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Strat's PASR Long Term, Stress Free Trading

  • #2,341
  • Feb 18, 2018 1:55pm Feb 18, 2018 1:55pm
EURNZD

Quoting brody55
{quote} Strat I've checked my WCC'S against yours and they're the same apart from Eur/Nz. I still have a controlling candle from December?{image}
Good job! At least there is one person still checking for deliberate mistakes!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,342
  • Feb 18, 2018 2:08pm Feb 18, 2018 2:08pm
That was the case until the end of last week. The December WCC low was breached with last week's Boss close at 1.67821. December WCC low was 1.67828.

Regards
Terry
  • #2,343
  • Feb 18, 2018 2:31pm Feb 18, 2018 2:31pm
EURJPY

Quoting TerryDawe
That was the case until the end of last week. The December WCC low was breached with last week's Boss close at 1.67821. December WCC low was 1.67828. Regards Terry
Not on my data, Terry, and not on yours either. The low and the close are the same - ignore the 5th digit - no-one trades to that level of detail.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,344
  • Feb 18, 2018 2:45pm Feb 18, 2018 2:45pm
Okay thanks,

I have been using the last digit all along so glad to be corrected on that.

Regards
Terry
  • #2,345
  • Feb 18, 2018 3:39pm Feb 18, 2018 3:39pm
Quoting strat
EURJPY February 14, 2018 {quote} Where does PRICE go AFTER a CONFIRMED SWING HIGH? {image}
Hi Strat
I looked at EURJPY and this is what I see:

BB: primary trend up, strat shadow just crosed, possible etst of MA 20= previous bar doji and in touching R area (cca 131.500-132.00)

B: Previous bar (closed 9.2.18) is WCC as this week closed inside it, Pricel closed on "my" minor S area, Price closed just below MA20, primary trend still intact

W: price righ on "my" minor S area where price was rejected several times (sep-dec 2017), long wicks on downside in last few days- last bar did not closed below low so far , Price closed below 20 and 50, but 14.2. and 9.2. rejected on S of WCC, 20 did not crosed 50 yet , Price right on 200 MA

Based on that :
For short I would wait for price at least close bellow WCC or for PA in that area and than take short for two possitions with TP 1 on 130.100, TP 2 127.800. For SL I would look on H4 TF as on W it is bad RR

For long I would wait rejectio PA on WCC S area , SL at cca 131.400, two possitions with TP 1 on 134.000 (test of MA20) , TP2 to BE at that time or on R off WCC for double top or possible trend continuation

I looked at this pair after you pointed out confirmed swing high and I wanted to see where I am.

I would appreciated your answer (or anyone else :-) on this forum) with explanation

Regards
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  • #2,346
  • Feb 18, 2018 3:52pm Feb 18, 2018 3:52pm
Quoting strat
GBPAUD PRICE wandering aimlessly UP and DOWN within the Weekly Control Candle {image}
I also see a lot of congestion between WCC resistance and 20EMA/ Support 1.7656
Should we be waiting for a big move?

A.

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IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #2,347
  • Feb 18, 2018 5:47pm Feb 18, 2018 5:47pm
Just started reading your thread.
Coming over to here from Davits thread (just didn't understand trading from @ the pivot when the method is more R&S 61-100 and lost my cool with one trade while going through anxiety issues)
At 1st seeing all the 5min charts over the weekend put me off but I read the intro popup and have made it to page 3
it may be a while before I post again but atm getting my head around your version of inside/engulfing bars and have a chart specifically for this method to practise/watch and will make it only pairs you put charts up for
looking at trading the daily as I'm in Australia and live on solar power
anway heaps of reading to be done and see you in the future
I will get my head around this, but always can be wrong
  • #2,348
  • Feb 18, 2018 5:56pm Feb 18, 2018 5:56pm
Quoting strat
Wild Thing, darko, what is this Autumn Leaves stuff? This is a Rock n Roll trading thread! This was my inspiration when I formed my group in 1963: Often copied but NEVER equalled! From 1956: https://www.youtube.com/watch?v=X9pjehF6BCk https://www.youtube.com/watch?v=h_Gd4F7v1tc

Ok Strat, you want to get real on Rock n Roll?
THIS is my stuff, this is my absolute favorite band, and this is the song that gets me going and get up even after being beaten to a pulp.

