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  • #981
  • Aug 19, 2011 10:15am Aug 19, 2011 10:15am
so back to ambushing to spotting a trade setup..

we are seeing a more serious PB.. so our site is at SBT first than SMBT.. anyhow the cross of the midband is a must.. than to reach the lower band.. if it shorted of that than the cross back of the midband with rf signal and all last minute confirmation inline than we got a trade..

most mature of all pairs for such setups is the GU at the moment.. others are just crossing the midband..
  • #982
  • Aug 19, 2011 10:17am Aug 19, 2011 10:17am
Quoting P.Dean
as you all see my chart... the gray box is where my trading hours are.. and its approaching the end time now.. so if i see a exhausted pa like what we are witnessing on eu where it has made a 200 pips move already and and the last burst was for 160.. than i might let go of it and not trade it... if i have traded all day and I am up decent or a good amount of profit, than i let go of the last hour..
so i use good solid daily management as well as technical aspects when i reach the end hours.
trading is too vast to put a square box around it.....

Thank you very much Dean for taking the time to answer my question

hapipipin
Respect and Honor !
  • #983
  • Aug 19, 2011 10:23am Aug 19, 2011 10:23am
OK friends, I am off for the day. Made +60 pips today, so a very good trading day for me.

Enjoy your weekend and trade safe. See you on Monday

Cheers
Vicky
Fall seven times, stand up Eight! #GGMU
  • #984
  • Aug 19, 2011 10:25am Aug 19, 2011 10:25am
Quoting P.Dean
preferably between 15 to 25... and not much more than 25.. unless the setup looks very very good...
ej dosen't since the PB was just on one flash of 50 pips drop.. so it may drop to test the LL one more time before taking off for bull.. but who knows.. i just stick to rules of my RR and money management.. sl over 30 on such setup is way too much.. there are far better setups soon around the corner no need to force one.

now no worries.. it all comes with experience and screen time... before you know it you will see and feel things...
look at the Ej charts guys and read the red part...

now did i have a crystal ball to know this!!! hell no..
i just stuck to my plan... and when you do that good things may happen.. at worst i would have lost on a profitable trade.. but i would not had get hurt or agonized as not getting involved on a HIGH RISK trade setup since there are plenty more decent one, more suitable one, right around the corner.
  • #985
  • Aug 19, 2011 10:28am Aug 19, 2011 10:28am
Quoting vickym
OK friends, I am off for the day. Made +60 pips today, so a very good trading day for me.

Enjoy your weekend and trade safe. See you on Monday

Cheers
Vicky
well done vicky.. this is a monster result for such daily PA.

have nice weekend too.
  • #986
  • Aug 19, 2011 10:46am Aug 19, 2011 10:46am
sorry it gave me no time to live trade this.. but it was a good valid SBT setup as i normally take the money and run when i got such wide band as i expect a midband hesitation which could be possible block for a reversal or major stall time.. so i take my chunk on the impulse move especially this late in my trading hours..
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  • #987
  • Aug 19, 2011 10:50am Aug 19, 2011 10:50am
this EJ setup trade is a good example of how each pair reacts differently...
we are presented pretty much with the same scenario on all pairs but ej was the most valid and sling shooted to the top.. as other pairs my not even fully qualify for the setup even though the charts situation looks pretty much alike.

treat each pairs for their own..
  • #988
  • Aug 19, 2011 10:51am Aug 19, 2011 10:51am
I missed that one , could have got my loss back.

I have orders on UCAD & EU now
  • #989
  • Aug 19, 2011 11:03am Aug 19, 2011 11:03am
Quoting Arnold49
I missed that one , could have got my loss back.

I have orders on UCAD & EU now
arnold.. i would reject the EU GU signals since the damn PB is just too long and affirmatively strong.. but the signal is valid.. it's just that at this hour with that PA there are better ones..
cad is fine.. au in fine..
  • #990
  • Aug 19, 2011 11:05am Aug 19, 2011 11:05am
Awesome.
I realize I have much to learn from you.

No trading before Tuesday, have to work on Monday.
But this weekend I will study your technique.

Have a nice weekend.


