Strat's Long Term Stress Free Trading | Page 865 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Strat's PASR Long Term, Stress Free Trading 18,592 replies

M5 PASR Trend Trading Strat 95 replies

What you need for trading: indis, a strat & good music 27 replies

Another way to stress free, mechanic long term trading 29 replies

Short Term / Medium Term / Long Term? 3 replies

Attachments: Strat's Long Term Stress Free Trading
Exit Attachments

Strat's Long Term Stress Free Trading

  • #17,281
  • Jan 6, 2013 2:06pm Jan 6, 2013 2:06pm
Quoting Michael-SPA
So, this Daily Hammer (the king of price action trading) is not trade-able according to the simple, basics and foundation trading of PASR because of the following:

Price can move either north 80 pips but also she can go south 64 pips. Definitely, price is uncertain and she can do whatever she wants. I understand this.

Moreover, the relevant PA setup has not a potential of a triple digit movement with existing facts. How do we know this in simple terms? I mean what are these specific facts that indicate a movement less than 3 digits?

Finally,...
You still avoid answering on my specific questions. Do you have answers?

How can I doubt SPA since I already plan a trade?

Did you read and understand the reality about simplicity?
  • #17,282
  • Jan 6, 2013 2:15pm Jan 6, 2013 2:15pm
Quoting strat
I haven't a clue what you are talking about. We don't need to flip the chart anywhere, we just READ what we SEE on the charts.

I am always honest, brutally honest
Since 95% of a trader's success is trading psychology, here is a little tip:

The Gravity Effect (Trading Psychology)

As traders, we are naturally sensitive to the gravity effect of an anticipated price movement of a price action setup. For instance, a downward price movement which resulted from a Bearish candlestick pattern appears to move naturally and especially if price accelerates.

This is an accurate perception because we are likely to to make errors when we attempt to analyze a potential price path or acceleration of a Bullish price action setup where its anticipated price movement is against the gravity effect.

Our human perception embodies a general gravity principle that a body in motion is subjected to a downward attraction. This is just a human physical constrain and it is scientifically proven. We must promptly acknowledge and eliminate this sensitivity from our trading decision process.

The solution is very simple: We flip our chart vertically and we examine once again using the same method the reversed situation of the price action setup. If both evaluations come to an agreement then the gravity effect is certainly out of issue.
  • #17,283
  • Jan 6, 2013 2:20pm Jan 6, 2013 2:20pm
Quoting Michael-SPA
Last question: Could your perspective towards the existing PA setup on the chart below differ after flipping the chart vertically and always in the essence of PASR? If yes why? Be honest...

Why would you want to risk twice the amount you are hoping to gain and why would you want to risk 1% of your avalable capital on such a trade?

Stat's has already pointed out that there are easier pairs to trade and better times to do it.

However by turning the chart upside down and by following your long (ie: candle now goes up rather than down on the chart) you at least have turned the odds in your favour!

Good luck your going to need it
  • #17,284
  • Jan 6, 2013 3:59pm Jan 6, 2013 3:59pm
Quoting stgeorge
Why would you want to risk twice the amount you are hoping to gain and why would you want to risk 1% of your avalable capital on such a trade?

Stat's has already pointed out that there are easier pairs to trade and better times to do it.

However by turning the chart upside down and by following your long (ie: candle now goes up rather than down on the chart) you at least have turned the odds in your favour!

Good luck your going to need it
I could give you the answers if I really believed that you are ready to listen and learn.

There is not an easy pair to trade, the risk reward is a myth and last but not least luck have no place in this business.

Read the following:

The eleventh mistake of careless traders is falling in love with the story of their analysis. It is the “I know I am right syndrome” I mentioned earlier. This “me against my ego” mental state will directly lead your account into destruction. You have to train yourself to accept the fear of being wrong because market doesn't care about you or your analysis.
  • #17,285
  • Jan 6, 2013 5:06pm Jan 6, 2013 5:06pm
Trade Adjustments

Due to the direct price acceleration towards our conservative buy stop level and the lack of direct price retrace on the internal unconfirmed Monthly support level, we reduced the capital risk exposure into the minimum possible of 0.2L to assist the defensive exit 2 parts (DE2P).

