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  • #361
  • Nov 29, 2011 2:44am Nov 29, 2011 2:44am
Quoting f3iyun
Hi X-Man, referring to your reply above. Can you tell me when is ur shorting entry based on the hours stated on the picture i've posted so that i can have a clearer view and understanding of your H1 method!

Thank you so much!
First of all i would recommend you change the way your chart looks . why do you have candlesticks under your synergy bars.
Keep it simple and select the bar chart instead of candlesticks
You only need to know where a candle opened and closed.
If i took this trade my entry would be at the open of the second red candle. and TDI will show a cross down.
X-man the legendary conqueror of markets
  • #362
  • Nov 29, 2011 2:46am Nov 29, 2011 2:46am
Quoting X-Man
First of all i would recommend you change the way your chart looks . why do you have candlesticks under your synergy bars.
Keep it simple and select the bar chart instead of candlesticks
You only need to know where a candle opened and closed.
If i took this trade my entry would be at the open of the second red candle. and TDI will show a cross down.
Okay X-Man! Thank you for the prompt reply!

Thank you once again for the fantastic trading strategy!
  • #363
  • Nov 29, 2011 2:48am Nov 29, 2011 2:48am
Quoting f3iyun
Already shorted at 1.3340
Excellent!
I scaled in at 1.3344 and 1.3334...third and last will be at 1.3314 (if we get there)...+27 currently...
Enter Signature
  • #364
  • Nov 29, 2011 2:51am Nov 29, 2011 2:51am
Quoting SmokeyD
Excellent!
I scaled in at 1.3344 and 1.3334...third and last will be at 1.3314 (if we get there)...+27 currently...
Nice work i see the fellow traders getting the hang of it.
soon we all will be pippin away
X-man the legendary conqueror of markets
  • #365
  • Nov 29, 2011 2:53am Nov 29, 2011 2:53am
Quoting X-Man
Viocable when you trade the 1h method dont worry about the 4H chart or any other chart, thats what makes it so simple.
Just focus on the 1H chart thats all
only when you ready to take a swing trade then look at the 4H and daily. Thats some important tips.
Thanks X-Man for clarification I've short it @ 1.3338
  • #366
  • Nov 29, 2011 2:54am Nov 29, 2011 2:54am
Juliant look at my swing charts
I posted the 4H and daily.
when you look at the daily yo see the intire channel
Then when you get back to the 4H you see the bottom of the daily channel.
its not that difficult.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 116 KB
Click to Enlarge Name: 4h chart.jpg Size: 112 KB
X-man the legendary conqueror of markets
  • #367
  • Nov 29, 2011 2:55am Nov 29, 2011 2:55am
well i went out of E/U, because Big E said, that a trade should be closed, if it doesnt get positive soon.

As i have seen, it was again a failure to get out of EU... that really pissed me off :-(.

How do you handle open trades? Do you wait for stopp loss or target to be reached or close trades manually?

This manually closing got me lots of losses... oh man!
  • #368
  • Nov 29, 2011 3:00am Nov 29, 2011 3:00am
Quoting smash85
well i went out of E/U, because Big E said, that a trade should be closed, if it doesnt get positive soon.

As i have seen, it was again a failure to get out of EU... that really pissed me off :-(.

How do you handle open trades? Do you wait for stopp loss or target to be reached or close trades manually?

This manually closing got me lots of losses... oh man!
I use tight sl.. 20pip.. tp 50pip.
  • #369
  • Nov 29, 2011 3:01am Nov 29, 2011 3:01am
Quoting Raa
I use tight sl.. 20pip.. tp 50pip.
and you´re still in? So you wait for SL or Take Profit.
  • #370
  • Nov 29, 2011 3:05am Nov 29, 2011 3:05am
Quoting smash85
and you´re still in? So you wait for SL or Take Profit.
y im still and.. no i watch charts.. tdi angel.. i watch 15min chart.. for tdi angel.. if i ll heading up.. i ll exit.. and keep pips.. ;]
  • #371
  • Nov 29, 2011 3:05am Nov 29, 2011 3:05am
Quoting smash85
well i went out of E/U, because Big E said, that a trade should be closed, if it doesnt get positive soon.

