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Strat's PASR Long Term, Stress Free Trading

  • #14,341
  • Apr 19, 2021 1:33am Apr 19, 2021 1:33am
Quoting strat
{quote} I wanna to learn your system, but i dunno where to start Start by STOPPING YOUR SEARCH FOR THE HOLY GRAIL! The HOLY GRAIL only exists when you look in the mirror! Find a strategy that suits your personal style, time frame and trading times and conditions. Then learn it and understand it until you can trade it with your eyes closed. Among all the garbage on public trading forums, FF included, there are some good strategies BUT whether you can be profitable trading them is 100% about how YOU understand and trade them. There is no black box...
Thank you very much for your advice i use the demo on forex.com and it is very close or the same as real market, so that why i have never got an consitency profit.
I wanna to learn your system, and could you tell me what should i start first. Should i read your hold former thread (the old one since 2009) or just need to read this thread only.
Thank you very much
I just need some advice because without orientation i can not improve my trading skill even on demo.
Best regard
  • #14,342
  • Apr 19, 2021 3:11am Apr 19, 2021 3:11am
Quoting potay90
{quote} Thank you very much for your advice i use the demo on forex.com and it is very close or the same as real market, so that why i have never got an consitency profit. I wanna to learn your system, and could you tell me what should i start first. Should i read your hold former thread (the old one since 2009) or just need to read this thread only. Thank you very much I just need some advice because without orientation i can not improve my trading skill even on demo. Best regard

Start with the older thread. There's answers to most questions in there. Feel free to ask questions here.
  • #14,343
  • Apr 19, 2021 12:55pm Apr 19, 2021 12:55pm
Quoting potay90
{quote} Thank you very much for your advice i use the demo on forex.com and it is very close or the same as real market, so that why i have never got an consitency profit. I wanna to learn your system, and could you tell me what should i start first. Should i read your hold former thread (the old one since 2009) or just need to read this thread only. Thank you very much I just need some advice because without orientation i can not improve my trading skill even on demo. Best regard
If you can't understand and follow instructions then you have no chance of being successful (profitable) in trading (or anything in life).

Finally forget about demo trading as it gives you a false sense of being profitable. All brokers MANIPULATE their demo platforms to make you look good so that you will over trade and fill their account with your commissions.

Trade a LIVE account with real money BUT with the smallest lot size your broker has - Forex.com smallest lot size is 0.01 = 10 US Cents. If you can't afford that you should not be trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,344
  • Apr 20, 2021 2:16am Apr 20, 2021 2:16am
Quoting strat
{quote} If you can't understand and follow instructions then you have no chance of being successful (profitable) in trading (or anything in life). Finally forget about demo trading as it gives you a false sense of being profitable. All brokers MANIPULATE their demo platforms to make you look good so that you will over trade and fill their account with your commissions. Trade a LIVE account with real money BUT with the smallest lot size your broker has - Forex.com smallest lot size is 0.01 = 10 US Cents. If you can't afford that you should not be...
Thank you very much for your advice, i think it is a time for me to move in live market with small vollume size
Best regard
  • #14,345
  • Apr 21, 2021 3:17am Apr 21, 2021 3:17am
Quoting strat
Long Term PASR charts. Strat Shadow removed for clarity. {image}{image}{image}{image}{image}{image}
I have adjusted my charts accordingly to try to see what the long term outlook is showing me.
This is the Strat of old as we know you.
Thank you Coach.
  • #14,346
  • Apr 21, 2021 3:30am Apr 21, 2021 3:30am
Quoting TerryDawe
{quote} I know Strat has already provided his feedback on your charts but I would also like to do so. In long term trading we are trading the Primary trend of the Boss. Per the attached charts we can see that although the Boss Dominant trend is up, the primary turned down after the close below the shooting star the week of January 3rd. This is based solely on the shooting star and not using Weekly Control Candles. Any trade on the worker following that is with the Boss Primary trend. Several add on short opportunities presented themselves on the...
I appreciate this TerryDawe,
especially with your interest in helping me out on this path.
For clarity purpose, when you say Boss swing confirmed down (or up) you are invariably saying a Confirmed Swing High (or Low), right?

Thank you
  • #14,347
  • Apr 21, 2021 9:36am Apr 21, 2021 9:36am
Quoting 2hpriest
{quote} I appreciate this TerryDawe, especially with your interest in helping me out on this path. For clarity purpose, when you say Boss swing confirmed down (or up) you are invariably saying a Confirmed Swing High (or Low), right? Thank you
Correct
  • #14,348
  • Apr 23, 2021 10:03am Apr 23, 2021 10:03am
Not my typical 3 hours M5 trading!

