PRICE Accordingly | Page 66 | 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

  • #1,301
  • Aug 26, 2011 7:44am Aug 26, 2011 7:44am
Quoting MJurban
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

your short trade is not a SMBT..
you got to first have a STRIKING BAND and you don't have one there.
  • #1,302
  • Aug 26, 2011 7:56am Aug 26, 2011 7:56am
Quoting P.Dean
your short trade is not a SMBT..
you got to first have a STRIKING BAND and you don't have one there.
ok i see, thank you for answer
my question: on the atached chrt, was there any short entry during the last down move?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-3490.gif Size: 29 KB
  • #1,303
  • Edited 8:26am Aug 26, 2011 8:15am | Edited 8:26am
Quoting MJurban
ok i see, thank you for answer
my question: on the atached chrt, was there any short entry during the last down move?
EU MSCT trade I think....

Edit: Sorry MJurban. This wasn't an answer to your question. I just hit your quote button instead of the Post Reply to create my own post.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5m.jpg Size: 85 KB
  • #1,304
  • Aug 26, 2011 8:18am Aug 26, 2011 8:18am
no, but EU is currently setting up for a possible SMBT or SBT short

Quoting MJurban
ok i see, thank you for answer
my question: on the atached chrt, was there any short entry during the last down move?
  • #1,305
  • Aug 26, 2011 8:24am Aug 26, 2011 8:24am
Quoting jmw1970
no, but EU is currently setting up for a possible SMBT or SBT short
thanks, i be there when it happens
  • #1,306
  • Aug 26, 2011 8:44am Aug 26, 2011 8:44am
I think this is an example if your ahead early in the game its gives you the gonads to stay in a trade in case of big move. As you can see, I bailed on the first hesitation of the price being rejected at the mid band.....
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5m.jpg Size: 77 KB
  • #1,307
  • Aug 26, 2011 9:01am Aug 26, 2011 9:01am
Short EJ.......
Attached Image (click to enlarge)
Click to Enlarge Name: ej 5m.jpg Size: 83 KB
  • #1,308
  • Aug 26, 2011 9:06am Aug 26, 2011 9:06am
Quoting TokyoDrifter
I think this is an example if your ahead early in the game its gives you the gonads to stay in a trade in case of big move. As you can see, I bailed on the first hesitation of the price being rejected at the mid band.....
Hi TD,
what setup was this? bounced off the lower TMA line in a striking band?
The strike was a downtrend ?
  • #1,309
  • Aug 26, 2011 9:18am Aug 26, 2011 9:18am
Quoting MJurban
Hi TD,
what setup was this? bounced off the lower TMA line in a striking band?
The strike was a downtrend ?
Basically, I seen the setup as a MSCT or just CT. The price was stalling at the 4390 area. When the retracement bar gave the signal I setup my trade for the ambush on the next candle. As you can see, I am still trying feel my around with the system.
  • #1,310
  • Aug 26, 2011 9:22am Aug 26, 2011 9:22am
OK. I eeked +18pips out the day and now off for a bit of night life. Hope you all have a wonderful weekend and look forward to seeing everyone here again on Monday.
  • #1,311
  • Aug 26, 2011 9:23am Aug 26, 2011 9:23am
Quoting TokyoDrifter
Basically, I seen the setup as a MSCT or just CT. The price was stalling at the 4390 area. When the retracement bar gave the signal I setup my trade for the ambush on the next candle. As you can see, I am still trying feel my around with the system.
i have a bit problem with the midline, NB MS or SB,
Maybe over the weeckend i have some time playing with the Strategie Tester to get a better feeling
  • #1,312
  • Aug 26, 2011 9:29am Aug 26, 2011 9:29am
EU is a bitch to trade today. Friday and news and rumors make it hard to follow.
Now eu is striking down with a big Momentum impulsive move , the correction is at 50% , so maybe we get another short signal soon
  • #1,313
  • Aug 26, 2011 6:13pm Aug 26, 2011 6:13pm
Quoting MJurban
i have a bit problem with the midline, NB MS or SB,
Maybe over the weeckend i have some time playing with the Strategie Tester to get a better feeling
Me too. I book marked PD's basic trading plan #23 (http://www.forexfactory.com/showthread.php?p=4818711#post4818711) , #25 (http://www.forexfactory.com/showthread.php?p=4818758#post4818758) , #26 (http://www.forexfactory.com/showthread.php?p=4818785#post4818785) and summary #29 (http://www.forexfactory.com/showthread.php?p=4818857#post4818857) . Gonna stare at the Strat tester for a few hours in attempt to burn some setup reco into my melon.
  • #1,314
  • Aug 27, 2011 6:43am Aug 27, 2011 6:43am
Quoting TokyoDrifter
Me too. I book marked PD's basic trading plan #23 (http://www.forexfactory.com/showthread.php?p=4818711#post4818711) , #25 (http://www.forexfactory.com/showthread.php?p=4818758#post4818758) , #26 (http://www.forexfactory.com/showthread.php?p=4818785#post4818785) and summary #29 (http://www.forexfactory.com/showthread.php?p=4818857#post4818857) . Gonna stare at the Strat tester for a few hours in attempt to burn some setup reco into my melon.
TD, thank u for posting the links.
  • #1,315
  • Edited 2:37am Aug 29, 2011 2:28am | Edited 2:37am
Short EU. MSBT I think....
Attached Image (click to enlarge)
Click to Enlarge Name: gu 5m.jpg Size: 106 KB
  • #1,316
  • Aug 29, 2011 2:35am Aug 29, 2011 2:35am
Quoting TokyoDrifter
Short GU. MSBT I think....
GU in my opinion is striking. Correct play is to wait for a pullback to the mid-line or lower band for a Buy with RF support.

---Just noticed your chart is for the EU which is also striking. Trade looks like it paid off for you but it is not correct. A retest back up to the top would soften the angle of the bands. Check out P.Dean post #834 (http://www.forexfactory.com/showthread.php?p=4882062#post4882062)
"Amat Victoria Curam" Victory Loves Preparation
  • #1,317
  • Aug 29, 2011 2:36am Aug 29, 2011 2:36am
Out at the mid band for +10.....
Attached Image (click to enlarge)
Click to Enlarge Name: gu 5m.jpg Size: 77 KB
  • #1,318
  • Aug 29, 2011 2:38am Aug 29, 2011 2:38am
Quoting daytrade5
GU in my opinion is striking. Correct play is to wait for a pullback to the mid-line or lower band for a Buy with RF support.

Sorry my mistake. It was EU not GU. And I think you are correct. Thanks for the feed back.
  • #1,319
  • Edited 8:10pm Aug 29, 2011 3:06am | Edited 8:10pm
Quoting daytrade5
GU in my opinion is striking. Correct play is to wait for a pullback to the mid-line or lower band for a Buy with RF support.

---Just noticed your chart is for the EU which is also striking. Trade looks like it paid off for you but it is not correct. A retest back up to the top would soften the angle of the bands. Check out P.Dean post #834 (http://www.forexfactory.com/showthread.php?p=4882062#post4882062)
Yes, I see it now. Thanks for the link.
  • #1,320
  • Aug 29, 2011 3:41am Aug 29, 2011 3:41am
good morning everyone,

I hope you all had a very nice weekend.. for me it was all tennis as matter of fact I am in another tourney and big quarter final match tonight.

ok..
atm folks market is flat, not much volatility and movement and its Monday morning.. so you could be smart and let the game come to you instead of forcing trades.. wait for some movement and start your day/week with more probability trade such as SBT or SMBT..

anyways this is what i do..
0 traders viewing now