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

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PRICE Accordingly

  • #521
  • Aug 14, 2011 5:21am Aug 14, 2011 5:21am
are you refering to my avatar? i don't understand... many people have told me about some lady or even a bicycle but... i can't see them... i can only see a perfect ass sitting on top of a beatifull pair of legs

green pips

Quoting Klaxon
What a lovely bicycle you have there Sir ! he he
dreams do come true.
  • #522
  • Aug 14, 2011 5:35am Aug 14, 2011 5:35am
the first decision would be to set a fixed tp at the opposite band or to watch PA at that band and decide then. the first looks safest as the second mighht lead to "feelings" taking over. could be greed and the trade goees back, could be fear of loosing the profit (by letting run) and then it does run and we feel that we have lost the opportunity to take more out of the market...

one of the things that i loved about your system is that there is lots of room for discretionary decision and still a solid set of rules. seems like just the right balance. so we can let the "runner" question to the discretionary part of the system. those with the hability to properly distinguish a breakout (and stay in the move the longest) will take more out of the system. as long as the other still do, that would be perfect.

besides i have seen a couple of the threads that turn their focus from the initial system into a discussion of how it could be better whe it was great from the beginning.

therefor i agree with you: let's stick to your system just the way it is and learn as much detail about it as possible, practicing it to exaustion so a few of us can play tennis together one day!

Green pips,PD



Quoting P.Dean
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...
dreams do come true.
  • #523
  • Aug 14, 2011 5:37am Aug 14, 2011 5:37am
(i saw your post after i've posted my reply)

so it seems we have the same problem LOL

(by the way, whose the lady in your avatar? mrs. PD?

Quoting P.Dean
what bike!!!..
dreams do come true.
  • #524
  • Aug 14, 2011 6:07am Aug 14, 2011 6:07am
Quoting wannaberich
(i saw your post after i've posted my reply)

so it seems we have the same problem LOL

(by the way, whose the lady in your avatar? mrs. PD?
no, no Mrs here... new girl every week is more like my speed..
Monday you'll see the girl of past week.. lol
  • #525
  • Aug 14, 2011 8:01am Aug 14, 2011 8:01am
Quoting P.Dean
".........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.

You don't have to apologize for the long post, this is good stuff. Personally, I would like to see more especially on this subject. I think that the more we can get inside you head relative to your thought process the better. I would also like for you to elaborate on trades that struggle to go in your direction. At what point do you cut your losses? Thanks again for the education. Your efforts are not wasted.

regards,
Daytrade5
"Amat Victoria Curam" Victory Loves Preparation
  • #526
  • Aug 14, 2011 9:05pm Aug 14, 2011 9:05pm
Studied the weeked........... Ready for school professor !

I am grateful for the talent in the room and that you share your experience with the unwashed.... Some of the trade posts are difficult to see, ( dark, small ) but I am working on improving my computer skills to clarify some of them. My goals are set.... I will try to follow all the rules.
  • #527
  • Aug 14, 2011 10:02pm Aug 14, 2011 10:02pm
Here is a setup i took today on the micro good for +20 pips. NB trade. My psychological hurdle is if I nab a winning trade 1st up than I cannot trade any more for the session for fear of giving back profits.
How does one overcome that ??
I saw the bounce trade happen from the lower band but didn't have the balls to take it, though the setup was not so nice as the first one.
Attached Image (click to enlarge)
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  • #528
  • Aug 14, 2011 10:22pm Aug 14, 2011 10:22pm
Ozpips.....sweet trade. For some reason my mind was stuck on identifying the setup as mildly striking and was waiting for the double top and then the double bottom. Would have been 2 easy wins.
"Amat Victoria Curam" Victory Loves Preparation
  • #529
  • Edited 12:31am Aug 15, 2011 12:21am | Edited 12:31am
Hello everyone,

New day , new week.. let's do it..



BE PRESENT..

