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Strat's PASR Long Term, Stress Free Trading

  • #7,121
  • Edited 1:40pm Sep 26, 2018 1:29pm | Edited 1:40pm
EURJPY M15

Quoting LarryK
EURJPY This level at 133 looks like being important if it can be broken and become support, the alternative is a trip back down, worth keeping an eye on in the next few days.{image}
And now, PRICE has produced a PERISCOPE!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,122
  • Sep 26, 2018 2:11pm Sep 26, 2018 2:11pm
EURNZD

Experienced PASR traders are already in this pair and HOLDING and WAITING to see where the Big Boys are going to take PRICE after it settles down after all the RED news.

Will PRICE test the most recent high or the August 2015 high? We don't know but we do know PRICE is in a strong UP trend.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,123
  • Sep 26, 2018 7:34pm Sep 26, 2018 7:34pm
Quoting strat
EURUSD M5 {quote} 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? {image} Why look at EURUSD when it is 18th out of 27 on my volatilty list?

I'm up around 4:30 every morning. Enjoy quiet time and reading before I start my day.

You are right about all the Red news, I was aware of it. Saw a fairly strong move with London and thought it may continue a little. Sat on my hands...(Did nothing) for the rest of this week.

Why look at EURUSD when it is 18th out of 27 on my volatilty list?

Had 6 pairs on my monitor. I thought it looked the most promising at the time.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #7,124
  • Sep 27, 2018 1:03am Sep 27, 2018 1:03am
NZDCAD

Just saw this pair and found interesting starting monitoring it closely.

BigBoss: the immediate trend is in a downtrend but momentum is about to finish if the current candle close as a hammer (2 days left). Also, price has been in sideways since 2013. But maybe that candle looks like a pin bar and just want to keep going down
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Boss: It's in a downtrend since March 2018 and it has completed a swing low making a lower low.
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Worker: It's in a downtrend (making lower highs and lower lows) but it has just registered two BUEB.
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Final thought: I wouldn't think of buying on this one till see what happen around 0.8781 resistance (in case it goes up) and StradShadow support buying bias, but when I saw a possible hammer in the BigBoss it caught my eye.

What do you think about it? Comments are appreciated

Have a good day!
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,125
  • Sep 27, 2018 1:49am Sep 27, 2018 1:49am
Quoting Eurotrader17
NZDCAD Just saw this pair and found interesting starting monitoring it closely. BigBoss: the immediate trend is in a downtrend but momentum is about to finish if the current candle close as a hammer (2 days left). Also, price has been in sideways since 2013. But maybe that candle looks like a pin bar and just want to keep going down {image} Boss: It's in a downtrend since March 2018 and it has completed a swing low making a lower low. {image} Worker: It's in a downtrend (making lower highs and lower lows) but it has just registered two BUEB. {image}...
Looks like you're one the right track.

Big boss has touched support you have marked near .8471, and appears to be forming a hammer or doji. So price action may be right, depending on close to tell us to go long.

Boss has a confirmed swing low, and is sitting just above the prior swing low. Candle hasn't closed yet, but I see it as supporting a move higher if it closes above about .8650. However, if you look at the big boss chart price is not far from big boss support (turned resistance?). Also note the last boss candle, looks like a bullish outside bar to me.

Worker has price passing through the 20ema and is sitting inside the strat shadow, and price is sitting in a wobble area you've highlighted. The two buying candles you've highlighted are nice juicy big bars from support. That says to me there's some serious buying going on.

For me I have in my notes it is a possible buy if it forms a higher low. While we have had a retest of the 20EMA I didn't buy it (missed it), I will wait for another swing low or price to make it through this wobble area and retest.
  • #7,126
  • Sep 27, 2018 2:09am Sep 27, 2018 2:09am
Just a general note to say that although I will be posting my comments on charts that I think are interesting from a potential trade perspective, and following the PASR rules as best I can, and if I don't I am sure someone here will be pleased to put me right, I will not be saying what I have actually traded.

