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  • #6,981
  • Sep 21, 2018 6:27am Sep 21, 2018 6:27am
Quoting bistolis
Good morning. Pre London trade and contnuation at London open (unfortunately not awake, too early here in Portugal) {image} Final target would be 1.32 Update: not quite making it ,I would have closed on the doji (30 +25 for the pip count) {image} very similar action across the GBP pairs this morning I appreciate any comments. It has been a long time only reading on the thread. I hope I can participate more from now on. thanks for everything so far
Hi Bistolis

Great to see you posting.

I am not a London time zone trader so is I am incorrect somebody tell me.

On 5m PASR trading the London session we need to let London establish a direction first then take a position on the pull back into the shadow. I am not sure on the time zone for Portugal but I think it is similar to mine. We trade the US session... Here we take the continuation of the trend that London established. Watch for pull back into Shadow, PASR, then take position with the continuation of the trend.

Have a great weekend. Summer approaching for you... Winter for me.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,982
  • Sep 21, 2018 6:34am Sep 21, 2018 6:34am
GBPNZD M15 PASR Trend Trading:




Happy Trading,
Yomi.
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Time always comes before price
  • #6,983
  • Sep 21, 2018 6:40am Sep 21, 2018 6:40am
Quoting Rufus
{quote} Hi Bistolis Great to see you posting. I am not a London time zone trader so is I am incorrect somebody tell me. On 5m PASR trading the London session we need to let London establish a direction first then take a position on the pull back into the shadow. I am not sure on the time zone for Portugal but I think it is similar to mine. We trade the US session... Here we take the continuation of the trend that London established. Watch for pull back into Shadow, PASR, then take position with the continuation of the trend. Have a great weekend....
Actually Portugal is on the same as French time, winter is coming for everyone... except Australia and NZ
  • #6,984
  • Sep 21, 2018 6:44am Sep 21, 2018 6:44am
Quoting Rufus
{quote} Hi Bistolis Great to see you posting. I am not a London time zone trader so is I am incorrect somebody tell me. On 5m PASR trading the London session we need to let London establish a direction first then take a position on the pull back into the shadow. I am not sure on the time zone for Portugal but I think it is similar to mine. We trade the US session... Here we take the continuation of the trend that London established. Watch for pull back into Shadow, PASR, then take position with the continuation of the trend. Have a great weekend....
hi
I am focusing exclusively on London session , especially the first 4-5 hours , since I can monitor while working ( which allows me to watch price action when I have some time free to enjoy my time)
mostly I am trying to jump in on that kind of price action I was showing on my chart
1. when there is some kind of sideways action overnight. (Asian session range, many times tight 30-50 pips for GBP)
2. away from the open of the day, which acts many times as SR for M5

At 08:00 Local time London I would enter
Attached Image (click to enlarge)
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Unfortunately I am not able to pay attention during those 5 hours and I am not comfortable putting trades above M15. So I just keep watching and learning when I am too busy wasting my time on my JOB

PS: a monster of a move thanks to the british politicians and media
  • #6,985
  • Sep 21, 2018 6:58am Sep 21, 2018 6:58am
Quoting darko2010
{quote} Actually Portugal is on the same as French time, winter is coming for everyone... except Australia and NZ

(Head Slap)…. I'm on the wrong continent.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,986
  • Sep 21, 2018 7:11am Sep 21, 2018 7:11am
Quoting TerryDawe
{quote} Worker is clearly at resistance, so a pullback is more probable than a continued move up at this location. Any low time frame trades should be taken on the short side. Many good short entry opportunities on this one if trading the short time frames, but definitely not long. {image} {image}
Thank You, everybodys good advice has been amplified by the torrent short that followed, RIP sterling bulls
  • #6,987
  • Sep 21, 2018 7:14am Sep 21, 2018 7:14am
EURAUD - Swing high on the Boss? (if it closes in that configuration today) ?
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  • #6,988
  • Sep 21, 2018 7:28am Sep 21, 2018 7:28am
EUR JPY M5

