Attachments: PRICE Accordingly

PRICE Accordingly

#2,841
Jun 20, 2012 4:33pm Jun 20, 2012 4:33pm

LuisPrinc
| Joined Aug 2011 | Status: Trader | 176 Posts

You are doing great Dean ! I am with you !
Show us how to trade so I can join you and become the happiest guy
I can be

Hey but you got good pips in your last trade, wonder why you closed so badly ? greed is bastard ?

#2,842
Edited 2:15am Jun 21, 2012 1:58am | Edited 2:15am

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

Quoting LuisPrinc

Disliked

You are doing great Dean ! I am with you !
Show us how to trade so I can join you and become the happiest guy
I can be
Hey but you got good pips in your last trade, wonder why you closed so badly ? greed is bastard ?

Ignored

thanks for your kind words.

I am showing.. if anyone got questions or need help all gotta do is ask and i will attend to it.

you lost me on your last sentence!!.. not sure what and which trade your talking about.

#2,843
Jun 21, 2012 2:06am Jun 21, 2012 2:06am

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

EJ long 100.95, sobt..

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#2,844
Jun 21, 2012 2:58am Jun 21, 2012 2:58am

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

ok, I break down the current trade up to so far..

as you can see I entered long and now it appears to be a Fake out (FO)..

how do i handle it..

number one, I do not PANIC as soon as there is a move against me.. why? bcz it could be a fake move against me as well.. or, a chance that price is falling into sideways move and not a certain runner against me.. or,not necessarily a strong move to quickly hit my hard sl and gives me chance to get out on the pullback (which happens most often).. so I chill the hell out and relax, trade at ease..
but once i spot it as a FO.. i look for the best way to get out for lesser damage..
*If it is a weak move against me.. i give it a chance to resume on the pullback of it, to see if it continues and perhaps moving towards intended direction of mine..
*If it is a stronger or more convincing move against me.. i try at first to HOLD my GROUND to make a exit for a BE.. but then if thats not happening i will eat anywhere from -10 to -20 loss and move on..
*if it is super strong.. well yes i will be hit with -50/-60.. and that is totally a fine loss for a strong move against me bcz it could be a lot worse and a possible fall into a trend against trade, its called damage control.
hard sl hit is about 20%.
anyways, this how i handle when position goes against me.

know this fact, Price don't move in a straight line at least not often.. so there is your chance to get in on the pulls and get out on the pulls.. don't get attached to your trade and learn to accept losses when you have to.

trade well everyone..

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#2,845
Jun 21, 2012 3:07am Jun 21, 2012 3:07am

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

Quoting P.Dean

Disliked

ok, I break down the current trade up to so far..

as you can see I entered long and now it appears to be a Fake out (FO)..

how do i handle it..

number one, I do not PANIC as soon as there is a move against me.. why? bcz it could be a fake move against me as well.. or, a chance that price is falling into sideways move and not a certain runner against me.. or,not necessarily a strong move to quickly hit my hard sl and gives me chance to get out on the pullback (which happens most often).. so I chill the hell out and relax, trade at ease..
but once...

Ignored

the pull.. and letting it develop to see if it will make it to the entry point.

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#2,846
Jun 21, 2012 3:37am Jun 21, 2012 3:37am

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

.. and the exit for -10..

not some time ago the move had me deep into -30 loss.

#2,847
Jun 21, 2012 4:24am Jun 21, 2012 4:24am

alesha77
| Joined Feb 2011 | Status: Trader | 68 Posts

Hello, P.Dean!
First of all i have to give my compliment for you to showing you real results, that i have not seen before anywhere. You're brave man!
I like the concept of TMA, it gives me the core for my trading. But my system is some kind of different. Mainly, i trade 15m TF and use TDI as the trigger. So would you mind if i'll post my trades here?

#2,848
Jun 21, 2012 4:33am Jun 21, 2012 4:33am

LuisPrinc
| Joined Aug 2011 | Status: Trader | 176 Posts

Quoting P.Dean

Disliked

thanks for your kind words.

I am showing.. if anyone got questions or need help all gotta do is ask and i will attend to it.

you lost me on your last sentence!!.. not sure what and which trade your talking about.

