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  • #741
  • Dec 3, 2011 12:49pm Dec 3, 2011 12:49pm
Greetings fellow traders,

If anyone wants to backtest using a real good simulator, check this out:

http://www.forexfactory.com/showthread.php?t=70742

I use it all the time. It's easy to set up and there is a good manual as well. It allows you to see every tick, open and close trades etc. Best of all, it's free!

Cheers,

John
  • #742
  • Dec 3, 2011 12:56pm Dec 3, 2011 12:56pm
One thing about the simulator, for some reason it doesn't draw the SHI channel when it's running. Like Xman said previously, you can just use the 60 ema for testing. You just won't be able to know when you are close to the top or bottom of the channel.
  • #743
  • Dec 3, 2011 2:06pm Dec 3, 2011 2:06pm
X-Man, Is it possible to post next time when you enter the trades?
  • #744
  • Dec 3, 2011 3:02pm Dec 3, 2011 3:02pm
Quoting Fitness09
So I was looking at the EU 4H chart to plan (or attempt to) some possible swing trades for next week, and possible identify what may happen for the EU 1H trades.
Chart 1: EU 4H with the 4H trend line. This is showing a downward trend which could make a case the EU is heading south.
Attachment

This next chart is the EU 4H with the Daily trend line (per Xman's system) that is showing an up trend.
Attachment

Would like some other traders to give me their thoughts. Thanks

Fitness
well ,I also trade my mathematical Cycles and there should be a slightly uptrend for the rest of this and year and little time further...
  • #745
  • Dec 3, 2011 3:16pm Dec 3, 2011 3:16pm
Quoting X-Man
what indi? post it and let the traders have a look.
Maybe it will help traders you never know.


I am a math student which cares about the stocks and FX ! my calculations in fx is incredibly accurate when combined with your strategy ! the indicator is coded by myself but still hard works needed , when it came to an end i ,will post it here !
thx for your support
  • #746
  • Dec 3, 2011 3:56pm Dec 3, 2011 3:56pm
Quoting X-Man
The 4H swing trade method

[i][size=5][color=Blue][size=3]Time frame - 4H
Pairs- Any pair you feel like trading (look for pairs thats trending)
Times- Any time of the day
Indicators - TDI with the blue bands, Synergy bars , SHI Channel , 4 EMA shift 0 ,
60 EMA shift 0.

Method is as follows :
-When Price is under the 60 EMA then we are in a downtrend so we sell the tops
- That is when the 4 EMA start to touch the 60 EMA and price touches the top of the SHI channel.
- On TDI you will see...

How are the fractals considered when entering, exiting a trade? They are not mentioned in the rules, yet they are in the template.

Thanks! :-)
  • #747
  • Dec 3, 2011 4:21pm Dec 3, 2011 4:21pm
Quoting fxtrade13
How are the fractals considered when entering, exiting a trade? They are not mentioned in the rules, yet they are in the template.

Thanks! :-)
Here's Xman's comments earlier on that.
Quoting X-Man
Nope those arrows dont mean anything ,go to objects and remove them.
Well i look at TDI and the synergy bars.
  • #748
  • Dec 3, 2011 5:12pm Dec 3, 2011 5:12pm
Hi X-Man...

according to my picture below, Can I go LONG if I have such this thinking :
1. Price will bounce lower channel
2. TMS give Long signal.

Or this will not be a bounce trade as :
1. Price is still under 60 EMA, it will only go Short at the Tops
2. TMS' Long signal means nothing if Price is still under 60 EMA
3. There is no break of lower band of the TMS
4. The 4 EMA even did not touch the 60 EMA at all.

So which is correct from the above possibilities?

Thanks & Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: will we5.gif Size: 25 KB
  • #749
  • Dec 3, 2011 7:21pm Dec 3, 2011 7:21pm
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
Quoting jbudd
Greetings fellow traders,

If anyone wants to backtest using a real good simulator, check this out:

http://www.forexfactory.com/showthread.php?t=70742

I use it all the time. It's easy to set up and there is a good manual as well. It allows you to see every tick, open and close trades etc. Best of all, it's free!

Cheers,

John
Very nice! thanks for sharing.
  • #750
  • Edited 9:51pm Dec 3, 2011 9:29pm | Edited 9:51pm
Quoting tillandran
Hi X,

Thanks for this wonderful system. It has been great

May I know what does the blue circle with a dot in middle means for EU/GB? Thanks
I have seen circles like that on the swings indicator as well. I believe it is showing the movement of the channel. This will cause some people to freak out cause "repaint"...lol but it is just the channel moving due to the market

ALSO:

I think others have asked this as well, but when do you know to hold out on your SL or move it to break even. I have a hard-time deciding so always let my SL hit (which could be a bad idea). Any advice on how to determine would be nice. I know eelfranz said that he takes his trade out when it goes against him 10 to 12 pips. X-MAN i think you do the same when it goes 20-25 pips against you. I just dont know if it is an immediate position removal or what goes into your mind to let you know that it may be the time to let go of the trade. I am trying to get a feel of what to do rather than be mechanical about it.
  • #751
  • Dec 3, 2011 10:59pm Dec 3, 2011 10:59pm
[ Any advice on how to determine would be nice. I know eelfranz said that he takes his trade out when it goes against him 10 to 12 pips. X-MAN i think you do the same when it goes 20-25 pips against you. I just dont know if it is an immediate position removal or what goes into your mind to let you know that it may be the time to let go of the trade. I am trying to get a feel of what to do rather than be mechanical about it.[/quote]


