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Strat's PASR Long Term, Stress Free Trading

  • #4,201
  • Apr 26, 2018 1:42pm Apr 26, 2018 1:42pm
Quoting Rub
Quickly posting before I leave for work, still an hour until it closes. Not a trade recommendation! Basic PSAR? Top of WCC back down? Or horrible, terribly bad idea that'll run over your dog and drink all your beer. Honestly, if it closes as a engulfing bar I'll be very tempted... {image}
No need to ask us Rub. If I see it I trade it and learn about it after it is over.....
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #4,202
  • Apr 26, 2018 2:04pm Apr 26, 2018 2:04pm
EURNZD SELL

Quoting Rub
Quickly posting before I leave for work, still an hour until it closes. Not a trade recommendation! Basic PSAR? Top of WCC back down? Or horrible, terribly bad idea that'll run over your dog and drink all your beer. Honestly, if it closes as a engulfing bar I'll be very tempted... {image}
Just do it, Rub!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,203
  • Apr 26, 2018 2:56pm Apr 26, 2018 2:56pm
Quoting Rub
Quickly posting before I leave for work, still an hour until it closes. Not a trade recommendation! Basic PSAR? Top of WCC back down? Or horrible, terribly bad idea that'll run over your dog and drink all your beer. Honestly, if it closes as a engulfing bar I'll be very tempted... {image}
Just finishing up my analysis and I've got an order in below todays low on that. I like the SS yesterday after 9 bullish days and followed by a BEOB today. Doesn't get much more price actioney than that.
19 NINETEEN weeks inside the WCC and the first time price has actually managed to get to the top of it!
Sign of a little strength possibly?
Price will tell us tomorrow.

EUR/AUD also has a similar pattern although the WCC candle is much smaller and the R:R is very poor. Might be worth a 4Hr entry tomorrow if price shows signs of weakness but not good enough R:R for me on the daily.
Attached Image (click to enlarge)
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Study enough and it all starts looking like the Matrix...
  • #4,204
  • Apr 27, 2018 1:11am Apr 27, 2018 1:11am
When you don't know what to choose between GU and GJ, look at UJ.
What does that tell you?
  • #4,205
  • Apr 27, 2018 1:21am Apr 27, 2018 1:21am
Quoting darko2010
When you don't know what to choose between GU and GJ, look at UJ. What does that tell you?
it did show me to buy some dalars and forget GJ
  • #4,206
  • Apr 27, 2018 1:27am Apr 27, 2018 1:27am
Quoting strat
EURNZD SELL {quote} Just do it, Rub!
strat the nike ad!

Well, I was posting more to spur a bit more discussion about daily charts and maybe spur trogger to comment. The why I wasn't take the trade is on the chart below.
Although price is at the top of a WCC, the range it was in was a great deal smaller. I see this more as a breakout of the range it was in, and although I could short it I don't see a positive risk:reward. I will instead be monitoring it for a chance to go long, as last week was a solid up candle, and prior to getting trapped in this range, big boss was trending up too.

We will see where this week closes...
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  • #4,207
  • Apr 27, 2018 1:41am Apr 27, 2018 1:41am
Quoting darko2010
When you don't know what to choose between GU and GJ, look at UJ. What does that tell you?
well I didnt see this in time, and happy to see that the news actually pushed for more profit
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  • #4,208
  • Apr 27, 2018 1:57am Apr 27, 2018 1:57am
Quoting Rub
{quote} strat the nike ad! Well, I was posting more to spur a bit more discussion about daily charts and maybe spur trogger to comment. The why I wasn't take the trade is on the chart below. Although price is at the top of a WCC, the range it was in was a great deal smaller. I see this more as a breakout of the range it was in, and although I could short it I don't see a positive risk:reward. I will instead be monitoring it for a chance to go long, as last week was a solid up candle, and prior to getting trapped in this range, big boss was trending...
Hi Rub,
just one comment from my side regarding the break of the WCC.
Regarding long term stress free trading we have to wait until the boss closes above/below the WCC. Closing (above/below) the WCC of the worker means nothing, as it could be trap. Your chart could be an example for that. Hope that helps a bit.
  • #4,209
  • Apr 27, 2018 2:06am Apr 27, 2018 2:06am
Quoting Rub
{quote} strat the nike ad! Well, I was posting more to spur a bit more discussion about daily charts and maybe spur trogger to comment. The why I wasn't take the trade is on the chart below. Although price is at the top of a WCC, the range it was in was a great deal smaller. I see this more as a breakout of the range it was in, and although I could short it I don't see a positive risk:reward. I will instead be monitoring it for a chance to go long, as last week was a solid up candle, and prior to getting trapped in this range, big boss was trending...
I Don't open my daily platform in the day but have my hourly open so can see the big boys are undecided as to what to do at the moment.
Think we're on the way down but you have a very valid point and analysis of that break above the smaller weekly range.
Interesting pair this as it's had such a long time in consolidation.

I can't remember where I put my short entry but it was below yesterdays close so looking like it's on it's way to my entry. Today will tell if we stay in that WCC and if we get back under that previous resistance I'm holding for the long road down to the WCC bottom.

Discussion back on the worker officially started Rub.
Study enough and it all starts looking like the Matrix...
  • #4,210
  • Edited 2:56am Apr 27, 2018 2:39am | Edited 2:56am
GBPUSD M5 PASR Trend Trading:


Doing my thing LIVE at the MOVING HARD RIGHT EDGE, before the release of the Red News on GBP, but with a tight SL..............

Done for today.




