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  • #8,041
  • Aug 7, 2012 8:39pm Aug 7, 2012 8:39pm
Quoting xuflyeven
Hi Emmanuel!

I have a stupid question!

What does GU mean?

GU = GBPUSD
AU = AUDUSD
EU = EURUSD
NU = NZDUSD

UC ???
can be USDCAD or USDCHF

this is result of being lazy to type in full...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,042
  • Aug 7, 2012 8:51pm Aug 7, 2012 8:51pm
Quoting emmanuel7788
well you identified the condition on your chart very well.

Questions:

1. where will be a good entry ... your EP?
2. where will you place your Exit SL (R)?
3. where will you place your other Exits ... TP1 and TP2?

EU is still sideway and around swing point 1.2400. A big move is imminent but will need something to set this off.

I stick to lookimg for S3 H1 and look for trade and be prepared for beakout and ride on the breakout. Also be prepared when H1 trade don't work out and I am prepared for doing a turnaround trade.

Study...
Thanks! I will set SL with high swing with 60 SL and TP1 = 80, TP2 = 160
(suggested by the S3 4H manual)

I just curious why the idea of trading on 4H disappears recently and all people are focus on 1H, thx!
  • #8,043
  • Aug 7, 2012 9:51pm Aug 7, 2012 9:51pm
Quoting shakeyiu
Hi, I don't know why no one mention 4H swing trade method given by x-man

I have notice the following setup from EU 4 hour
Bounce from upper TL and crossed TDI with confirmed Red APB

Should I enter short? Any comment are welcome. Thanks!
i think maybe a good trade , but x-man said pa should be below 60 ema on 4h trade , i think , can some one correct me if i have that wrong
  • #8,044
  • Aug 7, 2012 10:35pm Aug 7, 2012 10:35pm
Quoting robuk
i think maybe a good trade , but x-man said pa should be below 60 ema on 4h trade , i think , can some one correct me if i have that wrong
Hi, I recall EMA 60 or 200 should be a potential S/R area and channel will master these two EMA and break over it. I don't think we shouldn't restrict to long only above EMA60 and short only below EMA60, it may miss the channel setup or late to entry

One more addition to my chart, you may see the green line did cross over blue bands and now coming back inside the bands

PS: I am new to trade in this method, don't blind to follow my chart
Pls correct me if i'm wrong, thx a lot
  • #8,045
  • Aug 7, 2012 11:37pm Aug 7, 2012 11:37pm
Quoting xuflyeven
Thanks Emmanuel!

The market went against me!

so what do u think about my entry?

it's it resonable? hope to receive some suggestion!

Good trading to all!
Have a look at this post on 1 June http://vantagefx.blogspot.com/2012_06_01_archive.html Trend depends on the time frame. Daily was in downtrend and there were a couple of counter trend rallies. There are a series of 1hr charts each spanning a few days. Hopefully you'll pick up the lower highs lower lows that should show in a downtrend. Then when the CT rallies happen i.e. higher lows, higher highs on 1hr the kind of pa that is needed to show a return to the D trend.
  • #8,046
  • Aug 8, 2012 12:03am Aug 8, 2012 12:03am
Quoting emmanuel7788
GU = GBPUSD
AU = AUDUSD
EU = EURUSD
NU = NZDUSD

UC ???
can be USDCAD or USDCHF

this is result of being lazy to type in full...
use UF for USD - Swiss Franc

It takes a lot for me to IGNORE you, but you can try.
  • #8,047
  • Aug 8, 2012 4:31am Aug 8, 2012 4:31am
Quoting emmanuel7788
GU = GBPUSD
AU = AUDUSD
EU = EURUSD
NU = NZDUSD

UC ???
can be USDCAD or USDCHF

this is result of being lazy to type in full...
Thanks emmanuel!

I am still new in forex trading~

Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 174 KB


I still enter short in EU today's Assian break!

I am fllowing the H-1 method, and stick to it!
  • #8,048
  • Aug 8, 2012 5:46am Aug 8, 2012 5:46am
Quoting xuflyeven
Thanks emmanuel!

I am still new in forex trading~

Attachment

I still enter short in EU today's Assian break!

I am fllowing the H-1 method, and stick to it!
I short the E/U,too.Exit at +10pips, when have seen no down momentum in 5 hours.
  • #8,049
  • Aug 8, 2012 8:07am Aug 8, 2012 8:07am
Quoting jimmysh
I short the E/U,too.Exit at +10pips, when have seen no down momentum in 5 hours.
I manage the trade with the quik trailing EA~
  • #8,050
  • Aug 8, 2012 8:34pm Aug 8, 2012 8:34pm
Hi everybody here,

I notice Phx62's chart, I found that he will enter when :
(1) prev bar showing a pull back
(2) just crossed EMA4 (live candle)
(3) doesn't wait the live bar to be finished to have confirmed TDI cross (maybe the live bar showing TDI cross)

And I found that this approach may be have a better performance comparing to confirmed TDI, have an earlier entity rather than late entity

But question here, how can I prevent false pull back and where can I learn the pull back pattern in details?

also, another question about asia/previous day break out, should we enter the break out even the TDI crossed for more than 3~4 bars? Or we should enter only with Break out + fresh confirmed TDI signal?

thanks guys!
  • #8,051
  • Aug 9, 2012 3:33am Aug 9, 2012 3:33am
Quoting xuflyeven
I manage the trade with the quik trailing EA~
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 143 KB


Today's so quiet~

I enter short ~TDI cross and have a breakout in Lo session.

