PRICE Accordingly

Also wasn't enough room just 10 pips to HH

I had reco'd the play and saw it was striking so decided SBT, because the definition posted was "(SBT) Momentum trade taken from the Upper or lower TMA line in the direction of the trend"

It had hit the upper line, so I took it.
I guess the definition was wrong?

already fellas... nice activity today.. i am out for my weekly tennis match and pretty much done trading for the week..
today's result, 3-0 for +51.. and just shy of 400 pips profit in only 4 day week trading (i missed Monday).. it was a great week overall.
I must say that i was only present for no more than 60% of all opportunities.. so being PRESENT is even tough for me. I intend to get better at that next week as i am really getting back into my old trading routine.. grooving baby...

i be around later on to check up on things here.. if you got questions or concerns i will attend to it.. and more than anything I love to see more of your live trades in NYS.

for now see you all later and have a nice weekend.

GBPUSD - Out for +10 pips on hesitation at upper band, seems like I was lucky and the news didn't adversely affect anything

not sure what is wrong with me today, I just can't seem to see things clearly

opposite band.. whatever that is.. if the direction is bullish your opposite band is lower band.. pa must pullback before release of momentum!!..

ok, the misunderstanding is

SBT - for long it must be a bounce off the LOWER tma, for short it must be a bounce off the UPPER tma

if you think of the upper & lower tma lines as overbought and oversold, we are looking to sell when overbought and buy when oversold

Got it! thanks both of you, that explains a lot!

I am attempting to absorb the knowledge that is available in this room and look forward to becoming a more successful trader. I entered the trade attached with a closed candle of the retracement indicator. the mid line was yellow to red. Must the mid line color, in this case , be blue to confirm a valid trade? I believed the overall trend to be up and this a retest... Valid or not...... Thanks for the help. KimH

I believe I answered my own post. Please correct me. The trade was 1st considered Neutral, RF confirmation not required. As a Neutral trade it should only be taken off the upper or lower bands....... Correct? KH.

from my side, yes the bands have now returned to a neutral state, therefore you are looking for bounces off the upper & lower bands, no RF confirmation required (as long as the bounce pa candle looks good), although at the time of your entry they had only just gone to a neutral state, which may or may not have held

Hi Kim.. and welcome to the thread..

after the band recognition you look for the appropriate play which would be the NBT setup, bounce off the OB/OS band.. now, before even looking for the last minute confirmation such as RF signal.. you got to have the setup fully first..
now look at your chart.. do you see a bounce off the lower band???.. has the PA even reached the lower band??
i would say that it never even got there much as less a bounce off.. there is not a setup there in the first place..
so, little details and paying attention to the details is required as well before accepting and rejecting a RF signal.

I hope it make sense to you Kimberly.

P.Dean you had no idea but you had me rolling laughing anyway. Kherzfeldt "Kim" at 6'5" 300lbs would be a butt ugly girl, is actually a guy.

..
gotta find out one way or another if we got a fan girl in here or not.. lol

P.Dean, Thanks you for the review and I can promise I will continue to study the posts and the system. Its becoming addictive. Please note Daytrade5 has overstated my attributes......... 6'5", 275# guy is more realistic. KimH

He who knows when he can fight and when he cannot will be victorious.
Sun Tse - The Art of War

I know what you mean Sir, it happened to me most of the time in the last 6 years !

have just finished reading the whole thread.

indis loaded and set. i guess i have a good understanding of the system so i will be joining you guys next monday, tuesday at the most.

i am positively impressed with the simplicity and (taken the sample i've seen) the good results it seems to give. Congrats PD.

i expect to contribute actively. will give it a go on demo and, if it seems good, will start trading mini in a couple of weeks.

there is some room to change (improve?) in my view (speacially when one has jumped in a scalp that turned into a big mommentum entry ) but, for what i have seen in the thread's history, you are not very keen on variations therefor i will stick to the rules and will strickly follow and post the system at hand.

again, great thread and big altruism from your side, PD.

hapipipin

WBR

What a lovely bicycle you have there Sir ! he he

welcome to the thread and thanks for your kind words.

I get questions and comments about "improvements" on more profitability beyond what we got already, via pm and in here.. so I decided to touch on it a bit..

Improvements are always fine and necessary as long as it don't produce harm to the already established consistency.
what i have laid out its pretty straight forward and it gives flexibility for production.. its up to the Trader to produce whatever based on his/her skill consumed from only and i repeat ONLY many practice trades and experience zoomed in on one method.
eg..
we get in with a N setup skill... PA goes in our favor and reaches the other side of the band for 10/15 pips profit.. now, you be hit with 5 possible often scenarios..
a) hesitation and stalling time..
b) hesitation and possible bounce..
c) hesitation and possible fake bounce for continuation..
d) weak break of the band..
f) strong break of the band for a run..

now.. can we depend on scenario F to come through every time and let the given profit to slip away and often be hit with a minor loss..
or..
use our skill based on what we see out of each scenario with our pre-awareness to act properly..

either is fine.. and again its totally up to you..
why i say that?.. bcz i don't know you and you only know you... you know your personality, investment protection, mental stage, skill level, time management and etc..

besides the X's and O's there are many other important factors are involved in trading that separates the winner from losers or avg.

so with what said above.. i have left this free style to get the best of both world based on what I see and feel, as I know that it is the best way to go by with it.. this is exactly how i approach it every day in every trade.. i depend on my most important set of TOOL.. and that is my two sets of EYES.. to measure time and speed based on reasonable time for PA to make up its mind and for me to act accordingly and properly regardless of the later results that I could in no way or shape to Predict.. this way one saves his ass way more time than just missing out on extended profit.. think about it!!.

now.. "if PA is in the confirmed mood of giving and breaks strong at the band, i ride it.. if not, i bail, and keep chipping away at it to reach at least my daily goal.."
this kind of flexibility will lead you to making money in all kinds of market condition and not singling out.. bcz then you will have to be depending on the market to act in certain way to suit for you.. and that is where the problems arises.. the word DEPENDENCY.. i try to stay away from that and take things as it goes and ADAPT to conditions to Survive and Preserve.. and my plan covers enough of the market conditions to produce consistently with me at helm as the sole Commander and Chief.

"Battle must be won, before it's even fought"
If i have to depend for the Alexander the great to throw his army at me only from the front and not prepared for his tricky work to be attacked from side or back, than i can not win that battle and be dead eventually.. in our profession this is called MARGIN CALL.. lol

however, if you like a through explanation of how i go by each of the 5points mentioned above in words (bcz i have shown it live) i can go over them later on.. don't expect magic though.. lol.. expect nothing but straight forward commonsense simple approach.


regard,
Dean



ps) sorry for the long post, i founded necessary on a off day to elaborate on.

what bike!!!..