GBPJPY
PRICE going into its 3rd week of being trapped inside a Weekly Control Candle
PRICE going into its 3rd week of being trapped inside a Weekly Control Candle
15 YEARS OF PASR ON FOREX FACTORY!
Strat's PASR Long Term, Stress Free Trading
- #2,561
- Feb 23, 2018 1:18pm Feb 23, 2018 1:18pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
- #2,562
- Feb 23, 2018 1:21pm Feb 23, 2018 1:21pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
GBPUSD
PRICE going into its 3rd week of being trapped inside a Weekly Control Candle
PRICE going into its 3rd week of being trapped inside a Weekly Control Candle
15 YEARS OF PASR ON FOREX FACTORY!
- #2,563
- Feb 23, 2018 1:23pm Feb 23, 2018 1:23pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
USDCAD
PRICE going into its 3rd week of being trapped inside a Weekly Control Candle
PRICE going into its 3rd week of being trapped inside a Weekly Control Candle
15 YEARS OF PASR ON FOREX FACTORY!
- #2,564
- Feb 23, 2018 1:25pm Feb 23, 2018 1:25pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
USDJPY
PRICE going into its 2nd week of being trapped inside a Weekly Control Candle
PRICE going into its 2nd week of being trapped inside a Weekly Control Candle
15 YEARS OF PASR ON FOREX FACTORY!
- #2,572
- Edited 4:11am Feb 24, 2018 3:17am | Edited 4:11am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
HI All, Sorry I have been out of action for a while. The day job has been insanely busy. My last real trade was GBPNZD that got stopped out. And yesterday I had free time at home, look after a sick young un I spent the morning trading the range on GBPUSD 5 mins. Its rare I fo to that time scale it on this occasion it was slow and profitable. Makes me wonder whether it might be more viable than real work :-) Sorry for the weird colour chart - thats the colour of my WCC on GBPUSD {image}
how did you catch that spike down ?
Personally I caught a small move prior to the spike worth around 30pip, and exit at previous day high
- #2,573
- Feb 24, 2018 8:04am Feb 24, 2018 8:04am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #2,574
- Edited 9:11am Feb 24, 2018 8:49am | Edited 9:11am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
PASR
I've been getting in the routine of doing my analysis on the weekend for the week ahead.
Excellent. This should be routine for everyone.
BB: Price rejected 1.2000 a couple of times recently. Was unable to break past 1.3000. Has made high, low, lower high, but yet to make a lower low.
What is the answer to the question you have to ask on the Big Boss?
In identifying support and resistance levels for trading, ALWAYS use the latest, most current levels. I have identified this with my black line.
B: Closed below monthly level, with a long wick of about 50% of candle body. NOT a shooting star, but withing the high and low of the candle two weeks ago. Has made a low, high, higher low with confirmed swings, and closed above the 20EMA but below the monthly resistance and recent consolidation before making a higher low.
Good BUT what is this telling you?
W: Making higher highs, higher lows. Swing high in the last couple of days, expecting a swing low next week, perhaps with a test of the 20EMA and 1.2600 area or WCC low. Moving into area of consolidation.
Don't focus on Worker swings - it is the Boss which CONTROLS the Worker swings.
expecting a swing low next week
How do you know this? Do you have one of those crystal balls that some of the other threads have for PREDICTING this? Forget what PRICE might do - WATCH what it does and FOLLOW in the Big Boys' footsteps. LEARN TO EXPECT THE UNEXPECTED.
with a test of the 20EMA
NO! it should be "test of the Strat Shadow". READ, LEARN and UNDERSTAND all you can find about the Strat Shadow - it is one of PASR's most valuable (and PROFITABLE (when UNDERSTOOD and applied correctly)) tools.
Moving into area of consolidation.
WOW! You are good! Even I can't figure this out!
How do you know this? Do you have one of those crystal balls that some of the other threads have for PREDICTING this? Forget what PRICE might do - WATCH what it does and FOLLOW in the Big Boys' footsteps. LEARN TO EXPECT THE UNEXPECTED.
You need to add the 200ema and then SEE where PRICE is at! Then SEE if this pair reacts to it so that you can determine whether to use it or not.
Where and why did you come up with this brainless idea of changing support and resistance levels to ""nearest 50 pips?"" THIS IS NOT PASR!
Conclusion: Longs only
How on earth do you arrive at this? I suggest getting a pair of newer Mark II eyeballs to SEE what PRICE is TELLING YOU.
Finally, I posted to use a Line Chart UNTIL you got comfortable identifying support and resistance. Once comfortable, USE CANDLES. You need to get used to SEEING candles so that you can SEE BEYOND THEM
Also check that your Strat Shadow is configured correctly
Other than your stupid "nearest 50 pips levels" you are doing "OK" on The Path.
