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  • #1,641
  • Dec 9, 2011 9:06am Dec 9, 2011 9:06am
Quoting wrenski
I caught the pullback candle on the m15 and I am up 36 now.
I am not that lucky, I entered late now at 1.33719 and the candle is Blue.It is now 1.33821
arasheed
  • #1,642
  • Dec 9, 2011 9:07am Dec 9, 2011 9:07am
Quoting wrenski
I caught the pullback candle on the m15 and I am up 36 now.
great M15 entry
  • #1,643
  • Dec 9, 2011 9:08am Dec 9, 2011 9:08am
buy eurusd h1 @ 1.33698
  • #1,644
  • Dec 9, 2011 9:12am Dec 9, 2011 9:12am
Anyone went short on EURUSD at Newyork open?
I did and I got -40 pips lucky I went long at london open earlier and I made a lot of pips to cover this loss.
let's skype: @elchinoazul
  • #1,645
  • Dec 9, 2011 9:20am Dec 9, 2011 9:20am
Congrats X-Man on the 100th page! In fact, it has reached 110th page as I speak. Thank you for the kind patience and you have been a great mentor to all of us! Thus, you have gained all our respects and that's how this thread has been growing to become a Number One Thread in FF! I would like to thank all the kind members in this thread for helping those newcomers in learning this S3 method. Let's keep up the good work and green pips to everyone! Let's not also forget about the "homework" and keep practicing! I'm sure everyone will become successful like X-Man soon!
  • #1,646
  • Dec 9, 2011 9:25am Dec 9, 2011 9:25am
Quoting Forexsaurus
Went short on the second candle of the NY opening as it looked like a perfect setup, but it ended up pulling back hard. Was there any way way to detect that? Seemed like an ideal entry to me.

Yes it happened to me too
I saw a perfect setup even I saw PA closing above my 5 SMMA band (Pretty great setup for me) I've notice after losing 30 pips that my mistake was to enter before TDI crossed I also believe that was "bad luck", after all there's no perfect system we should loss sometimes less than we win of course.



regards
let's skype: @elchinoazul
  • #1,647
  • Dec 9, 2011 9:27am Dec 9, 2011 9:27am
You can find your saved templates here:

users_your_name_AppDataLocalVirtualStore_your_metatrader_


(view hidden files)

play around there.. you will find it.
'To get something you never had, you have to do something you never did.'
  • #1,648
  • Dec 9, 2011 9:27am Dec 9, 2011 9:27am
Don`t forget that X-man is just a trader for ONLY 6 months and he is helping people to make green pips who are traders for many years.

I`m telling people on my dutch forexforum to come here, because this is a great thread and i always want to help other people, just like X-man! (hope you don`t mind)

Together we can concure the forexmarket

It`s nice to see that everybody shows there trading session about this system over here! Everybody is helping eachother!

Have nice weekend to all of you!
Cheers
  • #1,649
  • Dec 9, 2011 9:49am Dec 9, 2011 9:49am
EU H1 London session
Some very nice PA during London. Two trades...first one....entered after London Open candle moved past the high of the previous candle, with a TDI cross and change of color....went straight up to the 100 TP......original TP was 40 but I moved it to 100 and moved to BE at about 32 pips in.......second trade...entered as the candle changed to red following a pullback of the two previous candles.......a very good day and a very good week after thinking PA would slow down for the rest of the month.
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  • #1,650
  • Dec 9, 2011 10:01am Dec 9, 2011 10:01am
Quoting Phx62
EU H1 London session
Some very nice PA during London. Two trades...first one....entered after London Open candle moved past the high of the previous candle, with a TDI cross and change of color....went straight up to the 100 TP......original TP was 40 but I moved it to 100 and moved to BE at about 32 pips in.......second trade...entered as the candle changed to red following a pullback of the two previous candles.......a very good day and a very good week after thinking PA would slow down for the rest of the month.
i'm curious, did you enter just when the cross was taking place? you didn't wait till the cross actually happened?

thanks

regards.
let's skype: @elchinoazul
  • #1,651
  • Dec 9, 2011 10:04am Dec 9, 2011 10:04am
Phx62

On some of your charts two broken lines are shown for yesterdays high/low.
Do you put them on manually or is it a indicator that does it?
  • #1,652
  • Dec 9, 2011 10:23am Dec 9, 2011 10:23am
Entered long E/U on the London session at 1.3341. A bit late but still felt confident in the pa and tdi. Took profit at 1.3370 for + 29 pips. Would have been more but unfortunately had to be away from the puter and did not yet feel confident enough in the way pa was acting. Still learning lots and this is a great place and strat to do it. I will be spending the weekend as X-Man has ordered us noobies to do....backtesting!.
To those like eco that may want to add negativity to this thread all i can say is...many of us are experiencing very positive results and have alot of gratitude to X-Man for what he has been kind enough to share with us. If that causes you some unhappiness please go somewhere else. The rest of us will continue top do our best to fill spoons, buckets, wheel burrows, or truck loads of pips, what ever we can manage to take out of the markets. Cheers!
  • #1,653
  • Dec 9, 2011 10:23am Dec 9, 2011 10:23am
Phx62 - Your timing is great, holding for max gain. One of my flaws is getting out too soon. Could you please explain a little how you manage your trades to squeeze the pips available? Would be much appreciated. Thanks
  • #1,654
  • Dec 9, 2011 10:59am Dec 9, 2011 10:59am
Now that most of us are shutting down trading for the week I have a question of sorts for us to discuss over the weekend.

