Attachments: PRICE Accordingly

PRICE Accordingly

#2,561
Nov 28, 2011 7:28am Nov 28, 2011 7:28am

P.Dean
| Additional Username | Joined May 2011 | 1,866 Posts

Quoting helder

Disliked

im up 28 pips right now

Ignored

nice, so you held it.. good for you,
its looking good to run further if it breaks the 46 area strong..

#2,562
Nov 28, 2011 7:30am Nov 28, 2011 7:30am

Olarion1975
Joined May 2010 | Status: Trader | 1,188 Posts

Hey Dean,

first day of trading your system on my live account...+40 pips overall.

I think it's a good start considering the fact I made some silly mistakes, closed too early etc..

I made a summary of all your important posts and charts for my own eduactional use, it is about 160 pages now...was a bleeding work but surely worth it.

This week I will trade until Thursday, FF open to LO close. Friday I do not trade because of NFP.

So keep up the good work, man.

Cheers,
Olarion

#2,563
Nov 28, 2011 7:46am Nov 28, 2011 7:46am

P.Dean
| Additional Username | Joined May 2011 | 1,866 Posts

Quoting Olarion1975

Disliked

Hey Dean,

first day of trading your system on my live account...+40 pips overall.

I think it's a good start considering the fact I made some silly mistakes, closed too early etc..

I made a summary of all your important posts and charts for my own eduactional use, it is about 160 pages now...was a bleeding work but surely worth it.

This week I will trade until Thursday, FF open to LO close. Friday I do not trade because of NFP.

So keep up the good work, man.

Cheers,
Olarion

Ignored

nice results brother and good hard work... i will be trading full force this week as i mentioned it already earlier today to close out the year.. I dont trade on NFP either.. i use that day for monthly account management/withdrawals etc,

always remember, generally speaking, profits/success , goes to people who; look for it, pay for it and work for it..
look = searching and dinging
pay = practice trades to fine tune and find comfort
work = treat it as a serious business, to do it day in day out like a mad habit.

your half way there for dinging and some trading.. well done.

#2,564
Edited 11:13am Nov 28, 2011 10:34am | Edited 11:13am

Olarion1975
Joined May 2010 | Status: Trader | 1,188 Posts

Quoting P.Dean

Disliked

nice results brother and good hard work... i will be trading full force this week as i mentioned it already earlier today to close out the year.. I dont trade on NFP either.. i use that day for monthly account management/withdrawals etc,

always remember, generally speaking, profits/success , goes to people who; look for it, pay for it and work for it..
look = searching and dinging
pay = practice trades to fine tune and find comfort
work = treat it as a serious business, to do it day in day out like a mad habit.

your half way there for dinging...

Ignored

Thank you, really appreciate your comment. I think your system is one of the best systems on FF, if not the best...just because it covers ALL market conditions (ranging ,trending, chopping).

From now on I will work as hard as I can to get my live account growing to a proper size to make a living from it. I know it is tough and will take some time, but I will put all my efforts into this goal and treat it like a real business. Until now I trade part time, also besides my daily job as far my colleagues and boss make it possible.

I am in the FX business for 1,5 years and have tested many systems, watched many videos and taught myself the basics on websites/forums on every free minute.

Your system and all your great comments and tips all along the thread (I have read the whole thread twice!) give me confidence and strength to reach my goal in the forseeable future.

I am proud and glad to have found this thread...thank you my brother.

#2,565
Nov 28, 2011 11:19am Nov 28, 2011 11:19am

P.Dean
| Additional Username | Joined May 2011 | 1,866 Posts

Quoting Olarion1975

Disliked

Thank you, really appreciate your comment. I think your system is one of the best systems on FF, if not the best...just because it covers ALL market conditions (ranging ,trending, chopping).

From now on I will work as hard as I can to get my live account growing to a proper size to make a living from it. I know it is tough and will take some time, but I will put all my efforts into this goal and treat it like a real business. Until now I trade part time, also besides my daily job as far my colleagues and boss make it possible.

I...

Ignored

Thanks for your kind words.. I wish you many success on your way to financial freedom as i wish that for everyone in here and in general.

#2,566
Nov 28, 2011 11:23am Nov 28, 2011 11:23am

P.Dean
| Additional Username | Joined May 2011 | 1,866 Posts

Quoting helder

Disliked

Thanks for that replay appreciate that. Just curious, is there a print out that i could have on the rules and have it on my desk. I think that would help alot of people staying in check i know it would for me.

Thanks, Helder

Ignored

here it is brother helder.. and for everyone else.
i looked through my own files and there it was..

I hope it helps, its nice and neat as member daytrader5 did good job with so credit goes to him.

have a good day everyone.. finished the day with 4-0 for +91.. i be trading tomorrow sharp at frankys session..

Attached File(s)

Price Accordingly visual trading plan.pdf 86 KB | 634 downloads

#2,567
Nov 28, 2011 11:34am Nov 28, 2011 11:34am

helder
| Joined Jul 2010 | Status: Trader | 51 Posts

Quoting P.Dean

Disliked

here it is brother helder.. and for everyone else.
i looked through my own files and there it was..

I hope it helps, its nice and neat as member daytrader5 did good job with so credit goes to him.

have a good day everyone.. finished the day with 4-0 for +91.. i be trading tomorrow sharp at frankys session..

Ignored

your truly the best! by the way closed that trade for 52 pips not bad.

#2,568
Nov 28, 2011 11:15pm Nov 28, 2011 11:15pm

P.Dean
| Additional Username | Joined May 2011 | 1,866 Posts

hello everyone,

looks like a hot market..
ambushing for sbt/smbt plays on several of majors, au and cad on top of the list..

let's roll..

