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Strat's Long Term Stress Free Trading

  • #17,801
  • Mar 11, 2013 3:37pm Mar 11, 2013 3:37pm
Quoting 100PipsADay
Strat,

The reason I brought this up is because in one hour price could move up far enough to "invalidate" the shooting star depending on broker server time. I'm not saying it did but one hour in this market could make all the difference in candle formation, wouldn't you agree?
Yes and no. It all depends where in the D1 candle your "move up far enough" happens AND when your D1 candle closes.

Attached is a chart both showing D1 candles on the H1 chart.

My candle closing at 5pm NY time is in green and yours closing at 8pm NY time is purple/pink.
Attached Image (click to enlarge)
Click to Enlarge Name: H1 impact on D1.png Size: 37 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,802
  • Mar 11, 2013 3:39pm Mar 11, 2013 3:39pm
Quoting 100PipsADay
Could somebody please tell me what moving averages are used on the monthly chart?

Thank you in advance.
The same as on the Worker and Boss - we just toggle up from Worker to Boss to Big Boss - no need to redraw anything
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,803
  • Mar 11, 2013 3:43pm Mar 11, 2013 3:43pm
Quoting strat
Yes and no. It all depends where in the D1 candle your "move up far enough" happens AND when your D1 candle closes.

Attached is a chart both showing D1 candles on the H1 chart.

My candle closing at 5pm NY time is in green and yours closing at 8pm NY time is purple/pink.

Quoting strat
The same as on the Worker and Boss - we just toggle up from Worker to Boss to Big Boss - no need to redraw anything


Understood, thanks Strat for clarifying.
  • #17,804
  • Mar 11, 2013 5:10pm Mar 11, 2013 5:10pm
GBP/USD

"the sky is grey, the sand is grey, and the ocean is grey.
i feel right at home in this stunning monochrome, alone in my way..."

Next support 1.4500

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 74 KB
  • #17,805
  • Mar 11, 2013 5:30pm Mar 11, 2013 5:30pm
Quoting bullzeye
GBP/USD

"the sky is grey, the sand is grey, and the ocean is grey.
i feel right at home in this stunning monochrome, alone in my way..."

Next support 1.4500
It is what is known as a "slow, painful grind down to 1.45"
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,806
  • Mar 12, 2013 4:40pm Mar 12, 2013 4:40pm
There was some talk about GBPJPY so I'll give it my view.

Currently we have interesting position forming.

Jan 10th to Feb 1 price was rejected by resistance at 144.00. That was 20 day rejection finally breaking through. Price has found support at that same level of 144.00 again on Feb 15th. giving BUOB , but prices moved lower breaking support after bullish PA showing that sellers are taking over. That continued into 3 week bearish action. Currently we have price back at 144.00 level giving shooting star at March 8th, unable to close above resistance on Monday and getting bearish bar on Tuesday showing the respect of 144.00 resistance level.

Sellers are taking over breaking the support and rejecting Bullish PA. I'm looking for Bearish PA at this level

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Daily 20130312.PNG Size: 46 KB
  • #17,807
  • Mar 12, 2013 5:37pm Mar 12, 2013 5:37pm
GBPJPY
Quoting kaunasny
There was some talk about GBPJPY so I'll give it my view.

Currently we have interesting position forming.

Jan 10th to Feb 1 price was rejected by resistance at 144.00. That was 20 day rejection finally breaking through. Price has found support at that same level of 144.00 again on Feb 15th. giving BUOB , but prices moved lower breaking support after bullish PA showing that sellers are taking over. That continued into 3 week bearish action. Currently we have price back at 144.00 level giving shooting star at March 8th, unable to close above...
Both the Worker and Boss are still in their UP swings so you need to be cautious
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpyWORKER.png Size: 41 KB
Click to Enlarge Name: gbpjpyBOSS.png Size: 55 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,808
  • Mar 13, 2013 4:34am Mar 13, 2013 4:34am
Quoting strat
GBPJPY


Both the Worker and Boss are still in their UP swings so you need to be cautious
Yes definitely Worker and Boss are still up. But those 3 weeks strong down movement is telling me something is up at this level and that there might be a down swing forming. Entering with nice PA at this level cautiously for a possible down swing.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Daily 20130312.PNG Size: 47 KB
  • #17,809
  • Mar 13, 2013 9:47am Mar 13, 2013 9:47am
EURUSD

Members who UNDERSTAND and PRACTICE PASR are profiting handsomely.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdH4.png Size: 49 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,810
  • Mar 13, 2013 11:05am Mar 13, 2013 11:05am
Quoting strat
EURUSD

Members who UNDERSTAND and PRACTICE PASR are profiting handsomely.
Yes, it looks good now once we broke support of that horrible 1.300 . But weren't we suppose to wait for break of that 1.300 and entering in front of this support was a suicide?

