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  • #13,201
  • Jun 11, 2020 8:55am Jun 11, 2020 8:55am
Quoting Rub
Here's the trade I took yesterday. There was a good 200 pips to the next support, but it stopped me out this morning my time, and not just from the crazy wide spread just after the market open. I reckon I took a decent entry for a basic PASR trade. The market has shown me different. Comments? {image}
Hi Rub

Further to Mhons' comments, there is a confirmed swing low on the daily (Your Boss) so to me the instruction to the 4H (your worker) would be to go long. But be aware as Mhons mentioned this would be counter trend.

So maybe one could also wait until the downtrend is resumed before going short.

Pete
  • #13,202
  • Jun 11, 2020 2:33pm Jun 11, 2020 2:33pm
Quoting Corinna
{quote} Hi TerryDawn, I like the way you explained how to trade the WCC. Very detail. Thank you.
Thanks Corinna,

How is your trading going?

Regards
Terry
  • #13,203
  • Jun 11, 2020 4:32pm Jun 11, 2020 4:32pm
Quoting Rub
Here's the trade I took yesterday. There was a good 200 pips to the next support, but it stopped me out this morning my time, and not just from the crazy wide spread just after the market open. I reckon I took a decent entry for a basic PASR trade. The market has shown me different. Comments? {image}
Good explanation by Mhons.

BB up until confirmed close below green line at end of June.

Boss down swing with price within a Potential WCC, won't know until end of week tomorrow.

Worker confirmed up swing with a nice BUEOB at the bottom of the Potential WCC, which also moved price back into the Potential WCC. Also check 200ema

H4 printed a nice BUOB once price moved back into the Potential WCC, that was the signal to go long.

Price had moved about 720 pips since recent high since the end of May, so not the best time to continue to look for shorts.

Just my opinion based on Power of Time Frames.

Regards
Terry
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurnzdh4.PNG Size: 35 KB
  • #13,204
  • Jun 12, 2020 5:19am Jun 12, 2020 5:19am
Quoting TerryDawe
{quote} Thanks Corinna, How is your trading going? Regards Terry
Still win some and lose some. I know my problem but just not be able to overcome it. Just finished reading all your posts in the thread. Really help me a lot. By the way, do you still need to install back you strat shadow? I may be able to help you.
  • #13,205
  • Jun 12, 2020 6:13am Jun 12, 2020 6:13am
TerryDawe, do you like this Strat Shadow?
Attached Image (click to enlarge)
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  • #13,206
  • Jun 12, 2020 6:37am Jun 12, 2020 6:37am
Or this?
Attached Image (click to enlarge)
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  • #13,207
  • Jun 12, 2020 7:46am Jun 12, 2020 7:46am
Quoting Corinna
Or this?{image}
Thanks very much for your offer of the shadow but I quite like the one I am using now. I find that by not filling with color it provides me with a clearer picture of price action.

Regards
Terry
  • #13,208
  • Jun 12, 2020 6:55pm Jun 12, 2020 6:55pm
Quoting Mhons
{quote} Hello Rub, did you make higher timeframe analysis (plan)? I am not so much experienced in long term trades so far but here my opinion on this. Weekly TF support + STRAT shadow dynamic support, PRICE in downswing but long engulfing bar at the end of swing at support more time than not it shows exhaustion Daily TF support + bullish outside bar and engulfing, PRICE already made 800 pips swing down in downtrend, do you remember that PRICE acts as rubber? IF I were trade it ( I am not) I would go counter trend long from this support looking for...

Thanks, I did have support marked but I don't get the rest of that. It's going on 3 years of trying to study this method and I feel like I'm not getting anywhere.

Quoting JCMPete
{quote} Hi Rub Further to Mhons' comments, there is a confirmed swing low on the daily (Your Boss) so to me the instruction to the 4H (your worker) would be to go long. But be aware as Mhons mentioned this would be counter trend. So maybe one could also wait until the downtrend is resumed before going short. Pete
Quoting TerryDawe
{quote} Good explanation by Mhons. BB up until confirmed close below green line at end of June. Boss down swing with price within a Potential WCC, won't know until end of week tomorrow. Worker confirmed up swing with a nice BUEOB at the bottom of the Potential WCC, which also moved price back into the Potential WCC. Also check 200ema H4 printed a nice BUOB once price moved back into the Potential WCC, that was the signal to go long. Price had moved about 720 pips since recent high since the end of May, so not the best time to continue to look for...

Thank you both.
  • #13,209
  • Edited 9:27am Jun 13, 2020 9:13am | Edited 9:27am
Quoting Rub
{quote} Thanks, I did have support marked but I don't get the rest of that. It's going on 3 years of trying to study this method and I feel like I'm not getting anywhere. {quote} {quote} Thank you both.
I know the feeling Rub, I have been at it for five years now and once it seems like I have an aha moment, I over analyze again and it seems I am getting nowhere.
Recently however I feel I am starting to really make improvement.

One needs to decide what is going on with the pair chosen to trade: Trending, ranging, consolidating.
One also needs to determine what a trend is, in my case a trend begins when the 9sma is through the strat shadow and both are through the 200ema.

Also while the trend is setting up, watch for signals telltale signals such as straddles and retraces to the 200ema.

A good example is the EURNZD currently.
Green horizontal line is March BB candle low.

