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Strat's PASR Long Term, Stress Free Trading

  • #9,681
  • Jan 9, 2019 4:38am Jan 9, 2019 4:38am
Quoting Scrumy
USDJPY Basic PASR H1 Currently watching USDJPY for a Basic PASR trade to give me a PA set up to go short. {image}
are you hoping for this to produce something so that you can go short?
  • #9,682
  • Edited 9:37am Jan 9, 2019 4:59am | Edited 9:37am
Quoting bistolis
{quote} are you hoping for this to produce something so that you can go short?
No, I don't hope. I will see what Price will tell me around SR. I interpret your question that you have other thoughts than me.

Is it because the Strat Shadow is not horizontal, therefore not qualifying it for a Basic PASR set up?
Is it because the immediate trend on both H4 and Worker are going up? So it is a countertrend trade.

USDJPY H4
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USDJPY Worker
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Edit: strike through of obsolete question about Strat Shadow. Basic PASR can be used when the Strat Shadow is horizontal and Basic PASR isn't relying on a flat Strat Shadow.
Accept the risk!
  • #9,683
  • Jan 9, 2019 5:14am Jan 9, 2019 5:14am
Quoting Scrumy
{quote} No, I don't hope. I will see what Price will tell me around SR. I interpret your question that you have other thoughts than me. Is it because the Strat Shadow is not horizontal, therefore not qualifying it for a Basic PASR set up? Is it because the immediate trend on both H4 and Worker are going up? So it is a countertrend trade. USDJPY H4 {image} USDJPY Worker {image}
Price is inside the shadow on your timeframes. It is not ideal and in a 30pip price range for quite a while. I don't know what price will do, but I am not paying attention to this pair in any case on lower timeframes

edit: why not watching this instead?
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  • #9,684
  • Edited 9:18am Jan 9, 2019 6:19am | Edited 9:18am
M1 boot camp practice.


Last trade was a flop.

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Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,685
  • Jan 9, 2019 9:55am Jan 9, 2019 9:55am
Quoting Scrumy
{quote} No, I don't hope. I will see what Price will tell me around SR. I interpret your question that you have other thoughts than me. Is it because the Strat Shadow is not horizontal, therefore not qualifying it for a Basic PASR set up? Is it because the immediate trend on both H4 and Worker are going up? So it is a countertrend trade. USDJPY H4 {image} USDJPY Worker {image} Edit: strike through of obsolete question about Strat Shadow. Basic PASR can be used when the Strat Shadow is horizontal and Basic PASR isn't relying on a flat Strat Shadow....
Did sell USDJPY afterall? at which point?
Was your timeframe of choice H1 or H4?

By the way I didn't have any thoughts whatsoever on your plan. I am just trying to figure out if your plan would consider buying as well. In the end price will show what you should do
  • #9,686
  • Jan 9, 2019 10:19am Jan 9, 2019 10:19am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,687
  • Jan 9, 2019 10:41am Jan 9, 2019 10:41am
Quoting Scrumy
USDJPY Basic PASR H1 Currently watching USDJPY for a Basic PASR trade to give me a PA set up to go short. {image}
Well that is progress, Scrumy - keep it up
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,688
  • Jan 9, 2019 10:43am Jan 9, 2019 10:43am
Quoting Suran
M1 boot camp practice. Last trade was a flop. {image} Suranga
Good that you are doing M1 Boot Camp Suranga but disappointing that you watched your profitable trades turn into losers - why?
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,689
  • Jan 9, 2019 1:19pm Jan 9, 2019 1:19pm
Quoting bistolis
{quote} Did sell USDJPY afterall? at which point? Was your timeframe of choice H1 or H4? By the way I didn't have any thoughts whatsoever on your plan. I am just trying to figure out if your plan would consider buying as well. In the end price will show what you should do
Similar thoughts on my end, like EUR/JPY someone posted recently. I haven't seen anything to convince me to trade either direction. No solid price action to short, but nothing for a long either for any of the yen pairs.

