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  • #1,701
  • Dec 10, 2011 4:52pm Dec 10, 2011 4:52pm
Quoting Tanstaafl7
Thanks for this great system. I would like you to clarify how you translate you risk percentage into lotsize.

As an example: If I wanted to risk 1% of $1,000 = $10; Would I assume a 50 pip target and set my lot size to 0.02 lots ($ 0.20 per pip) ?
Yes, that is correct, although may vary depending on which pair you are trading; however, you certainly are on the right path of learning - know your risk before entering a trade, accept the risk and take the loss if your stop is hit.

Use this before every trade, if your stop is less due to swing high or low, the position size will be larger, BUT your RISK will always remain the same - in Forex trading, that is all you can control, think about it!

http://www.earnforex.com/position-size-calculator

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It takes a lot for me to IGNORE you, but you can try.
  • #1,702
  • Dec 10, 2011 9:38pm Dec 10, 2011 9:38pm
Please expalin me the uses of Fractals.....any link where i can read about it would be fine

thankyou
  • #1,703
  • Edited Dec 11, 2011 5:26am Dec 10, 2011 10:30pm | Edited Dec 11, 2011 5:26am
Quoting sifyragnarok
Please expalin me the uses of Fractals.....any link where i can read about it would be fine

thankyou
Hi sifyrangarok
Fractals are highs and lows determined byt the preset number of bars. In this case, the common Bill Williams fractal is use. You look at the series of consecutive 5 price candles, for a fractal high, there must be 2 lower highs before the highest bar and 2 lower lows after the highest price bar.

on post #1070, emmanuel share a link where you read more about this Bill Williams Fractal.
http://forex-indicators.net/bill-williams/fractals

Fractals can be use to identify support and resistance levels across different timeframes.

I think in this S3 system, it is useful to pin-point the highs and lows, look for the APB 'pullback' bar and also point to potential reversal during the opening of the market sessions.
For trading continuation, the typical 123 break of the fractals can be use for trade entry.

regards
vt
  • #1,704
  • Dec 10, 2011 10:53pm Dec 10, 2011 10:53pm
X-Man:

Here's a question that hasn't been brought up about the two most talked about subjects on this thread: pullback bars and time. I thought we had almost exhausted them and now here I have one (a slice of humbleness please; thank-you) Here it goes: At 0600 GMT when we start watching the market, if you see a pullback bar has formed will you trade it immediately according to rules of PA? This question is meant in general as a question of timeing. I know that usually you wait an hour to take a real good look at the market and which way its going. I also assume all other factors look fine. Other traders are also welcome to chime in on their opinions as well.
"IN CASH WE TRUST"
  • #1,705
  • Dec 10, 2011 10:54pm Dec 10, 2011 10:54pm
I assume you meant to say 50 SL and not target. Take your risk and SL and you get lot size.


Quoting Tanstaafl7
Thanks for this great system. I would like you to clarify how you translate you risk percentage into lotsize.

As an example: If I wanted to risk 1% of $1,000 = $10; Would I assume a 50 pip target and set my lot size to 0.02 lots ($ 0.20 per pip) ?
  • #1,706
  • Dec 11, 2011 12:06am Dec 11, 2011 12:06am
Quoting SmokeyD
Once I had enough of the puzzle conquered...
PA, trading times, patience, discipline, the psychological, and finally learning how to replace greed with humbleness...

It was about 32 weeks, that was 8 months ago.

EDIT---See my attached spreadsheet in post 762...it's the "roadmap" I still use for every trade.

[size=3][font=Lucida Sans Unicode]"Still...
I would like to ask you, and any other traders that make serious money, how you get on with your respective brokers? I assume you only leave a "working capital" with your broker rather than the whole lot. Does your broker make it difficult to access your money when we are talking such large sums? I need to find this out as I intend to be in your position sooner rather than later.
All you touch and all you see, is all your life will ever be.
  • #1,707
  • Dec 11, 2011 12:36am Dec 11, 2011 12:36am
Quoting LazyLobster
X-Man:

Here's a question that hasn't been brought up about the two most talked about subjects on this thread: pullback bars and time. I thought we had almost exhausted them and now here I have one (a slice of humbleness please; thank-you) Here it goes: At 0600 GMT when we start watching the market, if you see a pullback bar has formed will you trade it immediately according to rules of PA? This question is meant in general as a question of timeing. I know that usually you wait an hour to take a real good look at the market and which way its going....
Personally yes i would trade it. I'm not the kind of trader that sits on the sidelines to see where the market will go or how the market will go.
If i see a signal i will jump in and trade it.
If i just watch the market then see it goes in my direction then all i end up with is saying if only i entered i wouldve made so many pips etc etc.
So i just enter and if it goes in my way ill be a happy trader , if it dont then ill just try again next time. I never ever let a losing trade get to me.
X-man the legendary conqueror of markets
  • #1,708
  • Dec 11, 2011 12:41am Dec 11, 2011 12:41am
Quoting sifyragnarok
Please expalin me the uses of Fractals.....any link where i can read about it would be fine

thankyou
People use fractals for the fractal break. I dont think you will need that knowledge if you trading my system.
All i use it for is to see highs and lows. To see the waves better.
In the london session and the first hours of NY session, during that period this is where the high and the low of the day are formed. This happens most of the time
X-man the legendary conqueror of markets
  • #1,709
  • Dec 11, 2011 2:14am Dec 11, 2011 2:14am
Quoting X-Man
People use fractals for the fractal break. I dont think you will need that knowledge if you trading my system.
All i use it for is to see highs and lows. To see the waves better.
In the london session and the first hours of NY session, during that period this is where the high and the low of the day are formed. This happens most of the time
Just wanted to mention a thanks for all your hard work. I haven't really put enough time into trading over the last few weeks because of other commitments but have been keeping an eye on this thread. Keep up the good work!

