Strat's PASR Long Term, Stress Free Trading
- #3,842
- Apr 12, 2018 10:26am Apr 12, 2018 10:26am
First trade: I recognized the structure of the trend and how the price reacted to the Strat's shadow. A few candles after the entry a large hammer appeared. A few months ago I would have closed the trade, but this time the context was wrong and the anatomy of the trend told me more. Closed before reaching the next support identified by me because the trend was losing momentum. Maybe I'm missing something. R:R 1:1
Second trade: The entry is not perfect. It was a feeling that I then rationalized. The anatomy of the trend, its momentum, the confluence of the Strat's shadow with an important resistance level became support, they were telling me that the price would go higher. R:R 1:3
Total pips: about 60.
Second trade: The entry is not perfect. It was a feeling that I then rationalized. The anatomy of the trend, its momentum, the confluence of the Strat's shadow with an important resistance level became support, they were telling me that the price would go higher. R:R 1:3
Total pips: about 60.
- #3,843
- Apr 12, 2018 10:46am Apr 12, 2018 10:46am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #3,845
- Apr 12, 2018 3:07pm Apr 12, 2018 3:07pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
AUDNZD Worker
Not good for M5 but doing good on long term
546 pips so far out of potential 895 in this swing down
Not good for M5 but doing good on long term
546 pips so far out of potential 895 in this swing down
15 YEARS OF PASR ON FOREX FACTORY!
- #3,850
- Apr 12, 2018 5:49pm Apr 12, 2018 5:49pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #3,851
- Apr 12, 2018 5:49pm Apr 12, 2018 5:49pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #3,852
- Apr 12, 2018 5:49pm Apr 12, 2018 5:49pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #3,853
- Edited 11:43pm Apr 12, 2018 9:48pm | Edited 11:43pm
{quote} Late, but this is what I think: -Big candle from the top of the trend to the Boss MA: Maybe a stop hunt or closing long position, but its the same size that the candle who start the trend up and bigger than the others, so possible trend end. -The next candle confirm that the Boss MA it's a support. - First trade: candle fight with the support again, but have a lower low and lower high than previews and let the close below the open of the previews. - Second trade: fight with the support again and broke it, making a resistance. - Next two...
Do you agree that when we take 1st trade we can only see the Pre Boss candle, right?
If you agree with that, ok let's go on.
I am puzzled with your post. I am so stupid and cannot listen what Boss say as you listened. so please explain again why Boss say go down when take the 3rd entry.
First trade: candle fight with the support again, but have a lower low and lower high than previews and let the close below the open of the previews.
Second trade: fight with the support again and broke it
fight with the support, so this is called "Sell into Support".
I didn't see the 2nd trade broke support, Can you explain which support?
Next two candle fight again with the Boss
I think you say "next two candle" is the two UP candle, Is it?
"fight again with the Boss" is really? Do you mean they are against with the candle 1 which is so large UP candle on my week chart (see attachment)? Can you explain this?
(It is my mistake. the two candle is fight again with the Boss candle 2 which is down. but the two candle is UP from the buttom of WCC and fowllowed with the WCC.)
Third trade: Boss win and say go down. Candle have big high low than prev.
Boss win? win what? The prev Boss candle (candle 2) just confirm a WCC.
"say go down"? I listened say a WCC which means sideway.
Four trade: The Boss say clear the direction making a big engulfing.
"The Boss say clear the direction" with a small candle 3 on my Boss chart? damm, I am so stupid and cannot listen that untill now.
"making a big engulfing" When you see this trade at the begin of week candle 4, how do you know it "will" make a big engulfing? I think you mean the Worker candle is a big engulfing but not the Boss.
Master said "You have the right idea". so I realized how stupid I am not to understand what you listened.
except the explain from you or anyother
.thanks
Best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
- #3,854
- Apr 12, 2018 10:16pm Apr 12, 2018 10:16pm
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,526 Posts
GBPJPY CHALLENGE Can someone pull the BB, B and W charts and explain where the price will go next? Participants will get all the chocolate easter bunnies I haven't eaten
Well Darko
I don't know where it WILL go, but I want a chocolate bunny.
The Big boss while still in the red Strat Shadow has been showing some higher highs and higher lows. So climbing.
