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Close Price VS Median Price (or other price types) 33 replies

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  • #181
  • Aug 1, 2011 7:37am Aug 1, 2011 7:37am
EU buy trade I just took that quickly hit sl

The trade was correct based on what the EU chart was showing me

however it was always going to be riskier, as EU & GU are 90% of the time correlated, GU was making making significant moves down, stands to reason that most of the time EU will do the same

however to re-iterate, the trade was correct based on the EU chart - correlations like anything else are ALWAYS open to interpretation
  • #182
  • Aug 1, 2011 7:39am Aug 1, 2011 7:39am
I saw the GU and EJ trending bearish and could have let go of this one... but i have tried to stay away from correlations and i don't want to bring it to this thread.. the reason i am pointing it out is for you all to know that correlation will burn you more than it will benefit you unless one builds whole complete trading plan of its own around it.

this was just a loss inside 20% loss column of 80-20% win ratio..
so far between all the days valid signals which i think is around 8-10, this was the 1st or maybe 2nd loss..

lick the wounds and move on..
  • #183
  • Aug 1, 2011 7:41am Aug 1, 2011 7:41am
Here is my shot for anyone wanting to see. I mean it was a great setup. Really was. We got basically a double bottom. Price bounced off the bottom line. And we enter at +2 to 3 pips. To be honest I would take this trade everytime. I see this with no indie and still take this trade. Just one of those where you lose. Shit happens.
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  • #184
  • Aug 1, 2011 7:46am Aug 1, 2011 7:46am
Double bottom again. Might get another shot.
  • #185
  • Aug 1, 2011 7:47am Aug 1, 2011 7:47am
This time we have some Divergence too + a bounce of a Trendline.
- Look to the left, Trade to the right - I am the system
  • #186
  • Aug 1, 2011 7:48am Aug 1, 2011 7:48am
first trade was nice shorted .4450 down to .4400 now going back up to .4450
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  • #187
  • Aug 1, 2011 7:49am Aug 1, 2011 7:49am
LOL...
this might be considered as may best post so far...
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  • #188
  • Aug 1, 2011 7:50am Aug 1, 2011 7:50am
Alot of times this thing will range for the day once in the range and you can trade it back and forth between supply and demand zones.
  • #189
  • Aug 1, 2011 8:02am Aug 1, 2011 8:02am
out for another -10. ouch!
- Look to the left, Trade to the right - I am the system
  • #190
  • Aug 1, 2011 8:05am Aug 1, 2011 8:05am
Quoting imnotapro
first trade was nice shorted .4450 down to .4400 now going back up to .4450

Plz post whats relevant to this thread and the laid out plan...
I will not ask you again.

with respect.
  • #191
  • Aug 1, 2011 8:07am Aug 1, 2011 8:07am
Quoting Sebastiaan76
out for another -10. ouch!
why would you go long again when band is starting to strike down and now show of a DB yet to even consider a smt trade..

TL and divergence is your reasoning?? ok... thats on you and another system i think.
  • #192
  • Aug 1, 2011 8:10am Aug 1, 2011 8:10am
I like to use other S/R as a guide (as i've used these before ).

But you are right.........back to post one to review N, MS and S of the channel.
- Look to the left, Trade to the right - I am the system
  • #193
  • Aug 1, 2011 8:10am Aug 1, 2011 8:10am
Quoting Sebastiaan76
out for another -10. ouch!
Bro you should of been 2 to 3 pips above the wick of the signal candle. It should of not triggered.
  • #194
  • Aug 1, 2011 8:10am Aug 1, 2011 8:10am
Quoting Sebastiaan76
out for another -10. ouch!
trade with trend
BJ
  • #195
  • Aug 1, 2011 8:59am Aug 1, 2011 8:59am
well this became trendy one way street market.. i put it to rest for now and be around off and on for next couple of hours otherwise see you all tomorrow.

best of luck to all.
  • #196
  • Aug 1, 2011 2:40pm Aug 1, 2011 2:40pm
hi everyone,
I was just informed I got to go in for a possible check up surgery on my injured hand or get lucky and be solved with just cortin shot.. anyhow i will not be here probably till NYS session.. i am informing you so you wont think i disappeared or anything.. hopefully our dear friend John will be here to guide you all..
The plan and the concept is simple, its a matter of savvyness and hard work in regard to being present when you see it and validate it and finally fearlessly pulling the trigger.

I wish you all success.. stay active tomorrow, practice makes perfect.. when I come back i will attend to all your questions and concern, don't worry i am a multi task kind of a guy.. see you at NYS
  • #197
  • Aug 1, 2011 2:44pm Aug 1, 2011 2:44pm
Hopefully it would be just a cortin shot, wouldn't want you to be away for more than a day, that's just me being selfish but honestly speaking take your time...hope you feel better soon...thanks for the gr8 thread

Quoting P.Dean
hi everyone,
I was just informed I got to go in for a possible check up surgery on my injured hand or get lucky and be solved with just cortin shot.. anyhow i will not be here probably till NYS session.. i am informing you so you wont think i disappeared or anything.. hope fully our dear friend John will be here to guide you all..
The plan and the concept is simple, its a matter of savvyness and hard work in regard to being present when you see it and validate it and finally fearlessly pulling the trigger.

I wish you all success.. stay active tomorrow,...
Raza
  • #198
  • Edited 3:17pm Aug 1, 2011 3:07pm | Edited 3:17pm
Quoting shr5
Hopefully it would be just a cortin shot, wouldn't want you to be away for more than a day, that's just me being selfish but honestly speaking take your time...hope you feel better soon...thanks for the gr8 thread
thanks bud and your most welcome...
no worries I will trade no matter what, its in my blood.. at worst i got to do it left handed.. lol

I am taking care of this mostly so i can continue playing Tennis (my second passion).. or i should say 3rd.. bcz 6foot calif blonds also got their special place in the three option passions.. lol
  • #199
  • Aug 2, 2011 1:25am Aug 2, 2011 1:25am
Hi Guys,

I spotted this trade today at frankfurt open. I took it on a micro but bailed early for 8 pips before candle closed. Reason unknown.maybe got excited.

To me it is a neutral, NT trade. Price closed inside the bands and trade was taken at 1.6315. I used the no RF needed rule if candle closes back inside band and range is small which it is in this instance. Valid trade P. Dean/john please advise.
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  • #200
  • Aug 2, 2011 4:13am Aug 2, 2011 4:13am
EURJPY - SMBT

Took this striking mid-band trade, a secondary reason I took it (although not strictly part of the method) is because it formed a 123 at the mid-band, although if I had been at my computer I would have taken the first move back down

EDIT: My apologies, just noticed it wasn't by the rules as the SL requirement was too big, probably getting too anxious after my missing everything yesterday.
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