Time always comes before price
Strat's PASR Long Term, Stress Free Trading
- #7,102
- Sep 25, 2018 3:11pm Sep 25, 2018 3:11pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
GBPJPY M15 PASR Trend Trading:
Ka-Ching! Another 50 pips drop in the Yomi Piggy Bank. Great job, Yomi.
Here is what I SEE on my GBPJPY chart when I get to it at 7:30am Pacific Daylight Time. Had I stayed on it I could have entered with PASR on the 2 blue arrows but at that time I had switched to GBPNZD where I couldn't find an entry. No problem, tomorrow is another day.
What interests me is that the period between those 2 blue arrows is ""normally"" lunch time for New York where, in the past, PRICE ACTION would die. So, either New York has changed their lunch hour or they are not taking lunch meaning that HISTORY is not repeating itself in this case.
GBPJPY M15 PASR Trend Trading: Happy Trading, Yomi. {image}
Here is what I SEE on my GBPJPY chart when I get to it at 7:30am Pacific Daylight Time. Had I stayed on it I could have entered with PASR on the 2 blue arrows but at that time I had switched to GBPNZD where I couldn't find an entry. No problem, tomorrow is another day.
What interests me is that the period between those 2 blue arrows is ""normally"" lunch time for New York where, in the past, PRICE ACTION would die. So, either New York has changed their lunch hour or they are not taking lunch meaning that HISTORY is not repeating itself in this case.
15 YEARS OF PASR ON FOREX FACTORY!
- #7,103
- Sep 25, 2018 3:30pm Sep 25, 2018 3:30pm
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
Time always comes before price
- #7,104
- Sep 25, 2018 7:10pm Sep 25, 2018 7:10pm
XAGUSD SILVER If only my broker had silver {image}
However XAGUSD Silver seems to showed us what is coming next.
BB
The price is being supported and pushed back. In this rate it is going to form a hammer.
B
Boss follow. A BUEB appear after the doji.
W
4 BUEB, followed by a bullish momentum candle crossing 20ema and testing 14.5
The price is currently not in trend on BB. Another Bullish PA around this area can initiate a Basic PASR trade from here to BRN 18.5
These are what I see.
- #7,105
- Sep 25, 2018 7:40pm Sep 25, 2018 7:40pm
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,526 Posts
Hello Strat and team.
Tried an entry at the arrow about an hour after I drug myself out of bed tis morning. finally gave up on the position at about a whopping 10 pips profit when I had to get things ready for the day.
Seems I usually just look at the aftermath of London.
Tried an entry at the arrow about an hour after I drug myself out of bed tis morning. finally gave up on the position at about a whopping 10 pips profit when I had to get things ready for the day.
Seems I usually just look at the aftermath of London.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
{quote} I cannot see much stuff on gold right now as it is wobbling around 1200 doing nothing. The price is now stopped by 1200 BRN and doing nothing, probably preparing for next move that is yet to be decided. However XAGUSD Silver seems to showed us what is coming next. BB {image} The price is being supported and pushed back. In this rate it is going to form a hammer. B {image} Boss follow. A BUEB appear after the doji. W {image} 4 BUEB, followed by a bullish momentum candle crossing 20ema and testing 14.5 The price is currently not in trend on...
having a look at the Boss I agree that there was a BUEB last week. But I would like so see the Boss closing above the WCC (see chart)
Additionally I would like to see the down-swing confirmed - that didn't happen yet. So let's see where the weekly price closes.
Then maybe the Boss shows us the way....
Greetings, Malu
- #7,109
- Sep 26, 2018 6:34am Sep 26, 2018 6:34am
GBPJPY M15 PASR Trend Trading: Happy Trading, Yomi. {image}
I tried to trade on 15m trade and saw a setup that yomi may enter.
A break of resistance and enter at the first pull back candle.
While I after a few hour, there is still fail to getting higher but just up and down in a small range.
Finally I though I was wrong and get out at the long wick candle.
