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  • #1,061
  • Dec 6, 2011 6:52pm Dec 6, 2011 6:52pm
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.
Nice.. Thanks heaps.

Btw, any specific reason why you choose M15 to M30?
  • #1,062
  • Dec 6, 2011 6:54pm Dec 6, 2011 6:54pm
Quoting Raa
why u shorted ucad?? it ll reverse soon..
Hi Raa,

I short it based on Daily candle pierce through EMA60, while 4H is also at a down trend. Could you please let me know why you think it will reverse soon?

Is it because TDI is at the low area and will cross soon?

Im willing to learn, please teach me.

Hil
  • #1,063
  • Dec 6, 2011 7:24pm Dec 6, 2011 7:24pm
Quoting alteclansing
Hi Raa,

I short it based on Daily candle pierce through EMA60, while 4H is also at a down trend. Could you please let me know why you think it will reverse soon?

Is it because TDI is at the low area and will cross soon?

Im willing to learn, please teach me.

Hil
Hi Hil
Look left on the 4 hour chart, you will see strong support at the 1.0075 area, also on the Daily the PA is sitting on the lower channel on an up trend, be watchfull of this trade.
As for UJ the ADR is only 49 pips, slow mover.
Regards
Barry
  • #1,064
  • Dec 6, 2011 7:35pm Dec 6, 2011 7:35pm
Quoting MeLe
Hi Hil
Look left on the 4 hour chart, you will see strong support at the 1.0075 area, also on the Daily the PA is sitting on the lower channel on an up trend, be watchfull of this trade.
As for UJ the ADR is only 49 pips, slow mover.
Regards
Barry
Thanks for that Barry. Funny though, my U/CAD Daily channel is on a Down trend, how come yours is on an uptrend?

My SHI channel is set to 1440.
  • #1,065
  • Dec 6, 2011 7:41pm Dec 6, 2011 7:41pm
Not sure about the SHI channels there seems to be some differences with different traders, but the one that I am using is showing a uptrend.
  • #1,066
  • Dec 6, 2011 7:47pm Dec 6, 2011 7:47pm
Quoting amiralifx
Thanks X - Man for your s3 system .

please look at today chart at eurusd h1.


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
If I may....

1) I believe many of us took a loss on your first trade. All conditions pointed to hitting the Go button for a Sell trade. This is why we have SL's. My only comment would be that, in my opinion, your SL was too much. I had mine set at the latest line of support at 1.3360

2) Firstly, as per X-Mans suggestion, never enter a position unless the synergy bar color matches the direction of the trade. You entered a Sell position on a blue candle. Secondly, I would never enter a trade based on a candle with very long wicks on both ends. PA is telling you "I'm totally confused on which way to go".

By the time the next candle closed, you had a nice cross and slope up on the green TDI for a Buy, and that should have at least brought you back to break even from the first loss.

For me, I took a 20pt hit where you did, but took 46 on my second trade. All in all, an OK day for my S3 trading based on how choppy it was.

Hope this helps
Enter Signature
  • #1,067
  • Dec 6, 2011 8:25pm Dec 6, 2011 8:25pm
Quoting Rodcisal
It's beautiful how fractals works

I didn't know them but I got how to use them just at staring at the charts for so long time, I will recommend everyone to study pair history before trading just to get to know him well before taking a ride with him.


Regards.
Would you mind sharing how you use them?

Thanks.
  • #1,068
  • Edited 8:56pm Dec 6, 2011 8:43pm | Edited 8:56pm
Quoting fxtrade13
Would you mind sharing how you use them?

Thanks.
I don't know if I'm right, but you can look at the chart and you will notice that every time a fractal appears down on a bar PA is most likely to go up till another fractal shows up (this time up on a bar) and again PA goes in the opposite way.

So if we see a fractal up on a bar PA will go down and viceversa.

It's kind of bouncing points.


Hope I'm fine


Regards




regards
let's skype: @elchinoazul
  • #1,069
  • Dec 6, 2011 8:55pm Dec 6, 2011 8:55pm
Quoting SmokeyD
[size=3][font=Lucida Sans Unicode]If I may....

1) I believe many of us took a loss on your first trade. All conditions pointed to hitting the Go button for a Sell trade. This is why we have SL's. My only comment would be that, in my opinion, your SL was too much. I had mine set at the latest line of support at 1.3360

2) Firstly, as per X-Mans suggestion, never enter a position unless the synergy bar color matches the direction of the trade. You entered a Sell position on a blue candle. Secondly, I would never enter a trade based on a candle...
Follow up Questions, If you dont mind.

So are you suggesting that we enter a position AFTER the cross, not AT the cross? Because the way I see it, for his 2nd trade, He saw the previous bar (RED) before he entered, hence the sell position. So it's technically right?

But from my POV, after looking at the next candle, the TDI green signals to 'buy', I can just close the Short position I initially had before it hit the SL, and switch to buy.

