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  • #18,101
  • May 17, 2013 2:52am May 17, 2013 2:52am
[quote=LarryK;6686835]
Quoting strat
{quote} So it is now 'good' that I am no longer on your private site, why is that? I will continue to try to apply the principles taught here, and trade conservatively and with the object of conserving my capital and not succumbing to greed. The biggest problem with all these forums is that you seldom hear about the failed trades, Patrick seems unafraid to admit to his occasional losing trades. If I enter a trade with PASR I always post it shortly after I have entered. If I trade another strategy then I say nothing here, win...
To me what matters is book balance and not losers/winners. It is the books balance that defines the success most of the time.
  • #18,102
  • May 17, 2013 9:49am May 17, 2013 9:49am
[quote=LarryK;6686835]
Quoting strat
{quote} So it is now 'good' that I am no longer on your private site, why is that? I will continue to try to apply the principles taught here, and trade conservatively and with the object of conserving my capital and not succumbing to greed. The biggest problem with all these forums is that you seldom hear about the failed trades, Patrick seems unafraid to admit to his occasional losing trades. If I enter a trade with PASR I always post it shortly after I have entered. If I trade another strategy then I say nothing here, win...
Larry, you are a person who is easily confused so I meant ""good"" in the sense that I wouldn't be confusing you even more on the private site that's all. Nothing personal at all.

I don't understand the relevance of the "failed trades" comment but, as you know, I have shown some of my failed trades both on here and on the private site. Failed trades are only potential opportunities that were closed out to protect capital at a particular point in time and merely represent our overhead in our cost of doing business.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,103
  • May 17, 2013 2:30pm May 17, 2013 2:30pm
[quote=simpleman;6686963]
Quoting LarryK
{quote} To me what matters is book balance and not losers/winners. It is the books balance that defines the success most of the time.
I agree, the book balance is what we are all trying to achieve. We work so hard on the winners and the losers go so easy.
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  • #18,104
  • May 18, 2013 12:14am May 18, 2013 12:14am
[quote=strat;6688288]
Quoting LarryK
{quote} Larry, you are a person who is easily confused so I meant ""good"" in the sense that I wouldn't be confusing you even more on the private site that's all. Nothing personal at all. I don't understand the relevance of the "failed trades" comment but, as you know, I have shown some of my failed trades both on here and on the private site. Failed trades are only potential opportunities that were closed out to protect capital at a particular point in time and merely represent our overhead in our cost of doing business....
So now I am easily confused.

The failed trades was a general reference to these forums. I bet none of us has posted ALL their trades on the forum they post on.

I am drawing a line under this discussion now, I want to get back to talking about trading PASR.

Larry
  • #18,105
  • May 18, 2013 11:26am May 18, 2013 11:26am
[quote=patrick25;6688817]
Quoting simpleman
{quote} I agree, the book balance is what we are all trying to achieve. We work so hard on the winners and the losers go so easy. {image}

Keep it up
  • #18,106
  • May 19, 2013 3:51pm May 19, 2013 3:51pm
Quoting strat
{quote} You are applying PASR very well as well as learning to deal with your "Little People" so I am impressed and hope you continue. As for the food in the jungle, you have now joined the ranks of those eating the food in the jungle! Let's SEE more.
Another HolyGrail moment for me...Strat raised me from a status of a worm

I hope he doesn't mind when i post our last conversation per PM:

Strat: "Holding your short trade on AUDCAD is difficult for most traders so you did very well. What you need to learn next is how to maximise your profit on these trends by selling strength (pull backs) and other PASR trades. I just added 2 more short trades yesterday at 1.0081 and 1.0065.

Go back and read my Dr. Joe post again. Then read it again. Then keep reading it until you "FEEL" it.

Well done!"

bullz: "Thank you very much Sir!

I owe you everything. You a great teacher and a marvelous person. All that i learned in trading i learned it from you. You would`n believe but i get not just confident with my trading but even with my personal live. Discipline, patience all this words i heard every day from the start i just understand in your thread. Less time for trading, more time for the wonderful things in life (like beer drinking).

Thank you so much Strat!

I salute you Master of PASR
  • #18,107
  • May 20, 2013 5:07am May 20, 2013 5:07am
[quote=strat;6685135]
Quoting trogger
{quote} I'm still in Wild Thing, milking all the AUD pairs for what they're worth! I'm surprised you didn't hold on for the Boss target.


Cos friday n monday be "retrace day"

"Friday, Friday
Gettin’ down on Friday
Everybody’s lookin’ forward to the weekend..."

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So, why not have a few pips on the way up too?
  • #18,108
  • Edited 8:05pm May 22, 2013 6:00pm | Edited 8:05pm
LarryK; I want to get back to talking about trading PASR.

So did you catch PASR on GBPUSD?
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,109
  • May 22, 2013 11:20pm May 22, 2013 11:20pm
Quoting strat
LarryK; I want to get back to talking about trading PASR. So did you catch PASR on GBPUSD?

