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

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PRICE Accordingly

  • #421
  • Aug 11, 2011 2:29am Aug 11, 2011 2:29am
Quoting P.Dean
out for +11...
too much messing around the London open, wise to bank on the first trade of the day for me.. plus the band is fairly wide so baking the normal gain its a good call.. but its got a good chance to test the Lower band.


edit... i think i traded this one with my skirt on.. lol.. it happens.
.................
with enough screen time within your plan of trading.. you can lead to such feel... that was nothing but my feel off the PA's a touch abnormal behavior.
not to brag or anything, but it feels nice and with hard work everyone can get to this more often than not.
Attached Image (click to enlarge)
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  • #422
  • Aug 11, 2011 2:40am Aug 11, 2011 2:40am
harry123..

you asked me a question yesterday about imbalance market..
well you got it live on ej now..
watch the box.. this is a imbalance market and the neutral band is irrelevant now as PA movement has taken over to the obvious.. now other times is not as visible, this on its easy to see since it spiked.. but most times when you see quick sudden moves an like whipsaws or straight ups and downs.. then you got a imbalance market and it results in the bands widening..

and i recommend in this game plan to SIT ON THE HANDS.

I ping point it LIVE for better understanding.


ps) long on both AU and GU at moment..
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  • #423
  • Aug 11, 2011 2:47am Aug 11, 2011 2:47am
Hi,

Have been following on the sidelines for a while, but placing trades for the last week on a micro account.. So far so good. Curently on this UC trade short. Hope it meets all your rules pdean.. I took a gamble as it was close to the daily pivot but it seems to be working out.

Balrog.

Edit: Out for +19 pips..
Attached Image (click to enlarge)
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  • #424
  • Aug 11, 2011 2:50am Aug 11, 2011 2:50am
Quoting balrog
Hi,

Have been following on the sidelines for a while, but placing trades for the last week on a micro account.. So far so good. Curently on this UC trade short. Hope it meets all your rules pdean.. I took a gamble as it was close to the daily pivot but it seems to be working out.

Balrog.
welcome to the thread balrog,
its a perfect NBT setup, nice job.

there is always something going to be on the way.. s/r or pivot or round number etc.. i tend to ignore the hell out of all of them.. just me and my plan.. i control my destiny, that,s it.

.................
ps) out for +7 on GU and +9 on AU.. sorry on time to show charts in time.
  • #425
  • Aug 11, 2011 2:54am Aug 11, 2011 2:54am
Quoting P.Dean
harry123..

you asked me a question yesterday about imbalance market..
well you got it live on ej now..
watch the box.. this is a imbalance market and the neutral band is irrelevant now as PA movement has taken over to the obvious.. now other times is not as visible, this on its easy to see since it spiked.. but most times when you see quick sudden moves an like whipsaws or straight ups and downs.. then you got a imbalance market and it results in the bands widening..

and i recommend in this game plan to SIT ON THE HANDS.

I ping point it LIVE...
Dean,

IC, thanks. Earlier I thought imbalance PA is when it stays on one side of the band or ran outside the bands and this always happens when the PA is trending. I think I get this impression because I noticed that this system of trading is most actively carried out during ranging PA.

Anyway it is clear now with your explanation and I must say you are very good with this method. I am impressed.
  • #426
  • Aug 11, 2011 2:55am Aug 11, 2011 2:55am
Quoting P.Dean
welcome to the thread balrog,
its a perfect NBT setup, nice job.

there is always something going to be on the way.. s/r or pivot or round number etc.. i tend to ignore the hell out of all of them.. just me and my plan.. i control my destiny, that,s it.

.................
ps) out for +7 on GU and +9 on AU.. sorry on time to show charts in time.
That's very true.. Being so close to the pivots always puts a little uncertainty in me.. maybe best I take them off completely using this strategy.

Will try and post some more over the coming days.

Thanks.
  • #427
  • Aug 11, 2011 2:58am Aug 11, 2011 2:58am
Quoting balrog
That's very true.. Being so close to the pivots always puts a little uncertainty in me.. maybe best I take them off completely using this strategy.

Will try and post some more over the coming days.

Thanks.
balrog,
can you do me a favor and attach your little indi data box that you got on the bottom right hand corner..
appreciated greatly.
  • #428
  • Aug 11, 2011 3:00am Aug 11, 2011 3:00am
i made a quick aggressive exit on my GU trade... why? who can tell me>>
  • #429
  • Aug 11, 2011 3:01am Aug 11, 2011 3:01am
Quoting P.Dean
balrog,
can you do me a favor and attach your little indi data box that you got on the bottom right hand corner..
appreciated greatly.
Sure.. Here you go.

