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  • #9,321
  • Dec 16, 2018 4:20pm Dec 16, 2018 4:20pm
AUDUSD - BB is in a downtrend, bounced off support at .705'ish in Nov. Boss had a giant bearish engulfing the week before last; I don't have a WCC as the previous poster does, as far as I can tell, last week I see a close below the prior week (confirming the BEEB); price closed on support at 0.71744 after testing lower prices. Worker shows a shooting star on Thursday, confirmed the following day but still sitting on support. I'd place a sell stop under the tail of the Friday bar with an SL above support, TP is down at .70500.

Monthly:
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Weekly:
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Daily:
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  • #9,322
  • Dec 16, 2018 4:59pm Dec 16, 2018 4:59pm
Quoting tommyFL
AUDUSD - BB is in a downtrend, bounced off support at .705'ish in Nov. Boss had a giant bearish engulfing the week before last; I don't have a WCC as the previous poster does, as far as I can tell, last week I see a close below the prior week (confirming the BEEB); price closed on support at 0.71744 after testing lower prices. Worker shows a shooting star on Thursday, confirmed the following day but still sitting on support. I'd place a sell stop under the tail of the Friday bar with an SL above support, TP is down at .70500. Monthly: {image} Weekly:...
You should probably reread the description of a WCC.
  • #9,323
  • Dec 16, 2018 5:46pm Dec 16, 2018 5:46pm
Quoting tommyFL
AUDUSD - BB is in a downtrend, bounced off support at .705'ish in Nov. Boss had a giant bearish engulfing the week before last; I don't have a WCC as the previous poster does, as far as I can tell, last week I see a close below the prior week (confirming the BEEB); price closed on support at 0.71744 after testing lower prices. Worker shows a shooting star on Thursday, confirmed the following day but still sitting on support. I'd place a sell stop under the tail of the Friday bar with an SL above support, TP is down at .70500. Monthly: {image} Weekly:...
Read again about WCC...

We are inside of WCC... Almost it close outside but in the last 8hours of friday the price go up and close inside of WCC.
  • #9,324
  • Dec 16, 2018 5:59pm Dec 16, 2018 5:59pm
[quote=tommyFL;11801969]AUDUSD - I don't have a WCC as the previous poster does, as far as I can tell, last week I see a close below the prior week (confirming the BEEB); price closed on support at 0.71744 after testing lower prices.

TommyFL,

Even rereading definition of WWC you are liable to miss what Terry is talking about.
A WCC is finalized by having a weekly candle break it's support or resistance with a close.
The Wide Range Bar noted on my chart is not a weekly close but a weekly gap open,
therefore no ending of WCC.

Hope this helps..

Frank
https://www.forexfactory.com/attachm...1&d=1545001064
Attached Image
  • #9,325
  • Dec 16, 2018 6:10pm Dec 16, 2018 6:10pm
Quoting TerryDawe
{quote} You should probably reread the description of a WCC.
Yep, I'm looking at the wrong candle, in the first place, and then only open/close...
  • #9,326
  • Dec 16, 2018 7:02pm Dec 16, 2018 7:02pm
Quoting HappyTrend
AUDJPY BOSS {image} Worker {image} H4 {image} Every Worker Candle Close is the time where im going to check the charts... include the H4 Charts.. {quote} Well.... In that I AGREE... Im Crazy, is the reason that im working hard in this profession... Because -> in me personal opinion <- Work as a Trader.. is not for everyone... only for the Hard and Crazy Mind!
May be you can start from BB instead? Here is what I see if I start on BB:

BB
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It is directionless, going up and down within a small area in a coil. It is testing Strat Shadow.


B
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We got a Strat Straddle bearish with a big BEOB. While last week is a doji and it form a new WCC,

W
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we can see the down swing is very strong while up swing is short and full of doji, and quickly get resisted by 200ema confluence.

Boss PA confluence, 200ema confluence, 2 Strat Straddle, I think its pretty decent entry for basic PASR setup.

