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  • #7,821
  • Jul 17, 2012 2:24am Jul 17, 2012 2:24am
Quoting bip
Hi, all.
In document "S3 E-U method.pdf" (post #1) X-Man wrote:

"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."

What means bearish candle, low, open, close?
These are parameters of regular candles or the Synergy indicator candles(Heiken Ashi)?
Hi bip

There were already a lot of posts asking about pulback candle.

For a clear explanation of Pullback candle by X-Man, please goto page 135 post #2019 to #2022.

Also a member name hupipko made a compilation of pullback candle many months ago. Just do a search using his name and look at the attachment.

For daily practice, you can post your charts here and other members will help and also comment on your charts. This is a good way for newbies to learn.

Below is a attachment to show you how you can use this forum search and also jump to any page you want.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: FF search and goto page tip.png Size: 98 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,822
  • Jul 17, 2012 3:21am Jul 17, 2012 3:21am
Quoting hupipko
Hi All,

I am happy I had found the S3 method following 18, unfortunately unsucessful months I spent with another method. It was very difficult to admit, that I have to change the method (J16 Price Action trading on M5 TF with BB and RSI), but sometimes you have to do it. Thank you for all the contributors, especially the "senior" members for your help here.

While backtesting during this weekend, I made a collection of 100 pcs S3 pullback candles/reversal or signal bars, as you like it and would like to share it with you.

These are rather...

here is hupipko' post.
Just click on the link. >
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,823
  • Jul 17, 2012 3:47am Jul 17, 2012 3:47am
Is GU H1 showing a potential bullish pullback candle (15mins to close)?
what are the risks for this setup?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,824
  • Jul 17, 2012 4:03am Jul 17, 2012 4:03am
Quoting emmanuel7788
Is GU H1 showing a potential bullish pullback candle (15mins to close)?
what are the risks for this setup?

Looks like is not a bullish pullback candle.

looking at H4, TDI cross down from 68 level and back into the blue band.

If is a bullish pullback? it might be dangerous?

Just a simple opinion.
  • #7,825
  • Jul 17, 2012 4:10am Jul 17, 2012 4:10am
Quoting Wqiang
Looks like is not a bullish pullback candle.

looking at H4, TDI cross down from 68 level and back into the blue band.

If is a bullish pullback? it might be dangerous?

Just a simple opinion.
1. the last 15mins changed everything. Always wait for H1 candle to close.

2. H1 TDI cross down and is below MBL

3. H4 TDI as Wqiang pointed out is very important as we must always reconcile with higher TF. But price can still move up despite TDI re-enter BB.

note H4 inside bar!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,826
  • Jul 17, 2012 12:27pm Jul 17, 2012 12:27pm
My last trade, with TP of 61 pips. The dashed lines are the lines of Key Price Levels (or suppor/resistance or demand /supply levels) identified by on W D and H4 TFs.

thrax
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4_strategy name_20120717184756.gif Size: 26 KB
  • #7,827
  • Jul 17, 2012 1:21pm Jul 17, 2012 1:21pm
Hey thrax,

where did you get the tdi degree indicator that's on your chart?

best regards
xeagon
  • #7,828
  • Jul 18, 2012 1:37am Jul 18, 2012 1:37am
I downloaded it from ff. I uploaded it and also the TDI indicator which is used for determining the angle value.

thrax
Quoting xeagon
Hey thrax,

where did you get the tdi degree indicator that's on your chart?

best regards
xeagon
Attached File(s)
File Type: mq4 @TDIAngle.mq4   3 KB | 470 downloads
File Type: mq4 TDI_RT.mq4   9 KB | 382 downloads
  • #7,829
  • Jul 18, 2012 4:13am Jul 18, 2012 4:13am
Hi,

Took this trade after LO.
Entry on the break of the last H4 candle low.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 29 H1 trade 18 Jul 18-7-2012 5-08-21 PM.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,830
  • Jul 18, 2012 8:37am Jul 18, 2012 8:37am
Hi,
Just closed this H1 trade.
Under such market condition, taking smaller profit is better.
In about 30mins, Bernie will speak again.
Yesterday he said what the Republicans want to hear.
Today he will say what the Democrats want to hear.

