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Strat's PASR Long Term, Stress Free Trading

  • #9,261
  • Dec 12, 2018 6:12pm Dec 12, 2018 6:12pm
Quoting Ali.J
USDCAD / Basic PASR Hello My friends ..... Because of greed, I could not SEE this red support area and the revers PASR ! My entry was fine according to PASR requirements (1:4 RR) : Support @ .566 200EMA 62Fibo. BOND shooting star & ALMOST BEOB . Moving SL to BE ,after the BEOB. Lesson : Not neglect any potential levels & pay attention to the market structure (Double Bottoms). {image} Any comment is welcome Regards
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PS if the price keep going down, we can always get in later with another PASR, or if they does not exist, there are other pairs around as well.
  • #9,262
  • Dec 12, 2018 6:42pm Dec 12, 2018 6:42pm
Quoting Francl
{quote} Hi Here I try again BB {image} B {image} W (I added additional SRs on worker with blue ) {image} Awaiting to your comments Igor
Hi, here is my try.

BB
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B
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big picture with lots of line that won't be use at the moment ( for me )
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W
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  • #9,263
  • Dec 12, 2018 6:45pm Dec 12, 2018 6:45pm
Quoting strat
{quote} You Trade all the Year? Yes. I used to stop for holidays but now I just carry on and trade what the Market gives me. Sometimes low volatility and low liquidity presents good trading opportunities.

I have a question about WCC and GAPS.

For Example:

AUDCAD BOSS

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The Candle that start with the High GAP and go to downside and close.

What is the real WCC? The Bullish Candle before of the GAP? or mix of both of them... The High of the GAP with the Lower of Bullish Candle?
  • #9,264
  • Dec 12, 2018 6:59pm Dec 12, 2018 6:59pm
Quoting HappyTrend
{quote} I have a question about WCC and GAPS. For Example: AUDCAD BOSS {image} The Candle that start with the High GAP and go to downside and close. What is the real WCC? The Bullish Candle before of the GAP? or mix of both of them... The High of the GAP with the Lower of Bullish Candle?
If my understanding is correct. The original candle stays the Control Candle until there is a weekly close outside of the Control Candles range. So even though the second candle opened outside the range the original range is still the one in charge.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,265
  • Dec 12, 2018 7:00pm Dec 12, 2018 7:00pm
Quoting HappyTrend
{quote} I have a question about WCC and GAPS. For Example: AUDCAD BOSS {image} The Candle that start with the High GAP and go to downside and close. What is the real WCC? The Bullish Candle before of the GAP? or mix of both of them... The High of the GAP with the Lower of Bullish Candle?
Bullish candle before the gap. The WCC only take note of the range of the WCC candle and the close. This is my understanding.
  • #9,266
  • Edited Dec 13, 2018 7:45am Dec 12, 2018 7:27pm | Edited Dec 13, 2018 7:45am
AUDCAD Boss Swing

Ok all... My thinking for this. Is it flawed?

Big Boss- 2 lower lows and a lower high

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Boss- The big red candle last week caught my eye. Was at resistance and close to 61.8 fib. If I drew the fib lines from another point 78.6. Kind of shows the variations of how different traders may draw them in. For me now Fibonacci is only a confirmation tool to PASR.

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Worker

With the close on Friday it made for over a 200 pip stop.

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I did not like the size of it so looked at the 4h for an entry with less stop size.

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My plan... If price came up to Resistance to then take it short.

Now it is time to wait.

(Edit) My plan for managing this position is as a Boss swing with the weekly chart.
Entry candle and PASR was the Boss.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,267
  • Edited 8:38pm Dec 12, 2018 8:03pm | Edited 8:38pm
Quoting Ali.J
USDCAD / Basic PASR Hello My friends ..... Because of greed, I could not SEE this red support area and the revers PASR.. {image} Any comment is welcome Regards
Could you let us know your answers to below questions

1. what strategy you trading in M5. Basic PASR, M5 trend trading?
2. which session you trading. Asian,London or New york?
3. why you trading M5 ? is this live ?

see my comments on your chart, we normally do not use Fibb's to make trading decisions.only to see extra confluence.

