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  • #3,841
  • Feb 6, 2012 6:27am Feb 6, 2012 6:27am
Quoting Vnfx
The synergy APB have just bounced back from the barry support and changed color from red to blue, plus TDI crossed, is time for long now?
Hi Vnfx,

do you have your setup conditions clearly written down? are you convinced that all the conditions are met?

TDI cross is not confrim until this H1 candle close. But this alone does not complete setup.

Price just bounce for a strong support which I highlited last week. 1.3045 a historical support. Check H4!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,842
  • Edited 6:48am Feb 6, 2012 6:34am | Edited 6:48am
Quoting j4d
Wow.......Thats a powerful statement.....

Sanquir,
You say that William Eckhardt states that systems like this would never work. Is that the same William Eckhardt who had a bet with Ron Dennis that the turtle experiment would never work.......?

you mention that this is a perfect example of a black box system,
Sorry, I don't see that ...
the susessful coded black box algorithmic systems are continually being tested and adjusted to fit with the current market enviroment.

This is a discretionary System that is advised by the use...
william eckhardt is one of the most successful traders...


You could absolutely trade this system on any time frame 1min to 1 month,

This is why most EA's fail. its very difficult to automate human emotion..

It is common knolwedge that most traders fail because of over trading, not cherry picking the better trades



do you have any research to backup the rest of the highlighted statements or did u read them in a book....
  • #3,843
  • Feb 6, 2012 6:42am Feb 6, 2012 6:42am
Quoting Sanquir
william eckhardt is one of the most successful traders...


You could absolutely trade this system on any time frame 1min to 1 month,

This is why most EA's fail. its very difficult to automate human emotion..

It is common knolwedge that most traders fail because of over trading, not cherry picking the better trades



do you any research to backup the rest of the highlighted statements or did u read them in a book....
Sanquir,

You are digging yourself a very deep hole, at some point you are going to need a ladder to get out.

Problem is, know one here is going to get it for you.......
Memories caught in time but never forgotten
  • #3,844
  • Feb 6, 2012 6:50am Feb 6, 2012 6:50am
Quoting j4d
Sanquir,

You are digging yourself a very deep hole, at some point you are going to need a ladder to get out.

Problem is, know one here is going to get it for you.......


Thats right j4d..............we only buy wheelbarrows
  • #3,845
  • Feb 6, 2012 6:52am Feb 6, 2012 6:52am
Quoting j4d
Sanquir,

You are digging yourself a very deep hole, at some point you are going to need a ladder to get out.

Problem is, know one here is going to get it for you.......
Personally, i think if u r banking on ladders from other people to get u out of tight spots all the time , then u r probably in the wrong business ......good luck buddy

anyways back on the topic ...so how did u arrive at those conclusions....
  • #3,846
  • Feb 6, 2012 6:52am Feb 6, 2012 6:52am
Quoting Greenlake
Thats right j4d..............we only buy wheelbarrows
  • #3,847
  • Feb 6, 2012 6:52am Feb 6, 2012 6:52am
Quote
TDI must be in 12
to 2 O’clock for long or 6 to 4 O’clock for short when crossing
the red TDI line.

I dont understnd the abv statement.. X-MAn plz clearly explain in a simple way.
  • #3,848
  • Feb 6, 2012 6:52am Feb 6, 2012 6:52am
Quoting Greenlake
Thats right j4d..............we only buy wheelbarrows
LOL............LOL
Memories caught in time but never forgotten
  • #3,849
  • Feb 6, 2012 7:38am Feb 6, 2012 7:38am
Quoting Sanquir
Personally, i think if u r banking on ladders from other people to get u out of tight spots all the time , then u r probably in the wrong business ......good luck buddy

anyways back on the topic ...so how did u arrive at those conclusions....
If you are not getting good results using this system while others are getting great results, then the problem is you. If the problem is you and you are unwilling to change, why are you trying to sabotage others results or those who are willing to change and learn? All you have done since you started posting on this thread is try to tear it down with mere opinions of other "giants in the field." Yet you present no evidence to support your claims that this system is flawed. On the other hand many others have manually backtested and proved (to themselves) that this system does work. So here's my opinion: Perhaps you should put your efforts into finding a system that might work for you instead of attempting to ruin our efforts on learning and refining the system that works for us.

