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  • #3,361
  • Mar 29, 2018 6:17pm Mar 29, 2018 6:17pm
Quoting darko2010
{quote} To me, that's the opposite of interesting Rub. All JPY pairs are directionless with most of them stuck in a WCC. That doesn't mean you can't trade them though, but I currently see more "intent" in the GBP and CAD pairs. Wouldn't you agree?
I tend to mean interesting as in to keep an eye on and watch. Not interesting as in trade it.
It's not that my example is floating around in the middle of nowhere, there are some areas nearby that are important, it's just that I need to see which way it breaks. If that makes sense? It's hard to get the subtleties right in text, never quite sure I'm getting my meaning across right.

I don't imagine there's going to be much going on until next week, unless the US session does something.
  • #3,362
  • Mar 29, 2018 6:20pm Mar 29, 2018 6:20pm
Quoting strat
USDJPY {quote} PRICE on the Big Boss is at SUPPORT - why would you want to trade short? {image}
Thanks so much, was a blunder on my part.. glad i took my stops off.

Working on my S and R levels now, and refining them.
  • #3,363
  • Mar 29, 2018 6:51pm Mar 29, 2018 6:51pm
Quoting strat
{quote} So now you have more goodies to add to all your Indicator Junk!
Why then would you yourself use this indicator junk on your charts? (In case you are confused and are not sure what ribbon is, it is red and green band with varying widths that you have on your charts).

I normally am neutral in my writings and expressions, unless I am confronted by unprovoked and uncalled for arrogance.

May be a good idea to get down your high horse every now and then and try to see around.
  • #3,364
  • Mar 29, 2018 7:10pm Mar 29, 2018 7:10pm
Quoting Rub
{quote} I tend to mean interesting as in to keep an eye on and watch. Not interesting as in trade it. It's not that my example is floating around in the middle of nowhere, there are some areas nearby that are important, it's just that I need to see which way it breaks. If that makes sense? It's hard to get the subtleties right in text, never quite sure I'm getting my meaning across right. I don't imagine there's going to be much going on until next week, unless the US session does something.
You are right, it is interesting to monitor.
On GJ, I have been waiting for opportunities to short for many days now, based on what the BB tells us. The worker that just closed is appealing enough to me even though I will look for entries on lower timeframes, primarily to try to get a better R:R even though I would like to trade this one on the worker
  • #3,365
  • Mar 29, 2018 7:57pm Mar 29, 2018 7:57pm
Quoting MidnightRun
{quote} Why then would you yourself use this indicator junk on your charts? (In case you are confused and are not sure what ribbon is, it is red and green band with varying widths that you have on your charts). I normally am neutral in my writings and expressions, unless I am confronted by unprovoked and uncalled for arrogance. May be a good idea to get down your high horse every now and then and try to see around.
May be a good idea to get down your high horse every now and then.

My ""high horse"" got me to be ""consistently profitable" for decades - and, many of my students! What did your "high horse" do? Ah yes, for 9 years you have been thread hopping in search of the Holy Grail and STILL can't trade your way out of a wet paper bag!

and try to see around

See around? Like you? - thread hopping all the threads on FF? I have no interest in ""seeing around""! I have a ""consistently profitable strategy"" proven not just by me, but by many of my students who are now Trading For A Living. My attention is focused 100% on here and those interested in learning PASR.

Goodbye!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,366
  • Mar 29, 2018 8:12pm Mar 29, 2018 8:12pm
EURAUD monthly chart trying to go uptrend. Hitting a resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB


Weekly chart trying to go uptrend as well.

Attached Image (click to enlarge)
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Meanwhile last week could possibly be a WCC candle.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 86 KB


Daily chart, 28th Mar just got a BEOB, so stay out.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 82 KB


BB, B and worker's SR drawn in different color, not sure if they drawn correctly though.
  • #3,367
  • Mar 30, 2018 2:59am Mar 30, 2018 2:59am
Hello Mr. Strat and everybody!

