DislikedAUDUSD {quote} trend is down base on the indicator. What ""indicator"". There is NO indicator in PASR and we do not analyse or make single trading decisions based on any indicator or toolIgnored
Strat's PASR Long Term, Stress Free Trading
Hi Strat and guys,
please let me introduce myself. I am a young man from Czech Republic. I have been looking at trading for a couple of years fiddling mainly with Ichimoku and discovering that I know nothing about price movement. Then I read both Strat threads and finally feel a bit of confidence to start trading. Have not decided yet whether it is going to be the 5 min trend trading or classic 3 timeframe PASR, will try out both. OK, enough with the small talk.
Here is a first couple of many questions (of course
)
1) Would a WCC top stop you from entering on the second candle in the blue rectangle in this case when the boss is in an upswing above diverging SS? Would you consider opening (adding to) a long position after the doji retest of the WCC top?
2) In the situation below candle 1 was WCC for 3 weeks then candle 3 broke out of its range. But it didnt break out of the range of candle 2. Do you consider nr. 2 a WCC controlling nr. 3 or not?
3) Money management question for M5 trading. Do you think it is better to set a max loss for the day in percent (say 2%) of the account and then calculate position size based on SL size. Or to say “OK I can afford to lose max 50 pips with with position size of 1 lot a day” and then pick trades until the 50 pips limit SL is used up? Second method would have you look more favourably on trades with small SL, which is a +.
Thanks for everything I am happy to be here.
please let me introduce myself. I am a young man from Czech Republic. I have been looking at trading for a couple of years fiddling mainly with Ichimoku and discovering that I know nothing about price movement. Then I read both Strat threads and finally feel a bit of confidence to start trading. Have not decided yet whether it is going to be the 5 min trend trading or classic 3 timeframe PASR, will try out both. OK, enough with the small talk.
Here is a first couple of many questions (of course
)1) Would a WCC top stop you from entering on the second candle in the blue rectangle in this case when the boss is in an upswing above diverging SS? Would you consider opening (adding to) a long position after the doji retest of the WCC top?
2) In the situation below candle 1 was WCC for 3 weeks then candle 3 broke out of its range. But it didnt break out of the range of candle 2. Do you consider nr. 2 a WCC controlling nr. 3 or not?
3) Money management question for M5 trading. Do you think it is better to set a max loss for the day in percent (say 2%) of the account and then calculate position size based on SL size. Or to say “OK I can afford to lose max 50 pips with with position size of 1 lot a day” and then pick trades until the 50 pips limit SL is used up? Second method would have you look more favourably on trades with small SL, which is a +.
Thanks for everything I am happy to be here.
Hi Strat and guys, please let me introduce myself. I am a young man from Czech Republic. I have been looking at trading for a couple of years fiddling mainly with Ichimoku and discovering that I know nothing about price movement. Then I read both Strat threads and finally feel a bit of confidence to start trading. Have not decided yet whether it is going to be the 5 min trend trading or classic 3 timeframe PASR, will try out both. OK, enough with the small talk. Here is a first couple of many questions (of course
2. I wouldn't consider 2 a WCC, only the first. With 3 closing outside I would look for trades short. I'm sure strat will answer this with the good oil though.
3. Money management is an individual thing, you've got to find what you are comfortable with, regardless if it's daily or 5 minute. Sorry it's not too helpful, but what works for me might not work for you.
I close my positions because im going to have an important travel in another country and i want to have my mind 100% on that. I back Sunday 19.
Thank you Strat for all your answers and studyng my trades of this week... i cant imagine how you are doing of greaat in trading. Watching only Daily Candles and that amount of points...
This was my P&L of this Week and i had some bad trades that i took by mistake and married it... (i didnt close it and open opposite... even when i saw the set up.. too bad for my side..)
From Tuesday 7 to Friday 10.
1,025.8 points.
In my intraday trading that would take several hours in front of charts...
Thank you Strat and im going back to be active at Monday 20 but im going to be in the celphone studyng from the hotel.
Thank you Strat for all your answers and studyng my trades of this week... i cant imagine how you are doing of greaat in trading. Watching only Daily Candles and that amount of points...
This was my P&L of this Week and i had some bad trades that i took by mistake and married it... (i didnt close it and open opposite... even when i saw the set up.. too bad for my side..)
From Tuesday 7 to Friday 10.
1,025.8 points.
In my intraday trading that would take several hours in front of charts...
Thank you Strat and im going back to be active at Monday 20 but im going to be in the celphone studyng from the hotel.
- #6,250
- Aug 10, 2018 9:04am Aug 10, 2018 9:04am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #6,251
- Edited 9:42am Aug 10, 2018 9:30am | Edited 9:42am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
EURAUD
Rub, I'm confused which is your Big Boss, Boss and Worker.
