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  • #18,761
  • Jan 2, 2014 3:04pm Jan 2, 2014 3:04pm
AUDJPY

The BOSS Control Candle is keeping us out of whipsaws

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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,762
  • Jan 3, 2014 12:16pm Jan 3, 2014 12:16pm
Quoting trexy123
{quote} How will you trade this?

That's a fair question and deserves a response.


like This!! ****

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**** Actually, my initial response to your post was going to be: "in accordance with the teachings on this thread!!"... or.... "Whad'ya mean? I've already traded it - UP!!!" (and I have traded up. But I'm out of longs now).

The next response I thought of to post was "wait for PA"... and a few other comments sprang to mind. In the end I decided not to reply to your post immediately, but wait and post what I actually did.

Now, first analyse the Monthly:

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See what I'm looking for? (Highlighted, just in case you can't)

Now, move to Boss:

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Well now? Ain't that Pruuurrty!! Not often you see a SS (or grravestone doji to the purists) that looks like that baby!!

Now, take a peak at the worker - notice that failure on the 18th? (sure, I took some scalps down on the 18th, but they were scalps - in and out like flynn)

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Now wait for the retest - 27th and what happens?


I'm in short! Already cashed up 50% position for 200plus pips and will play wait and see with the rest.

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Cheers.

Compliments of the season to all

Trogger.
  • #18,763
  • Jan 4, 2014 10:11pm Jan 4, 2014 10:11pm
Having been somewhat successful for my first six months of forex trading on a live account, I can say I've been searching for a strategy to allow for long term trades that don't keep me glued to a computer. I have found this thread to be very interesting and can't wait to read more.
  • #18,764
  • Jan 5, 2014 12:23pm Jan 5, 2014 12:23pm
Hi traders,

I would like to share Strat's message for 2014 with non-members interested in his teachings to show them the professionalism and support that forum members receive from Strat.

Happy New Year and I wish you all trading success for 2014!


"2013 was a disappointment for me in terms of not only dull markets but my personal performance and more important, the performance of my students.

My goal for 2014 is to have each and every student who participates on the Forum and submits their trades and performance in their Trading Journal be % ROI POSITIVE on their account by the end of the year.

For 2014, I will pay particular attention to current students who are running NEGATIVE % ROI and new students who join us. The statistics show that 3 years is about how long it takes for a dedicated student to become consistently profitable but I believe with more and better mentoring, AND, participation from the student, we can shorten that.

With this as a goal, I am asking our 3 and 4 STAR traders to help as much as they can with this. However, the student MUST ACCEPT that he/she is the one who decides whether they will be successful or not.

What this means is that we will do our very best to identify and correct mistakes in analysis BUT if the student does not LEARN and APPLY what we have identified then no-one can help them.

As those students who have done a review of their 2013 trading performance have found out, RECORD KEEPING in their TRADING JOURNAL is of paramount importance. When this is done diligently and with detail, it helps identify our mistakes and areas where we need to and must improve. You can never keep too many records. The more records and the more detail you keep, the better will be your future performance. I encourage everyone to keep and do more record keeping.

Along with RECORD KEEPING is the PLAN. A PLAN of each trade is the best way I know to fight off the Little People. However, the PLAN must be IRREVOCABLE and MUST include every possible scenario with its outcome. If you have a PLAN and something to do with your trade surprises you or is unexpected then your PLAN is not worth the paper it is written on. When you have a PLAN and you are faced with your Little People questioning you, all you have to do is go to your PLAN and let them know that if “a” happens then “b” follows and so on. If you can’t do that, then your Little People will have a party at your expense.

PLAN THE TRADE and TRADE THE PLAN – no exceptions.

From the review by students of their 2013 performance, it is of no surprise that a common element is doing things students have been told not to do – counter trend trading, not trading with the trend, not giving the trade sufficient room to “breathe” – too tight a stop loss, interfering with the trade during the day, not waiting for candles to close, not trading what they SEE on their charts, being influenced by others etc.

This is our human trait. We all do this for one reason or another. What we MUST do is, having done this once, recognize it and NOT DO IT AGAIN. This all comes down to DISCIPLINE and WILL POWER.

Finally, if YOU don’t treat YOUR trading as a BUSINESS, then you only have a hobby. A hobby is for pleasure and entertainment whereas a BUSINESS is there to make PROFIT.

YOU have the opportunity staring YOU in your face to make a PROFITABLE BUSINESS which will give you financial independence and freedom from being told what to do, when to do it and how to do it etc.

Grasp the opportunity and MAKE IT HAPPEN.

YOU are the one who decides whether YOU will be successful and profitable – not me or anyone else. YOU have to MAKE IT HAPPEN. YOU have to APPLY what we teach YOU to YOUR trading – we can’t do it for you.

Remember, trading is 95% emotional (trading psychology) and 5% technical. Leave the technical to us but YOU have to make YOUR 95% work for YOU.

While I was disappointed that we couldn’t get everyone into POSITIVE % ROI this year, I was pleased with the commitment and involvement to help their fellow trader by those who are active on the Forum.

To those students who don’t participate on the Forum, “WHY DON”T YOU?” – YOU are missing the most important part of the trading puzzle.

So, for 2014, we ALL start with a blank sheet of paper and 0% ROI and no bad habits – do your utmost to IMPROVE on what you did in 2013.

