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  • #2,961
  • Mar 13, 2018 5:55pm Mar 13, 2018 5:55pm
GBPCAD

Quoting HappyTrend
GBPCAD Daily. I entry yesterday but didnt know if this was a good trade because last Week end with a very big shooting star WEEKLY CANDLE and start the first WCC Candle. But Yesterday close as Engulfing Bullish. Monthly is Trending Up, Weekly Was Trending up but this is the first WCC candle and Daily Trending UP. {image}
Great, but what is your PLAN?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,962
  • Mar 13, 2018 6:18pm Mar 13, 2018 6:18pm
Quoting strat
GBPCAD {quote} Great, but what is your PLAN?
TP to the next resistance 1.8500.

The price is more of my Risk:Reward, then i place already BreakEven +5

If i a Shooting Star in there (at the top) or Doji, im going to move my BE bellow of it. But for now, im going to leave it.


*Please correct me if my trade is wrong or my plan is wrong, im in the path of changing my mind to the Daily Trades haha, and i dont want to change with errors.
  • #2,963
  • Mar 13, 2018 8:11pm Mar 13, 2018 8:11pm
Quoting strat
PASR {quote} But what about your fantasies with indicators and wannabe traders posting triple digit profits on DEMO accounts?
In my initial days, i tried indicators suggested by a lot of people, but very soon i realized that the indicators area waste and move behind the price.

To have an edge in the market i must improve my skills in a direction where i can plan and try to predict and take my trades based on it. I started my study on price action, traded support and resistance, doji's, pin bars, pullbacks in already established trends, triangle breaks etc.

Of all these Pullbacks and Pin Bars have been very profitable. I spend hours studying daily charts. My trading improved a lot.

Have also made it a point to calculate the risk before taking a trade, and never risk more then 1-2% of my account.

So fortunately i am now no more in a impression that an indicator would earn me money : -).. the only indicators i use are 20, 50 and 200 ma.

I am going through this thread now, have read the pdf. And the information has really provided me a great direction.

Would love to improve my trading as part of this forum.
  • #2,964
  • Mar 13, 2018 8:25pm Mar 13, 2018 8:25pm
Hey strat I am new to the forums well not really new but I have been hovering around for some time. I just wanted to say I appreciate the content you are posting and it really strikes chords with me... Getting slaughtered on the lower time frames will never allow us to understand price action. I have read your PDF one time and plan to read again many times, I am going through this thread now from start to finish, currently on page 6 lol. I hope to post some of my trades and receive feedback from you in the future.

Thanks for your amazing contributions, Kal.
  • #2,965
  • Edited 10:12pm Mar 13, 2018 9:53pm | Edited 10:12pm
AUD/JPY

Hi Strat and everyone,

Still reading the other thread. Thought I'd share my analysis for this pair.

Big Boss: Relatively large bearish candle for the month of Feb. Price looks like it wants to go further down.

Attached Image (click to enlarge)
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Boss: Primary trend is down. Price inside a WCC.

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Worker: Doji SS at WCC resistance, strat shadow resistance, and what I have as weekly resistance.

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Plan: 2 sell stops below low of doji SS, SL above the high of the SS. TPs are at ATR 5 and WCC support. I plan on moving price to BE when/if price reaches my first target. Orders will be deleted if price reaches my SL price before hitting my sell stops. Comments and critique welcome.
  • #2,966
  • Edited 1:28am Mar 14, 2018 1:12am | Edited 1:28am
Quoting Yoki
AUD/JPY Hi Strat and everyone, Still reading the other thread. Thought I'd share my analysis for this pair. Big Boss: Relatively large bearish candle for the month of Feb. Price looks like it wants to go further down. {image} Boss: Primary trend is down. Price inside a WCC. {image} Worker: Doji SS at WCC resistance, strat shadow resistance, and what I have as weekly resistance. {image} Plan: 2 sell stops below low of doji SS, SL above the high of the SS. TPs are at ATR 5 and WCC support. I plan on moving price to BE when/if price reaches my first...
Hi Strat/Yoki and others.

