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  • #2,601
  • Feb 26, 2018 8:57am Feb 26, 2018 8:57am
Hi Strat,

My first analysis as part of my learning the old thread. I know there will be errors as part of my learning curve.

Bigboss: Long term down trend - from 1997 onwards. Intermediate trend - upper trend with month august hitting 2.08. Immediate trend - upper trend - with price making Higher lows. From august 2017 onwards. My reading through the last 6 months, bigboys are pushing the price upwards.

Boss - Swings are better read on the boss chart. Hence I drew my fibs there. Price is being resisted by 38.2% fib resistance. Already it was the one that didn't allow the rice to move higher in April 2017. Fib with weekly control candle confluence. We can conclude the resistance is strong as you can go back in time and find that in 2009 this resistance held the price well. Till last week closing, WCC was the 5th candle (by not counting the on-going candle) and last week candle has become WCC since it closed at 1.7647 while the previous WCC high was 1.7639 in my charts.

Worker - AS part of the last major downtrend that ended in 9th August 2017, the last HH was on 3rd august 2017. For me to consider price is in an uptrend, this has to be broken. There were 3 opportunities in the past. 29th September, 25th October and 1st November. However, if has put a buystop above 25 pips beyond the high of these candles, orders wouldn't have been filled. Ideal entry is on 15th November 2017 (identified by an arrow), when the price is supported by Strat Shadow and price gets to an uptrend. Momentum is marked in blue lines. very good momentum for us to enter on 15th November. There is a similar entry on 12th January.

In the present scenario there is a WCC resistance and D1 resistance of 1.7851. I shall wait for a week and if the price gets into a new WCC beyond 1.78517, I can enter a trade with the right bullish PA and ride the trend. SL has to go around 1.7751 which is nearly 150 Pips, however the minimum expected rewards is around the next minor resistance around 300 pips - 1:2 - and further if I could ride it, the major resistance is around 1.9287. It will be not a 'fat city' . However a significant trade.

Sorry for the long post - Now your feedback, teaching and comment as usual.
Attached Image(s) (click to enlarge)
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  • #2,602
  • Feb 26, 2018 9:55am Feb 26, 2018 9:55am
DJIA

Quoting darko2010
{quote} Thanks Strat. I am not a big boy but I can imagine that, after riding the uptrend train, I try and lure the little guys into buying while I leave the train without leaving too much profit on the table. Therefore, price will probably break the WCC during the week but the Boss will not necessarily close above it. If the Worker gives me a setup confirming this view, I will consider it to entrer short. I would really appreciate your views on this EDIT: I feel my analysis is incomplete, so here are a few points to explain my biais: - On the Big...
On the Big Boss, the low of the highest bar has been broken

No it hasn't! Have you already forgotten the condition needed to "break"?

On the Boss, the swing high has been confirmed 2 weeks ago already

Yes, but there is no confirmed swing low.....................yet

I do not follow this instrument (or stocks) so I am jumping in "half cocked" not understanding its rhythm and "quirks". So, PRICE was roaring UP and setting new highs for the last 15 months. Understandably, the Big Boys started taking profits while at the same time there must have been some adverse news which rocked the Market causing the chain reaction of selling. PRICE fell to a level which some of the Big Boys saw as a discount and bargain so they started buying again. The rest of the buyers are still afraid to buy and are waiting on the side lines. There are others who missed out on taking profit at the top and will be pushing PRICE back up to previous levels so that they can finally take profit.

In Elliott Wave Theory, this looks like the beginning of a complex Corrective Wave 4 BUT PASR traders know that PRICE does not always follow Elliott Wave Theory.

It may be too early for you darko, but the experienced PASR traders don't see candles - they see the Big Boys behind the candles
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,603
  • Feb 26, 2018 9:57am Feb 26, 2018 9:57am
DJIA

Quoting HappyTrend
{quote} I want to try answer this: 1) The Month is not over but the price go down and then is rejecting everything and going up again. We have few days after the close of the candle, but now current candle is inside of the last candle. Dow Jones still have Buyers. 2) In the WCC Strat Shadow is showing buyers, going to the Strat Shadow and then close at ema support. Next Weekly Candle is holding the support and close bullish inside of the WCC. Then again sellers try to push down but was rejecting by the support. 3) In the Daily is going up to test...
See post 2602
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,604
  • Edited 12:58pm Feb 26, 2018 10:18am | Edited 12:58pm
USDCAD

Quoting Malu
USDCAD BB: Strat shadow still on green, so buyers are still in control. But since 2016 market moved sideways, see also the slope of the EMAs. B: market in a down-move. Sellers are in control since mid of 2016. Price never crossed the 20 EMA and couldn’t cross the levels around 1,2916 (a few tests of that R). Knowing this I would just enter the market from the sell side. Price is now trapped in a WCC for the third week. W: doji at 22.02. showed me indecision , but the candle one day later was a BEEB at resistance (WCC and SR line) what showed me...
BB: Strat shadow still on green, so buyers are still in control. But since 2016 market moved sideways, see also the slope of the EMAs.

