PRICE Accordingly | Page 45 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

House price data price action 1 reply

Why closing price is not the same as opening price? 1 reply

Price on charts vs. Bid and Ask price 1 reply

differences between chart price and trading price 2 replies

Attachments: PRICE Accordingly
Exit Attachments

PRICE Accordingly

  • #881
  • Aug 19, 2011 4:25am Aug 19, 2011 4:25am
Quoting Klaxon
Hello WBR why you don t agree with DT ? cause DT with NBT is not part of the rules ?
I think WBR was saying it wasn't an immediate double top - I see the prior double top in support of the NBT play which gives strength to the setup IMO.

We could be seeing a fresh DT on AU right now.
  • #882
  • Aug 19, 2011 4:26am Aug 19, 2011 4:26am
Quoting Klaxon
pending in place
AU NBT another pending remove
Respect and Honor !
  • #883
  • Aug 19, 2011 4:27am Aug 19, 2011 4:27am
Quoting Klaxon
AU NBT another pending remove
Annoying isn't it?!
  • #884
  • Aug 19, 2011 4:28am Aug 19, 2011 4:28am
if you look at all P.Dean's posts where he has a DT/DB they all share the same characteristic

it makes a bottom/top then there is a few candles retrace, then it makes the same bottom/top, two candles next to each other which make the same bottom/top are not in there, otherwise there would be DB/DT's all over the place (although I can see in the 5 candles that make the number 3 there could be a case for a DB, just not what I would call Angelina Jolie's bottom)

the previous bottom/top should be in the recent PA (ie. not 6 hours ago), but not on the very next candle (IMHO)


Quoting Sutts
I was looking at that little double bottom where your number 3 is. Still learning though so could be way off!
  • #885
  • Aug 19, 2011 4:28am Aug 19, 2011 4:28am
:nerd:

nope, can't find it! if there were a pair of boobs on my chart maybe i was missing something but i thinks there is not

if your first top is the one we had 20 candles ago i don't consider that a double top because that top was done on another swing. the way i see them a DT or DB has to be made on the same swing. for instance right now we could be making one: bulls took it (AU) to 1.0370 area, came back some and are giving it another try. if they fail there is room down as they will need to unload the positions (short) that got in there to give it another go. or they just break higher because bears were just weak there.

green pips

Quoting Klaxon
Hello WBR why you don t agree with DT ? cause DT with NBT is not part of the rules ?
dreams do come true.
  • #886
  • Aug 19, 2011 4:29am Aug 19, 2011 4:29am
Quoting Klaxon
AU NBT another pending remove
quietly waiting in the tall grass...
"Amat Victoria Curam" Victory Loves Preparation
  • #887
  • Aug 19, 2011 4:30am Aug 19, 2011 4:30am
Great explanation. if i knew you were writting it i'd save myself the trouble.

besides, i think its even clearer than mine LOL



green pips J

Quoting jmw1970
if you look at all P.Dean's posts where he has a DT/DB they all share the same characteristic

it makes a bottom/top then there is a few candles retrace, then it makes the same bottom/top, two candles next to each other which make the same bottom/top are not in there, otherwise there would be DB/DT's all over the place

the previous bottom/top should be in the recent PA (ie. not 6 hours ago), but not on the very next candle (IMHO)
dreams do come true.
  • #888
  • Aug 19, 2011 4:30am Aug 19, 2011 4:30am
AU short
dreams do come true.
  • #889
  • Aug 19, 2011 4:36am Aug 19, 2011 4:36am
Quoting jmw1970
if you look at all P.Dean's posts where he has a DT/DB they all share the same characteristic

it makes a bottom/top then there is a few candles retrace, then it makes the same bottom/top, two candles next to each other which make the same bottom/top are not in there, otherwise there would be DB/DT's all over the place (although I can see in the 5 candles that make the number 3 there could be a case for a DB, just not what I would call Angelina Jolie's bottom)

the previous bottom/top should be in the recent PA (ie. not 6 hours ago), but not on...

