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  • #1,221
  • Dec 7, 2011 11:28am Dec 7, 2011 11:28am
Quoting SuperNoobie
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 -...
Hi,

Mayb i din make it clear. I mean i make a buy trade at the blue synergy bar and green line was cross red line to from down to up.

And, i just wondering whether Phx62 go for it or not. If not, wan to know why.

TQ
Today's You was Your previously Thought.
  • #1,222
  • Dec 7, 2011 11:33am Dec 7, 2011 11:33am
Quoting Gwsands
X-Man gave his views on this setup in post 930 - he waits until the candle after the first vertical line
hi,

o ya ....

anyways thans for ur info.
Today's You was Your previously Thought.
  • #1,223
  • Dec 7, 2011 11:43am Dec 7, 2011 11:43am
Quoting justinforex
hi,

o ya ....

anyways thans for ur info.
Was gonna say this. But this is for X-man. Have no idea if Phx62 has another reason / theory in mind.
  • #1,224
  • Dec 7, 2011 11:47am Dec 7, 2011 11:47am
Today trades. Jus my personal view.

TQ

Attached Image (click to enlarge)
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Today's You was Your previously Thought.
  • #1,225
  • Dec 7, 2011 11:51am Dec 7, 2011 11:51am
Quoting geosanuy
let me try again, bad upload, don't have pdf editor.
Here's a pdf version.
Attached File(s)
File Type: pdf The 4H swing trade method.pdf   234 KB | 1,773 downloads
  • #1,226
  • Dec 7, 2011 11:53am Dec 7, 2011 11:53am
X-man i got 130 pips on h1 eu!

can i kiss you? lol
  • #1,227
  • Dec 7, 2011 12:17pm Dec 7, 2011 12:17pm
X-Man & others,
I took the same two trades on EU today that you did.....exited for +60 pips following a pullback on the first one. I entered that trade like you did, after the pullback candle, but I waited for the next candle to retrace and when it pulled down again, I entered. On the second trade, it just hit my 40 pip TP and doesn't look like it is done yet, but I am.....another good day!!!
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  • #1,228
  • Dec 7, 2011 12:18pm Dec 7, 2011 12:18pm
Quoting justinforex
Today trades. Jus my personal view.

TQ

Attachment
Was looking at ur time and kinda got mixed up..
Anw, I skipped the 1st mistake, going at 6. So I long in the 7:00 bar. It was a pull-back candle. Closed my position straight away and switched to short. + X-man announced he short that position too.. So convinced.
  • #1,229
  • Dec 7, 2011 12:27pm Dec 7, 2011 12:27pm
who's ready to short the EU H1? It's at the 32% fib
  • #1,230
  • Dec 7, 2011 12:28pm Dec 7, 2011 12:28pm
Quoting Phx62
X-Man & others,
I took the same two trades on EU today that you did.....exited for +60 pips following a pullback on the first one. I entered that trade like you did, after the pullback candle, but I waited for the next candle to retrace and when it pulled down again, I entered. On the second trade, it just hit my 40 pip TP and doesn't look like it is done yet, but I am.....another good day!!!
Phx62,

