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Strat's PASR Long Term, Stress Free Trading

  • #3,981
  • Apr 17, 2018 11:28am Apr 17, 2018 11:28am
Quoting darko2010
{quote} Thanks Ensale, I am mainly looking at 8-10 pairs with high ATR with no intention to do anything else in the near future, but I want to see how other major instruments react to current geopolitical events right now, hence my question to ensure I look at the right ones. Take care
I know you have it down. more so for the rest what process they can take.. all can benefit.

Thanks for your question.
It's in fear when people show what they truly value.
  • #3,982
  • Apr 17, 2018 11:35am Apr 17, 2018 11:35am
AUDNZD

Quoting Svolacius
One pair that I will add to my watchlist until the end of April: AUD/NZD. BB: Price reached support level and price immediately was rejected there after a strong downtrend. Some interesting PA has happened in that zone before, so I am looking for the history to repeat itself. Trendline just illustrates how clear the path of this pair is. B: Strong push downwards ended up as a doji candle last week. A WCC was established, last weeks candle could not close below or above potential WCC, so it became one. I will monitor this pair's close at the end...
You might want to check Wild Thing's (trogger) posts on AUDNZD
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,983
  • Apr 17, 2018 11:40am Apr 17, 2018 11:40am
WTI/Crude Oil

Quoting darko2010
{quote} Thanks Ensale, I am mainly looking at 8-10 pairs with high ATR with no intention to do anything else in the near future, but I want to see how other major instruments react to current geopolitical events right now, hence my question to ensure I look at the right ones. Take care
See Posts 72, 586 & 1509

Don't come crying on here when WTI/Crude Oil reams your ass out
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,984
  • Apr 17, 2018 11:42am Apr 17, 2018 11:42am
GBP/CAD M5

Busy day at the office today so didn't manage to open my charts until after lunch UK time.
Not a good R:R on this as wanted to see support break and use the SS top as my stop. Was swinging in quite a range.
Initial target of 30 pips hit and second part of the trade to BE, then another 40 so happy with a 70 pip afternoon.

Attached Image (click to enlarge)
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Study enough and it all starts looking like the Matrix...
  • #3,985
  • Apr 17, 2018 11:45am Apr 17, 2018 11:45am
Quoting strat
WTI/Crude Oil {quote} See Posts 72, 586 & 1509 Don't come crying on here when WTI/Crude Oil reams your ass out
Thanks for the warning Strat, but as I said, I have no intention of trading anything new before a long, very long time, if not ever.
But I want to make sure I understand what is happening outside of what I focus on and therefore would like to make sure I look at the right instruments
  • #3,986
  • Apr 17, 2018 11:52am Apr 17, 2018 11:52am
GBPCAD M5 PASR Trend Trading 70 pips

Quoting samsonwebdes
GBP/CAD M5 Busy day at the office today so didn't manage to open my charts until after lunch UK time. Not a good R:R on this as wanted to see support break and use the SS top as my stop. Was swinging in quite a range. Initial target of 30 pips hit and second part of the trade to BE, then another 40 so happy with a 70 pip afternoon. {image}
Similar trade for me, samson

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 50 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,987
  • Apr 17, 2018 11:54am Apr 17, 2018 11:54am
Quoting strat
GBPCAD M5 PASR Trend Trading 70 pips {quote} Similar trade for me, samson {image}
I much prefer your R:R
That's why your teaching the path and I'm walking it!
Study enough and it all starts looking like the Matrix...
  • #3,988
  • Apr 17, 2018 8:54pm Apr 17, 2018 8:54pm
Quoting strat
NZDUSD {quote} PRICE is trapped inside the Weekly Control Candle for 5 weeks. Your other ""traps"" mean nothing.
Dear Master

Thanks for the feedback

Best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #3,989
  • Apr 18, 2018 4:15am Apr 18, 2018 4:15am
Quoting Svolacius
One pair that I will add to my watchlist until the end of April: AUD/NZD. BB: Price reached support level and price immediately was rejected there after a strong downtrend. Some interesting PA has happened in that zone before, so I am looking for the history to repeat itself. Trendline just illustrates how clear the path of this pair is. B: Strong push downwards ended up as a doji candle last week. A WCC was established, last weeks candle could not close below or above potential WCC, so it became one. I will monitor this pair's close at the end...

