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  • #41
  • Jul 29, 2011 1:37am Jul 29, 2011 1:37am
Quoting rohule
hi dean!

do you also take notice on how much room you have to the next pivot level or not?

thank you
Hi rohule,
No my friend i do not pay attention to pivot or round numbers or etc in that nature..
I just go with levels that i see in 5M tf and the band..
I keep it simple and have made the 5M tf my playground.
  • #42
  • Jul 29, 2011 1:41am Jul 29, 2011 1:41am
Quoting craptrader
Looks like this one didn't work out. Would have given you +8 (minus spread) before being stopped on a spike , but i still want to know more.

Any post match analysis?

Hi c.trader,

I went for 8-2 yesterday for over 100pips.. and the end results is all it matters at end of the days battle.. and yes lost -6 pips on that particular trade.
  • #43
  • Jul 29, 2011 1:42am Jul 29, 2011 1:42am
Quoting nawlins51
Got a question. When you are entering off the signal indie is it 2 to 3 pips above or below the signal candle, are you going off the body of the candle plus or minus 3 or the wick plus or minus 3 pips.Thanks
Hi nawlins,
I go off the High/low of the candle.. however if I see a big wick i intend to wait to see if the next candle closes with a solid body and take my shot from that.
  • #44
  • Jul 29, 2011 1:47am Jul 29, 2011 1:47am
Live cad play..

on this one we got a slightly a mild striking PA band but pa is ranging inside 40 pips so i waited for the DT (double top) to show up plus the bounce of the recent HH before taking my shot for the short..
lets see if it works out for profit or not..
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  • #45
  • Edited 6:35am Jul 29, 2011 1:49am | Edited 6:35am
Quoting mikelee
Hi Dean,

Would appreciate the background of your chart be of lighter colour to better see the bands

Thanks

BWT thanks for sharing... will follow your thread
Hi mikelee,
I can't do that brothers.. bcz i want to see the PA more than anything else so every other tool in my chart is on dark color for slight visibility.

sorry.
  • #46
  • Jul 29, 2011 1:52am Jul 29, 2011 1:52am
Quoting handy148
This sounds quite interesting - I normally ignore anything less than M15 charts cos too much noise but you seem to have it cracked. Watching with interest.
Thanks for sharing.
thanks brother.. and welcome to the thread..

about you other questions.. wait for john to show up and he is a much better help in regards to indis and tech stuff.

thanks.
  • #47
  • Jul 29, 2011 1:58am Jul 29, 2011 1:58am
Quoting P.Dean
Hi nawlins,
I go off the High/low of the candle.. however if I see a big wick i intend to wait to see if the next candle closes with a solid body and take my shot from that.

Thanks buddy.
  • #48
  • Jul 29, 2011 2:03am Jul 29, 2011 2:03am
if you all recall i mentioned that CAD is my least favorite out of the pairs under my watch... now i am in a live trade on cad and tell exactly why.. the problem with this pair is that normally is superbly ranging and therefor the band is width is nomally around 10 to 15 pips and its not the normal 20-25 pips like other pairs..
so on this one.. i normally either i avoid the signal if the bands width is under 10 or 12 and when is higher i take it and rely mostly on it to break through the band in order to get a good enough profit.. so this pair is a bit different and i am mentioning it to so you are awar and play accordingly with it..
but if it runs and breaks the band it could give you nice long profit.
at moment its testing the lower band and at best gave me a 4pips profit so far.. so now if it stalls too much and wont look like breaking the lower band i will bail out of this for a small loss..

overall we look for bands that are at least 20 pips wide..


edit.. out for -8..
as i mentioned above, this is the problem with getting involve with narrow band.. it touched the damn thing but profit was pitiful so i had to rely on strong break of the band in order to get +10..
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  • #49
  • Jul 29, 2011 2:12am Jul 29, 2011 2:12am
OK quiz time.. are you up to it.. lol

can anyone give me a reco on the EU band status at the moment?..

a) Neutral
b) striking
c) mild striking
  • #50
  • Jul 29, 2011 2:24am Jul 29, 2011 2:24am
b
  • #51
  • Jul 29, 2011 2:29am Jul 29, 2011 2:29am
So Dean, for you to consider a long signal on EU at the moment, you would want to see a clear double bottom? and if so, would your target be the middle band, or the upper band?

Or, would you wait for PA to cross the middle band, and then give a signal for short given the trend is clearly down?
- Look to the left, Trade to the right - I am the system
  • #52
  • Jul 29, 2011 2:31am Jul 29, 2011 2:31am
bravo handy... well done



now to everyone..

I know that this may look elementary and some if not all of you think you are above it and all.. but believe me when I tell you.. its important to stay on top of it all from A-Z in trading.. repetition keeps you sharp even exercising the smallest and the simplest matters.. creates habit.. mad habit to tear this thing a part when you follow your plan and treat each step like your life is dependent on it..

its all mental brothers.. all mental..
  • #53
  • Jul 29, 2011 2:38am Jul 29, 2011 2:38am
Quoting Sebastiaan76
So Dean, for you to consider a long signal on EU at the moment, you would want to see a clear double bottom? and if so, would your target be the middle band, or the upper band?

