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  • #2,981
  • Mar 14, 2018 10:43am Mar 14, 2018 10:43am
AUDJPY

Quoting BeyondTheSea
{quote} 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) {image} Worker continuing UP trend {image} Watching with interest...
Finally, a good discussion from others. This interchange and discussion is how you accelerate your PASR learning progress. Thank you Yoki, BeeCee, beer swilling and pizza eating Rub, and BeyondTheSea.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,982
  • Mar 14, 2018 11:26am Mar 14, 2018 11:26am
AUDJPY

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?
I don't normally waste my time on LURKERS but since I am in a benevolent mood, I will give you my ""thoughts""

First, why should we give you advice? This is a thread for teaching PASR and how to be consistently profitable so that traders can Trade For A Living.

Second, why are you posting on this thread? You are not a student.

Third, words mean NOTHING - post charts.

Fourth, PRICE did not ""spike down"" or ""melted"" on my charts.

Fifth, PRICE goes DOWN because there are MORE SELLERS than buyers.

Sixth, PASR traders EXPECTED a REACTION at that PRICE.

Seventh, Crude Oil, US or otherwise, has no impact on either AUD or JPY.

Eighth, you need to consider your etiquette when visiting Forums and Threads
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,983
  • Mar 14, 2018 11:28am Mar 14, 2018 11:28am
EURAUD M5 PASR Trend Trading

Quoting fxrabbi
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. {image}
Yomi, you are a pip profiting machine!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,984
  • Mar 14, 2018 12:05pm Mar 14, 2018 12:05pm
Quoting strat
EURAUD M5 PASR Trend Trading {quote} Yomi, you are a pip profiting machine!
Thanks to PASR Trend Trading Strategy.....

The easiest and stress free ways of making money.....
Time always comes before price
  • #2,985
  • Mar 14, 2018 2:08pm Mar 14, 2018 2:08pm
Here is my First post here. Took a WEAT ETF to analyse it
will try to post atleast one analysis per week. I see this as opportunity to learn
BB: is in long term Downtrend. immediate uptrend price is at strat shadow resistance
B: Same long term down trend. immediate trend is uptrend. recently made HH and price above strat shadow. looks like it formed a WCC( Im not yet clear on this concept so pardon me if i'm wrong).
W: Immediate uptrend, made a HH recently and price at the start shadow support.

Trade Plan.
Buy at 1/2 at 6.60 and 1/2 at 6.50
Target : 8.25
hurdles on the way up at 7.40 and 7.80



BB
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B
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W
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  • #2,986
  • Mar 14, 2018 2:44pm Mar 14, 2018 2:44pm
PASR WHEAT

Quoting tintin1
Here is my First post here. Took a WEAT ETF to analyse it will try to post atleast one analysis per week. I see this as opportunity to learn BB: is in long term Downtrend. immediate uptrend price is at strat shadow resistance B: Same long term down trend. immediate trend is uptrend. recently made HH and price above strat shadow. looks like it formed a WCC( Im not yet clear on this concept so pardon me if i'm wrong). W: Immediate uptrend, made a HH recently and price at the start shadow support. Trade Plan. Buy at 1/2 at 6.60 and 1/2 at 6.50 Target...
Welcome to PASR but why were you not successful on your other threads?

Commodities eh? I did pretty good with the grains when I was trading Futures - the problem is they are very highly correlated to weather conditions.

Big Boss - you have more lines on there than in King's Cross Station! Your Little People will drive you crazy with them. Read Post 2784

Then those lines are screwing up the Boss and Worker plus your charts are dark and miserable. Please post with white backgrounds so that we can SEE what is going on.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,987
  • Mar 14, 2018 4:09pm Mar 14, 2018 4:09pm
Quoting strat
GBPCAD {quote} 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

I dont think so.

Today i have a Doji Candle. My SL is now bellow of that Doji Candle. Im correct?

I post the chart in the first post about GBPCAD.


Bellow is the Chart of Today.

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  • #2,988
  • Edited 4:21pm Mar 14, 2018 4:10pm | Edited 4:21pm
Quoting strat
PASR WHEAT {quote} Welcome to PASR but why were you not successful on your other threads? Commodities eh? I did pretty good with the grains when I was trading Futures - the problem is they are very highly correlated to weather conditions. Big Boss - you have more lines on there than in King's Cross Station! Your Little People will drive you crazy with them. Read Post 2784 Then those lines are screwing up the Boss and Worker plus your charts are dark and miserable. Please post with white backgrounds so that we can SEE what is going on.
Strat,
I don't trade for living like others here. I have a full time job and in my spare time i like to trade. So that leaves me out of day trading. Basically my trading is as of now long term investing with day trades here and there when i have time. having said that I want to learn trading, so I'm on the path. 'Im slow to learn but I have time on my side to learn the stuff. Mostly i trade S/D with cycles and Im fairly successfull at that as my time frame is longer. tried the lower time frame also works well but don't have time to constantly watch
But I still have lot of things to learn so when i find new stuff that can add to my S/D trading I'll follow it and try to learn it and thats how I ended up here.

