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  • #361
  • Oct 30, 2017 6:44pm Oct 30, 2017 6:44pm
Quoting TerryDawe
A weekly control candle is not a candle only followed by an inside bar. An inside bar is a bar with the total candle (high and low) within the previous bar. The bar following a WCC can have a high and low outside the range of the WCC but cannot close outside of its range.

this is correct...

still working on a WCC alert indicator..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #362
  • Oct 30, 2017 7:44pm Oct 30, 2017 7:44pm
Quoting TerryDawe
A weekly control candle is not a candle only followed by an inside bar. An inside bar is a bar with the total candle (high and low) within the previous bar. The bar following a WCC can have a high and low outside the range of the WCC but cannot close outside of its range.
I was using terms simple enough to be rapidly understood. The WCC acknowledges the wicks of the first bar and ignores the wicks of subsequent bars as the emphasis of PASR is on the closes if I recall.

Quoting emmanuel7788
{quote} this is correct... still working on a WCC alert indicator..
Hi emm, I think strat does not want us to use indicators for the analysis of charts. Something about developing a trading brain. It is easy to come up with a WCC candle indi, but I do not think it is in the spirit of the process. I could be wrong.

Here is a trade that I have taken.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 66 KB
If you are good at something, never do it for free--Joker
  • #363
  • Oct 30, 2017 11:03pm Oct 30, 2017 11:03pm
Quoting jmn5611
{quote} I was using terms simple enough to be rapidly understood. The WCC acknowledges the wicks of the first bar and ignores the wicks of subsequent bars as the emphasis of PASR is on the closes if I recall. {quote} Hi emm, I think strat does not want us to use indicators for the analysis of charts. Something about developing a trading brain. It is easy to come up with a WCC candle indi, but I do not think it is in the spirit of the process. I could be wrong. Here is a trade that I have taken. {image}

Don't worry. I am not posting any indicators here. I only use my own for historical chart study and analysis.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #364
  • Oct 31, 2017 3:47am Oct 31, 2017 3:47am
Lets see what the close of today's USD/JPY candle brings. I see it in a uptrend over the last few weeks, and in an area that has swapped support/resistance in the past on both monthly and weekly.
Attached Image (click to enlarge)
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  • #365
  • Oct 31, 2017 4:01am Oct 31, 2017 4:01am
I am new to forex trading and trying to learn , after reading a few books and searching in various forex sites i believe that PSAR that STRAT is teaching is the right way to be successfull in trading.
To the point now, after reading the old thread , the pdf and may examples i believe that i got right the methodology and the steps of the proccess of PSAR so i started my own analysis on my pc at mt4 platform to intedify SR Levels considering the Big Boss and the Boss but after examining about 20 main pairs i didnt get any furhter confirmation to get to the daily chart and get on with the PA with the worker. So my question is, is it me that didnt get enough good the analysis of SR levels or i have to be more patient and wait for the price to reach to levels i have marked in order to get a solid signal, so i could get along with the PSAR at D1?
thank you and keep up the good work quys !!
  • #366
  • Oct 31, 2017 6:43am Oct 31, 2017 6:43am
I think AUD/USD right now, is the pair wich match with rules read on thred isn't strat?
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  • #367
  • Oct 31, 2017 6:47am Oct 31, 2017 6:47am
Hy guys, i'm very excited to join this thread

I'm a PASR trader, i'll follow the updates and post my analysis.

Good pips to everyone.
It's not over, until I win.
  • #368
  • Oct 31, 2017 6:47am Oct 31, 2017 6:47am
That green highlighted bar on the EURUSD Boss chart was not a WCC. The WCC was the bearish bar two weeks before and that WCC was broken last week. Last week's candle is now the new potential WCC which will only be confirmed at EOW.
Attached Image (click to enlarge)
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  • #369
  • Oct 31, 2017 7:09am Oct 31, 2017 7:09am
Regarding USDJPY:

IF we get a close above the green horizontal line by end of day today which is also end of month, the BB swing low will be confirmed ending its retrace down. It will then be in up swing.
Boss is already in up swing and within a WCC. The Boss control candle is a BUOEB so pretty bullish.
Price finding resistance at BRN 114 area which is being tested for the third time.
Attached Image (click to enlarge)
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  • #370
  • Oct 31, 2017 7:53am Oct 31, 2017 7:53am
Quoting TerryDawe
Regarding USDJPY: IF we get a close above the green horizontal line by end of day today which is also end of month, the BB swing low will be confirmed ending its retrace down. It will then be in up swing. Boss is already in up swing and within a WCC. The Boss control candle is a BUOEB so pretty bullish. Price finding resistance at BRN 114 area which is being tested for the third time. {image}
Hy TerryDawe,

I looked at your picture, would you mind answer a couple of questions?

Why did you pick that level? It's because it was a resistance which turned into a support recently?

The last two red candle formed a confirmed swing low, didn't they? Shooldn't we consider it a bear signal?
It's not over, until I win.
  • #371
  • Edited Nov 1, 2017 8:48am Oct 31, 2017 8:51am | Edited Nov 1, 2017 8:48am
PASR

Quoting blueman
Strat, could you speak a bit when you have time about your weekly and daily routine. How you scan the market, what lists you are holding ,and how do you find the trendy pairs. how big is your list of pairs, any favor? thanks s lot for your comments and help, best wishes
This is a quick summary

I have 28 charts open on a Profile but I only really focus on the "movers and shakers" - those pairs which are volatile and have high ATR(10) pip count. I want my margin used up on those pairs which have the highest probability of moving.

