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  • #3,501
  • Feb 1, 2012 7:00am Feb 1, 2012 7:00am
Quoting ian52
i losing the trade for the latest pullback candle, i still confuse the entry rules?
can someone help me
Hey Buddy.
There was slight pullbacks but as you can see the synergy bar bodies are larger than the wicks. You have to wait for those long wicks (wick longer than body to trade it)
If the bodies are still bigger than wicks then wait more to see what happens.

Dont rush into trades, let the trade come to you.
We are not looking to get every single pip in the market.
Thats why we take certain areas into consideration like S&R.

Now if you look at PA you will notice its touching a resistance point which Emmauel has mention.
We just have to be patient.
We must be ready for the market to go in any direction no matter how much we analyze the charts
X-man the legendary conqueror of markets
  • #3,502
  • Feb 1, 2012 7:05am Feb 1, 2012 7:05am
i entry @ short after the pullback candle, pls correct me, thanks
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  • #3,503
  • Feb 1, 2012 7:08am Feb 1, 2012 7:08am
The yellow ema is pointing upwards and TDI not in an overbought area are the first things I notice.

Also the candle you point out is blue and not red

No TDI cross, green crossing red from above.

For a good short example you can see the setup from yesterday afternoon on your own screenshot.
  • #3,504
  • Feb 1, 2012 7:12am Feb 1, 2012 7:12am
Quoting ian52
i entry @ short after the pullback candle, pls correct me, thanks
Yes i understand what you looking at but the ideal pullback are those candles with extra long wicks and small bodies.
Even if that did pullback then see that next candle should show a stronger move down but as you can see the pullbacks are very slight with small wicks and big bodies
X-man the legendary conqueror of markets
  • #3,505
  • Feb 1, 2012 7:33am Feb 1, 2012 7:33am
entry rules
1.You will enter at the open of the candle straight after the signal candle ( the pull back candle) The opening of the next signal.

that mean no matter bearish pullback candle or bullish pullback candle, we only refer the candle wick(+tdi cross) to decide buy or sell ,right?

another question is about the size of wick candle, if body candle 10, wick candle 11, is that tis assume as longer than body?
  • #3,506
  • Feb 1, 2012 8:04am Feb 1, 2012 8:04am
Quoting X-Man
Yes those lines are drawn automatically. Its the SHI channel indi. i'll attach it this post for you.
I set it to daily so then i view the daily channel in the 4H chart
@X-man: How do you set it to daily? I changed Allbars from 240 to 1440, but nothing changed in the charts.

I am seeing the 4h channel on the 4h chart and the daily on the daily charts, but I would like to see the daily channel on the 4h chart.
  • #3,507
  • Feb 1, 2012 8:11am Feb 1, 2012 8:11am
Quoting ian52
entry rules
1. You will enter at the open of the candle straight after the signal candle ( the pull back candle) The opening of the next signal.

that mean no matter bearish pullback candle or bullish pullback candle, we only refer the candle wick(+tdi cross) to decide buy or sell ,right?

another question is about the size of wick candle, if body candle 10, wick candle 11, is that tis assume as longer than body?
Yes you are right.
Well if body 10 and wick 11 i would also confirm that with other factors like in which direction am i trading in.
Its good to have a look at the bigger picture.
Zoom out every now and then to view whats happening overall in the markets. this way you will have a clearly pict of S&R levels , Higher lows , lower highs etc.

Look at my chart see that i connected the highs previously and look at what the market today did it went up to that trend line. So here we can wait for a bounce or a break.
So you see thats how we keep analyzing and trade what we see
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X-man the legendary conqueror of markets
  • #3,508
  • Feb 1, 2012 8:27am Feb 1, 2012 8:27am
market now paralyzed., without signal
  • #3,509
  • Feb 1, 2012 8:37am Feb 1, 2012 8:37am
Quoting Liberum
@X-man: How do you set it to daily? I changed Allbars from 240 to 1440, but nothing changed in the charts.

I am seeing the 4h channel on the 4h chart and the daily on the daily charts, but I would like to see the daily channel on the 4h chart.
When you load the channel then you go to the settings.
you click on the visualization tab and check the daily box

