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  • #2,341
  • Nov 1, 2011 7:02am Nov 1, 2011 7:02am
double bottom, key support 1.368

edit: bounce from 1.365
  • #2,342
  • Nov 1, 2011 7:09am Nov 1, 2011 7:09am
Well, looks like you guys are not up for it (quiz)..
and time for me to hit the court, I may come back for Yankee time.. whoever is playing me today its going down baby.. lol
+115 for the day.. market still hot tho..

I leave you guys with this for now..
remember.. if its trending we go with the flow and make money.. if its ranging we ping pong it to still make money.. if its mildly trending we counter play to make money.. and if roughly choping we save our ass by settling to not lose money..
in more or less words, we skin the cat either way.. lol

Cheers,
  • #2,343
  • Nov 1, 2011 7:10am Nov 1, 2011 7:10am
Quoting P.Dean
well i but up a quiz just before your post about this setup..

but the advise i would give you about sl is this..
if your going to trade scared or scared money, then don't trade at all.. so you figure the depth now!
ok thank you for your guidance about sl brother
i took 2 smbt trade just before you posted your quiz, eurusd smbt -15.1 not enough room for stop loss, it was not above the last high
and i took also smbt EURJPY at the same time +16.7 and closed it almost at the last low , i continue to improve my edge with this beautifull strategy

hapipipin
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd short.gif Size: 22 KB
Click to Enlarge Name: eurjpy short.gif Size: 22 KB
Respect and Honor !
  • #2,344
  • Nov 1, 2011 7:13am Nov 1, 2011 7:13am
Quoting spoty
double bottom, key support 1.368

edit: bounce from 1.365
excellent, short and sweet.. thanks for the participation.

but.. what the hell do i know.. lol.. bastard broke down for 30+.

the point is, odds of probabilities.. most times it will not run like this.. is about building your house on the rocks and not the sand.
  • #2,345
  • Nov 1, 2011 7:18am Nov 1, 2011 7:18am
Quoting P.Dean
excellent, short and sweet.. thanks for the participation.

but.. what the hell do i know.. lol.. bastard broke down for 30+.

the point is, odds of probabilities.. most times it will not run like this.. is about building your house on the rocks and not the sand.
exactly, what the hell we know , but IMHO I think that big players always wants better prices around R/S.
Thanks god, we have rules!
  • #2,346
  • Nov 1, 2011 7:28am Nov 1, 2011 7:28am
Quoting Incanus
i know what you mean about scared, i set ts to be+2 pips got stopped out and then missed the move down... still working on my confidence, day to day improving thanks to your excellent guidance.

i dont really understand your recomendation, you mean that i shouldnt be using a hard sl? or just that if doesnt fit to the setup dont enter?
ok.. what i mean is this...
a tight sl means nothing but lack of confidence.. a solid trader who manages his money and his trade correctly will all ways put his sl away from the heat.. on our case in here sl goes beyond the last high or low..
but now.. before anything else we got to validate the setup.. once you do that as if your going to enter or not, then play the sl accordingly, if the sl is over 30 then look at the setup again.. revalue it ( is it striking enough, does it have all the elements.. does my daily MM allows it and etc,).. so instead of playing with the sl size, do the above.. and once you get in as you get triggered try to live with it and don't run from it if it goes against you right away but if it stalls too much then look for a possible exit at minimal loss or a BE finish, have no problem with accepting a loss.
(go back to yesterdays live plays of mine.. the first two were losers.. check it out and you will see what i mean).

I hope it helps.
  • #2,347
  • Nov 1, 2011 7:38am Nov 1, 2011 7:38am
Quoting P.Dean
ok.. what i mean is this...
a tight sl means nothing but lack of confidence.. a solid trader who manages his money and his trade correctly will all ways put his sl away from the heat.. on our case in here sl goes beyond the last high or low..
but now.. before anything else we got to validate the setup.. once you do that as if your going to enter or not, then play the sl accordingly, if the sl is over 30 then look at the setup again.. revalue it ( is it striking enough, does it have all the elements.. does my daily MM allows it and etc,).. so instead...
Thats an excellent guidance, thanks a lot for your advice. im trying to put everithing you say into practice
  • #2,348
  • Nov 1, 2011 7:42am Nov 1, 2011 7:42am
just closed smbt gbpusd +14.3 at the last low, my stop was at the last high with around the same risk reward as my tp, someone else took it ?

hapipipin
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd short 2.gif Size: 20 KB
Respect and Honor !
  • #2,349
  • Nov 1, 2011 7:42am Nov 1, 2011 7:42am
+14 tp hit on this one for me as i left it on a set and go while i was getting ready to leave..
this was a solid setup band super striking nice bounce off the mid band.. i hope you all took it too..
Attached Image (click to enlarge)
Click to Enlarge Name: 112.gif Size: 51 KB
  • #2,350
  • Nov 1, 2011 7:46am Nov 1, 2011 7:46am
Quoting Incanus
Thats an excellent guidance, thanks a lot for your advice. im trying to put everithing you say into practice
ur most welcome brother.


klaxon.. that is excellent..
that is the way to bounce and shake off the eu loss.. atta way..

folks,
losses are just part of this game.. shake it and move on like a force, just like our buddy Klaxon did right there.. excellent work.

alright i gotta run.. i most likely will see you all tomorrow.. make a killing.

