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  • #7,861
  • Jul 22, 2012 3:19pm Jul 22, 2012 3:19pm
Quoting Phx62
Trades 1 & 2...Sunday night....late entry....price stalled for several hours...got out with +30....re-entered long on a cross of the TDI and a break of the setup candle.
Trades 3,4 & 5....all entries were based on the usual PA and TDI confirmations......watched the 200 EMA very closely....price broke and pulled back several times for the rest of the week. Price often stalls at the 200 EMA and then sometimes continues in the original direction but more often than not, it pulls back. This week it pushed through several times but each time it pulled...

Phx62 now I' very very happy!

Thanks again for your important information!

Have a nice week & trade!
  • #7,862
  • Jul 22, 2012 4:36pm Jul 22, 2012 4:36pm
Quoting james2ko
There was a rare Asian session pullback candle. Entered at break of Asian session low. Although it retraced a bit, the sixth sense I've developed over time (and with perserverance, you can too) suggested it would fall. Been exclusively forward testing the 1hr method for 8 solid months. The first four were disasters, the next two were break even, the last two have been very profitable. Stick with one method, one currency and you'll be amazed at the results. Thank you Xman, PH62, and Emmanuel for sharing.
Hi James and Phx,

I've seen that your EMA200 -white- (comparing them with my graph) is "Simple" mode.
Phx62 use "Exponential" EMA200 ... is it true?

What is the best? ;-)
Thanks
Regards
  • #7,863
  • Jul 22, 2012 7:18pm Jul 22, 2012 7:18pm
Hi Everyone,
Good Morning.

It is great to see Phx62 post his week 29 EU trades. So many lessons seeing the details of each one of the trades he took last week.

I really must slap myself for deviating from the simple system X-Man started and shared with us. I missed the simplicity of the S3 EU H1 method for trade entry.

Thank you Phx62 for pointing out the light at the end of the tunnel.
Keep it Simple and Be Consistent.

Good Trading to ALL!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,864
  • Jul 22, 2012 10:27pm Jul 22, 2012 10:27pm
This morning trade AUDJPY at the start of the trading day.

Enter Sell as the trend indicator show a good downward trend dispite TDI is below the 32 level.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-22 AUDJPY EP + 1TP.jpg Size: 214 KB
  • #7,865
  • Jul 23, 2012 3:43am Jul 23, 2012 3:43am
Quoting Vantage
Can you actually pin point at what stage the switch clicked on for you? What made the difference in winning v losing, the little tip, the losing set ups avoided?

That would help many people I'm sure.
There really wasn't a definitive "aha" moment. It was a gradual and psychology grueling learning curve. Unfortunately, there are no shortcuts. Believe me, I tried them all As xman and others have been saying all along, there is no substitute for plenty of backtesting, screen time, and forward testing. Employing these tactics while sticking with one method-one currency was what did it for me, at least as far as the 1 hr method is concerned. I do not trade the 4 hr method. BTW, I'm nowhere near Ph62's league but hope to get there one day.
  • #7,866
  • Jul 23, 2012 5:30am Jul 23, 2012 5:30am
Finally colse trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-22 AUDJPY closetrade.jpg Size: 130 KB
  • #7,867
  • Jul 23, 2012 10:54am Jul 23, 2012 10:54am
Quoting Phx62
Trades 1 & 2...Sunday night....late entry....price stalled for several hours...got out with +30....re-entered long on a cross of the TDI and a break of the setup candle.
Trades 3,4 & 5....all entries were based on the usual PA and TDI confirmations......watched the 200 EMA very closely....price broke and pulled back several times for the rest of the week. Price often stalls at the 200 EMA and then sometimes continues in the original direction but more often than not, it pulls back. This week it pushed through several times but each time it pulled...
Interesting comparison. Here is my chart for that week
Attached Image (click to enlarge)
Click to Enlarge Name: 6E TDI 16 - 20 07 2012.png Size: 67 KB
Cut your Losers short and let your Winners run.
  • #7,868
  • Jul 24, 2012 2:55am Jul 24, 2012 2:55am
my EU trade opened.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 trade 24 Jul 24-7-2012 3-50-58 PM.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,869
  • Jul 24, 2012 4:05am Jul 24, 2012 4:05am
Hi all, the eurusd is loosing momentum, I'm slightly concerned
--We are products of our own decisions--
  • #7,870
  • Jul 24, 2012 4:13am Jul 24, 2012 4:13am
Quoting Phx62
if I had traded on Thursday, entry would have been made at the NY open on the candle close below the 200 EMA.
Hallo Phx62
I'm learning this method and I don't know why you rejected this signal (to me it is a signal ) Second red candle of London session, bounce off 200 EMA, TDI cross, break of Assian session ?
  • #7,871
  • Jul 24, 2012 7:46pm Jul 24, 2012 7:46pm
Quoting emmanuel7788
my EU trade opened.
just an update on this trade taken yesterady.
Trade partial exit +40pips. Now BE remaining pos and manage.

