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Strat's PASR Long Term, Stress Free Trading

  • #13,161
  • May 18, 2020 7:35am May 18, 2020 7:35am
Looks like everyone has full pockets of money ) Thatīs good

Just reminder with proper risk and money management you need 1 day like this in month.

Stay safe in these hard times

MH

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  • #13,162
  • May 19, 2020 2:02am May 19, 2020 2:02am
Quoting Mhons
Looks like everyone has full pockets of money ) Thatīs good Just reminder with proper risk and money management you need 1 day like this in month. Stay safe in these hard times MH {image}
Not me sadly. Build my account back up to over the 50% of the initial deposit last month, but my last 8 trades have wiped that. If I blow this account, I think that will have to be it, time to walk away.

Stupid thing is I doubled the initial deposit the last few months of last year, then got greedy and lost it all.

Pretty much hit a point in life I haven't got a clue what to do if I can't make a go of this trading business. Maybe I should take off and be a sleazy expat somewhere warm year round.
  • #13,163
  • May 19, 2020 3:06am May 19, 2020 3:06am
Quoting Rub
{quote} Not me sadly. Build my account back up to over the 50% of the initial deposit last month, but my last 8 trades have wiped that. If I blow this account, I think that will have to be it, time to walk away. Stupid thing is I doubled the initial deposit the last few months of last year, then got greedy and lost it all. Pretty much hit a point in life I haven't got a clue what to do if I can't make a go of this trading business. Maybe I should take off and be a sleazy expat somewhere warm year round.

Don't give up mate!!! Always make sure to try one more time. Go back to demo again. I will not give up. I spent last 3 years learning and studying not only this thread but others too. Thats the one i like most. Try different time frames lower your goals a little bit that will help for sure. In my opinion start to test on simulators. Some people say that they dont help but this aint true. It helped me a lot. Its will help you to gain confidence and skill faster. I just got finished testing 11 pairs for 2 weeks on 4hr chart worker, daily boss and wk big boss for 2018 year. Most of them reached my goal of 3-6% growth each. Try daily time frames. Where do you think you struggle most?
You attract what you think in any area of life, relationships and trading!
  • #13,164
  • May 19, 2020 3:15am May 19, 2020 3:15am
Quoting Eushev24
{quote} Don't give up mate!!! Always make sure to try one more time. Go back to demo again. I will not give up. I spent last 3 years learning and studying not only this thread but others too. Thats the one i like most. Try different time frames lower your goals a little bit that will help for sure. In my opinion start to test on simulators. Some people say that they dont help but this aint true. It helped me a lot. Its will help you to gain confidence and skill faster. I just got finished testing 11 pairs for 2 weeks on 4hr chart worker, daily boss...
Also make sure you write a journal and write down everything. Statistics is the way to do it. I have never believed in the statement "do not trade in the WCC". I did it. After the review i saw that is not worth it for me. Thats the way to do it! Test it and prove to yourself what is working and what is not. If you keep a journal it will be easier to find where do you struggle most. I did the same thing. I proved myself that is not a good idea to trade against the big boss or Strat shadow. That helped me a lot and i started to make less and less mistakes and my total number of losses dropped. What's your money management? Thats important too!
You attract what you think in any area of life, relationships and trading!
  • #13,165
  • May 19, 2020 4:58am May 19, 2020 4:58am
Quoting Rub
{quote} Not me sadly. Build my account back up to over the 50% of the initial deposit last month, but my last 8 trades have wiped that. If I blow this account, I think that will have to be it, time to walk away. Stupid thing is I doubled the initial deposit the last few months of last year, then got greedy and lost it all. Pretty much hit a point in life I haven't got a clue what to do if I can't make a go of this trading business. Maybe I should take off and be a sleazy expat somewhere warm year round.
The good thing is that you found out problems. Harder part will be to not make them again. Usually trading affects also other life goals and part of life that you not even think of before. I hope that this is the case and as we say in our country everything bad is also good for something ( I am not sure here about translation).

Take a break maybe for a while as you wrote. Also is there any possibility how we (I) could help you? If yes post some charts or notes from journal.

Stay safe mate

MH
  • #13,166
  • May 19, 2020 5:05am May 19, 2020 5:05am
Hey family i have been a member here at FF for a long time and wanted to give back with a tool that has changed me from a losing trader to a winning trader, and that is mindset...i hope you all have a successful trading career.....


