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Strat's PASR Long Term, Stress Free Trading

  • #10,301
  • Feb 10, 2019 4:18am Feb 10, 2019 4:18am
Quoting BeyondTheSea
{quote} Hi Scrumy Just because it is a WCC does not mean it qualifies for anything. Price determines at those levels (which WILL change) what a BASIC PASR trade is. Time frame dependant on your trading style and the time frame you are trading, not necessarily a WCC level. Look for confluence and don't just trade the level from H1 and H4. GBP can and will go anywhere at the minute.
Hey BeyondTheSea, thanks. Maybe my wording is not 100% correct. I just want to say that when Price is "trapped" inside a Weekly Control Candle, that we can be in waiting position for Basic PASR trades inside the WCC. Sometimes price respects those WCC SR levels, but sometimes it just cuts through.

I also was thinking about the importance of WCC's which are very young - like the one on GBPNZD, which is just 1 week old. A WCC can happen even in a rip roaring trend (think of an IB - pause bar) and does not mean that the WCC's top and bottom SR are set in stone. So my thinking is that an "old" WCC's SR - like e.g. on AUDNZD (9 weeks!) has much more importance than the one on GBPNZD (1 week).

What exactly do you mean with confluence? Confluence of PA at SR? Confluence with the power of timeframes (which I think is not important for Basic PASR)?
Accept the risk!
  • #10,302
  • Feb 10, 2019 4:55am Feb 10, 2019 4:55am
Quoting Francl
{quote} Hi, I will try dollar index, just for learning proces Big boss: immediate trend up, Strat shadow positive, made new swing high, price above all 3 EMAs {image} Boss: long term up trend, immediate term- break up from consolidation, also closed above WCC and 20 EMA, Strat shadow positive{image} Worker: up trend, this week confirmed higher swing low, closed above WCC and previous swing high, Strat shadow positive. I will watch for continuation of trend and pull back to Start shadow, if PA proper than long with target at 1st supply , resistance...
Hi Francl

Your analysis looks good to me...

Regards
Pete
  • #10,303
  • Feb 10, 2019 5:15am Feb 10, 2019 5:15am
Quoting HappyTrend
{quote} Yes, Buying at Support (Bottom). To that Distance for sure my position MUST be in breakeven in case if that zone holds resistance. If you See Worker BUEB is holding and price cant close bellow of it.. neither above of it. Then if i see another BUEB closing Above of WCC top Line, im going to start looking buy in a "Lower TimeFrame" for see if are buyers in there or the Top of WCC is going reverse the price. Thank you for ur comments.
Hi HT

Just adding another thought or two to Rub's and your comments. The last confirmed high on the Boss was a Lower High and although price is in a WCC right now we do not yet have a confirmed swing low on the Boss yet. I would not ignore the possibility that price could break lower from the WCC. Also on the worker price is still held below the Strat Shadow Resistance.

Regards
Pete
  • #10,304
  • Feb 10, 2019 5:38am Feb 10, 2019 5:38am
Quoting Rub
{quote} That looks correct to me, all in weekly control candles. What's your plan for them though?...
That looks correct to me, all in weekly control candles. What's your plan for them though?

I have only a plan for EURJPY WCC Bar(5) - massive 780 Pips! - now.

BB:

  1. 4 months of selling
  2. PRICE below Strat Shadow
  3. last month printed a big Hammer(Depth Gauge)

    1. but due to that post ("That Hammer is telling you LOTS of information - go back and study DEPTH GAUGES") here I need to read a bit more. Still confused what is a Hammer/Shooting Star compared to what is a Depth Gauge/Periscope.


Attached Image (click to enlarge)
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B:

  1. swing high confirmed
  2. PRICE below Strat Shadow

Attached Image (click to enlarge)
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Zooming out shows the significance of the 124.6ish level.
Attached Image (click to enlarge)
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W:

  1. PRICE below Strat Shadow
  2. curently no PA

Attached Image (click to enlarge)
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It looks (to me) like a "rip roaring trend" - on all three TF's PRICE is below Strat Shadow.

If we look down on H4 and H1 - both made BEEB's.

H4
Attached Image (click to enlarge)
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H1 - which includes my Trade Plan
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Plan 1 (short term): enter short on H1 below BEEB. Stop above important 124.6ish level. I feel that I am late to the party, but I will consider what Dr. Joe said.

Plan 2 (long term): wait for PASR on Worker, with stop above the boss swing high.
Accept the risk!
  • #10,305
  • Edited 6:11am Feb 10, 2019 5:42am | Edited 6:11am
NzdUsd Analysis

For background purposes - my intention is to identify Boss swings and then to primarily trade the Boss Swings in the direction of the Big Boss Immediate Trend using the worker to enter trades at suitable PASR.

Big Boss:

Overall the trend is down with Strat Shadow negative. The immediate trend is up but for the last three months price is being held at the Strat Shadow resistance.

Boss:

Strat Shadow negative, Confirmed Swing High in place at top of Strat Shadow. BEEB straddles Strat Shadow.

