Disliked{quote} Hi Rub, That is an inside candle setup right? Have you been trading inside bars for a long time? Trading is all about probabilities. This Shooting Star is still a little far away from the next resistance. However, it is still ok because Weekly Control Candle rejected it. It will be better if there are more confluences.Ignored
Strat's PASR Long Term, Stress Free Trading
- #8,622
- Nov 12, 2018 1:54am Nov 12, 2018 1:54am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
"What would you attempt to do, if you knew your success was a certainty?"
- #8,625
- Nov 12, 2018 2:52am Nov 12, 2018 2:52am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
"What would you attempt to do, if you knew your success was a certainty?"
- #8,626
- Nov 12, 2018 3:11am Nov 12, 2018 3:11am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
"What would you attempt to do, if you knew your success was a certainty?"
- #8,628
- Nov 12, 2018 5:42am Nov 12, 2018 5:42am
{quote} Hi Huatzhi, Shooting Star only appears at the end of the uptrend below resistance. It is not even an inverted hammer, because it is not at the end of a downtrend. I would prefer to call it a weak Shooting Star, ( no space to the left, no strong resistance zone above). Or even a Bond Shooting Star as termed by Strat. Maybe Shotting Star is a good name as well (Thanks Rufus!)
Yeah, I meant that. Both right above SR and not a confirmed swing high just reduce the chance of its going to be a good candle to determine it will be very bearish.
For what it's worth I've entered AUD/USD short after Thursday's candle last week. To me price was stalling approaching resistance, with a target that was greater than 1:1. Maybe I'm starting to "see beyond the candles", maybe I'm just being a nufty. {image}
As a SR area is right below the Shooting Star (that confluence with Strat Shadow), it isn't really the clearest PA on the chart. So I'll take a look at his buddy, NZDUSD as well.
BB of NZDUSD looks pretty convincingly bullish to me, though I might have been terrible since I might be manipulated by the opening bullish candle which can turn bearish anytime.
B get rejected(or maybe it just first test) by BRN 0.68, still in decent up swing.
W
Bullish Long Bar crossing Strat Shadow, L - H - HL - HH, Strat Shadow lines crossing. All these indicating potential strong uptrend forming.
I have a feeling it might be another trend that I do not know where to entry, just like current EURNZD. (That's why I need to rearrange my note)
Er hmm.. Back to topic. If NZDUSD is going to be bullish, there is a good enough chance that AUDUSD might be as well.
Just my opinion, I have not much confidence about this analysis, though, just provide another point of view.
- #8,629
- Nov 12, 2018 5:50am Nov 12, 2018 5:50am
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,526 Posts
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- #8,630
- Nov 12, 2018 5:57am Nov 12, 2018 5:57am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
Lucky? ....not really...
Following a system as guide, filtering the setups with your 'special EA' that lies between your ears...and sh*t should work
Following a system as guide, filtering the setups with your 'special EA' that lies between your ears...and sh*t should work
"What would you attempt to do, if you knew your success was a certainty?"
- #8,632
- Nov 12, 2018 6:59am Nov 12, 2018 6:59am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
Lucky? ....not really... Following a system as guide, filtering the setups with your 'special EA' that lies between your ears...and sh*t should work
- #8,634
- Nov 12, 2018 7:06am Nov 12, 2018 7:06am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
{quote} Shooting Stars IMHO, these are classic shooting stars exactly. {image}
Goodbye!
15 YEARS OF PASR ON FOREX FACTORY!
- #8,635
- Nov 12, 2018 7:24am Nov 12, 2018 7:24am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
"What would you attempt to do, if you knew your success was a certainty?"
- #8,636
- Nov 12, 2018 7:27am Nov 12, 2018 7:27am
- Joined Jan 2016 | Status: I am not a trader | 1,238 Posts
- #8,637
- Nov 12, 2018 7:31am Nov 12, 2018 7:31am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
AUDUSD
Good comments from Rufus and huatzhi - TRADERS HELPING TRADERS
The best ones have space to the left. This has very little
but it is right above of SR?
These are both good observations but they are focusing on one candle instead of the "big picture" PRICE ACTION around that candle.
AUDUSD has been in a sell since August 2011. PRICE is now at an important support area/zone/level. There are buyers willing to buy at this level BUT there are still sellers left holding their short positions as they did not get out when everyone else did. What is happening now is that these sellers are trying to close their positions with the best PRICE they can get so until they are all OUT, I expect PRICE to bobble up and down until there are more buyers than sellers.
AUDUSD A Shooting Star! (Or not?) {image}
The best ones have space to the left. This has very little
but it is right above of SR?
These are both good observations but they are focusing on one candle instead of the "big picture" PRICE ACTION around that candle.