The colour of the Strat Shadow has NOTHING to do with buyer or seller control.

What is the Market Structure?

You are basing your analysis on the last Big Boss candle instead of SEEING the BIG BOSS BIG PICTURE

B: market in a down-move. Sellers are in control since mid of 2016. Price never crossed the 20 EMA and couldn’t cross the levels around 1,2916 (a few tests of that R). Knowing this I would just enter the market from the sell side.
Price is now trapped in a WCC for the third week.

Price never crossed the 20 EMA and couldn’t cross the levels around 1,2916 (a few tests of that R)

What has this got to do with PASR? PASR DOES NOT trade moving averages!

Knowing this I would just enter the market from the sell side.

REALLY! Do you remember writing this:

BB: Strat shadow still on green, so buyers are still in control

Are these two time frames in harmony?

W: doji at 22.02. showed me indecision , but the candle one day later was a BEEB at resistance (WCC and SR line) what showed me a good setup.

The doji on February 22, 2018 was at resistance telling us that some traders are taking profit.

but the candle one day later was a BEEB at resistance (WCC and SR line) what showed me a good setup.

Good set up for what? Losing money?

You need to spend MORE TIME reading and UNDERSTANDING The Power of Time Fames.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,605
  • Feb 26, 2018 10:23am Feb 26, 2018 10:23am
Quoting strat
DJIA {quote} On the Big Boss, the low of the highest bar has been broken No it hasn't! Have you already forgotten the condition needed to "break"?
OK, this is important for me, so you might want to use all caps of your keyboard but I really want to understand and believe me, I am focused on learning and understanding.

You wrote in your old thread and in your website on confirmed swings:
Many people get swings wrong because they are not using CONFIRMED swings. Unless a swing is CONFIRMED it is not valid and is about as much use as a crack in a glass eye!
I see three possibilities for confirmation here;
1.Marked candle has a higher high and has closed lower than the previous bullish bar
2.Price breaks below the marked bar's low or,
3.Price breaks below the last bullish bar's low since the swing high.

So, maybe it is because of my poor command of English, but it seems that the notion of "breaking" is something I am struggling to formalize. It is probably natural for you, but could you please tell me what are the condition needed to "break" or at least point me in the right direction?
  • #2,606
  • Edited 2:12pm Feb 26, 2018 10:24am | Edited 2:12pm
PASR

Quoting RickM
Hi Strat Will I have been following and using all your concepts on PASR trading for over 4 years now and thought it was about time to say Hi. Let me do this by posting today's chart on GBPCAD M5. A great trend for a while but we are getting close to resistance so I will see how price action reacts to this zone soon. {image}
Yes, I saw you posting on the Comedy Thread as a self proclaimed PRICE ACTION guru without giving PASR any credit.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,607
  • Feb 26, 2018 10:27am Feb 26, 2018 10:27am
PASR

Quoting lorix
hello all its good to see u back strat ive been away for quite sometime too for personal issues will try my best to follow up with all of u too folks
been away for quite sometime too for personal issues

REALLY! This didn't seem to stop your participation on the Indicator and Automated Junk trading threads!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,608
  • Feb 26, 2018 10:31am Feb 26, 2018 10:31am
GBPCAD M5 PASR Trend Trading

Quoting fxrabbi
GBPCAD M5 PASR Trend Trading: Took 2 trades: 1. The 1st one hit TP =25pips. 2. The second trades, I couldn't wait for it to hit TP of 50pips, so I manually exit it with profit, having sighted resistance ahead. NB: I knew Strat will expect me to do some add-on after my 1st 2 trades, but I didn't do that because I still have one trade still on. Happy Trading, Yomi. {image}
I knew Strat will expect me to do some add-on after my 1st 2 trades, but I didn't do that because I still have one trade still on