Worker:

Overall all three time frames look like like price is turning down.On the worker , the Price is at SR. Waiting for PA confirming worker is indeed following Boss footsteps downward.

Regards
Pete
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  • #10,306
  • Feb 10, 2019 6:09am Feb 10, 2019 6:09am
AudJpy Analysis

This setup is very similar to the NzdUsd analysis done above.

Big Boss:

Overall the trend is down with Strat Shadow negative and the immediate trend is down as well.

Boss:

Strat Shadow negative, Confirmed Boss Swing High in place at Strat Shadow resistance. BEEB.

Worker:

Price direction looks alligned accross all three timeframes. i will be looking for PA on the worker confirming that the worker is indeed following the Boss' footsteps downward.

Regards
Pete
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  • #10,307
  • Feb 10, 2019 6:11am Feb 10, 2019 6:11am
Quoting Scrumy
{quote} That looks correct to me, all in weekly control candles. What's your plan for them though? I have only a plan for EURJPY WCC Bar(5) - massive 780 Pips! - now. BB: 4 months of selling PRICE below Strat Shadow last month printed a big Hammer(Depth Gauge) but due to that post ("That Hammer is telling you LOTS of information - go back and study DEPTH GAUGES") here I need to read a bit more. Still confused what is a Hammer/Shooting Star compared to what is a Depth...
that is not a swing high on the last 2 weeks
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the recent low has not been yet confirmed (price didnt close above that candle yet)
  • #10,308
  • Feb 10, 2019 6:45am Feb 10, 2019 6:45am
hi strat and all
please alow me ask a few questions
Quoting strat
{image}
Attached Image (click to enlarge)
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big hammer wasnt a exit? buyers is there at that time and is that not time to exit?
Quoting strat
{image}
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and here in gbpcad is not consolidation?? dont you/we need trends?
  • #10,309
  • Feb 10, 2019 7:02am Feb 10, 2019 7:02am
Quoting JCMPete
Quoting dashurry
Good evening Mr.Strat, THERE IS NOTHING MORE VALUABLE FOR ME IN THIS WORD THAN MY TIME AND MY DAUGHTER Hi Dashurry Welcome to the thread....and my friend, your line above is one serious statement....and if you are serious about the statement, you are are in the right place! Forget about the past, where you have been and bought with the hope of finding the Holy Grail Focus on reading this and especially focus on reading the old thread. Time is valuable, right? so spend it wisely! It will take you at least a year to make sense
...
-----------------------------------

Im dead serious. The time we have to live is to short, without counting the time we really can enjoy life or the time we have to suffer being slave of this System.

Im gonna disagree with you about forgeting the past; its part of the journey, its an experience that had to be made to trigger the next move forward.
At the moment im ABSORBING almost every page,why i say so. Well after reading page y and thinking about it for some hours i than go back on the next day and read that page again.WHY? becouse they way you read it might change and made many times *click* in my head after rereading. So yeah im focusing on it.

One thing i find really sad while i read is the concern that some of the people im used to read atm will vanish going further into the thread and yeah it makes me sad.
  • #10,310
  • Edited 11:27am Feb 10, 2019 10:17am | Edited 11:27am
GBPJPY is currently at BRN 142 with a doji printing last Thursday.






Watching for PA at this level for the break of the doji either way. The H4 did print a BEEB on Thursday so may take an entry a few pips below this bar. There is only 70 pips to first H4 support at BRN 141. At that level, with PA the next target would be BRN 140. So even though entry would be on H4, the trade would be managed on the daily time frame, which does have a lot of room to the downside. Good confluence with shadow and 200ema.

The Yen does appear to be strengthening based on previous COT report showing large funds unwinding some of their record number of short positions.
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  • #10,311
  • Feb 10, 2019 12:17pm Feb 10, 2019 12:17pm
i would like to get roasted, thank you


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  • #10,312
  • Edited 12:42pm Feb 10, 2019 12:18pm | Edited 12:42pm
https://www.forexfactory.com/attachm...1&d=1549819038https://www.forexfactory.com/attachm...1&d=1549820499
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  • #10,313
  • Feb 10, 2019 12:52pm Feb 10, 2019 12:52pm
Quoting Scrumy
{quote} Hey BeyondTheSea, thanks. Maybe my wording is not 100% correct. I just want to say that when Price is "trapped" inside a Weekly Control Candle, that we can be in waiting position for Basic PASR trades inside the WCC. Sometimes price respects those WCC SR levels, but sometimes it just cuts through. I also was thinking about the importance of WCC's which are very young - like the one on GBPNZD, which is just 1 week old. A WCC can happen even in a rip roaring trend (think of an IB - pause bar) and does not mean that the WCC's top and bottom...
Confluence is important in all my trading decisions.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 69 KB


Let's look at WCC formed 21.10.18

See at the end of that huge 1650 pip trend, buyers entered during the profit taking. This is my support level. CONFLUENCE Point 1.

