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Strat's PASR Long Term, Stress Free Trading

  • #6,361
  • Aug 20, 2018 12:41am Aug 20, 2018 12:41am
Quoting Svolacius
{quote} Hello Eurotrader, I can't see where you see that Strat implies taking a long trade on AUD/USD. The hammer indeed has resistance nearby and I would not advise to take a long trade right now. Strat called it "strong hammer" because it formed on a significant support level, but did not give any advice to go long or short. At least that's how I understood it.
Morning Svolacius,

I guess you're right but my questions come because I saw Strat draw a support at 0.71605 and a resistance at 0.72933 in post #6332
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But in the second post (the one which he replied to you) he posted different levels of support (with a new one) and didn't draw the resistance level above, so that got me confused.
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IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #6,362
  • Aug 20, 2018 1:27am Aug 20, 2018 1:27am
Quoting Eurotrader17
{quote} Morning Svolacius, I guess you're right but my questions come because I saw Strat draw a support at 0.71605 and a resistance at 0.72933 in post #6332 {image} But in the second post (the one which he replied to you) he posted different levels of support (with a new one) and didn't draw the resistance level above, so that got me confused. {image}
Yes, I also stumbled on these charts and compared them for some time. First chart shows support and resistance nearby with two lines. Second chart, because it was addressed only to the support level and hammer, had only the support zone drawn. I guess Strat did that so the resistance level would not confuse anyone when talking about the specific support level and PA candle on it.
  • #6,363
  • Aug 20, 2018 3:05am Aug 20, 2018 3:05am
Hello everyone, I have a question: I have two broker, one of which is in US close candle, and when I look at EUR/AUD on both brokers with the same parameters the EMA 200, is not at all in the same place.

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How do you explain that?


Besides, for a Frenchman like me, would you have any brokers US close candle to advise me? Mine doesn't have many currency pairs.
  • #6,364
  • Aug 20, 2018 3:07am Aug 20, 2018 3:07am
Quoting landax
Hello everyone, I have a question: I have two broker, one of which is in US close candle, and when I look at EUR/AUD on both brokers with the same parameters the EMA 200, is not at all in the same place. {image} {image} How do you explain that? Besides, for a Frenchman like me, would you have any brokers US close candle to advise me? Mine doesn't have many currency pairs.
The moving average is an average of the close prices over 200 candles.
If the close is different the MA will be different.
Study enough and it all starts looking like the Matrix...
  • #6,365
  • Aug 20, 2018 3:10am Aug 20, 2018 3:10am
Quoting samsonwebdes
{quote} The moving average is an average of the close prices over 200 candles. If the close is different the MA will be different.
I understand better now, thank you Samsonwebdes !
  • #6,366
  • Aug 20, 2018 3:19am Aug 20, 2018 3:19am
in addition, there is also a WCC on the pair
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Frank
  • #6,367
  • Aug 20, 2018 3:42am Aug 20, 2018 3:42am
I have Question; do you only enter trade in the direction of Big boss & boss base on price action at resistance?
What happen when price hit a Support and price action suggest a move against the trend (big boss and boss) can one take the trade?
  • #6,368
  • Aug 20, 2018 4:05am Aug 20, 2018 4:05am
Quoting menek
I have Question; do you only enter trade in the direction of Big boss & boss base on price action at resistance? What happen when price hit a Support and price action suggest a move against the trend (big boss and boss) can one take the trade?
I think it's advanced PASR
Frank
  • #6,369
  • Aug 20, 2018 10:41am Aug 20, 2018 10:41am
Hammer AUDUSD and EUR USD are acting resistance to buyers, So it seems to me.
Frank
  • #6,370
  • Aug 20, 2018 3:21pm Aug 20, 2018 3:21pm
Quoting windofmarch
Hammer AUDUSD and EUR USD are acting resistance to buyers, So it seems to me.
My opinion, sorry....
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Have a nice day
  • #6,371
  • Aug 20, 2018 4:34pm Aug 20, 2018 4:34pm
Quoting Svolacius
I got taken out of my EUR/USD trade. To my eyes it looks just like a trade that did not work - the cost of doing business. However, if some of you see something else - please share with me, so I could learn something new about this trade. My comments are attached in the image I post below. {image}
Generally but not always, once price has moved significantly away from the shadow and the 9sma, one can expect a retrace. On this pair the worker chart shows this to be the case with the addition of the long legged doji immediately following the BEEB at the bottom of the WCC. So even though a BEEB was printed, this was not a good case for a short.
The closer to the shadow you can enter a trade, the higher the probability of success. So in this case with the trend being down, watch for the completion of the current retrace with PA to get short.
Look at all the short entry signals in and around the bottom of the shadow since the middle of June.......
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  • #6,372
  • Edited Aug 21, 2018 2:10am Aug 20, 2018 11:00pm | Edited Aug 21, 2018 2:10am
Hello to all.
To go long I would have waited for the retest of the s / r area.
maybe there is an opportunity
EDIT: I was referring to AUD/USD AND EUR/USD
Frank
  • #6,373
  • Aug 20, 2018 11:44pm Aug 20, 2018 11:44pm
Quoting TerryDawe
{quote} Generally but not always, once price has moved significantly away from the shadow and the 9sma, one can expect a retrace. On this pair the worker chart shows this to be the case with the addition of the long legged doji immediately following the BEEB at the bottom of the WCC. So even though a BEEB was printed, this was not a good case for a short. The closer to the shadow you can enter a trade, the higher the probability of success. So in this case with the trend being down, watch for the completion of the current retrace with PA to get...
Great insight, thank you very much.
  • #6,374
  • Aug 21, 2018 12:29am Aug 21, 2018 12:29am
AUD/JPY - a trade iv just opened, lets see how it goes.

