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  • #18,421
  • Aug 12, 2013 6:32pm Aug 12, 2013 6:32pm
Quoting strat
EURAUD How much confluence do you need? {image}
Hi Strat.
This pair is one on my radar but I have a question that relates to general plan effecting other pairs too.
The EA, from Big Boss and Boss is in an uptrend but have had a recent pullback.
The swing and the confluence tell me the daily has swung but do I not need, according to your method, the Weekly at least, to have shown a turnaround so it is back in it's uptrend or is the week's activity so far enough to say that the uptrend has resumed?
This is a difficulty I am seeing regularly.
The dominant trend appears to have resumed but the weekly bar has not caught up.
How would you approach this situation in my case?
I could wait for confirmation with a weekly closed uptrend candle and a higher low on the daily but by then we cold all be dead.
Thanks agin for your wisdom.
  • #18,422
  • Aug 12, 2013 7:05pm Aug 12, 2013 7:05pm
EURAUD

Quoting andygrope
{quote} Hi Strat. This pair is one on my radar but I have a question that relates to general plan effecting other pairs too. The EA, from Big Boss and Boss is in an uptrend but have had a recent pullback. The swing and the confluence tell me the daily has swung but do I not need, according to your method, the Weekly at least, to have shown a turnaround so it is back in it's uptrend or is the week's activity so far enough to say that the uptrend has resumed? This is a difficulty I am seeing regularly. The dominant trend appears to have resumed but...
We trade in the direction of the PRIMARY trend

We WAIT for the WORKER to pull back AGAINST the PRIMARY trend and TRADE when it turns BACK into the PRIMARY trend

The PRIMARY trend has NOT changed and is STILL UP

The Worker pulled back and is now turning BACK into the PRIMARY trend

This, and my COMPLETE PASR method, is all FULLY DETAILED with charts and examples on www.stratsforextrading.com
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,423
  • Aug 12, 2013 7:29pm Aug 12, 2013 7:29pm
Quoting strat
EURAUD {quote} We trade in the direction of the PRIMARY trend We WAIT for the WORKER to pull back AGAINST the PRIMARY trend and TRADE when it turns BACK into the PRIMARY trend The PRIMARY trend has NOT changed and is STILL UP The Worker pulled back and is now turning BACK into the PRIMARY trend This, and my COMPLETE PASR method, is all FULLY DETAILED with charts and examples on www.stratsforextrading.com
Ok. Thanks Strat.
I did entera as follows
Entry
1.45673
SL
144440
TP
1.49840

I have entered with 2 micro lots .
How would you manage your exit from the trade assuming it goes as planned.
Would you build a larger longterm position , say, once you break through the recent top or how would you plan it?
I guess another approach would be to close half my position as it approaches the top and ,if it breaks through and confirms, add at that point.
I have worked a bit on building longterm larger positions.
I guess at this stage with your method I should restrict myself to PASR entries and exits.
What do you think?
I am looking at your website and I look like joining you as a member.
Cheers
  • #18,424
  • Aug 12, 2013 9:49pm Aug 12, 2013 9:49pm
EURAUD

Quoting andygrope
{quote} Ok. Thanks Strat. I did entera as follows Entry 1.45673 SL 144440 TP 1.49840 I have entered with 2 micro lots . How would you manage your exit from the trade assuming it goes as planned. Would you build a larger longterm position , say, once you break through the recent top or how would you plan it? I guess another approach would be to close half my position as it approaches the top and ,if it breaks through and confirms, add at that point. I have worked a bit on building longterm larger positions. I guess at this stage with your method...
My ADD ON entries are at 1.4559 with a SL below the UNCONFIRMED swing low.

How would you manage your exit from the trade assuming it goes as planned.

Since 2009, EURAUD has been THE most profitable pair for me and continues to be so. I have been long since early April this year, banking some profits at reverse PASR while keeping "some" long term positions open, as have our senior 3 STAR traders. This is all documented and detailed in our "TREND" and "TREND ADD ON" threads.

Since I have been ADDING ON in accordance with my TREND and TREND ADD ON techniques, I am fat, very fat in profit, and have a BIG cushion from which to support my ADD ON trades so I have no pre-set targets. I let the market, and more especially, the trend, decide my profits.

Contrary to what is written by the "experts", PASR trend traders make the biggest bang for our buck in trends by compounding and adding on until there is no trend left to trade.

My advice to all my students is to learn basic PASR first which is THE FOUNDATION OF TRADING. If you can be profitable at that then what follows is the ICING ON THE CAKE. Unfortunately, we have had students, lured by the riches of trend trading, who tried to trend trade before they learned basic PASR and ended up LOSING again. Learn to crawl before you walk before you run.

Trend trading has little to do with the technicals/charts - it is 95% Trading Psychology where each trader has to deal with, and control, his Little People.

If you have not already done so, I suggest you go to "THE PATH" in the FREE section of www.stratsforextrading.com and read my true Dr. Joe story.

