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Strat's PASR Long Term, Stress Free Trading

  • #14,381
  • May 15, 2021 7:01pm May 15, 2021 7:01pm
Quoting TerryDawe
PASR long entry on gold retrace to H1 200ema and hit target next day at top of worker control candle. {image}
Great job, Terry.

Low risk ADD ON areas for next time but you already knew that!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,382
  • May 15, 2021 8:29pm May 15, 2021 8:29pm
So not seeing much participation on the site recently so not many people making money with the best methodology around. That is sad because it is really not that difficult as long as you follow the path.

Check the higher time frames, follow the flow:
  • #14,383
  • Edited 7:56am May 16, 2021 2:09am | Edited 7:56am
Quoting TerryDawe
So not seeing much participation on the site recently so not many people making money with the best methodology around. That is sad because it is really not that difficult as long as you follow the path. Check the higher time frames, follow the flow:
Greetings Tery. I recently stopped posting here, because my path took different direction past few months. I joined a private telegram club in my country for only live account profitable traders with at least 8 months of profit. There you upload monthly statement every month to show that you are still profitable and can contribute if not you will be forbidden, no demo heroes there. Of course you have to pay for access. I joined because in need trading community with successful traders. My mind was blown away. I have been proud with my gains but those guys are on another level. While i was having 2% profit on AUDUSD some of the guys were comfortably sitting on 13% profit trades and still growing. Then they started to grill me slowly and painfully. I was asked why i did trade that and how. Company that makes that private club is biggest investment company in my country. They are like those in the movies with fancy office and yes paid bloomberg terminal. I have an access to their live trades. Boss of the company is managing 7 million euro account. Their financial statement for 2020 is 2.5 million euro profit. Checked that in the website of companies register in my country and all of the taxes they paid. They are legit. 5 people that work for him are trading 100k$ each. They share their analysis, thought process and everything you ask for. I was hooked by those massive gains. Not to say that they trade mostly stocks. I started my career many years ago with stocks but did not have the knowledge and strategy to trade it successfully. I started forex trading because i thought that i am incapable of trading stocks. They are using only 50/100/200 SMA with PA and channel breaks some formations too, just like strat. They trade stocks and indexes Rarely forex. I asked them why. They said that is easier to trade and they do not like choppy charts like all of the forex pairs. They know only one direction -UP and UP. I learned a lot there and still learn, allocated my account from forex to stocks and i cannot be more satisfied. I can confidently say that i am more profitable that trading forex, it is easier for me to pick winners even without deep knowledge for the companies. The club is build around the idea of having many people trading the same way with many eyes on the markets. Golden ecosystem is what makes you successful in any profession. Sharing experiance, being in touch with the trend and sharing ideas is really important. Community is constantly improving. Thats why doctors often visit seminars and different courses they share experience, ideas and grow. Same with trading. I learned to follow the smart money. And guess smart money trade stocks. See the richest hedge fund managers in the world and greatest investors nobody is trading forex. Except Soros sometimes but he is politically motivated to do so. It is easy to follow smart money, check some of the biggest ETF's portfolio see what they are trading and trade it too. Vanguard have About $7.2 trillion in global assets under management, as of January 31, 2021. It is Trillion not billions. Check their ETFs they are outperforming the market since 1972. And thats just one fund of thousands. Drop in the ocean. Follow those whales if you are interested in stocks and you will be a winner. Long term stress free. Sovereign Pension fund of Norway bought 200 million $ worth of apple stock not euro/jpy. Why ? Suffered a lot from trading forex and it's constantly choppy market behavior. Of course giving up on stocks years ago led me to this beautiful thread with amazing people which i learned a lot from. I struggled to find the rhythm of the market and my gains were limited by the market behavior of forex. Stocks are different smoother with longer trends, predictable in some degree. Everybody know which are the market leaders -Apple, amazon, microsoft and they will go up and up until they dont and then t new "apple" will come for you to ride it. Indexes are event easier to predict. Look at Dow Jones 100 years on the market it is simply uptrend after correction over and over. US500 nasdaq are the same. I am not posting here anymore because my path is different now. Trading stocks is not purpose of anyone here. I do not say that you cannot trade forex successfully you can and i prove it to my self it is just limiting once you know how to trade.
You attract what you think in any area of life, relationships and trading!
  • #14,384
  • May 16, 2021 2:12am May 16, 2021 2:12am
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Which is easier to trade? Just follow the shadow....
You attract what you think in any area of life, relationships and trading!
  • #14,385
  • May 16, 2021 11:15am May 16, 2021 11:15am
Quoting TerryDawe
Check the higher time frames, follow the flow:
  • #14,386
  • May 16, 2021 3:56pm May 16, 2021 3:56pm
Quoting ph2lsl
{quote} worker give bueb now
boss make candel with higherhigh and I still stay in worker uptrend trade
  • #14,387
  • May 16, 2021 4:13pm May 16, 2021 4:13pm
Quoting Eushev24
{quote} Greetings Tery. I recently stopped posting here, because my path took different direction past few months. I joined a private telegram club in my country for only live account profitable traders with at least 8 months of profit. There you upload monthly statement every month to show that you are still profitable and can contribute if not you will be forbidden, no demo heroes there. Of course you have to pay for access. I joined because in need trading community with successful traders. My mind was blown away. I have been proud with my gains...
After reading through this.
The only word that came to my head is WOW.
  • #14,388
  • May 17, 2021 4:10am May 17, 2021 4:10am
hi Strat,
I have confusion in two pairs when I did boss analysys
in usdcad doji close its litle previous last boss low
by concrete rule of wcc we are not in wcc this week
but it look like wcc because doji says no action happen to close real good under previous boss low if we read beyond candels
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nzdjpy its wcc breakout by concrete rule of wcc
but we can tell its really break of wcc if its only closed 8 pips above?
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  • #14,389
  • May 17, 2021 7:51am May 17, 2021 7:51am
Quoting ph2lsl
hi Strat, I have confusion in two pairs when I did boss analysys in usdcad doji close its litle previous last boss low by concrete rule of wcc we are not in wcc this week but it look like wcc because doji says no action happen to close real good under previous boss low if we read beyond candels {image} nzdjpy its wcc breakout by concrete rule of wcc but we can tell its really break of wcc if its only closed 8 pips above? {image}
Once there is a weekly close outside of an existing WCC, the next weekly candle becomes a potential WCC and is only confirmed at the end of the week.

