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Strat's PASR Long Term, Stress Free Trading

  • #13,421
  • Edited 2:13am Sep 9, 2020 12:38am | Edited 2:13am
Quoting Cj.cn
Hi, Sanji {quote} 1st Do you really open a trade on demo account or just do a paper practice? If you have opened a trade, that is good. If you just do a paper practice, that waste your time. 2nd IMP, I would exit the trade and re-enter. see below pic. the 1st trade looks more like "SELL INTO SUPPORT" and it was against the trend of H4 (Boss) chart. So, you should be more carefully and move your sl more quickly. Just my own opinion and hindsights. {image}
Thanks for your feedbacks, CJ.
I am trading with demo account to improve my trading skills.

Green pips to you!
Best regards
Sanji

EDIT: I don't move my stop, I have 2 trades, 1 trade is taken profit.
  • #13,422
  • Sep 9, 2020 5:45am Sep 9, 2020 5:45am
GbpAud 5M PASR

Regards
Pete
Attached Image (click to enlarge)
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  • #13,423
  • Sep 9, 2020 6:54am Sep 9, 2020 6:54am
Quoting Mhons
{quote} Hello Rub, how is your trading? Nothing new here at all. Just enjoyed 2 month holidays and now back to work and trading. PASR is still the same even with CoVid around the world. Just ride PRICE and TREND as always. If anything let me know {image}
Hi MH,

Your entry looks great. Is this what Dr Joe told you. How do you get them?

Best regards
Sanji
  • #13,424
  • Sep 9, 2020 7:34am Sep 9, 2020 7:34am
GBPUSD 15M Demo Trade.

SS and BEEB break last support.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD15.png Size: 53 KB

Green pips to all!
Sanji
  • #13,425
  • Sep 9, 2020 8:08am Sep 9, 2020 8:08am
Quoting Sanji
{quote} Hi MH, Your entry looks great. Is this what Dr Joe told you. How do you get them? Best regards Sanji
IF you look to this chart more careful you will see more entries. It is only based on every trader plan and taste which entries will be trigger to ride PRICE

If you want analogy you could make few question and if answer is positive you will move to another question. If all questions are YES you will pull the trigger.

1. Are you trading with TREND (STRAT shadow color will help you here) YES/NO --> IF YES continue to next question
2. Do you have space for your TRADE (it means are you trading into Support/ressistance, Higher Timeframes,Round numbers help you here)
3. Is Momentum in TREND strong enough ( STRAT shadow shape help you here, candles help you here, PRICE swings help you here, TIME with moving PRICE help you here)
4. Also observe rubber band effect and TREND exhaustion ( search clues in both threads for it, also comes with experience) because you want to open trade with small risk and If PRICE is far away from STRAT this effect will take place and take out your SL

5. For now wait for Candlestick patterns at the end of retracement swing (learn hammer, shooting star, englufing and outside bar) and after all these steps are fullfilled and aswer is YES then you ENTER the MARKET and RIDE IT. If all is fullfilled you have best probality to gain MONEY, but remember it is still only PROPABILITY!

After 10 000 trades you will realize that only PRICE in realtime matters.I am still on my way to it.

Take care

MH
  • #13,426
  • Sep 9, 2020 8:44am Sep 9, 2020 8:44am
Quoting Mhons
{quote} IF you look to this chart more careful you will see more entries. It is only based on every trader plan and taste which entries will be trigger to ride PRICE If you want analogy you could make few question and if answer is positive you will move to another question. If all questions are YES you will pull the trigger. 1. Are you trading with TREND (STRAT shadow color will help you here) YES/NO --> IF YES continue to next question 2. Do you have space for your TRADE (it means are you trading into Support/ressistance, Higher Timeframes,Round...
Thanks for your feedback, MH!

I took a look at 1 min chart and felt confused that the Start Shadow changed colors continuously for a short time. It might take a long time to trade on 1 min chart and maybe they aren't for me.

Green pips to you!
Sanji
  • #13,427
  • Sep 10, 2020 1:22am Sep 10, 2020 1:22am
Quoting Sanji
AUDCAD 1H I am practicing with demo account. Best regards Sanji {image}
I've marked the one I would have taken. I'm not quite brave enough to take the straddle of the shadow! And I see you've had good feedback from Cj.cn

Quoting Mhons
{quote} Hello Rub, how is your trading? Nothing new here at all. Just enjoyed 2 month holidays and now back to work and trading. PASR is still the same even with CoVid around the world. Just ride PRICE and TREND as always. If anything let me know {image}
My trading is ok, I've mostly stopped jumping in, but I'm not really profitable either. Mostly sticking to the 4hr charts or above, but occasionally trying my hand at the first couple of hours of London, looking at the hourly for direction and S/R.

Quoting Lou
Are any members trading Daily, 4H using ATR to set SL and TP ? What setting ? I am using ATR 5
I only use ATR or ADR to work out if it's likly the pair has made it's move for the day when trading lower time frames.

