PRICE Accordingly | Page 138 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Close Price VS Median Price (or other price types) 33 replies

House price data price action 1 reply

Why closing price is not the same as opening price? 1 reply

Price on charts vs. Bid and Ask price 1 reply

differences between chart price and trading price 2 replies

Attachments: PRICE Accordingly
Exit Attachments

PRICE Accordingly

  • #2,741
  • Apr 16, 2012 11:41am Apr 16, 2012 11:41am
Dean, on April 4 I saw that your Trade Explorer showed your balance is down -3.4% and I said in the thread "Extreme TMA System":

Quoting Favorite
I remembered your old Trade Explorer (you remember, the one with 69%), and I went to the new Trade Explorer that you just opened this week and I saw that this new Trade Explorer is on the losing side already.
And you answered:

Quoting P.Dean
the reason it has been a loser it's bcz i am not trading it full time, once i do you will see how the results reflects. I will be full time on all my accounts this coming Monday
As far as I understand now you trade full time and you're down 10.6% in just one day. And it is not just the equity, it is the balance too, all the trades are closed. Can you explain it? Probably on April 4 it was not about you not trading full time?

P.S. I don't want you to tell me what you told Behzad.H. I think losing 10.6% in one day is pretty serious and since this thread is all about your trading I think I can ask this question.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,742
  • Apr 16, 2012 1:10pm Apr 16, 2012 1:10pm
Hi my favorite..

Yes lost 10.6% in one day.. and if I keep this up I be out of business under 10 days.. no excuses.. no flinch either.

regards,
  • #2,743
  • Apr 23, 2012 2:25am Apr 23, 2012 2:25am
Hello everyone,


I know some or most of you do check things out in here. I also know that I lost 26% last week alone and now down 22% on the account in overall.


I just don’t want you to think that I am hiding due to the bad results.. that’s the last thing I will ever do, it just ain’t my style. Losing is part of this game and it happens to best of us, however losing the way I lost last week is totally inexcusable and I am sorry if I disappointed you and if diminished your confidence in this system if this is what you have been following. I want you to know with all confidence that the Style of trading been offered in here is solid, the problem will for most part lay in the executor, and yes that’s me for one.
Believe it or not I am just finding myself in a groove.. everything will be fine for my sake. I will be active trading superbly and if you need any help while I am around all you gotta do is ask. hopefully my better results to come will also help you somewhat and leave positive note.


My best wishes as always is for everyone to find your way with the beast and be successful.


regards,
Dean
  • #2,744
  • Edited 5:04am Apr 23, 2012 2:50am | Edited 5:04am
If I am still qualified and may.. back to drawing board explaining in the nutshell..



The bearish move at the moment is the only insight a chartists retail trader can get into what’s happening at moment behind the scene for possible short term direction of the market. Solely PA will rule over anything else to begin with.

IMHO to ever get involved in the market you atta see something like this first (a striking move), and then to only find a way to get in at cheaper price, perhaps when it pulls back and hope for a continuation to test the LL/HH breakout. This little thing in my opinion will give you a high probability setup, that’s it.



Now waiting for a valid PB..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 54 KB
  • #2,745
  • Apr 23, 2012 5:00am Apr 23, 2012 5:00am
SMBT sell trade had to close with 4 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 20 KB
  • #2,746
  • Apr 23, 2012 5:12am Apr 23, 2012 5:12am
Quoting kester
SMBT sell trade had to close with 4 pips
Dear kester.. stay patience with your trades..
sure this way you don't lose much but you don't win much either.

Your risk with sl behind the last High is not much more than 15pips, thats pretty much the lowerst risk one trade can possibly have overall speaking, but your win could be easily around 20 or 30 pips.. so, with short term trend behind you and favorable RR its worth letting the trade to develop before making a panicky exit and losing out on a solid winner.

this is just a brotherly advise.
  • #2,747
  • Apr 23, 2012 5:17am Apr 23, 2012 5:17am
my two trades for today so far..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 46 KB
Click to Enlarge Name: 2.gif Size: 56 KB
  • #2,748
  • Apr 23, 2012 5:50am Apr 23, 2012 5:50am
Quoting P.Dean
Dear kester.. stay patience with your trades..
sure this way you don't lose much but you don't win much either.

Your risk with sl behind the last High is not much more than 15pips, thats pretty much the lowerst risk one trade can possibly have overall speaking, but your win could be easily around 20 or 30 pips.. so, with short term trend behind you and favorable RR its worth letting the trade to develop before making a panicky exit and losing out on a solid winner.

this is just a brotherly advise.
Yes Boss. Thanks for the brotherly advise. Much appreciated
  • #2,749
  • Apr 23, 2012 5:59am Apr 23, 2012 5:59am
Quoting kester
Yes Boss. Thanks for the brotherly advise. Much appreciated

no problem brother.
please do not call me boss.

regards,
  • #2,750
  • Apr 24, 2012 2:31am Apr 24, 2012 2:31am
eu long smbt.. uc short sobt
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.gif Size: 55 KB
Click to Enlarge Name: 3.gif Size: 47 KB
  • #2,751
  • Apr 24, 2012 7:16am Apr 24, 2012 7:16am
Good 14 pips from this AU SBT buy
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 20 KB
  • #2,752
  • Apr 25, 2012 6:15pm Apr 25, 2012 6:15pm
okay I've read the first few pages of this thread a few times to understand the rules but I'm still a bit confused.

