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  • #3,041
  • Edited 6:43am Jan 23, 2012 6:40am | Edited 6:43am
Quoting gms
H4 method trade on EA: + 126 pips

My reasons for entry:
- green TDI returned back into blue band
- green TDI crossed red
- Synergy color change
- TDI > 50
- PA could not substantially break EMA60
- direction of overall trend and D1 bearish

SL was swing high, TP was SL*2

Held it over the weekend.

gary
I had the same trade for almost the same reasons.

I entered also this pair as you can see on the attached chart. I entered because:
1. There was a TDI cross and the price line (green line) crossed the blue band
2. Although the price was (slightly) above EMA(60) the higher period trend was clearly short (the magenta line is the (EMA(200))
3. There was a zone of resistance (blue rectangle) supporting short moves
4. Synergy APB was bearish

Finally my trade hit TP of 2*ATR(7).
thrax
Attached Image (click to enlarge)
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  • #3,042
  • Jan 23, 2012 6:52am Jan 23, 2012 6:52am
Quoting X-Man
Im not sure exactly what are you trying to say, could you please post a chart showing these candles
no worries, i think i got it now

thank you for your help!
  • #3,043
  • Jan 23, 2012 7:00am Jan 23, 2012 7:00am
Quoting msc400
Here is another possible setup on USDCAD.
Short at 1.0118
Stop at 1.0165

Strong support at 1.00 maybe first target
+ 30 or so pips in profit. took profits on half of position and raised the stop loss on the other half from 1.0165 to 1.0100 to ensure a gain.
  • #3,044
  • Jan 23, 2012 7:08am Jan 23, 2012 7:08am
Hi Robthorp What you have to take into account is you are asking if you had got into the swing High. The question itself is unfathomable as a Swing High isnt created till you have a 123 up/down pattern or a lower high or lower low at least. The Fractal cant paint until it has a reason to Paint. Technically,if you had got into the the 2nd Candle the Doji Candle then Top of Previous High would suffice plus a few PIPS. Now looking at the 3 candles prior to the Red Arrow and you had decided to get into the close of the Shooting star candle then depending on how much breathing room you had given on the top of previous highs you probably would of been stopped out. Hope that makes sense.

Also nice synopsis gms and thrax.
Steve

9 Years and Still Learning
  • #3,045
  • Jan 23, 2012 8:18am Jan 23, 2012 8:18am
Hi to all, on my chart can you read me what does it say..So why I am on loosing trade (its demo however) is my viewing point bad or everyone has the same mistake done, or do we wait something now? There is a clear channel break, BUT WHAT NOW, HOW TO HANDLE HOW TO THINK?
edit: I know there are other factors to check, other TF and so..but looking to this chart, what we have to do and follow.. this would be a good lesson as I think many are in the wrong way perhaps, sure I am not the only one or am I ..))
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" Accepting losses is the most important single investment devise "
  • #3,046
  • Jan 23, 2012 9:06am Jan 23, 2012 9:06am
Quoting freedom48
Hi to all, on my chart can you read me what does it say..So why I am on loosing trade (its demo however) is my viewing point bad or everyone has the same mistake done, or do we wait something now? There is a clear channel break, BUT WHAT NOW, HOW TO HANDLE HOW TO THINK?
edit: I know there are other factors to check, other TF and so..but looking to this chart, what we have to do and follow.. this would be a good lesson as I think many are in the wrong way perhaps, sure I am not the only one or am I ..))
4h chart is a gd chart to trade.

i guess u shorted on the 1st red candle when TDI green goes below red.

However note that eu is in a strong uptrend. high above 60ema.

Anyways, if u follow the system, u should have closed off ur short / ur SL should have been hit when the TDI starts to turn flat or goes up.
  • #3,047
  • Jan 23, 2012 9:24am Jan 23, 2012 9:24am
Quoting firsttimer
4h chart is a gd chart to trade.

i guess u shorted on the 1st red candle when TDI green goes below red.

However note that eu is in a strong uptrend. high above 60ema.

