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  • #18,721
  • Dec 5, 2013 12:14pm Dec 5, 2013 12:14pm
Excuse me
I want to know if I understood well or no
And have several questions
In the beginning
I think your method is easy (At least the basics)
In the beginning we draw SR levels
in determine trend on the boss and big boss time frames
and waiting price action on SR levels
1-In Lesson 12 you drew the levels of support and resistance on big boss and the boss
My question is: Do we define those levels also on worker?
2-In Lesson 13
Do you consider those numbers such as levels of support or resistance
Or
It only increases the strength of support or resistance if we find support or resistance at those numbers
3-In Lesson 15
I understand that:
1 - if the price trapped between 20 and 50 EMA's, it means that that there is wiggle
And wait until we know the next direction of the price
2-We can also consider EMA's as support or resistance and we can trade on them if we find price action on them (yes or no)?


4-In Lesson 16
strat shadow mean area between EMA20 and EMA 50?
5-In Lesson 17
I think the summary of the lesson is that we take the opportunities in the direction of the trend only
and we don't trade against trend
6-We trade on the daily
Using the immediate boss trend
But I have questions:
1-what about immediate trend on big boss?
2-What if the dominant trend on the daily is downtrend but the immediate boss trend is up?
3-what if the immediate boss trend is up and immediate trend on big boss is down?

here on eur/nzd daily frame i find resistant+61 fibo+reversal candlestick
Attached Image (click to enlarge)
Click to Enlarge Name: 055-056.jpeg Size: 59 KB

but the immediate boss trend is up
Attached Image

immediate trend on big boss is down
Attached Image

what i should to do in that case? wait untill big boss and the boss be in the same direction or what?

7-In Lesson 21
I understand that
reversal Candlestick is not enough alone for take trade
We should wait until the price break high or low to this candlesticks
For example In the case of the appearance of shooting star on resistant level
we put pending order below the low of this shooting star


Still have some questions (especially about MA)
but i wait your answers about this questions first
  • #18,722
  • Dec 5, 2013 3:24pm Dec 5, 2013 3:24pm
USDJPY

We have PASR - Price Action at Resistance on the Worker CONFIRMED by the BOSS

Full discussion with targets posted in the USDJPY Students Trading Discussions thread.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy BOSS.png Size: 47 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy WORKER.png Size: 57 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,723
  • Dec 5, 2013 3:50pm Dec 5, 2013 3:50pm
Quoting rtkwar
1-In Lesson 12 you drew the levels of support and resistance on big boss and the boss My question is: Do we define those levels also on worker?

Yes, we identify SR on the BIG BOSS then toggle down (change time frame) to the BOSS and fine tune the same levels and then finally, toggle down to the Worker and fine tune the same levels again

Quoting rtkwar
2-In Lesson 13 Do you consider those numbers such as levels of support or resistance Or It only increases the strength of support or resistance if we find support or resistance at those numbers

We look for CONFLUENCE of support and resistance for added confidence in our trading. If a ROUND NUMBER coincides with SR, Strat Shadow and Fibonacci retrace then we have VERY STRONG SR which enables us to trade with added confidence

Quoting rtkwar
3-In Lesson 15 I understand that: 1 - if the price trapped between 20 and 50 EMA's, it means that that there is wiggle And wait until we know the next direction of the price

It means that as long as PRICE is trapped inside the Strat Shadow, it is directionless and not a good place to initiate a trade.

Quoting rtkwar
2-We can also consider EMA's as support or resistance and we can trade on them if we find price action on them (yes or no)?
Yes, among its many uses, the Strat Shadow acts as DYNAMIC SR


Quoting rtkwar
4-In Lesson 16 strat shadow mean area between EMA20 and EMA 50?

Yes

Quoting rtkwar
5-In Lesson 17 I think the summary of the lesson is that we take the opportunities in the direction of the trend only and we don't trade against trend

YES! Students are taught to ONLY take trades in the DIRECTION of the PRIMARY TREND

Quoting rtkwar
6-We trade on the daily Using the immediate boss trend But I have questions: 1-what about immediate trend on big boss?

We don't trade the BIG BOSS - we use it for the overall BIG PICTURE

Quoting rtkwar
2-What if the dominant trend on the daily is downtrend but the immediate boss trend is up?