Same pair and result, however different perspective. Request your feedback.

BB: Downtrend. Price in a triangle.

Boss: Downtrend. how do you confirm the downtrend from an uptrend. Here you go. Based on my understanding from the old thread, this is the only time worker swing exceeds boss existing swing on an opposite trend. The swing low in the worker chart marked inside blue box is the indication for trend change. Still the long bearish candle (week before last) is in control. Price could not go higher. Based on the fibs from recent confirmed swings trend does show a downtrend.

Worker: Proper rejection of price for the last 4 days (including sunday bar) by strat shadow. Shooting star formation at a WCC resistance with a long upper wick confirming the search for buyers and looks like they are not available. The possibility of a Bond hammer is ruled out because of the resistance and profit taking activity before the formation of Shooting star and also this is part of a downtrend.

At present it looks more a ATM trade than a trend trade as 82.1 and 81.5 can offer significant support.

Here is my result. After confirming everything, I am NOT taking this trade because of the Low R/R. The reason for Low R/R is if you look at the daily chart, there is a feint resistance at 83.137. I need to go down for my sell stop, if that's the case my R/R will be inverse.

So now I want feedback from our team on whether this is right analysis or analysis paralysis.
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  • #2,967
  • Mar 14, 2018 1:15am Mar 14, 2018 1:15am
Quoting Yoki
AUD/JPY Hi Strat and everyone, Still reading the other thread. Thought I'd share my analysis for this pair. Big Boss: Relatively large bearish candle for the month of Feb. Price looks like it wants to go further down. {image} Boss: Primary trend is down. Price inside a WCC. {image} Worker: Doji SS at WCC resistance, strat shadow resistance, and what I have as weekly resistance. {image} Plan: 2 sell stops below low of doji SS, SL above the high of the SS. TPs are at ATR 5 and WCC support. I plan on moving price to BE when/if price reaches my first...

Well, you beat me to posting it! I'm setting up much the same trade, but targeting the bottom of the WCC with much the same overall plan.

Seeing you've done all the hard work I'll kick back and enjoy my homebrew and homemade pizza.
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  • #2,968
  • Edited 2:54am Mar 14, 2018 1:57am | Edited 2:54am
Quoting BeeCee
{quote} Hi Strat/Yoki and others. Same pair and result, however different perspective. Request your feedback. BB: Downtrend. Price in a triangle. Boss: Downtrend. how do you confirm the downtrend from an uptrend. Here you go. Based on my understanding from the old thread, this is the only time worker swing exceeds boss existing swing on an opposite trend...{image} {image} {image}
Hi BeeCee,

Thanks a bunch for your input. Regarding the boss trend, we always want to take a trade on the worker in the direction of the boss primary trend. Toward the last 15% or so of Strat's other thread, it becomes more clear on how to determine the primary trend. From what I've understood, the primary trend is in the direction of the latest swing, unless the swing occurs in a weekly control candle. Once price on the weekly closes outside the WCC, the primary trend is in that direction. And doesn't change until a swing in the opposite direction (not in a WCC) or a break of the WCC in the opposite direction. There might be more to it than that but that's all I've got so far haha. Many of Strat's examples from the other thread, I've noticed, is also trading in anticipation of a primary trend change based on pasr on the boss.

Regarding the feint resistance you pointed out, I didn't even notice it. But here is a post from Strat's other thread that may help you as it has helped me. It's a post from one of his subscribers when he had his private website. https://www.forexfactory.com/showthr...73#post7982073

