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Strat's PASR Long Term, Stress Free Trading

  • #17,181
  • Aug 28, 2023 12:15pm Aug 28, 2023 12:15pm
Quoting DexterzxD
{quote} hi, my suggestion is to start from page 1 and you will learn everything you need
Thanks Dexter, but he won't - he's just a new Holy Grail hunter collecting templates.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,182
  • Aug 29, 2023 9:47am Aug 29, 2023 9:47am
M3 NASDAQ NQ 09-23

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And done for today
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,183
  • Aug 29, 2023 10:58am Aug 29, 2023 10:58am
Hello Strat and all serious students of PASR,

for years I keep coming back to the thread, because every time I read it, I learn something new. A fact that many students of the path have already stated. After years and years of trading with my light going on and off I had to take a break for personal reasons.

But already having invested so much time and almost "seeing the light" on several periods, with profitable trading for two different periods, each for about 6 months until I was walking on water again, I have decided to give it a final go. Longer profitable periods are proof to me that it is possible, but other things - mostly psychologically - were not in place. There were also flaws in my trading plan. For this, I have rid myself of all trading systems of the past, fibonacci, pivots, breakouts and whatever it was and traded only price action for the last relevant years. But this time, I will also rewrite my trading plan and ONLY focus on the path / PASR methodology with IGNORING everything else, except trading psychology. My plan has been unfolding during the past weeks while I am studying in my free time after work.

I could share some stories of successes and hardships, false gurus and bad courses as well that might be interesting in context of trading psychology, but for now I do not know if I am allowed to post and will continue to study, taking notes. Maybe because English is not my first language, some details eluded me in the past and I need to read everything once again. I will not post a trade again until I have finished my plan.

What I have understood over the years is that the grail is sitting in front of the "one eyed monster" as Strat calls it, and when the grail has a bad day and is not dealing well with emotions or sudden disturbance, the best system in the world will not help the grail. On the other hand, if the grail is able to deal with himself and trades his plan no matter the circumstances, even a slightly profitable system would be enough for profits.

Thanks for offering such an abundant ressource for years, I often wish it was the first thread I had discovered in trading - unfortunately, I was in for a long term ticket to most confusing and annoying places! Now it is time to complete the unlearning of all this nonsense and only keeping what works ...

Thanks again for laying out decades of trading wisdom to the public.
Fix up, trade sharp ...
  • #17,184
  • Aug 29, 2023 3:01pm Aug 29, 2023 3:01pm
Quoting Strat
M3 NASDAQ NQ 09-23 {image} And done for today
M3 because she did nothing yesterday and we had news this morning, i.e., likely to make a decent move rather than whip? I'm unable to decide ahead of the open/news which TF to go with, so end up sticking with S15 as the trader, and M1/M5 for control candles / trend... which is fine, just wondering if there is a preferred method for TF selection before the open.
  • #17,185
  • Aug 30, 2023 1:06am Aug 30, 2023 1:06am
What up Strat and crew. Made an account to post this. Strat, thanks for the wealth of info! I would be lying if I said I wasn't intimidated by 860 pages of reading, but this is a journey of learning and not a short trip up the street.

I traded when I was in high-school and just after I graduated, but hey, I was young. It didn't last very long and I was quite unfocused. One thing I always understood was it's all just people. It's all just emotion. Indicators indicate sure, but it's all just really about price. So when I decided I wanted to try again, I headed back to a place I remember reading about these kinds of things, and here you are still!

I'll start reading and check in when I have questions. I look forward to drifting through the markets with you all. Thanks in advance.
Jacob
  • #17,186
  • Aug 30, 2023 8:53am Aug 30, 2023 8:53am
Pre NY market open (2 small losses at the rectangle because I thought it might be a good spot but it wasnt)
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addon that I had to close before the open
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addon after the open
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and final exit
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  • #17,187
  • Aug 30, 2023 10:46am Aug 30, 2023 10:46am
M1 NASDAQ NQ 09-23

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Low volume with flat Strat Shadow - never a good sign for swing/trend traders.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,188
  • Aug 30, 2023 10:48am Aug 30, 2023 10:48am
Quoting Hickson
Hello Strat and all serious students of PASR, for years I keep coming back to the thread, because every time I read it, I learn something new. A fact that many students of the path have already stated. After years and years of trading with my light going on and off I had to take a break for personal reasons. But already having invested so much time and almost "seeing the light" on several periods, with profitable trading for two different periods, each for about 6 months until I was walking on water again, I have decided to give it a final go. Longer...
Thank you for the appreciation - let's see if you can stay on The Path this time
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,189
  • Edited 11:29am Aug 30, 2023 11:08am | Edited 11:29am
Quoting Barbaresco
{quote} M3 because she did nothing yesterday and we had news this morning, i.e., likely to make a decent move rather than whip? I'm unable to decide ahead of the open/news which TF to go with, so end up sticking with S15 as the trader, and M1/M5 for control candles / trend... which is fine, just wondering if there is a preferred method for TF selection before the open.
just wondering if there is a preferred method for TF selection before the open.

It's just visual, Barbaresco.

