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Strat's PASR Long Term, Stress Free Trading

  • #12,881
  • Mar 6, 2020 2:02am Mar 6, 2020 2:02am
Quoting equa
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...
Good job. You can't really leave an M5 trade unless you've locked profit and the rest is gravy....
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,882
  • Mar 6, 2020 2:05am Mar 6, 2020 2:05am
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}
GBPCAD Update (Worker Trade)

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200 locked in. NFP today and I'm not going to leave this over the weekend. I'm happy if some is left on the table today, I have others running.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,883
  • Mar 6, 2020 4:53am Mar 6, 2020 4:53am
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
get up, get ready, repeat same trend PASR as always, use what is good for you throw out what is not

Charlatans and liars at M5 Timeframe.. still have to smile for his attittude

Today reward ratio 10, so with 1% risk is result? I use different money management than in standard way but it is different chapter. I use money on my trading account only for margin and leverage requirements and usually when market goes in my direction I increase position size with fixed previous positions so you could rapidly increase your reward but I do not recommend this for novice.

Everyone has to find his way

I am thinking about find broker with MT4 platform so I could demonstrate my trades in real not only marking it like this because as I said before I cannot show screens from my account.

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Green pips to all

MH
  • #12,884
  • Mar 6, 2020 5:08am Mar 6, 2020 5:08am
Quoting Mhons
{quote} get up, get ready, repeat same trend PASR as always, use what is good for you throw out what is not Charlatans and liars at M5 Timeframe.. still have to smile for his attittude Today reward ratio 10, so with 1% risk is result? I use different money management than in standard way but it is different chapter. I use money on my trading account only for margin and leverage requirements and usually when market goes in my direction I increase position size with fixed previous positions so you could rapidly increase your reward but I do not recommend...
Good shooting.. There was 20 pips for me on GBPUSD but I didn't like the smell of it. Now waiting...
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,885
  • Mar 6, 2020 6:24am Mar 6, 2020 6:24am
Quoting Mhons
{quote} get up, get ready, repeat same trend PASR as always, use what is good for you throw out what is not Charlatans and liars at M5 Timeframe.. still have to smile for his attittude Today reward ratio 10, so with 1% risk is result? I use different money management than in standard way but it is different chapter. I use money on my trading account only for margin and leverage requirements and usually when market goes in my direction I increase position size with fixed previous positions so you could rapidly increase your reward but I do not recommend...
Hi Mhons,

Would you mind explain the first entry?
Should we expect the BEEB and BEOB rather than BUXX?
  • #12,886
  • Mar 6, 2020 4:35pm Mar 6, 2020 4:35pm
[ quote I am thinking about find broker with MT4 platform so I could demonstrate my trades in real not only marking it like this because as I said before I cannot show screens from my account. {image} Green pips to all MH[/quote]

Oanda has an MT4 option which will accept the Strat Shadow, allows for text writing on the chart, has time frames from 1, 5 15 30 minutes. 1 , 4 hours Daily Weekly and Monthly.
trades FX pairs (if in the USA cannot trade gold silver oil or indicies)
  • #12,887
  • Mar 8, 2020 1:12am Mar 8, 2020 1:12am
Quoting BeyondTheSea
{quote} GBPCAD Update (Worker Trade) {image} 200 locked in. NFP today and I'm not going to leave this over the weekend. I'm happy if some is left on the table today, I have others running.
This is part of what frustrates me. I can see exactly why you entered there, but I can't seem to pick it up looking at the charts on the day.
Quoting wtjfree
{quote} Hi Mhons, Would you mind explain the first entry? Should we expect the BEEB and BEOB rather than BUXX?
I think the first entry is because price closed below support, retested it and the strat shadow, then moved away. Especially after breaking the trend line above and being below the 200ema.
  • #12,888
  • Mar 8, 2020 1:32am Mar 8, 2020 1:32am
I'll be watching most of the GBP pairs next week. Here's some of the stuff I've been looking at on the GBPUSD.
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  • #12,889
  • Mar 8, 2020 4:16am Mar 8, 2020 4:16am
Quoting Rub
{quote} This is part of what frustrates me. I can see exactly why you entered there, but I can't seem to pick it up looking at the charts on the day. {quote} I think the first entry is because price closed below support, retested it and the strat shadow, then moved away. Especially after breaking the trend line above and being below the 200ema.
Hi Rub
I don’t try to predict the market. If it stopped going down I bought but if it continued to go down I would have sold. No bias.

You seem to be trying to predict the market in your studies, maybe this is what is frustrating you?

Drawing trend lines is a bad habit as well, they are completely arbitrary and placed on your chart from your mind not the markets. You have subconsciously chosen a side of right or wrong (and normally wrong!).

