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  • #6,121
  • Mar 5, 2012 8:50am Mar 5, 2012 8:50am
Quoting nnpra
Well said Emmanuel, That's what I am thinking. Now it's trying to push through the roof of 60 EMA on H4 TF...
got to ask myself, ...with some many short positions from last Friday,
> why were there not more sellers when LO?
> where are the stop hunters? if this is true what many people believe.
> I am sure all the sellers will start cover their positions now, so price moves up further, but up to which price levels?
> the current price move up, sure is tempting new buyers , the last green candle, why not more buyers rush in?
> H1 buy entry looks tempting? hmmmmmm... just like the TDI cross on EURAUD earlier today.

wait....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,122
  • Mar 5, 2012 8:53am Mar 5, 2012 8:53am
Quoting chiche
= problem here...

hi chiche,

same problem go back to post #5415 and read that pdf.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,123
  • Mar 5, 2012 9:18am Mar 5, 2012 9:18am
Looking forward to Phx62's daily post.
  • #6,124
  • Mar 5, 2012 9:21am Mar 5, 2012 9:21am
X-man the bullish divergence is on my yellow line?
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  • #6,125
  • Mar 5, 2012 9:30am Mar 5, 2012 9:30am
Quoting emmanuel7788
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...
Yes I use the indicators of page 1.For the HeikenAshi you're right but i don't understand the big different between them. I try on a same chart and no really diffrent to me. Stoch i use just to confirm the trend for me like Big E said on this thread. The support and resistance levels for this day trade? I did not take care of it here but It just demo next time I will pay attention.(sorry for my english i'm french....

The trailing stop is use if i'm not in front of my computer .

thank for you're help.
  • #6,126
  • Mar 5, 2012 9:37am Mar 5, 2012 9:37am
Quoting X-Man
It was a wrong trade. i take it that you didnt look at a higher TF to see the overall picture.
If you go to the daily or 4H TF and draw a trendline you will see that PA is just bouncing off that line.
If you draw a fibb on the daily you will see that PA is at the 61.8% retracement level.
All these are pointing long. You will also see the bullish divergance if you zoom out.


Please X-Man, can you show the divergance in the chart? I fail to see it Thank you Best regards vcary
  • #6,127
  • Mar 5, 2012 9:40am Mar 5, 2012 9:40am
Quoting Dr_Zulu
Go to indicators settings and set Display_4_Shift_Line_Right to 1
Thanks to everyone who provided an answer. It is working now. You guys are awesome!!
  • #6,128
  • Mar 5, 2012 9:46am Mar 5, 2012 9:46am
Quoting emmanuel7788
hi chiche,

same problem go back to post #5415 and read that pdf.

regards,
thanks emma...
  • #6,129
  • Mar 5, 2012 9:46am Mar 5, 2012 9:46am
Quoting life100
X-man the bullish divergence is on my yellow line?
that is hidden bearish divergence i think. base on PA you could say that its time to go short. but weird. my chart didnt show that kind of divergence. my pa show bullish divergence and signaling to go long and not short.
here is my chart on h1. you could get a clearer divergence on h4. but here anyway (1st vertical line should be on prev candle. for some unknown reason it just jump lol)
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  • #6,130
  • Mar 5, 2012 10:10am Mar 5, 2012 10:10am
There you go guys A nice clean chart to view PA
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X-man the legendary conqueror of markets
  • #6,131
  • Mar 5, 2012 10:19am Mar 5, 2012 10:19am
Quoting emmanuel7788
got to ask myself, ...with some many short positions from last Friday,
> why were there not more sellers when LO?
> where are the stop hunters? if this is true what many people believe.
> I am sure all the sellers will start cover their positions now, so price moves up further, but up to which price levels?
> the current price move up, sure is tempting new buyers , the last green candle, why not more buyers rush in?
> H1 buy entry looks tempting? hmmmmmm... just like the TDI cross on EURAUD earlier today.

wait....
I'm thinking the same thing, that's why i got in long on the second candle after the 200 cross, got in at 1.3210 +10 ATM and watching it close.
  • #6,132
  • Edited 10:53am Mar 5, 2012 10:34am | Edited 10:53am
thank you guys.
I'm backtesting h1 S3 method in the past. This is another trade Nov 03 2011 the vertical bar is on 06.00 GMT... we were in downTrend and we had a pullback till 61.8% Fib lev then the trend go down... on the first candle after the red line there was a cross down of TDI but after few pips there was a resistence on round number 1.36500 so I have waited to see if the pa break the resistence. The next candle go up so the p.a. bounce on the resistence so I take a long position at the close of this bar...I close 1/2 position at +30 pips and move my stop loss on breakeven and then...close the entire position at +50pips.
I want to ask if the trade is correct? Or i had to wait another candle before to enter long..because there isn't clear bounce on TDI yet.

thank you guy... I'm a newbie so sorry for the question and for my poor English.
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  • #6,133
  • Edited 11:30am Mar 5, 2012 10:58am | Edited 11:30am
To all master of this system (phx62,x-man-lazylobster,emmanuel, and others senior). below is my chart and today's trade. could you guys see where did i do wrong ?
at check sign ( usd news) .

