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  • #7,301
  • May 8, 2012 1:51pm May 8, 2012 1:51pm
Hello fellow S3 mates,

I know that this is not an A+ setup on USD/CAD but the 4H has a very good pullback candle. TDI has not touched bands, but has bounced off Daily channel on a downtrend so im pretty sure that this is going to be a big move.
Short U/C
SL at 1.0030
TP just before 200EMA at 0.9930

Did anyone else take this?

Theres also confirmation with a divergence
  • #7,302
  • May 8, 2012 1:58pm May 8, 2012 1:58pm
Quoting emmanuel7788
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


[font=Verdana]Swing...
Hi ,
I am confused why this guy was directed to these videos? Isn't this is little complex? The rules are simple on the 2 PDF's the founder X-man put together aren't they or did I miss something? I dont know what this site with tons of videos about different setups has to do with this thread can someone please explain?
thx,
J
  • #7,303
  • May 8, 2012 9:36pm May 8, 2012 9:36pm
Quoting JamesBranson
Hi ,
I am confused why this guy was directed to these videos? Isn't this is little complex?.....
J
I just like to make a short explanation on the above.

Dean Malone is the person that developes the TDI indicator, and through his videos explanation you will have a better understanding of the purpose of each individual line in the indicator.

Unfortunately as the video collection are accumilated over the years; newcomer may find it difficult to find a starting point, so select certain topic to start with.

Hopefully this will answer your question.
  • #7,304
  • May 8, 2012 11:34pm May 8, 2012 11:34pm
Quoting SoniPipster
Hello fellow S3 mates,

I know that this is not an A+ setup on USD/CAD but the 4H has a very good pullback candle. TDI has not touched bands, but has bounced off Daily channel on a downtrend so im pretty sure that this is going to be a big move.
Short U/C
SL at 1.0030
TP just before 200EMA at 0.9930

Did anyone else take this?

Theres also confirmation with a divergence

Hi SoniPipster,

With market testing the parity level for several weeks, it can go higher or move sideway for days.

But with my own D channel, I am looking to see if there will be a reversal near the 1.0070 region. A break of the upper channel and a strong reversal setup on either H4 or D would be nice. My target is about 80% of the channel range, so if market give me a setup with initial SL around 80~100pips, then a trade with RR of 1:2 would be good for trade decision.

Stay alert on this one.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 19 9-5-2012 12-20-46 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,305
  • May 9, 2012 12:02am May 9, 2012 12:02am
Quoting JamesBranson
Hi ,
I am confused why this guy was directed to these videos? Isn't this is little complex? The rules are simple on the 2 PDF's the founder X-man put together aren't they or did I miss something? I dont know what this site with tons of videos about different setups has to do with this thread can someone please explain?
thx,
J
Hi J,

I am sorry if my post reply to a junior member become an irritant to you. However, I was not able to PM “sukhoimaru” due to FF restrictions. But I felt he has some genuine questions which deserve answers but I do not have time to answer to each of his questions using post. So my post reply was perhaps to be general using what is available resources.

On reading “sukhoimaru” post/questions, I sensed there is language difference and also I was not sure about his level of trading knowledge. I had assumed he had been through this thread. I may be wrong here.

I do agree with you that X-Man’s PDFs on S3 EU and 4H methods are simple. In the S3 EU pdf X-Man specifically directed members to www.babypips.com and I do hope every member wannabe trader have done so.

X-Man himself also shared in this thread how some of the videos had benefitted him.
See his posts below being some examples:

Post #3342
http://www.forexfactory.com/showthre...33#post5338833

Post #5320 and post#5327
http://www.forexfactory.com/showthre...22#post5412122

Post #5346
http://www.forexfactory.com/showthre...24#post5412424

In one of his posts, X-Man also highlighted that Dean Malone’ trading is conservative and I agree with him. X-Man’s S3 EU H1 is a aggressive method and require very good reading of price action and market momentum to capture the increase liquidity when London Open. Many new traders still struggle with this EU H1 method and not able to trade this consistently.

I agree with you there are tons of videos therefore I said that it can be rather overwhelming. But the variety of videos covers a wider range of topics other than Synergy trade setups. The Video Index which shows the categories of topics, especially on Synergy method and TDI, Techniques and Management, and even there is a section on MT4 trading platform. The Asian session strategy is one which I adapted to my own system and definitely worth a look.