Still chasing the H1-Method!
  • #8,052
  • Aug 9, 2012 3:51am Aug 9, 2012 3:51am
Quoting shakeyiu
Hi everybody here,

I notice Phx62's chart, I found that he will enter when :
(1) prev bar showing a pull back
(2) just crossed EMA4 (live candle)
(3) doesn't wait the live bar to be finished to have confirmed TDI cross (maybe the live bar showing TDI cross)

And I found that this approach may be have a better performance comparing to confirmed TDI, have an earlier entity rather than late entity

But question here, how can I prevent false pull back and where can I learn the pull back pattern in details?

also, another question about asia/previous...
I am one of those trying to learn/ master this system. If one follows the rules and only picks the A+ set ups, it is one of the easiest systems there is.
In my view, Phx62 is one of the best traders of this system (and I guess many others bse I have seen his contributions in many other threads).
He actually enters some of his trades using the M15 TF and he is so good at it.
As for the otther questions I don't think I am competent enough to answer them. Hopefully other experienced traders will help, but if you search through the thread you will find the answers.
Hope this helps.
  • #8,053
  • Aug 9, 2012 4:48am Aug 9, 2012 4:48am
Quoting Vantage
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.
Thank you for your support and comments, it is appreciated.
Cut your Losers short and let your Winners run.
  • #8,054
  • Aug 9, 2012 4:57am Aug 9, 2012 4:57am
Quoting dee50
Thank you for your support and comments, it is appreciated.
Yep, keep em coming , they helped me and probably many others
thnx
  • #8,055
  • Aug 9, 2012 5:06am Aug 9, 2012 5:06am
Quoting emmanuel7788
hi Dee, 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.

Thanks, appreciate your comments.

There are a number of threads on this forum that I learnt a lot from with regard to Price Action, "james16", "jankone" and contributors on those threads like "ryan". The only problem with threads is that they take a long time to read thru, and to filter all the digressions and for a nooby they can be confusing.

I too agree with Vantage, anyone can react to an Indy crossing, but ultimately if you want to survive in trading you "HAVE" to learn at least the basics of Price Action trading, that means you have to put the work in. Often I look at questions on these threads and wonder what the people asking them are doing here. I have been trading for 6 years and I am still here and able to learn thanks to the contributions of people like you, Vantage and Phx62.
Cut your Losers short and let your Winners run.
  • #8,056
  • Aug 9, 2012 5:08am Aug 9, 2012 5:08am
Quoting dee50
I have been trading for 6 years and I am still able to learn thanks to the contributions of people like you, Vantage and Phx62.
Yes it was obvious from your charts and comments that you were not 'new'. Yes we are all still learning.
  • #8,057
  • Edited 6:17am Aug 9, 2012 5:26am | Edited 6:17am
I could wait (...also because there was no news...) but I preferred to leave (..EMA200?) (+18)

Happy trading to all

PS: SL hit for 0.5pip (set with TF 15M) ...not having calculated broker spread
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd-9.8.12.png Size: 14 KB
  • #8,058
  • Edited 11:45am Aug 9, 2012 5:30am | Edited 11:45am
Just wanted to post this Article from Protrader Network, Rick Galloway, the article is relevant to the thread in as far as that Rick uses this method (more or less) for trading, except he is a true master. And it is a very interesting piece. For those of you who would like to see videos of this method working with a detailed explanantion of the entry method and the reasoning behind it I would recommend visiting the site. There is no hook, the site is entirely free, Rick is just giving something back. By the way he was and I believe still is a regular contributor on this forum. Goes by the name "Dginc".
Attached File(s)
File Type: pdf PTN-Special-Report-3-Greatest-Enemies-of-Success.pdf   201 KB | 694 downloads
Cut your Losers short and let your Winners run.
  • #8,059
  • Edited 6:29am Aug 9, 2012 5:51am | Edited 6:29am
Quoting dee50
I too agree with Vantage, anyone can react to an Indy crossing, but ultimately if you want to survive in trading you "HAVE" to learn at least the basics of Price Action trading, that means you have to put the work in.
Again what is price action trading, well loads of stuff but support/resistance levels (and the reaction to those levels) the flow of the market i.e. HH HL, LH LL are up there. Theres lots of others but anyone would do themselves a favour by having a real good look at those 2 items.

I posted the chart elsewhere but if you saw this morning early that 1.2385 was a potential support turned resistance level (with M3 right there) how would you have viewed market today? Differently perhaps who knows, add in 1hr eur flow on LH LL and would focus have been on selling. If focus was on selling then it becomes a question of where.

Sorry to be such an absolute pain ranting again but heck if you are relatively new do yourself a big favour and find out as much as you can on these. I promise you it will help.
  • #8,060
  • Aug 9, 2012 8:48am Aug 9, 2012 8:48am
Quoting shakeyiu
Hi, I don't know why no one mention 4H swing trade method given by x-man

I have notice the following setup from EU 4 hour
Bounce from upper TL and crossed TDI with confirmed Red APB

Should I enter short? Any comment are welcome. Thanks!
Hi, I just want to share my chart and welcome to have comment and teaching from other experienced traders.

For H4, I have moved SL to BE

For H1 on EU, entered when Asia range break out

Just entered AJ based on multiple pullback and live TDI crossed, let's see how it moves


BTW, I am new to this thread and traded for fews years that still can't find a profitable way to trade with. I am really appreciate this trading method given by X-man, Big E and other traders. Thanks all here!!

One more, I realized that S/R (Fib, previous S/R, MA etc) is very important to chart, however, we should not blindly to placed pending order on these areas, we need to add momentum indicator (TDI, RSI) into our consideration.

Welcome to point out my mistake. Thanks!!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu_2012.08.09_h1.gif Size: 28 KB
Click to Enlarge Name: aj_2012.08.09_h1.gif Size: 32 KB
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