As you pointed out one of my issues in drawing S/R lines. I have too many lines in all time frames and I need to hone my skill in that area, which i'm constantly working on and improving. I feel half the battles is won if oyu have correct S/R levels drawn. thanks for post number will take a look

I dont know i always liked the dark themes on my charts and im used to that.

"Commodities eh? I did pretty good with the grains when I was trading Futures - the problem is they are very highly correlated to weather conditions"
yes ppl say that seasonality affects them. but for me Im a big believer on the cycles( I follow armstrong for cycles ) ,and if the cycle is up it has to comes down and vice versa. so I wont give much thought abt the seasonality and look at the cycles and trade based on that and you will be amazed to see how those seasonality coincides with the cycles. enough my rambling. Im here to learn and will do just that
  • #2,989
  • Mar 14, 2018 4:42pm Mar 14, 2018 4:42pm
GBPCAD

Quoting HappyTrend
{quote} I dont think so. Today i have a Doji Candle. My SL is now bellow of that Doji Candle. Im correct? I post the chart in the first post about GBPCAD. Bellow is the Chart of Today. {image}
My SL is now bellow of that Doji Candle. Im correct?

Yes if you want it to get hit
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,990
  • Edited 7:27pm Mar 14, 2018 5:12pm | Edited 7:27pm
Armstrong Cycles

Quoting tintin1
{quote} Strat, I don't trade for living like others here. I have a full time job and in my spare time i like to trade. So that leaves me out of day trading. Basically my trading is as of now long term investing with day trades here and there when i have time. having said that I want to learn trading, so I'm on the path. 'Im slow to learn but I have time on my side to learn the stuff. Mostly i trade S/D with cycles and Im fairly successfull at that as my time frame is longer. tried the lower time frame also works well but don't have time to constantly...
for me Im a big believer on the cycles( I follow armstrong for cycles) OK, whatever floats your boat

Mr. Armstrong; I attended the Paris conference of the BIS when you were the keynote speaker. You delivered a forecast that was probably too far ahead for its time. You said the euro would go through and it would first drop but then peak with deflation in 2008 after the markets crash from 2007. You elaborated saying currency rises during a crash when people run to cash. You also said the euro would then decline for 13 years into 2021 before a new system will emerge.
That stuck in my mind and I watched it fall then rally into 2008 and the crash of 2007 you forecast some 10 years in advance. My question is simply this. You said, if I remember correctly, that the dollar would soar thereafter and we would see another monetary crisis as we did in 1985.

He got the EURO right
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But not the US $
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So 50/50 probability = no better than a coin toss really

I really don't know how I have done so well without them - must be that they are already discounted in PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,991
  • Mar 14, 2018 5:34pm Mar 14, 2018 5:34pm
Quoting strat
Armstrong Cycles {quote} for me Im a big believer on the cycles( I follow armstrong for cycles) OK, whatever floats your boat Mr. Armstrong; I attended the Paris conference of the BIS when you were the keynote speaker. You delivered a forecast that was probably too far ahead for its time. You said the euro would go through and it would first drop but then peak with deflation in 2008 after the markets crash from 2007. You elaborated saying currency rises during a crash when people run to cash. You also said the euro would then decline for 13 years...
"or me Im a big believer on the cycles( I follow armstrong for cycles) OK, whatever floats your boat
So 50/50 = no better than a coin toss really
I really don't know how I have done so well without them - must be that they are already discounted in PASR "
Lol Ok cool.
Strat everybody has something that floats their boat. For you PASR, for armstrong his own cycle and models and for me Cycles and S/D. looks like we all 3 are doing good. Let's not get in to who got how many things or percentage right and every methodology has it own pitfalls. Having said that, I think PASR pffers some valuable information whcih will help me to improve vastly. Thanks
  • #2,992
  • Mar 14, 2018 5:50pm Mar 14, 2018 5:50pm
Drawing S/R Lines

