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

House price data price action 1 reply

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  • #561
  • Aug 15, 2011 3:18am Aug 15, 2011 3:18am
LONG 1.0423 at 8:15 GMT
  • #562
  • Aug 15, 2011 3:22am Aug 15, 2011 3:22am
Quoting relaxtrading
Mildly Striking Band but in the last 8 hours, more like a neutral. The trade still pending at 1.0523
incorrect..

the better recoing the PA band position the better to fit the appropriate play when things get tough..


the band it totally Neutral inside a 80 pips range.. and the setups name is NBT

(show charts plz)
  • #563
  • Aug 15, 2011 3:25am Aug 15, 2011 3:25am
If you could look at the G?U for me. In your opinion would you classify price having formed a double top already from where price was a few hours ago or would you wait for a retrace back up and then the RF Red candle for confirmation. Thanks

Well its a tripple top really isnt it
  • #564
  • Aug 15, 2011 3:27am Aug 15, 2011 3:27am
PENDIng order short GBP 1.6286
  • #565
  • Aug 15, 2011 3:28am Aug 15, 2011 3:28am
Sold g/u with stops above the high of the day 1.6310.

Yeah Baby small stop so good trade i think.

Damm forgot the pending order part. lol

Looks like lesson no 1 for me USE PENDING ORDER
  • #566
  • Aug 15, 2011 3:36am Aug 15, 2011 3:36am
Quoting brisvagus
If you could look at the G?U for me. In your opinion would you classify price having formed a double top already from where price was a few hours ago or would you wait for a retrace back up and then the RF Red candle for confirmation. Thanks

Well its a tripple top really isnt it
what happened a few hours ago don't mean much on your current setup..
I look at the recent action.. and that is a swing up which burst through the upper band.. so i look for a immediate DT not DT afew hours ago.. we ara all about the NOW MOMENT.. we are momentum short term traders..

sure the triple top is obvious but it dont mean it will bounce for you in the way that you want.. you got to ping point the momentum and the way we do it is with seen a recent little DT so we can get a impulse move at least if not a complete revers bounce..
if it's not timed well you could get hit with hard sl or whole lot of agonies, and than see a bounce and reverse..


gotta get some lunch.. be back in an hour or so..
  • #567
  • Aug 15, 2011 3:40am Aug 15, 2011 3:40am
Good to know. Put that on my checklist before i take the next one.

Thanks Steve
  • #568
  • Aug 15, 2011 3:42am Aug 15, 2011 3:42am
Quoting relaxtrading
PENDIng order short GBP 1.6286
now.. since your pending did not get hit.. and you were aggressive on that setup.. so drop the pending... look for the new RF signal off the DT in the making..
  • #569
  • Aug 15, 2011 3:43am Aug 15, 2011 3:43am
GU - Short NBT (or MSCT with DT)
Attached Image (click to enlarge)
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  • #570
  • Aug 15, 2011 3:45am Aug 15, 2011 3:45am
keep GBP short pending 1.6286
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  • #571
  • Aug 15, 2011 3:49am Aug 15, 2011 3:49am
attention to small little detail at the last minute confirmations will be a make or breaker..
it ping points the best to pick the momentum for that start up impulse move to get you ahead of the curve, so you can..
1) be under less stress..
2) to adjust the risk for better..
3) have the option more often to bank +10/+15...
Attached Image (click to enlarge)
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  • #572
  • Aug 15, 2011 3:57am Aug 15, 2011 3:57am
I just close AUD trade with -3 pips,. I'm not very happy with the actual PA.
  • #573
  • Aug 15, 2011 4:01am Aug 15, 2011 4:01am
stopped on g/u short. all part of the fun.

2 and 1 now
  • #574
  • Aug 15, 2011 4:04am Aug 15, 2011 4:04am
GBPUSD (-15pips)

not quite sure why my pending triggered, looking at the candles it shouldn't have - strange - also strange was the fact I got positive slippage, normally you get a worse price on slippage not a better one!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-2011.08.15-9.0-5m.gif Size: 24 KB
  • #575
  • Aug 15, 2011 4:13am Aug 15, 2011 4:13am
Fortunately I did not get trap on GBP the spread+buffer was enough. The general PA no quite good, I'm going to wait until things get better
  • #576
  • Aug 15, 2011 4:19am Aug 15, 2011 4:19am
Gotta go home from work. Keep posting your trades guys so I can do some on my i phone.

Good Luck from Australia and see you tomorrow.

Steve
  • #577
  • Aug 15, 2011 4:23am Aug 15, 2011 4:23am
Quoting P.Dean
attention to small little detail at the last minute confirmations will be a make or breaker..
it ping points the best to pick the momentum for that start up impulse move to get you ahead of the curve, so you can..
1) be under less stress..
2) to adjust the risk for better..
3) have the option more often to bank +10/+15...

Hi Dean,

I have read all posts here, I think to reco the PA is the essence of this wonderful system!

question 1 is when to delete your pending orders if the price go opposite way?

Second question is bank half profit anyway at boll H/L, and if a bullish candle close above and long entry already entered with +Xpips, should I move the sl to the nearest candle low? For short,vice versa. I want to let the profit run, becasue half of the profit is already banked...I just worry about the SL is set too tight so I think your exp. can help me to decide this.

I raise second question because I cant reco " price hesitate at boll H/L"

Not a native speaker sorry for my crap english...and thanks a lot for your method.
No one wants to be defeated~
  • #578
  • Aug 15, 2011 4:32am Aug 15, 2011 4:32am
Quoting jonirrenicus
Hi Dean,

I have read all posts here, I think to reco the PA is the essence of this wonderful system!

question 1 is when to delete your pending orders if the price go opposite way?

Second question is bank half profit anyway at boll H/L, and if a bullish candle close above and long entry already entered with +Xpips, should I move the sl to the nearest candle low?

I raise second question because I cant reco " price hesitate at boll H/L"

Not a native speaker sorry for my crap english...
i answer your 2nd question first..
this is up to trader becoming creative..
my point on that post was to time the momentum better so you can get the impulse move right after the trigger more often... then your hands are open to become creative for your advantage.. it could be lowering the risk or banking quick etc..

now pending order cancellation...
when you see it did not get triggered and PA turned or stalled too much.. i recommend to look for new RF signal to avoid fake out break off the past momentum rejection since a new one will be around the corner so you could get off of that one.. and surely you will miss some opportunities but it saves you more than it gives out.
eg will be.. RF turning opposit.. PA stall.. PA cross the recent H or L..

your English is good enough my man.. English is not the only language in this world..
  • #579
  • Aug 15, 2011 4:34am Aug 15, 2011 4:34am
Quoting relaxtrading
I just close AUD trade with -3 pips,. I'm not very happy with the actual PA.
nice job.. once its not there and you have given it the reasonable time than there is no reason to stay on and it's time to bail out and accept the small loss.

well done.
  • #580
  • Aug 15, 2011 4:39am Aug 15, 2011 4:39am
one more confirm

Shall I set expire time for pendings How long? or wait the price break to dele it?
Attached Image (click to enlarge)
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No one wants to be defeated~
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