Let's give X-Man some rooms to explain his strategy, he's fully aware why he did put the vertical lines there
Cheers
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DislikedWell you can back test any pair, i heard some trader say that it works on G/U as well.
I just trade this method on E/U because i feel comfortable with the pair. No other reasonIgnored
DislikedWhat made you decide to take the short in the first place?
Looking at my chart the first red candle is very small and when the second closed it was pretty much a pin bar shape? Did you enter without waiting for the candles to close?Ignored
DislikedGuys,
Kindly explain further rule A#2, how can a vertical line be touch by another vertical line.... unless there is another horizontal line intersecting on it.... I am lost. kindly explain further
EddIgnored
Disliked[size=3][color=Blue]Guys i went short then my SL was at high of the first red candle
As the second candle closed with a pull back i closed my short position because thats where i usually enter ( 1 candle after the vertical line in the first session) and went long.
There was a strong support at 1.32842 .
The thing with the 1H method is that you have to be a flexible trader.
For instance if i have a trade open from the london session and it did not hit my TP then just before the NY session i would close it whether its in profit or loss and...Ignored
DislikedWell at times i tend to pull the trigger a bit early and then when i realize my mistake i close it as soon as possible.Ignored
DislikedIf the candle closed below the support then i would still hold my trade short but this showed clearly it could not close below support.
As soon as the candle closed and i seen that it didnt break support i closed it and went long.
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Dislikedno, no.. something here is wrong.. i dont get it.. reason why we should mark our vertical lines on chart 2 h befor london opens.. i did backtesting.. and on these lines (2h befor london) nothing happens..
"Times = London opening and new york opening (You can trade any cross but the signals at these times work 70% to 80% of the time)"
"1. Mark the 6:00(london) and 12:00(new york) on your platform with vertical lines when you open your chart
(the times might be different on different platforms)"
as u see... he said.. we should...Ignored
DislikedRAA the places where i mark my vertical line is all fine if you want to move the vertical lines then you can but i wont.
I have explained that its not the exact opening of the london and NY. I have mentioned its a bit earlier
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DislikedLol excitement got the better of you
I'm very interested in your method since you are pulling in so many pips on a monthly basis, but I think the trade you just took is not part of your rules at all, maybe more of an experience or intuition trade.Ignored
DislikedSHI channel will change when it start forming higher highs lower lows etc.
If you go to babypips and learn more about the channels then you would get a better idea .
The channel wont last forever it will break at times
These are the forex basics
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DislikedThank you X-Man for the clarification! That means to say there will be times when PA is out of the SHI channel as it changes due to higher highs and lower lows. Thus we are suppose to stay out of trading while it forming it changes?Ignored
DislikedHi X-Man, the TDI position is still red line on top of green line, means that it still show Short Trend, so why do you call it "the green line made a pullback"? from my chart it doesn't even cross the red line to show Long Trend? thanks
http://i40.tinypic.com/5jsj14.gifIgnored