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  • #6,781
  • Mar 24, 2012 11:36am Mar 24, 2012 11:36am
Quoting prftablefool
I am not sure how it would help others if a trader open up a position and post it immediately. Firstly, the trader is more engaged in managing his own trade then to do posting. Secondly, it poses a danger that other traders will simply take the positions because someone else has taken it and can get burned without understanding the rationale behind it. Its merely copying as I don't see any learning part over here and probably they would also wish to be informed when to get off the money train - lol.

To be honest, it should not bother anyone if...
Totally agree - my main point is that without learning and growing your own techniques and approach, all you are doing is in essence looking for a free trading signal - chances are you will get burned and learn nothing, except that 4x doesn't work!

I take great pleasure in reading the information / charts when other members post their trades - lots of learning materials out there and especially on the TMS threads. Take what you like - discard the rest, backtest, demo, go-live, revise, continually improve and perfect. Always keep your metrics and stats and always keep your trade journals (memo to self - start journal again!!!). Always run lessons learned for when your trades do not meet your expectations.

Find your timeframe that suits you best for your trading style and find the folks that match with your timeframes - my preference is Day and H4, but that is due to my current time availability and I only run set-ups and trade entries between 8pm and 10pm Pacific.
"To live with Passion, it takes Courage and Grace to survive"
  • #6,782
  • Mar 24, 2012 11:37am Mar 24, 2012 11:37am
Quoting migmac
Post 1
thanks
  • #6,783
  • Mar 24, 2012 12:15pm Mar 24, 2012 12:15pm
Quoting Britpip7
Totally agree - my main point is that without learning and growing your own techniques and approach, all you are doing is in essence looking for a free trading signal - chances are you will get burned and learn nothing, except that 4x doesn't work!

I take great pleasure in reading the information / charts when other members post their trades - lots of learning materials out there and especially on the TMS threads. Take what you like - discard the rest, backtest, demo, go-live, revise, continually improve and perfect. Always keep your metrics and...
Hi Britpip7
You and Prftable both are right because others will follow blindly and almost burn their fingers. But one thing is important, if some technicality such as Divergence, Retracement,and possible Reversal of trend forming must be pointed by senior members so that newbies could learn and benefit as well.

Thanks

arasheed
  • #6,784
  • Mar 24, 2012 1:06pm Mar 24, 2012 1:06pm
Quoting arasheed
Hi Britpip7
But one thing is important, if some technicality such as Divergence, Retracement,and possible Reversal of trend forming must be pointed by senior members so that newbies could learn and benefit as well.

Thanks

arasheed
It is pretty simple my friend. Look at the charts posted on this forum and you will be surprised to find some common traits among most of the winning trades. Study them and ask questions from traders who posted the charts and you will be pleased that after a while you can identify those commonalities yourself.

My opinion worth two cents.

P.S.

I hope things are good in your city of lights as well.
Forex is boring but profitable with patience and discipline
  • #6,785
  • Mar 24, 2012 3:43pm Mar 24, 2012 3:43pm
Quoting arasheed
Hi Britpip7
You and Prftable both are right because others will follow blindly and almost burn their fingers. But one thing is important, if some technicality such as Divergence, Retracement,and possible Reversal of trend forming must be pointed by senior members so that newbies could learn and benefit as well.

Thanks

arasheed
I post a lot of training charts which show recent moves / set-ups and possible entries as well as management strategies.

I usually run a weekly review of set-ups for the week and each day if I spot a set-up I will highlight it.

Now, as far as entries are concerned, that is each trader's call and needs to based on their assessment of the trade / risk / reward, etc.

There are so many charts on the main TMS threads from Eelfranz / dcginc / Phx62 / XMan, etc. showing historical set-ups / entries and patterns. I continue to read these guys and continue to pick up on nuances and patterns, etc. I also continue to backtest as I continue to refine my technique.

I conduct my lessons learned whenever a trade does not do what I was expecting and, very importantly IMHO on any entry that I missed to see if it was just a case of being distracted, or, did I not take it for specific reasons.

Lots of hours on the screen and reading and learning - never stop, the rewards are enormous if you stick with it.

