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Pitbull Trader with Position Building

  • #1,161
  • Jun 8, 2012 5:34pm Jun 8, 2012 5:34pm
Thanks Fantastic!!!!
  • #1,162
  • Jun 8, 2012 11:32pm Jun 8, 2012 11:32pm
I think the last few weeks ive learnt at lot from the videos ,this wonderfull thread, and finaly i was able to talk last week on Pal Chat to MR Brijon.

Was so different than his videos, i understood better.

Mr brijon confirmed most for me including the importance, of the fastest moving curency is an indicater.

That importance, of the open and close price and the zones using the square with gan settings.

Using fractal breakout of the zones, with test small order on the zone lines .

As test order goes into profit of brokers spread, plus 3 it is a fractal breakout of the zone.

Then i place my main order, the best fastest moving currency of the three in profit on, take profit on my test order,let main order run with cycle.

My poor understanding is he uses take profit EA 12 pips? if he Is away from screen or 100 if hes there watching .

No stop loss but, in head he uses entry price of first test order, plus trading range .as his mental stop loss i think he said?

This my poor understanding of his method so far, and what i have learnt here.

I am sorry i am still trying to learn more by asking you and MR Brijon
question, when i catch him, on Palchat Room of MR Slats

Please tell me if my poor understanding of MR Courtney and Mr chips
and MR brijon, is wrong so far ,and could you add some more.

Have i missed something , im still trying hard but your help has finaly
made some sense , as i had difficulty with videos to understand .

I am so happy.

Thank you
  • #1,163
  • Jun 9, 2012 3:46am Jun 9, 2012 3:46am
Quoting Fantastic
I think the last few weeks ive learnt at lot from the videos ,this wonderfull thread, and finaly i was able to talk last week on Pal Chat to MR Brijon.

Was so different than his videos, i understood better.

Mr brijon confirmed most for me including the importance, of the fastest moving curency is an indicater.

That importance, of the open and close price and the zones using the square with gan settings.

Using fractal breakout of the zones, with test small order on the zone lines .

As test order goes into profit of brokers spread, plus...
Yep, that pretty much sums it up now on how brian trades the Pitbull signal.

It is a more refined way of trading the method, nothing wrong with the original of course but brian has now taken it to the next level.

Waiting for the momentum to indicate when to take the trade can be compared to watching a horse race, wait for the race to start, wait for a horse to pull away from the others then place the bet,, no guarantee that its going to win of course, but you do have the advantage over the other punters who placed bets before the race started.

A great method that is open to individul input to suit ones own lifestyle, expectancy etc.

M.
  • #1,164
  • Jun 10, 2012 12:03pm Jun 10, 2012 12:03pm
Hi

Here is my results of the week,a lot of mistakes trades cause of try to understand hedge and drawdown management but a very very lucky trades.Cause of my job i can't stay on my screen and use my phone not so easy.
i think im a little bit greedy and a confuse again.friday has big wins hedging with 1 lot and seeing S/R but it was too more high risk (above 20% DD)
This week i'll try to make a rotation with the pitbull indicator;close the 0.01 bottom profit line and enter at 0.05 and so on with each tenth profitable position

good week every one
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  • #1,165
  • Jun 10, 2012 11:27pm Jun 10, 2012 11:27pm
Quoting Fantastic
I think the last few weeks ive learnt at lot from the videos ,this wonderfull thread, and finaly i was able to talk last week on Pal Chat to MR Brijon.

Was so different than his videos, i understood better.

Mr brijon confirmed most for me including the importance, of the fastest moving curency is an indicater.

That importance, of the open and close price and the zones using the square with gan settings.

Using fractal breakout of the zones, with test small order on the zone lines .

As test order goes into profit of brokers spread, plus...
Ok, I used it to place a trade tonight; went short on GBP/JPY for 10 pips and made a 1% return on that trade.
  • #1,166
  • Jun 11, 2012 1:32pm Jun 11, 2012 1:32pm
Yep pitbull still seems ok

Russ
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  • #1,167
  • Jun 11, 2012 1:35pm Jun 11, 2012 1:35pm
indis
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  • #1,168
  • Jun 11, 2012 2:05pm Jun 11, 2012 2:05pm
Just collected another 1% gain, thanks to SAMIR!

One question though about this...Fantastic, are you running the basket in Demo, but opening live trades with the SAMIR as the confirmation? Or, are you opening all trades in a live account, and using the basket as a way of preventing the "real trade" from running away from you?

Or, put it this way, if a "real" trade does go against you, do you just hedge it (like Brijon would do) and then look for another directional trade?
  • #1,169
  • Jun 11, 2012 2:10pm Jun 11, 2012 2:10pm
Hi Russ
How to use your these indicators?
What is your method?
Where I can find this indicator?
THANKS
  • #1,170
  • Jun 11, 2012 9:32pm Jun 11, 2012 9:32pm
I use both, i use a stop loss on test orders trading 4 hour range entry price minus 5pips,

Then my main order i use the test orders entry minus 5 pips as stop losses

The zones example open close price of yesterday are strong support resistance levels , i think as i am learning and these times now are difficult
to be so sure on the cycles OF Profit Loss Profit longer term for me.