Thats it
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X-man the legendary conqueror of markets
  • #3,510
  • Feb 1, 2012 8:43am Feb 1, 2012 8:43am
I made 130 pips and stil in a long ad 1.3167
thanx X-man
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Only Gold and silver
  • #3,511
  • Feb 1, 2012 8:43am Feb 1, 2012 8:43am
Nice move up from LO with the help of some news. TDI crossed at the open of the first candle of the London session and the candle turned blue....waited for it to cross the 200 EMA and move higher than the last red candle, then entered.....there was some consolidation in the 2nd & 3rd hour....moved SL 5 pips behind previous candle each time.....if PA had reversed I would have still been taken out with a profit.....PA did not reverse....continued and hit my TP. +217 pips for the week on 4 trades, so far.
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  • #3,512
  • Feb 1, 2012 8:46am Feb 1, 2012 8:46am
Quoting X-Man
I agree since this is happening right at the 61.8% level showing that level did not break it could be the start of the 3rd leg of the 123 pattern
Hey X-man,
at your first trade today you had your fibb starting at the yesterdays high, thats what i also did for taking my profit
but why did you put your fibb level back for the anylisis? seems to me great what you did there, but i donīt understand, why didnīt you do this already at your first trading decision...
could you explain this ?
  • #3,513
  • Feb 1, 2012 9:20am Feb 1, 2012 9:20am
This is my trade from today. I entered after the price passed through the previous resistant level, but before that I waited the price to go a bit higher because I was afraid from bouncing back down from this level. When the price started to consolidate i moved my stop up and put it under the bottom of the consolidating candle. I am glad that the movement continued. When the price went near the previous high i closed the position about + 90 pips
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  • #3,514
  • Feb 1, 2012 9:25am Feb 1, 2012 9:25am
phx62,

looking at your chart I noticed a red moving average type line along the synergy bars...is there any significance to that for your decision making.

I made the same trade thanks to what you mentioned to pay attention to in another post. slowly getting better
  • #3,515
  • Feb 1, 2012 9:38am Feb 1, 2012 9:38am
Quoting Kayens-23
Hey X-man,
at your first trade today you had your fibb starting at the yesterdays high, thats what i also did for taking my profit
but why did you put your fibb level back for the anylisis? seems to me great what you did there, but i donīt understand, why didnīt you do this already at your first trading decision...
could you explain this ?
I dont understand what you trying to say, are you saying that why didnt i draw the fibb from the morning for the retracement?

I always draw the fibb its just that most of the time i dont show it on my charts and i dont keep it on my chart for too long. i like my charts to be as clear as possible.
Another reason is that i was looking more for a short rather than long today and then when i seen the bulls thats also when i took out my fibb to see where they will head to.
X-man the legendary conqueror of markets
  • #3,516
  • Feb 1, 2012 9:42am Feb 1, 2012 9:42am
I did go short on the open of current candle. I exited at BE looking for a better entry point and more confirmation for a short as the candles seem to be bullish
X-man the legendary conqueror of markets
  • #3,517
  • Feb 1, 2012 9:44am Feb 1, 2012 9:44am
Quoting X-Man
Hey Buddy.
There was slight pullbacks but as you can see the synergy bar bodies are larger than the wicks. You have to wait for those long wicks (wick longer than body to trade it)
If the bodies are still bigger than wicks then wait more to see what happens.

Dont rush into trades, let the trade come to you.
We are not looking to get every single pip in the market.
Thats why we take certain areas into consideration like S&R.

We must be ready for the market to go in any direction no matter how much we analyze the charts
...
I'm beginning to appreciate the APB Pullback candles and I'm determined to REALLY GET IT hence the method I devised to track the candles in real time; however I notice that some pullbacks only signal a rest and a continuation (consolidation /sideways moves) not a direction change like the second arrow in the screenshot.
Now my question is after closing your trade and you come across such a minor pullback candle with no TDI cross how do you trade?
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Let it turn and find your entry.
  • #3,518
  • Feb 1, 2012 9:56am Feb 1, 2012 9:56am
Quoting Intrepidpips
I'm beginning to appreciate the APB Pullback candles and I'm determined to REALLY GET IT hence the method I devised to track the candles in real time; however I notice that some pullbacks only signal a rest and a continuation (consolidation /sideways moves) not a direction change like the second arrow in the screenshot.
Now my question is after closing your trade and you come across such a minor pullback candle with no TDI cross how do you trade?
Green arrow 1, 2 and 4 are not pullback candles.

Green Arrow 3 is a pullback candle.

We have to first need to identify pullback candles

look at the pictures i posted. the wicks are nice and long then the trade went in the other direction
Attached Images
X-man the legendary conqueror of markets
  • #3,519
  • Feb 1, 2012 10:08am Feb 1, 2012 10:08am
That was a close one , i just managed to dodge a bullet LOL.

I'm out for today. see you guys tomorrow.
X-man the legendary conqueror of markets
  • #3,520
  • Feb 1, 2012 10:50am Feb 1, 2012 10:50am
Quoting hale-mary
phx62,

looking at your chart I noticed a red moving average type line along the synergy bars...is there any significance to that for your decision making.
I guess thats the 200 EMA.
Quite a lot people look at this MA and if it is signicantly breached it means a big trend change.
Thoughts are things
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