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  • #5,321
  • Feb 23, 2012 5:31am Feb 23, 2012 5:31am
Quoting X-Man
Gamekeeper

Another thing is that you have to have lots and lots of patience trading the 4H charts as PA sometimes dont move for hours and then towards the end of the candle momentum starts.

During the formtion the bulls and bears will have a tough fight but at the end one will try to over power the other
Yes, totally see what you mean.

For me i find it hard to enter confidentally sometimes when signals off different TFs seem to conflict so profoundly.
  • #5,322
  • Feb 23, 2012 5:33am Feb 23, 2012 5:33am
look like that resistant level I mention earlier might become support 1.3292
  • #5,323
  • Feb 23, 2012 5:45am Feb 23, 2012 5:45am
Quoting X-Man
I just entered short on the 1H E/U.

when i take trades on the 4H charts i dont look at the 1H charts or any lower TF for that matter maybe now and then will give a glance at the daily chart to get an idea if i should cut the trade short or ride it for a longer period
Hi, there is no TDI cross yet , why you sell now ?
  • #5,324
  • Feb 23, 2012 5:45am Feb 23, 2012 5:45am
watch this video , its some analysis that dean malone made on the E/U http://www.compassfx.com/video/ip/22212/22212.html

He made some good pointers on what to expect

X-man the legendary conqueror of markets
  • #5,325
  • Feb 23, 2012 5:47am Feb 23, 2012 5:47am
Quoting X-Man
I just entered short on the 1H E/U.

when i take trades on the 4H charts i dont look at the 1H charts or any lower TF for that matter maybe now and then will give a glance at the daily chart to get an idea if i should cut the trade short or ride it for a longer period
I am confused why you enter short at EURUSD 4h

1. blue candle
2. TDI cross up
3. green and red above the yellow line
4. price above ma 60 and 200

so why short? just because it reached DR3?
  • #5,326
  • Feb 23, 2012 5:49am Feb 23, 2012 5:49am
Hi

I am new here, any one could share a back test template?
  • #5,327
  • Feb 23, 2012 5:50am Feb 23, 2012 5:50am
Quoting nnpra
Hi Emmanuel,

Just want to understand the S3 method better so please don't mind answering the following question.

Is this trade of yours (which turns out to be a very profitable one) a bit more aggressive than the normal S3 setup? You entered when there was a break, but that was 2 candles before LO.

Entering at LO would still be profitable in this case though. Anyway, I know seniors here always said PA is king and TDI cross is just a confirmation, but when there's no cross, I was hesitant, thus missing this trade...
Hi nnpra,

You are correct that I traded before the LO. Today is an exception because of the Day Inside Bar and H4 reversal setup.

I trade 24x5, and I look at my charts every 4-hours. My day starts when Sydney open. I will analyse what happened overnight in the US. I always look at H4 charts with server time GMT0.
I will follow AUDUSD and USDJPY in the Asian session, trade them according to my trade plan.

For EURUSD and GBPUSD, I will follow closely and when I see good H4 setups, I will trade and not wait for LO.

2 hours before DAX open, is when the Tokyo finish their sushi. This period will see some activity, .... like today. There was good H4 reversal setups on several USD pairs. That was a good sign and I posted that.

For me opening trades before LO has certain risks. Therefore, in trade management, I will partial exit and BE protect at 0.5R before LO. Otherwsie, usually I would scale-out at 1xR.

Statictically, 30pips wins in Asian session is not difficult on most days. You can do 5 trades in a week with win rate 65%. I use MPTM to manage these trades so it is easy and very little stress.

Hope this explain clearly.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,328
  • Feb 23, 2012 5:52am Feb 23, 2012 5:52am
Quoting migmac
I am confused why you enter short at EURUSD 4h

1. blue candle
2. TDI cross up
3. green and red above the yellow line
4. price above ma 60 and 200

so why short? just because it reached DR3?
went short on E/U 1H not 4H. read the post again and see what i typed
X-man the legendary conqueror of markets
  • #5,329
  • Feb 23, 2012 5:52am Feb 23, 2012 5:52am
Quoting X-Man
watch this video , its some analysis that dean malone made on the E/U http://www.compassfx.com/video/ip/22212/22212.html

He made some good pointers on what to expect

1.3300 is may-be good for buy to second push higher is US session
  • #5,330
  • Feb 23, 2012 5:56am Feb 23, 2012 5:56am
Quoting josh11
People struggling with APB please watch this video, should help you

http://www.youtube.com/watch?v=L7RgG3SZk-0
Thank you josh!

nice followup support on this subject. I begin to love this commumnity spirit even more.
Newbies, you wont regret being here and posting your qustions and trade charts.
We still have many non-members viewers on this thread. I think you all should signup at FF and join in this thread discussions.

