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Strat's Long Term Stress Free Trading

  • #19,841
  • Oct 16, 2014 10:02am Oct 16, 2014 10:02am
Quoting strat
AUDUSD H4 Example of 78 pips trade on H4 using PASR in the direction of the Primary Trend {image}
Hi Strat, I do understand the entry breaking previous significant low (after an engulfing bearish? Why not that bar's low?) but I can't figure out why you placed the exit there on that candle, could you perhaps explain it?
Thanks
PASMO
  • #19,842
  • Oct 16, 2014 10:14am Oct 16, 2014 10:14am
Quoting strat
"EURUSD Similar to GBPUSD except the STRONG TREND is weakening slightly."" Stop Loss WAS above the top red line at 1.2820 and has been taken out.
Oh la la!...

Every body see... He (strat) confessed "Stop Loss WAS above the top red line at 1.2820 and has been taken out" after I discovered this trade.

This is the 1st trade was hit SL after 992 pages with nearly 2000 images (most of these are chart screen short of PASR system) and 19,838 posts.

Is this Too Good To Be True!?

Ha ha ha.........
  • #19,843
  • Edited 11:05am Oct 16, 2014 10:31am | Edited 11:05am
So, that is your game! I did not realise you were a detractor and NEGATIVE NELLIE so this will be YOUR LAST post on here.

Despite your ludicrous and UNTRUE comment, you have NOT read this thread. Had you done so, you would have seen posts where I posted LIVE trades and where I also posted losing trades.

Are you so BLIND WITH NEGATIVITY that you can't SEE my ACTUAL trades on posts 19825 and 19826???????????????????

You just fell into the TRAP of all those before you who read the last few pages and are too lazy to read ALL of the thread where, had you done so, all your NEGATIVE comments are ANSWERED. Furthermore, I show losing trades on www.stratsforextrading.com.

Losing is just the cost of doing business.

Now go forth and multiply and play on the MOANERS threads where NEGATIVISM and LOSERS hang out
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,844
  • Oct 16, 2014 10:55am Oct 16, 2014 10:55am
AUDUSD posted short trade

Quoting Pasmo
{quote} Hi Strat, I do understand the entry breaking previous significant low (after an engulfing bearish? Why not that bar's low?) but I can't figure out why you placed the exit there on that candle, could you perhaps explain it? Thanks PASMO
Sorry for the confusion. I don't trade the H4 time frame as it is too INCONVENIENT for me and means I have to be at my computer every 4 hours which restricts my lifestyle of FREEDOM, being able to do what I want, where I want, how I want and when I want. I only trade the DAILY and WEEKLY time frames.

So on the DAILY time frame I saw the inverted hammer on September 23 in a STRONG down trend and identified that as PASR for another short entry. I should have put a SELL STOP below the inverted hammer but I forgot to do it. The next day was a pull back followed by TREND CONTINUATION so I just dropped down to H4 to take a CLOSER look at PRICE ACTION and then entered at the market. As it happened, this was just 4 pips below the low of the inverted hammer and had I placed my sell stop on the DAILY, I would have saved myself a lot of time and effort.

Since I don't trade H4, ALL my decisions are made off the WEEKLY and DAILY so when I saw the doji hammer on October 1st testing the current lows I knew it was TIME to exit and TAKE PROFITS.

Is this clearer for you?

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.PNG Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,845
  • Oct 16, 2014 10:59am Oct 16, 2014 10:59am
Thanks, it's clear now.
PASMO
  • #19,846
  • Oct 16, 2014 11:20am Oct 16, 2014 11:20am
GBPAUD

If this is CONFIRMED as a swing low, we will LOOK for PASR at the next FAILED HIGH to enter short.

We can drop down to H4 where we ALREADY had PASR (SHOOTING STAR on October 13) to go SHORT

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.PNG Size: 46 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,847
  • Edited 3:18pm Oct 16, 2014 3:06pm | Edited 3:18pm
EURJPY

Quoting strat
EURJPY {quote} PROFITS taken at 135.60 as indicated on previous post
We have closed our shorts and taken PROFITS as indicated in the previous post.

PRICE has STALLED at CONFLUENCE of SR and BRN 135 without any indication of FUTURE direction. To trade either direction here is a 50/50 probability - a coin toss.

We WAIT for our HIGHER time frame to SHOW US THE WAY (Peter Frampton 1975). The BOSS is currently showing a Hammer BUT we cannot act on that because that candle is NOT CLOSED.

