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  • #601
  • Dec 2, 2011 12:09am Dec 2, 2011 12:09am
Quoting spyderman
I think you're TF on your channel might be incorrect as far as Xman's suggestions are concerned. It looks like the channel is for the 4H TF where I think he recommends having the daily channel show on the 4H chart. In that case you would actually be at the bottom part of the channel.

Of course I could be completely wrong on this.
You 100% correct. The fellow trader has his channel set on 4H and should change it to daily on the visualization settings
X-man the legendary conqueror of markets
  • #602
  • Dec 2, 2011 12:11am Dec 2, 2011 12:11am
Thanks X-MAN, 4H swing trade with daily SHI Channel.
  • #603
  • Dec 2, 2011 12:17am Dec 2, 2011 12:17am
Quoting spyderman
The Sonic SHI Channel MTF is the one you can adjust on the input parameters.



Redhouse...I totally agree with you about following Xman's method. It does seem however that he has shown his charts both ways. Notice what he said on post #16



And on the chart he has attached you can see the daily channel on the 4H.

I believe his thought is if you use the daily you can expect some long trade runs for big pips...

Maybe when he's up he'll clarify...
Yes i use the daily channel on the 4H chart for big TPs.
If you use the 4H channel on the 4H chart then TP wont be that big.
The daily channel in the 4H TF is much more easier to trade and more successful.
X-man the legendary conqueror of markets
  • #604
  • Dec 2, 2011 12:30am Dec 2, 2011 12:30am
Quoting dougl1965
Xman,

thanks for creating a place for your trading methods on Forex Factory. I have a question, hope its simple. I can't seem to get the Syngergy candles to work. I must be doing something wrong. Any ideas?
thanks,
dougl
Are you doing something similar to this picture? Set candle colors to NONE, drag & drop Synergy Indicator on to chart?

Hard to help with the very little detail you provide, tell us more of the problem what exactly is happening?
Attached Image (click to enlarge)
Click to Enlarge Name: bars_01.png Size: 59 KB
It takes a lot for me to IGNORE you, but you can try.
  • #605
  • Dec 2, 2011 12:31am Dec 2, 2011 12:31am
Quoting dougl1965
Xman,

thanks for creating a place for your trading methods on Forex Factory. I have a question, hope its simple. I can't seem to get the Syngergy candles to work. I must be doing something wrong. Any ideas?
thanks,
dougl
Im not sure why it aint working on your platform>
Did you copy and paste it in the right folder?
is there anyone that knows what his doing wrong?
I know Erebus is the technical guru here thats helping everyone.
X-man the legendary conqueror of markets
  • #606
  • Dec 2, 2011 12:33am Dec 2, 2011 12:33am
It seems like EUR USD will be giving a long entry soon. What does everyone else think?
  • #607
  • Dec 2, 2011 12:34am Dec 2, 2011 12:34am
Quoting X-Man
Im not sure why it aint working on your platform>
Did you copy and paste it in the right folder?
is there anyone that knows what his doing wrong?
I know Erebus is the technical guru here thats helping everyone.
So funny, we posted exact same time thanks for mention ! you are the best
It takes a lot for me to IGNORE you, but you can try.
  • #608
  • Dec 2, 2011 12:35am Dec 2, 2011 12:35am
I've pm'd him a while back and he hasn't responded yet with any details as to what is the problem
"IN CASH WE TRUST"
  • #609
  • Dec 2, 2011 12:36am Dec 2, 2011 12:36am
X-Man just to confirm, I wait for the TDI to cross right? Which may be happening in the next candle.
  • #610
  • Dec 2, 2011 12:43am Dec 2, 2011 12:43am
X-Man, one question.

You say london open. so let's say london open 09:00 local time. Do I wait till 10:00 or immidiatly the minute london opens? And NY opens for me at 15:30.
I wait till 16:00 or immidiatly at 15:30?

Thnks
  • #611
  • Dec 2, 2011 12:44am Dec 2, 2011 12:44am
Quoting Wbm
It seems like EUR USD will be giving a long entry soon. What does everyone else think?
I think that anything can happen, find your signal, place the trade including stop loss, sit back and enjoy, knowing 100% for sure that something is going to happen, see last time the Volatility Bands got narrow, Frankfurt opens in 15 minutes, let's see
Attached Image (click to enlarge)
Click to Enlarge Name: volotility_bands.png Size: 23 KB
It takes a lot for me to IGNORE you, but you can try.
  • #612
  • Dec 2, 2011 12:46am Dec 2, 2011 12:46am
When trading the 4H chart always enter just as PA is bouncing off the 60ema . Dont enter before the bounce and if PA is far from the 60EMA then dont enter as there will be a retracemnet soon.
When PA is above the 60EMA then it comes down to bounce thats the retracements.

