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  • #481
  • Nov 30, 2011 2:48pm Nov 30, 2011 2:48pm
That long signal came before the vertical line which means no trade. But of course you knew that right?

Quoting whatfx
there was a long signal following your short trade. can i ask why you didnt go long then ? which would have lost.
  • #482
  • Nov 30, 2011 4:15pm Nov 30, 2011 4:15pm
Want to take an opportunity to thank X-Man for sharing his system and all his hard work on this thread. Just installed the indies and looks interesting. Quick question, would you take an entry of the synergy bars alone? Asking this because i notice they can change color during the hour depending on current PA. Also noticed arrows at the tops and bottoms of some bars...fractals. Do they mean anything. Good luck all!
  • #483
  • Nov 30, 2011 5:22pm Nov 30, 2011 5:22pm
Quoting viocable
This PHX62... does he trade just watch the H1 only or any other time frame too? Form his chart, I saw that every TDI Cross, he seems to wait PA go to above or below MA then he enter with the direction of TDI. he will not wait until the candle close. For ex, TDI Cross Buy, he wait to price go above MA then he entered, I guess. Does he trade like that?
If I may, let me explain my reasoning for the entries you see on the charts posted by X-Man (post 431). I only trade the EU on the H1 chart during the London session. I do not watch or check any other time frame when I am trading the H1.
Trade 1 (11-28). The red candle prior to the entry candle actually moved about 20 pips up and left a long wick below it during the hour before I entered the trade. In my opinion, that became the set-up candle even though it did not turn blue. The TDI had crossed at the close of the red setup candle, so I entered. I was shooting for a 100 pip TP but exited after PA pulled back.
Trade 2 (11-28). Same scenerio as the first trade....the blue candle prior to entry tested the high of the day and failed to break it. PA then moved away from the previous high by about 20 pips during that hour and left a long wick at the top. Again the TDI crossed down and the entry candle turned red, so I entered the trade with a 50 pip TP, which was hit.
Trade 3 (11-28). Following the close of the first red candle and a cross of the TDI, plus knowing volume increases at the opening of the London session, I entered the trade. It moved about 28 pips in my favor and then reversed. I closed it at breakeven.
Trade 4 (11-29). On the close of the first blue candle and cross of the TDI, I tried several times to enter a trade but due to volume (from GBP news), the trade was not opened until the third or fouth try. It reach the 50 pip TP quickly.
Trade 5 (11-29). Again following the cross of the TDI and the seeing the long upper wick on the third blue candle of the session and taking into consideration it failed to reach the high of the candle before, I entered as the candle pulled below the blue and turned red. This trade was successful as well, even though I was unable to monitor it.
Regards
  • #484
  • Nov 30, 2011 10:41pm Nov 30, 2011 10:41pm
Quoting thrax
I went short on G/U on H4. We'll see.
I have mentioned that if PA bounces off the daily channel then you dont go against it .
PA just bounced off the bottom of the channel fr G/U so to go short would be suicide.
I posted a chart based on G/U for the 4H and if you entered long where i placed the red arrow you would be up by 200 pips or so. The yellow line is the bottom of the daily channel. and now most probably G/U will form an uptrend.
Examine my chart carefully
Attached Image (click to enlarge)
Click to Enlarge Name: long.jpg Size: 133 KB
X-man the legendary conqueror of markets
  • #485
  • Nov 30, 2011 10:44pm Nov 30, 2011 10:44pm
Quoting piprac
Just got 140 pips on the 1H E/$; both TPs hit while I was debating to get out at a small loss because of upcoming news. 1st time the news has been good to me.
Nice 1.
I usually keep out when theres lost of red alert news coz you never know where PA will go.
X-man the legendary conqueror of markets
  • #486
  • Nov 30, 2011 11:00pm Nov 30, 2011 11:00pm
Quoting zackery
@X-MAN:
how many trades you are getting in 1 month /asset regarding the 4 hour-strategy?

thanks in advance for an answer...