I haven't looked lower than 4hr though.
  • #9,690
  • Jan 9, 2019 1:24pm Jan 9, 2019 1:24pm
Quoting bistolis
{quote} Did sell USDJPY afterall? at which point? Was your timeframe of choice H1 or H4? By the way I didn't have any thoughts whatsoever on your plan. I am just trying to figure out if your plan would consider buying as well. In the end price will show what you should do
Hey bistolis, unfortunately not. I was in a meeting and not able to pull the trigger.

Timeframe of choice was H1.

I would have used that BEEB as a set up candle and putting my sell order below the low of the bullish bar one before my set up candle (little more conservative).
As Price just cut my TP area like butter (my drawn support line at No. 1), I would have exited either on No. 2 for a RRR of 1:2.25 or even on No. 3 for 1:3.67.

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Todays news for USD "FOMC Member Evans Speaks" was a quite good catalyst.
Accept the risk!
  • #9,691
  • Jan 9, 2019 1:39pm Jan 9, 2019 1:39pm
Quoting Scrumy
{quote} Hey bistolis, unfortunately not. I was in a meeting and not able to pull the trigger. Timeframe of choice was H1. I would have used that BEEB as a set up candle and putting my sell order below the low of the bullish bar one before my set up candle (little more conservative). As Price just cut my TP area like butter (my drawn support line at No. 1), I would have exited either on No. 2 for a RRR of 1:2.25 or even on No. 3 for 1:3.67. {image} Todays news for USD "FOMC Member Evans Speaks" was a quite good catalyst.
Something to add: with the upcoming "orange" news, and that rather small BEEB set up candle - I guess that trade would have not been a full position size. At the end, luck would have played a role as well. And momentum was also being favorably.
Accept the risk!
  • #9,692
  • Jan 9, 2019 4:22pm Jan 9, 2019 4:22pm
Quoting HappyTrend
{quote} Im planing to manage the trade as a swing boss (looking for weekly candle close). But as u say that is counter-trend, u recommend in there to hard profit in that zone? Doesnt matter what BOSS CANDLE close in there? I put my breakeven above of the daily candle close, The price have 24hours trying to push down 1.3266 without succed, then i move my sl above of daily candle. But my initial plan was following BOSS CANDLE. (Im still learning...)
Daily up trend is finished so stay on The Boss. Look for the Daily to test the Strat Shadow for another Add On short
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,693
  • Jan 9, 2019 6:14pm Jan 9, 2019 6:14pm
Quoting strat
{quote} Daily up trend is finished so stay on The Boss. Look for the Daily to test the Strat Shadow for another Add On short
Hello, The Other day i decide to hard takeprofit 2 of my 3 positions... For bank profits while still learning and taking notes.

"Daily up trend is finished " Why u say that today? Its because the Worker Candle close bellow of StratShadow?

I was thinking that the Daily Uptrend was finished when we have a big BEEB on BOSS.

That one position left im going to manage as the initial, Boss Worker Candles.


*************************

I have similar question about my trade of USOIL

USOIL

BOSS: Not a Hammer at all because we have a top tail, but create a WCC at the BOTTOM Support of BIGBOSS and BOSS.

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WORKER: Entry after the WCC created to target of the top of WCC (BOSS DOWN SWING YET)

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Already take profit, but i have a quesiton:

Worker Candle still bullish... and if i didnt read your USDCAD comment https://www.forexfactory.com/showthr...6#post11859236 my initial plan of USOIL was at the TOP of WCC start trailing behind of Worker Candle, for see if BOSS SWING start to go UP.. And if it does at the close in friday... start managing it as a BOSS SWING.

But when i read ur USDCAD comment i prefer to hard take profit, and keep taking notes.


*************

I have 2 questions:

USDCAD: "Daily up trend is finished " Why u say that today? Its because the Worker Candle close bellow of StratShadow?


