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Strat's PASR Long Term, Stress Free Trading

  • #4,781
  • May 11, 2018 3:45pm May 11, 2018 3:45pm
Looks like express train on many AUD pairs is coming to a stop. AUD/CAD is probably the best example of that. Just as last week, we see more and more demand. I'll watch these pairs to see if it is a complete stop or just a quick stop before more selling. Have a great night all!
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  • #4,782
  • May 11, 2018 4:25pm May 11, 2018 4:25pm
You don't have to go to business school; you've only got to remember one thing. . . You always want to be with whatever the predominant trend is.

Paul Tudor Jones


Sound familiar?

Have a great weekend all.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,783
  • May 11, 2018 4:50pm May 11, 2018 4:50pm
PASR Hammer

Quoting Svolacius
Looks like express train on many AUD pairs is coming to a stop. AUD/CAD is probably the best example of that. Just as last week, we see more and more demand. I'll watch these pairs to see if it is a complete stop or just a quick stop before more selling. Have a great night all! {image} {image}
Good job!

For those on The Path, the AUDCAD Boss Hammer is perfect PASR in every way satisfying all conditions:

It has a long tail reaching down to the next level of support
It has a very short wick
Its body is less than half the length of the complete candle
Its body has CLOSED at support
The Hammer is at the end of the down swing
The candle stands out on its own - it is below all others in that swing with nothing to the left of it.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,784
  • May 11, 2018 4:55pm May 11, 2018 4:55pm
Quoting Svolacius
Looks like express train on many AUD pairs is coming to a stop. AUD/CAD is probably the best example of that. Just as last week, we see more and more demand. I'll watch these pairs to see if it is a complete stop or just a quick stop before more selling. Have a great night all! {image} {image}
Agreed to watch AUD pairs...but I think AUDCAD is not the best example...turnaround in GBPAUD seems to
be more adult as BB and B have already turned...have a nice weekend you all.
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Have a nice day
  • #4,785
  • May 11, 2018 6:30pm May 11, 2018 6:30pm
Quoting strat
PASR Hammer {quote} Good job! For those on The Path, the AUDCAD Boss Hammer is perfect PASR in every way satisfying all conditions: It has a long tail reaching down to the next level of support It has a very short wick Its body is less than half the length of the complete candle Its body has CLOSED at support The Hammer is at the end of the down swing The candle stands out on its own - it is below all others in that swing with nothing to the left of it. {image}
"The candle stands out on its own - it is below all others in that swing with nothing to the left of it.

This is what tripped me up on the GBP/AUD trade i commented on, the shooting star didn't really stand out to me. I'm still looking for stuff like this that stands out to me for my trades. I've been passing up on heaps of trades because, I'm looking for smack you in the face obvious.
  • #4,786
  • May 11, 2018 7:00pm May 11, 2018 7:00pm
Quoting Rub
{quote} "The candle stands out on its own - it is below all others in that swing with nothing to the left of it. This is what tripped me up on the GBP/AUD trade i commented on, the shooting star didn't really stand out to me. I'm still looking for stuff like this that stands out to me for my trades. I've been passing up on heaps of trades because, I'm looking for smack you in the face obvious.

As you watch more and more charts. More setups will smack you in the face that didn't before.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,787
  • May 12, 2018 12:30pm May 12, 2018 12:30pm
Quoting strat
GBPAUD {quote} My signal was for a LONG on the BEOB at support and that Shooting Star was the EXIT signal. That Shooting Star is EXACTLY what we look for - it qualifies for PASR on every count! Suggest you swat up on Shooting Stars.
Just what I did, got long on BUOB and exited just before SS completed for +70 pips.

However I didn't take the short which I should have.

Terry
  • #4,788
  • May 12, 2018 8:50pm May 12, 2018 8:50pm
Hi, All

what do you think about EURJPY?

Boss
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Can it be "SEE" as a Hammer?

Worker
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Can we trade BASIC PASR within the WCC? the WCC is 264 Pips.

thans for your comments

Best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,789
  • May 13, 2018 3:46am May 13, 2018 3:46am
Quoting Cj.cn
Hi, All what do you think about EURJPY? Boss {image} Can it be "SEE" as a Hammer? Worker {image} Can we trade BASIC PASR within the WCC? the WCC is 264 Pips. thans for your comments Best regards
I reviewed this pair and had similar thoughts about it. However, the market structure of this pair - making LH, does not look R:R friendly to me. I would need to wait and see if there would be the momentum from support, otherwise I would pass and focus on AUD pairs for upcoming weeks.
  • #4,790
  • May 13, 2018 3:56am May 13, 2018 3:56am
The EUR/USD is also on my watchlist, as Price challenged Strat Shadow bottom (BB chart), support area of 1.19 and even though the body of Boss candle is quite small, it looks like a hammer with its CLOSE just above the support level. I would not call it a coincidence but a well played-out move by the Big Boys.
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  • #4,791
  • May 13, 2018 9:17am May 13, 2018 9:17am
Quoting Svolacius
The EUR/USD is also on my watchlist, as Price challenged Strat Shadow bottom (BB chart), support area of 1.19 and even though the body of Boss candle is quite small, it looks like a hammer with its CLOSE just above the support level. I would not call it a coincidence but a well played-out move by the Big Boys. {image} {image} {image}
There may be opportunities to find an entry on H4 ....
  • #4,792
  • Edited 5:02pm May 13, 2018 12:43pm | Edited 5:02pm
Quoting strat
GBPUSD M5 PASR Trend Trading {quote} do not be so hard please. Poor baby! Trading is HARD. Trading is a zero sum activity. Trading is a DOG EAT DOG world. Only the toughest survive. My teaching style over these last 8+ years is very successful having produced many consistently profitable traders. It separates the weak from the strong; the boys from the men. If you are upset by me being HARD on you then you will have a HUGE shock when you put your hard earned money on the line and you get spit out in little pieces for breakfast. Your fellow countryman...
Yes, you have expose me Sir...........lol

