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  • #7,261
  • Apr 27, 2012 7:56am Apr 27, 2012 7:56am
Quoting twonny
Hey all, was wondering how it's going on the 4h swing method.. It seems the most practical for those that work, and in fact it seems pretty accurate too.. Which pairs has it been working best on?

suggest you read the S3 4H pdf in post#1.
X-Man did mention some currency pairs.
Do your own backtesting on as many pairs as possible and you will find your answer.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,262
  • Apr 27, 2012 7:59am Apr 27, 2012 7:59am
kiwi will hit 0.8200
remember the day h-l fibo exercise posted this week.

...post#7241
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,263
  • Apr 27, 2012 11:33am Apr 27, 2012 11:33am
Gee thanks for the info buddy but it seems X bailed out of his own system a long time ago so obviously it wasn't working for him.. Plus times change as this was started a while ago AND its nice to get info from those who have been using the system and not just from OP.. Hey man If you are only losing money I wont hold it against you, just say rather than being snotty.

Thanks for the advice big guy.

Quoting emmanuel7788
suggest you read the S3 4H pdf in post#1.
X-Man did mention some currency pairs.
Do your own backtesting on as many pairs as possible and you will find your answer.
  • #7,264
  • Apr 27, 2012 8:54pm Apr 27, 2012 8:54pm
Quoting emmanuel7788
Here is another way I look at day trading using the fib of the daily h-l.
Note: 24 Apr was a Day Inside Bar.
There has not been a break of Monday High or Low since.
Now, LO price make retraced ... but to where? or will it break today' low?

I still look towards TP above 0.8180 and a beautiful close of this week candle, making it 8th in a row.
hi emm
thanks for your very helpful and informative posts, you always seem to see things that no-one else does
can you please explain "close of this week candle, making it 8th in a row "?
best regards
ROB
  • #7,265
  • Apr 29, 2012 1:57am Apr 29, 2012 1:57am
Quoting sharemaster2
Hi Emmanual,

Will you make this Indicator available to us here on the Forum .....

Thanks
Hi Sharemaster, here is another Fibo ext. indicator that you may find it useful.

Original written by Steve Hopwood, I only modify the individual color lines to make easier to track. The Open and Close lines are also removed to give more clarity to the chart.

The fibo ext. values and color lines are user defined.

Note: The Sunday candles are included into Friday's account.
Attached Image (click to enlarge)
Click to Enlarge Name: OHLC with Fib Extension #.jpg Size: 80 KB
Attached File(s)
File Type: ex4 OHLC with Fib Extensions #.ex4   12 KB | 567 downloads
  • #7,266
  • Apr 30, 2012 6:44am Apr 30, 2012 6:44am
Let me start by saying that I value the input on this site but I have one observation?

Although the site is meant to focus on X-Man's 3S system, increasingly the reality is that his system is only a very small part of the process (final confirmation only) for the core successful contributors. Much more store is placed on PA as a means of identifying potential trades and these critical PA criteria are not given the importance they deserve. It seems that each successful trader has his own pet PA setups and although very generous in identifying what and how they trade, no real consistent pattern seems to emerge. In the two months that I have been following this thread a large number of new members have come and gone with only the hard core remaining throughout.

I personally am delighted with this site because it has taught me to concentrate on finding my own way but I do wonder if there is room for more input into the initial PA criteria to be discussed, so that a larger number of members can get on board and stay on board? I am happy to show my workings but do not consider myself in the same league yet as the hallowed few who consistently beat the odds. It seems a missed opportunity to refer everyone to babypips because even a total understanding of PA theory will not provide an understanding of which PA criteria are key at any particular moment and which are secondary.

My plea therefore is to ask that a few key setups are listed at the beginning of the thread so that new joiners are not fooled into thinking that just following X-Man's 3S is enough to make 1000s of pips each month because that is just no so. I understand that this would require X-Mans agreement but as he is so infrequently with us now I feel sure he would agree if he felt that it would increase membership and success. I fear that this thread may wilt without it before long and that would be a great shame.

I hope that I have not offended anyone with this post as I am a great fan of this thread and only wish it and it's members continued, growing success.
  • #7,267
  • Apr 30, 2012 5:26pm Apr 30, 2012 5:26pm
Quoting shoot2scoot
Let me start by saying that I value the input on this site but I have one observation?

