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  • #2,081
  • Jul 4, 2011 3:18am Jul 4, 2011 3:18am
Quoting P.Dean
Morning everyone..

first trade of the week..
short on a/u live.. let's see what happens
as you all see in the chart things are not going in my favor at the moment..
but i will keep the trade for two reason..
1) the small trend is with me (blue line).. so I risk the sl to be hit..
2) the total risk is within my comfort zone for a loss..

but as for every trader which has some sort of a expectations out of his trade.. I for now expect this to show a bounce off on the upper bracket and resume for possible test of lower bracket..
its necessary to let the price to show his true intentions.. this will avoid too many quick ins and outs.. but you will have your hard sl to be hit here and there..
let's see what happens..
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  • #2,082
  • Jul 4, 2011 3:32am Jul 4, 2011 3:32am
perfect G/U trade was missed..

this is a perfect setup unless you got lost in your indies too much..
nice swing.. good enough PB.. both stoch inline.. more than enough distance between entry and HH.. RF gave signal with perfect timing... all you got to do is to ignore the band when all other criteria is meet..
trade was good for easy +20..

I missed it bcz i don not have the alert on such setup and lost track of the manual scanning on my own..


John.. plz help... lol.. can we add this?
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  • #2,083
  • Edited 4:06am Jul 4, 2011 3:35am | Edited 4:06am
Quoting P.Dean
as you all see in the chart things are not going in my favor at the moment..
but i will keep the trade for two reason..
1) the small trend is with me (blue line).. so I risk the sl to be hit..
2) the total risk is within my comfort zone for a loss..

but as for every trader which has some sort of a expectations out of his trade.. I for now expect this to show a bounce off on the upper bracket and resume for possible test of lower bracket..
its necessary to let the price to show his true intentions.. this will avoid too many quick ins and outs.....
back to a/u live play..
as you see I got the bounce... now I look for it to see if it holds it, and resume strong for the possible lower band push....


edit.. sl hit..
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  • #2,084
  • Jul 4, 2011 4:03am Jul 4, 2011 4:03am
Hi All

for me today I am avoiding currency pairs that don't have at least a european currency in it

this is due to the fact that today is a big american holiday

so at the moment I am concentrating on EU, EJ

just my 2c

Regards, John
  • #2,085
  • Jul 4, 2011 4:10am Jul 4, 2011 4:10am
My EU sell is struggling but still in profit (though i was a bit late entering)
My EJ sell got me a nice easy 24 pips
Attached Image(s) (click to enlarge)
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  • #2,086
  • Jul 4, 2011 4:19am Jul 4, 2011 4:19am
Quoting jmw1970
My EU sell is struggling but still in profit (though i was a bit late entering)
My EJ sell got me a nice easy 24 pips
nice trades john..
i missed both of these bcz of late start.
  • #2,087
  • Jul 4, 2011 5:02am Jul 4, 2011 5:02am
ok, so i lied

as I was looking at AU to further study P.Dean's trade a sell signal came up

as it was offering a risk reward of 1:2.7 I thought what the hell, and took it - nothing ventured, nothing gained
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  • #2,088
  • Jul 4, 2011 6:47am Jul 4, 2011 6:47am
EU - 32.6 pips - it took a while but my eu trade finally hit tp
Attached Image (click to enlarge)
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  • #2,089
  • Jul 4, 2011 7:00am Jul 4, 2011 7:00am
Quoting jmw1970
EU - 32.6 pips - it took a while but my eu trade finally hit tp
Hi mate

what is that indicator with blue and red dots called, do u mind sharing it?
Thanks in advance
  • #2,090
  • Jul 4, 2011 7:12am Jul 4, 2011 7:12am
Hi,

Hope got the right entry this time, please comment.
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  • #2,091
  • Jul 4, 2011 7:14am Jul 4, 2011 7:14am
Hi,

Out at -7, both stoch showed "up" after I enter short on RFI
  • #2,092
  • Jul 4, 2011 7:27am Jul 4, 2011 7:27am
Hi,

Is this call MOM trade?
Attached Image (click to enlarge)
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  • #2,093
  • Jul 4, 2011 7:35am Jul 4, 2011 7:35am
Quoting boy2boy
Hi,

Is this call MOM trade?
NO
  • #2,094
  • Jul 4, 2011 7:36am Jul 4, 2011 7:36am
no,

you have entered a buy when the 4hr stoch is clearly down

a mom trade is inline with the 4hr stoch from the opposite band

ie. 4hr stoch down, sell trade from upper band
4hr stoch up, buy trade from lower band

I would suggest you read the rules again.

regards, John

Quoting boy2boy
Hi,

Is this call MOM trade?
  • #2,095
  • Jul 4, 2011 7:36am Jul 4, 2011 7:36am
Quoting P.Dean
NO
Can you explain what is MOM trade? BTW, is my entry correct this time?
  • #2,096
  • Jul 4, 2011 7:42am Jul 4, 2011 7:42am
hi

have been working on an improved entry system, which is based on a number of systems available taking appropriate bits from each

so from this thread, I took the TMA True and parts of the MOM trade concept, other threads i have taken other things from directly or the concepts behind them

when all is done this will be packaged into one indicator

although as this final system will look very different to this one it will probably go into it's own thread.

that said, almost all systems that are based on retracements will give similar signals

regards, john

Quoting magicpips
Hi mate

what is that indicator with blue and red dots called, do u mind sharing it?
Thanks in advance
  • #2,097
  • Jul 4, 2011 7:48am Jul 4, 2011 7:48am
Quoting boy2boy
Can you explain what is MOM trade? BTW, is my entry correct this time?
read Johns post...
get the basics down and then it be easier to help you out..
  • #2,098
  • Jul 4, 2011 8:07am Jul 4, 2011 8:07am
AU - +13.8 pips - got within 5 pips of it's original tp, but just couldn't make it over the line, the pullback was then strong and took me out

but for a supposedly quiet day not bad

3 trades, 3 wins (see earlier posts)

24 + 32.6 + 13.8 = 70.4 Pips

will now carry on to see if I can iron out the bugs in my new indicator
Attached Image (click to enlarge)
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  • #2,099
  • Jul 4, 2011 8:36am Jul 4, 2011 8:36am
Quoting jmw1970
AU - +13.8 pips - got within 5 pips of it's original tp, but just couldn't make it over the line, the pullback was then strong and took me out

but for a supposedly quiet day not bad

3 trades, 3 wins (see earlier posts)

24 + 32.6 + 13.8 = 70.4 Pips

will now carry on to see if I can iron out the bugs in my new indicator
John,
any reason for the later exit... the second push of the lower band was good for +30 bank... why did you passed? are you testing that new indie?
  • #2,100
  • Jul 4, 2011 8:39am Jul 4, 2011 8:39am
EU Sell Trade

couldn't resist, as there was 1:4 risk reward ratio
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