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  • #1,741
  • Dec 12, 2011 1:58am Dec 12, 2011 1:58am
Quoting sifyragnarok
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
X-Man answered about the EU, let me take up this one. No I will not long this one.

Incase you would be taking the 4H trade, wait for the price to close above the channel and enter on the retest. But I would skip this and take a short only whenever the opportunity presents itself. If you look at Daily - the Daily channel is at 0.9320 levels, so this upmove even if it comes the daily channel will make it very choppy.

And a lil' abt my trading style, I avoid long or shorts if the stocs are overbought or oversold and if you look at all the pairs UC, EU stocs are at their extremes, hinting either price will consolidate or it will reverse at some point of time. I have hardly seen price disrespect stocs so badly. But anything is possible. Lets c !
  • #1,742
  • Dec 12, 2011 2:01am Dec 12, 2011 2:01am
good a very good entry signal, but there is a support line near below, so I didnīt enter and wait how chart develops.
  • #1,743
  • Dec 12, 2011 2:08am Dec 12, 2011 2:08am
Yes guys you can use stochastics like in the TMS thread.
Personally i use to use it before but it made me miss some good trades. I only use TDI. But remember that PA is king
If you feel safer using the stocs the you can download the indi from the TMS thread.
X-man the legendary conqueror of markets
  • #1,744
  • Dec 12, 2011 2:21am Dec 12, 2011 2:21am
Quoting antantnz
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.
hi
for me :
- Positive bar with long upper = " strong buy"
- negative bar with long upper = " strong sell"
it was just how to learn about the Average Price Bars (APB)

See post #1681 : X-Man give us the right solution
For example :
"The close of bullish candle must form LOwer than the Open of the candle"
  • #1,745
  • Dec 12, 2011 2:28am Dec 12, 2011 2:28am
Quoting X-Man
[color=Blue][size=3]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...
Thanks for the tips X-Man.

Does the PA color is important/matters when the blue band breaks?

Thank You
  • #1,746
  • Dec 12, 2011 2:49am Dec 12, 2011 2:49am
Quoting tillandran
Thanks for the tips X-Man.

Does the PA color is important/matters when the blue band breaks?

Thank You
No the PA color is not important.
When i mention that your timing skills has to be very good because the aim is to execute your trade at the open of the next candle.
For example: TDI breaks at the bottom of the blue bands and PA is above the 60EMA then you will want to go long.
When you execute the trade is important.
Look at my chart thats attached. look at the entry point and look at the TDI.
I marked the entry point with a label and the candle that you enter is marked with a red arrow.
The candle is still red but i hold that position coz i know that TDI wants to go back in the blue bands.
At times you will get faked out , thats why if you execute the trade at the place your loss will be minimize and then when you keep tradign that breaks there are more wins than losses, so you will cover your losses easily and make more pips.
If a trader traded the Blue band breaks for the month of December which just started and include the pips from the 1H E/U method then he would be sitting with almost +/-1000 pips already.
To be safe i would take 50 to 100 pips trading that technique.
Attached Image (click to enlarge)
Click to Enlarge Name: blue bands.jpg Size: 131 KB
X-man the legendary conqueror of markets
  • #1,747
  • Dec 12, 2011 2:52am Dec 12, 2011 2:52am
Quoting X-Man
[color=Blue][size=3]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...
X-Man, thank you very much for all your help.

Could you please show this strategy in a chart? I see that is never given a ticket. When the bands break at the top always the PA is on top the 60EMA, and when the bands break at the bottom always the PA is under the 60EMA.

Thanks.

edit: Ohhh, you just answered to the previous post went 1 minutes ago. Thank you very much.
Enter Signature
  • #1,748
  • Dec 12, 2011 2:54am Dec 12, 2011 2:54am
Another chart to demonstrate the break of the blue bands
Attached Image (click to enlarge)
Click to Enlarge Name: blue bands.gif 2.jpg Size: 128 KB
X-man the legendary conqueror of markets
  • #1,749
  • Dec 12, 2011 3:03am Dec 12, 2011 3:03am
Quoting X-Man
[size=3][color=Blue]No the PA color is not important.
When i mention that your timing skills has to be very good because the aim is to execute your trade at the open of the next candle.
For example: TDI breaks at the bottom of the blue bands and PA is above the 60EMA then you will want to go long.
When you execute the trade is important.
Look at my chart thats attached. look at the entry point and look at the TDI.
I marked the entry point with a label and the candle that you enter is marked with a red arrow.
The candle is still red but i hold...
X-Man, please explain me the next:

At your entry, the PA is below the 60EMA, why you say that "TDI breaks at the bottom of the blue bands and PA is above the 60EMA then you will want to go long"?