This is the DB I was referrring to JMW. Not a great one but it is there I think.
Attached Image (click to enlarge)
Click to Enlarge Name: Q8.GIF Size: 19 KB
  • #890
  • Aug 19, 2011 4:38am Aug 19, 2011 4:38am
yep I saw it, I just didn't class it as Angelina's bottom - LOL (her top is not bad either)


Quoting Sutts
This is the DB I was referrring to JMW. Not a great one but it is there I think.
  • #891
  • Aug 19, 2011 4:40am Aug 19, 2011 4:40am
Quoting wannaberich
:nerd:

nope, can't find it! if there were a pair of boobs on my chart maybe i was missing something but i thinks there is not

if your first top is the one we had 20 candles ago i don't consider that a double top because that top was done on another swing. the way i see them a DT or DB has to be made on the same swing. for instance right now we could be making one: bulls took it (AU) to 1.0370 area, came back some and are giving it another try. if they fail there is room down as they will need to unload the positions (short) that got in there...

I agree the DT is old and not relevant to that setup. However, the setup was an NBT so....

1. NBT setups don't need a DT/DB to be validated.
2. I believe NBT setups need support from prior ranging action S/R around the outer band area. This previous DT provided this.

Just my 2c
  • #892
  • Aug 19, 2011 4:40am Aug 19, 2011 4:40am
Quoting jmw1970
yep I saw it, I just didn't class it as Angelina's bottom - LOL (her top is not bad either)

LOL
  • #893
  • Aug 19, 2011 4:43am Aug 19, 2011 4:43am
as i said in the my first post i agree with the NBT and was ready to take it. just didn't see the DT there.

ready for a MSCT on the EJ?

Quoting Sutts
I agree the DT is old and not relevant to that setup. However, the setup was an NBT so....

1. NBT setups don't need a DT/DB to be validated.
2. I believe NBT setups need support from prior ranging action S/R around the outer band area. This previous DT provided this.

Just my 2c
dreams do come true.
  • #894
  • Aug 19, 2011 4:46am Aug 19, 2011 4:46am
This is just my take on trading this method and is based purely on my own risk aversion

there are a total of 5 setup's to trade, and I list them in my order of preference

SBT, SMBT, MSCT, MSBT, NBT

for me I will take a SBT and SMBT without hesitation - all day long

for the other 3 entries, I am much more picky, there are far more of these signals during the day and for me they need to have several things going for them for me to take them, yes this means that I can potentially miss a lot of trades, but likewise I also miss a lot of the "busted" trades.

(Although sometimes when I don't have my "forex" glasses on, I can get a bit gung-ho with the last 3 entry methods)
  • #895
  • Edited 5:06am Aug 19, 2011 4:56am | Edited 5:06am
Quoting wannaberich

ready for a MSCT on the EJ?
Yep, order pending.

Out for -2.2

Don't like the hesitation around prior swing high
  • #896
  • Aug 19, 2011 4:59am Aug 19, 2011 4:59am
also amboushing a MSBT on the GU, if it comes.

Quoting Sutts
Yep, order pending.
dreams do come true.
  • #897
  • Aug 19, 2011 5:02am Aug 19, 2011 5:02am
Quoting wannaberich
also amboushing a MSBT on the GU, if it comes.
Yes, same on EU.
  • #898
  • Aug 19, 2011 5:04am Aug 19, 2011 5:04am
but the crystal ball says we won't get that far down. let's see if the crystal ball still has batteries...

Quoting Sutts
Yes, same on EU.
dreams do come true.
  • #899
  • Aug 19, 2011 5:10am Aug 19, 2011 5:10am
Quoting wannaberich
but the crystal ball says we won't get that far down. let's see if the crystal ball still has batteries...

Order set for mid-line bounce on EU.
  • #900
  • Aug 19, 2011 5:12am Aug 19, 2011 5:12am
Anyone still in EJ short? I jumped for -2.2.
0 traders viewing now