Just my opinion though, you may be wanting to trade on H4 too much? (May be just my wrong guess)
  • #9,327
  • Dec 16, 2018 8:09pm Dec 16, 2018 8:09pm
Quoting huatzhi
{quote} May be you can start from BB instead? Here is what I see if I start on BB: BB {image} It is directionless, going up and down within a small area in a coil. It is testing Strat Shadow. B {image} We got a Strat Straddle bearish with a big BEOB. While last week is a doji and it form a new WCC, W {image} we can see the down swing is very strong while up swing is short and full of doji, and quickly get resisted by 200ema confluence. Boss PA confluence, 200ema confluence, 2 Strat Straddle, I think its pretty decent entry for basic PASR setup....

I dont know what you mean about "I think its pretty decent entry for basic PASR setup. Just my opinion though, you may be wanting to trade on H4 too much?" As i said.. im not looking to trade every H4 ... Im looking every 24 hours the charts.. and if i see something in daily im going lower watching H4 for look behind of that candle what is going on...

Ok let me send to you this:

AUDJPY

BB

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BOSS

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WORKER

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If you are thinking that im checking now every 4hrs for made my decisions.. well that is wrong... and if you think that i write in the H4 Chart that in the first signal im going long... Well that is correct but IM WATCHING EVERY 24HOURS THE CHARTS.... again, im looking workers candles and if i see something im going to H4... In a few words... If i see buyers on worker im going H4... if i see any signal on worker or H4... im doing my plan.

The reason?? Because we are in a RANGE and is for BASIC PASR.
  • #9,328
  • Dec 16, 2018 11:49pm Dec 16, 2018 11:49pm
Quoting HappyTrend
USDMXN Another Trade from 6 of December. BOSS {image} WORKER {image} In Worker Chart i mark with an arrow and "Question*" there is a signal against of my entry. BUEB at StratShadow.. i didnt take any action because im taking note of everything... I didnt take any action because there is a big Resistance in there, my plan is leave the trade for the first important zone (bottom of WCC). In my notes i have this questions: 1) BUEB against my trade in this situation... Can be better close my trade.. wait the next candle if continue going up, or reject.....
1. I would take the BUEB as a warning that price might go against me, personaly I'd probably move to break even if I could.
2. You could take this course of action. Pretty much this all comes down to trade management, you've got to find what works for you and you're comfortable with.
Quoting TerryDawe
Probably not much trading going on through the holiday period but if one were to look for a trade: NZDCAD Boss confirmed swing down last week following a long legged doji last week. NZDJPY Boss confirmed swing down last week. CADJPY Boss BEEOB while in down swing. EURUSD Boss BEOB last week while in down swing. NZDUSD Boss confirmed swing down last week. AUDJPY Boss BEOB (straddle) two weeks ago, now in a WCC. EURAUD Boss BUEOB two weeks ago, now in a WCC. AUDUSD Boss BEEOB two weeks ago, confirmed swing down this week and in a WCC. There are those...
Terry, it looks a lot like we're seeing much the same things. Weak NZD and AUD across the board. I've already gone short AUD/JPY based on a 4hr entry, but I like the worker bar too.

Quoting tommyFL
AUDUSD - BB is in a downtrend, bounced off support at .705'ish in Nov. Boss had a giant bearish engulfing the week before last; I don't have a WCC as the previous poster does, as far as I can tell, last week I see a close below the prior week (confirming the BEEB); price closed on support at 0.71744 after testing lower prices. Worker shows a shooting star on Thursday, confirmed the following day but still sitting on support. I'd place a sell stop under the tail of the Friday bar with an SL above support, TP is down at .70500. Monthly: {image} Weekly:...
Terry is right, brush up on your weekly control candles, and I'd add candle recondition too. That's more of a doji than shooting star, too much of a lower wick. Other than that your plan is good, you could check the four hour candles to try to get a smaller stop loss but that is only if it fits your life.

Quoting HappyTrend
{quote} I dont know what you mean about "I think its pretty decent entry for basic PASR setup. Just my opinion though, you may be wanting to trade on H4 too much?" As i said.. im not looking to trade every H4 ... Im looking every 24 hours the charts.. and if i see something in daily im going lower watching H4 for look behind of that candle what is going on... Ok let me send to you this: AUDJPY BB {image} BOSS {image} WORKER {image} If you are thinking that im checking now every 4hrs for made my decisions.. well that is wrong... and if you think...
If you are trading the daily, trade the daily. It will just mess up your thinking looking at the four hour charts during the day.
  • #9,329
  • Dec 17, 2018 12:01am Dec 17, 2018 12:01am
Quoting Rub
If you are trading the daily, trade the daily. It will just mess up your thinking looking at the four hour charts during the day.
Omg.. i think i need some english class hahaha...

