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  • #13,881
  • Feb 4, 2021 11:26am Feb 4, 2021 11:26am
Hello all,
I find it difficult to understand what the Boss tells. I need some help.

The Boss trend is down (H-L-LH-LL), but the last swing is going up (the red line). So does the Boss order to the Worker to go down because of this downtrend, or does it say to go up with this last upswing? If it says to go down, does the Worker have to ignore the Boss’s upswing?

I would like to do some more “exercises” with your help, if I may. I need to find peace with the Boss
Attached Image (click to enlarge)
Click to Enlarge Name: 2021 02 04_GBPAUD_Weekly.jpg Size: 133 KB
  • #13,882
  • Feb 4, 2021 1:21pm Feb 4, 2021 1:21pm
Quoting linkuva
Hello all, I find it difficult to understand what the Boss tells. I need some help. The Boss trend is down (H-L-LH-LL), but the last swing is going up (the red line). So does the Boss order to the Worker to go down because of this downtrend, or does it say to go up with this last upswing? If it says to go down, does the Worker have to ignore the Boss’s upswing? I would like to do some more “exercises” with your help, if I may. I need to find peace with the Boss {image}
Hi
You will need to look first at the monthly since this is the long term trend
If the weekly is aligned and moving in the same direction then you move down to the daily and take trades into that direction.

Read about weekly control candles in the meantime and watch where price is
Attached Image
I am not trading the daily charts, so I gave it a try. I hope it helps
  • #13,883
  • Edited 2:51pm Feb 4, 2021 2:11pm | Edited 2:51pm
Quoting linkuva
Hello all, I find it difficult to understand what the Boss tells. I need some help. The Boss trend is down (H-L-LH-LL), but the last swing is going up (the red line). So does the Boss order to the Worker to go down because of this downtrend, or does it say to go up with this last upswing? If it says to go down, does the Worker have to ignore the Boss’s upswing? I would like to do some more “exercises” with your help, if I may. I need to find peace with the Boss {image}
My two cents worth:
BB January closed at the green line (strong support area)
Boss swing confirmed swing up last week and also has moved out of the WCC
Worker is completing a BUEOB today so in line with the Boss
A potential trade would be to place a buy stop above the high of today's candle OR wait for a retrace and look for a better entry on H1 or H4 since price is currently at pretty strong resistance. Probably expect price to remain around the BRN 1.8000 for awhile.
PASR traders who are trading the London session had a pretty good signal on that retrace on M30
Look where the H4 retraced to before taking off today
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPAUDWeekly.png Size: 34 KB
Click to Enlarge Name: GBPAUDDaily.png Size: 47 KB
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Click to Enlarge Name: GBPAUDM30.png Size: 37 KB
  • #13,884
  • Feb 4, 2021 2:11pm Feb 4, 2021 2:11pm
Quoting bistolis
{quote} Hi You will need to look first at the monthly since this is the long term trend If the weekly is aligned and moving in the same direction then you move down to the daily and take trades into that direction. Read about weekly control candles in the meantime and watch where price is{image}I am not trading the daily charts, so I gave it a try. I hope it helps
Thank you very much for your answer.

Yes, I do see this WCC and if I understand correctly, no trading for newbies while in WCC.

My big problem while reading these PASR threads is that I can’t understand when B is aligned with BB and when they are not. And I can’t understand how to see what order B gives to W.
Could you give an example how it looks when B and BB are in agreement and when they are not?

What direction from GBPAUD Montly to take - from 2001 Oct (down) or from 2012 ~June?

I am afraid to be told that I need spoon-feeding but I am lost in the woods so I decided to show up with my questions.
  • #13,885
  • Feb 4, 2021 2:40pm Feb 4, 2021 2:40pm
Quoting TerryDawe
{quote} My two cents worth: BB January closed at the green line (strong support area) Boss swing confirmed swing up last week and also has moved out of the WCC Worker is completing a BUEOB today so in line with the Boss A potential trade would be to place a buy stop above the high of today's candle OR wait for a retrace and look for a better entry on H1 or H4 since price is currently at pretty strong resistance. Look where the H4 retraced to before taking off today {image} {image} {image} {image}
Thank you TerryDawe for your clear answer. I really appreciate that.
I have a lot unclear things in my head but I understand what you explained here. One step forward
  • #13,886
  • Feb 4, 2021 2:46pm Feb 4, 2021 2:46pm
Quoting linkuva
{quote} Thank you very much for your answer. Yes, I do see this WCC and if I understand correctly, no trading for newbies while in WCC. My big problem while reading these PASR threads is that I can’t understand when B is aligned with BB and when they are not. And I can’t understand how to see what order B gives to W. Could you give an example how it looks when B and BB are in agreement and when they are not? What direction from GBPAUD Montly to take - from 2001 Oct (down) or from 2012 ~June? I am afraid to be told that I need spoon-feeding but I...
You've got the wrong WCC as the old one was broken four weeks ago.
In addition we have a potential new WCC forming this week
Attached Image (click to enlarge)
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  • #13,887
  • Feb 4, 2021 4:02pm Feb 4, 2021 4:02pm
Quoting TerryDawe
{quote} You've got the wrong WCC as the old one was broken four weeks ago. In addition we have a potential new WCC forming this week {image}
Terry, I sent you a private message... of importance
  • #13,888
  • Feb 4, 2021 4:12pm Feb 4, 2021 4:12pm
Quoting Lou
{quote} Terry, I sent you a private message... of importance
Thanks Lou,

