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Strat's PASR Long Term, Stress Free Trading

  • #15,381
  • Jul 11, 2022 1:46pm Jul 11, 2022 1:46pm
Quoting Baniu
EURO M1 This is example of how not to trade. Everything is wrong here, so I think it is valuable example in terms of what not to do. Earned 1 virtual tick, lost 114, I would not give myself even 10 USD to trade at this stage. I give myself two months more to wrap my head around it. If I do not see progess, I will give up once again. {image}
Hi Baniu, i made some mistakes too , first trade i was buying into resistance and second trade was a bit like revenge trading. We all made mistakes, you are doing well and don't be so hard on yourself. Thank you for chart, i learned something new.
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  • #15,382
  • Jul 11, 2022 3:45pm Jul 11, 2022 3:45pm
Quoting DexterzxD
{quote} Hi Baniu, i made some mistakes too , first trade i was buying into resistance and second trade was a bit like revenge trading. We all made mistakes, you are doing well and don't be so hard on yourself. Thank you for chart, i learned something new. {image}
Hi Dexter,
Thanks. I'm glad you could learn smth from my mistakes.
It's hard not to be hard on myself, when I do every possible mistake trader can imagine, again and again and again.
Especially, when I start with a loss and then when second one goes in I'm starting to lose concentration and everything goes out of whack.

Oh yes buying into resistance and revenge trading, that's what my little people like very much.

I wish you learning from your mistakes and never doing them again.
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,383
  • Jul 11, 2022 6:38pm Jul 11, 2022 6:38pm
Dexter and Baniu - hopefully others on here will reply which will be more relevant and meaningful than mine
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,384
  • Edited 1:54am Jul 12, 2022 12:33am | Edited 1:54am
Quoting Baniu
EURO M1 This is example of how not to trade. Everything is wrong here, so I think it is valuable example in terms of what not to do. Earned 1 virtual tick, lost 114, I would not give myself even 10 USD to trade at this stage. I give myself two months more to wrap my head around it. If I do not see progess, I will give up once again. {image}
Hi Baniu

You are trading at the end of up Primary Swing and into Resistance. The M15 show us the Dominant down trend.
You rely too much on the M1 Lagging Strat Shadow. You need to check where price is in relation to M5 & M15 Strat Shadow. Try to switch between M1 and M5 when trading, M5 give you a big picture, if M5 PA is still confusing then move to M15.
Pay attention to Confirmed Swing and Control candle on M5 when analysis.

Hope this helps
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  • #15,385
  • Jul 12, 2022 12:45am Jul 12, 2022 12:45am
Quoting Strat
M1 EURO {image} {image} Difficult PA again today
Hi Strat

Where were your initial stop for short at 1.01445 (A)? Did you expect a minor pull back at B?
Why you did not open a short position at C? Did you expect strong pull back at D?

Thanks

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  • #15,386
  • Jul 12, 2022 2:10am Jul 12, 2022 2:10am
Quoting Strat
Dexter and Baniu - hopefully others on here will reply which will be more relevant and meaningful than mine
Hi Strat, i learned a lot from my and others mistakes,but in the first place, i learned all i know from you and i owe you everything.thank you so much!!!
  • #15,387
  • Jul 12, 2022 2:19am Jul 12, 2022 2:19am
Waves comes in Randomly. But experience surfers can sense when a strong one is coming and ride the tunnel, only when there is a strong wind.

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  • #15,388
  • Jul 13, 2022 12:26pm Jul 13, 2022 12:26pm
Quoting swiftman
{quote} Hi Baniu You are trading at the end of up Primary Swing and into Resistance. The M15 show us the Dominant down trend. You rely too much on the M1 Lagging Strat Shadow. You need to check where price is in relation to M5 & M15 Strat Shadow. Try to switch between M1 and M5 when trading, M5 give you a big picture, if M5 PA is still confusing then move to M15. Pay attention to Confirmed Swing and Control candle on M5 when analysis. Hope this helps{image}{image}{image}
Hey Swiftman,

Thanks. Definitely in this case additional mistake is that I did not pay enough attention to where the price is from the perspective of Boss and Big Boss.
In hindsight my attempts to go long at the end of corrective move in downward trend look ridiculous. I have seen on my chart that I'm fighting M5 Strat Shadow and kept forcing longs...
I will pay attention to M5 Control Candle and Swing Confirmation.

Cheers
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,389
  • Jul 13, 2022 12:36pm Jul 13, 2022 12:36pm
Quoting Baniu
{quote} Hey Swiftman, Thanks. Definitely in this case additional mistake is that I did not pay enough attention to where the price is from the perspective of Boss and Big Boss. In hindsight my attempts to go long at the end of corrective move in downward trend look ridiculous. I have seen on my chart that I'm fighting M5 Strat Shadow and kept forcing longs... I will pay attention to M5 Control Candle and Swing Confirmation. Cheers
The control candle is on a weekly chart . Dont get confused. I dont know what you mean for an M5 candle
  • #15,390
  • Jul 13, 2022 1:06pm Jul 13, 2022 1:06pm
Quoting swiftman
{quote} Hi Strat Where were your initial stop for short at 1.01445 (A)? Did you expect a minor pull back at B? Why you did not open a short position at C? Did you expect strong pull back at D? Thanks {image}{image}
Where were your initial stop for short at 1.01445 (A)?

Above candle A (my first entry of the day)

Did you expect a minor pull back at B?

I expected a re-test of the Strat Shadow but not as early as this. PRICE usually, but not always, re-tests a SR level before continuing. Sometimes it is best to wait for the re-test but in strong trends there is little, if any, re-test and you end up missing the trade.