Along with my trend trading, this has been the inspiration for Roger (No1Optimist), our FIRST 4 STAR TRADER, who went from a losing trader to a basic PASR trader to a VERY PROFITABLE trend trader and, in doing so, is the ROLE MODEL for new (and some "old") students. Roger can relate better to the students than I because he is LIVING PROOF that you can learn my complete PASR trading method and become very successful and profitable in doing so.

Roger has not only specialised in trend trading but has taken my "seat of the pants" (experience) trend trading method and built a set of rules around it to help himself and other profitable PASR traders qualify and trade pairs likely to trend.

You don't need to "smooth talk" to me about joining www.stratsforextrading.com as I will always help those who are interested in pursuing trading as a professional career however, I am now limited to what I can divulge on here due to proprietary information only available to my subscribing members and trust you understand.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,425
  • Aug 12, 2013 10:31pm Aug 12, 2013 10:31pm
Quoting strat
EURAUD {quote} My ADD ON entries are at 1.4559 with a SL below the UNCONFIRMED swing low. How would you manage your exit from the trade assuming it goes as planned. Since 2009, EURAUD has been THE most profitable pair for me and continues to be so. I have been long since early April this year, banking some profits at reverse PASR while keeping "some" long term positions open, as have our senior 3 STAR traders. This is all documented and detailed in our "TREND" and "TREND ADD ON" threads. Since I have been ADDING ON in accordance with my TREND...
Great advice again thanks Strat.
I do understand that you are not going to divulge all your "method" on this free thread , of course.
My statement about looking at joining is mostly about wanting to first understand if your "method" is a method I can relate too and whether it include things I have in mind as the direction I think I should sooner or later move in - the above, scaling in and out, being a prime example.
Cheers
  • #18,426
  • Aug 13, 2013 2:08am Aug 13, 2013 2:08am
Quoting trogger
{quote} So... Ya'all still watching them lines, huh? {image} What next? [Now, ... where did I put that subscription renewal form from my signal service ? Where indeed.]

So.........., if ya can al' drag yerselfs away from yer signal service....

Attached Image (click to enlarge)
Click to Enlarge Name: xauusdmdaily.png Size: 10 KB


Keep watchin'.....


[Say, ... if I look hard enough at this chart......I think I can see....: "Thomas the Tank Engine!" ]
  • #18,427
  • Aug 13, 2013 2:10am Aug 13, 2013 2:10am
Quoting strat
EURAUD How much confluence do you need? {image}

Strat!

I'm worried 'bout you.

You sick?






[You've been posting an awful lot of good stuff lately!]
  • #18,428
  • Aug 13, 2013 10:14am Aug 13, 2013 10:14am
EURGBP

Extract of post from our 4 STAR trader on www.stratsforextrading.com:



Post subject: Re: EURGBP Posted: Wed Aug 07, 2013 2:40 pm

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp BOSS.png Size: 107 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,429
  • Aug 13, 2013 10:16am Aug 13, 2013 10:16am
Quoting trogger
{quote} Strat! I'm worried 'bout you. You sick? [You've been posting an awful lot of good stuff lately!]
Me too, Wild Thing! I have been posting a lot of signals lately (even more in you know where) - I think I will have to take some pills before I become a signal service!
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,430
  • Aug 13, 2013 2:28pm Aug 13, 2013 2:28pm
Ive been lurking on this thread for a couple of months and thanks to strat and the team my learning curve has increased 10 fold!
Been trading live for only 8 months & thankfully a friend pointed out early to me that indicators cant & wont work.

looking to join the member area when funds are available

keep up the good work
  • #18,431
  • Aug 13, 2013 3:05pm Aug 13, 2013 3:05pm
PASR

Quoting j2by4
Ive been lurking on this thread for a couple of months and thanks to strat and the team my learning curve has increased 10 fold! Been trading live for only 8 months & thankfully a friend pointed out early to me that indicators cant & wont work. looking to join the member area when funds are available keep up the good work
Well done! You should look after your friend very well because he has saved you a lot of money, time, effort, energy and frustrations.

Take your time and just focus on basic PASR - you will be fine.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,432
  • Aug 13, 2013 5:52pm Aug 13, 2013 5:52pm
AUDJPY

Attached Image (click to enlarge)
Click to Enlarge Name: audjpydaily.png Size: 32 KB
​

I still have AJ on my radar.What do you think?
The Monthly and Weekly show a longterm downtrend with a recent counter trend.
The Daily
Longterm downtrend
CT has hit the shadow and the Asian session has started down.
CT has also hit resistance.

There is not, at this stage a reversal candle.
My relative newbie plan would be to wait to see if we get a reversal candle today - BEEC,looks like a possibility at this stage.
Please just tell me if I am out of tune - cheap strings.
  • #18,433
  • Edited 8:38pm Aug 13, 2013 6:26pm | Edited 8:38pm
AUDJPY

Quoting andygrope
AUDJPY {image}​ I still have AJ on my radar.What do you think? The Monthly and Weekly show a longterm downtrend with a recent counter trend. The Daily Longterm downtrend CT has hit the shadow and the Asian session has started down. CT has also hit resistance. There is not, at this stage a reversal candle. My relative newbie plan would be to wait to see if we get a reversal candle today - BEEC,looks like a possibility at this stage. Please just tell me if I am out of tune - cheap strings.
I'm still long in my counter trend trade from the high of the August 08 candle and, like you, wondering what PRICE is going to do where we are at now, resistance.

