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Strat's PASR Long Term, Stress Free Trading

  • #16,741
  • May 4, 2023 5:07am May 4, 2023 5:07am
I will close if it struggles to move lower past the wicks on m5
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I closed on the first arrow prematurely. My little people got the better of me there
PS:I decided to close a few minutes later
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  • #16,742
  • May 4, 2023 5:16am May 4, 2023 5:16am
PA on m30 shows why I prefer to go with the trend and fake the moves against the shadow and the 200EMAs
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That way my SL is small and there is no doubt if PA disagrees with me. I close the trades right away and wait. I was not trading like that even a few weeks back. Trying to catch every move I thought was going to happen. Not so much anymore (I confess I get carried away a few times)
  • #16,743
  • May 4, 2023 5:29am May 4, 2023 5:29am
Now this is a bit confusing for me. I stay out for now. Maybe nothing will happen in the meantime. There are plenty of news in the next 3 hours.
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  • #16,744
  • May 4, 2023 6:15am May 4, 2023 6:15am
I wasnt paying much attention to it. There was some merit to that PA that I pointed out earlier
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The second arrow wouldnt amount to much
  • #16,745
  • May 4, 2023 7:14am May 4, 2023 7:14am
Meanwhile, many trolling in the background have the audacity to come back and ask when something is new or not clear, for example:
Quoting 2hpriest
{image}{quote} Hi Bistoils, Was looking at this US30 daily chart(from your posts lately you seem to have a knack for this particular indices). For educational purposes. Assuming you were still trading the daily time frame, which of the 3 hammers would you have traded and why. As I posted earlier, I will only communicate with regulator contributors from now on and will only help and give new information via PM. I would've run out of patience long ago. Yup, screw the background PASR traders and trolls!!!!!!!!!!!!!
Strat,
Your point is well noted.
Thank you
  • #16,746
  • May 4, 2023 8:44am May 4, 2023 8:44am
I wanted to short after the open but I managed poorly, missed the train and managed to lose 7pips on top like a newbie.
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  • #16,747
  • May 4, 2023 9:02am May 4, 2023 9:02am
Quoting bistolis
I wanted to short after the open but I managed poorly, missed the train and managed to lose 7pips on top like a newbie.
Trying to go Stratstyle with almost no DD. Mindset must be to not only take losses but also re-enter without thinking or hesitation, otherwise it fails - end up taking losses without the corresponding payoff for riding her into submission. Of course you know this... pls write something similar when the same happens to me...
  • #16,748
  • May 4, 2023 9:06am May 4, 2023 9:06am
Quoting Barbaresco
{quote} Trying to go Stratstyle with almost no DD. Mindset must be to not only take losses but also re-enter without thinking or hesitation, otherwise it fails - end up taking losses without the corresponding payoff for riding her into submission. Of course you know this... pls write something similar when the same happens to me...
I know and in the heat of the moment I fucked up and then I hesitated to enter when it started becoming obvious to me.
Marked below. even at the close of that candle it should be ok to enter. But I didnt.
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  • #16,749
  • May 4, 2023 9:16am May 4, 2023 9:16am
Quoting Barbaresco
{quote} Trying to go Stratstyle with almost no DD. Mindset must be to not only take losses but also re-enter without thinking or hesitation, otherwise it fails - end up taking losses without the corresponding payoff for riding her into submission. Of course you know this... pls write something similar when the same happens to me...
I dont really know how strat handles his drawdown. I pick my spots so that I have small stops most of the time. In this case it is one of my regular fuck ups. A few months ago it would have been worse
I am learning through posting and reviewing my own trades. People though hardly do it. My trading improved tremendously when I stopped using the result of trading to feel that I achieved something. I started focusing on the process of choosing my spots to enter trades. And that process is what i am highlighting with the posts not the trades themselves or the result of those trades
  • #16,750
  • May 4, 2023 9:19am May 4, 2023 9:19am
PA today is giving me a hard time. Difficult to say the least.
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I tried the first 2 arrows and I gave up. I think there is a lot of support now at those areas. PA has become erratic
  • #16,751
  • May 4, 2023 9:33am May 4, 2023 9:33am
Quoting bistolis
{quote} I dont really know how strat handles his drawdown. I pick my spots so that I have small stops most of the time. In this case it is one of my regular fuck ups. A few months ago it would have been worse I am learning through posting and reviewing my own trades. People though hardly do it. My trading improved tremendously when I stopped using the result of trading to feel that I achieved something. I started focusing on the process of choosing my spots to enter trades. And that process is what i am highlighting with the posts not the...
I really think it's a zen thing, because there is no objective way to predict the stop level, even after the fact - it is essentially random, and more and more random as the TF's get smaller (if looking at candles for reference). Even on a tick chart, there is no SL predictability in the data. So, with regard to learning, suggest searching for your Jedi rather than trying to harness rules - the rules will work when they work (confirmation bias) and when they don't work, feel personal, like failure. Conditions that correlate with previous wins, sure, but not rules - keep the mind as clean as possible.
  • #16,752
  • May 4, 2023 9:38am May 4, 2023 9:38am
Quoting bistolis
PA today is giving me a hard time. Difficult to say the least. {image} I tried the first 2 arrows and I gave up. I think there is a lot of support now at those areas. PA has become erratic
Look at a few Renkos - 10 pt, 15 pt, 20 pt with the same Stratshadows and the same action - see if it helps. It sounds like you got nervous and were trying to avoid bark beetles instead of seeing the trees or forest.
  • #16,753
  • May 4, 2023 11:37am May 4, 2023 11:37am
Quoting DexterzxD
{quote} I did some trades on Dow , but all were breakeven, better than losing.
Well done, Dexter. To achieve break even on a day when PA is crap is a step forward.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,754
  • May 4, 2023 11:51am May 4, 2023 11:51am
M1 EURO

