EURCAD
Boss
Price break out the WCC, "will" re-test next Support 1.5200.
Boss
Price break out the WCC, "will" re-test next Support 1.5200.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
GBPJPY
Boss
Worker
your FEARS will act against you in such a way that you will cause the very thing you are afraid of to actually happen. If you're afraid of being wrong, your FEAR will act upon your perception of market information in a way that will cause you to do something that ends up making you wrong.
When you are fearful, no other possibilities exist. You can't perceive other possibilities or act on them properly, even if you did manage to perceive them, because fear is immobilizing. Physically, it causes us to freeze or run.
cold reality of trading is that every trade has an UNCERTAIN outcome. Unless you learn to completely accept the possibility of an UNCERTAIN outcome, you will try either consciously or unconsciously to avoid any possibility you define as painful.
GBPJPY Big Boss {image} Boss {image} Worker Price is at Strong Support. Waiting it CLOSED below the Support. {image}
Worker
your FEARS will act against you in such a way that you will cause the very thing you are afraid of to actually happen. If you're afraid of being wrong, your FEAR will act upon your perception of market information in a way that will cause you to do something that ends up making you wrong.
When you are fearful, no other possibilities exist. You can't perceive other possibilities or act on them properly, even if you did manage to perceive them, because fear is immobilizing. Physically, it causes us to freeze or run.
cold reality of trading is that every trade has an UNCERTAIN outcome. Unless you learn to completely accept the possibility of an UNCERTAIN outcome, you will try either consciously or unconsciously to avoid any possibility you define as painful.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
FOCUS
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
EURAUD
Boss
Price break out the WCC, but at the Support and top of the Strat Shadow.
Worker
Hammer at the Support.
Exit later. I should exit at the Support 1.5780-1.5790 as TP. I just want to wait to see what PA will be at the Support 1.5775 as this is a DOWNTREND.
I will exit if the Price re-test the Support 1.5775.
H4
Price at the Resistance of H4 chart.
EURAUD Boss {image} Worker {image}
Price break out the WCC, but at the Support and top of the Strat Shadow.
Worker
Hammer at the Support.
Exit later. I should exit at the Support 1.5780-1.5790 as TP. I just want to wait to see what PA will be at the Support 1.5775 as this is a DOWNTREND.
I will exit if the Price re-test the Support 1.5775.
H4
Price at the Resistance of H4 chart.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
AUDCAD
Boss
Althougt there is a Typical HAMMER, but it is TRAPPED in WCC and it is a DOWN TREND.
Worker
PLAN 1#: SEE the PA at the bottom of Strat Shadow as Resistance.
PLAN 2#: WAITING a HL be made to Long.
Boss
Althougt there is a Typical HAMMER, but it is TRAPPED in WCC and it is a DOWN TREND.
Worker
PLAN 1#: SEE the PA at the bottom of Strat Shadow as Resistance.
PLAN 2#: WAITING a HL be made to Long.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
GBPCAD
Boss
UP TREND, HL-HH
Price is at the bottom of Strat Shadow as Support, will re-test the top of Strat Shadow as Resistance.
Worker
DOWN TREND, LH-LL
H4
make HL-HH structure， but the Worker didn't make a LONG signal, WAIT the worker make a HL.
ALWAYS TRADE IN THE DIRECTION OF THE TREND. DON'T BE TEMPTED.
GBPCAD Price is testing the bottom of Strat Shadow as Support. {image}
UP TREND, HL-HH
Price is at the bottom of Strat Shadow as Support, will re-test the top of Strat Shadow as Resistance.
Worker
DOWN TREND, LH-LL
H4
make HL-HH structure， but the Worker didn't make a LONG signal, WAIT the worker make a HL.
ALWAYS TRADE IN THE DIRECTION OF THE TREND. DON'T BE TEMPTED.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
GBPAUD
Boss
Worker
should SHORT below the Pinbar.
Price will re-test the top of Strat Shadow as Resistance.
GBPAUD Boss {image} Worker {image} H4 Look for R:R=3:1 {image}
Worker
should SHORT below the Pinbar.
Price will re-test the top of Strat Shadow as Resistance.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
EURJPY
Boss
Pirce is UP from the Support bottome of Strat Shadow. Now is re-test the top of Shrat Shadow as Resistance.
Trapped in WCC.
Worker
Price is at the Resistance, the bottome of Strat Shadow.
SEE if make a SHORT PA signal to continue the DOWN TREND.
EURJPY Big Boss {image} Boss Price broke the WCC, "will" re-test the bottom of Strat Shadow as Support. {image} Worker {image}
Pirce is UP from the Support bottome of Strat Shadow. Now is re-test the top of Shrat Shadow as Resistance.
Trapped in WCC.
Worker
Price is at the Resistance, the bottome of Strat Shadow.
SEE if make a SHORT PA signal to continue the DOWN TREND.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
NZDJPY
Boss
Worker
BUEB Signal, drop down to H4 look for better entry and better R:R.