Quoting Sanji
NZDJPY 1H Demo Trade {image} Green pips to all! Sanji
Quoting Sanji
GBPUSD 1H Demo Trade. Still running, swing down is not over yet. Trust Strat Shadow, trust the trend! {image} Green pips to all! Sanji
Both of those are good. The NZDJPY you've taken is almost exactly the kind of setup I like.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.jpeg Size: 352 KB
  • #13,428
  • Sep 10, 2020 2:50am Sep 10, 2020 2:50am
Quoting Rub
{quote} I've marked the one I would have taken. I'm not quite brave enough to take the straddle of the shadow! And I see you've had good feedback from Cj.cn {quote} My trading is ok, I've mostly stopped jumping in, but I'm not really profitable either. Mostly sticking to the 4hr charts or above, but occasionally trying my hand at the first couple of hours of London, looking at the hourly for direction and S/R. {quote} I only use ATR or ADR to work out if it's likly the pair has made it's move for the day when trading lower time frames. {quote} {quote}...
Thanks for your feedbacks, Rub!

Green pips to you!
Sanji
  • #13,429
  • Sep 10, 2020 6:09am Sep 10, 2020 6:09am
May I ask the strat shadow is MA 50 or 72 as I saw it is 50 in first page, but now that is 72, is there something I miss?

Thanks,
tcby
  • #13,430
  • Sep 10, 2020 12:29pm Sep 10, 2020 12:29pm
Quoting tcby
May I ask the strat shadow is MA 50 or 72 as I saw it is 50 in first page, but now that is 72, is there something I miss? Thanks, tcby
Strat changed it to 72 ema based on back testing / research ,...... so 9 , 20 and 72
  • #13,431
  • Sep 10, 2020 1:12pm Sep 10, 2020 1:12pm
Quoting Lou
{quote} Strat changed it to 72 ema based on back testing / research ,...... so 9 , 20 and 72
Thank you so much. I had followed strat for a few years at the beginning and left FX since 2014. Is there any big change in the system, such as the definition of big boss, worker, confluence, PASR or number change, like MA 72? I really appreciate your help.

Thanks,
Tcby
  • #13,432
  • Sep 10, 2020 1:39pm Sep 10, 2020 1:39pm
Quoting tcby
{quote} Thank you so much. I had followed strat for a few years at the beginning and left FX since 2014. Is there any big change in the system, such as the definition of big boss, worker, confluence, PASR or number change, like MA 72? I really appreciate your help. Thanks, Tcby
nothing changed
  • #13,433
  • Sep 10, 2020 8:00pm Sep 10, 2020 8:00pm
Quoting bistolis
{quote} nothing changed
Thank you
  • #13,434
  • Sep 12, 2020 6:55pm Sep 12, 2020 6:55pm
This was my last trade of the week. The 4hr and 1hr are clearly down, so I should probably have been looking to short, having said that I should've closed when there was no momentum following through on my long.
Attached Image(s) (click to enlarge)
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  • #13,435
  • Sep 13, 2020 4:45am Sep 13, 2020 4:45am
Quoting Rub
This was my last trade of the week. The 4hr and 1hr are clearly down, so I should probably have been looking to short, having said that I should've closed when there was no momentum following through on my long. {image} {image} {image}
pay attention to that
Attached Image

PA on the M5 speaks volumes at that spot. that is big selling pressure. take a look at how M15 looks like when you entered.
On top GBP is bearish the whole week, providing alot of opportunities to sell on GN GA GCAD.
  • #13,436
  • Sep 13, 2020 4:50pm Sep 13, 2020 4:50pm
Quoting bistolis
{quote} nothing changed
Just to clarify. Strat did first use the 50 ema . I was following him when he made the change to the 72 ema. He had a technician at the time, doing backtesting whom Strat said advised him to make the change.
  • #13,437
  • Sep 14, 2020 2:13am Sep 14, 2020 2:13am
AUDCAD 1H Demo Trade
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD1H.png Size: 65 KB

Green pips to all!
Sanji
  • #13,438
  • Sep 14, 2020 3:25am Sep 14, 2020 3:25am
Attached Image (click to enlarge)
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  • #13,439
  • Sep 15, 2020 3:23am Sep 15, 2020 3:23am
Quoting bistolis
{quote} pay attention to that {image} PA on the M5 speaks volumes at that spot. that is big selling pressure. take a look at how M15 looks like when you entered. On top GBP is bearish the whole week, providing alot of opportunities to sell on GN GA GCAD.
Now you've pointed at it I saw exactly what you're talking about immediately. I just can't seem to do it at the time.

As for the GBPCAD trade, I was trying to see where you drew the resistance from and couldn't see where. Was it from the daily chart?
  • #13,440
  • Sep 15, 2020 4:51am Sep 15, 2020 4:51am
Quoting Rub
{quote} Now you've pointed at it I saw exactly what you're talking about immediately. I just can't seem to do it at the time. As for the GBPCAD trade, I was trying to see where you drew the resistance from and couldn't see where. Was it from the daily chart?
To be honest I just took profits and closed the platforms.
I would have loved to wait for price to reach the top of the shadow but I just couldnt keep an eye on the charts so I just closed the positions ( including a couple on GU)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB

I didnt draw any resistance though on the chart
Similar PA today by the way and I failed to notice and took 2 small losses on GC
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