- #7,111
- Sep 26, 2018 6:44am Sep 26, 2018 6:44am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts | Online Now
- #7,112
- Sep 26, 2018 8:00am Sep 26, 2018 8:00am
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
Time always comes before price
- #7,114
- Sep 26, 2018 10:16am Sep 26, 2018 10:16am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts | Online Now
{quote} Maybe I am just scare to enter a trade right after I exit.
one more thing, your initial stop loss is waaaay too much
( by which I mean don't let PA go down there to stop you out. let PA show you where to exit if its going wrong )
- #7,115
- Sep 26, 2018 10:33am Sep 26, 2018 10:33am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #7,116
- Sep 26, 2018 10:37am Sep 26, 2018 10:37am
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
Time always comes before price
- #7,117
- Sep 26, 2018 10:50am Sep 26, 2018 10:50am
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
Time always comes before price
- #7,118
- Sep 26, 2018 11:31am Sep 26, 2018 11:31am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
XAGUSD SILVER
You have got some really good feedback from Rub and Malu so pay attention to them.
Thank you Rub and Malu for helping your fellow trader - TRADERS HELPING TRADERS
Echoing Rub's comment, that Big Boss candle is just a doji telling us that there is INDECISION caused by BALANCE and EQUILIBRIUM in PRICE. This means both buyers and sellers are happy with where PRICE is NOW. Either party will not do anything until there is something that triggers their next PRICE action.
From a pure technical and chartist perspective, and WITHOUT predicting the future, we can SEE that the huge move down from May 2011 to December 2015 is an Impulse Wave and, in EW THEORY, (if it is to be believed) is Wave 3.
From there we SEE PRICE in some sort of complex Wave 4 Correction. Has this Corrective Wave 4 finished? Who knows? I certainly don't and neither do ALL the EW, DOW, GANN and Harmonics self acclaimed ""experts"".
What I do know from technical charting which matches EW THEORY, and, if EW THEORY is ""correct"", is that Impulse Wave 5 down will not start UNTIL there is a CLOSE below the low of December 2015 - 13.62 PRICE.
Dropping down to the Boss and Worker shows us that there is a high probability, based on EW Theory, that the above analysis is ""correct""
So what should we expect from PRICE at this level? I can only GUESS but PASR does NOT trade "GUESSES". We do know, however, that PRICE can ONLY do one of 3 things at Support and Resistance:
CLOSE below it.
CLOSE above it.
Do nothing - just meander sideways in a directionless PRICE action.
From all the above, my GUESS is that PRICE will continue in corrective wave 4 UNTIL PRICE CLOSES below 13.62 OR, CLOSES above the August 2016 high of 20.77
We do KNOW for a FACT, however, that PRICE does NOT follow EW Theory, DOW Theory, GANN Theory, Harmonic Theory, John Doe Theory etc. PRICE is a LAW unto itself and does what the Market conditions and sentiment dictate. The aforementioned theories can ONLY FIT their theory AFTER PRICE ACTION has developed.
So, in conclusion, PASR traders do not trade EW Theory and instead, WAIT for PASR.
TRADE WHAT YOU SEE ON YOUR CHARTS
{quote} I cannot see much stuff on gold right now as it is wobbling around 1200 doing nothing. The price is now stopped by 1200 BRN and doing nothing, probably preparing for next move that is yet to be decided. However XAGUSD Silver seems to showed us what is coming next. BB {image} The price is being supported and pushed back. In this rate it is going to form a hammer. B {image} Boss follow. A BUEB appear after the doji. W {image} 4 BUEB, followed by a bullish momentum candle crossing 20ema and testing 14.5 The price is currently not in trend on...
Thank you Rub and Malu for helping your fellow trader - TRADERS HELPING TRADERS
Echoing Rub's comment, that Big Boss candle is just a doji telling us that there is INDECISION caused by BALANCE and EQUILIBRIUM in PRICE. This means both buyers and sellers are happy with where PRICE is NOW. Either party will not do anything until there is something that triggers their next PRICE action.
From a pure technical and chartist perspective, and WITHOUT predicting the future, we can SEE that the huge move down from May 2011 to December 2015 is an Impulse Wave and, in EW THEORY, (if it is to be believed) is Wave 3.