Happy pip hunting
"To live with Passion, it takes Courage and Grace to survive"
  • #6,786
  • Mar 24, 2012 8:22pm Mar 24, 2012 8:22pm
Hi

Could you please explain how to interpret the colors in the stochastic slope color indicator?

Thanks
  • #6,787
  • Mar 25, 2012 12:11am Mar 25, 2012 12:11am
Quoting munirpt
Hi

Could you please explain how to interpret the colors in the stochastic slope color indicator?

Thanks
Hi,

There is no use of Stochastics in both the S3 H1 and H4 methods.
Parhaps you should ask in the TMS thread where the traders there use Stochastics.

Cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,788
  • Mar 25, 2012 12:23am Mar 25, 2012 12:23am
Hi Everyone,

Next week will be the last week for this first quarter. As usual, businesses and the top corporations will struggle to meet its 1Q business targets or else their shareholders will breathe down their necks.

Next week I see EURUSD will have better trade opportunties after several weeks of narrow ranged play. This week, this pair traded above its weekly pivot 1.3136 and we shall see if next week' WP will support for a bullish rally. Intraday trading will see EURGBP to be the dominant player next week and deterime how EURUSD will move. I will keep my eyes on EURGBP and GBPUSD as well.

See attached for my weekly view and trade plan. Use S3 method and look for setups.

Have Good Trading week ahead!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 13 H4 view and plan 25-3-2012 12-17-36 PM.png Size: 87 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,789
  • Mar 25, 2012 2:47am Mar 25, 2012 2:47am
Quoting emmanuel7788
Hi Everyone,

Next week will be the last week for this first quarter. As usual, businesses and the top corporations will struggle to meet its 1Q business targets or else their shareholders will breathe down their necks.

Next week I see EURUSD will have better trade opportunties after several weeks of narrow ranged play. This week, this pair traded above its weekly pivot 1.3136 and we shall see if next week' WP will support for a bullish rally. Intraday trading will see EURGBP to be the dominant player next week and deterime how EURUSD will...
Yes 3280 is a clear R area and also neckline on inverse H + S.
  • #6,790
  • Mar 25, 2012 5:32am Mar 25, 2012 5:32am
Quoting Phx62
Attached are 6 trades I took on the EU this week.....1 of the trades was entered from the M15 chart because PA was pulling back from the low of the session.....the other 5 trades were all taken on the H1 chart. I just followed my trading plan based primarily on the TMS & X-Man methods.
If you have not visited the Pro Traders website (recommended by X-Man and Dcginc), please do so....I have picked up some information on market harmonics and the use of fibs from the free articles and videos posted there by Dcginc (Rick). That information has helped...
Hi PhX62,

I was studying ur graph, and I'd like to ask u about those 2 green lines in the Assian session u drawed with number 25 on 22.3. 25p is the range between those lines.

1. I guess the lower line determines the Assian low.
2. What determines the upper line? it's not drawed on the Assian high, but somewhere in the middle.
3. What kind of signal/knowledge is giving u this range for ur trades?

Thank you for the answer in advance.
Ch.
  • #6,791
  • Mar 25, 2012 10:49am Mar 25, 2012 10:49am
Quoting chamel
Hi PhX62,

I was studying ur graph, and I'd like to ask u about those 2 green lines in the Assian session u drawed with number 25 on 22.3. 25p is the range between those lines.

1. I guess the lower line determines the Assian low.
2. What determines the upper line? it's not drawed on the Assian high, but somewhere in the middle.
3. What kind of signal/knowledge is giving u this range for ur trades?

Thank you for the answer in advance.
Ch.
Those lines just give me a visual of the first 4 hours of the Asian session. Occasionally there is a breakout from there but not often. I don't use them for anything unless I scalp a few pips.
  • #6,792
  • Mar 25, 2012 6:47pm Mar 25, 2012 6:47pm
Quoting Phx62
Those lines just give me a visual of the first 4 hours of the Asian session. Occasionally there is a breakout from there but not often. I don't use them for anything unless I scalp a few pips.
Hi PHX62,

Thank you for your charts. The trade time box indicator, some time you start 1 hr before london open and other times you start exact on london open. Why is that?

