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Strat's PASR Long Term, Stress Free Trading

  • #3,901
  • Apr 15, 2018 8:45am Apr 15, 2018 8:45am
Quoting Cj.cn
{quote} Dear pippoacher, I would not take the entry which you marked. My reason is: 1- The long low wick of some prev candle 2- the entry candle you marked was not enough clear for me to break the Support. I didn't know whether I should post this in case the master was disgusted with me. but when I see the entry, I see myself and told me I would never take the trade like this. thanks best regards {image}
thank you for your feedback
  • #3,902
  • Edited 11:33am Apr 15, 2018 11:03am | Edited 11:33am
Evening traders. Wanted to share end-of-the-week insights before new week stats to see if my trades and perception is correct in your eyes.
I've come to the stage where I am no longer losing money trading but not making much profits either. Sort of break-even phase, which I hope is part of the learning curve.

Also, what happened with Friday's candles? Many pairs have long wicks that look like stop-runs or profit taking. (GBP/JPY, GBP/USD, AUD/JPY, AUD/USD, CAD/JPY and so on.)

CAD/JPY:
This is the only pair that I'm having doubts about.

BB: Last month formed a hammer-looking candle at a BB level of support (81.50 - 81.70). That would indicate me that strong momentum down from February is not present anymore and I could investigate this pair further.
B: Three weeks of strong uptrend show me that big boys are at work with this pair, and that is why I took a trade of this pair. The price is near SS bottom right now which is also near Boss resistance level.
W: I entered long on Tuesday, when large bullish outside bar closed above SS and Boss resistance level. My stoploss is below Boss support of 85.50. It is definitely not the best setup, but the higher timeframes look convincing enough to signal long trade.
Attached Image(s) (click to enlarge)
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  • #3,903
  • Apr 15, 2018 11:50am Apr 15, 2018 11:50am
Quoting Svolacius
Evening traders. Wanted to share end-of-the-week insights before new week stats to see if my trades and perception is correct in your eyes. I've come to the stage where I am no longer losing money trading but not making much profits either. Sort of break-even phase, which I hope is part of the learning curve. Also, what happened with Friday's candles? Many pairs have long wicks that look like stop-runs or profit taking. (GBP/JPY, GBP/USD, AUD/JPY, AUD/USD, CAD/JPY and so on.) CAD/JPY: This is the only pair that I'm having doubts about. BB: Last...
I like the looks of this pair as well. Yen has been influenced significantly by world events. I will be watching how it does Monday. Maybe look for a lower risk entry on the 4h and join you.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYiH4.png Size: 95 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,904
  • Apr 15, 2018 12:47pm Apr 15, 2018 12:47pm
Hello all,

I haven't posted anything in a while, mainly because my two attempts failed miserably and as such i have been reading this thread along with the previous ( which i was doing anyway - but decided to finish prior to trying again)

Now I'm not sure i 'get' it however please let me try an analysis

GBPCAD -

Monthly - based on the fact that we haven't had a monthly lower close the monthly trend is up, however slowly retracing

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-04-15 at 18.41.14.png Size: 153 KB


Weekly - we have had lower closes on the week, and within a WCC

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-04-15 at 18.41.28.png Size: 153 KB


Daily - Looking for a close above for an entry

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-04-15 at 18.41.38.png Size: 156 KB


Thats my understanding, open to comments, i am also considering recent affairs and as such will be cautious

Thanks

Phil
  • #3,905
  • Apr 15, 2018 1:12pm Apr 15, 2018 1:12pm
Quoting Philios13
Hello all, I haven't posted anything in a while, mainly because my two attempts failed miserably and as such i have been reading this thread along with the previous ( which i was doing anyway - but decided to finish prior to trying again) Now I'm not sure i 'get' it however please let me try an analysis GBPCAD - Monthly - based on the fact that we haven't had a monthly lower close the monthly trend is up, however slowly retracing {image} Weekly - we have had lower closes on the week, and within a WCC {image} Daily - Looking for a close above for...
What will be your risk? Where is potential Reward?
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,906
  • Apr 15, 2018 4:09pm Apr 15, 2018 4:09pm
GBPUSD HTF

Notes in charts.

Big Boss

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiMonthly.png Size: 89 KB


Boss
Attached Image (click to enlarge)
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Worker
Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,907
  • Apr 15, 2018 7:09pm Apr 15, 2018 7:09pm
Quoting Svolacius
Evening traders. Wanted to share end-of-the-week insights before new week stats to see if my trades and perception is correct in your eyes. I've come to the stage where I am no longer losing money trading but not making much profits either. Sort of break-even phase, which I hope is part of the learning curve. Also, what happened with Friday's candles? Many pairs have long wicks that look like stop-runs or profit taking. (GBP/JPY, GBP/USD, AUD/JPY, AUD/USD, CAD/JPY and so on.) CAD/JPY: This is the only pair that I'm having doubts about. BB: Last...
Just my view.

