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Strat's PASR Long Term, Stress Free Trading

  • #4,821
  • May 14, 2018 12:27pm May 14, 2018 12:27pm
Weekly Control Candle

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}
There are several pages in this new thread and the same on the old thread on the qualifications for a Weekly Control Candle, so please find these and study them. As with everything in PASR, the most important PRICE level is the CLOSE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,822
  • May 14, 2018 12:29pm May 14, 2018 12:29pm
EURNZD M5 PASR Trend Trading

Quoting landax
EUR/NZD M5 {image} 30 Pips
Good job, you are getting the idea!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,823
  • Edited 12:53pm May 14, 2018 12:41pm | Edited 12:53pm
EURAUD Weekly Control Candle

Quoting bistolis
{quote} I havent been looking at weekly charts for some time now. I think your weekly control candle should be like below on your charts No1 was and now it is no2 (any feedback from anyone?) {image} you want the weekly candle to close outside of the previous control candle
any feedback from anyone

On my data, with a New York 5 pm daily close, the #1 Weekly Control candle was in control until the CLOSE of candle #2, so currently, there is no Weekly Control Candle in control.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 54 KB


I havent been looking at weekly charts for some time now.

So you have stopped learning and UNDERSTANDING PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,824
  • May 14, 2018 12:56pm May 14, 2018 12:56pm
Weekly Control Candle

Quoting Rufus
{quote} {image} you want the weekly candle to close outside of the previous control candle YES
Suggest you study Weekly Control candles again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,825
  • Edited 1:15pm May 14, 2018 1:02pm | Edited 1:15pm
GBPNZD M5 PASR Trend Trading 60+ pips

Quoting Rufus
{image} Target acquired.
Good job but trading at 5:20am - I can't do that - the wheels between my ears are not operational until after walking the dogs and then breakfast and coffee after which time it is 7:30 am (10:30 am NY)
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,826
  • May 14, 2018 1:06pm May 14, 2018 1:06pm
Strat Shadow

Quoting 2hpriest
{quote} Appreciate your response, Rufus. On simplifying the appearance of my charts, if you are looking at the many SR lines, i really need them on for now, until i am able to trade like seniors like you. Or maybe you have other areas in mind. On getting the Strat Shadow on my charts, my Hotforex broker MT4 Platform does not support it, at least, so they claimed when i reached out to them for support If you know how to apply it on an MT4 , that will be taking a load of worries off my back. I know that having it on my chart will greatly influence...
The Strat Shadow is composed of filled in moving averages which are available on ALL MT4 charts.

Maybe some kind soul will assist you in adding the Strat Shadow to your charts
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,827
  • May 14, 2018 1:12pm May 14, 2018 1:12pm
PASR

Quoting 2hpriest
{quote} Good day Bistolis, Appreciate your response. I am beginning to wonder if any group of traders will ever see eye to eye on what a correct WCC should look like. Anytime it is brought up on a chart analysis, it sparks of dissenting views . Maybe i should focus on understanding Basic PASR for now and with maturity pick and defend a stand on it later. Please keep the comments coming, i need it to understand better. Thank you Emeka
Maybe i should focus on understanding Basic PASR for now

Yes, that is what I have posted many times! Only when you understand and can profitably trade Basic PASR should you worry about Weekly Control Candles.

I am beginning to wonder if any group of traders will ever see eye to eye on what a correct WCC should look like. Anytime it is brought up on a chart analysis, it sparks of dissenting views .

This happens when traders either do not UNDERSTAND my Weekly Control Candles or they do not apply the rules CORRECTLY. There is NO subjectivity or ambiguity on Weekly Control Candles - the RULES are clear.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,828
  • May 14, 2018 1:52pm May 14, 2018 1:52pm
Strat Shadow

Quoting strat
Strat Shadow {quote} The Strat Shadow is composed of filled in moving averages which are available on ALL MT4 charts. Maybe some kind soul will assist you in adding the Strat Shadow to your charts
Hello Strat

Please allow me to do this (reading the old and new thread for months now, still learning... on the path).

Anyway, indicators attached.
Attached File(s)
File Type: ex4 MA Color Fill.ex4   13 KB | 1,023 downloads
File Type: ex4 MA in Color.ex4   12 KB | 808 downloads
File Type: mq4 MA in Color.mq4   4 KB | 824 downloads
  • #4,829
  • May 14, 2018 1:53pm May 14, 2018 1:53pm
Strat Shadow

Quoting strat
Strat Shadow {quote} The Strat Shadow is composed of filled in moving averages which are available on ALL MT4 charts. Maybe some kind soul will assist you in adding the Strat Shadow to your charts
And here is the settings for the indicators:
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Attached Image
  • #4,830
  • May 14, 2018 1:56pm May 14, 2018 1:56pm
Quoting strat
EURAUD Weekly Control Candle {quote} any feedback from anyone On my data, with a New York 5 pm daily close, the #1 Weekly Control candle was in control until the CLOSE of candle #2, so currently, there is no Weekly Control Candle in control. {image} I havent been looking at weekly charts for some time now. So you have stopped learning and UNDERSTANDING PASR
Hello Strat

