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Strat's PASR Long Term, Stress Free Trading

  • #4,741
  • May 10, 2018 2:52pm May 10, 2018 2:52pm
Quoting samsonwebdes
{quote} Well that news event has certainly helped your short Rub! Looks like the big boys want the pound a little lower. Days not over yet but it'll take some serious buying to get that back above support today.
Thank mate, thought the rumblings over Iran and middle east would help, but I thought the trend is down for a while. Pretty much following the last month and a bit. Looking for a higher low on the big boss/boss.


Quoting strat
GBPCAD {quote} Well done, Rub. I can see a couple of flaws with taking it, like being at strat shadow support on boss And........................PRICE at confluence of support on all 3 of our time frames and 200 ema on the Worker You obviously have a higher RISK tolerance than me but as long as that is OK with your Money Management then you are good.
Thanks for the feedback, I'm still only trading with money I can afford to lose. My position sizing is based on a dollar amount, if I can't fit the trade I don't take it.
  • #4,742
  • May 10, 2018 3:20pm May 10, 2018 3:20pm
EUR/JPY looks sort of interesting to me:

Price found strong support at BB and B Strat Shadow bottoms (together with historical S/R levels), but LH on Boss chart is holding me away from going long on this pair, although strong support level and current Price action on the Worker looks bullish. Is there something else I didn't notice?
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  • #4,743
  • May 10, 2018 3:53pm May 10, 2018 3:53pm
PASR

Quoting JCMPete
{quote} Hi Strat & Svolacius Homework done. Below are my Big Boss, Boss and Worker Charts with the amended S/R lines... {image}{image}{image}
Much better. That's good for identifying SR. Now find a pair with a potential trade and do the same on that.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,744
  • May 10, 2018 3:57pm May 10, 2018 3:57pm
EURJPY

Quoting Svolacius
EUR/JPY looks sort of interesting to me: Price found strong support at BB and B Strat Shadow bottoms (together with historical S/R levels), but LH on Boss chart is holding me away from going long on this pair, although strong support level and current Price action on the Worker looks bullish. Is there something else I didn't notice? {image} {image} {image}
Re-assess this at the End of the Week.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,745
  • May 10, 2018 4:03pm May 10, 2018 4:03pm
GBPAUD

Quoting strat
GBPAUD {quote} I don't see any PA right now on my watchlist Well I do with PRICE looking to test recent high! {image}
So how many of you got 140 pips from this SIGNAL?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,746
  • May 10, 2018 5:18pm May 10, 2018 5:18pm
Quoting strat
GBPAUD {quote} So how many of you got 140 pips from this SIGNAL? {image} {image}
Unless you were on it because of your intimate understanding of the worker, there was much less than 140 pips to take because of the strong move on red news. But you just highlighted a very valuable configuration Strat, I will remember it. Thanks
  • #4,747
  • May 10, 2018 9:37pm May 10, 2018 9:37pm
Quoting strat
GBPAUD {quote} So how many of you got 140 pips from this SIGNAL? {image} {image}

Hi Strat

Looking at this from a daily perspective. Our time zone was tough to catch on the 4h.

The shooting star at resistance marked with my blue line would be the entry.

The boss was showing a down trend. Also the BIG BOSS looks to be swinging off of a lower high.

Is my thinking correct? About 110 pip stop for a 230 pip move.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,748
  • Edited 12:44am May 11, 2018 12:10am | Edited 12:44am
Quoting strat
GBPAUD {quote} So how many of you got 140 pips from this SIGNAL? {image} {image}
I didn't take it long, or the short from the pissy little shooting start. Wasn't at the computer to take the 4Hr signal either!
Still there's always another trade.

EDIT: to clarify, that "shooting star" doesn't really qualify in my mind. Too small and doesn't really stand out.
  • #4,749
  • May 11, 2018 1:21am May 11, 2018 1:21am
Quoting strat
EURJPY M5 {quote} And what impact has $USD on EURJPY?

Hi Strat. I hope you're well.

I guess you're asking to test if I understand what a cross-pair is? Ok, I'll play along.


In this particular example, EUR-JPY is a "cross" (ie a derivative) of EUR-USD and USD-JPY.
Looking back, at 15:30 MT4 server time (14:30 my time), slightly negative USD news came out. EUR-USD whipsawed and the related cross-pair EUR-JPY did the same at the exact same time.


This is why I stay out of all pairs on USD red news day. Cheers.

EUR-USD whipsaw at 15:30 (red USD news)
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The cross pair EUR-JPY same whipsaw at 15:30 (red USD news)

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  • #4,750
  • Edited 2:27am May 11, 2018 1:53am | Edited 2:27am
EUR AUD WORKER

Good morning (through the eyes of the Europeans ),

would like to share my analysis of the worker for EUR AUD. My view for the BB and B hasn’t changed as mentioned in my post 3860.
I was bearish since 12.4. as we had the BEEB (see first arrow) but wanted to wait for the close of the following day. Didn‘t take a position as we saw the hammer (or doji) one day as later. Price was supported and rejected by the bottom of the Strat shadow, which was also the swing low. As price was rejected again on the higher levels (25.4.) we are in the down swing again.
In the last few days price was supported again by the Strat Shadow, but it was broken yesterday with a bearish candle, that closed near to the daily low.
For me a signal to have a look for a good entry using H4.

