I took AUDJPY short about an hour before CPI. I thought it would nicely go down. I must say I didn't expect AUD and JPY to be the main currencies impacted by the US CPI...
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MY PASR journey Based on Strat's PASR Trading 76 replies
M5 PASR Trend Trading Strat 95 replies
My PASR Trend Trading Journals 3 replies
A young trader's road to profitability - PASR trading - Live 11 replies
Fibs trading and PASR 0 replies
DislikedI realize this isn't something that Strat recommended in this thread, but when I saw the rising trendline on GBPAUD on H4 (and Daily), and that the shadow entry conditions on M5 were met despite a recent resistance nearby, I took a paper trade to see if the trendline would prove stronger than the resistance. {image} {image}Ignored
Disliked{quote} The higher time frame (Daily) S/R will always be more powerful than the time frame your trading (M5). Take a look at post #2,110 and my post #2,121. You pretty much did this, but you used a trend line support on a higher time frame, if I understood your post correctly.Ignored
DislikedM5 GBPNZD {image} 1st Trade protected at profit, 2nd trade Break Even and closed prior news. (sorry about the typo in the chart, it should be too not to, hate that..)Ignored
Disliked{quote} Thanks Strat, I sincerely appreciate the absence of spoon-feeding. I think I finally understood why selling GBPAUD was not compliant with your M5 strategy, H4 is still in an uptrend. If this is not the right reason, I'll keep searching. {image}Ignored
Disliked{quote} Hi Strat. I've been reading your thread, both old and this new one for the past few months and here is the first trade I took on EURUSD yesterday morning my time (GMT+8). Lots of people took trades on 5M but I took it on WORKER. Based on my analysis I made over the weekend, I knew BIG BOSS and also BOSS were heading up. Also we have a WCC which is controlling price for the third week, (including this current week), the low of WCC coincides with SR level from BIG BOSS and they are just few pips above ROUND NUMBER 1.22, nice confluence of...Ignored
Disliked{quote} If my understanding is right, EUR NZD is moving uptrend in bigboss (M1)/ boss(W1) and worker (D1). When the price moves above WCC and on rejection by strat shadow and when there is a PASR bullish candle close beyond 0.70703 in D1 (WCC), then take a buy position. Is this right.Ignored
DislikedHi Strat, Enclosed are USD JPY charts. 1. In the monthly charts (big boss), the immediate trend is bearish. while the long term trend is Flat. I have put in the trend lines. It is broken near WCC. 2. In the weekly chart(boss) trend is bearish downtrend. 3. The daily chart WCC is broken and candle has closed below WCC yesterday. 4. My understanding is to open a trade below the yesterday's low. and go until the next resistance at 104.81. 5. SL at 108.77, yesterdays candle top. 6. Risking 1% of balance for 3 lots put together. 7. Open strategy 3 lots...Ignored
DislikedEURNZD {quote} Yes, EXCEPT ""on rejection by strat shadow"" - this should be "on SUPPORT of the Strat Shadow"Ignored
Disliked{quote} Hi BeeCee, Here's my 2 cents: 1,2) I can also see that the immediate trend is down 3) Although the worker closed below the support of the weekly control candle, I believe we need to wait for the weekly candle to close below it. Then we have our "break" 4) If the weekly candle closes below the WCC support, then we look for PASR to trade in that direction as long as there isn't more support directly below that. I am currently waiting on this pair to see if the weekly candle will close below the WCC support. And if it does, then I will look...Ignored
Disliked{quote} After being angry at myself for about 3 hours when I saw your answer, I went back to your charts and realized you are teaching PASR and that I am just overcomplicating things. Have I finally understood or will I just kick myself again when you answer this? Just in case I did, here is EURAUD yesterday which could have been a good example of what to look for: {image}Ignored
DislikedAUDJPY M5 PASR Trend Trading: Very fast one to the TP of 50pips x 2. Happy Trading, Yomi. {image}Ignored
DislikedI woke up to see the M5 charts printing some big candles across multiple pairs. I think this has to do with the USD news at 5:30am. I'm skipping today, dont want to get taken out by a random swing. Back at it tomorrow morning. {image}Ignored
DislikedI realize this isn't something that Strat recommended in this thread, but when I saw the rising trendline on GBPAUD on H4 (and Daily), and that the shadow entry conditions on M5 were met despite a recent resistance nearby, I took a paper trade to see if the trendline would prove stronger than the resistance. {image} {image}Ignored
DislikedI took AUDJPY short about an hour before CPI. I thought it would nicely go down. I must say I didn't expect AUD and JPY to be the main currencies impacted by the US CPI... {image}Ignored
DislikedUSDJPY {quote} 1. In the monthly charts (big boss), the immediate trend is bearish. while the long term trend is Flat. Look at MY Big Boss chart. Do you still SEE the long term trend as ""Flat""? Also, you have more lines on your chart than there are at King's Cross Station! Why? All you need is RESISTANCE above where PRICE is NOW and SUPPORT below where PRICE is NOW. {image} 4. and go until the next resistance at 104.81 YOU don't know your SUPPORT from RESISTANCE! - go back READ, LEARN and UNDERSTAND! 5. SL at 108.77, yesterdays candle top. ONLY...Ignored