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  • #181
  • Nov 28, 2011 2:30am Nov 28, 2011 2:30am
Quoting Raa
Actually we should trade uk ny.. its safer.
Hi Raa.. I appreciate your concern. It's been answered and explained on Post #14 on the first page of this thread.
Let's give X-Man some rooms to explain his strategy, he's fully aware why he did put the vertical lines there
Cheers
  • #182
  • Nov 28, 2011 2:34am Nov 28, 2011 2:34am
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 wait for a trade in the NY session
X-man the legendary conqueror of markets
  • #183
  • Nov 28, 2011 2:41am Nov 28, 2011 2:41am
How to read synergy bars
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X-man the legendary conqueror of markets
  • #184
  • Nov 28, 2011 2:42am Nov 28, 2011 2:42am
no, 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 trade.. when london and ny opening.

we should mark vertical lines when london and ny opening.



sorry for my bad english.
  • #185
  • Nov 28, 2011 2:42am Nov 28, 2011 2:42am
What 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?
  • #186
  • Nov 28, 2011 2:48am Nov 28, 2011 2:48am
Quoting X-Man
Well 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 reason

Guys,

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

Edd
  • #187
  • Nov 28, 2011 2:50am Nov 28, 2011 2:50am
Quoting FXBackTest
What 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?
Well 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.
If 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.
X-man the legendary conqueror of markets
  • #188
  • Nov 28, 2011 2:50am Nov 28, 2011 2:50am
Quoting Edd Ganuelas
Guys,

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

Edd
Your waiting for the HA candle to touch the vertical line, not another vertical line to intersect it.
  • #189
  • Nov 28, 2011 2:51am Nov 28, 2011 2:51am
Quoting X-Man
[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...
Hi 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.gif
  • #190
  • Nov 28, 2011 2:54am Nov 28, 2011 2:54am
Quoting X-Man
Well 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.
Lol excitement got the better of you

Quoting X-Man
If 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.
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.
  • #191
  • Nov 28, 2011 2:55am Nov 28, 2011 2:55am
Quoting Raa
no, 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...
RAA 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
X-man the legendary conqueror of markets
  • #192
  • Nov 28, 2011 2:59am Nov 28, 2011 2:59am
guys, remember that today is a day of news in EUR.
Thank you X-Man.
  • #193
  • Nov 28, 2011 3:02am Nov 28, 2011 3:02am
Quoting X-Man
RAA 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
y, i marked my vertical lines on london ny open... does not make sense to mark it 2h faster.
  • #194
  • Nov 28, 2011 3:03am Nov 28, 2011 3:03am
Quoting FXBackTest
Lol 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.
LOL yeah i do get a little excited on a monday morning.
well its based on many months of back testing so its on the experience i gained by doing that.
Thats why i stress to the fellow traders that if you guys want to maximize your pips you have to back test lots and practice lots. I cannot to that for you guys. its up to youll to make that effort.
I use to back test mad during the weekends. analyzing the candles , the open and close of the candle and the TDI.
Thats how i got to where i am today and i'm sharing all this with you guys because i enjoy sharing. I have no obligation to even starting a thread but i did it coz i like to help people especially my fellow traders
X-man the legendary conqueror of markets
  • #195
  • Nov 28, 2011 3:07am Nov 28, 2011 3:07am
Quoting X-Man
SHI 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
Thank 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? I'm trading base on the Daily SHI channel being mapped onto H4 time frame.
  • #196
  • Nov 28, 2011 3:11am Nov 28, 2011 3:11am
To be a little more conservative you can enter on the opening of the second blue candle after the TDI cross.
I enter earlier because of my experience.
As you guys get more experience and more confident then you'll be entering trades just the way i do. so PRACTICE PRACTICE PRACTICE.
Master the system
X-man the legendary conqueror of markets
  • #197
  • Nov 28, 2011 3:12am Nov 28, 2011 3:12am
Quoting f3iyun
Thank 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?
Yip thats correct
X-man the legendary conqueror of markets
  • #198
  • Nov 28, 2011 3:14am Nov 28, 2011 3:14am
Quoting viocable
Hi 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.gif
viocable, you must update the TDI, an easy way to do is go to 4H, and then to 1H, really like change.
Hope you might help.
  • #199
  • Nov 28, 2011 3:20am Nov 28, 2011 3:20am
Quoting senma
viocable, you must update the TDI, an easy way to do is go to 4H, and then to 1H, really like change.
Hope you might help.
O ic...so to work with this TDI, when the H1 candle close, I must switch between (for. ex.) 4H then back to 1H before making any decision? Thanks
  • #200
  • Nov 28, 2011 3:22am Nov 28, 2011 3:22am
I closed my trade for 60pips.
Made a loss of 10 pips by going short too early
So i have 50pips for a few hours work.
i'll be back at the NY session to make more pips.
X-man the legendary conqueror of markets
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