Well with the 4H strategy i get 2 to 3 trades per month per pair.
I trade around 8 Pairs
X-man the legendary conqueror of markets
  • #487
  • Nov 30, 2011 11:02pm Nov 30, 2011 11:02pm
Quoting Brifx
Want to take an opportunity to thank X-Man for sharing his system and all his hard work on this thread. Just installed the indies and looks interesting. Quick question, would you take an entry of the synergy bars alone? Asking this because i notice they can change color during the hour depending on current PA. Also noticed arrows at the tops and bottoms of some bars...fractals. Do they mean anything. Good luck all!
Nope those arrows dont mean anything ,go to objects and remove them.
Well i look at TDI and the synergy bars.
X-man the legendary conqueror of markets
  • #488
  • Nov 30, 2011 11:07pm Nov 30, 2011 11:07pm
Quoting todd960960
That long signal came before the vertical line which means no trade. But of course you knew that right?
Guys you couldve have taken that cross before the vertical lines and went long (as Trading made simple thread) but personally i wait only at those 2 vertical lines for my trades.
X-man the legendary conqueror of markets
  • #489
  • Nov 30, 2011 11:12pm Nov 30, 2011 11:12pm
Quoting spyderman
Hello XMan,

I just had a couple of clarification questions on the swing trading.
You have obvious trade entries at the swing highs and lows on the channel edges. Do you wait for these to reverse or do you just plan on a trade as PA approaches the channel edge.

Also you show subsequent entries at the bounces off the ema (short or long). So apparently from this we don't have to wait for the ema, PA and channel edge touch to all be present for a trade...is that correct.

Thanks
The way i trade the 4H chart is when i see PA bouncing off the daily channel i will take the trade
When i see PA bouncing off the 60EMA ill take the trade.
Those places are good entry points.

Be aware when PA bounces off the daily channel then you dont trade the bounce off the 60 EMA as there will be no bounce ,PA will break through the 60EMA and get on the other side of the EMA
X-man the legendary conqueror of markets
  • #490
  • Nov 30, 2011 11:26pm Nov 30, 2011 11:26pm
Quoting snarlyjack
Artieboy,

From last night according to Raa, we knew that this
was a big news day and that the market was going
to shoot up/down one way or the other.

You can see from my charts that the eur/usd was trending
up last night and did make a "buy" signal on the TDI.
Last night we had higher lows on the average price
bar candles.

My problem with the trade was after staying up all night at 4:00
A.M. this morning I was to tired to trade it any longer and
went to bed.

But their was a good "buy" signal from the system.

snarlyjack
Nice one snarlyjack.
I see you use the system really well
Everyone can gain lots and lots of pips with this simple system
I never did get carried away buy those commercial systems and seminars that some traders spend thousands of dollars but then its not that effective when you get it.
Few months back i was invited for this seminar and this trader showed us how you can make $20 000 in 4 minutes. All he did was make 20 pips at $1000 a pip, people were carried away by this. Then when people get the system they realize that its not that simple.
I didnt spend 1cent on any forex education but i make loads of pips per month. You guys can do the same and be successful its just the hard work you have to put in and hours of chart time .
Back testing can be really monotonous and boring but it pays off.
X-man the legendary conqueror of markets
  • #491
  • Nov 30, 2011 11:31pm Nov 30, 2011 11:31pm
Another simple tip is that when pair is in a downtrend there will be more pips in the shorts than the longs.
And when we in an uptrend there will be more pips in the longs than shorts.

