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  • #1,041
  • Dec 6, 2011 11:05am Dec 6, 2011 11:05am
So the GU trade I posted went down 40 pips. But I thought it would go down more based on the TDI but it pulled back 20 pips so I closed. I need to figure out a better way to exit. Eelfranz used the tdi for exits...i think. But I think I need to observe the S/R areas nearby. I do see them, but I am not sure how to take them into account since I see prices blowing past them sometimes.

Also not sure about this, but the market tends to range at 12:00pm est so could that be taken as an exit signal despite a good TDI?
  • #1,042
  • Dec 6, 2011 11:16am Dec 6, 2011 11:16am
Hello HaleMary, personally i will usually wait for price to break short term s&r areas or if i get in before will place a tight trailing stop once i am in the money 15-20 pips. Just one strategy on MM. I took G/U short at break of current Res of 1.5580, rode for a quick 13 pips.
  • #1,043
  • Edited 12:30pm Dec 6, 2011 12:15pm | Edited 12:30pm
Quoting Brifx
Hello HaleMary, personally i will usually wait for price to break short term s&r areas or if i get in before will place a tight trailing stop once i am in the money 15-20 pips. Just one strategy on MM. I took G/U short at break of current Res of 1.5580, rode for a quick 13 pips.
I dont trade breaks. I see way to many times price will break and retrace. who knows....i am still trying to iron out screwball trading days like this. my equity curve tends to suffer on these types of days
  • #1,044
  • Dec 6, 2011 12:31pm Dec 6, 2011 12:31pm
Quoting thrax
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.
I also have the same problem, anyone know how to solve it?

Thanks
  • #1,045
  • Dec 6, 2011 12:37pm Dec 6, 2011 12:37pm
Quoting Rodcisal
Look at this chart

CABLE 1H

I entered when I noticed TDI green line was going up and crossing up the red line. It bounced and I close the trade.

But this is what I get by "High probability trading system"

regards.
Just going from that screen shot, without seeing further to the left there was no long there in any way shape or form - where is all the momentum, up or down?

If anything, that bar that closed blue in the end on the underlay should have been, at the start of the bar where you were entering short. PLUS TDI never crossed up, it may have touched or looked like it was crossing on the open bar but it didn't cross up, although from what I've seen with it live today showing two completely different states on 2 platforms but with the same broker I'm losing faith in it tbh. If you want to pre-empt it and get in before confirmation you have to be prepared to be whipsawed.
  • #1,046
  • Dec 6, 2011 12:46pm Dec 6, 2011 12:46pm
Quoting hale-mary
So the GU trade I posted went down 40 pips. But I thought it would go down more based on the TDI but it pulled back 20 pips so I closed. I need to figure out a better way to exit. Eelfranz used the tdi for exits...i think. But I think I need to observe the S/R areas nearby. I do see them, but I am not sure how to take them into account since I see prices blowing past them sometimes.

Also not sure about this, but the market tends to range at 12:00pm est so could that be taken as an exit signal despite a good TDI?
I remember him telling me if it pulls back more than 5 or 6 pips, he is out bc it will retrace more.
  • #1,047
  • Dec 6, 2011 1:04pm Dec 6, 2011 1:04pm
Quoting Fitness09
I remember him telling me if it pulls back more than 5 or 6 pips, he is out bc it will retrace more.
This is true but I am not trying to make this an exact science trying to get a feel/art for the movements
  • #1,048
  • Dec 6, 2011 1:05pm Dec 6, 2011 1:05pm
Guys ( XMan-sss) followers
i am almost done with my calcs but there are problems with my indicator processing , it takes huge times to calculate .there for there are heavy loads on the PC and there for boooof >>>> low speed ! the pic is attached , there are three seperate windows indics as you see !
first stoch ! 2nd my indic called $shah trend and the final TDI ! ok

i need a phisically shaped indicator like the $shah trend indic in MQ4 format to Copy the flowchart which it uses ( i am not a proffesional Coder) couz there are several probles in my indics ! as you can see the results are great in M15 !

please attach the indicator which are similar to the one which is shown !
thank you very much ( i mean indic which uses arrows like rectangles etc)

Indeed the help serves yourself !
Attached Image (click to enlarge)
Click to Enlarge Name: shah.gif Size: 27 KB
  • #1,049
  • Dec 6, 2011 1:34pm Dec 6, 2011 1:34pm
FYI Be very cautious with your TP and SL for the rest of this month. Many of the 'big boys" take two or three weeks off around the end of the year and go on "holiday." As a result, PA suffers and the pairs don"t move as much. I have reduced my initial TP on the H1 EU from 50 pips to 40 pips for the rest of December. I may reduce it even more if the PA is slow or trade the M15 chart for 15 or 20 pips at a time.
I got in on one H1 trade an hour after the London Open, for 40 pips today.
Attached Image (click to enlarge)
Click to Enlarge Name: 12.6.11.gif Size: 23 KB
  • #1,050
  • Dec 6, 2011 1:45pm Dec 6, 2011 1:45pm
Quoting Phx62
FYI Be very cautious with your TP and SL for the rest of this month. Many of the 'big boys" take two or three weeks off around the end of the year and go on "holiday." As a result, PA suffers and the pairs don"t move as much. I have reduced my initial TP on the H1 EU from 50 pips to 40 pips for the rest of December. I may reduce it even more if the PA is slow or trade the M15 chart for 15 or 20 pips at a time.
I got in on one H1 trade an hour after the London Open, for 40 pips today.
Thanks Phx62 pearls of wisdom as always.

