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Strat's PASR Long Term, Stress Free Trading

  • #12,841
  • Mar 3, 2020 8:59am Mar 3, 2020 8:59am
Quoting BeyondTheSea
{quote} You could also get a lot BS "advice" from any old lurker failure on this website so don't be naive to this as well...."
Are you implying that my advice for a beginner to avoid trading the 5 minute chart is BS?

Or to put it another way, are you saying it is BS to advise a newbie trader to stay above the 1HR chart until he or she learns the ropes of trading, so to speak?

Perhaps I have misunderstood you. Please clarify.
Learn from your mistakes and march on.
  • #12,842
  • Mar 3, 2020 9:03am Mar 3, 2020 9:03am
Quoting Udkox
{quote} Right on. I was very confused when I read it, as my charts were your Monthly, Weekly and Daily ones.
Sorry, my bad. I somehow confused your comment with another person's comment.

It's early here in the US (I am still waking up).
Learn from your mistakes and march on.
  • #12,843
  • Mar 3, 2020 9:08am Mar 3, 2020 9:08am
Quoting here2there
{quote} Are you implying that my advice for a beginner to avoid trading the 5 minute chart is BS? Or to put it another way, are you saying it is BS to advise a newbie trader to stay above the 1HR chart until he or she learns the ropes of trading, so to speak? Perhaps I have misunderstood you. Please clarify.
Tell you what, let's see some trades before you impart your "wise advice" and rules of posting trades on this thread on other time frames.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,844
  • Mar 3, 2020 9:13am Mar 3, 2020 9:13am
Quoting BeyondTheSea
{quote} Tell you what, let's see some trades before you impart your "wise advice" and rules of posting trades on this thread on other time frames.
Please answer the question!

Do you advise newbie traders to trade the 5 minute chart? Yes or no?

If yes, then you should pack up your stuff and get out of here, because you have no business giving anyone instruction on how to trade.

Only a charlatan trader would advise newbies to trade the 5 minute chart.
Learn from your mistakes and march on.
  • #12,845
  • Mar 3, 2020 9:31am Mar 3, 2020 9:31am
Quoting Udkox
{quote} Right on. I was very confused when I read it, as my charts were your Monthly, Weekly and Daily ones. Regarding the trade. I call basic PASR to the strategy for beginners with the following rules: - price action - support / resistance - only trade with the trend when big boss, boss and worker align - trade from one SR level to another - don't add on trades - don't use indicators You said your trade was Basic PASR, but it seems to me it goes against the immediate trend, as I tried to show in my images. Did I understand Basic PASR wrong ? I...
Udkox, I did have quite a detailed reply to you with a marked chart.

Bit since we seem to be racing to the bottom again on Forex Factory with the latest lurker I will be taking a sabatical from here, I have no time for these idiots. How Strat did this for over 10 years is beyond me!

I'll leave you with this to chew on, there is a lot on here, the numbers are areas where my eye and mind is drawn to. Remember you can't eat an elephant in one go!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADDaily.png Size: 37 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,846
  • Mar 3, 2020 9:42am Mar 3, 2020 9:42am
Instead of answering a simple question, BeyondTheSea decides to put me on ignore. I am not surprised.

Folks, be careful who you take advice from on here! If you are a newbie trader, you will put your account at risk if you trade on time frames lower than the 4HR, and even greater risk on time frames lower than the 1HR.

But feel free to do what you want. Just don't say you haven't been warned if you end up blowing your account.
Learn from your mistakes and march on.
  • #12,847
  • Mar 3, 2020 9:44am Mar 3, 2020 9:44am
Quoting BeyondTheSea
{quote} Udkox, I did have quite a detailed reply to you with a marked chart. Bit since we seem to be racing to the bottom again on Forex Factory with the latest lurker I will be taking a sabatical from here, I have no time for these idiots. How Strat did this for over 10 years is beyond me! I'll leave you with this to chew on, there is a lot on here, the numbers are areas where my eye and mind is drawn to. Remember you can't eat an elephant in one go! {image}
EDIT: The lines and boxes drawn on the chart are also to show what I am seeing. I don't actually draw them for any technical reason.

Cheers and I'm off to sell some snake oil...

