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  • #1,761
  • Dec 12, 2011 3:44am Dec 12, 2011 3:44am
Quoting onefineday
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.
yes you are right when you say that. I took that because I'm alil more of an aggressive trader with the 1H method thats why i did not mention the trade as i could see that the body of the synergy bar was bigger than the wick.
A conservative trader should wait until the wick is longer than the body to be safe.
X-man the legendary conqueror of markets
  • #1,762
  • Dec 12, 2011 3:50am Dec 12, 2011 3:50am
Quoting X-Man
yes you are right when you say that. I took that because I'm alil more of an aggressive trader with the 1H method thats why i did not mention the trade as i could see that the body of the synergy bar was bigger than the wick.
A conservative trader should wait until the wick is longer than the body to be safe.

Cool thanks X-Man and just to add for me the color does not matter at that time since it takes at least one more candle for the color to change only these three criteria's, if I get them I am in. But thankfully I did not get in the Swissy... luck maybe.

However, It looks like a news filled day.. where the EU summit is being digested by the markets in its entirety the market is taking its time to beat the Euro down and global risk aversion seems to be on the cards where the money seems to be favoring the dollar. Not sure how the NY would react, but if that also favors the dollar then I am surely missing tons of pips and price would continue to fall.
  • #1,763
  • Dec 12, 2011 4:01am Dec 12, 2011 4:01am
Wanna enter so bad...must...resist...the short.
  • #1,764
  • Dec 12, 2011 4:07am Dec 12, 2011 4:07am
Hi everyone.
took my first S3 trade today. I usually trade the dialy charts, but was looking for something on the shorter Timeframes to trade when things are slow on the daily. I think S3 is great. I was watching the TMS thread and liked that, but I think X-Man has really nailed this one down. Thanks Buddy.
Heres my Trade. Went for a modest 25 pips. Used the 15min for my entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-12_S3_1.png Size: 18 KB
  • #1,765
  • Dec 12, 2011 4:12am Dec 12, 2011 4:12am
Quoting X-Man
Yes that was a pullback candle which i did take and made a 25 pip loss.
Hi,
I spent the weekend doing visual backtesting and trying to better understand the APB.
I think, a higher probability of a pullback bar reversal setup would be when the pullback bar occurs and the TDI already penetrated the upper or lower bands. Anywhere inside the band is lower probability of a turnaround and can play into a lower TF correction for a continuation trade entry.
rgds
ET
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,766
  • Dec 12, 2011 4:15am Dec 12, 2011 4:15am
Quoting Forexsaurus
Wanna enter so bad...must...resist...the short.
+1
  • #1,767
  • Dec 12, 2011 4:18am Dec 12, 2011 4:18am
I was a bit hesitant getting in short. Finally entered after pa made a second break of the RN past the 1.3290. Entered at 1.3287, took half off at 20 pips and set a new SL at BE+10 which was hit. +30 pips for this session, will see what New York has to offer. Thanks again X-Man!
  • #1,768
  • Dec 12, 2011 4:19am Dec 12, 2011 4:19am
Quoting emmanuel7788
Hi,
I spent the weekend doing visual backtesting and trying to better understand the APB.
I think, a higher probability of a pullback bar reversal setup would be when the pullback bar occurs and the TDI already penetrated the upper or lower bands. Anywhere inside the band is lower probability of a turnaround and can play into a lower TF correction for a continuation trade entry.
rgds
ET
Yeah a higher probability is when you trade the pullback candle that happens when TDI breaks the band this will save you the bad trades but at the same time you will also miss some good trades.
This will be left to the trader on how he/she wants to trade the pullback candle.
X-man the legendary conqueror of markets
  • #1,769
  • Dec 12, 2011 4:20am Dec 12, 2011 4:20am
Out with +50 on the short...looks like pullback candle may be forming now....waiting for top of the hour.
  • #1,770
  • Dec 12, 2011 4:23am Dec 12, 2011 4:23am
2 long wickeds, is this a new pullback candle?
The blue channel, is this the shi channel?
  • #1,771
  • Dec 12, 2011 4:25am Dec 12, 2011 4:25am
Quoting Phx62
Out with +50 on the short...looks like pullback candle may be forming now....waiting for top of the hour.
yes Phx62,
I see the possible pullback setup in both EURUSD and GBPUSD H1 TF .
Keep my eyes on these ccy pairs now.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,772
  • Dec 12, 2011 4:29am Dec 12, 2011 4:29am
Wasnt the original rule of Synergy is to short when TDI crosses the bottom bands and to long when it hits the top bands?

