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Strat's PASR Long Term, Stress Free Trading

  • #15,721
  • Oct 14, 2022 1:58am Oct 14, 2022 1:58am
Exit at possible support
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Similar PA on the DAX. I tried to go long but changed my mind
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  • #15,722
  • Oct 16, 2022 9:07am Oct 16, 2022 9:07am
Quoting bistolis
Exit at possible support {image} Similar PA on the DAX. I tried to go long but changed my mind {image}
Thanks for posting, bistolis
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,723
  • Edited 11:17pm Oct 16, 2022 10:53pm | Edited 11:17pm
Hello, strat. I don't know English, I use a translator, but sometimes the translation is not very accurate, I am very interested in your strategy, what steps should I follow to learn your strategy? Private website or here? I'm a little confused about this. Thanks!
  • #15,724
  • Oct 18, 2022 11:15am Oct 18, 2022 11:15am
Quoting Ding1230
Hello, Strat. I don't know English, I use a translator, but sometimes the translation is not very accurate, I am very interested in your strategy, what steps should I follow to learn your strategy? Private website or here? I'm a little confused about this. Thanks!
what steps should I follow to learn your strategy? Private website or here?

The private website was closed years ago and no longer exists, however there is a link to THE PATH from that website on Page 1 of this thread.

Before you go there, I suggest you continue your search for the HOLY GRAIL and then, return here, when you have exhausted all your search efforts and realise there is NO HOLY GRAIL.

Good luck!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,725
  • Oct 21, 2022 8:03am Oct 21, 2022 8:03am
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It went too volatile too fast
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There were plenty of trend trading opportunities the whole morning as well
  • #15,726
  • Oct 23, 2022 9:51am Oct 23, 2022 9:51am
Quoting Strat
{quote} what steps should I follow to learn your strategy? Private website or here? The private website was closed years ago and no longer exists, however there is a link to THE PATH from that website on Page 1 of this thread. Before you go there, I suggest you continue your search for the HOLY GRAIL and then, return here, when you have exhausted all your search efforts and realise there is NO HOLY GRAIL. Good luck!
Life is to short Strat, almost nobody have time to read more than 15k post, everybody has family, sons, parents, job, schooll, etc, everybody need money not only to be millnaire is to feed family, to buy shoes, to paid school, bills, why you don't make a video and make life easy for hundreds of people, so many riddle, help us with a video is more easy, is not lazy is just that not everybody has the same imteligence like you. Thanks Strat.
  • #15,727
  • Edited 2:21pm Oct 23, 2022 10:22am | Edited 2:21pm
Quoting chiche
{quote} Life is to short Strat, almost nobody have time to read more than 15k post, everybody has family, sons, parents, job, schooll, etc, everybody need money not only to be millnaire is to feed family, to buy shoes, to paid school, bills, why you don't make a video and make life easy for hundreds of people, so many riddle, help us with a video is more easy, is not lazy is just that not everybody has the same imteligence like you. Thanks Strat.
It is not so much about intelligence about trading but rather about consistency. Keep trading , keep implementing what you learn and at the same time keep reading and eventually you find what works for you. The most important thing is to start with a method that really fits you and then keep working on it for YEARS
  • #15,728
  • Oct 24, 2022 12:07am Oct 24, 2022 12:07am
Quoting bistolis
{quote} It is not so much about intelligence about trading but rather about consistency. Keep trading , keep implementing what you learn and at the same time keep reading and eventually you find what works for you. The most important thing is to start with a method that really fits you and then keep working on it for YEARS
You right, is that sometimes is so frustrating, and I have problems choosing the right pair, and I want to watch all of them, FOMO, .... them boom loss.
Thanks god I been so protective with my account, just only 1% risk, that I'm proud of myself, but the rest... naaa.
I need more time, just more chart time, but I would love to focus in not to many pairs, just focus on 2 or 3 maybe, I don't know...
Thsnks guys.
  • #15,729
  • Oct 24, 2022 4:37am Oct 24, 2022 4:37am
Quoting chiche
{quote} You right, is that sometimes is so frustrating, and I have problems choosing the right pair, and I want to watch all of them, FOMO, .... them boom loss. Thanks god I been so protective with my account, just only 1% risk, that I'm proud of myself, but the rest... naaa. I need more time, just more chart time, but I would love to focus in not to many pairs, just focus on 2 or 3 maybe, I don't know... Thsnks guys.
Start trading only one
  • #15,730
  • Oct 24, 2022 4:49am Oct 24, 2022 4:49am
Quoting bistolis
{quote} Start trading only one
I will, thanks bistolis, atr>100 on D chart, looking trend on 5 min chsrt with boss on 15 min and BB on 1h . Sound like a plan.
  • #15,731
  • Oct 24, 2022 5:07am Oct 24, 2022 5:07am
I lost some trading at area no1 trying to pick my spots and mucking it up completely and then I managed to get it right at area no2 and exit when it looked like price reached a top at that area.

