pending set... lets led it rip..
Close Price VS Median Price (or other price types) 33 replies
House price data price action 1 reply
Why closing price is not the same as opening price? 1 reply
DislikedI couldn't resist to take the short after triple top formation and the price failed to make new highs. I was a bit hasty to enter but seems to be working. I'm up +10 pips at the moment...Ignored
Dislikedglad it's working out for you, though it doesn't follow ANY of the rules for this method
countertrend opportunities should only be taken on mildly striking bands
I admit though I am also somewhat aggressive in some of my entries, though this was extreme even for me!!Ignored
DislikedI couldn't resist to take the short after triple top formation and the price failed to make new highs. I was a bit hasty to enter but seems to be working. I'm up +10 pips at the moment...Ignored
Dislikedpatiently waited for the mid band crises..lol.. bammmmmm +12 in the bag..Ignored
Dislikedcool, I am having a nightmare with my AU trade,
first of all missed the first mid-band stall, then nearly hit my SL, now just missed again the bottom line bounce!!!
my eyes just don't seem to be working correctly todayIgnored
Dislikedthis is just my observation, feel free to ignore
differentiation between striking and mildly striking
if most of the candles that formed the latest run bullish/bearish out OUTSIDE of the TMA bands, there is a good chance that this is striking
if they are brushing the outer band or within it, then this is more likely to indicate mildly striking or neutral
this is in addition of course to what the the TMA trend value is (because in quick sharp moves it may take it while for this to catch up)Ignored
Dislikedtalk about suicidal.. lol.. just kidding.
Ismail you know whats the worst thing that can happen to you?..
when you win this type of trades!!Ignored
Dislikedwell p.dean, I generally try my chance when I see a triple top whichever time frame it is. this trade might be against the rules of this strategy, I agree. but I think, it still worths to take the opportunity and I only risked 12 pips for this. besides, the e/u had gone a long way since the daily open, so I thought there was not so much space above (at least without retracing a bit).
anyway, I got my +20 pips when the price retested the round number.
and john, thanx for the info about recognizing striking and mildly striking moves. you really...Ignored
Dislikedkeep an eye on CAD.. its looking sweet for a MOM trade but wait for the RF close on this NBT play.. a 20 pips wide band for cad is like a 40 pips one on EU.. and 60 pips run with a 30 pips PB is like major volatility for cad.. so take it but carefully if it even signals it
that's just me knowing my stuff.. lolIgnored
Dislikedthe problem with such trades are that your depending on a breakout of the small 123 there.. which could (does most of times) be a bounce off fake out and a shoot up to test the HH and that just will screw you and nothing else bcz its set to play in consolidation..
so why not wait for a visible neutral or mild striking band than take your shot from the top and comfortably make +15 at the lower band and a chance to take good look at the lower band breakout for the mass..
this is more safe and will give the same results out of more of a matured pa...Ignored