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  • #1,121
  • Dec 7, 2011 2:13am Dec 7, 2011 2:13am
Quoting arasheed
Is this proper setup to go short on GBPUSD as TDI has formed Hook downword??

Please advise. See attached screen shot.

arasheed
TDI has not crossed, it could easily bounce back at red line, also candle color has not changed.
wait a bit more...
  • #1,122
  • Dec 7, 2011 2:13am Dec 7, 2011 2:13am
Quoting hale-mary
Zoom out and you will see an obvious S/R level to the left. It stick out like a sore thumb. no thinking involved
So those 2 red bars was just a confirmation pattern of up trend?
  • #1,123
  • Dec 7, 2011 2:13am Dec 7, 2011 2:13am
Quoting hale-mary
What resistance the previous high is 40 pips away?

For intrday trading, I also look at the daily pivots levels.
R1 is 1.3446. Too close for comfort for me t jump in. So I must wait for a small retracement and get a better price. or else, I give this setup a miss and wait for the next one.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1_X-Man S3_20111207075847.gif Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,124
  • Dec 7, 2011 2:16am Dec 7, 2011 2:16am
Quoting X-Man
Well that happened on the vertical line by all that back testing i have noticed that you should wait 1 candle after the vertical line
then see if theres any signal. with the NY session the trades mostly happen right on the vertical line.

Right now i entered short on E/U.
But everyday the ATR is getting tighter. showing me theres less and less movement.
Thank you X-Man but there was still a bounce, an hour after the vertical line on the candle from 7am
Can you explain why you did not trade on this bounce?
Was it invalid?
Thank you!
  • #1,125
  • Dec 7, 2011 2:17am Dec 7, 2011 2:17am
Have a look at this 4H chart,
Look at the arrows,
The purple arrow would be a loosing trade.
The rest of the arrows are winning trades.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.jpg Size: 136 KB
X-man the legendary conqueror of markets
  • #1,126
  • Dec 7, 2011 2:18am Dec 7, 2011 2:18am
Hi X-man,

FIrst, Thank you too much to share in this thread your wonderful trading strategy and indicators.

I'd like just to ask you something, which could give us as newbies more confidence. I don't have time to trade all the day watching the charts.

But in order to strengthen our learning and gain more confidence with entries we could take, would you mind X-man to share your 4H trades setups, could be in some other thread, skype discussion or Twitter ?

Thank you again X-man.
  • #1,127
  • Dec 7, 2011 2:20am Dec 7, 2011 2:20am
Quoting Luchetto93
What's wrong with this trade? TDI Angle?
Entry @ 1.33663
SL @ 1.34015 (35 PIPS)
As mentioned earlier there was no wood in there for you to take a short. All the support levels started from 1.3400 and headed upto 1.3420 (yesterdays central daily pivot on my brokers time GMT + 2).

Next time try and keep as many objects as possible between your entry and your stop loss... limit your SL to a max bw 30-50 pips and squeeze in as many objects as you can. Objects for an SL can be - Monthly, Weekly and Daily Pivots, 55, 200, 365 moving averages on multiple time frames, round numbers, trendlines and S&R levels..

Hope this helps.
  • #1,128
  • Dec 7, 2011 2:21am Dec 7, 2011 2:21am
Thank you guys for your help!
  • #1,129
  • Dec 7, 2011 2:22am Dec 7, 2011 2:22am
Quoting geosanuy
Hey X-Man, I've put your H4 Strat on a Word doc, for my reference and to print out, posting it if anyone wants it, it's basically all your writing so should be ok, let me know if it needs any amends.
Hi geosanuy
I could not open DOC file afterseveral tries.
Can you please upload this file in Pdf format? so that I can open it

Thanks

arasheed
  • #1,130
  • Dec 7, 2011 2:22am Dec 7, 2011 2:22am
Quoting arasheed
Is this proper setup to go short on GBPUSD as TDI has formed Hook downword??