I responded to your message
  • #13,889
  • Edited Feb 5, 2021 1:19pm Feb 4, 2021 4:16pm | Edited Feb 5, 2021 1:19pm
Quoting TerryDawe
{quote} Thanks Lou, I responded to your message
I stand corrected on the WCC on GBPAUD, the current WCC is the December 6th candle since there was no close below that low.
Please accept my apologies, not sure what I was thinking

Thanks for pointing this out to me Lou as it has allowed me to analyze the specifics related to price action within this large WCC.
As Strat has pointed out, just because price is within a WCC it can still be traded using PASR.
This one is around 650 pips from top to bottom so plenty of room to trade.
There were two Boss inside bar set ups along with nice worker price action with the shadow.
Once the Boss WCC candle was formed price moved back up to the worker shadow where it promptly retraced back to the WCC bottom but couldn't break through the strong support.
Dropping to the worker and lower time frames provided good trades from the bottom of the large WCC up to nearly the top using PASR and the strat shadow.
So the presence of a WCC (especially a large one) shouldn't prevent one from trading. As a matter of fact if large enough the logical S/R levels are identified for you.
Attached Image(s) (click to enlarge)
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  • #13,890
  • Feb 4, 2021 6:22pm Feb 4, 2021 6:22pm
Quoting pippoacher
{quote} Still only trading daily? like the first 20 pages of the thread?
mind your own buisnes
  • #13,891
  • Feb 4, 2021 6:24pm Feb 4, 2021 6:24pm
Quoting Tacitus
Oh great master Strat! You complain that nobody comments on your thread anymore, other than a couple of supposed students and admirers? Perhaps that's because, by now, even most users of this forum who have been around long enough to see the beginning of your thread, have understood what should have been obvious from the very start: that giving new names to old and busted systems and components (like calling a short-dated MA a "boss" and a long-dated "Big Boss") to give a veneer of originality to old news, does not a trading system make. At least...
you mind your own business too, idiot.
  • #13,892
  • Feb 4, 2021 6:50pm Feb 4, 2021 6:50pm
Quoting Suran
{quote} Ok I will give it a go.... This is what I see.... (Yellow marked in your chart ) 1.BUOB at prior S/R level unable to close below. this is a indication that price is wanting to go to the next level. Longs open 2. 2-Day pin at major S/R level. take half of profits and breakeven longs or stoploss at bottom break of this BEEB. Break of this BEEB or 2-day pin means sells initiated. 3. Daily pin ..stop loss at above this pin (for sells). Break above this pin means collapse of price action bar.so sells exits for little scrach 4. 2-day pin again...

That's great.

I liked the way you approached the chart, and I liked the down to earth way of reading of it. No frills, with no over analysis.

You expressed how you felt about the set ups, and responded with a trade that matched your sentiment.

Where you go from here is to maintain the same level of connection with the chart, but now in real time.

It is quite a bit different to read the bars, in real time, and place the S/R lines when appropriate.

This is the point to start a trading log, as you forward test and practice reading the charts.


The 4 hr chart is obviously available to plot at any time, as are all the time frames, and is open for business.
  • #13,893
  • Feb 4, 2021 10:13pm Feb 4, 2021 10:13pm
Quoting linkuva
Hello all, I find it difficult to understand what the Boss tells. I need some help. The Boss trend is down (H-L-LH-LL), but the last swing is going up (the red line). So does the Boss order to the Worker to go down because of this downtrend, or does it say to go up with this last upswing? If it says to go down, does the Worker have to ignore the Boss’s upswing? I would like to do some more “exercises” with your help, if I may. I need to find peace with the Boss {image}

Hopefully I'm not going to confuse you here, but here goes.

Look at what immediate trend is on the big boss (monthly). Is it up or down?

Look at the immediate trend on the boss (weekly), is it up or down? Does it match the direction of the big boss?