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  • #6,989
  • Edited 9:09am Sep 21, 2018 7:54am | Edited 9:09am
AUDCAD

Quoting huatzhi
{quote} Thanks Strat. I had misunderstood that only closed candle should be used to decide the trade. Here is what in my mind right now. We do not trade the opening candle that show us PASR as it could change. However, we do read momentum from opening candle on BB and B. When they are align, we should only be trading that direction. When they are not align, we should stay out of that pair for the moment. Am I understand it right? Thanks Mhons and AnLie88 for the comment as well. I also found that I am weighted my analysis from the lower time frame...
No, huatzhi, you did not misunderstand.

CLOSED CANDLES are the heart of PASR.

PASR only analyses and trades CLOSED CANDLES

When you have many year's of PASR experience you will be able to SEE and UNDERSTAND the Big Boss doji star without waiting for it to CLOSE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,990
  • Edited 9:12am Sep 21, 2018 8:54am | Edited 9:12am
EURUSD

Quoting Suran
EUR/USD a chart to watch ? BIG BOSS Last month hits a Hammer at BIG BOSS support zone. Now it looks trying to break long. {image} BOSS. Price looks like broke above the Strat Shadow resistance and downward trend line. Lets wait for weekly close to see whats happening. {image} Worker Price broke above downward resistance line (looks like this resistance there from (09/2017). But importantly it closed above strat shadow.{image} Verdict => eventhough all looks like Bullish lets wait to see price comes back and retest strat shadow (or retest the trend...
Suranga, you have received very useful feedback from Mhons, Malu and Rub so take note of them.

Mhons, Malu and Rub - thank you for helping your fellow trader - TRADERS HELPING TRADERS

Very good analysis - now let's get you to the "next level" on The Path.

BIG BOSS
Last month hits a Hammer at BIG BOSS support zone. Now it looks trying to break long.

First, THANK YOU for spelling out "BIG BOSS" instead of others posting "BB". I can only imagine the frustration of non-English speaking traders trying to understand what "BB" means.

Now it looks trying to break long.

What is ""it""?

Your chart is missing a very important support level as indicated by the blue rectangle on my chart.

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BOSS.
Price looks like broke above the Strat Shadow resistance and downward trend line. Lets wait for weekly close to see whats happening.

Price

Way to go, Suranga 9 out of 10! You would have got 10 out of 10 if you had written PRICE in capitals and made it bold. Why?

PRICE is THE most important ACTION in PASR and PASR trading. We trade PRICE - nothing else.

You have a wonderful comment from Rub on your "trend line" - please heed it.

Years ago, like so many rank amateurs, I used to add trend lines to my charts. I once had so many that PRICE would ALWAYS hit one of them and, when it did, I was so confused, I did not know what to do next.

Over the years, as I learned MORE about the POWER of my Strat Shadow, I realised the Strat Shadow itself created its own trend line. Yes, trend lines are useful, IF USED CORRECTLY, especially on pull backs/retraces to trends BUT when you SEE the Strat Shadow already doing that for you, they become surplus.

Lets wait for weekly close to see whats happening.

Excellent, young man!

Now, pay attention to the 200 ema and SEE what PRICE is doing at/around it.

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Worker
Price broke above downward resistance line (looks like this resistance there from (09/2017). But importantly it closed above strat shadow.

downward resistance line

See comments above.

Also, as I have posted many times, trend lines and horizontal lines are STATIC levels - the Strat Shadow is DYNAMIC and moves with PRICE and identifies DYNAMIC support and resistance.

Before the smart ass lurkers, trolls and self appointed gurus comment that the Strat Shadow is lagging, we KNOW that but PASR does not trade the Strat Shadow; PASR trades PRICE and the Strat Shadow is one of the many tools used to evaluate and analyse PRICE

But importantly it closed above strat shadow

Suranga, 9 out of 10! You would have got 10 out of 10 if you had written PRICE in capitals and made it bold istead of "it".

Now, pay attention to the 200 ema and SEE what PRICE is doing at/around it.