My daily routine starts with, and revolves around the BIG PICTURE analysis on the BIG BOSS.

I check the Big Boss at the end of each month and especially the end of each Quarter and get a "feel" for where the Big Boys are taking PRICE. This is recorded for each pair. I always check when the Big Boss PRICE is approaching, or near or at Big Boss support or resistance.

At the end of each week, I check where PRICE is with regard to support and resistance AND where and how it is moving with respect to the Big Boss. I check for Weekly Control Candles AND which SWING the Boss PRICE is in.

Each day, I have "a good idea" which pairs should be moving and focus on them. I also check other high ATR (10) pairs in case they are moving. I check if the Worker is in harmony with the Boss. I decide whether a trade is basic PASR or trend trade.

When I get to my laptop each morning around 6am - 6:30am Pacific Standard Time, I already have a "good idea" (from the above) which pairs will be trending on M5 so I check my M5 Profile. I look for London and New York to have created a trend that I can trade the pull backs on since being on PST, most of the trends are already fizzling out. I also focus on the highest volatile pairs on M5.

It is much more involved than this but you should get a good idea from this to create your own style and routine
15 YEARS OF PASR ON FOREX FACTORY!
  • #372
  • Oct 31, 2017 9:24am Oct 31, 2017 9:24am
Quoting strat
PASR {quote} This is a quick summary I have 28 charts open on a Profile but I only really focus on the "movers and shakers" - those pairs which are volatile and have high ATR(10) pip count. I want my margin used up on those pairs which have the highest probability of moving. My daily routine starts with, and revolves around the BIG PICTURE analysis on the BIG BOSS. I check the Big Boss at the end of each month and especially the end of each Quarter and get a "feel" for where the Big Boys are taking PRICE. This is recorded for each pair. I always...
Thanks for sharing
  • #373
  • Oct 31, 2017 9:35am Oct 31, 2017 9:35am
Quoting strat
PASR {quote} This is a quick summary I have 28 charts open on a Profile but I only really focus on the "movers and shakers" - those pairs which are volatile and have high ATR(10) pip count. I want my margin used up on those pairs which have the highest probability of moving. My daily routine starts with, and revolves around the BIG PICTURE analysis on the BIG BOSS. I check the Big Boss at the end of each month and especially the end of each Quarter and get a "feel" for where the Big Boys are taking PRICE. This is recorded for each pair. I always...

When you go to trade lower TF for example 5m. You still start trading with the S&R of Monthly, 1W and 1D? or you check the 1D 240 and trade the 5m?
  • #374
  • Oct 31, 2017 10:02am Oct 31, 2017 10:02am
Quoting TerryDawe
That green highlighted bar on the EURUSD Boss chart was not a WCC. The WCC was the bearish bar two weeks before and that WCC was broken last week. Last week's candle is now the new potential WCC which will only be confirmed at EOW. {image}
Any weekly candle that is followed by an inside bar is a WCC for me. It was a double break. I only highlighted the most recent price action. Either way, both bars were broken. Trade would be the same. Stop might be different depending on how your risk appetite is. I like to focus on the most RECENT PA, so if I find a WCC that is more recent I will take that trade. Good follow up!
If you are good at something, never do it for free--Joker
  • #375
  • Oct 31, 2017 10:23am Oct 31, 2017 10:23am
Sir, thank you very much for have stopped ignoring me, i appreciate that very much :-) I' ve understood the lesson
  • #376
  • Oct 31, 2017 10:32am Oct 31, 2017 10:32am
M5

Quoting HappyTrend
{quote} When you go to trade lower TF for example 5m. You still start trading with the S&R of Monthly, 1W and 1D? or you check the 1D 240 and trade the 5m?
No. I check H1 and H4 and then M5. I use H1 and M15 for support and resistance for M5 trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #377
  • Oct 31, 2017 10:33am Oct 31, 2017 10:33am
PASR

Quoting Joseph95
Sir, thank you very much for have stopped ignoring me, i appreciate that very much :-) I' ve understood the lesson
Everyone deserves a second chance
15 YEARS OF PASR ON FOREX FACTORY!
  • #378
  • Oct 31, 2017 10:39am Oct 31, 2017 10:39am
Quoting strat
M5 {quote} No. I check H1 and H4 and then M5. I use H1 and M15 for support and resistance for M5 trading.
Thank you.
  • #379
  • Oct 31, 2017 10:49am Oct 31, 2017 10:49am
Sorry I just realized I drew my last WCC wrong. The most recent WCC has the small spinning top doji as the control candle from last week, not the bullish green bar.
Attached is the actual current WCC.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpybosswcc.JPG Size: 41 KB
  • #380
  • Oct 31, 2017 11:09am Oct 31, 2017 11:09am
Quoting TerryDawe
Sorry I just realized I drew my last WCC wrong. The most recent WCC has the small spinning top doji as the control candle from last week, not the bullish green bar. Attached is the actual current WCC. {image}
Maybe I have this wrong but I would not have considered this candle a WCC until this week is past.
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