Since the trading platform didn't permit us to place a pending buy stop order, we instantly executed the trade at 1.0362.
See below the new parameters of the trade
Attached Image (click to enlarge)
Click to Enlarge Name: 07-Jan-13 12-48-28 AM.gif Size: 31 KB
  • #17,286
  • Jan 6, 2013 5:11pm Jan 6, 2013 5:11pm
Quoting Michael-SPA
You have to train yourself to accept the fear of being wrong because market doesn't care about you or your analysis.
That's uncanny because not many people here care about you or YOUR anlaysis!

I could give you the answers if I really believed that you are ready to listen and learn. But I don't think you are.
  • #17,287
  • Jan 6, 2013 5:13pm Jan 6, 2013 5:13pm
Quoting Michael-SPA
Trade Adjustments

Due to the direct price acceleration towards our conservative buy stop level and the lack of direct price retrace on the internal unconfirmed Monthly support level, we reduced the capital risk exposure into the minimum possible of 0.2L to assist the defensive exit 2 parts (DE2P).

Since the trading platform didn't permit us to place a pending buy stop order, we instantly executed the trade at 1.0362.
See below the new parameters of the trade
Hey Michael,

As an outsider looking in I would think it would be smarter to create your own thread with its own rules and strategies as it is clear to see that your trading style and methods are different then Strat's Long Term PASR Stress Free Trading.

I only recently (in the past few months) have been learning PASR as I was solely trading using a technical strategy before. I started my own thread with my own trading strategy for people to visit in case they were curious or interested. Seems to be a better idea then to jump in somebody else's thread which already discusses its own particular trading style. Just a thought...
  • #17,288
  • Jan 6, 2013 5:23pm Jan 6, 2013 5:23pm
Quoting 100PipsADay
Hey Michael,

As an outsider looking in I would think it would be smarter to create your own thread with its own rules and strategies as it is clear to see that your trading style and methods are different then Strat's Long Term PASR Stress Free Trading.

I only recently (in the past few months) have been learning PASR as I was solely trading using a technical strategy before. I started my own thread with my own trading strategy for people to visit in case they were curious or interested. Seems to be a better idea then to jump in somebody...
The trouble is that way he won't attract as much interest so that when he wants to sell his system he won't have as much exposure. It makes much more sense to try to take over a much more popular traders thread and gain some interest so that by the time he starts his own thread selling his shit he will have a bit more of an audience.
  • #17,289
  • Jan 6, 2013 5:31pm Jan 6, 2013 5:31pm
Quoting Hugh Briss
The trouble is that way he won't attract as much interest so that when he wants to sell his system he won't have as much exposure. It makes much more sense to try to take over a much more popular traders thread and gain some interest so that by the time he starts his own thread selling his shit he will have a bit more of an audience.
You are right with one difference I DON'T NEED OR INTEND TO SELL. What are you selling?

IF YOU WANT TO HELP THEN HELP FOR FREE.

You have more than 2500 posts. Are you trading or playing around?

I think I have done my job here.
  • #17,290
  • Jan 6, 2013 5:39pm Jan 6, 2013 5:39pm
Quoting Michael-SPA
You are right with one difference I DON'T NEED OR INTEND TO SELL. What are you selling?

IF YOU WANT TO HELP THEN HELP FOR FREE.

You have more than 2500 posts. Are you trading or playing around?

I think I have done my job here.
I think you have... Bye!
  • #17,291
  • Jan 6, 2013 6:08pm Jan 6, 2013 6:08pm
Quoting Hugh Briss
The trouble is that way he won't attract as much interest so that when he wants to sell his system he won't have as much exposure. It makes much more sense to try to take over a much more popular traders thread and gain some interest so that by the time he starts his own thread selling his shit he will have a bit more of an audience.
You are probably right, I guess when people can't make money trading their system they resort to having to sell their system...
  • #17,292
  • Jan 6, 2013 6:25pm Jan 6, 2013 6:25pm
Quoting 100PipsADay
You are probably right, I guess when people can't make money trading their system they resort to having to sell their system...
You are right and this is the truth.

