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Strat's Long Term Stress Free Trading

  • #8,601
  • Dec 18, 2009 12:12am Dec 18, 2009 12:12am
Quoting PistolDave
Here is a setup I nearly took, but did not.
I was about to short it too, luckly on my platform wasn't a SS.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,602
  • Dec 18, 2009 2:30am Dec 18, 2009 2:30am
Quoting 30XTCi
This seems like a good time for me to close the trades I have running and come back next year and do it all over again.
Since my return from the UK in April, and I started reading (then re-reading) this thread, I find it hard to describe how much my confidence, patience and understanding of PASR has grown (not to mention my account balances).
For someone who used to take 8 trades a day, I'm down to 8 trades in 8 months, with a hit rate of 7-1. + 34.43% ROI.
Thanks Strat and everyone else who makes this a wonderful learning place.

Wishing all a...
GREAT signature, about analysts
  • #8,603
  • Dec 18, 2009 5:11am Dec 18, 2009 5:11am
Quoting strat
Since, for some reason, you like my past trades, here’s one from a year ago.
]
Hi Strat, Thanks for this commentary and chart.
Questions:

Trades were made on Daily TF ?
Also looks as if all were limit orders..y/n ?
  • #8,604
  • Dec 18, 2009 5:55am Dec 18, 2009 5:55am
Quoting strat
Since, for some reason, you like my past trades, here’s one from a year ago....
Yeah!

Thanks for this. Good to see how it works on a real basis.

Spinner
Spinner 'Tis in the Waiting.....
  • #8,605
  • Dec 18, 2009 7:02am Dec 18, 2009 7:02am
Quoting 30XTCi
This seems like a good time for me to close the trades I have running and come back next year and do it all over again.
Since my return from the UK in April, and I started reading (then re-reading) this thread, I find it hard to describe how much my confidence, patience and understanding of PASR has grown (not to mention my account balances).
For someone who used to take 8 trades a day, I'm down to 8 trades in 8 months, with a hit rate of 7-1. + 34.43% ROI.
Thanks Strat and everyone else who makes this a wonderful learning place.

Wishing all a...
For someone who used to take 8 trades a day, I'm down to 8 trades in 8 months, with a hit rate of 7-1. + 34.43% ROI.

And a whole lot more STRESS FREE! Well done boyo!

Merry Christmas and Happy New Year to you too.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,606
  • Dec 18, 2009 7:09am Dec 18, 2009 7:09am
Quoting Lou
Hi Strat, Thanks for this commentary and chart.
Questions:

Trades were made on Daily TF ?
Also looks as if all were limit orders..y/n ?
Yes, on the Daily and yes, orders were on Stops using Set Up bars (make PRICE move in the direction of the trade).
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,607
  • Dec 18, 2009 7:16am Dec 18, 2009 7:16am
Quoting strat
Since, for some reason, you like my past trades, here’s one from a year ago....
Post #8598

Where were my trend trailing stops protecting compounded profit?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,608
  • Dec 18, 2009 7:20am Dec 18, 2009 7:20am
Quoting strat
Post #8598

Where were my trend trailing stops protecting compounded profit?
Under each significat low?
Attached Image (click to enlarge)
Click to Enlarge Name: trail.png Size: 36 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,609
  • Dec 18, 2009 8:07am Dec 18, 2009 8:07am
Quoting soso
Under each significat low?
I agree it looks like you were pulling your SL just below higher lows at PASR points.
  • #8,610
  • Edited 9:09am Dec 18, 2009 8:54am | Edited 9:09am
Quoting soso
Under each significat low?
Took the words outa me mouth

Except, I don't quite know what u mean by..."SL pulled in on partial positions under "...

Is it like part of the positions, is it up, are you letting the stop losses being taken on part of your positions (and then adding)?

And, sorry to be hassling, how is it you do the compounding. Maybe you are entering the next trade with the amount you closed the previous one?

I'm assuming that at 22 you decided it looked like a double top and even if not, just too much work? Or that 151 s/r was enough? Or yet a doji in aprox the same place of the preious doji at 18?

Spinner
Spinner 'Tis in the Waiting.....
  • #8,611
  • Dec 18, 2009 9:29am Dec 18, 2009 9:29am
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Attached Image
  • #8,612
  • Dec 18, 2009 9:32am Dec 18, 2009 9:32am
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Very many congratulations, Marcus. Looks like he is already "picturing" beating his Dad at forex trading!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,613
  • Dec 18, 2009 10:00am Dec 18, 2009 10:00am
Quoting strat
Since, for some reason, you like my past trades, here’s one from a year ago.

