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Strat's PASR Long Term, Stress Free Trading

  • #581
  • Nov 7, 2017 10:18am Nov 7, 2017 10:18am
EURUSD

Quoting peter2
Thank you Strat for this amazing thread. I realy appreciate it if you look at this charts and give me your idea.(comments are on the pics). {image} {image} {image} Thanks. My first post here in FF . Sorry if the pics are not attached correctly.
You have READ and UNDERSTOOD very well. Good job.
15 YEARS OF PASR ON FOREX FACTORY!
  • #582
  • Edited 11:11am Nov 7, 2017 10:29am | Edited 11:11am
PASR

Quoting HappyTrend
{quote} Ok, Again with the USDJPY. This time im going to review without thinking in the Shadow. (I think i need step by step) USDJPY Monthly: Last candle the body is in the middle with buyers and sellers at top and bottom. The candle was bullish but close with sellers. We are in ranging and the price is in a Resistance Zone with 61.8Fibo . {image} USDJPY Weekly: Last two candles close with buyers and sellers in both sides. We are in Resistance Zone and 61.8Fibo too. Current Candle is forming a Shooting Star but we are 1/5 days of the Week. {image}...
Looks to me like you are using one of the many indicators out there to identify support and resistance. If you are, YOU are only cheating YOURSELF. YOU need and must get YOUR trading brain to IDENTIFY support and resistance. YOUR trading brain is VERY POWERFUL and much more efficient and flexible than any piece of indicator/black box junk so grasp every opportunity you can to USE IT. REMEMBER, all and any indicator is using PAST, HISTORICAL (and sometimes hysterical) data to compile it. YOUR trading brain is SEEING the HERE and NOW and is ALWAYS current and up to date (if you use it properly).
15 YEARS OF PASR ON FOREX FACTORY!
  • #583
  • Nov 7, 2017 10:36am Nov 7, 2017 10:36am
GBPNZD

Quoting HappyTrend
{quote} I really want to see the comment of strat about ur trade. Im watching GBPNZD and i see in Weekly two more or less Shooting Star (and/or buyers and sellers candle) in a Resistance Zone and watching the shadow, in the 200ema bounce. But in the Monthly, that candle close bullish, and in the D1 2 candles ago was the hammer for the up but yesterday is a shooting star. I think is risky but Im very new in this, so i dont know at all. Thank you TerryDawe for share your trade.
YOU are not in a position to ask me to comment about another trader's trade! Only the trader posting the trade can do that. If you want to know more, ask Terry, he knows what he is doing and has been with me for 2 1/2 years and is nicely along ""The Path"".
15 YEARS OF PASR ON FOREX FACTORY!
  • #584
  • Nov 7, 2017 10:41am Nov 7, 2017 10:41am
Quoting strat
EURUSD {quote} You have READ and UNDERSTOOD very well. Good job.
Strat, I was looking at this picture

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 25 KB


Can I ask why the first three BEEBs were good to be traded?

They happened when last monthly candle was not closed, and the first one when the Monthly candle was still a little one.
It's not over, until I win.
  • #585
  • Edited 11:17am Nov 7, 2017 10:51am | Edited 11:17am
PASR

Quoting saad007
Today's possible trades after London. {image} {image} {image} {image} {image} {image} {image}
Huge improvement. Well done but why did you miss USDCAD?

If you ADD my Strat Shadow, you will find it to be the best medication for your Little People as well as better for identifying opportunities

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 44 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #586
  • Nov 7, 2017 11:08am Nov 7, 2017 11:08am
PASR

Quoting ItaTrader93
Strat, are you interested in discussing other instruments? BRENT Crude Oil -BIG BOSS {image} -BOSS {image} -WORKER {image}
I only trade Forex now but I will comment for you on other financial instruments (on the UNDERSTANDING that I am unable to do a full blown analysis).

Crude Oil OWES me a ton of money from my Futures trading days. It is also HIGHLY MANIPULATED by countries, governments and oil companies in addition to the very highly paid Oil Futures analysts/buyers (Big Boys). The crude oil PRICE behaves like any other FREELY traded financial instrument UNTIL the above institutions/people INTERFERE with it and then ALL BETS ARE OFF!

So, I don't trade crude oil because (1), I would be revenge trading and (2), it is NOT a FREELY traded financial instrument.

You have posted 3 charts with incomplete support and resistance levels - how far are you on ""The Path""?
15 YEARS OF PASR ON FOREX FACTORY!
  • #587
  • Nov 7, 2017 11:15am Nov 7, 2017 11:15am
PASR

Quoting ItaTrader93
{quote} Strat, I was looking at this picture {image} Can I ask why the first three BEEBs were good to be traded? They happened when last monthly candle was not closed, and the first one when the Monthly candle was still a little one.
Can I ask why the first three BEEBs were good to be traded?

Yes, you can ask and if you had READ, LEARNED and UNDERSTOOD PASR, especially The Power of Time Frames, you would NOT be asking!
15 YEARS OF PASR ON FOREX FACTORY!
  • #588
  • Nov 7, 2017 11:17am Nov 7, 2017 11:17am
Quoting strat
PASR {quote} Looks to me like you are using one of the many indicators out there to identify support and resistance. If you are, YOU are only cheating YOURSELF. YOU need and must get YOUR trading brain to IDENTIFY support and resistance. YOUR trading brain is VERY POWERFUL and much more efficient and flexible than any piece of indicator/black box junk so grasp every opportunity you can to USE IT. REMEMBER, all and any indicator is using PAST, HISTORICAL (and sometimes hysterical) data to compile it. YOUR trading brain is SEEING the HERE and NOW...
Sorry but that is wrong, the only indicator that im using is the EMA 20, EMA 72 and EMA 200.

