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  • #3,021
  • Feb 22, 2013 2:12am Feb 22, 2013 2:12am
Morning all,

Obviously we got a lot of movement as of couple of days ago. on 5m I see most major pa is beginning to make new swing outs to opposite of previous London & Asian session, remains to be seen how well it does or if its a false breakout. The good thing about our style is that all this would be revealed as time passes and keep you safe from getting in on no-mans-land.

let's roll with force, getchhh yo game face on.. lol
  • #3,022
  • Feb 22, 2013 2:25am Feb 22, 2013 2:25am
Quoting P.Dean
I am long on CJ sbpt setup off the 61% fib level.. aiming for at least 70, risking 55.
closed this at BE when i got a immediate fo for scary test of sl.. so once that happens i normally set the tp to BE and hope for the best.. so luckily it came back for even close.
  • #3,023
  • Feb 22, 2013 2:27am Feb 22, 2013 2:27am
I am currently short on gu sbpt hourly tf.. risking 65 for 120. will trade the 1hr setups at half lot for now.
  • #3,024
  • Feb 22, 2013 2:34am Feb 22, 2013 2:34am
I missed out on trading the current move on ej & cj they were valid setup. Nothing is worst than missed opportunities in trading in my opinion. I missed another one on eu couple of days ago, also a winner. Not good. this one really irritated me bcz I was in the move already from up higher with 1hr sbpt setup and let that effect me on the 5m trading which I normally treat them separately even if they are against of each other bcz simply the agendas of these two are very different per targeting.. and on top of all I close the eu for +28 instead of my target of +80.. lol.. so quite a fuck up.
I'll show you guys my mistakes and misses so you can even get a better grasp of this folks. Like I said before.. my losses are wins for you and my wins hopefully are bigger wins for you.
chart pic will tell you the story.

I hope it serves well.
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  • #3,025
  • Edited 3:12am Feb 22, 2013 2:59am | Edited 3:12am
Quoting P.Dean
I missed out on trading the current move on ej & cj they were valid setup. Nothing is worst than missed opportunities in trading in my opinion. I missed another one on eu couple of days ago, also a winner. Not good. this one really irritated me bcz I was in the move already from up higher with 1hr sbpt setup and let that effect me on the 5m trading which I normally treat them separately even if they are against of each other bcz simply the agendas of these two are very different per targeting.. and on top of all I close the eu for +28 instead of...

too bad you missed a good move
but i know you will collect them all later in the future!!

in my case, i look at all jpy pairs and enter when i see setups with -10 sl (when Low is within the -10 pip range)
with this, i took chfjpy(+20), usdjpy(+10), nzdjpy(on), and audjpy(on).
let see how things will go today!

many pips to you, dean! and all of contributors on this thread.
J

EDIT: NJ(+17), AJ(+23)
  • #3,026
  • Feb 22, 2013 3:09am Feb 22, 2013 3:09am
Quoting Jhfx
too bad you missed a good move
but i know you will collect them all later in the future!!

in my case, i look at all jpy pairs and enter when i see setups with -10 sl (when Low is within the -10 pip range)
with this, i took chfjpy(+20), usdjpy(+10), nzdjpy(on), and audjpy(on).
let see how things will go today!

many pips to you, dean! and all of contributors on this thread.
J
Thanks for well wishes.
good on you to be on all those setups.. share some of your charts if you don't mind J.
My problem is the constant screen timing.. but soon all that will be solved.
just a food for thought.. I think if the (-10sl) is a concert rule for you, then you may will end up with not much signal or a lot of missed opportunities as the size of the sl has nothing to do with the success rate of the setup.. sure it controls the MM but as long as the loss averages under 20 your sitting good.. this is just my recommendation of course do what fits well for you, thats what its all about.
  • #3,027
  • Feb 22, 2013 3:16am Feb 22, 2013 3:16am
Quoting P.Dean
Thanks for well wishes.
good on you to be on all those setups.
just a food for thought.. I think if the (-10sl) is a concert rule for you, then you may will end up with not much signal or a lot of missed opportunities as the size of the sl has nothing to do with the success rate of the setup.. sure it controls the MM but as long as the loss averages under 20 your sitting good.. this is just my recommendation of course do what fits well for you, thats what its all about.
thank you for your reommendation.
I look at pairs like chfjpy, usdjpy, gbpjpy,eurjpy, audjpy, nzdjpy, and eurusd
when i get signals from multiple pairs, i try to look at pairs with minimum risk.
with 20SL i would probably have gone into trade like gbpjpy and eurjpy, but rather takes trades with lower risk.
that is just my little low risk managing...(i think)
but i will definitely consider 20SL when i get nice moves!

