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Strat's PASR Long Term, Stress Free Trading

  • #4,581
  • May 7, 2018 7:10pm May 7, 2018 7:10pm
Good day to all of you,

Here's my analysis. According to the monthly chart the big boss is in a uptrend and is also above 63 ema.
Attached Image (click to enlarge)
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While the weekly chart (boss) is also in a uptrend which the price is above 20ema.

Attached Image (click to enlarge)
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There is a BUEB at 63 ema for the worker chart. Therefore, my take profit would be at 1.84160 and my price would be at 1.79253. Also my stop lost would be a few pips below the last swing low.

Attached Image (click to enlarge)
Click to Enlarge Name: daily.PNG Size: 45 KB


Thank you.
  • #4,582
  • Edited 9:12pm May 7, 2018 8:37pm | Edited 9:12pm
Quoting WayneJay
Good day to all of you, Here's my analysis. ...... Thank you.
Hello WayneJay,

Looks like your first post in the FF and in Strat's thread. Welcome!
your analysis is good start IMHO...

But you seams missed couple of levels in BB , And you need to ask the question " where BigBoys taking price in BB chart?"
In BOSS chart ...I don't like the way it came out of that consolidation..(see the rounding top..all the SS, spinning-top,hammer type bars)
in worker chart ..even though it created a BUEB sitting at a support ..I don't like the way it came out of the range.see the big BEEB (6 bars before) and the drop after that..Also that BUEB is testing strat shadow after prior bar break the shadow.
And to get to your Take profit at 1.8416..it should clear 1.82000 which is also the bottom of the previous range.see the bar lows (which can become resistance now).

Just my thought process..Until Strat and other seniors give some explanation.

Anyway welcome to the thread...

Suranga

PS ..Your entry is at 1.79253 right? we normally enter the break of the BUEB.. (just saw the strat's previous post about the same trade)
Focus, Patience, Discipline, Determination and Perseverance
  • #4,583
  • May 7, 2018 8:54pm May 7, 2018 8:54pm
Hey guys,

I came across this today when I hang around members lounge (thanks ReverseFlash) . this just reminded me the Power of Time Frames..nice..
Attached Image (click to enlarge)
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Focus, Patience, Discipline, Determination and Perseverance
  • #4,584
  • May 7, 2018 9:29pm May 7, 2018 9:29pm
Quoting WayneJay
Good day to all of you, Here's my analysis. According to the monthly chart the big boss is in a uptrend and is also above 63 ema. {image} While the weekly chart (boss) is also in a uptrend which the price is above 20ema. {image} There is a BUEB at 63 ema for the worker chart. Therefore, my take profit would be at 1.84160 and my price would be at 1.79253. Also my stop lost would be a few pips below the last swing low. {image} Thank you.
Hello Wayne Jay

If I can give you one piece of advice right from the get-go. Don't thread hop looking for a better system. I'm not saying this one is the best, but the minute you start exploring new ideas or trying to cut corners in your learning curve, it is a quick spiral down. I have tried it. I wish my first post was here.

As for your chart. This one has been catching my eye as well. Think I will spend some time dissecting it here.

Big Boss

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDiMonthly.png Size: 83 KB


The large March monthly candle circled turned at support. This area had been visited numerous times indicated by the arrows. April was a doji. The first part of May saw a little retracement. Also using the Strat Shadow as support. Monthly chart showing an uptrend.

Boss

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDiWeekly.png Size: 88 KB


I left the lines on my chart indicating the weekly control candle that had been in play for 6 weeks. There still may be some trouble there. This weeks candle opened at support around 1.7944. Also the weekly has been climbing, showing HH and HL.

Worker

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDiDaily.png Size: 79 KB


It is looking like to me that the worker is towing the line. Obeying the boss and big boss. Mondays candle was a strong bullish move with a follow-through so far with the new daily candle. The old WCC had a range of about 370 pips.

I am not going to say here if I have taken a position or not. I will leave that up to each trader.

