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  • #1,681
  • Jan 12, 2018 6:28pm Jan 12, 2018 6:28pm
Quoting strat
GBPUSD M5 FAT CITY! {image}
Maybe a foolish question, where i know that a sellers is comming?

I mean if i were trading GBPUSD, yes those buys but before that BIG BULLISH CANDLE, appears Two Bearish Candle i should to close my 2 buys, or just only one buy and keep open the other. And after the breakout and appears that bullish candle i buy it again. (But i already close one buy because i see two large bearish candles) Or how you deal with that?

Oh btw, i cant see my charts right now because the market is closed but... in US30 i start buying again
  • #1,682
  • Jan 12, 2018 6:55pm Jan 12, 2018 6:55pm
Quoting HappyTrend
{quote} Maybe a foolish question, where i know that a sellers is comming? I mean if i were trading GBPUSD, yes those buys but before that BIG BULLISH CANDLE, appears Two Bearish Candle i should to close my 2 buys, or just only one buy and keep open the other. And after the breakout and appears that bullish candle i buy it again. (But i already close one buy because i see two large bearish candles) Or how you deal with that? Oh btw, i cant see my charts right now because the market is closed but... in US30 i start buying again
So you think those red candles are SELLING? Think again - there is no selling whatsoever on that chart
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,683
  • Jan 12, 2018 11:45pm Jan 12, 2018 11:45pm
Quoting strat
EURNZD {quote} Although the location is nice I want better price action before I'd buy this You need to WAIT for PRICE to stop going down BEFORE thinking of buying.
Something more like this? Weekly closed as a hammer as well, off the lower trendline and support. So the safe way to trade it would be a break and retrace of my upper trendline? Should have broken above the strat shadow if that happens.
Attached Image (click to enlarge)
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  • #1,684
  • Jan 12, 2018 11:49pm Jan 12, 2018 11:49pm
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!
How do we, newbies, know when sellers start selling sir?
  • #1,685
  • Jan 13, 2018 4:30am Jan 13, 2018 4:30am
Quoting strat
USDCAD {quote} Good to see you here, Donatas! Be careful! New York, and therefore the Worker candle, has not CLOSED yet so we can't make a decision until it does. Also, it is nothing like a Shooting Star - at best it is a doji unless something happens in the next 58 minutes
I am here, I do not skip any of Your's (or trogger's) post. It's just this thread is too fast to contribute to it.
  • #1,686
  • Jan 13, 2018 9:20am Jan 13, 2018 9:20am
Quoting strat
GBPUSD M5 FAT CITY! {image}
Friday was not a "Average Day" for the GBP Pairs most, if not all, where well above their ATRs.

The GBP/USD was heading into Levels where it has not been since June 2016.

At London Open no one, except the Institutions, new how far Price was going and any one of us would have been very happy taking a +2R or +3R return.

It's easy, at the end of the day, saying there was no Sellers, in todays Market, but you don't know that until after the fact especially as Price finished at a 18 Month High

Personally, even on a day like Friday, I would only be looking for my "average" return of +2R to +3R because I don't know until it's over the type of day it's going to be.

I'm not trying to be difficult just pointing out my point of view.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13th Jan 18 GBP:USD W1 Observations.png Size: 111 KB
Click to Enlarge Name: 13th Jan 18 GBP:USD D1 Observations.png Size: 117 KB
Click to Enlarge Name: 13th Jan 18 GBP:USD M5 Observations 2.png Size: 145 KB
  • #1,687
  • Jan 13, 2018 10:17am Jan 13, 2018 10:17am
EURNZD

Quoting Rub
{quote} Something more like this? Weekly closed as a hammer as well, off the lower trendline and support. So the safe way to trade it would be a break and retrace of my upper trendline? Should have broken above the strat shadow if that happens. {image}
That is just a reaction. There is NO HAMMER on the Boss - only a doji. The "safe" way to trade it is when all 3 of our time frames are in harmony
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,688
  • Jan 13, 2018 10:19am Jan 13, 2018 10:19am
PASR

Quoting sol4live
{quote} How do we, newbies, know when sellers start selling sir?
1) After, and only after, you have exhausted your thrill with indicators and other automated crap

2) After you have spent thousands of hours studying thousands of charts with PASR - it is called EXPERIENCE - maybe start reading these 2 threads?
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,689
  • Jan 13, 2018 10:26am Jan 13, 2018 10:26am
PASR

Quoting stevepatt
{quote} Friday was not a "Average Day" for the GBP Pairs most, if not all, where well above their ATRs. The GBP/USD was heading into Levels where it has not been since June 2016. At London Open no one, except the Institutions, new how far Price was going and any one of us would have been very happy taking a +2R or +3R return. It's easy, at the end of the day, saying there was no Sellers, in todays Market, but you don't know that until after the fact especially as Price finished at a 18 Month High Personally, even on a day like Friday, I would only...
It's easy, at the end of the day, saying there was no Sellers,

I, and those who UNDERSTAND PASR and trend trading with the Strat Shadow, KNOW LIVE at the hard right edge when there is buying and selling. At no time during that trend, AT THE HARD RIGHT EDGE, was there any selling.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,690
  • Jan 13, 2018 12:04pm Jan 13, 2018 12:04pm
Quoting strat
{quote} So you think those red candles are SELLING? Think again - there is no selling whatsoever on that chart
Hello Strat, to be honest... Yes. If im trading that chart, i should close some % of my buy contracts, obviously no making any short positions... Just banking some profits.

