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Strat's PASR Long Term, Stress Free Trading

  • #5,701
  • Jul 1, 2018 6:06pm Jul 1, 2018 6:06pm
EURCAD

BB

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Supported by strat shadow
Overall still making higher high and higher low.
Strat shadow expanding though last HH is only abit higher (while it closed a lot higher).

B

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Resist by Psycho 1.55 but supported by strat shadow.

W

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BUOB
on strat shadow area,
on 1.5352 price that supported May 02 - May 08
on 50% italian ice cream man
on TL that started May 30
- SL 1.52 (last support)
- TP1 1.5472, SL move to BE
- TP2 1.55835
- TP3 Trailing SL with last swing low


Any comment is appreciated.
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  • #5,702
  • Jul 2, 2018 12:26am Jul 2, 2018 12:26am
Quoting brian661
{quote} Thanks strat and everyone comments and sorry to be late for reply as preparing for other examination. So now NZDUSD broke the support, and I will look for a retest on around 0.68321 the best case will be as the blue arrow on my graph. Another question, can I say this pair is impossible to enter long trade? As even we get a price action candle, such as BUEB next week on the weekly chart, the monthly chart will still show a 5 month bearish candles until next month candle closed. {image}
To go long at all I would want to see a very strong boss candle, the way I understand it big boss gives the big picture, boss allows refinements and tells direction of trades, and worker is where we place our trades.

Quoting huatzhi
EURCAD BB {image} Supported by strat shadow Overall still making higher high and higher low. Strat shadow expanding though last HH is only abit higher (while it closed a lot higher). B {image} Resist by Psycho 1.55 but supported by strat shadow. W {image} BUOB on strat shadow area, on 1.5352 price that supported May 02 - May 08 on 50% italian ice cream man on TL that started May 30 - SL 1.52 (last support) - TP1 1.5472, SL move to BE - TP2 1.55835 - TP3 Trailing SL with last swing low Any comment is appreciated. {image}
I don't see the price action entry. The last candle to me shows a big push up that go smacked right back down again. I would not enter that trade. Furthermore price is in a WCC.
  • #5,703
  • Jul 2, 2018 4:45am Jul 2, 2018 4:45am
Quoting Rub
{quote} To go long at all I would want to see a very strong boss candle, the way I understand it big boss gives the big picture, boss allows refinements and tells direction of trades, and worker is where we place our trades. {quote} I don't see the price action entry. The last candle to me shows a big push up that go smacked right back down again. I would not enter that trade. Furthermore price is in a WCC.
Completely agree with Rub. Rejection of bullish move tells me to watch this pair but in no way enter a long trade.
  • #5,704
  • Jul 2, 2018 6:24am Jul 2, 2018 6:24am
EURNZD - M5

Started my M5 trading day at London open as usual. Here I am looking at weakness in all NZD pairs and took EURNZD at breakout.
I am also Long on GBPNZD, Short on NZDCAD and already closed USDCAD short for +20 pips.
I set a target of 100 pips every London session which is very achievable on 4 days of the week. I have found you need at least one big night a week to average this amount but its essential I trade with multiple trades to reach my targets.
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Trading thin liquidity at the boundary of the charts
  • #5,705
  • Jul 2, 2018 6:58am Jul 2, 2018 6:58am
Quoting RickM
EURNZD - M5 Started my M5 trading day at London open as usual. Here I am looking at weakness in all NZD pairs and took EURNZD at breakout. {image}
EUR/NZD M5

Oi! Stop copying me! Er... I mean good trade

Aggressive entry on the breakout.

Missed the re-entry (or the 'correct' initial entry if I wasn't already in) at retrace - I have an 8 pip spread on this pair and wasn't happy putting myself underwater again with such a large spread - which is a general note for NZD pairs - I don't like the spreads (maybe I shouldn't trade them?)

Saw PA at 2nd target plus BRN 1.7300 plus EU lunch time/NY open volatility coming up and decided to get out for +42 pips. Looking like price is having another go at BRN as I write.
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  • #5,706
  • Jul 2, 2018 8:47am Jul 2, 2018 8:47am
GPB/USD M5 40 pips

Shooting Star under the resistance, so I took short because you can see an established trend in saw tooth!

