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  • #7,381
  • May 21, 2012 7:01pm May 21, 2012 7:01pm
Quoting yogesheena
a perfect H4 trade if u all agree

same set up is there for EU and USDCHF buit if u all agree this i cna get the power to go for other two trades...

Hi yogesheena,

That's is not a perfect setup. Market do not always respond to the D-channel. We need to look at PA.
X-man mentioned that we need "extra patience and lots of dispcipline" in his S3 4H pdf description.

The discipline requires us to wiat for every candle/bar close before we decide if there is a setup or not, and also making a quick check of the other rules.

In this trade, the H4 candle has not close and I thinbk it was the first hour when NYO.

There is also a EMA4 ( period4,shift 0) which will often help keep us in check.

See attached where I commented on your chart.

Good attempt but there are good lessons for everyone following this thread.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: yogesheena perfect 20eg update.png Size: 587 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,382
  • May 21, 2012 7:51pm May 21, 2012 7:51pm
Hi,

Just an update of my view on EU now.
There may be a good trade setup for those trading D chart TF.
But one of my trading rule: DO NOT chase price.
The last swing low is more than 170 pips away.
How to get a better entry price with a smaller initial R?

Patience ... wait.

Do you see the H1 TDI blue BB narrowing? Also look at H4 and D.
But always check PA which will be your final decision.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 21 22 May view 22-5-2012 8-39-29 AM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,383
  • May 21, 2012 11:17pm May 21, 2012 11:17pm
hi everyone, i am new to this forum and i am from singapore, great forum and i hope to learn from everyone here. Previously i was reading alot on candlesticks and i realise this xman system actually uses synergy bars, so its something really different, will be posting my trades setup here and hope to learn from all here
  • #7,384
  • May 22, 2012 12:52am May 22, 2012 12:52am
Quoting Fxaddicts
hi everyone, i am new to this forum and i am from singapore, great forum and i hope to learn from everyone here. Previously i was reading alot on candlesticks and i realise this xman system actually uses synergy bars, so its something really different, will be posting my trades setup here and hope to learn from all here

Welcome to the big family here.
  • #7,385
  • May 22, 2012 1:20am May 22, 2012 1:20am
Hi,
Not sure I agree with the analysis here.....we enter at the open of the second candle after the break of the green across the red ( whilst breaking blue bands) all this happened in exactly this order.........the 4 hour and daily trend is down, it bounced off the channel........that's it! all main rules met....and trade lost....it happens.......we dont have look for absolute reason for every losing trade or we will never enter a trade! Sure the daily had crossed but I would like to see analysis over 10 years of only taking the above setups when the daily cross is in line?
J






Quoting emmanuel7788
Hi yogesheena,

That's is not a perfect setup. Market do not always respond to the D-channel. We need to look at PA.
X-man mentioned that we need "extra patience and lots of dispcipline" in his S3 4H pdf description.

The discipline requires us to wiat for every candle/bar close before we decide if there is a setup or not, and also making a quick check of the other rules.

In this trade, the H4 candle has not close and I thinbk it was the first hour when NYO.

There is also a EMA4 ( period4,shift 0) which will often help keep us in check....
  • #7,386
  • May 22, 2012 1:54am May 22, 2012 1:54am
which SHI channel indicator you believe in?
two different SHi channel indicator posted in this thread show different.
How much weight do you put for each of the rules?
PA is king like what X-Man always said.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP channel bounce.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,387
  • May 22, 2012 2:05am May 22, 2012 2:05am
Quoting JamesBranson
Hi,
Not sure I agree with the analysis here.....we enter at the open of the second candle after the break of the green across the red ( whilst breaking blue bands) all this happened in exactly this order.........the 4 hour and daily trend is down, it bounced off the channel........that's it! all main rules met....and trade lost....it happens.......we dont have look for absolute reason for every losing trade or we will never enter a trade! Sure the daily had crossed but I would like to see analysis over 10 years of only taking the above setups...

Hi J

I was focus my comment on the setup not on the outcome of this trade.
After all, like many traders say it all depends on the traders' style.
X-Man is agressive, so is Big E in his TMS and Dean Malone' synergy method is conservative.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,388
  • May 22, 2012 2:21am May 22, 2012 2:21am
Quoting emmanuel7788
which SHI channel indicator you believe in?
two different SHi channel indicator posted in this thread show different.
How much weight do you put for each of the rules?
PA is king like what X-Man always said.
hmm. expect it to come back down?
  • #7,389
  • May 22, 2012 2:30am May 22, 2012 2:30am
I agree Emmanuel every trader has his 'style' so to speak but rules are rules and this is X-man thread and if I am not mistken we follow his rules unless they have changed.....otherwise this is not a thread about X-man system as it is meant to be but I general chat about what different peopl think? Just my opinion but I think it confuses people if we have too many opinions...............
Have a great day everyone!
J




Quoting emmanuel7788
Hi J

I was focus my comment on the setup not on the outcome of this trade.
After all, like many traders say it all depends on the traders' style.
X-Man is agressive, so is Big E in his TMS and Dean Malone' synergy method is conservative.

regards,
  • #7,390
  • May 22, 2012 3:08am May 22, 2012 3:08am
Hi,
Just took a H1 trade earlier.

