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  • #8,721
  • Nov 15, 2018 5:51am Nov 15, 2018 5:51am
Just a quick hello and thank you to you stat. I'm only on page 2 of this thread but will eventually catch up, hoping to read it all this weekend. Let me just say a big WOW how much my trading has changed for the better only after 2 pages. You are a master my friend. speak to you all in the near future
  • #8,722
  • Nov 15, 2018 6:18am Nov 15, 2018 6:18am
Quoting Macedonia
Just a quick hello and thank you to you stat. I'm only on page 2 of this thread but will eventually catch up, hoping to read it all this weekend. Let me just say a big WOW how much my trading has changed for the better only after 2 pages. You are a master my friend. speak to you all in the near future
Welcome, I would suggest to start with the old thread.
There is no rush. Take your time to read an (more important) to understand.
Reading all at one Weekend is probabliy impossible. But market will still be there when you finished reading.
  • #8,723
  • Nov 15, 2018 6:27am Nov 15, 2018 6:27am
just a quick self analysis using what iv'e read so far using PASR (please correct me if you may)
This is just a practice account.

XAUUSD a perfect retrace twice to 50% fib which shows its a tough resistance. But the 3rd last candle has ended up a hammer coming off a confluence of two MA's i trust in meaning its a hammer off a very strong support. its going to be a battle, i traded for a long after the hammer, stop loss below the hammer which is also bellow the confluence of MA'S. Its a small risk.
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PS... Thanks Malu the above will be my last post till i catch up reading. I'm just putting myself through an early exam if knowing the very basics.
  • #8,724
  • Nov 15, 2018 6:55am Nov 15, 2018 6:55am
Quoting Macedonia
just a quick self analysis using what iv'e read so far using PASR (please correct me if you may) This is just a practice account. XAUUSD a perfect retrace twice to 50% fib which shows its a tough resistance. But the 3rd last candle has ended up a hammer coming off a confluence of two MA's i trust in meaning its a hammer off a very strong support. its going to be a battle, i traded for a long after the hammer, stop loss below the hammer which is also bellow the confluence of MA'S. Its a small risk. {image} PS... Thanks Malu the above will be my last...
Hi , welcome
Although it looks good , you need to be careful and consider where price is at the moment (and recent price action)
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since you are using MT4 you can search both threads for the shadow indicator and different templates.
fib retracements dont count that much in my opinion. price action confirmation matters above all else

EDIT: while I was posting this , I guess you have been stopped out. I was trying to understand the hammer candle. Honestly I wouldnt trade it long considering those upper wicks on the H4 candles
  • #8,725
  • Nov 15, 2018 7:08am Nov 15, 2018 7:08am
Quoting Macedonia
just a quick self analysis using what iv'e read so far using PASR (please correct me if you may) This is just a practice account. XAUUSD a perfect retrace twice to 50% fib which shows its a tough resistance. But the 3rd last candle has ended up a hammer coming off a confluence of two MA's i trust in meaning its a hammer off a very strong support. its going to be a battle, i traded for a long after the hammer, stop loss below the hammer which is also bellow the confluence of MA'S. Its a small risk. {image} PS... Thanks Malu the above will be my last...
XAUUSD
The Big Boss, Boss, and Worker are in perfect harmony, so going long will be very dangerous.
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In fact, I just entered a short trade after the Engulfing candle on H4.
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Let's see how it pans out. I have a plan, and I will trade it as I have planned.
  • #8,726
  • Edited 8:17am Nov 15, 2018 7:24am | Edited 8:17am
Hi

I did not posts for awhile so I'll do some catch up.

Quoting Macedonia
just a quick self analysis using what iv'e read so far using PASR (please correct me if you may) This is just a practice account. XAUUSD a perfect retrace twice to 50% fib which shows its a tough resistance. But the 3rd last candle has ended up a hammer coming off a confluence of two MA's i trust in meaning its a hammer off a very strong support. its going to be a battle, i traded for a long after the hammer, stop loss below the hammer which is also bellow the confluence of MA'S. Its a small risk. {image} PS... Thanks Malu the above will be my last...
So you're on H1. By using 3TF analysis from PASR, you might want to check your BB(D1) first.

BB(D1)
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The price is just crossed a pretty strong support downard, now retesting the same level as resistance. The long upper wick show that the sellers willing to protect the area. Strat Shadow also just changed its polarity back to negative.

