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Strat's PASR Long Term, Stress Free Trading

  • #4,321
  • Apr 30, 2018 1:58pm Apr 30, 2018 1:58pm
Quoting strat
EURUSD PRICE wobbling in Boss Swing Down {image}
It seems that you attached a EUR/NZD chart to EUR/USD post.
  • #4,322
  • Apr 30, 2018 2:50pm Apr 30, 2018 2:50pm
EURUSD

Quoting Svolacius
{quote} It seems that you attached a EUR/NZD chart to EUR/USD post.
Thanks, trying to do too many things too fast while the Big Boss has gone shopping
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,323
  • Apr 30, 2018 3:16pm Apr 30, 2018 3:16pm
Quoting strat
EURUSD M5 PASR Trend Trading 51 pips {quote} Excellent as always, Yomi, but this is the mess you left me with when I got to my charts in PST {image}
Ah lol indeed. I managed a piece of the move but my 'chicken little' little people kept stopping me from entering. I got in late and managed to bank some pips before it bottomed out. Pretty sure someone on here was gna kill it.
  • #4,324
  • Apr 30, 2018 10:43pm Apr 30, 2018 10:43pm
Master of Hindsight..(me)...

Saw toothed blade structure....

Anybody catch these yesterday?
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 17 KB
Focus, Patience, Discipline, Determination and Perseverance
  • #4,325
  • May 1, 2018 3:53am May 1, 2018 3:53am
EUR/USD M5

OK Dudes. Guess what I did this morning? I put in a trade on my 'other' device which I don't usually trade with. I'd never set it up properly for trading....

Was watching EUR/USD consolidate and thinking 'support forming' when it broke out of the range. I was attracted by the close below a BEOB (ringed) so I hit the one-touch trading button for a sell (top line is the entry). SL above the congestion period which was in the Strat Shadow. Part of me thought to wait for another retrace into the shadow, but thought I'd jump in in case it took off and hence emergency entry.

Little did I know that, since I hadn't configured my 'other' device I had it set on default mini-lot instead of my micro-lot. Once I realised this the trade had took off and was already in profit, so I let it run but I got spooked at the first sign of reversal (lower horizontal line). Decided I'd cash it in and see about re-entering with a micro-lot.

Hence I exited for a profit >10% of my account size!!!

Best trading f**k-up ever!!

Kids, a message from your uncle Humbucker: Make sure you understand your trading platform before you trade.
Attached Image (click to enlarge)
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  • #4,326
  • May 1, 2018 5:03am May 1, 2018 5:03am
AUDUSD H4

Quoting strat
AUDUSD H4 {quote} Good job Bof27 Only 1:1 R:R but a good step on The Path

Second position closed near weekly support : + 70 pips overall
  • #4,327
  • Edited 6:15am May 1, 2018 5:58am | Edited 6:15am
Hello everyone,

I introduce myself, I am Landax a French student of 20 years, and I use most of my free time to study forex for 1 year.
I read the two sons since October and I am determined to learn more and more every day, every week.
I intend to focus mainly on Daily because I do not have much time to trade during the day. And when I will be profitable in the long run (I hope one day aha) I would like to be full time and even trader M5.

Here for my presentation
  • #4,328
  • Edited 6:16am May 1, 2018 5:58am | Edited 6:16am
First Analysis:

BB: Bullish over the last 4 months, but has to form a Doji the month of April so price is to balance? In any case the price takes a break no precise direction.

Attached Image (click to enlarge)
Click to Enlarge Name: BB.png Size: 84 KB


B: Price stuck in a WCC for 4 weeks, the top of the WCC has been tested twice in the last two weeks.

Attached Image (click to enlarge)
Click to Enlarge Name: B.png Size: 103 KB


W: Price is just below the WCC resistance and at the end of the triangle trendline.

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


My plan: Wait until the boss closes over the WCC and take a good entry point on Daily with a good R:R.

Any opinions ?
  • #4,329
  • May 1, 2018 6:15am May 1, 2018 6:15am
Eurjpy

BB: The last two candles tested the resistance 132.287 and the new candle the test currently otherwise the trend is bullish.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY BB.png Size: 58 KB


B: Undecided price and stuck in the WCC for 4 weeks.

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


W: Not much to say apart range

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


My plan: As for EUR/AUD, wait until the boss candle closes above the WCC and take an entry on Daily to have as target the resistance 134,112 and my SL below the top WCC.

Any opinions?
  • #4,330
  • May 1, 2018 6:17am May 1, 2018 6:17am
Quoting landax
First Analysis: BB: Bullish over the last 4 months, but has to form a Doji the month of April so price is to balance? In any case the price takes a break no precise direction. {image} B: Price stuck in a WCC for 4 weeks, the top of the WCC has been tested twice in the last two weeks. {image} W: Price is just below the WCC resistance and at the end of the triangle trendline. {image} My plan: Wait until the boss closes over the WCC and take a good entry point on Daily with a good R:R.
Looks like you're off to a good start, very similar to my analysis. Although I want to see a close above where your upper trendline is, or higher than 1.6100.

