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Strat's PASR Long Term, Stress Free Trading

  • #5,621
  • Jun 24, 2018 7:46pm Jun 24, 2018 7:46pm
Quoting strat
PASR {quote} We always start from the Boss No, ""WE"" do not - SEE POST 5581
thanks for the correction.

Regards

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,622
  • Jun 25, 2018 2:50am Jun 25, 2018 2:50am
Quoting Svolacius
Anyone else using this setup on GBP/USD? Pretty simple PASR to add-on in my case. {image} {image}
I'm currently flat with no trades on at the moment. I'm not looking to trade GBP until after Carney's speech on Wednesday. The market can go anywhere short term right now in my humble opinion....
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,623
  • Jun 25, 2018 10:14am Jun 25, 2018 10:14am
Quoting BeyondTheSea
{quote} I'm currently flat with no trades on at the moment. I'm not looking to trade GBP until after Carney's speech on Wednesday. The market can go anywhere short term right now in my humble opinion....
Glad to hear that I am not alone. Seems like the market is going nowhere recently for some reason.
  • #5,624
  • Jun 25, 2018 2:13pm Jun 25, 2018 2:13pm
Cannot go to sleep while not understanding this setup completely. Could anyone elaborate?

Big Boss: Long term uptrend, price closed near the Strat Shadow after a significant drop down. That would indicate the short-term focus of the Big Boys.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDMonthly.png Size: 64 KB


Boss: Bullish Outside Bar at SS bottom resulted in a bullish impulse to the 1.57ish resistance together with WCC top and SS. Price was rejected from the zone (indicated by arrow). That would seem to me like Big Boys would continue last month's move south.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDWeekly.png Size: 88 KB


Worker: June 19th's and last Friday's (22nd) candles would also look like a sign to continue shorting this pair at SS bottom and WCC top.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 69 KB


HOWEVER, price just continued creeping up north with this huge bullish engulfing bar. The only logical explanation would be the Big Boss SS dynamic support together with 1.54ish support being a good spot for the Big Boys to continue their long-term uptrend. On the other hand, we see the change in the trend quicker on the shorter timeframes , so Big Boss's strong bearish PA last month together with Boss's rejection last week made me think it could be a good opportunity to short.
  • #5,625
  • Jun 25, 2018 3:08pm Jun 25, 2018 3:08pm
Quoting MikuSS
{quote} Glad to hear that I am not alone. Seems like the market is going nowhere recently for some reason.
Could be the impending end of financial year.
  • #5,626
  • Jun 25, 2018 3:51pm Jun 25, 2018 3:51pm
Quoting Svolacius
Cannot go to sleep while not understanding this setup completely. Could anyone elaborate? Big Boss: Long term uptrend, price closed near the Strat Shadow after a significant drop down. That would indicate the short-term focus of the Big Boys. {image} Boss: Bullish Outside Bar at SS bottom resulted in a bullish impulse to the 1.57ish resistance together with WCC top and SS. Price was rejected from the zone (indicated by arrow). That would seem to me like Big Boys would continue last month's move south. {image} Worker: June 19th's and last Friday's...
Maybe you have developed a SELL bias on this pair? BEWARE!!!

I would have only considered a short entry on this pair with a Worker close below the Boss at 1.5536. Because we now have a close above this level this idea has been binned.

Maybe drop any ideas you have on this pair until next month? Don't go looking for trades.

Think WHY you want to sell this. If you don't know then you don't have a trade. Save your money.

PS don't lose any sleep over it. It is one of thousands of trades you will or will not take.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,627
  • Jun 25, 2018 4:52pm Jun 25, 2018 4:52pm
EURAUD

Quoting Svolacius
Cannot go to sleep while not understanding this setup completely. Could anyone elaborate? Big Boss: Long term uptrend, price closed near the Strat Shadow after a significant drop down. That would indicate the short-term focus of the Big Boys. {image} Boss: Bullish Outside Bar at SS bottom resulted in a bullish impulse to the 1.57ish resistance together with WCC top and SS. Price was rejected from the zone (indicated by arrow). That would seem to me like Big Boys would continue last month's move south. {image} Worker: June 19th's and last Friday's...
PRICE is moving up to resistance on all 3 time frames.

Unless you are already in a trade on this pair, there is nothing to do but WAIT for PASR

If you can't figure out a pair, WALK AWAY and come back later - maybe it will be clearer then - but do not procrastinate or worry yourself.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,628
  • Jun 25, 2018 4:54pm Jun 25, 2018 4:54pm
Quoting Rub
{quote} Could be the impending end of financial year.
Year end in June?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,629
  • Jun 25, 2018 5:40pm Jun 25, 2018 5:40pm
Don't mess with Strat!

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 3 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,630
  • Jun 25, 2018 6:02pm Jun 25, 2018 6:02pm
Quoting strat
Don't mess with Strat! {image}
Good to see his back......
Time always comes before price
  • #5,631
  • Jun 25, 2018 6:44pm Jun 25, 2018 6:44pm
EURUSD

""IF"" EW theory is correct and ""IF"" PRICE follows EW theory:

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 39 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,632
  • Jun 25, 2018 7:21pm Jun 25, 2018 7:21pm
EURNZD

BB

Attached Image (click to enlarge)
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  1. Have not break the LL around 1.613 so the uptrend still intact


B

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 74 KB

 

  1. Still supported by strat shadow
  2. On 20ema for current, way above wcc
  3. Last week BUEB


W

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 75 KB

 

  1. Using strat shadow as dynamic SR (or 1.68461 price if considering daily SR?), there is a BUEB for last closed candle
  2. SL is last support, 1.67769
  3. TP1 1.71267, TP2 1.7223
  4. RRR is not good with TP1


Any feedback is appreciated.

