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  • #6,681
  • Mar 19, 2012 8:40am Mar 19, 2012 8:40am
http://www.fxstreet.com/news/forex-n...d-4124c60264b8

News day again.
  • #6,682
  • Mar 19, 2012 11:29am Mar 19, 2012 11:29am
Quoting shane s
Hey, can anyone tell why Phx62, is not posting
I have been focused on some major changes/improvements we are making to the family business for the past couple of weeks and will probably be deeply involved for several more weeks....I am still getting some trades in and still doing the due diligence of studying and backtesting a couple of other pairs....just not enough time to keep up with posting and answering PM's.
Had a good morning on the EJ today. I am working on some M15 entries, as well as monitoring and trading the H1 charts.....still a work in progress. I am finding that right now, entries on the EJ are working quite well an hour or two before London opens.
Good trading to all......
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.3.19 EJ.jpg Size: 135 KB
  • #6,683
  • Mar 19, 2012 3:15pm Mar 19, 2012 3:15pm
Quoting Phx62
I have been focused on some major changes/improvements we are making to the family business for the past couple of weeks and will probably be deeply involved for several more weeks....I am still getting some trades in and still doing the due diligence of studying and backtesting a couple of other pairs....just not enough time to keep up with posting and answering PM's.
Had a good morning on the EJ today. I am working on some M15 entries, as well as monitoring and trading the H1 charts.....still a work in progress. I am finding that right now, entries...

Good to see ya posting again!
  • #6,684
  • Mar 19, 2012 6:48pm Mar 19, 2012 6:48pm
Hi All,

I've been reading up on the S3 method for the past two weeks or so. At first, everything seems scattered and out of place but after putting in the necessary work I think I'm starting to get a glimpse of the system.

Below is my first run with the S3 system on a demo, got stopped at my SL. Was this a good entry or did I just got faked out? Was my entry too early?


Thanks X-MAN and all others contributing members for sharing such a great system.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.PNG Size: 69 KB
  • #6,685
  • Mar 19, 2012 6:55pm Mar 19, 2012 6:55pm
Thanks LL, good to be back. Glad to see you're stilll around as well. Good luck!

Quoting LazyLobster
Good to have you back Brifx and good luck in the trading days ahead.

LL
  • #6,686
  • Mar 19, 2012 8:21pm Mar 19, 2012 8:21pm
Hi everybody...I've watch Dean Malone video from Compass FX, and I see that he use Synergy_Pro_TDI.

And I've see that there is some different RSI (Green) Line, between Synergy_Pro_TDI & TDI_RT that I used. Also the PAC (Price Action Channel), the 2 yellow line, that I've used (I Download it from Forex-tools-cafe) are also different from the Dean Malone Video's.

Does anybody know what is the problem or maybe my mistake of using the TDI & PAC Indicators ?

This is the picture between the two different Indi, I marked it with a rectangle. The top is from Dean Malone Video.

Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD DM.gif Size: 148 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eur usd mymt.gif Size: 28 KB
  • #6,687
  • Mar 19, 2012 10:06pm Mar 19, 2012 10:06pm
Quoting IBaim
Hi All,

I've been reading up on the S3 method for the past two weeks or so. At first, everything seems scattered and out of place but after putting in the necessary work I think I'm starting to get a glimpse of the system.

Below is my first run with the S3 system on a demo, got stopped at my SL. Was this a good entry or did I just got faked out? Was my entry too early?


Thanks X-MAN and all others contributing members for sharing such a great system.
Its easy to say in hindsight. Y eur bounced up from the D pivot 3140. Your entry was one of the touch trades the original thread refers to. But it was counter to the strong D move up (D TDI is crossed up and above 50 level). If the downtrend was clearer (ie following a neg close day in downtrend) I'd say great entry, here 1hr is against the D. IMHO.

