DislikedCommonly referred to as "basic PASR" - trading from support to resistance and resistance to support.Ignored
Strat, so "basic PASR" is not adaptive in very trendy market?
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DislikedCommonly referred to as "basic PASR" - trading from support to resistance and resistance to support.Ignored
DislikedNothing more I want to do now
Strat, so "basic PASR" is not adaptive in very trendy market?Ignored
DislikedThanks, Strat.
Edit: Placing orders above hammer very small position. SL below first hammer. TP1 at 1.6180. TP2 at 1.6250. Move second position to BE on TP1 hit.Ignored
DislikedAUDJPY
Buyers pushing up to take profits again?
Would be buying a close above 01.07 candle high.
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DislikedHere are YOUR answers to YOUR questions:
The Daily Hammer has a great shape and size in comparison with the other neighboring candles. It exceeded the ADR (5) by 35%.
The Daily Hammer was formed at a “complete” trading period meaning the holidays have finished for the majority of market traders.
Consolidation is not an issue for an experienced SPA trader. On the contrary, consolidation is a goldmine for SPA traders.
[i]Finally, the location of the Daily hammer is great...Ignored
DislikedAlso take note that you traded right after the big red candle. Your trade was fighting with strong momentum. Don't trade any PA setups right next to Big Candles. Chin up next one.Ignored
DislikedThanks.
One more question. If there is a PASR setup for short above (or long below) strat shadow could it be taken?Ignored
DislikedTrading is all come down to risk, low risk and high risk. Both can be winner trade and loser trade. We are all trying to trade with consistency. If you trade PASR with Strat shadow, your trade has less resistance and higher chance of reaching your first target. I used to take them but not any more after seeing the powerful trends with Strat shadow, I am convinced it is worth the wait. That is one of my resolutions for this year, WAIT.Ignored
DislikedPatrick has learned and traded well so follow his advice wisely.
Somewhere back in this thread I said the Strat Shadow is your road map - it still is, and always will be, since it is based on PASR, the basics and foundation of trading.
Trading on the correct side of the Strat Shadow is trading with the trend. Trading against it is counter trend trading. Go back and read and understand my post where I showed the POSITIVE and NEGATIVE Strat Shadow.
The HIGHEST RISK area to trade is at trend change, ANY TREND CHANGE on ANY TIME FRAME. This is where...Ignored
DislikedOk, that makes sense. Thanks!
But i.e.
EURNZD
In this situation, I think, it doesn't matter if we are above strat shadow or below? Strat shadow is going sideways and price is ranging.
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If it closes today like this BUOB, I'm buying this.Ignored