Inserted Video


8 hours before the dance starts, good night all
  • #2,349
  • Feb 18, 2018 6:51pm Feb 18, 2018 6:51pm
EURJPY

Quoting sseti
{quote} Hi Strat I looked at EURJPY and this is what I see: BB: primary trend up, strat shadow just crosed, possible etst of MA 20= previous bar doji and in touching R area (cca 131.500-132.00) B: Previous bar (closed 9.2.18) is WCC as this week closed inside it, Pricel closed on "my" minor S area, Price closed just below MA20, primary trend still intact W: price righ on "my" minor S area where price was rejected several times (sep-dec 2017), long wicks on downside in last few days- last bar did not closed below low so far , Price closed below 20...
BB: primary trend up but at resistance, strat shadow just crossed - doesn't mean anything- nothing to do with PASR, possible test of MA 20 Strat Shadow not 20= previous bar doji and in touching R area (cca 131.500-132.00) What about the big Bearish Outside Bar?

B: Previous bar (closed 9.2.18) is WCC as this week closed inside it, Pricel closed on "my" minor S area, Price closed just below MA20, primary trend still intact PRICE is in a swing DOWN

W: price right on "my" minor S area where price was rejected several times (sep-dec 2017), long wicks on downside in last few days- last bar did not closed below low so far , Price closed below 20 and 50, PRICE closed BELOW Strat Shadow but 14.2. and 9.2. rejected on S of WCC, 20 did not crosed 50 yet nothing to do with PASR , Price right on 200 not on my data!

For short I would wait for price at least close bellow WCC or for PA in that area and than take short for two possitions with TP 1 on 130.100, TP 2 127.800. For SL I would look on H4 TF as on W it is bad RR

If you are going to put your Stop Loss on H4 then your entry MUST be on H4 - you can't mix entry and exit.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,350
  • Feb 18, 2018 6:54pm Feb 18, 2018 6:54pm
GBPAUD

Quoting Eurotrader17
{quote} I also see a lot of congestion between WCC resistance and 20EMA/ Support 1.7656 Should we be waiting for a big move? A. {image}
That's the good thing about congestion/trading range - a good move usually follows - we just don't know when
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,351
  • Feb 18, 2018 6:55pm Feb 18, 2018 6:55pm
Long AUDJPY
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  • #2,352
  • Feb 18, 2018 7:03pm Feb 18, 2018 7:03pm
PASR

Quoting nimtrader
Just started reading your thread. Coming over to here from Davits thread (just didn't understand trading from @ the pivot when the method is more R&S 61-100 and lost my cool with one trade while going through anxiety issues) At 1st seeing all the 5min charts over the weekend put me off but I read the intro popup and have made it to page 3 it may be a while before I post again but atm getting my head around your version of inside/engulfing bars and have a chart specifically for this method to practise/watch and will make it only pairs you put charts...
The main thrust of this thread is LONG TERM, STRESS FREE trading done on the Daily time frame from an analysis of the Monthly and Weekly.

M5 trading has become popular after I showed my trades and M5 trend trading strategy. M5 also allows the students to accelerate their learning of PASR.

There are many on here who trade the Daily, H4, H1 and M5 - their choice.

We also have other "Upside Down" traders on here - "trogger" and "Rub" to name a few.

We also have "BeyondTheSea" who came to us from Pivot Trading and hasn't looked back since.

Let's see how you go on
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,353
  • Feb 18, 2018 7:07pm Feb 18, 2018 7:07pm
AUDJPY

Quoting darko2010
Long AUDJPY {image}
In Asian trading???????????