We are all concerned with money management (or should be )
Typically we decide to risk X% on a trade...let's say .5%
So we enter a trade on the E/U. Now as we develop our skills with Xman's 1hr method we try and expand to other pairs.

G/U is the next one mentioned. My question is this...
Since G/U so closely mirrors E/U, are we really diversifying by trading another .5% on G/U. Wouldn't we in essence just be doubling up our E/U trade, while having the down side of monitoring two charts.

Might we be better off to concentrate on a non-correlated pair for our second, third, etc. pairs.

Am anxious to hear you trader's thoughts (especially Xman's...hope you're out there this weekend) and insights into this.

Thanks,
  • #1,655
  • Dec 9, 2011 11:08am Dec 9, 2011 11:08am
GU is a beast on its own and has its own behavior. Just cause EU goes up does not mean the GU will.

Just look at dec. 7th for example. There are many more but that is an obvious one.
  • #1,656
  • Dec 9, 2011 11:16am Dec 9, 2011 11:16am
Quoting spyderman
Now that most of us are shutting down trading for the week I have a question of sorts for us to discuss over the weekend.

We are all concerned with money management (or should be )
Typically we decide to risk X% on a trade...let's say .5%
So we enter a trade on the E/U. Now as we develop our skills with Xman's 1hr method we try and expand to other pairs.

G/U is the next one mentioned. My question is this...
Since G/U so closely mirrors E/U, are we really diversifying by trading another .5% on G/U. Wouldn't we in essence just be doubling...
You raise a good point Spyderman, have been thinking the same thing. We talking correlation and stuff I've read before suggests if you going to be trading correlated pairs you should reduce your risk across the pairs. In other words don't trade both pairs with full risk as you are in effect exposing yourself to double the risk, but split your normal risk across the pairs.

The good thing here is that this strategy seems to have a high win ratio so perhaps less to worry about but something to take account of for sure. I did notice Big E also likes trading these and the aussie together.

Currensys guys do a correlation table here http://www.currensys.com/correlation.php where you can see what is correlated and what isn't. According to this table, on the 1 hour and Daily, GBP and EUR are heavily correlated with each other but not so much with AUS but on the 4Hour not so. Don't know how they calculate that and why on 2Tfs they are and on one they not, but there you go.
  • #1,657
  • Dec 9, 2011 11:17am Dec 9, 2011 11:17am
Quoting spyderman
Now that most of us are shutting down trading for the week I have a question of sorts for us to discuss over the weekend.

We are all concerned with money management (or should be )
Typically we decide to risk X% on a trade...let's say .5%
So we enter a trade on the E/U. Now as we develop our skills with Xman's 1hr method we try and expand to other pairs.

G/U is the next one mentioned. My question is this...
Since G/U so closely mirrors E/U, are we really diversifying by trading another .5% on G/U. Wouldn't we in essence just be doubling up...
Hello Spyderman, i will try to answer this the best i can until more experienced traders or perhaps X-Man himself can answer. If you are interested in trading 2 pairs such as G/U and E/U and want to risk for example 1% of your account then you would enter a position of .5% per cross. Totally depends on your risk tolerance and your own MM program you are ahereing to. Personally i would concentrate on one pair until you know its charastics 100% and how it behaves in certain market conditions before moving onto another cross. Just my humble opinion, best of luck bro! Many pips ahead!
  • #1,658
  • Dec 9, 2011 11:20am Dec 9, 2011 11:20am
Quoting hale-mary
GU is a beast on its own and has its own behavior. Just cause EU goes up does not mean the GU will.

Just look at dec. 7th for example. There are many more but that is an obvious one.
Yeah I see what you're saying about the 7th, however more times than not they almost mirror. Even on the 7th the London open gave a TDI and PA down then a TDI and PA up on the New York. Same with G/U although not as strong.

G/U - E/U show an 85 correlation factor which is pretty high.
  • #1,659
  • Dec 9, 2011 11:22am Dec 9, 2011 11:22am
Quoting Brifx
Hello Spyderman, i will try to answer this the best i can until more experienced traders or perhaps X-Man himself can answer. If you are interested in trading 2 pairs such as G/U and E/U and want to risk for example 1% of your account then you would enter a position of .5% per cross. Totally depends on your risk tolerance and your own MM program you are ahereing to. Personally i would concentrate on one pair until you know its charastics 100% and how it behaves in certain market conditions before moving onto another cross. Just my humble opinion,...
Yeah I can see the wisdom in that, take 1/2 the risk across twice the number of correlated pairs. Plus you get the benefit of some diversity if the Queen gets sick...
  • #1,660
  • Dec 9, 2011 11:49am Dec 9, 2011 11:49am
Quoting spyderman
Yeah I can see the wisdom in that, take 1/2 the risk across twice the number of correlated pairs. Plus you get the benefit of some diversity if the Queen gets sick...
Is just my idea or GBPUSD follows EURUSD? today I was watching these two pairs and I noticed that GU was following EU behavior, maybe we can take profits out of this behavior
let's skype: @elchinoazul
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