1) Regarding the RF bars: we would only buy once a new bar opens upwards and only if the previous bars closed downwards?

2) On a neutral band, the rules say to trade both ways. So does that mean buy/sell at the middle, or try to guess where the peaks will be?

3) For striking bands, we would trade in the opposite direction when signals are appropriate?

4) For mildly striking bands, the rules say to look for DT/DB. Is it possible that there could be a tripple top/bottom and if so what is the appropriate action to take? (assuming you sold/bought after the DT/DB)

5) I don't get what the buy/sell signals are. Could someone please explain them to me?
  • #2,753
  • Apr 26, 2012 1:29am Apr 26, 2012 1:29am
Quoting jeseravi
okay I've read the first few pages of this thread a few times to understand the rules but I'm still a bit confused.

1) Regarding the RF bars: we would only buy once a new bar opens upwards and only if the previous bars closed downwards?

2) On a neutral band, the rules say to trade both ways. So does that mean buy/sell at the middle, or try to guess where the peaks will be?

3) For striking bands, we would trade in the opposite direction when signals are appropriate?

4) For mildly striking bands, the rules say to look for DT/DB. Is it possible...
Hi jeseravi,

1).. yes you buy and sell on the close of the RF bar open and close which correlates with the candle that fits the appropriate setup.. you set your order 3.3pips + spread above/below.

2).. no you do not consider the middle only the outer bands.. for eg.. you sell on the top band and aim for the lower band and vise-verse.

3).. if i understand you question right... NO you do not trade in the opposite direction, you trade on the opposite direction of the pullback of the striking band, which it means your going with the main direction of the striking band.

4).. sure you can.. the main point is to not trade unless you see at least two failure, aka DB/DT.. now if you get a triple, even better, most likely at that time you got a neutral band at hand bcz pa has stall so much.

5).. i don't understand this one.. just recognizing the formation and setups, then you trade it, thats as far as it goes for buy or sell signal.

now my advise to you as a thread newbie,
I recommend for you to stick to our sbt and smbt setups bcz they are our higher probable plays..
1) do you best to recognize the bands position.. striking or neutral or mild striking..
2) once that's established.. look for the pullback to either a) mid-band SMBT, B) opposite band SBT.
practice these two setups first after some screen time established you will find comfort to go for all other signals.

I hope it helps you.. I be around today if need more help.

best of luck.
  • #2,754
  • Apr 26, 2012 2:03am Apr 26, 2012 2:03am
Boring market this week.. the avg price range for last five days is between 50-60 pips, its very low. Hard to make money with smbt sbt signals but ok for NBT signals, still nothing sexy. the best part is we do not lose money in this kind of conditions, and that counts for a lot.

some words anyways, I am bored.. lol.
  • #2,755
  • Apr 26, 2012 2:17am Apr 26, 2012 2:17am
long on AU, sbt..

this pair is the only live looking one.. others are just too dead.
lets see what happens.
  • #2,756
  • Apr 26, 2012 2:51am Apr 26, 2012 2:51am
well some bullish movement after londi open.. looks like will hit the tp on the AU and more signal coming our way since the band is turning to striking one.

good luck all.. i will hit the tennis court for now.
  • #2,757
  • Apr 26, 2012 3:59pm Apr 26, 2012 3:59pm
Thanks a ton for your help!

My only remaining question is if the retrace finder CCI or TMA true v2 have to be tweaked from their default settings or not.
  • #2,758
  • Apr 27, 2012 12:38am Apr 27, 2012 12:38am
Quoting jeseravi
Thanks a ton for your help!

My only remaining question is if the retrace finder CCI or TMA true v2 have to be tweaked from their default settings or not.
No need to tweak anything at all, those two indies are custom made to my taste of this thread.
the only thing on RF.. change the xd_buffer.pips from defult 3.0 to 3.3. that will give you the correct entry based on my recommendation.
you good to go bud just get active and post some live trade charts if i see anything wrong i will point it out.

good luck,
  • #2,759
  • Edited 7:21am May 3, 2012 6:23am | Edited 7:21am
Out with +10 pips

Currently on this AU trade. let see how it plays out
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 21 KB
  • #2,760
  • May 8, 2012 1:24am May 8, 2012 1:24am
eu short sbt..
Attached Image (click to enlarge)
Click to Enlarge Name: 3.gif Size: 48 KB
0 traders viewing now