Strat's Long Term Stress Free Trading | Page 986 | 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

  • #19,701
  • Sep 19, 2014 12:33pm Sep 19, 2014 12:33pm
Quoting strat
Trading without indicators {image} But you ARE good enough, Steve, you just haven't given yourself enough time which means you are just using squiggly lines and coloured building blocks as a crutch.

Hi Strat,

Nice of you to say so.

You are right, I do use the indicators as "stabilisers" to confirm my trade decisions.

I certainly don't let them rule my decision process.

In time, I'm sure I'll be able to remove the "stabilisers"

Hope things going well with you I can see your trading is on track as always.

Cheers

Steve
  • #19,702
  • Sep 19, 2014 8:52pm Sep 19, 2014 8:52pm
STOP RUNS

Here is an extract from a post I did for the students on the latest STOP RUN by the Big Boys.

I had already warned my students of a likely STOP RUN and to STAY OUT of the GBPxxx pairs, in fact I told them when I went flat on all GBPxxx pairs.

Attached Image (click to enlarge)
Click to Enlarge Name: stop runs.PNG Size: 51 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,703
  • Sep 19, 2014 9:14pm Sep 19, 2014 9:14pm
Quoting strat
STOP RUNS Here is an extract from a post I did for the students on the latest STOP RUN by the Big Boys. I had already warned my students of a likely STOP RUN and to STAY OUT of the GBPxxx pairs, in fact I told them when I went flat on all GBPxxx pairs. {image} {image}
Dear Strat,

Excellent forecast.

bye
ajentha
  • #19,704
  • Edited 5:31pm Sep 20, 2014 5:18am | Edited 5:31pm
Quoting strat
Trading without indicators.......just using squiggly lines and coloured building blocks as a crutch.
Absolutely Strat. I'm on a mission and I somehow misuse your thread once in a while I hope you don't mind. I just want to be grateful and give back a little.

I'm so anti-indicator because they cost me so much pain and desperation (not much money though except the one I didn't make) in the past till I found this thread. So if I can convince even one person to keep trading simple and learn so spot SR levels then the rest will fall in place, I will be as happy as hell.

Indicators do:
Create confusion and corrupt clear decision making
Create Dependance (traders turn to them as a signal service and shift their decision making from themselves to the Indicators)
Create distraction moving your mind away from the actual place where to look for when thinking to take a trade i.e. PASR

Use as a crutch, yes, or for decoration if one feels better having some on the chart. Actually this approach helped me to get rid of them. I admit I still play with Indicators to see what the rest of the world is doing when trading is boring BUT I DO NOT USE THEM FOR TRADING.

Here is an example where the crutch was turned into a hazardous tool to empty your trading account. Got it in my mailbox this morning.
The cost USD 4,995.00 (for 5 years) for Indices and Forex. The one who is selling this obviously doesn't need to trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 193 KB


I have highlighted the same period on a 1H chart 12/12/2013 below. Do you see any trades to take? Well I can't. What was the creator of the system thinking? With a mess like on 3 min chart above he wants to trade a poisonous snake like the DAX, glued to the screen the whole day for a few Ticks...if lucky... or a long frustrated face if luck has left him.


On the other hand, looking at the whole chart below, any PASR trader would have made a killing especially if your account size allows Standard Orders. Enough money from just a few days of trading for holidays over Christmas/New Year. Obvious entries, little risk and LOTS PIPS. And the best thing, to set up this chart costs nothing, niente, nada.....IT'S FREE (only patience needed)!! If you are serious about trading, please do yourself a favor......

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.gif Size: 97 KB
  • #19,705
  • Sep 20, 2014 2:07pm Sep 20, 2014 2:07pm
INDICATORS

Quoting rplust
{quote} Absolutely Strat. I'm on a mission and I somehow misuse your thread once in a while I hope you don't mind. I just want to be grateful and give back a little. I'm so anti-indicator because they cost me so much pain and desperation (not much money though except the one I didn't make) in the past till I found this thread. So if I can convince even one person to keep trading simple and learn so spot SR levels then the rest will fall in place, I will be as happy as hell.
I didn't realise there was another person so vehemently against indicators as me - feel free to misuse the thread anytime!

This is at a time when the only interest in the Trading Systems thread is the two popular squiggly line, coloured building blocks indicator threads - even the "out of this world" thread has given way to them.

What is becoming very interesting is that the thread starter of the most popular indicator thread keeps adding indicators and changing indicators ad nauseum to filter out "bad" trades they took, along with complex conditions on where the indicator should be relative to its "overbought" and "oversold" levels without realising that he is optimising it so much that it won't work on the simplest of conditions. Even more laughable was when they were trying to filter out a recent losing trade by looking for a certain squiggly line to make a half cycle first, no, only a quarter cycle first - what they FAILED TO SEE was that PRICE was at a BRN! There is ONLY one indicator for that, and we were born with it and it's already there, between our ears if only they had the common sense to use it.

What is even more fascinating to me is that nowhere, NOWHERE is there any mention of PRICE let alone PRICE ACTION!

Worse still, is that all his followers don't realise is that he is EXPERIMENTING with them - they think he is some sort of magical forex guru whereas he is just trying out his ideas on them as he goes from one set of multicolinear indicators to another different, but still multicolinear, set of indicators.

Just to show how confused he is, this is his INSPIRATION from the first page on his first Trading Journal thread:
Attached Image (click to enlarge)
Click to Enlarge Name: INSPIRATION.PNG Size: 282 KB


I wonder when he last consulted his INSPIRATION (MAKE EVERYTHING AS SIMPLE AS POSSIBLE, BUT NOT SIMPLER) or maybe he feels he is GREATER than his INSPIRATION?