Can I ask what method you use to backtest?
We're all just one trade away from humility.
  • #1,051
  • Dec 6, 2011 2:12pm Dec 6, 2011 2:12pm
Entered E/J long on the 4H swing mentioned earlier.
Will see where it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: e-j d.jpg Size: 159 KB
  • #1,052
  • Dec 6, 2011 2:39pm Dec 6, 2011 2:39pm
I didn't take that trade because price keeps banging it's head off the 60mea. And the daily tdi is just starting to cross down.

Good luck though!

Quoting spyderman
Entered E/J long on the 4H swing mentioned earlier.
Will see where it goes.
  • #1,053
  • Dec 6, 2011 3:15pm Dec 6, 2011 3:15pm
X-Man,

First of all thank you very much for sharing your system with the community. I've learnt a lot going through this thread!

Do you do your backtesting manually I.E you just scroll back on the chart to a random date? Or do you use a simulator? I'm interested in practising with historical data however in a simulated environment (price moves as if it was live). Was hoping someone could provide insight.

Thanks!


EDIT: Found the strategy tester in metatrader 4 which allows me to pick any date I want. Also loaded template into the visual. However when I start the strategy and place a test trade, its showing the LIVE price not the price of the back test. Help?
  • #1,054
  • Dec 6, 2011 3:25pm Dec 6, 2011 3:25pm
Possible a good looking hook on the USD CHF 4H
  • #1,055
  • Dec 6, 2011 3:27pm Dec 6, 2011 3:27pm
Thanks X - Man for your s3 system .

please look at today chart at eurusd h1.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 44 KB


i entered at begining of blue candel but sl with -30 pips. (no.1)


then i enterded at begining blue candel (no.2) because green tdi crossed red tdi but sl with -40 pips.


please help me and comments ?

thanks . good luck
  • #1,056
  • Dec 6, 2011 4:05pm Dec 6, 2011 4:05pm
Quoting Waqs
X-Man,

First of all thank you very much for sharing your system with the community. I've learnt a lot going through this thread!

Do you do your backtesting manually I.E you just scroll back on the chart to a random date? Or do you use a simulator? I'm interested in practising with historical data however in a simulated environment (price moves as if it was live). Was hoping someone could provide insight.

Thanks!


EDIT: Found the strategy tester in metatrader 4 which allows me to pick any date I want. Also loaded template into the visual....
Hey Waqs,

See post #741. Link to a simulator. Works great.

Cheers
  • #1,057
  • Dec 6, 2011 4:10pm Dec 6, 2011 4:10pm
Quoting jbudd
Hey Waqs,

See post #741. Link to a simulator. Works great.

Cheers
I also search for it ... Thanks jbudd...
  • #1,058
  • Dec 6, 2011 5:20pm Dec 6, 2011 5:20pm
Quoting jbudd
Hey Waqs,

See post #741. Link to a simulator. Works great.

Cheers
Thank you sir!
  • #1,059
  • Dec 6, 2011 5:31pm Dec 6, 2011 5:31pm
Thanks X man for your system, I've made 30 pips last night during Europe session.

I cant trade the US session as it starts at 00:00. Pips or sleep? I prefer sleep, though I can try putting in limit order and TP at 30 pips.

I've learnt not to be greedy, only chasing 30pips when PA is moving the same direction as SHI channel. 20 pips when moving against. Switch SL to breakeven when im on 20 pips profit.

I have also shorted U/CAD as it pushed through the EMA60 based on Daily candles. H4 also showing downtrend, we will see...

I have shorted U/J yesterday but it hardly move... Do you all know why?

Thanks

Hil
  • #1,060
  • Dec 6, 2011 6:32pm Dec 6, 2011 6:32pm
Quoting alteclansing
Thanks X man for your system, I've made 30 pips last night during Europe session.

I cant trade the US session as it starts at 00:00. Pips or sleep? I prefer sleep, though I can try putting in limit order and TP at 30 pips.

I've learnt not to be greedy, only chasing 30pips when PA is moving the same direction as SHI channel. 20 pips when moving against. Switch SL to breakeven when im on 20 pips profit.

I have also shorted U/CAD as it pushed through the EMA60 based on Daily candles. H4 also showing downtrend, we will see...

I have shorted...
why u shorted ucad?? it ll reverse soon..
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