H4
HL, BUEB and CLOSED above the Strat Shadow. R:R=2.
Boss
Worker
BUEB Signal, drop down to H4 look for better entry and better R:R.
H4
HL, BUEB and CLOSED above the Strat Shadow. R:R=2.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
EURJPY
Boss
Price is TRAPPED in the WCC and in the wedge.
Worker
H4
Entry is well. First, the HAMMER Signal on Worker chart. Then drop down to H4, SEE a LH structure. ENTER at BEEB.
Didn't EXIT on time. If price is arrive at the Support and 1.5 X ATR(10), we should EXIT on time to protect the profit.
EURJPY {quote} Boss Pirce is UP from the Support bottome of Strat Shadow. Now is re-test the top of Shrat Shadow as Resistance. Trapped in WCC. {image} Worker Price is at the Resistance, the bottome of Strat Shadow. SEE if make a SHORT PA signal to continue the DOWN TREND. {image}
Price is TRAPPED in the WCC and in the wedge.
Worker
H4
Entry is well. First, the HAMMER Signal on Worker chart. Then drop down to H4, SEE a LH structure. ENTER at BEEB.
Didn't EXIT on time. If price is arrive at the Support and 1.5 X ATR(10), we should EXIT on time to protect the profit.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
Trading PLAN For Week 21th
EURUSD
GBPUSD
AUDUSD
NZDUSD
EURAUD
EURCAD
NZDJPY
See #Post 130
EURJPY
See #Post 132
Boss: The Price is TRAPPED in WCC and the top/bottom of Strat Shadow.
No Trade, left it to the trader which is live for trade.
EURUSD
GBPUSD
AUDUSD
NZDUSD
EURAUD
EURCAD
NZDJPY
See #Post 130
EURJPY
See #Post 132
Boss: The Price is TRAPPED in WCC and the top/bottom of Strat Shadow.
No Trade, left it to the trader which is live for trade.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
AUDJPY
Typical Shooting Star
Boss
Worker
Typical Shooting Star
Boss
Worker
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
Professionals do NOT lose focus by wandering around listening to, watching and hearing GOSSIP.
Professionals FOCUS all their energies and resources on trading.
Professionals do not allow themselves to be DISTRACTED by GOSSIP and other useless non trading activities.
just remember that your understanding of PASR is only 5% of the trading puzzle. The remaining 95% is Trading Psychology and more specific, your Little People.
By drawing that rectangle you are creating a wall that your Little People subconsciously and automatically will force you to trade long above it and short below it. This is taking the decision away from your trading brain which you MUST keep powered up at 100% efficiency.
Also remember that nothing in trading, NOTHING is set in stone. The Big Boys don't care where you or I have our lines, areas, zones, Strat Shadow - they take PRICE where they want it to go and NOT where we think or expect it to go. We have to SEE BEYOND THE CANDLES which comes with experience.
PASR is not a set of rules for a given condition - it is a COMPLETE strategy for ALL Market conditions which takes thousands of hours studying thousands of charts applying what has been learned in both my threads. We have Basic PASR, Swing PASR and Trend PASR which can be used separately or all together DEPENDING on the Market conditions.
How can I look beyond the candle?
...Instead of just seeing a candle, think of why that candle has its shape and proportions. Think of who/what made that candle. Who was in control - sellers or buyers? How does that candle fit in with the current trend/sentiment? What caused the body? What caused the wicks and tails? Where were the wicks and tails? Where is this candle, body, wick, tail in relation to the previous candle and candles? Where is that candle in relation to the immediate structure (Weekly Control Candle, Trend, Consolidation, Swing) etc.
HAMMERS conditions:
It has a long tail reaching down to the next level of support
It has a very short wick
Its body is less than half the length of the complete candle
Its body has CLOSED at support
The Hammer is at the end of the down swing
The candle stands out on its own - it is below all others in that swing with nothing to the left of it.
PASR is based on FOLLOWING IN THE FOOTSTEPS OF THE BIG BOYS. So what are the BIG BOYS doing here..........................................NOTHING! This is what PASR traders do - NOTHING!
A candle closing below (or above) the Strat Shadow is NOT a signal to enter a trade! We have to take into account all the other conditions of PASR - Like the SUPPORT directly below the Strat Shadow!
We ONLY drop down to H4 to get a better entry and better R:R AFTER we SEE a PASR Set Up on the Worker - There is NO SET UP on the Worker!
This is RANK AMATEUR trading destined to empty your trading account along with the other 95% LOSERS. Trade PASR!
another example of a SMOOTH SAW TOOTH BLADE TREND STRUCTURE
I am trading the Boss Swings on the Worker. I don't care about daily or monthly levels - I don't worry about intermediate levels between Boss swings as they are almost always just "wobble" areas. All I concern myself with is the Boss Swing.
