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  • #2,221
  • Oct 25, 2011 8:56am Oct 25, 2011 8:56am
Quoting Klaxon
I was sure you took it PD, congratulation again ! i don t dare to take it because of dow opening and my lack of experience with it

hapipipin
it was a difficult one to take my friend.. but it was a smbt and there was same play on eu ej and uc.. and i only dared to take one of them which was the ej as it looked the best to me.. if it wasn't for such a choppy market I would have taken all three..
yankees came through this time around otherwise it was a -20 on a blink..
tough rough day.
  • #2,222
  • Oct 25, 2011 9:24am Oct 25, 2011 9:24am
Hello, at this point is it good to be ambushing for smbt eu and au?

best regards!!!
  • #2,223
  • Oct 25, 2011 9:33am Oct 25, 2011 9:33am
Quoting Incanus
Hello, at this point is it good to be ambushing for smbt eu and au?

best regards!!!

its a good question..lol

technically speaking, if it falls into one of our signals I say give it try with your panic finger intact bcz its been so wild with full of sudden moves..

but i recommend if you have not gotten hurt today yet or are a bit ahead for the day.. then call it the day and come back fresh for tomorrow.. its great to walk away from such day even or positive.. don't let it turn into negative late in the session (London).

I hope it helps you bro..
  • #2,224
  • Oct 25, 2011 9:40am Oct 25, 2011 9:40am
Quoting P.Dean
its a good question..lol

technically speaking, if it falls into one of our signals I say give it try with your panic finger intact bcz its been so wild with full of sudden moves..

but i recommend if you have not gotten hurt today yet or are a bit ahead for the day.. then call it the day and come back fresh for tomorrow.. its great to walk away from such day even or positive.. don't let it turn into negative late in the session (London).

I hope it helps you bro..
Thanks for the very much appreciated recomendation, i have no trades today since im trading only eu and au for now and missed the eu smbt on the wild move...

best regards!!!
  • #2,225
  • Oct 25, 2011 10:00am Oct 25, 2011 10:00am
Where can I find info or learn about the 3.0 to 3.3 buffer setting?
  • #2,226
  • Oct 25, 2011 10:09am Oct 25, 2011 10:09am
Quoting sandrail
Where can I find info or learn about the 3.0 to 3.3 buffer setting?
in the inputs secssion of the RF indi (xd_buffer.pips).. change that to 3.3..
  • #2,227
  • Oct 25, 2011 10:14am Oct 25, 2011 10:14am
Thanks PD. I have been drawning a fib from the trigger bar to the first failure and looking at around 50% as an entry at times in a choppy market that gives me a really good entry.
  • #2,228
  • Oct 25, 2011 10:29am Oct 25, 2011 10:29am
Quoting sandrail
Thanks PD. I have been drawning a fib from the trigger bar to the first failure and looking at around 50% as an entry at times in a choppy market that gives me a really good entry.
whatever works brother..

I personally do not like fib as everyone have got to know me by now that I don't get fixated on anything in particular.. the two indis that I use is just for very slim guidance, speed and discipline of the daily work.
  • #2,229
  • Oct 25, 2011 10:35am Oct 25, 2011 10:35am
It was a Very difficult market to trade on today.. range and choppy, which makes it difficult to trade on (even the last bear move trade that I had, I took it with not much confidence to tell you the truth).. however as you see as much as our plan of trading is designed to be active for most market conditions but yet it has survived this nasty day, and it’s all due to Price it Accordingly.. there has been very a few signals but still high hit ratio return or no net loss on those a few signals.. that is important in a trading style of choice.. no matter what the conditions is we try to price it according to that condition before making a sell or buy push and if PA plays choppy like today it automatically sits us on the sideline till the right moment to jump in.. (we are talking high probability and certainty.. nothing is perfect ever)
I had worked hard in my trading career (since junior yr collage) to tackle with such market situations more than anything else in order to find success.. to firstly to stay leveled and not get drown by lose control on a free fall to devastating situations (we all know what’s that like), and secondly to be able to stay active enough still with well-planned style ahead of time by pick and choosing my spot to even come ahead in such days like the good market conditions.
In this style of trading we may not make 300pips on good normal days but we also don’t lose our last pair of underwear in the bad abnormal days as such, that sums to nothing but just a wash which is equal to waste of time, not good for trading, it sums to breaking even at best, many wasted time days leads to depleted account sooner or later.. this style is designed to bring consistency day in day out, month in month out.
I hope if you take away anything from my short lived time in here (I will not be here next year) it would be the importance of what I mentioned above and the every days display in order to, how to Survive firstly, so to be around to Capitalize & Preserve.
good day all.