Please comment.
  • #1,070
  • Dec 6, 2011 9:01pm Dec 6, 2011 9:01pm
Quoting Rodcisal
I don't know if I'm right, but you can look at the chart and you will notice that every time a fractal appears down on a bar PA is most likely to go up and viceversa.

There will be times when this is not going to work cause you know there's not a 100% accurate indi but at least is high probable that trend go in the opposite way when a fractal shows up


regards
what are Fractals?
it is nothing more than simple pin pointing to your the highs and lows based on the candle counts you chose.
for example, the SHI channel H4 is calculating the fractals of 15-bars to see where the last high/low bars were. Once it sees three highs/lows points, it draws the channel for you.

just google Bill Williams Fractals ...and you get plenty of resource on fractals.
or here is a link witht good explanation on fractals:
http://forex-indicators.net/bill-williams/fractals

Enjoy the learning journey!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,071
  • Dec 6, 2011 9:13pm Dec 6, 2011 9:13pm
We all use X-man's Sybergy APB on our price charts and it help us filter the buys and sell setups.

For better understanding what the red and blue bars are replacing your price candlesticks, it is the same as what the better known Heiken Ashi candles.

go to this link and learn more.
http://forex-indicators.net/trend-in...i-candlesticks

Enjoy!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,072
  • Dec 6, 2011 9:32pm Dec 6, 2011 9:32pm
Quoting SuperNoobie
Follow up Questions, If you dont mind.

So are you suggesting that we enter a position AFTER the cross, not AT the cross? Because the way I see it, for his 2nd trade, He saw the previous bar (RED) before he entered, hence the sell position. So it's technically right?

But from my POV, after looking at the next candle, the TDI green signals to 'buy', I can just close the Short position I initially had before it hit the SL, and switch to buy.

Please comment.
Yes...using the S3 parameters, we had everything required for a Buy signal (trade No. 1). The next candle (red) came very quickly and caught most of us who entered on the Buy signal.

IF at anytime your trade takes on the look that it may not be going your way...absolutely close the trade! A small hit is much better than hitting your SL. IF you then get confirmation based on the S3 parameters to Buy...Hit the GO button!
Enter Signature
  • #1,073
  • Dec 6, 2011 9:39pm Dec 6, 2011 9:39pm
Quoting emmanuel7788
We all use X-man's Sybergy APB on our price charts and it help us filter the buys and sell setups.

For better understanding what the red and blue bars are replacing your price candlesticks, it is the same as what the better known Heiken Ashi candles.

go to this link and learn more.
http://forex-indicators.net/trend-in...i-candlesticks

Enjoy!
Heres all the info about The Synergy APB Candle Bars (aka Average Price bars) it's based on Heiken Ashi but has extra calculations, there is also info about the TDI included, a good read since it's related or similar to this method of BigE/PHx62/Britpip7/Phx62/seller9 etc...

heres a PDF from "Dean Malone's Easy Method" it's the smaller version of the original

Attached File(s)
File Type: pdf Why_the_E.A.S.Y_Method.pdf   254 KB | 1,327 downloads
Don't forget Practice + Patience + Persistence = Profits
  • #1,074
  • Dec 6, 2011 10:49pm Dec 6, 2011 10:49pm
Hi Guys,{Gals}. Rather then send X Man round the bend continuing to answer newbie and repeat questions. May I suggest that someone with more Computer nouse then I compile a list of posts and charts that are the most relevant to this Thread and make a Template that they can refer back to. For Example, X Mans last 4 hour Chart Post 997 clearly shows his Strategy, Entries and Potential Profits. Also Phx 62s examples of his trades results on 1 hour strategy , Posts 755, 890 and 1049 show the Indications of where he Entered, Targets and explains Stops. All these Charts show Profit potential, and results. Anyone asking repeat Questions can then be directed to that Particular page or Group of Posts that contain this info. When a Newbie or Repeater asks Refer them to Page / Post. Guys we must take notice of the successful Traders that are willing and freely giving there expertise to help all of us. But you have to realise if they have frustrations it is not with the market but wannabe traders who are not willing to read Posts, or research the Thread, or take in their Communiques. Most of you know only study, hard work backtesting, analysing and taking in what has been communicated to you from others can you then aspire to being a successful Trader let alone being in the top 5 or 10% of moneymakers. You will come to an understanding that no EXTRA indicators, or negative thoughts such as being worried, scared, or frustrated when attempting to place a trade will help in the physche of being a Trader, trust me I have been there. You will learn much from reading above named posts and also from Erebus, Brit pip7 Smokey Dgcinc Big E Snarlyjack and others.