This probably doesn't help but much of it depends on volatility - if there is little volatility, I have to use M1 to see PA and Structure. If there is ""normal"" volatility, I check PA, Structure and Volume between 5am to 5:30am and 5:30am to 6am and choose the time frame which I "understand", i.e., good volume coupled with PASR candles, logical, not erratic PA, and good repeating Structure. Once in a "trading time frame", I keep toggling between higher and lower time frames looking for one which more accurately reflects the current PA, Volume and Structure.

Today was low volatility so M1 only but erratic PA and Structure which I did not understand even moving through the gears up to M5 which increases Risk and the dreaded draw down.

So in summary, it's subjective based on experience/intuition etc.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,190
  • Aug 30, 2023 11:44am Aug 30, 2023 11:44am
Quoting Strat
{quote} just wondering if there is a preferred method for TF selection before the open. It's just visual, Barbaresco. This probably doesn't help but much of it depends on volatility - if there is little volatility, I have to use M1 to see PA and Structure. If there is ""normal"" volatility, I check PA, Structure and Volume between 5am to 5:30am and 5:30am to 6am and choose the time frame which I "understand", i.e., good volume coupled with PASR candles, logical, not erratic PA, and good repeating Structure. Once in a "trading time frame", I keep...
That does help quite a bit actually - I will try the same. S15 is so fast, that once I get started, I have no time to check other TF's until the action has died down, at which point, I missed the M10, M5, M3, or whatever nice setup there was. I'll try a minimum of M1 for tomorrow.
  • #17,191
  • Aug 30, 2023 11:48am Aug 30, 2023 11:48am
Quoting bistolis
Pre NY market open (2 small losses at the rectangle because I thought it might be a good spot but it wasnt) {image} addon that I had to close before the open{image} addon after the open{image} and final exit {image}
Perfect run up and reversal on the big round number on the DOW.
Make sure losses are small and profits are bigger!
  • #17,192
  • Aug 30, 2023 12:29pm Aug 30, 2023 12:29pm
Quoting 2be
{quote} Perfect run up and reversal on the big round number on the DOW.
it was a nice move. I quit after I closed the positions. the run down was great as well
  • #17,193
  • Aug 30, 2023 12:53pm Aug 30, 2023 12:53pm
Quoting 2be
{quote} Perfect run up and reversal on the big round number on the DOW.
Perfect run up and reversal on the big round number on the DOW.

We had the same on NQ. If I had been smart, I would have quit at 7:30am
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,194
  • Aug 31, 2023 6:51am Aug 31, 2023 6:51am
Quoting pippoacher
This may be useful to some. To cut a long story short I worked for a broker ( HQ in London) with branches in Australia and South Africa. I did much of the legal, work for the local business although compliance was managed in the respective jurisdictions. While traders come and go, the rats and mice are everywhere, we had maybe 3 or 4 that made an annual income in the mid 6 digit dollar range, bearing in mind that this is serious money for a retail trader who benefits from an 18/1 exchange rate. It wasnt long before we started a prop desk and on...
To add: the hardest part is standardizing the subjectivity, so that the historical probabilities remain reliable when live. If you honestly "trade forward" a historical chart, and can't perform the same when live, that is your challenge (mine as well). Hence, the desire to add objective rules - but those inadvertently impact the collective subjective edge. Perpetual enigma.
  • #17,195
  • Aug 31, 2023 7:01am Aug 31, 2023 7:01am
Quoting pippoacher
...but I am proof that it can be done.
Any real trading information? No.
Braggadocio and self-aggrandizement? Yes, and a lot of it, too.
Till next time...
  • #17,196
  • Aug 31, 2023 7:13am Aug 31, 2023 7:13am
Quoting josi
{quote} Any real trading information? No. Braggadocio and self-aggrandizement? Yes, and a lot of it, too. Till next time...
The meat of it isn't wrong, but yes, it was presented in d'bag fashion. Anyone adding 3 zeros to an acct in a year quit working for someone else that same year, reached liquidity limitations around Q2 of year 2, and is currently a billionaire.
  • #17,197
  • Aug 31, 2023 8:48am Aug 31, 2023 8:48am
I didnt take the short up top after the news. Two trades so far today. I am not very focused and low on mental energy.
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  • #17,198
  • Aug 31, 2023 9:27am Aug 31, 2023 9:27am
Quoting bistolis
I didnt take the short up top after the news. Two trades so far today. I am not very focused and low on mental energy. {image}
Leave it, then. It's moving weird today, NQ anyway. Slow grind and lots of trickery. When/if she realigns today, then grab some more.
  • #17,199
  • Aug 31, 2023 10:01am Aug 31, 2023 10:01am
Quoting Barbaresco
{quote} Leave it, then. It's moving weird today, NQ anyway. Slow grind and lots of trickery. When/if she realigns today, then grab some more.
Yes I quit after these trades at the open. Done for the day, it was nice
  • #17,200
  • Aug 31, 2023 11:55am Aug 31, 2023 11:55am
M1 NASDAQ NQ 09-23

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PA was completely out of sync with Volume after 5:30am News Event and was in and out of sync all morning. Thought I had it figured until 7:11am when she took me for a Honky Tonk ride. Managed to figure it out again until the Strat Shadow went flat.

Swing PASR today although M15 was the time frame to trade but today M15 PA exceeded my Risk/Money Management.
15 YEARS OF PASR ON FOREX FACTORY!
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