Last week the Boss broke out of its weekly control candle and this week has been climbing. So climbing.
Now for the worker doing its best to obey the Big Boss and the Boss. This bugger has been moving along at a good clip. Right now price is sitting at resistance. So the next few days will be telling. If price can break the resistance and retrace back into the shadow I will be looking for a long. Or if it retraces back far enough to get good R:R without breaking still look for an entry. Probably take half off at first resistance. Also keep stop tucked away behind support.
As for a final target... the problem I see more than anything is that the Yen is a "Safe haven" currency. So anytime some leader opens their pie hole and spews, the yen gets a strength spike. 156.00 with no pie hole openings..... That will translate well.
Good enough for a bunny?
Illegitimi non carborundum - Noli pati a scelestis opprimi.
POWER OF TIME FRAME
Hi, Rub
Your post give me an opportunity. I will hunt this pair next week. thanks. see my comment below:
Boss:
1- On the Boss chart, I read a down TREND LINE.
2- Today is the last day of this week. IF it can be closed below the Support zone, that will be nice to confirm the broken.
Worker:
I would not take the entry where you mark arrow. Because they are "Sell into Support" for me.
I will pend order below the low of last arrow you mark or when the PRICE retrace to re-test the Resistance/Trend Line and give me the PA sell signal.
thanks
Best regards
Alright, I want to try to get this down while I'm thinking of it, listening to a little derek and the dominos. Think something maybe hammered it's way through my scone. Short version is, Big boss = big picture of where stuff is, boss gives directoin to trade with price action on boss, then worker is timing. Yes strat that's what you've been saying for years. Think I'm getting a glimmer of understanding. Maybe... EUR/GBP Big boss: Essentially ranging for the last six months, after a huge bearish outside bar. Tried to push higher, but been smacked...
Your post give me an opportunity. I will hunt this pair next week. thanks. see my comment below:
Boss:
1- On the Boss chart, I read a down TREND LINE.
2- Today is the last day of this week. IF it can be closed below the Support zone, that will be nice to confirm the broken.
Worker:
I would not take the entry where you mark arrow. Because they are "Sell into Support" for me.
I will pend order below the low of last arrow you mark or when the PRICE retrace to re-test the Resistance/Trend Line and give me the PA sell signal.
thanks
Best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
- #3,860
- Edited 7:43am Apr 13, 2018 6:38am | Edited 7:43am
EUR AUD
Hello,
here is my analysis for EUR AUD. Comments or feedback is appreciated.
BB:
price is in an uptrend since beginning of 2017 (so coming from 1,36) BUT price tried a few times to break that resistance area (see grey rectangle). As price was not able to break that area yet I would be careful to jump on the long side.
B:
same picture here from my point of view, so uptrend , too. There is also a “BUT” as price could close below the WCC this week, what would be a sign to me to wait and watch what price is doing next. Closing at these levels would also confirm the swing high (3 weeks ago) and then we have to see how far the next swing DOWN goes.
W:
upmove of price (27.3.) was taken away directly in the next day (BEEB) what was a bearish signal to me. Then I saw an area where buyers and sellers were “fighting” about the next direction (see grey eclipse).
Seeing the last days it seems that sellers are in control at the moment. So the worker shows a bearish picture to me.
W:
B:
BB:
Hello,
here is my analysis for EUR AUD. Comments or feedback is appreciated.
BB:
price is in an uptrend since beginning of 2017 (so coming from 1,36) BUT price tried a few times to break that resistance area (see grey rectangle). As price was not able to break that area yet I would be careful to jump on the long side.
B:
same picture here from my point of view, so uptrend , too. There is also a “BUT” as price could close below the WCC this week, what would be a sign to me to wait and watch what price is doing next. Closing at these levels would also confirm the swing high (3 weeks ago) and then we have to see how far the next swing DOWN goes.
W:
upmove of price (27.3.) was taken away directly in the next day (BEEB) what was a bearish signal to me. Then I saw an area where buyers and sellers were “fighting” about the next direction (see grey eclipse).
Seeing the last days it seems that sellers are in control at the moment. So the worker shows a bearish picture to me.
W:
B:
BB: