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  • #1,721
  • Dec 11, 2011 10:31pm Dec 11, 2011 10:31pm
Dear everybody,
when i see the H1 chart.
How to define the R/S line and which lines (H1,H4,Dailly,Week line or Pivot) are useful in the Chart?
Thx.
Chixie
  • #1,722
  • Dec 11, 2011 11:30pm Dec 11, 2011 11:30pm
Quoting hale-mary
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...
I attached a chart showing trading opportunities marked with arrows.
In this place you will occur losses that you have to accept.
No trading system will give you 100% wins.
If you are quick enough and have a lot of experience through back testing then you would cut your bad trades in time to give to minimum losses.
Notice my 2 vertical lines, i dont trade the entire NY session and wont trade the asian session.

Another is that you could just stay out of the market if you dont find the signals you waiting for.
Sometimes during somedays not trading will be better than trading.
Attached Image (click to enlarge)
Click to Enlarge Name: sept.jpg Size: 115 KB
X-man the legendary conqueror of markets
  • #1,723
  • Dec 11, 2011 11:31pm Dec 11, 2011 11:31pm
Quoting hale-mary
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...
If I may offer an opinion...

There are many days like the one you selected..
May I suggest you do a 90 Day back test and document the relationship between the RSI Price Line and the Market Base Line...
Enter Signature
  • #1,724
  • Dec 11, 2011 11:43pm Dec 11, 2011 11:43pm
Quoting nunrgguy
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.
Try it - you do actually see tdi at the open of each. With this one actually you see the full run of each candle, I.e. the open, mid, end ... It basically is just like watching the markets but on fast forward, so you can even see the pullback candles forming.

The catch is, it takes a long time to run through each day, especially when you're only interested in 4 - 5 hours of each day.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #1,725
  • Dec 11, 2011 11:44pm Dec 11, 2011 11:44pm
Hi S3 traders,
Today I am looking at GBPUSD for setup, to buy when H1 setup in the region 1.5590~1.55610. Target about 110pips depends on market liquidity and volalitily during the European and US sessions.
The potential show-stopper is both the daily and weekly pivots @1.5660, which can cause problems for buyers to jump in. Let's see strong buyers will be today to break above these levels.
Good trading everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDm_H1_S3 strategy 12 Dec 2011.gif Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,726
  • Dec 11, 2011 11:55pm Dec 11, 2011 11:55pm
Quoting yosih36
[color=#0000ff]
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"
I think the difference, based on the E.A.S.Y. Slide you posted the other day, is that they occurred at the start of a trend - I.e trend had just changed to that direction, candles were in same direction as new trend ... Vs we're looking for pullback bars when a trend is likely to be over, and vice versa, where it's been a bull run but the bears are starting to win - I.e. trend ending, direction changing.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #1,727
  • Dec 12, 2011 12:00am Dec 12, 2011 12:00am
Quoting hale-mary
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...

Hi hm,
This is what I usually do when trading intraday:
1. I look at a higher TF like H4 and also D1 to see what the 'trend' is and I form my bias using this hgher TF.
2. I look for my intraday trade setups on H1 TF.
3. I time my trade entries using a lower TF M15. Use fractal on my charts to see the HH, HL and LH, LL. In this S3 method the use of EMA4(+2) is quite useful to see the price action for entry.
4. when I do a trade against the higher TF 'trend', this is where I very careful with entry and exits. I get my entry and protect early, usually moving my trade to BE when floating profit is +0.5R. I also expect smaller target knowing when the day trading range is. I use ATR(100) on D1 TF to see what the average day range is and set my targets.
5. Getting into a running trend (like this one you referred to is 29-30Sep) is tricky when there are little retracements. It is like trying to catch a falling knife and one without proper skills will cut easily. Hint: Catch if from above!
Once you see the runaway trend, you can switch to M15 ( or even M5) to see where the fractals are. Use the typical 123 fractal patterns, and place your entry on the break. When you miss one, wait and catch the next one.
You need to know where the potential target can be. In this example 30 Sep, there was also a H4 swing setup then.

Regards,
ET
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,728
  • Dec 12, 2011 12:48am Dec 12, 2011 12:48am
Quoting X-Man
[color=Blue][size=3]I attached a chart showing trading opportunities marked with arrows.
In this place you will occur losses that you have to accept.
No trading system will give you 100% wins.
If you are quick enough and have a lot of experience through back testing then you would cut your bad trades in time to give to minimum losses.
Notice my 2 vertical lines, i dont trade the entire NY session and wont trade the asian session.

