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Strat's PASR Long Term, Stress Free Trading

  • #12,861
  • Mar 4, 2020 3:36am Mar 4, 2020 3:36am
Quoting Udkox
{quote} 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: {quote} Source...
Hey there!

Exceed means close above/bellow. Look at the strat second example /black text/
You attract what you think in any area of life, relationships and trading!
  • #12,862
  • Edited 4:03am Mar 4, 2020 3:47am | Edited 4:03am
Quoting Eushev24
{quote} Hey there! Exceed means close above/bellow. Look at the strat second example /black text/
In his example, the HIGH is taken out by both the new HIGH and the CLOSE.

(It's the weekly USD JPY chart, in case someone wants to have a look)
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  • #12,863
  • Mar 4, 2020 4:15am Mar 4, 2020 4:15am
I took some pennies off the table today.

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  • #12,864
  • Mar 4, 2020 4:33am Mar 4, 2020 4:33am
Quoting Udkox
{quote} 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: {quote} Source...

I think you need to learn to respect the seniors here. Mohon is a senior guy. And he knows what he talking about. If Strat was here then you will surely receive the same reply from him. its all seniors running this thread now (with Strat's Absence). So If you not using your words carefully then the seniors might not help you. So think about that. Be a little respectful
Focus, Patience, Discipline, Determination and Perseverance
  • #12,865
  • Mar 4, 2020 5:11am Mar 4, 2020 5:11am
Quoting Suran
{quote} I think you need to learn to respect the seniors here. Mohon is a senior guy. And he knows what he talking about. If Strat was here then you will surely receive the same reply from him. its all seniors running this thread now (with Strat's Absence). So If you not using your words carefully then the seniors might not help you. So think about that. Be a little respectful
First thing I did was acknowledge his status, I have nothing but respect for old members here. Having said that, I have been way more respectful than he has.

Quoting Mhons
Instead of asking what about start reading? All is there
Stupid statement. Have you never asked questions at school even though you had the textbooks ? As if reading something meant you instantly learned it. I put my knowledge to test and got critisized for it.

Quoting Mhons
That is the reason that 98% traders are not able to get money from markets.
You don't get to critisize people and tell them they'll fall into the 98% that lose money. You just don't. I have profitable traded a system before, know how ? Asking lots of questions.

You don't get to be grumpy and get away with it. Not with me. Don't want to help ? Don't. But don't disturb either.

I wish Strat was still around.

Quoting Strat
If you are still confused, ask more questions – we’ll get you there!
I will not comment on any more drama. I am here to learn PARS.
  • #12,866
  • Mar 4, 2020 6:02am Mar 4, 2020 6:02am
Quoting Szpons
I took some pennies off the table today. {image}
Many thanks for sharing this! And congrats on the win

I have some questions I'd like to ask. Thanks in advance.
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  • #12,867
  • Mar 4, 2020 7:41am Mar 4, 2020 7:41am
Quoting Udkox
{quote} Many thanks for sharing this! And congrats on the win I have some questions I'd like to ask. Thanks in advance. {image}
1. It's not a hammer and even if it was its RR is poor because...
Purple zone is the weekly resistance which so far was not taken out. Recent PA here tells me sellers are gaining control.
So says H chart on which I planned my trade

2. See the previous rally it looks almost the same. It gave me confidence that I can go short as soon as price would start probing low and still have decent RR
  • #12,868
  • Mar 4, 2020 2:13pm Mar 4, 2020 2:13pm
GBPUSD 50 pips a day keeps the lurkers and losers away

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Oh well this must be another snake oil set up that I trade nearly EVERY DAY! Oh wow, hang on, this must be one of those impossible account mind blowing 5 min timeframe trades us charlatans peddle to unsuspecting victims.

Better put my mask back on, I've got more imbeciles to rob on the highway..

Attached Image


Might see you tomrrow for more scullduggery, thievery and high jinx.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,869
  • Mar 4, 2020 2:19pm Mar 4, 2020 2:19pm
Quoting BeyondTheSea
Interesting Chart GBPCAD Big Boss {image} Boss {image} Worker {image}
Udkox are you watching and learning (and reading!)??

Don't be soft, Mhons meant well. Trading is mental heavy weight boxing, it's a tough game so toughen up.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,870
  • Mar 4, 2020 4:06pm Mar 4, 2020 4:06pm
Quoting BeyondTheSea
{quote} Udkox are you watching and learning (and reading!)?? Don't be soft, Mhons meant well. Trading is mental heavy weight boxing, it's a tough game so toughen up.
I am here to learn. I have been a member for a week and I've posted 20 times (average 3 times per day). I've submitted questions, analysis and even uploaded a video. Even though most my posts go unnoticed, I keep asking & analysing. I think I am pretty commited, wouldn't you agree ?