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  • #5,707
  • Jul 2, 2018 9:07am Jul 2, 2018 9:07am
Quoting landax
GPB/USD M5 40 pips Shooting Star under the resistance, so I took short because you can see an established trend in saw tooth! {image}
Well done Landex.
Your entry candle was the BEEB before the one you've highlighted though but good entry.
Shooting stars need to be at the top of an upward move, not in the middle of a downward one don't forget. Nice 40 pips in the bank though.
Study enough and it all starts looking like the Matrix...
  • #5,708
  • Jul 2, 2018 9:14am Jul 2, 2018 9:14am
Quoting samsonwebdes
{quote} Well done Landex. Your entry candle was the BEEB before the one you've highlighted though but good entry. Shooting stars need to be at the top of an upward move, not in the middle of a downward one don't forget. Nice 40 pips in the bank though.
Yes that's right, the entry would have been better closer to the Strat shadow, and it's not the bank yet, I trade in demo until I have a good percentage of success.

Thank you for your return samsonwebdes
  • #5,709
  • Jul 2, 2018 10:08am Jul 2, 2018 10:08am
NZDCAD M5 PASR Trend Trading:


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




Happy Trading,
Yomi.
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Time always comes before price
  • #5,710
  • Jul 3, 2018 5:35am Jul 3, 2018 5:35am
M5 EUR/AUD and EUR/USD

A gain of 20 pips, after seeing the trend I came back in short after the Beeb

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But 20 pips of lost on EUR/USD I got back on Beeb Stratshadow after the trend and I was stop

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Well, at least I'm not lost money
  • #5,711
  • Jul 3, 2018 6:01am Jul 3, 2018 6:01am
How's everyone tonight - M5 Trading at London Open

Another good trading night for the first 4 hours but now getting a bit choppy. My star tonight a sell on USDCAD
Three trades on this pair and still live, I expect a strong turn soon.
Quite a few pairs tonight ran for around a hour then returned to starting point to for only a few pips return. I made a nice 30 pips with a Sell on EURNZD but as price was facing strong rejection, I closed trade.

I am looking at Selling GBPUSD soon.
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Trading thin liquidity at the boundary of the charts
  • #5,712
  • Jul 3, 2018 6:09am Jul 3, 2018 6:09am
Quoting landax
M5 EUR/AUD and EUR/USD A gain of 20 pips, after seeing the trend I came back in short after the Beeb {image} But 20 pips of lost on EUR/USD I got back on Beeb Stratshadow after the trend and I was stop {image} Well, at least I'm not lost money
Hi Landax

I am still in EURAUD trade and up 15 pips. Presently its being rejected for the last hour. Its having a really good think about moving somewhere.
I have just placed stop loss 2 pips higher up, can't be bothered watching the grass grow any longer.
Trading thin liquidity at the boundary of the charts
  • #5,713
  • Jul 3, 2018 7:33am Jul 3, 2018 7:33am
Some have thought I was crazy in the head now I may need to reconsider...was dealing with Vertigo for a while so not much posting and very little trading. I seem to be getting back to normal.

Should be getting back to the thread and regular programing...soon.

Learned some interesting things about myself and trading psychology recently I have been wanting to share. I hope soon to do so.

Have a good day all.

Dizzy Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,714
  • Jul 3, 2018 9:24am Jul 3, 2018 9:24am
Quoting Rufus
Some have thought I was crazy in the head now I may need to reconsider...was dealing with Vertigo for a while....
Hi Rufus (spinning top..),

get well soon, our prayers are with you..

TC
Focus, Patience, Discipline, Determination and Perseverance
  • #5,715
  • Jul 3, 2018 11:46am Jul 3, 2018 11:46am
Hello Strat, i have a question that i cant get an answer for myself.

When we are inside of the WCC and the price is bellow or above of the WCC (for example USDMXN), i want to short it but the other side of me is telling me that i cant short it anymore because we are already bellow of the WCC and the price can easy jump up because we still inside of WCC, and the broken of the WCC is when the weekly candle close above or bellow of it.