Cheers,
  • #2,351
  • Nov 1, 2011 7:54am Nov 1, 2011 7:54am
Quoting Klaxon
just closed smbt gbpusd +14.3 at the last low, my stop was at the last high with around the same risk reward as my tp, someone else took it ?

hapipipin
Yep....same trade same +14pip result.....nice job Klaxon and thanks for the instruction PD.
"Amat Victoria Curam" Victory Loves Preparation
  • #2,352
  • Nov 1, 2011 7:57am Nov 1, 2011 7:57am
Quoting P.Dean
ur most welcome brother.


klaxon.. that is excellent..
that is the way to bounce and shake off the eu loss.. atta way..

folks,
losses are just part of this game.. shake it and move on like a force, just like our buddy Klaxon did right there.. excellent work.

alright i gotta run.. i most likely will see you all tomorrow.. make a killing.

Cheers,
thank you brother to be there and guide me as usual, i still need it

good play at your tennis court today
Respect and Honor !
  • #2,353
  • Nov 1, 2011 7:58am Nov 1, 2011 7:58am
Quoting daytrade5
Yep....same trade same +14pip result.....nice job Klaxon and thanks for the instruction PD.
wow that s good to see you DT ambush a good trade like this

hapipipin
Respect and Honor !
  • #2,354
  • Nov 1, 2011 8:03am Nov 1, 2011 8:03am
After watching and patiently waited, I took this GU SMBT trade for +13.3 pips
Clap clap
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 14 KB
  • #2,355
  • Nov 1, 2011 8:06am Nov 1, 2011 8:06am
Quoting Klaxon
wow that s good to see you DT ambush a good trade like this

hapipipin
Congrats!!! i missed it, just added the GBP to my list (eu, au, gu) trying to improve step by step every day...
  • #2,356
  • Nov 1, 2011 8:34am Nov 1, 2011 8:34am
Quoting kester
After watching and patiently waited, I took this GU SMBT trade for +13.3 pips
Clap clap
Nice trade Kester your patience has rewarded ,good to see others make good move You know, the more i trade this strategy the more i realise, it s not about the entry, it s all about how and when we exit the trade

hapipipin
Respect and Honor !
  • #2,357
  • Nov 1, 2011 8:46am Nov 1, 2011 8:46am
Quoting Incanus
Congrats!!! i missed it, just added the GBP to my list (eu, au, gu) trying to improve step by step every day...
I trade the same pair as PD without the cad because i think it s the harder pair to handle at the begining , and for me it s better to let this pair away while i build my confidence
Respect and Honor !
  • #2,358
  • Nov 1, 2011 10:08am Nov 1, 2011 10:08am
Folks, I have followed this thread/system from day one learning something each day from PD. While no system is 100% accurate, I find that the days where my performance is dismal are those days where I tried to cherry pick entries spending much of my time as a spectator. Like I did today going 2-0 for +23pips.....ridicilous given the movement today. PD's post #2111 is eye opening. Here is an excerpt from that post:

Now I don’t know if this was your only trade or you took the other ones too or you did not trade at all and just pointing this out to find out.. However, as I said in one of my other post earlier today… this is the game of Probability and we are at best of best nothing more than a Speculator… we put our money at risk but a calculated one which has some odds in our favor, that’s it, thats just about it.. and there will be losers along the way.. a solid Trader must set a special place for losers in his agenda, bcz whether we like it or not, they will happen and we atta deal with it.. over time its easy to deal with it and not even care about it when you see your wining 70-80% of the times and lose 30-20%. the only time that its hard to deal with losses is when one is not present in all if not at least 80% of his systems signals... if cherry picking and lack of activity creeps in that's when one ends up with most of the losses and less of the winners.. so trust in what one do and mass of activity is the prescription.
"Amat Victoria Curam" Victory Loves Preparation
  • #2,359
  • Nov 1, 2011 10:13am Nov 1, 2011 10:13am
For the learning purpose only for everybody here, me included i just wanted to show a EURUSD NBT set up just happened, but i don t take it

If it s not a good nbt setup i hope PD will told me, thanks you very much brother once again
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd short.gif Size: 23 KB
Respect and Honor !
  • #2,360
  • Nov 1, 2011 11:20am Nov 1, 2011 11:20am
Quoting daytrade5
Folks, I have followed this thread/system from day one learning something each day from PD. While no system is 100% accurate, I find that the days where my performance is dismal are those days where I tried to cherry pick entries spending much of my time as a spectator. Like I did today going 2-0 for +23pips.....ridicilous given the movement today. PD's post #2111 is eye opening. Here is an excerpt from that post:

Now I don’t know if this was your only trade or you took the other ones too or you did not trade at all and just pointing...
Thank you DT to recall me this post, it s a must among a lot of others must PD posted !
Respect and Honor !
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