Quoting Strat
I will say or post something to stir up your imagination and thinking and provoke questions.
It's so easy to provoke questions on me, I am very curious and that's why I am a quick learner. I've always been the dream student of my teachers.

After raising my questions, I am dying to get some damn replies & feedback so I can polish up and start trading on a demo ASAP. For some reason, getting a straight forward reply is unthinkable. You know (and say) that trading isn't easy, yet you guys expect us to see the same you see on the charts you post. Or to know what the big boys need when the Bank of Canada is releasing the new interest rates, as if it was common knowledge!

Can you not just add a single explanatory sentence ? I will appreciate it a lot. Feel free to throw more questions at me if you want, but after I solved the ones at hand.

Finally, if someone has some free time, commenting on these would help me, even if it's only on one:

  1. In order to confirm a swing low, does it count if the wick exceeds the high or does it also have to close above it ? (attached an image)
  2. What is the main use of identifying swings ? To detect possible immediate trend changes ?
  3. If I find Price Action in Daily SR levels, but those levels didn't show up in the Weekly, do they also count as PASR ?
  4. What other SR levels do you consider for PASR ? Slow & fast EMA, Weekly Control Candles... ?
  5. If someone watched my video, any comments on my SR levels ?

No hard feelings @Mhons. Looking forward to your contributions.

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  • #12,871
  • Mar 4, 2020 4:21pm Mar 4, 2020 4:21pm
Think about what a candle shows. Candle B shows sellers coming in and price is dropping in Candle B . So the sellers have kept the price lower than the high of the last black candle and at the end of the B Candle time period the sellers have kept the price lower than the high of the black candle. Candle A shows that although there are sellers, they were not 'strong' enough to push price in a lower direction before the candle closed. Now looking to the left at the last black candle, it was surpassed by candle A by the buyers. And when A closed the buyers were in control of the time period of the candle. So Candle A close shows buyers strength even when sellers pushed price down a little ... hence the wick on the top of candle A . Therefore Candle A shows the confirmation of a swing low. Does this explanation help ? https://www.forexfactory.com/attachm...1&d=1583359585
  • #12,872
  • Mar 4, 2020 4:54pm Mar 4, 2020 4:54pm
Quoting Udkox
{quote} I am here to learn. I have been a member for a week and I've posted 20 times (average 3 times per day). I've submitted questions, analysis and even uploaded a video. Even though most my posts go unnoticed, I keep asking & analysing. I think I am pretty commited, wouldn't you agree ? {quote} It's so easy to provoke questions on me, I am very curious and that's why I am a quick learner. I've always been the dream student of my teachers. After raising my questions, I am dying to get some damn replies & feedback so I can polish up and start...
1. The candle must close above the high.

2. Identifying swings will show you the support and resistance levels for the time frame you're in, and show you the current trend.

3. PASR is relevant on all time frames, but you might use daily S/R levels for trading the 4hr or 1hr charts.

4. I personally have trouble identifying decent levels, so I look for the blinding obvious ones like record highs or lows. Weekly control candles are a means on identifying consolidation, where you would trade the range. The EMA's show the state of the trend, such as if they are crisscrossing there's no trend, wide but coming together the trend is running out of steam.

5. I haven't watched your video, and as I mentioned, I can't seem to pick good support and resistance levels even now. So I guess someone else will have to answer this.
  • #12,873
  • Mar 4, 2020 11:45pm Mar 4, 2020 11:45pm
Quoting Udkox
{quote} I am here to learn. I have been a member for a week and I've posted 20 times (average 3 times per day). I've submitted questions, analysis and even uploaded a video. Even though most my posts go unnoticed, I keep asking & analysing. I think I am pretty commited, wouldn't you agree ? {quote} It's so easy to provoke questions on me, I am very curious and that's why I am a quick learner. I've always been the dream student of my teachers. After raising my questions, I am dying to get some damn replies & feedback so I can polish up and start...
Hi Udkox, I feel that you are helping us to do revision on Strat's method of trading. Having read both the threads many months ago, we tend to forget what we have learned. Your questions have help us to go back to the core of his teaching. Thank you.
  • #12,874
  • Edited 4:18am Mar 5, 2020 3:36am | Edited 4:18am
Quoting Lou
Think about what a candle shows. Candle B shows sellers coming in and price is dropping in Candle B . [...]
I knew that Option A was a confirmation and I did see that Option A was way more Bullish than Option B (also a BUEB). My real question was whether Option B could also be considered as swing confirmation. Finally, there seems to be a consensus that it isn't. This is very important for me to clarify as I did all my analysis beliving it was valid as well. No wonder I got no replies! Thank you very much for the detailed explanation.

I think it's a good opportunity to link Strat's thoughts on the importance of the CLOSE.

