PRICE Accordingly

sign of a broken play... bar closing above the wick high

GJ NTB?

Waez

Hi, is this move of 50 pips enough for a possible SBPT you think?

http://i45.tinypic.com/f20wep.gif

Waez

prefarably longer.
now they all are good for SBPT.. size is there, strength is there, and band ema relation will be ok too.

The 3B/T saved us from major fo.. this is why on SBCT the extra confirmation of 3B/T is necessary.. it will for most time reveal PA's true intentions.

SBPB at GC? ANd GBPNZD?

Waez

Time to plot your fib for SBPT setups.. i put ej chart az a example..

This up move has all the ingredients of a valid swing to go after SBPT.. its got the: size +90 on a straight move.. band well striking.. MA overlapped and drawing out.. and fib to gauge the retrace and intersect all other confirmations at one of its levels.. the combination of these elements represents STRENGTH.. strength is a sign of CONTINUATION.
but to get in at cheaper price in a timely manner is a work of it's own.. so to solve that challenge, it's why i got the extra confirmation to get in just in time or at least at the end point of the PB for a possible continuation burst at LOWEST RISK.. why? well bcz after all this analyzing and timing and confirmation and etc, all of them together as a whole represents about 60% probability, so you could still lose and its important to a have a leash on the losses.. meaning avg loss must be contained and RR must be favorable.. which one would need a plan for a correct, discipline and precise entry point to achieve consistency in a long haul.

I went to extensive explaining just for refreshing for all and extra help to newbies, I know some of you out there know all this by heart.


I hope you'll find this post useful to read it a few times and understand it fully.

I do not trade those pairs but read my last post and if it fits the same elements then it should be ok. or you could show pictures along with your posts plz.

Waez

All set...

http://i46.tinypic.com/16094w1.gif


Waez

And EU...
http://i46.tinypic.com/rkvcdh.gif

Waez

eu long sbpt..
got all the elements in place... confirmation all have intersected at 38% fib level.. (PB to lower band, ema, fib level).. RR is 1:2.

all around good setup.. let's see if it brings it home

Stopped out:

Waez

I'm with you, buy 1.3018

+25 pips

Waez

niece job..
i was aming for at least +30 and bastard did not delivered after that burst.. so out for -6.

I got lucky. That spike went 2 pips above my TP. I lost -16 on GN earlier so + 9 so far.

Cheers

Waez

tough day. first losing day with this strategy. no problem, shrug it off, didnt make a mistake, and i know it rocks.
tomorrows a new day and im looking forward to it. bam!

I agree and i got my ass handed to me today, but on my hourly trades not 5m. on 5m just one SBPT signal which i trade it and spike caused the loss otherwise that would have been a big time winner.. if you like post your chart we check it out.
not tring to justify the method or anything like that, just making sure your doing it right.

anyhow, you got the right attitude keep it up

guys.. i think MEL is mad at me for voiding the mid-band trade.. lol.. it would have produced a mass of green pips today.

Sorry MEL.. but it's for the best interest as a long haul success if you know what i mean. I done it all.