Alright, lets see if I'm on the right track here with an example. I'm currently following about a dozen pairs, and I've been getting in the routine of doing my analysis on the weekend for the week ahead. I'm now going over and starting from a empty chart on USD/CAD (no reason for that pair, other than it's the first one I have open). Starting out, line chart on big boss. Drawing S/R areas, move down to boss and fine tune. Add any obvious areas not seen higher. Drop to worker and fine tune futher on max zoom out. I have been only drawing lines around...
Excellent. This should be routine for everyone.
BB: Price rejected 1.2000 a couple of times recently. Was unable to break past 1.3000. Has made high, low, lower high, but yet to make a lower low.
What is the answer to the question you have to ask on the Big Boss?
In identifying support and resistance levels for trading, ALWAYS use the latest, most current levels. I have identified this with my black line.
B: Closed below monthly level, with a long wick of about 50% of candle body. NOT a shooting star, but withing the high and low of the candle two weeks ago. Has made a low, high, higher low with confirmed swings, and closed above the 20EMA but below the monthly resistance and recent consolidation before making a higher low.
Good BUT what is this telling you?
W: Making higher highs, higher lows. Swing high in the last couple of days, expecting a swing low next week, perhaps with a test of the 20EMA and 1.2600 area or WCC low. Moving into area of consolidation.
Don't focus on Worker swings - it is the Boss which CONTROLS the Worker swings.
expecting a swing low next week
How do you know this? Do you have one of those crystal balls that some of the other threads have for PREDICTING this? Forget what PRICE might do - WATCH what it does and FOLLOW in the Big Boys' footsteps. LEARN TO EXPECT THE UNEXPECTED.
with a test of the 20EMA
NO! it should be "test of the Strat Shadow". READ, LEARN and UNDERSTAND all you can find about the Strat Shadow - it is one of PASR's most valuable (and PROFITABLE (when UNDERSTOOD and applied correctly)) tools.
Moving into area of consolidation.
WOW! You are good! Even I can't figure this out!
How do you know this? Do you have one of those crystal balls that some of the other threads have for PREDICTING this? Forget what PRICE might do - WATCH what it does and FOLLOW in the Big Boys' footsteps. LEARN TO EXPECT THE UNEXPECTED.
You need to add the 200ema and then SEE where PRICE is at! Then SEE if this pair reacts to it so that you can determine whether to use it or not.
Where and why did you come up with this brainless idea of changing support and resistance levels to ""nearest 50 pips?"" THIS IS NOT PASR!
Conclusion: Longs only
How on earth do you arrive at this? I suggest getting a pair of newer Mark II eyeballs to SEE what PRICE is TELLING YOU.
Finally, I posted to use a Line Chart UNTIL you got comfortable identifying support and resistance. Once comfortable, USE CANDLES. You need to get used to SEEING candles so that you can SEE BEYOND THEM
Also check that your Strat Shadow is configured correctly
Other than your stupid "nearest 50 pips levels" you are doing "OK" on The Path.
15 YEARS OF PASR ON FOREX FACTORY!
- #2,575
- Feb 24, 2018 9:09am Feb 24, 2018 9:09am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #2,576
- Feb 24, 2018 9:28am Feb 24, 2018 9:28am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #2,579
- Edited 2:23pm Feb 24, 2018 11:46am | Edited 2:23pm
- Joined Apr 2010 | Status: Trader | 1,025 Posts
PASR {quote} I've been getting in the routine of doing my analysis on the weekend for the week ahead. Excellent. This should be routine for everyone. BB: Price rejected 1.2000 a couple of times recently. Was unable to break past 1.3000. Has made high, low, lower high, but yet to make a lower low. What is the answer to the question you have to ask on the Big Boss? In identifying support and resistance levels for trading, ALWAYS use the latest, most current levels. I have identified this with my black line. {image} B: Closed below monthly level, with...
What is the answer to the question you have to ask on the Big Boss?
In identifying support and resistance levels for trading, ALWAYS use the latest, most current levels. I have identified this with my black line.
I think the question you're wanting me to ask of the BB is where is price going? I think the answer is up. To where I don't know.
Good BUT what is this telling you?
Boss is telling me buyers pushed up out of the WCC, but sellers pushed back down. However buyers forced a higher close near the high of the previous week. Buyers want to push higher.
How do you know this? Do you have one of those crystal balls that some of the other threads have for PREDICTING this? Forget what PRICE might do - WATCH what it does and FOLLOW in the Big Boys' footsteps. LEARN TO EXPECT THE UNEXPECTED.
No crystal ball. If I'm reading the boss and big boss right, I expect longs to be the go, and likely to have a swing low before a higher high with the nearby resistance.
Where and why did you come up with this brainless idea of changing support and resistance levels to ""nearest 50 pips?"" THIS IS NOT PASR!
To clarify, I labeled the nearest 50 pip level, not the actual level I have the line at because I keep reading it's a zone and my lines are withing 20 pips or so of that point. Maybe I need to stop scratching me head. Might get splinters.
Can't quite think how to ask the righ question about marking S/R, chart is close.Hopefully this isn't too scatological.
