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  • #8,001
  • Aug 6, 2012 4:31am Aug 6, 2012 4:31am
Quoting Vantage
Hi dee
Love that chart, you seem to have those HH, LL flows nailed. Even the LH after divergence on the move up to 2340. Great stuff and I would like to see more of these types of posts. I'm sure they'll help lots of people.
Thanks for the compliment and support. All credit goes to those who went before me from whose knowledge and generosity I learnt from.
Cut your Losers short and let your Winners run.
  • #8,002
  • Aug 6, 2012 4:39am Aug 6, 2012 4:39am
Quoting ayour2a
Hello Star,

can you post the indicator in the upper right corner that shows that bars?

Many thanks!

Ayour2a
Here is the indicator, this is the latest version compared to the one posted earlier. I have shifted the H4 candles slightly to the right leaving a gap with the default chart, so can add comments for posting the chart.
Attached File(s)
File Type: ex4 # MTF_Candles.ex4   4 KB | 495 downloads
  • #8,003
  • Aug 6, 2012 5:05am Aug 6, 2012 5:05am
Quoting Vantage
HH HL, LH LL gives you the flow of market the trend. So if you are in downtrend you should be seeing LH LL, in uptrend HH HL.

If you are seeing HH HL in downtrend you need to ask yourself 2 questions are you prepared to go counter trend (do you believe market has legs to go CT), or will you wait for downtrend to resume with a LH?

In uptrend should be seeing HH HL, so if seeing LH LL again you have to decide on going CT or waiting for HL to signal return to trend.

Price reacting to proven support resistance areas should help when reverting...
Hi van!

It's hard to understand what u said!

can somewhere i can find easy explanation!

thanks~
  • #8,004
  • Aug 6, 2012 5:22am Aug 6, 2012 5:22am
Quoting Star178
Today's trade on AUDJPY and EURJPY, both hit 1st TP (30pips).

Entry price around mid PAC.
Please, describe your PAC. I use a Pac formed from 2 MA5 smoothed (H/L).
What it is your PAC? A specific indicator? Or 3 MA?
  • #8,005
  • Aug 6, 2012 6:02am Aug 6, 2012 6:02am
Quoting robuk
Congrats on great results, if poss can you explain more about your entry /exit methods ,to help us noobies ,do you use mostly , pa, tdi ,and how do you incorporate the hh ll etc into your trading
Vantage has answered your question on HH LL most succinctly.

The questions you ask can not really be answered easily on a thread. There are books written that do not explain everything fully. So forgive me for being obtuse, but, looking at my chart what do you think my entry criteria is?? The clues are on the chart.

This is what happened on Friday. TDI signaled at 6am (i was still in bed)Asian session had done its usual and price had formed a channel, price was stuck around 2180, EuroUsd often holds or pauses at the 20īs & 80īs. Action: wait for breakout. Breakout occurred long. Action place a Buy limit order @ 1.2210. Why Here? 20 pips higher than the breakout? You answer.
Stop goes where? 1.2170 last swing low.
Target goes where? We have a strong target area, WHY? Major Confluence. 1.2300, 76.40% Fibo, prior S/R Level, prior Swing High. Place target @1.2290
Buy order gets hit, Action: Leave it alone, EA is set to B/E @+15. Time for coffee and a cigarette.
Target is Hit, little slippage in my favour, nice trade.
Price hit 1.2300 and is reversing, no big surprise.
Interesting, another trade opportunity. Why?
Price retraced back thru the 61.8, 50, almost to the 38.2, held at former S/R level. When Euro does this it often rebounds all the way upto the 138.2% extension. Candle closed as Large Doji. Looking for an entry.
TDI bounce. TDI is over 68 but!!!, if TDI had stopped at or below 68 I would not bother but,!! currencies can still move 100pips in overbought territory.
Actionlace buy limit at close of next candle 1.2329. Could have entered sooner but this price level clears the problem area of confluence. Do not be greedy.
Stop @ 1.2295 just below 1.2300 round number
Target @ 1.2415 just below 138.2 extension
Buy filled. Action: Leave it alone, this is the hardest part.
Time approaching 18.00, after hours now, not good, TDI is heavily into Overbought territory and outside the Bollinger Band. Looking for exit.
Close trade manually for 53 pips. That will do.

Hope it helps
Attached Image (click to enlarge)
Click to Enlarge Name: Friday.png Size: 39 KB
Cut your Losers short and let your Winners run.
  • #8,006
  • Aug 6, 2012 6:14am Aug 6, 2012 6:14am
Quoting xuflyeven
Hi van!