Shooting Stars and Hammers, the key point is LOCATION - they must be exposed, on their own, with nothing to the left of them at the bottom/top of their respective swings.
Professionals FOCUS all their energies and resources on trading.
Professionals do not allow themselves to be DISTRACTED by GOSSIP and other useless non trading activities.
just remember that your understanding of PASR is only 5% of the trading puzzle. The remaining 95% is Trading Psychology and more specific, your Little People.
By drawing that rectangle you are creating a wall that your Little People subconsciously and automatically will force you to trade long above it and short below it. This is taking the decision away from your trading brain which you MUST keep powered up at 100% efficiency.
Also remember that nothing in trading, NOTHING is set in stone. The Big Boys don't care where you or I have our lines, areas, zones, Strat Shadow - they take PRICE where they want it to go and NOT where we think or expect it to go. We have to SEE BEYOND THE CANDLES which comes with experience.
PASR is not a set of rules for a given condition - it is a COMPLETE strategy for ALL Market conditions which takes thousands of hours studying thousands of charts applying what has been learned in both my threads. We have Basic PASR, Swing PASR and Trend PASR which can be used separately or all together DEPENDING on the Market conditions.
How can I look beyond the candle?
...Instead of just seeing a candle, think of why that candle has its shape and proportions. Think of who/what made that candle. Who was in control - sellers or buyers? How does that candle fit in with the current trend/sentiment? What caused the body? What caused the wicks and tails? Where were the wicks and tails? Where is this candle, body, wick, tail in relation to the previous candle and candles? Where is that candle in relation to the immediate structure (Weekly Control Candle, Trend, Consolidation, Swing) etc.
HAMMERS conditions:
It has a long tail reaching down to the next level of support
It has a very short wick
Its body is less than half the length of the complete candle
Its body has CLOSED at support
The Hammer is at the end of the down swing
The candle stands out on its own - it is below all others in that swing with nothing to the left of it.
PASR is based on FOLLOWING IN THE FOOTSTEPS OF THE BIG BOYS. So what are the BIG BOYS doing here..........................................NOTHING! This is what PASR traders do - NOTHING!
A candle closing below (or above) the Strat Shadow is NOT a signal to enter a trade! We have to take into account all the other conditions of PASR - Like the SUPPORT directly below the Strat Shadow!
We ONLY drop down to H4 to get a better entry and better R:R AFTER we SEE a PASR Set Up on the Worker - There is NO SET UP on the Worker!
This is RANK AMATEUR trading destined to empty your trading account along with the other 95% LOSERS. Trade PASR!
another example of a SMOOTH SAW TOOTH BLADE TREND STRUCTURE
I am trading the Boss Swings on the Worker. I don't care about daily or monthly levels - I don't worry about intermediate levels between Boss swings as they are almost always just "wobble" areas. All I concern myself with is the Boss Swing.
Shooting Stars and Hammers, the key point is LOCATION - they must be exposed, on their own, with nothing to the left of them at the bottom/top of their respective swings.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
EURCAD 900PIPS
why i cant catch anything in this pair
Big Boss
Boss
Worker
Strat's Entry See #Post 4945
Here are the entries on H4:
Here are the entries on the Worker:
EURCAD Boss Price break out the WCC, "will" re-test next Support 1.5200. {image}
Big Boss
Boss
Worker
Strat's Entry See #Post 4945
Here are the entries on H4:
Here are the entries on the Worker:
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
Trading Plan For Week 22th
EURCAD
Big Boss
Boss
EURJPY
Big Boss
Boss
EURAUD
Big Boss
Boss
USDCAD
Big Boss
Boss
GBPUSD
Big Boss
Boss
EURCAD
Big Boss
Boss
EURJPY
Big Boss
Boss
EURAUD
Big Boss
Boss
USDCAD
Big Boss
Boss
GBPUSD
Big Boss
Boss
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
TRENDS
These are the only trends we consider for actual trading:
The PRIMARY TREND is the trend on the BOSS chart depicted by the blue lines
The MAIN TREND is given to us by the colour of the Strat Shadow. We trade the Worker chart in the direction of the PRIMARY TREND in the direction of the Strat Shadow.In other words, if the Strat Shadow is GREEN telling us it is a BULLISH trend we ONLY trade LONG PRIMARY TRENDS. We ignore the short pull back PRIMARY TRENDS against the Strat Shadow. See chart below.
These are the only trends we consider for actual trading:
The PRIMARY TREND is the trend on the BOSS chart depicted by the blue lines
The MAIN TREND is given to us by the colour of the Strat Shadow. We trade the Worker chart in the direction of the PRIMARY TREND in the direction of the Strat Shadow.In other words, if the Strat Shadow is GREEN telling us it is a BULLISH trend we ONLY trade LONG PRIMARY TRENDS. We ignore the short pull back PRIMARY TRENDS against the Strat Shadow. See chart below.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- Joined Aug 2015 | Status: Member | 483 Posts
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.