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  • #2,101
  • Dec 14, 2011 4:36am Dec 14, 2011 4:36am
Hi robthorp, I understand your confusion and maybe I am partly to blame. I am just talking about trading in a ranging market because this system is difficult to trade for noobies in ranging markets.
Trading can't be taught but it can be learned
  • #2,102
  • Dec 14, 2011 4:38am Dec 14, 2011 4:38am
Thanks Cajun,

That's a nice indicator, I like it. Most s & r indicators screw
up the screen and I get tired of looking at them.

Also on the 15 minute chart (3 bars back at 12:00 hrs) is a
great reversal bar, if you want to see what one looks like.

By the way were all learning how to trade better, that's
why were here...

snarlyjack
  • #2,103
  • Dec 14, 2011 4:38am Dec 14, 2011 4:38am
Quoting robthorp
Ive been following this thread from the start, but during the middle section i was unable to read the posts and i fear i may have missed something major.
Basically i think i understand the 1Hour london and newyork open method, and i have had a brief look at the 4 Hour method (but havnt placed any trades)

I often see people post about pull back candles and reversals, and state they entered and gained X amount of pips, when i look at my charts this do not fit in with the 2 strategies i have mentioned above.
Could someone please tell me what i am...
Go to post #1 there is a PDF file that you can download with all the rules based on 1H method
X-man the legendary conqueror of markets
  • #2,104
  • Dec 14, 2011 4:43am Dec 14, 2011 4:43am
Quoting pisarz
huge pinbar on m15 with blue band, going short
SL on BE+1, lets see how it will go.
  • #2,105
  • Dec 14, 2011 4:45am Dec 14, 2011 4:45am
Quoting SmokeyD
SL hit on the GU. -27
Took a long on the second bar, waited 15min after the positive news.

Too bad Smokey, on to the next one.

I'm keeping it open, I still have faith in it. My SL is @ 1.5465
  • #2,106
  • Dec 14, 2011 5:02am Dec 14, 2011 5:02am
Looking at EU is a bit like watching paint dry
  • #2,107
  • Dec 14, 2011 5:06am Dec 14, 2011 5:06am
Quoting MeLe
Looking at EU is a bit like watching paint dry
I would agree. I've been taking 45min naps for the last 6 hours.
  • #2,108
  • Dec 14, 2011 5:11am Dec 14, 2011 5:11am
Quoting snarlyjack
Thanks Cajun,

That's a nice indicator, I like it. Most s & r indicators screw
up the screen and I get tired of looking at them.

Also on the 15 minute chart (3 bars back at 12:00 hrs) is a
great reversal bar, if you want to see what one looks like.

By the way were all learning how to trade better, that's
why were here...

snarlyjack
Hey, your welcome, i agree it doesn't clog up the screen. I like it and mostly use it to set my TP and SL.

Good Luck
  • #2,109
  • Dec 14, 2011 5:27am Dec 14, 2011 5:27am
Quoting cajun
Hey, your welcome, i agree it doesn't clog up the screen. I like it and mostly use it to set my TP and SL.

Good Luck
thanks Cajun,

do you use the last 3 bars or another setting
  • #2,110
  • Dec 14, 2011 5:36am Dec 14, 2011 5:36am
thanks of the pdf, the market is on a range this time.
Quoting X-Man
Go to post #1 there is a PDF file that you can download with all the rules based on 1H method
  • #2,111
  • Dec 14, 2011 6:02am Dec 14, 2011 6:02am
Quoting davlo
thanks Cajun,

do you use the last 3 bars or another setting
Last 3 bars.
  • #2,112
  • Dec 14, 2011 6:14am Dec 14, 2011 6:14am
EU short from US open yesterday +150
& now +30 = 180 (first time for me)

thk u for the system x-man.......
  • #2,113
  • Dec 14, 2011 6:19am Dec 14, 2011 6:19am
short e/u @1.3018
now is 30pips
Woooo.
keep watching.
chixie
  • #2,114
  • Dec 14, 2011 6:33am Dec 14, 2011 6:33am
Quoting chixie007
short e/u @1.3018
now is 30pips
Woooo.
keep watching.
chixie
I suggest you monitor from no higher than M15 as we approach NY open.

Keep your pips in your pocket!
Enter Signature
  • #2,115
  • Dec 14, 2011 6:34am Dec 14, 2011 6:34am
I am not trying to discredit anyone's system over here but I can see lot of frustration and misunderstanding about the PA and stuff, therefore making an attempt to demonstrate why TDI or any other indicator does or doesn't work in certain circumstances.

Market normally ranges most of the time because if it trends all the time everyone would have been a millionaire. On the attached chart I have marked the S&R lines and one can see how price runs between these boundaries and as long as a trader is keeping eye on these limits, pips can still be made.

The last candle which is a PB and at support is the reason for a trade, however, BRN is also a hindrence.




P.S : I don't trade 1HR therefore have not taken any of the trades.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 23 KB
Forex is boring but profitable with patience and discipline
  • #2,116
  • Dec 14, 2011 6:53am Dec 14, 2011 6:53am
Quoting Pipsninja
I am using regular candles and not synergy candles on my 15M charts. I had my upper level at 1.3053. Now my upper level is adjusted to 1.3064 and my lower level to 1.3003.
I am not doing real great with this 1H PA strategy yet but it seems to me that if I am looking 1st at PA then I should use regular candlesticks - the Synergy HA uses info from the previous bar and may not reflect pure PA at the moment. Just my .01cts worth and I certainly welcome comments. p.
  • #2,117
  • Dec 14, 2011 7:22am Dec 14, 2011 7:22am
Quoting piprac
I am not doing real great with this 1H PA strategy yet but it seems to me that if I am looking 1st at PA then I should use regular candlesticks - the Synergy HA uses info from the previous bar and may not reflect pure PA at the moment. Just my .01cts worth and I certainly welcome comments. p.
Hours, weeks, and months of back testing will lead you to those conclusions...it's the only way (I know) of determining what works best for you. Only you can discover the PA recognition that YOU recognize.

This business is no different to opening up a restaurant...
It is a business of probabilities. A restauranteur has to prepare and serve the best dishes he/she can, accompanied with great service...to push the probability higher for repeat and new customers.

My "light bulb" moment came when I realized that if I could keep my patience in check and adhere to strict trade/money management...I really didn't need to bank a lot of pips per day/week/month to be successful. It was then that I knew that I could focus ONLY on high probability trades.

Just my thoughts...
Enter Signature
  • #2,118
  • Dec 14, 2011 7:32am Dec 14, 2011 7:32am
Will anyone ever want the Euro again!?!?!?
  • #2,119
  • Dec 14, 2011 7:36am Dec 14, 2011 7:36am
Quoting Fitness09
Will anyone ever want the Euro again!?!?!?
Even if they don't...we can short it.
  • #2,120
  • Dec 14, 2011 7:44am Dec 14, 2011 7:44am
Just food for thought. I know the TDI is not a tool for divergence but on the 1Hr there may be something going on. I'm watching for a possible long here.
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