Another is that you could just stay out of the market if you dont find the signals you waiting for.
Sometimes during...
I am not looking for 100 percent victory. The fact that you showed entries helped me understand what to look for. Thanks!!!
  • #1,729
  • Edited 1:02am Dec 12, 2011 12:49am | Edited 1:02am
Quoting geosanuy
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.
Dont think you understood my question. Its okay. Xman answered it.
  • #1,730
  • Dec 12, 2011 1:16am Dec 12, 2011 1:16am
eurusd h1 is ready for sell at begining of london market. it is ok?
  • #1,731
  • Dec 12, 2011 1:21am Dec 12, 2011 1:21am
Quoting amiralifx
eurusd h1 is ready for sell at begining of london market. it is ok?
provided it closes below 1.3320.
  • #1,732
  • Dec 12, 2011 1:22am Dec 12, 2011 1:22am
Quoting amiralifx
eurusd h1 is ready for sell at begining of london market. it is ok?
Looks like we are going short but..
London hasn't opened yet actually. It will open in 40 minutes.
Also I am seeing pullback already so I think I will wait until this candle closes before I enter.
I may be wrong and missing good pips...
  • #1,733
  • Dec 12, 2011 1:31am Dec 12, 2011 1:31am
i think we must wait for price action to break this 4h channel or rebounce....
what u guys think about it ?? its 30 pips away
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  • #1,734
  • Dec 12, 2011 1:34am Dec 12, 2011 1:34am
Quoting sifyragnarok
i think we must wait for price action to break this 4h channel or rebounce....
what u guys think about it ?? its 30 pips away
agreed infact if you look at other pairs as well they are also near their upper or lower channels. eg. Swissy and it is near its upper channel on the daily, weekly.etc. So at some point during the LON or the NY session these pairs will turn or will confirm the break of the channel..
  • #1,735
  • Dec 12, 2011 1:38am Dec 12, 2011 1:38am
Guys another short term neat trick is that if you cant find a good swing trade then you can use the 4H chart for some quick pips.
The way you going to go about it is that you wait for the break of the blue bands and then you trade in the opposite direction .
So if the bands break at the bottom you going to go long. and make sure the PA on top of the 60EMA

If the bands break at the top then you go short and make sure that PA under the 60EMA.
For this you can hold the trade for a long periods but if you want to make quick pips you can hold it for a day or so.
This will get you around 50 to 200 pips .

But for this technique your timing skills are very very important.
If you execute the right timing then your SL will be 20 to 50 pips and TP will be anything from 50 to 200.

This can be traded on any pair and if mastered then you guys will have a really bulky pip balance at the end of the month with the 1H E/U method
X-man the legendary conqueror of markets
  • #1,736
  • Dec 12, 2011 1:43am Dec 12, 2011 1:43am
hey xman i have a doubt

now if eur usd breaks its 4h channl i go shorT?? where will my TP and SL be?
  • #1,737
  • Dec 12, 2011 1:46am Dec 12, 2011 1:46am
im sorry for the image quality
dont know why it came thisway ...looks fine in my comp

by thae way

it broke the channel
if next candle also breaks the channal
does it make it a potential long ???

thankyou
Attached Image (click to enlarge)
Click to Enlarge Name: sac.gif Size: 36 KB
  • #1,738
  • Dec 12, 2011 1:50am Dec 12, 2011 1:50am
Quoting sifyragnarok
hey xman i have a doubt

now if eur usd breaks its 4h channl i go shorT?? where will my TP and SL be?
Im not even looking at the 4H channel. coz the SHI channel is only for my 4H trades.
I wont even go short because my SL will be too large for my 1H trade. It will be over 50 pips. That red candle is too big for my liking to go short.
X-man the legendary conqueror of markets
  • #1,739
  • Dec 12, 2011 1:55am Dec 12, 2011 1:55am
Quoting X-Man
Im not even looking at the 4H channel. coz the SHI channel is only for my 4H trades.
I wont even go short because my SL will be too large for my 1H trade. It will be over 50 pips. That red candle is too big for my liking to go short.
ok what if i want to swing trade??
what should i do if it breaks the channel ?

sorry for the dumb questions
  • #1,740
  • Dec 12, 2011 1:57am Dec 12, 2011 1:57am
guys please post if u see any good trade set ups
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