This is EXACTLY how we trade PASR! In this case, we only trade the Daily when it has turned UP into the direction of the BOSS trend


Quoting rtkwar
3-what if the immediate boss trend is up and immediate trend on big boss is down? here on eur/nzd daily frame i find resistant+61 fibo+reversal candlestick {image} but the immediate boss trend is up {image} immediate trend on big boss is down {image} what i should to do in that case? wait untill big boss and the boss be in the same direction or what?

For placing our trades, we ONLY use the Daily and the BOSS time frames - the Weekly is the BOSS of the Daily


Quoting rtkwar
7-In Lesson 21 I understand that reversal Candlestick is not enough alone for take trade We should wait until the price break high or low to this candlesticks For example In the case of the appearance of shooting star on resistant level we put pending order below the low of this shooting star
NO! We do not trade "breaks" of SR. In PASR trading we ONLY trade when PRICE has CLOSED beyond an SR level. PRICE reversal candles at SR are ONLY part of the picture - we have to know and UNDERSTAND where this takes place before making a trading decision.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,724
  • Dec 5, 2013 5:44pm Dec 5, 2013 5:44pm
thank you for your reply
but i can't understand last point good:
Quoting strat
NO! We do not trade "breaks" of SR. In PASR trading we ONLY trade when PRICE has CLOSED beyond an SR level. PRICE reversal candles at SR are ONLY part of the picture - we have to know and UNDERSTAND where this takes place before making a trading decision.
  • #18,725
  • Dec 5, 2013 6:08pm Dec 5, 2013 6:08pm
PASR Trading

Quoting rtkwar
thank you for your reply but i can't understand last point good:
PRICE has to CLOSE beyond SR before we act on it. Anything else is just false - see chart

Attached Image (click to enlarge)
Click to Enlarge Name: False breaks.png Size: 53 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,726
  • Dec 6, 2013 4:48pm Dec 6, 2013 4:48pm
EURJPY

An example of how we use the BOSS to trade the WORKER.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy BOSS CHRISTMAS GIFT.png Size: 62 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,727
  • Dec 8, 2013 6:16pm Dec 8, 2013 6:16pm
Quoting strat
PASR Trading {quote} PRICE has to CLOSE beyond SR before we act on it. Anything else is just false - see chart {image}

you mean reversal candlestick tail must touch sr levels but important thing don't close above resistant or below support ?
  • #18,728
  • Dec 8, 2013 6:44pm Dec 8, 2013 6:44pm
PASR

Quoting rtkwar
{quote} you mean reversal candlestick tail must touch sr levels but important thing don't close above resistant or below support ?
Yes. See the attached chart.

Attached Image (click to enlarge)
Click to Enlarge Name: PRICE REVERSAL CANDLES.png Size: 46 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,729
  • Dec 9, 2013 9:51am Dec 9, 2013 9:51am
Quoting strat
PASR {quote} Yes. See the attached chart. {image}
Ah , i understand this point
but i have other question
we trade from 1 resistant to 1 support and from 1 support to 1 resistant
in case i found reversal candlestcik in strat shadow thats mean i will not take this trade, right?
in case i found reversal candlestcik touch 20 ema or 50 ema i can take trade , right? and if this right my target will be in 1support or 1resistant, right?
Quote
We don't trade the BIG BOSS - we use it for the overall BIG PICTURE
you mean i just keep my eyes on the big boss for get idea about big picture only?

Quote
EURJPY
An example of how we use the BOSS to trade the WORKER.
you take this trade on the Boss chart?
  • #18,730
  • Dec 9, 2013 10:57am Dec 9, 2013 10:57am
PASR

in case i found reversal candlestcik in strat shadow thats mean i will not take this trade, right?


Correct

in case i found reversal candlestcik touch 20 ema or 50 ema i can take trade , right? and if this right my target will be in 1support or 1resistant, right?


Correct

you mean i just keep my eyes on the big boss for get idea about big picture only?

Correct

you take this trade on the Boss chart?

