Strat's Long Term Stress Free Trading

In ze mater ov ze mind und trading ich hav found ze following in zepeated tests und clinical trading stratergyz: (sorry i didnt put the translator on)

Rather than thinking about "i won" or "i lost".....
Think of it as.......' i sold my contract at a better price than i bought it or a worse price......
By doing so we remove the pschcologicaly loaded terms "win,loss" from our minds and separate our account balances from the dormant subconscious forces in those terms.

When selling a contract for less than you bought it I have found that usually it was for a number of reasons in my clinical tests;

1.A system exit signal triggering while in negative.

From a system prospective this is a comfirmation of your system.So you can see the positive "feeling" it has.No need to say "loss"

2.Full loss to stop.

In this situation think of it as Initial start up capital and investment or on going investment.By doing so the mind is clear to teach you without the burden of being 100% totaly wrong and a total loser.


In conclution.
Anything we want to learn takes 3 months to sink into the subconscious mind so dont expect immediate results but persist.

In the case studies around demoing i have found that unless a system and trader is 100% fully operational,consistant and profitable for at the very lest 6 months the extra pshycological pressure of "going live" upon the mind is to great and distorts a previously functional trader and system.

If this is the case lean on that wall with consistant investments in your buisness and yourselves till it gives way to profits in demo again and slowly gain your ground.

Be honest with yourself.You deserve the very best.

Herr Doktor D

yes hun....when you coming to bed?

Trading continues and we have a long position now. Another trick I use here while drawing DSRI is I modify it as it evolves due to momentum change. On this attached chart, I have highlighted this fact by drawing two DSRI with different slopes and the bar with arrow closed under the modified DSRI which told me to exit the long position and open a new short position (LL/LH, bearish engulfing).

I hope I could explain what I was trying to show you. Now I'll show you some recent chart examples.

AUDCAD-Daily (as I stated previously, I am trading H4 on majors only, Crosses are from daily) - Short at the close of the bar with arrow. A good example for modifying DSRI while momentum changes.

And still holding this short position.

No comment.

No comment, same pair.

AUDCHF-Daily

Now you can practice the same principles on the AUDNZD daily chart I posted and see what I meant and how each trade on zigzags performed (you can switch to line chart, if you like a more clear picture).

Hope all these contribute to your trading.

Blackeagle
Strat Certified Trainer

Blackeagle, this is what we agreed when I discussed you joining as a Strat Certified Trainer. Your contributions are highly valued and we encourage you to do more. This is exactly in line with my methods and teachings and I am very grateful for the help and assistance.

What is also very interesting is that thousands of miles apart, we are both using DSRI in the same manner without discussing individual methods which just goes to show the power of PASR when fully understood.

Be careful though that you don't lay your cupboard bare - we need to keep some tricks up our sleeves!

My deepest thanks and don't worry about the hijack - take all the thread you need my friend.

You are more than welcome and Thank You for the credit, I'll do my best to contribute further.

Although its trendless nature since Jan 2009, the price is testing 1.0570 level third time this year. Based on what I have tried to explain as my trading method, this is definitely the one to watch.

A daily close under 1.0570 will be extremely bearish, IMO. Or an upside break of DSRI with PA may generate a quick few hundreds pips profit (until 1.0850-1.0900).

Both daily and weekly close above 0.8650 is extremely bullish. Is it real? We'll see. PA will show the way.

Aggressive traders could jump on board when price broke 0.8650 (after breaking 0.8650 on H4, the price retraced back to 0.8650 on the next H4 bar and then moved north again) or a safer play is to wait for another retracement and take long with PA. OR watching DSRI and taking short with a bearish bar, if it breaks down 0.8650 is another option.

Please see charts.

Indeed, this is another part of the bullish EUR view and according economic sentiment. A longer frame of Chunnel is revealing.

I agree with everything you said except the above. Once the money is in your account, it is your money, Mate, not the markets. Only fools treat it differently.

"For example, do you treat “found money” — gifts from grandparents, tax refunds — differently than you do the money you earn from working? If so, you’re guilty of mental accounting, and it’s probably costing you. If you’re tempted to take money out of stocks when the overall market drops, you suffer from loss aversion, and overcoming it will allow you to earn more from your investments." - Why Smart People Make Big Money Mistakes (and How to Correct Them)

Being a tad risque, Mate?

Who Strat?? He is a monk!

Look closely, Mate. Per chance it was a typo?

The jokes on me, Mate, jolly good one. However, I did find a dynamic support resistance indicator for MT4.

LOL - Blackeagle - we must have been on the same page this eve!

I have just finished Al Brooks' excellent book and for PASR traders I could not recommend it more. Now, some of you may not like this, but PASR trading is a little more than a specific candle formation. He even advocates trading any Doji bar as very risky (ie hammers, IBs etc)

When you break the PA down into it's very basics then you have SR, TLs and candles. He even rubbishes Fib's as they are just an approximation of where u might see action.

Now, one of his fav set-ups is a TL break followed by a test of the extreme of the TL channel as the traders try and re-establish the trend that just got busted.

Quite often after the break of a MAJOR TL you will get a test of the TLs extreme before the market really begins its reversal. In essence, every pull back in a trend, as long as the TL remains intact should be seen as a with trend entry.

One of his rules in the back of the book is...

"u will not make money until you stop trying to take counter trend scalps."

"you will not make money until you start trading with-trend pullbacks"

Most importantly...

"you will not make money trading reversals until you wait for the break of a significant TL and then for a strong reversal bar on a test of that trend's extreme"

So, if you want to trend counter trend then wait for a significant TL break, then a test of that channels extreme - then wait for PA to go short/long. Quite often you will get a TL break then a lower low or higher high before the TL break trade is really on. This way the market traps out early bulls or bears making the real move up/down more explosive!