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Strat's PASR Long Term, Stress Free Trading

  • #281
  • Oct 26, 2017 4:30pm Oct 26, 2017 4:30pm
GBPNZD M5

This is always the first chart I open when I get to my computer and when I see a MESS like this, the FIRST chart to CLOSE

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15 YEARS OF PASR ON FOREX FACTORY!
  • #282
  • Oct 26, 2017 4:39pm Oct 26, 2017 4:39pm
GBPAUD M5

Also walked away from this chart but a ""choppy"" 18 pips would have been possible at 09:35am had I the desire to check back

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15 YEARS OF PASR ON FOREX FACTORY!
  • #283
  • Oct 26, 2017 4:45pm Oct 26, 2017 4:45pm
GBPCAD M5

London DOWN trend was still intact when I opened this chart but I WALKED AWAY because of all the LONG tails and wicks in the New York session

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15 YEARS OF PASR ON FOREX FACTORY!
  • #284
  • Oct 26, 2017 4:54pm Oct 26, 2017 4:54pm
GBPJPY M5

Since the Markets are FRACTAL, this pattern is repeated on every time frame as I have posted many times

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15 YEARS OF PASR ON FOREX FACTORY!
  • #285
  • Oct 26, 2017 4:56pm Oct 26, 2017 4:56pm
GBPUSD DAILY

The same chart pattern on the DAILY time frame

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15 YEARS OF PASR ON FOREX FACTORY!
  • #286
  • Oct 26, 2017 4:59pm Oct 26, 2017 4:59pm
USDJPY MONTHLY

And the same chart pattern on the MONTHLY time frame

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15 YEARS OF PASR ON FOREX FACTORY!
  • #287
  • Oct 26, 2017 5:01pm Oct 26, 2017 5:01pm
H1

But you want to trade H1? No problem, same chart pattern!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #288
  • Oct 26, 2017 5:04pm Oct 26, 2017 5:04pm
H4

Sorry, you meant H4, still no problem, still the same chart pattern

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15 YEARS OF PASR ON FOREX FACTORY!
  • #289
  • Oct 26, 2017 5:10pm Oct 26, 2017 5:10pm
M1

Sorry, you are a scalper (very sorry) and you need M1

No problem, same chart pattern but shorter

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15 YEARS OF PASR ON FOREX FACTORY!
  • #290
  • Oct 26, 2017 5:17pm Oct 26, 2017 5:17pm
Quoting strat
EURUSD {quote} Joseph, what I do know is that PRICE is TRAPPED inside a Weekly Control Candle. PRICE will just continue to wiz up and down inside that candle UNTIL such time as there is a CLOSE above the high or a CLOSE below the low. Even though that is a 219 pip candle, I have absolutely no interest in trading a pair which has NO DIRECTION and therefore, a very low probability in making a profit. {image}
Hi, Strat
If current WK bar closes below that WCC tonight, would you be looking for sell opportunity next week?
Thanks
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #291
  • Oct 26, 2017 5:19pm Oct 26, 2017 5:19pm
And the same pattern on ""baby"" charts for those that don't UNDERSTAND candlesticks

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15 YEARS OF PASR ON FOREX FACTORY!
  • #292
  • Oct 26, 2017 5:22pm Oct 26, 2017 5:22pm
Quoting heispark
{quote} Hi, Strat If current WK bar closes below that WCC tonight, would you be looking for sell opportunity next week? Thanks
Sorry, I have no idea what a WK bar is.
15 YEARS OF PASR ON FOREX FACTORY!
  • #293
  • Oct 26, 2017 5:30pm Oct 26, 2017 5:30pm
Quoting strat
{quote} Sorry, I have no idea what a WK bar is.
Sorry, I meant 'weekly candle'... it's breaking WCC now thanks to ECB, and it looks like it will close below it tonight. My view however is that EU is still bullish.... What do you think?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #294
  • Oct 26, 2017 11:42pm Oct 26, 2017 11:42pm
Quoting strat
GBPNZD M5 This is always the first chart I open when I get to my computer and when I see a MESS like this, the FIRST chart to CLOSE {image}
good day, i tried to pm u , well i dont know if u can join me in an ea project. i consider u an advance trader thats why i write to u outside ur threaad topic here
my appologies

regards nestrok
  • #295
  • Oct 27, 2017 12:38am Oct 27, 2017 12:38am
Having been directed here by emmanuel7788, I've been reading through this and the old thread. I think I get the gist of it. Essentially trading in the direction of the trend from support/resistance.
The devil is in the details though...
  • #296
  • Oct 27, 2017 1:11am Oct 27, 2017 1:11am
Placed EURGBP Short Order

Friday, 27 October 2017

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Worker: Strat Shadow is negative. Price were rejected twice at resistance. Short order placed below the low red arrowed candle with SL 5 pips above BRN 0.9000.

Trading Plan
Order Num: O-0022
Risk 1%
Tranches: 2
SL size: 165 pips
TP1: Last swing low and Big Boss resistance. 100 pips
TP2: Undecided.


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Boss: Shooting Stars at resistance and BRN 0.9000.

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Big Boss: BEEB at resistance.
  • #297
  • Oct 27, 2017 2:17am Oct 27, 2017 2:17am
Open T-0021 EURUSD Short Trade

Friday, 27 October 2017

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Worker: Strat Shadow distance decreasing. Price were rejected by resistance twice. Price has closed below workers support.

Trading Plan
Trade num: T-0021
Direction: Short
Risk: 1%
Tranches: 2
Entry: Market Price
SL: 8 Pips above last candle high. 218 pips
TP1: 5 pips above BRN 1.1500 and above Big Boss support, 131 pips
TP2: Undecided.

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Boss: LL-LH. Price entering Strat Shadow.

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Big Boss: Two dojis at resistance and 63 ema acting as resistance.
  • #298
  • Oct 27, 2017 10:29am Oct 27, 2017 10:29am
EURUSD

Quoting heispark
{quote} Sorry, I meant 'weekly candle'... it's breaking WCC now thanks to ECB, and it looks like it will close below it tonight. My view however is that EU is still bullish.... What do you think?
We cannot do an analysis or make decisions on a WEEKLY chart UNTIL the week CLOSES on Friday at 5pm New York.
15 YEARS OF PASR ON FOREX FACTORY!
  • #299
  • Oct 27, 2017 8:27pm Oct 27, 2017 8:27pm
Quoting strat
EURUSD {quote} We cannot do an analysis or make decisions on a WEEKLY chart UNTIL the week CLOSES on Friday at 5pm New York.
I know but it was almost sure that the bar closes below WCC. Now everybody's rushing and chasing EU sell. My gut feeling however is it won't that be easy and straightforward to retailers. It will be interesting anyway....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #300
  • Oct 27, 2017 8:42pm Oct 27, 2017 8:42pm
Quoting heispark
{quote} I know but it was almost sure that the bar closes below WCC. Now everybody's rushing and chasing EU sell. My gut feeling however is it won't that be easy and straightforward to retailers. It will be interesting anyway....

I made a few mistakes trying to pick the WCC.
There are two I marked on my EU chart below.
Criteria why I picked those 2 are-
- based on 5 days in one week,
if the Monday and Friday candles are small and there were swing high and swing low in that week either by Tuesday/Wednesday and Wednesday/Thursday then that Weekly candle make a 'good WCC'. Basically Monday and Friday candles High-Low are smaller that the Week High Low.
I maybe wrong here. Just trying to code a WCC Indicator for historical backtest study.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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