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Strat's PASR Long Term, Stress Free Trading

  • #12,741
  • Feb 13, 2020 11:17pm Feb 13, 2020 11:17pm
Quoting Rub
{quote} That sounds a lot like you're trading the EMA's not the price action as such. Have a look at the pictures I took from my initial post here. https://www.forexfactory.com/showthr...0#post12744850 Now below is the same pictures with my reasoning. Remember with Big boss and boss are from my weekend analysis, finding the levels and working out what I'll do there. If price reaches that level shows me clearly what it's doing, I can enter. Otherwise leave it alone. {image} {image} {image}
Thanks a lot for taking the time and explaining that, I guess I get more concerned about the strat shadow than what the price is doing

appreciate it Rub
  • #12,742
  • Feb 14, 2020 9:40am Feb 14, 2020 9:40am
Quoting here2there
When it comes to trading, I am not a noob. However, I am always open to learning new things (as long as it's not over-complicated). And I don't mind be reminded of stuff I already know. Having said that, I am currently going through Strat's Core System. I like it. And I especially like the story about Dr....
Welcome here2there!

Keep on reading. The old thread and this one for that matter certainly is a gold mine of information.

Regards
Pete
  • #12,743
  • Edited 10:11am Feb 14, 2020 9:53am | Edited 10:11am
Quoting TerryDawe
{quote} If he referred to them because they just crawled along, he is correct. I just closed both trades with a small profit and will look for more volatility. Regards Terry Does anyone have the ATR20 indicator that I can download? I had to reinstall my MT4 platform and have lost all my previous stuff.

Hi Terry

Trogger did a series of posts in the old thread on setups that he referred to as the "Preying Mantis" setup. I have posted to links below to his initial posts in this regard. Makes for interesting reading. Also an image...

https://www.forexfactory.com/showthr...15#post5443015
https://www.forexfactory.com/showthr...06#post5466206

Regards
Pete
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  • #12,744
  • Feb 14, 2020 9:59am Feb 14, 2020 9:59am
Quoting TerryDawe
{quote} If he referred to them because they just crawled along, he is correct. I just closed both trades with a small profit and will look for more volatility. Regards Terry Does anyone have the ATR20 indicator that I can download? I had to reinstall my MT4 platform and have lost all my previous stuff.
Hi Terry

Is this what you are looking for?

Regards
Pete
Attached File(s)
File Type: mq4 ATR in Pips 2.mq4   3 KB | 511 downloads
  • #12,745
  • Feb 14, 2020 10:30am Feb 14, 2020 10:30am
Quoting JCMPete
{quote} Welcome here2there! Keep on reading. The old thread and this one for that matter certainly is a gold mine of information. Regards Pete
Indeed, there is a lot of useful information in the thread. I am on page 4, and I have already read through most of the Core Teachings.

You might think this is silly, but it kind of saddens me that I wasn't there at the time when Strat had his website up. As I read through the thread, I feel that it would have been a great experience to have been a part of that community.
Learn from your mistakes and march on.
  • #12,746
  • Feb 15, 2020 8:26am Feb 15, 2020 8:26am
Quoting JCMPete
{quote} Hi Terry Is this what you are looking for? Regards Pete {file}
That's it, thanks a lot Pete

Regards
Terry
  • #12,747
  • Feb 16, 2020 10:33am Feb 16, 2020 10:33am
Good day All

Aud Chf Analysis

How far will this counter trend go....?

Regards
Pete
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  • #12,748
  • Feb 16, 2020 4:09pm Feb 16, 2020 4:09pm
Price being as hi as it is deserves consideration for a 4hr short with exit at wwc support, assuming PA provides it.

https://www.forexfactory.com/attachm...1&d=1581891196
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  • #12,749
  • Edited 10:40am Feb 18, 2020 8:28am | Edited 10:40am
EurAud 5 Min Trade

I had the rare opportunity today to trade the 5 minute time frame...

Pete
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  • #12,750
  • Feb 18, 2020 4:36pm Feb 18, 2020 4:36pm
Hi Pete

Nice shootin'. I like your entries - quick and tight - I imagine you had a good r:r on this trade.

I was trading today but did not see this setup. Being a newbie to PASR I'm a bit overwhelmed because of old habits getting in the way of proper execution of PASR.

I got mixed up with GBPJPY and what started out fairly well ended up in a messy loss in that big spike up at 1115 CET. I'll post a chart but it ain't pretty

I am happy with the initial entry but from there it went all wrong.
My second entry was a hedge (because I'm used to trading that way - which locked me out of the profitable down leg.)
Where I reversed my hedge would have been a 25 pip winner. OK so now I'm short with 2 entries and no pips. The 2nd entry (hedge reversal) was terrible and unjustified and not thought out at all - just an impulse on momentum going against me.
Then as it retraced back up to the shadow I entered another hedge (old habits die hard) which I closed breakeven 5 bars later.
The retracement continued back up through Strat's shadow where I made a 3rd entry based off the SS I am happy with - a few bars later there was a large doji and then a BUEB which was where I really had to exit, in hindsight.

Lessons learned - I did not have my SL in place according to my r:r, I was hedging trades I had no business doing, piss poor execution of PASR - I made a complete cockup of the whole thing, to be honest.
OK my first trade is in the books and although I see a lot of what I did wrong If you have comments feel free.
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  • #12,751
  • Feb 18, 2020 7:28pm Feb 18, 2020 7:28pm
Hi everyone, took couple of trades yesterday but was stopped out in both. Any comment about where i went wrong will be appreciated, i am still learning!