Anyways, if u follow the system, u should have closed off ur short / ur SL should have been hit when the TDI starts to turn flat or goes up.
Thanks , yes I first shorted the first red candle when the TDI green goes below red and we were clean travelling down, my TP was high, so about midway, but I not guess that the PA will break the channel. Despite of this in the chart we can see many examples that the 60 ema rule is not so strong as the channel so I trust more to this and the channel top was close to the R1.. so I need to study more to avoid such false situations
" Accepting losses is the most important single investment devise "
  • #3,048
  • Jan 23, 2012 11:10am Jan 23, 2012 11:10am
Quoting Steve 56
Technically,if you had got into the the 2nd Candle the Doji Candle then Top of Previous High would suffice plus a few PIPS. Now looking at the 3 candles prior to the Red Arrow and you had decided to get into the close of the Shooting star candle then depending on how much breathing room you had given on the top of previous highs you probably would of been stopped out.
Spot on Steve, Thanks alot
  • #3,049
  • Jan 23, 2012 2:51pm Jan 23, 2012 2:51pm
Traded the EU H1 following London Open. Watched PA move down and set what turned out to be the low of the London session, then waited for a break of the Asian session high before entering a long trade. If the first candle had continued down and the TDI had crossed down, I would have entered a short order. The TDI green was already crossed up over the red line and was about to cross up over the yellow line. A very nice 9 blue candles move up of about 170 pips for the session. I was able to capture 118 of those pips after PA set a new high and then pulled back.
Moves like that make trading lots of fun!!!
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  • #3,050
  • Jan 23, 2012 3:45pm Jan 23, 2012 3:45pm
PHx62, A true Craftsman at work!!
  • #3,051
  • Jan 23, 2012 3:51pm Jan 23, 2012 3:51pm
Quoting Phx62
Traded the EU H1 following London Open. Watched PA move down and set what turned out to be the low of the London session, then waited for a break of the Asian session high before entering a long trade. If the first candle had continued down and the TDI had crossed down, I would have entered a short order. The TDI green was already crossed up over the red line and was about to cross up over the yellow line. A very nice 9 blue candles move up of about 170 pips for the session. I was able to capture 118 of those pips after PA set a new high and then...
LIKE
  • #3,052
  • Jan 23, 2012 5:28pm Jan 23, 2012 5:28pm
Quoting Phx62
Traded the EU H1 following London Open. Watched PA move down and set what turned out to be the low of the London session, then waited for a break of the Asian session high before entering a long trade. If the first candle had continued down and the TDI had crossed down, I would have entered a short order. The TDI green was already crossed up over the red line and was about to cross up over the yellow line. A very nice 9 blue candles move up of about 170 pips for the session. I was able to capture 118 of those pips after PA set a new high and then...
Phx62,

You seem to be awesome at catching the big moves when they occur. what clues you in on whether to trail or take 50 pips or less and get out.

Thanks!
  • #3,053
  • Jan 23, 2012 6:10pm Jan 23, 2012 6:10pm
Quoting msc400
+ 30 or so pips in profit. took profits on half of position and raised the stop loss on the other half from 1.0165 to 1.0100 to ensure a gain.
Closed position at the end of the day for about a total of 40pips. missed out an additional 20-30 pips cause I was away...

Phx62 very nice trade. Your charts are super helpful
  • #3,054
  • Jan 23, 2012 6:53pm Jan 23, 2012 6:53pm
Quoting hale-mary
Phx62,

You seem to be awesome at catching the big moves when they occur. what clues you in on whether to trail or take 50 pips or less and get out.