Im again here after 2 month reading and learning James16 and old Starts threads to get ground knowledge about PA and main candle patterns .
I adopted some important ideas from Mr. Stratt:
1. Trade D1 only
2. Trade always with 2 volumes and trade not more than 0.02xLot for a small account
3. Take TP1 by the first R/S or about +50 pips, move SL to BE and take TP2 about +100 pips or let it run and move SL forward in plus direction.
I traded in Jan and Feb a Demo account.
From 1. March I trade a small live account and my result for this month is +8%.
I trade no clear PASR from this thread, but I trade PA with Support/Resistance, 2 MAs (SMA5 & EMA30) and BRN with a step 200 pips. Charts don't have any indicators such MACD, RSI and so on. I trade 25 pairs in D1 only. I took 56 trades this month with 43 winners and 13 losers. I made 4 trades in H1-H4 too, my result is: +1 and -3. This small TFs are not for me today, I have no experience and they are too fast for me….
I try to trade what I see, I make always a small analysis after D1 candle is closed:
1.Is candle near Key-level or in traffic or in consolidation?
2. Is candle near MAs, between MAs?
3. Is MA a valid Trend line with confirmation?
3. Does trade direction have enough free room? (Look left & make zoom)
4. Are there any confluences (S/R, MAs, BRN) here?
4. Every Saturday I check a last week candle. Is it a shooting star, hummer, BEOB....? Is current WCC valid else?
It is no great analysis, but it is OK for any beginner, better than nothing...

My beginner's mistakes are:
- too many trades. I must reduce this number (quantity) and select the best trades only.
- I cannot see the lost trades in the right time to reduce my losses.

There are 2 main tasks for me in the next 2-3 month, to make this mistakes smaller.
I hope in 2-3 month I came back to this thread.
Happy Eastern!!

vvm
PA Trading with EMAs & common Sense
  • #3,368
  • Mar 30, 2018 12:10pm Mar 30, 2018 12:10pm
OH,
I counted for much my Trades.
I have analyzed March Statement just,
there are 35 trades altogether
and 13 lost trades.
Sometimes I took 2 TPs (TP1 and TP2),
but it was the same trade.

vvm
PA Trading with EMAs & common Sense
  • #3,369
  • Mar 30, 2018 12:35pm Mar 30, 2018 12:35pm
Greetings everyone...I just wanted to make a quick intro. My name is Jesse and I'm new to Forex. I'm 37 years old and set to retire from the Army next year before I start my next career flying EMS. Trading is something that has always interested me, but life always found a way to interject it's own plan and I never had the time, money, and/or means all at the same time. Until now... Like a lot of people, I've bounced around from thread to thread since I joined the site. Reading, researching, trying to wrap my head around the seemingly countless methodologies. I've read several threads now from beginning to end they all devolved into the same thing. "What are your settings...tell me how to get rich by the end of the year...how can we shortcut this into an EA to get rich while we sleep...etc...etc..."

Disclaimer: As of this time, I've only read the first page. But, I appreciate the brutal honesty of it so far. I want to learn to understand the WHY behind whether you would or would not enter a trade, rather than just blindly following a pretty indicator on a chart. Hopefully, within the next couple years I'll consistently lose less than I profit and I will profit more than I'd make with the account being in a traditional bank. So, that said, I've got some reading to do. Thanks for the time and effort that you have put into making this resource available to those of us just starting down this road.
  • #3,370
  • Mar 30, 2018 2:52pm Mar 30, 2018 2:52pm
Quoting jrwatson1981
Greetings everyone...I just wanted to make a quick intro. My name is Jesse and I'm new to Forex. I'm 37 years old and set to retire from the Army next year before I start my next career flying EMS. Trading is something that has always interested me, but life always found a way to interject it's own plan and I never had the time, money, and/or means all at the same time. Until now... Like a lot of people, I've bounced around from thread to thread since I joined the site. Reading, researching, trying to wrap my head around the seemingly countless...
Welcome! That is a very refreshing introduction and a wonderful change from the lurkers' usual posts:
Attached Image


Curious though to know why you have jumped ship so soon when you were supposedly "doing so well"?

Start on my "old" original thread and enjoy The Path of PASR

Go at your own speed and let us know any questions
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,371
  • Mar 30, 2018 3:00pm Mar 30, 2018 3:00pm
Very Little to No Volume Trading

So this is what it looks like when there is little to no volume being traded while the Big Boys take off for Easter.

All those long wicks and tails are only the idiots trading today (retail traders)

As I have posted previously, run like hell when you SEE this!

