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  • #2,801
  • Jan 16, 2012 2:56am Jan 16, 2012 2:56am
Quoting hale-mary
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.
The closest I found was on the 3rd of January. Trending up most of the sessions
  • #2,802
  • Jan 16, 2012 3:05am Jan 16, 2012 3:05am
hello every one..i am new to forex and have some basic ideas about this market...i like this forum and all of u mentors 4 helping us ..my question is can i trade on 15 minute charts..can some one please explain more clearly about pull back candle ....thanks to every one and happy trading!
  • #2,803
  • Jan 16, 2012 3:36am Jan 16, 2012 3:36am
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.
My experience is that IF (like now) the trend is strong I would NOT trade counter London session direction. As far as I am concerned early/pre US open weak counter trend signals should not be considered. The pre US fake out is just as typical as LO head fake IMHO.

So yet again the answer is stick with the trend.
  • #2,804
  • Jan 16, 2012 3:46am Jan 16, 2012 3:46am
What is going on today in the London Session? Looking at the 15 tf to fine tune entries but seems every pullback candle is a headfake.
  • #2,805
  • Jan 16, 2012 3:54am Jan 16, 2012 3:54am
Quoting Brifx
What is going on today in the London Session? Looking at the 15 tf to fine tune entries but seems every pullback candle is a headfake.
Brifx, today is US bankholiday.
Enter Signature
  • #2,806
  • Jan 16, 2012 3:57am Jan 16, 2012 3:57am
Quoting Vantage
My experience is that IF (like now) the trend is strong I would NOT trade counter London session direction. As far as I am concerned early/pre US open weak counter trend signals should not be considered. The pre US fake out is just as typical as LO head fake IMHO.

So yet again the answer is stick with the trend.
My entries need work even when I think I enter correctly...it is wrong. I need to get better at fine tuning.
  • #2,807
  • Edited 5:06am Jan 16, 2012 4:00am | Edited 5:06am
Brifx:

I tried to do a 15m trade this morning and got out -10 pips. There is a holiday here in the states... MLK day... I think that is affecting the london session, but also since it is a monday we have lower liquidity anyways. I am trying to remember not to overtrade myself. My analagy today is its like a slow day fishing. Head fakes will happen on the 15M and I try to keep a sharp eye to get out with small losses when they happen and then try to watch PA even more closely for clues.ACTUALLY - scratch that, will not trade today as the PA is a Wonky Mess in my opinion. Be back tommorrow guys! It's off to the daily charts for me later.
"IN CASH WE TRUST"
  • #2,808
  • Jan 16, 2012 4:09am Jan 16, 2012 4:09am
can i trade on 15 minute charts..can some one please explain more clearly about pull back candle ....thanks to every one and happy trading!

Welcome redoy300 but you will have to review posts from Page 1 to get info you require, we cannot keep going over old ground as it just clutters up thre thread. We all have to do the hard yards
  • #2,809
  • Jan 16, 2012 4:37am Jan 16, 2012 4:37am
Quoting LazyLobster
Brifx:

I tried to do a 15m trade this morning and got out -10 pips. There is a holiday here in the states... MLK day... I think that is affecting the london session, but also since it is a monday we have lower liquidity anyways. I am trying to remember not to overtrade myself. My analagy today is its like a slow day fishing. Head fakes will happen on the 15M and I try to keep a sharp eye to get out with small losses when they happen and then try to watch PA even more closely for clues.
Thanks LL and Maudur. Knew it was a bank holiday but did not think it would spike up and down like this. See what happens on the NY open.
  • #2,810
  • Jan 16, 2012 4:48am Jan 16, 2012 4:48am
I am charting today bullish Eu/Usd..with 1.2725 around TP during the London if reach if not and lower I will close even..The start makes a bullish and lowers now, so will wait patient if we can hold and not break down from 12630
" Accepting losses is the most important single investment devise "
  • #2,811
  • Jan 16, 2012 5:25am Jan 16, 2012 5:25am
consistently on days like this my account blows up. I know these are not predictable but DAMN. I hate it. My gains getting wiped.
  • #2,812
  • Jan 16, 2012 5:48am Jan 16, 2012 5:48am
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 X-man, nice trade.

can you tell me what shi channel setting (eurjpy) do you use for this particular chart please? i tried to make mine to look like your but still nowhere near

tonny

below is what my 4h chart eurjpy looks like
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 19 KB
  • #2,813
  • Jan 16, 2012 6:33am Jan 16, 2012 6:33am
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...

