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  • #8,241
  • Nov 1, 2018 3:04pm Nov 1, 2018 3:04pm
AUDCAD

Quoting HappyTrend
{quote} Can i ask, if u have any long entry in AUDCAD? If yes, can you show me please? Thank you. Edit: Im asking this because i want to know where you entry for learning.
Can i ask, if u have any long entry in AUDCAD? If yes, can you show me please?

No, but if I did, I would Swing trade it from the Boss no different to how I would trade any other pair.

In accordance with my PASR Swing Trading strategy, I would determine the end of the down swing/beginning of a new up swing on the Boss (Weekly) and transfer this to the Worker (Daily) and enter my buy stop a few pips above the blue candle on the Worker.

i want to know where you entry for learning

Remember, we, as humans, are unique as is our trading style - you can't trade like me much like I can't trade like Yomi or anyone else.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,242
  • Nov 1, 2018 3:18pm Nov 1, 2018 3:18pm
Quoting strat
AUDCAD {quote} Can i ask, if u have any long entry in AUDCAD? If yes, can you show me please? No, but if I did, I would Swing trade it from the Boss no different to how I would trade any other pair. In accordance with my PASR Swing Trading strategy, I would determine the end of the down swing/beginning of a new up swing on the Boss (Weekly) and transfer this to the Worker (Daily) and enter my buy stop a few pips above the blue candle on the Worker. i want to know where you entry for learning Remember, we, as humans, are unique as is our trading...
Good evening Strat I have a question about your answer to HappyTrend,

On my chart, when you take your entry, the swing low is not yet confirmed on the boss

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So if I understand you're taking this entry with your trading style and risk tolerance

thank you for your response
  • #8,243
  • Nov 1, 2018 3:57pm Nov 1, 2018 3:57pm
Hi everyone I just analyzed GBPCAD and it is interesting to see on the daily graph, the range in which the price is negotiated between 1.71 and 1.66

each time price stops at the support or resistance I put a little arrow

See Photo:

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Now we go down on H4, on this graph we see the price react, and above all form swings low and swing high confirmed

see photo:

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And now I go down on H1: What do I see? Beautiful trend with the StratShadow with different inputs possible, each entry and exit depending on the style of trading
and the tolerance of each

see photo :
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  • #8,244
  • Nov 1, 2018 4:20pm Nov 1, 2018 4:20pm
Quoting landax
Hi everyone I just analyzed GBPCAD and it is interesting to see on the daily graph, the range in which the price is negotiated between 1.71 and 1.66 each time price stops at the support or resistance I put a little arrow See Photo: {image} {image} Now we go down on H4, on this graph we see the price react, and above all form swings low and swing high confirmed see photo: {image} And now I go down on H1: What do I see? Beautiful trend with the StratShadow with different inputs possible, each entry and exit depending on the style of trading and the...
Hi Landax
Is it me, or have you labelled your swing confirmations the other way around?
  • #8,245
  • Nov 1, 2018 5:03pm Nov 1, 2018 5:03pm
Quoting strat
AUDCAD {quote} Can i ask, if u have any long entry in AUDCAD? If yes, can you show me please? No, but if I did, I would Swing trade it from the Boss no different to how I would trade any other pair. In accordance with my PASR Swing Trading strategy, I would determine the end of the down swing/beginning of a new up swing on the Boss (Weekly) and transfer this to the Worker (Daily) and enter my buy stop a few pips above the blue candle on the Worker. i want to know where you entry for learning Remember, we, as humans, are unique as is our trading...
Studyng this haha i cant imagine buy in there, but obviously i need much more experience of i can see that.

But studyng it, the BOSS was still in DOWN SWING isnt? Yes in a Support Zone of BigBoss but BOSS still was in a DownSwing. After 2 weeks that was the Confirm Swing and going UP.