What made you decide not to enter on the bounce of EU to go long prior to your entry. Was there something you observed with the candles? I am just trying to get a feel of what is going on.
  • #1,231
  • Dec 7, 2011 12:32pm Dec 7, 2011 12:32pm
X-Man: Just starting to read through todays thread and kinda realized something about your trading technique That I have been following accidentally. You are following the price action above the indicators. More to the point you give more weight to the APB than to the indicators. I think many folks are concentrating on the TDI to the distraction of the price action: no deal on TDI = no deal at all. I realized it because in most posts you don't mention the TDI, you mention APB. I haven't been looking at the TDI and have been doing my best to concentrate on price action. I used to ignore price action...I knew all about it, but paid it little attention. You see an indicator is kind of cut and dry in its interpretation (usually) But price action seems much looser in interpretation. Hence I used to hide in my indicators. Since the start of this thread I have been immersed entirely into the price action of the APB especially with the one hour method. APB is really easy to read even without the knowledge of where the opening and closing price is. I look at them sometimes, but really APB will tell the story. Kind of a new renaissance on my trading journey. Like I said though, regular candlestick price action is rather willie nillie in my book, but the APB price action seems spot on... Smokey? Erebus? Other experienced traders: your thoughts on this?
"IN CASH WE TRUST"
  • #1,232
  • Dec 7, 2011 12:42pm Dec 7, 2011 12:42pm
Quoting LazyLobster
X-Man: Just starting to read through todays thread and kinda realized something about your trading technique That I have been following accidentally. You are following the price action above the indicators. More to the point you give more weight to the APB than to the indicators. I think many folks are concentrating on the TDI to the distraction of the price action: no deal on TDI = no deal at all. I realized it because in most posts you don't mention the TDI, you mention APB. I haven't been looking at the TDI and have been doing my best to concentrate...
Very well said. I think this is the major problem with any system posted in here. Somehow people tend to concentrate way too much on indicators, rather than price action. However, like it or not price action is the key factor in any system. Indicators are just to help you out to identify better the price action, not vise versa. Very soon you will realize that TDI is not needed once you understand what APB is doing. Indicators are just mathematical interpretation of price action.
"All good things come to those who wait..."
  • #1,233
  • Dec 7, 2011 1:03pm Dec 7, 2011 1:03pm
Quoting LazyLobster
X-Man: Just starting to read through todays thread and kinda realized something about your trading technique That I have been following accidentally. You are following the price action above the indicators. More to the point you give more weight to the APB than to the indicators. I think many folks are concentrating on the TDI to the distraction of the price action: no deal on TDI = no deal at all. I realized it because in most posts you don't mention the TDI, you mention APB. I haven't been looking at the TDI and have been doing my best to concentrate...
Exactly, momentum rules the roost, TDI is just confirmation, not pure reason to enter
  • #1,234
  • Dec 7, 2011 1:05pm Dec 7, 2011 1:05pm
Quoting hale-mary
Phx62,

What made you decide not to enter on the bounce of EU to go long prior to your entry. Was there something you observed with the candles? I am just trying to get a feel of what is going on.
HM
I only trade the Frankfurt/London session and sometimes the late NY session after London closes. If you are refering to the TDI bounce 3 candles prior to my short entry, I was not at the computer yet. There is not enough volume to get many pips from the Asian session. The earliest I start monitoring is just before the Frankfurt open (small green box on my chart) and sometimes I don't get there until the London Open. Hope this helps.
  • #1,235
  • Dec 7, 2011 2:01pm Dec 7, 2011 2:01pm
Quoting Phx62
HM
I only trade the Frankfurt/London session and sometimes the late NY session after London closes. If you are refering to the TDI bounce 3 candles prior to my short entry, I was not at the computer yet. There is not enough volume to get many pips from the Asian session. The earliest I start monitoring is just before the Frankfurt open (small green box on my chart) and sometimes I don't get there until the London Open. Hope this helps.
Definately,yes. I need to be at my computer at a later time.
  • #1,236
  • Dec 7, 2011 2:23pm Dec 7, 2011 2:23pm
Hi X-Man...

Been going through your thread...finding it very impressive...I will follow your technique.
  • #1,237
  • Dec 7, 2011 3:29pm Dec 7, 2011 3:29pm
Quoting onefineday
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.

I am just wondering with so many pivot lines and moving averages what else will be left to see on a chart. Nonetheless, it is guaranteed that price will stall on any of these pivot lines and colorful moving averages.

I believe TL and S&R are more than enough to see where price may stall.

Just my opinion.
Forex is boring but profitable with patience and discipline
  • #1,238
  • Dec 7, 2011 3:33pm Dec 7, 2011 3:33pm
Quoting onefineday

While entering a trade make sure it is as close as possible to an area of support or resistance.

OFD
Well said OFD.

If a trader learn how to identify these S&R levels most of the failed trades can be avoided.
Forex is boring but profitable with patience and discipline
  • #1,239
  • Dec 7, 2011 4:10pm Dec 7, 2011 4:10pm
Todays 2 EURUSD 1hr trades (large red arrows) both off of S & R zones, the sell trade off a clearly defined S & R line and the buy trade off the Support level defined by the 4HR SHI channel (for those that have them on their charts).

The S & R gives huge weight to the signals and will add confidence in your decision making if you can identify these areas.


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  • #1,240
  • Dec 7, 2011 6:07pm Dec 7, 2011 6:07pm
Went long on cable hopefully this pair is going north!
let's skype: @elchinoazul
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