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PRICE Accordingly

  • #241
  • Aug 3, 2011 1:33am Aug 3, 2011 1:33am
Hi, so you don't always wait for RF to close?
  • #242
  • Aug 3, 2011 1:40am Aug 3, 2011 1:40am
Quoting Arnold49
Hi, so you don't always wait for RF to close?
on NT setups as i have mentiond already several times its the only time we can sub the RF close for the first candle close back inside the line with a decent body..
  • #243
  • Aug 3, 2011 1:59am Aug 3, 2011 1:59am
still in this.. every time the damn thing touched the lower band it bounced so quick.. but at best i have not seen a more than a +8 profit yet.. so i let it be on the edge of London open but i drop the risk to half about 7 pips.. so its not so bad.


edit...
well its safe to say this is nuts... london open reaction to the moon.. oh well only a 7pips loss..
sitting on the hands till dust settles..
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  • #244
  • Aug 3, 2011 2:18am Aug 3, 2011 2:18am
Swiss bank intervention caused a massive spike in all pairs.
  • #245
  • Edited 2:38am Aug 3, 2011 2:23am | Edited 2:38am
Quoting ozpips
Hi all. Well I highlighted this one and then had to pop out so missed it. Opinion request, Dean would you have exited at the mid band or held to the lower band?.
Identified as NT. RF not required as 1st candle after band break broke back in and closed inside bands. Time was 30 min after jap open.
The Asian chop chop session has taken on a whole new meaning now .
for exit I always look at the other side of the band pa reaction for two reason
1) to see if it breaks through the band so i can catch a big run or bigger profit..
2) to bank a satisfying amount (+10/+15) at least when it bounces or stalls at the band..
... now if the bands it too wide like yours (about 36) than you still wanna look at the other side of the band but also looking to not lose out on you minimum +10.. i think the mid band would not have given you enough of a profit, so for me i would stay with it till lower band. but its easy to say this in hindsight..lol
  • #246
  • Aug 3, 2011 2:32am Aug 3, 2011 2:32am
Quoting vijidas
Swiss bank intervention caused a massive spike in all pairs.

ok thanks vijidas..

I saw the quick jittery moves for 10 minutes prior to the move and that's normally sign of a burst in one or other side.. and since it was at the edge of London i decided to lower the risk and let it be in a hope to get lucky and catch a move in my direction.. well that was shattered like pumpkin.. lol

but if it had worked out the RR would have been ridiculous.. +60 bank was in the bag.
  • #247
  • Aug 3, 2011 2:37am Aug 3, 2011 2:37am
Quoting ozpips
Live trade. Setup looks good NT setup. Lets see.

edit: 2 candles in and mid band broken...good sign

3rd candle closed back above mid band not so good

4th candle back under mid band and a new low but tail close...mixed sign

5th candle bullish and giving a strong RF buy signal maybe time to bail?

6th candle small wick price above being rejected

7th candle retesting the mid band

8th candle bounce of mid line, a wick close...have stuff to do now have Sl at 77.41 and TP at the bottom band of 77.16. Let's see what happens...
Dean comments please...
oz,
i don't see the second chart where you have explain things.. but it sounds good.
  • #248
  • Aug 3, 2011 2:51am Aug 3, 2011 2:51am
Ok quick talk about the TOOLs and PA..
we use both.. but there are times one or other and mostly the tools are irrelevant and PRICE is key..
for example at the moment..
look at all pairs.. the PA and the band are not correlated.. the bands are irrelevant to the PA crazy move.. and this normally happens in a CHOP MONSTER imbalance market..
so a good experience trader must notice the correlation between his tools and the pure PA on a spot... this will avoid you to fall into traps.

remember the... ability to ACCEPT and REJECT..
in order to do this correctly for most times you will have to first reco the true face of the PA and see if correlates to the tools of your choice.