DON’T PROCRASTINATE – JUST DO IT!"
  • #18,765
  • Jan 6, 2014 5:25am Jan 6, 2014 5:25am
Quoting trogger
Actually, be watching all JPY pairs now.... {image}

And still I be watching..

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  • #18,766
  • Jan 7, 2014 2:01pm Jan 7, 2014 2:01pm
EURJPY

We "may" get another dip down to support before the next power surge (Impulse Wave) up.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,767
  • Jan 9, 2014 11:58am Jan 9, 2014 11:58am
PASR TRADING with the STRAT SHADOW


An extract from a post I did for members on trading the "meat" of the trend using PASR trading with the Strat Shadow

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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,768
  • Jan 9, 2014 2:55pm Jan 9, 2014 2:55pm
EURUSD

PASR Support and targets for PRICE on EURUSD

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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,769
  • Edited 4:59am Jan 10, 2014 4:22am | Edited 4:59am
Quoting trogger
{quote} And still I be watching.. {image}

It's a long way to Tipperary...

or, from my "set n forget" account, a position that's been open just on 2 years now:

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Entry in green highlight, Jan 2012
Notice the 550 pip tail on that march 2011 bar? That's what I was trying to get in against.
Patience... patience....
Now notice the retest of lows in August 2011 - a new low (but no close below that March tail).
Next we see Oct '11 - looking good!
Nov, Dec = retrace.
Enter, Stage Right! (blue arrow, chart below)

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and, until today, I haven't even bothered to open the account in over a year to look.


Say, isn't trading boring?
( Of course, you can always stick with those 5 min charts - and your indicators - if you prefer!)

Night all.
  • #18,770
  • Jan 10, 2014 2:32pm Jan 10, 2014 2:32pm
Quoting trogger
{quote} It's a long way to Tipperary... or, from my "set n forget" account, a position that's been open just on 2 years now: {image} Entry in green highlight, Jan 2012 Notice the 550 pip tail on that march 2011 bar? That's what I was trying to get in against. Patience... patience.... Now notice the retest of lows in August 2011 - a new low (but no close below that March tail). Next we see Oct '11 - looking good! Nov, Dec = retrace. Enter, Stage Right! (blue arrow, chart below) {image} and, until today, I haven't even bothered to open the account...
Like
  • #18,771
  • Jan 10, 2014 6:06pm Jan 10, 2014 6:06pm
Daily PA + 4hr PA + 61.8%, entered on 4hr.
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  • #18,772
  • Jan 10, 2014 6:13pm Jan 10, 2014 6:13pm
Usdcad

I have Strat shadow on my side
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  • #18,773
  • Jan 10, 2014 6:59pm Jan 10, 2014 6:59pm
Quoting trogger
{quote} It's a long way to Tipperary... or, from my "set n forget" account, a position that's been open just on 2 years now: Entry in green highlight, Jan 2012 Notice the 550 pip tail on that march 2011 bar? That's what I was trying to get in against. Patience... patience.... Now notice the retest of lows in August 2011 - a new low (but no close below that March tail). Next we see Oct '11 - looking good! Nov, Dec = retrace. Enter, Stage Right! (blue arrow, chart below) {image} and, until today, I haven't even bothered to open the account in over...
Well done, Wild Thing!

Our PASR Strat Shadow trade was a little after yours

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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,774
  • Jan 10, 2014 7:00pm Jan 10, 2014 7:00pm
Quoting patrick25
Daily PA + 4hr PA + 61.8%, entered on 4hr.
Happy New Year, Patrick!
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,775
  • Jan 10, 2014 7:08pm Jan 10, 2014 7:08pm
USDCAD

Quoting patrick25
Usdcad I have Strat shadow on my side
Yes, Patrick. The Strat Shadow has been on ""our side"" since October 08, 2013!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,776
  • Jan 10, 2014 7:11pm Jan 10, 2014 7:11pm
USDJPY

Quoting trogger
{quote}Notice the 550 pip tail on that march 2011 bar? That's what I was trying to get in against. Patience... patience....
That's what we call our "DEPTH GAUGE" in PASR trading, Wild Thing - well spotted.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,777
  • Jan 10, 2014 8:43pm Jan 10, 2014 8:43pm
Quoting strat
{quote} Happy New Year, Patrick!
Happy New Year, Strat. May 2014 bring more Strat Shadow trades.
  • #18,778
  • Jan 12, 2014 2:49pm Jan 12, 2014 2:49pm
Happy New Year to the Master and all the people in this thread...i wish you all the best in the upcoming year (may a lil late, who cares)!!!!

Our country is slowly awakening to life, like i do. The last year was an incredible journey for me in trading forex, i am still about to discover new things and making the same mistakes but looking forward to the end goal. PASR is the ultimate way to trading , and i hope more people will realize that.

Thank you to all who participate in this thread and cheers (missing a beer drinking smiley )
  • #18,779
  • Jan 12, 2014 4:24pm Jan 12, 2014 4:24pm
NZD/chf
thats right Pasr or No?
weekly chart
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daily chart
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  • #18,780
  • Jan 13, 2014 7:16am Jan 13, 2014 7:16am
PASR

Quoting rtkwar
NZD/chf thats right Pasr or No? weekly chart {image} daily chart {image}
Yes, the BOSS has more power than the Worker
15 YEARS OF PASR ON FOREX FACTORY!
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