Why you did not open a short position at C?

Because of that doji hammer 4 candles before it.

Did you expect strong pull back at D?

I thought the pullback would happen after the doji hammer. I remember considering another long on the 3rd bullish candle which closed above the Strat Shadow but PRICE was making LHs and LLs and I wasn't sure if there was enough room (profit) above it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,391
  • Jul 14, 2022 5:16am Jul 14, 2022 5:16am
Quoting bistolis
{quote} The control candle is on a weekly chart . Dont get confused. I dont know what you mean for an M5 candle
Hi Bistolis

Weekly control candle control daily and M5 control candle control M1.

Thanks
  • #15,392
  • Jul 14, 2022 5:40am Jul 14, 2022 5:40am
Quoting Strat
{quote} Where were your initial stop for short at 1.01445 (A)? Above candle A (my first entry of the day) Did you expect a minor pull back at B? I expected a re-test of the Strat Shadow but not as early as this. PRICE usually, but not always, re-tests a SR level before continuing. Sometimes it is best to wait for the re-test but in strong trends there is little, if any, re-test and you end up missing the trade. Why you did not open a short position at C? Because of that doji hammer 4 candles before it. Did you expect strong pull back at D? I thought...
Hi Strat

Thanks for the detail reply.
I also noted the Strat Shadow acted as resistance in both minor pullbacks.

Thanks
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  • #15,393
  • Jul 14, 2022 6:14am Jul 14, 2022 6:14am
Quoting Baniu
{quote} Hey Swiftman, Thanks. Definitely in this case additional mistake is that I did not pay enough attention to where the price is from the perspective of Boss and Big Boss. In hindsight my attempts to go long at the end of corrective move in downward trend look ridiculous. I have seen on my chart that I'm fighting M5 Strat Shadow and kept forcing longs... I will pay attention to M5 Control Candle and Swing Confirmation. Cheers
Hi Baniu

I will be switch to live trading next week and will post all my trades. Since we both trading the same pair on M1 therefore its easier for us to learn from each others mistakes.

Cheers
  • #15,394
  • Jul 14, 2022 6:41am Jul 14, 2022 6:41am
Quoting swiftman
{quote} Hi Bistolis Weekly control candle control daily and M5 control candle control M1. Thanks
You can trade within the weekly range, but not at all within the M5 range. It is pointless to focus narrowly on a M5 consolidation. You will miss other setups on other charts, or other things
  • #15,395
  • Jul 14, 2022 7:06pm Jul 14, 2022 7:06pm
Hi Strat

Yesterday EUR/USD did a V turn. Did PA give us any indication it was going to do that? The V turn caught me by surprise. I thought when price break through red support the trend will continue.

Thanks

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  • #15,396
  • Jul 15, 2022 9:43pm Jul 15, 2022 9:43pm
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  • #15,397
  • Edited 1:36pm Jul 16, 2022 12:58pm | Edited 1:36pm
Quoting swiftman
Hi Strat Yesterday EUR/USD did a V turn. Did PA give us any indication it was going to do that? The V turn caught me by surprise. I thought when price break through red support the trend will continue. Thanks {image}
Yesterday EUR/USD did a V turn. Did PA give us any indication it was going to do that?

BIG, BIG ROUND NUMBER (PARITY) on EURO FUTURES, Swiftman

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,398
  • Jul 16, 2022 1:31pm Jul 16, 2022 1:31pm
Quoting Baniu
EURO M1 This is example of how not to trade. Everything is wrong here, so I think it is valuable example in terms of what not to do. Earned 1 virtual tick, lost 114, I would not give myself even 10 USD to trade at this stage. I give myself two months more to wrap my head around it. If I do not see progess, I will give up once again. {image}
Baniu,

You are not understanding PASR, PRICE structrure and Market strucure - you need to go back to the beginning of THE PATH

See my mark up of your chart

Candle "A" is telling you the depth/level the sellers are prepared to go. You only short into this level when PRICE has retraced/retested the Strat Shadow

Short at "B" and "C" - retest of Strat Shadow

"D" is PASR telling you the buyers are likely taking over. A candle closing over this HAMMER confirms the buyers.

SHOOTING STAR TP at "E"

"F" is a retest of Strat Shadow for long

Candle "G" CLOSES above immediate small range and is long

When you SEE a mess like this at "H" STAY OUT and find something else to do until PA makes sense

"J" is a possible short

"K" is confirmation of HAMMER to go long

"L" is TP and consider short

Baniu, some friendly advice:

Do not trade M1 until you are consistent trading M15. Then, demonstrate consistency with M5

Do NOT trade counter trend - this is only for EXPERIENCED traders

ONLY trade in the direction of the M5/M15 trend.

It looks to me like you are trying to trade like me - STOP IT -nobody else can trade like me just like I can't trade like anyone else - FIND YOUR OWN STYLE

Make sure you are only analysisng and making decisions AFTER the candle has CLOSED - not before, not during ONLY on candle CLOSE

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,399
  • Jul 16, 2022 1:34pm Jul 16, 2022 1:34pm
Quoting swiftman
{quote} Hi Strat Thanks for the detail reply. I also noted the Strat Shadow acted as resistance in both minor pullbacks. Thanks {image} {image}
I also noted the Strat Shadow acted as resistance in both minor pullbacks.

Just one of it's many uses, swiftman!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,400
  • Jul 17, 2022 9:10am Jul 17, 2022 9:10am
Quoting swiftman
{image}{image}{image}
Swiftman... please check your Private Messages.. thank you.
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