There is no PASR anywhere on your 3 charts to signal a short, in fact, PASR is indicating a LONG trade
Look at your EURAUD Weekly chart. Look at the first blue rectangle. The tail on that candle is showing support in an area of consolidation. Look at the next blue rectangle where you entered. Same thing - the tail is resting on support. All this indicates that there are BUYERS at these levels willing to buy.
Now look at your EURAUD Daily chart. That blue rectangle formed by the tails is confirming support AND, in confluence with 200 ema support.
Now look at your EURAUD H4 chart. Those blue rectangles are ALL support formed by those different tails ALL at levels of support.
Maybe you did this AFTER the beer and pizza?
Well here's one of the ones (all so far this last couple of weeks!) that didn't work out. Entered with a sell stop order on the 4hr chart, and pretty much never really got into profit. I don't see what bit me, so I'm chalking it up to shit happens. Also got stopped out on a attempt at basic PASR on EUR/NZD (wow, what a jump up), and my USD/JPY I posted earlier got stopped out by a few pips. Anyway time for homemade pizza and maybe a bevvy or two. Then some thinking over the weekend. {image} {image} {image}
There is no PASR anywhere on your 3 charts to signal a short, in fact, PASR is indicating a LONG trade
Look at your EURAUD Weekly chart. Look at the first blue rectangle. The tail on that candle is showing support in an area of consolidation. Look at the next blue rectangle where you entered. Same thing - the tail is resting on support. All this indicates that there are BUYERS at these levels willing to buy.
Now look at your EURAUD Daily chart. That blue rectangle formed by the tails is confirming support AND, in confluence with 200 ema support.
Now look at your EURAUD H4 chart. Those blue rectangles are ALL support formed by those different tails ALL at levels of support.
Maybe you did this AFTER the beer and pizza?
15 YEARS OF PASR ON FOREX FACTORY!
- #6,252
- Aug 10, 2018 9:41am Aug 10, 2018 9:41am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
EURNZD
Also got stopped out on a attempt at basic PASR on EUR/NZD (wow, what a jump up)
The only way you could have got stopped out is if you traded short but there is NO PASR to go short.
Did you see Terry's posts and mine on NZD pairs - Posts 6226, 6227 and 6235
Look at all that SUPPORT in the blue rectangle - PASR was ALREADY set up LONG 12 DAYS BEFORE that ""wow, what a jump up""
Well here's one of the ones (all so far this last couple of weeks!) that didn't work out. Entered with a sell stop order on the 4hr chart, and pretty much never really got into profit. I don't see what bit me, so I'm chalking it up to shit happens. Also got stopped out on a attempt at basic PASR on EUR/NZD (wow, what a jump up), and my USD/JPY I posted earlier got stopped out by a few pips. Anyway time for homemade pizza and maybe a bevvy or two. Then some thinking over the weekend. {image} {image} {image}
The only way you could have got stopped out is if you traded short but there is NO PASR to go short.
Did you see Terry's posts and mine on NZD pairs - Posts 6226, 6227 and 6235
Look at all that SUPPORT in the blue rectangle - PASR was ALREADY set up LONG 12 DAYS BEFORE that ""wow, what a jump up""
15 YEARS OF PASR ON FOREX FACTORY!
- #6,253
- Aug 10, 2018 9:46am Aug 10, 2018 9:46am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #6,254
- Aug 10, 2018 9:51am Aug 10, 2018 9:51am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
PASR
In addition to Rub's comments, where you are on The Path is far too early for you to be discussing Weekly Control Candles. Long before that you need to spend thousands of hours studying and practicing on thousands of charts followed up by gaining valuable experience PAPER TRADING Basic PASR
Hi Strat and guys, please let me introduce myself. I am a young man from Czech Republic. I have been looking at trading for a couple of years fiddling mainly with Ichimoku and discovering that I know nothing about price movement. Then I read both Strat threads and finally feel a bit of confidence to start trading. Have not decided yet whether it is going to be the 5 min trend trading or classic 3 timeframe PASR, will try out both. OK, enough with the small talk. Here is a first couple of many questions (of course
15 YEARS OF PASR ON FOREX FACTORY!
- #6,255
- Aug 10, 2018 9:53am Aug 10, 2018 9:53am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #6,257
- Aug 10, 2018 12:46pm Aug 10, 2018 12:46pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
EURAUD
Well, my chart looks nothing like yours!
{quote} Hm, seems that my and BeyondTheSea's view differs from what you see. From my point of view, the price was rejected multiple times while it was consolidating at 1.58 level. Boss showed a strong bearish candle after the long sideways move at the resistance. Worker also presented some PA candles at resistance from what I saw and marked. {image} {image}
15 YEARS OF PASR ON FOREX FACTORY!