Sincerely,

LazyLobster
"IN CASH WE TRUST"
  • #3,850
  • Feb 6, 2012 8:54am Feb 6, 2012 8:54am
Sanquir,
I was waiting for the "Greeks" to get the market (currently sitting on its bottom, one bottom, two cheeks) moving, and lo behold what turns up. Your post.
http://www.forexfactory.com/images/icons/icon5.gif
Are you here to learn, teach,or contribute experience (we have plenty of inexperienced people, who know they don't know and want to know. You can join the crowd).
There are experienced people here who are devoting/donating their time, knowledge and expertise. If you have that, then contribute something meaningful.(Regurgitation of books etc. is not contributing. Distracting from the primary purpose of this thread, it is.)

This is Xman's thread. It discusses his approach to extract money from the forex market and all the ancillary means he uses to accomplish that. Don't detract from it. Don't knock it before you try it.(Same line of reasoning you suggested about have i tried other systems in different time frames.)If you get something worthwhile, then take advantage of it. If not, opt out. People on this thread go way out of their way to help in whatever capacity they can.

Members here are quite capable of judging if this is worth their while or not. This applies to your posts also.

If you are trying to engage to learn, then respect and follow the thread credo (unstated, but obvious). If the intent is "moi", what you have read, know or wish to put up for discussion, then this is not the place. Many threads on FF have been disrupted by such posts. Exercising your freedom to post, to the detriment of others, is never received kindly, even by decent folks and speaks volumes about you (?need for attention vs. what helps others, while helping yourself.)

Use PM or email etc and you can find (or not) souls who may want to share your journey. This is not a chat room or an arena for verbal jousting. Unfortunately, Silence/ Ignore is usually the end result.

"Conclusions" about you are already being made based on your posts. Studies are not needed to draw conclusions. We act on many things in life without scrutinizing them with double blind, cross over studies.

Your current approach is abrasive, without being instructive or productive.(Intentional provacation??!!)

It is good that you are reading books. There are many people who know a lot about trading, yet cannot make a dime.( they also have time on their hands.)Yet there are many who don't know books by XYand Z, yet draw money out of forex daily. I think we have a spectrum of that on this thread. Learn from them.( You know, A man who knows all about sailing and has never been to sea vs. who has been at sea and never read about it. Who would you want if you are nagvigating the rough seas of forex. A little bit of both would be good.)

this system is presented on the first page. Go ahead and test it (backtest and forward walk it.) If it works, use it. If not, move on. There are many more Myths that need to be "busted" out there. You could give some of them a whack on my behalf.

Any further non S3 discussion should be outside this thread.

good luck.
http://www.forexfactory.com/images/icons/icon12.gif
Fullpip

Could failure in life be related to not backtesting it before being born? "Myth or not"

XMan: My apologies for this non S3 related post. Negativity is never productive.
  • #3,851
  • Feb 6, 2012 8:55am Feb 6, 2012 8:55am
These type of days are the kind of days I dread as I suffer mega losses from these and it seems like i have no clue what I am doing.

3 trades took places today with i still running (although I dont have too much faith in it)

SL on all trades is 50 pips.

trade 1- I entered on the break of the support level at 1.3054 and had a target for 1.3000. Entry candle is shown by the red arrow. I held on at the next red candle. When the first blue candle formed I was watching it as price did not seem to want to go down so I exited the trade when it came back to the entry point.

Trade 2- I went long on the second blue candle as the TDI crossed up and it went above the high of the previous blue candle. SL and TP are still 50 pips. When the next red candle formed, I watched closely as soon as it broke the support area I exited.

This is the problem I have with filtering out TDI crosses. Now, i Can tell that those candles may have been a pullback into the trend not a reversal. How do I distinguish the crosses in this type of senario. I am horrible at identifying pullbacks vs the reversal and usually (through backtesting) found I get killed. When I think I am in a trend...its not. When I think we are ranging...its not.

Trade 3- As soon as price broke the low I entered. On the open of the next candle the TDI crossed down and now it seems like it is going up. I might attempt to go long on the open of the next candle.
Attached Image (click to enlarge)
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  • #3,852
  • Feb 6, 2012 8:58am Feb 6, 2012 8:58am
200 ema on the four hour is the problem just now. Will we break it or bounce off it?

Graham
  • #3,853
  • Feb 6, 2012 9:05am Feb 6, 2012 9:05am
Sanquir
Quote
I have been working with a team of 5 people for the last 3 years trading forex....try running this strategy on 5 years of data....u will be surprised how remarkably it fails...

I do believe that everyone is entitled to their opinion.

The only fact is that a trader either believes in a system or does not and takes trades based on this belief or does not. Each trader will develop this belief individually and therefore will have individual results. A blanket statement that this system will fail is similar to saying we all look alike.

