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  • #3,061
  • Feb 25, 2013 1:53am Feb 25, 2013 1:53am
My firth lives trade with the system.Because to begin i want to be prudent i closed with 10 pips benefits, now i prefer to win confidence.
TY
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  • #3,062
  • Feb 25, 2013 3:15am Feb 25, 2013 3:15am
Quoting torbarxa
Hi all,

First of all congratulations for your thread, and your impressive trades!!!
Today took first trade with your system in EJ, after double top in the high band, for nice 35 pips profit!

Best regards.
Xavi.
Thanks for the kind words

.. nice job X man.. great reco of the early neutral band and take down of the NBT setup.
  • #3,063
  • Feb 25, 2013 3:19am Feb 25, 2013 3:19am
Quoting mel3
My firth lives trade with the system.Because to begin i want to be prudent i closed with 10 pips benefits, now i prefer to win confidence.
TY
congrats on your 1st live trade and a winner.

Not the best setup as the up move not as strong as it should be but overall not bad.
  • #3,064
  • Feb 25, 2013 3:28am Feb 25, 2013 3:28am
Got a q about ur GBP/USD trade Dean:
Did you have anything particular in mind when holding it over the weekend or what was the reasoning?

Cheers
  • #3,065
  • Edited 3:47am Feb 25, 2013 3:34am | Edited 3:47am
TY, a question please, why you tell not strong enough?, i took the trade at the LL of TMA and a quit out because the resistance was nearly, what you see an the price to find it weak?was a NBT trade setup?
Regards
Quoting P.Dean
congrats on your 1st live trade and a winner.

Not the best setup as the up move not as strong as it should be but overall not bad.
  • #3,066
  • Feb 25, 2013 4:08am Feb 25, 2013 4:08am
Quoting baccarat
Got a q about ur GBP/USD trade Dean:
Did you have anything particular in mind when holding it over the weekend or what was the reasoning?

Cheers
sure, I am directly connected to Bank of England.. hehehe

Nothing in particular my friend other than just sticking to trading plan and that is to not easily give on a trade prior target. However it was a massive gap and i did not expect that.. surely if it had gone the other way it would have got me big time.. but GU is in a massive bear trend and that give a bit of comfort when you leave trade on in the same direction. Orginally i had got in this trade at a very cheap price and was looking for at least the retest of the LL.
  • #3,067
  • Feb 25, 2013 4:18am Feb 25, 2013 4:18am
Quoting P.Dean
sure, I am directly connected to Bank of England.. hehehe

Nothing in particular my friend other than just sticking to trading plan and that is to not easily give on a trade prior target. However it was a massive gap and i did not expect that.. surely if it had gone the other way it would have got me big time.. but GU is in a massive bear trend and that give a bit of comfort when you leave trade on in the same direction. Orginally i had got in this trade at a very cheap price and was looking for at least the retest of the LL.
I see, i see...so where can i apply for that connection to the Bank of England? haha.

Thanks for your answer.

Cheers!
  • #3,068
  • Feb 25, 2013 4:20am Feb 25, 2013 4:20am
Quoting mel3
TY, a question please, why you tell not strong enough?, i took the trade at the LL of TMA and a quit out because the resistance was nearly, what you see an the price to find it weak?was a NBT trade setup?
Regards
The up move post the gap is about 70pips in a slow fashion.. PA has not struck out of the band far enough.. this normally results in a mild striking band and not full striking.. as you see it barely has drawn the EMA out of the band.
so when you got a small size slow moving action with price barely separating will result in ema just barely to overlap.. in such cases it's better to look for more strength setups.
also the reaction to the band on the Pb was a bit strong for the overall move.
as you see it's not shooting up like it should after the PB.. it may later.. but it may not either and this not where high probability setups are.
Its ok that you have taken a shot at it.. but being aware of what kind of strength your getting yourself involve is important so you could react to in accordingly and make the best trade management work possible.
  • #3,069
  • Feb 25, 2013 4:41am Feb 25, 2013 4:41am
atm EJ, CJ both are offering what kind of a band?

if you come up with the correct answer then you should know what setup fits best.

I am gunning for it.. lets see if it offers it.
  • #3,070
  • Feb 25, 2013 4:54am Feb 25, 2013 4:54am
Quoting P.Dean
atm EJ, CJ both are offering what kind of a band?

if you come up with the correct answer then you should know what setup fits best.