GBP budget next week so might be a bit lively. Also with the big Euro move last week, pairs could swing with big stop hunts. Amazing to see it take out nearly all of last years positions. I haven’t checked the calendar yet but I think ECB interest is on Tuesday. Maybe this price move was to cushion a big move after a cut. Who knows?!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,890
  • Mar 8, 2020 4:26am Mar 8, 2020 4:26am
Quoting BeyondTheSea
{quote} Hi Rub I don’t try to predict the market. If it stopped going down I bought but if it continued to go down I would have sold. No bias. You seem to be trying to predict the market in your studies, maybe this is what is frustrating you? Drawing trend lines is a bad habit as well, they are completely arbitrary and placed on your chart from your mind not the markets. You have subconsciously chosen a side of right or wrong (and normally wrong!). GBP budget next week so might be a bit lively. Also with the big Euro move last week, pairs could...
Edit: Just checked ECB is Thursday and our budget is Wednesday.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,891
  • Mar 8, 2020 5:30am Mar 8, 2020 5:30am
EurGbp Boss Chart

Interesting...
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  • #12,892
  • Mar 8, 2020 6:11am Mar 8, 2020 6:11am
EurUsd Big Boss and Boss Charts

Interesting as well...
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  • #12,893
  • Mar 8, 2020 7:59pm Mar 8, 2020 7:59pm
Quoting BeyondTheSea
{quote} Hi Rub I don’t try to predict the market. If it stopped going down I bought but if it continued to go down I would have sold. No bias. You seem to be trying to predict the market in your studies, maybe this is what is frustrating you? Drawing trend lines is a bad habit as well, they are completely arbitrary and placed on your chart from your mind not the markets. You have subconsciously chosen a side of right or wrong (and normally wrong!). GBP budget next week so might be a bit lively. Also with the big Euro move last week, pairs could...

I don't think I'm trying to predict the market, doesn't mean I'm not, but I'm not consciously aware of it. I've been trying to take a step back and trade stuff that's all in alignment ( the power of time frames e.g. https://www.forexfactory.com/showthr...9#post10838369). What is frustrating me is even when it is all lined up like that I don't pick up on the trade.

Trend lines seems like personal preference to me. I'm only drawing them from boss/big boss to try to remind myself of the immediate trend. E.g. as posted above, looking at GBPUSD, the immediate trend was a retracement downswing on the boss.

Having said all that I do appreciate the feedback, having blown a couple of small accounts trading the smallest lost size I can over the time I've been in this thread. Still regularly feels little like groping for the light switch in the dark! I'll keep slugging away though.

Quoting JCMPete
EurUsd Big Boss and Boss Charts Interesting as well... {image}
Yes, I noticed that too. Certainly been quite the run up of the last couple of weeks since.
  • #12,894
  • Mar 9, 2020 8:08am Mar 9, 2020 8:08am
Quoting Rub
{quote} I don't think I'm trying to predict the market, doesn't mean I'm not, but I'm not consciously aware of it. I've been trying to take a step back and trade stuff that's all in alignment ( the power of time frames e.g. https://www.forexfactory.com/showthr...9#post10838369). What is frustrating me is even when it is all lined up like that I don't pick up on the trade. Trend lines seems like personal preference to me. I'm only drawing them from boss/big boss to try to remind myself of the immediate trend. E.g. as posted...
Read the last paragraph what Strat says about the power of timeframes. Read it a few times. Now go back and look at your posts when you are “calling out trades/analysing” Ask yourself “have I predicted what has already happened?”

Why do you do this over and over again for months and years?

Rub, don’t be late it’s a terrible habit!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,895
  • Edited 9:20am Mar 9, 2020 8:48am | Edited 9:20am
Quoting wtjfree
{quote} Hi Mhons, Would you mind explain the first entry? Should we expect the BEEB and BEOB rather than BUXX?
I will reply you this evening after session end

CAPITAL PRESERVANCE

STOCK marked is closed

What is ‘limit down’?

According to the New York Stock Exchange, a market trading halt may occur at “three circuit breaker thresholds” on the S&P 500 due to large declines and volatility. The exchange classifies this at three levels based on the preceding session’s close in the S&P 500.
The rules, which apply to regular trading hours only, are as follows:

  1. Level 1: If the S&P 500 drops 7%, trading will pause for 15 minutes. (This would occur today if the S&P falls 208 points).
  2. Level 2: If the S&P 500 declines 13%, trading will again pause for 15 minutes if the drop occurs on or before 3:25 p.m. ET. There will be no halt if the drop happens after that. (This would occur today if the S&P falls 386 points).
  3. Level 3: If the S&P 500 falls 20%, trading would halt for the remainder of the day. (This would occur if the S&P falls 594 points).

These circuit breakers have never been triggered in their current form during regular trading hours. The prior circuit breaker system was revamped after it failed to prevent the May 2010 flash crash. This current set of breakers were put into effect in February 2013.

TRADE SAFE

Attachment g

Just 4fun because I am out of market now. I check my S/R zones from 04/2018

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  • #12,896
  • Edited 5:09pm Mar 9, 2020 4:39pm | Edited 5:09pm
Quoting BeyondTheSea
{quote} Read the last paragraph what Strat says about the power of timeframes. Read it a few times. Now go back and look at your posts when you are “calling out trades/analysing” Ask yourself “have I predicted what has already happened?” Why do you do this over and over again for months and years? Rub, don’t be late it’s a terrible habit!
February trade study:

January month close, what am I looking at in February.