Happy Trading,
Yomi.
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Time always comes before price
  • #4,211
  • Apr 27, 2018 2:53am Apr 27, 2018 2:53am
Quoting fxrabbi
GBPUSD M5 PASR Trend Trading: Doing my thing LIVE at the MOVING HARD RIGHT EDGE, before the release of the Red News with tight SL.............. Done for today. Happy Trading, Yomi. {image}
News can be a wonderful thing when you're already in profit and it works in your favor.
Nice trade Yomi. That's a serious payday for a few hours work
Study enough and it all starts looking like the Matrix...
  • #4,212
  • Apr 27, 2018 2:57am Apr 27, 2018 2:57am
Quoting Rub
{quote} strat the nike ad! Well, I was posting more to spur a bit more discussion about daily charts and maybe spur trogger to comment. The why I wasn't take the trade is on the chart below. Although price is at the top of a WCC, the range it was in was a great deal smaller. I see this more as a breakout of the range it was in, and although I could short it I don't see a positive risk:reward. I will instead be monitoring it for a chance to go long, as last week was a solid up candle, and prior to getting trapped in this range, big boss was trending...
I think that the price did not act like strong break out, it just cross without too much resistance.
  • #4,213
  • Apr 27, 2018 4:42am Apr 27, 2018 4:42am
Quoting Rub
{quote} strat the nike ad! Well, I was posting more to spur a bit more discussion about daily charts and maybe spur trogger to comment. The why I wasn't take the trade is on the chart below. Although price is at the top of a WCC, the range it was in was a great deal smaller. I see this more as a breakout of the range it was in, and although I could short it I don't see a positive risk:reward. I will instead be monitoring it for a chance to go long, as last week was a solid up candle, and prior to getting trapped in this range, big boss was trending...
Just having doubts about the WCC.
Bar A was WCC
Bar B never closed below A Low, so it isn't WCC
For me Bar C is WCC, but I m not sure because it didn't close below the low of the previous candle
I m a bit lost with WCC ...

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  • #4,214
  • Apr 27, 2018 5:05am Apr 27, 2018 5:05am
Quoting Bestof27
{quote} Just having doubts about the WCC. Bar A was WCC Bar B never closed below A Low, so it isn't WCC For me Bar C is WCC, but I m not sure because it didn't close below the low of the previous candle I m a bit lost with WCC ... {image}
Hi Bestof.

WCC can be tricky and I still struggle sometimes. I've looked at a weekly before with a WCC on it and then suddenly thought "thats not right" after it being there for weeks in place and me not noticing.

Here is my chart which is US closes and what I have as the WCC.

Your candle C closed outside candle A but not candle B. Now this was 4.5 months ago and just about when I started on the path even so I may have it wrong. From then on nothing closed outside candle B so that's where I put the WCC.
Anyone confirm?
Attached Image (click to enlarge)
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Study enough and it all starts looking like the Matrix...
  • #4,215
  • Apr 27, 2018 5:12am Apr 27, 2018 5:12am
Quoting Bestof27
{quote} Just having doubts about the WCC. Bar A was WCC Bar B never closed below A Low, so it isn't WCC For me Bar C is WCC, but I m not sure because it didn't close below the low of the previous candle I m a bit lost with WCC ... {image}
Hi Bestof,

my understanding regarding WCC is the following:
Close of the new (potential) weekly candle has to be above/below the high/low of the actual WCC.
AND (so the 2nd condition) the following candle has to close within the high/low of the (potential) new WCC to confirm (qualify!) it.
Then the (potential) WCC becomes the new WCC.
  • #4,216
  • Apr 27, 2018 5:39am Apr 27, 2018 5:39am
Quoting Malu
{quote} Hi Bestof, my understanding regarding WCC is the following: Close of the new (potential) weekly candle has to be above/below the high/low of the actual WCC. AND (so the 2nd condition) the following candle has to close within the high/low of the (potential) new WCC to confirm (qualify!) it. Then the (potential) WCC becomes the new WCC.
When you put it like that my WCC is actually wrong.
Back to re-read all the WCC posts on the thread at some point in the next few days. I seem to remember someone sparking a conversation about WCC that lasted many pages previously so don't need to re-do that now. Re-read the thread. Just got to find them all.
Where did I leave them????
https://www.forexfactory.com/showthr...9#post10418239
Study enough and it all starts looking like the Matrix...
  • #4,217
  • Apr 27, 2018 5:46am Apr 27, 2018 5:46am
Quoting darko2010
When you don't know what to choose between GU and GJ, look at UJ. What does that tell you?

Gives you an idea on which is the stronger currency between the JPY and the USD. For instance if UJ is climbing JPY is weak and this weakness tends to carry over to other currency pairs. So you would but GJ.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,218
  • Apr 27, 2018 5:48am Apr 27, 2018 5:48am
Before I crawl into bed, my understanding of the a WCC is that a weekly candle must close outside of it before you can start thinking about a new WCC, so the EUR/NZD one I marked is the WCC, at least untill there is a close outside it. That said, shouldn't be long until strat sorts us out.
  • #4,219
  • Apr 27, 2018 5:59am Apr 27, 2018 5:59am
Quoting Rub
Before I crawl into bed, my understanding of the a WCC is that a weekly candle must close outside of it before you can start thinking about a new WCC, so the EUR/NZD one I marked is the WCC, at least untill there is a close outside it. That said, shouldn't be long until strat sorts us out.

Post 251 ..... will sort
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,220
  • Apr 27, 2018 6:05am Apr 27, 2018 6:05am
Nothing for me today on the 5m charts here in PST, you guys on the London session had all the fun. Pouring myself another cup of coffee.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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