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  • #2,161
  • Jul 6, 2011 2:19am Jul 6, 2011 2:19am
good morning everyone,
I don't like to show later live charts.. but i got busy with a few trades..
for learning purposes if it worth's any i decided to post it..

want to show the power of trading the OB/OS style.. bcz if it's in the mood of running than you will have the best entry point in world and the luxury to hold the trade comfortably for mass of profit once it breaks the band strongly and heads further down and as you see it even broke the daily LL range and that's always is a good sign for even more profit or at least alive market at hand to play MOM later..
today could be fun..
i am also live on e/j..

If too much hesitation in the current area i will bank at daily LL..
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  • #2,162
  • Edited 2:39am Jul 6, 2011 2:28am | Edited 2:39am
Quoting vickym
Hi fellow traders,

I have been using this system for some time now and it works pretty well for retracement entries for a continuing trend. However, i am unclear on how to enter or spot trend reversals with this system.

Any thoughts?

Cheers
Vicky
Hi Vicky,
welcome to the thread..
you wait for one of the stoch's to turn in the reversal direction normally the 1hr (30m) first.. and then more importantly you'll wait for the band to lose its form of striking in one direction and turns into a more of a settle or flat or semi flat at least before you take your first shot at it.. this only if you got a trend in your hand meaning 80-100 plus move in one direction..
but also remember when your on a trend your mostly looking firstly for MOM trade.. meaning the first retrace at some point to reach the opposite band.. so this helps you to sit on your hands patiently to not get involve in the middle of the NO MAN's LAND.. you should know what that is: yes you guessed it.. the correction.

I hope it helps.
  • #2,163
  • Jul 6, 2011 2:33am Jul 6, 2011 2:33am
Quoting aida1960
dearest Traders all over.

just sharing. kevinator, P Dean n the active gangs n all. firstly my millions thanks for being so active wt comments n charts. I dont know how to upload charts here n share wt all of us.

my 2 cts believe no matter what, we still hv to be aware of daily PA to basically n mentally to decide our daily game plan.

may all being bless n showered wt profits n brings cheers to all our beloved

Hi Aida,
thanks for the kind words and welcome to the thread.

here is the indi..
Attached File(s)
File Type: ex4 !Kevinator.ex4   13 KB | 510 downloads
  • #2,164
  • Jul 6, 2011 2:42am Jul 6, 2011 2:42am
Been with this system from day 1, and have enjoyed your posts ,
on returning here after being away for last 2 weeks i notice your stoch indicator is set to 30min & 4hr is this your own method and if so is it more successful than the 1hr/4hr

Quoting P.Dean
good morning everyone,
I don't like to show later live charts.. but i got busy with a few trades..
for learning purposes if it worth's any i decided to post it..

want to show the power of trading the OB/OS style.. bcz if it's in the mood of running than you will have the best entry point in world and the luxury to hold the trade comfortably for mass of profit once it breaks the band strongly and heads further down and as you see it even broke the daily LL range and that's always is a good sign for even more profit or at least alive market at hand...
  • #2,165
  • Jul 6, 2011 2:48am Jul 6, 2011 2:48am
Quoting P.Dean
good morning everyone,
I don't like to show later live charts.. but i got busy with a few trades..
for learning purposes if it worth's any i decided to post it..

want to show the power of trading the OB/OS style.. bcz if it's in the mood of running than you will have the best entry point in world and the luxury to hold the trade comfortably for mass of profit once it breaks the band strongly and heads further down and as you see it even broke the daily LL range and that's always is a good sign for even more profit or at least alive market at hand...

update..
chart explains it all why I have hold so far down still..
simply it has been a straight shoot down with clear strong break at each hurdle.. first was the lower band.. than, daily LL and later yesterdays LL..
Attached Image (click to enlarge)
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  • #2,166
  • Jul 6, 2011 2:52am Jul 6, 2011 2:52am
Quoting censura
Been with this system from day 1, and have enjoyed your posts ,
on returning here after being away for last 2 weeks i notice your stoch indicator is set to 30min & 4hr is this your own method and if so is it more successful than the 1hr/4hr
thanks for noticing..

this is something my friend John who does all the tech work for us here tried and tested.. and it just made sense to me more to go with the 30m vs 1hr.. there is not much difference.. my indicators don't tell me what to do really.. i just use them to be alerted a bit early on a possible setup so i can scan faster and not miss opportunities.

not a sexy answer but I put it as honestly as i could.
  • #2,167
  • Jul 6, 2011 3:04am Jul 6, 2011 3:04am
Quoting P.Dean
good morning everyone,
I don't like to show later live charts.. but i got busy with a few trades..
for learning purposes if it worth's any i decided to post it..

want to show the power of trading the OB/OS style.. bcz if it's in the mood of running than you will have the best entry point in world and the luxury to hold the trade comfortably for mass of profit once it breaks the band strongly and heads further down and as you see it even broke the daily LL range and that's always is a good sign for even more profit or at least alive market at hand...
closed right after the snap shot for +79...
it must be due now for a some kind of retrace and its better to not be greedy and bank 6 times more than what we usually bank for..
ej closed for +52 as well..
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  • #2,168
  • Jul 6, 2011 3:16am Jul 6, 2011 3:16am
as you all see market is moving along a cross the board $$ happy.. so we so far we got a daily direction but not a trend yet.. so this is where it can get tricky when we look for MOM trade in two ways..
1) you can sit all day and not get the prefect MOM setup..
2) you can get the MOM setup to only get faked out..
lol..

so what do we do???


folks if you want me to continue you must get engaged.. otherwise there is no point in going further.. bcz i know all this shit, i am just doing this to help you out.. but its safe to say it also helps me to not be bored while i wait for setups and one can learn new thing any day.. who knows.
anyways, the ball is in your court nowww..
  • #2,169
  • Edited 5:50am Jul 6, 2011 5:19am | Edited 5:50am
short on G/U live.. MOM stuff

edit...
out for +10
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  • #2,170
  • Jul 6, 2011 5:27am Jul 6, 2011 5:27am
Quoting P.Dean
short on G/U live.. MOM stuff
I am in this one too..