Balrog.
Attached File(s)
File Type: ex4 THV3 SpreadandRange.ex4   16 KB | 307 downloads
  • #430
  • Aug 11, 2011 3:05am Aug 11, 2011 3:05am
Quoting P.Dean
i made a quick aggressive exit on my GU trade... why? who can tell me>>
I'll take a chance and say that the hanging man signalled possible end of upward movement?
  • #431
  • Aug 11, 2011 3:06am Aug 11, 2011 3:06am
chart is pretty self explanatory..
this is how you ambush to jump in at the right time on these counter trades..
Attached Image (click to enlarge)
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  • #432
  • Aug 11, 2011 3:07am Aug 11, 2011 3:07am
my take would be, the PA down to the bottom band was with momentum, (it only took 3 bars), therefore the bounce back up could be the first retrace of a trend change

moves with momentum generally mean there are active sellers/buyers, with a slow retrace back to the opposite band this generally indicates profit taking

that is my understanding of it,

Quoting P.Dean
i made a quick aggressive exit on my GU trade... why? who can tell me>>
  • #433
  • Aug 11, 2011 3:09am Aug 11, 2011 3:09am
Quoting balrog
Sure.. Here you go.

Balrog.
thanks a lot for the indi b.

but the answer is wrong i must say... candle formation in 5m tf are meaning less to me or at least in this plan of trading..

nice of you to get involve.. it will only lead to flourishing.. good job.
  • #434
  • Aug 11, 2011 3:11am Aug 11, 2011 3:11am
Quoting jmw1970
my take would be, the PA down to the bottom band was with momentum, (it only took 3 bars), therefore the bounce back up could be the first retrace of a trend change

moves with momentum generally mean there are active sellers/buyers, with a slow retrace back to the opposite band this generally indicates profit taking

that is my understanding of it,
spot on brother...
asked the same question yesterday and for the second time J answered it perfectly.. well done john.

the reason i ask such question is to make you see the true PA at all times and not get too attached with your tools.. gotta see both.. its a tag team for better decision making and better results at the end.
  • #435
  • Aug 11, 2011 3:13am Aug 11, 2011 3:13am
Quoting P.Dean
thanks a lot for the indi b.

but the answer is wrong i must say... candle formation in 5m tf are meaning less to me or at least in this plan of trading..

nice of you to get involve.. it will only lead to flourishing.. good job.
No probs..
  • #436
  • Aug 11, 2011 3:22am Aug 11, 2011 3:22am
I get questions about.. not being able to see thing early enough..

ok.. watch the now moment of GU chart..

example of using your tools and the PA as a tag team to see it early as if its a N band or MS or S..

in this case it Turing from MS or S to N very rapidly and if you reco it soon enough you can capitalize..
how too reco in this case.. PA reaction is what is visible more which makes the true position of the band at its early stages.

step by step.. at first you got a S or MS looking band.. then you get a 50 pips swing the opposite way.. then a rather strong PB regards to only a 50pips swing.. then you get a bounce off or DB/DT.. this PA movement will tilt the angel of the band from strikingly to Neutral and with watch-dog of PA you can reco it early enough.

i hope it clears more for you all.
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  • #437
  • Aug 11, 2011 3:42am Aug 11, 2011 3:42am
I dropped some real good stuff for you all today I hope it made sense and find it useful.. i know they are.

mid-day results for me.., i went for 4-0 = +39

gotta get some lunch.. later
  • #438
  • Edited 6:46am Aug 11, 2011 6:29am | Edited 6:46am
GBPUSD - SBT Short

Closed out for 9 pips as i have to go do some other chores
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  • #439
  • Aug 11, 2011 6:56pm Aug 11, 2011 6:56pm
Quote
Hi OZ,
about my other indies...

Thanks for your explanation P.Dean. I tend to agree with your theory that all these points are there to be broken. With candle formations however I believe pinbars poking through and then closing back inside the bands are valid in a NBT or in a MSCT ( DT,DB ). Do you look for these signals as being higher probability?
I have done a few of these trades successfully in my short time here. It's like the market does a fake break of the bands and in the last 30 seconds or maybe less the candle changes colour and turns into a big 10-20 pip pin. You just know that a big boy is making a move....
Cheers....
  • #440
  • Aug 11, 2011 9:14pm Aug 11, 2011 9:14pm
PD - once again a great little strategy you have here my friend.


To the programming gurus' -

I have read enough on the net to get the EA going and have started to play with the current EA everyones running but I am a little perplexed with some of the exits (see attachment). Stops are not hitting the required 100 pips but exit much sooner? I am running OOTB settings 30 profit target/ 100 stop loss. I would have assumed maybe the position was covered and opened in the opposite direction - from long to short. But I cannot see any evidence of this. Is anyone else having this anomaly?

Would anyone share their EA results from the other day so I can check mine against yours?
Attached File(s)
File Type: doc results 11 August.doc   358 KB | 385 downloads
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