Against Conventional Wisdom

I'm not posting the Daily chart today as the "human element" of anything can happen has intervened. This changes some things we have looked at and expected. But that's the way it goes and with this system you can rapidly adjust to any new scenario. I was looking for the support area I mentioned last night getting broken an it never happened. This resulted in some other changes in the charts. I will discuss this more this weekend.

Sir, I have been with this man for going on 9 months and to this day have never been given nor suggested a "entry or exit" point. I will tell you that if you are chosen as one to be tutored by him you will learn things far past your imaginations. But sir, it's a long road that takes focus and faith but so well worth every minute you are allowed to share with him. God Bless you.

Duffy, he was just asking how you would trade a situation such as this. He was not asking for an exact entry/exit. As you well know, each scenario is different. He is also a friend of mine, so go easy on him. OK.

The Trading Area

I have mentioned the Trading Area numerous times and have had some requests for more clarification.

Basically the Trading Area is the area between the inner Bollinger Bands. This system uses two sets of Bands. And as everything with it, they are not set with the conventional parameters.

I know what your thinking. Bollinger Bands are just standard deviation envelopes. To the majority this is true. But the truth is far from that. If you know the full power of the Bands and learn the nuances of how they work, they become a very powerful addition to your trading. I showed you one example today of the power of these bands. Although I did not give much detail, I figured as they say, a picture is worth a thousand words.

Knowing what the Trading Area is will also help with a subject I will talk more about soon and that is the Moving Paradox.

Tomorrow is the last trading day of the month and I believe the banks have taken price to where they want. At least for tonight. So I am not expecting anything of significance this evening.

Last night before going to bed I placed a trade in going short off resistance. I had BE set and TP open because according to resistance the market was down and a possible 80-100 pips was open. Every time I set BE I also set a price alert on BE and on the 01:30 bar the price alert went off letting me know my BE was closed.

I got up to see what was going on and noticed support was also being strong and holding. I waited on the 02:00 which tested resistance again and in the trade for a short I entered. This time I place 40 TP just above support and went back to bed. I was up again about 07:00 and profit was there - Below is showing the entry.



On the 08:00 candle resistance was tested again and entry I made for another 40 pips - Entry showing below.



On the 11:00 candle support was broken severely in which I took the hit for the long as spzd had explained earlier; I rode it to the top side for another 65 pips for a total of 145 pips in less than 12 hours - Entry showing below.



You are asking what is my reason for being in the Forex? My reason is because of my covenant in giving away a minimum of 50% of my profit every month. Some months I give away 60% and others – 70%. And this money goes to the children of my country that is starving to death because our Government cares less of what happens to our people. I give money away to shelters for the homeless that has no-where to go with no fault of their own. Money is given away for families that are struggling day by day because our economy is higher than the wages that are given out. That is my reason for being here in the world of trading. So tell me - what is your reason?

Tomorrow is Friday and Spzd had given you a week of his time to give you a basic understanding of knowledge and wisdom when it comes to trading. I am going to ask Spzd to close his thread tomorrow with a summery and if you need any more information then you can contact him.

Tks SPZD and Dove to allow this thread as it help me to see that I am very far from the right trading knowledge.Really hope that this thread can continue to help all who want to learn correctly and able to contribute to the world's social ill.

I want to thank everyone who took the time to view this short lived thread. I hope it helped some of you to see this market in a different light.
Doing this thread this past week has been enjoyable. In hindsight it could have been done better, but with everything coming off the cuff, I believe I got my main point across. As you have no doubt figured out, this is the system Dove trades. The way to look at the market, as I have pointed out, is how you need to see it in order to trade this system. Because this system is not for everyone I was limited in what I could show you. Hopefully it was enough.

This system is all about losing the baggage and getting balance. The baggage you lose and the balance you need not only refers to the system, it also refers to your life. In essence they are intertwined. When I first came to Dove's class, I was filled with baggage and had no balance. At first, while still carrying the baggage and still being out of balance I struggled. Through Dove's tutelage and my willingness and desire to see things beyond myself, that baggage was shed and balance came into being. That was when I started making progress. Now, nearly eighteen months later I can easily and proudly say, "I am a new creation."

Dove asked a very poignant question. "Why do you trade?" For most, the answer is simply for the money. That answer is why most fail. When you change the focus for the reason you trade is when you open the door for the potential of true success. The county I live in is in the bottom 15% economically. Poverty, true poverty, is over 20%. I don't give anywhere what Dove does, but every bit I do give goes to organizations and charities that help the people right here in my own backyard. Am I originally from here? No, I am not. Many would ask, then why don't you leave? And just that question shows baggage and lack of balance. Why am I here and why do I stay? I believe God sent me here to help as much as I can. I stay because it has become my home and being here helps keep me balanced.
So as you see, it's not just the system, it's life and your relationship with God.

Dove is ready to pass the baton of teaching this system and I have willingly accepted to give it my best effort. Fear not though, he will still be here with guidance and wisdom. If you feel you want to try to learn this system and truly make a difference and become successful, contact me. If you think this is a bunch of crap then go your own way.

I wish all of you the best.

God Bless

tricks get tricked

SPZD congratulations on such an amazing way to trade! It is all about giving back......helping others....I agree with dove_alliance.

Dove_alliance I have been following the tread from the beginning, no talking too much but your post definitively made me talk......
The reason I trade? Is 100% the same as yours......to help all those hungry children......and the homeless elderly......

Thank you both...:thumbsup

Spzd, how can I contact you or dove_alliance? Thanks.

sojourner7 AT gmail Dot COM

Hi spzd,

I have been in ff for more months and tried many systems, but without much success.
Then I was directed to your thread yesterday just by coincidence.
I think everything that happens in one´s life has sense and does not happen only so. The God makes our way through this world and I think he sent me to your thread.
I like the way you think and agree with the fact that there is big unfairness in the world.
I am from Slovakia in Central Europe.
We are a small country. Only 20 years after socialism. There was balance at the beginning of democracy but now just after 20 years there are big social differences with politicians and their friends on the top, then big gap and normal people on the bottom trying to live from one salary to another. And no matter what kind of government is they look only at themselves taking from ordinary people bigger and bigger part of their money. I know money is not the most important in one´s life.
The most important is balance, not only in life but also within yourself.
I sometimes help homeless and would like to help them more but my funds are limited.

Could you please help me and teach me ?

Unfortunately I am only a Junior member and cannot contact you by email or pm.

Kind regards

Peter

PS: IAfter this post my status is a Member so I already sent you an email.

If only I discovered this thread earlier.
I really want to learn the DOVE system not because I just want to learn and earn money but because the essence and the philosophy behind this system.

The spiritual purposes and the anti-greed philosophy. I firmly believe that learning those things will make me successful not only in forex but most especially with my relationship with God having no greed and love for money and having the willingness to share the God blessings to other which I believe is the really essence why God chose people to be successful.