Time for my dinner.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,585
  • May 8, 2018 12:20am May 8, 2018 12:20am
Quoting WayneJay
Good day to all of you, Here's my analysis. According to the monthly chart the big boss is in a uptrend and is also above 63 ema. {image} While the weekly chart (boss) is also in a uptrend which the price is above 20ema. {image} There is a BUEB at 63 ema for the worker chart. Therefore, my take profit would be at 1.84160 and my price would be at 1.79253. Also my stop lost would be a few pips below the last swing low. {image} Thank you.
Hi

For me price is at support on Big Boss
The Boss is in a swing down, price is at support
On the worker price is up at Strat Shadow resistance

So I wouldn't take a trade right now, and wait at least for a break of strat shadow on the worker or a confirmed swing low on the boss
  • #4,586
  • May 8, 2018 4:46am May 8, 2018 4:46am
EURUSD M5

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  • #4,587
  • May 8, 2018 4:49am May 8, 2018 4:49am
Quoting bistolis
EURUSD M5 {image}
Well done.
Why did you get out of the trade though? No signal there to exit or support that I can see.
Study enough and it all starts looking like the Matrix...
  • #4,588
  • May 8, 2018 4:51am May 8, 2018 4:51am
Quoting bistolis
EURUSD M5 {image}
Well done.. fantastic entry and exit.. nice 30 piper.
It's in fear when people show what they truly value.
  • #4,589
  • May 8, 2018 4:56am May 8, 2018 4:56am
Quoting bistolis
EURUSD M5 {image}
This is the typical setup, that I normally look out for, the first pullback, after the breakout. See the trend first.


Weldone,
Yomi.
Time always comes before price
  • #4,590
  • May 8, 2018 5:00am May 8, 2018 5:00am
Quoting bistolis
EURUSD M5 {image}
Agreed - nice trade. Where was your initial stop placed?
  • #4,591
  • May 8, 2018 5:10am May 8, 2018 5:10am
GBPAUD - WCC versus the BIG BOSS

Closing outside a WCC is just an invitation to look closer at a pair, but the Big Boss reigns supreme in any case.
The Brit in me still roots for the UK, it seems I am not the only one
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  • #4,592
  • May 8, 2018 5:16am May 8, 2018 5:16am
CADJPY - M5 PASR Trend Trading
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  • #4,593
  • May 8, 2018 5:18am May 8, 2018 5:18am
USDCAD - M5 PASR Trend Trading
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  • #4,594
  • May 8, 2018 5:21am May 8, 2018 5:21am
Quoting Humbucker
{quote} Agreed - nice trade. Where was your initial stop placed?
15pips to start with
  • #4,595
  • May 8, 2018 5:39am May 8, 2018 5:39am
AUDUSD - WCC versus the BIG BOSS

I realize I wouldn't have seen half the things I see in these charts before Strat...
Attached Image(s) (click to enlarge)
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  • #4,596
  • May 8, 2018 5:40am May 8, 2018 5:40am
Quoting darko2010
USDCAD - M5 PASR Trend Trading {image}
Lovely riding of the momentum ..
It's in fear when people show what they truly value.
  • #4,597
  • May 8, 2018 5:43am May 8, 2018 5:43am
Quoting ensale
{quote} Lovely riding of the momentum ..
Thanks ensale, I am not a big fan of USDCAD because of the low ATR but USD was the strongest and CAD was the weakest of the morning, so I pounded on CAD like the rest of the thugs
  • #4,598
  • May 8, 2018 5:46am May 8, 2018 5:46am
Quoting darko2010
{quote} Thanks ensale, I am not a big fan of USDCAD because of the low ATR but USD was the strongest and CAD was the weakest of the morning, so I pounded on CAD like the rest of the thugs
Hi Darko,

How do you figured USD is strongest and CAD weakest?
Focus, Patience, Discipline, Determination and Perseverance
  • #4,599
  • Edited 6:14am May 8, 2018 5:49am | Edited 6:14am
AUDUSD, EURJPY, AUDJPY & USDCAD M5 PASR Trend Trading:


LIVE at the MOVING HARD RIGHT EDGE........





Happy Trading,
Yomi.
Attached Image(s) (click to enlarge)
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Time always comes before price
  • #4,600
  • May 8, 2018 5:51am May 8, 2018 5:51am
Quoting Suran
{quote} Hi Darko, How do you figured USD is strongest and CAD weakest?
I have the list of pairs in front of me with their daily variations in % and I see who punches and who gets punched the most.
As Strat always says, your best indicator is between your ears
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