Buy order above Hammer at 1

Failed to trigger so buy order above IB at 2

Failed to trigger so buy order above Hammer at 3

Failed to trigger so buy order above IB at 4

SL pulled in on partial positions under Shooting Star at 5

Positions added above Hammer at 6

SL pulled in on partial positions under doji at 7

[font=Arial]Positions...
Hi Strat,

Thanks for the post. Have a question, you saw a hammer bounced off a multi years low, so you started thinking to initial small positions to anticipate a hard pull back and watching PA along for adding and possible trend changed.
  • #8,614
  • Dec 18, 2009 10:00am Dec 18, 2009 10:00am
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Congrats!!

Not only he is probably beating a lot of the M1, M5 traders, but he also looks VERY stress free.
  • #8,615
  • Dec 18, 2009 10:06am Dec 18, 2009 10:06am
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
congratulations mstandifer.
  • #8,616
  • Dec 18, 2009 10:44am Dec 18, 2009 10:44am
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Many congratulations mstandifer!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,617
  • Dec 18, 2009 11:35am Dec 18, 2009 11:35am
Quoting Spinner
Took the words outa me mouth

Except, I don't quite know what u mean by..."SL pulled in on partial positions under "...

Is it like part of the positions, is it up, are you letting the stop losses being taken on part of your positions (and then adding)?

And, sorry to be hassling, how is it you do the compounding. Maybe you are entering the next trade with the amount you closed the previous one?

I'm assuming that at 22 you decided it looked like a double top and even if not, just too much work? Or that 151 s/r was enough? Or yet a doji in aprox...
Except, I don't quite know what u mean by..."SL pulled in on partial positions under "...

When I see reverse PASR when I am in a loaded position, I like to take partial profits. It keeps my 95% happy as I think I’ve done good (and keeps them in check when we go through the inevitable correction!)

How is it you do the compounding?

That is my MGM!

Since I do completely the opposite of what the “experts” and text books tell you to do, I cannot disclose it on here.

This is for advanced trading when you can do basic PASR with your eyes closed while hanging upside down from the Firth of Fourth bridge eating haggis with one hand and playing the pipes with the other!

I'm assuming that at 22 you decided it looked like a double top and even if not, just too much work? Or that 151 s/r was enough? Or yet a doji in approx the same place of the previous doji at 18?

I did think about a double top, but not enough to shut the MGM down. Never ever too much work in compounding profits though!.

In all honesty, I screwed up and chickened out.

I was not mentally in the right frame of mind to do this properly. At this time, I was participating on another thread/chat room/live trading room trying to do M15 and M5 trading. This was causing me so much stress and frustration that I could not do both at the same time, even though this trade was on the Worker and only took a few minutes after NY close.

Not thinking logically, I basically did the OPPOSITE of cut your losses and let your winners run.

I cut this compounding profit trade to focus on LOSING on M15 and M5!

I was in such a mess that, although I didn’t realise it at the time, I was not thinking properly and making the wrong decisions.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,618
  • Dec 18, 2009 11:46am Dec 18, 2009 11:46am
Quoting patrick25
Hi Strat,

Thanks for the post. Have a question, you saw a hammer bounced off a multi years low, so you started thinking to initial small positions to anticipate a hard pull back and watching PA along for adding and possible trend changed.
Have a question, you saw a hammer bounced off a multi years low, so you started thinking to initial small positions to anticipate a hard pull back and watching PA along for adding and possible trend changed.

Remember, I am not just trading with basic PASR. I am just a few steps further on The Path adding some stuff I learned AND PRACTICED along the way.

The BIGGEST and MOST IMPORTANT aspect I learned was CONTROLLING THE 95% THAT DOES THE FINANCIAL DAMAGE.

The technical PASR and other stuff is a walk in the park compared to the psycho issues that go on during this type of trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,619
  • Dec 18, 2009 12:49pm Dec 18, 2009 12:49pm
congratulations mstandifer.
  • #8,620
  • Edited 9:03pm Dec 18, 2009 3:28pm | Edited 9:03pm
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m

Looks to me like he's been watching E/J since March. Fortunately he is about to wake up.
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