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Strat's PASR Long Term, Stress Free Trading

  • #14,301
  • Apr 11, 2021 2:25pm Apr 11, 2021 2:25pm
Quoting strat
For those wondering what happened to the pizza man, he took a trip for Easter: The Italian man went to a restaurant in Malta and wanted two pieces of toast. The waiter gives him only one and the Italian man says (in a thick accent), "I want two piece." The waiter replies, "Go to the toilet." The man says, "You no understand I want two piece on my plate." Then the waiter says, "You'd better not piss on the plate you son of a bitch!" The man says, "I did not even know her and she calls me a Son of a Beach?" Then he goes to a bigger restaurant and...
For those that cant imitate the italian accent
Inserted Video
  • #14,302
  • Apr 11, 2021 4:28pm Apr 11, 2021 4:28pm
Quoting FraterRedox
{quote} You do not need to pay for TradingView. I use free version, have free account. Charting doesnt get lost.
Will check it out then - the free account
Appreciate the support

Emeka
  • #14,303
  • Apr 11, 2021 8:42pm Apr 11, 2021 8:42pm
Quoting 2hpriest
{quote} Funny enoug Coach, I do not use indicators except for the EMA's (Strat shadow) on my chart. All the people i have spoken to cannot place what the really cause is. I guess my last resort is to check with my broker. Appreciate you Emeka
Close mt4 first and then shut down. do not turn off with the mt4 open
  • #14,304
  • Apr 11, 2021 8:54pm Apr 11, 2021 8:54pm
Quoting 2hpriest
Happy weekend to you all. I am having a little challenge with my MT4 platform. Surprisingly, everytime i shutdown my laptop, all the chartting on my chart (support n resistance, Trendlines, colours, etc) goes off. What this is doing to me is that i have to start afresh again gathering my thoughts, It does not allow me to continue from where i stopped in my though process, trade planning and execution. So if anyone knows what i can be doing to ensure that what i draw on the chart remains on it the next day, please let me know. I dont have funds for...

Try to save your studies to a template file, when you restart reload the template. so your studies will remain.
Focus, Patience, Discipline, Determination and Perseverance
  • #14,305
  • Apr 11, 2021 10:41pm Apr 11, 2021 10:41pm
Quoting 2hpriest
{quote} Funny enoug Coach, I do not use indicators except for the EMA's (Strat shadow) on my chart. All the people i have spoken to cannot place what the really cause is. I guess my last resort is to check with my broker. Appreciate you Emeka
Why not you save your indicators and templates etc and download a new MT4 platform again.
  • #14,306
  • Apr 12, 2021 6:24am Apr 12, 2021 6:24am
Quoting 2hpriest
{quote} Will check it out then - the free account Appreciate the support Emeka
Yea, do that. Impossible to regret.

It is very comfortable to do charting, save/upload your charts, trading ideas etc (can record a stream too) - private or public, direct Twitter share if you want etc.

I have used priced version too, but didnt see any need´to continue. U can use trial to find out and if you like it, wait for a black friday to get it real cheap.
Markets will move to the right.
  • #14,307
  • Apr 12, 2021 10:50am Apr 12, 2021 10:50am
TradingView is the best platform. Mt4 is just old and not regularly updated .. I hate that it doesn’t support dual or triple screen.
You attract what you think in any area of life, relationships and trading!
  • #14,308
  • Apr 12, 2021 12:16pm Apr 12, 2021 12:16pm
you can undock the charts outside MT4 platform and place them on second, third monitor. But you need special script(indicator) to support this functionality.

Quoting Eushev24
TradingView is the best platform. Mt4 is just old and not regularly updated .. I hate that it doesn’t support dual or triple screen.
  • #14,309
  • Apr 12, 2021 12:28pm Apr 12, 2021 12:28pm
Type IBFX undock chart for mt4 into google. I use it. Works really well
  • #14,310
  • Apr 12, 2021 12:42pm Apr 12, 2021 12:42pm
Quoting Vinkov
you can undock the charts outside MT4 platform and place them on second, third monitor. But you need special script(indicator) to support this functionality. {quote}
sorry I didn’t mean that. I want to say to have three different timeframes on the same screen and same instrument with shared drawings and time
You attract what you think in any area of life, relationships and trading!
  • #14,311
  • Apr 12, 2021 12:43pm Apr 12, 2021 12:43pm
Only fake gurus use 10 monitors.
You attract what you think in any area of life, relationships and trading!
  • #14,312
  • Apr 12, 2021 1:19pm Apr 12, 2021 1:19pm
sorry
I use Tradingview and have 2 monitors. More than enough.
Tradingview is great, excellent charting etc.
I use MT4 only for executions, no more.

Quoting Eushev24
{quote} sorry I didn’t mean that. I want to say to have three different timeframes on the same screen and same instrument with shared drawings and time
  • #14,313
  • Apr 12, 2021 3:42pm Apr 12, 2021 3:42pm
Hi guys,
i am currently watching the EurUsd,
weekly closed very nicely with the close being above the body of the candle 21/03/2021.
watching the daily time frame for a pull back and a close over the 50EMA and 200Ema (i know this is not the strat shadow, happy to remove if this causes offence)

what is you guys thought on this ? any feedback is welcome.