It's hard to understand what u said!

can somewhere i can find easy explanation!

thanks~
Look at attached chart, if that does not make it clearer then you need to do some research. HH HL & LH LL are an integral part of Price Action and Trading.
Attached Image (click to enlarge)
Click to Enlarge Name: es 5min pa.jpg Size: 147 KB
Cut your Losers short and let your Winners run.
  • #8,007
  • Aug 6, 2012 6:53am Aug 6, 2012 6:53am
Quoting dee50
Vantage has answered your question on HH LL most succinctly.

The questions you ask can not really be answered easily on a thread. There are books written that do not explain everything fully. So forgive me for being obtuse, but, looking at my chart what do you think my entry criteria is?? The clues are on the chart.

This is what happened on Friday. TDI signaled at 6am (i was still in bed)Asian session had done its usual and price had formed a channel, price was stuck around 2180, EuroUsd often holds or pauses at the 20īs & 80īs. Action: wait...
thanks , superb !!
  • #8,008
  • Aug 6, 2012 7:06am Aug 6, 2012 7:06am
By posting my charts I seem to have stirred up a little diversion from what this thread is about. STICK TO THE METHOD AS IT WAS DESIGNED BY THE ORIGINATOR. What I have on my chart is not true to the original, what I have on my chart works for me and is adapted to what suits my personality and my previous style/styles of trading. What I have on my charts is not integral to the sucess of this method in fact what I have on my charts will only muddy the waters for those of you that have not yet advanced to understanding all the quirks of PA trading.
The more you have on your charts, that you do not fully understand, the more you will have to think about, the less likely you are to take a signal, Analysis Paralysis - Uncertainty - Fear.

The basis of this method and a couple of others on this forum is SIMPLICITY.

KISS. KEEP IT SIMPLE STUPID

Just remember nothing works all of the time, but, back test thoroughly and you will find that this method, and others very similar, work a lot of the time and if your money management is right you will make pips.

There are experienced traders who are posting their charts on this thread, take note of them, not me.
I am a maverick by nature, not the best type of person to take notice of.
Cut your Losers short and let your Winners run.
  • #8,009
  • Aug 6, 2012 7:07am Aug 6, 2012 7:07am
Quoting Star178
Here is the indicator, this is the latest version compared to the one posted earlier. I have shifted the H4 candles slightly to the right leaving a gap with the default chart, so can add comments for posting the chart.

Thanks
  • #8,010
  • Aug 6, 2012 7:08am Aug 6, 2012 7:08am
Quoting Flaviu1981
Please, describe your PAC. I use a Pac formed from 2 MA5 smoothed (H/L).
What it is your PAC? A specific indicator? Or 3 MA?
The standard PAC used by Dean Malone consist of 2 SSMA 5 period (H/L).
I have added the third (middle) line SSMA 5 (HL/2).

You can attached the moving average 3 times to the indicator using the above settings, However I found that too troublesome and had them combined in one, and it is attached below.

Dean Malone teaches us in his video to take a trade when the candle closed outside the PAC. I threat this as a second choise.

After many hours of observing, I have noted that if we can spot a trend and enter a trade at or around the midpiont of the PAC we are trading at the advantage point. This is my first choise.
Attached File(s)
File Type: ex4 Synergy_PAC #.ex4   2 KB | 575 downloads
  • #8,011
  • Aug 6, 2012 8:10am Aug 6, 2012 8:10am
Hello boys!

looking at the charts this morning I'm short from London open.... (now in negative) but I'm not sure to wait again...

What do you think?

;-)
  • #8,012
  • Aug 6, 2012 8:25am Aug 6, 2012 8:25am
It looks like H&S is forming, but need to be confirmed. Now Bernanke is speaking...

Take care!
  • #8,013
  • Aug 6, 2012 8:30am Aug 6, 2012 8:30am
Quoting Protekst
If you are not sure, than stay out It looks like H&S is forming, but need to be confirmed. Now Bernanke is speaking...

Take care!
I'm in a trade from london open... But now in negative...
  • #8,014
  • Aug 6, 2012 9:05am Aug 6, 2012 9:05am
Quoting smarco
I'm in a trade from london open... But now in negative...
are you talking about EU?

this is what I would do:
if I see a trade invalidation, then I cut loss

otherwise, just leave the trade with SL set, set TP as what you first planned.

