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  • #2,781
  • Jan 13, 2012 5:52am Jan 13, 2012 5:52am
Quoting amiralifx
practice 8 ( live trading)

sell eurusd at one our before opening ny market

Attachment
tp = +25 pips
  • #2,782
  • Jan 13, 2012 6:04am Jan 13, 2012 6:04am
possitive: 57+25= 82pips

negative: 22 pips

total: +60 pips

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thanks x-man
  • #2,783
  • Jan 13, 2012 6:23am Jan 13, 2012 6:23am
Hi to all and particurlarly to Xman....!

I'm following this thread for 2 days and currently going through it. I appreciate especifically the swing strategy mainly for its simplicity so this morning I gave it a try on the following pairs:

EURCAD: sell based on 60 SMA bounce and TDI outside blue bands. TP is bottom of the daily channel...
AUDCHF: same that eurcad but on the buy side.
GBPCHF: double bottom (although outside of the daily channel) and TDI in extreme sell down.

Currently all positions are in positive territory.....!!

I've a doubt regarding the TP for GBPCHF. I don't know if I should close the position at 60 SMA or top of the channel. XMAN, your input would be greatly appreciated...

Thanks for sharing this simple and profitable system.....!
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  • #2,784
  • Jan 13, 2012 8:26am Jan 13, 2012 8:26am
Quoting amiralifx
hi x-man

you told draw second verticall line one our befor opening ny market. at tour picture you draw at opening ny market. why?
Thats where i use to always draw my vertical lines, there has been pages and pages of discussion on the first few pages of this thread. Ive been always drawing the vertical lines on 6:00 and 12:00
X-man the legendary conqueror of markets
  • #2,785
  • Jan 13, 2012 8:32am Jan 13, 2012 8:32am
Quoting Phiksalamuk
Hi to all and particurlarly to Xman....!

I'm following this thread for 2 days and currently going through it. I appreciate especifically the swing strategy mainly for its simplicity so this morning I gave it a try on the following pairs:

EURCAD: sell based on 60 SMA bounce and TDI outside blue bands. TP is bottom of the daily channel...
AUDCHF: same that eurcad but on the buy side.
GBPCHF: double bottom (although outside of the daily channel) and TDI in extreme sell down.

Currently all positions are in positive territory.....!!

I've a doubt...
A lot of traders struggle with setting TP so i would recommend that you lock in half the profits at 1:1 and the other half you allow it to run and lock it at 1:2 or more depends how strong the trend is
X-man the legendary conqueror of markets
  • #2,786
  • Jan 13, 2012 8:38am Jan 13, 2012 8:38am
Took a 4H trade today on E/J
Set SL at 80 pips and TP at 80 pips
Entered at the open of the second red candle
Attached Image (click to enlarge)
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X-man the legendary conqueror of markets
  • #2,787
  • Jan 13, 2012 10:16am Jan 13, 2012 10:16am
Quoting X-Man
A lot of traders struggle with setting TP so i would recommend that you lock in half the profits at 1:1 and the other half you allow it to run and lock it at 1:2 or more depends how strong the trend is
Ok many thanks Xman ! I set TP1 slightly below the 60 SMA and TP2 will be the top of the channel.....!

Sor far 100 pips combined on the 3 positions in a few hours....!

Great system !
  • #2,788
  • Jan 13, 2012 10:30am Jan 13, 2012 10:30am
Is this typical of the EU to have an agressive move in one direction if it has not moved its normal daily range the entire week?
  • #2,789
  • Jan 13, 2012 11:08am Jan 13, 2012 11:08am
H1 method
EU +50 +50

H4 method
EJ +85
EU +110
ECad +50
EA +55

= +400 pips in one day!
(and I was always told don't trade on Fridays ...)