I have actually turned to H4 and was waiting for a signal there. I was looking to enter below 1.300 hopping to be entering low enough to avoid false break. Have gotten nice BEOB just at that level I was most comfortable about. No way I could take any of those Worker PA against 1.300 support.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 3.13.PNG Size: 43 KB
  • #17,811
  • Mar 13, 2013 11:11am Mar 13, 2013 11:11am
Quoting kaunasny
Yes, it looks good now once we broke support of that horrible 1.300 . But weren't we suppose to wait for break of that 1.300 and entering in front of this support was a suicide?

I have actually turned to H4 and was waiting for a signal there. I was looking to enter below 1.300 hopping to be entering low enough to avoid false break. Have gotten nice BEOB just at that level I was most comfortable about. No way I could take any of those Worker PA against 1.300 support.

Attachment
Yes, you are correct for your level/experience of trading. It also depends on your tolerance for RISK.

We have experienced PASR members who have been profitably PASR trading H1 and H4 in the direction of the dominant trend during this period.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,812
  • Mar 13, 2013 11:45am Mar 13, 2013 11:45am
Quoting strat
EURUSD

Members who UNDERSTAND and PRACTICE PASR are profiting handsomely.
Oh, this was a H4 chart. I thought it was Daily you're showing here.
  • #17,813
  • Mar 13, 2013 4:53pm Mar 13, 2013 4:53pm
Quoting strat
It is what is known as a "slow, painful grind down to 1.45"
GBP/USD

"Time is on my side, yes it is..."

nice bond hammer by the way

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 67 KB
  • #17,814
  • Mar 13, 2013 5:24pm Mar 13, 2013 5:24pm
Quoting strat
EURUSD

Members who UNDERSTAND and PRACTICE PASR are profiting handsomely.
daily as trading timeframe rules over all, i swore to my self one day never trading under the daily and its the best advise that i can give for beginners. You say PASR works on every timeframe, and i say no. Its an illusion. H4 is a biatch, not better as m5 or m15...

ohh sorry i said ugly things again, too much beer for me today (my favorite football club wons today )

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 67 KB
  • #17,815
  • Mar 13, 2013 5:37pm Mar 13, 2013 5:37pm
Quoting kaunasny
Yes definitely Worker and Boss are still up. But those 3 weeks strong down movement is telling me something is up at this level and that there might be a down swing forming. Entering with nice PA at this level cautiously for a possible down swing.

Attachment
First thing i learned in this thread from Strat:" In strong trends there are no rules!"...Anyway, we need a stronger signals from PASR for a trend change, don't you agree? Seeing beyond the candles, thats a thing we all must to learn to reach a status of Strat, Patrick and Trogger until we are not longer the FOOD ...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 66 KB
  • #17,816
  • Mar 13, 2013 7:33pm Mar 13, 2013 7:33pm
Quoting bullzeye
GBP/USD

"Time is on my side, yes it is..."

nice bond hammer by the way

Attachment
Yes, CANCELLED OUT by the Shooting Star.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,817
  • Mar 13, 2013 7:40pm Mar 13, 2013 7:40pm
Quoting bullzeye
daily as trading timeframe rules over all, i swore to my self one day never trading under the daily and its the best advise that i can give for beginners. You say PASR works on every timeframe, and i say no. Its an illusion. H4 is a biatch, not better as m5 or m15...

ohh sorry i said ugly things again, too much beer for me today (my favorite football club wons today )

Attachment
You say PASR works on every timeframe, and i say no.

Oh YES IT DOES - I traded M1 & M5 LIVE on the members' website with PASR

And who are you to judge PASR? Did you develop PASR? Do you UNDERSTAND PASR? The answer to all of these are no, therefore don't make STUPID statements you cannot support. The only judge of PASR is the Market.

Be careful posting when you are drunk and disorderly - the last guy who did this on here and on the member's website got BANISHED, never to return.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,818
  • Mar 14, 2013 12:41am Mar 14, 2013 12:41am
Quoting strat
"Trading in REAL time with the benefit of hindsight" - I like it Patrick!
I will follow you
Follow wherever you may go. Ricky Nelson 1963
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-3-13-13.gif Size: 21 KB
  • #17,819
  • Mar 14, 2013 3:28am Mar 14, 2013 3:28am
Quoting strat
You say PASR works on every timeframe, and i say no.

Oh YES IT DOES - I traded M1 & M5 LIVE on the members' website with PASR

And who are you to judge PASR? Did you develop PASR? Do you UNDERSTAND PASR? The answer to all of these are no, therefore don't make STUPID statements you cannot support. The only judge of PASR is the Market.

[b][size=4][color=Red]Be careful posting when you are drunk and disorderly - the last guy who did this on here and on the member's website...
Have to apologize Strat, i have overstated this time i see, sorry for the stupid post

back to business...
  • #17,820
  • Mar 14, 2013 5:58am Mar 14, 2013 5:58am
Quoting patrick25
I will follow you
Follow wherever you may go. Ricky Nelson 1963
Great Patrick

I like the Boss candle...the pair approaching a very strong resistance area now

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 44 KB
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