Please advise. See attached screen shot.

arasheed
Ask yourself this...has the bar closed RED with momentum? Has the TDI closed crossed? Has the next bar OPENED red with perhaps a gap under the ema and no tail?
  • #1,131
  • Dec 7, 2011 2:23am Dec 7, 2011 2:23am
Quoting X-Man
Hey there my math friend

I would like to know if your system only works on the 15m chart?
For me theres too many indicators .
I love to monitor PA mostly.
The more indicators there are the more i get confused and cause me to make wrong decisions.


NO ! you can get easier signals on M15 ! but you can use it on any time frame ! the calculations are based on the touch points, fractals and triangulations. when u use this there is no need of TDI and stoch ! just synergy bars or super trend candles and $shah trend.
History is every thing!
seems no one else is interested !
  • #1,132
  • Dec 7, 2011 2:23am Dec 7, 2011 2:23am
Quoting X-Man
Well that happened on the vertical line by all that back testing i have noticed that you should wait 1 candle after the vertical line
then see if theres any signal. with the NY session the trades mostly happen right on the vertical line.

Right now i entered short on E/U.
But everyday the ATR is getting tighter. showing me theres less and less movement.
Hey there X-Man,
You just dismissed 2 of your own guidelines
Candle is still blue and
No TDI cross...???
Enter Signature
  • #1,133
  • Dec 7, 2011 2:24am Dec 7, 2011 2:24am
Hi all,

I still havent got into the trade yet. Learnt my lesson already. Rather be more conservative. Waiting for the second stick to end and TDI curved at the moment.

Hope it cross down and hope it will be a clear cross signal.

Just targeting 30 pips.

Happy trading...

Hil
  • #1,134
  • Dec 7, 2011 2:26am Dec 7, 2011 2:26am
Quoting vcary
Thank you X-Man but there was still a bounce, an hour after the vertical line on the candle from 7am
Can you explain why you did not trade on this bounce?
Was it invalid?
Thank you!
I dont just trade any TDI signal.
Because not all the signals are valid.
The signal ill take is 1 candle after the first vertical line
So thats why i didnt trade the bounce
X-man the legendary conqueror of markets
  • #1,135
  • Dec 7, 2011 2:27am Dec 7, 2011 2:27am
Quoting nunrgguy
Ask yourself this...has the bar closed RED with momentum? Has the TDI closed crossed? Has the next bar OPENED red with perhaps a gap under the ema and no tail?
Thanks nunrgguy for advice similar fomation has appeared on EurUsd H1 chart as well and waiting for going short possibly.

arasheed
  • #1,136
  • Dec 7, 2011 2:28am Dec 7, 2011 2:28am
am i allowed to publish my indicator rules trading combining with your rules here or not ?!
  • #1,137
  • Dec 7, 2011 2:29am Dec 7, 2011 2:29am
Quoting X-Man
Well that happened on the vertical line by all that back testing i have noticed that you should wait 1 candle after the vertical line
then see if theres any signal. with the NY session the trades mostly happen right on the vertical line.

Right now i entered short on E/U.
But everyday the ATR is getting tighter. showing me theres less and less movement.

Hi X-Man,

what the reason for going short now. Can't find a reason for that?
  • #1,138
  • Dec 7, 2011 2:29am Dec 7, 2011 2:29am
Quoting SmokeyD
Hey there X-Man,
You just dismissed 2 of your own guidelines
Candle is still blue and
No TDI cross...???
EU is atm - see H4 with 40 to a 60 ema - flat, no weekly trend apparent.
H4 direction vaguely up but going into an area full of cr@p. May have been a long scalp but nothing I'd want to get into today. If some short momentum shows up may consider but don't like the look of it so far
  • #1,139
  • Dec 7, 2011 2:29am Dec 7, 2011 2:29am
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
TDI, crossed daily channel... ofc u mybe ll get some pips.. but i never jump in trade like this.
  • #1,140
  • Dec 7, 2011 2:32am Dec 7, 2011 2:32am
Quoting arasheed
Hi geosanuy
I could not open DOC file afterseveral tries.
Can you please upload this file in Pdf format? so that I can open it

Thanks

arasheed
let me try again, bad upload, don't have pdf editor.
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File Type: doc The 4H swing trade method.doc   1.2 MB | 913 downloads
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