Yoki
  • #2,969
  • Mar 14, 2018 2:58am Mar 14, 2018 2:58am
Quoting Yoki
{quote} Hi BeeCee, Thanks a bunch for your input. Regarding the boss trend, we always want to take a trade on the worker in the direction of the boss primary trend. Toward the last 15% or so of Strat's other thread, it becomes more clear on how to determine the primary trend. From what I've understood, the primary trend is in the direction of the latest swing, unless the swing occurs in a weekly control candle. Once price on the weekly closes outside the WCC, the primary trend is in that direction. And doesn't change until a swing in the opposite...
Thanks for the feedback, Yoki. You have made a fantastic point regarding the primary trend. However, I am still a long way away from the "last 15%". Let me continue reading as well as posting my charts and providing perspectives. Appreciate your feedback and it is well taken.
  • #2,970
  • Mar 14, 2018 6:59am Mar 14, 2018 6:59am
Quoting Yoki
AUD/JPY Hi Strat and everyone, Still reading the other thread. Thought I'd share my analysis for this pair. Big Boss: Relatively large bearish candle for the month of Feb. Price looks like it wants to go further down. {image} Boss: Primary trend is down. Price inside a WCC. {image} Worker: Doji SS at WCC resistance, strat shadow resistance, and what I have as weekly resistance. {image} Plan: 2 sell stops below low of doji SS, SL above the high of the SS. TPs are at ATR 5 and WCC support. I plan on moving price to BE when/if price reaches my first...
AUDJPY

Hi Yoki, BeeCee

This pair also caught my interest and at first glance it seems a simple entry, if this is a corrective pull back before continuation with the down trend.

To me it seems AUD has some steam left and I'm watching the 4 hour to be convinced the big boys aren't taking it up further. I don't want my order to get sucked up below that SS and might enter an order enter after you...


4HR showing potential support at SS worker entry (pink horizontal line)

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Worker continuing UP trend

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Watching with interest...
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,971
  • Mar 14, 2018 7:01am Mar 14, 2018 7:01am
Hi Team,

GBPCAD trade identification

BB: Longterm down trend and immediate uptrend. Couple of HLs. Signficant resistance has been crossed (On-going candle, however price did not close above the resistance to be noted. Only by the end of this month we will know the actual pattern. Most important point is the last swing of BB is exceeded with a strong candle. Uptrend scenario.

Boss: Uptrend with HLs. Boss swing exceeded. Fibs show uptrend. Last week price was in search of buyers. This week is yet to close hence cannot comment of the WCC.

Worker: Price crossed significant resistance at 1.78517. Now trying to test feint resistance at 1.8147 with support at Fib 100. Closed above BB/boss swing high. Strong uptrend, hence going for a buystop above 1.8147 and SL below 1.8147. 3 lots. Good R/R if it gets filled. Alternative scenario can get the price to boss 61.8 fibs. However not interested in taking a counter trend.

TO be very honest, I wanted to put in a buy stop just above 1.78517 resistance the day before. However, not sure on whether price can cross the BB/boss swing high. Hence waited.

Feedback and comments are welcome.
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  • #2,972
  • Mar 14, 2018 7:28am Mar 14, 2018 7:28am
EURAUD M5 PASR Trend Trading:



TP1= +25pips - reached.

TP2= 50pips - manually stop it with +26.8pips because of the support sighted close to the price.



Happy Trading,
Yomi.
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Time always comes before price
  • #2,973
  • Mar 14, 2018 9:47am Mar 14, 2018 9:47am
Does anybody know why AUD/JPY spiked down after its break to the upside at 10am et? It was on its way to 84.45 resistance range then melted. I don't think us
crude oil #s at 1030am played a part in the drop. Any thoughts?
  • #2,974
  • Edited 11:07am Mar 14, 2018 9:56am | Edited 11:07am
GBPCAD

Quoting HappyTrend
{quote} TP to the next resistance 1.8500. The price is more of my Risk:Reward, then i place already BreakEven +5 If i a Shooting Star in there (at the top) or Doji, im going to move my BE bellow of it. But for now, im going to leave it. *Please correct me if my trade is wrong or my plan is wrong, im in the path of changing my mind to the Daily Trades haha, and i dont want to change with errors.
So you think PRICE is going to slice through BRN 1.82 & 1.83?