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #3,372
  • Mar 30, 2018 3:31pm Mar 30, 2018 3:31pm
Quoting vvm
Hello Mr. Strat and everybody! Im again here after 2 month reading and learning James16 and old Starts threads to get ground knowledge about PA and main candle patterns . I adopted some important ideas from Mr. Stratt: 1. Trade D1 only 2. Trade always with 2 volumes and trade not more than 0.02xLot for a small account 3. Take TP1 by the first R/S or about +50 pips, move SL to BE and take TP2 about +100 pips or let it run and move SL forward in plus direction. I traded in Jan and Feb a Demo account. From 1. March I trade a small live account and...
but I trade PA with Support/Resistance, 2 MAs (SMA5 & EMA30)

So what has this got to do with PASR?

Are you posting in the correct thread?
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,373
  • Mar 30, 2018 5:17pm Mar 30, 2018 5:17pm
Quoting strat
Very Little to No Volume Trading So this is what it looks like when there is little to no volume being traded while the Big Boys take off for Easter. All those long wicks and tails are only the idiots trading today (retail traders) As I have posted previously, run like hell when you SEE this! {image}
I ran like hell...

Looks like a barroom brawl.

Read and drank coffee this morning.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,374
  • Mar 31, 2018 3:45am Mar 31, 2018 3:45am
Hi

Here is my analysis on UJ PASR

Big Boss :
- immediate trend : Down
- Broke Wedge in February

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 44 KB


Boss :
- immediate trend : Down (descending channel)
- made a BUEB at W support

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 44 KB


Action :
- nothing until Weekly close below descending channel support line
  • #3,375
  • Edited 11:55am Mar 31, 2018 4:32am | Edited 11:55am
And now UC PASR

Big Boss :
- immediate trend is UP (only 2 candles) or rather consolidating, last bar is a SS near resistance
- short term trend is UP (Apr 2011)
- Long term trend is Down

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADMonthly.png Size: 54 KB


Boss :
- immediate trend is UP, price retraced at TL last week, and now doji
- short term trend is down, price is 200 pips from the TL resistance
- price in a 300 pips WCC

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 50 KB


Worker :
- Price bounced 3 times (2 Hammers & 1 BUEB) from Monthly support and W Trend Line
- Opportunity to enter a trade on Wednesday (BUEB) => SL : 120 pips, first TP around 150 pips. I don't know if it is worth it ....

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 50 KB


Action :
- waiting for an upside break of the WCC
  • #3,376
  • Mar 31, 2018 6:35am Mar 31, 2018 6:35am
Quoting strat
{quote} Welcome! That is a very refreshing introduction and a wonderful change from the lurkers' usual posts: {image} Curious though to know why you have jumped ship so soon when you were supposedly "doing so well"? Start on my "old" original thread and enjoy The Path of PASR Go at your own speed and let us know any questions
Why did I not continue with a couple of the other strategies?

Mostly because I wasn't learning any of the "why" behind any of it. It was all automated and I have no foundation to base any decisions off of. Like a lot of noobs, it was exciting to watch when something works. But, it was also extremely frustrating to not understand why it sometimes worked and, more importantly, why it sometimes didn't work. It wasn't trading. It was learning settings and hoping market conditions cooperated with those settings.

Maybe not the answer you were hoping for, but an honest one nonetheless... Again, thanks for keeping expectations realistic here. I look forward to learning with you all...

-J
  • #3,377
  • Mar 31, 2018 8:28am Mar 31, 2018 8:28am
For those reading Strat's Path of Learning, not sure why reference to pinbars are made as there is no such animal anywhere in that document.

Regards
Terry
  • #3,378
  • Mar 31, 2018 10:19am Mar 31, 2018 10:19am
Quoting TerryDawe
For those reading Strat's Path of Learning, not sure why reference to pinbars are made as there is no such animal anywhere in that document. Regards Terry
Right, I modified my post (Hammer)
  • #3,379
  • Apr 1, 2018 1:57am Apr 1, 2018 1:57am
Good morning.

I tried for several weeks to read the method. Unfortunately there are terms that I can not translate / understand because I speak very bad English.
Also I would like to know if there is a person who speaks French here, so that I can exchange in PM on the notions that I have difficulty.

I thank you in advance. Happy holidays to all.
  • #3,380
  • Apr 1, 2018 3:42am Apr 1, 2018 3:42am
Quoting fleurdelys
Good morning. I tried for several weeks to read the method. Unfortunately there are terms that I can not translate / understand because I speak very bad English. Also I would like to know if there is a person who speaks French here, so that I can exchange in PM on the notions that I have difficulty. I thank you in advance. Happy holidays to all.
PM me
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