the story of entry:
i open trade at 1.3194 (price going past prev high candle). h4 TDI cross up and price bounce from 61.8 . bullish divergence on sight .all indicate bullish.
put tp to 1.3244 and sl to 1.3144.

the story of holding the trade:

price was struggling at first and even change color at next candle. ( i didnt care about it since its just a few pips and stick it until either it hit tp /sl . starting to US session, candle shows strong bullish. (at last!) . after it hit +40 pips. it struggling once more between 1.3233 - 1.3239. (getting nervous at 3 hours after US session ).

at the time of news. price goes down ( because of nervous i move sl to 1.3209. it is 5 pips below prev low) . price still continue down and i become more undecided thinking it will be just another whipsaw only. and move again the sl to BE+5 and when price moving to BE+7 . i am undecided again and thinking that i should give some room around 30 pips because of the news. and decided to put it to BE( around 25pips .i am thinking that better than to put BE-5 . i better to put it on BE . at worst i didnt loss anything) .
and then the price going up again to 1.3233 area . and then i decide to move SL to 5 pips below current candle.

and it hit my sl. but now the candle goes up again.

i knew that i already failed when i got undecided so many times. what actually should i did when the time that price goes against my trade?

and here a few more questions:
1. am i right to let the price some breathing room at the news ?
2. if i were to continue to put 5 pips below prev candle. my sl would hit when the news come out.
and even though the tdi already shows flat, i am not exiting yet because i saw h4 TDI still have crossing up. so i am thinking the price would go up again. am i wrong thinking like this?
3. what do you guys think of my entry ?
4. what do you guys think of my exit?
5. is it better to entry at the open of the candle or when price go past prev high?

oh btw ( i think the price struggling around 1.3233 because of fib 50)
Thank you. i really hope i can clear all this problems
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  • #6,134
  • Mar 5, 2012 12:55pm Mar 5, 2012 12:55pm
Quoting ljin
To all master of this system (phx62,x-man-lazylobster,emmanuel, and others senior). below is my chart and today's trade. could you guys see where did i do wrong ?
at check sign ( usd news) .

the story of entry:
i open trade at 1.3194 (price going past prev high candle). h4 TDI cross up and price bounce from 61.8 . bullish divergence on sight .all indicate bullish.
put tp to 1.3244 and sl to 1.3144.

the story of holding the trade:

price was struggling at first and even change color at next candle. ( i didnt care about it since its just a few...
You will probably get different answers but what i would have done is take my +40 and took it to the bank when i would of had my first indecision. Although i don't move to BE as some do. When there are strong trends then i let it run but in today's market you take what you can or there is a good possibility it will turn on you.
  • #6,135
  • Mar 5, 2012 2:01pm Mar 5, 2012 2:01pm
Quoting ljin
To all master of this system (phx62,x-man-lazylobster,emmanuel, and others senior). below is my chart and today's trade. could you guys see where did i do wrong ?
at check sign ( usd news) .

the story of entry:
i open trade at 1.3194 (price going past prev high candle). h4 TDI cross up and price bounce from 61.8 . bullish divergence on sight .all indicate bullish.
put tp to 1.3244 and sl to 1.3144.

the story of holding the trade:

price was struggling at first and even change color at next candle. ( i didnt care about it since its just a few...
Nothing wrong with that trade.....the only thing I did differently was opened the trade at the beginning of the entry candle instead of the top of that candle because the TDI had already crossed over (even though it was without much angle).....my trade barely reached the +50 pips...if it had come back 15 pips from the top, I would have exited for +35 because my trailing SL would have been at +13 pips and I would not have given that much back. The ADR for today is only 81 pips, meaning the EU is ranging.
You are right...you must give the trade some breathing room....25 to 35 pips is not uncommon for this pair on the H1 timeframe.
  • #6,136
  • Mar 5, 2012 3:52pm Mar 5, 2012 3:52pm
Nice video by Dean Malone regarding actual E/U:
http://www.compassfx.com/video/ip/30512/30512.html
  • #6,137
  • Mar 5, 2012 6:24pm Mar 5, 2012 6:24pm
why don't you guys listen to Oscar? no one knows the market better than Oscar


http://livewithoscar.com/DailyVideo.aspx
  • #6,138
  • Mar 5, 2012 6:27pm Mar 5, 2012 6:27pm
Ljin,

What Stochastic Indicator are you using and where did you get it, could you post a link?

Thanks.
  • #6,139
  • Mar 5, 2012 6:34pm Mar 5, 2012 6:34pm
Quoting emmanuel7788
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.

[font=Verdana][size=2][color=black][color=black][font=Verdana]To...
Hi Emmanuel,

Thank you so much for this insightful reply and for your generousity.

Could you kindly elaborate on how you manage the drawdown?

If your current max drawdown % is lower than anticipated are you then more willing to take on more aggressive trades and vice versa?

I hope one day I could reach the level you are at now. So much to learn but I love it.


Thanks again.
  • #6,140
  • Mar 5, 2012 10:46pm Mar 5, 2012 10:46pm
hi, which pivot point indicator that are recommended for this method??
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