Mrs V left the eur and bought ej , just one of a choice of 3. EJ, GU and GJ all had positive 1hr closes in line with their D charts. We generally prefer to go with the currency where all is lining up.
  • #6,688
  • Mar 19, 2012 10:20pm Mar 19, 2012 10:20pm
Quoting Phx62
I have been focused on some major changes/improvements we are making to the family business for the past couple of weeks and will probably be deeply involved for several more weeks....I am still getting some trades in and still doing the due diligence of studying and backtesting a couple of other pairs....just not enough time to keep up with posting and answering PM's.
Had a good morning on the EJ today. I am working on some M15 entries, as well as monitoring and trading the H1 charts.....still a work in progress. I am finding that right now,...
if i may know. how much is average of E/J do its pips movement everyday?
  • #6,689
  • Mar 19, 2012 10:56pm Mar 19, 2012 10:56pm
Quoting Vantage
Its easy to say in hindsight. Y eur bounced up from the D pivot 3140. Your entry was one of the touch trades the original thread refers to. But it was counter to the strong D move up (D TDI is crossed up and above 50 level). If the downtrend was clearer (ie following a neg close day in downtrend) I'd say great entry, here 1hr is against the D. IMHO.

Mrs V left the eur and bought ej , just one of a choice of 3. EJ, GU and GJ all had positive 1hr closes in line with their D charts. We generally prefer to go with the currency where all is lining...
See post 6666, the low from 4 Oct won out. SR levels are key, always have been always will be.
  • #6,690
  • Mar 19, 2012 11:48pm Mar 19, 2012 11:48pm
Quoting ljin
if i may know. how much is average of E/J do its pips movement everyday?
last 100 days average range is 92 pips.
last 20 days is 104pips
last 5 and 10 days about 92 and 94 pips

yesterday was 138 an exceptional range
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,691
  • Mar 20, 2012 12:00am Mar 20, 2012 12:00am
Quoting Mantis
Hi everybody...I've watch Dean Malone video from Compass FX, and I see that he use Synergy_Pro_TDI.

And I've see that there is some different RSI (Green) Line, between Synergy_Pro_TDI & TDI_RT that I used. Also the PAC (Price Action Channel), the 2 yellow line, that I've used (I Download it from Forex-tools-cafe) are also different from the Dean Malone Video's.

Does anybody know what is the problem or maybe my mistake of using the TDI & PAC Indicators ?

This is the picture between the two different Indi, I marked it with a rectangle. The top...
why don't you put both your Synergy_Pro_TDI and the TDI_RT(post#1) on the same chart and draw a vertical line to show clearly where you think there is a difference.

for the PAC setting on your chart, please refer to post#5698
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,692
  • Mar 20, 2012 12:52am Mar 20, 2012 12:52am
Quoting IBaim
Hi All,

I've been reading up on the S3 method for the past two weeks or so. At first, everything seems scattered and out of place but after putting in the necessary work I think I'm starting to get a glimpse of the system.

Below is my first run with the S3 system on a demo, got stopped at my SL. Was this a good entry or did I just got faked out? Was my entry too early?


Thanks X-MAN and all others contributing members for sharing such a great system.
Hi IBaim, welcome to this thread. I'm new too so I will just get the ball rolling and let the pros help once they wake up. Lol.

My first comment would be to ask what PA criteria you used to enter short there? Much is made in this thread about Price Action rather than just the TDI cross (which is just used to confirm a trade). Although it is after NYO I can't see any strong move to suggest the initiation of a drive there. After so many indecisive compact bars and a recent attempt to go short being pushed back I would not have gone short until the support below had been breached.

Talking of the TDI cross, you traded a bounce, which I only trade if the PA before the bounce was a legitimate trade in itself and in my book this was not.

On a totally separate note although you are paper trading I notice that your spread for E/U is 12 pips? Am I just lucky but mine is between 0.8-3 pips depending on broker and time of day.

Final point, you might want to select 'Active Chart', rather than 'Active Workspace' when you save a picture as we can see your account number and broker details on the screenshot you put up. Better safe than sorry.

Best of Luck and keep posting, let me know what criteria you used to enter there.
  • #6,693
  • Edited 1:20am Mar 20, 2012 1:08am | Edited 1:20am
Just shorted EU on H4 TDI cross. Let see if this pair will spring another surprise with another 120pips H4 candles upwards.
EP 1.3328 edited 1.3228
SL 50pips

TP open.
want to see if price to move down to DS1 and WP
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,694
  • Mar 20, 2012 1:19am Mar 20, 2012 1:19am
Quoting emmanuel7788
Just shorted EU on H4 TDI cross. Let see if this pair will spring another surprise with another 120pips H4 candles upwards.
EP 1.3328
SL 50pips

TP open.
want to see if price to move down to DS1 and WP
Mmmmh a very interesting trade. 50% fib, poss SR level in and around the close of 25/11/11. Next time price got there after that it went right through lower. A 1hr neg close that just engulfs the immediate range.