Thank you in advance.
  • #6,793
  • Mar 25, 2012 8:06pm Mar 25, 2012 8:06pm
hi all,
firstly, this is a fantastic thread with a heap of information and people willing to help!!
i am a fairly new to forex and after trawling through on FF i have decided this thread is amongst the best to learn from and the system seems sound.
after reading a fair bit of the thread (have not read all of it yet) i have one question before i progress into testing.
can someone please explain the "pullback" candle. i thought i had an understanding but the candles marked in the PDF don't seem to reconcile with my understanding.
basically my query is if there is a bearish candle on the previous day then the current candle forms a low but closes higher than the open. to me that indicates a BLUE candle however i noticed there are some RED candles that are considered pullback. the same applies in reverse.
hope my question is easy to understand.
cheers
  • #6,794
  • Mar 25, 2012 9:17pm Mar 25, 2012 9:17pm
Quoting flash4
hi all,
firstly, this is a fantastic thread with a heap of information and people willing to help!!
i am a fairly new to forex and after trawling through on FF i have decided this thread is amongst the best to learn from and the system seems sound.
after reading a fair bit of the thread (have not read all of it yet) i have one question before i progress into testing.
can someone please explain the "pullback" candle. i thought i had an understanding but the candles marked in the PDF don't seem to reconcile with my understanding.
basically my query...
hi flash4,

it would be a lot clearer if you include a chart showing your example.
otherwise, you can read up more on candlesticks reversal patterns.
thanks
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,795
  • Mar 25, 2012 10:16pm Mar 25, 2012 10:16pm
Quoting emmanuel7788
hi flash4,

it would be a lot clearer if you include a chart showing your example.
otherwise, you can read up more on candlesticks reversal patterns.
thanks
thanks emmanuel

i have attached the chart i am referring to.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 107 KB


note the first candle with a red arrow is considered a pullback candle as per the PDF.

the definition was "A pullback candle is a candle if the previous candles are bearish then candle will form a low then reverse and close above the open."

looking at the first candle, i can see the candle formed a low however the close was below the open (hence why it was a red candle)
  • #6,796
  • Mar 26, 2012 2:41am Mar 26, 2012 2:41am
Hi,

Trade open after Tokyo early session H4 closed provided a good bearish engi=ulfing pattern setup.
I am trading a possible retracemement of last friday rally.
See my other post #6792.
Expect to see support near 1.3220.
Got to manage to maximise profit for this one. This retracement may turn into a reversal for the rest of this week. We shall see how it will play out.

Note the time changed fro LO today due to DST.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 26 Mar Trade 26-3-2012 3-24-19 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,797
  • Mar 26, 2012 2:50am Mar 26, 2012 2:50am
Quoting flash4
thanks emmanuel

i have attached the chart i am referring to.

Attachment

note the first candle with a red arrow is considered a pullback candle as per the PDF.

the definition was "A pullback candle is a candle if the previous candles are bearish then candle will form a low then reverse and close above the open."

looking at the first candle, i can see the candle formed a low however the close was below the open (hence why it was a red candle)
Hi flash4

some of the APB pullback bars are not so distinct to make out. I prefer to look at the original price bar or candlestick for my trade setups.
Not all pin bars are good reversal setup and there are other factors to consider before we pcik on reversal setups.

You may want to ready up more on single candle patterns at this website:

http://thepatternsite.com/CandlesSingle.html

rgds,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,798
  • Mar 26, 2012 2:56am Mar 26, 2012 2:56am
In the 1H chart it already retraced 38.2%

i believe the outcome answer will come from the news in a couple of minutes(German Ifo Business Climate)
Attached Image (click to enlarge)
Click to Enlarge Name: 26-03-2012 08-54-22.jpg Size: 152 KB
  • #6,799
  • Mar 26, 2012 3:14am Mar 26, 2012 3:14am
Am Waiting for the close of this candle to enter for a buy EURUSD 15mins timeframe

Pros are my missing anything
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15mins.gif Size: 18 KB
  • #6,800
  • Mar 26, 2012 3:29am Mar 26, 2012 3:29am
Quoting endy231
Am Waiting for the close of this candle to enter for a buy EURUSD 15mins timeframe

Pros are my missing anything
that depends on what timeframe you are trading.

what I am missing is I don't see your plan entry price, initial stop loss and target profit price.

with two H4 bearish candles, it will take one very violent H4 candle to turn this upside.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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