Rub, where & when would you trade this?

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Big Boss chart. levels left from worker study on this timeframe so you can see.

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Boss Chart

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The red lines are the start and end of January , you can figure out the blue lines. Remember data feeds are different so these are zones and dont need to be to the pip although it's staggering how accurate luck can be sometimes..

Worker Chart

So using the power of timeframes and my own timing I have this....

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So January had run out of gas if you look at the high of Dec 13 on the worker you can clearly see it limping down but has signifcant support at the 1.2950 area. There was a valid Basic set up where I sell but levels don't last forever and the latest higher high on 31.12 was defeated in the new year. So I was looking for a turn of Big Boss, a turn of the boss and the speed of the worker.

The blue trend line I have drawn is for the next 5 worker candles and NOT my exit which was better than 1 to 1 and had lower timeframe add ons (which isn't relevant for this post)

This isn't an easy example to choose to try to explain but without using the obvious GBPCAD from last week which would be too easy; I thought this one might help get you out of your rut.

I did think twice before posting this as I know you have a tendency to sell into support and vice versa SO DON'T!

However it also shows that you need to trade what you see not what you think may happen to give you secondary confirmation because thats too late.

Some may look at this and think the RR isn't enough, blah blah blah but at the right hard edge, it is what it is. If price would have broken 1.29 and trended it could have been a big multi month % trade. But it didn't.

Note, I would have just as easily changed my tune and bought with the opposite confluences.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,897
  • Mar 9, 2020 5:24pm Mar 9, 2020 5:24pm
Quoting BeyondTheSea
{quote} February trade study: January month close, what am I looking at in February. Rub, where & when would you trade this? {image} Big Boss chart. levels left from worker study on this timeframe so you can see. {image} Boss Chart {image} The red lines are the start and end of January , you can figure out the blue lines. Remember data feeds are different so these are zones and dont need to be to the pip although it's staggering how accurate luck can be sometimes.. Worker Chart So using the power of timeframes and my own timing I have this.... {image}...
I am having a difficult time setting my strat shadow as I had it on my other MT4. I know BTS sent me the information but I really cannot set it up as you guys have it or as I did before my MT4 crashed and I had to reload it.

I know it's annoying but if anyone can help it would be greatly appreciated.

This is what I have now and the second is what I used to have.




Regards
Terry
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  • #12,898
  • Edited 7:30pm Mar 9, 2020 5:35pm | Edited 7:30pm
Quoting BeyondTheSea
{quote} Read the last paragraph what Strat says about the power of timeframes. Read it a few times. Now go back and look at your posts when you are “calling out trades/analysing” Ask yourself “have I predicted what has already happened?” Why do you do this over and over again for months and years? Rub, don’t be late it’s a terrible habit!
"NOW, when the Worker turns the Boss which turns the Big Boss that is when we LOAD UP. You probably think that does not happen much so think again. The Boss and Big Boss can both be moving in the same direction BUT the Worker can, and often does, move in the opposite direction. This is what PASR traders WAIT for. That Worker move against the Boss and Big Boss is just a corrective move so WHEN the Worker turns around with PASR into the Boss and Big Boss direction we get on board."

As I understand it, that is saying to look at the current trend of the big boss, and the boss, and to look for trades on the worker when it turns in that direction. Bearing in mind I've gone back to the taking small chunks recommended to those starting out, and I think you're a long way ahead of me in having a "feel" for the market.

I have, at least, stopped regularly taking trades directly into support or resistance. Only happens once in a while now.

EDIT: Just saw your later post #12,896, and re-reading it to try to "see" what you're talking about.
  • #12,899
  • Mar 10, 2020 1:19am Mar 10, 2020 1:19am
Quoting BeyondTheSea
{quote} February trade study: January month close, what am I looking at in February. Rub, where & when would you trade this? {image} Big Boss chart. levels left from worker study on this timeframe so you can see. {image} Boss Chart {image} The red lines are the start and end of January , you can figure out the blue lines. Remember data feeds are different so these are zones and dont need to be to the pip although it's staggering how accurate luck can be sometimes.. Worker Chart So using the power of timeframes and my own timing I have this.... {image}...
Now that I've had a good look at the post, I probably wouldn't have "seen" the price action on the big boss, although now you've pointed it out I can see the long wick followed by a hanging man type candle.
I would have noticed the bearish outside bars on the boss, and do have a similar level of resistance marked. Honestly I would have happily traded it and had it at least at break even from a trade management perspective, but I struggle to "see" it in real time.

Thanks for the detailed post, I know how long it takes to put all that up!
  • #12,900
  • Mar 10, 2020 1:54am Mar 10, 2020 1:54am
Quoting wtjfree
{quote} Hi Mhons, Would you mind explain the first entry? Should we expect the BEEB and BEOB rather than BUXX?
Hope it helps

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MH
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