If is possible that can u make an example about in a Uptrend Day or Days, where the sellers start to come? Like the detailed explanation like in this post: https://www.forexfactory.com/showthr...6#post10641486 I really going to love the post, Thank you!
  • #1,691
  • Jan 13, 2018 12:32pm Jan 13, 2018 12:32pm
Quoting sol4live
{quote} How do we, newbies, know when sellers start selling sir?
Just my two pence but when we start seeing lower highs
  • #1,692
  • Jan 13, 2018 1:35pm Jan 13, 2018 1:35pm
PASR

Quoting HappyTrend
{quote} Hello Strat, to be honest... Yes. If im trading that chart, i should close some % of my buy contracts, obviously no making any short positions... Just banking some profits. If is possible that can u make an example about in a Uptrend Day or Days, where the sellers start to come? Like the detailed explanation like in this post: https://www.forexfactory.com/showthr...6#post10641486 I really going to love the post, Thank you!
Selling starts at the RED arrow

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 54 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,693
  • Jan 13, 2018 1:57pm Jan 13, 2018 1:57pm
[quote=strat;10668196]PASR {quote} 1) After, and only after, you have exhausted your thrill with indicators and other automated crap 2) After you have spent thousands of hours studying thousands of charts with PASR - it is called EXPERIENCE - maybe start reading these 2 threads?
Thank you. Your graphic explanation to Happy Trend gave the concluding part. Thank you
  • #1,694
  • Edited Jan 14, 2018 9:05am Jan 13, 2018 6:40pm | Edited Jan 14, 2018 9:05am
Quoting strat
M5 {quote} just trade the godamn Strat Shadow - it takes care of everything when you UNDERSTAND it.Hint - you keep on buying
In the 30s-40s there was a radio program called the shadow. Their
promo line was;

"Who knows what evil lurks in the hearts of man......
....

The shadow knows."

That line is almost relevant for us.

Frank
  • #1,695
  • Jan 13, 2018 9:59pm Jan 13, 2018 9:59pm
Dear Strat and all,

Firstly thanks for your reply i have started on the previous threads. Secondly sadly fattystick is not australian slang its just a name i came up with for internet use as so far over the years I have found no one else uses it.
Thirdly I have a query about EURAUD the monthly appears to be in an uptrend but Dec bar is bearish and Jan bar is close to doji. Is that an immediate trend. The weekly has an bullish outside bar after it pulled back to trendline/support which is also engulfing and the daily has an engulfing bar. All bars appear to be coming off my badly drawn (work in progress) trend line and support (work in progress).

So is the monthy trend bullish or does the Dec and Jan bars make its immediate trend bearish?

Sorry to bore everyone with this but my family wont know and nor will my dog/chickens.

Thanks for your consideration if answer is in the previous threads I apologise and I will assume no reply means just that.
Michael
Attached Image(s) (click to enlarge)
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  • #1,696
  • Jan 14, 2018 6:27am Jan 14, 2018 6:27am
Quoting Philios13
{quote} Just my two pence but when we start seeing lower highs
thank very much --- well said. And infogrammed by Strat.
thank you all
  • #1,697
  • Jan 14, 2018 9:54am Jan 14, 2018 9:54am
EURAUD

Quoting fattystick
Dear Strat and all, Firstly thanks for your reply i have started on the previous threads. Secondly sadly fattystick is not australian slang its just a name i came up with for internet use as so far over the years I have found no one else uses it. Thirdly I have a query about EURAUD the monthly appears to be in an uptrend but Dec bar is bearish and Jan bar is close to doji. Is that an immediate trend. The weekly has an bullish outside bar after it pulled back to trendline/support which is also engulfing and the daily has an engulfing bar. All bars...
You have to engage your trading brain to get the answer.

SEE what the blue rectangle is telling you

SEE what the Strat Shadow is telling you

SEE what the moving averages are telling you

Once you have figured that out then the instructions to the Boss and Worker will all fall into place.

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 49 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,698
  • Jan 14, 2018 2:12pm Jan 14, 2018 2:12pm
Quoting strat
PASR {quote} Selling starts at the RED arrow {image}
Thank you, can u make just only 2 more charts please! or can you zoom out and draw an Arrow where in one chart can see Buyers and Sellers please?
  • #1,699
  • Edited 10:16pm Jan 14, 2018 5:25pm | Edited 10:16pm
"You have to engage your trading brain to get the answer.
SEE what the blue rectangle is telling you
SEE what the Strat Shadow is telling you
SEE what the moving averages are telling you
Once you have figured that out then the instructions to the Boss and Worker will all fall into place.
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1515945256

2
Dear Strat,
Thanks for your reply. Here is what the trading brain has come up with.

  1. 1. the blue rectangle is a resistance that 3 times the price has been unable to overcome. But it also is horizontal which added to the blue trendline could be an ascending triangle with an upside breakout.

    2. The strat shadow is green being bullish.

    3. The MA 20 is above and appears to be moving away from the MA50 indicating a bullish move, but it is only open a little like the mouth of a snake and its hard to trust a snake but then hippos kill more people. I tell a lie snakes kill more, Ive just found out, except in South Africa, not the best analogy but I digress.

So with all that my tentative consideration is the monthly is bullish, the weeklys bullish outside bar is indicating a bullish move and the weeklys bullish engulfing is indicating a turn that way also. But saying all that I still feel disquiet.

Thank you for helping
Michael

  • #1,700
  • Edited 10:59pm Jan 14, 2018 10:39pm | Edited 10:59pm
Hey Strat,

On the 'old' thread, page 369, post 7,372, Nicola shared a link to a video about thinking like a professional trader. The link doesn't work anymore, however. Do you have or know of a place where this can be watched? I'm loving the read so far by the way
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