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  • #1,181
  • Dec 7, 2011 5:40am Dec 7, 2011 5:40am
Quoting X-Man
[color=Blue][size=3]

Hey there buddy.
Nope i did not break any rules of mine.
I went strictly according to my experience and my rules.
Never did i say that the pullback candle must change color, those were the rules of someone else in this thread.
My rule is that whenever i see a pullback candle i trade in the other direction.
Im posting a chart to show you all the pull back candles marked with red arrows.
Yes i tend to enter before the cross because with my experience from back testing.
In fact i dont even need the TDI indicator...
great, congratulations! Hats off, as they say in France
  • #1,182
  • Dec 7, 2011 5:49am Dec 7, 2011 5:49am
Quoting onefineday
Hi X-Man,

Small ques - You shorted EU based on 1H but on my chart there are no red candles which appeared. Certainly TDI crossed the bands and this prompted you to get ready for a short but one of the main elements were still missing. Probably its a broker difference (which on 1H candle im not sure), can you pls shed some light. There was a daily pivot which would have lent out some wood to act as a stop loss, so probably that is why you took the short.

Have been following your thread silently for over some time now and have been a quiet reader...
i posted some comments on post 1169 please have a look at that.
X-man the legendary conqueror of markets
  • #1,183
  • Dec 7, 2011 5:55am Dec 7, 2011 5:55am
its consolidating now
  • #1,184
  • Dec 7, 2011 5:56am Dec 7, 2011 5:56am
Quoting Pecunia
I'm in this as well +30 right now. Pretty good for my first trade using these rules!

I've been trading the TMS succesfully on H4 and daily for the past couple of months and was looking for a H1 strategy with the same basis. Guess I found it here!

Thanks X-man for sharing. Subscribed and wil be posting my charts whenever I can.

Happy trading!

Chris

Closed this one for +26 pips. Going out for lunch now, let's see what NY brings us...
Good luck to those of you who are still in this!

@Robst3r: Leuk om een Nederlander te zien hier. Heb je nog wat pips gekregen van Sinterklaas eergisteren?
  • #1,185
  • Dec 7, 2011 5:58am Dec 7, 2011 5:58am
Quoting poacher
Hey X-MAN, How about that Euro short!! Nice pips to start off the morn! 52 pips Best to ya!!
Nice trade there poacher you beat me by 2 pips. I'll get you next time
X-man the legendary conqueror of markets
  • #1,186
  • Dec 7, 2011 6:01am Dec 7, 2011 6:01am
Quoting magou
So I bail on my euro short at BE as it was bouncing around 0-15 pips and then it breaks down 30 pips to what I wanted in the first place.

So was I too hasty in getting out (did so because it has retraced 20 pips and didn't seem to now what it wanted to do) or should I have stuck it out longer with the info I had at the time? Obviously in retrospect I should have but keen to get my logic right during the trade. Any advice appreciated.

M
Most of a candles momentum is towards the end of its life.
X-man the legendary conqueror of markets
  • #1,187
  • Dec 7, 2011 6:05am Dec 7, 2011 6:05am
Quoting Pecunia
I'm in this as well +30 right now. Pretty good for my first trade using these rules!

I've been trading the TMS succesfully on H4 and daily for the past couple of months and was looking for a H1 strategy with the same basis. Guess I found it here!

Thanks X-man for sharing. Subscribed and wil be posting my charts whenever I can.

Happy trading!

Chris
Glad to have you here.
You traded TMS method so you have a foundation on how to trade my method.
Many pips to you and all the S3 traders
X-man the legendary conqueror of markets
  • #1,188
  • Dec 7, 2011 6:06am Dec 7, 2011 6:06am
Quoting X-Man
A good idea is to start a thread if you feel confident about it and i will surely give it a read.
or you can back test it more to master it then start your thread.


this is not my strategy ! this is yours, so i thought i could make it better !
the idea was yours and just completed my dream way of trading !

seems i should not expand the rules in this thread and i am done here with your post here !

i will send personally my indic to you when it get finished !

thank you so much for the thread and sharing infos !