AUDUSD has been in a sell since August 2011. PRICE is now at an important support area/zone/level. There are buyers willing to buy at this level BUT there are still sellers left holding their short positions as they did not get out when everyone else did. What is happening now is that these sellers are trying to close their positions with the best PRICE they can get so until they are all OUT, I expect PRICE to bobble up and down until there are more buyers than sellers.
15 YEARS OF PASR ON FOREX FACTORY!
- #8,638
- Nov 12, 2018 7:41am Nov 12, 2018 7:41am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
EURUSD and EURCAD M5
If you were exercising good money management and trade management practices, you would have been stopped out on your EURUSD and EURCAD whether it is "intraday", "scalping" or any other form of trading.
{quote} Yes, I know what you mean, but I set my SL around an SR...and I treat them as intraday trades not necessarily as scalps. {image} {image}
15 YEARS OF PASR ON FOREX FACTORY!
- #8,639
- Nov 12, 2018 8:13am Nov 12, 2018 8:13am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
{quote} Since im new in this method, i would rather prefer to not give advice about that. But...to answer you - my SL and TP is 20 pips plus spread. But I will cut it by hand if i dont like it as well as i will take smaller profit than initial Tp (min 20 pips), all depend on how the market dance in front of me. After all- she dance , and i try to understand whats her pace. lol Let's see these ones now... {image} {image}
I might be wrong but what I am highlighting below would keep me out of this
- #8,640
- Nov 12, 2018 8:13am Nov 12, 2018 8:13am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
NZDUSD
BB of NZDUSD looks pretty convincingly bullish to me, though I might have been terrible since I might be manipulated by the opening bullish candle which can turn bearish anytime.
PASR does not focus on individual candles on the Big Boss. The Big Boss is our bird's eye view from 50,000 feet (how many times do I have to write this?) We use the Big Boss to identify the sentiments and intentions of the Big Boys. Try and put yourself in the shoes of a "Big Boy" trading $millions and you will get a clearer picture.
B get rejected(or maybe it just first test) by BRN 0.68, still in decent up swing.
While what you have said is true, why did it happen? Did you toggle SR from the Big Boss and then add Boss SR? The reason is obvious and staring you in your face.
Worker - Bullish Long Bar crossing Strat Shadow, L - H - HL - HH, Strat Shadow lines crossing. All these indicating potential strong uptrend forming.
I have a feeling it might be another trend that I do not know where to entry, just like current EURNZD.
Had you toggled your SR down to the Boss to the Worker you would clearly SEE what is happening to PRICE.
Strat Shadow lines crossing.
PASR does not trade ""Strat Shadow lines crossing"". The correct terminology is ""the Strat Shadow is changing polarity from negative to positive"".
I have a feeling it might be another trend that I do not know where to entry, just like current EURNZD.
Then you need to re-read, learn and understand THE PATH. When the Big Boss and Boss are correctly aligned, we WAIT for the first retest of the Strat Shadow (or other support) to confirm the trend.
I'll post less here, may be some short replies.
Your choice of course, but why change something that was helping you?
{quote} Hi Miku, Yeah, I meant that. Both right above SR and not a confirmed swing high just reduce the chance of its going to be a good candle to determine it will be very bearish. {quote} I am not sure about that, guess I just have different opinion. As a SR area is right below the Shooting Star (that confluence with Strat Shadow), it isn't really the clearest PA on the chart. So I'll take a look at his buddy, NZDUSD as well. BB of NZDUSD looks pretty convincingly bullish to me, though I might have been terrible since I might be manipulated by...
PASR does not focus on individual candles on the Big Boss. The Big Boss is our bird's eye view from 50,000 feet (how many times do I have to write this?) We use the Big Boss to identify the sentiments and intentions of the Big Boys. Try and put yourself in the shoes of a "Big Boy" trading $millions and you will get a clearer picture.
B get rejected(or maybe it just first test) by BRN 0.68, still in decent up swing.
While what you have said is true, why did it happen? Did you toggle SR from the Big Boss and then add Boss SR? The reason is obvious and staring you in your face.
Worker - Bullish Long Bar crossing Strat Shadow, L - H - HL - HH, Strat Shadow lines crossing. All these indicating potential strong uptrend forming.
I have a feeling it might be another trend that I do not know where to entry, just like current EURNZD.
Had you toggled your SR down to the Boss to the Worker you would clearly SEE what is happening to PRICE.
Strat Shadow lines crossing.
PASR does not trade ""Strat Shadow lines crossing"". The correct terminology is ""the Strat Shadow is changing polarity from negative to positive"".
I have a feeling it might be another trend that I do not know where to entry, just like current EURNZD.
Then you need to re-read, learn and understand THE PATH. When the Big Boss and Boss are correctly aligned, we WAIT for the first retest of the Strat Shadow (or other support) to confirm the trend.
I'll post less here, may be some short replies.
Your choice of course, but why change something that was helping you?
15 YEARS OF PASR ON FOREX FACTORY!