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  • #1,661
  • Jan 12, 2018 2:52am Jan 12, 2018 2:52am
Hi.
Added an alert to MA in Color, maybe someone will be interested.
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  • #1,662
  • Jan 12, 2018 3:38am Jan 12, 2018 3:38am
I had my eyes on EN, EA and GN. I took only GN, the other two went up without me. M5 is not really my thing, but anything can be learned, if you stick to it. You must like it, in order to stick to it. I think M5 is better suited for full time traders, because they can watch charts a lot of time. So, as I said, M5 is not really my thing, but I tried to understand how trading works on such speedy timeframes.

I saw that on H1 there was a double bottom formed with a stop hunt, and price started moving upwards, based on that double bottom, plus a BUEB. Knowing that the direction is up on H1 and that there was recent closing above the 20 ema of Strat Shadow, I was confident to look for an entry on M5. There was a hammer, but I entered 10 pips later/10minutes later, unfortunately. When there was a shooting star printed on M5, I moved SL to BE, because the 72 ema of Strat Shadow was near on H1, and it could have provided resistance and push price back down, especially that there was also horizontal S/R area. therefore, confluence.
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P.S.: Does anyone know why when I drag and drop the closing trade result, the marks are more visible on the bar chart than on the candle chart? How do I fix it?
  • #1,663
  • Jan 12, 2018 5:21am Jan 12, 2018 5:21am
Hello

Those areas that I highlighted can be considered Sup/Res ?

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  • #1,664
  • Jan 12, 2018 6:36am Jan 12, 2018 6:36am
It is all what you want to see Remember on each timeframe you have different "support and resistance" levels.... Oh my God.... the same as those damned Pivot Points. Forget all those bullshit talk about S/R, Fibonacci, Elliot Wave and more. The only thing that counts is Price Action, courage and discipline and a good mindset.
Keep it simple without too many crappy indicators!
  • #1,665
  • Jan 12, 2018 7:18am Jan 12, 2018 7:18am
H1 PASR Trend Trading.





Happy Trading......
Happy Weekend....
Yomi.
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Time always comes before price
  • #1,666
  • Jan 12, 2018 7:45am Jan 12, 2018 7:45am
Long on EURAUD at EOD yesterday on H1 BUEB through shadow. Took 50% profits this morning for +165 pips.
Stop to low of last hour bar which is just below BRN 1.5400.
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  • #1,667
  • Jan 12, 2018 10:14am Jan 12, 2018 10:14am
Quoting Saney
Hi. Added an alert to MA in Color, maybe someone will be interested. {image} {file}
Wrong thread - we don't need alerts - we have our eyes!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,668
  • Jan 12, 2018 10:23am Jan 12, 2018 10:23am
GBPNZD M5

Quoting catalin_eros
I had my eyes on EN, EA and GN. I took only GN, the other two went up without me. M5 is not really my thing, but anything can be learned, if you stick to it. You must like it, in order to stick to it. I think M5 is better suited for full time traders, because they can watch charts a lot of time. So, as I said, M5 is not really my thing, but I tried to understand how trading works on such speedy timeframes. I saw that on H1 there was a double bottom formed with a stop hunt, and price started moving upwards, based on that double bottom, plus a BUEB....
On M5 you are trading the trend NOT support and resistance targets. LEARN, READ and UNDERSTAND the Strat Shadow - it is NOT moving averages. Read Dr. Joe.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,669
  • Jan 12, 2018 10:24am Jan 12, 2018 10:24am
Quoting bistolis
Hello Those areas that I highlighted can be considered Sup/Res ? {image}
Yes
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,670
  • Jan 12, 2018 1:42pm Jan 12, 2018 1:42pm
Update on H1 EURAUD long.

Price hit my stop Friday mid day.

So good when a plan comes together.
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  • #1,671
  • Jan 12, 2018 2:12pm Jan 12, 2018 2:12pm
EURAUD

Quoting TerryDawe
Update on H1 EURAUD long. Price hit my stop Friday mid day. So good when a plan comes together. {image} {image}
Good job, Terry, you make it look SIMPLE and EASY!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,672
  • Jan 12, 2018 2:18pm Jan 12, 2018 2:18pm
Thanks Strat, Isn't that what you have been teaching all these years?

Seems to be sinking in........Almost three years now. Textbook entry on H1 with one move through shadow, then second to/through 200ema, retrace to shadow with PA and off we go with price moving back up through 200ema to resistance. When you look at the chart with the shadow, it is like a well played tune......

