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  • #7,281
  • May 2, 2012 11:05am May 2, 2012 11:05am
Quoting emmanuel7788
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.
Nice trade......at what % of ADR to you typically look to take your profits?
J
  • #7,282
  • May 2, 2012 6:56pm May 2, 2012 6:56pm
Quoting pinux76
I have all the necessary indicator for the 4H tf i hope
can you share the .tpl please


thanks in advance

Hi pinux,

attached is my S3 template with the indicators - SM ADR Marker and SonicChartPanel (post 3626) to show the DPv.

For the S3 4H indicators and template, please goto X-Man post on page 342 Post#5118.

Note: I do not use the SHI channel but prefer to draw my own channels on D and H4 TFs.

Let me know if you need other information and help.

Good Trading!
Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 829 downloads
File Type: tpl s3 with adr dpv.tpl   34 KB | 614 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,283
  • Edited 7:13pm May 2, 2012 7:03pm | Edited 7:13pm
Quoting JamesBranson
Nice trade......at what % of ADR to you typically look to take your profits?
J

Hi J,

For intraday, I usually set my target objective at 60% of the ADR. I look at the average day range of the last 100-days, and when there is a previous day narrow ranged, a breakout potential is there and I just have to manage the exits based on volatility during the trading day.

For this NZDUSD trade, my initial SL was 40pips (R) so I exit partial at +R and BE the remaining position.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,284
  • May 2, 2012 7:17pm May 2, 2012 7:17pm
Finally this slow moving trade closed.
Woke up only to see the spike.
Now back to waiting to see if there will be a rebound today.
With Tokyo markets close today, may not see much movement this morning here till LO.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 2 May H1 trade closed 3-5-2012 8-05-46 AM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,285
  • Edited 12:40am May 3, 2012 12:25am | Edited 12:40am
in case some of you have not watch this video, here is the link:

http://www.compassfx.com/video/ip/50212/50212.html


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,286
  • May 3, 2012 12:38am May 3, 2012 12:38am
Quoting emmanuel7788
Hi pinux,

attached is my S3 template with the indicators - SM ADR Marker and SonicChartPanel (post 3626) to show the DPv.

For the S3 4H indicators and template, please goto X-Man post on page 342 Post#5118.

Note: I do not use the SHI channel but prefer to draw my own channels on D and H4 TFs.

Let me know if you need other information and help.

Good Trading!
very thanks and good trading and money too hehe
  • #7,287
  • May 3, 2012 8:04am May 3, 2012 8:04am
Quoting emmanuel7788
Hi J,

For intraday, I usually set my target objective at 60% of the ADR. I look at the average day range of the last 100-days, and when there is a previous day narrow ranged, a breakout potential is there and I just have to manage the exits based on volatility during the trading day.

For this NZDUSD trade, my initial SL was 40pips (R) so I exit partial at +R and BE the remaining position.

regards,
That makes perfect sense Emanuel, good work. I also trade another system with is similarly based on volatility break-outs of narrow ranges which worked well yesterday on a nuimber of the majors. I would be interested as I am sure would some of the newer members if you shared with us your experience of drawing your own channels as you mentioned? I believe this is what turns this system into a being really profitable and although my experience is limited on drawing channels I tend to do a 'Paul Tudor Jones' as it is known.....make my chart fill a large screen and go stand at the other end of the room and if I cant see obviously where it is going I pass that pair. Also I tend to use visual 1 day channels for trading the 4 hour and visual 4 hour channel for trading the 1 hour so anything that can help would be greatly received?
J
  • #7,288
  • May 4, 2012 2:13am May 4, 2012 2:13am
I don;t see any H1 setup now, except for narrow range Asian session breakout potential.
But with German news in 2 hours and NFP later, it can go anywhere. No point speculating.

Keep eyes open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,289
  • May 4, 2012 4:35am May 4, 2012 4:35am
Quoting emmanuel7788
I don;t see any H1 setup now, except for narrow range Asian session breakout potential.
But with German news in 2 hours and NFP later, it can go anywhere. No point speculating.

Keep eyes open.

it looks like better retail sales data did not help euro much.
so what if nfp data is pro-USD? should short eu?
  • #7,290
  • May 4, 2012 6:40am May 4, 2012 6:40am
Quoting JamesBranson
That makes perfect sense Emanuel, good work. I also trade another system with is similarly based on volatility break-outs of narrow ranges which worked well yesterday on a nuimber of the majors. I would be interested as I am sure would some of the newer members if you shared with us your experience of drawing your own channels as you mentioned? I believe this is what turns this system into a being really profitable and although my experience is limited on drawing channels I tend to do a 'Paul Tudor Jones' as it is known.....make my chart fill a...
Hi J,

I have shared some charts using channeling technique in recent weeks.
Here are the post# -
P476#7138 , #7149, #7154 EURAUD
P478/#7168 AUDCHF
P480#7192 , P481#7206 EURJPY
P482/#7224 , #7226, #7231 EURUSD
P483#7238 AUDUSD

There is a website www.elliottwave.com where you will find some free stuff on EW channeling by Jeffrey Kennedy. Use the search at the site. There is a complete online tutorial but you need to sign up as a member. It's free. Also available is a paid online course.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,291
  • May 4, 2012 8:56am May 4, 2012 8:56am
Quoting emmanuel7788
Hi J,

I have shared some charts using channeling technique in recent weeks.
Here are the post# -
P476#7138 , #7149, #7154 EURAUD
P478/#7168 AUDCHF
P480#7192 , P481#7206 EURJPY
[font=Verdana][color=black][color=black][font=Verdana][size=2]P482/#7224 , #7226,...
Great thx Emmanuel
J
  • #7,292
  • May 6, 2012 6:12am May 6, 2012 6:12am
Thanks for sharing .. i have learn it for a month but because of my pool knowledge and bad english >< i still can use it very well
  • #7,293
  • May 6, 2012 8:45am May 6, 2012 8:45am
Hi,
My week 19 plan: see attached chart
D chart show a nice EW wave formation. I am sure may EW traders will be watching how the week 18 wave will end.
W candle pattern looks like very bearish and MN also is bearish.