Good Trading to ALL!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD H1 trade 24 Jul 24-7-2012 3-50-58 PM.png Size: 19 KB
Click to Enlarge Name: EURUSD H1 trade 24 Jul update 25-7-2012 8-06-48 AM.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,872
  • Jul 25, 2012 12:11am Jul 25, 2012 12:11am
Quoting emmanuel7788
just an update on this trade taken yesterady.
Trade partial exit +40pips. Now BE remaining pos and manage.

Good Trading to ALL!
Hi Emmanuel7788,

In your chart white line shows high and low . can you please send me this indicator.
thanks in advance.
  • #7,873
  • Jul 25, 2012 4:11am Jul 25, 2012 4:11am
Quoting emmanuel7788
just an update on this trade taken yesterady.
Trade partial exit +40pips. Now BE remaining pos and manage.

Good Trading to ALL!
hi emmanuel,

it's so nice of u to post the trade!

When u enter the break of Asian session, and it retracted to the Asian Level, will u close the trade and wait for another entry?
  • #7,874
  • Jul 26, 2012 4:29am Jul 26, 2012 4:29am
Quoting umpats
Hi Emmanuel7788,

In your chart white line shows high and low . can you please send me this indicator.
thanks in advance.

please read the recent post page 523 Post#7842
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,875
  • Jul 26, 2012 4:34am Jul 26, 2012 4:34am
Quoting xuflyeven
hi emmanuel,

it's so nice of u to post the trade!

When u enter the break of Asian session, and it retracted to the Asian Level, will u close the trade and wait for another entry?
hi,

that depends on the price action after my trade entry and the situation.
but more often than not, I do not exit simply because price etraces back into the Asian session range.
There were ocassions after my entry and I see a reversal pattern, I will either exit or reduce my risk.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,876
  • Jul 26, 2012 4:42am Jul 26, 2012 4:42am
Anyone take Short on EU?
Reason : breaking asia season low..
  • #7,877
  • Jul 26, 2012 4:45am Jul 26, 2012 4:45am
Quoting emmanuel7788
hi,

that depends on the price action after my trade entry and the situation.
but more often than not, I do not exit simply because price etraces back into the Asian session range.
There were ocassions after my entry and I see a reversal pattern, I will either exit or reduce my risk.

regards,
thanks for ur explaination!

good trading to all~
  • #7,878
  • Jul 26, 2012 4:52am Jul 26, 2012 4:52am
Quoting alexbs
Anyone take Short on EU?
Reason : breaking asia season low..
i rather to take long.

my reason: 1. price are near EMA60 and no easy to break without large energy or exiting news
2.if the price break the yesterday's low, i will make a short.

just some personal thought, hope to be revised!!!


thanks those who sharing without return but help others~
  • #7,879
  • Jul 26, 2012 4:53am Jul 26, 2012 4:53am
Quoting emmanuel7788
please read the recent post page 523 Post#7842
Thank you Emmanuel7788.
  • #7,880
  • Jul 26, 2012 4:58am Jul 26, 2012 4:58am
Nice post!
for EU H1 method, what else should I look except S/R?
I am quite confused about the entry time after TDI crossed. Can anyone give me more suggestion?

THX
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