How you determine what candle you place the buy stop on Worker with the BOSS SWING Down ?
  • #8,246
  • Nov 1, 2018 5:19pm Nov 1, 2018 5:19pm
Quoting HappyTrend
{quote} Studyng this haha i cant imagine buy in there, but obviously i need much more experience of i can see that. But studyng it, the BOSS was still in DOWN SWING isnt? Yes in a Support Zone of BigBoss but BOSS still was in a DownSwing. After 2 weeks that was the Confirm Swing and going UP. How you determine what candle you place the buy stop on Worker with the BOSS SWING Down ?
That's exactly what I was wondering
  • #8,247
  • Nov 1, 2018 6:19pm Nov 1, 2018 6:19pm
Quoting strat
Engulfing Candles {quote} For PASR: An Engulfing Candle is where the body of the current candle exceeds the body of the previous candle. An Outside Candle is where the body of the current candle exceeds the body of the previous candle and the high and low exceeds the high and low of the previous candle. A doji has no, or very little body relative to its high and low. {image}
Hi strat,

The word "exceed" is a bit vague for me, I wish to get my candle right so please allow me to ask in more detail.

On BUOB, it include all characteristic of BUEB(open should be equal or lower than previous close while close should be higher than previous open), with high being higher than the previous candle high and low being lower than previous candle low. Am I right?

So, 2 consecutive bullish bar is not possible to form a BUOB unless the Open of the candle was gapped below the previous low of the candle?

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  • #8,248
  • Nov 1, 2018 6:54pm Nov 1, 2018 6:54pm
Quoting Rub
{quote} While you've clearly got a plan are you sure you want to buy against last week's down candle? It's quite strong selling.... {quote} Yes, that Bullish engulfing candle would have me hesitating as well. It looks a lot like sellers have stepped in and pushed price back down before the close of play. While it's at a support level I want to see much better price action to enter, or maybe dropping down to four hour for one.
I think I am prioritizing PA on strong SR over that. There is another factor that enforce me to pick this one up - the hammer on BB.

Quoting BeyondTheSea
{quote} GBPCAD Hi Huatzhi Good analysis. My take on this is: Big Boss {image} Boss {image} Worker {image} Split orders and break evens have never worked out for me when trading real cash. I'm interested in your trade management, keep us posted on your findings.
Alright. In F12 practice, it allow me to minimize losses (BEs with small profit on first tranch) when I get lots of wrongs on my chart.

I do not pay a lot of attention to WCC outside of extra potential SR until it actually got more than 3 as it will start keep me away from trading. My focus now is Basic PASR and trade management on EoD. Before I can do Basic PASR consistently for couple month, I probably would not actively try to learn more about the part of trading that is less relevant to these area. I do not trade WCC unless it is confluence with Basic PASR.

Quoting Eurotrader17
{quote} Hi Huatzhi and BTS! Thanks for your analysis! This pair also caught my eye but I rejected to get in as I have an immediate resistance at 1.69ish, also saw that price is still in a BOSS Swing Down and didn't like last doji in BIGBOSS So I'll wait to see how price behave around 1.69 resistance BOSS {image} WORKER {image}
I did not see price respecting that SR for past couple worker swing, so I did not have that on my chart, for now. I will do it when price do respect that SR in the future.
  • #8,249
  • Edited Nov 2, 2018 12:23am Nov 1, 2018 7:46pm | Edited Nov 2, 2018 12:23am
XAUUSD (Gold) Paper Trade

BB
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Pass 3 months was Hammer - Doji - BUEB. It was trapped on long term ranging as well.

B
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Has been in strong uptrend since 23 Sept week BUEB.

W
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Adjusted my SR to catch worker's PA. Got what I waited for, retest of Strat Shadow and BUEB formed. Swing low confluenced with previous swing high SR. However, the BUEB is just around the Strat Shadow. It stopped right around next SR and 200ema confluence coming soon. It will most likely wobble around for quite awhile.

This trade is going to be pretty long term.

