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  • #821
  • Aug 18, 2011 9:18am Aug 18, 2011 9:18am
Quoting capstone
Klax, there is a whole thread on that topic here on FF. I am in EST in the US so I am waking up as well. I figure once the account is big enough and skills are sharp enough, I can trade just NY session and not wake anymore. However, if US stays on current political and fiscal course, I might consider a move!

Thanks for answering my question earlier BTW.
Hi capstone, we are on the same boat Sir like you better results and consistancy will come a better place to trade with at least 6 hours shift more at least than here in Canada
Respect and Honor !
  • #822
  • Aug 18, 2011 9:23am Aug 18, 2011 9:23am
it's the brown thing in the front. i have a hard time seeing it as i only can see white.

(out for lunch, looks like i missed all the fun )

you guys have been pulling some good trades!

Quoting Klaxon
(Sorry for the PM back but it don t work now at FF i don t know why)

Thank you very much for the kind welcome WBR, i will consider it when i will be ready !

btw what is a cool superbock exactly ?
Attached Image
dreams do come true.
  • #823
  • Aug 18, 2011 9:38am Aug 18, 2011 9:38am
Quoting wannaberich
it's the brown thing in the front. i have a hard time seeing it as i only can see white.

(out for lunch, looks like i missed all the fun )

you guys have been pulling some good trades!
Wow, now i think i could feel for a super bock sooner than i though

You know WBR you have pretty good argument there
Respect and Honor !
  • #824
  • Aug 18, 2011 9:55am Aug 18, 2011 9:55am
Quoting Kherzfeldt
Klaxon, Great posts for the room. Charts that are easy to review confirming the system for the unwashed. Congrates on a good trade day. KH
Thank you Kherzfeldt, i m just trying to handle better this lovely system and taking chart help me to learn and practice more

hapipipin
Respect and Honor !
  • #825
  • Aug 18, 2011 10:28am Aug 18, 2011 10:28am
SMBT possible setup on EU and GU coming up, but i don t trust a lot the last period of London open, so i ll wait and stay in the bush just in case !
Respect and Honor !
  • #826
  • Aug 18, 2011 10:37am Aug 18, 2011 10:37am
wow i left a few hours ago and now i see 4 pages passed.. nice activity from you all with chart posts and working together.. it is awesome.
I zipped through the pages and i saw couple of questions from me which will try to answer one at of time in a bit.

SMBT was the setup of the day for most pairs.. since i left the super SMBT where from EU and EJ, just plain out beautiful and looks like most of you got a crack at it.. AU has been great all day consistent and our good friend Klaxon is working that pair to death, lol.. well done everyone.

with this cohesiveness and excitement between you all, it's encouragement for me to stick around longer with you guys for most of the day as i do get lazy especially if i make more than enough by mid day.. so accept my apology and i will be around more.
  • #827
  • Aug 18, 2011 10:43am Aug 18, 2011 10:43am
Quoting Sutts
Hi Guys,

Hope you don't mind me tagging along!

I just took +10 on this GU long trade but not sure if it followed the rules.

I saw this as mildly striking (band not too steep and recent rangy action).

The higher low (double bottom?) followed by decent momentum gave me confidence.

Didn't have the balls to hang on for the top band hit as I don't trust initial reversal moves.

What do you think?
it was a decent shot to take.. since GU was in a rangy mood and you spotted the DB very well.. so not too bad.
  • #828
  • Aug 18, 2011 10:44am Aug 18, 2011 10:44am
Quoting Klaxon
SMBT possible setup on EU and GU coming up, but i don t trust a lot the last period of London open, so i ll wait and stay in the bush just in case !
SMBT EU short just trigered let see how it goes in the last 20 min of london
Respect and Honor !
  • #829
  • Aug 18, 2011 10:45am Aug 18, 2011 10:45am
Quoting Klaxon
SMBT EU short just trigered let see how it goes in the last 20 min of london
just forgot chart
Attached Image (click to enlarge)
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Respect and Honor !
  • #830
  • Aug 18, 2011 10:46am Aug 18, 2011 10:46am
Quoting LuisPrinc
Dean, what kind of setup did you take on EU short ? It was on the lower band, is this a new version of the plan ?

Thanks in advance.
luisP.. welcome to the thread..
i recommend to plz get to know the setups a bit better.. after some study you will see that i used out SMBT setup which the lower band become irrelevant and the LL/HH replaces the usual target or measurement of Band on other setups.
  • #831
  • Aug 18, 2011 10:55am Aug 18, 2011 10:55am
Quoting Klaxon
SMBT EU short just trigered let see how it goes in the last 20 min of london
i decided to get out at BE , as i m not really patient with last 30 min london close
Respect and Honor !
  • #832
  • Aug 18, 2011 10:56am Aug 18, 2011 10:56am
Quoting Klaxon
i decided to get out at BE , as i m not really patient with last 30 min london close
sorry forget chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd short.gif Size: 19 KB
Respect and Honor !
  • #833
  • Aug 18, 2011 10:57am Aug 18, 2011 10:57am
so it s time to sleep for me as i live in canada with -4 gmt shift

see you tomorow

hapipipin
Respect and Honor !
  • #834
  • Aug 18, 2011 11:09am Aug 18, 2011 11:09am
Quoting Sutts
Dean,

Many thanks for the great thread. From what I've read so far the Striking/Mildly Striking definition is based on both PA and the angle of the band.