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I will need to do my review later today but overall i am not happy so far. I will take a break and come back when NY traders wake up
  • #15,732
  • Oct 24, 2022 6:52am Oct 24, 2022 6:52am
BoJ is really pumping volumes I guess
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  • #15,733
  • Oct 24, 2022 9:48am Oct 24, 2022 9:48am
Quoting bistolis
I lost some trading at area no1 trying to pick my spots and mucking it up completely and then I managed to get it right at area no2 and exit when it looked like price reached a top at that area. {image}I will need to do my review later today but overall i am not happy so far. I will take a break and come back when NY traders wake up
Sorry to ask you, did you enter a buy or sell area 1?
And I guess a buy and number 2?
  • #15,734
  • Oct 24, 2022 10:17am Oct 24, 2022 10:17am
Quoting chiche
{quote} Sorry to ask you, did you enter a buy or sell area 1? And I guess a buy and number 2?
I went long at 2 yes , and I lost money on no1, going a few times long and short instead of waiting for an opportunity.

My entries are on the 1m timeframe, and I keep an eye on m5 as well as a slightly higher timeframe (bigger picture)
  • #15,735
  • Oct 24, 2022 3:51pm Oct 24, 2022 3:51pm
Quoting bistolis
{quote} I went long at 2 yes , and I lost money on no1, going a few times long and short instead of waiting for an opportunity. My entries are on the 1m timeframe, and I keep an eye on m5 as well as a slightly higher timeframe (bigger picture)
You use (worker, boss and big boss) ? Because if you trade 1m (worker) you boss (5min) and big boss 15 min HAVE to be in same direction by strat shadow? I'm right?
So you entry in 1 m long ( ZONE 1) was wrong? Because the boss ( 5 min) was in the sell zone( red strat shadow)?
  • #15,736
  • Edited 3:22am Oct 25, 2022 1:45am | Edited 3:22am
Quoting chiche
{quote} You use (worker, boss and big boss) ? Because if you trade 1m (worker) you boss (5min) and big boss 15 min HAVE to be in same direction by strat shadow? I'm right? So you entry in 1 m long ( ZONE 1) was wrong? Because the boss ( 5 min) was in the sell zone( red strat shadow)?
Morning.
I try to trade what I see on m1. Not necessarily in the direction of higher timeframes, but its nice to have everything aligned. Ideally if you can manage to trade in the direction of higher timeframes you will have bigger profits , as long as you know how to manage staying in the trade (there will be big pullbacks along the way).

I use m1 m5 h1 and the daily as well. My exits are usually at areas where I think there could be some SR

my losses are for many reasons. primarily psychological, tight stops, taking a trade too fast without considering some aspects (like the one you mentioned)

By the way, it is ok to try to get a plan going how to pick your spots to take a trade, and figuring out rules for that. BUT that part is like 1% of the whole process. 99% of the work is AFTER you put on a trade and what happens next.
All you have to figure out before placing a trade is : how much you want to lose (risk) if conditions apply for you to enter (edge)
Once you are in the trade it is a whole different story
  • #15,737
  • Edited 9:05am Oct 25, 2022 3:05am | Edited 9:05am
I believe it cant get more difficult today. I refrained so far from taking a trade. I will try again after NY open
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no1 would be a good point but I wasnt at home (a couple of screw ups at the open of NY). overall I am happy with the trade
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  • #15,738
  • Oct 27, 2022 1:46am Oct 27, 2022 1:46am
A quick buck before the London open
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  • #15,739
  • Oct 28, 2022 2:51pm Oct 28, 2022 2:51pm
Quoting bistolis
A quick buck before the London open {image}
Nice, good job bistolis, hey...where is Strat? Maybe on vacation... hope he did not give up on us...
  • #15,740
  • Oct 29, 2022 9:27am Oct 29, 2022 9:27am
Quoting chiche
{quote} Nice, good job bistolis, hey...where is Strat? Maybe on vacation... hope he did not give up on us...
I'm still here, thank you for asking.

I have been developing a slightly different PASR style as my current one is sometimes stressful plus the Big Boss is complaining that I am spending too much time in front of the one eyed monster and, as usual, she is right. She told me to spend less time trading so I told her to spend less $$ so that I could!

I tried M5 but the Price Action is too slow and gives back too much on draw down. Ideally, I am trying to earn what I have been doing but over a shorter period of time, say 3 hours trading. To do this, I only want to trade A+++ set ups with a different risk and trade management style. The US Open is ideal for this but can be very tricky to trade as the Smart Money likes to play with us retail traders by making fake break outs and Stop Runs. I am studying how Smart Money trade News Events so that I can piggy back on their coat tails. Catching trends, no matter how short are really what I am looking to find but the Market Price Action is so different from one day to the next. Complicating this is my lack of tolerance for draw down so I am also looking at fixed profits and draw downs but only in $$. I am still only trading Euro and Dow Futures.

Thanks bistolis for posting.
15 YEARS OF PASR ON FOREX FACTORY!
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