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Strat's PASR Long Term, Stress Free Trading
- #8,042
- Oct 27, 2018 2:17pm Oct 27, 2018 2:17pm
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
[quote=BeyondTheSea;11631757]
I was looking for this name BTS. thanks
PS: not dipstick
EURJPY I wonder what you lot make of this? {image}[/quote Dipstick where I’m from and I’ve been called it more than once. Otherwise in PASR world “Depth Gauge”
PS: not dipstick
- #8,043
- Edited 5:54pm Oct 27, 2018 2:44pm | Edited 5:54pm
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,526 Posts
EURJPY I wonder what you lot make of this? {image}
This lot.....
Looks to me like profit taking and using the news for order clearing at BRN 127 and support area 126.6.
Big Boss looking to be a BEEB so far with a few days left to the month
Boss has been falling in line with the Big Boss.
If the Worker follows orders, I will be looking for shorts next week. I would like to see PRICE get a little deeper in the Strat Shadow on the Worker chart early next week so the Risk Reward ratio is better. Then watch the 4h and worker for an entry in the direction of the Boss.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- #8,045
- Edited Oct 28, 2018 2:56am Oct 27, 2018 9:34pm | Edited Oct 28, 2018 2:56am
- | Joined Nov 2017 | Status: Trader | 69 Posts
Exam time
Hi Strat and senior PASR students,
After one week intensive reading and studying, here is my answer sheet for the exam.
I only post weekly analysis for three pairs. Would like to get feedback about the structure of my analysis, the drawing skills of SR and anything you think I don't do correctly. Any words & opinion are highly appreciated.
I will adjust myself according to your feedbacks. Thank you in advance.
One question:
My data feed is from New York time 5pm to 5pm. Therefore I have 5 candles per week. For Strat Shadow set up, the MA is 72 EMA, which is 12 weeks when there is 6 candles per week. In my case, should I set it as 60 EMA so I can make it to 12 weeks?
Please excuse me as a taker in PASR school at the moment. As a junior student here, I only can share my journey but I am not confident to comment any trades now. I will start to contribute once I am able to do it.
EDIT 1: Just found I forgot to write down the Big Boss.
GBPNZD: BB is down trend for long term, but the last 12 months is sideway. This month's candle (so far) is a small body with long up wick. Which means buyers were fighting but sellers are in control so far.
GBPCAD: BB is up trend with immediate down trend. This months's candle has small body with both wick. The up wick is three times long than down one. Both buyers and sellers are trying but sellers are stronger.
USDCNH: Price reaches highest since Jan 2017. Possible double top.
Lesson I just learned: Always go from Big Boss to Boss and then Worker.
Action: I am going to add a column calls 'pictures' to show how price IS on three time frames, then the next column 'overview' to show how price DOES.
I use excel to record my analysis. Here is the screenshot.
GBPNZD Worker
GBPCAD Worker
USDCNH Big Boss
USDCNH Boss
USDCNH Worker
Hi Strat and senior PASR students,
After one week intensive reading and studying, here is my answer sheet for the exam.
I only post weekly analysis for three pairs. Would like to get feedback about the structure of my analysis, the drawing skills of SR and anything you think I don't do correctly. Any words & opinion are highly appreciated.
I will adjust myself according to your feedbacks. Thank you in advance.
One question:
My data feed is from New York time 5pm to 5pm. Therefore I have 5 candles per week. For Strat Shadow set up, the MA is 72 EMA, which is 12 weeks when there is 6 candles per week. In my case, should I set it as 60 EMA so I can make it to 12 weeks?
Please excuse me as a taker in PASR school at the moment. As a junior student here, I only can share my journey but I am not confident to comment any trades now. I will start to contribute once I am able to do it.
EDIT 1: Just found I forgot to write down the Big Boss.
GBPNZD: BB is down trend for long term, but the last 12 months is sideway. This month's candle (so far) is a small body with long up wick. Which means buyers were fighting but sellers are in control so far.
GBPCAD: BB is up trend with immediate down trend. This months's candle has small body with both wick. The up wick is three times long than down one. Both buyers and sellers are trying but sellers are stronger.
USDCNH: Price reaches highest since Jan 2017. Possible double top.
Lesson I just learned: Always go from Big Boss to Boss and then Worker.
Action: I am going to add a column calls 'pictures' to show how price IS on three time frames, then the next column 'overview' to show how price DOES.
I use excel to record my analysis. Here is the screenshot.
GBPNZD Worker
GBPCAD Worker
USDCNH Big Boss
USDCNH Boss
USDCNH Worker
We don't see things as they are, we see them as we are.