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  • #13,167
  • May 19, 2020 5:12am May 19, 2020 5:12am
Quoting Mhons
Looks like everyone has full pockets of money ) Thatīs good Just reminder with proper risk and money management you need 1 day like this in month. Stay safe in these hard times MH {image}
hi, As usual, you are still cool
I have 2 questions for you
Question 1: You bought at resistance (black box number 1)
Question 2: You bought when the price was very close to resistance (black box # 2)
Can you explain 1.2 transactions?
thank you?
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  • #13,168
  • May 19, 2020 5:26am May 19, 2020 5:26am
Quoting Rub
{quote} Not me sadly. Build my account back up to over the 50% of the initial deposit last month, but my last 8 trades have wiped that. If I blow this account, I think that will have to be it, time to walk away. Stupid thing is I doubled the initial deposit the last few months of last year, then got greedy and lost it all. Pretty much hit a point in life I haven't got a clue what to do if I can't make a go of this trading business. Maybe I should take off and be a sleazy expat somewhere warm year round.

looks like you wiped out 50% of the initial deposit(correct me if I am wrong) ,and that is for just 8 trades. means you risking more than 6% per trade. thats not a sound money management.
Focus, Patience, Discipline, Determination and Perseverance
  • #13,169
  • May 19, 2020 6:39am May 19, 2020 6:39am
Quoting DuaCaMamMuoi
{quote} hi, As usual, you are still cool I have 2 questions for you Question 1: You bought at resistance (black box number 1) Question 2: You bought when the price was very close to resistance (black box # 2) Can you explain 1.2 transactions? thank you? {image}
Good points!

First: these trades were only addons to already opened trade in direction of TREND so PRICE allowed me to open another positions with fixing total risk. so after 1-2-3 correction known as swing trap (you could find it at old thread PASR I guess) and when you check momentum on this TREND, PRICE usually move more than to first ressistance so I assumed that this is only trap for bears and when I saw this beaty clear bullish engulfing (which I liked most) at the end of this trap I gave it a shot ( but yes this is my style and in the beginning I would not trade it better wait till PRICE moved above ressist and retest it for more safe signal-blue line)

Second: in clear trend after double bottoming at minor support with still more than 3:1 risk reward to last ressistance that PRICE going ahead and as addon (not initial trade) with positions locked there is no doubt afterward that it was a good call even there was a possibility that trend might get exhausted and trend will end

Hope it helps it is hard to explain my thougts afterall

Stay safe trade well

MH
  • #13,170
  • May 19, 2020 7:50am May 19, 2020 7:50am
Quoting Rub
{quote} Not me sadly. Build my account back up to over the 50% of the initial deposit last month, but my last 8 trades have wiped that. If I blow this account, I think that will have to be it, time to walk away. Stupid thing is I doubled the initial deposit the last few months of last year, then got greedy and lost it all. Pretty much hit a point in life I haven't got a clue what to do if I can't make a go of this trading business. Maybe I should take off and be a sleazy expat somewhere warm year round.
Hang in there Rub. Remember the saying: It's always darkest before the dawn.

Maybe go back to paper trading for a bit until you figure out where the problem lies. As Mhons said, post some charts and let's see if we can help.

Regards
Pete
  • #13,171
  • May 19, 2020 1:11pm May 19, 2020 1:11pm
Quoting Rub
{quote} Not me sadly. Build my account back up to over the 50% of the initial deposit last month, but my last 8 trades have wiped that. If I blow this account, I think that will have to be it, time to walk away. Stupid thing is I doubled the initial deposit the last few months of last year, then got greedy and lost it all. Pretty much hit a point in life I haven't got a clue what to do if I can't make a go of this trading business. Maybe I should take off and be a sleazy expat somewhere warm year round.
I recommend read or listening TITZ just take a break of trading. It seems that you are going to level up soon.
  • #13,172
  • May 19, 2020 3:10pm May 19, 2020 3:10pm
From another batch of PASR. I am also interested in shares. Main reason is diversifications of my portfoilo. Some of are for dividends some for speculating but that is different story. What I want to share and show for those who still not trust in PASR.

Problem is that most of the people do not trust PRICE ACTION because they did not study it deeply. They did not take time to learn and focus on it! Just tried it threw it into basket and said it did not work. It is the same like you could put chart of temperature and you could still draw support /ressistance swings trends BUT IT IS NOT because PEOPLE moving market not global warming or weather or whatever.