So, last Friday was a gung ho trend day and, as usual, today was a damp squib, very damp, day.

I don't normally trade EURUSD, and probably will not again (unless it is in a rip roaring trend) as it is 18th on my Volatility List. GBP pairs were stuck in tight ranges while EUR pairs were trending.

I didn't expect much on EURUSD as PRICE was approaching Daily and Weekly highs but I at least expected a touch of the Daily high. Since PRICE stalled as it approached the Daily high, I exited stage left.

I did see EURCAD breaking out but I was already loaded up on EURUSD and did not want to double up on EUR.

So..................only 0.21% Profit with a 10 pip SL and 5 pip draw down - my style of trading except for the %Profit but $$ are $$ and compound daily as long as the Big Boss doesn't need shopping money!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,349
  • Apr 27, 2021 10:13am Apr 27, 2021 10:13am
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3.2% Profit, 10 pip SL, 7 pip draw down on crappy PA
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,350
  • May 1, 2021 6:14am May 1, 2021 6:14am
Hello to all! I wanted to say thank you to strat, and anyone who has contributed to this thread, as it has made me a profitable trader from scratch. I have a few questions, and hope that it is ok to group them together in a single post? Here goes...

1) I have read, internalised and successfully practiced all the information in the archived stratsforextrading.com - Is that all the information required, or are there other resources and information that is recommended?

2) I have already begun reading this thread, and will undoubtedly read every single post to the end - Will this serve to confirm the information found in stratsforextrading.com, or are there new concepts introduced?

3) Some threads have people suggesting that trading is "harder" now in 2021, than it was around 2009, perhaps due to shorter trends or different market conditions - Can anyone who has traded since 2009 confirm if this has any truth to it, or is it an excuse made my struggling traders?

Thanks to anyone in advance who takes the time to answer
  • #14,351
  • May 1, 2021 7:28pm May 1, 2021 7:28pm
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  • #14,352
  • Edited 8:34am May 2, 2021 8:19am | Edited 8:34am
Quoting Rub
{image}{image}{image}
BB still up
Boss still up and price within WCC
Worker shadow supporting price for now
Bearish candle Friday stopped right at shadow and support area


Regards
Terry
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  • #14,353
  • May 2, 2021 8:47am May 2, 2021 8:47am
After a week of erratic PA in NY M5, I decided to give Friday trading a miss - what a mistake! This was the day GBP pairs went on a trend run - without me. Oh well, there is always tomorrow, next week, next month, next year, next.............The week and the month was, as always. still profitable.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,354
  • May 2, 2021 9:00am May 2, 2021 9:00am
Quoting strat
After a week of erratic PA in NY M5, I decided to give Friday trading a miss - what a mistake! This was the day GBP pairs went on a trend run - without me. Oh well, there is always tomorrow, next week, next month, next year, next.............The week and the month was, as always. still profitable. {image} {image} {image} {image} {image}
Thanks for the post Strat,

As always these continue to demonstrate PASR at its finest.

Regards
Terry
  • #14,355
  • May 2, 2021 9:04am May 2, 2021 9:04am
Took a long on the CADJPY last week on the move up out of the worker shadow and exited at target.
Left a little on the table but stuck to plan.
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  • #14,356
  • May 2, 2021 9:23am May 2, 2021 9:23am
PASR on AUDCAD worker last Tuesday, closed at EOD Thursday when price stalled. Didn't hit my planned target but didn't want to hold overnight into Friday which was a mistake. Still content with the result but I do need to work on sticking to my plan.

Entry on move through bottom of worker shadow below low of previous BEEOB.
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  • #14,357
  • Edited 10:20am May 2, 2021 9:56am | Edited 10:20am
Quoting Ascarii
Hello to all! I wanted to say thank you to strat, and anyone who has contributed to this thread, as it has made me a profitable trader from scratch.
Welcome!

1)I have read, internalised and successfully practiced all the information in the archived stratsforextrading.com - Is that all the information required, or are there other resources and information that is recommended?

That was a summary of PASR written for the website, so, as you are doing, read both threads starting with the original 2009 one. Yes, there is a lot of repetition but that is what you need - like muscle memory. In addition, read all you can on trading psychology as this is what determines your profitability. Specifically, learn and understand how to control your trading emotions - greed, fear, when to pull the trigger, when to enter, when to exit and, very important, when NOT TO TRADE. Reading and understanding is good but is of no use unless you put it into practice so feel free to post your analysis and trades.

2) I have already begun reading this thread, and will undoubtedly read every single post to the end - Will this serve to confirm the information found in stratsforextrading.com, or are there new concepts introduced?