Hugh Briss you left your website members to trade a fund. What about your own funds? Where are they? I can show you my account. Can you show me yours?
  • #17,293
  • Jan 6, 2013 6:38pm Jan 6, 2013 6:38pm
Quoting Michael-SPA
You are right and this is the truth.

Hugh Briss you left your website members to trade a fund. What about your own funds? Where are they? I can show you my account. Can you show me yours?
I give in Michael, your dick is bigger than mine...
  • #17,294
  • Jan 6, 2013 7:05pm Jan 6, 2013 7:05pm
Quoting Michael-SPA
Hugh Briss you left your website members to trade a fund.
This isn't correct either as any current members of my site have my full support. Sorry about that.
  • #17,295
  • Jan 6, 2013 7:37pm Jan 6, 2013 7:37pm
Quoting Hugh Briss
This isn't correct either as any current members of my site have my full support. Sorry about that.
If you need any help that I can offer, you are more than welcome to email me.
  • #17,296
  • Jan 6, 2013 7:43pm Jan 6, 2013 7:43pm
Quoting Michael-SPA
If you need any help that I can offer, you are more than welcome to email me.
I might consider this when I am trading my new fund. Or not.
  • #17,297
  • Jan 6, 2013 7:49pm Jan 6, 2013 7:49pm
Quoting Hugh Briss
I might consider this when I am trading my new fund. Or not.
Trading a fund is not an easy task. You need to show profits. You automatically become profit-oriented. This is a deadly trading error. I wish you all the best.

Accept my apologies if I upset you. This is not my character. I leave this thread as it seems I have nothing to offer.

Wish you all safe trading
  • #17,298
  • Jan 6, 2013 8:00pm Jan 6, 2013 8:00pm
Quoting Michael-SPA
Trading a fund is not an easy task. You need to show profits. You automatically become profit-oriented. This is a deadly trading error. I wish you all the best.

Accept my apologies if I upset you. This is not my character. I leave this thread as it seems I have nothing to offer.

Wish you all safe trading
I think you have plenty to offer, just not on this thread!

My investors and I know that I am oriented towards the maximum profit that a trade can give even if this means sometimes giving some profits back to the market. This mindset takes years to develop as I am sure you already know and understand. I don't think we are that far apart, just approaching from different angles. I wish you the best of luck with your SPA method.
  • #17,299
  • Jan 6, 2013 10:34pm Jan 6, 2013 10:34pm
Quoting Hugh Briss
The trouble is that way he won't attract as much interest so that when he wants to sell his system he won't have as much exposure. It makes much more sense to try to take over a much more popular traders thread and gain some interest so that by the time he starts his own thread selling his shit he will have a bit more of an audience.
lol anyone who peddles shit is you,talk about the kettle calling the cooking pot black,and posting on here to talk about your fund,i dont belive you have found 1 mug to give you a penny to trade.
hugh you dont trade this method and strat can stand up for him self,as a member of strats leave this thread alone and peddle your shit elsewhere.
keep your crap off here and pm me if you have anything more to add,but like you it will be a waste of time cos i wont read it.
student
  • #17,300
  • Jan 7, 2013 2:13am Jan 7, 2013 2:13am
Quoting garrye
lol anyone who peddles shit is you,talk about the kettle calling the cooking pot black,and posting on here to talk about your fund,i dont belive you have found 1 mug to give you a penny to trade.
hugh you dont trade this method and strat can stand up for him self,as a member of strats leave this thread alone and peddle your shit elsewhere.
keep your crap off here and pm me if you have anything more to add,but like you it will be a waste of time cos i wont read it.
You've been on my ignore list for a while but I happened to take a look at this to see if you had anything intelligent to add. Obviously not, I should have known better.
39 traders viewing now