Next.. Fibbs in M5 ?..I wouldn't do that..

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Focus, Patience, Discipline, Determination and Perseverance
  • #9,268
  • Dec 12, 2018 11:00pm Dec 12, 2018 11:00pm
Quoting strat
PASR THE PATH {quote}
. The one thing missing on this is what you need to focus on next and what you need help with..

Strat.

I will be replying to this. Thinking things through
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,269
  • Dec 12, 2018 11:58pm Dec 12, 2018 11:58pm
Quoting Rufus
AUDCAD Boss Swing Ok all... My thinking for this. Is it flawed? Big Boss- 2 lower lows and a lower high {image} Boss- The big red candle last week caught my eye. Was at resistance and close to 61.8 fib. If I drew the fib lines from another point 78.6. Kind of shows the variations of how different traders may draw them in. For me now Fibonacci is only a confirmation tool to PASR. {image} {image} {image} Worker With the close on Friday it made for over a 200 pip stop. {image} I did not like the size of it so looked at the 4h for an entry with less...
Here is my opinion.

- That is not the most elaborative Shooting star. It's small and its just one candle away to have something on the left. (would prefer waiting for BEEB or BEOB, or one sore thumb that stand out)
- Not sure if I understand it correct, you plan to manage your trade on weekly (since you are trading boss swing), and reduce your stop by looking for entry on H4? I do not think this is a good idea unless you are going to manage your trade on H4. How about 2 times the ATR? Or wait for a BEEB that close below to confirm the daily swing high before enter?
- Also just another question, do you mean you use fib to 'confirm' a trade? Or confluence a trade for better confidence?
  • #9,270
  • Dec 13, 2018 1:29am Dec 13, 2018 1:29am
Quoting Rufus
{quote} If my understanding is correct. The original candle stays the Control Candle until there is a weekly close outside of the Control Candles range. So even though the second candle opened outside the range the original range is still the one in charge.
Quoting huatzhi
{quote} Bullish candle before the gap. The WCC only take note of the range of the WCC candle and the close. This is my understanding.


Thank both of you... Yes i always draw the "Original" Candle without a GAP... but always i have that question and always got confuse.. is the reason that im Ask.. Lets see what Strat says for see if we are correct hehe.
  • #9,271
  • Edited 2:08am Dec 13, 2018 1:49am | Edited 2:08am
Quoting Rufus
{quote} If my understanding is correct. The original candle stays the Control Candle until there is a weekly close outside of the Control Candles range. So even though the second candle opened outside the range the original range is still the one in charge.
Hi huatzhi,
I would agree with Rufus.
The close of the weekly candle has to be above/below the high/low of the actual WCC AND the following candle has to close within the WCC to confirm it. Then it becomes the new WCC.
In your example: your second candle from the right did not close outside the WCC (third candle), so it is not a new WCC.
Hope that helps.
Greetings, Markus
  • #9,272
  • Dec 13, 2018 3:22am Dec 13, 2018 3:22am
Quoting huatzhi
{quote} Hi, here is my try. BB {image} B {image} big picture with lots of line that won't be use at the moment
Thanks Huatzhi, regarding to different brokers data I see it's quite similair, I only remove my 1.5158 on weekly which wasn't respected so much.
Regards
Igor
  • #9,273
  • Dec 13, 2018 7:44am Dec 13, 2018 7:44am
Quoting huatzhi
{quote} Here is my opinion. - That is not the most elaborative Shooting star. It's small and its just one candle away to have something on the left. (would prefer waiting for BEEB or BEOB, or one sore thumb that stand out) - Not sure if I understand it correct, you plan to manage your trade on weekly (since you are trading boss swing), and reduce your stop by looking for entry on H4? I do not think this is a good idea unless you are going to manage your trade on H4. How about 2 times the ATR? Or wait for a BEEB that close below to confirm the daily...

I edited my post a little more.