The Boss had a HAMMER last week and is now in an unconfirmed UP swing at resistance. If there is a CLOSE above this level, PRICE will look to test 92.50 again.

You are in perfect tune so just WAIT for PRICE ACTION at where PRICE is now and we will all be playing off the same song sheet but WAIT for the WORKER candle to CLOSE before making any decisions.

EDIT: 6:40pm PST - I have now closed my counter trend long trades but still waiting for PA before adding on short again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,434
  • Edited 11:05am Aug 14, 2013 10:54am | Edited 11:05am
USDJPY

Quoting strat
USDJPY Counter Trend trade - Another 150 pips or so UP to the Strat Shadow {image}
Out with 150 pips at the Strat Shadow EXACTLY as SIGNALLED in my August 12, 2013 post!

So that's 400 pips IN THE BANK profit signalled on here in the last few days all done with PASR with NOT a squiggly line, flashing lights, bells and whistles or eye candy in sight!

Wild Thing, send me a pill, I have to STOP doing this and go back to teaching otherwise the idiots will begin to think I can trade as well as teach!

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 150 pips as SIGNALLED!.png Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,435
  • Aug 14, 2013 5:56pm Aug 14, 2013 5:56pm
EURAUD

Quoting strat
EURAUD {quote} My ADD ON entries are at 1.4559 with a SL below the UNCONFIRMED swing low. How would you manage your exit from the trade assuming it goes as planned. Since 2009, EURAUD has been THE most profitable pair for me and continues to be so. I have been long since early April this year, banking some profits at reverse PASR while keeping "some" long term positions open, as have our senior 3 STAR traders. This is all documented and detailed in our "TREND" and "TREND ADD ON" threads. Since I have been ADDING ON in accordance with my TREND...
And now we are ADDING ON at discounted prices!
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,436
  • Aug 14, 2013 6:05pm Aug 14, 2013 6:05pm
Quoting strat
AUDJPY {quote} I'm still long in my counter trend trade from the high of the August 08 candle and, like you, wondering what PRICE is going to do where we are at now, resistance. The Boss had a HAMMER last week and is now in an unconfirmed UP swing at resistance. If there is a CLOSE above this level, PRICE will look to test 92.50 again. You are in perfect tune so just WAIT for PRICE ACTION at where PRICE is now and we will all be playing off the same song sheet but WAIT for the WORKER candle to CLOSE before making any decisions. EDIT: 6:40pm PST...
Still have the AUDJPY on my rdar.
That candle for Wed 14th ended the day as a doji and the new candle opening with the asian session has started red.
Doji= indecision by buyers and sellers.
Wait for confirmation of reversal down.
If price moves below the doji's low it looks like it will be a good place to sell.
For the moment, I am not considering CT trades.
Have begun work in the members area of your website but with so much important info and training, I have taken the easier path for today and continued on this thread.
  • #18,437
  • Aug 14, 2013 6:29pm Aug 14, 2013 6:29pm
EURAUD
Quoting andygrope
{quote} Still have the AUDJPY on my rdar. That candle for Wed 14th ended the day as a doji and the new candle opening with the asian session has started red. Doji= indecision by buyers and sellers. Wait for confirmation of reversal down. If price moves below the doji's low it looks like it will be a good place to sell. For the moment, I am not considering CT trades. Have begun work in the members area of your website but with so much important info and training, I have taken the easier path for today and continued on this thread.
I saw you had signed up as a member but you didn't introduce yourself to the Membership, which you should do.

Don't worry about openings especially the Asian session which tends to RETRACE NY and LONDON - and don't make any decision UNTIL the candle has CLOSED

Go to the EURAUD thread in "STUDENTS TRADING DISCUSSIONS" and read and UNDERSTAND my latest post.

In particular, look at all that GREEN - do you really want to splash red in there?
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,438
  • Aug 14, 2013 6:40pm Aug 14, 2013 6:40pm
Quoting strat
EURAUD {quote} And now we are ADDING ON at discounted prices!
EURAUD
Thanks for the addon analysis.
I have this on my radar too but i figure I should wait until the return to the dominant uptrend has been confirmed by a move above the top of yesterday's bar.
Is there some stronger reason for entering before that?
This kind of post is incredibly healpful Strat.
Cheers
  • #18,439
  • Aug 14, 2013 7:01pm Aug 14, 2013 7:01pm
EURAUD

Quoting andygrope
{quote} Is there some stronger reason for entering before that?
You will find all this out and MORE as you delve into ALL the material especially the TREND and TREND ADD ON threads
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,440
  • Aug 15, 2013 3:36am Aug 15, 2013 3:36am
Quoting strat
PASR {quote} Well done! You should look after your friend very well because he has saved you a lot of money, time, effort, energy and frustrations. Take your time and just focus on basic PASR - you will be fine.
thankyou for the reply, and il take care of my friend.

took me a while to see and understand that you dont spoon feed your students and sometimes post the opposite of what your thinking!! il be honest and say that it cost me a couple of $ ..
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