As i have seen, it was again a failure to get out of EU... that really pissed me off :-(.

How do you handle open trades? Do you wait for stopp loss or target to be reached or close trades manually?

This manually closing got me lots of losses... oh man!
If the entry is based on the correct trend, I would usually hold the trade due to retracements of PA. My TP would be based on the time and no. of pips. I would prefer to take in minimum of 40pips if possible.
  • #372
  • Nov 29, 2011 3:06am Nov 29, 2011 3:06am
Just sold out at +$22.50

Thought I'd better take the money and run! The last red bar is
getting pretty close to the bottom of the channel and I don't
want it to bounce up on me...

snarlyjack
  • #373
  • Nov 29, 2011 3:08am Nov 29, 2011 3:08am
Quoting Raa
y im still and.. no i watch charts.. tdi angel.. i watch 15min chart.. for tdi angel.. if i ll heading up.. i ll exit.. and keep pips.. ;]
i watch pullbacks on m15.

what are you doing if price is moving in negative area from the beginning. do you stay in trade till tdi goes flat or exit?
  • #374
  • Nov 29, 2011 3:09am Nov 29, 2011 3:09am
Quoting snarlyjack
Just sold out at +$22.50

Thought I'd better take the money and run! The last red bar is
getting pretty close to the bottom of the channel and I don't
want it to bounce up on me...

snarlyjack
good job :]
  • #375
  • Nov 29, 2011 3:11am Nov 29, 2011 3:11am
sold out at 18.40euro. ;] bye all till ny opens.. :]
  • #376
  • Nov 29, 2011 3:46am Nov 29, 2011 3:46am
Quoting X-Man
Post me your chart so i can have a look at it


X-man, the chart above are the trades i entered. I don't know if i am correct. But i understand you don't trade 3 candles from the vertical lines. in the 1st london session i took sell which took me out on losses and then the NY session no trade because the signal came after 3 candles.
  • #377
  • Nov 29, 2011 4:20am Nov 29, 2011 4:20am
entered.. 15min ago.. about 50pip +... closed coz of 60ema.. could bounce.. took money... if it ll breakout (i think it ll) than i ll reenter. ;]
Attached Image (click to enlarge)
Click to Enlarge Name: 20.gif Size: 18 KB
  • #378
  • Nov 29, 2011 4:27am Nov 29, 2011 4:27am
Hi everyone,

I am a new trader based in Newcastle NSW Australia. I would like to thank X-Man for your great tips and tricks and for sharing so much useful information.

I shorted also tonight on the EUR/USD based on the 1H TDI cross. I unfortunately didnt get as good a price (1.3319 alot lower than i should have) and ended up taking a loss on this trade of 20 PIPS. I see what i should have done was have my finger on the button ready to sell at the open of the 19:00 1H bar.

Anyway would just like to say hello and introduce myself.

Happy trading
  • #379
  • Nov 29, 2011 4:33am Nov 29, 2011 4:33am
Hey X-Man, great thread thanks. Can you clarify why you would go long on the euro - I understand your logic on the daily however the 4h tf is at the top of the channel, touching the blue lines and also ema - that would seem like a clear short (if it wasn't for the daily) ?

Thanks

M



Quoting X-Man
Why would you want to go short on E/U when its bouncing off the daily channel and will most probably start an uptrend?
Could you explain more?
I would most probably go long at 1.33079 with a SL of 100 pips
Here im discussing the swing trade on 4H and not the 1H method so guys dont get confused
  • #380
  • Nov 29, 2011 4:52am Nov 29, 2011 4:52am
Guys look at that spike that just occurred, i hope you guys closed the trade a bit early and took the pips and ran.

if I was in a trade like that and seen such a pull back happening i would close my trade manually at break even and wait for the next session.
If you think about it if PA wants to continue in the same short direction it wouldnt have a pullback like that.
so thats why if you trading the 1H method i reccomend you watch your charts
X-man the legendary conqueror of markets
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