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  • #1,721
  • Sep 26, 2011 3:43pm Sep 26, 2011 3:43pm
Quoting LuisPrinc
Why this Eu smbt didn`t work ? It was an uptrend then pulback and then it went down but the rf confirmation was for up here. What I didn`t saw there ?
Hi LuisP,
there is nothing wrong with that setup.. it is a perfectly formed smbt one.. its just that you cant win them all.. nothing is perfect.. there will be losers.. this is a game of probability and not certainty.. but the odds of probability is on your side with such setups.. it wins 7/8 time out of 10.
you did nothing wrong there... when you lose you get up and look for the next setup and go after it with force again and again and again.
  • #1,722
  • Sep 26, 2011 3:50pm Sep 26, 2011 3:50pm
Quoting Incanus
Hello, i have a question, on the screen posted when the bookmarked rf appears is it ok to take the trade? or because is it far of the lower band is it better to wait for a possible DB o HL to take the trade on the 2RF?

thanks a lot!
Hi incanus,
i am surprised with your question this deep into the thread..
to answer it really goes back to explaining the whole plan..
first you must reco the band/PA direction.. is it neutral or striking mild striking and then fit the right play..
in this case you got a 125 pips strong bearish swing and the band tilting bear.. so what is your reco??!!!.. it can't be neutral.. so if its not neutral for counter trade you got to wait for DB or 3rf.. you can't just trade by one rf show for sharp counter trade.

I recommend to read the whole plan once more time.
  • #1,723
  • Sep 26, 2011 5:01pm Sep 26, 2011 5:01pm
Quoting P.Dean
Hi LuisP,
there is nothing wrong with that setup.. it is a perfectly formed smbt one.. its just that you cant win them all.. nothing is perfect.. there will be losers.. this is a game of probability and not certainty.. but the odds of probability is on your side with such setups.. it wins 7/8 time out of 10.
you did nothing wrong there... when you lose you get up and look for the next setup and go after it with force again and again and again.
Okey, so this is when it comes to decide the right solution, looking PA and if it not goes nice (powerfull) in your direction then better take the minimum than risk getting hit your sl. How did you manage those decisions, in this case what you would do ?
  • #1,724
  • Sep 26, 2011 5:45pm Sep 26, 2011 5:45pm
Quoting P.Dean
Hi incanus,
i am surprised with your question this deep into the thread..
to answer it really goes back to explaining the whole plan..
first you must reco the band/PA direction.. is it neutral or striking mild striking and then fit the right play..
in this case you got a 125 pips strong bearish swing and the band tilting bear.. so what is your reco??!!!.. it can't be neutral.. so if its not neutral for counter trade you got to wait for DB or 3rf.. you can't just trade by one rf show for sharp counter trade.

I recommend to read the whole plan...
Hello P.Dean,

Thanks a lot for your answer, i guess i failed with the band reco.

Anyway your answer is clean and really helps.

Also a few minutes after my post TD shows the right entry. Patience pays.

Best regards!
  • #1,725
  • Sep 26, 2011 6:47pm Sep 26, 2011 6:47pm
Starting off with an EU NBT the morning....
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  • #1,726
  • Sep 26, 2011 7:19pm Sep 26, 2011 7:19pm
TD gets his +20pips on the real account. Now its demo for the rest of the day.....
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  • #1,727
  • Sep 27, 2011 2:54am Sep 27, 2011 2:54am
good morning..

before i post this one it hit my tp on a sudden move... nice +22 pips to start off..
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  • #1,728
  • Sep 27, 2011 3:00am Sep 27, 2011 3:00am
quick PA outlook according to our little world here.. lol

PA is hinting to a bearish move.. bands are broken bear.. the only pair that it has not yet is AU which is sailing in its own world inside the neutral band.. rest are inline bearish..

now.. patience to ambush well..

TD is ready to battle full time today..

lets roll baby..
  • #1,729
  • Sep 27, 2011 3:18am Sep 27, 2011 3:18am
a few setups in the making to eyeball for..

eu ej.. smbt atm..
cad.. 3rd rf
aud.. nbt



again.... don't get too excited.. wait for RF confirmation.. than set the correct pending with buffer and all. even on au nbt play wait for the rf bcz the band is 40 wide.
on others you got the PA striking but the band not quiet yet so striking, so it makes it even more important to patiently wait for the rf confirmation..
little hints and details that i am throwing at you in real time trading.. take notes.
  • #1,730
  • Sep 27, 2011 3:25am Sep 27, 2011 3:25am
Quoting TokyoDrifter
TD gets his +20pips on the real account. Now its demo for the rest of the day.....