My plan. The entry candle was the Boss candle. All I was going for was less stop size so was looking for some sort of area for price to retrace into. Was even going to set a limit order there, just happened to see it. I really didn't care about PASR on the 4h chart. My PASR was the weekly candle.

As for fibs. They don't make it on my chart very often. More of a curiosity and confluence thing. If there is confluence great if not, no big deal.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,274
  • Dec 13, 2018 9:41am Dec 13, 2018 9:41am
USDCAD

Quoting huatzhi
{quote} {image} PS if the price keep going down, we can always get in later with another PASR, or if they does not exist, there are other pairs around as well.
Very valuable comments, thank you, huatzhi - Trader helping traders
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,275
  • Dec 13, 2018 9:48am Dec 13, 2018 9:48am
PASR THE PATH

Quoting huatzhi
{quote} Hi, here is my try. BB {image} B {image} big picture with lots of line that won't be use at the moment ( for me ) {image} W {image}
Again, very good huatzhi - Trader helping traders

Consolidation is overlooked and ignored by most traders but PASR uses it as another level of Support and Resistance.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,276
  • Dec 13, 2018 9:51am Dec 13, 2018 9:51am
Weekly Control Candle

Quoting HappyTrend
{quote} I have a question about WCC and GAPS. For Example: AUDCAD BOSS {image} The Candle that start with the High GAP and go to downside and close. What is the real WCC? The Bullish Candle before of the GAP? or mix of both of them... The High of the GAP with the Lower of Bullish Candle?
What are the conditions to qualify a Weekly Control Candle?

What is the most IMPORTANT PRICE level in PASR?

If you know these then you can answer your own question.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,277
  • Dec 13, 2018 9:56am Dec 13, 2018 9:56am
Quoting strat
Weekly Control Candle {quote} What are the conditions to qualify a Weekly Control Candle? What is the most IMPORTANT PRICE level in PASR? If you know these then you can answer your own question.
1) The Next Candle, his close is inside of the last candle.

2) The Close of the Candle.
  • #9,278
  • Dec 13, 2018 10:30am Dec 13, 2018 10:30am
AUDCAD Boss Swing

Quoting Rufus
AUDCAD Boss Swing Ok all... My thinking for this. Is it flawed? Big Boss- 2 lower lows and a lower high {image} Boss- The big red candle last week caught my eye. Was at resistance and close to 61.8 fib. If I drew the fib lines from another point 78.6. Kind of shows the variations of how different traders may draw them in. For me now Fibonacci is only a confirmation tool to PASR. {image} {image} {image} Worker With the close on Friday it made for over a 200 pip stop. {image} I did not like the size of it so looked at the 4h for an entry with less...
What's with the new colour scheme John?

Big Boss is in a 5 year RANGE so Basic PASR or Swing PASR is the order of the Month

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Boss- The big red candle last week caught my eye.

I don't see a "big red candle" on your chart

Was at resistance and close to 61.8 fib. If I drew the fib lines from another point 78.6.

Yes, you can draw fibonacci from everywhere and anywhere and most on this, and other public trading Forums do, BUT, if you understand Market Structure and Market PRICE Action, you will know that, for it to be meaningful to us, as PASR traders, it must be drawn on MAJOR swings. Anywhere else and you are only measuring that increment of the MAJOR swing.

So, just toggling the Big Boss down to the Boss, we can see the FAILED swing at the confluence of 200, the median line and SR.

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Just toggling down to the Worker just says to me "Find another pair"

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Are you trying to trade what isn't there?

We only want to trade HIGH probability PASR trades so only trade PASR "Sore Thumb" trades.

Thanks huatzhi for being the only one to help John - Trader helping traders.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,279
  • Edited 11:11am Dec 13, 2018 10:32am | Edited 11:11am
Weekly Control Candle

Quoting HappyTrend
{quote} 1) The Next Candle, his close is inside of the last candle. 2) The Close of the Candle.
Show your Weekly Control Candle on your chart
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,280
  • Dec 13, 2018 10:55am Dec 13, 2018 10:55am
Quoting strat
Weekly Control Candle {quote} Show your Weekly Control Candle on your chart
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