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  • #8,081
  • Aug 13, 2012 4:58pm Aug 13, 2012 4:58pm
Hello Every One.
I am after this system and learning forex for two months now.
I am reading this thread daily and learning new things you guys are posting.
I have setup my MT4 platform and would like if some one can give answers of my stupid questions.

1- I have seen that this system is completely on TDI indicator + Candles Signals if m not wrong. After activating Synergy ABP indicator it is showing differently (like some bearish candles are showing bullish and some candles are not bullish which it shows bearish) If some one can guide me how this indicator works and if I have to look the new patren is it showing ?

2- Can any one give me link of candle stick patrens which are good signals/predictions for future market movement. ?

3- For london Market opening strategy do we have to use only H1 TF as I have seen some guys are using 15 min TF as well.


Thanks for co-operation of all the fellows here.


Ahmed
  • #8,082
  • Aug 13, 2012 5:01pm Aug 13, 2012 5:01pm
And really want to say thanks to endy231 for answering of question in my first post. I can't send you PM that's why saying thanks here.
Love you all and thanks for helping.
  • #8,083
  • Aug 14, 2012 12:07am Aug 14, 2012 12:07am
Quoting marcian_08
hallo guys
I want to ask what you think about my trade. After watching a lot of charts posted here which were very helpfull I took this trade.
TF is 15 min because I saw phx62 is trading using this TF after NY open, so I tried unfortunatelly with no succes.

SL - ADR +2 pips which is -16
TP +20 pips

Reasons:
-double top (1 pip under ADR)
-bounce on TDI in 68 overbought area
-candle color change to red
-little bearish divergence on TDI
-entry after break of second blue candle low

Sorry for my english.
Price moved 98 pips long during the London session. When that happens, price will seldom retrace more than 20 or 25 pips on the EU. That would have kept me from trading short during the NY session.
Backtest, forward test and learn what normally happens with a currency.....it takes hours and hours of study to learn these movements....don't give up....keep working at it.
  • #8,084
  • Aug 14, 2012 12:48am Aug 14, 2012 12:48am
Phx62 can you put your trading image of the last week
for my history e for study better?

thanks and good trade
  • #8,085
  • Aug 14, 2012 1:27am Aug 14, 2012 1:27am
Quoting For Ex
2- Can any one give me link of candle stick patrens which are good signals/predictions for future market movement. ?


Ahmed
Have a look at both the candlesticker and chart patterns links at blog see address below.

Just a general tip (perhaps more for traditional candles than synergy/HA) if a 1hr candle closes above the closes of the previous 2 candles or if a candle closes below the prev 2 candle closes its worth paying attention to.
  • #8,086
  • Aug 14, 2012 1:29am Aug 14, 2012 1:29am
Quoting Vantage
Just a general tip (perhaps more for traditional candles than synergy/HA) if a 1hr candle closes above the closes of the previous 2 candles or if a candle closes below the prev 2 candle closes its worth paying attention to.
You can then take it 1 step further. The above candle closes that are in turn following correct flow on 1hr LH LL, HH HL.
  • #8,087
  • Aug 14, 2012 1:34am Aug 14, 2012 1:34am
Quoting Phx62
Price moved 98 pips long during the London session. When that happens, price will seldom retrace more than 20 or 25 pips on the EU. That would have kept me from trading short during the NY session.
Backtest, forward test and learn what normally happens with a currency.....it takes hours and hours of study to learn these movements....don't give up....keep working at it.
Thanks for those words. I keep writing down your suggestions post by post beleving this shorten my way to conscious and confident trading.
  • #8,088
  • Aug 14, 2012 10:56am Aug 14, 2012 10:56am
Quoting dee50
The attached chart is perhaps the best example of HH HL and LH LL in action.

I haven´t scalped the 5 min chart for some time, the object of this method is to move away from the smaller time frames, Here, Here, couldn,t agree more, but the first signal of the day on the hourly was at 4 am, ugh!!. I trade 9 - 5, I looked at the 15 min for a possible entry, there was a pullback available, but I decided to check the 5 min chart and hey presto that is where I stayed today.
Yes a little off topic here. Perhaps you need to start your own thread or post elsewhere.

Now if only there was a thread based around signal from 1hr and taking 5 min hl's, lh's as entries.

Great trading though.
  • #8,089
  • Aug 14, 2012 11:07am Aug 14, 2012 11:07am
Quoting Vantage
Yes a little off topic here. Perhaps you need to start your own thread or post elsewhere.