  • #5,633
  • Jun 25, 2018 7:36pm Jun 25, 2018 7:36pm
Quoting Svolacius
Cannot go to sleep while not understanding this setup completely. Could anyone elaborate? Big Boss: Long term uptrend, price closed near the Strat Shadow after a significant drop down. That would indicate the short-term focus of the Big Boys. {image} Boss: Bullish Outside Bar at SS bottom resulted in a bullish impulse to the 1.57ish resistance together with WCC top and SS. Price was rejected from the zone (indicated by arrow). That would seem to me like Big Boys would continue last month's move south. {image} Worker: June 19th's and last Friday's...
Hi, Svolacius

Yesterday I also considered to enter a SHORT on this pair. But it wasn't filled.

My suggestion is:

  1. Keep an open mind and be flexible WITHOUT bias.
  2. Don't complicate a very easy and simple method.
  3. Don't rush things, be patient and wait the best trade set-up.
  4. see post 5581

Regards

Cj

Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,634
  • Jun 25, 2018 8:51pm Jun 25, 2018 8:51pm
Quoting huatzhi
EURNZD BB {image} Have not break the LL around 1.613 so the uptrend still intact B {image} Still supported by strat shadow On 20ema for current, way above wcc Last week BUEB W {image} Using strat shadow as dynamic SR (or 1.68461 price if considering daily SR?), there is a BUEB for last closed candle SL is last support, 1.67769 TP1 1.71267, TP2 1.7223 RRR is not good with TP1 Any feedback is appreciated.
Hi, huazhi

Big Boss
Have not break the LL around 1.613 so the uptrend still intact
I don't think the uptrend still is intact. It is CONSOLIDATION, no trend.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB

Boss
Last week BUEB
This is the only good thing, but didn't break the WCC. The WCC still controled the next candle.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 44 KB

Worker
As the price is in RANGE, we can use BASIC PASR TRADE.
So I think the entry is valid. but KEEP CAUTION.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 43 KB


Just my own opinion.

Good luck

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,635
  • Jun 25, 2018 9:10pm Jun 25, 2018 9:10pm
Quoting strat
EURUSD ""IF"" EW theory is correct and ""IF"" PRICE follows EW theory: {image}
Worker
Double bottom
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily - 20180626.png Size: 53 KB

H4
enter on H4. Signal candle which is CLOSED above the Strat Shadow.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 - 20180626.png Size: 38 KB


thanks

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,636
  • Jun 25, 2018 11:24pm Jun 25, 2018 11:24pm
Quoting BeyondTheSea
{quote} Maybe you have developed a SELL bias on this pair? BEWARE!!! I would have only considered a short entry on this pair with a Worker close below the Boss at 1.5536. Because we now have a close above this level this idea has been binned. Maybe drop any ideas you have on this pair until next month? Don't go looking for trades. Think WHY you want to sell this. If you don't know then you don't have a trade. Save your money. PS don't lose any sleep over it. It is one of thousands of trades you will or will not take.
Could be a sign of bias, yes, but only because of the Price Action that I am seeing. I am not trading this pair and not looking to as I already have a number of trades that I'm still in and observing how they play out. I'll wait and see how the Big Boss closes this week.
  • #5,637
  • Jun 25, 2018 11:27pm Jun 25, 2018 11:27pm
Quoting strat
EURAUD {quote} PRICE is moving up to resistance on all 3 time frames. Unless you are already in a trade on this pair, there is nothing to do but WAIT for PASR If you can't figure out a pair, WALK AWAY and come back later - maybe it will be clearer then - but do not procrastinate or worry yourself.
That's what I'll do - I will wait. Maybe it's the way I am - trying to understand everything to the smallest detail even if it means worrying myself for not understanding it.
  • #5,638
  • Jun 26, 2018 12:19am Jun 26, 2018 12:19am
Quoting strat
{quote} Year end in June?
Financial year. I reckon even the big boys have to do their tax.

Looks like everyone covered my thoughts on EUR/AUD. I would not be shorting it at the moment.

Quoting huatzhi
EURNZD BB {image} Have not break the LL around 1.613 so the uptrend still intact B {image} Still supported by strat shadow On 20ema for current, way above wcc Last week BUEB W {image} Using strat shadow as dynamic SR (or 1.68461 price if considering daily SR?), there is a BUEB for last closed candle SL is last support, 1.67769 TP1 1.71267, TP2 1.7223 RRR is not good with TP1 Any feedback is appreciated.
EUR/NZD and EUR/AUD supposedly tend to move together. However I agree with Cj.cn, it is currently ranging and should be treated as a PASR trade from the bottom of a WCC, and reassess after the week end.
  • #5,639
  • Jun 26, 2018 12:43am Jun 26, 2018 12:43am
Quoting huatzhi
EURNZD BB {image} Have not break the LL around 1.613 so the uptrend still intact B {image} Still supported by strat shadow On 20ema for current, way above wcc Last week BUEB W {image} Using strat shadow as dynamic SR (or 1.68461 price if considering daily SR?), there is a BUEB for last closed candle SL is last support, 1.67769 TP1 1.71267, TP2 1.7223 RRR is not good with TP1 Any feedback is appreciated.
BB is at top range
B in a leg up at the middle of its range (150 pips to the top)
W : up, broke WCC
May be there was an opportunity to enter long on H4
  • #5,640
  • Jun 26, 2018 3:37am Jun 26, 2018 3:37am
EURSGD M5 entered after SR 1.59207 was broken and retested.
Attached Image (click to enlarge)
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