From there we SEE PRICE in some sort of complex Wave 4 Correction. Has this Corrective Wave 4 finished? Who knows? I certainly don't and neither do ALL the EW, DOW, GANN and Harmonics self acclaimed ""experts"".
What I do know from technical charting which matches EW THEORY, and, if EW THEORY is ""correct"", is that Impulse Wave 5 down will not start UNTIL there is a CLOSE below the low of December 2015 - 13.62 PRICE.
Dropping down to the Boss and Worker shows us that there is a high probability, based on EW Theory, that the above analysis is ""correct""
So what should we expect from PRICE at this level? I can only GUESS but PASR does NOT trade "GUESSES". We do know, however, that PRICE can ONLY do one of 3 things at Support and Resistance:
CLOSE below it.
CLOSE above it.
Do nothing - just meander sideways in a directionless PRICE action.
From all the above, my GUESS is that PRICE will continue in corrective wave 4 UNTIL PRICE CLOSES below 13.62 OR, CLOSES above the August 2016 high of 20.77
We do KNOW for a FACT, however, that PRICE does NOT follow EW Theory, DOW Theory, GANN Theory, Harmonic Theory, John Doe Theory etc. PRICE is a LAW unto itself and does what the Market conditions and sentiment dictate. The aforementioned theories can ONLY FIT their theory AFTER PRICE ACTION has developed.
So, in conclusion, PASR traders do not trade EW Theory and instead, WAIT for PASR.
TRADE WHAT YOU SEE ON YOUR CHARTS
15 YEARS OF PASR ON FOREX FACTORY!
- #7,119
- Sep 26, 2018 12:23pm Sep 26, 2018 12:23pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
EURUSD M5
Tried an entry at the arrow about an hour after I drug myself out of bed tis morning.
You were up at 5am? Make sure you are not Living to Trade!
finally gave up on the position at about a whopping 10 pips profit
Very good PASR entry and exit to squeeze 10 pips out of this but why were you trading at all?
Were you aware of all the RED news this week?
Why look at EURUSD when it is 18th out of 27 on my volatilty list?
Hello Strat and team. Tried an entry at the arrow about an hour after I drug myself out of bed tis morning. finally gave up on the position at about a whopping 10 pips profit when I had to get things ready for the day. Seems I usually just look at the aftermath of London. {image}
You were up at 5am? Make sure you are not Living to Trade!
finally gave up on the position at about a whopping 10 pips profit
Very good PASR entry and exit to squeeze 10 pips out of this but why were you trading at all?
Were you aware of all the RED news this week?
Why look at EURUSD when it is 18th out of 27 on my volatilty list?
15 YEARS OF PASR ON FOREX FACTORY!
- #7,120
- Edited 1:38pm Sep 26, 2018 1:19pm | Edited 1:38pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
GBPJPY M15 Trend Trading
Brian, you have got excellent feedback from Yomi and bistolis.
Thank you Yomi and bistolis for helping your fellow trader - TRADERS HELPING TRADERS
I tried to trade on 15m trade and saw a setup that yomi may enter
Brian, trying to ""copy"" someone else's strategy is never ""consistently profitable"" WITHOUT fully UNDERSTANDING it. Yomi is ""consistently profitable"" with it because he ""developed"" his entries and exits and style on and around my PASR Trend Trading Strategy after spending thousands of hours studying thousands of charts on it.
Have you spent thousands of hours studying thousands of charts studying ""MY"" PASR Trend Trading strategy?
Have you spent thousands of hours studying thousands of charts studying Yomi's style of ""MY"" PASR Trend Trading strategy?
Have you spent thousands of hours studying thousands of charts studying PASR?
Even when you are proficient in PASR, trading it LIVE at the Hard, Right Edge with REAL, hard earned money is a completely different experience.
This is EXACTLY why there is a LOGICAL learning progression on THE PATH. Read, learn and UNDERSTAND Basic PASR first before even attempting anything else.
The ""thousands of hours studying thousands of charts"" is not just a catch phrase I developed, it is FACT. Having become proficient in PASR, you need to do this for EACH TIME FRAME you are going to trade. This is so that you can TRAIN your trading brain to SEE PASR and how PRICE moves in and around the Strat Shadow until it is firmly locked in your trading memory allowing you to trade it in your sleep while hanging upside down with one leg from the Golden Gate bridge!