Yomi, you must do what YOU are comfortable with - NOT my expectations. As long as you are making consistent weekly profits, all is GOOD!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,609
  • Feb 26, 2018 10:33am Feb 26, 2018 10:33am
GBPJPY & GBPNZD M5

Quoting BeyondTheSea
M5 A bit late to the charts today but still some good trades. GBPJPY {image} GBPNZD {image}
Really GOOD way to start off the week and finish the month BTS!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,610
  • Feb 26, 2018 10:59am Feb 26, 2018 10:59am
GBPCAD

Quoting BeeCee
Hi Strat, My first analysis as part of my learning the old thread. I know there will be errors as part of my learning curve. Bigboss: Long term down trend - from 1997 onwards. Intermediate trend - upper trend with month august hitting 2.08. Immediate trend - upper trend - with price making Higher lows. From august 2017 onwards. My reading through the last 6 months, bigboys are pushing the price upwards. Boss - Swings are better read on the boss chart. Hence I drew my fibs there. Price is being resisted by 38.2% fib resistance. Already it was the...
Bigboss: Long term down trend - from 1997 onwards. Intermediate trend - upper trend with month august hitting 2.08. Immediate trend - upper trend - with price making Higher lows. From august 2017 onwards. My reading through the last 6 months, bigboys are pushing the price upwards.


You have MISSED very important RESISTANCE which is in CONFLUENCE with the Strat Shadow RESISTANCE. Also, on your trading chart, you ONLY need RESISTANCE above where PRICE is NOW and SUPPORT below where PRICE is NOW. All the others are a big distraction and are not needed until there is a CLOSE above/below one of those levels.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_M.jpg Size: 231 KB


Boss - Swings are better read on the boss chart. Hence I drew my fibs there. Price is being resisted by 38.2% fib resistance. Already it was the one that didn't allow the rice to move higher in April 2017. Fib with weekly control candle confluence. We can conclude the resistance is strong as you can go back in time and find that in 2009 this resistance held the price well. Till last week closing, WCC was the 5th candle (by not counting the on-going candle) and last week candle has become WCC since it closed at 1.7647 while the previous WCC high was 1.7639 in my charts.

Good! So from this, what is your trading decision? It is OK stating FACT but PASR traders need to know how to USE it.

Worker - AS part of the last major downtrend that ended in 9th August 2017, the last HH was on 3rd august 2017. For me to consider price is in an uptrend, this has to be broken. There were 3 opportunities in the past. 29th September, 25th October and 1st November. However, if has put a buystop above 25 pips beyond the high of these candles, orders wouldn't have been filled. Ideal entry is on 15th November 2017 (identified by an arrow), when the price is supported by Strat Shadow and price gets to an uptrend. Momentum is marked in blue lines. very good momentum for us to enter on 15th November. There is a similar entry on 12th January.

As part of the last major downtrend that ended in 9th August 2017, the last HH was on 3rd august 2017. For me to consider price is in an uptrend, this has to be broken.

""Broken"" - doing this will violate Rule #1 as you will be faked out so many times! PASR needs a CLOSE above/below any level. The trend is not determined on the Worker!

Ideal entry is on 15th November 2017 (identified by an arrow), when the price is supported by Strat Shadow and price gets to an uptrend.

NO! The ""ideal"" entry is off the small hammer on November 13, 2017

Momentum is marked in blue lines.

No its not. Those blue lines identify swings. Our candles identify Momentum long before you can draw those lines.

There is a similar entry on 12th January.

Good

Well done BeeCee!

Do you have a brother called AaaDee?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,611
  • Feb 26, 2018 11:10am Feb 26, 2018 11:10am
Quoting darko2010
{quote} OK, this is important for me, so you might want to use all caps of your keyboard but I really want to understand and believe me, I am focused on learning and understanding. You wrote in your old thread and in your website on confirmed swings: Many people get swings wrong because they are not using CONFIRMED swings. Unless a swing is CONFIRMED it is not valid and is about as much use as a crack in a glass eye! I see three possibilities for confirmation here; 1.Marked candle has a higher high and has closed lower than the previous bullish...
because of my poor command of English

For a Frenchman in London your command of English is VERY GOOD - my French pales in comparison!