Attached Image (click to enlarge)
Click to Enlarge Name: snake oil.jpeg Size: 55 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,848
  • Mar 3, 2020 9:47am Mar 3, 2020 9:47am
Quoting BeyondTheSea
{quote} Udkox, ...Bit since we seem to be racing to the bottom again on Forex Factory with the latest lurker I will be taking a sabatical from here, I have no time for these idiots...
I think that is a good idea, since you are apparently unable to behave like an adult and discuss things in a civil manner.
Learn from your mistakes and march on.
  • #12,849
  • Mar 3, 2020 10:38am Mar 3, 2020 10:38am
Quoting here2there
Instead of answering a simple question, BeyondTheSea decides to put me on ignore. I am not surprised. Folks, be careful who you take advice from on here! If you are a newbie trader, you will put your account at risk if you trade on time frames lower than the 4HR, and even greater risk on time frames lower than the 1HR. But feel free to do what you want. Just don't say you haven't been warned if you end up blowing your account.
BTS is respected fellow collegue. First show some work and help for others otherwise this thread is not for you

Blowing your account has nothing to do with timeframe
This showed me that you Did not even made an effort to read the thread.
No spoon feeling here.

MH
  • #12,850
  • Mar 3, 2020 10:39am Mar 3, 2020 10:39am
Quoting BeyondTheSea
{quote} Hi WTJ I'm not sure what ideas you had to me but they sure are not similar to mine I'm afraid to say. My level of interest is some 125 pips away from your WCC (which is still in play by the way). Be mindful that these areas are like giant vacuums of liquidity when they are active. Your stop is right on target to get eaten up and also on a BRN. FATAL error. If you are trading Strat's 5 minute you need revisit your plan and re-read . Start thinking about being the shark, not the baby seal snack. PS thank you for sharing your trade.
Thank you so much for the genuine advice. I should go back and read again.

Regards,
TJ
  • #12,851
  • Mar 3, 2020 11:02am Mar 3, 2020 11:02am
Quoting Mhons
{quote} BTS is respected fellow collegue. First show some work and help for others otherwise this thread is not for you Blowing your account has nothing to do with timeframe This showed me that you Did not even made an effort to read the thread. No spoon feeling here. MH
You clearly don't have a clue.

I am trying to spare noobs the grief of losing all of their money as a result of following the bad advice of charlatan trading advisers.

As for respect, that is something you earn. BTS has given me no reason to respect him.
Learn from your mistakes and march on.
  • #12,852
  • Mar 3, 2020 12:04pm Mar 3, 2020 12:04pm
Quoting Mhons
{quote} BTS is respected fellow collegue. First show some work and help for others otherwise this thread is not for you Blowing your account has nothing to do with timeframe This showed me that you Did not even made an effort to read the thread. No spoon feeling here. MH
Thanks Mhons.

Anybody else please don't respond, here2there is a troll looking at some previous posts and manic activity. Leave him/her to wander the hinterlands of victimhood.

We can and we do make thanks to Strat and our hard work.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,853
  • Edited 12:43pm Mar 3, 2020 12:32pm | Edited 12:43pm
Quoting BeyondTheSea
{quote} Thanks Mhons. Anybody else please don't respond, here2there is a troll looking at some previous posts and manic activity. Leave him/her to wander the hinterlands of victimhood. We can and we do make thanks to Strat and our hard work.
That's right people, ignore the so called troll who wants to spare inexperienced traders the grief of losing all of their money trying to trade the 5 minute chart.

That makes no sense at all.

Anyone who follows the advice of BTS after reading his nonsensical comments about me deserves to lose their money. He appears to have no moral compass.
Learn from your mistakes and march on.
  • #12,854
  • Mar 3, 2020 4:08pm Mar 3, 2020 4:08pm
I am going to ignore all the drama and cut to the chase.

(1) Is this a confirmed swing ?

Attached Image (click to enlarge)
Click to Enlarge Name: swing confirmation.png Size: 13 KB


(2) As long as the price doesn't fall to a lower low, will the indicated candle be a confirmed swing low when the price is pushed above the orange line ?

Attached Image


(3) Are these confirmations correct ?

Attached Image


Apart from the levels in the Big Boss and Boss, (4) do you also consider PA candles near Daily SR levels ?

Last, when it comes to using the Worker for our entry, (5) would this trade follow PASR rules for the entry, SL & TP ?