- #8,046
- Oct 28, 2018 1:00am Oct 28, 2018 1:00am
EURJPY I wonder what you lot make of this? {image}
BB
Firstly, last two month was a hammer and BUEB price action(buyers are around). As there is 3 trading day left, current month's candle weight abit higher, see-ing that it is most likely going to be BEEB(sellers are around). The price is content between (SR)BRN 127 and 132(supply and demand equilibrium for now?). There was 2 long wick rejection of support with the second forming a hammer, buying pressure is still around.
I also would consider this is a continuation of uptrend since November 2016. However, in order for that to happen, it have to break out from the triangle first.
B
It formed a BEEB and testing the 127 SR. For all intent and purposes of analysing B, it is bearish, in a immediate downtrend, testing the support (and 200ema).
W
A hammer on a strong support. The next resistance is around BRN130. While I do not sure how to "confirm a swing low" for now, that is definitely not a confirmed swing low. To trade this setup, I have 2 options.
OPTION 1 -
Since there is a lower wick on B candle that indicate some rejection on SR, it might be the time to catch where both B and W turn around to go along with BB's uptrend.
SL - all the way down to 124.85, also if price close below the hammer low, exit manually.
TP1 - 100 pips (around 128.88), move SL to BE
TP2 - 129.98 (next SR)
TP3 - manual trailing last swing low / reverse PASR
Another issue of this trade is the RR. This is not the best RR trade it can be.
OPTION 2 -
As weekly is bearish, I will need to drop down 2 TF to try and get 3 TF harmory.
BB - Daily
B - H4
BUEOB on a strong down trend. "following the BB"
W - H1
2nd last candle was BEEB where trend trader addon their trade. Waiting for next bullish PASR setup to trade.
OPTION 3 -
There is always an option of skipping this trade to wait for better setup that does not require me to drop down TF for better RR ratio.
- #8,049
- Oct 28, 2018 2:54am Oct 28, 2018 2:54am
USDCAD This is another interesting pair that I am watching. Big Boss: Price has been ranging inside the range of the box for the past 8 months. Now Price is at resistance. {image} Boss: 3 weeks of aggressive buying, followed by the doji on the 26th October. {image} Worker: Price is clearly in an up swing, but has it ended? We need confirmation. However, if Price is able to close above resistance, it would be an indication the the trend will continue upwards. Or perhaps, we can find some counter-trend trades on H4. {image} Exercising patience would...
Although if I try to draw this trend line on worker could give an opposite confluence (and fib too).
Pro of this shooting star:
- BB Last month was BEEB
- BB past few candles all having long upward wick show that sellers are pushing the price down.
- BB previous swing up made up of multiple dojis, while swing down are firms.
- W shooting star confluence with SR
- W confluence with trend line
- W confluence with 61.8 fib
Con of this shooting star:
- BB looks like flag pattern
- B is on immediate uptrend
- W on up trend
- W hammer 2 days ago
- Strat shadow overall
- #8,053
- Oct 28, 2018 6:14am Oct 28, 2018 6:14am
[quote=BeyondTheSea;11632225]
Oh, ok. Got it. (Though I probably still could not differentiate well when I look at another chart for now)
{quote} And the day before? What’s going on there then? Also 19th June Worker with 17th June Boss And Boss 20th May and what was that the following week? Oh, and where are the BRN’s?
- #8,058
- Oct 28, 2018 11:25pm Oct 28, 2018 11:25pm
start my work before the sun rise and end my work after my dinner in the last 2 weeks, as a Japanese programmer...
Finally I completed my task at 5a.m. this morning and back to analysis after a sleep.
EURNZD
Monthly : the price is rejejected by the support and the 200EMA last and this month
Weekly : Confirmed string high on resistance
Daily : Long tail candle show rejection at strat shadow
Plan : Look for short if tomorrow the end of month candle closed below the previous month low
Missed for ~40pages of the thread and need to read them back.
Finally I completed my task at 5a.m. this morning and back to analysis after a sleep.
EURNZD
Monthly : the price is rejejected by the support and the 200EMA last and this month
Weekly : Confirmed string high on resistance
Daily : Long tail candle show rejection at strat shadow
Plan : Look for short if tomorrow the end of month candle closed below the previous month low
Missed for ~40pages of the thread and need to read them back.
start my work before the sun rise and end my work after my dinner in the last 2 weeks, as a Japanese programmer... Finally I completed my task at 5a.m. this morning and back to analysis after a sleep. EURNZD Monthly : the price is rejejected by the support and the 200EMA last and this month Weekly : Confirmed string high on resistance Daily : Long tail candle show rejection at strat shadow Plan : Look for short if tomorrow the end of month candle closed below the previous month low {image} {image} {image} Missed for ~40pages of the thread and need...
Well done. All I can add is that we are also in a Weekly Control Candle too. Let's see what happens this week...
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