Hello Svolacius

I like your analysis (especially because it Starts with the BIG BOSS!!).

On 29 March I posted : "Meant to post earlier, pointing out a rising trend line of support on the HIGHER TIME FRAMES - not so sure we will see 1.04xx this time"


I went pretty much fully long last Thursday ("pretty much" means: always keep a little ammo in reserve - bayonets are just SO messy, if the enemy does breach your defensive position!)

I have taken profit on approx one third of my longs already. My PLAN is the usual for this pair: trade it "Hokey Tokey" style (in/out ... in/out... in/out...)for as long as it wants to let me back in. If I can't get back in (around 1.05 to 1.0550) then I have higher targets for the remaining two thirds of total position I currently retain.
  • #3,990
  • Apr 18, 2018 4:30am Apr 18, 2018 4:30am
Quoting trogger
{quote} "pretty much" means: always keep a little ammo in reserve - bayonets are just SO messy, if the enemy does breach your defensive position!
  • #3,991
  • Apr 18, 2018 7:36am Apr 18, 2018 7:36am
Quoting trogger
{quote} Hello Svolacius I like your analysis (especially because it Starts with the BIG BOSS!!). On 29 March I posted : "Meant to post earlier, pointing out a rising trend line of support on the HIGHER TIME FRAMES - not so sure we will see 1.04xx this time" I went pretty much fully long last Thursday ("pretty much" means: always keep a little ammo in reserve - bayonets are just SO messy, if the enemy does breach your defensive position!) I have taken profit on approx one third of my longs already. My PLAN is the usual for this pair: trade it "Hokey...
Hello trogger,

Thanks for your feedback. I've read most of your posts about NZD and AUD pairs in this thread, really insightful and sort of interesting way that you analyse the charts, makes everything look so simple and fun.
  • #3,992
  • Apr 18, 2018 10:01am Apr 18, 2018 10:01am
Hi,

I have a question concerning trade management.

You are in a trade and at the end of the week, price is in a WCC. Do you close your position ?
  • #3,993
  • Apr 18, 2018 10:07am Apr 18, 2018 10:07am
Quoting Bestof27
Hi, I have a question concerning trade management. You are in a trade and at the end of the week, price is in a WCC. Do you close your position ?
That's a bit of an open question. Will depend on your risk, profit, where in the WCC it is etc......
Personally I don't close any trades unless they have hit my stop or my target, or there is a clear indication at support/resistance that price may be reversing.
Plan the trade and trade the plan.
Study enough and it all starts looking like the Matrix...
  • #3,994
  • Apr 18, 2018 8:09pm Apr 18, 2018 8:09pm
Been quiet around here today. Usually I get home from work and have 20 or 30 posts greeting me.

Time to liven things up a bit.

GBPJPY

Big Boss.

Has been climbing with a steady stream of higher highs and higher lows.

Attached Image (click to enlarge)
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The Boss

Also climbing

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYiWeekly.png Size: 98 KB


Now for the Worker

Price is pulling back into the Start Shadow. I would like to see it get deeper inside, at least to the support level marked; around 151.37.
As for the target. 155.90

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYiDaily.png Size: 94 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,995
  • Edited 10:18pm Apr 18, 2018 9:04pm | Edited 10:18pm
AUDUSD
Quoting strat
AUDUSD {quote} On weekly, price jumped up from around the 50% retracement level on the latest big rallye So? That is just another support and resistance level. We need to SEE what PRICE does there BEFORE taking any action On Daily, we are at around the latest swing low and yesterday's hammer was noticeable Not on my charts! I should have looked at H4 with more attention WHAT! You are looking BACKWARDS! Where is PRICE on the Big Boss and Boss? What is that telling you? Here are my charts from earlier posts {image} {image} {image} Also, LOOK at Wild...
Dear Master,

thanks for your guide.

Big Boss
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Monthly - 20180419.png Size: 50 KB

HH-HL and Up Trend Line. So, the Whole Trend is UP although the Strat Shadow is down.

Boss
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Weekly - 20180419.png Size: 35 KB

last week, there is a BUEB near the Support and Trend Line.

Worker
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Daily - 20180419.png Size: 40 KB

PA signal: BUOB and closed above 63EMA.

