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  • #2,161
  • Edited 6:32am Oct 24, 2011 6:04am | Edited 6:32am
Quoting P.Dean
yes.. its a valid point..

but to detail it out as to what to look for exactly to avoid such false or low percentage signal..

very good though occam.. you are correct on the basis..
And.....PA had quite a number candles outside the band before the 3RFTC after breaking earlier from the neutral bands indicating the possible start of a striking trend. Therefore 3RFTC may just a slow pullback and not a proper countertrend move?

Edit: didn't quite get this post in before PD's explanation...need to learn to type faster!
  • #2,162
  • Oct 24, 2011 6:04am Oct 24, 2011 6:04am
I just mis the audusd smbt by abouit 10 minutes, after come back to prepared my breakfast, because the fist rf signal was rejected somebody got it ? )
Respect and Honor !
  • #2,163
  • Oct 24, 2011 6:23am Oct 24, 2011 6:23am
Quoting P.Dean
the buffer which is our last confirmation before a trigger saved us once again brother DT5..

now its best to cancel and look for the whole new rf if it stays in the same area.. if it goes to upper band then is sbt and whole new game..
Yes it did.....cancelled and reset on the next rf confirmation for a valid sell. Exited at the lower band.
Attached Image (click to enlarge)
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"Amat Victoria Curam" Victory Loves Preparation
  • #2,164
  • Oct 24, 2011 6:36am Oct 24, 2011 6:36am
Quoting daytrade5
Yes it did.....cancelled and reset on the next rf confirmation for a valid sell. Exited at the lower band.
Wow pretty nice trade DT5, for starting the new week

hapipipin
Respect and Honor !
  • #2,165
  • Oct 24, 2011 6:45am Oct 24, 2011 6:45am
keep eye on eu gu and ej for possible bear signal..
  • #2,166
  • Oct 24, 2011 6:55am Oct 24, 2011 6:55am
buffer prevented entry smbt in gu....now watching sbt....last power candle up is giving me a moment of pause.
"Amat Victoria Curam" Victory Loves Preparation
  • #2,167
  • Oct 24, 2011 7:21am Oct 24, 2011 7:21am
ej live smbt..
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  • #2,168
  • Edited 7:36am Oct 24, 2011 7:23am | Edited 7:36am
now short on smbt in eurusd and eurjpy

**went ahead and took +12 in the eurjpy so I only have to manage one trade.
***out B/E in the eurusd
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurjpy.gif Size: 23 KB
"Amat Victoria Curam" Victory Loves Preparation
  • #2,169
  • Oct 24, 2011 7:42am Oct 24, 2011 7:42am
i just closed my 2 first live smbt trades of the week, eurusd closed -0.4 after a big quick retracement and eurjpy +7.9 directly at the lower band , someone else got it ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurjpy short.gif Size: 20 KB
Respect and Honor !
  • #2,170
  • Oct 24, 2011 7:45am Oct 24, 2011 7:45am
Quoting P.Dean
ej live smbt..
screwed away a +19 pips potential bcz i was looking for more.. not the wisest move, but i took a risk at no harm, it just did not work..so it took me out at BE.. we live and die with our choices.. no biggie next trade..


well done on ej bank dt5..
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  • #2,171
  • Oct 24, 2011 7:51am Oct 24, 2011 7:51am
Quoting daytrade5
now short on smbt in eurusd and eurjpy

**went ahead and took +12 in the eurjpy so I only have to manage one trade.
***out B/E in the eurusd
Nice trade DT5 +12 is really good, eurusd went quick back near the FOMC Member Dudley Speaks
Respect and Honor !
  • #2,172
  • Oct 24, 2011 7:56am Oct 24, 2011 7:56am
Thanks PD and Klaxon
"Amat Victoria Curam" Victory Loves Preparation
  • #2,173
  • Oct 24, 2011 8:36am Oct 24, 2011 8:36am
I also gave up the pips earlier on EU and EJ like PD did....did a bit better with the exits this time...Took the EU SBT with double top short for 17 pips and the EJ SBT short for 18 pips. Hoping they would test the lows but exited both when they stalled at the bands in conjunction with pivot levels.
Attached Image (click to enlarge)
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Attached Image
  • #2,174
  • Oct 24, 2011 8:36am Oct 24, 2011 8:36am
Do the rules take into account double tops inside of the TMA bands?
  • #2,175
  • Oct 24, 2011 8:42am Oct 24, 2011 8:42am
Quoting occamsrazors
I also gave up the pips earlier on EU and EJ like PD did....did a bit better with the exits this time...Took the EU SBT with double top short for 17 pips and the EJ SBT short for 18 pips. Hoping they would test the lows but exited both when they stalled at the bands in conjunction with pivot levels.
very nice Occam
"Amat Victoria Curam" Victory Loves Preparation
  • #2,176
  • Oct 24, 2011 8:47am Oct 24, 2011 8:47am
Quoting occamsrazors
I also gave up the pips earlier on EU and EJ like PD did....did a bit better with the exits this time...Took the EU SBT with double top short for 17 pips and the EJ SBT short for 18 pips. Hoping they would test the lows but exited both when they stalled at the bands in conjunction with pivot levels.
Wow pretty good Occam 2 big trades to start the week i saw it but with all the hesitation of the PA to take my pending i decided to deleted it..., i continue to learn
Respect and Honor !
  • #2,177
  • Oct 24, 2011 8:53am Oct 24, 2011 8:53am
Thanks Klax and DT5
  • #2,178
  • Oct 24, 2011 8:54am Oct 24, 2011 8:54am
Quoting P.Dean
ok i go ahead and explain..

in such situations when PA provides a fresh swing and striking band, before i look for 3rfct signal i keep two points in mind..
1) at first i look for PB reaction to the mid band at the least before thinking reverse.. meaning i will not take 3rfct trade before a mid band reaction..
unless.. if that does not happen and it stalls too much and presents the 3rf without full reaction to the mid band (like we had in this case today), then..
2) i look for a DT/DB reaction to the most recent LL/HH with show of full failure...
P.Dean...I apologize but this little nugget is not sinking in. Is there any way that you can explain this with a chart whenever you get a chance??
"Amat Victoria Curam" Victory Loves Preparation
  • #2,179
  • Oct 24, 2011 8:55am Oct 24, 2011 8:55am
i was wondering about this aud smbt setup, the setup looks good, nice rejection of the mid band, but didnt have enough space to the last recent hh so decided to wait for the next setup...

best regards!
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  • #2,180
  • Oct 24, 2011 9:01am Oct 24, 2011 9:01am
Quoting occamsrazors
I also gave up the pips earlier on EU and EJ like PD did....did a bit better with the exits this time...Took the EU SBT with double top short for 17 pips and the EJ SBT short for 18 pips. Hoping they would test the lows but exited both when they stalled at the bands in conjunction with pivot levels.
nice banks occam..

i just want to point out about one thing for feature which could save you and others from false signal.

your ej trade sbt would be one that i would not take..
for simple fact that the prior signal smbt failed and then pa crushed the high of that and surged to the top... in such case i would buy myself some time and go off the 2rf confirmation and not right away from the 1st rf like a normal sbt.. even though it looks like a normal one, but in reality its not and that hiccup in the middle normally is a warning sign..
the normal sbt is the one i took on gu (the chart below).. straight shoot up to the upper band which is good to go on the 1st rf confirmation.
in same relation.. your eu trade is perfectly fine bcz PA did not breakout the top of smbt signal and like you said created the nice DT and was good to go.

I hope it makes sense... this was all about higher probability trade signal talk, every trade could be a winner.
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