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  • #2,381
  • Nov 8, 2011 7:09am Nov 8, 2011 7:09am
Hello,

i write to ask about a setup that im not very familiarized with, the MSBT (mildly striking bounce trade).

in the example attached it looks to me that it could be a msbt because when the price broke the upper band and retrace to the middline and bounce again, but never hit the last HH. so the trend where not striking but mildly striking, then it retraces to the lower band and presents the first rf (didnt take this one as in another post P.Dean reccomends to take the second rf) stall a little bit and presents the second rf (this one took off).

So do you think this is a MSBT or just crazy PA?
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  • #2,382
  • Nov 8, 2011 7:13am Nov 8, 2011 7:13am
Quoting Incanus
Hello,

i write to ask about a setup that im not very familiarized with, the MSBT (mildly striking bounce trade).

in the example attached it looks to me that it could be a msbt because when the price broke the upper band and retrace to the middline and bounce again, but never hit the last HH. so the trend where not striking but mildly striking, then it retraces to the lower band and presents the first rf (didnt take this one as in another post P.Dean reccomends to take the second rf) stall a little bit and presents the second rf (this one took...
i took that one and the same trade on eur/jpy and gbp/usd.. i think they where valid.. took some profit of them.. =)
  • #2,383
  • Nov 8, 2011 7:28am Nov 8, 2011 7:28am
Quoting AndreyBecker
i took that one and the same trade on eur/jpy and gbp/usd.. i think they where valid.. took some profit of them.. =)
Excellent!!! it just was my first time spoting MSBT as i always have taken SBT and SMBT and havent the confidence to get in.

Congratullations!!!
  • #2,384
  • Nov 8, 2011 7:33am Nov 8, 2011 7:33am
Hello P.Dean and the others!

Thanks for this excellent system! I trade this since 5 days and the results are very good. It works perfectly on Demo.. Very simple rules.. If you are patiently you can achieve awesome results with it! Next week i will start with a small account and will post my live charts! Good luck guys!

cheers
  • #2,385
  • Nov 9, 2011 3:13am Nov 9, 2011 3:13am
awesome system! took these 3 trades today =)
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  • #2,386
  • Nov 9, 2011 3:15am Nov 9, 2011 3:15am
these are results on demo since monday
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  • #2,387
  • Nov 9, 2011 3:16am Nov 9, 2011 3:16am
au smbt live..
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  • #2,388
  • Nov 9, 2011 3:20am Nov 9, 2011 3:20am
Quoting AndreyBecker
awesome system! took these 3 trades today =)

very nice to be present for the perfect setups..

and well done with this weeks result, it makes me so happy.. keep it up brother.
  • #2,389
  • Nov 9, 2011 3:22am Nov 9, 2011 3:22am
Quoting P.Dean
very nice to be present for the perfect setups..

and well done with this weeks result, it makes me so happy.. keep it up brother.
Thank you P.Dean! And thanks for the system again!
  • #2,390
  • Nov 9, 2011 3:32am Nov 9, 2011 3:32am
Quoting P.Dean
au smbt live..
Hi P.D,
I would like to say thank to you and all members in the thread. I have been here for 2 weeks to read and practice your method. Hope i will become profitable trader soon.

I am sorry for my English.

Question: Why do you take AU instead of EU or GU .
Tks P.D
  • #2,391
  • Nov 9, 2011 3:33am Nov 9, 2011 3:33am
Quoting P.Dean
au smbt live..
its a straight shoot down running at +65.. i have locked +35 and will be patience with it to capitalize big if it keeps going..
I got a set tp for +100 also..

I got the same deal on eu as well.. i did not take the ej tho..
  • #2,392
  • Nov 9, 2011 5:03am Nov 9, 2011 5:03am
Quoting P.Dean
its a straight shoot down running at +65.. i have locked +35 and will be patience with it to capitalize big if it keeps going..
I got a set tp for +100 also..

I got the same deal on eu as well.. i did not take the ej tho..

TP's hit for +100 each..

sometimes is as easy a this and other times you got to grind it out.. however the simplicity is the same and that is the key to grasp and make present for each and every valid signal.
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  • #2,393
  • Nov 9, 2011 5:09am Nov 9, 2011 5:09am
Quoting fj2k11
Hi P.D,
I would like to say thank to you and all members in the thread. I have been here for 2 weeks to read and practice your method. Hope i will become profitable trader soon.

I am sorry for my English.

Question: Why do you take AU instead of EU or GU .
Tks P.D
Hi fj and thank you.

I did take the eu..
i did not take gu bcz simply there is no signal there band and PA was bullish or neutral looking..
i did not take the ej bcz the PB was large compare to its recent bear swing even though it counts for a sbt setup, but since at the same time I had to perfect looking smbt (eu & au) setup in the same direction which i had taken action on, i decided to stay away from the riskier trade.
  • #2,394
  • Nov 9, 2011 5:12am Nov 9, 2011 5:12am
Quoting P.Dean
TP's hit for +100 each..

sometimes is as easy a this and other times you got to grind it out.. however the simplicity is the same and that is the key to grasp and make present for each and every valid signal.
wow!!! awesome! good job bro!
  • #2,395
  • Nov 9, 2011 5:59am Nov 9, 2011 5:59am
Hello P.Dean, good to have you back!!!