In a few words hehe, is a very risk trade short it when we are in a week that is WCC and the price is already bellow of the bottom of WCC?
  • #5,716
  • Jul 3, 2018 3:17pm Jul 3, 2018 3:17pm
Quoting HappyTrend
Hello Strat, i have a question that i cant get an answer for myself. When we are inside of the WCC and the price is bellow or above of the WCC (for example USDMXN), i want to short it but the other side of me is telling me that i cant short it anymore because we are already bellow of the WCC and the price can easy jump up because we still inside of WCC, and the broken of the WCC is when the weekly candle close above or bellow of it. In a few words hehe, is a very risk trade short it when we are in a week that is WCC and the price is already bellow...
If I'm understanding your question, yes.

Shorting a worker price action signal at the bottom of a WCC is risky.
  • #5,717
  • Jul 3, 2018 4:31pm Jul 3, 2018 4:31pm
Quoting HappyTrend
Hello Strat, i have a question that i cant get an answer for myself. When we are inside of the WCC and the price is bellow or above of the WCC (for example USDMXN), i want to short it but the other side of me is telling me that i cant short it anymore because we are already bellow of the WCC and the price can easy jump up because we still inside of WCC, and the broken of the WCC is when the weekly candle close above or bellow of it. In a few words hehe, is a very risk trade short it when we are in a week that is WCC and the price is already bellow...
Rub is correct. This tells me you don't really understand Weekly Control Candles and even less of PASR!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,718
  • Jul 3, 2018 4:55pm Jul 3, 2018 4:55pm
Quoting strat
{quote} Rub is correct. This tells me you don't really understand Weekly Control Candles and even less of PASR!
Well that was just a question, im not buying or selling when im at the top or bottom of the WCC hehe, but that question was in my mind for few weeks/months until today that i just wanted to confirm. I just wait for next week and if close bellow/above of WCC, now i wait for a good zone to buy or sell, then i check were is going to be my sl, where is going to be my tp, what R:R is going to be, when the candle that im looking for appears, then... lets go... hehe all this stuff is amazing.

And talking about "PASR"... once again, is amazing... now the candles have a "meaning" about buyers and sellers.

Im going to try to not ask, im doing my homework alone but if i have other question that i want to confirm, im going to ask it.

Thank you Rub and Strat for the answers.
  • #5,719
  • Jul 3, 2018 5:12pm Jul 3, 2018 5:12pm
Quoting HappyTrend
{quote} Well that was just a question, im not buying or selling when im at the top or bottom of the WCC hehe, but that question was in my mind for few weeks/months until today that i just wanted to confirm. I just wait for next week and if close bellow/above of WCC, now i wait for a good zone to buy or sell, then i check were is going to be my sl, where is going to be my tp, what R:R is going to be, when the candle that im looking for appears, then... lets go... hehe all this stuff is amazing. And talking about "PASR"... once again, is amazing......
In another post, I wrote:

"'Tell me and I forget,

Teach me and I may remember,

Involve me and I learn."

It seems you don't want to be involved in learning with your fellow students. Could it be that you ""think"" you are better than them?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,720
  • Jul 3, 2018 7:08pm Jul 3, 2018 7:08pm
Quoting strat
{quote} In another post, I wrote: "'Tell me and I forget, Teach me and I may remember, Involve me and I learn." It seems you don't want to be involved in learning with your fellow students. Could it be that you ""think"" you are better than them?
One of the things that why i love to trade... is because in here doesnt exist "real competitors"...

In the start of my journey like about 3 years and 6 months aprox ago i was (i think) like most new traders with "high ego" "selfish actitude" "bad emotions" etc etc... But in the path, i learn several and important things.

In my personal opinion the only person who can tell you if "you are better" is only you looking at the mirror.

---- I think is better if i post something important that i want to ask and not posting every trade because i know this is a Public Forum and in here are people that are very active and they deserve more your time than me.

I dont remember if in the begining i said that i dont like public forums because i can get confuse myself reading the other students stuff... I mean, i read every post but i put my 100% focus in all your post/answers, and when is an answer from other student, i go back to the post of that student and start reading.

I remember when i was kid 18 years ago, i went to chess tournaments and win... i got sponsor in here for learn with a Chess Master from Cuba. And He give me books and a chess table... and read/study and in the same time doing in the chess table the same movements from the book and learn from it.

I do more or less the same thing in here... i read all ur post, if is an answer, i read the post of the student and the same time i put the chart and go back to that day for understand what you are answering, and in that way im learning. ---

Thank you Strat for the Both Threads that u made, is Pure Gold.
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