I closed GBPCHF this morning at 60 SMA for + 90 pips.... May reenter later with a close above SMA.

Still holding the other 2 trades. Current positions:
EURCAD: +100 pips
AUDCHF: +47 pips....
  • #2,814
  • Jan 16, 2012 8:00am Jan 16, 2012 8:00am
Quoting Brifx
Thanks LL and Maudur. Knew it was a bank holiday but did not think it would spike up and down like this. See what happens on the NY open.
Today is holiday. New York don't will open.
Enter Signature
  • #2,815
  • Jan 16, 2012 9:27am Jan 16, 2012 9:27am
Quoting tonny47
hi X-man, nice trade.

can you tell me what shi channel setting (eurjpy) do you use for this particular chart please? i tried to make mine to look like your but still nowhere near

tonny

below is what my 4h chart eurjpy looks like
My SHI channel is set on the daily TF.
It looks like it didnt adjust in the picture.
But look at the TDI and the 60EMA its a perfect trade, you wouldnt need a SHI channel as you can see PA under the 60EMA
X-man the legendary conqueror of markets
  • #2,816
  • Jan 16, 2012 9:30am Jan 16, 2012 9:30am
Quoting Phiksalamuk
I closed GBPCHF this morning at 60 SMA for + 90 pips.... May reenter later with a close above SMA.

Still holding the other 2 trades. Current positions:
EURCAD: +100 pips
AUDCHF: +47 pips....
Nice work buddy.
Today i broke even on the 1H E/U there was no volatility.
Will see what happens tomorrow.
X-man the legendary conqueror of markets
  • #2,817
  • Jan 16, 2012 9:33am Jan 16, 2012 9:33am
There were lots of 4H trades lastweek, really A+ trades which produced around 100 pips each.
I took one of them and see that theres some other traders that had some good 4H trades
X-man the legendary conqueror of markets
  • #2,818
  • Jan 16, 2012 10:32am Jan 16, 2012 10:32am
Quoting X-Man
Nice work buddy.
Today i broke even on the 1H E/U there was no volatility.
Will see what happens tomorrow.
Thanks X-Man, but all the merit is yours. That were textbook trades as per your rules...

Just closed EURCAD at the bottom of the daily channel for +120 pips....! Holding on AUDCHF currently at +60 pips. Will let it run until midline of the daily channel.

Really a great system with simple rules...!!
  • #2,819
  • Jan 16, 2012 10:37am Jan 16, 2012 10:37am
Quoting X-Man
There were lots of 4H trades lastweek, really A+ trades which produced around 100 pips each.
I took one of them and see that theres some other traders that had some good 4H trades
A+ examples would be nice to see or maybe a more detailed explanation/ or pictures. The 4hr trade has not clicked for me yet no matter how many times i read it. I am hoping the lightbulb moment will soon arrive. I want to take some demo trades but not sure what to focus on.

Thanks
  • #2,820
  • Jan 16, 2012 10:42am Jan 16, 2012 10:42am
Quoting X-Man
My SHI channel is set on the daily TF.
It looks like it didnt adjust in the picture.
But look at the TDI and the 60EMA its a perfect trade, you wouldnt need a SHI channel as you can see PA under the 60EMA

my one is also set to daily channel as i understand it but i think its not displaying it properly for some reason...but otherwise as you pointed out - beautiful trade. i am using the following settings. http://www.forexfactory.com/attachme...1&d=1322776266 http://www.forexfactory.com/attachme...1&d=1322776266
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