A lot of people on FF tend to post their winning trades and you never hear about their losers which just creates a false image of the success of a particular method and is of little help to others.

EURJPY
I seldom look at 15m charts, too much movement to distract, but price has moved down steadily since that periscope(what is significance of a periscope, not heard of that one before), maybe that could have been the signal to sell?
  • #7,127
  • Sep 27, 2018 2:28am Sep 27, 2018 2:28am
Quoting LarryK
Just a general note to say that although I will be posting my comments on charts that I think are interesting from a potential trade perspective, and following the PASR rules as best I can, and if I don't I am sure someone here will be pleased to put me right, I will not be saying what I have actually traded. A lot of people on FF tend to post their winning trades and you never hear about their losers which just creates a false image of the success of a particular method and is of little help to others. EURJPY I seldom look at 15m charts, too much...
I suspect the man himself will tell you to read the old thread. Haven't finished reading it myself yet, the way I'm doing it is reading to a point, making sure I understand by applying it properly, then reading until I hit something new to incorporate in my trading. At this point I'm still in the first 1/3rd of the thread, but I am comfortable that I understand what I'm doing at that point.
The most recent thing I have introduced in my trading is trend lines, from about page 250ish in the old thread, and I want to make sure I understand and apply them correctly before I get too much further. However reading will continue a few pages at a time until there is something new. At which point, I will read it properly, digest it, apply it, and move on further when I am comfortable it's understood correctly.

Hmm...
Reading that sounds so narcissistic. So much "I". But you have to read, understand, and learn at you own pace. This seems to be working for me.
  • #7,128
  • Sep 27, 2018 4:34am Sep 27, 2018 4:34am
Quoting Rub
{quote} I suspect the man himself will tell you to read the old thread. Haven't finished reading it myself yet, the way I'm doing it is reading to a point, making sure I understand by applying it properly, then reading until I hit something new to incorporate in my trading. At this point I'm still in the first 1/3rd of the thread, but I am comfortable that I understand what I'm doing at that point. The most recent thing I have introduced in my trading is trend lines, from about page 250ish in the old thread, and I want to make sure I understand...
Strat will confirm I was here for a long while and the old thread was reading matter for me for many months, he will also confirm that I had difficulty understanding always and applying often, but I am back for now as long as I am welcome. I'm not good enough to offer advice to others so I will seldom comment on posts unless I need clarification.

While I am here, where can I find the page for the pretty strat shadow etc?
  • #7,129
  • Sep 27, 2018 5:08am Sep 27, 2018 5:08am
Quoting LarryK
{quote} Strat will confirm I was here for a long while and the old thread was reading matter for me for many months, he will also confirm that I had difficulty understanding always and applying often, but I am back for now as long as I am welcome. I'm not good enough to offer advice to others so I will seldom comment on posts unless I need clarification. While I am here, where can I find the page for the pretty strat shadow etc?
hi
you can use mine
Attached File(s)
File Type: tpl strat.tpl   4 KB | 995 downloads

Attached File(s)
File Type: ex4 P4LCandleTime.ex4   10 KB | 826 downloads

Attached File(s)
File Type: ex4 MAribbon.ex4   3 KB | 1,069 downloads

Attached File(s)
File Type: ex4 Spread.ex4   9 KB | 782 downloads

Attached File(s)
File Type: ex4 ADR.ex4   11 KB | 852 downloads
(update:changed atr period to 10 days. I use this for low timeframes like m15. you might want to use the ATR indicator for the daily and weekly instead)