EURGBP

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USDCHF

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  • #12,752
  • Feb 18, 2020 7:37pm Feb 18, 2020 7:37pm
Quoting Max333
Hi everyone, took couple of trades yesterday but was stopped out in both. Any comment about where i went wrong will be appreciated, i am still learning! EURGBP {image} USDCHF {image}
Please note where you enter and stopped out clearly and the trade is buy or sell. then maybe we can comment.
Focus, Patience, Discipline, Determination and Perseverance
  • #12,753
  • Feb 18, 2020 7:44pm Feb 18, 2020 7:44pm
Quoting Suran
{quote} Please note where you enter and stopped out clearly and the trade is buy or sell. then maybe we can comment.
Hi Suran entry marked by arrows and SL was at S&R levels in orange. Thank you
  • #12,754
  • Feb 19, 2020 1:58am Feb 19, 2020 1:58am
Quoting Max333
Hi everyone, took couple of trades yesterday but was stopped out in both. Any comment about where i went wrong will be appreciated, i am still learning! EURGBP {image} USDCHF {image}
1. Candle power
You have correctly identified price action at support/resistance but... Candles you've entered have a poor meaning... yet
In both cases you have no exshaustion, no rejections just a bunch of buyers/sellers which were quickly overtaken. In such situations you need confirmation eg. confirm swing high/low. Please read more on that

2. Power of timeframes
In case of EG you're against strong downtrend. Do you know that?

3. Plan - most important
Do you have it? What was it?

Anyway EG support you've chosen is still intact
  • #12,755
  • Feb 19, 2020 2:34am Feb 19, 2020 2:34am
Quoting Szpons
{quote} 1. Candle power You have correctly identified price action at support/resistance but... Candles you've entered have a poor meaning... yet In both cases you have no exshaustion, no rejections just a bunch of buyers/sellers which were quickly overtaken. In such situations you need confirmation eg. confirm swing high/low. Please read more on that 2. Power of timeframes In case of EG you're against strong downtrend. Do you know that? 3. Plan - most important Do you have it? What was it? Anyway EG support you've chosen is still intact
Hi Szpons, thanks for the explanation. I may have misinterpreted the candles and got excited for identifying them. I do understand the power of timeframe as Strat explained it, and i did have a plan for both trades. Thanks again
  • #12,756
  • Feb 19, 2020 3:29am Feb 19, 2020 3:29am
Quoting Max333
{quote} Hi Szpons, thanks for the explanation. I may have misinterpreted the candles and got excited for identifying them. I do understand the power of timeframe as Strat explained it, and i did have a plan for both trades. Thanks again
I dont think so that you fully understand. PA candles. without context mean nothing. PA at S/R does not mean you automatically open trade.

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  • #12,757
  • Feb 19, 2020 4:21am Feb 19, 2020 4:21am
Quoting Mhons
{quote} I dont think so that you fully understand. PA candles. without context mean nothing. PA at S/R does not mean you automatically open trade. {image} {image}
Thank you Mhons, will go back to the first thread and wont be back till i am ready.
  • #12,758
  • Feb 19, 2020 10:22am Feb 19, 2020 10:22am
Quoting equa
Hi Pete Nice shootin'. I like your entries - quick and tight - I imagine you had a good r:r on this trade. I was trading today but did not see this setup. Being a newbie to PASR I'm a bit overwhelmed because of old habits getting in the way of proper execution of PASR. I got mixed up with GBPJPY and what started out fairly well ended up in a messy loss in that big spike up at 1115 CET. I'll post a chart but it ain't pretty I am happy with the initial entry but from there it went all wrong. My second entry was a hedge (because I'm used to trading...
Hi equa

I do not follow GbpJpy but looking at you chart I agree with your own summary of your trade:

"I did not have my SL in place according to my r:r, I was hedging trades I had no business doing, piss poor execution of PASR - I made a complete cockup of the whole thing, to be honest."

But then being honest and realizing and admitting to your mistakes is a big step forward on the path as Strat used to say. It is one of the first steps to controlling your little people. The fact that you fell back in bad old habits like hedging just shows you do not have control over the rugrats (Your little people.)

Secondly, did you check the economic calendar before deciding to enter into this trade? I am guessing that you were trading the 5min time frame? your uploaded chart does not show your time frame.

Thirdly, are you reading this or the old thread? The old thread forms the PASR foundation needed to trade the methods shown and discussed in this thread.

I hope this helps...

Regards
Pete
  • #12,759
  • Feb 19, 2020 4:18pm Feb 19, 2020 4:18pm
Hi Pete - thnx for your comments.

I have read up to post 4001 on this thread. I read the beginning of the older thread but when I saw this one, and especially the M5 strategy, I decided to put my time in here as that is my preferred time frame.

Yes, the time frame is M5 - I will be sure to include more info on charts I post going forward. And I have the FF events calendar open every day and avoid having positions on at the time high impact news is released.

I have been studying this thread for a few weeks now but have not really committed to it. I have not written a trading plan based on Strat's PASR strategy and until I get that done I will not take any more trades. I need to clear the slate and follow the new plan. That'll help calm those pesky 'little people' as well - they were in full control yesterday, it was complete chaos, and that is anything but stress free. So true that psychology is the crux of trading...

cheers equa
  • #12,760
  • Feb 20, 2020 4:05am Feb 20, 2020 4:05am
For more patient fellow traders then me we have still original WORKER that produce hundreds and thousands of pips. I saw post from someone saying that markets are not the same as 10 years before. TREND is TREND PASR is PASR. Well if conditions changed PASR also changed in terms of momentum different volatility, swings, ranges but still PASR shows actual situation at markets, stop looking for what is not there. PASR will always show market conditions

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repeat situations from past, after stock open, few SL taking and movement as Big Boys like

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Take what is useful throw away what is not

Trade safe and prosper

MH
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