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  • #901
  • Aug 19, 2011 5:16am Aug 19, 2011 5:16am
Mid bounce trades are only valid (according to PD and his system) on a Striking Band. Mild Striking band only "allow" bounce trades and not mid-bounce trades.

not an expert on this system as i am here learning but i trust PD experience with it soooooo.... nope, not taking that one.



Quoting Sutts
Order set for mid-line bounce on EU.
dreams do come true.
  • #902
  • Aug 19, 2011 5:18am Aug 19, 2011 5:18am
aiming at 15 pips. unless mr. mom comes at 109.25


Quoting Sutts
Anyone still in EJ short? I jumped for -2.2.
dreams do come true.
  • #903
  • Aug 19, 2011 5:23am Aug 19, 2011 5:23am
Quoting wannaberich
Mid bounce trades are only valid (according to PD and his system) on a Striking Band. Mild Striking band only "allow" bounce trades and not mid-bounce trades.

not an expert on this system as i am here learning but i trust PD experience with it soooooo.... nope, not taking that one.


Ahh, thank WBR, I missed that important detail.
  • #904
  • Aug 19, 2011 5:24am Aug 19, 2011 5:24am
Quoting wannaberich
Mid bounce trades are only valid (according to PD and his system) on a Striking Band. Mild Striking band only "allow" bounce trades and not mid-bounce trades.

not an expert on this system as i am here learning but i trust PD experience with it soooooo.... nope, not taking that one.


Ahh, thanks WBR, I missed that important detail.
  • #905
  • Aug 19, 2011 5:38am Aug 19, 2011 5:38am
looking for MSBT on GU.pending set.
dreams do come true.
  • #906
  • Aug 19, 2011 5:40am Aug 19, 2011 5:40am
Quoting wannaberich
looking for MSBT on GU.pending set.

Well done WBR, shame it didn't follow through.

I see GU as turning neutral now?

Difficult morning for sure.
  • #907
  • Aug 19, 2011 5:41am Aug 19, 2011 5:41am
that would make it a NBT trade. still valid.


Quoting Sutts
Well done WBR, shame it didn't follow through.

I see GU as turning neutral now?

Difficult morning for sure.
dreams do come true.
  • #908
  • Aug 19, 2011 5:44am Aug 19, 2011 5:44am
Quoting wannaberich
that would make it a NBT trade. still valid.

I posted Dean last night about this very issue..... is an NBT really valid immediately after a strong reversal like this? I feel much more comfortable taking NBTs when the PA range to the left roughly matches the outer bands.

Hope to get some feedback on that one.

EDIT: if this now DBs then I'd feel better taking the MSCT
  • #909
  • Aug 19, 2011 5:47am Aug 19, 2011 5:47am
i consider it a MSBT. the band might be flat but the market is choppy. hence the Mild striking scenario on my view.

Quoting Sutts
I posted Dean last night about this very issue..... is an NBT really valid immediately after a strong reversal like this? I feel much more comfortable taking NBTs when the PA range to the left roughly matches the outer bands.

Hope to get some feedback on that one.
dreams do come true.
  • #910
  • Aug 19, 2011 5:48am Aug 19, 2011 5:48am
First loss in 4 days, SMBT EU long closed at -11.4
Respect and Honor !
  • #911
  • Aug 19, 2011 5:49am Aug 19, 2011 5:49am
was that entry really "with the rules"?

EDIT: don't see the market as striking when EU hit the mid...

Quoting Klaxon
First loss in 4 days, SMBT EU long closed at -11.4
dreams do come true.
  • #912
  • Aug 19, 2011 5:50am Aug 19, 2011 5:50am
Took this MSCT on the AU. Did this same trade yesterday and got burned so we'll see.....I agree it's been difficult to get any signals

Barry
Attached Image (click to enlarge)
Click to Enlarge Name: au db.gif Size: 29 KB
Barry
  • #913
  • Aug 19, 2011 5:52am Aug 19, 2011 5:52am
Quoting Klaxon
First loss in 4 days, SMBT EU long closed at -11.4
sorry forgot chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd short.gif Size: 23 KB
Respect and Honor !
  • #914
  • Aug 19, 2011 5:53am Aug 19, 2011 5:53am
that one (IMHO) is within the rules... but...

Quoting Bary
Took this MSCT on the AU. Did this same trade yesterday and got burned so we'll see.....I agree it's been difficult to get any signals

Barry
dreams do come true.
  • #915
  • Aug 19, 2011 6:00am Aug 19, 2011 6:00am
Quoting Klaxon
sorry forgot chart
The band looked pretty flat at the point you entered Klaxon. But if this is your first loss then wow.
  • #916
  • Aug 19, 2011 6:04am Aug 19, 2011 6:04am
(wishfull thinking LOL)

in the MSBT in GU.

we didn't quite touch the lower band for a pip or so. and i had a "retry" down that looked scary (almost took my SL positioned below last low).

let's see what it brings.
dreams do come true.
  • #917
  • Aug 19, 2011 6:06am Aug 19, 2011 6:06am
Quoting Sutts
The band looked pretty flat at the point you entered Klaxon. But if this is your first loss then wow.
Yes your right Sutts, i take a note on this one
Respect and Honor !
  • #918
  • Aug 19, 2011 6:07am Aug 19, 2011 6:07am
wow did someone has taken the EU EJ SMBT ? I did not
Respect and Honor !
  • #919
  • Aug 19, 2011 6:09am Aug 19, 2011 6:09am
SMBT? still you see EU and EJ as striking?



Quoting Klaxon
wow did someone has taken the EU EJ SMBT ? I did not
dreams do come true.
  • #920
  • Aug 19, 2011 6:12am Aug 19, 2011 6:12am
Quoting Klaxon
wow did someone has taken the EU EJ SMBT ? I did not
I'm still learning but neither the EU or EJ look striking to me IMHO. Also, once the price goes that far past the Mid band is it still a valid mid band trade?

Barry
Barry
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