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Verdict => even though all looks like Bullish lets wait to see price comes back and retest strat shadow (or retest the trend line) and gives us a PA candle.

Verdict
You make PASR sound like "Judge and Jury". A better word would be "Conclusion"

lets wait to see price comes back and retest strat shadow (or retest the trend line) and gives us a PA candle.

Exactly, except for the "trend line"

Nicely done, Suranga.

On another topic, what happened to the kitten which you rescued?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,991
  • Sep 21, 2018 8:57am Sep 21, 2018 8:57am
Quoting bistolis
{quote} hi I am focusing exclusively on London session , especially the first 4-5 hours , since I can monitor while working ( which allows me to watch price action when I have some time free to enjoy my time) mostly I am trying to jump in on that kind of price action I was showing on my chart 1. when there is some kind of sideways action overnight. (Asian session range, many times tight 30-50 pips for GBP) 2. away from the open of the day, which acts many times as SR for M5 At 08:00 Local time London I would enter {image} Unfortunately I am not...
On the right track. Was this a real trade?

Trading real money on 5m is totally different to marking a chart afterwards, though. Its a bit like betting on a horse after it's won and the race is finished.

Plenty of opportunities for the focused traders out there..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,992
  • Sep 21, 2018 9:03am Sep 21, 2018 9:03am
Quoting BeyondTheSea
{quote} On the right track. Was this a real trade? Trading real money on 5m is totally different to marking a chart afterwards, though. Its a bit like betting on a horse after it's won and the race is finished. Plenty of opportunities for the focused traders out there..
thank you BTS but not a real trade.
I posted what I saw when I opened my laptop for work.
I had been using a real account for my first year trying to trade M5, and losing 15% of the account more or less in 2 months( around 125-130 euros of loss).
  • #6,993
  • Sep 21, 2018 9:05am Sep 21, 2018 9:05am
Slaving away for The Man and you come home and see this baby!!

Attached Image (click to enlarge)
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,994
  • Sep 21, 2018 9:06am Sep 21, 2018 9:06am
Quoting BeyondTheSea
Slaving away for The Man and you come home and see this baby!! {image}
Slaving away lol
  • #6,995
  • Sep 21, 2018 9:07am Sep 21, 2018 9:07am
Quoting bistolis
{quote} thank you BTS but not a real trade. I posted what I saw when I opened my laptop for work. I had been using a real account for my first year trying to trade M5, and losing 15% of the account more or less in 2 months( around 125-130 euros of loss).
Then leave it and use your experience to trade using higher time frames. I would if I lived in a sunny country!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,996
  • Edited 12:01pm Sep 21, 2018 9:17am | Edited 12:01pm
PASR POWER OF TIME FRAMES

Quoting huatzhi
{quote} Thanks Strat. I had misunderstood that only closed candle should be used to decide the trade. Here is what in my mind right now. We do not trade the opening candle that show us PASR as it could change. However, we do read momentum from opening candle on BB and B. When they are align, we should only be trading that direction. When they are not align, we should stay out of that pair for the moment. Am I understand it right? Thanks Mhons and AnLie88 for the comment as well. I also found that I am weighted my analysis from the lower time frame...
I also found that I am weighted my analysis from the lower time frame too much after I re-read our discussion

This tells me you need to go back and re-read, learn and UNDERSTAND the POWER OF TIME FRAMES

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,997
  • Sep 21, 2018 9:32am Sep 21, 2018 9:32am
PASR

Quoting Malu
{quote} Thanks for the encouragement. And it is correct that 1 year is over soon. Crazy how time is running. Looking back I have to say that I did learn a lot - we human beings tend to "see" more the negative things, but we also have to focus on our strengths and concentrate on that. And I accepted that The Path is a marathon - with all ups and downs!
Looking back I have to say that I did learn a lot

""did"" - past tense - are you leaving The Path or is it a language issue?