All I do is.........
I wait patiently for the market to have enough strength to push price in the desired direction and piggyback on the momentum in the hope of an extension move by way of "smooth saw tooth blade structure" trend, via Strat Shadow & PA.


Happy weekend,
Yomi.
Time always comes before price
  • #4,793
  • May 13, 2018 6:02pm May 13, 2018 6:02pm
Happy new week guys
Still on the Path
Just checking out on how WCC are located
Back to my reading and i hope i am understanding.

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'\
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  • #4,794
  • Edited May 14, 2018 5:27am May 13, 2018 8:47pm | Edited May 14, 2018 5:27am
Quoting 2hpriest
Happy new week guys Still on the Path Just checking out on how WCC are located Back to my reading and i hope i am understanding. {image}'\ {image} {image}
Hey 2HP,

Looks like you still need some work to do to understand WCC. Your AUDJPY & GBPNZD WCC 's are wrong. GBPCHF correct. (according to my understanding)

Hope this helps

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #4,795
  • May 14, 2018 1:58am May 14, 2018 1:58am
Quoting 2hpriest
Happy new week guys Still on the Path Just checking out on how WCC are located Back to my reading and i hope i am understanding.
Hi, Suran is right. GBPNZD for example: the 4th candle after your WCC (the large candle) closed below your actual WCC, which became the next WCC. And there where others after that one.
  • #4,796
  • May 14, 2018 2:40am May 14, 2018 2:40am
Hi Suran and Malu,
Now i know that the taste of the pudding is actually in the eating.
Your observation and correction to my post on how to locate properly a WCC has set my understanding straight.
It is one thing to read and it is another to understand,
I was thinking that for a WCC to be replaced BOTH the opening and closing should be taken out by the new WCC
Now that i know how to locate it back to reading and understanding how to apply it to trading.
I guess i will be posting my "understanding" or is it misunderstandings more, so that i can learn faster.
Thank you again
Emeka
  • #4,797
  • May 14, 2018 2:58am May 14, 2018 2:58am
Quoting 2hpriest
Hi Suran and Malu, Now i know that the taste of the pudding is actually in the eating. Your observation and correction to my post on how to locate properly a WCC has set my understanding straight. It is one thing to read and it is another to understand, I was thinking that for a WCC to be replaced BOTH the opening and closing should be taken out by the new WCC Now that i know how to locate it back to reading and understanding how to apply it to trading. I guess i will be posting my "understanding" or is it misunderstandings more, so that i can learn...
Hi Emeka, see post 4215 for my understanding of that topic. Hope that helps. (It is the closing that is relevant from my point of view).
  • #4,798
  • May 14, 2018 6:28am May 14, 2018 6:28am
Good morning.

I opened too early on Eur jpy... Grrrr.
But I found beautiful reaction on the cloud Strat+beautiful energy on the Jpy + beautiful candle.
No excuses?
I should always wait 40-50 mins after opening London as I indicated by an arrow?

I closed 1/2 of the positition after the long wick. Nice Ratio. The rest = BE and I am waiting for the opening of NY .... see if he will follow London!
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  • #4,799
  • May 14, 2018 7:00am May 14, 2018 7:00am
My 2 cents view of the EUR/AUD.
The Big boss has been on a bullish run since March 2017. The MA's (since i dont have the Strat Shadow yet) 20, 72 and 200 are all below current price thereby affirming the bullish bias too. This month bearish candle is almost touching the upward trend line.
Attached Image (click to enlarge)
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The Boss is also on a bullish run although it has been ranging within a 5 weeks control candle.
[attach]EURAUDWeekly.png;2801447[/attach.

The Worker also is on a bullish run following the steps of the Boss and operating within the 5 weeks WCC.
i would have traded the uptrend if the bond hammer had closed above the resistance at 1.584ish last Friday for a ride to the next resistance at 1.598ish
But looking at the price in between the 20 and 72 MA signifying no direction, and also price within the WCC,
It is either i wait for PA outside the WCC or look for another trade somewhere else.
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Please guys, show me what i am not seeing here.
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  • #4,800
  • May 14, 2018 7:34am May 14, 2018 7:34am
Quoting 2hpriest
My 2 cents view of the EUR/AUD. The Big boss has been on a bullish run since March 2017. The MA's (since i dont have the Strat Shadow yet) 20, 72 and 200 are all below current price thereby affirming the bullish bias too. This month bearish candle is almost touching the upward trend line. {image} The Boss is also on a bullish run although it has been ranging within a 5 weeks control candle. {image} Please guys, show me what i am not seeing here. {image}

Looks like you are seeing things well. I'd say do what you can to simplify the appearance of your charts and get the Strat Shadow set up.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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