Im saying that IM NOT LOOKING EVERY FOUR HOURS DE CHARTS.. IM LOOKING EVERY 24HOURS THE CHARTS.

Every 24 Hours i check Daily and H4 Charts..

(Every time that i check H4 charts has been pass 6 candles..)
(Every 5pm new york time i check H4 charts)

I dont know how i can be more precise, im going to sleep. Goodnight.
  • #9,330
  • Edited 5:29am Dec 17, 2018 4:55am | Edited 5:29am
Quoting HappyTrend
{quote} I dont know what you mean about "I think its pretty decent entry for basic PASR setup. Just my opinion though, you may be wanting to trade on H4 too much?" As i said.. im not looking to trade every H4 ... Im looking every 24 hours the charts.. and if i see something in daily im going lower watching H4 for look behind of that candle what is going on... Ok let me send to you this: AUDJPY BB {image} BOSS {image} WORKER {image} If you are thinking that im checking now every 4hrs for made my decisions.. well that is wrong... and if you think...
Chill, as I said, its just my opinion, not fact. I just really point it out as a doubt.
The main reason I said it is, you are starting with B instead of BB.
I just feel weird that your analysis start from Weekly instead of Monthly when you are actually analyse only on EoD.

Plus, you get all defensive and well...
Misunderstanding happens from time to time, when my post get misunderstood by one where I think it is clear enough, I'll just move on to other topic anyway. While if there are a couple of people misunderstood me, maybe is my wording, so I just do a simple clarify and that's it. Anything more is kinda one doubting himself (at least its just my opinion though, could be wrong)

And also, I kinda have a stereotype, where if one only analyse chart on EoD, he is only trading on Daily chart.

Meanwhile, I do believe some said that while someone actively want to do something, unconsciously he may prefer otherwise, which might affect his behaviors/actions. I think little people is probably one of them.

-------

I think I understand Rub's point. What he suggest is, if you going to trade on only EoD, trade daily chart. Do not try to look for entry in H4 as you aren't going to manage it for the next 5 candle. Looking at the H4 chart might confuse your daily entry.
  • #9,331
  • Dec 17, 2018 8:53am Dec 17, 2018 8:53am
Quoting huatzhi
{quote} Chill, as I said, its just my opinion, not fact. I just really point it out as a doubt. The main reason I said it is, you are starting with B instead of BB. I just feel weird that your analysis start from Weekly instead of Monthly when you are actually analyse only on EoD. Plus, you get all defensive and well... Misunderstanding happens from time to time, when my post get misunderstood by one where I think it is clear enough, I'll just move on to other topic anyway. While if there are a couple of people misunderstood me, maybe is my wording,...
Hello, Goodmorning...

I start with BB always for Support Resistance and check where im at.

"you get all defensive"

Hmmm i dont know if i sound defensive, maybe is my english but i appreciate all the answers.

"if you going to trade on only EoD, trade daily chart. Do not try to look for entry in H4 as you aren't going to manage it for the next 5 candle."

If i see something in my worker chart, i check H4... for example... In the Worker i can have a BEOB or somekind of sellers signal in a Resistance.. where my stoploss is behind to the last upswing... and in my H4 already i have a confirmed Down Swing LH and i can place my stoploss above of it...

If in my Worker Candle i dont see anything... not reason to go H4 because in H4 is going to appear the same thing... Ranging or something that is not clear.

*Edit:

Maybe you focus in "EoD" because is that the time where the Worker Candle close...
  • #9,332
  • Dec 17, 2018 9:30am Dec 17, 2018 9:30am
PASR THE PATH

Quoting Scrumy
{quote} Hey Strat (and fellows), thanks for your reply. As you have said to me multiple times to first understand Basic PASR, then Swing PASR then Trend PASR - I follow your advice. I have now switched from reading the thread chronologically to working through it by specific topics - currently Basic PASR - and consolidating all information about the topic in a seperate presentation. I need to improve my Basic PASR knowledge first. Then get confident trading it. And hopefully thereby minimizing greed and fear. I had the idea of the mechanical system...
Doing good, Scrumy.

overcome my lack of PASR knowledge

Nothing will overcome this

Last week would have been very successful by just trading my mechanical system and being satisfied with a RR of 1:1.2 on M5.

