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  • #1,281
  • Aug 26, 2011 3:03am Aug 26, 2011 3:03am
Quoting MJurban
hello PD and all the comunity,
i trade PA too, more m15 but also a little m5.
I am very intresting in the alarm of your RF Indicator cause i miss a lot of good entries and the early alert could help me a lot.

I am still reading the thread, not finished by now.
Please allow me one question , the aktual situation in EURUSD
For me its Striking Band, midline is blue
In the doc file it says " does that mean no trade price bouncing off the upper TMA line like i dit this morning ?

so the trade this mornig was not by the rules?
by the way it was...
That's correct, your trade is not by the rules for this method. No longs off the upper band
Barry
  • #1,282
  • Aug 26, 2011 3:06am Aug 26, 2011 3:06am
Quoting Bary
That's correct, your trade is not by the rules for this method. No longs off the upper band

thank u
  • #1,283
  • Aug 26, 2011 3:12am Aug 26, 2011 3:12am
Quoting MJurban
hello PD and all the comunity,
i trade PA too, more m15 but also a little m5.
I am very intresting in the alarm of your RF Indicator cause i miss a lot of good entries and the early alert could help me a lot.

I am still reading the thread, not finished by now.
Please allow me one question , the aktual situation in EURUSD
For me its Striking Band, midline is blue
In the doc file it says " does that mean no trade price bouncing off the upper TMA line like i dit this morning ?

so the trade this mornig was not by the rules?
by the way it was...
yes this trade is wrong.. you don't go long from bounce of the upper band.

the main core of this style of trading is to Price accordingly = spotting Over Bought and Over Sold Price and bet the opposite of it..
now if the band is Neutral you go short off the bounce of the upper band and going long of the lower band..
if you got a striking band.. this is where you wait for the price to Pullback and then to take a shot from the top of the PB for the resume on the given direction..
to discipline to the executions we got some last minute details to pay attention to for reducing the chance of falling into fake outs.. such as: RF confirmation.. distance to lower band on NBT or LL/HH on SBT or SMBT.. correct set of pending orders.. double check on the ANGELE of the band..

i hope this post helps you old friend.. this is a little different than the Breakout 15/5m system that your used to .. this is much more advance as your getting in from much earlier spot to bank before the breakout or test yours skill to catch the break out from the top as a free trade.. the philosophy is based on spotting PA's OB/OS and not When and IF it breaks out.
  • #1,284
  • Edited 3:40am Aug 26, 2011 3:16am | Edited 3:40am
short on GU live, SMBT setup..

not a very strong striking band.. lets see what happens.. this has been the most decent and maybe first crack at the PA that i could see.


edit... -20.. yessssssssssss.. thats what i get for predicting bs atta of my ass..
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  • #1,285
  • Aug 26, 2011 3:27am Aug 26, 2011 3:27am
stay alert and keep eye on EU and AU for possible short setup.. PA is hinting for a drop..

holding my ground on GU trade..
  • #1,286
  • Aug 26, 2011 3:33am Aug 26, 2011 3:33am
Quoting P.Dean
yes this trade is wrong.. you don't go long from bounce of the upper band.

the main core of this style of trading is to Price accordingly = spotting Over Bought and Over Sold Price and bet the opposite of it..
now if the band is Neutral you go short off the bounce of the upper band and going long of the lower band..
if you got a striking band.. this is where you wait for the price to Pullback and then to take a shot from the top of the PB for the resume on the given direction..
to discipline to the executions we got some last minute details to...
Thank u for the detailed answer. I see it is a little different thats why i try it on the Demo first.
i am long EU sl = less 15 and tp room enogh for 10 pips
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  • #1,287
  • Aug 26, 2011 3:37am Aug 26, 2011 3:37am
Quoting MJurban
Thank u for the detailed answer. I see it is a little different thats why i try it on the Demo first.
i am long EU sl = less 15 and tp room enogh for 10 pips
by the time i wrote last post, the tp 11 pips was hit
  • #1,288
  • Aug 26, 2011 3:54am Aug 26, 2011 3:54am
Short EU....
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  • #1,289
  • Aug 26, 2011 4:02am Aug 26, 2011 4:02am
Quoting TokyoDrifter
Short EU....
Hi TD,
i am alos short eu.
The midline is still blue , sao what happens now if RF gives signal for lon?
do we reverse the trade to long?
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  • #1,290
  • Aug 26, 2011 4:09am Aug 26, 2011 4:09am
Quoting TokyoDrifter
Short EU....
Out -15pips.
  • #1,291
  • Aug 26, 2011 4:15am Aug 26, 2011 4:15am
Quoting MJurban
Hi TD,
i am alos short eu.
The midline is still blue , sao what happens now if RF gives signal for lon?
do we reverse the trade to long?
Hi MJurban,

