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  • #5,201
  • Feb 22, 2012 2:07am Feb 22, 2012 2:07am
Quoting Con
attention is all at G/U
yea . i also too focus on e/u and didnt notice that g/u break yesterday low until i saw it already running down for 50 pips lol.

@grechmar: candle 2 is LO . so when you open its on candle 2. but i got it wrong thinking that candle 1 is pullback candle.
  • #5,202
  • Feb 22, 2012 2:10am Feb 22, 2012 2:10am
Quoting X-Man
Candle 1 is not a pullback candle - its just a normal candle
...
the reason why i would trade this is becuase is confirms my analysis of the bearish divergance , TDI cross down and below the MBL
Hi X-Man,

I agree with you, I was also short, but do not understand that bearish divergence talk, I do not see, please show the chart to see how I'm wrong?

Thank you very much.
Enter Signature
  • #5,203
  • Feb 22, 2012 2:14am Feb 22, 2012 2:14am
I came across this interesting PDF this morning which is based on 4 year backtesting for EMA,SMA,Stochastic and RSI indcators. Gives a good breakdown of results on every timeframe.
One of the problems i always had was determining the best settings for the indicators i use, therefore any comments especially on EMA and SMA would be helpful. I trade mostly the H1 and when i am scalping i trade M15 but i am using the same settings on both timeframes which i think could be wrong. Any help with these settings on both timeframes would be appreciated.

Good Luck
Attached File(s)
File Type: pdf SF-report.pdf   737 KB | 774 downloads
  • #5,204
  • Feb 22, 2012 2:14am Feb 22, 2012 2:14am
Quoting vcary
Please X-Man, can you show the divergence in the chart? I fail to see it
Thank you
Best regards
vcary
here. see the 2 vertical lines + TDI + stoch in my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.jpg Size: 225 KB
  • #5,205
  • Feb 22, 2012 2:18am Feb 22, 2012 2:18am
Quoting maudur
Hi X-Man,

I agree with you, I was also short, but do not understand that bearish divergence talk, I do not see, please show the chart to see how I'm wrong?

Thank you very much.
hey maudur. can you explain me why you were going short?
why didnt you enter long on third candle? did you notice 2nd candle is a fake out?

i really want to understand the system and how trader thought in such a case. thank you
  • #5,206
  • Feb 22, 2012 2:29am Feb 22, 2012 2:29am
Quoting ljin
hey maudur. can you explain me why you were going short?
why didnt you enter long on third candle? did you notice 2nd candle is a fake out?

i really want to understand the system and how trader thought in such a case. thank you
That bearish divergence in TDI indicates a potential fall in PA, why would you want to long there?
  • #5,207
  • Feb 22, 2012 2:43am Feb 22, 2012 2:43am
i enter short and end of LO candle and close it with 15 pip loss
  • #5,208
  • Feb 22, 2012 2:43am Feb 22, 2012 2:43am
Quoting grechmar
But according to the system, there s no trading in asian session or am i mixing times?
thats correct. Only trading in the London session
X-man the legendary conqueror of markets
  • #5,209
  • Feb 22, 2012 2:47am Feb 22, 2012 2:47am
Quoting ljin
sorry, but what is MBL?

you said candle 1 is not a pullback candle. is it because it has lower long wick?

why did you say candle 2 is a slight pullback candle? candle 2 and candle 3 is very much the same for me, the only different i notice is the body size. 2nd candle is smaller. is it because of this?

oh and 1 more thing. is it a pullback candle at LO today? i take short at the next pullback candle. TDI also cross and have a good angle. a good entry i thought. its been nearly an hour and still struggling close to low channel and now, it starting...
MBL - market base line. its the yellow line on the TDI.
When a candle just changes direction it does not mean its a pullback candle.

Todays candle at LO is not a pullback candle.

A pullback candle will stick out like a sore thumb. You will notice the wick is longer than anything else. It stands out from the rest of the candles.

Just remember PA will create an extra long wick then reverse. this to some traders is stop hunting
X-man the legendary conqueror of markets
  • #5,210
  • Feb 22, 2012 2:48am Feb 22, 2012 2:48am
Quoting ljin
here. see the 2 vertical lines + TDI + stoch in my chart.
Thank you very much, ljin!