When PA comes close to the top or bottom of the daily channel we see that falling wedges and rising wedges forming.
thats why when i say that PA will break the 60EMA after the bounce, thats because its a forex basic.
look at the charts i posted from babypips.
The first chart is a rising wedge, where the top red line is the daily channel and the bottom red line is the 60EMA that we use
and the falling wedge is the opposite as chart 2 where the bottom is the channel and the top is the 60EMA
Attached Images
X-man the legendary conqueror of markets
  • #613
  • Dec 2, 2011 12:49am Dec 2, 2011 12:49am
Quoting Wbm
X-Man just to confirm, I wait for the TDI to cross right? Which may be happening in the next candle.
we're ranging
  • #614
  • Dec 2, 2011 12:51am Dec 2, 2011 12:51am
Forgot to mention, check the tight range today, it is Non Farm Payroll Friday so everyone is just waiting, so far 38 pips but ADR is 168, will it go up 130 or down 130, maybe up 65 then down, maybe 300, who knows?
Attached Image (click to enlarge)
Click to Enlarge Name: adr.png Size: 119 KB
It takes a lot for me to IGNORE you, but you can try.
  • #615
  • Dec 2, 2011 1:01am Dec 2, 2011 1:01am
Quoting Erebus
So funny, we posted exact same time thanks for mention ! you are the best
LOL yeah i noticed that.
Good traders think alike
X-man the legendary conqueror of markets
  • #616
  • Dec 2, 2011 1:06am Dec 2, 2011 1:06am
Quoting hutrader
X-Man, one question.

You say london open. so let's say london open 09:00 local time. Do I wait till 10:00 or immidiatly the minute london opens? And NY opens for me at 15:30.
I wait till 16:00 or immidiatly at 15:30?

Thnks
Well i would say it may happen at 9:00 or at times you will have to wait an hour.
Just start watching from when it open or a little earlier to watch the movement of PA
X-man the legendary conqueror of markets
  • #617
  • Dec 2, 2011 1:11am Dec 2, 2011 1:11am
Look at how small those candles are and if you look on TDI the blue bands are squeezing so there will be a break out soon but dont know in which direction.

a way to trade this would be to mark the top and bottom of the range with horizontal lines and wait for the break .
But be careful that there will be fakeys at times. that means the market will make you think that there is a break and next moment it will reverse.
X-man the legendary conqueror of markets
  • #618
  • Dec 2, 2011 1:24am Dec 2, 2011 1:24am
Quoting spyderman
I'm in this one a little late but feel good about upward movement.
Be careful my friend , as you can see that in a downtrend lower lows form and in the uptrend higher highs form.

So in this example we know dont how low PA will go before going up again.
If you noticed my early post i say sell the tops of the downtrend and the bottoms of the uptrend.
So if the daily channel is in a downtrend , i would feel safer trading the bounce of the top of the channel rather than the bottom.
If the daily cahnnel is in the uptrend then i would feel safer trading the bounces off the bottom of the channel.
There after i trade the bounces of the 60EMA if you miss the bounce off the channel.
For eg. look at the E/U , G/U , A/U. the daily channel is uptrend then i traded the bounce off the bottom off the channel . this is safer and increases your success
X-man the legendary conqueror of markets
  • #619
  • Dec 2, 2011 1:50am Dec 2, 2011 1:50am
Quoting davlo
looks like we have a swing trade per the rules, what do guys think

Attachment
Davlo yes here on EUR/GBP you can go short.
Be careful that the channel is steep. That means the steep channels dont hold for very long.
There might be a break to the upside that will make the channel less steep.
As we can see here that PA is just walking along the top of the channel.
With steep channels its better to get more confirmation before entering
X-man the legendary conqueror of markets
  • #620
  • Dec 2, 2011 1:53am Dec 2, 2011 1:53am
Quoting X-Man
Davlo yes here on EUR/GBP you can go short.
Be careful that the channel is steep. That means the steep channels dont hold for very long.
There might be a break to the upside that will make the channel less steep.
As we can see here that PA is just walking along the top of the channel.
With steep channels its better to get more confirmation before entering
Just wanted to say thanks Xman for the system and the time you devote to us, it is truly appreciated, i pray the best for your all your generosity
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