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  • #301
  • Edited 11:36pm Aug 3, 2011 11:18pm | Edited 11:36pm
This bar on AU is giving RF signal for a mid mom, only problem is lower band only 10 pips away. Pending order anyone ??

WTH I'm in Pending order 1.0695


We are in:

1st bar bounce off bottom band

2nd bar a lower low approaching DB(look left)

I'm out at + 4 pips must get school kids . Also DB dangerous place to play.LOL
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  • #302
  • Aug 3, 2011 11:29pm Aug 3, 2011 11:29pm
Your comment about your wife yelling made me reach for my Joe DiNapoli "Trading with DiNapoli Levels" book to quote this ,,,,,,,,,,,(maybe you need to give the wife a copy)

"During the trading decision-making time, you can afford no interruptions. None! Zero! If your office is is your home and you trade intraday, get a lock to separate yourself from anyone sharing the premises and use it. If this presents a problem with your wife or family, don't trade or get a different wife and family.

One of my clients, a chiropractor, who traded out of his home in northern California, was warned about this repeatedly. This individual suffered a $40,000 loss when his wife casually walked over and dropped their infant in his arms just before a crop report. Experience can be a tough teacher but to many it's the only teacher."

The Eur/USD trade went some distance lower after you reacted to a yelling wife..............................it cost you both.


(Don't think I'm being unfair to the females of this world as I am a member of that group.)


Regards

Di
  • #303
  • Aug 4, 2011 1:08am Aug 4, 2011 1:08am
Quote
Your comment about your wife yelling made me reach for my Joe DiNapoli "Trading with DiNapoli Levels" book to quote this ,,,,,,,,,,,(maybe you need to give the wife a copy)

"During the trading decision-making time, you can afford no interruptions. None! Zero! If your office is is your home and you trade intraday, get a lock to separate yourself from anyone sharing the premises and use it.

Hi and thanks for your concern. You are right, it's happened before and I made a new law today at home. "Innatrade". When this word is shouted that means walk away. No more talking,requests,or anything. The school run cost me a few pips on the AU too...

P.Dean Luv your system...Inside every heart there beats a scalper
  • #304
  • Edited 1:53am Aug 4, 2011 1:42am | Edited 1:53am
hello everyone,

short on GU live MSBT..


edti... sl hit -20.. i jumped gun on this did not wait for the RF.. yep, beautiful start
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  • #305
  • Aug 4, 2011 2:09am Aug 4, 2011 2:09am
.....................
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  • #306
  • Aug 4, 2011 2:13am Aug 4, 2011 2:13am
AUDUSD - Short SBT
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  • #307
  • Aug 4, 2011 2:21am Aug 4, 2011 2:21am
out for +10..

mf ing GU is just sick... still holding.. dropped the damn risk to -10
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  • #308
  • Aug 4, 2011 2:27am Aug 4, 2011 2:27am
out for +8... I had to get something out of this or i would respect myself for rest of the day as to how this pair always fucks with you... lets called the mental exit.
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  • #309
  • Aug 4, 2011 2:29am Aug 4, 2011 2:29am
COME ON GUYS.. PUT UP SOME DAMN TRADES, GET ACTIVE..


I am into this bitch now.... I'll show this beast a war today that he has never seen before.. I mean it.. getting in the grove to tear its you know what..

get excited and BE PRESENT..
  • #310
  • Aug 4, 2011 2:29am Aug 4, 2011 2:29am
That's a crazy looking spike JMW on your chart:
Can you explain please my chart of AU is clean.

Nice play P.Dean
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  • #311
  • Aug 4, 2011 2:30am Aug 4, 2011 2:30am
looks like this week, I should have been getting up earlier, especially for AU (although all currencies have been good) as this has been moving heavily all week during the Asian session

you can guarantee though, if I decide to try and trade the Asian session it will go back to being normal slow paint drying time.

Guess trading EJ is out of the question for the moment - what's going on - first the swiss step in to control there currency, then the japanese

it's not as if we don't have enough battles with the brokers and big players without trying to take on whole countries as well!!!
  • #312
  • Aug 4, 2011 2:34am Aug 4, 2011 2:34am
be back in two hours.. emergency.. just as i was getting excited shit comes up..
  • #313
  • Aug 4, 2011 2:37am Aug 4, 2011 2:37am
do you mean the big red candle on the right???

that is the daily candle, I normally trade from my desktop which has multiple monitors, therefore for each currency I trade I can have multiple tf's open - just so I can get a better feel for the currency.

as my desktop is currently broken I am trading from my laptop, so I have had to come up with other ways to show all the information I like to see, without excessive charts.



Quoting ozpips
That's a crazy looking spike JMW on your chart:
Can you explain please my chart of AU is clean.

Nice play P.Dean
  • #314
  • Aug 4, 2011 3:22am Aug 4, 2011 3:22am
AUDUSD - Closed +46.6 pips

decided not to be greedy as a good start to the day can do wonders for one's mental state
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  • #315
  • Aug 4, 2011 4:23am Aug 4, 2011 4:23am
gbpusd short striking +19.5 pips

did somebody else get this beauty ?
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Respect and Honor !
  • #316
  • Aug 4, 2011 4:27am Aug 4, 2011 4:27am
unfortunately I missed it - congratulations to you though, sometimes this can be really easy

Quoting Klaxon
gbpusd short striking +19.5 pips

did somebody else get this beauty ?
  • #317
  • Aug 4, 2011 4:37am Aug 4, 2011 4:37am
Quoting jmw1970
unfortunately I missed it - congratulations to you though, sometimes this can be really easy
Yeah your right, congratulation too for the aussie trade, need experience to deal with trade like this after lower band was reached
Respect and Honor !
  • #318
  • Aug 4, 2011 5:01am Aug 4, 2011 5:01am
yeah, I also have problems with the lower band, when the price stalls slightly at the band you always have to wonder, when it just drops through then no problem, but in the end positive pips is positive pips

we are not aiming to get every pip on the table from every move, and it's a lot better to be safe and bank 20 than hope for the run, especially on indecision at the bands



Quoting Klaxon
Yeah your right, congratulation too for the aussie trade, need experience to deal with trade like this after lower band was reached
  • #319
  • Aug 4, 2011 5:38am Aug 4, 2011 5:38am
Hi Daytrade5

nice visual chart of the trading plan

there is just one small correction to make on the MS bands

you have highlighted the countertrend trades (ie. double top/bottom)

however there is also the normal bounce trades

ie. mildly striking bullish bands, with such bands you can enter both long & short, the short you have ie. double top, but you can also enter long on a normal bounce off the bottom band

of course reversed for mildly striking bearish bands

regards, John

Quoting daytrade5
P.Dean,,,,,,,,,,I just wanted to let you know that I appreciate your efforts on trying to teach us a solid way to analyze the markets. This is my first week following the thread so I've been doing more watching than taking live trades in order to gain confidence. Below is a chart for the AU where I saw 2 setups and took one of them. I noticed that when there is a strong directional move, the bands tend to constrict. I passed on the 1st signal because it was less than 10pips to the lower band. (noticed the same thing in the Cad seeing no signal to...
  • #320
  • Aug 4, 2011 5:44am Aug 4, 2011 5:44am
general point on EU at the moment

bands are striking and price is heading back to the mid-line, be careful if you are looking for a mid-line bounce trade, it may work but the price has already made a double bottom

less risk would be to wait in this case for either plenty of distance between the entry and bottom or wait for it to bounce off the upper line

NOTE: this is just my observation, you are free to do with it as you like
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