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Strat's PASR Long Term, Stress Free Trading

  • #14,701
  • Oct 21, 2021 10:50am Oct 21, 2021 10:50am
Higher volume and OI on Nasdaq than Dow and S&P

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,702
  • Oct 22, 2021 9:13am Oct 22, 2021 9:13am
Talk about a magic carpet ride on Dow, S&P & Nasdaq this morning.......................

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,703
  • Oct 22, 2021 10:45am Oct 22, 2021 10:45am
Took the shiny stuff out for a spin - first time since 1988!!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,704
  • Oct 23, 2021 11:19am Oct 23, 2021 11:19am
Quoting strat
Took the shiny stuff out for a spin - first time since 1988!! {image}
Good trade Strat,

PASR from resistance to support.

Regards
Terry
  • #14,705
  • Oct 26, 2021 2:01pm Oct 26, 2021 2:01pm
Quoting ph2lsl
euraud sell in worker beeb {image}
win trade with two adon
adon its made in lower timeframe
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  • #14,706
  • Oct 26, 2021 2:04pm Oct 26, 2021 2:04pm
Quoting Suran
{quote} 1.33534 was my suport zone So 1.33534 is a support zone for you? Its just a single price for me. thats what my little bitty brain telling me.. Do you think how much area might a big boy commercial might work on his trade entry? look at below chart... all this green area might be big boy entry area which they gonna play with your orders and build his big order... thats 160 pips zone man... and you still think 1.33534 is a support ZONE ? no wonder why most of the retail blowing up their accounts {image}
thanck you Suran
  • #14,707
  • Oct 26, 2021 2:08pm Oct 26, 2021 2:08pm
Quoting strat
Higher volume and OI on Nasdaq than Dow and S&P {image}
hi mister Strat
I hope you dont upset if I ask what is OI?
sorry if question its ask already but I realy dont know
  • #14,708
  • Oct 26, 2021 4:33pm Oct 26, 2021 4:33pm
Quoting ph2lsl
{quote} hi mister Strat I hope you dont upset if I ask what is OI? sorry if question its ask already but I realy dont know
OI = Open Interest
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #14,709
  • Oct 28, 2021 2:51pm Oct 28, 2021 2:51pm
Quoting HTG
{quote} OI = Open Interest
thanck you
  • #14,710
  • Oct 28, 2021 6:19pm Oct 28, 2021 6:19pm
Finally, after a 2 year struggle, I've just passed my 3rd profitable month (I have no need to trade tomorrow). So, I just wanted to post a message of thanks. Everyone here giving advice, and reviewing charts of complete strangers, is doing God's work (or whatever your equivalent may be).

I wasn't really putting the effort in for ~20 months. I drifted between all the stages of a trader listed somewhere in this thread (because I thought I knew better). If you can think of it, any strategy, I probably tried it.

After losing 90% of my trading account (not a lot of $ importantly) bouncing between strategies, indicators etc. and thinking they were all wrong I realized I needed to make a real effort to learn by going through charts, and I mean lots of charts; so I started marking up weeks of TradingView charts on giant sheets of paper I printed at work; I watched some YT videos that helped; then I choose my TF and schedule and just watched what was happening on one pair during that time - every trading day.

At some point I realized my problems were all caused by me. Eventually things started falling into place and I'm recovering my account slowly.

I'm still learning, and still making mistakes, but I see a light at the end of the tunnel now.

So thank you all. I can't thank you enough.

And now for a chart, 5m xauusd yesterday. I trade just the chart, with some S/R markup, and a session-time indicator on TV, then use mt4 for trading; it's not every day I manage to get 50pips, then partials at 80 and 130 though:
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  • #14,711
  • Oct 28, 2021 8:01pm Oct 28, 2021 8:01pm
Quoting tommyFL
And now for a chart, 5m xauusd yesterday. I trade just the chart, with some S/R markup, and a session-time indicator on TV, then use mt4 for trading; it's not every day I manage to get 50pips, then partials at 80 and 130 though: {image}
Nice going

What was your reasoning for staying in the trade during the drawdown around 27Oct 22:15 area ?
  • #14,712
  • Oct 28, 2021 8:05pm Oct 28, 2021 8:05pm
Quoting tommyFL
Finally, after a 2 year struggle, I've just passed my 3rd profitable month (I have no need to trade tomorrow). So, I just wanted to post a message of thanks. Everyone here giving advice, and reviewing charts of complete strangers, is doing God's work (or whatever your equivalent may be). I wasn't really putting the effort in for ~20 months. I drifted between all the stages of a trader listed somewhere in this thread (because I thought I knew better). If you can think of it, any strategy, I probably tried it. After losing 90% of my trading account...


you're in the right place to start with.
I started many years ago journeyed through strat's THE PATH. Had tripped and fallen a few times, got back up and continue on this very long trading journey. It does not take one's lifetime to learn to trade and become a better trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,713
  • Oct 28, 2021 9:46pm Oct 28, 2021 9:46pm
Quoting Lou
{quote} Nice going What was your reasoning for staying in the trade during the drawdown around 27Oct 22:15 area ?
The M30 and below all closed higher than that high before I entered my trade, so I'm thinking at worse the partial gets stopped at break even on a deep retrace to a higher low (I move my stop to BE after the first TP).

