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  • #6,101
  • Mar 5, 2012 7:14am Mar 5, 2012 7:14am
Quoting ljin
sounds good. but emma, when you did convert from intra to swing trade. are you thinking about swap?

*p.s : i think the market already show some bullish momentum, at last we will probably break free from boring LO

I don't let the little swsp bother me when I have booked profits to cover rollover trades ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,102
  • Mar 5, 2012 7:16am Mar 5, 2012 7:16am
Quoting iflyhigh72
Hello Xman, all. Ive downloaded the SonicR pivot indi and I am not able to see the pivot lines as was stated by xman. Im posting a pic of my screen. Help from anyone please.

Hi,

There is a pdf which I posted on #5415.
Please read that and have a full understanding how to set up the parameters in the Sonic-R.

Cheers,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,103
  • Mar 5, 2012 7:21am Mar 5, 2012 7:21am
Quoting Cun
Hi Emmanuel,

Would you mind sharing the ratios of the number of pips generated from the monthly & yearly systems in relation to the weekly one? Thanks.
Hi Cun,

I do not have a monthly or yearly system. What I have done is I developed my own systems for intraday trading, swing trading and position trading.
I currently run three systems in concurrent mode trading in different timeframes.

To trade for a living, I believe I need several systems to cater for different market types. System perform differently in different market type therefore makes it risky for any business to rely on one single system to generate the expected income in a business year.

I also do not measure system performance by the number of pips. Every trade setup taken is measure by the return in number of the initial risk 'R'.
With the known R per trade, the overall systems performance is better measured in terms of Expectancy.
The other system performance I look at is the system Sterling Ratio at every completion of a trading cycle. For every trading profit cycle of 10%, I try to maintain a Sterling Ratio of above 2.0. This Sterling Ratio is more important to me because I trade using multi-lot multi-levels entries and exits. Managing drawdown and recovery is more important than counting the pips.

During the trading periods, I monitor performance regular intervals, for example for intraday trades, I look at every 50/100/300 trades.
This is important as we may need to make adjustment to our trade plan as market condition is dynamic. At the end of a business cycle annually, I look at the overall nett P&L for the combine systems.

Hope this explains how I measure my system performance.

Kind regards.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,104
  • Mar 5, 2012 7:21am Mar 5, 2012 7:21am
Hi X-Man,

It looks like GBP/USD H4 forming a nice setup. TDI broke the blue bands and the price is above 60 EMA. Is this a valid setup. I am still learning the H4 system.

Have a great day,
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.JPG Size: 56 KB
  • #6,105
  • Mar 5, 2012 7:24am Mar 5, 2012 7:24am
Quoting emmanuel7788
Hi,

I really like what you say you would do.... converting an intraday trade to a swing trade. Something I do all the time.

Once you are in the market, you follow the price movement and get into the rythm of things. You know the trader in you and know how to manage the trader in you. You sure know how to trade and make money in this market.

Regards,
Glad to know that someone else is doing this too. I like to trade from the 15min chart, and if PA is flying (only if it's going my way like U/J), then I'll go to the 1hr chart to monitor the trade. If PA continues strong, then I'll switch to the 4hr chart.

I'm thinking about a way to pyramid/scaling in to build a bigger position along the way. Any suggestion would be greatly appreciated.
  • #6,106
  • Mar 5, 2012 7:27am Mar 5, 2012 7:27am
Quoting krishari
Hi X-Man,

It looks like GBP/USD H4 forming a nice setup. TDI broke the blue bands and the price is above 60 EMA. Is this a valid setup. I am still learning the H4 system.

Have a great day,
Yip thats a nice set up. TDI broke the blue band. PA bouncing off the EMA. Trend is up.
So that would be according to the rules
X-man the legendary conqueror of markets
  • #6,107
  • Mar 5, 2012 7:29am Mar 5, 2012 7:29am
Quoting iflyhigh72
Hello Xman, all. Ive downloaded the SonicR pivot indi and I am not able to see the pivot lines as was stated by xman. Im posting a pic of my screen. Help from anyone please.
= problem here...
  • #6,108
  • Mar 5, 2012 7:30am Mar 5, 2012 7:30am
E/U - I hope someone went long at 5AM EST after the a beautiful pin bar at 4AM EST.

I saw the pin bar (via regular candlesticks, not heikin ashi), but could not pull the trigger at 1.3185 because it's not in my trading plan/style to get in at turnaround points.

Anyone went long E/U at the beginning of the 5AM EST candle???
  • #6,109
  • Mar 5, 2012 7:33am Mar 5, 2012 7:33am
Hi,

USD/CHF daily is having bearish divergence, also H4 touched the channel and Price is below 200ema, possible short trade is forming. Any suggestion?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.JPG Size: 41 KB
  • #6,110
  • Mar 5, 2012 7:34am Mar 5, 2012 7:34am
Quoting kokopelli
E/U - I hope someone went long at 5AM EST after the a beautiful pin bar at 4AM EST.

I saw the pin bar (via regular candlesticks, not heikin ashi), but could not pull the trigger at 1.3185 because it's not in my trading plan/style to get in at turnaround points.

Anyone went long E/U at the beginning of the 5AM EST candle???
i am not sure what bar is 5am EST. but if you mean the pin bar that has long low wick. yes i enter on the next candle of that. but after the price go past the prev high at 1.3194
  • #6,111
  • Mar 5, 2012 7:34am Mar 5, 2012 7:34am
Quoting kokopelli
E/U - I hope someone went long at 5AM EST after the a beautiful pin bar at 4AM EST.

