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  • #941
  • Dec 6, 2011 2:20am Dec 6, 2011 2:20am
Quoting lite27
X-Man, as I understand the system, we do not have any signal now. We can not sell euro because TSI is crossed up and near 38. Do you agree? Whats are your plans? In 2 minuts will be strong movement. Is it possible to create a skype room? Thank you,
TDI is not in the 32 zone yet so i would still short if it gives me a signal to.
Only when it is in the 32 zone i wont short.

At the moment im holding short on E/U

I dont think the skype room is a good idea as traders expect me to spoon feed them and this making me lose focus on my own trading, so i think this thread is enough.
You cant expect to be spoon fed, if you want the system to work then i expect you guys to do the work etc to master it.
X-man the legendary conqueror of markets
  • #942
  • Dec 6, 2011 2:21am Dec 6, 2011 2:21am
Quoting X-Man
Yeah thats all correct , i wait for the candle after the vertical line during the london session.

And yes i wait for the candle to close first.
X-Man, Are you Short for EU?
  • #943
  • Dec 6, 2011 2:26am Dec 6, 2011 2:26am
closed EU negative due to strong pull back...
  • #944
  • Dec 6, 2011 2:34am Dec 6, 2011 2:34am
What happened with the EUR USD what's with the strong pull back reversal???
  • #945
  • Dec 6, 2011 2:42am Dec 6, 2011 2:42am
Quoting Wbm
What happened with the EUR USD what's with the strong pull back reversal???
I don't know but I'm currently short on E/U and G/U and looking at losses, wondering to brave it out or accept losses now....think I'll hold and hope for another reversal.
  • #946
  • Dec 6, 2011 2:43am Dec 6, 2011 2:43am
I'm hoping it wont go past last swing high, it has stopped before getting there. So im going to hold out and see what happens :/

Quoting juliant
I don't know but I'm currently short on E/U and G/U and looking at losses, wondering to brave it out or accept losses now....think I'll hold and hope for another reversal.
  • #947
  • Dec 6, 2011 2:43am Dec 6, 2011 2:43am
Quoting Wbm
What happened with the EUR USD what's with the strong pull back reversal???
The only thing I can see (and I suspect it is) is some comments coming from Noyer of the ECB :

http://www.fxstreet.com/news/forex-n...5-4af7c5e370de

"Euro zone economy has strong capacity for rebound Franco-German euro zone proposals are "extremely strong" French banks are solid French banks can build capital without state funds No fears at all on French banking sector"
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #948
  • Dec 6, 2011 2:47am Dec 6, 2011 2:47am
Would that also affect GBP because that seems to have had the same reaction?

Quoting antantnz
The only thing I can see (and I suspect it is) is some comments coming from Noyer of the ECB :

http://www.fxstreet.com/news/forex-n...5-4af7c5e370de

"Euro zone economy has strong capacity for rebound Franco-German euro zone proposals are "extremely strong" French banks are solid French banks can build capital without state funds No fears at all on French banking sector"
  • #949
  • Dec 6, 2011 2:48am Dec 6, 2011 2:48am
I think eu just hit a strong support line.
  • #950
  • Dec 6, 2011 3:01am Dec 6, 2011 3:01am
Well we got butchered there! But im thinking of taking a long now.
  • #951
  • Dec 6, 2011 3:03am Dec 6, 2011 3:03am
Quoting Wbm
Well we got butchered there! But im thinking of taking a long now.
Similarly butchered, out now, wait 5 mins and it will now probably reverse!
  • #952
  • Edited 3:41am Dec 6, 2011 3:04am | Edited 3:41am
Quoting X-Man
Thats how you 4H chart should look. simple

Some months i make more with 1H than the 4H .
Last month i made more on my swing trades because it was all trending so nice and other months the pairs wont trend at all. when i dont see nice trends i stick to the 1H.
for a pair to start trending take a very long time.

[size=3][color=blue]Thats why im back testing 1H G/U so we can jack up our pips per month to over...
X-Man, using your template from the first page I have descending SHI channel on USDCAD, what can be the reason for the difference? (I have checked the TF of the channel is set to 1440, i.e. daily TF.) My broker is Alpari UK.
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_H4_strategy name_20111206100006.gif Size: 29 KB
  • #953
  • Dec 6, 2011 3:06am Dec 6, 2011 3:06am
Yea, but im using a pending order 1 pip above the high of the last candle in case it does reverse, i dont want to risk it again.

Quoting juliant
Similarly butchered, out now, wait 5 mins and it will now probably reverse!
  • #954
  • Dec 6, 2011 3:07am Dec 6, 2011 3:07am
Actually ive cancelled it, it's too crazy today im staying out for now. I dont know what price wants to do at all.

Quoting Wbm
Yea, but im using a pending order 1 pip above the high of the last candle in case it does reverse, i dont want to risk it again.
  • #955
  • Dec 6, 2011 3:11am Dec 6, 2011 3:11am
There is a huge pullback candle on de E/U H1 and 4, and tdi is crossing up, so the rules are to enter long now!
But i don`t dare to do it
  • #956
  • Dec 6, 2011 3:14am Dec 6, 2011 3:14am
euro long with stop loss 1.3331
  • #957
  • Dec 6, 2011 3:15am Dec 6, 2011 3:15am
thats risky
  • #958
  • Dec 6, 2011 3:17am Dec 6, 2011 3:17am
I agree, it's too dangerous at the moment imo.

Quoting Robst3r
thats risky
  • #959
  • Dec 6, 2011 3:18am Dec 6, 2011 3:18am
Yep i also got murdered on the EUR/USD this morning

In hindsight i remember X-man saying look for multiple blue bars for confirmation before entering long or red bars for short. There was only one blue bar before I went long so I need to bear this in mind in future.....
  • #960
  • Dec 6, 2011 3:19am Dec 6, 2011 3:19am
Today is one of the days when your trades dont work out as planned
up down up down up down

good thing we have SLs what would the trading world be without them?
X-man the legendary conqueror of markets
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