PRICE Accordingly | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

House price data price action 1 reply

Why closing price is not the same as opening price? 1 reply

Price on charts vs. Bid and Ask price 1 reply

differences between chart price and trading price 2 replies

Attachments: PRICE Accordingly
Exit Attachments

PRICE Accordingly

  • #341
  • Aug 4, 2011 8:43am Aug 4, 2011 8:43am
Sorry, still not quite right, but it's getting closer

still problems on the mildly striking bands

you have two green boxes, one for MSCT and one for MSBT, but you have mixed and matched the criteria for uptrend / downtrend

should be

MSBT - Uptrend - bounces of lower TMA, Downtrend - bounces of Upper TMA

MSCT - Uptrend - bounces of upper TMA with a double top (SL less than 15), Downtrend - bounces of lower TMA with a double bottom (SL less than 15)

In addition, on the part where you put how to recognize the bands (with the alternating red/blue/yellow etc.) you might want to add the bit I recently mentioned that if most of the candles in the recent run were OUTSIDE of the bands, this indicates more likely than not striking

Regards, John

Quoting daytrade5
OK.......as promised here is the updated flow chart that I use as a reference for trade identification. Hopefully some will find it useful.
  • #342
  • Aug 4, 2011 9:03am Aug 4, 2011 9:03am
Quoting P.Dean
John.. u said it.. .. lol
crazy market..

now you all know what could have been funnier... if it was a bullish move we could have actually seen a 500pips one day range in EJ.. lol

I have been making some good hits on EJ alone.......about 68pips this morning alone. That thing went up like a rocket and it is falling now like a shooting star........mmmm mmmm mmmmm!
  • #343
  • Aug 4, 2011 9:34am Aug 4, 2011 9:34am
Quoting daytrade5
OK.......as promised here is the updated flow chart that I use as a reference for trade identification. Hopefully some will find it useful.
Nice one daytrader.
  • #344
  • Aug 4, 2011 9:37am Aug 4, 2011 9:37am
Quoting maxwell-eqtn
I have been making some good hits on EJ alone.......about 68pips this morning alone. That thing went up like a rocket and it is falling now like a shooting star........mmmm mmmm mmmmm!
You have been making some good hits!! good for you.. of course its all in the dark which don't mean dick in here in my thread.

with utmost respect.
  • #345
  • Aug 4, 2011 2:13pm Aug 4, 2011 2:13pm
This is Daytrade5's overview of the Price Accordingly methodology.

I am posting this on his behalf

Dean - perhaps you could update to the first post along with the indicators so everything is in one place

from my side thanks Daytrade5 for the effort you took to complete this guide
Attached File(s)
File Type: pdf Price_Accordingly.pdf   86 KB | 752 downloads
  • #346
  • Aug 4, 2011 2:29pm Aug 4, 2011 2:29pm
Quoting jmw1970
This is Daytrade5's overview of the Price Accordingly methodology.

I am posting this on his behalf

Dean - perhaps you could update to the first post along with the indicators so everything is in one place

from my side thanks Daytrade5 for the effort you took to complete this guide
Hi John,
Can you plz send this in a different format, like word or just simple place it here like daytrader did earlier today.. for some reason my acrobat is not working.

thanks..
  • #347
  • Aug 4, 2011 2:49pm Aug 4, 2011 2:49pm
sorry, i only have the pdf format, and i can't seem to post the picture like daytrade5 was able to
  • #348
  • Aug 4, 2011 4:01pm Aug 4, 2011 4:01pm
Quoting jmw1970
sorry, i only have the pdf format, and i can't seem to post the picture like daytrade5 was able to
No problem, thanks anyways..
people should just follow as we go along through out the thread to look for stuff anyways.
  • #349
  • Aug 5, 2011 1:56am Aug 5, 2011 1:56am
Hi P.Dean. John and all. Not trading today as very busy with chores. However I have comprised a word doc with most of the basic rules on it. I have added to it since but have not updated it. You may take a look and advise all if they should use it. I'll fix up a update version sometime next week or when time permits.
Attached File(s)
File Type: doc Price Accordingly Trade system1.doc   32 KB | 964 downloads
  • #350
  • Aug 5, 2011 3:16am Aug 5, 2011 3:16am
Hi! Dean. I`m seeing your PA strategy, and I wonder how many pips you make in a week and how much capital you trade with.
It`s very interesting combining with other indicators too...
I will post too my perfekt entries so we can all coment on it and make better.
  • #351
  • Aug 5, 2011 4:45am Aug 5, 2011 4:45am
Hi LuisPrinc

very interesting, your first post and you ALREADY want to add more indicators.

WHY? the system works perfectly as is, adding indicators would only add lag to trade entries.

The system currently contains everything needed to trade profitably

We have the TMA True, which acts as a fluid support & resistance, and the RF Finder, which helps people with a lesser understanding of pure price action to know when the direction has turned again.