Dean Malone’ Synergy system uses both the TDI and APB. I do not know if he created both the TDI and APB, but his Synergy system uses these indicators.
Here at FF, we have eelfranz’s (aka Big E) Trading Made Simple, X-Man’ S3, Brtpip7’ TMS for Day Charts. There are new threads started at FF using the TDI which I find interesting how many ways one can trade using this TDI.

For myself, I watch those videos over and over again whenever I have doubt of my own trades and I have learn a lot more in doing so.

Anyway, let’s wait and hear from member sukhoimaru what he thinks and whether the two videos which I highlighted has help answer his questions.

Have a Good Trading day ahead.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,306
  • May 9, 2012 1:52am May 9, 2012 1:52am
Good setup on CAD I believe.....it has touched the daily channel and already had a very good fake signal so a bounce trade at the next 4 hour looks good if we get a reversal bar.......similar trade long on AUD/JPY which has also hit daily channel.....dont forget X-mans rules that he will always take a trade when it bounces off the channel.....if it doesn't work we take the loss and move on.......keep it simple.
J


Quoting SoniPipster
Hello fellow S3 mates,

I know that this is not an A+ setup on USD/CAD but the 4H has a very good pullback candle. TDI has not touched bands, but has bounced off Daily channel on a downtrend so im pretty sure that this is going to be a big move.
Short U/C
SL at 1.0030
TP just before 200EMA at 0.9930

Did anyone else take this?

Theres also confirmation with a divergence
  • #7,307
  • May 9, 2012 3:56am May 9, 2012 3:56am
bullish dollar means loonie break yesterday's high.
target fib-e 127%
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,308
  • May 9, 2012 6:34am May 9, 2012 6:34am
Quoting emmanuel7788
bullish dollar means loonie break yesterday's high.
target fib-e 127%
my H1 trade partial close +30pips , trade now protected at BE.
Entry was done in M15 after first test of Tokyo 5H high.
Expect follow through of last week bullish candle close.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 9 May H1 trade 9-5-2012 7-20-17 PM.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,309
  • May 10, 2012 2:24am May 10, 2012 2:24am
Short USD/CAD 4H trade.......Long AUD/JPY 4H trade.......both in play.....both hit channel.....
J
  • #7,310
  • May 10, 2012 6:15am May 10, 2012 6:15am
Hi emmanuel7788

I'm studing how to recognize the range because in trend the system is OK
for me , I study only the eurusd tf60 for the main trend ed tf5 for the entry

the yellow dot line is the entry (at tf 60)for me to Short the tdi have a good angle
the stop loss is the high previous 1.2963 the entry at 1.2944 + o -


how to manage my mind and the stress the price ho down (good for me) but
jump up to my price entry ( my stupyd mind whont to exit) but the trend is
going down and I'm in gain

the question is how to manage the entry position in pip or in bar time o whatever you want.



sorry for my basic and bad english
thanks a lot
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ScreenHunter_46 May. 10 13.10.gif Size: 35 KB
  • #7,311
  • May 10, 2012 11:20am May 10, 2012 11:20am
well so much for this method. With the EU ranging these past 4 months I doubt the magical 50 pps a day is being made on this pair.
  • #7,312
  • May 10, 2012 2:27pm May 10, 2012 2:27pm
Hi,
Think this is a better A+ setup on 4H.
Long EUR/AUD
SL = 1.2780
TP = 1.2895
  • #7,313
  • May 11, 2012 2:25am May 11, 2012 2:25am
Quoting pinux76
Hi emmanuel7788

I'm studing how to recognize the range because in trend the system is OK
for me , I study only the eurusd tf60 for the main trend ed tf5 for the entry

the yellow dot line is the entry (at tf 60)for me to Short the tdi have a good angle
the stop loss is the high previous 1.2963 the entry at 1.2944 + o -


how to manage my mind and the stress the price ho down (good for me) but
jump up to my price entry ( my stupyd mind whont to exit) but the trend is
going down and I'm in gain

the question is how to manage the entry position...
Hi pinux,

Sorry I am busy and did not reply your post sooner.

Your trade entry looks ok at the time of entry and with a 25 pips initial SL also seems ok on the chart.
I was also looking for a sell trade but only when there is breakout of the Tokyo 5H low. Reason is I did not want to sell into a support. See chart.

If your initial Risk SL is 25 pips, that would be 'R'. Then normally I will exit part of my trade at +1R when market give me +25pips.
But in this trade, market did not move 25pips but rebound off the support.

That is what I would consider as unavoidable loss. It happens under ranging market condition but so long as we follow our trade plan with discipline and manage trades consistently, we will be profitable over a long term with many trades.

