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  • #3,261
  • Jan 30, 2012 3:07am Jan 30, 2012 3:07am
Quoting Quezoy
I ask because we seek a breakout when London starts. This seems more uncertain when there was a if asian move.
Just asking how things were going in such a situation in the past.
Hi Quezoy,

What to do when LO depends on :

1) if you are already in a trade like AmaNZ, he has to manage his trade and get maximum profit.

2) if you are looking for a breakout when LO, it going to be rare.

3) A continuation trade setup is what I prefer to look for.

4) A correction / reversal trade is likely but not my preference now. But I still wait for the market to show me the signal.

Mindful of the TDI divergance what Erebus given us.

For those trading with PAC, the breakout was 3 candles ago.

The key to this S3 system/method is ...
> Price Action >Momentum >Strength.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,262
  • Jan 30, 2012 3:09am Jan 30, 2012 3:09am
Tnx for the quick answers, guys
Thoughts are things
  • #3,263
  • Jan 30, 2012 3:13am Jan 30, 2012 3:13am
Quoting Awin
Sorry mate, I'm not really into FB, but uh, how to join your FB group? Thanks...

You have to be a memeber of FB to join the groups etc
X-man the legendary conqueror of markets
  • #3,264
  • Jan 30, 2012 3:20am Jan 30, 2012 3:20am
Now he's broke, so? What's more, keep... There's just more to reach the target 40pips ADR's. After the 70% target to run smoothly, you want to go there? Me, I'll continue but continue to be careful.
  • #3,265
  • Jan 30, 2012 3:27am Jan 30, 2012 3:27am
just be patient an watch if it will break below 1.3130.
if it does and continue downwards would be great for the rest for this week.
Question is how would you manage such a trade?

Maybe AmaNZ you can share with us how you will maximise profit in this run downwards?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,266
  • Jan 30, 2012 3:28am Jan 30, 2012 3:28am
Grateful if you could advise
Attached Image (click to enlarge)
Click to Enlarge Name: AUDYEN 30-01-2012 8-22-46 PM.jpg Size: 206 KB
  • #3,267
  • Jan 30, 2012 3:36am Jan 30, 2012 3:36am
Just an idea...

EUR/GBP reached resistance on 4H.
If we go then to 1H we see, we could go down if price breaches daily pivot.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 186 KB
Click to Enlarge Name: 2.jpg Size: 174 KB
Thoughts are things
  • #3,268
  • Jan 30, 2012 3:38am Jan 30, 2012 3:38am
Quoting Chuckyisback
Grateful if you could advise
Be careful as PA just bounced off the shi channel so there is high possibility that PA will cross over the EMA and start a downtrend.
X-man the legendary conqueror of markets
  • #3,269
  • Jan 30, 2012 3:42am Jan 30, 2012 3:42am
Quoting emmanuel7788
just be patient an watch if it will break below 1.3130.
if it does and continue downwards would be great for the rest for this week.
Question is how would you manage such a trade?

Maybe AmaNZ you can share with us how you will maximise profit in this run downwards?

Session HiLo v3 for Euro HiLo Low I show that now is 1.3128. And I saw the template 4H, he indicated he would go down again. So, what we said wait a hour 5-7pm (Malaysia Time GMT +8), I think he'll go down again and reaches the target ADR Low. Another one, I also saw the MACD indicator (in the template Dinapoli 1H), he seemed to prove that line up would violate the middle line to fall to the bottom line. So, what's your thoughts? Hehehehe... Only two more hours of this, we would not be able to wait longer?
  • #3,270
  • Jan 30, 2012 3:47am Jan 30, 2012 3:47am
Quoting Chuckyisback
Grateful if you could advise

Chucky,
You are asking about AUDJPY.

If you are taking a trade on H4, the PAC breakout was last Friday. Quite late for an entry now unless there is good pullback to get a better price.
Weekly trend is UP, so I be more cautious taking a swing trade now.
Talk of BOJ intervention for 2-3 weeks now and nothing happen.
I rather stay on the buyer side.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,271
  • Jan 30, 2012 3:51am Jan 30, 2012 3:51am
Hello.

