PRICE Accordingly

tma range is useful for playing ping pong.. you know what that is?

thanks P. Dean! Sometime I don´t know if hold the trade till it hit my tp or go out if it goes against me... because from the technical site the best position for the sl is about/below the swing high/low.. but from the site of money management we should secure our profits or move our sl

i give you all some stat about my last two days of trading..
its been rough and tough but that's trading just like when wining rolls in..
anyways..
i have taken 9 smbt trades and produced a 3-6 record, which is far from the normal 70+% hit ratio.. the pitiful record is as a result of the life-less sideways current market condition.. but, i been around for too long to know to not ever fall in love with stats, bcz they could lie big time and its simply a normal thing.. so based on experience I have set my trading style a long ago in a manner to back me up when market goes pms-ing, lol.. and market does go through such conditions as it wish's, without us knowing it coming and it could mess around with any proven winning stats in a heartbeat..

so, as i said my record went for a dismal 3-6.. but i lost only 10 pips overall!!!

in may early days of trading i would have been demolished with such productions but now its simply treated as a normal market cycle to bear with before getting back to normal routine..
so how is it done..
its about managing the risk to be in situation of favorable RR.. risk one for two+ rewards.. thats it.
i had 6 losses for total of 71 pips with -17 being the highest loss.. and i had 3 winners for a avg of +20.
each smbt trade had a minimum original potential of a 1:1 RR and when it got stall i dropped the risk to lower to eliminate the sudden back fire since was not going in my favor in reasonable time frame and rhythm.
trading with a normal within comfort of a risk or lowering the does two things..
1) eliminates big losses
2) allows ease of mind to let the trade to develop and reach the target without much at risk and of course stress to not do crazy things.


so i hope my little cycle experience talk could help you and your mind while trading such market condition.


cheers,

bank +57 on a clean run..

+15 on au smbt..

only one trade today: aud/usd, tp hit +24

wow

Hello P.Dean,

i Spotted this 2 setups i wonder if they are MSBT or NBT...

The trend is obviously down but kind of stalled at support...

What is your analysis of this setups?

best regards!!!

Hi, both are valid sbt.. remember the bands reco's.. both are striking.

+42 bank on au... gu locked +35 and running..

gu out +60..

Hello P. Dean, excellent performance today! I see that you could take advantage of this bearish day with the best results.

I ask you a question. In your picture I can see that you have added the indicator coral THV. One of his cardinal rules is to sell only below the coral and buy only above the coral.

May I ask how do you combine the use of this indicator with your particular strategy?

At first glance in your operations is obvious, but as always I like to hear your opinion.

thank you for everything!

Hi Incanus,
there is no particular use.. its just a guide like every other indi that i got on my chart to not lose site of the trends strength.. just like the tma it could be used as a floating s/r.. if anything, i would say it helps to better time the opposite band play (sbt).. my GU trade is a example of it.

and your most welcome for your kind words as always.. can't afford to not take full advantage of the good days, they don't come around often but often enough if its capitalized in mass. the core of what i do is based on when market moves, so gotta take full advantage.

ok.. market just now has shown some sign of direction and bullish momentum.. still remains to be seen tho.. however couple of majors are ripe (au,ej) for our smbt setups..
lets see how and if a valid pullback shapes to take a action..

ambush..

chart...

if its not clear let me know I'll explain in detail why and how this helps one from many troubles..

au long smbt..

notice the risk to reward, almost 1:3.. more importantly, max loss no more than -9..

i have a different picture as you... i had no signal so far

sl hit for -9.. no biggy..


Andrey..
I know it's not a picture perfect signal... but it had pullback good enough just shy of the mid band with enough profit margin distance on top with a very little risk involve.. that's why i said above to notice the RR..
its a dog shit market atm anyways so this was a stretch with not much to lose to test it if it was meant to make a run.

looks like we should look for short trades soon =)