He is a balance chap. So you can guess which direction USD will go.
Just watch the PA.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 29 H1 trade closed 18-7-2012 9-24-40 PM.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,831
  • Jul 18, 2012 9:25am Jul 18, 2012 9:25am
Trade EURUSD (on M30) when ADX trend indicator show nice downword movement.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-18 EURUSD trade using ADX.jpg Size: 216 KB
  • #7,832
  • Jul 18, 2012 11:34am Jul 18, 2012 11:34am
Quoting Star178
Trade EURUSD (on M30) when ADX trend indicator show nice downword movement.
Fantastic trade!
  • #7,833
  • Jul 18, 2012 2:34pm Jul 18, 2012 2:34pm
Quoting thrax
I downloaded it from ff. I uploaded it and also the TDI indicator which is used for determining the angle value.

thrax
Thanks!
  • #7,834
  • Jul 18, 2012 9:45pm Jul 18, 2012 9:45pm
Quoting emmanuel7788
Hi,
Just closed this H1 trade.
Under such market condition, taking smaller profit is better.
In about 30mins, Bernie will speak again.
Yesterday he said what the Republicans want to hear.
Today he will say what the Democrats want to hear.

He is a balance chap. So you can guess which direction USD will go.
Just watch the PA.

Dear emmanuel:

I see the white lines on your chart display 4 1h of each 4 hour,could u tell me the name of the indicator,very thanks,and sorry for my poor English.
  • #7,835
  • Jul 19, 2012 3:05am Jul 19, 2012 3:05am
Hi,

I'm following this thread for several month focused on XMan's S3 H1 method (not H4 yet) and EURUSD. I'd like to "add" another pair/s into my trading and my question is: what other pair u have good experience to trade with (consider H1 method only)?

Thank u.

chamel
  • #7,836
  • Jul 19, 2012 3:18am Jul 19, 2012 3:18am
Quoting chamel
Hi,

I'm following this thread for several month focused on XMan's S3 H1 method (not H4 yet) and EURUSD. I'd like to "add" another pair/s into my trading and my question is: what other pair u have good experience to trade with (consider H1 method only)?

Thank u.

chamel
I don't mean this in a nasty way but if you are comfortable with the method then its an ideal time to do your own back testing on various pairs. Thats the ONLY way you can be comfortable with a new pair.
  • #7,837
  • Jul 19, 2012 3:41am Jul 19, 2012 3:41am
Quoting Vantage
I don't mean this in a nasty way but if you are comfortable with the method then its an ideal time to do your own back testing on various pairs. Thats the ONLY way you can be comfortable with a new pair.
No problem Vantage, maybe my previous post was little bit misunderstanding, sorry for that. XMan somewhere wrote that H1 method works fine for EURUSD. I just wanted to know if anybody use this method for other pairs with good results as well. I dont go live with other pair without previous analysis, backtest, papertrade etc.
  • #7,838
  • Jul 19, 2012 6:20am Jul 19, 2012 6:20am
Quoting jimmysh
Dear emmanuel:

I see the white lines on your chart display 4 1h of each 4 hour,could u tell me the name of the indicator,very thanks,and sorry for my poor English.

Hi jimmysh,

Please goto these posts:

page 189 post #2826
page 499 post #7484

p/s your English is good enough.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,839
  • Jul 19, 2012 9:18am Jul 19, 2012 9:18am
Quoting emmanuel7788
Hi jimmysh,

Please goto these posts:

page 189 post #2826
page 499 post #7484

p/s your English is good enough.

regards,
EMMANUEL
Got it ,it is pretty helpful I think.
  • #7,840
  • Jul 19, 2012 8:37pm Jul 19, 2012 8:37pm
Hi Everyone.

Which currency pair to trade? This is a FAQ.
But X-Man taught us S3 H1 EU and it is for us to master this pair then move on using our experience and pick another pair or pairs to trade.

The recent days we experience some wide intraday swings and such market type make short term swing trading more difficult to manage.
You should know by now that the trading ranges for most currency pairs are much lower than compare to 3~5 years ago. GU and EU is well below 120pips per ADR, even the GJ usually a volatuile pair is only 120pips not more.

However, if you want to practice today, pick a trendy pair like AUSUSD. It had a good trend this week and ran up for 3 days successfully. Now there is a good potential setup for you to look and and decide how to trade it today. Do the usual thing - look at D, H4 and H1. AU has a ADr of 85 pips, so don't expect to make 100pips today for AU. I target only 60% of that 85pips and with a high probability setup with logical SL and position sizing, you can be profitable. Look for the kind of setup which we have read so many times posted by members here.
Trade Demo and post your chart before and after you took the trade today. Write down your thoughts what you see on your charts. Post you trades.

Talk to you all soon in few hours.
Need to catch up with some sleep now.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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