  • #530
  • Aug 15, 2011 12:31am Aug 15, 2011 12:31am
Quoting ozpips
Here is a setup i took today on the micro good for +20 pips. NB trade. My psychological hurdle is if I nab a winning trade 1st up than I cannot trade any more for the session for fear of giving back profits.
How does one overcome that ??
I saw the bounce trade happen from the lower band but didn't have the balls to take it, though the setup was not so nice as the first one.
look at this way...
you will give it back sooner or later when trading with feared mentality.. so final outcome is a loser one, i guarantee it..

unless.. you face your fear..
how?
by not caring if you win or lose.. but rather, playing the game right..
with such mentality your will overcome any fear in life.. trading is the least.
I know its easier said than done.. but to be separated from the 90% you got to start this at some point.


I hope it helps.
  • #531
  • Aug 15, 2011 12:43am Aug 15, 2011 12:43am
quick recap on the pairs under our watch..

they all are pretty much inside Neutral band as a range PA.. I do see a start of a bullish EU strength popping out of the band..
now.. remains to be seen as to how it shapes up.. will it continue or fake back inside the band or just stall or or.. but for now that's what we see as we constantly ambushing for the setup to show and jump in at the correct time.
  • #532
  • Aug 15, 2011 12:54am Aug 15, 2011 12:54am
short on GU.. NBT setup..

edit 1: got a small break off the entry break so i drop the risk to -10..
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  • #533
  • Aug 15, 2011 1:06am Aug 15, 2011 1:06am
Short AU



Out -2pips showing no follow through
Attached Image (click to enlarge)
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"Amat Victoria Curam" Victory Loves Preparation
  • #534
  • Aug 15, 2011 1:09am Aug 15, 2011 1:09am
Hi everyone

Dean, I notice gpus too, but did not trade it, I was checking all. Is this a good neutral set up_?

thanks
  • #535
  • Aug 15, 2011 1:11am Aug 15, 2011 1:11am
Quoting P.Dean
short on GU.. NBT setup..

edit 1: got a small break off the entry break so i drop the risk to -10..

out for +11 at the touch and a small hesitation which 80% means a bounce off..
so early in the day it's best to chip away at it if it's not there firmly..
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  • #536
  • Edited 1:40am Aug 15, 2011 1:14am | Edited 1:40am
Quoting relaxtrading
Hi everyone

Dean, I notice gpus too, but did not trade it, I was checking all. Is this a good neutral set up_?

thanks

i know why one can pass on this.. it's because of the burst outside the band...
but take look at how it turned back inside so quickly... this is a sign of fake out breakout of the band.. now since the burst was not so big enough to effect the shape of your bands and stayed as Neutral.. so it safe to take it..
remember we use the combination of the tools and PA.. in this case PA deceived but your tool stayed confirmed so setup stands..

I must add..
do not jump the gun on such setups.. always stay calm and wait for the RF to signal and close, then use pending and not manual in (spread + buffer)..
  • #537
  • Aug 15, 2011 1:21am Aug 15, 2011 1:21am
Quoting daytrade5
Short AU



Out -2pips showing no follow through

well done..
this was a valid setup as well.. but it just did not work out.. no biggy.. like daytrader here put your feelings aside, no attachments what so ever, be stone cold and get out of it once its not there for you..

guys love your small loses.. it's your secret to wining.. trust me when i tell you.

I tell you guys... daytraders exit was far more valuable, than my +11 bank on GU.. now think about it!!
  • #538
  • Aug 15, 2011 1:29am Aug 15, 2011 1:29am
Thanks Dean for you explanation.
The trade on audus, I think shoud not be taken because adding spread + buffer, is not enough to be hit.. just my opinion
  • #539
  • Aug 15, 2011 1:31am Aug 15, 2011 1:31am
ok quick recap on pairs.. (gotta do this constantly.. it gives you focus mind)

looks like its heading up north after the eu open.. remains to be seen its too early to tell if its a confirmed breakout to S or MS or back to Neutral.. but the point is you got to be aware of the movements and the possibilities.. always prepared to not get knocked out and rather to knocked it out..
  • #540
  • Aug 15, 2011 1:34am Aug 15, 2011 1:34am
Quoting relaxtrading
Thanks Dean for you explanation.
The trade on audus, I think shoud not be taken because adding spread + buffer, is not enough to be hit.. just my opinion
yes you stand correct..
and i just noticed daytraders chart after your post.. he jumped the gun.. lol

its ok.. practice and mistakes makes better..
now you all see the benefit of RF close and correct pending set..
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