Weekly (BB) - Price at major support level
Daily (B)- Long wick hammer at support + BUEB the next day.
Big Boss and Boss both showing bullish signs. Was just waiting for the worker to do the same, which we just got.
4HR (W) - Price broke and closed above major S/R and consolidated above it, inside strat shadow. 4hr Bar just closed on my broker. A strong BUOB that breaks consolidation and closes above strat shadow.
- Seeing as its a counter trend trade i am only looking to trade it to first resistance, but will watch how it reacts to the 200ema on the 4hr, which is strat shadow on Daily chart.
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  • #6,375
  • Aug 21, 2018 4:51am Aug 21, 2018 4:51am
EUR USD 1 h Trend Trading

Hello, was on a longer holiday but back now. So will try to post more in the future..
Took the position yesterday as the Boss (4 h) shows an uptrend since a few days.
Entry on the 1h chart was the hammer yesterday at midday.

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  • #6,376
  • Aug 21, 2018 9:11am Aug 21, 2018 9:11am
GBPJPY M15 PASR Trend Trading:



I looks for a momentum burst on a very short-term timeframes (M15), by way of breakout, BUT I don't normally trade the breakout, BUT I ONLY wait and trade the first pullback of the breakout. Thanks to:

* PASR Trend Trading Strategy.
* Strength.
* PA.
* Strat Shadow.
* Momentum.


Happpy Eid MUBARAK to our Muslim Brothers and Sisters here, wishing you and your family a very happy and blessed Eid.




Happy Trading,
Yomi.
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Time always comes before price
  • #6,377
  • Aug 21, 2018 2:32pm Aug 21, 2018 2:32pm
It has been kinda quiet here. Figured I'd fill you all in what I'm up to

Have a couple positions moving along nicely. But more importantly... My work on the business side of trading is coming along great. Rewriting my trading plan. Completely changing the trading journal. Also setting up a format to use as a plan each week for each currency pair.

A few weeks back while planning a construction job I realized I should be doing at least that much planning when it came to trading. I am liking the results. No more just plopping in front of the monitor and looking for positions in 20 some odd pairs. I'm a planner by nature and got lackadaisical with my trading planning.

Also, by the first of the year want to work one day less each week to focus on trading and paperwork. Eventually move that to two days. Gradually moving trading to the forefront of the income producer.

That's about it for now.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,378
  • Edited 2:59pm Aug 21, 2018 2:46pm | Edited 2:59pm
Evening everyone, just closed my GBP/JPY position which was a pretty good success. I am attaching the charts of before and after with the comments made before the trade. I think this trade was my longest held position and it was a very good lesson for dealing with the little people.
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  • #6,379
  • Aug 21, 2018 2:58pm Aug 21, 2018 2:58pm
I also like to analyze the Dollar Index chart, which in my opinion looks very interesting just as the last week of dollar strength was the last push from the Big Boys before selling it. Just like we saw many weeks of EUR/USD and GBP/USD long position accumulation on the Boss, the last push south could've been the right price for the big boys to short dollar. Of course, that's just my view on the markets that I noticed during couple of months during calm summer season.
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  • #6,380
  • Aug 21, 2018 4:17pm Aug 21, 2018 4:17pm
Quoting Svolacius
Evening everyone, just closed my GBP/JPY position which was a pretty good success. I am attaching the charts of before and after with the comments made before the trade. I think this trade was my longest held position and it was a very good lesson for dealing with the little people. {image} {image}
Good trading It's a whole new ball game holding onto them but that's where the money is
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