B(H4)
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Last candle was shooting star (at least for now, I think it is still visible at the time you took your screenshot).
- 2 times testing BB resistance confluence with Strat Shadow and 200ema, it further suggest that sellers really want to protect this area.
- The red river of Strat Shadow is just showing a strong momentum downward.
- Though price is currently stuck inside Strat Shadow/IB, IB in resistance often means potential reversal, with so many SR confluences.
- (edited) in up swing as swing low just confirmed.

W(H1)
From the result of BB and B, there is very unlikely that we are going to take a buy trade. (at least for my opinion)
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200EMA confluence with BB resistance, BEOB formed.
- Double top confluences.
- As strat shadow now acting as support, the price is wobbling when it cross.

That's just my opinion though. 3TF confluences on bearish. I did not see the "strong support" you referring to, so... I may be missing something?

the above will be my last post till i catch up reading
You can comment on other people posts with what you have learned over here, it help to exercise your PASR knowledge. Keep hanging around.
  • #8,727
  • Nov 15, 2018 7:40am Nov 15, 2018 7:40am
Quoting MikuSS
In fact, I just entered a short trade after the Engulfing candle on H4.
I know the 1 hourly chart is not everyone's cup of tea, but i find it works ok for me. I should have noticed the BEOB preceding the hammer i entered and it wasn't a safe scenario.

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By the way, the bulls keep fighting with those long bottom wiks. one has to give.
  • #8,728
  • Nov 15, 2018 8:08am Nov 15, 2018 8:08am
Quoting Radhe2209
{quote} Hi Huatzhi What page does the link open to... takes me to a generic page?
Hi Radhe2209,

Rub had posted it on #8720.

Quoting JCMPete
{quote} Hi Strat So the short of it...yes, I am procrastinating in getting my feet wet. Being a good analyst without action means nothing as you quite rightly say. There is no gain sitting on the grandstand shouting insults at the Ref if my team doesn't win. My team consists me, myself and the man in the mirror....and off course the Ref, which by the way is a strict but fair referee. Never let it be said that I blame the ref in the outcome of my game (Trading Business ( Game in the analogy but it is not a game,it is a deadly serious business which...
I will not post any commentary until such time I have earned my colors

I had the same thoughts. However, I kind of feel obligated to post here in order to help myself. So I end up instead of actually ""commenting"" others post, I just post what I see if I want to take the same analysis/trade, just provider another point of view. Some of the ''comment'' I posted, I actually have no confidence at all whether it is right or wrong. If I feel bad, I'll just mention that I am still learning and wouldn't sure if I am actually right. (Just look at how many of my comments had screwed up past few days)

Comment doesn't means it have to "correct the others", even when agree-ing with people, you might see what I did not, pointing that out might actually helping me.

Quoting Zanek
Hi gang, I would like your opinion on the H4 shooting stars, that appeared this morning on EUR pairs. I only took the EURUSD one, as it was as textbook as you can get. Would you have taken the others as well, why and why not? EURUSD - clear PASR {image} {image} EURJPY - would the resistance at 128.450 have scared you off? {image} {image} EURCAD - would you consider 1.4938 and previous day BUEB good enough to prevent you from taking the trade? {image} {image} Comments welcome! Cheers
Ignoring the candle close issue, base on your chart, for practice purpose, EURJPY I would wait for your current(the one on your screenshot) candle to close below the Shooting Star to entry confirm as the shooting star does not confluence with any thing in your chart outside of Strat Shadow. (and then RR might still not be wroth it)

I would not enter EURCAD as that's definitely a doji for me. At least I do not understand gravestone doji enough for me to actually trade it comfortably now.
  • #8,729
  • Nov 15, 2018 8:21am Nov 15, 2018 8:21am
Quoting Macedonia
just a quick self analysis using what iv'e read so far using PASR (please correct me if you may) This is just a practice account. XAUUSD a perfect retrace twice to 50% fib which shows its a tough resistance. But the 3rd last candle has ended up a hammer coming off a confluence of two MA's i trust in meaning its a hammer off a very strong support. its going to be a battle, i traded for a long after the hammer, stop loss below the hammer which is also bellow the confluence of MA'S. Its a small risk. {image} PS... Thanks Malu the above will be my last...

Hello, remember that we do not trade MAs... Read all the read before you try to post an any analysis, you are going to see too many answers. After you read the thread, now start posting the analysis.