Entry Stop Order - 1237.864 (a bit higher than BUEB)
SL - 1211.520 (a bit lower than swing low of BUEB)
TP1 - 1247.314 (a bit lower than ATR5 to hit 200ema), SL to BE
TP2 -1287.608 (next resistance)
TP3 - 1353.600 (BB ranging roof, might close early if there is any reverse PASR, moving SL to secure profit if there is any)
  • #8,250
  • Nov 1, 2018 9:10pm Nov 1, 2018 9:10pm
Quoting Svolacius
{quote} While I am wondering where should I target, should I just take profit as it is going to touch the support and 200EMA? (Although I believe PASR trader will say if there is a PA show on my first support, then we should exit.) You should be answering that question to yourself BEFORE you open a trade. Such questions MUST be answered in your trading journal and included in your Trading Plan. I personally also have a position open at the moment and planning to partially close it at the EOD, since that was my plan before I entered couple of days...
Thanks Svolacius and landax,
My plan before enter is target at the second support on my chart, but just because of the GBPNZD trade that I got,
I am afraid the same will be happened on EURNZD again.
While after reading your comment, I decided to closed half of position.
While if on H4, the PA is still going downward,
I will choose to add on on the trade

Regards
  • #8,251
  • Nov 1, 2018 11:39pm Nov 1, 2018 11:39pm
Quoting MikuSS
{quote} Hi Rub, Just like someone else in the previous few pages (I can't remember who, but he posted a Daily chart), you are missing a zone. In addition, the pair was ranging with no trend, so the odds are against us. {image} Regards, Miku
As I said, did the classic buying straight into resistance.

Quoting Svolacius
{quote} I agree with MikuSS. Ranging Price Action on H4 does not give us any higher probability, only a fact that the Buyers and Sellers are just pushing the price around with no intent to move it further than the range. I guess M5 could work in such situations but again, I do not trade M5, so I may be wrong. As of now, we see that the price managed to go BEYOND the range - there is a higher buying pressure right NOW. At the moment of writing price was rejected at the next Resistance and stopped right at SS, which could give us an entry for long...
I'll get there eventually. Not quite making as many mistakes, or taking as many trades as I was. Slow but steady improvement.
Quoting brian661
{quote} The monthly candle close nicely below the previous high. So I wait and found a nice entry as shown with the blue arrow. {image} While I am wondering where should I target, should I just take profit as it is going to touch the support and 200EMA? (Although I believe PASR trader will say if there is a PA show on my first support, then we should exit.) {image} I ask above question because another trade on GNZNZD yesterday. I sell because I saw rejection on Big boss and strong bearish candle on Boss. I enter the trade nice at H4, but after around...

Brian I have taken the same trade. My plan is to watch price action around the 200ema, but I have a tentative take profit at 1.7000ish.

Quoting strat
USDJPY H4 {quote} But Ben, the Strat Shadow is horizontal - flat lining! This shouts out loud and clear "Stay away - no-one is trading me so volatility is LOW"
I was relying to your asking if anyone tried to trade the range. That was me trying and failing. Think I need to steer clear of it for now and stick to bites out of a trend.

Quoting landax
Hi everyone I just analyzed GBPCAD and it is interesting to see on the daily graph, the range in which the price is negotiated between 1.71 and 1.66 each time price stops at the support or resistance I put a little arrow See Photo: {image} {image} Now we go down on H4, on this graph we see the price react, and above all form swings low and swing high confirmed see photo: {image} And now I go down on H1: What do I see? Beautiful trend with the StratShadow with different inputs possible, each entry and exit depending on the style of trading and the...
You see how it scales? Could be higher or lower timeframes, if you didn't have the chart telling you what it was could you tell?
  • #8,252
  • Nov 2, 2018 12:14am Nov 2, 2018 12:14am
Basic PASR AUD/JPY four hour trade

Not much to tell with this one, entered on the break of the indicated bar, price went pretty much straight to my TP. Only thing is I stuffed up my position size and entered half the size I should have.

EDIT: Just noticed it looked like I entered on the inside bar on worker, not the four hour I actually used.