It looks like this
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  • #7,130
  • Sep 27, 2018 5:34am Sep 27, 2018 5:34am
Quoting LarryK
{quote} Strat will confirm I was here for a long while and the old thread was reading matter for me for many months, he will also confirm that I had difficulty understanding always and applying often, but I am back for now as long as I am welcome. I'm not good enough to offer advice to others so I will seldom comment on posts unless I need clarification. While I am here, where can I find the page for the pretty strat shadow etc?
Mate I am so glad you asked this question, I have been on the thread for ages and read it and studied it, but I couldn't find this info, but basically my intestinal fortitude was found wanting ( much like my actual trading ability )
  • #7,131
  • Edited 2:40pm Sep 27, 2018 5:47am | Edited 2:40pm
Quoting pippoacher
{quote} Mate I am so glad you asked this question, I have been on the thread for ages and read it and studied it, but I couldn't find this info, but basically my intestinal fortitude was found wanting ( much like my actual trading ability )
See also post 4828 of this thread.
Greeting, Malu.
  • #7,132
  • Sep 27, 2018 6:10am Sep 27, 2018 6:10am
Indicators

Thank you Bistolis
  • #7,133
  • Sep 27, 2018 6:39am Sep 27, 2018 6:39am
Quoting Malu
{quote} See also post 4828 of this threat. Greeting, Malu.
Thank You Malu, much appreciated
  • #7,134
  • Sep 27, 2018 6:52am Sep 27, 2018 6:52am
Quoting Malu
{quote} See also post 4828 of this threat. Greeting, Malu.
Malu can you direct me to the post that shows the ATR on the chart like strat? thats the only one I really need
  • #7,135
  • Sep 27, 2018 7:06am Sep 27, 2018 7:06am
Hi Team,

While I was paper trading (F12) , I came across this chart. Do any of you knows what happened that day? pretty scary.


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This one 5 min before the scary one . This is December 26 2016.

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Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #7,136
  • Sep 27, 2018 7:35am Sep 27, 2018 7:35am
GBP/CAD H1 / 70 pips

Daily: Daily bullish for a few days, yesterday the candle closed above the Strat shadow, and WCC resistance and came to test the 200 ema.

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H4: Price to find today a support at 1.71340 by forming a hammer.

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H1: I took the trade on the candle with the red arrow, so after testing the WCC support and closing the candle above the Stratshadow

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The R:R was about 1:3, without stress
  • #7,137
  • Sep 27, 2018 7:49am Sep 27, 2018 7:49am
Quoting Suran
Hi Team, While I was paper trading (F12) , I came across this chart. Do any of you knows what happened that day? pretty scary. {image} This one 5 min before the scary one . This is December 26 2016. {image} Suranga
Looks like Christmas, low liquidity resulted in high volatility
  • #7,138
  • Sep 27, 2018 7:52am Sep 27, 2018 7:52am
Quoting Suran
Hi Team, While I was paper trading (F12) , I came across this chart. Do any of you knows what happened that day? pretty scary. {image} This one 5 min before the scary one . This is December 26 2016. {image} Suranga
that is most likely your brokers feed
and around christmas holidays . dont bother much on those days. find some snowy or sunny place and drink cognac or cocktails
  • #7,139
  • Sep 27, 2018 8:57am Sep 27, 2018 8:57am
Quoting Eurotrader17
NZDCAD Just saw this pair and found interesting starting monitoring it closely. BigBoss: the immediate trend is in a downtrend but momentum is about to finish if the current candle close as a hammer (2 days left). Also, price has been in sideways since 2013. But maybe that candle looks like a pin bar and just want to keep going down {image} Boss: It's in a downtrend since March 2018 and it has completed a swing low making a lower low. {image} Worker: It's in a downtrend (making lower highs and lower lows) but it has just registered two BUEB. {image}...
No such thing as a pin bar.......
  • #7,140
  • Sep 27, 2018 9:28am Sep 27, 2018 9:28am
Quoting pippoacher
{quote} Malu can you direct me to the post that shows the ATR on the chart like strat? thats the only one I really need
Sorry I don’t have that one. Thought you were looking for the Strat shadow.
Maybe someone else can assist.
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