Nice one. Break a leg!!
  • #6,695
  • Mar 20, 2012 2:13am Mar 20, 2012 2:13am
Quoting emmanuel7788
Just shorted EU on H4 TDI cross. Let see if this pair will spring another surprise with another 120pips H4 candles upwards.
EP 1.3328 edited 1.3228
SL 50pips

TP open.
want to see if price to move down to DS1 and WP
4h tf trades
took similar trade like you and hit SL at BE for eu.
usd/chf hit SL at BE.
gbp/usd and nzd/usd, minor gain of 10 pips each earlier in the day.

im switching to daily tf due to extreme volatility in lower tfs yesterday and today.
EUR/JPY is very strong and very overbought. will be looking to short once signal comes.
  • #6,696
  • Mar 20, 2012 2:38am Mar 20, 2012 2:38am
Quoting emmanuel7788
Just shorted EU on H4 TDI cross. Let see if this pair will spring another surprise with another 120pips H4 candles upwards.
EP 1.3328 edited 1.3228
SL 50pips

TP open.
want to see if price to move down to DS1 and WP
hello emmanuel7788,
i short myself on eur/usd because tdi cross down on h4 and it broke asian session. but i cut loss because i see a pullback candle and gone long the next bar of pullback candle. but that is a wrong decision.
do you know where i gone wrong?
  • #6,697
  • Mar 20, 2012 3:07am Mar 20, 2012 3:07am
Quoting emmanuel7788
Hi,
Here is an update of my trade post#6496.
EURJPY - only managed partial exit +30pips and rest stopped out at BE.
AUDJPY - still running, and added position with profit after first partial exit. This is now a 'free trade' and need careful management to reach final TP eyeing 90.00 which near the high of March 2011.

Regards,
Hi,

just to update this AJ trade closed yesterday as price hit my trailing stop.
Now look for another re-entry on lower TF.
I still see a stronger Aussie in coming days/weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H4 trade closed 20-3-2012 5-52-03 PM.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,698
  • Mar 20, 2012 3:12am Mar 20, 2012 3:12am
Quoting ljin
hello emmanuel7788,
i short myself on eur/usd because tdi cross down on h4 and it broke asian session. but i cut loss because i see a pullback candle and gone long the next bar of pullback candle. but that is a wrong decision.
do you know where i gone wrong?
Hi ljin,

since you enter on H4 TDI cross, why do you fear a H1 price pullback?
You tend to micro manage your trades and I see that you do have some fear when you do not see price move in your favour.
You must give every trade some time and room to move on its own.
You must trust your setups and must not look at the trade so often after entry.
Once you determine your initial SL, you must accept that as the cost for taking that trade. You must follow your trade management rule - when to move to BE, when to take partial profit, etc.

Have more courage when you trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,699
  • Mar 20, 2012 3:16am Mar 20, 2012 3:16am
Quoting shoot2scoot
Hi IBaim, welcome to this thread. I'm new too so I will just get the ball rolling and let the pros help once they wake up. Lol.

My first comment would be to ask what PA criteria you used to enter short there? Much is made in this thread about Price Action rather than just the TDI cross (which is just used to confirm a trade). Although it is after NYO I can't see any strong move to suggest the initiation of a drive there. After so many indecisive compact bars and a recent attempt to go short being pushed back I would not have gone short until the...
Hi shoot2scoot,

The reason I went short was because candle prior to entry opened low and closed low, and the candle of entry opened below the EMA. That was my PA logic prior to entry. To be quite honest, I don't really look at the TDI for entry or exits. I look at it as a confirmation as X-man suggested in the first post.

As Vantage suggested, I would agree that I forgot to look at the overall SR levels aka "the big picture" before placing my order.

The pip spread indicator is something I don't pay attention to at the moment because this is a demo account. Thanks for the tip regarding the 'active chart'

This thread is a gem, so much to learn!
  • #6,700
  • Mar 20, 2012 3:46am Mar 20, 2012 3:46am
Found a very nice video of Dean Malone (CompassFX) about the TDI indicator http://www.compassfx.com/video/flash/43008/43008.html
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