If both of them are heading in the same direction, then you can look for safe entries on the worker chart. Once you have a better understanding of the price action you can then start to trade the swings up and down of the boss. The ideal is when they all turn back to the same direction in the overall trend.
  • #13,894
  • Feb 5, 2021 2:25am Feb 5, 2021 2:25am
Quoting Baba G
{quote} mind your own buisnes
get fucked it was a legitimate question wanker
  • #13,895
  • Feb 5, 2021 2:30am Feb 5, 2021 2:30am
so not nice this thread lately.

bin here for a couple of months trying to learn and read and understanding the PASR.
  • #13,896
  • Feb 5, 2021 2:33am Feb 5, 2021 2:33am
Quoting Dreadlocks
so not nice this thread lately. bin here for a couple of months trying to learn and read and understanding the PASR.
you are on the right thread, a blue print for long term positive expectation, persevere and learn your bank balance will thank you
  • #13,897
  • Edited 3:47am Feb 5, 2021 3:06am | Edited 3:47am
Quoting Rub
{quote} Hopefully I'm not going to confuse you here, but here goes. Look at what immediate trend is on the big boss (monthly). Is it up or down? Look at the immediate trend on the boss (weekly), is it up or down? Does it match the direction of the big boss? If both of them are heading in the same direction, then you can look for safe entries on the worker chart. Once you have a better understanding of the price action you can then start to trade the swings up and down of the boss. The ideal is when they all turn back to the same direction in the...
Thanks, Rub, for your reply.
Of course I would look at BB and B immediate trends if I finally understood where they were

Could you or somebody else please answer if I mark immediate trends correctly or not at all? Monthly immediate trend in the RED box is DOWN, Weekly immediate trend in the BLUE box is up. Are these immediate trends or not?
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  • #13,898
  • Feb 5, 2021 3:44am Feb 5, 2021 3:44am
Quoting TerryDawe
{quote} I stand corrected on the WCC on GBPAUD, the current WCC is the December 6th candle since there was no close below that low. Please accept my apologies, not sure what I was thinking {image}
That's ok. I doubted when you wrote about another WCC and was thinking to check my notes about WCC
  • #13,899
  • Feb 5, 2021 4:00am Feb 5, 2021 4:00am
Quoting linkuva
Hello all, I find it difficult to understand what the Boss tells. I need some help. The Boss trend is down (H-L-LH-LL), but the last swing is going up (the red line). So does the Boss order to the Worker to go down because of this downtrend, or does it say to go up with this last upswing? If it says to go down, does the Worker have to ignore the Boss’s upswing? I would like to do some more “exercises” with your help, if I may. I need to find peace with the Boss {image}
Hi linkuva

Further to the posts from Bistolis, Terry and Rub, below are some extracts from Strat's posts in the archives that could help as well.

Pete

Attached Image

Which Trend ?

Let's first just make sure we understand that even within one time frame there are several trends. We must establish what the dominant trend is and to do that, zoom out as far as you can go and it should be obvious. I have done this on eurusd weekly and you can see the dominant trend is UP as shown by the deep sky blue channel line.

Attached Image


Then zoom in to find the intermediate trend as shown by the magenta line.

Attached Image


Then zoom into that trend to find the short term trend as shown by the gold line.

Attached Image


Then zoom into that trend to find the immediate trend as shown by the lime green line.

Attached Image


You need to be aware of all these trends when trading the Worker to know whether you are with or against the trend.

So, to trade the Worker, you need to know the IMMEDIATE BOSS trend since this governs the Worker direction.

Remember also that if you draw TLs as I do, you can use them as your Momentum indicators which tell you far more than a squiggly line.

So, where we are today on the BOSS, the IMMEDIATE trend is DOWN but it is at the cross - roads of it's short term trend meaning that something has to give. Whichever way this breaks IS the IMMEDIATE trend and will provide direction for the Worker.

Don't forget that even 3 bars on the BOSS is 15 bars on the Worker.
  • #13,900
  • Feb 5, 2021 4:11am Feb 5, 2021 4:11am
Quoting JCMPete
{quote} Hi linkuva Further to the posts from Bistolis, Terry and Rub, below are some extracts from Strat's posts in the archives that could help as well. Pete {image} Which Trend ? Let's first just make sure we understand that even within one time frame there are several trends. We must establish what the dominant trend is and to do that, zoom out as far as you can go and it should be obvious. I have done this on eurusd weekly and you can see the dominant trend is UP as shown by the deep sky blue channel line. {image} Then zoom in to find the intermediate...
I know these post, read them and reread them, tried to understand them. But when I try to apply my knowledge to the current situation (online) I am blind.
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