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  • #1,181
  • Aug 24, 2011 10:06am Aug 24, 2011 10:06am
here is a perfect example (of my previous post)

price stalled at the lower 15m TMA line on EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-2011.08.24-15.5-5m.gif Size: 27 KB
  • #1,182
  • Aug 24, 2011 10:08am Aug 24, 2011 10:08am
guys i am having a pretty awesome day even though i start mid London session, luckily the signals started flowing as i started to monitor..
prior to the GU trade i was up for about +90..

now question..

who can tell me what was the reason for my extra hold for bigger profit on the GU trade?
  • #1,183
  • Aug 24, 2011 10:11am Aug 24, 2011 10:11am
did you hold because even at the hesitation at the LL the CCI was still signalling heavily down?? (this is something I have been thinking of incorporating as to when to hold and when to fold)

or was it because the 2 hesitation bars had next to no body, almost doji like

Quoting P.Dean
guys i am having a pretty awesome day even though i start mid London session, luckily the signals started flowing as i started to monitor..
prior to the GU trade i was up for about +90..

now question..

who can tell me what was the reason for my extra hold for bigger profit on the GU trade?
  • #1,184
  • Aug 24, 2011 10:14am Aug 24, 2011 10:14am
Quoting jmw1970
did you hold because even at the hesitation at the LL the CCI was still signalling heavily down?? (this is something I have been thinking of incorporating as to when to hold and when to fold)

CCi is the last and least on my mind when i got my set of eyes as a much better and reliable tools..

but my set of eyes was not the reason either..

thanks for taking a shot though john.
  • #1,185
  • Aug 24, 2011 10:14am Aug 24, 2011 10:14am
Quoting P.Dean
out for a cool +50.. thanks to the strong break of the LL after some hesitation but it was worth the hold..
wow pretty nice trade Dean, you just reminded me who runs the house here

Anyway other notes to take in my trading book about how to stay longer in my trades, my next step before thinking mastered this system

hapipipin
Respect and Honor !
  • #1,186
  • Aug 24, 2011 10:16am Aug 24, 2011 10:16am
did you see my edit about the doji's - was that it?

Quoting P.Dean
CCi is the last and least on my mind when i got my set of eyes as a much better and reliable tools..

but my set of eyes was not the reason either..

thanks for taking a shot though john.
  • #1,187
  • Aug 24, 2011 10:16am Aug 24, 2011 10:16am
just a hint..
guys when i ask questions... it really means that i am about to open something really useful for you to count as a major tip.. the more you get involve the better for you.
  • #1,188
  • Aug 24, 2011 10:20am Aug 24, 2011 10:20am
Quoting P.Dean
just a hint..
guys when i ask questions... it really means that i am about to open something really useful for you to count as a major tip.. the more you get involve the better for you.

I tough the John answer was the reason
Respect and Honor !
  • #1,189
  • Aug 24, 2011 10:22am Aug 24, 2011 10:22am
Quoting P.Dean
just a hint..
guys when i ask questions... it really means that i am about to open something really useful for you to count as a major tip.. the more you get involve the better for you.
Is it something to do with major supp at 6425 ?
Respect and Honor !
  • #1,190
  • Aug 24, 2011 10:23am Aug 24, 2011 10:23am
Quoting jmw1970
did you see my edit about the doji's - was that it?

no i did not see it John..

but the doji is not the reason bcz to me candle formation don't mean much in 5tf.. but i can say it helps when you see such weak ass doji instead of a major bounce full body candle..
however if I wait for 10 minutes for the break to happen it can easily and quickly turn that doji into big reverse candle so i still have left myself at risk..

hint for everyone..
my question is more... what gave me the courage to give the necessary time and not care to exchange my +26 for lets say 10 or less besides just the X's and O's consideration..
  • #1,191
  • Aug 24, 2011 10:24am Aug 24, 2011 10:24am
Quoting Klaxon
Is it something to do with major supp at 6425 ?
s/r are meant to be broken at some point and time.. so I sure as hell won't try to time that.. so NO.

thanks for getting involve...
  • #1,192
  • Aug 24, 2011 10:28am Aug 24, 2011 10:28am
Quoting P.Dean
s/r a meant to be broken at some point and time.. so I sure as hell won't try to time that.. so NO.

thanks for getting involve...
the pretty good angle of the band at this moment ?
Respect and Honor !
  • #1,193
  • Aug 24, 2011 10:29am Aug 24, 2011 10:29am
is it because up to that point you had already banked +90

I remember you saying in one post earlier that once you have some wins under your belt you let things play out longer
  • #1,194
  • Aug 24, 2011 10:31am Aug 24, 2011 10:31am
Quoting Klaxon
the pretty good angle of the band at this moment ?
it can be a help to take the trade with more confidence but for exit not really.. it can bounce on a flash.. trend or swings can end on a flash at will..

hint for everyone...
its not about tech stuff..

Daily M!!!... rings a bell maybe
  • #1,195
  • Aug 24, 2011 10:33am Aug 24, 2011 10:33am
Quoting jmw1970
is it because up to that point you had already banked +90

I remember you saying in one post earlier that once you have some wins under your belt you let things play out longer

BINGO.... well done John..

Daily Management..

I explain in the next post..
  • #1,196
  • Aug 24, 2011 10:34am Aug 24, 2011 10:34am
Quoting jmw1970
is it because up to that point you had already banked +90

I remember you saying in one post earlier that once you have some wins under your belt you let things play out longer
i tough about that too but if Dean made 50 pips on this one it means he was at 40 pips banked before that trade
Respect and Honor !
  • #1,197
  • Aug 24, 2011 10:36am Aug 24, 2011 10:36am
Well I,m slow but hopfully will get up to speed, I missed a lot here. I was hoping after market cools down, maybe some on with experiance can explain nuetral, mildly striking, striking as they see it. what I have been doing is nuetral TMA slope =0 to 10, Mild Slope 10 to 35, striking 35+. Also double tops on 5 minutes should they be even within a few pips? Once I'm more comfortable I will post my charts. this system definently keeps one busy. Sonny
  • #1,198
  • Aug 24, 2011 10:37am Aug 24, 2011 10:37am
from my understanding he was up 90 BEFORE the GU trade pips

Quoting P.Dean
prior to the GU trade i was up for about +90..
  • #1,199
  • Aug 24, 2011 10:41am Aug 24, 2011 10:41am
Quoting jmw1970
from my understanding he was up 90 BEFORE the GU trade pips

Yes you was right Sir
Respect and Honor !
  • #1,200
  • Aug 24, 2011 10:41am Aug 24, 2011 10:41am
Hi Pipsy

the values help, but are not always correct, especially in fast moving PA,

I tend to use a combination of the values as well as where the candles were in relation to the bands, so if in the recent move most of the candles were outside the band then I consider that to be striking regardless of what the value is (as it can take a while to catch up to the pa)

likewise if most of the candles were in the band, but mainly concentrated in one quadrant ie, above the mid-line or below it, I consider that to be more indicative of mildly striking

neutral is pretty obvious

EDIT: Sorry - forgot to say congratulations on the 10pips

Just my take,
Regards, John

Quoting PipsyRussell
Well I,m slow but hopfully will get up to speed, I missed a lot here. I was hoping after market cools down, maybe some on with experiance can explain nuetral, mildly striking, striking as they see it. what I have been doing is nuetral TMA slope =0 to 10, Mild Slope 10 to 35, striking 35+. Also double tops on 5 minutes should they be even within a few pips? Once I'm more comfortable I will post my charts. this system definently keeps one busy. Sonny
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