No, we used the information provided by the BOSS to trade the WORKER
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,731
  • Dec 9, 2013 11:09am Dec 9, 2013 11:09am
Quote
No, we used the information provided by the BOSS to trade the WORKER
can you give me more details with worker chart?
  • #18,732
  • Dec 9, 2013 12:52pm Dec 9, 2013 12:52pm
eurjpy pasr christmas gift


Quoting rtkwar
{quote} can you give me more details with worker chart?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY PASR CHRISTMAS GIFT.png Size: 52 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,733
  • Dec 9, 2013 7:13pm Dec 9, 2013 7:13pm
AUDCAD

Still correcting

Attached Image (click to enlarge)
Click to Enlarge Name: audcad WORKER.png Size: 42 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,734
  • Dec 9, 2013 8:01pm Dec 9, 2013 8:01pm
Quoting strat
eurjpy pasr christmas gift {quote} {image}
you mean after you see hammer on the boss you changed time frame to worker and wait price to give you signal
and in that case you was waiting price to break 20ema to up ?
  • #18,735
  • Dec 9, 2013 9:39pm Dec 9, 2013 9:39pm
EURJPY


Quoting rtkwar
{quote} you mean after you see hammer on the boss you changed time frame to worker and wait price to give you signal and in that case you was waiting price to break 20ema to up ?
In this case, yes, but this was easy. Most times there is much more to it than that. We ALWAYS consult the BOSS for our trades on the WORKER. We do not trade the WORKER in isolation.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,736
  • Dec 10, 2013 5:02am Dec 10, 2013 5:02am
Quote
In this case, yes, but this was easy. Most times there is much more to it than that. We ALWAYS consult the BOSS for our trades on the WORKER. We do not trade the WORKER in isolation.
thats not mean i must search for reversal candlestick on the boss first - in some times we use the boss just to know the immediate boss trend , right?

other question:

Quote
Yes, we identify SR on the BIG BOSS then toggle down (change time frame) to the BOSS and fine tune the same levels and then finally, toggle down to the Worker and fine tune the same levels again
thats mean i just draw sr levels on the big boss only and i don't draw any other levels on the boss or worker
Like that:
eur/jpy
big boss
Attached Image (click to enlarge)
Click to Enlarge Name: 065-988.jpeg Size: 68 KB

the boss
Attached Image (click to enlarge)
Click to Enlarge Name: 067-723.jpeg Size: 74 KB

worker
Attached Image (click to enlarge)
Click to Enlarge Name: 068-894.jpeg Size: 74 KB
  • #18,737
  • Dec 10, 2013 9:54am Dec 10, 2013 9:54am
PASR

thats not mean i must search for reversal candlestick on the boss first - in some times we use the boss just to know the immediate boss trend , right?

NO, not sometimes, ALL the times.

other question: thats mean i just draw sr levels on the big boss only and i don't draw any other levels on the boss or worker Like that:


For the MAJOR turning points, yes, but we add in other levels from the Boss and Worker to identify minor SR levels.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,738
  • Dec 10, 2013 5:18pm Dec 10, 2013 5:18pm
thank you for your reply And your efforts to teach your students
I will Read guide again for revision

Quote
eurjpy pasr christmas gift
idon't get this gift may be next year after learn this method i will get my own gift
  • #18,739
  • Dec 10, 2013 9:56pm Dec 10, 2013 9:56pm
EURJPY

Quoting rtkwar
thank you for your reply And your efforts to teach your students I will Read guide again for revision idon't get this gift may be next year after learn this method i will get my own gift
EURJPY wasn't the ONLY gift, there were lots of PASR gifts in November.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,740
  • Dec 11, 2013 12:56pm Dec 11, 2013 12:56pm
EURAUD PASR TREND TRADING

This is an extract from a post I did for the membership on www.stratsforextrading.com

While the indicator crowd are screaming "OVERBOUGHT" and looking for places to sell, PASR trend traders are looking for places to BUY.

I have posted this numerous times on here and on the private website that PASR TREND TRADING has NO SR and there is NO PRICE TOO HIGH that we won't BUY and NO PRICE TOO LOW that we won't SELL.

From December 05, 2013, we were looking for a pull back to ADD ON LONG. None came, only dojis telling us the buyers have PAUSED and the sellers are busy with AUD pairs.

We dropped down to H4, and ADDED ON LONG on 4 candles using PASR

Myself, my 4 STAR trader and other members have been TREND TRADING this LIVE, fully documented, since November 21, 2013 and monitoring it since November 07, 2013.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud BOSS.png Size: 56 KB

Attached Image (click to enlarge)
Click to Enlarge Name: euraud WORKER.png Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: euraud H4.png Size: 50 KB
15 YEARS OF PASR ON FOREX FACTORY!
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