CADJPY BB, while it is 'hammer-like' candle, it is still not a hammer. Even though the close showing the bounce back of support, I think the momentum of this chart is still read as going downward.

B, going up and stop into 20ema. I think BB and B in different direction is enough for me to leave this pair out of my daily watch list.

W, I did not see any BUOB anywhere for past 5 candle in your chart, nor mine.

This chart did not tell enough of story to buy or sell I think.
  • #3,908
  • Apr 15, 2018 7:23pm Apr 15, 2018 7:23pm
Quoting Rufus
GBPUSD HTF Notes in charts. Big Boss {image} Boss {image} Worker {image}
Do we wait until 1.4265 resistance broken with bullish PASR pattern before going in?
  • #3,909
  • Apr 15, 2018 7:55pm Apr 15, 2018 7:55pm
Quoting Svolacius
Evening traders. Wanted to share end-of-the-week insights before new week stats to see if my trades and perception is correct in your eyes. I've come to the stage where I am no longer losing money trading but not making much profits either. Sort of break-even phase, which I hope is part of the learning curve. Also, what happened with Friday's candles? Many pairs have long wicks that look like stop-runs or profit taking. (GBP/JPY, GBP/USD, AUD/JPY, AUD/USD, CAD/JPY and so on.) CAD/JPY: This is the only pair that I'm having doubts about. BB: Last...
Dear Svolacius,
My comment is：
Boss
Attached Image (click to enlarge)
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  1. The WHOLE TREND is down. My reason is the 20EMA and 63EMA is crossed down.
  2. The IMMEDIATE TREND is up.
  3. 20EMA and 63EMA as Dynamic Resistance.
    what mean "SS"?

Worker

Attached Image

  1. Buy: NO. That is called "Buy into Resistance". and the WHOLE TREND is down.
  2. Sell: NO. The Boss didn't tell me yet it would continue the down Trend.

So, my plan about this pair is STAY OUT!

thanks

Best regards

Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #3,910
  • Apr 15, 2018 8:14pm Apr 15, 2018 8:14pm
BASIC PASR TRADE -- THE PATH FROM RESISTANCE TO SUPPORT
Quoting Rufus
GBPUSD HTF Notes in charts. Big Boss {image} Boss {image} Worker {image}
Dear Rufus,
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiDaily Post 3906.png Size: 66 KB

As the last candle closed and maked a Shooting Star which is a PA reversal bar, what do you think about the BASIC PASR TRADE from Resistance to Support?

thanks

Best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #3,911
  • Apr 15, 2018 8:28pm Apr 15, 2018 8:28pm
Quoting Svolacius
Evening traders. Wanted to share end-of-the-week insights before new week stats to see if my trades and perception is correct in your eyes. I've come to the stage where I am no longer losing money trading but not making much profits either. Sort of break-even phase, which I hope is part of the learning curve. Also, what happened with Friday's candles? Many pairs have long wicks that look like stop-runs or profit taking. (GBP/JPY, GBP/USD, AUD/JPY, AUD/USD, CAD/JPY and so on.) CAD/JPY: This is the only pair that I'm having doubts about. BB: Last...
Just for help, I think there is a lot down break out to be on long
Attached Image (click to enlarge)
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Attached Image

However, I am not to good with trend line yet, but it's like changing up.
  • #3,912
  • Apr 15, 2018 8:53pm Apr 15, 2018 8:53pm
Quoting Rufus
GBPUSD HTF Notes in charts. Big Boss {image} Boss {image} Worker {image}
Watch out with stop hunt.
  • #3,913
  • Apr 15, 2018 10:26pm Apr 15, 2018 10:26pm
Quoting Cj.cn
BASIC PASR TRADE -- THE PATH FROM RESISTANCE TO SUPPORT {quote} Dear Rufus, {image} As the last candle closed and maked a Shooting Star which is a PA reversal bar, what do you think about the BASIC PASR TRADE from Resistance to Support? thanks Best regards
I don't trade tops and bottoms. For me these days it is all about trend. If a trend did develop downward on a lower timeframe I will consider it. Right now price is at a decision point. Going to break resistance and go up or drop... maybe even sideways. Just going to be watching it for now.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,914
  • Edited 11:41pm Apr 15, 2018 10:31pm | Edited 11:41pm
Quoting LuisRicardo
{quote} Watch out with stop hunt.
I should clarify.