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  • #8,253
  • Nov 2, 2018 12:27am Nov 2, 2018 12:27am
Quoting Rub
Basic PASR AUD/JPY four hour trade Not much to tell with this one, entered on the break of the indicated bar, price went pretty much straight to my TP. Only thing is I stuffed up my position size and entered half the size I should have. EDIT: Just noticed it looked like I entered on the inside bar on worker, not the four hour I actually used. {image}{image}{image}{image} {image}
Great trade, Rub!
  • #8,254
  • Nov 2, 2018 12:41am Nov 2, 2018 12:41am
Quoting Svolacius
{quote} Great trade, Rub!
Thank you. I should probably have been more careful of the top of the weekly control candle, but that huge bullish bar was a smack in the face obvious sign that buyers were stepping in.
  • #8,255
  • Nov 2, 2018 3:18am Nov 2, 2018 3:18am
Quoting Radhe2209
{quote} Hi Landax Is it me, or have you labelled your swing confirmations the other way around?
I think they are properly labelled
  • #8,256
  • Nov 2, 2018 3:20am Nov 2, 2018 3:20am
Quoting Rub
You see how it scales? Could be higher or lower timeframes, if you didn't have the chart telling you what it was could you tell?
I think I have not understood your question Rub, but I will try to answer, on the weekly or well the H4, this range would also have been identifiable, but I based on the daily for this analysis, then I went down in detail in the lower delays
  • #8,257
  • Nov 2, 2018 3:35am Nov 2, 2018 3:35am
Quoting strat
PATIENCE {quote} It taught me patience You will only know this when you can exercise ""patience"" trading REAL, hard earned money at the MOVING HARD RIGHT EDGE. Everything else is "theory" in the mind.
I exercise certainty, knowing that I don t actually have to jump into trades that arnt there. Only ever trade real money, the pain of loss is a much better tutor than demo.
  • #8,258
  • Nov 2, 2018 3:43am Nov 2, 2018 3:43am
Hello all,

I have a question regarding your TRADE MANAGEMENT in MT4. Let me know, if this is OFF TOPIC and shouldn't be in this thread.

If I have multiple chart windows open, then I face on big problem: the chart window where I did my analysis and draw my SR lines DO NOT appear on another window.
That is the reason why I used to do my analysis in Tradingview - as the lines just persist. I also recognized the issue, that when I close my chart window where I did the analysis - everything is gone - I need to draw my SR lines again. That is time consuming and not effective.

So how do you guys and girls handle that?

Attached a screenshot of what I mean.

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Accept the risk!
  • #8,259
  • Nov 2, 2018 3:48am Nov 2, 2018 3:48am
Quoting Scrumy
Hello all, I have a question regarding your TRADE MANAGEMENT in MT4. Let me know, if this is OFF TOPIC and shouldn't be in this thread. If I have multiple chart windows open, then I face on big problem: the chart window where I did my analysis and draw my SR lines DO NOT appear on another window. That is the reason why I used to do my analysis in Tradingview - as the lines just persist. I also recognized the issue, that when I close my chart window where I did the analysis - everything is gone - I need to draw my SR lines again. That is time consuming...
that when I close my chart window where I did the analysis - everything is gone - I need to draw my SR lines again.


I don't think you have any other option available. This is MT4. you need to draw S/R lines again.
Focus, Patience, Discipline, Determination and Perseverance
  • #8,260
  • Nov 2, 2018 3:57am Nov 2, 2018 3:57am
Paper Trade in Live

Still on GBP/CAD,

BB (daily): Buyers are present, big bullish candle yesterday, which closed just above the Stratshadow but not much

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B (H4): The price is currently supported by a resistance by forming a hammer, but it is not hammer as long as the candle is not closed, descend on H1

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W (H1): Price has formed a beautiful BUEB at the Stratshadow, however the price has closed at the level of the Resistance BRN 1.70, it is risky to buy at the level of resistance but the loss is minimal so my little people accept it, nevertheless I place a buystop above the current level to benefit from the buying pressure

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TP1: next resistance

TP2: BRN 1.71

TP3: Just below the big red resistance, which corresponds to the current trading limit of the range (between 1.71500 and 1.66)
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