My personal record. Thank you X-Man, Big E, and Phx62!

gary
  • #2,790
  • Jan 13, 2012 11:23am Jan 13, 2012 11:23am
Quoting hale-mary
Is this typical of the EU to have an agressive move in one direction if it has not moved its normal daily range the entire week?
Talk of S&P EU downgrade may have caused the large move..
  • #2,791
  • Jan 13, 2012 6:52pm Jan 13, 2012 6:52pm
Quoting hale-mary
Is this typical of the EU to have an agressive move in one direction if it has not moved its normal daily range the entire week?

answer > jein
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,792
  • Jan 13, 2012 10:49pm Jan 13, 2012 10:49pm
Quoting james2ko
Talk of S&P EU downgrade may have caused the large move..
One of the signs of an end to downtrend will be when bad news like this doesn't take it down. Still wondering if we are headed to 1.19 area.
  • #2,793
  • Jan 15, 2012 10:51am Jan 15, 2012 10:51am
Quoting X-Man
Took a 4H trade today on E/J
Set SL at 80 pips and TP at 80 pips
Entered at the open of the second red candle
Hi XMan!
You are right when you say that a lot of traders struggle when setting TP. This is clearly my case.... I was reviewing your EJ trade and wondering why you aim only for 1:1. EJ is clearly in downdrend, having bounced several times from SMA.

Would I have entered that trade I would be looking for TP at mid daily channel line. Price has recently slightly exceeded daily channel top line. Is this the reason why you are more cautious on that one....?

Thanks again for your inputs.....!
  • #2,794
  • Jan 15, 2012 12:15pm Jan 15, 2012 12:15pm
i have been searching the thread for the 4h strategy pdf file but cant locate it. can someone post the link. thanks!
it is better to miss than to loss pips
  • #2,795
  • Jan 15, 2012 12:18pm Jan 15, 2012 12:18pm
So london is starting to make some sense but NY seems difficult to trade the pullback/reversal if the price has already moved in london open session.

X-man what do you look for or how do you trade NY if you already scored your pips in london open session. Senior members feel free to advise as well.
  • #2,796
  • Jan 15, 2012 12:20pm Jan 15, 2012 12:20pm
Quoting 2pips
i have been searching the thread for the 4h strategy pdf file but cant locate it. can someone post the link. thanks!

this post, I think

http://www.forexfactory.com/showthre...15#post5203315

do you know about "PAPER CLIP" ???
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It takes a lot for me to IGNORE you, but you can try.
  • #2,797
  • Jan 15, 2012 11:27pm Jan 15, 2012 11:27pm
Quoting hale-mary
So london is starting to make some sense but NY seems difficult to trade the pullback/reversal if the price has already moved in london open session.

X-man what do you look for or how do you trade NY if you already scored your pips in london open session. Senior members feel free to advise as well.
Well if the london session was trending in one direction then i would look for a reversal because most of the time within the london hours and the first the high and the low is formed.
So if a high was formed during the London then i would expect PA to reverse to form the low.
This is however not always the case. There will also be a continuation where PA will just continue to rise or fall from the start of the London session. In this case if i do not see a clear signal i would skip the second session.
I would also skip the second session when i am content with what i made during the first session.
If i made enough pips during the first session then in the second session i would only look for A+ trades
X-man the legendary conqueror of markets
  • #2,798
  • Jan 15, 2012 11:35pm Jan 15, 2012 11:35pm
Buy eurusd [email protected] sl:1.2628 tp: 1.2710

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  • #2,799
  • Edited Jan 16, 2012 12:06am Jan 15, 2012 11:56pm | Edited Jan 16, 2012 12:06am
Is it safe to assume USD/CHF has a pullback candle ? Coz I remember people here say to have pullback candle, it has to be in a trend. The market is still early to have any trend right now, so having doubts.. =/
  • #2,800
  • Jan 16, 2012 12:37am Jan 16, 2012 12:37am
Quoting X-Man
[color=Blue][size=3]Well if the london session was trending in one direction then i would look for a reversal because most of the time within the london hours and the first the high and the low is formed.
So if a high was formed during the London then i would expect PA to reverse to form the low.
This is however not always the case. There will also be a continuation where PA will just continue to rise or fall from the start of the London session. In this case if i do not see a clear signal i would skip the second session.
I would also skip the...
That is exactly what i am talking about. Is there something you look at that would give you a clue about a continuation in during the NY session even with the pullback candles or another signal you use. (not looking for 100% accuracy if that is your impression, just looking to get better) I will try to find an example of what I am talking about. By the way is the compliation still a working progress. No rush.
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