Walk away for you computer.
will not help this trade.
it all depends on Bernanke ... but he is pro-USD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,015
  • Aug 6, 2012 10:02am Aug 6, 2012 10:02am
Quoting dee50
By posting my charts I seem to have stirred up a little diversion from what this thread is about. STICK TO THE METHOD AS IT WAS DESIGNED BY THE ORIGINATOR.
The thread originator in his 1st post (and anyone else thats been around the block a few times) talks about price action is king. Your recent charts pointing out the HH HL, LH LL flows is one of the key items behind the generic comment "PA is king".

Your charts were great. You sell yourself very short. I wouldn't agree they are a diversion, they will help many people differentiate between a signal and a trade. PA is king, you helped explain it.

If I could have got a better grip on this when I started trading I would have been a much better trader. Watching an indi cross is easy, getting to grips with the market flow isn't that difficult, once you realise how important it is and start working on it.
  • #8,016
  • Edited 4:11pm Aug 6, 2012 11:20am | Edited 4:11pm
Quoting emmanuel7788
are you talking about EU?

this is what I would do:
if I see a trade invalidation, then I cut loss

otherwise, just leave the trade with SL set, set TP as what you first planned.

Walk away for you computer.
will not help this trade.
it all depends on Bernanke ... but he is pro-USD.
Yes, EU.

I've set SL 45 and TP 40 (at london open).... but no good result for me
Attached Image (click to enlarge)
Click to Enlarge Name: eu-sl.png Size: 12 KB
  • #8,017
  • Aug 6, 2012 1:46pm Aug 6, 2012 1:46pm
Quoting Star178
The standard PAC used by Dean Malone consist of 2 SSMA 5 period (H/L).
I have added the third (middle) line SSMA 5 (HL/2).

You can attached the moving average 3 times to the indicator using the above settings, However I found that too troublesome and had them combined in one, and it is attached below.

Dean Malone teaches us in his video to take a trade when the candle closed outside the PAC. I threat this as a second choise.

After many hours of observing, I have noted that if we can spot a trend and enter a trade at or around the midpiont of...
Thanks for your reply! I learn a lot from Malone and now, from you!
Thanks for all !!!
  • #8,018
  • Aug 6, 2012 8:08pm Aug 6, 2012 8:08pm
Quoting smarco
Yes, EU.

I've set SL 45 and TP 40 (at london open).... but no good result for me

Hi smarco,

As traders we take losses. Learn from it every losing trade. Write down the lessons learned in your trading journal.

In hindsight, I can write a lot of rubbish and say every possible mistake there is I can think of.

But me just show you a few things on the attached chart.
As I said yesterday, we can either place our trades and walk away from the computer or we can manage closely bar by bar.

If you have any questions, please post your questions and with a chart. This is a good practice and should be part of your journal.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: S3 Triple Screen 7-8-2012 8-37-47 AM.png Size: 76 KB
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,019
  • Aug 6, 2012 8:19pm Aug 6, 2012 8:19pm
Quoting dee50
By posting my charts I seem to have stirred up a little diversion from what this thread is about. STICK TO THE METHOD AS IT WAS DESIGNED BY THE ORIGINATOR. What I have on my chart is not true to the original, what I have on my chart works for me and is adapted to what suits my personality and my previous style/styles of trading. What I have on my charts is not integral to the sucess of this method in fact what I have on my charts will only muddy the waters for those of you that have not yet advanced to understanding all the quirks of PA trading.
The...
Quoting Vantage
The thread originator in his 1st post (and anyone else thats been around the block a few times) talks about price action is king. Your recent charts pointing out the HH HL, LH LL flows is one of the key items behind the generic comment "PA is king".

Your charts were great. You sell yourself very short. I wouldn't agree they are a diversion, they will help many people differentiate between a signal and a trade. PA is king, you helped explain it.

If I could have got a better grip on this when I started trading I would have been a much better trader....
hi Dee,

What you shared in your posts are very good learning for Price Action traders. This is what S3 trading is all about.

I fully agree with Vantage. There are still plenty we all can learn in PA trading here. I benefitted too reading your posts and those are good refresher from time to time as we tend towards complacency after a while.

Repetition is never a mistake. Trading is about practice, practice, practice ...

Ancient wisdom: (quote Confucius)
We hear and we forget.
We see and we remember.
We do and we learn.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,020
  • Aug 7, 2012 2:07am Aug 7, 2012 2:07am
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 166 KB


I enter short in the Asian break, but with the single marked in the chart,

what should i do?

Exist or wait for the next bar?
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