Regards
vcary
  • #5,211
  • Feb 22, 2012 2:49am Feb 22, 2012 2:49am
Quoting vcary
Please X-Man, can you show the divergence in the chart? I fail to see it
Thank you
Best regards
vcary
I posted the divergance chart yesterday at the open of London
X-man the legendary conqueror of markets
  • #5,212
  • Feb 22, 2012 2:58am Feb 22, 2012 2:58am
Quoting cajun
I came across this interesting PDF this morning which is based on 4 year backtesting for EMA,SMA,Stochastic and RSI indcators. Gives a good breakdown of results on every timeframe.
One of the problems i always had was determining the best settings for the indicators i use, therefore any comments especially on EMA and SMA would be helpful. I trade mostly the H1 and when i am scalping i trade M15 but i am using the same settings on both timeframes which i think could be wrong. Any help with these settings on both timeframes would be appreciated....
This looks like another one of those forex scam websites...
  • #5,213
  • Feb 22, 2012 3:01am Feb 22, 2012 3:01am
Cajun,

I thought the report by SF was interesting, that's for posting it!

snarlyjack
  • #5,214
  • Feb 22, 2012 3:03am Feb 22, 2012 3:03am
Folks,

I am trading with CMC Markets and using eSignal for my market feed (and because the charting on CMC is so awful).

Could someone please tell me how I convert the MT4 signals that you guys are using into an eSignal equivalent?

Much obliged.
  • #5,215
  • Feb 22, 2012 3:06am Feb 22, 2012 3:06am
Quoting X-Man
MBL - market base line. its the yellow line on the TDI.
When a candle just changes direction it does not mean its a pullback candle.

Todays candle at LO is not a pullback candle.

A pullback candle will stick out like a sore thumb. You will notice the wick is longer than anything else. It stands out from the rest of the candles.

Just remember PA will create an extra long wick then reverse. this to some traders is stop hunting
i remembered finding your post that marking the pullback candle. i need to search that again xD.

and btw. even though that its not pullback candle on LO. is not that still a good entry? price close below the ma, TDI cross and with good angle too, the only problem probably it is too close to low channel.( but i thought you said PA is king and you didnt bother about the channel. i might be wrong though)
  • #5,216
  • Feb 22, 2012 3:09am Feb 22, 2012 3:09am
Quoting jasonnevis
This looks like another one of those forex scam websites...
Don't know if it is or not, i just thought it was good info for FREE.
  • #5,217
  • Feb 22, 2012 3:21am Feb 22, 2012 3:21am
Quoting X-Man
I posted the divergance chart yesterday at the open of London
thank you, X-Man!
  • #5,218
  • Feb 22, 2012 3:22am Feb 22, 2012 3:22am
It's been a while since anybody posted this link so here it is: http://www.compassfx.com/synergy/commentary.htm

This link will take you to a page full of informative videos about trading in general and will also help you understand X-Mans beginnings and refinements of his trading style using some of the same indicators as this gentleman. I post this to help traders in general with general help topics on trading. I know that many of us already know of this website but some of the newbies might benefit. Good luck.

Maudur: There is a section on divergence that may help you.
"IN CASH WE TRUST"
  • #5,219
  • Edited 3:41am Feb 22, 2012 3:33am | Edited 3:41am
:-~ . i still can't differentiate between pullback candle and candle that change direction.
i thought that pullback candle is that will form a high then reverse then close below the open of the candle if the prev candle are bullish. then the other around if the prev candle are bearish.
reverse mean change direction right? or am i missing something important here? my head feels like it would explode soon lol xD.

it is just my guess . but is the wick should longer than any of other wick candle? so if prev candle is bullish, the wick should go higher than prev bar hi. and if prev candle are bearish, the wick should go lower than prev bar low?
or if the bar looks like a doji ?
  • #5,220
  • Feb 22, 2012 3:51am Feb 22, 2012 3:51am
If you look at H1 TDI you'll see that PA has no momentum nor direction of any kind. Chart is perfectly flat.
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