#2,569
Edited Nov 29, 2011 12:00am Nov 28, 2011 11:43pm | Edited Nov 29, 2011 12:00am

P.Dean
| Additional Username | Joined May 2011 | 1,866 Posts

long on au live, smbt..

sl hit for -12
bastard made a straight U turn after +10 gain which the up move was good enough for me to lower the risk otherwise a -23 was for sure..

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#2,570
Nov 28, 2011 11:49pm Nov 28, 2011 11:49pm

Olarion1975
Joined May 2010 | Status: Trader | 1,188 Posts

Quoting P.Dean

Disliked

long on au live, smbt..

Ignored

I was in that trade too...closed with +8 pips...perhaps too early.

Chart:

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#2,571
Nov 29, 2011 12:01am Nov 29, 2011 12:01am

Chuckb
| Joined Aug 2007 | Status: Trader | 84 Posts

Quoting P.Dean

Disliked

long on au live, smbt..

Ignored

Hi P.Dean. Great thread, almost no crap. Getting my head around this slowly.
I did'nt think this was a valid trade as the range was to short from mid to top band?

#2,572
Nov 29, 2011 12:03am Nov 29, 2011 12:03am

Olarion1975
Joined May 2010 | Status: Trader | 1,188 Posts

Quoting Chuckb

Disliked

Hi P.Dean. Great thread, almost no crap. Getting my head around this slowly.
I did'nt think this was a valid trade as the range was to short from mid to top band?

Ignored

Hi Chuck,

I jump in...(if Dean allows ;-))...for the SMBT (striking middle bounce trade) you need to have more than +10 pips to the last higher high, NOT the upper band.

Hope this helps.

#2,573
Nov 29, 2011 12:08am Nov 29, 2011 12:08am

Chuckb
| Joined Aug 2007 | Status: Trader | 84 Posts

Quoting Olarion1975

Disliked

Hi Chuck,

I jump in...(if Dean allows ;-))...for the SMBT (striking middle bounce trade) you need to have more than +10 pips to the last higher high, NOT the upper band.

Hope this helps.

Ignored

Sure does Thankshttp://www.forexfactory.com/images/icons/icon7.gif

#2,574
Nov 29, 2011 12:08am Nov 29, 2011 12:08am

P.Dean
| Additional Username | Joined May 2011 | 1,866 Posts

Quoting Olarion1975

Disliked

Hi Chuck,

I jump in...(if Dean allows ;-))...for the SMBT (striking middle bounce trade) you need to have more than +10 pips to the last higher high, NOT the upper band.

Hope this helps.

Ignored

good question and very well correct answer..

you all can help each other out anytime, I actually encourage it highly.. so thanks in advance.

#2,575
Nov 29, 2011 12:40am Nov 29, 2011 12:40am

P.Dean
| Additional Username | Joined May 2011 | 1,866 Posts

ok since market just completely changed there is some time before next series of signals if may.. so I will go ahead and let you a lil inside about what i just did and what was the results, whys and hows etc,.. you might find it helpful.

as you all witnessed we just had possible signals almost on all pairs under my watch (eu,gu,ej,au,cu,cad)
I took action on three valid ones.. eu, au, cad.. and lost on each -10,-12,-13..
we had almost signals on gu and uc.. I rejected the gu sbt setup bcz there was not enough profit room measure to band... and rejected uc smbt setup bcz not enough profit room to LL.. and ej never provided a signal.

now on the three that i took action the initial risk on eu and au were around 20 and on cad about 15 where i feel most comfort.
so on eu and au as soon as i saw some move in favor of the trade (like about 10pips) i quickly lower the risk to about half or normally around 15 pips or less as where i feel comfortable to get sting.. on cad i got not much move on my favor and the risk was a normal one so i let it play out..
this was a little inside about damage control, trade management with full awareness from before pulling the trigger to after the trigger on the way to SURVIVE first before profiting next mentality.

so end result for the day up to now 0-3 for -35 (avg loss rounded to -12pips) which is under my comfort give away of -15..
and you all by now should know my avg win... for eg yesterday 4 winners for +91 = roughly 20+

so after all set and done.. once one feels comfortable with this strategy you will get a almost 1:2RR with around 70% hit ratio.. even on rough times at 50% hit ratio you will be still ahead.

so i wanted to give you all some inside on overall big picture in order to cope better with losses bcz they will happen whether you like it or not as do the winners...

hopefully this helps you to stay on course and not lose your path if this strategy is the one you want to follow.

#2,576
Nov 29, 2011 12:59am Nov 29, 2011 12:59am

Chuckb
| Joined Aug 2007 | Status: Trader | 84 Posts

Hi P. Dean
Informative as usual. I learn more from current action. Keep it up.http://www.forexfactory.com/images/icons/icon12.gif

#2,577
Nov 29, 2011 2:22am Nov 29, 2011 2:22am

P.Dean
| Additional Username | Joined May 2011 | 1,866 Posts

don't you just love this market.. lol

ok.. at least now we got a real sense of direction..

ambush time..

#2,578
Edited 2:52am Nov 29, 2011 2:34am | Edited 2:52am

P.Dean
| Additional Username | Joined May 2011 | 1,866 Posts

I almost took this sbt setup... but we all know almost or would've could've etc, don't count.. safe to say i may have wuss'd out.. lol

I explain my reasoning behind rejection of this one tho..
technically, i did not like the slight cross close beyond the opposite band, that, plus the PA's uncertainty at the time and daily management (being down -35) so, all together i wanted to take shot at a more of a higher probable setup to get myself out of the whole and not to dig deeper..
overall no problem.. market is full of high probable opportunities.. requires patience, patience..

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