Or did you mean to enter long on the lower bands when it turns over and vice versa on the top bands?

And when you say long on bot bands, Does the PA has to be above 60 EMA?
  • #1,773
  • Dec 12, 2011 4:36am Dec 12, 2011 4:36am
Quoting SuperNoobie
Wasnt the original rule of Synergy is to short when TDI crosses the bottom bands and to long when it hits the top bands?

Or did you mean to enter long on the lower bands when it turns over and vice versa on the top bands?

And when you say long on bot bands, Does the PA has to be above 60 EMA?
Nope i think you have it the other way around.
I always trade long when the TDI breaks out the bottom of the bands and short when TDI break from the top of the bands. This is only on the 4H chart.
On the 1H chart i dont pay attention to the bands.
X-man the legendary conqueror of markets
  • #1,774
  • Dec 12, 2011 4:46am Dec 12, 2011 4:46am
Quoting X-Man
Nope i think you have it the other way around.
I always trade long when the TDI breaks out the bottom of the bands and short when TDI break from the top of the bands. This is only on the 4H chart.
On the 1H chart i dont pay attention to the bands.
I'm reading it as we speak, and it says to long when RSI > VB and to short when RSI < VB and to consider exiting when it crosses back. It's in the Synergy PDF some1 attached days ago.

I thought the way you do it was to enter at the reversal in the bands, if that was the case, it somehow fits the theory of the synergy. As when it crosses back, the trend changes thus the opposite positions.

Attached is the PDF file I was reading. Page 43.
Attached File(s)
File Type: pdf SYNERGY_Basic.pdf   1.8 MB | 766 downloads
  • #1,775
  • Dec 12, 2011 4:56am Dec 12, 2011 4:56am
Quoting SuperNoobie
I'm reading it as we speak, and it says to long when RSI > VB and to short when RSI < VB and to consider exiting when it crosses back. It's in the Synergy PDF some1 attached days ago.

I thought the way you do it was to enter at the reversal in the bands, if that was the case, it somehow fits the theory of the synergy. As when it crosses back, the trend changes thus the opposite positions.

Attached is the PDF file I was reading. Page 43.
Oh now i see.
Thats dean malones method on compass fx.
My method is different.
I trade it in the opposite direction on the higher Tfs because PA retraces when it breaks the bands.
On the lower TF Dean says to trade in the direction of the break of the bands.
Since i use the 4H TF i trade it the opposite because i noticed PA dont always carry through
X-man the legendary conqueror of markets
  • #1,776
  • Dec 12, 2011 5:05am Dec 12, 2011 5:05am
anyone trade G/U?
  • #1,777
  • Dec 12, 2011 5:10am Dec 12, 2011 5:10am
Hi X-Man

First of all I would like to say I like your thread and thank you for post it.

Now my question :

Right now on the TDI you can see a little pullback, would you go for long, or you wait for New York to open ?
  • #1,778
  • Dec 12, 2011 5:20am Dec 12, 2011 5:20am
I just want to introduce myself. I've been following this thread for a couple of weeks & back-testing looks very good.

Thank you X-Man for starting this thread & for your contributions. Thanks to the other traders who have contributed to the thread as well. I hope to make some contributions as well.
  • #1,779
  • Dec 12, 2011 5:21am Dec 12, 2011 5:21am
Quoting Phx62
Out with +50 on the short...looks like pullback candle may be forming now....waiting for top of the hour.
Hello again Phx62.
Congratulations on another +50. I'm very grateful to you and X-man for the education on TDI crosses and pullbacks on H1. I'm not so comfortable on bounce trades. Here are my assumptions on your trade. I'd be grateful if you'd comment on them or tell us your actual thinking at the time.

You entered at the break of the resistance formed by today's 0400 GMT and Friday's 1300GMT and 1500 GMT candles because H1 is in a downtrend with lower highs and lower lows.

You ignored the 32 pip pullback because of the downtrend or the size of the 0700 GMT candle. (Or perhaps you were asleep or hadn't set your trailing 25 pip EA, which I think you have.)

Thanks,
Kan
Thanks for your help, warmth and straight talking Heather.
  • #1,780
  • Dec 12, 2011 5:22am Dec 12, 2011 5:22am
Quoting stevebalmmer
anyone trade G/U?
Looks like a good long but I would wait for the masters to decide.
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