Cool headed Traders who look at the Price action, have a trade Strategy, react at the appropiate time, follow their plan, have a realistic Stop, target, and sound money management, and win most of the time. To the newbies and all traders remember in trading you have one great advantage, no one tells you where your stop HAS to go and neither when to take a profit. I read of a Trader who made 38,000 pips on one G/U trade in 2008 trading a daily chart that lasted 4 months. Just an idea for the newbies, why not Demo A/c 1 Bar stop and 3 bar profit target, using 1 hr and 4 hr strategies then you move your stop to B/E after 2 bar move then trail 3 bar stop. This is very basic but it is just to give you a feel of the Market. Very quickly you will see that most of the time you will be either stopped out, give back all your profit, and very occassionally have a large win. You will then pick up quickly how not to give up all your profits as you gain knowledge on ATR or other Profit Tgt and Stop Strategies as you read Past threads and Posts, and gather knowledge from other sources in your learning curve. Once you feel confident live trading is the way to go, BUT use nano or micro lots till you are consistently in profit, as there is nothing like actually being live in the market. Trading can be an unforgiving & brutal business. It can also be one of the most satisfying, enjoyable and the most rewarding business on the planet. Thru experience you WILL learn, or if you dont want to learn and research, and think you will profit by being spoonfed, then write a cheque out to the Big Boys now as they will collect it off you sooner or later. You dont have to be smart to be a trader, You need guidance, work ethic, patience, & discipline. The choice is yours.

9 Years and ALWAYS learning
  • #1,075
  • Dec 6, 2011 10:54pm Dec 6, 2011 10:54pm
All,

Staying with X-Mans format, I have some info to share.

I back tested 4 months and I believe there are certain conditions to add to our pip take. This had an 87% success rate.

I added the yellow indicator to show on the TDI, it is the Market Base Line.

Example Sell position...
If we took the Sell position high on the TDI and above the yellow line, there is a strong probability that a second position can be taken at the cross of the green and yellow. Opposite for a Buy position.

Quite often though, the green will cross the red and yellow at almost the same time.

The screen shot is last Tuesday, Wednesday, Thursday.

Just some food for thought, and remember I have only back tested this 4 months, but thought I would pass it on for others to monitor.

EDIT---This was observed and tested dropping down to the 30M TF after a position had been opened off the H1.
Attached Image (click to enlarge)
Click to Enlarge Name: 2xpips.gif Size: 35 KB
Enter Signature
  • #1,076
  • Dec 6, 2011 11:03pm Dec 6, 2011 11:03pm
Quoting SmokeyD
[size=3][font=Lucida Sans Unicode]All,

Staying with X-Mans format, I have some info to share.

I back tested 4 months and I believe there are certain conditions to add to our pip take. This had an 87% success rate.

I added the yellow indicator to show on the TDI, it is the Market Base Line.

Example Sell position...
If we took the Sell position high on the TDI and above the yellow line, there is a strong probability that a second position can be taken at the cross of the green and yellow. Opposite for a Buy position.

Quite often though, the...
How to put Market Base Line indicator in our chart ?
Keep Simple...!
  • #1,077
  • Dec 6, 2011 11:06pm Dec 6, 2011 11:06pm
Quoting kotlt
How to put Market Base Line indicator in our chart ?
If the yellow line is not showing on your TDI, then you have turned it Black (off). Turn it back to Yellow.
It is #2 in your color selection of the indicator.
Enter Signature
  • #1,078
  • Dec 6, 2011 11:16pm Dec 6, 2011 11:16pm
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.
Hi Phx62,

May i know why u din choose to take the trade at 'A' as show on the attachment?

TQ

Attached Image
Today's You was Your previously Thought.
  • #1,079
  • Dec 6, 2011 11:28pm Dec 6, 2011 11:28pm
Quoting justinforex
Hi Phx62,

May i know why u din choose to take the trade at 'A' as show on the attachment?

TQ

Attachment
Correct me if I'm wrong, but following what SmokeyD had said earlier today,

"2) Firstly, as per X-Mans suggestion, never enter a position unless the synergy bar color matches the direction of the trade. You entered a Sell position on a blue candle. Secondly, I would never enter a trade based on a candle with very long wicks on both ends. PA is telling you "I'm totally confused on which way to go"."

During at the time TDI crossed, the synergy / candle bar was red. Red - down. Green crosses red towards up - Long. Conflict, so No go.
  • #1,080
  • Dec 6, 2011 11:34pm Dec 6, 2011 11:34pm
Quoting Steve 56
Hi Guys,{Gals}. Rather then send X Man round the bend continuing to answer newbie and repeat questions. May I suggest that someone with more Computer nouse then I compile a list of posts and charts that are the most relevant to this Thread and make a Template that they can refer back to. For Example, X Mans last 4 hour Chart Post 997 clearly shows his Strategy, Entries and Potential Profits. Also Phx 62s examples of his trades results on 1 hour strategy , Posts 755, 890 and 1049 show the Indications of where he Entered, Targets and explains Stops....
Very well said Steve!

It takes Hours and Hours, leading to Months and Months of screen time to have any shot at being just moderately successful at this! My screen time each day averages 8-10 hours. That includes trading time, back testing, and exploration.

My education cost me 2 blown accounts and 18k USD. You all have an opportunity to get your "education" much cheaper...all you have to do is open your own eyes, provide your own motivation, and put in your own work.

Looking forward to the London open...Many Pips to All!!
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