AGAIN read and UNDERSTAND post 1950

If this is still not clear, ask.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,612
  • Feb 26, 2018 11:31am Feb 26, 2018 11:31am
Quoting strat
GBPJPY & GBPNZD M5 {quote} Really GOOD way to start off the week and finish the month BTS!
Thanks Strat, I know I left some on the table but I'll take a few ATM's towards the end of green month... and be very happy with it.
On a more serious note I'm working on Mr Greedy and Mr Fear on those extra entries, one day at a time!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,613
  • Feb 26, 2018 11:38am Feb 26, 2018 11:38am
Quoting strat
{quote} because of my poor command of English For a Frenchman in London your command of English is VERY GOOD - my French pales in comparison! AGAIN read and UNDERSTAND post 1950 If this is still not clear, ask.
It is cristal clear, and I somehow already knew/read it before. I just need to practice my eyes to not even have to analyze them to see them, make it become second nature.
Thanks Strat, I don't know how I or the rest of the forum can ever repay you for your generous and benevolent guidance
  • #2,614
  • Feb 26, 2018 11:43am Feb 26, 2018 11:43am
Dow Jones

M5

Its ok to take profit in there? The TP was at Resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: Intraday Strat 3.png Size: 76 KB
  • #2,615
  • Feb 26, 2018 11:53am Feb 26, 2018 11:53am
Quoting HappyTrend
Dow Jones M5 Its ok to take profit in there? The TP was at Resistance. {image}
Was your R:R 1?
  • #2,616
  • Feb 26, 2018 12:03pm Feb 26, 2018 12:03pm
Quoting strat
USDCAD {quote} You need to spend MORE TIME reading and UNDERSTANDING The Power of Time Fames.
Thanks Strat. Maybe I should step back , study in the background and post later on.
  • #2,617
  • Feb 26, 2018 12:09pm Feb 26, 2018 12:09pm
Quoting strat
GBPCAD {quote} Bigboss: Long term down trend - from 1997 onwards. Intermediate trend - upper trend with month august hitting 2.08. Immediate trend - upper trend - with price making Higher lows. From august 2017 onwards. My reading through the last 6 months, bigboys are pushing the price upwards. You have MISSED very important RESISTANCE which is in CONFLUENCE with the Strat Shadow RESISTANCE. Also, on your trading chart, you ONLY need RESISTANCE above where PRICE is NOW and SUPPORT below where PRICE is NOW. All the others are a big distraction and...
Thanks for reading such a long post and reverting back. Your explanations are too good. will keep those in mind. Some clarifications below.

You have MISSED very important RESISTANCE which is in CONFLUENCE with the Strat Shadow RESISTANCE.

You are right. Added it now. My bad.

All the others are a big distraction and are not needed until there is a CLOSE above/below one of those levels.

What do you do here. whats the best practice here. how to make it invisible.

Good! So from this, what is your trading decision? It is OK stating FACT but PASR traders need to know how to USE it.

wait for the WCC to close beyond 1.7851 and place a buy stop above the daily high with the right PASR. Please suggest if this is the right course of action.

NO! The ""ideal"" entry is off the small hammer on November 13, 2017

I observed the hammer. However, there is a D1 resistance right on top of the hammer. Hence I made nov 15th as the ideal entry. Irrespective of that, do you suggest to take a position above the close of the hammer. Please suggest.


Broken - while in my mind as a PASR trader, I always refer to a close, I had mentioned it by mistake. Will be more clearer the next time. (BTW, nothing other than close matters for me).

The trend is not determined on the worker - I will do more analysis and get this right

Our candles identify momentum long before you can draw those lines! - THis is a big area of improvement. More studies required here.Thanks for the feedback. I will go through the charts in the old thread.

Do you have a brother called Aaadee - Not really... :-)

Thanks for taking time guru.

Thanks

Beecee
  • #2,618
  • Feb 26, 2018 2:07pm Feb 26, 2018 2:07pm
DJIA

Quoting HappyTrend
Dow Jones M5 Its ok to take profit in there? The TP was at Resistance. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Intraday Strat 3.png Size: 80 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,619
  • Feb 26, 2018 2:14pm Feb 26, 2018 2:14pm
PASR

Quoting Malu
{quote} Thanks Strat. Maybe I should step back , study in the background and post later on.
No, keep posting. You will learn PASR at a much faster rate by my critiquing your posts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,620
  • Feb 26, 2018 3:02pm Feb 26, 2018 3:02pm
Quoting strat
PASR {quote} No, keep posting. You will learn PASR at a much faster rate by my critiquing your posts.
Ok. Will do so. Thanks for encouraging me.
Didn’t want to sound frustrated , maybe today just wasn’t my day (not in the sense of trading).
However: giving up is not an option anyway.
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