1:1.2 R:R on M5!!!!

My average R:R on M5 PASR Trend Trading is 1:7.6! The Spread and slippage at 1:1.2 R:R will drain and blow your account.

I need to improve my Basic PASR knowledge first. Then get confident trading it. And hopefully thereby minimizing greed and fear.

Forget about ""mechanical systems"" and FOCUS on PASR then, when you know what you are doing, FIND your ""personal"" trading style.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,333
  • Dec 17, 2018 9:43am Dec 17, 2018 9:43am
NZDCAD

Blegh. I even had it in my notes to look for a short and I missed this.

Don't worry, Ben, I've done this more times than I care to remember. There is always another pair setting up PASR for us to trade.

Quoting Rub
{quote} Blegh. I even had it in my notes to look for a short and I missed this. It's not smack in the face obvious to me. Looks a lot like the NZD is weak in general though. Anyway, I've just done my analysis for the week and thought I'd post a couple of charts that have my attention for the next week. Can't promise anything but I think it's worth keeping an eye on. {image} {image}
GBPNZD and AUDNZD are on the ""Watch"" list
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,334
  • Dec 17, 2018 10:15am Dec 17, 2018 10:15am
[quote=TerryDawe;11801919]Probably not much trading going on through the holiday period but if one were to look for a trade: NZDCAD Boss confirmed swing down ....
Hi Terry, nice analysis, I noticed on your charts aditional colour of Strat shadow - grey one, it's between ema 20 and ema 72, I didn't noticed it on others charts. Is there some adjustments on indicator or you have newer indicator? And why do you use it?
Regards
Igor
  • #9,335
  • Dec 17, 2018 10:19am Dec 17, 2018 10:19am
PASR Watch List

Quoting TerryDawe
Probably not much trading going on through the holiday period but if one were to look for a trade: NZDCAD Boss confirmed swing down last week following a long legged doji last week. NZDJPY Boss confirmed swing down last week. CADJPY Boss BEEOB while in down swing. EURUSD Boss BEOB last week while in down swing. NZDUSD Boss confirmed swing down last week. AUDJPY Boss BEOB (straddle) two weeks ago, now in a WCC. EURAUD Boss BUEOB two weeks ago, now in a WCC. AUDUSD Boss BEEOB two weeks ago, confirmed swing down this week and in a WCC. There are those...
Good stuff! Thank you for doing this, Terry. We used to do this many times on my old original 2009 thread but for whatever reason, it never got carried over onto this one.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,336
  • Dec 17, 2018 10:43am Dec 17, 2018 10:43am
PASR THE PATH

Quoting tommyFL
Lurker checking in. I'm still reading the old thread, but I'm keeping up with this one to see the techniques applied on recent charts too. As a relative newbie to forex I have lost a few hundred $$ to short tf strategies. But I realized very quickly my error because there was no consistency in the results, it just didn't make sense, I figured there must be a better way, and that's when I found these PASR threads that make much more sense. I've read TITZ. I'm susceptible to wanting to be in the market (aka desperate to risk money for no good reason.)...
The good thing you have going for you is that you have not been ""poisoned"" by indicators, at least not here on FF.

Take note of the valuable comments from Terry, HappyTrend, Frank and Rub - Traders Helping Traders

I'm susceptible to wanting to be in the market (aka desperate to risk money for no good reason.)

This is your GREED emotion kicking in. Read all you can on here, not just TITZ, about Trading Psychology. Understand that how YOU CONTROL your emotions determines your profitability in trading, NOT how well you can apply a strategy.

I suggest another read of ""Strat's Mantra"" on Post 1 especially the first line:

PASR traders TRADE TO LIVE. PASR traders are NOT like others who LIVE TO TRADE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,337
  • Dec 17, 2018 11:56am Dec 17, 2018 11:56am
Happy Trend and huatzhi

Quoting HappyTrend
{quote} Hello, Goodmorning... I start with BB always for Support Resistance and check where im at. "you get all defensive" Hmmm i dont know if i sound defensive, maybe is my english but i appreciate all the answers. "if you going to trade on only EoD, trade daily chart. Do not try to look for entry in H4 as you aren't going to manage it for the next 5 candle." If i see something in my worker chart, i check H4... for example... In the Worker i can have a BEOB or somekind of sellers signal in a Resistance.. where my stoploss is behind to the last...
Gentlemen, (and I use that term loosely!), your interchanges are ONLY about language issues and miscommunications AND trading styles. That is all. There is no malice or attack from either of you just some good old fashioned ""exchange of ideas"".

