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  • #381
  • Nov 29, 2011 4:56am Nov 29, 2011 4:56am
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 work snarlyJack
I know you have the experience because you traded TMS a long time.
Guys Snarlyjack has a lot of experience regarding TDI and trading made simple so his knowledge would also be useful
X-man the legendary conqueror of markets
  • #382
  • Nov 29, 2011 5:35am Nov 29, 2011 5:35am
Guys im posting charts from a very well experienced trader that trades the E/U 1H method his name is PHX62.
He doesnt always trade exact times but you can learn from his charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011.9.26.EU.jpg Size: 151 KB
Click to Enlarge Name: eu 9-11.jpg Size: 140 KB
Click to Enlarge Name: eu 10-13.gif Size: 43 KB
Click to Enlarge Name: eu 10-17.jpg Size: 144 KB
Click to Enlarge Name: eu 10-24 & 10-25.gif Size: 41 KB
Click to Enlarge Name: eu week ending 11-18-11.jpg Size: 146 KB
Attached Image
X-man the legendary conqueror of markets
  • #383
  • Nov 29, 2011 5:36am Nov 29, 2011 5:36am
entered short... 16pip profit so far.. 50pip sl / 100pip tp.
Attached Image (click to enlarge)
Click to Enlarge Name: 22.gif Size: 20 KB
  • #384
  • Nov 29, 2011 6:05am Nov 29, 2011 6:05am
shorted EU
  • #385
  • Nov 29, 2011 6:07am Nov 29, 2011 6:07am
Quoting smash85
shorted EU
i too shorted.. but much early.. +60pip so far. ;]
  • #386
  • Nov 29, 2011 6:09am Nov 29, 2011 6:09am
nice Raa!

I have to work at my trade management, to filter out bad trades soon and not letting them hit s/l so often. My performance wld rise then...

As I can see, you are having a nice profitable EU-day Raa!
  • #387
  • Nov 29, 2011 6:13am Nov 29, 2011 6:13am
27 Pips during the London session

33 Pips from the H4 bounce off the 60EMA

And 33 Pips just closed from the 1 hour prior to the NY open...

Good enough...time for a beer...8PM my time
Enter Signature
  • #388
  • Nov 29, 2011 6:13am Nov 29, 2011 6:13am
Whats up everyone, ive just placed my first demo trade of this strategy, im expecting it to be wrong haha but not sure by how wrong it is, so if i could get any advice
I just went short at 12:05 as it is on the line x-man stated, i see a red candle, and the green TDI has crossed down through the red TDI (i checked closer on 15 min graph)
The price i entered was 1.3339
my S/L is 25 pip
my T/P is 30 pip
I guessed the S/L and T/P as i have no experience with this strategy
any constructive criticism is welcome!
  • #389
  • Nov 29, 2011 6:19am Nov 29, 2011 6:19am
Quoting Raa
i too shorted.. but much early.. +60pip so far. ;]
how do u exit the EU trade, Raa?
  • #390
  • Nov 29, 2011 6:20am Nov 29, 2011 6:20am
Quoting robthorp
Whats up everyone, ive just placed my first demo trade of this strategy, im expecting it to be wrong haha but not sure by how wrong it is, so if i could get any advice ....
!
Rob...I'm sure I will echo many others here...dive into your demo for at least a month (daily)...master one of X-Mans strategies to the point you are profiting consistently...then and only then, start with a micro account.

All the best.
Enter Signature
  • #391
  • Nov 29, 2011 6:28am Nov 29, 2011 6:28am
Quoting SmokeyD
Rob...I'm sure I will echo many others here...dive into your demo for at least a month (daily)...master one of X-Mans strategies to the point you are profiting consistently...then and only then, start with a micro account.

All the best.
Thanks for reply,
I am on a demo account, i just wanted to see if i had placed the trade at right time time
  • #392
  • Nov 29, 2011 6:29am Nov 29, 2011 6:29am
Quoting X-Man
Guys im posting charts from a very well experienced trader that trades the E/U 1H method his name is PHX62.
He doesnt always trade exact times but you can learn from his charts.

As I can see, Phx62 is also trading M15. Do you know, how he does exit on M15?
  • #393
  • Nov 29, 2011 6:40am Nov 29, 2011 6:40am
Quoting smash85
how do u exit the EU trade, Raa?
I use TMS rulles for exit.
  • #394
  • Nov 29, 2011 6:42am Nov 29, 2011 6:42am
Quoting robthorp
Thanks for reply,
I am on a demo account, i just wanted to see if i had placed the trade at right time time
Rob,
Your time, which leads to experience...will tell. Document everything you do...and WHY!
Enter Signature
  • #395
  • Nov 29, 2011 6:44am Nov 29, 2011 6:44am
Quoting Raa
I use TMS rulles for exit.
But TDI on lower tf like m15?

When I exited on h1, i got lots of negative trades.
  • #396
  • Nov 29, 2011 6:57am Nov 29, 2011 6:57am
Quoting smash85
But TDI on lower tf like m15?

When I exited on h1, i got lots of negative trades.
i dont use lower tf for exits.. only for early entries..

U can try to move ur SL to BE.. if ur in profit. IF ur in profit.. u must protect ur pips..

sorry for my bad english..
  • #397
  • Nov 29, 2011 6:59am Nov 29, 2011 6:59am
When backtesting any system, i hope those doing so are eliminating all high impact news trading days >> Should'nt be any trades counted in your backtest within 2 hours of open .
  • #398
  • Nov 29, 2011 7:45am Nov 29, 2011 7:45am
Quoting X-Man
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.
Hi X-Man,
I understand how to see the daily channel on the 4H, BUT my issue is I can't see how, to quote you "I calculated that you couldve made at least 1220 pips in a matter of 10 days" off what looks to me like just 1 bounce off the daily SHI channel in the 4H TF, when you said "if you guys traded the bounces off the daily SHI channel in the 4H TF".

I'm probably being really stupid and if I am could you mark on a 4H TF chart the places where it bounced off the daily SHI in the last 10 days or so as I just don't see it.

Many thanks.
  • #399
  • Nov 29, 2011 7:58am Nov 29, 2011 7:58am
so what have you guys been doing so far?
ive just waited....i saw no crossover yet.
  • #400
  • Nov 29, 2011 8:24am Nov 29, 2011 8:24am
Hi X-Man,

I had a question regarding the 4h. Does it matter when the 4h single is given? If it is during the asian session do you still take the trade?

Quoting X-Man
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.
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