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  • #681
  • Dec 2, 2011 10:32am Dec 2, 2011 10:32am
X-Man I just had a question regarding the 4h method, do you hold onto trades over the weekend? Specially if the signal comes late on a Friday, or on a Friday at all?


Quoting X-Man
A nice short trade on the 1H method.
I missed that trade.
Im not in my trading zone on fridays its more of a chilled day for me.
That ran for about 100 to 130 pips . Would be a good friday to whoever caught that baby.
I wouldve entered short on the blue candle pullback
  • #682
  • Dec 2, 2011 10:48am Dec 2, 2011 10:48am
Quoting Wbm
What made the Dollar shoot up so fast? I was going to take the trade but haven't been too successful today due to choppy price so thought I'd stay out. In Hindsight I should have taken it. Oh well

It's Freaky Friday - NFP. Unless you know what you're doing it's not a day to trade.
  • #683
  • Dec 2, 2011 11:00am Dec 2, 2011 11:00am
Quoting X-Man
A nice short trade on the 1H method.
I missed that trade.
Im not in my trading zone on fridays its more of a chilled day for me.
That ran for about 100 to 130 pips . Would be a good friday to whoever caught that baby.
I wouldve entered short on the blue candle pullback

Excellent thread !
i have used this thread silently !!!

the results are great ! but i think there is still works to do , working on an indicator if it helps i will post here (XSSS you should confirm first for the permission)
  • #684
  • Dec 2, 2011 11:05am Dec 2, 2011 11:05am
Quoting X-Man
A nice short trade on the 1H method.
I missed that trade.
Im not in my trading zone on fridays its more of a chilled day for me.
That ran for about 100 to 130 pips . Would be a good friday to whoever caught that baby.
I wouldve entered short on the blue candle pullback
Hi Xman,
from the chart you posted now........your 6:00 on that chart is my 7:00 and your 12:00 is my 13:00. Now have resolved the time issue and i hope other traders should check why they ain't doing well with S3.

Thanks for the sweet system.

Note:I use Alpari uk and i reside in Nigeria.

Ayour2a
  • #685
  • Dec 2, 2011 11:27am Dec 2, 2011 11:27am
Oh well live and learn I guess. I see the potential of this method but I can't seem to grasp it for myself, it's so frustrating.

Quoting nunrgguy
It's Freaky Friday - NFP. Unless you know what you're doing it's not a day to trade.
  • #686
  • Dec 2, 2011 11:32am Dec 2, 2011 11:32am
Quoting Wbm
X-Man I just had a question regarding the 4h method, do you hold onto trades over the weekend? Specially if the signal comes late on a Friday, or on a Friday at all?
Yeah sure i do hold those swing trades over weekends.
Most of the time PA hardly moves and other times it will move in your direction .
But remember to set those SLs
X-man the legendary conqueror of markets
  • #687
  • Dec 2, 2011 11:36am Dec 2, 2011 11:36am
Quoting shahrooz67
Excellent thread !
i have used this thread silently !!!

the results are great ! but i think there is still works to do , working on an indicator if it helps i will post here (XSSS you should confirm first for the permission)
what indi? post it and let the traders have a look.
Maybe it will help traders you never know.

Sometimes trader posting useful info may help.
To tell you how i came about using the 60EMA was through Erebus. His the one that gave me hints.
He use to post on the TMS thread that his using some sort of EMA for different types of pairs and thats when i started combining the TMS method with EMAs and then finally seen how the 60EMA became magical thats when i started making pips like crazy
X-man the legendary conqueror of markets
  • #688
  • Dec 2, 2011 11:39am Dec 2, 2011 11:39am
Quoting X-Man
A nice short trade on the 1H method.
I missed that trade.
Im not in my trading zone on fridays its more of a chilled day for me.
That ran for about 100 to 130 pips . Would be a good friday to whoever caught that baby.
I wouldve entered short on the blue candle pullback
I also took this one, but I noticed that little red arrow about the first red candle. This is not on my chart. I remember about 6 months ago I had gotten this indi ( I think from someone on Big E's forum) but is it supposed to be on your template and if so, what is it called? I thought it was in the synergy package Thanks!
  • #689
  • Dec 2, 2011 11:44am Dec 2, 2011 11:44am
Thank you for the response

Quoting X-Man
Yeah sure i do hold those swing trades over weekends.
Most of the time PA hardly moves and other times it will move in your direction .
But remember to set those SLs
  • #690
  • Dec 2, 2011 11:58am Dec 2, 2011 11:58am
I know the old saying: it is better to wish being in a trade than wishing to get out of a bad one. I had Sell Stops for the E/$ (@1.3487) and the E/gbp (@ .8594) this morning around 14:00 gmt but I needed to leave the house and didn't trust my instincts with SLs & TPs so I cancelled. Bad - the E/$ would have made 100+ pips and the other around 25 or so.

But more will be coming next week and I'm starting to get the hang of the 4H method so ready to go again. +74 pips for the week after a big loss of -136 & a big win of +140 with other minor pluses thrown in. Have a good weekend all, p.
  • #691
  • Dec 2, 2011 12:08pm Dec 2, 2011 12:08pm
I know this was mentioned once before, BUT I still dont understand. Phx62 enters on a 15 min and maitains his position on 1 hour if i am not mistaken.