I am gunning for it.. lets see if it offers it.
Striking band imo? Looking for a MOM trade?
  • #3,071
  • Feb 25, 2013 5:16am Feb 25, 2013 5:16am
Quoting baccarat
Striking band imo? Looking for a MOM trade?
now it is..lol.. as soon as i posted the question it took of and now it the making of a striking band and a possible sbpt setup.
I was looking for a NBT setup out of a Neutral band (gray box) prior to this move but did not get a bear candle nor mac confirmation.
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  • #3,072
  • Feb 25, 2013 5:21am Feb 25, 2013 5:21am
Quoting P.Dean
now it is..lol.. as soon as i posted the question it took of and now it the making of a striking band and a possible sbpt setup.
I was looking for a NBT setup out of a Neutral band (gray box) prior to this move but did not get a bear candle nor mac confirmation.
Was looking for the exact same NBT with finger on the trigger and then it took off.
I am trading the monster right now - GBP/JPY, SBPT. Any thoughts?
  • #3,073
  • Feb 25, 2013 5:27am Feb 25, 2013 5:27am
sorry forgot pic.
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  • #3,074
  • Feb 25, 2013 5:40am Feb 25, 2013 5:40am
Quoting baccarat
Was looking for the exact same NBT with finger on the trigger and then it took off.
I am trading the monster right now - GBP/JPY, SBPT. Any thoughts?
sorry about the late reply.. it looks like your in a good one and it's working out for you.
However.. I would have not traded this. I really pay attention to the ema's position in relation to the band.. I want it to either overlap or drawn out before joining back. On this one it never did either. to me this is a wash play and in the log run will give a even results in a good cycle.. on a bad cycle, could be hurtful.

ps) to all..
Folks.. do not get me wrong here.. as i have mentioned in the pas in this thread, that, I do not let my tools to dictate my trading, i speak from proven status and endless chart study. so the setting of my tools is based on providing the best consistent probability.
  • #3,075
  • Feb 25, 2013 5:51am Feb 25, 2013 5:51am
Hi P.Dean, i was absendt the last houre now i'm looking the eu/yen for a MSCT whith DT, do you think is a correct idee?
TY
Quoting P.Dean
sorry about the late reply.. it looks like your in a good one and it's working out for you.
However.. I would have not traded this. I really pay attention to the ema's position in relation to the band.. I want it to either overlap or drawn out before joining back. On this one it never did either. to me this is a wash play and in the log run will give a even results in a good cycle.. on a bad cycle, could be hurtful.

ps) to all..
Folks.. do not get me wrong here.. as i have mentioned in the pas in this thread, that, I do not let my tools to...
  • #3,076
  • Feb 25, 2013 5:56am Feb 25, 2013 5:56am
Quoting P.Dean
sorry about the late reply.. it looks like your in a good one and it's working out for you.
However.. I would have not traded this. I really pay attention to the ema's position in relation to the band.. I want it to either overlap or drawn out before joining back. On this one it never did either. to me this is a wash play and in the log run will give a even results in a good cycle.. on a bad cycle, could be hurtful.

ps) to all..
Folks.. do not get me wrong here.. as i have mentioned in the pas in this thread, that, I do not let my tools to dictate...

Ok, thanks for your knowledge! Can you provide me a picture of "overlapping"? I get drawn out, but i dont understand overlapping Thanks!!! And yeah, this one worked out. Luckily huhuh.
  • #3,077
  • Feb 25, 2013 6:00am Feb 25, 2013 6:00am
Quoting mel3
Hi P.Dean, i was absendt the last houre now i'm looking the eu/yen for a MSCT whith DT, do you think is a correct idee?
TY
with a solid DT at low risk (under 20pips) is a good shot to take.
  • #3,078
  • Feb 25, 2013 6:05am Feb 25, 2013 6:05am
Quoting baccarat
Ok, thanks for your knowledge! Can you provide me a picture of "overlapping"? I get drawn out, but i dont understand overlapping Thanks!!! And yeah, this one worked out. Luckily huhuh.
nice job.

please refer to post 3034 where i give a good description of a SBPT setup with ema drawing out or overlapping.

overlapping means, when the ema falls right at the upper or lower band.
  • #3,079
  • Feb 25, 2013 6:46am Feb 25, 2013 6:46am
Quoting P.Dean
nice job.

please refer to post 3034 where i give a good description of a SBPT setup with ema drawing out or overlapping.

overlapping means, when the ema falls right at the upper or lower band.

Ok, good example. So you do the SBPT only if those conditions are met, and NBTs along the way .
  • #3,080
  • Feb 25, 2013 6:57am Feb 25, 2013 6:57am
Quoting baccarat
Ok, good example. So you do the SBPT only if those conditions are met, and NBTs along the way .
yes on sbpt i go only for the best.
NBT and counter trades i hardly trade it these days bcz they require a lot of screen timing. But this week i will try to do them all as much as i can.
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