There are no new concepts in PASR as trading support and resistance is as "old as the hills". PASR takes that a step further by identifying when and how to trade the different market types - Range bound (Basic PASR), Swings (PASR Swing Trading) and Trending (PASR Trend Trading). The only change in PASR was the change of the long term moving average of the Strat Shadow early on in the thread. Since then, nothing has changed (only us traders getting older, more experienced and wealthier).

3) Some threads have people suggesting that trading is "harder" now in 2021, than it was around 2009, perhaps due to shorter trends or different market conditions - Can anyone who has traded since 2009 confirm if this has any truth to it, or is it an excuse made my struggling traders?

To be successful in trading you have to find a method/strategy/system that you believe in, is compatible with your personality and , very important, fits your style and time constraint of trading. Once you find this, learn it like no other - inside out, upside down and every which way until you can just look at a chart and know what to do.

When you do this, you will be so focused on your chosen method/strategy/system that you have no desire, need or time to look at other threads, forums, styles of trading or outside 3rd party media. When you "stray" on to other threads, forums or other trading related subjects, you are losing focus and this is where trading psychology "plays" with your mind - there is an old saying - "the grass is not greener on the other side" - I know this from experience in my personal life, my past career and my trading. If you find yourself looking at other threads then you have lost focus, belief and confidence and so the slippery downward slope begins until you disappear up your own chuff.

Your statement IS an excuse given by losing traders and, new, inexperienced traders. It is true that computerised and now, algo trading, had an impact on the markets but the fact remains - nothing or no-one can do anything without leaving traces (footprints) behind. The question impacts short term traders (tick, M1 and M5) more than long term traders (D1, W and M) but again, that is because of timing rather than market structure.

Trading PASR is no "harder" today than it was back in 2009 or earlier when I first started trading this concept. PASR trading is akin to waves on the Ocean - the ripples, the swells and the waves, until they disappear, PASR will always trade them. There will always be ranges, swings and trends but the when and where is out of OUR control and changes with news, geo-politics, events, war, natural disasters and the like.

The bottom line is that PASR traders TRADE in the footsteps of SMART MONEY - the Big Boys - we do not lead - WE FOLLOW. Trading PASR will always be profitable until Smart Money finds a way of trading without leaving traces (footprints) behind.

Hope this helps and feel free to ask more questions.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,358
  • May 2, 2021 10:15am May 2, 2021 10:15am
Quoting TerryDawe
PASR on AUDCAD worker last Tuesday, closed at EOD Thursday when price stalled. Didn't hit my planned target but didn't want to hold overnight into Friday which was a mistake. Still content with the result but I do need to work on sticking to my plan. Entry on move through bottom of worker shadow below low of previous BEEOB. {image} {image}
10 out of 10 Terry, go to the top of the class!

Still content with the result but I do need to work on sticking to my plan.

Small point, Terry - Make sure it is following your PLAN and not greed kicking in. It looks like you took profits mid day - from H4? - make sure you know which time frame you are trading.

So, while I was tearing my hair out trying to trade M5 GBP sawdust this week, you were making bank, trading D1 AUDCAD - good for you - beating the master at his own game! Just goes to show how versatile and adaptable PASR trading is.

Thank you Terry
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,359
  • May 2, 2021 11:10am May 2, 2021 11:10am
Quoting strat
{quote} Welcome! 1)I have read, internalised and successfully practiced all the information in the archived stratsforextrading.com - Is that all the information required, or are there other resources and information that is recommended? That was a summary of PASR written for the website, so, as you are doing, read both threads starting with the original 2009 one...
Thank you for the warm welcome, and the detailed answer. I will start reading from the old thread and continue reading the new.

A very exciting and psychologically testing 2021 lies ahead
  • #14,360
  • May 2, 2021 11:49am May 2, 2021 11:49am
Quoting strat
{quote} 10 out of 10 Terry, go to the top of the class! Still content with the result but I do need to work on sticking to my plan. Small point, Terry - Make sure it is following your PLAN and not greed kicking in. It looks like you took profits mid day - from H4? - make sure you know which time frame you are trading. So, while I was tearing my hair out trying to trade M5 GBP sawdust this week, you were making bank, trading D1 AUDCAD - good for you - beating the master at his own game! Just goes to show how versatile and adaptable PASR trading is....
Thanks Strat, appreciate your feedback.

Yes I did exit using H4 before I hit the sack even though I was trading the daily, my mistake as overnight the pair picked up another 70 pips.

Hopefully lesson learned.

Regards
Terry
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