Saturday, 1 November 2014

15 comments:

  1. This is fantastic .. well explained; fantastic results ..and congrats on excellent, consistent performance!

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  2. Dave Boss one remarkable thing I observed is that your max loss in any one trade is 4/5 points.

    How do you manage that? is is your risk reward like that only I meant do you take trades only when max risk risk is 5 points?

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    1. Umang

      I usually keep SL 10 to 12 points away from the entry point. If after the entry price does not move in favor, I look to scratch and sometimes end up taking 4-5 points of loss because of scratching the trade. I always try to keep the losses small.

      URD

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    2. Hi URD, 1.Are all your entries 1 tick below/above the swing pivot (as per your diagram)? ... And 2. If price doesnt immediately move in your favour (within 1-2 bars) do you hold or look to get out? thanks.

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    3. Steve

      Yes 1 tick above/below swing pivot for entry.
      Usually SL is kept at either swing pivot high/low or beyond DP, whichever is within allowed risk of 10 to 12 ticks. After the entry, if say price does not move in favor within 30 to 45 minutes of entry or remains in the very narrow range or remains below the entry price without hitting SL, I look to scratch and try to exit without much damage to account.

      URD

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  3. Nice One.
    But how much trouble to find out something simple like this !!!!
    Remembered two great quotes.
    "How difficult it is to be simple" -Vincent Van Gogh
    " Simplicity is the ultimate sophistication"- Da Vinci
    All the best

    ST

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    1. ST sir,

      Thanks a lot. I remember your post "Connect the Dots" and the hard work you have done. Thank you very much.

      URD

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  4. URD Sir,

    Congratulations on your consistent performance on this method. Novice like me can derive confidence from you. Thanks for the attached graphic which pretty much sums up the essence of DP system as practiced by ST Sir. A small suggestion, for the sake of completeness, please mention the type of trade (BPB/BOF/BO) near the entry points marked in circles.

    Regards,
    KSG

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    Replies
    1. KSG

      Thanks. First two on the left side are BOFs, then BPB and the last one at top of the range is again BOF.

      URD

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  5. Hi, I have been going through your and ST's blog for sometime now and am learning a lot.
    Thank you for sharing all this good information and good luck for your progress.
    Regards
    BS Chandran

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  6. URD

    Thanks for a great explanation!!!
    Nice concept...

    TBP

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