While I after a few hour, there is still fail to getting higher but just up and down in a small range.
This CLEARLY shows you do not UNDERSTAND PRICE behaviour in a TREND
This CLEARLY shows you do not UNDERSTAND my PASR Trend Trading strategy and how PRICE behaves in and around the Strat Shadow.
Finally I though I was wrong and get out at the long wick candle.
You were WRONG because you did not know what you were doing because of all the reasons stated above.
You don't UNDERSTAND PASR or my PASR Trend Trading strategy or have done "thousands of hours studying thousands of charts", so you just ""try"" and copy Yomi's style.
Had you UNDERSTOOD PASR and my PASR Trend Trading strategy, you would have entered on my blue arrows.
Also, you are trading BLIND! I do not see any support and resistance levels from H1, H4 and D1 on your chart.
bistolis feedback: one more thing, your initial stop loss is waaaay too much
Again, this shows you have NO CLUE about PASR and Trade Management!
Hopefully you are only PAPER TRADING so go back to the beginning of THE PATH and read, learn and UNDERSTAND each topic and do NOT move onto the next topic until you have fully understood the current topic.
{quote} Feel upset that I do not get profit in the same trade. I tried to trade on 15m trade and saw a setup that yomi may enter. A break of resistance and enter at the first pull back candle. While I after a few hour, there is still fail to getting higher but just up and down in a small range. Finally I though I was wrong and get out at the long wick candle. {image}
Thank you Yomi and bistolis for helping your fellow trader - TRADERS HELPING TRADERS
I tried to trade on 15m trade and saw a setup that yomi may enter
Brian, trying to ""copy"" someone else's strategy is never ""consistently profitable"" WITHOUT fully UNDERSTANDING it. Yomi is ""consistently profitable"" with it because he ""developed"" his entries and exits and style on and around my PASR Trend Trading Strategy after spending thousands of hours studying thousands of charts on it.
Have you spent thousands of hours studying thousands of charts studying ""MY"" PASR Trend Trading strategy?
Have you spent thousands of hours studying thousands of charts studying Yomi's style of ""MY"" PASR Trend Trading strategy?
Have you spent thousands of hours studying thousands of charts studying PASR?
Even when you are proficient in PASR, trading it LIVE at the Hard, Right Edge with REAL, hard earned money is a completely different experience.
This is EXACTLY why there is a LOGICAL learning progression on THE PATH. Read, learn and UNDERSTAND Basic PASR first before even attempting anything else.
The ""thousands of hours studying thousands of charts"" is not just a catch phrase I developed, it is FACT. Having become proficient in PASR, you need to do this for EACH TIME FRAME you are going to trade. This is so that you can TRAIN your trading brain to SEE PASR and how PRICE moves in and around the Strat Shadow until it is firmly locked in your trading memory allowing you to trade it in your sleep while hanging upside down with one leg from the Golden Gate bridge!
While I after a few hour, there is still fail to getting higher but just up and down in a small range.
This CLEARLY shows you do not UNDERSTAND PRICE behaviour in a TREND
This CLEARLY shows you do not UNDERSTAND my PASR Trend Trading strategy and how PRICE behaves in and around the Strat Shadow.
Finally I though I was wrong and get out at the long wick candle.
You were WRONG because you did not know what you were doing because of all the reasons stated above.
You don't UNDERSTAND PASR or my PASR Trend Trading strategy or have done "thousands of hours studying thousands of charts", so you just ""try"" and copy Yomi's style.
Had you UNDERSTOOD PASR and my PASR Trend Trading strategy, you would have entered on my blue arrows.
Also, you are trading BLIND! I do not see any support and resistance levels from H1, H4 and D1 on your chart.
bistolis feedback: one more thing, your initial stop loss is waaaay too much
Again, this shows you have NO CLUE about PASR and Trade Management!
Hopefully you are only PAPER TRADING so go back to the beginning of THE PATH and read, learn and UNDERSTAND each topic and do NOT move onto the next topic until you have fully understood the current topic.
15 YEARS OF PASR ON FOREX FACTORY!