TBN / PATe - my experience/Your FREE opportunity

Hi Koopa, the rules are about 3/4 down this link http://priceactiontradingequation.co...ding-strategy/

Julie doesn't, at the moment, have the pdf's on her site, they are currently being provided on an 'as needed' basis

http://priceactiontradingequation.com/pivot-points/

This link is a little more focused I think.

OK thanks, I had already seen that page but was looking for something like "rule 1" etc..
As for the pdf could you post some more of them, I find them really interesting.

EU: the multiple failures of 1.3260 (ish) were very obvious and provided me with a SELL signal. A nice 40 pips there as the failure to make new lows below 1.3215 provided the exit.


Crude: Almost exactly the same; multiple failures of 106.35 (ish) and provided me with a SELL signal. A nice 70 pips there as the failure to make new lows below 105.60 provided the exit.

I saw 106.50 blocking north just after 9 and took a sell that I allowed myself to be bullied off for 20 pip loss. I could have taken this down to Pivot, so I have to learn this lesson. For me Pivot then provided support, so I took a buy at 11, and just exited as approaching red US news at 1:30 for +35. So a nett +15, and as I don't trade Oil Inventories no more today.

But there is Rule 1 through to rule 7 on that link Koopa

Regarding the pdf's, I have no problem either myself or HiArt posting them on here but, to be perfectly honest, they have been few & far between so you would probably be much better having direct contact with Julie, as she's obviously the person that they originate from.

Yes I know, I just meant the first time I looked for these rules I googled "rule 1" site: priceactiontradingequation.com so google looked on the entire site but could not find the exact "rule 1" expression on Julie's site. That's why I thought you were referring to another set of rules that I couldn't find on her website.

As for the pdfs I'd be glad if you could post the few others you have.

Koopa

For me this week has been, in the main, a watching brief.

Having discovered that, during the last year and a bit, I have acquired some really bad trading habits I have decided to sit back and watch/study the WTI and EU charts, concentrating on identifying tops & bottoms around PATe levels, too often in the past I have been guilty of jumping in the middle of moves and then suffering the obvious consequences.

Julie has kindly sent another great pdf, this one relates to WTI during Oil Inventories day, I hope that you enjoy it.

Crude:
Painfully slow session, but through the morning price failed to get back above MP once it got below. Sold here, but failed to get out when price got down to 108 BRN. I was waiting for a retest that never came and had to exit when price could not get below 108.10/15 for only 10 pips (poor exit in the end could have got a pip or two more).


Having established 108 BRN as the bottom, the move to 109 this afternoon was obvious, but missed it as I was walking the dog.
EU:
Much the easier market to trade this morning. Bought when price couldn’t get below 1.3365 but I exited at 1.3395 when it appeared that 1.3400 was resistance. Nice 30 pips, but I really have to learn not to exit prematurely, and another 20 pips was easily there for the taking.

I will take the positive: spotted the entries much easier this week.

Homework: learn to trust that moves will usually go further than just 20 to 30 pips. As Julie has siad, PATe is not a scalping strategy and I need to learn to trust my judgement.

Was at the Doctor's this morning so missed the nice move on both Crude Oil and EU. if I said I felt like death warmed up, that would actually be an improvement! May not trade much this week, unless I feel better.

EU opened as a R5 and after it had appeared to hold above MP at 07:48 I entered a buy, maybe unsurprisingly this went against me, a) there hadn't really been a significant move above MP and b) London session had not yet opened, another mistake that I made on this trade was riding it for the full loss!

Again on EU after making a LL I kept my eye on what would happen at PP, price breached this area which seemed to indicate that it had further to go, I entered a sell at 09:07 and exited as price approached/appeared to react at 1.34, this recovered my earlier loss and put me back to break even.

On WTI, which opened as a R7, and after making a new session low I entered a sell at 08:12 just below BRN, I managed this trade down to 108.39 at 11:01 at which point the move appeared to be losing momentum so I took my leave for 51 pips.

I have had distractions this morning and therefore probably shouldn't have been looking trade at all, that being the case I am more than happy with 51 pips from the London session.

I thought I'd feel better after a night's sleep, I'll let you know when I get one! So not only poorly, but now tired, poorly and just for good measure with an additional headache.

Social Services here today for their annual assessment of my disabled Mum's needs, and Doctors this afternoon. Perhaps a lie down if time permits. Don't expect to trade much today.

new pdf attached

Thanks a lot ! Very useful.

Folks,

Stochman is coming to stay with me for a few days, neither of use will be trading again this week.

i was wondering if you could help a newbie in this a bit more i read the site but find it complicated to start i hope julie does come up with a course in time. i do not think i can pm

I think she has an email on the link Stochman posted in his first post. But it's a fairly easy method once you understand it.

Two nice simple entries this morning on Nymex and EU. I have closed for 75 pips in total as Red News is coming up in a few minutes.

Hello HiArt,
Could you post screenshots of your morning trades please ?

Thanks

I had both EU & WTI as opening rule 1 sells, for me these were both confirmed when LH's appeared below both BRN's, I am now using single script entry and entered WTI at 07:31/106.82 with a take profit figure of 106.11, this was hit just prior to red news at 09:14 for +71 pips.

EU was a little creepier, I entered at 07:31/1.3182 with a take profit figure of 1.3147, just above S1, however with red news creeping up on me I exited the trade at 09:23/1.3169 for +13 pips, needless to say my stop loss was behind the session high for both trades.

So +84 pips from the European session seems like a great mornings 'work' for me, thanks Julie, I think, with your input, I am getting there, I now look forward to New York open!