Wait a minute.. there is more to it
Strat's PASR Long Term, Stress Free Trading 13480 replies
Short Term / Medium Term / Long Term? 3 replies
DislikedWait a minute.. there is more to itIgnored
DislikedHi Strat & Team,
i'm back after 1 year and 2 month. I had to deal with a change in my career so i skipped trading in this period.
I'm back on page 1 and after i finish reading and understanding the PASR i'll see you on your private forum.
DislikedEliteJets, what do you think about the CAD article from the latest issue of currency trader mag?
- Big Boss trend is down, 20 EMA is below 50 EMA pointing south
- Boss is aligned with Big Boss, last week candle engulfed the previous candle and closed below 20 EMA and below 1.35 sh support
- Worker closed last week below the 2 MA's
I think that was a good opportunity to enter a tradeIgnored
DislikedElitejets is on a leave of absence to recover her health.
EURCAD looks like a pull back ready for happening firstIgnored
DislikedPull back in place. Looking for PASR to short back into down trend to 1.28Ignored
DislikedReally? I would say on the monthly chart it doesnt seem so. The long wicks of candles signal rejection of 1.28 level. These hammers indicate rather bullish sentiment.Ignored
If you look at Boss swings, the last pulled back should bounce at 1.3700 level but price did not. It went through that level and now it became resistance. The last week candle really confirmed it. All we have to do now is waiting for Worker PASR.
Thanks Strat. I need a dose of Strat's mental injection. Mine is a little weak lately.Ignored
But it has made higher low on worker, double top at 137 is a possibilty.Ignored
How are you doing? This trading thing takes a life time to learn, don't you think? As you and I know market will do what ever it wants to do no matter what we think. Just for discussion purpose, the last swing up on the Boss has two levels to support this up move, 1.3100 and 1.3700. As you can see, the retracement cut through these levels that means this up move is over. It will continune when 1.4350 level is taken out. Any buy now is counter trend to that retracement. We trade with Bosses. I don't want to trade with Workers.Ignored
I am fine, yes you are correct the more we learn the more market will behave differently and then we learn again.
Fortunately I trade worker but just take direction from B/BB. Today's bar looks like going to close as BEEB but I can't take it because of strat shadow and on the Boss there isn't any bearish PA, some trader who trade weekly may have placed a sell order below last week BEOB which hasn't triggered so far. If I wait for it to close below the shadow on worker then the my risk will be more then 250 pips, but let see how it close...Ignored