Here's my take. I use the synergy candles to decide on getting out of deal possibly gone bad. Got it off the TMS thread originally and X-man has made a different use of it here, but the idea is if you see a doji or a candle with very little body and somewhat long wicks, (even if its still the right color) I get out. This is also what X-Man uses as an early entry bar or pullback. The idea is that if it has pulled back that far then its time to get out. Obviously if there is a candle that changes color against you this also constitutes a "get outta dodge" signal as well. I usually will not make the decision to get out until the current candle is fully formed unless extreme movement is happening. This movement could be due to some new news in the market or some world event. You can always re-enter and I love the saying "its better to be wanting to get into the trade rather than dying to get out of one." I recall Xman saying something along the lines of "you gotta be flexible and be able to make the decision to turn yourself around if the market tells you to." I would temper that thought with the idea of practice. In the begginning I made the sad attempt at being too flexible and flip flopped a few times in the same session. My first experience of chop as it were and it was devastating. Lesson learned, let me tell you. Hope this helps.
"IN CASH WE TRUST"
  • #752
  • Dec 4, 2011 1:59am Dec 4, 2011 1:59am
Quoting littlebunny
Thanks, X-Man; looking forward to participating.

In case anyone wants it, here's an indicator that will box your trading sessions so you don't have to draw lines. Makes it easy to look back & study. Mine is set up for central time; the white box is New York & the blue box is London. Tinker with the time settings to match where you live.
Hi Bunny
I Have downloaded these files but it does not open in MS Word but it opens with garbled characters.
Can you send it in MS Word or WordPad.rtf format so that it can be opened in readable form

arasheed
  • #753
  • Dec 4, 2011 3:05am Dec 4, 2011 3:05am
Hi Xman,

Based on 4H Setup, once the TDI cross & bars turn red, is that already considered a valid setup?

Evilmaster
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.JPG Size: 112 KB
  • #754
  • Dec 4, 2011 9:32am Dec 4, 2011 9:32am
Quoting arasheed
Hi Bunny
I Have downloaded these files but it does not open in MS Word but it opens with garbled characters.
Can you send it in MS Word or WordPad.rtf format so that it can be opened in readable form

arasheed
Not Bunny, but in .pdf format...........
Attached File(s)
File Type: pdf chart.pdf   53 KB | 1,173 downloads
File Type: pdf session boxes settings.pdf   3 KB | 1,152 downloads
  • #755
  • Dec 4, 2011 9:40am Dec 4, 2011 9:40am
Last week was a very busy week for me, without much sleep, but I still managed to get some good trades in. I had already posted Mon & Tues trades. No trades on Wed, Thurs PA was ranging and took a long time to reach profit but Friday was a good trading day....lots of pips. The trading plan is simple and it works. You have to trust the TDI crosses and watch what PA is doing. Thanks to Big E for showing me the system and X-Man, keep up the good work.
Attached Image (click to enlarge)
Click to Enlarge Name: 12.2.11 week.jpg Size: 135 KB
  • #756
  • Dec 4, 2011 10:01am Dec 4, 2011 10:01am
Quoting redhouse
Not Bunny, but in .pdf format...........
Thank you very much REDHOUSE for taking pain for solving this problem.
arasheed
  • #757
  • Dec 4, 2011 10:10am Dec 4, 2011 10:10am
Quoting Phx62
Last week was a very busy week for me, without much sleep, but I still managed to get some good trades in. I had already posted Mon & Tues trades. No trades on Wed, Thurs PA was ranging and took a long time to reach profit but Friday was a good trading day....lots of pips. The trading plan is simple and it works. You have to trust the TDI crosses and watch what PA is doing. Thanks to Big E for showing me the system and X-Man, keep up the good work.
Good job, man. I look forward to your posts the most.
  • #758
  • Dec 4, 2011 11:16am Dec 4, 2011 11:16am
Can you tell me at what point the channel will re-align itself once PA has broken through ?

Looking at GBPCHF price is outside the channel, so I'm wondering where the lines should be now to assess the position of MA's against the channel.
  • #759
  • Dec 4, 2011 11:30am Dec 4, 2011 11:30am
Phx62, could you upload the cave manager pls. That may make it easier to manage the trade.
  • #760
  • Dec 4, 2011 11:32am Dec 4, 2011 11:32am
Quoting Phx62
Last week was a very busy week for me, without much sleep, but I still managed to get some good trades in. I had already posted Mon & Tues trades. No trades on Wed, Thurs PA was ranging and took a long time to reach profit but Friday was a good trading day....lots of pips. The trading plan is simple and it works. You have to trust the TDI crosses and watch what PA is doing. Thanks to Big E for showing me the system and X-Man, keep up the good work.
Thank you Phx62!
Regarding thetradeon Thursdayto 16h, it seemsthat there wasapullbackof more than 30pipson the secondcandle.Whydid you decide (and rightly so!)to staystillin thetrade? Psychologicallyit mustbe hard!
vcary
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