Did you READ my post 2307 to brody?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,354
  • Feb 18, 2018 7:12pm Feb 18, 2018 7:12pm
Quoting strat
AUDJPY {quote} In Asian trading??????????? Did you READ my post 2307 to brody?
Yes, of course. Just paper trading for training, trying to absorb how candles evolve
  • #2,355
  • Feb 18, 2018 7:32pm Feb 18, 2018 7:32pm
PASR

Quoting darko2010
{quote} Yes, of course. Just paper trading for training, trying to absorb how candles evolve
Practice, eh Clouseau? That's OK then but don't you ever sleep?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,356
  • Edited 8:15pm Feb 18, 2018 7:34pm | Edited 8:15pm
I'll be going for daily trading @ the NY close which is at the start of the day for me
at the moment I'm still reading
some I've read many times before in other places but sometimes these things take a while to sink in
anyway still to set a chart up but I can understand the basics and am waiting to get through a heap more of the thread before I attempt to set up a chart and trade it (live only)
I think part of my trading problem has been I trade till 8pm AEST which is London open (due to solar power constraints)
anyway atm I like UJ as a trade with the knowledge the market is mad as a skinhead on acid (could do anything it feels like)
back to page 5 and a heap of reading
I will get my head around this, but always can be wrong
  • #2,357
  • Feb 18, 2018 7:37pm Feb 18, 2018 7:37pm
Quoting strat
PASR {quote} Practice, eh Clouseau? That's OK then but don't you ever sleep?
Only when the FX market is closed
  • #2,358
  • Feb 18, 2018 7:59pm Feb 18, 2018 7:59pm
PASR

Quoting nimtrader
I'll be going for daily trading @ the NY close which is at the start of the day for me at the moment I'm still reading some I've read many times before in other places but sometimes these things take a while to sink in anyway still to set a chart up but I can understand the basics and am waiting to get through a heap more of the tread before I attempt to set up a chart and trade it (live only) I think part of my trading problem has been I trade till 8pm AEST which is London open (due to solar power constraints) anyway atm I like UJ as a trade with...
All our charts are set to candle close at New York close.

I've read many times before in other places but sometimes these things take a while to sink in anyway still to set a chart up but I can understand the basics

Forget what you ""think"" you know and start with a BLANK sheet

am waiting to get through a heap more of the tread before I attempt to set up a chart and trade it (live only)

What's the hurry? Make sure you read from Post 1 of my "old" original February 2009 thread
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,359
  • Edited 8:22pm Feb 18, 2018 8:10pm | Edited 8:22pm
I read all popups out of post 1 in this thread (one is the link to your old post)
I read the 1st page of your other thread and will do again probably a few times (and the video + links) it's why I'm here after seeing only 5 min charts on Saturday morning
"Forget what you ""think"" you know and start with a BLANK sheet"
hence why I'm reading from the start of this thread and then will do the books mentioned a few pages ago (still on page 5 (must stop checking here and read it))
I will get my head around this, but always can be wrong
  • #2,360
  • Feb 18, 2018 9:01pm Feb 18, 2018 9:01pm
Quoting strat
EURNZD {quote} Good job! At least there is one person still checking for deliberate mistakes! {image}
Hi Strat,

On EURNZD, I have 2 valid WCCs, a WCC within a WCC and what is significant to me is the lows of the two are almost at the same place making it strong support.

But my analysis says the chances are high that price breaks the lows of these WCCs.

On BB, we have December BEEB, although swing high on BB is not confirmed yet I think the immediate trend is down, at least indecision.

On B, we have 2 WCCs, one from December controlling the price for 10th week (including current week) and another WCC controlling price for 3rd week. Candle 5-9 Feb is a BEEB and last week candle is a strong bearish candle, but price is sitting at strong support, low of 2 WCC and also SR line from BB just under.

The picture on W confirms bearish tone I have drawn from BB and B as we have the structure change with first LL printed on 11 Jan which later confirmed by LH of 05 Feb. So I should be expecting another LL?

My apologies, if my thinking is completely wrong, I am just trying to have your feedback so that I can learn by getting involved.

Cheers,

Okoso
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