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  • #2,361
  • Dec 18, 2011 5:26pm Dec 18, 2011 5:26pm
Quoting hale-mary
I know this was mentioned once before, BUT I still dont understand. Phx62 enters on a 15 min and maitains his position on 1 hour if i am not mistaken.

So does he or any of you that follow that entry style, enter before the 1 hour gives a cross-over signal? What do you look for in the candles on 1 hour that gives the clue to check 15 min. Although the pull-back entry I think was explained. I still dont get it
Hey this is my very first post on this forum and I hope this question has not been answered already (I've just got up to page 48 of 157)

To enter on M15 requires you find a strong trend on H1 say all blue bars followed by a reversal bar the next hour what to do next is on the close of the reversal red bar go to a 15 minute chart and wait fir the next TDI cross in the original direction of the trend ie a blue bar, If the trend is strong that would be a continuation and an early re-entry for you cos at times the next 1 hour bar may just be too long and may be followed by a consequent pull back.
Hope this helps? I must say great thread great super simple system.
Let it turn and find your entry.
  • #2,362
  • Edited 2:47am Dec 19, 2011 2:32am | Edited 2:47am
Short cable

out, small loss
  • #2,363
  • Dec 19, 2011 2:46am Dec 19, 2011 2:46am
Quoting alteclansing
Thanks for that Smokey. Could you please give me brief instructions how to import and run the time converter script?

I've tried it once before and I think it doesnt work properly. Or I can ask my God... Google...

Hil
Hmm why do you need the timeframe converter if this data source has the feature of importing data into all timeframes of MT4?
Think twice before going live, even if you own the best trading strategy...
  • #2,364
  • Dec 19, 2011 5:24am Dec 19, 2011 5:24am
Quoting X-Man
Ok i see a problem with traders identifying certain setup candles when back testing.
I will be compiling a PDF showing you guys the candles patterns that will increase your chances of been profitable.
If you guys keep your eyes open for certain candle formations then definitely you will be making pips. I dont even look at TDI when i see certain candles.

I will compile that PDF in January coz now i am on holiday.
Please remind me in January to do this.
cool! Enjoy your holiday!
  • #2,365
  • Dec 19, 2011 5:30am Dec 19, 2011 5:30am
Quoting snarlyjack
I realize that this is a different time chart ( 5 minute) but
just wanted to show a trade I just made on the London open.

The set-up was perfect, the channel was perfect, the tdi
was perfect, the average price bars were perfect. I just
made a fast 25 pips...

snarlyjack
Please Jack may we know the time settings for the Sonic Channel used on that 5minutes time frame?
Thank you.
Let it turn and find your entry.
  • #2,366
  • Dec 19, 2011 7:21am Dec 19, 2011 7:21am
Quoting cajun
X-Man hope you don't mind me sharing this little strategy on this thread, but if it will help others make more pips that would be good.
This was pm'd to me on another forum and have only been using it for a week and had 4 out of 5 winners, some of you may have already come across it and used it. Here it is.


[color=black][font=Segoe UI][color=red] EurUsd, H1 chart
-check the 7:00 NY candle, if it is long or short.
-when it closes, at 8:00 NY time, open a trade OPPOSITE to 7:00 candle.
-so if 7:00 candle closed down (short), you place a buy (long)...
No luck on this strategy today.
  • #2,367
  • Dec 19, 2011 8:17am Dec 19, 2011 8:17am
Quoting cajun

EurUsd, H1 chart
-check the 7:00 NY candle, if it is long or short.
-when it closes, at 8:00 NY time, open a trade OPPOSITE to 7:00 candle.
-so if 7:00 candle closed down (short), you place a buy (long) trade.
-if 7:00 candle closes up (long), you place sell (short) trade.
- the 7:00 closed candle must be at least 3 pips body length, otherwise No Trade !

I set my SL at 25, because i can watch it i do not set a TP to try and pick up all the pips i can, i close the trade when i get a reversal signal.

Just trying to help
Good Luck

Quoting wrenski
No luck on this strategy today.
I wonder if the strategy did not work for you today as the candle body before the close was not 3 pips in size? At least, mine was not.
All the trade criteria need to be met for this to work.
Hope this helps
Leona
  • #2,368
  • Dec 19, 2011 8:21am Dec 19, 2011 8:21am
Quoting leonaforex
I wonder if the strategy did not work for you today as the candle body before the close was not 3 pips in size? At least, mine was not.
All the trade criteria need to be met for this to work.
Hope this helps
Leona
Mine was 3.5 pips, so it did meet the criteria. It doesn't really matter as I would be hard pressed to trade this type of strategy with real money.
  • #2,369
  • Dec 19, 2011 8:53am Dec 19, 2011 8:53am
Quoting wrenski
No luck on this strategy today.

