I want to share my failed trade and some thoughts. My take before the trade A triangle has formed. Because the market is moving sideways, it could be a good trade if the PA is good. I see a Shooting Start in the Daily (worker) so I set the Entry ...

Terry, I am confused by your post. I agree with your (Strat's) statement. However, I only see one S/R level in your example. Were you referring to a level around 1.1590 ?

The picture is just beautiful. So simple. It's harder to explain what is happening under the hood, but I will give it a go. My takeaway here is that a for a Straddle to work it needs to be aligned with the current trend or momentum. EMAs are lagging ...

I would have said that sometimes it just doesn't work the way you expect. However, now that I pay more attention to it I see that: Before Straddle #1, EMA 21 and EMA 72 are parallel- strat shadow was the same size for ~10 days Straddle #2 stops dead ...

I think in theory you either wait for the SWING to end or for PA to tell you to exit (which are very related).

Thanks Sanji. PRICE is in the middle of the WCC, you have have a very big SL, it seems risky to me. Also, MN is on a UPWARDS SWING, do you not care about that ? No direction in the MN. PRICE is again in the middle of the WCC. Entries long/short ?

Interesting, I am just learning to trade the system, improving my entries with Stop Orders might be the next step! Cheers.

Thanks for the input Mhons. I was checking the DAILY and I deleted the smaller LEVELS. I wasn't monitoring the chart when the the entry showed, so I entered in the add on, do you think it's a bad idea ? I am not sure what you mean with confrimed ...

My latest trade. There were so many 5M trades available, but I didn't have the time to monitor it, so I traded the 1H instead. I highlighted what I think were good entries in a white box. Please comment my entries, exit and levels. Cheers!

Thanks for the input. Are you just trading PA there or are you taking BOSS and BIG BOSS into account ?

You're right, it's not, didn't close below the LOW. My question now is, if it were, would you say BIG BOSS is DOWN ? I am sorry about all the questions, I am trying to figure out why you reposted Strat's posts about timeframes.

Many thanks Terry! I just realised I made some erroneous statements. I might also have the wrong LEVELs, since yours look different. My question now is, there is a BEEB in the BIG BOSS, is it then UP or DOWN ?

I remember this, but I am not sure what question you are answering with this. I sometimes have trouble identifying the IMMEDIATE trend. I believe we have to focus on the IMMEDIATE trend of the BIG BOSS, BOSS and WORKER. But please let me know if I ...

Here I come with another post! Let's see if someone comments on this one! Be skeptical of my levels. NZD USD: currently directionless, a setup might show up if PRICE drops. Big boss: On a nice DOWNTREND for years, but on a SWING UPWARDS right now. ...

This looks quiet, so here I come! Hopefully my commets will trigger some of you! Currently looking at GBP JPY, my levels might be wrong. Big Boss: Making LOWER HIGHS since May 2015. Nice steady slope DOWNWARDS, respecting Strat's shadow. BEARISH ...

Thanks Pete. I will do the same. Looking at you charts it has already started but no indication yet whether is is just a wobble or if it will continue downwards. What do you need to see to discard it being a wobble ? The BOSS crossing the 72 EMA ? ...

Of course, maybe I am not understanding when you entered. I am assuming you entered after the close of the candle you indicated. In that case, I was trying to understand the idea behind your trade. HAMMERS are PRICE REVERSAL patterns, and you ...

But you didn't know PRICE was going to REJECT the LEVEL, you entered before that. When I look at your 5M, I don't understand your entry. These 2 (blue lines), confirmed SWING HIGHs, make more sense to me:

Awesome post Pete, have you got some index on Strat's posts ? I am looking at EUR USD at the moment trying to apply that knowledge. Boss: PRICE in WCC. Huge BEARISH candle finished SWING UP, now on a SWING DOWN. Worker: PRICE in Strat's shadow, no ...

So you enter the trade when the PRICE closes beyond SUPPORT / RESISTANCE ? That feels a bit weird. Your entry didn't make a new LOW, plus there was a HAMMER just before (on M5). However, I do understand the PRICE has to be rejected to have a higher ...