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  • #541
  • Aug 15, 2011 1:40am Aug 15, 2011 1:40am
Quoting P.Dean
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..
Sorry about that. You're right, I did jump it. Saw the GU take off after hesitating to take it and was worried that the AU would follow without me.
"Amat Victoria Curam" Victory Loves Preparation
  • #542
  • Aug 15, 2011 1:43am Aug 15, 2011 1:43am
Quoting daytrade5
Sorry about that. You're right, I did jump it. Saw the GU take off after hesitating to take it and was worried that the AU would follow without me.
it's ok... but ignor the correlation for good... they don't mean thing based on what we do here.. for long-term traders, yes.. for us, no..

trade each pair like it's the only currency pair in the world as a sole..

(I do have post about correlation factor some pages back)

for example.. at moment look at the EU and GU.. they are completely opposite.. one is bullish looking and the other bearish. and this two pairs are the most correlated pairs of all.. but they are doing different things at moment..
now... i will guarantee you that at end of the day they will more likely look the same.. lol
so.. it goes back to relation to what you do... we do short-term trading.. if we use correlation, it will do just enough to fuck us up.. lol as we get lost in its short term turn and curves.
  • #543
  • Aug 15, 2011 1:44am Aug 15, 2011 1:44am
Any rule to adjust the buffer ? ATR50 for instance in eurus now is 5 pips. At normal hours is around 10 pips, so the buffer should be adjust accordingly with the actual situation, so we might use a 20-30% of ATR50 to get buffer correct?
  • #544
  • Aug 15, 2011 1:51am Aug 15, 2011 1:51am
Quoting relaxtrading
Any rule to adjust the buffer ? ATR50 for instance in eurus now is 5 pips. At normal hours is around 10 pips, so the buffer should be adjust accordingly with the actual situation, so we might use a 20-30% of ATR50 to get buffer correct?
no atr stuff..

keep it simple.. whatever your spread is + 2/3 pips buffer.. (now if your spreads are more than 3 pips change your broker on eu should be less than 3
  • #545
  • Aug 15, 2011 2:01am Aug 15, 2011 2:01am
Hello, first post. Whent short A/u looking ok so far.

Let me know if i did something wrong.

Back to thread.

Steve
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  • #546
  • Aug 15, 2011 2:13am Aug 15, 2011 2:13am
Quoting brisvagus
Hello, first post. Whent short A/u looking ok so far.

Let me know if i did something wrong.

Back to thread.

Steve

its ok since its mild mild striking... normally we wait for DT on MS bands..

but major mistake is not considering spread and buffer..
  • #547
  • Aug 15, 2011 2:16am Aug 15, 2011 2:16am
Thanks P.Dean will follow along with some of your trades to fine tune it.

Nice thread.

How did you get Mrs Brisvagus as your avatar
  • #548
  • Aug 15, 2011 2:24am Aug 15, 2011 2:24am
Quoting brisvagus
Thanks P.Dean will follow along with some of your trades to fine tune it.

Nice thread.

How did you get Mrs Brisvagus as your avatar
ups sorry.. lol
  • #549
  • Aug 15, 2011 2:28am Aug 15, 2011 2:28am
That example I put up the Aussie. You would wait for double top as the band is drifting upwards. Have i got that. As opposed to the band drifting down making the trade more of a with trend trade.

Thanks Steve

OK 2 for 2 so far. How longs this been going on !!
  • #550
  • Aug 15, 2011 2:30am Aug 15, 2011 2:30am
Quoting brisvagus
That example I put up the Aussie. You would wait for double top as the band is drifting upwards. Have i got that. As opposed to the band drifting down making the trade more of a with trend trade.

Thanks Steve

OK 2 for 2 so far. How longs this been going on !!
i just told mrs.brisvagus to tell you to plz read the first two pages of the thread at least.. I hope you take her words to heart.. lol
  • #551
  • Aug 15, 2011 2:34am Aug 15, 2011 2:34am
Yeah Sorry P.Dean. I have read it but im not a good student. Im getting it I think. Wont bother you for 10 minutes I promise.

Look at the lower Aussie band. Touched and up she goes. pitty theres no room once we got a blue bar to really trade that to upper band. me thinks anyway
  • #552
  • Aug 15, 2011 2:38am Aug 15, 2011 2:38am
Can we still considering GBP neutral, ?
  • #553
  • Aug 15, 2011 2:58am Aug 15, 2011 2:58am
Quoting relaxtrading
Can we still considering GBP neutral, ?
look at the PA and the band and tell me what you see??
  • #554
  • Aug 15, 2011 3:01am Aug 15, 2011 3:01am
Long audus order place
  • #555
  • Aug 15, 2011 3:04am Aug 15, 2011 3:04am
I've been quietly following since the beginning. I just got around to finally actually quitting my old style. My first trade just now, +20 pips. Not too bad for 15 minutes, lol. Thanks PDean. I'm trying to follow along. Seems like you have a damn good method here.
  • #556
  • Aug 15, 2011 3:04am Aug 15, 2011 3:04am
Quoting relaxtrading
Long audus order place
good.. whats the setups name?
  • #557
  • Aug 15, 2011 3:08am Aug 15, 2011 3:08am
I think still neutral between 1.63 - 1.6260. Today price has been down and up now those levels. but getting out the tma band lines.
  • #558
  • Aug 15, 2011 3:14am Aug 15, 2011 3:14am
Got my eye on GU. Mildly striking as the capain would say so wait for d/t and Crunch.

Price been in this range for ever on G/U
  • #559
  • Aug 15, 2011 3:15am Aug 15, 2011 3:15am
Mildly Striking Band but in the last 8 hours, more like a neutral. The trade still pending at 1.0523
  • #560
  • Aug 15, 2011 3:17am Aug 15, 2011 3:17am
Quoting relaxtrading
I think still neutral between 1.63 - 1.6260. Today price has been down and up now those levels. but getting out the tma band lines.

neutral to slightly MS.. since we had a 50 pips drop earlier..
so if we would had got a RF signal for MSBT or SBT setup we would have taken those trades..
but now its a different story as it has burst through upper band..

gotta see the tools and the PA..
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