Comments welcome.

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  • #4,751
  • May 11, 2018 2:17am May 11, 2018 2:17am
Quoting strat
GBPAUD {quote} So how many of you got 140 pips from this SIGNAL? {image} {image}
I closed my short of last week on BUEB, opened a long trade that I closed on rejection and did not take the short again. Around 200 pips from both trades combined. But I'm still not pleased with myself and my trading, I would like to see a good opportunity to jump into a longer term trade where I could ride for much longer than 2-3 days. Most of the pairs I'm monitoring don't show the beautiful saw tooth structure that we all look for. Maybe it's just not the right time yet.
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  • #4,752
  • May 11, 2018 2:22am May 11, 2018 2:22am
Quoting Malu
EUR AUD WORKER Good morning (through the eyes of the Europeans ), would like to share my analysis of the worker for EUR AUD. My view for the BB and B hasn’t changed as mentioned in my post 3860. I was bearish since 12.4. as we had the BEEB (see first arrow) but wanted to wait for the close of the following day. Didn‘t take a position as we saw the hammer (oder doji) one day as later. Price was supported and rejected by the bottom of the Strat shadow, which was also the swing low. As price was rejected again on the higher levels (25.4.) we...
I already took the trade on this pair, in addition to your analysis, which I agree with, lower highs also signal me that this pair's uptrend may be over.
  • #4,753
  • May 11, 2018 2:23am May 11, 2018 2:23am
Quoting Malu
EUR AUD WORKER Good morning (through the eyes of the Europeans ), would like to share my analysis of the worker for EUR AUD. My view for the BB and B hasn’t changed as mentioned in my post 3860. I was bearish since 12.4. as we had the BEEB (see first arrow) but wanted to wait for the close of the following day. Didn‘t take a position as we saw the hammer (oder doji) one day as later. Price was supported and rejected by the bottom of the Strat shadow, which was also the swing low. As price was rejected again on the higher levels (25.4.) we...
Hi Malu

For me :
- the big boss is in an up trend, even if retracing from resistance at the moment
- the boss is in a down swing, could break WCC at the end of the week. But there is confluence of TL from July 17, strat shadow support and support line some 80 pips ahead
- May be there was an entry yesterday with a RRR = 2 after the shooting star, but price was in WCC

But at the moment I always find reasons not to take a trade ....
  • #4,754
  • May 11, 2018 2:35am May 11, 2018 2:35am
Quoting Bestof27
{quote} Hi Malu For me : - the big boss is in an up trend, even if retracing from resistance at the moment - the boss is in a down swing, could break WCC at the end of the week. But there is confluence of TL from July 17, strat shadow support and support line some 80 pips ahead - May be there was an entry yesterday with a RRR = 2 after the shooting star, but price was in WCC But at the moment I always find reasons not to take a trade ....
Hi Bestof,

i would agree that the BB is in an uptrend, but price could break the resistance area (1,61 to 1,63). April we had the doji (indecision!) and May is pretty weak again.
B is caught in a WCC since end of March. I assume that price will close below the WCC what would be bearish signal to me, too.

but thanks for your comments, I see your point.
That helps to question the own decision.
  • #4,755
  • May 11, 2018 2:37am May 11, 2018 2:37am
Quoting Svolacius
{quote} I already took the trade on this pair, in addition to your analysis, which I agree with, lower highs also signal me that this pair's uptrend may be over.
Thanks for your feedback. I am trying to jump on the trend earlier than as in the past. Will do that with small size and add on when price goes in my direction.
  • #4,756
  • May 11, 2018 5:00am May 11, 2018 5:00am
GPB/USD M5

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I took the trade on the BUEB above the resistance, but I have the tendency its stopped in Ganges and I went out as soon as I could with 3 pips of profits, just above the break even.

This is not the first Friday of the month, but maybe trader on a Friday is not the ideal
  • #4,757
  • May 11, 2018 5:25am May 11, 2018 5:25am
Quoting landax
GPB/USD M5 {image} maybe trader on a Friday is not the ideal
Or maybe there was just no trend...
  • #4,758
  • May 11, 2018 5:31am May 11, 2018 5:31am
Quoting darko2010
{quote} Or maybe there was just no trend...
Yes maybe, I saw that the price had gone through Strat shadow, and that there had been a return to this upward trend with broken resistance, I wanted to enter but maybe I need to look for better pattern in saw tooth
  • #4,759
  • May 11, 2018 5:33am May 11, 2018 5:33am
Quoting landax
{quote} Yes maybe, I saw that the price had gone through Strat shadow, and that there had been a return to this upward trend with broken resistance, I wanted to enter but maybe I need to look for better pattern in saw tooth
Look at it again, I am just starting to see a trend
  • #4,760
  • May 11, 2018 5:36am May 11, 2018 5:36am
Quoting landax
{quote} Yes maybe, I saw that the price had gone through Strat shadow, and that there had been a return to this upward trend with broken resistance, I wanted to enter but maybe I need to look for better pattern in saw tooth
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My comment's

Further notes: so you want to buy, it's fine to wait for better prices/cheap prices for new trend to prove itself.
It's in fear when people show what they truly value.
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