This system, like all systems, makes certain assumptions using a specific set of tools. How those tools are implemented is unique to each trader using them. Perhaps the way you have implemented the tools proves failure, however the same tools applied differently may provide positive results.

Such are the pitfalls or advantages of systems based trading . . . depending on one’s opinion.

dcginc

PS – I looked into the “system” of NickB. and my opinion is there is a lot of profit left on the table by using a 1:1 risk profile with 50 pips on a 4Hr chart. But if people are making money – fantastic!
  • #3,854
  • Feb 6, 2012 9:09am Feb 6, 2012 9:09am
Quoting Fullpip
Hi Xman, Phx62, Emmanuel
EU went long +3pips, then short BE on LO open. Not much PA so got out and am waiting for a breach of 1.3010-20, probably NY open +2-3 hrs. I am in a longer timeframe short.

do you use any time stops if a trade(H1) does not go anywhere in a certain amount of time. ? your parameters.

Taking a short below long wick blue (x man) and open of 2nd red candle by Phx62 (setup and signal candles) should pan out, but how long do you wait?

News on forexlive( not PA guys)"
Reports have sell stops through 1.3050. Buy orders...
I would say around 4 to 5 hours if PA still is coming back to your entery point or has no momentum then it will rather be better to exit the trade.
As you can see today PA didnt move much from the LO. i had my trade running for about 5 hours and decided to close it on the previous candle for -10 pips.
X-man the legendary conqueror of markets
  • #3,855
  • Feb 6, 2012 9:18am Feb 6, 2012 9:18am
Hi, I currently long au, gu and nu

Let's see....
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Click to Enlarge Name: nu.JPG Size: 83 KB
  • #3,856
  • Feb 6, 2012 9:27am Feb 6, 2012 9:27am
Fullpip
Quote
do you use any time stops if a trade(H1) does not go anywhere in a certain amount of time. ? your parameters.

X-Man
Quote
would say around 4 to 5 hours if PA still is coming back to your entery point or has no momentum then it will rather be better to exit the trade.
As you can see today PA didnt move much from the LO. i had my trade running for about 5 hours and decided to close it on the previous candle for -10 pips.

This is good advice. I use a "stagnation filter" in the same way - that is to say if the market does not move a specific distance in a specific amount of time, I walk away from my charts. I do not close an open position, rather I do not enter any new trades until a clear impulse move or trend change has occured. This can save countless hours of staring at inactivity as well as the urge to force a trade when one does not exist.

Just something to think about.

All the best.

dcginc.
  • #3,857
  • Feb 6, 2012 10:01am Feb 6, 2012 10:01am
Well after 7 hours or so my H1 long has turned into a Daily long but looking much better than earlier and i am confident that i will come out of this with a profit, therefore i am staying in.
I am also scalping the up and down movement +40 ATM.

Good Luck
  • #3,858
  • Feb 6, 2012 10:18am Feb 6, 2012 10:18am
Whoa!
We've been stuck in a tight 50 pips range for almost all day long and just as london closes... BAM! A 100 pips candle skyrocketing!
Isn't this crazy?
  • #3,859
  • Feb 6, 2012 10:19am Feb 6, 2012 10:19am
Quoting cajun
Well after 7 hours or so my H1 long has turned into a Daily long but looking much better than earlier and i am confident that i will come out of this with a profit, therefore i am staying in.
I am also scalping the up and down movement +40 ATM.

Good Luck
Update: My theory of giving enough room for the trades to breath has paid off this morning, after about 8 hours just closed my long for +25 and added another +25 to the 40 above on scalping, +90 for today, i'm done.
  • #3,860
  • Edited 11:14am Feb 6, 2012 10:24am | Edited 11:14am
Quoting Fullpip
Sanquir,
I was waiting for the "Greeks" to get the market (currently sitting on its bottom, one bottom, two cheeks) moving, and lo behold what turns up. Your post.
http://www.forexfactory.com/images/icons/icon5.gif
Are you here to learn, teach,or contribute experience (we have plenty of inexperienced people, who know they don't know and want to know. You can join the crowd).
There are experienced people here who are devoting/donating their time, knowledge and expertise. If you have that, then contribute something meaningful.(Regurgitation...
lets gt straight to the point...I m trying to help u guys in making u aware of the possible fallacies of Xmans approach....one should be always open to constructive criticism to ones methods...

you are still failing to address the core problem...but i guess u do not care to find about the real reason why something is working as long as it is working...i have made that mistake countless times....

if u just want to know....this method will not work in a choppy market(today is a nice hint)...i dont want to indulge in any further arguments if u r not willing to remain on topic.

good luck...
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