Quoting strat
PASR WHEAT {quote} Welcome to PASR but why were you not successful on your other threads? Commodities eh? I did pretty good with the grains when I was trading Futures - the problem is they are very highly correlated to weather conditions. Big Boss - you have more lines on there than in King's Cross Station! Your Little People will drive you crazy with them. Read Post 2784 Then those lines are screwing up the Boss and Worker plus your charts are dark and miserable. Please post with white backgrounds so that we can SEE what is going on.
Read Post 2784
It is the best post explain drawing S/R lines on all time frames. Everybody new to this thread should go through that

Thanks
  • #2,993
  • Mar 14, 2018 7:31pm Mar 14, 2018 7:31pm
Quoting tintin1
{quote} "or me Im a big believer on the cycles( I follow armstrong for cycles) OK, whatever floats your boat So 50/50 probability = no better than a coin toss really I really don't know how I have done so well without them - must be that they are already discounted in PASR " Lol Ok cool. Strat everybody has something that floats their boat. For you PASR, for armstrong his own cycle and models and for me Cycles and S/D. looks like we all 3 are doing good. Let's not get in to who got how many things or percentage right and every methodology...
OK, please reciprocate and share if you find something which can help us.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,994
  • Mar 14, 2018 7:46pm Mar 14, 2018 7:46pm
Quoting BeeCee
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.... {image} {image} {image}
Hey BeeCee,

I've had my eye on this pair too. What's stopping me personally from trading it at the moment is the boss SS at weekly resistance. Boss is in an uptrend but I'm going to wait to see if the boss can at least close above the weekly resistance I have before I consider buying.

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  • #2,995
  • Mar 14, 2018 8:27pm Mar 14, 2018 8:27pm
Quoting strat
GBPCAD {quote} My SL is now bellow of that Doji Candle. Im correct? Yes if you want it to get hit

I really dont care if i get hit or not... I really care that im doing correct the things. (I put back my SL at breakeven)

Can you add any feedback?

I already say that my TP is in the next resistance and you answer me that if i think that is going to slice over the RN...
Already say that my SL is bellow the doji and ur answer is if i want to get hit...

If im thinking and doing those things is because i think im doing the correct things. Can you correct me, please.
  • #2,996
  • Mar 15, 2018 12:04am Mar 15, 2018 12:04am
Quoting strat
AUDJPY {quote} Finally, a good discussion from others. This interchange and discussion is how you accelerate your PASR learning progress. Thank you Yoki, BeeCee, beer swilling and pizza eating Rub, and BeyondTheSea.
Hey! I resemble that remark!
  • #2,997
  • Mar 15, 2018 5:22am Mar 15, 2018 5:22am
Quoting Yoki
{quote} Hey BeeCee, I've had my eye on this pair too. What's stopping me personally from trading it at the moment is the boss SS at weekly resistance. Boss is in an uptrend but I'm going to wait to see if the boss can at least close above the weekly resistance I have before I consider buying. {image}
Hi Yoki,

In my worker charts, the High of the last bullish candle day before yesterday coincides with the feint resistance back in June and April 2016. Hence, I will not consider buying until price closes above 1.8150. Remember, stressfree, low risk... I want to take that route. Your feedback pls.

Thanks
Beecee
  • #2,998
  • Edited 9:32am Mar 15, 2018 8:37am | Edited 9:32am
Quoting BeeCee
{quote} Hi Yoki, In my worker charts, the High of the last bullish candle day before yesterday coincides with the feint resistance back in June and April 2016. Hence, I will not consider buying until price closes above 1.8150. Remember, stressfree, low risk... I want to take that route. Your feedback pls. Thanks Beecee
Hey BeeCee,

Yes, I see the resistance area you're talking about bit I'm looking at the boss to see it. It's also in line with April of 2015. I think you're right. Waiting for a close above that resistance area around 1.815 on the boss would be would be much better before considering buying. It would also be a close above the high of the SS formed last week. Thanks for helping me see that. The last thing I'm thinking about that's probably worth considering is the relatively far distance price is away from the strat shadow on the boss. We may see that rubber band effect or it could just keep gradually going up like it did mid 2013 to early 2014. If it does close above that resistance area you mentioned, I'll still be a buyer as long as the boss says so and we get worker PASR

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  • #2,999
  • Mar 15, 2018 9:29am Mar 15, 2018 9:29am
M5 PASR Trend Trading:





Done for today.
Happy Trading,
Yomi.
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Time always comes before price
  • #3,000
  • Mar 15, 2018 9:32am Mar 15, 2018 9:32am
Quoting fxrabbi
M5 PASR Trend Trading: Done for today. Happy Trading, Yomi. {image} {image} {image}
Good job!
It's in fear when people show what they truly value.
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