(will add description tomorrow, or if I din’t, probably never will)
Since learning everything doesn’t work, I’ll have to stop myself from passively doing it as well. Confuse is not the right word to describe, losing direction is a better description.
So the point is, learn enough, then practice intensively to be profitable.
Another issue I come across is, my trading plan isn’t tight enough, so there will be time I miss good entries, and went in bad entries. So I need to have a couple rules that says if these happen, must entry.
So after restudy and restructuring from PASR thread, here is the three major confirmation of PASR entry.
I’ll let it be summary in this post, get into detail later along the way of this blog.1Again, these are just confirmation, not the setups.
1. Common Chart Pattern In Fractal
I’ll refer this as PASR chart pattern, but then it probably called trend line break out or something like that, but it really is not.
The main concept of this is just keep buying every retracement until it reverse, and avoid consolidation.
I don’t think this is hard to understand, but it sure take some time to aware that it is important when it is deep into the thread. 2Especially when English is not your main language, and you take everything literally what it mean, then you f**k up. So I’ll just post some example.
2. Confluence of SR
This is just straight forward. When horizontal SR confluence with at least 2 other tools including Strat Shadow, 200ema, boss/BB SR, fib, TL or DSR.
I prefer prioritizing TL and 200ema, when either of these 2 confluence with Strat Shadow and SR, it usually pretty strong.
3. Time Frame Harmony
It can be summarized in n#430.
Here is an example for USDCAD.
And another one for AUDCAD
There is still a couple unanswered questions about this though:
- Can I use PASR Chart Pattern to determine whether currently is bullish or bearish?
- Does every single closed PA on BB chart matter? How do I work with them?
However, just to reduce the complexity, determine where PRICE is now relative to SR and current momentum would be enough.
It needed to be simple and effective. Anything that add complexity to PASR I will kind of leave them aside for now.
Here is the thing, any Daily PASR setup that fulfill minimum of 2 confirmations above is a must entry. If I miss any PASR setup that have all 3 confirmations, I’ll do a hundred push up(unless there is valid reason).
Exit is more about discipline. This I will cover next time. So I will be focusing on Daily Chart as usual. However, since it only take 15-20min a day3Strat said that. It usually take 2 hrs for me., I will have the rest of my time trading 5min or doing 1min bootcamp.
So it will probably be something like –
– wake up, check Daily chart, find all potential 5min good trades of last closed, post them on here & forum, reply forum4with short answer due to time
– back from work, trade 5min or m1 bootcamp depend on market, reply forum if necessary
– free time, read from n#1 to n#1000, and only focus on these 50 pages. I can’t understand everything even if I read slowly anyway, so focusing on learning enough rather than learning all would help.
Of course, let’s see how long this will last. First journal lasted 3 days, 2nd journal roughly lasted 3 weeks. Third attempt here I go.
And then this happened.
No idea how it work. But it kinda worked.
Why is it so hard to understand? It’s like people intentionally try to speak in riddle so they invent English, so everyone could speak in riddles!
Nvm, just ignore me, I just got frustrated reading back the pasr thread and just not understand.
I am getting way too distracted that I almost forgot to post.
Note that this chart serve the purpose of show me what I see at the point I trade, so I can reevaluate later, after it hit my SL or TP.
As title. It is easily seen.
The issue is lying on how the monthly chart and weekly chart changes based on daily chart movement. If the bias is set right on the weekend, there will be some good trades that eventually missed because of it.
So… Let’s adjust.
Still, focus on simplicity, I will dump any tools that make my chart too crowded, or make my decision making inconsistent.
I think I gonna make frequent adjustment on my plan until I get to a comfortable zone.
Note to self: 不要僵化思想，不要对号入座，不要一厢情愿。
I kinda not making up my mind whether I want to post my trades on here for a minute there. I guess since here is where I will record my trades.
The reason I kind of holding back is, I am kind of trying to readjust the way I decide to trade or not trade. There could be a lots of major changes in criteria.
Though getting the right trade is not my priority right now. My priority is getting enough trade for me to practice my trade management.
Weekend will check on which pair is more “trade-able”, on week day only enter these. Will update my trading plan since its changed.
The focus now is NOT getting the right trade, which I wasted too much attention on. The FOCUS is TRADE MANAGEMENT.
Since I’m kinda mentally exhausted on git gud at PASR, how about throw all of these git gud out of the window and actually focus on most important part of the forex trading aspect.
Through my past few days, I kinda wondering around www to see varieties, found a lots of hot garbages, and some valuable gems. Learn a couple new stuff, then look back to see what the hell make me feeling so wrong.
Eventually indicator land guy actually able to gave me the answer I need. Strat also mentioned that. The issue with Strat is, whenever I need to look for advise, generally I will have to flip through a thread of thousand pages (with this rate, its going to be times 2 sooner and later). I’m not gonna getting the advise I need at the time I need it.
Why don’t you just ask Strat? You might ask. How do you ask about something that you don’t even know? would be my answer. The way that Strat teach people is all well and good, until you don’t know what you don’t know but it still does not work.
If you end out asking such a vague question, you will end up getting ignored, or if you ask it clear enough to show that you are lost, the advice Strat will give you 9 out of 10 is, read back the path, practice, exercise your pasr knowledge on forum and more practice. That… doesn’t work that well either. 5Plus, believe me, it is actually very demotivating to post there overall, someone will pop out and show you “good trades”, and you will never understand why as you going to see them as bold trades.
The stage where “you don’t know what you don’t know” is very problematic, and “knowing only a little” is even more dangerous.
I don’t even know what am I talking right now, I might find a time to actually make a nagging videos to record down the frustration, to see how future me will react.
I’ll take a break from PASR. Might or might not come back. The earliest that I come back is after Lunar New Year.