GOOD jub and bye
  • #1,189
  • Dec 7, 2011 6:15am Dec 7, 2011 6:15am
Quoting magou
X-Man, that pullback cancel was kinda small so what constitutes a minimum size pullback candle if there is such a thing or was it because you saw the other things in combination, TDI bouncing off the red three times etc. For eg if you look 11 and 15 bars back there two equal size pullback candles, but didn't go anywhere - would you have traded these inf they were in our trading time (Just keen to understand how you size them up)

Thanks
The reason why that pullback candle didnt work (the one thats about 11 candles back ) is because its not in the volatility session . Hence my rules for the vertical lines.
Theres no real momentum at those times.
Remember i my entire idea is to get momentum.
you can trade a pullback thats 10 to 15 pips from open to close.
This pullback was at 8 pips. the SL was really small at 20 pips which was the swing high so I had no fear in losing that 20 pips.
X-man the legendary conqueror of markets
  • #1,190
  • Dec 7, 2011 6:16am Dec 7, 2011 6:16am
Hi X-Man,

I am encountering some problems setting up your trading system. Everything works fine except for the TDI indicator, it doesnt appear. Do you know what is the problem?

Thanks in advance!
  • #1,191
  • Dec 7, 2011 6:19am Dec 7, 2011 6:19am
Quoting X-Man
The reason why that pullback candle didnt work (the one thats about 11 candles back ) is because its not in the volatility session . Hence my rules for the vertical lines.
Theres no real momentum at those times.
Remember i my entire idea is to get momentum.
you can trade a pullback thats 10 to 15 pips from open to close.
This pullback was at 8 pips. the SL was really small at 20 pips which was the swing high so I had no fear in losing that 20 pips.
Thanks - back to my backtesting!
  • #1,192
  • Dec 7, 2011 6:20am Dec 7, 2011 6:20am
Quoting SuperNoobie
So Pullback candle is similar to shooting star?

Is the one on 6th December at 20:00 also a pullback candle?

I'm doing backtesting as we speak, but I also want to know what else do I have to put extra attention on apart from the obvious.

Thanks X-Man.
look at TDI , look for pullback candles. Look at PA at after the verticals to see how it moves.
Do lots so then you will get use to it.
The more back testing you do the more clearer it would become
X-man the legendary conqueror of markets
  • #1,193
  • Dec 7, 2011 6:36am Dec 7, 2011 6:36am
sl=+33 pips
  • #1,194
  • Dec 7, 2011 6:43am Dec 7, 2011 6:43am
Got out at 40 pips. Learnt my lesson, better to get in where there is a Cross of TDI within the session.
  • #1,195
  • Edited 7:11am Dec 7, 2011 7:03am | Edited 7:11am
Just closed out EU short for 50 pips. May go a bit further but now approaching potential supply.

http://i1236.photobucket.com/albums/...shorttoday.gif

Maybe a short lining up on the H4 but needs to blow down through this lot as weekly pretty flat. Solution, take profits from H1 trade and use for stop on H4 trade if opportunity presents itself.
  • #1,196
  • Dec 7, 2011 7:34am Dec 7, 2011 7:34am
Quoting nunrgguy
Just closed out EU short for 50 pips. May go a bit further but now approaching potential supply.

http://i1236.photobucket.com/albums/...shorttoday.gif

Maybe a short lining up on the H4 but needs to blow down through this lot as weekly pretty flat. Solution, take profits from H1 trade and use for stop on H4 trade if opportunity presents itself.
Good job! Guess I could have raked in a few more pips, if I hadnīt gone out to lunch. Oh well better safe then sorry.
  • #1,197
  • Edited 8:32am Dec 7, 2011 8:19am | Edited 8:32am
woke up to find my eu and ej trades missed my tp by 2 pips and my usd chf missed by .02 then all plummeted to hit my sl. so f'ing tired of losing money
  • #1,198
  • Dec 7, 2011 8:37am Dec 7, 2011 8:37am
Quoting Fitness09
woke up to find my eu and ej trades missed my tp by 2 pips and my usd chf missed by .02 then all plummeted to hit my sl. so f'ing tired of losing money
In my opinion, it's hard to do business while you sleep. I tried this method of sleeping while trades are on and it bit me in the butt too. If you do try this methodology, you need to wake up on the hour to check progress or the lack there of.
  • #1,199
  • Dec 7, 2011 8:55am Dec 7, 2011 8:55am
there is a pullback candle! So i`m long
  • #1,200
  • Dec 7, 2011 9:06am Dec 7, 2011 9:06am
Quoting Robst3r
there is a pullback candle! So i`m long
i'm long too
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