I think the 3 timeframes is in HAMONY. So, make a PLAN as below:

  1. Pend buy stop @ the high of BUOB
  2. SL @ the below of BUOB. If I am wrong, I will be got out by my SL. If today the candle cann't CLOSE above 0.7800, I should be out this trade "CUT THE LOSS" immediately.
  3. TP @ Swing High
  4. R:R = 2:1
  5. Risk: I saw there was a Shooting Star with long wick. maybe I should wait a candle CLOSED above the Shooting Star to enter.

Any comment is welcome.

thanks

best regards

Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #3,996
  • Apr 18, 2018 10:33pm Apr 18, 2018 10:33pm
Quoting Cj.cn
AUDUSD {quote} Dear Master, thanks for your guide. Big Boss {image} HH-HL and Up Trend Line. So, the Whole Trend is UP although the Strat Shadow is down. Boss {image} last week, there is a BUEB near the Support and Trend Line. Worker {image} PA signal: BUOB and closed above 63EMA. I think the 3 timeframes is in HAMONY. So, make a PLAN as below: Pend buy stop @ the high of BUOB SL @ the below of BUOB. If I am wrong, I will be got out by my SL. If today the candle cann't CLOSE above 0.7800, I should be out this trade "CUT THE LOSS" immediately. TP...

Hi CJ

I have been waiting on this one, it is in a tight range of about 110 pips. The weekly chart looks messy to me and it is in the Middle of a Weekly Control Candle. I highlighted it on the chart. Right now price is working on the forth week in this area. Once we get a weekly candle to close outside this area, then I will start looking at it a little. To me it looks like the Bosses are arguing with each other and the poor worker is lost and doesn't know whether to "shit or go blind"...That wont translate well. The worker has no direction from the boss yet.

Strat...Correct me if I'm wrong...

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


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDiDaily.png Size: 111 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,997
  • Apr 18, 2018 10:45pm Apr 18, 2018 10:45pm
Quoting Rufus
{quote} Hi CJ I have been waiting on this one, it is in a tight range of about 110 pips. The weekly chart looks messy to me and it is in the Middle of a Weekly Control Candle. I highlighted it on the chart. Right now price is working on the forth week in this area. Once we get a weekly candle to close outside this area, then I will start looking at it a little. To me it looks like the Bosses are arguing with each other and the poor worker is lost and doesn't know whether to "shit or go blind"...That wont translate well. The worker has no direction...
I like looking at examples of very tradable trends and get those images in my head. How they start, where they can be entered, and where they should be exited. The AUDUSD has an example of both together.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDiDaily2.png Size: 123 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,998
  • Apr 18, 2018 11:14pm Apr 18, 2018 11:14pm
Quoting Rufus
{quote} Hi CJ I have been waiting on this one, it is in a tight range of about 110 pips. The weekly chart looks messy to me and it is in the Middle of a Weekly Control Candle. I highlighted it on the chart. Right now price is working on the forth week in this area. Once we get a weekly candle to close outside this area, then I will start looking at it a little. To me it looks like the Bosses are arguing with each other and the poor worker is lost and doesn't know whether to "shit or go blind"...That wont translate well. The worker has no direction...
Yes, you are right. I didn't find the WCC. Your comments make me more clear.

maybe I am hurry into the trade. Remember DON'T HURRY INTO A TRADE.

Thanks for your comments

best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #3,999
  • Apr 18, 2018 11:35pm Apr 18, 2018 11:35pm
A gem from the bowls of the thread....

Strat....

"As I have previously stated, we should be careful with huge long bars. My preference is to see what the next day brings. If you have to think of ways to trade something like you are doing then you will be trading a loser. A winning trade stands out."
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,000
  • Apr 19, 2018 12:33am Apr 19, 2018 12:33am
Quoting Rufus
Been quiet around here today. Usually I get home from work and have 20 or 30 posts greeting me. Time to liven things up a bit. GBPJPY Big Boss. Has been climbing with a steady stream of higher highs and higher lows. {image} The Boss Also climbing {image} Now for the Worker Price is pulling back into the Start Shadow. I would like to see it get deeper inside, at least to the support level marked; around 151.37. As for the target. 155.90 {image}
Not going to post the same charts, but I'm keeping an eye on this too.
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