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Strat's PASR Long Term, Stress Free Trading

  • #14,621
  • Sep 2, 2021 6:35pm Sep 2, 2021 6:35pm
Strat,

Curious about your experience with futures..
As the account grows, it seems like a logical place to land, how do you find commissions etc compare to FX?
  • #14,622
  • Edited 2:09am Sep 3, 2021 1:58am | Edited 2:09am
Quoting DonkedHound
Strat, Curious about your experience with futures.. As the account grows, it seems like a logical place to land, how do you find commissions etc compare to FX?


Commisions are peanuts compared to benifits. Even that if you care, then you can always trade the micro's which is there normally for retail guys who is practicing..




The only downside you have in futures or indexes are you getting a limited time of simulation accounts(normally 2 weeks). but in forex you can practice demo trading for ages. to work arround that is to open a account with a broker and practice in a simulation account (with thier data) without losing money.
Focus, Patience, Discipline, Determination and Perseverance
  • #14,623
  • Sep 3, 2021 8:35pm Sep 3, 2021 8:35pm
Suran,

I have been looking at futures charts for awhile in conjunction with FX; I see lots of opportunities, especially intra-day. I wanted to make sure I was seeing the board properly, just had concerns on fees etc.

Thanks for your input.
  • #14,624
  • Sep 3, 2021 9:20pm Sep 3, 2021 9:20pm
Quoting Suran
{quote} Commisions are peanuts compared to benifits. Even that if you care, then you can always trade the micro's which is there normally for retail guys who is practicing.. The only downside you have in futures or indexes are you getting a limited time of simulation accounts(normally 2 weeks). but in forex you can practice demo trading for ages. to work arround that is to open a account with a broker and practice in a simulation account (with thier data) without losing money.
You can consider a practice account , small startup account trading Micro E-Mini

details here:

https://forum.ampglobal.com/hc/en-us...r-Live-Trading
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,625
  • Sep 3, 2021 9:27pm Sep 3, 2021 9:27pm
Quoting emmanuel7788
{quote} hi ph2lsl Now that we have strat clarified the subject, we can continue with the correct identification of Weekly Control Candle . NZDUSD example Weekly the current WCC is B is in control and the last WCC was A and that held control for several weeks. {image} Daily this week we see the WCC B high being tested now. we shall wait and see how this week' candle Closed then update. {image}

NZDUSD Weekly Sep03 NY Close

- we have a new WCC NYClosed Sep03

- will this WCC still be in 'control' when NY Close Friday Sep 10?

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Sep03 NYC WCC new 4-9-2021 10-15-12 am.png Size: 23 KB

now we can prepare our trade plan for Sep 06 to Sep 30 ...( 20-trading days cycle)

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Sep03 Daily NYC 4-9-2021 10-26-42 am.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,626
  • Edited 9:13am Sep 4, 2021 8:53am | Edited 9:13am
Quoting DonkedHound
Strat, Curious about your experience with futures.. As the account grows, it seems like a logical place to land, how do you find commissions etc compare to FX?
Further to Suran's post, who switched to Futures a while back, I first traded Futures and Commodities in 1992 and commissions and fees etc were never a problem then and they are not a problem now.

Since ALL brokers, forex, futures, equities etc MANIPULATE their demo charts, do not practice on demo - do paper trading instead - better yet, as Suran stated, trade LIVE with micro accounts so that your psychological emotions are engaged. Good luck.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,627
  • Sep 4, 2021 9:07am Sep 4, 2021 9:07am
Quoting dzimidula
strat, first of all thank you for your contribution and sharing. I want to switch to Daily charts from 4H charts, so I drew my SR lines on the Weekly chart without modifying anything on the Daily chart, would you mind having a look? Is it too many lines close to current price or wrong in any way? I am interested in trading only support/resistance to first resistance/support. {image} Also based on the SR lines and current trend, I see a nice pinbar forming on GBPUSD, just a few hours left. Does it look like a good entry to you (it does to me) ? I...
Way too many lines! The objective of drawing these lines is to identify supply and demand or, specifically, where the buying starts/stops and where the selling starts and stops. On each time frame, identify the major swings then drop down to your trading time frame and do this in more detail by identifying minor swings. Look for confluence of SR across all 3 time frames for areas of strong SR and high probability trades.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,628
  • Sep 6, 2021 4:23am Sep 6, 2021 4:23am
Basic PASR
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  • #14,629
  • Sep 7, 2021 9:51am Sep 7, 2021 9:51am
DOW

Runaway Bear Trend

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,630
  • Sep 10, 2021 9:28am Sep 10, 2021 9:28am
Shooting Star - Usual STOP RUN to fill longs and short SLs

DOW Sell Off
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S&P 500 Sell Off
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Problems uploading charts again!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,631
  • Sep 10, 2021 3:55pm Sep 10, 2021 3:55pm
Strat,

I took the same shooting star #2 (/MES)

Cool to see us on the same page..
  • #14,632
  • Sep 13, 2021 9:46am Sep 13, 2021 9:46am
Nasdaq
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S&P 500
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Trade to live in 1 hour - now on to live life

Still problems uploading charts!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,633
  • Sep 14, 2021 4:54pm Sep 14, 2021 4:54pm
For the sake of transparency, I want to write that I had losing day today... stuck to my rules and made out with small losses, but never got anything positive going all day.