Quoting P.Dean
sorry it gave me no time to live trade this.. but it was a good valid SBT setup as i normally take the money and run when i got such wide band as i expect a midband hesitation which could be possible block for a reversal or major stall time.. so i take my chunk on the impulse move especially this late in my trading hours..
  • #991
  • Aug 19, 2011 11:17am Aug 19, 2011 11:17am
ok folks..
i am done.. i hope you found the last a few hours useful as we walked through couple of trades together.

I intend to be around much more next week to make more profit.

have a great weekend everyone.



ps) Wannaberich...
my brother, you are more than welcome here anytime..
i just say this and its not a brag or anything, take it as a fact.. Stick with me and I'll make you a star if your not one already, have done it for so many in the past.. someday i may tell you guys all about it, (but it's not important as to what is progressing in here).
anyways, I expect to see you here sharp on Monday, i hope.
  • #992
  • Aug 19, 2011 11:21am Aug 19, 2011 11:21am
well, thanks for today, hopefully next week will be more successful for me.

see you Monday.
  • #993
  • Aug 19, 2011 11:55am Aug 19, 2011 11:55am
hows this working out for you Guys?
  • #994
  • Aug 19, 2011 12:29pm Aug 19, 2011 12:29pm
Quoting P.Dean
ok folks..
i am done.. i hope you found the last a few hours useful as we walked through couple of trades together.

I intend to be around much more next week to make more profit.

have a great weekend everyone.



ps) Wannaberich...
my brother, you are more than welcome here anytime..
i just say this and its not a brag or anything, take it as a fact.. Stick with me and I'll make you a star if your not one already, have done it for so many in the past.. someday i may tell you guys all about it, (but it's not important as to what is progressing...


Dean,
Shame I got called away and missed all the nice action and your input in
the last few hours. I've been through all your trades so nothing wasted.

Thanks again for your time this week Dean, you're a true star.

Hope to catch you London open or before!

Cheers,

Dave
  • #995
  • Aug 20, 2011 2:09am Aug 20, 2011 2:09am
Quoting P.Dean
Hi c.trader,

I went for 8-2 yesterday for over 100pips.. and the end results is all it matters at end of the days battle.. and yes lost -6 pips on that particular trade.
I love your honest!
and I just think it keep you too busy to post every trade during the trade! it's much better if you can link your account to FF's trade explorer, or just start a new account and link it to FF trade explorer. you can click my name to see what is trade explorer. and you can hide the account size if you like. ForexFactory just offer us a great tool to teach and follow a strategy.
after the trade, you can post the screenshots here, and make some comments. then, we will know you exactly trade time and exact enter&exit level. and the overall performance of this system.
because as I read in the first 3 pages, the stop loss is 15-20pips, tp is 10-15 pips. winning rate is 80%. If sl is 20 pips, tp is 10pips, the winning rate would be a little bit low. I need to read more...
  • #996
  • Aug 20, 2011 3:48am Aug 20, 2011 3:48am
Quoting bobowang
I love your honest!
and I just think it keep you too busy to post every trade during the trade! it's much better if you can link your account to FF's trade explorer, or just start a new account and link it to FF trade explorer. you can click my name to see what is trade explorer. and you can hide the account size if you like. ForexFactory just offer us a great tool to teach and follow a strategy.
after the trade, you can post the screenshots here, and make some comments. then, we will know you exactly trade time and exact enter&exit level. and...
I was interested in your trade explorer as you keep making posts about it, but can't see it when I click on your name, do I have to be on your buddy list to see it?
  • #997
  • Edited 4:55am Aug 20, 2011 3:58am | Edited 4:55am
sorry, I set it private before. I haven't noticed it.

now, it's public. check again.
I stopped trading that system. In my opinion, it's a good system(but I need to pay money for it, I don't have time to trade now).

btw, now, I have finished reading first 5 pages. it's so funny that Dean showed 5 live trades and all losing money. I will keep reading...because I love his honest! few people can teach us system while live trading here. Almost all of others just showed a strategy and updated everyday with no live trading results, all pics are from after trading, who knows where he enter and exit exactly. and someone claims he has made 50000% profit without any proof. Is that trustworthy?