Although the site is meant to focus on X-Man's 3S system,.........
Hi, it seems that the regular contributors are away on Holiday. I like to express my comments here,

I consider my self still in the learning stage, so correct me if I am wrong.

It seems to me that we need to be a "all rounder" before we can trade forex.
As I can see from the charts posted, the 'bar' chart is added on to the Synergy APB. So the contributors are looking for candle chart patterns such as 'inside' bar, 'pin' bar etc which are blocked by the 'extra long' candle body of the Synergy APB.

Coming back to the "all rounder", I would recommend that you read the ebook shown below.
The author had almost 20 years of teaching experence before publishing his book which include:

1) Using multiple timeframe as one of the trade Entry citeria.

2) Eliot waves.

3) Using fibonacci retracement

Sounds familar! These are what the forum contributors had mention.

I hope you will find the book interesting.

Note: The author uses his own custom indicator, but don't worry you just replaces his DT Osc with our standard TDI and continue reading.
Attached Image
  • #7,268
  • Apr 30, 2012 9:47pm Apr 30, 2012 9:47pm
Euro bank are on holiday..
does this have effect like the Easter holiday???
  • #7,269
  • Apr 30, 2012 11:35pm Apr 30, 2012 11:35pm
Quoting Star178
Hi, it seems that the regular contributors are away on Holiday. I like to express my comments here,

I consider my self still in the learning stage, so correct me if I am wrong.

It seems to me that we need to be a "all rounder" before we can trade forex.
As I can see from the charts posted, the 'bar' chart is added on to the Synergy APB. So the contributors are looking for candle chart patterns such as 'inside' bar, 'pin' bar etc which are blocked by the 'extra long' candle body of the Synergy APB.

Coming back to the "all rounder",...
Thanks Star I will certainly read it. You are typical of the generosity to be found on this site. My point is that this emphasis on PA should be identified in more detail at the start of the thread for new arrivals, who otherwise might be fooled into thinking that this is really easy. Thanks again.
  • #7,270
  • Apr 30, 2012 11:57pm Apr 30, 2012 11:57pm
Thanks Star178, will read the book
  • #7,271
  • May 1, 2012 12:50am May 1, 2012 12:50am
There is nothing new in trading, the TDI is basically a variation of the fozzy indi (rsi with ma on it) as it was called several years ago.

Anyway whilst I'm not saying this system is the answer to anyone's trading problems its as good a start as any. Unfortunately there are very few rules based methods that last so you have to get some of the basics. It would be optimistic to think you can have a cross on a chart and all will be OK.

X-mans pdf says:

 

  1. watch out for support and resistance areas, we won't be trading every cross on tdi i.e. show discretion
  2. pullback candles, might enter earlier than cross on tdi i.e. show discretion
  3. pa is king and tdi just used as confirmation tool i.e. show discretion
  4. LO head fakes
  5. Break of a range

So yes there are some basics (not just those listed above) that you have to acquire and there are very few quick fixes, unless you are one of the lucky few that stumbles onto something proven and it suits your personality and circumstances.


However if you focus on trend and take counter trend only once you have much more info that a tdi cross (proven SR level etc etc) you will immediately give yourself an advantage. For trend and SR levels MTF analysis would help as some key SR levels can go back a lot farther than most would see from a 1hr chart.


I asked one of the best traders I'd seen early on what made him 'see' so easily, 12000 hours of chart time was the answer.


If you haven't got 12000 hours to spare you can back test with the end in sight. If you do back testing on 1hr charts ask yourself on the days following these D crosses would you rather be trading in the direction of the D or against it.


And when you start back testing look for moves from proven SR areas, moves that start with the range being broken ie engulfing candles, hl/lh's (had to fit that in somewhere) in particular those that follow divergence.


Anyway following the D will help and don't be fussed about the missed trades whilst the D is turning around until you have those hours under your belt.


Hope this helps a little.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 22 KB
  • #7,272
  • May 1, 2012 6:15pm May 1, 2012 6:15pm
Quoting robuk
hi emm
thanks for your very helpful and informative posts, you always seem to see things that no-one else does
can you please explain "close of this week candle, making it 8th in a row "?
best regards
ROB
Hi ROB,

sorry for this late reply. I am taking a short break with the market holidays and spend less time online.

anyway, the NZDUSD story started in week 10 when I was looking at a possible position trade. See page 442 post#6628.
it has been since 8 weeks of waiting and there is no sign of USD strengthening make this trade come true. Let's see whether the next kiwi rate annoucement will make it happen. Aussie RBA did the damage yesterday, will RBNZ do the same? Both have closely tied domestic economies and reliance on commodities.