If you are only at the first page of the Thread, I dont know whay you have all those lines.
  • #8,730
  • Edited 8:53am Nov 15, 2018 8:28am | Edited 8:53am
Hello huatzhi,

This XAUUSD is the Devil. The last hourly candle (if i'm reading it correctly) moved 600 pips. It can eat you up on long term charts which is why i won't trade this particular pair above 1 hour chart. Yes long term its bearish, but what i did was buying on retrace after this recent bear run using PASR (Price Action Support Resistance) alone. I was successful at first taking profit at 50% fib retrace (check my previous post showing the retrace to 50% to the pip) and tried jumping back on for a long after it came back to my hourly MA support line (confluence of perforated Blue line and solid white line)

Looking at my chart iv'e drawn a line where the 1st dip on this retrace ends followed by another dip just below it, telling me this was nothing but a stop hunt (Remember Dr Joe) right on New York Open. Bastards.
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  • #8,731
  • Edited 8:48am Nov 15, 2018 8:38am | Edited 8:48am
Quoting HappyTrend
{quote} Hello, remember that we do not trade MAs... Read all the read before you try to post an any analysis, you are going to see too many answers. After you read the thread, now start posting the analysis. If you are only at the first page of the Thread, I dont know whay you have all those lines.
Not trading MAs as a signal, just using them as S/R as Strat mentions in the beginning ..... like your 20ema and so on.

Regarding analysis, the intention was at receiving constructive criticism understanding PA rather than instructing anyone what to do or sending mixed signals, if thats what you are suggesting, i apologise if that's the way i came across.
  • #8,732
  • Nov 15, 2018 8:39am Nov 15, 2018 8:39am
Quoting Macedonia
{quote} Not trading MAs as a signal, just using them as S/R and if they have an effect on PA..... like your 20ema and so on.
Is not MAs! Is STRAT SHADOW.
  • #8,733
  • Edited 11:07am Nov 15, 2018 9:02am | Edited 11:07am
Hi Strat (and all),

Today's trade..

USDJPY

Weekly
PRICE at historical swing high showing some reaction.
Attached Image (click to enlarge)
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Daily
two doji's proceeded by bearish bar indicating sellers.
Attached Image (click to enlarge)
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H4

BEEB shows.. sellers in action
Attached Image (click to enlarge)
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H1
PRICE crossed the H1 trading range and showing resistance to 200 and lower level of the range. Entered two positions
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And then I droped down to M15 and tried to sell every pull back
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couldn't hold on to this trade any longer (as my little people wanted some thing). so pulled the plug.

On to next trade

Any comments much appreciated.

Suranga

P.S. My Stop-losses are only for emergency.My plan was to manage trades based on what PRICE is doing in relation with Strat Shadow and S/R levels
Focus, Patience, Discipline, Determination and Perseverance
  • #8,734
  • Edited 9:40am Nov 15, 2018 9:06am | Edited 9:40am
Quoting Macedonia
Hello huatzhi, This XAUUSD is the Devil. The last hourly candle (if i'm reading it correctly) moved 600 pips. It can eat you up on long term charts which is why i won't trade this particular pair above 1 hour chart. Yes long term its bearish, but what i did was buying on retrace after this recent bear run using PASR (Price Action Support Resistance) alone. I was successful at first taking profit at 50% fib retrace (check my previous post showing the retrace to 50% to the pip) and tried jumping back on for a long after it came back to my hourly MA...
Macedonia,

I don't know if this will help you but here, the TF you trade needs to take into account the 2 higher TFs that always command the TF you are trading, (except for M5 which follows other rules).

I follow Gold closely, and this is what I saw to adapt to your H1 trading, i.e. the daily and the H4 that will tell H1 what to do:

Daily: bearish, currently retracing
Attached Image (click to enlarge)
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H4: double top at 1216, potential third top in formation
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H1: not really a shooting star because of its placement, but you may want to attempt a sell here depending on your risk appetite
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M5 (basic PASR): if you were comfortable with all this above, you could have attempted to sell on M5
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I hope this helps
  • #8,735
  • Nov 15, 2018 9:15am Nov 15, 2018 9:15am
Quoting Suran
Hi Strat (and all), Today's trade.. USDJPY Weekly PRICE at historical swing high showing some reaction. {image} Daily two doji's proceeded by bearish bar indicating sellers. {image} H4 BEEB shows.. sellers in action {image} H1 PRICE crossed the H1 trading range and showing resistance to 200 and lower level of the range. Entered two positions {image} And then I droped down to M15 and tried to sell every pull back {image} couldn't hold on to this trade any longer (as my little people wanted some thing). so pulled the plug. On to next trade Any comments...
I like the execution of the trades . nice trading
  • #8,736
  • Edited 9:52am Nov 15, 2018 9:31am | Edited 9:52am
GBP

Quoting BeyondTheSea
{quote} The PM’s cabinet has supported her chequers proposal this evening but it has to get through parliament now. If that fails she’s probably a gonner. As for a new referendum it cannot happen as it undermines our democracy. Having said that we live in strange times.... they may try to fudge something at the late stage but more than half the country still want to leave. The media/political elite got it wrong the 1st time and even if it went to a 2nd referendum I think they’d get it wrong again! What then ref 3 or 4 until they get what they want?...
Nathan, was it something you said?