BTW, how do you decide on SL on these trades?
Fall seven times, stand up Eight! #GGMU
  • #2,171
  • Jul 6, 2011 5:40am Jul 6, 2011 5:40am
Quoting vickym
I am in this one too..

BTW, how do you decide on SL on these trades?
show charts vicky... then i tell you..
  • #2,172
  • Jul 6, 2011 5:57am Jul 6, 2011 5:57am
long on cad live.. sweet MOM setup

looking to exit soon for +10... unless tears the top..


edit..
out for +9.5
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  • #2,173
  • Jul 6, 2011 7:01am Jul 6, 2011 7:01am
Hello, i was wondering if it is wise to take a trade (if all the signs and setup is correct) lets say five minutes before a new market opens, for example 5 minutes before NY opens.

With the news i usually let go the setups that happens just between five and ten minutes before.

What do you think?
  • #2,174
  • Jul 6, 2011 7:06am Jul 6, 2011 7:06am
Quoting Incanus
Hello, i was wondering if it is wise to take a trade (if all the signs and setup is correct) lets say five minutes before a new market opens, for example 5 minutes before NY opens.

With the news i usually let go the setups that happens just between five and ten minutes before.

What do you think?
I think if your going to pay toomuch attention this sort of stuff than you got to filter most of the trading day.. there is always some news or some clown speech or session opening and closing..

so with all that said... I only let go of a setup on major news.. such as NFP.. rate announcements.. and major major speeches (like Bernanke or Trichet).. rest, i ignore..
  • #2,175
  • Jul 6, 2011 7:23am Jul 6, 2011 7:23am
Hello Guys,

I have been following this thread from the beginning. It looks very promising and you did a great job testing and improving it so far. I try to find the best SL and TP levels. I noticed that every time the trade went very well >30 pips, there was never a drawdown bigger than 15 pips. So I have a SL of 15 on every trade. I'm also experimenting with a trailing stop, but I haven't found a good universal trailing stop size.

For TP I exit a trade when either stochastics move and close (the bar closes that made the stoch turn) the other way.

I would love to hear your opinions and SL/TP strategies.
"To whom much is given, much is expected." Donald Trump
  • #2,176
  • Jul 6, 2011 8:14am Jul 6, 2011 8:14am
Quoting Balazs227
Hello Guys,

I have been following this thread from the beginning. It looks very promising and you did a great job testing and improving it so far. I try to find the best SL and TP levels. I noticed that every time the trade went very well >30 pips, there was never a drawdown bigger than 15 pips. So I have a SL of 15 on every trade. I'm also experimenting with a trailing stop, but I haven't found a good universal trailing stop size.

For TP I exit a trade when either stochastics move and close (the bar closes that made the stoch turn) the other...
Hi,
keep it simple..
SL.. above/below last HH/LL.. it could be sometimes at 10pips or 25pips.. PA needs breathing room..
TP.. keep a eye on +10 on every trade.. than the reach of the band.. than the break or stall at the band.. than break of each level such as daily ranges..

I highly recommend to not let yourself in control of any indicator to tell you what to do.. especially on exit.
  • #2,177
  • Jul 6, 2011 8:21am Jul 6, 2011 8:21am
alright folks.. I am done and out for some tennis action today..
I made +180 today which about 100 of it was live played here.
i could have done even better if i had got both signals on a/u and e/j instead of just the first ones.. I also did not give whole a lot of respect or time for the MOM setups of g/u and cad that i took and bailed for +10's.

I hope i was any help to you as well.. that's the only reason i post my charts and live play.

Cheers,

Dean
  • #2,178
  • Jul 6, 2011 8:38am Jul 6, 2011 8:38am
The time you and John give to this thread is greatly appreciated.

Today has been a good game of tennis for you, You came prepared to play, tossed the ball and played for the points. You won some, you lost others, but the end result is you came out ahead of all the others who turned up to play today and didn't toss a ball in the air to serve.

Great piece of psychological study.

Looking forward to the game tomorrow.


Di
  • #2,179
  • Jul 6, 2011 10:25am Jul 6, 2011 10:25am
Quoting P.Dean
alright folks.. I am done and out for some tennis action today..
I made +180 today which about 100 of it was live played here.
i could have done even better if i had got both signals on a/u and e/j instead of just the first ones.. I also did not give whole a lot of respect or time for the MOM setups of g/u and cad that i took and bailed for +10's.

I hope i was any help to you as well.. that's the only reason i post my charts and live play.

Cheers,

Dean
Good for you my man. Wish I had the time to trade today. Market had been cruel to us this few days.
  • #2,180
  • Jul 6, 2011 10:34am Jul 6, 2011 10:34am
Morning all

Mom setting up e/u
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