Rexz
  • #1,710
  • Dec 11, 2011 6:34am Dec 11, 2011 6:34am
Quoting zpiders
For anyone who wants to practice this or any other system, I would recommend you setup and use this trading simulator. It's a much better way to learn than just back testing!

http://www.forexfactory.com/showthread.php?t=70742
If you're using the TDI as per big E in TMS at the open of the bar then this particular sim AFAIK won't be of use as you can only view one TF at a time and see the state at close of bar. You need to be able to see the TDi on the next bar at open, say 1 minute or 5 minutes in as the TDi updates on the open of the next bar.
  • #1,711
  • Dec 11, 2011 8:01am Dec 11, 2011 8:01am
Quoting LazyLobster
Yoshi:

Hmm. Where to start. Well, backtesting is understanding the rules of the trade methodology and looking left on your chart and applying them to history so that you can get a feel for the rules and get some good practice in. The idea is that you start from the beginning of your history and advance your mt4 platform one bar at a time and apply the rules at the right time by putting lines where your stop loss and take profit and entry would be. Playtesting.
As for the Synergy bars and pullback candles, they are usually referred to as pinbars....
Hi x-man,Lazy,Magou and every body

1. Backtest you mean is the same way to test some "ROBOT strategy"
if i understand you
2. Pullback like Pinbars . I saw that but i was very confuse because i'm using the classic pullback (see attachement)
Breakout - return and continuation = Pullback
3. AT the E.A.S.Y method i see that :
- Positive bar with long upper = " strong buy"
- negative bar with long upper = " strong sell"
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  • #1,712
  • Dec 11, 2011 11:08am Dec 11, 2011 11:08am
Hi all,

Can eurcad and and audusd be a swing h4 trades? both had bounce in EMA60 and tdi has corssed... maybe a little late for entry but...
What yo think?
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  • #1,713
  • Dec 11, 2011 11:12am Dec 11, 2011 11:12am
Quoting torbarxa
Hi all,

Can eurcad and and audusd be a swing h4 trades? both had bounce in EMA60 and tdi has corssed... maybe a little late for entry but...
What yo think?
Yeah those look like nice setups and alil late on entry.
The PA is bouncing of the 60EMA and the Green TDI line brke the blue bands.
X-man the legendary conqueror of markets
  • #1,714
  • Dec 11, 2011 11:28am Dec 11, 2011 11:28am
Quoting X-Man
Yeah those look like nice setups and alil late on entry.
The PA is bouncing of the 60EMA and the Green TDI line brke the blue bands.



Thanks, I'll will trade it in demo... let's see wat happends
  • #1,715
  • Dec 11, 2011 11:36am Dec 11, 2011 11:36am
Hello guys
We come to the end of the weekend.
I'm all pumped up to get trading again tomorrow morning.
Hope you guys did the homework i gave the noobs.

Anyone did any fun stuff during the weekend?

I wish everyone a pipful week ahead
X-man the legendary conqueror of markets
  • #1,716
  • Dec 11, 2011 4:57pm Dec 11, 2011 4:57pm
Hi, is this one a good swing trade?

(USD/CHF)

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  • #1,717
  • Dec 11, 2011 6:30pm Dec 11, 2011 6:30pm
So I picked a random day when the EU had a strong downward move in the rectangle. Not because the EU had a huge move, but how To determine when to get in or what would you look at x-man? A break of consolidation? The TDI as we can see is in a craptastic behavior? There must be something else that PA tells us. Perhaps the tops?

Your insights would be greatly appreciated? Sometimes price behaves like this for two or three days moving straight in one direction and I have a hard time figuring out what to look at since TDI seems worthless at this point (for me now it is helpful as a final confirmation)
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  • #1,718
  • Edited 6:51pm Dec 11, 2011 6:40pm | Edited 6:51pm
H. Mary: from your chart looking like there obviously is a downtrend established as we see PA safely underneath the MA, I would wait for the blue retraction candles that step on the MA and trade the resumption of the original downtrend, as in sell the tops.
What I do when the TDI is all atwist is mimic it by using a CCI 6 with a zero line the cross of which is like a TDI cross.
  • #1,719
  • Dec 11, 2011 8:34pm Dec 11, 2011 8:34pm
Quoting geosanuy
H. Mary: from your chart looking like there obviously is a downtrend established as we see PA safely underneath the MA, I would wait for the blue retraction candles that step on the MA and trade the resumption of the original downtrend, as in sell the tops.
What I do when the TDI is all atwist is mimic it by using a CCI 6 with a zero line the cross of which is like a TDI cross.

IF You look at the dotted green line which is 12am EST (midnight) There was no down trend established at all. PA was looking exactly the same as it was the previous day. So There has to be something to to give me a clue that I should go short not long with the blue pin bar.
  • #1,720
  • Dec 11, 2011 9:07pm Dec 11, 2011 9:07pm
Quoting hale-mary
IF You look at the dotted green line which is 12am EST (midnight) There was no down trend established at all. PA was looking exactly the same as it was the previous day. So There has to be something to to give me a clue that I should go short not long with the blue pin bar.
This is at its most successful, a trend following system I can't imagine why you were expecting clear signals at 00:00 EST; as you can see a couple of hours later price starts to reveal itself.
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