So all we can do NOW is WAIT for the week to CLOSE at 4pm New York time on Friday and then analyse what we SEE.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy WORKER.PNG Size: 47 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy BOSS.PNG Size: 43 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,848
  • Oct 17, 2014 2:57pm Oct 17, 2014 2:57pm
Hmmm maybe it could be time to be careful with my 4HR shorts. Maybe 1 more swing down on 4HR then look for longs off an higher low. Compression of the shadow might also induce abit of upward momentum!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 53 KB
  • #19,849
  • Oct 17, 2014 6:31pm Oct 17, 2014 6:31pm
GBPUSD

Quoting rossobonks
Hmmm maybe it could be time to be careful with my 4HR shorts. Maybe 1 more swing down on 4HR then look for longs off an higher low. Compression of the shadow might also induce abit of upward momentum! {image}
Don't forget that PRICE is trapped inside the WEEKLY CONTROL CANDLE

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,850
  • Oct 18, 2014 11:09am Oct 18, 2014 11:09am
NZDCHF

Weekly Control Candle STILL IN CONTROL and DEFENDING support!

Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf.PNG Size: 57 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,851
  • Oct 18, 2014 11:14am Oct 18, 2014 11:14am
NZDJPY

Same story - WEEKLY CONTROL CANDLE defending support

Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.PNG Size: 53 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,852
  • Oct 18, 2014 11:17am Oct 18, 2014 11:17am
NZDUSD

Weekly Control Candle STILL IN CONTROL

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.PNG Size: 43 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,853
  • Oct 18, 2014 11:25am Oct 18, 2014 11:25am
Np I am a fan of "better more indi than less" in phase of backtesting, brainstorming, and elaborating theories. If you have too many, after this starting phase you can always cut the redundant/useless/not so fundamentals ones (after analisys)... but if you cut too much since the start you risk to miss some important ones that for examples, are good for early entry, or filtering false posivites.
Of course for some un-openmind people that me and you know, ALL indicators (and they also use them in their charts, what a nonsense!) are the evil to whom combat a crusade and insult other INNOCENT and KIND people. Well...

Go to go to work noooowwww Byeeee

I DO like ruffling feathers and getting up peoples' noses! This poor sod is probably having nightmares on trading PRICE ACTION without indicators.
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,854
  • Oct 20, 2014 9:34am Oct 20, 2014 9:34am
if we look at EUR.USD there was a WCC and close of Friday is now above that but still below previous weekly high (which was outside the previous WCC).
What would now the general rule be (what would be more logic)?
a new WCC starts with candle closing on 10th Oct?
we wait this week and if close is back into that old WCC it turns to be "valid " again? (this happens pretty often)?
we consider a 2 bars WCC taking low of 3rd Oct Candle and High of 10th OCt candle (in my opinion this makes more sense)?

Thanks
PASMO
  • #19,855
  • Oct 20, 2014 3:02pm Oct 20, 2014 3:02pm
EURUSD

Quoting Pasmo
if we look at EUR.USD there was a WCC and close of Friday is now above that but still below previous weekly high (which was outside the previous WCC). What would now the general rule be (what would be more logic)? a new WCC starts with candle closing on 10th Oct? we wait this week and if close is back into that old WCC it turns to be "valid " again? (this happens pretty often)? we consider a 2 bars WCC taking low of 3rd Oct Candle and High of 10th OCt candle (in my opinion this makes more sense)? Thanks PASMO
Currently, there is no Weekly Control Candle. The strategy for trading Weekly Control Candles is the subject of a dedicated thread on www.stratsforextrading.com and, in the interests of my subscribers, regret I cannot disclose it on here. Sorry.
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,856
  • Oct 21, 2014 8:45am Oct 21, 2014 8:45am
GBPUSD H4

105 pips trading H4

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd H4.PNG Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,857
  • Oct 21, 2014 8:51am Oct 21, 2014 8:51am
EURUSD

The BOSS rejection of this SR level is what is KEEPING US OUT of any long trades
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.PNG Size: 58 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,858
  • Oct 21, 2014 9:31am Oct 21, 2014 9:31am
Quoting strat
GBPUSD H4 105 pips trading H4 {image}
Hi Strat,
you were below the Strat shadow, why was that a setup for a long trade? just because of the hammer?
Thanks
PASMO
  • #19,859
  • Oct 24, 2014 8:15am Oct 24, 2014 8:15am
GBPUSD

Quoting Pasmo
{quote} Hi Strat, you were below the Strat shadow, why was that a setup for a long trade? just because of the hammer? Thanks PASMO
BUEB closing ABOVE the Strat Shadow
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,860
  • Oct 30, 2014 4:14pm Oct 30, 2014 4:14pm
AUDUSD

PRICE going SIDEWAYS inside our WEEKLY CONTROL CANDLE

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