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ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=875		 Page 23 of 43
Author:  Jemook [ Sat Oct 20, 2012 10:53 am ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
GT3RS (great car btw),

CNC waits for a confirmation of UT resumption before looking for the first entry and this is what he means by not gambling around the pivot. In this case it happens when the daily pivot starts heading upwards (resumption) and then it crosses above WP (uptrend confirmed) and then the entry can be taken there after a pullback and weakening of TMA. CNC correct me if I'm wrong.

Jeremy
Author:  GT3RS [ Sat Oct 20, 2012 10:56 am ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
Jemook wrote:GT3RS (great car btw),

CNC waits for a confirmation of UT resumption before looking for the first entry and this is what he means by not gambling around the pivot. In this case it happens when the daily pivot starts heading upwards and then the entry can be taken there. CNC correct me if I'm wrong.

Jeremy
Thanks Jemook.

In the example above though, the DP isn't heading up where CC shows his entry.
Author:  Jemook [ Sat Oct 20, 2012 10:58 am ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
At the 2nd white line you can see the DP starts 'stepping upwards'.
Author:  GT3RS [ Sat Oct 20, 2012 11:03 am ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
Jemook wrote:At the 2nd white line you can see the DP starts 'stepping upwards'.
Yeah, but CC has shown his entry before that. The entry AFTER that is the one I pointed out...
Author:  coolncalm [ Sat Oct 20, 2012 6:55 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
GT3RS wrote:
Jemook wrote:GT3RS (great car btw),

CNC waits for a confirmation of UT resumption before looking for the first entry and this is what he means by not gambling around the pivot. In this case it happens when the daily pivot starts heading upwards and then the entry can be taken there. CNC correct me if I'm wrong.

Jeremy
Thanks Jemook.

In the example above though, the DP isn't heading up where CC shows his entry.
Thanks, Jem.

Rob,
In the example, the HPTP had occurred (weakening momo, low alert, Fast line cross) but right at MP - all that was left before entry was the confirmation of an MP bounce or cross. Price crossing above DP and SMA(20) was enough for me in this example. If the HPTP had occurred and it was not near MP, I would have placed my pending order below SMA(20). The placement above DP (a resistance in this case) was enough additional space to allow for a confirmation.
Author:  GT3RS [ Sat Oct 20, 2012 7:08 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
So you wouldn't take the *possible* entry before that because it price hadn't crossed the DP?

It has nothing to do with the DP starting to move up right? Because it hadn't done by then.

Even though the initial post was very long, it seems there are many other things which you consider before taking a trade.
Author:  coolncalm [ Sat Oct 20, 2012 7:33 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
GT3RS wrote:So you wouldn't take the *possible* entry before that because it price hadn't crossed the DP?
I DID take the probable entry ... just at a higher level for MP confirmation.
GT3RS wrote:It has nothing to do with the DP starting to move up right? Because it hadn't done by then.
CTS trades both Retracements and Resumptions so DP direction has nothing to do with it.
GT3RS wrote:Even though the initial post was very long, it seems there are many other things which you consider before taking a trade.
Is that what all this back and forth is for - to find a way to express your personal suspicion? I'm sorry I can't help you with your unbelief. I'm no psychologist.
Author:  GT3RS [ Sat Oct 20, 2012 7:43 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
All the back and forth is simply to try to understand the strategy.

I can tell you're getting annoyed with my questions, but they are well intentioned and purely in the interests of learning. I'm not the only one who is struggling to understand it.....

I've obviously upset you, so I'll chalk it up to experience and call it a day with this. I hope you get your coding done.

Good luck everyone.
Author:  coolncalm [ Sat Oct 20, 2012 7:55 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
GT3RS wrote:All the back and forth is simply to try to understand the strategy.

I can tell you're getting annoyed with my questions, but they are well intentioned and purely in the interests of learning. I'm not the only one who is struggling to understand it.....

I've obviously upset you, so I'll chalk it up to experience and call it a day with this. I hope you get your coding done.

Good luck everyone.
Rob,
I'm rarely unhappy (its difficult to be when you're making money :) ). I just have very little time to spare on dwelling on anything that appears frivolous. I'm a pretty busy guy.
Author:  Fable [ Sat Oct 20, 2012 9:03 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
I just love it CC !!

That what a I was trying to do before reading the post. I have trade CTS this week, +7% :D.

Thanks Baluda for the Slope CTS, really cool, i'm so impatient to be monday to try it :D
? FastLine with no-repainting issues ?? Love to see that !! It will be like christmas before december:D !!

Have a great week-end guys !

Best regards,

Fable
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