In the attached chart I see a striking band angle but the PA is very rangy suggesting a possible reversal. I realise that price has to cross the mid band for a SMBT to be considered but if it did - does the prior PA negate the setup please?

And does price have to close above the mid-band or just penetrate for a SMBT? Cheers!
valid concerns and questions.. I will try to give a overall pictrue answer and detail answer to your two question for the benefit of everyone.. (plz make note of this post everyone)

i want everyone to know that we trade based on what we SEE as we keep our options open..
in this case we got a striking looking EJ band which has broken the previous LL headed down and so has the band as a results of the bear move..
so now..
at this point anything could happen.. * it could continue further.. *it could stall or do sideways.. * or it could reverse..
but what do we do..
we simply ambush very relax to see our first setup that fits..
-if its looking to reverse.. well it's got to soften the band with double top show.. so bands mood has to change..
- if its looking to do sideways... than we look to see how much does the band look like as a neutral one..
butttttttttttttt.. base on what has happened recently at the now moment... we got a S band at hand, so we prioritize our anticipation.. which is to look for SBT.. if that don't happen than we go with the SMBT...
now the trick is while we are waiting for this to happen.. we wont look at much of anything else bcz the band is still striking.. so it keeps us safe for making stupid trades out of a blue.. and if the anticipated setups don't happen over some period of time, than its a signal by itself for a of change of momentum, change of pa behavior which will lead to new setups in store for us.

answering your question..
first question..
pa might look range to you bcz its in a Pullback, so this PB could go as far as mid band or upper band which is what we want for a momentum release trade... but if burst the upper band than the story changes and other things could happen.
answering second question..
price has to just penetrated and bounces off on the mid band for the SMBT or SBT.. we want rejection.. so it has to get to it first before it rejects.

I hope its useful and answered your questions.
  • #835
  • Aug 18, 2011 11:19am Aug 18, 2011 11:19am
as i was typing the previous long post banked +15 on the SMBT eu setup..

closing the day for +126.


I check back later on tonight before going go bed otherwise i see you all tomorrow.
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  • #836
  • Aug 18, 2011 11:54am Aug 18, 2011 11:54am
Quoting P.Dean
valid concerns and questions.. I will try to give a overall pictrue answer and detail answer to your two question for the benefit of everyone.. (plz make note of this post everyone)

i want everyone to know that we trade based on what we SEE as we keep our options open..
in this case we got a striking looking EJ band which has broken the previous LL headed down and so has the band as a results of the bear move..
so now..
at this point anything could happen.. * it could continue further.. *it could stall or do sideways.. * or it could reverse..
but...

Thanks for the detailed responses Dean, great stuff.

And a big thank you for being so generous with your time and knowledge, it really means a lot.
  • #837
  • Aug 18, 2011 5:19pm Aug 18, 2011 5:19pm
Hi Dean,

I quick question if I may please.....

I'm trying to get my head around the concept of the neutral band.

I see the way a bullish striking band turns to mildly striking after a big PB and/or DT. When the price then drops below the mid-line and continues, the mid-line flattens out. This I guess is the true NB state.

However, for most of the trades I've seen, by the time price tests the lower band, the mid-line has become at least very mildly striking, making a NBT long trade effectively invalid.

Is this perfectly normal and expected - a big reversal where price has double topped and fallen from the upper band right down to the lower band should NOT be followed by a lower band long - unless price forms a double bottom first to give a MSCT setup?

If my understanding is correct, all NBT trades should be reserved for times when clear ranging PA can be seen to the left and never be considered after a striking band has just rolled over.
Would this thinking be correct?

Hope that makes sense!

Thanks
  • #838
  • Edited 6:11pm Aug 18, 2011 5:34pm | Edited 6:11pm
A couple more potentially neutral bands for discussion....

I think what I'm trying to say is this:

1. Even if the band is temporarily flat as a pancake, unless you see the S/R of a supporting range to the left hand side, a neutral band trade should NOT be considered. So if a bull trend has just reversed down, causing the band to become flat, a neutral trade is invalid at the lower band because there is no supporting range PA to the left (like in image 1 below).

2. If price is at the upper or lower band and you see the S/R of a supporting range to the left hand side, a neutral band trade IS valid, even though the band my be sloping a bit (like in image 2 below).

Thanks
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  • #839
  • Aug 18, 2011 6:32pm Aug 18, 2011 6:32pm
Nice +28 before bed from AU SMBT at open of Asia. Thanks Dean.

Catch you all tomorrow.
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  • #840
  • Aug 19, 2011 2:33am Aug 19, 2011 2:33am
Morning all. First trade of the day for +25.7.
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