Hi,

I think there is DST now so New York opens at 9am EST (GMT1300) so we should be looking at the 8am candle instead of the 7am one.
Correct me if I am wrong here.
regards
ET
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,370
  • Dec 19, 2011 9:11am Dec 19, 2011 9:11am
Quoting emmanuel7788
Hi,

I think there is DST now so New York opens at 9am EST (GMT1300) so we should be looking at the 8am candle instead of the 7am one.
Correct me if I am wrong here.
regards
ET
NY session opens at 8:00 am EST. 1300GMT.
  • #2,371
  • Dec 19, 2011 9:12am Dec 19, 2011 9:12am
Quoting emmanuel7788
Hi,

I think there is DST now so New York opens at 9am EST (GMT1300) so we should be looking at the 8am candle instead of the 7am one.
Correct me if I am wrong here.
regards
ET
It is 13 GMT but still 8 EST.
  • #2,372
  • Dec 19, 2011 9:04pm Dec 19, 2011 9:04pm
can anybody modify this indicator so that i can change the size and color of the bars........thanks,,,vince
Attached File(s)
File Type: mq4 Synergy_APB2.mq4   2 KB | 435 downloads
  • #2,373
  • Dec 19, 2011 9:26pm Dec 19, 2011 9:26pm
Quoting Vince-AC
can anybody modify this indicator so that i can change the size and color of the bars........thanks,,,vince
You already can.
Drop on the chart, click the color tab.
  • #2,374
  • Dec 20, 2011 3:07am Dec 20, 2011 3:07am
It's too bad more people aren't trading today. Excellent PA on the EURUSD.
  • #2,375
  • Edited 5:26am Dec 20, 2011 4:05am | Edited 5:26am
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.

"Still learning something every single day!"

Hi smokey,
I've gone through the spreadsheet and it's impressive and I've been doing the maths, maybe I should pick your brains, with a lot size of 0.5 and SL of 30 you'd be risking $150 that means twenty bad trades and bye bye to your capital but that's not gonna happen.
I think we need to get to a place like you said where your 30 pips TP is consistently hit but there are days with draw-downs and flat PA how do you still achieve 1M in 28weeks?
Do you trade 2 lots with primary target at 30 and breakeven for the second and let it run so as to accommodate the possible draw-down days.
I think we need to make it clear so some traders don't say they've been misled.

Really the spreadsheet's been an inspiration just have to build brick by brick.
Intrepid!
Let it turn and find your entry.
  • #2,376
  • Dec 20, 2011 10:58am Dec 20, 2011 10:58am
Hello together,

if anyone is still trading, there is a supreme signal developing on EU 4h.

Best to all of you and merry x-mas, if we donīt write again. I wish Big-E and his family all the best and that Big E comes back on his feet with good health again! My thoughts are with him. Also big thanks to X-Man - let big pips rain in 2012!


smash
  • #2,377
  • Dec 20, 2011 11:04am Dec 20, 2011 11:04am
Quoting smash85
Hello together,

if anyone is still trading, there is a supreme signal developing on EU 4h.

Best to all of you and merry x-mas, if we donīt write again. I wish Big-E and his family all the best and that Big E comes back on his feet with good health again! My thoughts are with him. Also big thanks to X-Man - let big pips rain in 2012!


smash
Thats not a signal fool, That's Santa's fat ass, climbing down the chimney.
  • #2,378
  • Dec 20, 2011 11:13am Dec 20, 2011 11:13am
I took a H4 trade on EURAUD. I could not follow the trade so I set a TP of 35 pips which was hit. I this particular case I feel that I cut my profit instead of letting it to run...
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_H4_strategy name_20111220180825.gif Size: 20 KB
  • #2,379
  • Dec 20, 2011 11:35am Dec 20, 2011 11:35am
Quoting cyber1
You already can.
Drop on the chart, click the color tab.

u lost me on that one. indicator has no option. properties only covers original bars, not apb bars....thanks for reply......vince
  • #2,380
  • Dec 20, 2011 12:20pm Dec 20, 2011 12:20pm
ignore the lines as that is my indy and backtesting. I drew and arrow on the entry candle.

But does this qualify as a signal to go short as the previous candle was a pullback and TDI broke the bands and is current hooking over?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 201 KB
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