I said so! I was to scared to get in! When these pullbacks occure it will be a big reverse most of the time!
We have had some discussions on the 4H charts that display the daily SHI channel differently. I thought that it is dependent on the daily start time of your broker. Each broker determines their own start of the day for their chart signals, often depending on the time zone where they operate. This implies that the H1 and lower time frames should display very similar price candles for all brokers because the time is the same (H1 start on the hour no matter when the hour is) but exact price may differ by a pip or two.
Above H1, candles...Ignored
Thank you for the indicator.
The difference in channel appearance is because your indicator (SHI_Channel_Colour_Talk.mq4) only uses the current time frame as a channel with no option to select which time frame to use, eg daily. So you are using the 4Hr channel on a 4Hr chart while I am using a daily channel on a 4 Hr chart as I understood the strategy instructions.
If I set my channel indicator (Sonic SHI Channel MTF.mq4) to 4Hr (rather than daily) it draws exactly on top of your one, confirming that you are seeing a 4Hr channel on...Ignored
DislikedI am a little bit irritated. If there´s a reversal, you´re also trading outside of your preferred hours? Has GU been backtested, too?Ignored
DislikedI have mentioned before that we should view the 4H with the daily shi and then look at 4H with 4H channel.
The 4H channel will give you an idea of where the bounces will be will the daily gives you an overall viewIgnored
DislikedI´ve got two more questions after browsing through any posts of this thread concerning swing-method.
- if there´s a bounce from the shi channel, current dominating trend doesnt matter?
- if current trend is short (and there is no bounce from shi channel), I will only enter with trend direction (selling tops) and vice versa?
Thanks for your response.
I deeply appreciate your hard work X-Man!
Thanks in advance,
Disliked[size=3][font=Lucida Sans Unicode]X-Man...you have far more patience with the human race than I do!
People...we were all "Newbies" once, but please take some responsibility for the prosperity of your own future.
X-Man has given you the "tools" he uses to have made this a full time income for him. The system (what he looks at and when) the indicators used to make those decisions, and most importantly...his time.
He has told you to back test, primarily to LEARN...how many have done that and for how many hours? There are still questions about...Ignored
I'd like to share with you fellow traders this trade I've just made and went out with 50 pips, I don't know it was luck or I got this under a high probability way of thinking.
This was my way of thinking
I was looking at EURUSD pair as you can see the first two or three candles starting a new day on my timezone are very low range if you look back you'll notice that this happens all the time, then volatility starts with london opening.
I thought TDI is pretty down almost touching 32 level and must go up almost all the times so I went...Ignored
It went 39 pips down an then 50 pips up triggering my TP.
I think its a pretty good ratio.
What do you guys think?
DislikedHi All, After reading 400 odd pages of Big E's threads in last few months and all of Xmans, I thought it was time to enter the Forum and share my perceptions, personal anecdotes and analysis of charts either of my own or others and bring some of my 9 years experience in trading all types of instruments, some successfully, but others not so, and bring them to the table so to speak. I hope I can be helpful and not critical and be a constructive contributor to this Forum.
Thank You X Man for the effort so far.Ignored