I hope it makes sense.

ps) by the way.. any time that any of you think and feel i am not making any sense, voice it out i do not mind.. we talk about it and for sure something good will come out of and flourishing sets sail.
  • #249
  • Aug 3, 2011 3:10am Aug 3, 2011 3:10am
quick question..

between all 5 pairs... which one looks to have a striking band the best?
  • #250
  • Aug 3, 2011 3:30am Aug 3, 2011 3:30am
Hi p,dean,
thanks for all your tips and advice. I'm not trading this session but just having a look and I don't see any pair striking only mild strike. Maybe EU is showing highest TMA trend score and I don't watch UC so not sure how that is going. Goodluck for todays session, I'll be back for Asia.
  • #251
  • Aug 3, 2011 3:40am Aug 3, 2011 3:40am
Quoting ozpips
Hi p,dean,
thanks for all your tips and advice. I'm not trading this session but just having a look and I don't see any pair striking only mild strike. Maybe EU is showing highest TMA trend score and I don't watch UC so not sure how that is going. Goodluck for todays session, I'll be back for Asia.

spot on brother.. well done.
looking forward to ur Asian session live trades.
  • #252
  • Edited 4:09am Aug 3, 2011 3:47am | Edited 4:09am
Quoting P.Dean
quick question..

between all 5 pairs... which one looks to have a striking band the best?
when its slow and i have time i pose this questions for a purpose..

there was a guy (sorry can't remember the name) here yesterday asked several question about not being able to reco the bands situation before hand or on the spot in order to get the correct reco and make the right play..
so at least those who ask questions get involve so you can learn if your interested enough to pose questions.. my talent in teaching is when i see it live then it comes in mind and I to give the clear explanations and you'll get a live visual so it sticks once for all for you.
  • #253
  • Aug 3, 2011 3:49am Aug 3, 2011 3:49am
AUDUSD - Short MSCT (TT)
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  • #254
  • Aug 3, 2011 3:56am Aug 3, 2011 3:56am
Ambushing...

ok.. as you see in the chart i have pointed out the bands position... simply reco'd by seeing it as is presented with sharp angle upwards (bullish)..
so now the appropriate play choices as we are ambushing.. what are they.. tell me??
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  • #255
  • Aug 3, 2011 4:01am Aug 3, 2011 4:01am
Quoting jmw1970
AUDUSD - Short MSCT (TT)
john... MSCT... what was "C" stand for... Counter?... sorry i have forgotten and to lazy to roll back.


and nice job with taking the chance at this setup.. a bit aggressive as i look for a bit more of a settle band.. but with high skill ability as you do.. one can take such shots and getaway with it if it don't run.
  • #256
  • Aug 3, 2011 4:21am Aug 3, 2011 4:21am
yes, in my terminology the C was for counter

am aware this is a aggressive setup, but with a triple top it just screamed at me to take it

Quoting P.Dean
john... MSCT... what was "C" stand for... Counter?... sorry i have forgotten and to lazy to roll back.


and nice job with taking the chance at this setup.. a bit aggressive as i look for a bit more of a settle band.. but with high skill ability as you do.. one can take such shots and getaway with it if it don't run.
  • #257
  • Aug 3, 2011 4:23am Aug 3, 2011 4:23am
Quoting jmw1970
yes, in my terminology the C was for counter

am aware this is a aggressive setup, but with a triple top it just screamed at me to take it

thanks.. Counter is the best fit.

and yes.. a valid trade.
  • #258
  • Aug 3, 2011 4:52am Aug 3, 2011 4:52am
Dean,

We really appreciate you spending time and teaching us live. I thank you for that.

I'm at work so I'm not actively participating but I'm following all your posts and charts. Keep them coming.

thanks
  • #259
  • Aug 3, 2011 5:02am Aug 3, 2011 5:02am
.................
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  • #260
  • Aug 3, 2011 5:15am Aug 3, 2011 5:15am
Ambushing...

patiently waiting for developments... AU is the only pair at moment closer to a possible signal and in AU's case is a NTB signal...
in the chart I tried to give you a early visual as you should be always looking with your eyes wide open ambushing opportunities... develop the jet-eye.. remember our first tool is: your two sets of eyes.. lol
you gotta monitor, anticipate, see it coming and be prepared to jumping at the right time.

John saw the MSCT and took it and won most likely..
now its time for the NBT..
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