So in both cases there is no current WCC, only a potential WCC.

Hope this helps.



Regards
Terry
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  • #14,390
  • May 18, 2021 5:39am May 18, 2021 5:39am
Quoting TerryDawe
{quote} Once there is a weekly close outside of an existing WCC, the next weekly candle becomes a potential WCC and is only confirmed at the end of the week. So in both cases there is no current WCC, only a potential WCC. Hope this helps. Regards Terry {image} {image}
thanck you Terry
we need to use concrete rules of wcc then, thanck you again
  • #14,391
  • May 23, 2021 9:07am May 23, 2021 9:07am
Quoting Eushev24
{quote} Greetings Tery. I recently stopped posting here, because my path took different direction past few months. I joined a private telegram club in my country for only live account profitable traders with at least 8 months of profit. There you upload monthly statement every month to show that you are still profitable and can contribute if not you will be forbidden, no demo heroes there. Of course you have to pay for access. I joined because in need trading community with successful traders. My mind was blown away. I have been proud with my gains...
The whole premise of stocks is to invest for future growth (buy and hold strategy) which is why they tend to trend more. However, they do go through periods of chop and slop in addition to greater than average pull backs (not to mention crashes) which, just like in forex or other trading vehicle, plays havoc on the traders' psychology.

Having traded stocks, options, futures, commodities and forex, the big problem with stocks is the account size you need. Unlike forex where you can buy contracts for a fraction of their price, stocks need you to purchase the full share price. In addition, you cannot short a stock unless you own it. So Apple is $125.43/share, Amazon is $3,203.08/share, Microsoft is $245.17/share, Google is $2,294.13/share. I don't know the account size of the "average" stock trader but lets say it is $10,000. How many shares of Amazon, Google, Microsoft and Apple can they buy to increase their account? In addition, how many times do you think these stocks can double in share price?

When you look deeper into the statistics of trading stocks versus forex, trading forex always produces the quickest and biggest $ % profit growth. Why do you think forex volume is $6.6 TRILLION/day compared to stocks at only $169 billion/day?

Now if I had the courage to trade 100% margin on forex, as I would have to with stocks, the average DAILY $ %profit growth on forex would take YEARS to be achieved with stocks.

The biggest %profit growth is in trading stock indices with a retail broker offering MT4 which I am longing to trade but unfortunately. for us US traders, there is no FTC regulated US broker. Going to a Futures broker is the same problem with stocks - account size and margin plus they don't offer MT4 meaning you have to pay monthly costs for a trading platform and data. Yes, there are many, many offshore non-regulated brokers offering indices and MT4 to US clients but having my account stolen once by these sharks keeps my money safe despite others saying they have a "trusted" offshore broker - their time will come.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,392
  • May 23, 2021 10:10am May 23, 2021 10:10am
Quoting strat
{quote} The whole premise of stocks is to invest for future growth (buy and hold strategy) which is why they tend to trend more. However, they do go through periods of chop and slop in addition to greater than average pull backs (not to mention crashes) which, just like in forex or other trading vehicle, plays havoc on the traders' psychology. Having traded stocks, options, futures, commodities and forex, the big problem with stocks is the account size you need. Unlike forex where you can buy contracts for a fraction of their price, stocks need...
Hey, Strat!