MR Brian uses these zones of opening and closing of yesterday plus the squares of 9 48 and 100 GAN numbers give me 3 zones plus 4 support and resistance lines , which i use for support and resistance.

AS MR Brian uses the breakout by a fractal of these zones or within these zones i can set my test stop losses very tight

The loss is then very small,
the main order is a lot bigger and my stop loss i set at the entry of the stop loss of my test order minus 5 pips

This method i read was used by one other trader a long time ago on the share market when the times were simular now,

I am not experienced like you in trading the Forex yet but this method seems good for me .

Using both live and demo /after much discussion with MR Brian he agreed that this was a good idea in these difficult times for live trading.

I would be happy for MR Russels help with his opinion and to direct me to this indicater he put on here it looks very good

I Hope you will be giving me your advise and help as im still learning this method but with you wonderful peoples help im slowly getting the knowledge together that is working for me

so far ive been very very lucky






Quoting SmartGXL
Just collected another 1% gain, thanks to SAMIR!

One question though about this...Fantastic, are you running the basket in Demo, but opening live trades with the SAMIR as the confirmation? Or, are you opening all trades in a live account, and using the basket as a way of preventing the "real trade" from running away from you?

Or, put it this way, if a "real" trade does go against you, do you just hedge it (like Brijon would do) and then look for another directional trade?
  • #1,171
  • Jun 11, 2012 10:20pm Jun 11, 2012 10:20pm
I include my simple chart to help as explanation to my post
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  • #1,172
  • Jul 4, 2012 11:03am Jul 4, 2012 11:03am
1.8% today on the shorts eujpy gbjpy.
  • #1,173
  • Jul 8, 2012 2:07am Jul 8, 2012 2:07am
super result MR Courtney i watched brijons on palchat using rsi settings 6 and 13 cross and the curency meter on THE USDJPY
Amazing pitbull trading at its best both you and brijon just seem incredible
i hope in the future to do the same
  • #1,174
  • Jul 8, 2012 7:42am Jul 8, 2012 7:42am
Quoting Fantastic
super result MR Courtney i watched brijons on palchat using rsi settings 6 and 13 cross and the curency meter on THE USDJPY
Amazing pitbull trading at its best both you and brijon just seem incredible
i hope in the future to do the same
I'm assuming that the RSI cross is an entry indication, which is confirmed (or otherwise) by the currency meter?

Cheers

Paul
  • #1,175
  • Jul 8, 2012 8:13am Jul 8, 2012 8:13am
yes it seems to work great from my understanding , forgive me im learning too so far its working for me

Quoting batemap
I'm assuming that the RSI cross is an entry indication, which is confirmed (or otherwise) by the currency meter?

Cheers

Paul
  • #1,176
  • Jul 8, 2012 8:21am Jul 8, 2012 8:21am
This is the first I've heard of the rsi deal. When is Brijon usually on palchat? Thanks
  • #1,177
  • Jul 8, 2012 11:51pm Jul 8, 2012 11:51pm
i saw him on Forex trading room a few times in the past sent him an im message and was lucky to be invited on to his skype i think he goes on Slats Advanced Trading Room mainly now


Quoting tb62
This is the first I've heard of the rsi deal. When is Brijon usually on palchat? Thanks
  • #1,178
  • Jul 9, 2012 12:18am Jul 9, 2012 12:18am
Interesting. I haven't seen the use of RSI in this method.
I am still staying away from chart analysis with PB.
+6.93 last week.

I am still doing just the basics.
10 pair basket + samir
trend
trade bottom pair
bank profit
control DD
build equity
keeping it KISS so I can master it to a high degree.
life's complicated enough.
Cheers.
CW.
  • #1,179
  • Jul 9, 2012 2:39am Jul 9, 2012 2:39am
Reading this thread and watching the videos one could get the impression that you open the basket and quickly take lots of trade, quickly banking profits and completing 100s of trades a day, ak printing money.

My experience is not always like this.

For example, current basket open at 6.30 am GMT
time 8.35 gmt and no trades taken.
Glimmer of a trend to the long side but for me its to early.
So no trades, just waiting.

Also some of my trades are open for 2/3/4 hours.

Taking time and looking at the trend (basket & samir) and placing trades moving with some strength I find works best for me.

Just wanted to put a differing context on this method. It not all bluster and fast moving printing money and scalping.

Anyone seen Chips!
  • #1,180
  • Jul 9, 2012 7:54am Jul 9, 2012 7:54am
Is Slats Advanced room in Paltalk or skype?

Quoting Fantastic
i saw him on Forex trading room a few times in the past sent him an im message and was lucky to be invited on to his skype i think he goes on Slats Advanced Trading Room mainly now
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