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  • #1,401
  • Dec 8, 2011 8:21am Dec 8, 2011 8:21am
got my 50 pips..it can go down further but I dont care...plus this is where my jitters kick in.

such a huge candle
  • #1,402
  • Dec 8, 2011 8:21am Dec 8, 2011 8:21am
Moved sl to 1.3350 and letting it ride. One of quickest 500 bucks ever, I love it!
If it hits 1.3250 drinks are on me
  • #1,403
  • Edited 8:34am Dec 8, 2011 8:22am | Edited 8:34am
Quoting Robst3r

I`m glad i sold @ 1.3410 cause of the pullback candle like x-man says, thats what this topic is about! TDI & PA

Please share your chart with us on the above trade. You sound like you have it figured out. Click on your account history and drag the trades on to the chart. This will show us all the exact points you entered and closed your trades. This would be a great help to us all.
  • #1,404
  • Dec 8, 2011 8:31am Dec 8, 2011 8:31am
Quoting trzcinek
Hey Guys and thanks for a fantastic thread Xman ! These good news from US (Unemployment Claims) should eventually wake up the market ... I shorted EUR on the huge pullback candle off the 60 EMA and TDI cross on 4H, after the news ... target is the bottom of the daily channel at 1.3250 ! Let's wait and see !
Yes, i saw the pullback candle. Hats up for your courage to take short. I'm missing it. Hahaha
  • #1,405
  • Dec 8, 2011 8:32am Dec 8, 2011 8:32am
Traded the pullback following news....just closed for 80 pips.
  • #1,406
  • Dec 8, 2011 8:35am Dec 8, 2011 8:35am
Locked in my profits as momentum seems to have stalled on 15m. Good luck to those who are still in.

40 pips in the bag and done for today, sorry no drinks!
  • #1,407
  • Dec 8, 2011 8:41am Dec 8, 2011 8:41am
Quoting Phx62
Traded the pullback following news....just closed for 80 pips.
Based off of the 15 min. chart?
  • #1,408
  • Dec 8, 2011 8:43am Dec 8, 2011 8:43am
Phx62,

First of all thanks a lot for your great contribution to this thread. Fantastic posts. Would you please explain in some more detail your TP strategy. Thanks in advance !

Trzcinek

Quoting Phx62
Traded the pullback following news....just closed for 80 pips.
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #1,409
  • Dec 8, 2011 9:06am Dec 8, 2011 9:06am
Quoting Phx62
Traded the pullback following news....just closed for 80 pips.
congratulation to you! Very nice pips
  • #1,410
  • Dec 8, 2011 9:12am Dec 8, 2011 9:12am
Said I was done for today, but I couldn't help myself while I was flicking through my H4 charts. Shorted the AUDJPY 15 minutes ago. Bounce of the daily channel.

Up 25 pips allready. Hope it breaks the 79.00
Attached Image (click to enlarge)
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  • #1,411
  • Dec 8, 2011 9:13am Dec 8, 2011 9:13am
In a nice short on GJ atm on H4, trying to get a screenshot of the live trade from OAndA platform but no idea how to do it. Up about +36 atm
  • #1,412
  • Dec 8, 2011 9:37am Dec 8, 2011 9:37am
I saw this trade too. It bounced off H4 channel. But this trade is against D1 channel. What do you think, guys? Would this be a good entry?
Attached Image (click to enlarge)
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Made in Ukraine
  • #1,413
  • Dec 8, 2011 10:07am Dec 8, 2011 10:07am
Quoting Badass_UA
I saw this trade too. It bounced off H4 channel. But this trade is against D1 channel. What do you think, guys? Would this be a good entry?
what channel indicator you are using??

or how toput two channel in 1 graph??

Thanks
  • #1,414
  • Dec 8, 2011 10:08am Dec 8, 2011 10:08am
Hey guys
Today i took 3 trades 1 during the london session on E/U which was a pullback candle and then during the NY session i went short on the other pullback session which was on E/U and G/U

Total pips for today : (25 + 70 + 70) = 165 pips
I rode only 1 candle of G/U and closed it then i monitored E/U and closed it for 70 pips.
When i see huge pull back wicks i do not set TP as there will be alot of pips involved.
entered on the close of the pullback candles

So now puts your hands up in the air if you believe in the S3 method. Im reaping the rewards from all that back testing.
Those long hours are paying off guys and let me tell you something that its worth it.
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X-man the legendary conqueror of markets
  • #1,415
  • Dec 8, 2011 10:16am Dec 8, 2011 10:16am
Quoting hale-mary
When you get a chance X-man...could you explain how you use fibs in your trading style. I could never use them the correct way...to generate pips of course...lol. I have been ignoring them but perhaps they may help. (I only used fibs to help spot consolidation and that is it. Hence, why i never draw them on my chart)

much appreciated
The only time i use fibb is when i see i nice high and low from the day then i use the fibb to watch PA bounce and break through these levels.
You can learn how to draw these fibbs and learn more on babypips.com, there you will get a more detailed explanation.
PA usually go up to the 50% or 61.8% level when they retracing on the 1H chart and then when they cannot break these levels they will most probably go back to the 0% level.
Nice to use the fibb level as TP when PA retraces
X-man the legendary conqueror of markets
  • #1,416
  • Dec 8, 2011 10:16am Dec 8, 2011 10:16am
Quoting ZieG
what channel indicator you are using??

or how toput two channel in 1 graph??

Thanks
Sonic SHI Channel MTF - you can set any TF
SHI_Channnel_true - current TF
Made in Ukraine
  • #1,417
  • Dec 8, 2011 10:18am Dec 8, 2011 10:18am
Quoting davlo
Xman, when you first place your fib line could you tell me where your starting point is when you first lay the fib on the chart, i saw you stretched it the most recent low point where it sits at 0%, thanks im trying to lay my fib lines like yours
You just draw them from the high swing to the low swing when PA went down and the other way when PA goes up
X-man the legendary conqueror of markets
  • #1,418
  • Dec 8, 2011 10:18am Dec 8, 2011 10:18am
Quoting ZieG
what channel indicator you are using??

or how toput two channel in 1 graph??

Thanks
I have the Sonic SHI Channel indicator set to Daily and the SHI channel true Tro modified on the one chart
  • #1,419
  • Dec 8, 2011 10:22am Dec 8, 2011 10:22am
Quoting Robst3r
Those pullback bars work like a charm X-man!
Yesterday i got 130 pips cause of pullback bars and today i scored 100 @ the time of writing, i am still in my short!
Also got that nice long from 1.3407 till 1.3455

Ty X-man

Edit i got 140 pips now took profit @ 1.3335
Congrats buddy i also waited for those pullback candles and scored big time today. Its magical.
X-man the legendary conqueror of markets
  • #1,420
  • Dec 8, 2011 10:27am Dec 8, 2011 10:27am
Quoting Pecunia
Moved sl to 1.3350 and letting it ride. One of quickest 500 bucks ever, I love it!
If it hits 1.3250 drinks are on me
Drinks on the house for all the S3 traders
X-man the legendary conqueror of markets
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