Or, would you wait for PA to cross the middle band, and then give a signal for short given the trend is clearly down?

this is a good question sebastiaan,

ok.. at moment its striking sharply... i need to see this become less sharp.. for in order for this to happen PA must slow down with a solid retrace..
now if this retrace fits to MID band setup rules.. i take a shot short..
if it retraces big allthoughway to the opposite band than we got a MOM setup and I go short again..
but if retraces small and goes side way a bit and gives me a milder band with a DB on top of it than i wait for the RF to fully signal a nice body bar and than I take my shot...
now listen carefully all... this kind of trade is risky.. it could pay off great or in could turn on you fast and hits you hard sl.. so therefore when i take such trades I am mostly looking for a slingshot up and if i see anything less than that or wish wash pa.. i bail and accept the small lost... stone cold no feeling attached and keep my ego in check.

I hope I answered you well enough.
  • #54
  • Jul 29, 2011 2:51am Jul 29, 2011 2:51am
at moment EJ and EU could be setup for a Mid Band play... retrace is good now we are waiting for the trigger point...
discipline requires here to patiently wait for the RF bar to fully close.. then quick check with our two rules... distance to LL and risk check... then set the pending order.

now if that does not happen we always got the MOM setup to fall back on.. keeping a eye on touch bounce of the opposite band as well..

the point is to have it trapped at all times with a plan in mind to react timely when it arrives..
That why a solid sound Trading Plan concept is so important.. it keeps you alert at all times and before you know it.. you see all this in your sleep and will drop the bum on the market each and every damn day.

quick note..
make sure you all got your RF xi-period on 4 and not the default 8.. otherwise you be late for your own party... lol
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  • #55
  • Jul 29, 2011 2:58am Jul 29, 2011 2:58am
guys..
during days session and some of my live plays is where you will learn and experience more of what i do and how operate.. i drop a lot of in moment notes that are the game breaker...
i assure you that you ask any good solid trader will tell you that his skill, feel, intuition and experience is what has made the difference for him and not his system... its you that make the system and the other way around.. sounds a like a cliche but its true in this case.
  • #56
  • Jul 29, 2011 3:04am Jul 29, 2011 3:04am
here we go...Mid band play on EJ for short..

mid band bounce off..
rf bar/candle closed..
+10 room to LL..
SL above the recent High..
pending order was set..

got triggered.. lets see if it runs and test the LL at least

this is a superbly high probability trade..


ps) we got pretty much the same situation setup on EU.. but i liked the EJ a bit better bcz the entry point was a bit above the lower band so some more room to play if it bounce sharply of the band touch.. but both setup is valid and good for a mid mom play..
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  • #57
  • Jul 29, 2011 3:07am Jul 29, 2011 3:07am
Quoting P.Dean
cHi mikelee,
an't do that brothers.. bcz i want to see the PA more than anything else so every other tool in my chart is on dark color for slight visibility.

sorry.
Thank you for responding... I know what you mean I too have my chart's background in black for better monitoring ... unfortunately a lot of us will have problem seeing the bands... when it is down loaded into this forum... alternatively you could bold the bands for better vision. Not insisting just being mindful of members here who are like me.

Thanks
  • #58
  • Jul 29, 2011 3:09am Jul 29, 2011 3:09am
Dean,
Am I right that with your EJ trade your SL is ~20 pips and TP is only 10?

R:R an issue?
- Look to the left, Trade to the right - I am the system
  • #59
  • Jul 29, 2011 3:19am Jul 29, 2011 3:19am
Quoting Sebastiaan76
Dean,
Am I right that with your EJ trade your SL is ~20 pips and TP is only 10?

R:R an issue?
another good question..

to me RR is important..

but.. RR gets vanished to me when I deal with the higher probability setup such as MOM and Mid MOM setups... overall in this style of trading the hit ratio is superbly in our favor.. so to risk 20 to get 10 or 15 80% of times its ok by me...
plus, as we go along.. i will show you all how to avoid hardly getting your hard sl hit... so avg loss for me is around 10-15.. and in overall pic the RR falls to 1:1..
we will see more...
for example in this EJ trade... at moment is struggling to pass the lower band and eventually touching the LL or break it.. so when i see its stuck in the first step.. i wont get panicked.. but at the same time i watch it like a hawk patiently to see if its really just taking its time to make its move or it will not and looking to reverse on me...
so as a trader there will be some discretion in this type of step will go a long way and with some experience under ones belt this will become walk in the park.
  • #60
  • Jul 29, 2011 3:30am Jul 29, 2011 3:30am
now some trade managment talk in the heat of the day..

trading is all about choices..

in this trade as you see i got in and it has not paned out to be what i want.. its stuck.. it bounced off the lower band.. and then as i i have marked it made a small resume back to entry point...
at this point as a trader you got a choice to let go of this setup and get out for minimum loss or breakeven..
you saw the setup.. you took your shot.. you gave it decent time to make its move.. it did not.. and now you can get out and no harm no foul..
or you can keep it and risk losing more or reaching your target level.

ask for me I would like to see a bit more for it to show its true hand... and yes i could get my hard sl either hit on a sudden move up or lose around -15 or so..
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