Price is in a critical area approaching the BRN 1.3000 and with price moving in a down D channel.
I am bearish when Monday open, and will looking to see how PA will react near the support zone. Should day range be narrow, breakouts are always the better way to catch some pips.
Another bullish bounce off 1.3000 can mean high probability bullish move which can break the previous week high and target 1.34

Have a Good Trading week!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 19 trade plan 6-5-2012 8-59-29 PM.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,294
  • May 7, 2012 1:26am May 7, 2012 1:26am
after the huge gap down when market re-open today, price seems to pullback on H1 and H4.
with H1 TDI cross up and deep in the oversold region, maybe some short term H1 trade to catch the pullback can be good idea.

D, W and MN remain very bearish.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,295
  • May 7, 2012 7:54am May 7, 2012 7:54am
Quoting emmanuel7788
after the huge gap down when market re-open today, price seems to pullback on H1 and H4.
with H1 TDI cross up and deep in the oversold region, maybe some short term H1 trade to catch the pullback can be good idea.

D, W and MN remain very bearish.
another slow moving trading day.
Took a trade breaking the Tokyo 5H high and the opportunity to close the weekend gap.
The WPv 1.3040 is resistance now and can stop this trade. But H4 TDI cross looks good.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 19 H1 7 May 7-5-2012 8-28-19 PM.png Size: 113 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,296
  • May 7, 2012 10:41pm May 7, 2012 10:41pm
Hi X-mans,

sorry if i'm bothering u

but i need an elaboration regarding your system on how to determine the SL adn TP,

about Take Point, what kind of ratio is the "1:1" or "1:3" or "1:2"??

and about SL,, i need more specific information about "high swing" and "low swing",

thanks in advance bro
  • #7,297
  • May 8, 2012 2:41am May 8, 2012 2:41am
There were strong TDI crossovers on around 8 of the main pairs the 4 hour system trades yesterday; however the only 1 that met all the rules was USD/CAD (as the only pair where the signal was in the direction of the daily trend)......I went short yesterday and the trade is now around b/e.....when the 4 hour closes in 1.5 hours if it is a reversal bar I will exit,if it is a doji I will stay in and see where it goes.......I am also short the EUR 1H on a bounce trade from the London Open which along with being a solid trade acts as a hedge for the USD/CAD trade........
J
Attached Image (click to enlarge)
Click to Enlarge Name: usd_cad 4h trade.jpg Size: 149 KB
  • #7,298
  • Edited 8:22am May 8, 2012 4:37am | Edited 8:22am
CAD trade stopped out for 0.5 unit loss and EUR short still in play although in hindsight GBP was the weaker pair and represented a better short.........note to self: remember to always sell the weaker hand (pair) and buy the stonger hand!


Eur Short stopped out for 0.1 loss

Quoting JamesBranson
There were strong TDI crossovers on around 8 of the main pairs the 4 hour system trades yesterday; however the only 1 that met all the rules was USD/CAD (as the only pair where the signal was in the direction of the daily trend)......I went short yesterday and the trade is now around b/e.....when the 4 hour closes in 1.5 hours if it is a reversal bar I will exit,if it is a doji I will stay in and see where it goes.......I am also short the EUR 1H on a bounce trade from the London Open which along with being a solid trade acts as a hedge for the...
  • #7,299
  • Edited May 9, 2012 3:30am May 8, 2012 5:17am | Edited May 9, 2012 3:30am
Hi Traders,

For those of you who like to try out on the MT5 platform can use the indicator and template below.

I have provided two charts to compare both Synergy APB and TDI on both platform. You will notic that the "TDI" in MT5 chart is a combination of indicators, and it is not 100% identical. Netherless we have something to work with at this moment until some coder write a single indicator for this purpose.

So happy demo.

Note: Just let me know if you have installation problems.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MT5 EURUSD.jpg Size: 160 KB
Click to Enlarge Name: MT4 EURUSD.jpg Size: 139 KB
Attached File(s)
File Type: ex5 Synergy_APB.ex5   7 KB | 465 downloads
File Type: tpl TDI(mt5).tpl   41 KB | 456 downloads
  • #7,300
  • May 8, 2012 9:47am May 8, 2012 9:47am
Quoting sukhoimaru
Hi X-mans,

sorry if i'm bothering u

but i need an elaboration regarding your system on how to determine the SL adn TP,

about Take Point, what kind of ratio is the "1:1" or "1:3" or "1:2"??

and about SL,, i need more specific information about "high swing" and "low swing",

thanks in advance bro
Hello sukhoimaru,

X-Man is away from this thread as he is busy and want to focus on other project....big $$$$.

For newcomer, there are a lot of video lessons at this site:
http://www.compassfx.com/synergy/commentary.htm#Video

it can be rather overwhelming to watch all the videos, but take your time and learn the Synergy system.

specifically two videos which may answer your questions.

Where to place Stop Loss and Take Profit:
http://www.compassfx.com/video/flash/111510/111510.html


Swing high, swing low:
- http://www.compassfx.com/video/ip/41212/41212.html

SL is Stop Loss
TP is Take Profit

1:1 , 1:2 and 1:3 are terminology refer to Risk Reward ratios.


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