Candle 1. Sellers are here and price resists the shadow. CONFLUENCE point 2.

Candles 2 and 3. Buyers enter the market and are trapped. Price will not go higher.

Then we have what is going to be a WCC at 21.10.18 . This is confirmed by the following candle which fails to close higher. CONFLUENCE Point 3.

Our entry candle now has the top of the WCC. Confluence point 4.

It fails to close inside the shadow above the 20 ema. Confluence point 5.

It is WITH TREND. Confluence point 6.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,314
  • Feb 10, 2019 1:12pm Feb 10, 2019 1:12pm
Quoting JCMPete
NzdUsd Analysis For background purposes - my intention is to identify Boss swings and then to primarily trade the Boss Swings in the direction of the Big Boss Immediate Trend using the worker to enter trades at suitable PASR. Big Boss: Overall the trend is down with Strat Shadow negative. The immediate trend is up but for the last three months price is being held at the Strat Shadow resistance. Boss: Strat Shadow negative, Confirmed Swing High in place at top of Strat Shadow. BEEB straddles Strat Shadow. Worker: Overall all three time frames look...
Tricky one for me Pete. I'm more inclined to look for a BASIC PASR buy depending what gives. Boss swings on this pair never seem to line up for me with it seeming too choppy to trade them without enough RR.

Attached Image (click to enlarge)
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,315
  • Feb 10, 2019 1:15pm Feb 10, 2019 1:15pm
Quoting BeyondTheSea
{quote} Confluence is important in all my trading decisions. {image} Let's look at WCC formed 21.10.18 See at the end of that huge 1650 pip trend, buyers entered during the profit taking. This is my support level. CONFLUENCE Point 1. Candle 1. Sellers are here and price resists the shadow. CONFLUENCE point 2. Candles 2 and 3. Buyers enter the market and are trapped. Price will not go higher. Then we have what is going to be a WCC at 21.10.18 . This is confirmed by the following candle which fails to close higher. CONFLUENCE Point 3. Our entry candle...
Wow. Big thanks for your reply.
Accept the risk!
  • #10,316
  • Feb 10, 2019 1:18pm Feb 10, 2019 1:18pm
Quoting Frank0
https://www.forexfactory.com/attachm...1&d=1549819038{image} {image}
Frank0

I can't understand your chart, what are you combining everything on one?

Big Boss

Attached Image (click to enlarge)
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Boss

Attached Image (click to enlarge)
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Worker

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 57 KB


H4

Attached Image (click to enlarge)
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,317
  • Feb 10, 2019 1:54pm Feb 10, 2019 1:54pm
Quoting Scrumy
WCC at EURAUD and GBPCAD Something I see. Maybe your view is different. Let me know for learning purposes. EURAUD: PRICE at top of WCC bar(2) - which means the third bar (the current bar having index 0), leaves us for Basic PASR. H1 shows BEEB. Shorting. Edit: PRICE is very nicely supported by the Strat Shadow top. Maybe not the best Set Up. {image} Edit 2: add Weekly Chart for WCC reference (and changed bar(4) in the above sentence to bar(2)) {image} GBPCAD: PRICE at top of WCC bar(4) - top line of WCC is hidden by my SR line at 1.74939, Worker...
Just for completeness, here is the trade on GBPCAD taken on 30. Jan based on BEEB on Daily, exit on 7. Feb. Exit hit based on SL placement on high of H4 Bond Shooting Star. Risk was 180 Pips, realized 105 Pips.

Attached Image (click to enlarge)
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Accept the risk!
  • #10,318
  • Feb 10, 2019 2:01pm Feb 10, 2019 2:01pm
Quoting strat
{quote} Sometimes my broker is stuck for a couple of minutes, when NY closes. Immediately contact your broker and ask why this is happening as it should be instantaneous. This could be the sign of a broker messing with PRICE - if in doubt, get another broker. Do not accept any excuses from them.
I asked my broker and they call this "recess". See the following screenshot for EURUSD. I will search for another broker then. Thanks for your input.

Attached Image (click to enlarge)
Click to Enlarge Name: recess EURUSD.png Size: 12 KB
Accept the risk!
  • #10,319
  • Feb 10, 2019 2:16pm Feb 10, 2019 2:16pm
Quoting bistolis
{quote} that is not a swing high on the last 2 weeks {image} the recent low has not been yet confirmed (price didnt close above that candle yet)
You are correct, thank you. I haven't identified the swing high correctly.
Accept the risk!
  • #10,320
  • Feb 10, 2019 2:37pm Feb 10, 2019 2:37pm
Quoting BeyondTheSea
{quote} Frank0 I can't understand your chart, what are you combining everything on one? Big Boss {image} Boss {image} Worker {image} H4 {image}
Beyond the sea,

Yes. Showing resistances of the three charts and where to take advantage of two consolidations,
"ranges", that show on the worker.
Long break above 125.500.
Short break below 123.370.
Forget it between those two numbers

Frank
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