See attached chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 21 H1 trade 22 May 22-5-2012 3-52-05 PM.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,391
  • Edited 4:12am May 22, 2012 3:12am | Edited 4:12am
hi emmanuel, nice trade setup
  • #7,392
  • May 22, 2012 4:36am May 22, 2012 4:36am
Quoting Fxaddicts
hi emmanuel, nice trade setup

Brought down by bad GU news.
  • #7,393
  • May 22, 2012 11:54am May 22, 2012 11:54am
For those that are interested in the original X-Man S3 4H Swing Method, here is the equity curve if you took every trade as per the rules (the only difference is I dont trade USD/CHF) from January 1 this year to present betting 1% of total Equity per trade. The results speak for themselves and yes I took most of these; my actual equity curve including missed trades, slippage, mistakes etc was around 70% of this........you dont need any more indicators or anyone to tell you what they think, just follow the rules, do your backtesting (I backtested this for 7 years ) and place your bets.......yes the drawdowns are larger than 2.5% historically, 19% was the worst......and guess what.... there are losing trades, lots of them....but if you do the maths and follow good money management techniques you get through them....oh and you will make a ton of cash too......enjoy!
J
  • #7,394
  • May 22, 2012 11:58am May 22, 2012 11:58am
oops forgot to attach file.....

Quoting JamesBranson
For those that are interested in the original X-Man S3 4H Swing Method, here is the equity curve if you took every trade as per the rules (the only difference is I dont trade USD/CHF) from January 1 this year to present betting 1% of total Equity per trade. The results speak for themselves and yes I took most of these; my actual equity curve including missed trades, slippage, mistakes etc was around 70% of this........you dont need any more indicators or anyone to tell you what they think, just follow the rules, do your backtesting (I backtested...
Attached File(s)
File Type: xls S3EquityCurve.xls   149 KB | 790 downloads
  • #7,395
  • May 22, 2012 7:36pm May 22, 2012 7:36pm
Quoting Fxaddicts
hi emmanuel, nice trade setup

hi Fxaddicts,

well not every technical setup will turn out to be winner. this trade ended in -35pips.

still have a lot to practice using M15 as early entry and learning from a great trader Phx62.

Below links to X-Man posts referencing Phx62:
Post#13708
http://www.forexfactory.com/showthread.php?p=5156790#post5156790
if you guys want to have an early entry then follow the way Phx62 trades, he goes to the 15m chart to enter and catch the momentum early, so you wont have to wait for the entire 1H candle to form then enter.

post#382
http://www.forexfactory.com/showthread.php?p=5176653#post5176653

Guys im posting charts from a very well experienced trader that trades the E/U 1H method his name is PHX62.
He doesnt always trade exact times but you can learn from his charts.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,396
  • May 22, 2012 7:41pm May 22, 2012 7:41pm
Quoting Con
Brought down by bad GU news.
hi Con,

well this trade is a loss -35pips.

looking at the USD now, it resume strength overall against all its pairs after the pullback last Frdiay ahead of the G8 meeting.

now back to waiting.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,397
  • May 22, 2012 7:55pm May 22, 2012 7:55pm
Quoting JamesBranson
For those that are interested in the original X-Man S3 4H Swing Method, here is the equity curve if you took every trade as per the rules (the only difference is I dont trade USD/CHF) from January 1 this year to present betting 1% of total Equity per trade. The results speak for themselves and yes I took most of these; my actual equity curve including missed trades, slippage, mistakes etc was around 70% of this........you dont need any more indicators or anyone to tell you what they think, just follow the rules, do your backtesting (I backtested...

Hi J,

thanks for sharing the equity curve chart.
it shows that the S3 4H method works for you. Well done mate!

Notice the numbers : 89 trades, 55 wins, 39 losses. .. by sheer coincidence these number 89,55, 34 are also Fibonacci series numbers.

I was sitting in Larry Pasavento seminar the other day and he was explaining about Fibonacci and some other stuff related to the cosmic. Quite funny listening to him describe what some traders analyse the market and mixing thing like astrology. Sorry this is off topic.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,398
  • May 22, 2012 8:31pm May 22, 2012 8:31pm
hi emmanuel, thanks for sharing the post, wow, realise this trend is so full of information and sharing. After some time of trading, i came to realise that there is no holy grail, its more of mastering the system you have on hand and really executing it flawless, ya no such thing as flawless so thats where the discipline and money management comes in.
hi james, thanks for sharing your equity curve, its always good to see traders achieving the results they want. i am going to kickstart my backtest as well, will be starting with the 1hr session first. Lots n lots of backtesting
  • #7,399
  • May 23, 2012 1:59am May 23, 2012 1:59am
Thats right. Back test is the way. Any questions can just post here. Emmanuel will greatly lend his help.
  • #7,400
  • May 23, 2012 2:12am May 23, 2012 2:12am
Quoting okanemici
Hi Yogesheena,

Your mistake is not considering the D1 tdı cross and direction.Since the d1 cross was up, shortng with a h1 and h4 cross down would only be a suicide, I know that channel bounce made you sure about it, but that channel line is nothing just a line.Big boys dont even see that line. What you need to do is using mtf tdi.Since the d1 was up you need to wait for 1h and 4h to cross up then long it.Here is the indicator to do that.You need 1h, 4h and d1 tdi on chart.When all are in same direction with a cross go for it.

If you...
THanks brothers for the explanation i had lost hope only , one more favor bro can you mail me your TPL or just poast here is also fine , from now on i will look for all the TDI cross at one direction


thanks this solve lot of my problems

regards
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