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  • #11,421
  • Apr 21, 2019 3:16pm Apr 21, 2019 3:16pm
Quoting Alesiosc
{quote} Wow. what a privelege it is to hear the voice of the person behind this unique sharing of information in this thread and the next. 2nd video was cool. i havent had the opportunity to say thanks Strat for your generosity, kindness and ability to see and do something about some of us traders, fighting against the pitfalls, which would allow us the opportunity to learn what only the priveleged seem to have access to. Given some of us are slower than others i would hope that we all come to this thread eating humble pie. You are an Exceptional...
You're right, it's good to hear for real our Strat, our teacher
  • #11,422
  • Apr 22, 2019 3:46am Apr 22, 2019 3:46am
I hope the guys in Sri Lanka were not affected by recent events
  • #11,423
  • Apr 22, 2019 4:05am Apr 22, 2019 4:05am
If at first you don't succeed, try, try again.
  • #11,424
  • Apr 22, 2019 4:42am Apr 22, 2019 4:42am
Quoting bistolis
I hope the guys in Sri Lanka were not affected by recent events

I am alright ,but some were not..

Thanks guys. hope you all doing good.will come back later.

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #11,425
  • Apr 22, 2019 5:49am Apr 22, 2019 5:49am
Quoting Scrumy
If you want to put a SL of 200 on GBPNZD that means you are already risking 11.90 EUR on a Microlot. Either you skip that trade or you accept the risk for this particular trade.
i find myself accepting the risk more often than not, especially on my $00.01 Micro account. the dollar amount at risk is not worth the experience missed, by skipping the trade, whether it be a winner or a loser.
If at first you don't succeed, try, try again.
  • #11,426
  • Apr 23, 2019 4:58am Apr 23, 2019 4:58am
well. it wasnt that easy. took a while but i stuck to the original plan and glad i did.
Attached Image (click to enlarge)
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If at first you don't succeed, try, try again.
  • #11,427
  • Apr 23, 2019 5:14am Apr 23, 2019 5:14am
First time posting my analysis . I have been reading the old thread and now almost half covered. Comments more than welcome as the whole purpose of me posting is to learn. Comments in the picture.

p.s: I know its a rather peculiar pair (NZDJPY). I chose it because almost all the major pairs' analysis is regularly posted by other members (who I deem more knowledgeable than me) and I cross check my analysis with theirs to learn.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZDJPY Worker.png Size: 179 KB
  • #11,428
  • Apr 23, 2019 5:47am Apr 23, 2019 5:47am
Quoting maash10
First time posting my analysis . I have been reading the old thread and now almost half covered. Comments more than welcome as the whole purpose of me posting is to learn. Comments in the picture. p.s: I know its a rather peculiar pair (NZDJPY). I chose it because almost all the major pairs' analysis is regularly posted by other members (who I deem more knowledgeable than me) and I cross check my analysis with theirs to learn. {image} {image} {image}
well i dont feel im qualified enough to comment with confidence on your charts but one thing i will say with confidence. Nice Clean Charts....
If at first you don't succeed, try, try again.
  • #11,429
  • Apr 23, 2019 5:55am Apr 23, 2019 5:55am
Quoting Alesiosc
{quote} well i dont feel im qualified enough to comment with confidence on your charts but one thing i will say with confidence. Nice Clean Charts....
Ahaha!! Thanks Alesioc. Confident or not, any kind of input will most likely make me learn something and it is what I look forward to always. Also you're one of the few that I see now regularly posting and your posted charts and analysis, and the comments that strat made on them definitely made me learn too
  • #11,430
  • Apr 23, 2019 6:38am Apr 23, 2019 6:38am
Quoting maash10
First time posting my analysis . I have been reading the old thread and now almost half covered. Comments more than welcome as the whole purpose of me posting is to learn. Comments in the picture. p.s: I know its a rather peculiar pair (NZDJPY). I chose it because almost all the major pairs' analysis is regularly posted by other members (who I deem more knowledgeable than me) and I cross check my analysis with theirs to learn. {image} {image} {image}
well i think your analysis is spot on.

on your daily chart though i think id be looking to see if price gets down to 73.982 and shows PA either way for a good R:R trade either direction....... Actually!!!!! WAIT!!!! that might not be PASR. I would actually be looking for PA short so as to keep my trade in the direction of the trend. its all about probabilities......
If at first you don't succeed, try, try again.
  • #11,431
  • Apr 23, 2019 6:38am Apr 23, 2019 6:38am
Quoting maash10
First time posting my analysis . I have been reading the old thread and now almost half covered. Comments more than welcome as the whole purpose of me posting is to learn. Comments in the picture. p.s: I know its a rather peculiar pair (NZDJPY). I chose it because almost all the major pairs' analysis is regularly posted by other members (who I deem more knowledgeable than me) and I cross check my analysis with theirs to learn. {image} {image} {image}
it is a nice plan.
there is a swing high on the boss, so you should be looking for a short on the daily.
SR is nicely identified.
personally I dont like diagonal trendlines as they limit my perception, and they dont help me. the strat shadow is much better than a trendline
  • #11,432
  • Apr 23, 2019 9:39am Apr 23, 2019 9:39am
Quoting maash10
First time posting my analysis . I have been reading the old thread and now almost half covered. Comments more than welcome as the whole purpose of me posting is to learn. Comments in the picture. p.s: I know its a rather peculiar pair (NZDJPY). I chose it because almost all the major pairs' analysis is regularly posted by other members (who I deem more knowledgeable than me) and I cross check my analysis with theirs to learn. {image} {image} {image}
Maash10,

Because of the WWC, I'll put NJ on hold until Friday's boss close in order to see if if the breakout holds.