Thanks.
Enter Signature
  • #1,750
  • Dec 12, 2011 3:06am Dec 12, 2011 3:06am
Hi X-Man thanks for the explanation of the breaking blue band strategy. Was a bit confused earlier about that one. Just to ensure I've got my head around it I've attached a chart for EUR AUD and marked with red arrows which I feel is a valid entry signal to short.

Your view on this would be much appreciated. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h4.gif Size: 27 KB
  • #1,751
  • Dec 12, 2011 3:06am Dec 12, 2011 3:06am
X-Man, Can I interpret a chart like below?
Or was it too long already between break of band and price went upper of MA 60?
Attached Image (click to enlarge)
Click to Enlarge Name: h4 example.gif Size: 42 KB
  • #1,752
  • Dec 12, 2011 3:08am Dec 12, 2011 3:08am
Quoting X-Man
Another chart to demonstrate the break of the blue bands
X-Man, in the 2 entries, There are two different scenarios, the first PA is below 60EMA, the second PA is above 60EMA. I don't understand.

Thanks
Enter Signature
  • #1,753
  • Dec 12, 2011 3:17am Dec 12, 2011 3:17am
Quoting maudur
X-Man, please explain me the next:

At your entry, the PA is below the 60EMA, why you say that "TDI breaks at the bottom of the blue bands and PA is above the 60EMA then you will want to go long"?

Thanks.
Look to your left , ask yourself where PA has spent most of its time as you can see most of the time it was above the 60EMA . Now when it breaks the bands its shows thats its reaching its very low before it changes its direction.
Simple
X-man the legendary conqueror of markets
  • #1,754
  • Dec 12, 2011 3:17am Dec 12, 2011 3:17am
I'd like to ask you for the advice, how to optimize my SL and PT.

How you set your SL/PT (is fixed or you move it following some rules)? If it is fixed, how many pips? Do you use trailing SL - what are the rules?

I just started backtesting of the H1 system. Now, it seems that SL50 and PT50 give me the best results. The percentage of succesfull trades is 70%.

Thank you
  • #1,755
  • Dec 12, 2011 3:26am Dec 12, 2011 3:26am
Hello x-man,

was there not a valid pullback long entry on Euro 1h-Chart 25 min ago which seem to end in a loss?
  • #1,756
  • Dec 12, 2011 3:31am Dec 12, 2011 3:31am
Quoting joker24
Hello x-man,

was there not a valid pullback long entry on Euro 1h-Chart 25 min ago which seem to end in a loss?
I was also looking at the same but CandleSticks prompted the pull back not the Synergy Bars.. moreover if u look at Swissy the Synergy bars hinted at the reversal but that one also popped right up because Euro fell.

My two cents.
  • #1,757
  • Dec 12, 2011 3:32am Dec 12, 2011 3:32am
Quoting joker24
Hello x-man,

was there not a valid pullback long entry on Euro 1h-Chart 25 min ago which seem to end in a loss?
Yes that was a pullback candle which i did take and made a 25 pip loss.
X-man the legendary conqueror of markets
  • #1,758
  • Dec 12, 2011 3:37am Dec 12, 2011 3:37am
Quoting X-Man
Yes that was a pullback candle which i did take and made a 25 pip loss.

Oops... X-Man pls clear my confusion as well then. For me a pull back candle will only be something with a very small body, large wicks and where the price closes in the opposite direction than the open. For the Euro, only one condition was satisfied i.e. price closed in the opposite direction. Not the other two. Whereas for the Swissy all three were satisfied. Had I been looking at candlesticks only I would have taken the long since the pull back appeared at previous S&R.

Pls refer to the candle formed 36 mins back.
  • #1,759
  • Dec 12, 2011 3:39am Dec 12, 2011 3:39am
Quoting X-Man
Yes that was a pullback candle which i did take and made a 25 pip loss.

Thanks.

Nice that I recognized it well. But I hesitated to push the trigger. In this case case luck.
  • #1,760
  • Dec 12, 2011 3:42am Dec 12, 2011 3:42am
Guys this is what the newswires are reporting...
Attached Image (click to enlarge)
Click to Enlarge Name: newswires.png Size: 31 KB
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