I am a new follower of this system amd will stay in the background as I learn. Daytrade5 is a long time trading associate and he will assist me in my progress... Thanks for the time and posts from all involved. ICEMAN
several reasons,
mid-band trades are only valid for striking bands
distance to the LL was not greater than 10 pips
the problem is if you take this type of trade and win, or don't take the trade and see that it would have won (as is this case) you will think that this happens always, and quite simply in most cases it doesn't
remember, we are NOT trying to catch every move, nor are we trying to catch every pip on every move, we are simply trying to enter trades that have around an 80% chance of succeeding
This makes a lot of sense.
Really thank you for the advices, looking forward to make some pip today
The one in the picture was a live trade that i took last week, i made about 65 pips from it, thank to the news releases too.
Was it "correct"?
[EDIT]
I didnt close it on the lower band just for luck..
- #370
- Aug 8, 2011 6:13am Aug 8, 2011 6:13am
that one was fine, you had several other things going in your favour
downward mildly striking bands, therefore bounce of the upper line ok to enter, in addition the bounce caused a double top, which was an added bonus
downward mildly striking bands, therefore bounce of the upper line ok to enter, in addition the bounce caused a double top, which was an added bonus
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This makes a lot of sense.
Really thank you for the advices, looking forward to make some pip today
The one in the picture was a live trade that i took last week, i made about 65 pips from it, thank to the news releases too.
Was it "correct"?
[EDIT]
I didnt close it on the lower band just for luck..