The rectangles is the Support and Resistance that i draw manually. In fact i change better to lines, and start moving those lines for fit to the new support and resistance that im watching. Years ago i use to have those kind of indicators but not anymore.


Quoting strat
GBPNZD {quote} YOU are not in a position to ask me to comment about another trader's trade! Only the trader posting the trade can do that. If you want to know more, ask Terry, he knows what he is doing and has been with me for 2 1/2 years and is nicely along ""The Path"".

Ok, got it!
  • #589
  • Nov 7, 2017 11:26am Nov 7, 2017 11:26am
PASR - The Path

Quoting HappyTrend
{quote} Sorry but that is wrong, the only indicator that im using is the EMA 20, EMA 72 and EMA 200. The rectangles is the Support and Resistance that i draw manually. In fact i change better to lines, and start moving those lines for fit to the new support and resistance that im watching. Years ago i use to have those kind of indicators but not anymore. {quote} Ok, got it!
Very good. That is ONE STEP on ""The Path""
15 YEARS OF PASR ON FOREX FACTORY!
  • #590
  • Nov 7, 2017 11:31am Nov 7, 2017 11:31am
Quoting strat
PASR {quote} Huge improvement. Well done but why did you miss USDCAD? If you ADD my Strat Shadow, you will find it to be the best medication for your Little People as well as better for identifying opportunities {image}
Maybe you have missed my next post on USDCAD.
  • #591
  • Nov 7, 2017 2:24pm Nov 7, 2017 2:24pm
in my opinion nzdjpy looks good to sell after break of D1 engulfing candle(almost engulfing)
  • #592
  • Nov 7, 2017 4:52pm Nov 7, 2017 4:52pm
NZDJPY

Quoting ficibald
in my opinion nzdjpy looks good to sell after break of D1 engulfing candle(almost engulfing)
And the analysis for your opinion is?????????????????????????????

PRICE will not do anything UNTIL it closes outside of the Weekly Control Candle. Until then, it will just continue to wiz up and down inside it.
Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 59 KB

Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 60 KB

Attached Image (click to enlarge)
Click to Enlarge Name: c.PNG Size: 72 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #593
  • Nov 7, 2017 11:25pm Nov 7, 2017 11:25pm
Quoting strat
NZDJPY {quote} And the analysis for your opinion is????????????????????????????? PRICE will not do anything UNTIL it closes outside of the Weekly Control Candle. Until then, it will just continue to wiz up and down inside it. {image} {image} {image}
Where I can read about WCC I dont inderstand what is it? Thanks
  • #594
  • Nov 7, 2017 11:35pm Nov 7, 2017 11:35pm
Quoting ItaTrader93
{quote} Strat, I was looking at this picture {image} Can I ask why the first three BEEBs were good to be traded? They happened when last monthly candle was not closed, and the first one when the Monthly candle was still a little one.
Have a look at the monthly or weekly chart and the location of the BEEB in relation to that. That's what jumps out at me.
Quoting ficibald
{quote} Where I can read about WCC I dont inderstand what is it? Thanks
Try searching the old thread in commercial section for WCC or weekly control candle.
  • #595
  • Nov 7, 2017 11:40pm Nov 7, 2017 11:40pm
Quoting ficibald
{quote} Where I can read about WCC I dont inderstand what is it? Thanks
Is when you have a Weekly Candle High and Low right? Like all the candles, but the next candle (already closed) his High and Low is inside of the previous Candle. I mean the WCC is the Candle that is under control until the next candle close above or bellow of his all High or Low.
  • #596
  • Nov 8, 2017 12:51am Nov 8, 2017 12:51am
Quoting HappyTrend
{quote} Is when you have a Weekly Candle High and Low right? Like all the candles, but the next candle (already closed) his High and Low is inside of the previous Candle. I mean the WCC is the Candle that is under control until the next candle close above or bellow of his all High or Low.
Thanks for explination
  • #597
  • Nov 8, 2017 12:53am Nov 8, 2017 12:53am
Quoting ficibald
{quote} Thanks for explination
Than in this strategy we always need respect this candle?
  • #598
  • Nov 8, 2017 1:11am Nov 8, 2017 1:11am
Its hard to get setups with higher than RR 1:1. Am I right?
  • #599
  • Nov 8, 2017 2:15am Nov 8, 2017 2:15am
Quoting ficibald
Its hard to get setups with higher than RR 1:1. Am I right?
R:R hardly matters for this. and WCC is not that.

Attached Image

the next candles need to CLOSE outside of the range high/low to break the weekly control.
  • #600
  • Nov 8, 2017 2:17am Nov 8, 2017 2:17am
Quoting HappyTrend
{quote} Is when you have a Weekly Candle High and Low right? Like all the candles, but the next candle (already closed) his High and Low is inside of the previous Candle. I mean the WCC is the Candle that is under control until the next candle close above or bellow of his all High or Low.
only the body
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