I would suggest you trade the system as is for a while, other people on the forum have and are posting profitable trades LIVE.

Best regards, John

Quoting LuisPrinc
Hi! Dean. I`m seeing your PA strategy, and I wonder how many pips you make in a week and how much capital you trade with.
It`s very interesting combining with other indicators too...
I will post too my perfekt entries so we can all coment on it and make better.
  • #352
  • Aug 5, 2011 4:58am Aug 5, 2011 4:58am
Quoting ozpips
Hi P.Dean. John and all. Not trading today as very busy with chores. However I have comprised a word doc with most of the basic rules on it. I have added to it since but have not updated it. You may take a look and advise all if they should use it. I'll fix up a update version sometime next week or when time permits.
Could you please attach.indicator-

Iretrace finder CCI & IMA True V2.
Thx
BJ
  • #353
  • Aug 5, 2011 5:24am Aug 5, 2011 5:24am
wow, everyone is writing overviews

small point (maybe you have already fixed this in your version), on mid-band striking plays, the minimum distance should be 10 pips to the LL or HH not the upper/lower band

regards, John

Quoting ozpips
Hi P.Dean. John and all. Not trading today as very busy with chores. However I have comprised a word doc with most of the basic rules on it. I have added to it since but have not updated it. You may take a look and advise all if they should use it. I'll fix up a update version sometime next week or when time permits.
  • #354
  • Aug 5, 2011 5:58am Aug 5, 2011 5:58am
Thank you. As Indicators I thought pivot points, primary trend...
Right now I see on eur/usd big tma range 52.8 pips, so it is too big for looking for entry? ...and what about tma trend, which numbers tell me is it neutral, mild striking or striking...? what is the max stop loss and what is the profit target ?
  • #355
  • Aug 5, 2011 6:56am Aug 5, 2011 6:56am
the answers to your questions are in the thread, and both Ozpips and Daytrade5 have produced nice summary documents

if you are not willing to investigate some time unfortunately you won't get much out

in addition today is NFP, if you must trade today wait until after the announcement and after any spikes that may occur have settled down

Quoting LuisPrinc
Thank you. As Indicators I thought pivot points, primary trend...
Right now I see on eur/usd big tma range 52.8 pips, so it is too big for looking for entry? ...and what about tma trend, which numbers tell me is it neutral, mild striking or striking...? what is the max stop loss and what is the profit target ?
  • #356
  • Aug 5, 2011 7:56am Aug 5, 2011 7:56am
I've been reading your thread with great interest from the start - excellent work PD.

Your comments are insightful and quite helpful. I also like the quizes - usually asleep to answer some of these but anyway...........

Thought I'd have a crack at my first trade just to make sure I have this understood correctly - well let's say it looks like I took profits a bit early. http://www.forexfactory.com/images/icons/icon7.gif

Nevermind - was it technically the correct place to enter?
Attached Image
  • #357
  • Edited 10:15am Aug 5, 2011 9:42am | Edited 10:15am
P.Dean first of all I want to thank you for your precious time and thoughts for generating a strategy and sharing with us on this site...Posting live charts demonstrates your absolute confidence in the method as well as facilitating learning. I also want to thank jmw1970, ozpips, and others who have contributed comments and more important live charts for us to learn from. This has been my first week following the method and I have been profitable. I apologize for not posting live charts. I guess I was afraid of scrutiny. Scrutiny is how we learn so my goal in the upcoming week is to participate more.

Keep it coming.......your efforts are appreciated!!!
"Amat Victoria Curam" Victory Loves Preparation
  • #358
  • Aug 5, 2011 9:46am Aug 5, 2011 9:46am
Quoting PipMonster1
I've been reading your thread with great interest from the start - excellent work PD.

Your comments are insightful and quite helpful. I also like the quizes - usually asleep to answer some of these but anyway...........

Thought I'd have a crack at my first trade just to make sure I have this understood correctly - well let's say it looks like I took profits a bit early. http://www.forexfactory.com/images/icons/icon7.gif

Nevermind - was it technically the correct place to enter?
I'm not an expert my any means but your entry looks technically correct. Mildly Striking countertrend (TMA line slightly trending up) coming off of a double top.
"Amat Victoria Curam" Victory Loves Preparation
  • #359
  • Aug 7, 2011 9:48am Aug 7, 2011 9:48am
Quoting forexforex
Constant Range Bars ? I think that is an indicator that you have to pay for it to get it...I hope you are not advertising.

look around there are FREE good ones.

over and out.
@FibusSnatchy
  • #360
  • Edited 6:59pm Aug 7, 2011 6:38pm | Edited 6:59pm
Very volatile this morning with gaps. EU is now at MIDMOM DB trade. Pending order waits

Edit: In trade with RF confirmation

Current bar making a new high is good

Next bar new low is bad still support on mid band

OUT -10 looking very toppy now
Attached Image (click to enlarge)
Click to Enlarge Name: test10eu.jpg Size: 91 KB
0 traders viewing now