Attached Image


Cheers.
  • #12,855
  • Mar 3, 2020 4:37pm Mar 3, 2020 4:37pm
Quoting Udkox
I am going to ignore all the drama and cut to the chase. (1) Is this a confirmed swing ? {image} (2) As long as the price doesn't fall to a lower low, will the indicated candle be a confirmed swing low when the price is pushed above the orange line ? {image} (3) Are these confirmations correct ? {image} Apart from the levels in the Big Boss and Boss, (4) do you also consider PA candles near Daily SR levels ? Last, when it comes to using the Worker for our entry, (5) would this trade follow PASR rules for the entry, SL & TP ? {image} Cheers.
Hey there! If price close below the blue line it will be confirmed swing high
Attached File(s)
File Type: pdf Safari - Mar 4, 2020 at 1233 AM.pdf   109 KB | 659 downloads
You attract what you think in any area of life, relationships and trading!
  • #12,856
  • Mar 3, 2020 6:31pm Mar 3, 2020 6:31pm
Quoting Eushev24
{quote} Hey there! If price close below the blue line it will be confirmed swing high {image}

PRICE should close below the red line to confirm Swing high..NOT blue line
Focus, Patience, Discipline, Determination and Perseverance
  • #12,857
  • Mar 4, 2020 1:37am Mar 4, 2020 1:37am
Quoting Udkox
I am going to ignore all the drama and cut to the chase. (1) Is this a confirmed swing ? {image} (2) As long as the price doesn't fall to a lower low, will the indicated candle be a confirmed swing low when the price is pushed above the orange line ? {image} (3) Are these confirmations correct ? {image} Apart from the levels in the Big Boss and Boss, (4) do you also consider PA candles near Daily SR levels ? Last, when it comes to using the Worker for our entry, (5) would this trade follow PASR rules for the entry, SL & TP ? {image} Cheers.
Questions, questions questions.

Instead of asking what about start reading? All is there. People will not change. That is the reason that 98% traders are not able to get money from markets.

MH
  • #12,858
  • Mar 4, 2020 2:31am Mar 4, 2020 2:31am
Quoting Suran
{quote} PRICE should close below the red line to confirm Swing high..NOT blue line
Hey Suran! I am not sure that we are talking for same picture. I dont know why but i cant upload normal picture only pdf file.. that sucks. I am, refering to EURAUD daily picture that udkox posted. In my understading price shoould close bellow the low of the last bullish candle in order to call it swing high. My english is not good maybe i did not understand it right. Could you please elaborate more. Language is still a barier for me and sometimes its hard for to understand whats written. That doji /market with arrow/ did not close above the bullish bar, so do not take it in cosideration. https://web.archive.org/web/20120603...nfirmed_swings same example is here look at the blue text same scenario.
You attract what you think in any area of life, relationships and trading!
  • #12,859
  • Mar 4, 2020 2:48am Mar 4, 2020 2:48am
Quoting Suran
{quote} PRICE should close below the red line to confirm Swing high..NOT blue line
Sorry mate, after more detailed reading I think that you are right that we should watch the previous candle low/high to be exceeded in order to have confirmed swing high or low.
You attract what you think in any area of life, relationships and trading!
  • #12,860
  • Mar 4, 2020 3:09am Mar 4, 2020 3:09am
Quoting Mhons
{quote} Questions, questions questions. Instead of asking what about start reading? All is there. People will not change. That is the reason that 98% traders are not able to get money from markets. MH
I know you are a long time member and a respected one. But your comment was useless, not to mention there's an ongoing discussion about it right now as its definition isn't clear. Also, what makes you think reading is enough ? If reading was enough none of you would have had to respond to any comments, everyone would know it all just from reading it on the thread, right ? Don't be silly.

There's seems to be an interpretation problem here. These are Strat's words:
Quoting Strat
For confirmation of a swing, the OPPOSITE end of the candle must be taken out (exceeded). So, for a CONFIRMED swing high, the highest candle must have its LOW taken out and Vicky Verka for a CONFIRMED swing low.
Therefore, your marked candle is CONFIRMED as a swing high the following week when it’s LOW is taken out.
Source 1
Source 2

I am not sure what take out means here, it could be:

  1. closing above/below price
  2. just exceeding price (even though it retraces after, forming a wick that takes out the price)

Suran emphasized closing, so I guess his/her vote goes to option 1.

Maybe some more older members can clarify this for us, even change it in Strat's post so everyone is clear and there's a consensus.

Cheers.

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