What can be more simple than PASR - PRICE ACTION at SUPPORT and RESISTANCE?
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,706
  • Sep 20, 2014 6:59pm Sep 20, 2014 6:59pm
Quoting stevepatt
{quote} In time, I'm sure I'll be able to remove the "stabilisers"
It doesn't work like that, Steve. The longer you use them (even if only for confirmation) the MORE you (read your Little People - your sub-conscious) rely on them. You get more and more addicted to them. Eventually it will turn itself upside down - your stabilisers/confirmation will become your main decision making tool and the rest will become your confirmation. Just like smoking, dope, acid etc., you need to go cold turkey and chop them off at the knees. From what you have demonstrated on here and elsewhere you are a common sense guy and trade very well without them.
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,707
  • Sep 21, 2014 3:16am Sep 21, 2014 3:16am
Quoting strat
STOP RUNS Here is an extract from a post I did for the students on the latest STOP RUN by the Big Boys. I had already warned my students of a likely STOP RUN and to STAY OUT of the GBPxxx pairs, in fact I told them when I went flat on all GBPxxx pairs. {image} {image}
Yes GREAT stuff............................THKS
  • #19,708
  • Sep 22, 2014 9:57pm Sep 22, 2014 9:57pm
AUDCHF

The fat lady is definitely singing on this one! (It could also be Roy Orbison singing "It's Over")

Attached Image (click to enlarge)
Click to Enlarge Name: audchf BIG BOSS.PNG Size: 60 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,709
  • Sep 23, 2014 6:17pm Sep 23, 2014 6:17pm
GBPCAD

For the Elliott Wave crowd:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad EW.PNG Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,710
  • Sep 24, 2014 10:16pm Sep 24, 2014 10:16pm
NZDUSD

PRICE at BRN 0.8 - any takers?

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.PNG Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,711
  • Oct 1, 2014 5:25am Oct 1, 2014 5:25am
Got an invitation to a Seminar today.... "Ever bought on support and sold on resistance, and the moment you entered the trade, you lost money? You need better indicators!"
I had a look at the Website: For 97,- only you can buy yourself a profitable future in trading. It's for those who still believe there must be a shortcut and one does not need to learn.

The rest trades like this: The SR levels are obvious, right!
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.gif Size: 88 KB
  • #19,712
  • Oct 1, 2014 5:29am Oct 1, 2014 5:29am
Quoting strat
NZDUSD PRICE at BRN 0.8 - any takers? {image}
Dear Strat,

BRN 0.8 means, NZDUSD is BUY now and Profit target will reach '0.80000'! I' m correct?

Regards,
ajentha
  • #19,713
  • Oct 1, 2014 5:59am Oct 1, 2014 5:59am
Quoting ajentha
{quote} Dear Strat, BRN 0.8 means, NZDUSD is BUY now and Profit target will reach '0.80000'! I' m correct? Regards, ajentha
Don't understand your question

Price was at 0.80 a week ago, moved down to 0.77074 and now still below 0.78 as shown on my chart = trade what you see on your chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1-10-2014 8-54-50 PM.png Size: 291 KB
It takes a lot for me to IGNORE you, but you can try.
  • #19,714
  • Oct 1, 2014 8:47am Oct 1, 2014 8:47am
Quoting ajentha
{quote} Dear Strat, BRN 0.8 means, NZDUSD is BUY now and Profit target will reach '0.80000'! I' m correct? Regards, ajentha
BRN means Big Round Number at 0.8 which ""may"" be a target for the Big Boys. We only start buying when the sellers have stopped selling and the buyers start buying.
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,715
  • Oct 1, 2014 8:52am Oct 1, 2014 8:52am
Quoting rplust
The rest trades like this: The SR levels are obvious, right!
Very obvious to us but, surprisingly, not to everyone.

I have a question for you outside this Forum but as a Commercial Member, I cannot PM you so can you contact me through my website? Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,716
  • Oct 1, 2014 10:30am Oct 1, 2014 10:30am
Quoting strat
{quote} BRN means Big Round Number at 0.8 which ""may"" be a target for the Big Boys. We only start buying when the sellers have stopped selling and the buyers start buying.
Dear Start,

Thanks a lot, I understood the reversal concept.

Best regards,
ajentha
  • #19,717
  • Oct 1, 2014 10:36am Oct 1, 2014 10:36am
Quoting Erebus
{quote} Don't understand your question Price was at 0.80 a week ago, moved down to 0.77074 and now still below 0.78 as shown on my chart = trade what you see on your chart {image}
Thank you for your reply,

Veteran Mr. Strat explain excellently reversal how to happen.

Regards,
ajentha
  • #19,718
  • Oct 3, 2014 4:20pm Oct 3, 2014 4:20pm
CADCHF

Successful test of SUPPORT for LONG positions

Attached Image (click to enlarge)
Click to Enlarge Name: cachf.PNG Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,719
  • Oct 3, 2014 9:33pm Oct 3, 2014 9:33pm
Quoting strat
{quote} Very obvious to us but, surprisingly, not to everyone. I have a question for you outside this Forum but as a Commercial Member, I cannot PM you so can you contact me through my website? Thank you.
I did send you my contact details via your website on Thursday.
  • #19,720
  • Oct 3, 2014 10:06pm Oct 3, 2014 10:06pm
Quoting rplust
{quote} I did send you my contact details via your website on Thursday.
Hmm, I looked in "Help Desk - Contact Us" and "Newly Registered Members" but could not find anything - I'm not the best at this stuff - can you tell me where you posted? Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
54 traders viewing now