But according to your definition of WCC, this should make candle #2 a new WCC, so why there is no WCC in control now? Shouldn't it be candle #2 now?
  • #4,831
  • May 14, 2018 2:03pm May 14, 2018 2:03pm
Quoting Suran
{quote} Hey 2HP my Hotforex broker MT4 Platform does not support it Any broker supports strat shadow (in MT4) If you know how to apply it on an MT4 Google " how to install indicator in MT4" ..you will get the answer. easy peasy hope this helps
Hm it worked for me on Hotforex? Are you sure you've installed it correctly?
  • #4,832
  • May 14, 2018 2:11pm May 14, 2018 2:11pm
Quoting sabbah
{quote} Hello Strat But according to your definition of WCC, this should make candle #2 a new WCC, so why there is no WCC in control now? Shouldn't it be candle #2 now?
No2 will be WCC if this week closes within its high/low
  • #4,833
  • May 14, 2018 2:29pm May 14, 2018 2:29pm
EUR/CAD just went under my radar:

Price is at support on the downswing. Price seems to be respecting the trendline. Nothing to trade yet, but an interesting structure to study for now.
Attached Image(s) (click to enlarge)
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  • #4,834
  • May 14, 2018 2:35pm May 14, 2018 2:35pm
Quoting sabbah
{quote} Hello Strat But according to your definition of WCC, this should make candle #2 a new WCC, so why there is no WCC in control now? Shouldn't it be candle #2 now?
No because the candle next to candle #2 has not yet closed.
  • #4,835
  • May 14, 2018 2:36pm May 14, 2018 2:36pm
Quoting sabbah
{quote} Hello Strat But according to your definition of WCC, this should make candle #2 a new WCC, so why there is no WCC in control now? Shouldn't it be candle #2
The current weekly candle MUST CLOSE INSIDE THE RANGE OF CANDLE 2 in order to confirm candle 2 as WCC
  • #4,836
  • May 14, 2018 2:48pm May 14, 2018 2:48pm
Giannis95, Bestof27, bistolis

Thank you ALL. I got it now.
  • #4,837
  • May 14, 2018 4:07pm May 14, 2018 4:07pm
Quoting sabbah
Giannis95, Bestof27, bistolis Thank you ALL. I got it now.
Thank you for helping with the Strat Shadow.

As these students have correctly posted, it is not yet a Weekly Control Candle because there is nothing to control as this week is still LIVE (not CLOSED). How this week CLOSES will determine whether it is a Weekly Control Candle or not.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,838
  • May 14, 2018 4:34pm May 14, 2018 4:34pm
I appreciate you guys for all your comments.
They have made me get a better understanding of what the WCC is all about.
Special greetings to Strat, for finding time to comment on each of my post and guarding me on the right path in the process.
But as i have already noted earlier, i rather focus on understanding BASIC PASR for now.
I am grateful to Sabbah for the support and materials on the application of the Strat Shadow.
Back to the Path.
Thank you
Emeka
  • #4,839
  • May 15, 2018 1:30am May 15, 2018 1:30am
EUR USD Worker

Yesterday price formed a shooting star (wick stopped at resistance).
Let’s se if that was the end of the correction move and the continuation of the downmove.
BB and B are looking bearish to me, too.

Attached Image (click to enlarge)
Click to Enlarge Name: 9230A8D7-B84A-4DAB-9AD3-A3EAFB2F322A.jpeg Size: 228 KB
  • #4,840
  • May 15, 2018 1:41am May 15, 2018 1:41am
2hpriest
Here are the indicators to put in MQL4 / Indicators
Attached File(s)
File Type: ex4 MA in Color.ex4   12 KB | 1,139 downloads

Attached File(s)
File Type: mq4 MA in Color.mq4   4 KB | 1,369 downloads

Attached File(s)
File Type: ex4 MA ribbon filled 2 x 14.ex4   9 KB | 1,359 downloads

Attached File(s)
File Type: mq4 MA ribbon filled 2 x 14.mq4   2 KB | 1,503 downloads

Here is the template to place in the templates folder.
Attached File(s)
File Type: tpl Strat.tpl   3 KB | 1,881 downloads


PS: Sorry I just read that Sabbah had answered!

Strat Shadow

Quoting 2hpriest
{quote} Appreciate your response, Rufus. On simplifying the appearance of my charts, if you are looking at the many SR lines, i really need them on for now, until i am able to trade like seniors like you. Or maybe you have other areas in mind. On getting the Strat Shadow on my charts, my Hotforex broker MT4 Platform does not support it, at least, so they claimed when i reached out to them for support If you know how to apply it on an MT4 , that will be taking a load of worries off my back. I know that having it on my chart will greatly influence...
Quoting strat
Strat Shadow {quote} The Strat Shadow is composed of filled in moving averages which are available on ALL MT4 charts. Maybe some kind soul will assist you in adding the Strat Shadow to your charts
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