"Make everything as simple as possible, but not simpler" Albert Einstein
Strat's Long Term Stress Free Trading
- #14,382
- Oct 4, 2010 2:34pm Oct 4, 2010 2:34pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #14,383
- Oct 4, 2010 2:45pm Oct 4, 2010 2:45pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #14,384
- Oct 4, 2010 5:32pm Oct 4, 2010 5:32pm
As a slow reader I want to thank Strat yet again, and now especially Alexandra, CrudeCraig and Simple.
AUDJPY was a clear daily buy before reading this thread, but as I watched it this morning dropping, I noticed how important the Boss candle is and how that has to be cleared.
It all starts to make sense. What a rock-solid way to trade.....pheeeww !
Thank you.
( high of bearish Boss candle is @ 81.73 )
- #14,386
- Oct 5, 2010 6:13am Oct 5, 2010 6:13am
- | Joined Feb 2010 | Status: Trading God, Finally! | 140 Posts
Hi all.
I've started to become profitable on my demo account over the last few weeks thanks solely to this thread and Strats and the gangs teaching. It's taken me a good 2-3 months of reading this and Strats website but I think it's all sunk in!
I've not posted much but soaked up all the data into my grey matter!
I think the fact I've not had to ask many questions is testament to how good and clear this thread makes PASR methodology!
Just read, understand and do......It really is that simple.
Time to give something back.
You may or may not find a trading journal usefull and if you have not got one then please please start! I find it invaluable to stop myself taking silly trades and until I started with it I kept making stupid trades and had no way of analysing why they went wrong!
I've recently made a spreadsheet version of what I had on paper to keep my psychological brain in check when entering my trades. It's really helped me think before I take a trade and make sure my MM is right and my risk reward ratio is good enough.
I've attached my journal spreadsheet to this post as some of you other new traders (or you experienced mentor types)
might find it as useful as I have. It's designed for us newbies who are ONLY going to trade with the trend and take the meat in the middle of each move.
It's based on £ sterling which is my currency and also on 5 decimals which my broker Alpari uses but I've left all the cells unlocked so you can change it as you see fit. Also it's setup for a MICRO ACCOUNT which I have so I'm trading 0.01 lots and up. Start from acorns and all that. Theres lots of calculations which again you can play around with.
Basically just enter what a pip is worth and what you want to risk per trade (following Strats teachings of course!) and the spreasheet will work everything out for you.
Just enter data in the yellow columns and the white ones will automatically calculate for you.
I hope you find it usefull and hopefully it will keep some of you with itchy trigger fingers away from the gun!
IGNORE THE TRADES IN THE SPREADSHEET. I MADE THEM UP TO SHOW HOW IT ALL WORKS!
I've started to become profitable on my demo account over the last few weeks thanks solely to this thread and Strats and the gangs teaching. It's taken me a good 2-3 months of reading this and Strats website but I think it's all sunk in!
I've not posted much but soaked up all the data into my grey matter!
I think the fact I've not had to ask many questions is testament to how good and clear this thread makes PASR methodology!
Just read, understand and do......It really is that simple.
Time to give something back.
You may or may not find a trading journal usefull and if you have not got one then please please start! I find it invaluable to stop myself taking silly trades and until I started with it I kept making stupid trades and had no way of analysing why they went wrong!
I've recently made a spreadsheet version of what I had on paper to keep my psychological brain in check when entering my trades. It's really helped me think before I take a trade and make sure my MM is right and my risk reward ratio is good enough.
I've attached my journal spreadsheet to this post as some of you other new traders (or you experienced mentor types)
might find it as useful as I have. It's designed for us newbies who are ONLY going to trade with the trend and take the meat in the middle of each move. It's based on £ sterling which is my currency and also on 5 decimals which my broker Alpari uses but I've left all the cells unlocked so you can change it as you see fit. Also it's setup for a MICRO ACCOUNT which I have so I'm trading 0.01 lots and up. Start from acorns and all that. Theres lots of calculations which again you can play around with.
Basically just enter what a pip is worth and what you want to risk per trade (following Strats teachings of course!) and the spreasheet will work everything out for you.
Just enter data in the yellow columns and the white ones will automatically calculate for you.
I hope you find it usefull and hopefully it will keep some of you with itchy trigger fingers away from the gun!
IGNORE THE TRADES IN THE SPREADSHEET. I MADE THEM UP TO SHOW HOW IT ALL WORKS!
Study enough and it all starts looking like the Matrix...
- #14,387
- Oct 5, 2010 6:42am Oct 5, 2010 6:42am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
Hi all.
I've started to become profitable on my demo account over the last few weeks thanks solely to this thread and Strats and the gangs teaching. It's taken me a good 2-3 months of reading this and Strats website but I think it's all sunk in!
I've not posted much but soaked up all the data into my grey matter!
I think the fact I've not had to ask many questions is testament to how good and clear this thread makes PASR methodology!
Just read, understand and do......It really is that simple.
Time to give something back.
You...
Trading on demo is the easy part - all it does is reinforce your understanding of the method. Trading live, with REAL money is where we engage the 95% that does the financial damage.
Let us know when you make the switch. Thanks again.
15 YEARS OF PASR ON FOREX FACTORY!
- #14,393
- Oct 5, 2010 11:29am Oct 5, 2010 11:29am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #14,394
- Oct 5, 2010 12:24pm Oct 5, 2010 12:24pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #14,396
- Oct 5, 2010 1:13pm Oct 5, 2010 1:13pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
Good work
Thanks a lot
Julio Bento
Thanks a lot
Julio Bento
Hi all.
I've started to become profitable on my demo account over the last few weeks thanks solely to this thread and Strats and the gangs teaching. It's taken me a good 2-3 months of reading this and Strats website but I think it's all sunk in!
I've not posted much but soaked up all the data into my grey matter!
I think the fact I've not had to ask many questions is testament to how good and clear this thread makes PASR methodology!
Just read, understand and do......It really is that simple.
Time to give something back.
You...