TD is already done making more Benjamins and PD is just getting warmed up after +30...
c'mon TD, you too good to limit yourself like that.. lol
  • #1,731
  • Edited 3:43am Sep 27, 2011 3:30am | Edited 3:43am
TD getting in on the EU SBT....

Edit: Sorry wrong chart before.
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  • #1,732
  • Sep 27, 2011 3:51am Sep 27, 2011 3:51am
30min later I get my +20pips. See how the market wanted to come back for my stop. Evil b@sturds!!!!
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  • #1,733
  • Sep 27, 2011 3:56am Sep 27, 2011 3:56am
Quoting P.Dean
TD is already done making more Benjamins and PD is just getting warmed up after +30...
c'mon TD, you too good to limit yourself like that.. lol
Yes, but TD has that problem with over trading on his live account. Kinda like Fred's problem in this episode of the Flintstones.....


http://www.youtube.com/watch?v=-D50bjRjwHc
  • #1,734
  • Sep 27, 2011 4:01am Sep 27, 2011 4:01am
out for +21 and +13 on eu & ej.. au still running into profit..

edit.. au closed at BE..
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  • #1,735
  • Sep 27, 2011 4:18am Sep 27, 2011 4:18am
Quoting P.Dean
good morning..

before i post this one it hit my tp on a sudden move... nice +22 pips to start off..

Btw, Master what setup was that ? MSCT ? DT?
  • #1,736
  • Edited 4:50am Sep 27, 2011 4:23am | Edited 4:50am
Quoting TokyoDrifter
30min later I get my +20pips. See how the market wanted to come back for my stop. Evil b@sturds!!!!
well you get that scared bcz your trade is not timed well..
the way i have understand it you have taken this smbt when there was not a striking pa/band at hand... so you took a mid band play inside a neutral pa/band.. this is not wise TD and you see how it gave you a scared...

look at where I took it.. that is a smbt play.. prior to it PA has clearly broken the band and pulled back to the mid band and striked to test the LL again.

PA gotta show you something as a early hint in order for one to find it reliable or high probable to take a trade...
in this case it showed some life for the bearish run with that little swing and break of the band.. that information is good enough to pull the trigger at top of the retrace, a comfortable position for 3 possible profit taking.. 1)quick scalp.. 2) if its a stronger move, to hold enough for a LL test.. and 3) if its super strong to hold for a possible runner catch... the runner almost happened here on eu but failed.. sooooo who cares, it was a bonus if it had happened bcz we made our 10-20 pips with other two options.
the point is all this great options only becomes possible if the setup is spoted/timed perfectly.
  • #1,737
  • Sep 27, 2011 4:25am Sep 27, 2011 4:25am
Quoting LuisPrinc
Btw, Master what setup was that ? MSCT ? DT?
you got it right, its MSCT with slight DT, but more than anything it was a super mild band.. so a safe trade with less than 20 at risk..
  • #1,738
  • Sep 27, 2011 5:10am Sep 27, 2011 5:10am
Thanks Dean !

In the meantime we had 2 smbt looking entries on EU short, but it weren`t triggered because of 3 pips buffer that we must take for entry. This was kind of a tricky situation if we jumped in before

btw we use 3 pips from the low or the close of the candle ?
  • #1,739
  • Sep 27, 2011 5:38am Sep 27, 2011 5:38am
Quoting LuisPrinc
Thanks Dean !

In the meantime we had 2 smbt looking entries on EU short, but it weren`t triggered because of 3 pips buffer that we must take for entry. This was kind of a tricky situation if we jumped in before

btw we use 3 pips from the low or the close of the candle ?
from Low on sell and High on buy.. and its 3.3 pips not 3pips.

to everyone..
about smbt...
always the first one is the best and most strongest.. so if the first smbt trade does not break lose off the LL/HH.. the next one is not so strong and it must be take with extra care. ( i have mentioned this before.. but another heads up).. this is just simple commonsense of the PA reading.. you can see that it struggling to keep the band striking looking and atm its turning into mild or neutral.
  • #1,740
  • Sep 27, 2011 6:24am Sep 27, 2011 6:24am
NZDUSD nbt long +8.7
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Respect and Honor !
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