and it's better if Dean can link his/her account to FF's trade explorer, then I can know How is going with his/her account at a glance.
  • #998
  • Edited 5:44am Aug 20, 2011 5:26am | Edited 5:44am
Quoting bobowang
I love your honest!
and I just think it keep you too busy to post every trade during the trade! it's much better if you can link your account to FF's trade explorer, or just start a new account and link it to FF trade explorer. you can click my name to see what is trade explorer. and you can hide the account size if you like. ForexFactory just offer us a great tool to teach and follow a strategy.
after the trade, you can post the screenshots here, and make some comments. then, we will know you exactly trade time and exact enter&exit level. and...
I am smart enough to know where this kind of post will lead to.. so i will put end to it right from the get go as i see and know the angles.

the answer is a big NO.. i can care or less what anyone believe or don't.. i will not in no way or shape link anything about my large live trading account to anything in FF or public for that matter, because i want to sleep fine at night with no worries.
I got nothing to prove.. i do live trades and help people while I do it.. my results are my results and its got nothing to do with how anyone else will end up... results comes with experience and screen time and will vary for everyone based on their own agenda.
all i have done is to show a path based on my own trading Plan.. my help should be good enough just the way it is as the way i wish to do it.. i have never bragged about my results ( i do live trades and have shown losses as well as winners), simply ignore my results.. I have never advertised anything as a hint for a later pay if that's where this might lead to.. and i will go on a record to say:
I will never go commercial.. I will never sell anything.. I will never ask for any kind of money for any of my services... nothing for nothing in any shape or form for a pay.. its all free out of my good will, period. I am loaded and i don't need it.. I can sit in front of my screen and make money at will, bcz i can simply trade like a beast.

I have dedicated my help in this thread for the souls of my late father, a way for me to follow his footstep as giving man that he was, and maybe make him even more proud if my help was found useful to anyone.

however, I do things my way and as i feel comfortable.. i don't like to be told what to do or how to do (normal within the path suggestions are welcomed.. preferably via pm).. and i be honest with you all, i am maybe one those abnormal folk.. lol.. so with that said.. if anyone finds this whole thing interesting and useful, great.. if not.. well change the channel, there are plenty of threads in FF.

please do not clutter the thread with nonsense.. i will not ask you again.

by the way.. i suggest for you to keep on reading.. as i have never said anything about set TP.. tp is open to put one's skill and experience to test for extended profitability.. so your little math there got no logic or grounds.. its ok, bcz you have not read with great attention.


with respect.

Dean
  • #999
  • Aug 20, 2011 6:13am Aug 20, 2011 6:13am
folks,
There are several things that i want to teach people in my thread..
one.. its what your doing at moment, the basic ground work of the plan which is mostly focused on market condition & appropriate play for a better momentum entry..
next will be focusing on better exit for more profit.. the timing of when and where to go for more and when to not and bank the minimum..
I will also show how to do " Daily Management ".. managing your trading day based on many factors which are vital and important part of trading.. managing the day to hit your daily goal or weekly goal is very crucial between being a avg or a wining trader.. I have left this for last.
most everything I do is manual and not solely mechanical as i believe the mix combination of it is necessary for success and so far you have witnessed how i use the tools with PA and not letting one over-rule over the other but to use both logically for better.

so just to not keep you in the dark i found it necessary at this stage of the thread to mentioned the above, as i see more activity eagerness to learn from everyone in the past week or so.. as i see and watch peoples activity and progress i will decide when to up the level and learning progress.
I hope you all are ok with that as I find it the best in order to move from A to B, level A must be fully understood and executed before moving to B.. so with more activity from you and trade chart shows the more i get to know you and your mind process within our plan.

i highly recommend.. if you are already an profitable trader, or have doubt of any sort about this plan/thread, or your simply above it, or dislike anything for any reason.. please ignore this thread.. and only join or continue your progress in here if your fully on my page. thx.


We roll on Monday, i plan to be around for much more time.

Cheers,
  • #1,000
  • Aug 20, 2011 6:49am Aug 20, 2011 6:49am
P. Dean, any chance you could share your trading template?

Cheers
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