Have a great weekend.
  • #1,673
  • Edited 4:14pm Jan 12, 2018 2:27pm | Edited 4:14pm
Quoting strat
GBPNZD M5 {quote} On M5 you are trading the trend NOT support and resistance targets. LEARN, READ and UNDERSTAND the Strat Shadow - it is NOT moving averages. Read Dr. Joe. {image}
I see, I should have traced the HLs, and be stopped out at the end of the trend, rather than placing a TP.
  • #1,674
  • Jan 12, 2018 3:03pm Jan 12, 2018 3:03pm
Quoting TerryDawe
Update on H1 EURAUD long. Price hit my stop Friday mid day. So good when a plan comes together. {image} {image}
Nice trade! I pulled up a chart and tried to understand it. Your entry made perfect sense to me once I looked at D1 and W1.
  • #1,675
  • Jan 12, 2018 3:14pm Jan 12, 2018 3:14pm
M5

Quoting catalin_eros
{quote} I see, I should have traced the LHs, and be stopped out at the end of the trend, rather than placing a TP.
I should have traced the LHs,

NO! Forget the other mumbo jumbo you have picked up from the other threads you frequent and just trade the godamn Strat Shadow - it takes care of everything when you UNDERSTAND it. Have you read Dr. Joe yet? Hint - you keep on buying until sellers start selling!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,676
  • Jan 12, 2018 4:18pm Jan 12, 2018 4:18pm
No matter what time frame, all you need is the Shadow. Pure gold..............Look at the EURAUD H1, what to do when it goes red, what do to when it goes green?

Also check out the 200ema..........
  • #1,677
  • Jan 12, 2018 4:22pm Jan 12, 2018 4:22pm
Quoting strat
M5 {quote} I should have traced the LHs, NO! Forget the other mumbo jumbo you have picked up from the other threads you frequent and just trade the godamn Strat Shadow - it takes care of everything when you UNDERSTAND it. Have you read Dr. Joe yet? Hint - you keep on buying until sellers start selling!
Just for the record, I meant HLs for that particular trade.

Yes, I read Dr. Joe, and I thought he was talking about riding a bull trend until the sellers start selling (a LL is formed). That is why I said I should have traced the HLs.

I know you said you use the 200 ema for SL, I saw that in one of your posts. I need to study your charts more, to understand how you use the Strat Shadow.

From what I understand, I should have been in the trade until a sell signal (shooting star or BEEB/BEOB), or until the Strat Shadow changed to the sellers' side.
  • #1,678
  • Jan 12, 2018 4:59pm Jan 12, 2018 4:59pm
Quoting catalin_eros
{quote} Just for the record, I meant HLs for that particular trade. Yes, I read Dr. Joe, and I thought he was talking about riding a bull trend until the sellers start selling (a LL is formed). That is why I said I should have traced the HLs. I know you said you use the 200 ema for SL, I saw that in one of your posts. I need to study your charts more, to understand how you use the Strat Shadow. From what I understand, I should have been in the trade until a sell signal (shooting star or BEEB/BEOB), or until the Strat Shadow changed to the sellers'...
From what I understand, I should have been in the trade until a sell signal (shooting star or BEEB/BEOB), or until the Strat Shadow changed to the sellers' side.

If you are trend trading, you stay in the trade as long as buyers are buying UNTIL sellers start selling. To do this you will need to UNDERSTAND the Strat Shadow and SEE BEYOND THE CANDLES.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,679
  • Jan 12, 2018 5:07pm Jan 12, 2018 5:07pm
Quoting catalin_eros
{quote} Just for the record, I meant HLs for that particular trade. Yes, I read Dr. Joe, and I thought he was talking about riding a bull trend until the sellers start selling (a LL is formed). That is why I said I should have traced the HLs. I know you said you use the 200 ema for SL, I saw that in one of your posts. I need to study your charts more, to understand how you use the Strat Shadow. From what I understand, I should have been in the trade until a sell signal (shooting star or BEEB/BEOB), or until the Strat Shadow changed to the sellers'...

Yes, you are right, the only way to under study a great man like Strat, is to study all his charts. All I need to look for in a chart is the entry and exit, I'm done. The only way to catch up with Strat is through his old charts.

Happy weekend,
Yomi.
Time always comes before price
  • #1,680
  • Jan 12, 2018 5:28pm Jan 12, 2018 5:28pm
GBPUSD M5

FAT CITY!

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15 YEARS OF PASR ON FOREX FACTORY!
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