I see that im late to the show as the big runner happened when i was sleeping...

While we wait for the next setup i have a question, what do you think of the multiple exposure? i mean taking 2 trades at the same time with exposure to the dollar (what yo recently did for example eu and au).

only with perfect setups? the crosses we are trading use to move together, so big winners can happen and also sl hit together.

Do you take this into consideration? i dont want to sound like a person afraid of losing some, just need to know the thougths on this matter of a experienced trader for the purpose of learning
  • #2,396
  • Nov 9, 2011 6:53am Nov 9, 2011 6:53am
Quoting Incanus
Hello P.Dean, good to have you back!!!

I see that im late to the show as the big runner happened when i was sleeping...

While we wait for the next setup i have a question, what do you think of the multiple exposure? i mean taking 2 trades at the same time with exposure to the dollar (what yo recently did for example eu and au).

only with perfect setups? the crosses we are trading use to move together, so big winners can happen and also sl hit together.

Do you take this into consideration? i dont want to sound like a person afraid of losing...
Hi incanus,

I treat each pair for its own as each pair reacts and move differently, although at end of the day when one looks at the chart witnesses the same overall results on most pairs as they have correlated. pairs correlate some time and not the other times.. but lets say that they do correlate all the time, does that mean they move exact the same behind every curves in short tf?.. my answer is NO..
so with that said, I completely ignore what one pair does compare to other, otherwise you'll bring second guessing to your trading which that is a detrimental factor for trading.

there is no perfect signal... but some look better than others when all confluences are clearly tagged.. but this does not mean it will be a winner..
when i said "perfect" setup that's what i meant.

so to sum it up as i think i know what your thought process and concerns might be.. i recommend to take each setup of each pair by treating if for its own.. if the setup is valid take it even if its 3 of the at the same time and make a exit decision on each based on their own movements such as reaction to the levels, band, LL, HH , s/r etc..
the last thing you want to do is to pass on opportunities bcz there was 3 or 4 of the at the same time and you got worried that you be hit with three -20 sl's..
I know it takes experience and confidence in order to be able to make firm presents in such situations, but you got start from somewhere to build it up and it only comes with repetition, wins and losses.. but to help you in the heat of the battle to do so and well, always remember the philosophies behind your style of trading.. if its a worthy one and it supports the odds of probabilities in your favor then it's a positive note and a automatic forward force to push you to do what your supposed to do.

I hope I pinpoint precisely your concern about multiple composure issue as you are going through learning curves, i as like any trader been there and i know how it feels.. so I tried to give the best detail explanation.. hope it helps.

by the way, i was never gone..lol.. it just wasn't enough activity here so i figured my inputs may not be needed anymore.. but anytime you guys have question or concerns put it up and i attend to till end of the month that i am here.
  • #2,397
  • Nov 9, 2011 7:05am Nov 9, 2011 7:05am
gu short smbt...

I got in a bit early on this.. the damn thing is just too striking..
so lets see if it drop like it should.. lol
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  • #2,398
  • Nov 9, 2011 7:05am Nov 9, 2011 7:05am
Quoting P.Dean

I hope I pinpoint precisely your concern about multiple composure issue as you are going through learning curves, i as like any trader been there and i know how it feels.. so I tried to give the best detail explanation.. hope it helps.

by the way, i was never gone..lol.. it just wasn't enough activity here so i figured my inputs may not be needed anymore.. but anytime you guys have question or concerns put it up and i attend to till end of the month that i am here.
thanks a lot for your answer!!! you really get my point and preciselly answer my question.

im for sure one that still appreciate very much your inputs, im learning so much from you that i really hope some day can give back
  • #2,399
  • Nov 9, 2011 7:26am Nov 9, 2011 7:26am
Quoting P.Dean
gu short smbt...

I got in a bit early on this.. the damn thing is just too striking..
so lets see if it drop like it should.. lol
My risk was 20 pips on this one.. now that i got some breathing room i lowered the risk to half..
when pa has already moved 150+ in one shot already.. the smbt/sbt that comes off of it could get tricky... to begin with the risk on them is already high but more importantly they could run into divergence and ready for a turn or consolidation...
so what i do normally and this is outside the normal rule.. i intend to get in early a bit, so i cut the risk a bit.. and then if i get some move in my direction to cut that risk even lower and at all time right after trigger have the panic finger ready and not fall into dream of making 30 quick pips or another runner.. as i am writing this i am 20+ into profit but it has been solid straight move and not rocky.. if there much of a hesitation or messing around i would have exited before lowering my risk.. but now its comfortable.

I thought it might help to give you a live exposure as how to be crafty at time and adapting to the situation.. that is is the reason why one firm system or EA will never work in market trading overall, traders input and skill is needed to make the difference, if it wasn't this way hell everyone would have been a millionaire by now wouldn't you think.. lol
  • #2,400
  • Nov 9, 2011 7:34am Nov 9, 2011 7:34am
took it also, but with the rules of entry... have to work on my patience... +18 thks again!!!
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