People emotions buys/sells fear, happiness, tweets, BIG BOYS but all of these aspects are connected to humanity and from past we could learn for future and THIS IS CALLED FOOTSTEPS IN THE SAND. So PASR is product of people behaviour, someone thinks it is chaos no it is not . It is human behaviour in past that indicate us future possibilities when we observe it well.

So to the point I always wanted to have in my portfolio TESLA shares not because of poor P/E ration or Musk or his special behaviour. Just because I am fan of electricity and human progress and space programms etc. Problem was that PRICE was really high for me so I told myself. Hey I trust in PASR so what it tells me. If will come some crisis and we will get correction I will buy TESLA into my protfolio.

Thatīs all just check monthly/weekly/daily coincidance? I donīt think so.

Trust in PASR trust in YOU.

Trade safe and prosper

MH

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  • #13,173
  • May 19, 2020 5:35pm May 19, 2020 5:35pm
Quoting Eushev24
{quote} Also make sure you write a journal and write down everything. Statistics is the way to do it. I have never believed in the statement "do not trade in the WCC". I did it. After the review i saw that is not worth it for me. Thats the way to do it! Test it and prove to yourself what is working and what is not. If you keep a journal it will be easier to find where do you struggle most. I did the same thing. I proved myself that is not a good idea to trade against the big boss or Strat shadow. That helped me a lot and i started...
Please explain the bold underlined statement. Or do you mean " do not trade in the Strat Shadow " ?
  • #13,174
  • May 20, 2020 7:23am May 20, 2020 7:23am
5M PASR Trades Today

Since I have more time om hand at the moment I want to use it to practice Strat's 5Min Trend Trading strategy. Still on training wheels on this time frame though but let's see how it goes...not that easy on the hard right edge.


GbpAud add-on sucked. Otherwise the trade worked fine reaching my target.
EurCad stopped out.
EurNzd and AurAud closed manually as I could no longer monitor the charts

Pete
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  • #13,175
  • May 20, 2020 7:55am May 20, 2020 7:55am
Quoting Mhons
Problem is that most of the people do not trust PRICE ACTION because they did not study it deeply. They did not take time to learn and focus on it! Just tried it threw it into basket and said it did not work. {image}
Hi Mhons

Agreed. And the only way to learn to trust PASR is by spending time studying the charts and practise, practise, practise. AS Strat said it takes on average 3 years spending thousands of hours studying the charts. One must put in the effort to reap the reward.

Pete
  • #13,176
  • May 20, 2020 9:12am May 20, 2020 9:12am
Quoting JCMPete
{quote} Hi Mhons Agreed. And the only way to learn to trust PASR is by spending time studying the charts and practise, practise, practise. AS Strat said it takes on average 3 years spending thousands of hours studying the charts. One must put in the effort to reap the reward. Pete
I agree with the views of Mhons and Pete
one must look at price behavior but must not infer price behavior in its sole discretion
  • #13,177
  • May 20, 2020 9:26am May 20, 2020 9:26am
I also have 1 win: EJ
and 1 loser today: GA
with GA loss: I find that the BEOB / BUOB candlestick pattern is often very unreliable to open a trade, especially the previous candlestick withdrew.
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  • #13,178
  • May 20, 2020 9:29am May 20, 2020 9:29am
Quoting DuaCaMamMuoi
I also have 1 win: EJ and 1 loser today: GA with GA loss: I find that the BEOB / BUOB candlestick pattern is often very unreliable to open a trade, especially the previous candlestick withdrew. {image} {image}
Why did you not enter in these sore thumbs trades red marked?

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  • #13,179
  • May 20, 2020 6:03pm May 20, 2020 6:03pm
Quoting Mhons
{quote} Why did you not enter in these sore thumbs trades red marked? {image}
hi mhons, thanks for the comment
At the first 2 signals on GA M5:
- I observed H1 and found that the price is moving in H1MC with long drawn candlesticks, the bearish momentum is weak
at the 3rd signal:
- I see that a 123 exit with 2 BUEB candles represents big buyers (black boxes number 3, 4), so I didn't go in after that.
Mhon or someone, can you help me correct my mistake?
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  • #13,180
  • May 21, 2020 8:11pm May 21, 2020 8:11pm
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Focus, Patience, Discipline, Determination and Perseverance
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