Here is my overview:

Huatzhi's comments:

May be you can start from BB instead?

This is correct. ALL analyses MUST start with the Big Boss so ALWAYS post charts of ALL 3 time frames to support your analysis.

Boss PA confluence, 200ema confluence, 2 Strat Straddle, I think its pretty decent entry for basic PASR setup.

We all agree on this

Chill, as I said, its just my opinion, not fact. I just really point it out as a doubt.
The main reason I said it is, you are starting with B instead of BB.
I just feel weird that your analysis start from Weekly instead of Monthly when you are actually analyse only on EoD.

I also had these concerns.

Just my opinion though, you may be wanting to trade on H4 too much? (May be just my wrong guess)

My concerns also.

I think I understand Rub's point. What he suggest is, if you going to trade on only EoD, trade daily chart. Do not try to look for entry in H4 as you aren't going to manage it for the next 5 candle. Looking at the H4 chart might confuse your daily entry

Very good constructive comment

Plus, you get all defensive and well...

Yes but that is HT not being able to express himself correctly. He answers like that to me and I initially thought the same but then I accepted it as ""just the way he is"". You cannot take the spots off a leopard.

HT's comments

im looking workers candles and if i see something im going to H4... In a few words... If i see buyers on worker im going H4... if i see any signal on worker or H4... im doing my plan.

Easy to see from this why huatzhi commented as he did. The emphasis from this is that you ARE trading H4 and only using the Worker as a guide.

Omg.. i think i need some english class hahaha...

Yes, this is the "real" issue hahaha!!!!!!!

Im saying that IM NOT LOOKING EVERY FOUR HOURS DE CHARTS.. IM LOOKING EVERY 24HOURS THE CHARTS.

Every 24 Hours i check Daily and H4 Charts..

(Every time that i check H4 charts has been pass 6 candles..)
(Every 5pm new york time i check H4 charts)

Again, the way this is written, the emphasis (priority) is on trading H4

Conclusion:

If HT had said he ONLY looks at his daily chart at 5pm New York time to do End of Day trading and, from there, "if" he sees a PASR opportunity there, drops down to H4 to find a better entry and Stop Loss, then I don't think anyone would have had a problem.

AUDJPY

The Boss only shows 1:1 R:R which tells me to find another pair.

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Even though we ALL trade PASR, we ALL trade it with different styles and approaches.

HT sees a PASR opportunity on the Daily (Worker) chart and drops down to H4 to find a better entry and Stop Loss. There is nothing wrong with that ""IF"" that is his trading style.

For me, I don't want my margin tied up in a 21 pips ATR with 1:1 R:R BUT, HT (and maybe others), need to do this to gain valuable PASR trading experience.

HT and huatzhi:

Your posts and interchange on AUDJPY are very good. ""Shake hands, kiss and make up" and continue as you were. We are a PASR Family helping each other as best we can.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,338
  • Dec 17, 2018 12:34pm Dec 17, 2018 12:34pm
Quoting strat
HT and huatzhi: Your posts and interchange on AUDJPY are very good. ""Shake hands, kiss and make up" and continue as you were. We are a PASR Family helping each other as best we can.
Oh yes! Im not angry or mad.. im totally fine and i thought i was answer in a good vibe way haha. But yes i need to check my words better.

Thank you for all the replies of everyone.
  • #9,339
  • Dec 17, 2018 12:46pm Dec 17, 2018 12:46pm
Quoting strat
PASR Watch List {quote} Good stuff! Thank you for doing this, Terry. We used to do this many times on my old original 2009 thread but for whatever reason, it never got carried over onto this one.
My pleasure Strat,

This is part of my EOW analysis so thought I would share my views with others on the thread. I figure this would help as it could provide feedback to me on my analysis as well as point out potential opportunities to others who may not have noticed a particular set up.

Regards
Terry
  • #9,340
  • Dec 17, 2018 12:52pm Dec 17, 2018 12:52pm
CADJPY M15 PASR Trend Trading:




Happy Trading,
Yomi.
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Time always comes before price
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