high price of google or Amazon is not a problem at all these days. Almost any broker offers fractal shares and you can invest as little as 1 dollar. You can invest in indexes same as little as 1$. ETFs are good for low budget traders. I don’t say that either of them is best to trade. For me it easier to trade stocks simply because charts are way smoother /not every stock ofc/. Put Wk chart with Strat shadow use like we use it on daily pick good stock and there is your long term stress free trading. Trade wherever suit your physics. All brokers offers mt4/5 here but these aren’t good platforms at all. Nobody is coming close to TradingView. Interactive brokers seem legit I am trading there. It is US based broker. It’s just like forex I have 1:20 leverage forex pairs have 1:30 pretty close.
You attract what you think in any area of life, relationships and trading!
  • #14,393
  • May 23, 2021 1:17pm May 23, 2021 1:17pm
Quoting Eushev24
{quote} Hey, Strat! high price of google or Amazon is not a problem at all these days. Almost any broker offers fractal shares and you can invest as little as 1 dollar. You can invest in indexes same as little as 1$. ETFs are good for low budget traders. I don’t say that either of them is best to trade. For me it easier to trade stocks simply because charts are way smoother /not every stock ofc/. Put Wk chart with Strat shadow use like we use it on daily pick good stock and there is your long term stress free trading. Trade wherever suit your physics....
Thank you. It seems I am out of date with stock brokers and will have to investigate again. Please kindly post charts of your recent trades.

Why do you say MT4 is not good and why do you feel so good about trading view?

How long have you been with IB - they used to have a bad reputation?

If you don't want to answer on here we can continue on PM. Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,394
  • May 23, 2021 1:29pm May 23, 2021 1:29pm
Quoting strat
{quote} Thank you. It seems I am out of date with stock brokers and will have to investigate again. Please kindly post charts of your recent trades. Why do you say MT4 is not good and why do you feel so good about trading view? How long have you been with IB - they used to have a bad reputation? If you don't want to answer on here we can continue on PM. Thank you.
Hey there. I do not like mt4/5 because you simply cannot have same instrument on 3 different windows with different timeframe charting on them simultaneously on the same period and price. I am new with IB. I will need a little time to explain how I use your teachings in stocks. I will explain step by step with examples maybe in pdf because it will be too long for post or DM? How can I sent you a pdf file?
You attract what you think in any area of life, relationships and trading!
  • #14,395
  • May 23, 2021 2:30pm May 23, 2021 2:30pm
Quoting Eushev24
{quote} Hey there. I do not like mt4/5 because you simply cannot have same instrument on 3 different windows with different timeframe charting on them simultaneously on the same period and price. I am new with IB. I will need a little time to explain how I use your teachings in stocks. I will explain step by step with examples maybe in pdf because it will be too long for post or DM? How can I sent you a pdf file?
Please check your PM. Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,396
  • May 23, 2021 2:36pm May 23, 2021 2:36pm
Quoting Eushev24
{quote} Hey there. I do not like mt4/5 because you simply cannot have same instrument on 3 different windows with different timeframe charting on them simultaneously on the same period and price. I am new with IB. I will need a little time to explain how I use your teachings in stocks. I will explain step by step with examples maybe in pdf because it will be too long for post or DM? How can I sent you a pdf file?
Please check Forex Peace Army review of IB and advise your experience to date. Thank you.

https://www.forexpeacearmy.com/forex...iveBrokers.com
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,397
  • May 24, 2021 1:26am May 24, 2021 1:26am
Quoting Eushev24
{quote} Hey there. I do not like mt4/5 because you simply cannot have same instrument on 3 different windows with different timeframe charting on them simultaneously on the same period and price. I am new with IB. I will need a little time to explain how I use your teachings in stocks. I will explain step by step with examples maybe in pdf because it will be too long for post or DM? How can I sent you a pdf file?
Hi Eushev24, may I know how you can set up the Strat Shadow in TradingView platform? Thank you.
  • #14,398
  • May 24, 2021 1:30am May 24, 2021 1:30am
Quoting Corinna
{quote} Hi Eushev24, may I know how you can set up the Strat Shadow in TradingView platform? Thank you.
There is a ribbon ma indicator in the library
You attract what you think in any area of life, relationships and trading!
  • #14,399
  • May 24, 2021 1:39am May 24, 2021 1:39am
Quoting strat
{quote} Please check Forex Peace Army review of IB and advise your experience to date. Thank you. https://www.forexpeacearmy.com/forex...iveBrokers.com
I think bad reviews are from angry losers
You attract what you think in any area of life, relationships and trading!
  • #14,400
  • May 24, 2021 5:36am May 24, 2021 5:36am
Quoting Eushev24
{quote} Hey there. I do not like mt4/5 because you simply cannot have same instrument on 3 different windows with different timeframe charting on them simultaneously on the same period and price. I am new with IB. I will need a little time to explain how I use your teachings in stocks. I will explain step by step with examples maybe in pdf because it will be too long for post or DM? How can I sent you a pdf file?
hi
what you mean you simply cannot have same instrument on 3 different windows with different timeframe charting on them simultaneously on the same period and price? alt+r dont do that? you put 3 windows with eurusd and click alt+r and they arange
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