thanks!
J
  • #3,028
  • Feb 22, 2013 3:57am Feb 22, 2013 3:57am
Quoting Jhfx
thank you for your reommendation.
I look at pairs like chfjpy, usdjpy, gbpjpy,eurjpy, audjpy, nzdjpy, and eurusd
when i get signals from multiple pairs, i try to look at pairs with minimum risk.
with 20SL i would probably have gone into trade like gbpjpy and eurjpy, but rather takes trades with lower risk.
that is just my little low risk managing...(i think)
but i will definitely consider 20SL when i get nice moves!

thanks!
J
That's good.. gotta have a predetermined plan.
just one question.. how do you deal with high spread on some of the more exotic jpy pairs.. NJ 8, gj7 for example.. its hard to get a total of 10 pips riskl with those spreads, don't mean to nit-pick here just wondering.
  • #3,029
  • Feb 22, 2013 4:33am Feb 22, 2013 4:33am
Quoting P.Dean
That's good.. gotta have a predetermined plan.
just one question.. how do you deal with high spread on some of the more exotic jpy pairs.. NJ 8, gj7 for example.. its hard to get a total of 10 pips riskl with those spreads, don't mean to nit-pick here just wondering.
now that is out of my limits... i cannot determine that (obviously...)
but i have chosen my broker based on fast execution and spread
Paird(pip) : UJ(0.2), GJ(1.7), CJ(1.7), EJ(1.0), AJ(1.0), NJ(1.0)

http://www.myfxbook.com/forex-broker-quotes/armada-markets/1139

you can see live spread on myfxbook.

thanks,
J
  • #3,030
  • Edited 5:28am Feb 22, 2013 5:04am | Edited 5:28am
Hallo, P.Dean, i found a cople of days your system and i find very good, i'm just trading it in demo and i would concentraid in eu/yen and eu/us i prefer the yen par because is more profitable if do gut the trade despite is more risky.i would like ask you same think, trade from U/D thema? to midle band or to the contrarian site? i read the settings in the firts page but i d'ont understand all because my bad english.Can you please in a few words put the mains buys and sells tread?
Regards and TY
Quoting Jhfx
now that is out of my limits... i cannot determine that (obviously...)
but i have chosen my broker based on fast execution and spread
Paird(pip) : UJ(0.2), GJ(1.7), CJ(1.7), EJ(1.0), AJ(1.0), NJ(1.0)

http://www.myfxbook.com/forex-broker-quotes/armada-markets/1139

you can see live spread on myfxbook.

thanks,
J
  • #3,031
  • Feb 22, 2013 6:14am Feb 22, 2013 6:14am
Quoting Jhfx
now that is out of my limits... i cannot determine that (obviously...)
but i have chosen my broker based on fast execution and spread
Paird(pip) : UJ(0.2), GJ(1.7), CJ(1.7), EJ(1.0), AJ(1.0), NJ(1.0)

http://www.myfxbook.com/forex-broker-quotes/armada-markets/1139

you can see live spread on myfxbook.

thanks,
J
nice those are great spread. thanks for the post.
  • #3,032
  • Feb 22, 2013 6:30am Feb 22, 2013 6:30am
Hi P.Dean can you replay my last post nš 3030?
TY
  • #3,033
  • Feb 22, 2013 6:45am Feb 22, 2013 6:45am
Quoting mel3
Hi P.Dean can you replay my last post nš 3030?
TY