The short answer is yes, and USDCHF as well

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Larry
  • #18,110
  • May 23, 2013 8:21am May 23, 2013 8:21am
Quoting LarryK
{quote} The short answer is yes, and USDCHF as well {image}{image} Larry
I am now out of both of these with less profit than I had hoped. It would appear that our friends at SNB needed a correction to the price, interfering bastards.

GU could probably have hung on, but a profit is a profit.

Larry
  • #18,111
  • May 23, 2013 9:29pm May 23, 2013 9:29pm
Quoting trogger
Quoting strat
{quote}[/b][/color][/size] Cos friday n monday be "retrace day" "Friday, Friday Gettin’ down on Friday Everybody’s lookin’ forward to the weekend..." {image} So, why not have a few pips on the way up too?
And a few more on the way back down .

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  • #18,112
  • May 24, 2013 9:52am May 24, 2013 9:52am
INDICATOR TRADING

The indicators are SCREAMING OVERBOUGHT - SELL! SELL!

So the indicator crowd SELL while followers of PASR TAKE THEIR MONEY to BUY.

There is no PRICE too high that followers of PASR won't BUY

and

There is no PRICE too low that followers of PASR won't SELL

So which would you rather do - follow squiggly lying, lagging lines or pure and raw PRICE ACTION?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,113
  • May 24, 2013 9:59am May 24, 2013 9:59am
INDICATOR TRADING

The indicators are SCREAMING OVERSOLD - BUY! BUY!

So the indicator crowd BUY while followers of PASR TAKE THEIR MONEY to SELL MORE.

There is no PRICE too high that followers of PASR won't BUY

and

There is no PRICE too low that followers of PASR won't SELL

So which would you rather do - follow squiggly lying, lagging lines or pure and raw PRICE ACTION?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,114
  • May 24, 2013 12:57pm May 24, 2013 12:57pm
Quoting strat
INDICATOR TRADING The indicators are SCREAMING OVERSOLD - BUY! BUY! So the indicator crowd BUY while followers of PASR TAKE THEIR MONEY to SELL MORE. There is no PRICE too high that followers of PASR won't BUY and There is no PRICE too low that followers of PASR won't SELL So which would you rather do - follow squiggly lying, lagging lines or pure and raw PRICE ACTION?{image}
I hear you Strat. Thanks.
olu
If you think you can or cannot do it you are correct
  • #18,115
  • May 24, 2013 9:37pm May 24, 2013 9:37pm
Student of the Month Award goes to bullzeye
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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,116
  • May 25, 2013 12:17am May 25, 2013 12:17am
Bang! Bang! Maxwell's silver hammer....

"Irrational exuberance" meets reality?

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or,

Time to buy?

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  • #18,117
  • May 25, 2013 10:38am May 25, 2013 10:38am
Quoting trogger
Bang! Bang! Maxwell's silver hammer.... "Irrational exuberance" meets reality? or, Time to buy?
That shiny stuff owes me a lot of money - but I don't trade it now.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,118
  • May 26, 2013 11:40am May 26, 2013 11:40am
MORE INDICATOR LIES, MADNESS & LOSSES

So I got a PM from a very nice IDIOT telling me I didn't UNDERSTAND or know how to use indicators to make money! Whether I do or not is not the issue but what I DO know is that I spent almost 2 decades (TIME) LOSING $thousands (MONEY) trying to make them work.

Apparently, THE WAY to use indicators to make money is when they ALL LINE UP and tell you the SAME THING. Wow, what a revelation! I tried this in the 80s and it didn't work then and it doesn't work now. It doesn't work and NEVER will work because the indicators are ALL USING THE SAME INFORMATION but just jumbled up in a different formula.

I could probably write a thesis on how and why they don't work but it would be a waste of time and effort because for the rookie, newbie and rank amateur they are very visual and "sometimes" work.

As usual, these indicator junkies trade off their "OVERSOLD" and "OVERBOUGHT" indicator areas. Long may they continue to do that! While they continue to do that we will just keep SELLING "OVERSOLD" and BUYING "OVERBOUGHT" pairs.

However, I am in debt to these indicators as they are what forced me to develop my PASR method.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,119
  • May 26, 2013 2:52pm May 26, 2013 2:52pm
Quoting strat
Student of the Month Award goes to bullzeye{image}
  • #18,120
  • Edited 9:10am May 27, 2013 8:59am | Edited 9:10am
Quoting bullzeye
{quote}
Strat: "Holding your short trade on AUDCAD is difficult for most traders so you did very well. What you need to learn next is how to maximise your profit on these trends by selling strength (pull backs) and other PASR trades. I just added 2 more short trades yesterday at 1.0081 and 1.0065. Go back and read my Dr. Joe post again. Then read it again. Then keep reading it until you "FEEL" it. Well done!"
AUD/CAD

i read about Dr. Joe about three times now or so but don't get that feeling yet. Would you be so kind and show me on the basis of this chart the possible PA candles for additional entry's just for training purposes. I highlighted a few candles of which I would think that could be our additional entry's.

Thanks

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