AUDCAD
huatzhi, you have received excellent comments from An Lie88 and Mhons so please take note of them.
An Lie88 and Mhons - thank you for commenting and HELPING your fellow trader in the Spirit of this thread - TRADERS HELPING TRADERS.
Just a few more comments:
BB - Monthly
Strong shooting star on March followed by last month big bearish bar showing strong bearish momentum. Current month is landing on the support. Dominant trend is still ranging as the price has not yet breaking the support/ranging low.
Good, but you missed the most important part on that chart. Go back and take another look at the Big Boss. Even though the Big Boss candle is not complete (CLOSED), the message is very clear. The candle is a doji star telling us that the sellers sold down to support where there where BUYERS willing to buy at that level and push PRICE up. Make sure you can SEE and UNDERSTAND that because everything from there follows the Big Boss.
B - Weekly
Red strat shadow is still expanding.
Currently is still on down trend, however, whether it still continue or not is unknown.
Price had hit a support and bouncing back quite a bit on opening candle and last closed candle.
Red strat shadow is still expanding.
Be very careful with this. WE DO NOT TRADE THE STRAT SHADOW - we ONLY use it as one of our tools in PASR.
Price had hit a support and bouncing back quite a bit on opening candle and last closed candle.
You got this correct but did not USE IT in your analysis. The Big Boss already told you this. The Boss is doing exactly what the Big Boss instructed - every time frame from the Big Boss down will do as the Big Boss instructs! Since you have confirmation from the Boss of the Big Boss's orders, everything you look at should be for LONG positions.
All and any information on the Worker which CONTRADICTS the Big Boss and Boss should be ignored!
I suggest you read, learn and UNDERSTAND again, my POWER OF TIME FRAMES.
Thank you for posting and don't be discouraged.
DislikedAUDCAD BB - Monthly {image} Strong shooting star on March followed by last month big bearish bar showing strong bearish momentum. Current month is landing on the support. Dominant trend is still ranging as the price has not yet breaking the support/ranging low. B - Weekly {image} Red strat shadow is still expanding. Currently is still on down trend, however, whether it still continue or not is unknown. Price had hit a support and bouncing back quite a bit on opening candle and last closed candle. W - Daily {image} An unconfirmed Shooting Star on...Ignored
An Lie88 and Mhons - thank you for commenting and HELPING your fellow trader in the Spirit of this thread - TRADERS HELPING TRADERS.
Just a few more comments:
BB - Monthly
Strong shooting star on March followed by last month big bearish bar showing strong bearish momentum. Current month is landing on the support. Dominant trend is still ranging as the price has not yet breaking the support/ranging low.
Good, but you missed the most important part on that chart. Go back and take another look at the Big Boss. Even though the Big Boss candle is not complete (CLOSED), the message is very clear. The candle is a doji star telling us that the sellers sold down to support where there where BUYERS willing to buy at that level and push PRICE up. Make sure you can SEE and UNDERSTAND that because everything from there follows the Big Boss.
B - Weekly
Red strat shadow is still expanding.
Currently is still on down trend, however, whether it still continue or not is unknown.
Price had hit a support and bouncing back quite a bit on opening candle and last closed candle.
Red strat shadow is still expanding.
Be very careful with this. WE DO NOT TRADE THE STRAT SHADOW - we ONLY use it as one of our tools in PASR.
Price had hit a support and bouncing back quite a bit on opening candle and last closed candle.
You got this correct but did not USE IT in your analysis. The Big Boss already told you this. The Boss is doing exactly what the Big Boss instructed - every time frame from the Big Boss down will do as the Big Boss instructs! Since you have confirmation from the Boss of the Big Boss's orders, everything you look at should be for LONG positions.
All and any information on the Worker which CONTRADICTS the Big Boss and Boss should be ignored!
I suggest you read, learn and UNDERSTAND again, my POWER OF TIME FRAMES.
Thank you for posting and don't be discouraged.
15 YEARS OF PASR ON FOREX FACTORY!
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