Market is trading is very narrow ranges recently and we have to keep our profit expectations within reach. Take EURUSD and GBPUSD as examples, their daily trading range has gone below 100 pips for the recent 100 days average. It can be the cause of weaker Q1 corporate results. I have to make some adjustments in looking for intraday trades.

hence for NZDUSD, I start to look more closely at how the daily price action using the daily high-low fibo rectracements and extension levels.
See page 483 post#7241. This help me to get in and out of day trades with smaller targets while I wait and try catch an entry for the next big move.

For 8 consecutive weeks, NZDUSD open and close at the same price level .8180. See attach chart.

This week, price is now again below the .8180 level and there is a support zone at .8120 ~0.8050.

Just be patient and trade the smaller day range. This will keep traders in rhythm with this nocturnal pair.

Have a Good Trading week!
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 17 close 30-4-2012 6-43-42 AM.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,273
  • May 2, 2012 1:26am May 2, 2012 1:26am
here is an attempt on H1.
H4 looks like a continuation.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 2 May H1 trade 2-5-2012 4-02-00 PM.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,274
  • May 2, 2012 3:39am May 2, 2012 3:39am
Nice EUR.AUD trade ....helped by along by the RBA but a solid trade anyway!
Not sure how I upload charts but will give it a go!
J
Attached Image (click to enlarge)
Click to Enlarge Name: euraud h4 trade.jpg Size: 146 KB
  • #7,275
  • May 2, 2012 3:55am May 2, 2012 3:55am
Quoting JamesBranson
Nice EUR.AUD trade ....helped by along by the RBA but a solid trade anyway!
Not sure how I upload charts but will give it a go!
J
Hi J,

that was a super S3 H4 trade, ... near perfect! Congrats!
very nicely follow up from week 16.

> TDI crossed
> boune off EMA 200 on H4
> bounce off D channel
> H4 inside bar breakout
> price consolidation breakout of PAC .. typisch DM trade


Did you catch the return leg?

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,276
  • May 2, 2012 4:09am May 2, 2012 4:09am
Quoting emmanuel7788
Hi J,

that was a super S3 H4 trade, ... near perfect! Congrats!
very nicely follow up from week 16.

> TDI crossed
> boune off EMA 200 on H4
> bounce off D channel
> H4 inside bar breakout
> price consolidation breakout of PAC .. typisch DM trade


Did you catch the return leg?

Good Trading!

Thanks; the reverse was sparked by the ISM manuf. news yesterday and I dont enter until after news has settled by which time I was already shorting the Euro on another system so didn't want to replicate the trade, which is a very long way of saying 'no' I did not catch the return leg.
J
  • #7,277
  • May 2, 2012 4:29am May 2, 2012 4:29am
Quoting JamesBranson
Thanks; the reverse was sparked by the ISM manuf. news yesterday and I dont enter until after news has settled by which time I was already shorting the Euro on another system so didn't want to replicate the trade, which is a very long way of saying 'no' I did not catch the return leg.
J
well, that's a very valid 'no' because you showed us that we must be discipline and have prudence in trading and not over exposing our capital.
that's good lesson to learn
thanks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,278
  • May 2, 2012 7:37am May 2, 2012 7:37am
a very slow moving pair today.
just took partial exit at +40pips, and BE remaining position.
will wait and see how London close in about 2 hours.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 2 May H1 trade partial close 2-5-2012 10-31-14 PM.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,279
  • May 2, 2012 8:03am May 2, 2012 8:03am
Quoting emmanuel7788
Hi ROB,

sorry for this late reply. I am taking a short break with the market holidays and spend less time online.

anyway, the NZDUSD story started in week 10 when I was looking at a possible position trade. See page 442 post#6628.
[color=black][font=Verdana]it has been since 8 weeks of waiting and there is no sign of USD strengthening make this trade come true. Let's see whether the next kiwi rate annoucement will make it happen. Aussie RBA did the damage yesterday,...
thanks Emm
brilliant , as always - i always learn from your posts.
best regards
ROB
  • #7,280
  • May 2, 2012 8:33am May 2, 2012 8:33am
I have all the necessary indicator for the 4H tf i hope
can you share the .tpl please


thanks in advance
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