Heavy white line within the WWC is the Boss 72 line which is showing the same direction as the Worker blue line just below.

https://www.forexfactory.com/attachm...1&d=1556030294
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  • #11,433
  • Apr 23, 2019 11:25am Apr 23, 2019 11:25am
Quoting Alesiosc
{quote} I would actually be looking for PA short so as to keep my trade in the direction of the trend. its all about probabilities......
This is also the reason for me to look for shorts.
  • #11,434
  • Apr 23, 2019 11:33am Apr 23, 2019 11:33am
Quoting bistolis
{quote} it is a nice plan. there is a swing high on the boss, so you should be looking for a short on the daily. SR is nicely identified. personally I dont like diagonal trendlines as they limit my perception, and they dont help me. the strat shadow is much better than a trendline
Thank you Bistolis for the comment. I agree with your view on trendline as I also face the exact dilemma. But where I'm at now on the old thread (around page 600), strat does use them alot along with the strat shadow. However before when I started going through the entire thread, I cursorily looked at the posts by strat on both threads and did notice him not using trendlines that much, if not entirely. I also remember strat saying something like you said regarding trendlines. Nevertheless, I use them currently as it helps me identify the direction and maybe going forward, I can hopefully gauge the trend and trend strength using strat shadow.

I would be really grateful if you write something about how you would use strat shadow and MAs to gauge the direction/trend on Boss and Worker chart in the example I posted.

maash10
  • #11,435
  • Edited 12:32pm Apr 23, 2019 11:50am | Edited 12:32pm
Quoting Frank0
{quote} Maash10, Because of the WWC, I'll put NJ on hold until Friday's boss close in order to see if if the breakout holds. Heavy white line within the WWC is the Boss 72 line which is showing the same direction as the Worker blue line just below. {image} {image}
Thanks Frank0 for the comment.

I also did notice the WCC but that was right after I posted my analysis. like you said, the break would only be confirmed after friday close and the safest way to play this would be as you said. But I remember strat does say (I read this on the private website of strat in the archive) not to be intimidated by WCC and also that we can take trades even inside the WCC if right PA is there. But since I'm planning to look for PA and take the trade (if right PA is presented) at a minor area (which falls almost in the middle of the WCC), I believe its more riskier as price tends to usually whiz up and down inside WCC and this could make price hit my planned SL if I were to take the trade as initially planned (considering right PA existed). One way could be to have the SL above the major resistance area if I were to go along with the initial plan (i.e take the trade with the right PA at the minor area regardless of Friday's close inside or outside the current WCC). However this would make have poor R:R. I, therefore would only go along with my initial plan if the candle closed outside of WCC as you mentioned in order to get a better R:R.
  • #11,436
  • Apr 23, 2019 8:02pm Apr 23, 2019 8:02pm
Quoting maash10
First time posting my analysis . I have been reading the old thread and now almost half covered. Comments more than welcome as the whole purpose of me posting is to learn. Comments in the picture. p.s: I know its a rather peculiar pair (NZDJPY). I chose it because almost all the major pairs' analysis is regularly posted by other members (who I deem more knowledgeable than me) and I cross check my analysis with theirs to learn. {image} {image} {image}
That's a solid analysis, along with a good plan on what you will do with a trade. Well on the right path I reckon.
  • #11,437
  • Apr 24, 2019 1:34am Apr 24, 2019 1:34am
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,438
  • Apr 24, 2019 2:32am Apr 24, 2019 2:32am
Quoting maash10
{quote} Thanks Frank0 for the comment. I also did notice the WCC but that was right after I posted my analysis. like you said, the break would only be confirmed after friday close and the safest way to play this would be as you said. But I remember strat does say (I read this on the private website of strat in the archive) not to be intimidated by WCC and also that we can take trades even inside the WCC if right PA is there. But since I'm planning to look for PA and take the trade (if right PA is presented) at a minor area (which falls almost in...
I am not sure you both have this WCC in mind
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Unless the data show a different picture than what is on my chart
  • #11,439
  • Apr 24, 2019 2:44am Apr 24, 2019 2:44am
Quoting bistolis
{quote} I am not sure you both have this WCC in mind {image} Unless the data show a different picture than what is on my chart
Bistolis. The WCC for me is the doji type candle (two candles after the one you marked). The candle you marked was broken last week. Does that make last week’s candle current WCC or is the one I regard as the current WCC wrong?
  • #11,440
  • Apr 24, 2019 3:25am Apr 24, 2019 3:25am
Quoting maash10
{quote} Bistolis. The WCC for me is the doji type candle (two candles after the one you marked). The candle you marked was broken last week. Does that make last week’s candle current WCC or is the one I regard as the current WCC wrong?
show a chart and I can show you

a weekly control candle needs at least one one more week to be inside its range to be considered as WCC. once a weekly candle closes outside the range it is not a WCC (could be but we dont know until the next weekly candle is closed)
Attached Image

the close should be inside the previous candles range
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