Strat's PASR Long Term, Stress Free Trading | Page 923 | Forex Factory

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Strat's PASR Long Term, Stress Free Trading

  • #18,441
  • Feb 26, 2025 8:32am Feb 26, 2025 8:32am
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  • #18,442
  • Feb 26, 2025 12:28pm Feb 26, 2025 12:28pm
Quoting Deichkind
Hello Terry, yes, if GBPUSD closes above the SS and 200 I will think about a reentry. Also I keep an eye on AUDUSD and USDCHF, will wait the next days what will happen on this pairs. best regards Thorsten {image} {image}
Hi Thorsten, remember that USDCHF is something Strat was not fond of. The SNB event has shown us why.
Fix up, trade sharp ...
  • #18,443
  • Feb 26, 2025 12:31pm Feb 26, 2025 12:31pm
Quoting bistolis
{image}
Good stuff. Could not trade today because of a business trip, yet yesterday was very nice with all the volatility - not easy, but very profitable if you allow your mind some flexibility.
Fix up, trade sharp ...
  • #18,444
  • Feb 26, 2025 12:59pm Feb 26, 2025 12:59pm
Quoting Hickson
{quote} Good stuff. Could not trade today because of a business trip, yet yesterday was very nice with all the volatility - not easy, but very profitable if you allow your mind some flexibility.
It was a nice open but its nothing compared to this.
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  • #18,445
  • Edited 3:35pm Feb 26, 2025 3:16pm | Edited 3:35pm
Quoting bistolis
{quote} It was a nice open but its nothing compared to this.{image}
good retest of the L
It might go lower to 61.8 fibs on the daily chart posted on my journal, nobody knows - just possibility
NVIDIA earning coming soon, it shall be a good mover
looking at the daily and NYSE session bars pa is well within the last WRB, just a volatile market, but well within the parameters applied to the significance of the WRB
Make sure losses are small and profits are bigger!
  • #18,446
  • Edited 8:52am Feb 27, 2025 8:19am | Edited 8:52am
Short AUDUSD on PASR
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  • #18,447
  • Feb 27, 2025 9:02am Feb 27, 2025 9:02am
similar to AUDUSD
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  • #18,448
  • Feb 27, 2025 9:04am Feb 27, 2025 9:04am
PASR
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  • #18,449
  • Feb 27, 2025 11:01am Feb 27, 2025 11:01am
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  • #18,450
  • Feb 27, 2025 11:14am Feb 27, 2025 11:14am
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  • #18,451
  • Feb 27, 2025 11:29am Feb 27, 2025 11:29am
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  • #18,452
  • Feb 27, 2025 11:49am Feb 27, 2025 11:49am
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  • #18,453
  • Feb 27, 2025 12:04pm Feb 27, 2025 12:04pm
Quoting TerryDawe
{image}
nice entry at second blue arrow

regards
  • #18,454
  • Feb 27, 2025 12:10pm Feb 27, 2025 12:10pm
I also found EURGBP interesting, but missed the entry, entry at candle low with red arrow. BB and BOSS downwards, broken out of WCC, retrace to broken WCC bottom and BEEB at the line, target at red support.

regards
Thorsten
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  • #18,455
  • Feb 27, 2025 12:40pm Feb 27, 2025 12:40pm
Quoting TerryDawe
{image}
Well done, you are giving us loads of homework for the weekend, Terry!
Fix up, trade sharp ...
  • #18,456
  • Feb 27, 2025 1:04pm Feb 27, 2025 1:04pm
Quoting TerryDawe
similar to AUDUSD {image}
Good morning, I started to focus on the original PASR on the larger time frames, if I understood from previous posts, your green box is the wcc, could you post your weekly graph for comparison? I attach mine as I identified the wcc if it is correct

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  • #18,457
  • Feb 27, 2025 4:43pm Feb 27, 2025 4:43pm
Quoting invelop
{quote} Good morning, I started to focus on the original PASR on the larger time frames, if I understood from previous posts, your green box is the wcc, could you post your weekly graph for comparison? I attach mine as I identified the wcc if it is correct {image}
It seems correct
  • #18,458
  • Feb 27, 2025 5:54pm Feb 27, 2025 5:54pm
Quoting invelop
{quote} Good morning, I started to focus on the original PASR on the larger time frames, if I understood from previous posts, your green box is the wcc, could you post your weekly graph for comparison? I attach mine as I identified the wcc if it is correct {image}
You're correct with your WCC since it closed outside the previous WCC.
However one thing about WCCs is that their size can be significant in understanding what is going on.
What I mean here is that small weekly candles following large candles have the probability of not finishing the week as a control candle.
So what I watch for is false breaks of WCCs using daily candles to close back within the previous WCC.
In this case the two bearish daily candles that formed at the top of the new WCC provided a potential opportunity for a reasonably low risk short entry.
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  • #18,459
  • Feb 28, 2025 7:53am Feb 28, 2025 7:53am
I was hoping someone would comment on my post regarding weekly control candles. However it doesn't appear that this is going to happen so here is an updated explanation of weekly control candles.
Attached is the NZDUSD weekly chart with the last WCC highlighted. The marked WCC was in force until we got the first close outside of its range.
There has been no new one formed because the requirement is that a weekly candle is followed by the next one closing within its range.
So at the moment price has retraced back into the most recent one.
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  • #18,460
  • Feb 28, 2025 8:24am Feb 28, 2025 8:24am
Good example of WCC false break
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