Welcome all.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,331
  • Feb 23, 2012 5:58am Feb 23, 2012 5:58am
Quoting emmanuel7788
Thank you josh!

nice followup support on this subject. I begin to love this commumnity spirit even more.
Newbies, you wont regret being here and posting your qustions and trade charts.
We still have many non-members viewers on this thread. I think you all should signup at FF and join in this thread discussions.

Welcome all.
  • #5,332
  • Feb 23, 2012 6:05am Feb 23, 2012 6:05am
Thanks, that's certainly clear!

Quoting emmanuel7788
Hi nnpra,

You are correct that I traded before the LO. Today is an exception because of the Day Inside Bar and H4 reversal setup.

I trade 24x5, and I look at my charts every 4-hours. My day starts when Sydney open. I will analyse what happened overnight in the US. I always look at H4 charts with server time GMT0.
I will follow AUDUSD and USDJPY in the Asian session, trade them according to my trade plan.

For EURUSD and GBPUSD, I will follow closely and when I see good H4 setups, I will trade and not wait for LO.

2 hours before DAX open,...
  • #5,333
  • Feb 23, 2012 6:05am Feb 23, 2012 6:05am
Quoting rehepapp
Hi, there is no TDI cross yet , why you sell now ?
PA started to retrace as there was a bounce off the daily resistance 3. At the open of the first candle the green TDI was touching the red TDI and i entered when it passed the low of the previous blue candle which at that time gave me a steep cross on TDI
X-man the legendary conqueror of markets
  • #5,334
  • Feb 23, 2012 6:07am Feb 23, 2012 6:07am
Quoting rehepapp
1.3300 is may-be good for buy to second push higher is US session
With the 00's i like to set as TP and i dont use the 00's to enter into trades
X-man the legendary conqueror of markets
  • #5,335
  • Feb 23, 2012 6:07am Feb 23, 2012 6:07am
Attached Image (click to enlarge)
Click to Enlarge Name: euro1.gif Size: 30 KB

sometimes we have to wait...
  • #5,336
  • Feb 23, 2012 6:12am Feb 23, 2012 6:12am
Quoting emmanuel7788
Thank you josh!

nice followup support on this subject. I begin to love this commumnity spirit even more.
Newbies, you wont regret being here and posting your qustions and trade charts.
We still have many non-members viewers on this thread. I think you all should signup at FF and join in this thread discussions.

Welcome all.
Yes we have a lovely community spirit here and valuable traders as well.
All the rules are covered but everyday is still a learning day making traders better and better at what they do.
With all the info/knowledge posted in this thread traders will become the best of the best and will be one step ahead of the rest
X-man the legendary conqueror of markets
  • #5,337
  • Feb 23, 2012 6:17am Feb 23, 2012 6:17am
Quoting X-Man
PA started to retrace as there was a bounce off the daily resistance 3. At the open of the first candle the green TDI was touching the red TDI and i entered when it passed the low of the previous blue candle which at that time gave me a steep cross on TDI
X-Man,

Will you exit this trade before Unemployment Claims news?

CM
  • #5,338
  • Feb 23, 2012 6:18am Feb 23, 2012 6:18am
Quoting X-Man
PA started to retrace as there was a bounce off the daily resistance 3. At the open of the first candle the green TDI was touching the red TDI and i entered when it passed the low of the previous blue candle which at that time gave me a steep cross on TDI
Thanks, clear .
  • #5,339
  • Feb 23, 2012 6:22am Feb 23, 2012 6:22am
Got a bounce of 50% fib....
  • #5,340
  • Feb 23, 2012 6:24am Feb 23, 2012 6:24am
Short on EU-H1 but i think i will exit soon and take my profit and run before the US Unemployment news, then will see what happens after the news. What do you think?
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