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It seems Europe is more sensitive to inflation/interest rates than USA. In case anyone is studying this, I have removed all lines except the Strat Shadow.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,755
  • May 4, 2023 11:58am May 4, 2023 11:58am
Quoting Barbaresco
{quote} FYI I think you're also very zen with Euro because you watch it all the time. I'm that way with NQ because I have so many algos running on it, have watched tick charts for years, and know the internal technicals / data backwards and forwards, from a variety of lookback periods, etc. I'm not that way at all with Euro and find the nice action that you eat for breakfast somewhat challenging. I tried to PM you my subjective trades from this morning, but your name doesn't come up in the dropdown. Unsure if you have it blocked or I just don't...
FYI I think you're also very zen with Euro because you watch it all the time. I'm that way with NQ because I have so many algos running on it, have watched tick charts for years, and know the internal technicals / data backwards and forwards, from a variety of lookback periods, etc.

Yes, exactly, the knowledge of specialising and knowing how an instrument behaves is worth far more than diversifying among others.

I tried to PM you my subjective trades from this morning, but your name doesn't come up in the dropdown. Unsure if you have it blocked or I just don't know how to use it

I have not opened it yet but will do so now.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,756
  • May 4, 2023 12:25pm May 4, 2023 12:25pm
Quoting bistolis
{quote} I dont really know how Strat handles his drawdown. I pick my spots so that I have small stops most of the time. In this case it is one of my regular fuck ups. A few months ago it would have been worse I am learning through posting and reviewing my own trades. People though hardly do it. My trading improved tremendously when I stopped using the result of trading to feel that I achieved something. I started focusing on the process of choosing my spots to enter trades. And that process is what i am highlighting with the posts not the...
I don't really know how Strat handles his drawdown. I pick my spots so that I have small stops most of the time.

As I have posted many times, I have a low tolerance for draw down and continue to struggle with it. I have tried, and keep trying, many different scenarios to handle it although how I am doing it now is much less stress than before.

I am learning through posting and reviewing my own trades.

It is so valuable you can't put a price on it, especially when you consider comments from other like minded traders.

People though hardly do it

Yes, and I would love to know why, but in the end, it is THEIR LOSS, not ours.

This guy left us, went thread hopping in search of the Holy Grail and this is what he posted on his new "Make Me Rich" thread. Had he done like you, he would have done much better, but who knows?

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bistolis, you remind me of myself many moons ago. From what I read on your posts, it seems you are trying too hard and are forcing trades. Learn to relax and most of all, shut your trading thinking brain down and just trade what your chart SHOWS and TELLS you - nothing else - yes, I know it is hard to shut down, I still struggle with that.

PM me and I will give you the scoop on how I trade the EURO and how I would trade your DOW.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,757
  • May 4, 2023 1:15pm May 4, 2023 1:15pm
M1 EURO

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Huge volume again, so I have to trade it!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,758
  • May 4, 2023 2:24pm May 4, 2023 2:24pm
Quoting Strat
{quote} I don't really know how Strat handles his drawdown. I pick my spots so that I have small stops most of the time. As I have posted many times, I have a low tolerance for draw down and continue to struggle with it. I have tried, and keep trying, many different scenarios to handle it although how I am doing it now is much less stress than before. I am learning through posting and reviewing my own trades. It is so valuable you can't put a price on it, especially when you consider comments from other like minded traders. People though hardly...
I am probably overthinking it at times for sure and then I freeze and dont place obvious (in hindsight) trades.
The charts I post are from my "collection" so to speak of screenshots I take through out the day. Usually whenever I spot something and I want to have the chart readily available on how it was at that specific time. dozens of screenshots every day in their respective folders. Then I go over them during the weekend and mark what I see after the fact.
  • #16,759
  • May 4, 2023 2:54pm May 4, 2023 2:54pm
YM M2

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  • #16,760
  • May 5, 2023 3:11am May 5, 2023 3:11am
Hello guys, hope you're all well. It's nice to see more activity recently and I intend to contribute more, not only with the pdf (still in the works) but also with trades espacially failed trades which I must honestly admit haven't shared that often. I myself took a little time off this week to examine why I'm still bearly breaking even, making some good trades and then giving it all away again. Little hint is given above, I wasn't able to accept failure or share it and in the process learn from it. After all trading is most psychological and it becomes more obvious to me that I have some inner work to do and that by sharing it with you it may help to shine the light on my subconscious.

My "Eureka" Moment.
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