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  • #1,541
  • Sep 16, 2011 3:10am Sep 16, 2011 3:10am
Quoting P.Dean
SMBT short on AU live..

out for +18..
quick profit to get me a good ahead start on the day so i can lean on it now to bust the hell out of it for the today..
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  • #1,542
  • Sep 16, 2011 3:38am Sep 16, 2011 3:38am
Quoting P.Dean
text book is a understatement on this one.. lol
Hey, I never said I was literate.
  • #1,543
  • Sep 16, 2011 4:01am Sep 16, 2011 4:01am
Gonna try to ambush the EU.....
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  • #1,544
  • Edited 4:22am Sep 16, 2011 4:04am | Edited 4:22am
Got it 3RFCT. Hopefully gets some MOM outa it....

Edit: Out +10pips. Price stalling at the band.
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  • #1,545
  • Sep 16, 2011 4:28am Sep 16, 2011 4:28am
SMBT short on EU live..
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  • #1,546
  • Sep 16, 2011 4:34am Sep 16, 2011 4:34am
Quoting P.Dean
SMBT short on EU live..

+14 in the bag..
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  • #1,547
  • Sep 16, 2011 4:37am Sep 16, 2011 4:37am
atm eying AU and GU.. both are giving favorable band look for the short trade... since the retrace upward was a little too strong and big.. I will wait for DT and then to take chance off the favorable NBT look alike band..
  • #1,548
  • Sep 16, 2011 4:38am Sep 16, 2011 4:38am
Quoting TokyoDrifter
Got it 3RFCT. Hopefully gets some MOM outa it....

Edit: Out +10pips. Price stalling at the band.
beautiful job on the 3rfct play.. well done brother..


.....................

folks..
on this play.. its not so much about the entry but the awareness for the quick exit since one know a smbt is around the corner.. so grabbing +10 flying in the air is a bonus on the way for the trend following trade that your ambushing when you got a trend going on..
so, extra practice, extra work to keep you busy to not make dumb trades because you get bored, and who say some extra pips won't hurt.. and open yourself for a slight chance to catch a big reversal runner, who knows.. so all your ambush time spend won't get all wasted if the trend follow up don't happen.

powerful stuff, trust me..
  • #1,549
  • Sep 16, 2011 4:45am Sep 16, 2011 4:45am
Quoting P.Dean
beautiful job on the 3rfct play.. well done brother..
Thanks PD. I was gonna get in that SBT you took but deleted the PO at the last second. lol. Now waiting for possible NBT's on EU, EJ to develop while the Euro session is in profit taking mode.
  • #1,550
  • Edited 5:14am Sep 16, 2011 4:49am | Edited 5:14am
Risky CT EJ ambush setup. Lets see how it plays....

Edit: Out -2pips. Should've waited for a possible NBT play.
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  • #1,551
  • Sep 16, 2011 5:04am Sep 16, 2011 5:04am
Quoting P.Dean
atm eying AU and GU.. both are giving favorable band look for the short trade... since the retrace upward was a little too strong and big.. I will wait for DT and then to take chance off the favorable NBT look alike band..

watch the chart now and see what i meant then..
saved myself from a monster fake out by using combination of tools with PA reading to accept and reject signals for better success.

is such cases i won't completely forget about the short trade but i look to pick my spot better and DT with rf confirmation inside the band would be a better shot taking, which it did not happen and PA's true color was shown..
now we are on way of different shape and looks of the PA as thing looking to turn bullish..

same story on AU.. now on that one 3rfct is what I am eying on ..
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  • #1,552
  • Sep 16, 2011 5:14am Sep 16, 2011 5:14am
I just passed on the EU SMBT setup.. who can tell me why?
(i know no-one really responds to my questions.. lol.. but hey i am here so what the hell)..
  • #1,553
  • Sep 16, 2011 5:29am Sep 16, 2011 5:29am
Personally I like to look at channels for PA direction. But I can see the band is starting to get into a more neutral position and r/r did not look promising.
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  • #1,554
  • Sep 16, 2011 5:40am Sep 16, 2011 5:40am
maybe because it had given a 3RFCT trade setup on it's way to the mid-band?



Quoting P.Dean
I just passed on the EU SMBT setup.. who can tell me why?
(i know no-one really responds to my questions.. lol.. but hey i am here so what the hell)..
  • #1,555
  • Sep 16, 2011 5:48am Sep 16, 2011 5:48am
Quoting P.Dean
I just passed on the EU SMBT setup.. who can tell me why?
(i know no-one really responds to my questions.. lol.. but hey i am here so what the hell)..
Band was flattening, EU was not striking anymore
Barry
  • #1,556
  • Sep 16, 2011 5:52am Sep 16, 2011 5:52am
Finally got my EJ NBT.

Edit: Out +7. Take 2pips from me will Ya!?!? lol
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  • #1,557
  • Sep 16, 2011 6:06am Sep 16, 2011 6:06am
Quoting TokyoDrifter
Finally got my EJ NBT.

Edit: Out +7. Take 2pips from me will Ya!?!? lol
Hey PD, sorry but I don't see a PA setup on your chart, am I wrong?
Barry
  • #1,558
  • Sep 16, 2011 6:13am Sep 16, 2011 6:13am
Quoting Bary
Hey PD, sorry but I don't see a PA setup on your chart, am I wrong?
Hi Barry,

No your kinda right. I was waiting for that mid band to show some yellow. Once it did I ambushed it to the upside. Also, I look at other things as well before I decide to pull the trigger. lol

Btw, its TD not PD. PD is the master. Don't listen to TD.
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  • #1,559
  • Sep 16, 2011 6:13am Sep 16, 2011 6:13am
ok good enough involvement from a few and good answers in regards to the band/PA flattening.. thanks nice job.

however to spot the bands flattening early and avoid the temptation of a valid signal to reject you must look at the PA itself a little deeper..

the attempt of PA's short run off the previous SMBT signal (which i took) fell short of breaking the LL and not even giving it a test.. so when this happens more often than not the following same signal will be a weak one and not even enough to give out the minimum +10 (as you see this was the case)..
so what i do i let the PA to compeltely reach the other side of the band and take then if it gives me a valid SBT or NBT bcz more likely than not the band is turning neutral..
  • #1,560
  • Sep 16, 2011 6:16am Sep 16, 2011 6:16am
Quoting TokyoDrifter
Finally got my EJ NBT.

Edit: Out +7. Take 2pips from me will Ya!?!? lol

i would not call this a NBT.. bcz is far from a neutral band..
you trade at best is a reversal mild band take..

good job on the band anyhow..
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