And, of course, the bosses had been trending up recently.
  • #14,714
  • Oct 28, 2021 10:12pm Oct 28, 2021 10:12pm
Quoting emmanuel7788
{quote} you're in the right place to start with. I started many years ago journeyed through strat's THE PATH. Had tripped and fallen a few times, got back up and continue on this very long trading journey. It does not take one's lifetime to learn to trade and become a better trader.
I was in the right place 2 years ago! I posted here back then, but I kept losing trades so of course I thought there must be a better way.... now I've finally closed the loop.

I even learned mql (I do dev work anyway so it wasn't that much work) so I could write my own EAs that would execute perfect setups..... they were the worst losers.
  • #14,715
  • Oct 28, 2021 10:25pm Oct 28, 2021 10:25pm
Quoting tommyFL
{quote} I was in the right place 2 years ago! I posted here back then, but I kept losing trades so of course I thought there must be a better way.... now I've finally closed the loop. I even learned mql (I do dev work anyway so it wasn't that much work) so I could write my own EAs that would execute perfect setups..... they were the worst losers.


Good night brother, sorry for asking. I am new to the trade and I am studying. How did you achieve consistency, or what do you recommend so as not to get lost in the way of the beginning?
  • #14,716
  • Oct 29, 2021 8:34pm Oct 29, 2021 8:34pm
Quoting joced92
{quote} Good night brother, sorry for asking. I am new to the trade and I am studying. How did you achieve consistency, or what do you recommend so as not to get lost in the way of the beginning?
Be honest with yourself. The journaling really helped me to realize I wasn't doing what I should have been doing. And follow the advice they dish out on this, and the old, PASR thread; it works if you do your part.
  • #14,717
  • Oct 30, 2021 10:52pm Oct 30, 2021 10:52pm
Still re reading the PATH and this thread after couple years of absence.
while reading however, i monitor the live market, and just to be on the safe side, i would like to post my thoughts of what i see so the PROS and the Masters can comment and tell me where i am wrong if i am wrong and what is the proper way to analyze.

I think that would be healthy for the thread, as it will trigger a debate and will encourage those like me to post their questions and thoughts without being in fear of criticism, which in my opinion is the best tool to learn.

I have to stress that I am NOT TRADING, and I will keep it that way, or might do it on a demo, but I still prefer to read deeper before I demo trade, I am not in a hurry as I was years ago and lost my trades.

Now back to the taught or EUR/USD

-Big Boss: Obvious down trend, bearish
-Boss: Obvious down trend, bearish with e BEOB

-The worker is what got me confused
Here is where i got a little confused,
I saw a great bullish candle, were i thought that it was buyers trying to say that its enough
Only to see a selloff on the resistance.
In the path, it would say never to
-1 trade against the trend
-2 never to trade into S&R

I would like to be scolded at or whatever you call it in this thread, but i still need to know what went on here while at this very last candle, I would sell below the last BEEB.

Ready to receive Rockets of Criticism
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  • #14,718
  • Oct 31, 2021 12:54am Oct 31, 2021 12:54am
Greetings..First Major
Note ... Strat has often said to use demo to understand and practice the mechanics of your charting package and not to trade.
To truly experience trading, as you know, you will need to put some money in the game. A small amount per pip at first.

Sorry to leave it at that for now... but it is late and my typing is suffering. Hope others in different time zones step in .
  • #14,719
  • Edited 11:27am Oct 31, 2021 10:59am | Edited 11:27am
Quoting first_major
Still re reading the PATH and this thread after couple years of absence. while reading however, i monitor the live market, and just to be on the safe side, i would like to post my thoughts of what i see so the PROS and the Masters can comment and tell me where i am wrong if i am wrong and what is the proper way to analyze. I think that would be healthy for the thread, as it will trigger a debate and will encourage those like me to post their questions and thoughts without being in fear of criticism, which in my opinion is the best tool to learn....
You are correct with the direction of the BB and Boss, so need to look for a bearish worker signal to get back into direction of the Boss.
Since there was no worker bearish signal you could have dropped to the H4 timeframe once price hit the resistance area and entered on its BEEB at the resistance level identified on the worker chart.
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  • #14,720
  • Oct 31, 2021 11:14am Oct 31, 2021 11:14am
Thx terry.
But from a Boss and Worker , it's still valid.
It's still tradable on the break off the Boss, isn't it?
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