Craig
Attached Image(s) (click to enlarge)
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  • #14,314
  • Apr 13, 2021 2:05am Apr 13, 2021 2:05am
Quoting irishcraig09
Hi guys, i am currently watching the EurUsd, weekly closed very nicely with the close being above the body of the candle 21/03/2021. watching the daily time frame for a pull back and a close over the 50EMA and 200Ema (i know this is not the strat shadow, happy to remove if this causes offence) what is you guys thought on this ? any feedback is welcome. Craig {image} {image}

This is one pair I am watching for a pullback and trade in the direction of the boss/big boss.
  • #14,315
  • Apr 13, 2021 10:33am Apr 13, 2021 10:33am
GBPJPY M5

As is often the case, the trending action was in London leaving crumbs for us NY traders so forget Trend Trading and move to BASIC PASR.

BASIC PASR

Managed to grab what action there was left but only for 0.87% profit.

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,316
  • Apr 13, 2021 2:05pm Apr 13, 2021 2:05pm
Quoting strat
GBPJPY M5 As is often the case, the trending action was in London leaving crumbs for us NY traders so forget Trend Trading and move to BASIC PASR. BASIC PASR Managed to grab what action there was left but only for 0.87% profit. {image}
excellent trade, I am enjoying quietly your new posts.
MA provides the market's current direction and strength.
  • #14,317
  • Apr 14, 2021 4:55am Apr 14, 2021 4:55am
Its morning here in Nigeria.
I am trully wowed by the show of support (as Strat will succinctly put it) -traders helping traders.
I may have to go through eash of the suggestions to get out the best for me at the end.
I appreciate you - Bazzza, Eushev24, FraterRedex, Corinna, Suran, PipTracy and ofcourse my indefatigable mentor -Strat.
You guys rock.
Back to reading and understanding the chart class.
Good morning.

Emeka
  • #14,318
  • Apr 14, 2021 6:47am Apr 14, 2021 6:47am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Quoting irishcraig09
Hi guys, i am currently watching the EurUsd, weekly closed very nicely with the close being above the body of the candle 21/03/2021. watching the daily time frame for a pull back and a close over the 50EMA and 200Ema (i know this is not the strat shadow, happy to remove if this causes offence) what is you guys thought on this ? any feedback is welcome. Craig {image} {image}
Mine is an illustration of what one sees as different from what the market gives.
When i entered this trade,
I had seen on the BB, what looked like the readiness of sellers to take back the reign of power with the price refusing to make a HH after the last December close.
It appeared as if the impulsive bullish drive was coming to a close but i forgot that after an impulsive drive, there will be correction/ pullback before the resumption.
Its that pullback/correction that is about to take me out soon.


On the Boss, i saw the continuation of the BB primary trend, so i looked to sell only. Where i chose to enter the trade showed that i am yet a learner. On hindsight, there was a clear PASR signal of a Shooting Star at the close of last week in February which ended with a Hammer opening week of April. This signified a close of all sells and resumption of buys but like all inexperiensed trader who rather cut short winners and hold on to losing trades, i am still on it.

The worker showed its readiness to follow the sellers sentinent or bias as already seen in the BB and Boss, by giving its PASR Shooting Star signal on the 23rd of February followed by a strong BEEB the next day. I rather chose to follow the FOMO path after realising late what the market was doing and sold directly into a congested zone- 1.17067 support area.
Worker alerted discerning traders with a confirmed swing low (that made a HL from the last low) on the 2nd of April but i chose not to see it. Its already a loss trade for me even with Lagarde of ECB and Powell of Feds speech later today, the bullish sentiments cannot easily be wished away.

A look at my bleeding account is rudely reminding me that the tenets PASR as taught by Strat and others in this forum remains the panacea for successful trading.
No matter how long it takes me, i have come this far, i will eventual grab this skill soon.

Thank you
  • #14,319
  • Apr 14, 2021 10:53am Apr 14, 2021 10:53am
Traded like a rank amateur this morning! I miss my M5 trends and only managed 0.58% Profit. Tomorrow is another day!

GBPUSD M5 BASIC PASR

Was busy watching other pairs so I missed the PASR entry and entered 5 minutes late. Compounded this error by not watching this chart as PRICE approached what I thought would be the smart money target at 1.38 so was late again in seeing PRICE exhaustion.

Attached Image (click to enlarge)
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GBPJPY M5 BASIC PASR

Same as GBPUSD, I missed my PASR entry!

Attached Image (click to enlarge)
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Meanwhile, while dicking around with GBPUSD and GBPJPY, I completely missed the PASR trend continuation of GBPAUD and GBPNZD. I guess I didn't have my head in gear today!

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,320
  • Apr 14, 2021 11:14am Apr 14, 2021 11:14am
Quoting 2hpriest
A look at my bleeding account is rudely reminding me that the tenets PASR as taught by Strat and others in this forum remains the panacea for successful trading. No matter how long it takes me, i have come this far, i will eventual grab this skill soon. Thank you
We all go through/have gone through what you are going through now. Look back at Terry - he was where you are BUT look at where he is now. Don't give up, continue with perseverance and understanding and you will get there.

So here is my take on your trade.

Starting with the Monthly, look at the blue lines - they are all UP. The horizontal line is a continuation of the top of the Strat Shadow. There is nothing on this chart to tell you to sell.
Attached Image (click to enlarge)
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Toggle this chart down to the Weekly and again, there is nothing to tell you to sell, in fact it is telling you to look for buys.
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Toggle this same chart down to the Daily and there are the same three thick blue lines confirming buy trades. The thin blue line is the D1 UP trend line. The beige rectangle is D1 support.
Attached Image (click to enlarge)
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Study these and see where you went wrong.
15 YEARS OF PASR ON FOREX FACTORY!
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