I will PM you later with more information on trade management.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: pinux76 10 May EU trade.gif Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,314
  • May 11, 2012 2:35am May 11, 2012 2:35am
Quoting hale-mary
well so much for this method. With the EU ranging these past 4 months I doubt the magical 50 pps a day is being made on this pair.
hi HM,

you are right that EU is in narrow day range for months. The same is true for all USD pairs.
therefore we must make adjustment to our trade plan and especially our target profit expectations under these market conditions.

In my opinion, it is better to measure trades results in term of R-multiples.
and with proper position sizing, the end results will be the same when we look at ROI.

This method is technical hence remains the same. What you need to work on is money management, risk management and position sizing.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,315
  • May 11, 2012 2:38am May 11, 2012 2:38am
Quoting SoniPipster
Hi,
Think this is a better A+ setup on 4H.
Long EUR/AUD
SL = 1.2780
TP = 1.2895

Good Trade!
Rising channel with good potential for more pips. Just manage the down side and let markt decide the upside.
Should hit your TP.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,316
  • May 11, 2012 7:42am May 11, 2012 7:42am
Here I like to highlight the technical difficulties traders are facing when using MT5.

Installing indicators to MT5 are much more complicated than that of MT4; because there are TWO locations that you can put your indicators and only one is working.

First go to your default folder and take a look at the files. In the picture below is is the Upper half.
If all the files shown have the extension "mq5"; then you are in the WRONG folder.

Next go the subdirectories as shown on the Lower half of the picture.
If every file name has a "mq5" and "ex5"; then you are at the CORRECT folder.
Put your indicators here.

Note:
1) I am using Window 7, so unable to tell you the location of other window version.
2) The subdirectories ..Terminal632-------075.. is generated when installing MT5 and each installation is different.
Attached Image (click to enlarge)
Click to Enlarge Name: MT5 combined folder.jpg Size: 117 KB
  • #7,317
  • May 11, 2012 7:58am May 11, 2012 7:58am
Quoting Star178
Here I like to highlight the technical difficulties traders are facing when using MT5.

Installing indicators to MT5 are much more complicated than that of MT4; because there are TWO locations that you can put your indicators and only one is working.

First go to your default folder and take a look at the files. In the picture below is is the Upper half.
If all the files shown have the extension "mq5"; then you are in the WRONG folder.

Next go the subdirectories as shown on the Lower half of the picture.
If every file name has a "mq5" and...
star178,

Was just woundering, what is the point in Using MT5 when the platform every one uses mostly is MT4. Is there any benefit or added advantage here, I can not see it if there is let me know. My opinion is to stick with MT4 and plan and use your time and efforts to plan your trades rather than dealing with Tech Issues with MT5. Just an added burden I'd say.

As always, just my own opinion and two Pips Worth.
Born to rule my Economic World and Make a Difference!
  • #7,318
  • May 11, 2012 9:31am May 11, 2012 9:31am
Quoting sharemaster2
star178,

Was just woundering, what is the point in Using MT5 when the platform every one uses mostly is MT4. Is there any benefit or added advantage here, I can not see it if there is let me know. My opinion is to stick with MT4 and plan and use your time and efforts to plan your trades rather than dealing with Tech Issues with MT5. Just an added burden I'd say.

As always, just my own opinion and two Pips Worth.
Thanks for pointing this out, if fact I have a few indicators & ea's on MT4 which I am currently using. The problems with MT4 (in my case) the platform is sometimes "sluggish" and also "requote" is necessary.

So trying out MT5 to see whether it operate faster as defined by the developer, but now I seems to note that it is making users difficult to add indicators (or not at all) so that they are not free available on the web; as all indicators have to be rewritten using the MQL5 language.

Netherless we are at the mercy of the brokers, so we have to improve our trading skills to such a level that we should be able to trade using very basic indicators provided on any chart given to us whether it's "inhouse platform" or "MT5" etc.
  • #7,319
  • May 11, 2012 6:42pm May 11, 2012 6:42pm
Quoting SoniPipster
Hi,
Think this is a better A+ setup on 4H.
Long EUR/AUD
SL = 1.2780
TP = 1.2895
Perfect call Sonipister, took it and hit tp Where can I learn this setup ?
  • #7,320
  • May 12, 2012 10:13am May 12, 2012 10:13am
Hi okanemici,

Moved my tp to 1.2925 so im still holding the trade. Tp is just before 127% on fib tool. Just keep following the 4H system n this thread n ull pick up setups like this
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