Hi mel and welcome to the thread.
I think there is plenty of live charts of mine and others that speaks 1000's of words.. please study through them.
.. and i recommend as a newbie to only look for Striking Band Pullback Trade (SBPT).. it offers the highest probability of all our others setups.
  • #3,034
  • Feb 22, 2013 7:03am Feb 22, 2013 7:03am
Ok...
The Striking Band Pullback Trade setup (SBPT)

A) swing out.. strong enough to make the band look striking (trending looking)
B) PB to opposite band and 100EMA
C) EMA moving from inside of the band and ranging mood to trending by being overlapped or drawn outside of the band. (its a visual way to measure the strength of the swing to validate the setup).
D) PB reaction to both, Opposite band (for sell upper band for buy lower band) and EMA.
E) entry point after 1st closed candle below the EMA and opposite band with MACD confirmation visible with 1st narrow bar close.
That's it, nice and simple.


I hope it helps.
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  • #3,035
  • Feb 22, 2013 7:24am Feb 22, 2013 7:24am
Quoting P.Dean
Ok...
The Striking Band Pullback Trade setup (SBPT)

A) swing out.. strong enough to make the band look striking (trending looking)
B) PB to opposite band and 100EMA
C) EMA moving from inside of the band and ranging mood to trending by being overlapped or drawn outside of the band. (its a visual way to measure the strength of the swing to validate the setup).
D) PB reaction to both, Opposite band (for sell upper band for buy lower band) and EMA.
E) entry point after 1st closed candle below the EMA and opposite band with MACD confirmation...
simple and efficient!
big thank you!

two questions...
where do you put SL and TP??
and is it really necessary to put macd? because i have yet to see an example where macd filters the trades

thank you
J
  • #3,036
  • Feb 22, 2013 7:32am Feb 22, 2013 7:32am
Quoting Jhfx
simple and efficient!
big thank you!

two questions...
where do you put SL and TP??
and is it really necessary to put macd? because i have yet to see an example where macd filters the trades

thank you
J
good questions..

My sl goes right below or above the PB end point.. 3pips buffer + spread on all orders (Tp,SL,Trigger).. and TP I look for +30 and reaction to the LL HH point.

Macd confirms for me that the PB is reaching the end point.. instead of just going with candle formation and it cross closing of it. its more of a discipline issue to not jump the gun early in the middle of the candle/bar time and wait for the close for better decision... and for back test purposes.
  • #3,037
  • Feb 22, 2013 8:15am Feb 22, 2013 8:15am
TY P.Dean, is ok this example was for sell and i think the opposite for buy.I will post the next days how i do.
Regards
Quoting Jhfx
simple and efficient!
big thank you!

two questions...
where do you put SL and TP??
and is it really necessary to put macd? because i have yet to see an example where macd filters the trades

thank you
J
  • #3,038
  • Edited 8:38am Feb 22, 2013 8:18am | Edited 8:38am
IS OK
  • #3,039
  • Edited 9:01am Feb 22, 2013 8:47am | Edited 9:01am
Sorry i have just read post 116 and the question is resolved.
TY
Regards
Quoting P.Dean
Ok...
The Striking Band Pullback Trade setup (SBPT)

A) swing out.. strong enough to make the band look striking (trending looking)
B) PB to opposite band and 100EMA
C) EMA moving from inside of the band and ranging mood to trending by being overlapped or drawn outside of the band. (its a visual way to measure the strength of the swing to validate the setup).
D) PB reaction to both, Opposite band (for sell upper band for buy lower band) and EMA.
E) entry point after 1st closed candle below the EMA and opposite band with MACD confirmation...
  • #3,040
  • Feb 22, 2013 8:55am Feb 22, 2013 8:55am
Quoting P.Dean
good questions..

My sl goes right below or above the PB end point.. 3pips buffer + spread on all orders (Tp,SL,Trigger).. and TP I look for +30 and reaction to the LL HH point.

Macd confirms for me that the PB is reaching the end point.. instead of just going with candle formation and it cross closing of it. its more of a discipline issue to not jump the gun early in the middle of the candle/bar time and wait for the close for better decision... and for back test purposes.
excellent!

thank you
J
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