Between the big boss resistance, the trendline, and the top of the weekly control candle I see it as very strong resistance.
  • #4,331
  • May 1, 2018 6:31am May 1, 2018 6:31am
Read half of the thread and would like to start demo trading during reading the remaining half.
Just focusing on 2 pairs (EURJPY and GBPUSD)


First Trade on EURJPY
H1 and H4 is in down trend
Although it is almost at the button of WCC, took 2 trade with small risk.
Exit before the end of London hour, when I saw the hammer candle.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 59 KB


GPBUSD
H1 and H4 down trend
Similar situation as EURJPY.
While at the end got a loss.
I believe my fault is taking trade too close to the WCC.
Cannot found a price action candle but the trend still went back qucikly
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 75 KB
  • #4,332
  • May 1, 2018 6:36am May 1, 2018 6:36am
Quoting brian661
Read half of the thread and would like to start demo trading during reading the remaining half. Just focusing on 2 pairs (EURJPY and GBPUSD) First Trade on EURJPY H1 and H4 is in down trend Although it is almost at the button of WCC, took 2 trade with small risk. Exit before the end of London hour, when I saw the hammer candle. {image} GPBUSD H1 and H4 down trend Similar situation as EURJPY. While at the end got a loss. I believe my fault is taking trade too close to the WCC. Cannot found a price action candle but the trend still went back qucikly...
You have the most Kawaii charts I have ever seen

More seriously, both your trades looked good, it has nothing to do with the WCC but with not getting out when PASR told you do to so
Attached Image
  • #4,333
  • May 1, 2018 6:41am May 1, 2018 6:41am
Quoting landax
First Analysis: BB: Bullish over the last 4 months, but has to form a Doji the month of April so price is to balance? In any case the price takes a break no precise direction. {image} B: Price stuck in a WCC for 4 weeks, the top of the WCC has been tested twice in the last two weeks. {image} W: Price is just below the WCC resistance and at the end of the triangle trendline. {image} My plan: Wait until the boss closes over the WCC and take a good entry point on Daily with a good R:R. Any opinions ?
Good analysis but beware of the trendlines you draw on the worker, they will mess you up as they did to me.
The shadow and horizontal S/R lines offer plenty information, anything more just adds noise
  • #4,334
  • May 1, 2018 6:53am May 1, 2018 6:53am
GBPCHF

BB: uptrend for 2 months, the last candle to test resistance 1.38 but was rejected.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF BB.png Size: 76 KB


B: Shooting Star and confirmed high swing, and this week currently in doji candle it was locked so it didn't really matter (looks like the price is right on the WCC media, but I'm not psychic)

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


W: price currently under the 20 EMA

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF W.png Size: 74 KB


My plan: If the worker candle closes below 20 ema by a BEEB, so maybe find an entry on H4 in return of downtrend and having some pips before the bottom of the WCC and SL above the BEEB like take profit?

Notice to it you please
  • #4,335
  • May 1, 2018 6:58am May 1, 2018 6:58am
Quoting brian661
Read half of the thread and would like to start demo trading during reading the remaining half. Just focusing on 2 pairs (EURJPY and GBPUSD) First Trade on EURJPY H1 and H4 is in down trend Although it is almost at the button of WCC, took 2 trade with small risk. Exit before the end of London hour, when I saw the hammer candle. {image} GPBUSD H1 and H4 down trend Similar situation as EURJPY. While at the end got a loss. I believe my fault is taking trade too close to the WCC. Cannot found a price action candle but the trend still went back qucikly...
Agree with Darko.

2 Excellent entries, no way you should be booking a loss on Cable: some lovely swing highs to trail your stop behind plus some very clear warning signals. After your 3rd entry, price is making higher highs and higher lows and there is a very clear break of resistance when the strat shadow flips.

But kudos to you for great entries and holding your nerve on the trades.
  • #4,336
  • May 1, 2018 6:59am May 1, 2018 6:59am
Quoting Rub
{quote} Looks like you're off to a good start, very similar to my analysis. Although I want to see a close above where your upper trendline is, or higher than 1.6100. Between the big boss resistance, the trendline, and the top of the weekly control candle I see it as very strong resistance.
Thank you for your comment, I also think we should wait until the price is above the trend line to take a trade
  • #4,337
  • Edited 2:26pm May 1, 2018 7:00am | Edited 2:26pm
Quoting darko2010
{quote} Good analysis but beware of the trendlines you draw on the worker, they will mess you up as they did to me. The shadow and horizontal S/R lines offer plenty information, anything more just adds noise
Thanks, Darko, you think that trend lines is not worth the trouble to be added?
If it is too much so I only would put them more, I don't like have too many line
  • #4,338
  • May 1, 2018 8:05am May 1, 2018 8:05am
Quoting landax
{quote} Thanks, Darko, you think that trend lines is not worth the trouble to be added?
Strat does, and I finally understand why he thinks that.
  • #4,339
  • May 1, 2018 8:24am May 1, 2018 8:24am
Quoting landax
Hello everyone, I introduce myself, I am Landax a French student of 20 years, and I use most of my free time to study forex for 1 year. I read the two sons since October and I am determined to learn more and more every day, every week. I intend to focus mainly on Daily because I do not have much time to trade during the day. And when I will be profitable in the long run (I hope one day aha) I would like to be full time and even trader M5. Here for my presentation
You're welcome and wish you well here.


Cheers,
Yomi.
Time always comes before price
  • #4,340
  • May 1, 2018 8:34am May 1, 2018 8:34am
Quoting landax
GBPCHF BB: uptrend for 2 months, the last candle to test resistance 1.38 but was rejected. {image} B: Shooting Star and confirmed high swing, and this week currently in doji candle it was locked so it didn't really matter (looks like the price is right on the WCC media, but I'm not psychic) {image} W: price currently under the 20 EMA {image} My plan: If the worker candle closes below 20 ema by a BEEB, so maybe find an entry on H4 in return of downtrend and having some pips before the bottom of the WCC and SL above the BEEB like take profit? Notice...
Weldone, instead of saying below or above 20 EMA, it's better to say below or above Strat Shadow, Strat prefer it that way, because we are not trading Moving Averages.
Weldone.


Happy Trading,
Yomi.
Time always comes before price
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