In hindsight the best entry would have been below that straddle (which was also a BEEB) on the worker at the beginning of the formation of the WCC, but I was not watching this pair at that time.
Inside bar formed on worker Friday.
Where would we think price is going next?
Attached Image(s) (click to enlarge)
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  • #13,210
  • Jun 14, 2020 12:02am Jun 14, 2020 12:02am
Your explaination is very clear. Easy to understand.
  • #13,211
  • Jun 14, 2020 8:46am Jun 14, 2020 8:46am
Quoting Corinna
Your explaination is very clear. Easy to understand.
Thanks Corinna,

Here is a shot of a H4 swing trade I took on the USDCAD Thursday afternoon.
9sma flattening at bottom of the WCC
Bullish candle rejected at BB support (green line) followed by doji
Entered above top of bullish candle with stop below candle
Closed for 200 pips (RR 1:2) Friday afternoon
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 32 KB
  • #13,212
  • Jun 14, 2020 8:53am Jun 14, 2020 8:53am
Another H4 swing trade Thursday afternoon and closed Friday afternoon.

AUDUSD:
Large bearish candle rejecting top of WCC
Entered on that candle
Closed at bottom of strat shadow for 155 pps (RR 1:3)
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.PNG Size: 37 KB
  • #13,213
  • Jun 15, 2020 1:57am Jun 15, 2020 1:57am
Quoting TerryDawe
{quote} I know the feeling Rub, I have been at it for five years now and once it seems like I have an aha moment, I over analyze again and it seems I am getting nowhere. Recently however I feel I am starting to really make improvement. One needs to decide what is going on with the pair chosen to trade: Trending, ranging, consolidating. One also needs to determine what a trend is, in my case a trend begins when the 9sma is through the strat shadow and both are through the 200ema. Also while the trend is setting up, watch for signals telltale signals...
I started about July 2015, with a system that used stochastic and was always in the market. Had a great initial run and predictably blew it all with too much risk. Eventually decided I needed to learn price action if I was going to get anywhere, partly inspired by the user here who posted as Pharley. So the last ~3 years have been kicking about strat's theads. Trying to concentrate on just trades taking little bites out of trends like he says to start with but keep making mistakes like the last one I posted.

Haven't said all that, I'm not sure what you're asking about the EURNZD. Are you asking me to pick a market type or direction?

Quoting TerryDawe
Another H4 swing trade Thursday afternoon and closed Friday afternoon. AUDUSD: Large bearish candle rejecting top of WCC Entered on that candle Closed at bottom of strat shadow for 155 pps (RR 1:3) {image}
Simple stuff like this AUDUSD trade I constantly miss. Maybe it's because I'm a very concrete thinker, A then B then C etc. it doesn't seem like anything is clicking.
  • #13,214
  • Jun 15, 2020 3:42am Jun 15, 2020 3:42am
Quoting Rub
{quote} I started about July 2015, with a system that used stochastic and was always in the market. Had a great initial run and predictably blew it all with too much risk. Eventually decided I needed to learn price action if I was going to get anywhere, partly inspired by the user here who posted as Pharley. So the last ~3 years have been kicking about strat's theads. Trying to concentrate on just trades taking little bites out of trends like he says to start with but keep making mistakes like the last one I posted. Haven't said all that, I'm not...
[/b]

This is not the problem Rub. I have it same. This is what plan means to me. If A happen then I control B. If B is okay with my I go for C and like this until I open trade after all criteria are fullfilled to me.

at M1 is has to be fast usually

MH
  • #13,215
  • Jun 15, 2020 7:51am Jun 15, 2020 7:51am
Quoting Rub
{quote} I started about July 2015, with a system that used stochastic and was always in the market. Had a great initial run and predictably blew it all with too much risk. Eventually decided I needed to learn price action if I was going to get anywhere, partly inspired by the user here who posted as Pharley. So the last ~3 years have been kicking about strat's theads. Trying to concentrate on just trades taking little bites out of trends like he says to start with but keep making mistakes like the last one I posted. Haven't said all that, I'm not...
No Rub, I am not asking you to pick anything, just provoking thought.

One thing you may consider is waiting for a large Boss candle on any pair which creates a potential WCC.
Highlight the candle and drop to worker/H4 and try to trade that pair the following week using the Strat Shadow.
Do this once a potential WCC starts because as the weeks go on and the confirmed WCC is formed, it becomes more difficult to trade.
Just a suggestion, this is what I did last week on the USDCAD and AUDUSD
  • #13,216
  • Jun 18, 2020 6:38am Jun 18, 2020 6:38am
GbpNzd 15M Basic PASR
Attached Image (click to enlarge)
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  • #13,217
  • Jun 18, 2020 8:07am Jun 18, 2020 8:07am
Quoting JCMPete
GbpNzd 15M Basic PASR {image}
Pretty easy PASR today. Some example when all 3 timeframes are in same direction )

SORE THUMB trade

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  • #13,218
  • Jun 19, 2020 5:34am Jun 19, 2020 5:34am
hows everyone doing. im curious. i never thought id hear Rub say he is getting nowhere.....thought you would be ahead of the pack. ......

it pains me to see all you members still struggling to make Starts way work......i found using Strats way as a foundation is the best way to use it.....take the basis of his teachings and improve on that.......

i wish Strat could see me now......im not perfect. far from it. but i have an understanding of stop hunts, order flow, levels etc.....i may post a chart now and again depending on the response to this message....
If at first you don't succeed, try, try again.
  • #13,219
  • Jun 19, 2020 5:53am Jun 19, 2020 5:53am
GbpJpy & GbpUsd 5m Trades today
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  • #13,220
  • Jun 19, 2020 6:03am Jun 19, 2020 6:03am
According to start's teaching: SR is the close price range
But I still want to know why close price is not the highest or lowest price?
Can anybody explain help me with?
thanks
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