I'm a young trader, have not been having much success for the last year because i have been having problems deciding how to set stop loss or take profit. I lose my profits. I just dont know how much i should take.

eg: i opened a sell position : 1.31318 (30th january -today, few minutes ago) EURUSD

How should I determine my stop loss and take profit?
This is so frustrating. I hope someone could provide me with some advice. Thanks Happy pippin'
  • #3,272
  • Jan 30, 2012 3:52am Jan 30, 2012 3:52am
Morning Everyone, I can tell this is going to be a hard question to explain.

I spent last week backtesting a year of data, however unaware that synergy bars incorporate previous bars averages and do not display exact price movement. I got very accurate at predicting the upcoming synergy bars (strength and direction).

Question 1 - Is there a way i can use this to trade/ to my advantage, i.e i am looking for a correlation between synergy bars and normal candlesticks, such as when synergy bar shows this, candlestick shows this...

Question 2 - It has now confused me as to backtesting, i understand the entry signals, yet how would i measure my entry and exit points and the pip gain/loss attained, if the synergy bar open and close are not the true price movement highs and lows.

If anyone could help on either/both it would be much appreciated, i will return the favour whenever possible, Regards Rob
  • #3,273
  • Jan 30, 2012 3:55am Jan 30, 2012 3:55am
got 12 pips on eur/usd chart 5m waiting for another signal

does anyone here scalp?

http://clip2net.com/s/1xjsm

http://clip2net.com/s/1xjsm
Attached Image
  • #3,274
  • Jan 30, 2012 3:55am Jan 30, 2012 3:55am
Is the NY market open later, the trend will continue to fall? I hope the ADR Low target is reached before the NY open, can rest early trading or later... But it feels like a target that can only be achieved when the NY open later...
  • #3,275
  • Jan 30, 2012 3:59am Jan 30, 2012 3:59am
Quoting guilhermealb
got 12 pips on eur/usd chart 5m waiting for another signal

does anyone here scalp?

http://clip2net.com/s/1xjsm

http://clip2net.com/s/1xjsm
Here is a crazy system if you dare to TRY... Check this link...
http://www.forexfactory.com/showthre...48#post5275248 post #3937
  • #3,276
  • Jan 30, 2012 4:07am Jan 30, 2012 4:07am
Quoting AmaNZ
Session HiLo v3 for Euro HiLo Low I show that now is 1.3128. And I saw the template 4H, he indicated he would go down again. So, what we said wait a hour 5-7pm (Malaysia Time GMT +8), I think he'll go down again and reaches the target ADR Low. Another one, I also saw the MACD indicator (in the template Dinapoli 1H), he seemed to prove that line up would violate the middle line to fall to the bottom line. So, what's your thoughts? Hehehehe... Only two more hours of this, we would not be able to wait longer?
Hi AmaNZ,

target today ADR low is good. Just need to manage your stops.
The Dinapoli stuff ... I never trade them in they way he taught. In trending conditions all these displaced ma lines looks nice in hindsight.

Now looking at D1 if there will be a reversal setup. Still too early to tell now, maybe tomorrow would be clearer.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,277
  • Jan 30, 2012 4:18am Jan 30, 2012 4:18am
Quoting emmanuel7788
Hi AmaNZ,

target today ADR low is good. Just need to manage your stops.
The Dinapoli stuff ... I never trade them in they way he taught. In trending conditions all these displaced ma lines looks nice in hindsight.

Now looking at D1 if there will be a reversal setup. Still too early to tell now, maybe tomorrow would be clearer.
What indy would show the ADR low?
  • #3,278
  • Jan 30, 2012 4:20am Jan 30, 2012 4:20am
Quoting hale-mary
What indy would show the ADR low?
http://www.forexfactory.com/showthre...27972&page=215
post #3225
  • #3,279
  • Jan 30, 2012 4:24am Jan 30, 2012 4:24am
Quoting emmanuel7788
Hi AmaNZ,

target today ADR low is good. Just need to manage your stops.
The Dinapoli stuff ... I never trade them in they way he taught. In trending conditions all these displaced ma lines looks nice in hindsight.

Now looking at D1 if there will be a reversal setup. Still too early to tell now, maybe tomorrow would be clearer.

I was impressed also with the MACD indicator, two different templates for 1H timeframe, sometimes help also adds confidence in my trading as well as other support, especially as discussed in forums like this. Let us help each other, OK...
  • #3,280
  • Jan 30, 2012 4:24am Jan 30, 2012 4:24am
Quoting hale-mary
What indy would show the ADR low?
http://www.forexfactory.com/showthre...89#post5334089
Thoughts are things
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