PRICE Accordingly

on these two now.

i just take EJ SMBT long even if i don t really like to trade in the last 30 min london close around 11 pips potential, we ll see !

update EJ SMBT long +7.2 since i don t like the patern now and it s london closing time so ...

so it s time to go to sleep a little, i trade frankfort open to london close for the second time i had 4 trade
2 BE where i could have a gain at least 15 pips each for me it was a lack of experience and practice with this strategy

2 wins 10 + 7.2= 17.2 total

and the market was really quiet today since EU by example had a H to L of 78 till now on the daily average of about 180 usually

So i will try to be better tomorow

got sled out at be on the EJ trade (that was stupid since it went 20 pips on my side...) and lost a second EU for -20.

overall +49.

not great, not bad.

heading home soon.

see u guys tomorrow.

take care.

Hey WBR, some lost trade sometimes are so intriguing, i imagine they are a part of the game sometimes Even of that and considering the market was like a dead stone today i m really impressed with your result and it s something who tell me this system could really adapt easily in different behaviour of the market !

It was about the same for me today with 2 of my trade today resulted in BE after touch the lower band for about 9 pips each but come back to me easily and after they rally and go trough the band again untill they touch the lower low at around 20 pips each ,as it was my initial target since it was a SMBT short that s why i resist to not get out of the trade after hitting lower band as Dean said in this situation the lower band is meaningless and better to look at last L !

Considering that, i think i could have had around 30 pips more if i had more experience under my belt with this system

btw WBR thanks to you for showing me several live CT trade today it open my mind more about this system possibilities

Like you said often, hapipipin

(and again sorry for my english)

hi everyone..
it nice to see the activity and the collaboration between members..
wannaberich and kalxton were the two heavy posters with charts and live trades.. for the purpose of learning i am going to point out a few things about their trades for the benefit of everyone who studies these charts and posts..

wrb... in some of your MSCT trades you are way too aggressive..
what do i mean..
your good at seeing the DT/DB and jumping in.. but its also important that your first recognition to be correct as to if the band and PA is S or a MS.. on most of the MSCT trades that you took including the ones that you won they were not MS bands and was more like a S band or more than MS striking.. so they are risky and not worth the agonies before and if they take off for you.. and you got finally stumped with one for -20 and got lucky on others.. we are after consistency and not luck.
so to recap.. gotta see the angle of the band and its relation to PA movement to make the first reco as to if its a S or MS.. than look for the DT/DB.. and then take look at the band again, see if it has soften.. if not, you atta wait for it to soften more, to look for another touch back or stall time or something.. reversal trades are very profitable,,, only,, if they are timed well, any less than that, you will get eaten alive more often than not.

klaxton..
you are very good at recoing the setups and ambushing them well to get in at the right moment.. the only thing that i saw was your panici exit for less than +10 when clearly PA was giving you more pips only if you could have just bit be more patience and hold your ground.. practice will make perfect, so no worries, but my words may speed that process for you and everyone else.. on all our setups we look for exit either at/above +10 or reaction to the opposite band, with exception of the SMBT where the target is not the band and its the recent HH/LL..
so for you in cards is to hold your ground a bit more for more profit especially when PA is giving it to you in a pretty normal pace.. I can understand if you make a panici exit when jittery movement arrives or a up coming news is around corner.. but normal time let it reach your target or bank something worth while, around or above +10, if not wanting to wait for the band reaction.

overall both of you were great and we all should be thankful for your contribution.. bravo.

again, my analysis on your trades and contribution is for purpose of learning for you and everyone's benefit.

regards,
Dean

short on GU live NBT setup..

edit.. -13 on this one for me

Thank you very much Dean for taking time to review and analise what i did yesterday, it s really appreciated !

Hey Dean

Thanks for reviving this method . I have used the Kevinator method with success...and would be following this thread closely.

great to see many ppl participating on this one too.

Cheers
Vicky

you guys wanna know about imbalance market!!... well you got one at hand at the moment.. crazy down crazy up.. throw everything out the door.. all signals formations etc.. is worthless..
sitting on the hands time for now..

Agree Dean, it s not really easy to have a clear view since frankfort open

@PD

at the beginning of the day i usually take a look at yesterday's work and i saw what you meant with the aggressive CT. i have this tendency to pick reversals. the systems i trade are based on that. so i must admit i am not a trend guy. while trying to adapt to your system, i brain took me where i feel more comfortable: CT trades. i think i do pick them quite well and that ends up in the result but i don't want to do that here.
i am here to learn and adapt to your system. so i have to adjust my thinking to the CT trades on this system, not those i would get in with my discretionary trading.

besides your system is more of a trend follower and that is a great exercise for me.

enjoying my time here, with your system and all of you.

hope we have a great day today.

hapipipin

WBR

This is not a trend following system... its a plan that takes advantage of most market condition.. neutral, for range trading.. striking, for trend trading.. and mild striking, for counter/reversal trades.

I would be surprise to see you produce consistent winning results with the way you took counter trades yesterday with real money minimum 1 lot size positions.. but its none of my business.

regards,

Still hiding in the bush and ready for the my first ambush of the day, to put something under my teeth you know

On some news report they said markets still agitated after Merkel-Sarkozy meeting !

Phu now I'm ready, I've read the thread from start to finish.

I will try to post my charts, I'm not so technical.

Thank you for your selfless work. P. Dean.


Ps. it will be nice to try something new and fresh.

let's see if i can surprise u on EU 1.4480

last high of 2 days ago

sure a few winners here and there... BUT the key word is CONSISTENCY..

consistency is the name of the game in forex. so true.

to have consistency with a system like this you have to endure many losses and many BEs. but as long as the Risk : Reward is several times to the reward side it will be consistently profitable.

patience on the entries and low greed on the exits are the key. u can have 2x (even 3 or more) 20 pips loss and then get your entry worth 100-150 some times more and you will be green in the end of the week (not day).

what i really don't like about this is that often you have to leave positions open overnight. i really don't like that. i worry about these and sometimes don't sleep straight. don't want that at all.

that's why i am here to learn from you!

Green pips, PD