Ignored

I was thinking of your last trade on eur/usd long when you said it was a test to see after the news how it react. I hope you understand me.

Cheers buddy

#2,849
Jun 21, 2012 5:06am Jun 21, 2012 5:06am

alesha77
| Joined Feb 2011 | Status: Trader | 68 Posts

If you interested........

GU long trade +25.6 pips
Bounce from lower 15m TMA, 60m TMA, support. Didn't wait for TDI cross because the momentum was strong. TP at 200 SMA, below pivot, upper 15m TMA.

EU long trade - currently +15.1 pips
Bounce from lower 15TMA, not far from lower 60m TMA, round number, pivot.
TP is set below next pivot, RN. It almost reached it, shuold close it when it start to bounce back.

AU long trade - currently +12.6 pips
The same as EU

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#2,850
Jun 21, 2012 5:15am Jun 21, 2012 5:15am

alesha77
| Joined Feb 2011 | Status: Trader | 68 Posts

Closed EU +7.7, AU +8.3
EU made double top, AU - pinbars

#2,851
Jun 21, 2012 5:16am Jun 21, 2012 5:16am

alesha77
| Joined Feb 2011 | Status: Trader | 68 Posts

Total: +46.1 in 3 trades

#2,852
Jun 21, 2012 5:19am Jun 21, 2012 5:19am

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

Quoting alesha77

Disliked

Hello, P.Dean!
First of all i have to give my compliment for you to showing you real results, that i have not seen before anywhere. You're brave man!
I like the concept of TMA, it gives me the core for my trading. But my system is some kind of different. Mainly, i trade 15m TF and use TDI as the trigger. So would you mind if i'll post my trades here?

Ignored

sure you and others may share anytime.

just checked in now, sorry for the late reply as i have company atm.. i be free in 30 min or so..

#2,853
Jun 21, 2012 5:42am Jun 21, 2012 5:42am

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

Quoting alesha77

Disliked

If you interested........

GU long trade +25.6 pips
Bounce from lower 15m TMA, 60m TMA, support. Didn't wait for TDI cross because the momentum was strong. TP at 200 SMA, below pivot, upper 15m TMA.

EU long trade - currently +15.1 pips
Bounce from lower 15TMA, not far from lower 60m TMA, round number, pivot.
TP is set below next pivot, RN. It almost reached it, shuold close it when it start to bounce back.

AU long trade - currently +12.6 pips
The same as EU

Ignored

good trading alesha..

I do have similar play which i have introduced it in this thread as well.. its called NBT (neutral band trade).. i normally take such trades when i have a clear neutral wide band at hand and aim for the other side..
its a great play when market is not going anywhere playing inside 50/70 pips range.. you seem to be playing that very well.. nice job and thanks for sharing.

#2,854
Jun 21, 2012 5:47am Jun 21, 2012 5:47am

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

Quoting LuisPrinc

Disliked

I was thinking of your last trade on eur/usd long when you said it was a test to see after the news how it react. I hope you understand me.

Cheers buddy

Ignored

aha the fun trade..
well that one never did go profit higher than 5 pips and fo'd for almost 50 pips loss before exiting me at BE.. so i am not sure about greed it never saw wins.. i was fortune to exit that at no loss. anyhow i was not heavy load on that so no big deal.

#2,855
Jun 21, 2012 6:15am Jun 21, 2012 6:15am

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

gu long 1.5707 sobt..

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#2,856
Jun 21, 2012 11:12am Jun 21, 2012 11:12am

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

oh well, gu not to nice to me this week.. my fault on not closing positions when i had to.. np.. time for a long weekend to vegas for me.

I will trade with a force Monday sharp.

.. trade well everyone, enjoyed your company today.

#2,857
Jun 25, 2012 1:54am Jun 25, 2012 1:54am

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

hi.. first day of a new week to close out the month... I look to trade hard this week take action in most if not all signals..

current outlook..
short term dollar strength is visible and a momentum move in the same direction since franky open.. I look to get in on pullback when and if meets all the criteria of my signal..

ok, lets roll.. trade well everyone.

#2,858
Jun 25, 2012 4:02am Jun 25, 2012 4:02am