So does he or any of you that follow that entry style, enter before the 1 hour gives a cross-over signal? What do you look for in the candles on 1 hour that gives the clue to check 15 min. Although the pull-back entry I think was explained. I still dont get it
  • #692
  • Dec 2, 2011 12:10pm Dec 2, 2011 12:10pm
Hi, guys!

Can somebody make indicator, so when price touches SHI channel, it will send an email alert? It would be very helpful. Or setup some kind of alert indicator that would combine price touching channel and TDI.

Thanks,

lostfx
"All good things come to those who wait..."
  • #693
  • Dec 2, 2011 12:22pm Dec 2, 2011 12:22pm
Quoting lostfx
Hi, guys!

Can somebody make indicator, so when price touches SHI channel, it will send an email alert? It would be very helpful. Or setup some kind of alert indicator that would combine price touching channel and TDI.

Thanks,

lostfx
look at post 591 and 593..
there I have asked a similar question...
no coder answered till now...
  • #694
  • Dec 2, 2011 12:29pm Dec 2, 2011 12:29pm
Quoting lostfx
Hi, guys!

Can somebody make indicator, so when price touches SHI channel, it will send an email alert? It would be very helpful. Or setup some kind of alert indicator that would combine price touching channel and TDI.

Thanks,

lostfx
I know it's not as handy as an indicator but you can foresee the general area where price would hit the channel and set up an alert within MT4 itself.
  • #695
  • Dec 2, 2011 12:50pm Dec 2, 2011 12:50pm
Okay boys and girls. Here's my contribution for the day. I found this channel indicator with a sound alert on it. I haven't played much with it other than to see that you can set it for the daily on a 4H chart (looks the same as what we've been using) and there is an input for pips to channel for the alert.

Have at it.
Attached Image (click to enlarge)
Click to Enlarge Name: E-U scrn.jpg Size: 210 KB
Attached File(s)
File Type: mq4 ChannelBreakPrice.mq4   7 KB | 842 downloads
File Type: ex4 ChannelBreakPrice.ex4   11 KB | 622 downloads
  • #696
  • Dec 2, 2011 1:01pm Dec 2, 2011 1:01pm
Quoting spyderman
Okay boys and girls. Here's my contribution for the day. I found this channel indicator with a sound alert on it. I haven't played much with it other than to see that you can set it for the daily on a 4H chart (looks the same as what we've been using) and there is an input for pips to channel for the alert.

Have at it.

I just put this on another pair and the channel was quite a bit different from the Sonic SHI. Buyer beware. Don't know that this will work with XMan's system. Maybe someone could scab the alert portion of the code onto the Sonic SHI.
  • #697
  • Dec 2, 2011 1:09pm Dec 2, 2011 1:09pm
Quoting spyderman
I just put this on another pair and the channel was quite a bit different from the Sonic SHI. Buyer beware. Don't know that this will work with XMan's system. Maybe someone could scab the alert portion of the code onto the Sonic SHI.
well I think the SHI Channel-indi with quadrants (the one I have posted before) seems to be the better indi "with" the alert and MTF function...
both are needed to give proper signals...no coder here ?
  • #698
  • Dec 2, 2011 1:40pm Dec 2, 2011 1:40pm
Quoting piprac
I know the old saying: it is better to wish being in a trade than wishing to get out of a bad one. I had Sell Stops for the E/$ (@1.3487) and the E/gbp (@ .8594) this morning around 14:00 gmt but I needed to leave the house and didn't trust my instincts with SLs & TPs so I cancelled. Bad - the E/$ would have made 100+ pips and the other around 25 or so.

But more will be coming next week and I'm starting to get the hang of the 4H method so ready to go again. +74 pips for the week after a big loss of -136 & a big win of +140 with other minor...
Don't worry, I got stopped on my GU long trade this morning. EU and AU reached my target and was also able to catch few pips from the drop. Looks to me that EU is going back to the 1.3200 area.
  • #699
  • Dec 2, 2011 3:01pm Dec 2, 2011 3:01pm
Quoting spyderman
I just put this on another pair and the channel was quite a bit different from the Sonic SHI. Buyer beware. Don't know that this will work with XMan's system. Maybe someone could scab the alert portion of the code onto the Sonic SHI.
Okay guys, I need your help testing this.

I played around with the code on the Sonic channel we're using and inserted the alert part of the other indicator I found.

It's showing on the screen correctly and the inputs look right. It compiles with no errors in MetaEditor.

Take it for a spin and see if the alert works for you.
Attached File(s)
File Type: ex4 Sonic SHI Channel MTF with alert.ex4   15 KB | 738 downloads
File Type: mq4 Sonic SHI Channel MTF with alert.mq4   11 KB | 797 downloads
  • #700
  • Dec 2, 2011 3:01pm Dec 2, 2011 3:01pm
Hello,

I long usdcad, in H4 has bounced in bottom of channel, but price is below EMA 60... but in daily is just bouncing in EMA 60...

Is this correct trade? or is mandatory that in H4 price should be above EMA 60 to go long?

Thanks in advance.
Xavi.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.JPG Size: 101 KB
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