Always take time to stop trading and look back and re-fresh what you have learned. It will surprise you. I do it all the time.

we human beings tend to "see" more the negative things

Yes indeed! Focus on the POSITIVE and surround yourself with POSITIVE, FORWARD THINKING people. IGNORE all those with negative attitudes and negative persona. This is exactly what I try to do with this thread - surround us with POSITIVE, FORWARD THINKING people which is why you see me immediately IGNORE those who try to bring any negativity here.

focus on our strengths and concentrate on that

Yes, but also focus on your weaknesses to correct them and put them into your "strength" column.

And I accepted that The Path is a marathon - with all ups and downs!

If only others on here would have your logic and common sense
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,998
  • Sep 21, 2018 10:09am Sep 21, 2018 10:09am
Quoting strat
PASR {quote} Looking back I have to say that I did learn a lot ""did"" - past tense - are you leaving The Path or is it a language issue?
It is a language issue.
Wanted to say that I learned a lot the last year, but of course still here to learn more.
So I didn’t leave the path.
  • #6,999
  • Sep 21, 2018 10:26am Sep 21, 2018 10:26am
GBPUSD M5 PASR Trend Trading

Quoting bistolis
Good morning. Pre London trade and continuation at London open (unfortunately not awake, too early here in Portugal) {image} Final target would be 1.32 Update: not quite making it ,I would have closed on the doji (30 +25 for the pip count) {image} very similar action across the GBP pairs this morning I appreciate any comments. It has been a long time only reading on the thread. I hope I can participate more from now on. thanks for everything so far
Bistolis, it is really good to see you posting again but why so long after your July 1st, 2018 post?

Final target would be 1.32 Update: not quite making it ,I would have closed on the doji

Armchair, after the fact simulation, is very important for PASR traders to TRAIN their brain what to look for and SEE especially in PASR Trend Trading.

So, had you been at your computer and actually trading:

Your entry is 100% correct.

When you have gained PASR M5 Trend Trading experience you will SEE that there is an excellent candle from which to add another short position

I don't use targets much in any of my trading especially PASR Trend Trading as I have no idea where the Big Boys are REALLY taking PRICE.

You could have taken around 20 or so measly pips at the first Hammer and then re-entered.

The next Hammer you identified is important to UNDERSTAND.

There are TWO IMPORTANT aspects of this Hammer:

The first is that PRICE CRASHED through ALL support levels in a rip roaring, PULSATING fashion telling us that the Big Boys were in a hurry to take PRICE lower.

The second is that, having seen the size of that Hammer and, then SEEING PRICE being pulled back (as profits are being taken), we immediately CLOSE and get out at the best PRICE possible.

Attached Image (click to enlarge)
Click to Enlarge Name: GU short.JPG Size: 184 KB


From where your chart ended, PRICE was PULSING and DRIVING its way DOWN and was EASY MONEY for those who UNDERSTAND how to use the Strat Shadow in PASR Trend Trading

I have marked up where PASR traders in the London time zone would have entered

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By the time I got to my charts, 7am Pacific Daylight Time, I saw the trend already fizzling out. I entered at the black boxed arrow expecting PRICE to move down to the blue dashed line which is the WORKER STRAT SHADOW. It didn't quite make it so I closed it out as the PRICE momentum fizzled out and started pulling back. So, only a measly, pathetic 18 pips for me compared to the 210 pips or so London PASR traders would have banked.

It has been a long time only reading on the thread. I hope I can participate more from now on. thanks for everything so far

Reading, learning and UNDERSTANDING is good but to REALLY progress and accelerate your PASR learning you need to start REAL trading with REAL, HARD EARNED money or, at the very least, paper trading.

I hope

""hope"" is only imaginative dreaming! "DOING" is action and participating.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,000
  • Sep 21, 2018 10:30am Sep 21, 2018 10:30am
[quote=bistolis;11504064]{quote} click on quote and open on new tab so that you can copy the ID :
Quoting Suran
in this case and then close each quote with /quote], you can copy paste the full text or not. the link will lead you to each post you are referring to with the quote anyway
Thank you for helping your fellow trader - TRADERS HELPING TRADERS
15 YEARS OF PASR ON FOREX FACTORY!
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