I have been a little cocky (in my own head) lately and although I did not violate my rules, I think I could use the dose of humble pie.

Really glad I made the switch to a "real" market in Futures.

Sorry, I realize this forum is not my trading journal, but I am sure I will be posting about my next big day, so wanted this loser noted

Too lazy to post charts
  • #14,634
  • Sep 14, 2021 8:37pm Sep 14, 2021 8:37pm
Quoting DonkedHound
For the sake of transparency, I want to write that I had losing day today... stuck to my rules and made out with small losses, but never got anything positive going all day. I have been a little cocky (in my own head) lately and although I did not violate my rules, I think I could use the dose of humble pie. Really glad I made the switch to a "real" market in Futures. Sorry, I realize this forum is not my trading journal, but I am sure I will be posting about my next big day, so wanted this loser noted Too lazy to post charts

That is okay because you learned from your own trades and the mistakes. You know not to repeat the same bad trades.

You have a positive attitude in your mental strategy when trading. This is important.
Trade Safe and Stay Safe

the 3rd is necessary

Read a book on how to develop mental strategies in trading.

Example this book by Ari Kiev

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,635
  • Sep 17, 2021 12:55pm Sep 17, 2021 12:55pm
Quoting DonkedHound
For the sake of transparency, I want to write that I had losing day today... stuck to my rules and made out with small losses, but never got anything positive going all day. I have been a little cocky (in my own head) lately and although I did not violate my rules, I think I could use the dose of humble pie. Really glad I made the switch to a "real" market in Futures. Sorry, I realize this forum is not my trading journal, but I am sure I will be posting about my next big day, so wanted this loser noted Too lazy to post charts


Just a couple of points ...for your sake...
If you want to master any trading method...then try to post the losing trades and get others comments... . this is the only way you can learn from your errors...if you dont post losing trades then you will never learn proper. you might think you have done everything perfect. with out posting charts you will never know if you learning correct.

All I see here people do is post their wining trades.. its good to post your wining trades ..which will give you some satisfaction..but most important is the losing trades...

This is the mistake I 've done in my past. and that extended my learning curve. My be you guys need to open a discord group or something so that you people can get together and learn from each other...everyday. thats really going to help.


Another thing is that in futures market specially ES (NQ, and YM etc..) behave bit diferently in US market opening times. so you need to figure out the game play of the big people. speacially the commerials. and learn to see what the Market makers response to the commercials.
Focus, Patience, Discipline, Determination and Perseverance
  • #14,636
  • Sep 17, 2021 2:55pm Sep 17, 2021 2:55pm
Hi guys,
i'm new here, where can i find the strategy, learning ecc..?
thank you
  • #14,637
  • Sep 17, 2021 3:01pm Sep 17, 2021 3:01pm
Quoting Ppin12
Hi guys, i'm new here, where can i find the strategy, learning ecc..? thank you

Welcome. Read the first 40 posts. pages 1 and 2 . Then ask questions. Longtimers on Strat's Forum here usually jump in .
  • #14,638
  • Sep 17, 2021 3:13pm Sep 17, 2021 3:13pm
Quoting Lou
{quote} Welcome. Read the first 40 posts. pages 1 and 2 . Then ask questions. Longtimers on Strat's Forum here usually jump in .
okok, thank you!
  • #14,639
  • Sep 21, 2021 12:45pm Sep 21, 2021 12:45pm
DOW

Trading brain not in gear today and ended up giving $$ back to the smart money!
Bought at the top!

REASON:
NY Open candle “looked like” exhaustion candle at support
Next candle was huge buying with large volume and OI but did not break bearish structure
9:45am candle was again with large volume and OI and broke bearish structure.
Entered on close of candle expecting a re-test of H1 high
Got out on close of candle below 9:45am candle.

Sellers continued to sell but did not reverse and enter short as it is not often I get my trades wrong so didn’t want to tempt fate so shut down and walked away. Still in big $$ from yesterday so account impact is negligible. Saving grace is that I didn’t trade S&P 500 and Nasdaq as I did not like PA on the 9:35am candles. Tomorrow is another day.

HINDSIGHT:
Trend and Sentiment is DOWN confirmed by higher time frames

LESSON:
Stop trying to “out think” the Market and remember that I am a TREND TRADER!!!!!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,640
  • Sep 22, 2021 3:03am Sep 22, 2021 3:03am
Thanks for still posting. I have learnt a lot.
Fix up, trade sharp ...
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