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Looks like New York don't know what to do with it! Instead they are focusing on EUR pairs
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,737
  • Nov 15, 2018 9:34am Nov 15, 2018 9:34am
NZDUSD H4

Quoting TerryDawe
{quote} From what I can see, this looks like a Potential M pattern setting up. I am continuing to try to find my ideal time frame to trade and in this case I tried using the Weekly as my Big Boss, Daily as Boss and H4 as worker. So in this case the BB is up, the Boss shadow turned positive and was also up. Once it reached the 200ema, I set that candle as a control candle and traded long once price reached its bottom using H1 time frame for a better entry. Target was back to the BRN .6800 so closed the trade at that level for 55 pips. {image} {image}...
Good for you, Terry!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,738
  • Nov 15, 2018 9:49am Nov 15, 2018 9:49am
PASR THE PATH

Quoting Macedonia
Just a quick hello and thank you to you stat. I'm only on page 2 of this thread but will eventually catch up, hoping to read it all this weekend. Let me just say a big WOW how much my trading has changed for the better only after 2 pages. You are a master my friend. speak to you all in the near future
So, 10 years of thread hopping in and out of indicator and EA Land!

How long will you devote to PASR?

From Post 1:

My PASR strategy is very successful and profitable and has produced many CONSISTENTLY PROFITABLE traders who are now full time and trade for their living. HOWEVER, it has not been done overnight, nor has it been a “GET RICH QUICK” strategy. These CONSISTENTLY PROFITABLE traders now trading for their living, have taken on average, over 3 years to reach that status. These traders have READ, LEARNED and UNDERSTOOD, spent thousands of hours on thousands of charts and practiced over and over and over and…………………

I will help all those who are GENUINELY interested in trading for a living but will ignore all those looking for shortcuts or who will not READ and UNDERSTAND and PRACTICE the strategy.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,739
  • Edited 11:04am Nov 15, 2018 10:19am | Edited 11:04am
Quoting strat
NZDUSD H4 {quote} Good for you, Terry!
Thanks Strat,

New trade taken this morning on NZDCAD H1:
Nice saw tooth pattern albeit a lot later than I should have entered. I had marked the recent Daily up bar on November 7th and then stopped looking at it since I am looking at all pairs every day and not focusing enough on everyone. Had I taken the H1 entry once that Daily bar high was breached, I would now be in with 80 pips in my account with entry at NY open November 13th.

Note to self, pay more attention..........this is a business, not a hobby. At least once I get proficient enough to increase lot size.

Regards
Terry

OUCH: Talk about not paying attention or focusing..... Didn't take into account the BRN .9000 right where I entered, rather stupid actually. Going to leave trade on but it appears that I will probably get stopped out.
Attached Image(s) (click to enlarge)
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  • #8,740
  • Nov 15, 2018 11:00am Nov 15, 2018 11:00am
Quote
Quoting strat
NZDUSD {quote} Take note of good comments from huatzhi and Rub - TRADERS HELPING TRADERS - where is everyone else? Big Boss: down trend, but bounced from support, swing low is confirmed Swing low is NOT confirmed - confirmation cannot happen until the Market CLOSES on November 30, 2018 What is the 20 and 72? "inverted hammer" There is no ""inverted hammer"" in PASR but no good RR cause above is SR and ema 200, will wait if this could be taken out, I will look also H4 or H1 for potential entry. Good There is a candle pattern
...
...[/quote]...[/quote]

Thanks Strat, appreciate your comments,

"There is a candle pattern on the Worker and all time frames below it. Do you SEE it and know what it means?"

pls tell me if I understand correct the PASR because this is very important to me:
in below picture I marked a signal candle and entry point on D1 for NZDUSD analysed in my post. Marked candle is bulish engulfing candle (also outside bar) and taken out previous high and also closed above previous high (candle 2) what confirmed swing low?, or should it close above the high of candle 1 also?? (which in this case did).
On the D1 entry should be e few pips above signal candle
Attached Image (click to enlarge)
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Regards
Igor
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