Quoting Strat
I am only interested in the CLOSE of a candle. I do not care where it started, where it's been, how far it's gone or why it went there, only where it ended up.
Quoting Rub
1. The candle must close above the high.[...]
I think my 3rd question wasn't clear, so I'll rephrase. It's clear to me that a PA candle (shooting star, hammer, engulfing bars or outside bars) in the Worker at a Weekly SR level could be a good entry. Is that same PA candle, at a Daily SR level also a good entry ?

Thanks Rub. A friend of mine recently moved to Melbourne. If you live nearby, you got some drinks on me when I pay her a visit

Quoting Corinna
Hi Udkox, I feel that you are helping us to do revision on Strat's method of trading [...]
It was never my intention, but I am glad you see it as a valuable refresher
  • #12,875
  • Mar 5, 2020 3:59am Mar 5, 2020 3:59am
@Strat.

I can't see the reply anymore, but I did read it last night on my phone.

I am glad to see you have had a peak at the forum. Not that glad you ended your inactivity with a reply addressing my incompetence. Few things would hit me as hard as your reply. I have seen you write endless posts helping others, so seeing you suggested me going to BabyPips was a hard pill to swallow. I will suck it up, do the course and come back.

Till then.

PS. Many thanks to pippoacher for passing my message along. I owe you one.
  • #12,876
  • Mar 5, 2020 4:20am Mar 5, 2020 4:20am
Quoting BeyondTheSea
GBPUSD 50 pips a day keeps the lurkers and losers away {image} Oh well this must be another snake oil set up that I trade nearly EVERY DAY! Oh wow, hang on, this must be one of those impossible account mind blowing 5 min timeframe trades us charlatans peddle to unsuspecting victims. Better put my mask back on, I've got more imbeciles to rob on the highway.. {image} Might see you tomrrow for more scullduggery, thievery and high jinx.
Back to charts I like your attitude.

DAX moved pretty well in London session after messed me up in Frankfurt

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My question is: How could you loose money on this? Yes if you go against TREND and trying to pick bottom that is almost impossible as STRAT mentioned many times

MH
  • #12,877
  • Mar 5, 2020 6:04am Mar 5, 2020 6:04am
Quoting Mhons
{quote} Back to charts I like your attitude. DAX moved pretty well in London session after messed me up in Frankfurt {image}
I used to have the same issue (I have many others but not this one anymore).
Look at the shadow but look at what BOTH components of the shadow tell you
Hope this helps
  • #12,878
  • Mar 5, 2020 6:32am Mar 5, 2020 6:32am
Quoting Mhons
{quote} Back to charts I like your attitude. DAX moved pretty well in London session after messed me up in Frankfurt {image} My question is: How could you loose money on this? Yes if you go against TREND and trying to pick bottom that is almost impossible as STRAT mentioned many times MH
I know the feeling (on GBPUSD today but it might be setting up now.. so better go!)

Just nail it when you get the move

It’d be boring otherwise!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,879
  • Mar 5, 2020 5:18pm Mar 5, 2020 5:18pm
Hi all

So after taking my first PASR trade about two weeks ago I have been battling it out with my 'little people'.
It amazes me how difficult it is to start with a clean slate and just trade according to a new set of rules. It's like I am not in control of my trigger finger, the little people are. Mind boggling.
I have taken a bunch of trades all of which were messy in one way or another, entries, exits, targets, stoplosses, money management etc. Not the way I want to trade PASR M5.
Every day making some improvement and awareness and control are improving.
So today I got stopped out on a nasty spike that was the result of news but I did manage to collect myself and reenter for a good run down in AUDJPY. Missed the first add-on because I was out walking the dog! Came back and was like wtf - expensive doggy! Second add-on I got and exited at my end of day dinnertime - not optimal but turned out OK.
So it was a rough start to the day with that stop spike but for the rest this trade makes my whole week worthwhile - finally a trade where I had the 'little people' more or less under control.

Cheers equa
ps. sorry can't show trade because using MT4 only for Strat Shadow - trade on Ctrader and can post that but this looks way better. Still hoping for a proper Ctrader Strat Shadow indie.
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  • #12,880
  • Mar 5, 2020 5:38pm Mar 5, 2020 5:38pm
Quoting Udkox
{quote} Thanks for the encouragement! I have recorded myself analysing CAD JPY and I'd like you guys to have a look! I watched the video myself and I would definitely add some more levels on the Monthly. It's way more obvious when not recording hahaha! Bear in mind English isn't my mother toungue, I talked quite low because I was SUUUPER nervous Comments welcome https://www.youtube.com/watch?v=Gu2ol9gJPCw
Hi Udkox,

As your SR levels, would you mind read the post 1 again please? There is a link to the previous website. You should find the answer there.

I would like to draw my SR lines from right to left, and form big boss to boss and worker. I think you had too many SR lines on the video.

Hope that helps.
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