USOIL: Was correct to hard take profit at the top of WCC because we still in downtrend? or better trailing behind of those bullish candles of worker?


Thank you Strat and Classmates.
  • #9,694
  • Jan 9, 2019 7:00pm Jan 9, 2019 7:00pm
Quoting strat
{quote} Good that you are doing M1 Boot Camp Suranga but disappointing that you watched your profitable trades turn into losers - why?
disappointing that you watched your profitable trades turn into losers - why?


May be I was in a trend add-on mind set, and failed to see the FOOT PRINTS
Focus, Patience, Discipline, Determination and Perseverance
  • #9,695
  • Jan 9, 2019 9:17pm Jan 9, 2019 9:17pm
Trying to not draw too many S/R lines...

EURCAD - BigBoss is in an uptrend however the current month is bearish after being rejected from resistance at 1.56, but it does seem to have bounced off support at 1.515ish, also the top of the start shadow; boss is also in an uptrend, bounced off the strat shadow and support, however last week was a large BEEB; worker is in an uptrend (unconfirmed as of now), after a BUOB and bounce off the bottom of the start shadow and having touched support at 1.515ish. I'll be looking for today's bar to confirm the worker BEEB and close above the strat shadow...

BB:
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B:
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W:
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  • #9,696
  • Jan 9, 2019 11:47pm Jan 9, 2019 11:47pm
Quoting tommyFL
Trying to not draw too many S/R lines... EURCAD - BigBoss is in an uptrend however the current month is bearish after being rejected from resistance at 1.56, but it does seem to have bounced off support at 1.515ish, also the top of the start shadow; boss is also in an uptrend, bounced off the strat shadow and support, however last week was a large BEEB; worker is in an uptrend (unconfirmed as of now), after a BUOB and bounce off the bottom of the start shadow and having touched support at 1.515ish. I'll be looking for today's bar to confirm the...

That looks ok to me. I'm at the point where I have one line (or area) above where price is, and one below. Start at big boss, fine tune a little on boss, then a final tune (maybe!) on worker. Then you've got to remember it's more of a zone than an on the dot barrier.
  • #9,697
  • Jan 10, 2019 5:38am Jan 10, 2019 5:38am
Good morning

Yesterday no trade: No feeling and tired.

Today, open EurCad
I wanted ratio 3 ... Close too early :/
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Ratio 2

I regret because I wanted to open gbp cad at the beginning ...
  • #9,698
  • Jan 10, 2019 5:44am Jan 10, 2019 5:44am
Quoting strat
{quote} But you did good! You should see the mess we are left with in PST
I understand that I'm lucky to have London and NY it takes today !! I like following big, I like your method ... What happiness!

In PST, I noticed (by the way it seems to me you had talked about your Topic), it's very interesting because we can take mini risk, if withdrawal during PST, and if London + NY in the same direction. But the signals are less frequent actually. But very small risk. I do not know if I'm clear. I do not want to say anything stupid. I will try to find your post!


If you want I send you some pips of Paris lol


If you want I send you some pips lol
  • #9,699
  • Jan 10, 2019 5:53am Jan 10, 2019 5:53am
Quoting fleurdelys
Good morning Yesterday no trade: No feeling and tired. Today, open EurCad I wanted ratio 3 ... Close too early :/ {image} Ratio 2 I regret because I wanted to open gbp cad at the beginning ...
Nice trade
keep looking for some recent SR on bigger time frames that might prove a good target, and watch price action all the way to that point.
In any case , profit is profit
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  • #9,700
  • Jan 10, 2019 6:02am Jan 10, 2019 6:02am
Quoting bistolis
{quote} Nice trade keep looking for some recent SR on bigger time frames that might prove a good target, and watch price action all the way to that point. In any case , profit is profit {image} {image}
Thank you.
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You have seen I do not have the same candles (red arrows). Yet I trade Live at Lmax? You think that comes from the broker?
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