Always post charts so that we can see what you are trying to say
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,975
  • Mar 14, 2018 10:01am Mar 14, 2018 10:01am
Quoting KingLLL
Does anybody know why AUD/JPY spiked down after its break to the upside at 10am et? It was on its way to 84.45 resistance range then melted. I don't think us crude oil #s at 1030am played a part in the drop. Any thoughts?
post a chart? what melting.
It's in fear when people show what they truly value.
  • #2,976
  • Edited 11:29am Mar 14, 2018 10:01am | Edited 11:29am
PASR

Quoting maxleecool
{quote} In my initial days, i tried indicators suggested by a lot of people, but very soon i realized that the indicators area waste and move behind the price. To have an edge in the market i must improve my skills in a direction where i can plan and try to predict and take my trades based on it. I started my study on price action, traded support and resistance, doji's, pin bars, pullbacks in already established trends, triangle breaks etc. Of all these Pullbacks and Pin Bars have been very profitable. I spend hours studying daily charts. My trading...
OK let's see how you get on but note, that pdf is not mine and it is no substitute for first reading my "old" original thread followed by this thread.

If you are looking for a better summary of the PASR PATH then use this from my expired private website:

https://web.archive.org/web/20120603...rning:overview
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,977
  • Mar 14, 2018 10:03am Mar 14, 2018 10:03am
PASR

Quoting KalTal
Hey strat I am new to the forums well not really new but I have been hovering around for some time. I just wanted to say I appreciate the content you are posting and it really strikes chords with me... Getting slaughtered on the lower time frames will never allow us to understand price action. I have read your PDF one time and plan to read again many times, I am going through this thread now from start to finish, currently on page 6 lol. I hope to post some of my trades and receive feedback from you in the future. Thanks for your amazing contributions,...
Welcome but note my comments on Post 2976
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,978
  • Edited 11:29am Mar 14, 2018 10:27am | Edited 11:29am
AUDJPY

Quoting Yoki
AUD/JPY Hi Strat and everyone, Still reading the other thread. Thought I'd share my analysis for this pair. Big Boss: Relatively large bearish candle for the month of Feb. Price looks like it wants to go further down. {image} Boss: Primary trend is down. Price inside a WCC. {image} Worker: Doji SS at WCC resistance, strat shadow resistance, and what I have as weekly resistance. {image} Plan: 2 sell stops below low of doji SS, SL above the high of the SS. TPs are at ATR 5 and WCC support. I plan on moving price to BE when/if price reaches my first...
Good analysis, Yoki, except for Big Boss: Price looks like it wants to go further down.

PRICE has been trapped in a range since December 2016 and it first has to CLOSE below that range before it can ""look"" to go down

REMOVE your ATR indicator at the bottom of your chart as it is taking up VALUABLE space needed for PRICE. You should have ATR reading directly not as an indicator.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,979
  • Edited 11:30am Mar 14, 2018 10:37am | Edited 11:30am
PASR

Quoting Yoki
{quote} Hi BeeCee, Thanks a bunch for your input. Regarding the boss trend, we always want to take a trade on the worker in the direction of the boss primary trend. Toward the last 15% or so of Strat's other thread, it becomes more clear on how to determine the primary trend. From what I've understood, the primary trend is in the direction of the latest swing, unless the swing occurs in a weekly control candle. Once price on the weekly closes outside the WCC, the primary trend is in that direction. And doesn't change until a swing in the opposite...
Yoki, thank you for your input and for posting this link. I wish I had copied the whole website prior to closing it.

The last paragraph is VERY IMPORTANT and what I have been saying to those new on this thread:

Attached Image


EDIT:

That whole post is so IMPORTANT here it is again:

Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 215 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,980
  • Mar 14, 2018 10:42am Mar 14, 2018 10:42am
Quoting strat
AUDJPY {quote} Good analysis, Yoki, except for Big Boss: Price looks like it wants to go further down. PRICE has been trapped in a range since December 2016 and it first has to CLOSE below that range before it can ""look"" to go down REMOVE your ATR indicator at the bottom of your chart as it is taking up VALUABLE space needed for PRICE. You should have ATR reading directly not as an indicator.
Thanks a lot Strat,

Yes, I feel my big boss analysis needs work in general. I'll keep practicing.

And you got it, I'll remove the ATR indicator so I can see price better and get an ATR reading I can just have as a number out of the way.

Will continue to read and learn everyday.
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