I saw the pin bar (via regular candlesticks, not heikin ashi), but could not pull the trigger at 1.3185 because it's not in my trading plan/style to get in at turnaround points.

Anyone went long E/U at the beginning of the 5AM EST candle???
I went long at 7am EST little late...
  • #6,112
  • Mar 5, 2012 7:39am Mar 5, 2012 7:39am
I'm new to this forum but after a lot of reading I'll try this system on EURUSD h1 and i lost some pips. I just want to know i my reading was correct or not...

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdprise de position.gif Size: 27 KB
  • #6,113
  • Mar 5, 2012 7:40am Mar 5, 2012 7:40am
Quoting krishari
Hi X-Man,

It looks like GBP/USD H4 forming a nice setup. TDI broke the blue bands and the price is above 60 EMA. Is this a valid setup. I am still learning the H4 system.

Have a great day,
Hi,

where would be the logical SL and target TP?
Is there enough range UP to give you room to take some partial profit?

On H4, price has not trend above the EMA60 yet, and also Weekly Pivot is above.
TDI cross not yet confirm until this curent H4 bar closes.
This pair is pretty ranging but tend upwards.

I would rather take trades on H1 basis and see if it can be converted to H4 and manage from there.

Watch it more closely!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,114
  • Mar 5, 2012 8:04am Mar 5, 2012 8:04am
Quoting iflyhigh72
Hello Xman, all. Ive downloaded the SonicR pivot indi and I am not able to see the pivot lines as was stated by xman. Im posting a pic of my screen. Help from anyone please.
Go to indicators settings and set Display_4_Shift_Line_Right to 1
  • #6,115
  • Mar 5, 2012 8:08am Mar 5, 2012 8:08am
Quoting kokopelli
E/U - I hope someone went long at 5AM EST after the a beautiful pin bar at 4AM EST.

I saw the pin bar (via regular candlesticks, not heikin ashi), but could not pull the trigger at 1.3185 because it's not in my trading plan/style to get in at turnaround points.

Anyone went long E/U at the beginning of the 5AM EST candle???

Well it wasn't quite per the rules. But I did take a long trade once the price started to pull back on the 4AM EST candle. Once it had pulled back across the 4 hour trend line. I was able to achieve 50 pips.

Only wish it didn't take almost 5 hours.

CM
Attached Image (click to enlarge)
Click to Enlarge Name: 3.5.2012.gif Size: 23 KB
  • #6,116
  • Mar 5, 2012 8:09am Mar 5, 2012 8:09am
Well said Emmanuel, That's what I am thinking. Now it's trying to push through the roof of 60 EMA on H4 TF...

Quoting emmanuel7788
Hi,

where would be the logical SL and target TP?
Is there enough range UP to give you room to take some partial profit?

On H4, price has not trend above the EMA60 yet, and also Weekly Pivot is above.
TDI cross not yet confirm until this curent H4 bar closes.
This pair is pretty ranging but tend upwards.

I would rather take trades on H1 basis and see if it can be converted to H4 and manage from there.

Watch it more closely!
  • #6,117
  • Mar 5, 2012 8:15am Mar 5, 2012 8:15am
Quoting CodeMonster
Well it wasn't quite per the rules. But I did take a long trade once the price started to pull back on the 4AM EST candle. Once it had pulled back across the 4 hour trend line. I was able to achieve 50 pips.

Only wish it didn't take almost 5 hours.

CM
hello codemonster. its nice to see you got the target. but what make you decide to take the trade in the middle of price at that time? ( is it only because it goes back and past from todays low at asian session?)
  • #6,118
  • Mar 5, 2012 8:15am Mar 5, 2012 8:15am
Quoting emmanuel7788
Hi,

where would be the logical SL and target TP?
Is there enough range UP to give you room to take some partial profit?

On H4, price has not trend above the EMA60 yet, and also Weekly Pivot is above.
TDI cross not yet confirm until this curent H4 bar closes.
This pair is pretty ranging but tend upwards.

I would rather take trades on H1 basis and see if it can be converted to H4 and manage from there.

Watch it more closely!
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 26 KB

crossing TDI, crossing 60ema, I don't see weelly pivot, I should have one in my chart.
  • #6,119
  • Mar 5, 2012 8:22am Mar 5, 2012 8:22am
Quoting ljin
hello codemonster. its nice to see you got the target. but what make you decide to take the trade in the middle of price at that time? ( is it only because it goes back and past from todays low at asian session?)
I was mainly watching price action (Way to much a$$ time in front of the computer in the last 8 months). Once I saw it wasn't able to push below 1.3165 any longer I waited for the price to come above the trendline. Also the TDI was slightly crossed at the time but not by much.

CM
  • #6,120
  • Mar 5, 2012 8:39am Mar 5, 2012 8:39am
Quoting ghischa
I'm new to this forum but after a lot of reading I'll try this system on EURUSD h1 and i lost some pips. I just want to know i my reading was correct or not...

Thank you.
Hi ghischa,

since this is your very first post in this forum, I would assume that you started reading from the Post#1 of this thread.

Your chart looks very clean and unclutterd which is a good start. But your chart alone do not tell us what you were thinking when when you decided to take that trade.

Did you use the indicators and template provided in Post#1?

The APB does not look like the Synergy_APB(2) indicator. Looks more like the HeikenAshi version to me.

For what purpose is the use of the Stochastic indicator?

Where are the support and resistance levels for this day trade?

What was your inditial SL and TP when decided to enter this trade?

You have a Trailing Stop EA running on your chart, how do you use this EA to manage your trade?

Hope to get your answers and more details of your thought process in this trade.

Thank you.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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