Thanks!
Experience mostly, from many hours of watching PA and becoming familiar with how the EU price moves.....I closely monitor how quickly PA is moving in my direction. If I am up 35 or 40 pips and price is moving quickly, I will usually move my TP from 50 to 100 and continue to monitor. If price is moving slowly, I will usually just take the +50. If price stalls or reverses 20 to 25 pips, I will usually exit. If PA is still moving strongly as it gets closer to the 100 TP, I sometimes remove my TP completely and let the EA take me out as price reverses and hits the trailing SL (5 pips below the previous candle). This morning's trade, I just closed manually once price pulled back from the high of the day and that blue candle closed lower than the open of that candle. Once the next candle turned red, I closed the trade.
  • #3,055
  • Jan 23, 2012 8:42pm Jan 23, 2012 8:42pm
Quoting Phx62
Traded the EU H1 following London Open. Watched PA move down and set what turned out to be the low of the London session, then waited for a break of the Asian session high before entering a long trade. If the first candle had continued down and the TDI had crossed down, I would have entered a short order. The TDI green was already crossed up over the red line and was about to cross up over the yellow line. A very nice 9 blue candles move up of about 170 pips for the session. I was able to capture 118 of those pips after PA set a new high and then...
Congrats Phx62!
thanks for sharing this super trade... awesome RR, I think it's a 1:4 trade.
You are very good at reading the APB and PA. This combination is an edge over many others. I am struggling with this for sometime now.
I think this trade should go into the textbook for Advance Synergy.
For those who missed this setup, here another way is to see the PAC from the textbook.

Good Trading Days ahead!
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,056
  • Edited 10:30pm Jan 23, 2012 10:28pm | Edited 10:30pm
4H
With the E Y at the top of the channel and obviously above the EMA am I able to take a sell trade. I'm suddenly confused on what we can do at the top of the channel..

Or, am I confusing myself ? (not hard to do)

Can't spell advice/advise..
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  • #3,057
  • Jan 24, 2012 12:34am Jan 24, 2012 12:34am
Chuckisback, Looking at 4 Hr what do you see, Top Of Channel, in fact double top Scenario, but has the 4 hr Candle completed to RED Candle? Theres even Divergence on TDI. All looks great right. Everthing perfect except 60 MA underneath and no TDI Piercing of Outer Band. So if you did get in, you know there is possible Resistance at 60 MA ok. Decisions, Decisions. Have I followed X-Mans Rules. If you got in and it failed would you blame the Method or your decision making. Oh damn, I didnt look at Daily you might say. These are all things you weigh up BEFORE you make the Decision and you have to consider Lot Size and Stop Calculations. Why didnt I wait for A grade Trade to unfold you might now be thinking, what does YOUR trading Plan say.
Daily seems to be setting up nicely and with 4 hr Confirmation you may have a high Probability Trade when you get Confirmation. Or you take it now if 4hr candle turns Red. It all comes down to your risk Profile and did I follow the Rules. And by the way at the moment Daily is up. Hope this helps.
Steve


9 Years and Still Learning
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  • #3,058
  • Jan 24, 2012 12:48am Jan 24, 2012 12:48am
Quoting Steve 56
Chuckisback, Looking at 4 Hr what do you see, Top Of Channel, in fact double top Scenario, but has the 4 hr Candle completed to RED Candle? Theres even Divergence on TDI. All looks great right. Everthing perfect except 60 MA underneath and no TDI Piercing of Outer Band. So if you did get in, you know there is possible Resistance at 60 MA ok. Decisions, Decisions. Have I followed X-Mans Rules. If you got in and it failed would you blame the Method or your decision making. Oh damn, I didnt look at Daily you might say. These are all things you weigh...
Much appreciated Steve for your explanation. I must admit the divergence did (at the time) look interesting.
Thanks again
  • #3,059
  • Jan 24, 2012 2:23am Jan 24, 2012 2:23am
I've taken this trade on the Euro. I'm in demo but would like to know if anyone agrees with it or not
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  • #3,060
  • Jan 24, 2012 2:33am Jan 24, 2012 2:33am
Chucky:

I traded the trade, but I have already whipsawed out when I saw the position go too far against me, but this is the way I trade. I will take say three or four whipsaws losing no more than 15 pips max (sometimes break even often less than 15 pip loss) and catch the 50 to 60 pip movement. I also trade the 15M, but it was the Hourly that you are showing that drew me in as an aggressive entry. At this minute price keeps moving up and down with no real direction so I am waiting for a conservative signal.
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