So as we can see that E/U is in the uptrend since PA bounced off the daily channel so there will be more pips in the longs.
X-man the legendary conqueror of markets
  • #492
  • Nov 30, 2011 11:40pm Nov 30, 2011 11:40pm
Quoting Phx62
If I may, let me explain my reasoning for the entries you see on the charts posted by X-Man (post 431). I only trade the EU on the H1 chart during the London session. I do not watch or check any other time frame when I am trading the H1.
Trade 1 (11-28). The red candle prior to the entry candle actually moved about 20 pips up and left a long wick below it during the hour before I entered the trade. In my opinion, that became the set-up candle even though it did not turn blue. The TDI had crossed at the close of the red setup candle, so I...
Welcome Phx62
Im glad to have you here .
Guys listen to phx62 he has good trading techniques.
Very valuable
X-man the legendary conqueror of markets
  • #493
  • Nov 30, 2011 11:46pm Nov 30, 2011 11:46pm
Quoting Rodcisal
X-Man, Do you trade during news?

I'm just learning this system and I didn't take the trade cause I don't feel confident about it, I guess it needs to be backtested by me for a while before doing something.

Today was a good day for anyone who went long en E/U. Many pips. Congrats!
A tip is that if theres big red alert news coming out , rather stay out if you want to be conservative , most trading systems will tell you this.
I remember the once i was so sure about the direction of the news using the shi channel i traded 3 pairs that the news had an effect on and made 600 pips in less than 10 minutes.
X-man the legendary conqueror of markets
  • #494
  • Nov 30, 2011 11:58pm Nov 30, 2011 11:58pm
4h Swing trade chart
Guys have a look at this chart
If you entered on the bounce of the daily where i placed my red arrow you wouldve made a nice 200 - 250 pips with a SL of just 80 to 90 pips
Attached Image (click to enlarge)
Click to Enlarge Name: short.jpg Size: 119 KB
X-man the legendary conqueror of markets
  • #495
  • Dec 1, 2011 12:06am Dec 1, 2011 12:06am
some other swing trades
Attached Image(s) (click to enlarge)
Click to Enlarge Name: entries.jpg Size: 131 KB
Click to Enlarge Name: e-j.jpg Size: 125 KB
Click to Enlarge Name: g-j.jpg Size: 124 KB
X-man the legendary conqueror of markets
  • #496
  • Dec 1, 2011 12:11am Dec 1, 2011 12:11am
This is one of my favorite pairs to trade.
This pair almost always loves moving in a nice trend

If you traded this pair it wouldve given you 670 to 700 pips in under 10 days
Attached Image (click to enlarge)
Click to Enlarge Name: fav.jpg Size: 126 KB
X-man the legendary conqueror of markets
  • #497
  • Dec 1, 2011 12:26am Dec 1, 2011 12:26am
Guys to make 1000pips a month is a piece of cake using these 2 methods.
I dont take all the trades that i post because i will have too many trades running.
When my capital is huge then i will take every single set up and print those dollars.
Will buy my own island then ill invite all you guys there
X-man the legendary conqueror of markets
  • #498
  • Dec 1, 2011 12:29am Dec 1, 2011 12:29am
Good God Almighty Jo'burg!!
You caught all that...don't be so mean...LOL
Nicely done
Let us in on these swings now and then...
  • #499
  • Dec 1, 2011 12:31am Dec 1, 2011 12:31am
Quoting X-Man
Well with the 4H strategy i get 2 to 3 trades per month per pair.
I trade around 8 Pairs
Hi X-Man,

Which 8 pairs do you trade?
  • #500
  • Dec 1, 2011 12:34am Dec 1, 2011 12:34am
Quoting geosanuy
Good God Almighty Jo'burg!!
You caught all that...don't be so mean...LOL
Nicely done
Let us in on these awings now ¡n then...
HAHA i wish i caught that but i could see it was really nice setups. I caught some of the E/A trade wish i held it longer and a little on the other pairs. Dont remember the last time i lost a trade haha except for that 10 pips i lost on monday morning
Ok ill send you guys charts as the set ups are happening.

To me i see more than 2000 pips sitting maybe even more just waiting for us to take. (for the month)
Ill do a count on those 8 pairs and tell you guys how many pips are sitting there for us to take.
Its a gold mine guys

You dont have to take all the pips you just have to take half of whats its giving you and you will soon be a billionaire
X-man the legendary conqueror of markets
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