Regards,
  • #2,230
  • Oct 25, 2011 10:44am Oct 25, 2011 10:44am
I have noticed that the TMA indicator has the setting that come close to the retracement settings I look at. I did not think anything of the fibs until about a year ago and now I use them as an additional filter. Everything is based on price action and price failures. So if we can find where the big players are taking possitions that can help us also. They work sometime and sometimes they do not... I really like what I see here and have taken off everything else. Just learning the system and I still have some baggage coming with me...
  • #2,231
  • Oct 25, 2011 10:48am Oct 25, 2011 10:48am
sandrail, while watching and working with these charts, I have noticed that the band often comes to the place that your fib would hit. The difference is that the band is dynamic. Look backwards and see. You will many areas of confluence between the fibs and the band.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,232
  • Oct 25, 2011 7:26pm Oct 25, 2011 7:26pm
Quoting P.Dean
It was a Very difficult market to trade on today.. range and choppy, which makes it difficult to trade on (even the last bear move trade that I had, I took it with not much confidence to tell you the truth).. however as you see as much as our plan of trading is designed to be active for most market conditions but yet it has survived this nasty day, and it’s all due to Price it Accordingly.. there has been very a few signals but still high hit ratio return or no net loss on those a few signals.. that is important in a trading style of choice.. no...
Again Brother, thank you so much for your time here with all the guidance, knowledge and experience you share here everyday, they are priceless
Respect and Honor !
  • #2,233
  • Edited 2:15am Oct 26, 2011 2:03am | Edited 2:15am
Quoting P.Dean
It was a Very difficult market to trade on today.. range and choppy, which makes it difficult to trade on (even the last bear move trade that I had, I took it with not much confidence to tell you the truth).. however as you see as much as our plan of trading is designed to be active for most market conditions but yet it has survived this nasty day, and it’s all due to Price it Accordingly.. there has been very a few signals but still high hit ratio return or no net loss on those a few signals.. that is important in a trading style of choice.. no...
Thats what I like about your method PD, yesterday was a tough day but there were good trades there if you kept your eyes open and was still profitable. Just got to be patient...

Talking about patience maybe I was too keen to trade this one...entry was just after Frankfurt open, got a 3RFCT long signal with double bottom. Main problem was entry was well above the middle band and the bands were very narrow at 14 pips. Gave it every chance but exited when it couldn't break middle band again for -9 pips. Also could have reversed and gone short as a SBT trade as the bands were still striking downwards

Update: Definitely should have reversed and gone short...wasn't on the ball there...
Attached Image (click to enlarge)
Click to Enlarge Name: 20111026 - cad 3rfct 1.gif Size: 17 KB
  • #2,234
  • Oct 26, 2011 2:43am Oct 26, 2011 2:43am
morning morning everyone.. let's roll like a butterfly and sting like a bee.. lol, gotta have fun..

well, the way i see it we got a flat PA... some weak attempts outside the band but thats about it.. remains to be seen more to see if we can get some solid NBT trades or a serious move outside of the bands for other setups..



klaxon and occam.. thanks for your kind words.

occam.. there was not a trade on cad there what so ever as you have realized it already.. band too narrow at the time.. but in regards to 3rfct.. back to basic of it, this is a counter trade, for counter trade firstly you need a serious run outside of the band which we don't have there.


alright let do it folks..
  • #2,235
  • Oct 26, 2011 2:48am Oct 26, 2011 2:48am
Not an ideal start to the day....another loser, this time EU NBT. Had a double top. Omce again I got hit right at the candle bottom, but not even the 3.3 pip buffer could save me (needed 3.6 to save me...we could keep playing that game forever lol!). PA reversed immediately, exited once I got a second bullish candle I exited for -20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 20111026 - eu nbt.gif Size: 17 KB
  • #2,236
  • Oct 26, 2011 2:58am Oct 26, 2011 2:58am
Quoting occamsrazors
Not an ideal start to the day....another loser, this time EU NBT. Had a double top. Omce again I got hit right at the candle bottom, but not even the 3.3 pip buffer could save me (needed 3.6 to save me...we could keep playing that game forever lol!). PA reversed immediately, exited once I got a second bullish candle I exited for -20 pips.
where is the DB!!!.. if your talking about the DB from 5hrs ago, well, is not what we have in mind here.. you need DB now off this new up move which has broken the top band to get in action is such situation you definitely need a DB with 2rf confirmation on top of it before you even think NBT.. there is not a flat band at hand with that last move up. I hope it helps
  • #2,237
  • Oct 26, 2011 3:10am Oct 26, 2011 3:10am
Quoting P.Dean
where is the DB!!!.. if your talking about the DB from 5hrs ago, well, is not what we have in mind here.. you need DB now off this new up move which has broken the top band to get in action is such situation you definitely need a DB with 2rf confirmation on top of it before you even think NBT.. there is not a flat band at hand with that last move up. I hope it helps
Yep I was using that double top from 5 hours ago. Wont do that again....thanks PD
  • #2,238
  • Oct 26, 2011 3:12am Oct 26, 2011 3:12am
Quoting P.Dean
where is the DB!!!.. if your talking about the DB from 5hrs ago, well, is not what we have in mind here.. you need DB now off this new up move which has broken the top band to get in action is such situation you definitely need a DB with 2rf confirmation on top of it before you even think NBT.. there is not a flat band at hand with that last move up. I hope it helps
You can also toss in a 200ema now and then. A lot of people trade off of that. Look at it as buy/sell orders waiting to F' up your day.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5m.jpg Size: 102 KB
  • #2,239
  • Oct 26, 2011 3:22am Oct 26, 2011 3:22am
Quoting TokyoDrifter
You can also toss in a 200ema now and then. A lot of people trade off of that. Look at it as buy/sell orders waiting to F' up your day.
Hi TD,
200 ema is good for knowing the overall fx-flow when is attached to any tf, that's about it... to trade off of it is whole other story.. but thanks for the recommendation. people are more than welcome to use it.

however i did not get the last part of the last sentence of your post!!!
  • #2,240
  • Oct 26, 2011 3:40am Oct 26, 2011 3:40am
Quoting P.Dean
Hi TD,
however i did not get the last part of the last sentence of your post!!!
Hi PD,

Basically I meant that there are orders sitting at s/r's. Of course these get rubbed out after being tested and re-tested over time as new s/r's are being established. No offense intended.
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