You might want to direct your questions to PD. I am still trying to learn this myself. As for the EU trade. Obviously a better setup was to look for the long of the mid band bounce towards the trend. My trade was a bit impulsive. Will try to do better next time.
  • #1,292
  • Aug 26, 2011 4:15am Aug 26, 2011 4:15am
Quoting TokyoDrifter
Out -15pips.
me too,
but was this trade OK with the blue midline and the big long momentum?
  • #1,293
  • Aug 26, 2011 4:20am Aug 26, 2011 4:20am
Quoting MJurban
me too,
but was this trade OK with the blue midline and the big long momentum?
IMO no. Like I said, the trade was a impulsive move on my part. The setup should have been more a MSCT to go short. Still lots to learn in recognizing the high probability setups....
  • #1,294
  • Aug 26, 2011 4:29am Aug 26, 2011 4:29am
I have said many times that to look for recent DT/DB for counter trades..
reaction to the last HH or LL is not count for the immediate DT/DB...
i had a nice counter trade on EJ yesterday (i think or maybe EU) where i live played it.. look at the chart and my explanation about it.
  • #1,295
  • Aug 26, 2011 4:35am Aug 26, 2011 4:35am
Quoting P.Dean
I have said many times that to look for recent DT/DB for counter trades..
reaction to the last HH or LL is not count for the immediate DT/DB...
i had a nice counter trade on EJ yesterday (i think or maybe EU) where i live played it.. look at the chart and my explanation about it.
Yes, that was a perfect CT DP.
  • #1,296
  • Aug 26, 2011 5:03am Aug 26, 2011 5:03am
ok i have posed two charts as i froze the EU's current situation..

we got a MS band at hand.. moving slow, its retracing atm..

so you got two trade setups... the first chart shows you the SBT..
and second chart shows counter trader...

so while your ambushing you got to picture this in your mind as you prioritizing your anticipated possible setup..

I tried to give you all a before hand visual MSCT possible setup.. and it shows you why i look for RECENT DT/DB before i take a position..
-it softens the angel of the band.. which in reality it means a possible higher probability reversal move is in the making..
so its the combo of bands angle and Price action.
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  • #1,297
  • Aug 26, 2011 5:14am Aug 26, 2011 5:14am
ok now the beauty of this style of trading...

as you see we got a retrace down to lower band (the shades)... while you were ambushing for counter which it did not happen yet.. but you find yourself with a possible momentum SBT setup which if it becomes valid, you can take that and be in the direction of the mild trend and give yourself a chance to make a quick scalp trade out of it or if it runs big to catch the possible run from the bottom.. buttttttttt.. if it bounces off the top.. now you got yourself the perfect DT msct setup to go short for scalp and a possible runner for the reversal..

so you see... you always in the mix of things.. but one got to ambush well with patience and truly following the guidelines with passion (the Plan).. if you do it well, at end of the day when you reflect back on your trades and results you will see that it was like you knew what was happening in the feature.. but the fact of the matter is that all you did was following a simple plan based on buying low and selling high as you PRICED ACCORDINGLY..
and then you realize what PD means when he says:
battle must be won before its even fought..
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  • #1,298
  • Aug 26, 2011 5:24am Aug 26, 2011 5:24am
I can give you guys one powerful pointer about counter trade setup (MSCT)... but i have hold back on that bcz i want you all to get to know the setup with your naked eyes and less dependability to really grasp it as you get many practice trade under your belt, and then to reveal it.. it may bring chaos if one its not ready for it.
so why i even mentioned this??.. bcz to let you know about me and how I proceed things and not to keep you in the dark as the learning process is moving forward..
  • #1,299
  • Aug 26, 2011 5:37am Aug 26, 2011 5:37am
Quoting P.Dean
I can give you guys one powerful pointer about counter trade setup (MSCT)... but i have hold back on that bcz i want you all to get to know the setup with your naked eyes and less dependability to really grasp it as you get many practice trade under your belt, and then to reveal it.. it may bring chaos if one its not ready for it.
so why i even mentioned this??.. bcz to let you know about me and how I proceed things and not to keep you in the dark as the learning process is moving forward..
Thanks PD. I am sitting on the bench soaking it in. Meaning I am Keeping my fingers off the clicker for now.
  • #1,300
  • Aug 26, 2011 6:28am Aug 26, 2011 6:28am
i had 2 more trades,
long from the lower TMA but entry to late cause : no confidence
closed caus 50% retracement reached and price stalled
short from the mid line = 50% retrace from the last downswing
i dont know if this 2. trade was valid. The spread on the demo is larger then with my real account. only 0.9 pips there thats why i enter earlier on the short setup
I think the short was an SMBT
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