I want a daily candle to close above that level. Then have price retrace into the shadow to a support level. Then get a candle to initiate a trade. Entry may not be for days.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,915
  • Apr 15, 2018 11:22pm Apr 15, 2018 11:22pm
Quoting huatzhi
{quote} Do we wait until 1.4265 resistance broken with bullish PASR pattern before going in?
See post 3914
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,916
  • Apr 16, 2018 4:53am Apr 16, 2018 4:53am
Good morning,

I hope you are well

I have a lot of trouble configuring my MT4 platform to get have the same visual here.
It's okay for 20ema and 63ema moving averages.

But for the configuration of the strat shadow:
I download Ribbon filled 2 * 14
then indicated the attached values
20, 1, 0 (1=exponentiel?)
63, 1, 0
https://www.forexfactory.com/showthr...35#post7839835

Here my resultat :
Attached Image (click to enlarge)
Click to Enlarge Name: Mt4.jpg Size: 113 KB


Why do I have lines inside the strat shadow?

I also tried to put the strat template
https://www.forexfactory.com/attachm...mentid=1458425
I have the same concern.

This comes from my platform?
Thank you
  • #3,917
  • Apr 16, 2018 5:09am Apr 16, 2018 5:09am
Quoting fleurdelys
Good morning, I hope you are well I have a lot of trouble configuring my MT4 platform ..u
Try this ...you should increase the width in MA ribbons setting as shown in my screen shot

regards

Suranga
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 11 KB
Attached Image
Focus, Patience, Discipline, Determination and Perseverance
  • #3,918
  • Apr 16, 2018 5:11am Apr 16, 2018 5:11am
Quoting huatzhi
{quote} Just my view. CADJPY BB, while it is 'hammer-like' candle, it is still not a hammer. Even though the close showing the bounce back of support, I think the momentum of this chart is still read as going downward. B, going up and stop into 20ema. I think BB and B in different direction is enough for me to leave this pair out of my daily watch list. W, I did not see any BUOB anywhere for past 5 candle in your chart, nor mine. This chart did not tell enough of story to buy or sell I think.
Thank you for the insights, it was a really pleasant surprise to see so much feedback from you guys.

BB chart's slowdown is pretty major to me, which suggests that the big boys are easing off the selling pressure on this pair, as well as other CAD pairs.
Boss has stopped at the EMA, that's correct, but we do not base our trades on moving averages but on price action itself and last three weeks were UP UP UP! However, the retracement into Strat Shadow was why I was doubting if it's worth putting a trade but seeing other CAD pairs getting bought I went for a long to ride the momentum wave. We will see if my predictions were right or wrong later on. Thanks for the feedback again, you saw the things I saw with this trade as well, so I hope good for us!
  • #3,919
  • Apr 16, 2018 5:12am Apr 16, 2018 5:12am
So I had a cancelled meeting this morning which freed up a few hours I wasn't expecting, so I naturally thought of Yomi.
No, not in that way.

I thought I'll take a look at all his posts again and study those 5 minute charts. I spent an hour looking at them and at 9AM I thought lets have another go.
Although I'm happy on the daily and making good progress I want to try and nail 5 minute PASR again. I see people like Darko making great headway and I must be missing something.

So I sat on my hands watching 12 pairs after the London market had opened looking for the tooth blade structure.
One pair seemed to stand out to me so I took a tiny position in it to see what happens.
Then I took another and low and behold I'm 60 pips richer! 20 on my first entry and 40 on my second.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 85 KB


FYI
The dotted line is London open and the Green line is 9AM (1 hour after open). I didn't want to jump in until the big boys had actioned all their pending orders and decided which way they were going to go, if any.

Life at the hard right edge may yet be in sight.
Yomi, Darko, how did I do on my entry?
Study enough and it all starts looking like the Matrix...
  • #3,920
  • Apr 16, 2018 5:19am Apr 16, 2018 5:19am
Quoting Cj.cn
{quote} Dear Svolacius, My comment is： Boss {image} The WHOLE TREND is down. My reason is the 20EMA and 63EMA is crossed down. The IMMEDIATE TREND is up. 20EMA and 63EMA as Dynamic Resistance. what mean "SS"? Worker {image} Buy: NO. That is called "Buy into Resistance". and the WHOLE TREND is down. Sell: NO. The Boss didn't tell me yet it would continue the down Trend. So, my plan about this pair is STAY OUT! thanks Best regards
Greetings, Cj.cn.

Just because price is below the EMA's does not mean that we are in downtrend, Strat said it many times that we do not trade moving averages. They lag and if you considered that the uptrend is only present when the price is above the moving averages, you could jump in at the very end of the trend. Price reacted at the Big Boss levels and the immediate price action clearly shows in which direction the Big Boys are looking at. That is how I spot where the price might turn.

If you do not know what SS is, you should re-read Strat's threads. Also, as far as I know, we use different EMA than 63.
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