Now if only there was a thread based around signal from 1hr and taking 5 min hl's, lh's as entries.

Great trading though.
No Problem. Removed.
Cut your Losers short and let your Winners run.
  • #8,090
  • Aug 14, 2012 12:41pm Aug 14, 2012 12:41pm
Here is my H4 swing trade, I realised that H4 is forming HH and HL, so I will put tighter SL and be caution about the PA.

Pls advise if any other opinion. Thanks!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu_2012.08.15_h4.gif Size: 34 KB
  • #8,091
  • Aug 14, 2012 5:16pm Aug 14, 2012 5:16pm
Quoting shakeyiu
Here is my H4 swing trade, I realised that H4 is forming HH and HL, so I will put tighter SL and be caution about the PA.

Pls advise if any other opinion. Thanks!!
Hi shakeyiu

good trade spotted. now you need to mange for maximum profit.
I got my entry when NYO @1.2348 .
there was nice H1 momentum and also nice H4 bar patterns to help with this entry.
the challenge now is to break last Friday high and should this be broken, then the way down to test last Friday' low.
on H4, look at the previous weeks lows and see if you can draw a trendline using the lows. This may be the support line to test and this region is near last Friday low.
Overall, I also look at the USD strength of AU,GU and NU to see if the market will be pro-USD the rest of this week.

Sorry no chart now as I am on the road right now and try later post a chart to explain this better.

But think of when and where to add positions for maiximum ride.


Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,092
  • Aug 14, 2012 7:07pm Aug 14, 2012 7:07pm
Quoting pinux76
Phx62 can you put your trading image of the last week
for my history e for study better?

thanks and good trade
I am traveling on business this week....no way to post a chart. I only took a couple of trades early last week....then took a few days off. Went to our family cabin...no Internet....no cell phone service....just relaxing, fishing and enjoying my grandkids with my wife and family. Will get back to trading next week.
  • #8,093
  • Aug 15, 2012 5:00am Aug 15, 2012 5:00am
Hi,

it is now 3 hrs after LO, looks like EU is breaking below last Friday high .. looking good as market is pro-USD.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,094
  • Edited 1:39am Aug 16, 2012 1:35am | Edited 1:39am
Quoting emmanuel7788
Hi shakeyiu

good trade spotted. now you need to mange for maximum profit.
I got my entry when NYO @1.2348 .
there was nice H1 momentum and also nice H4 bar patterns to help with this entry.
the challenge now is to break last Friday high and should this be broken, then the way down to test last Friday' low.
on H4, look at the previous weeks lows and see if you can draw a trendline using the lows. This may be the support line to test and this region is near last Friday low.
Overall, I also look at the USD strength of AU,GU and NU to see if the...

This trade still running and now holding at BE +2pips.
EP 1.2348
Partial Exit 1.2282 (+66pips)

should the bearish trend continues... it will hit last week' low 1.22405 and may extend down to 1.2185.

let market decide.

Edit: will move protective stop to 1.2312 when LO..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 16 Aug update 16-8-2012 2-19-36 PM.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,095
  • Aug 16, 2012 1:39am Aug 16, 2012 1:39am
Quoting emmanuel7788
This trade still running and now holding at BE +2pips.
EP 1.2348
Partial Exit 1.2282 (+66pips)

should the bearish trend continues... it will hit last week' low 1.22405 and may extend down to 1.2185.

let market decide.
There is a W pivot, lower D TL and support area all around 2270. The bounce up yesterday in US session was minimal for such a confluence. Personally expecting more downside.
  • #8,096
  • Aug 16, 2012 1:45am Aug 16, 2012 1:45am
Quoting Vantage
There is a W pivot, lower D TL and support area all around 2270. The bounce up yesterday in US session was minimal for such a confluence. Personally expecting more downside.

yup!
the D looks pretty bearish and early Tokyo H4 pin bar helps with confidence for this one.
free trade now so can relax a lttle.
yesterday was little havoc with correlation seeing NU and AU ran bull...

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,097
  • Aug 17, 2012 1:26am Aug 17, 2012 1:26am
Friday's trade on AUDUSD & EURAUD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-08-17 AUDUSD 1TP.jpg Size: 167 KB
Click to Enlarge Name: 2012-08-17 EURAUD 1TP.jpg Size: 159 KB
  • #8,098
  • Aug 17, 2012 2:24am Aug 17, 2012 2:24am
EURAUD price hit Take Profit (80 pips)

AUDUSD closed trade manually when price retracted more than 10 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-08-17 EURAUD 2TP.jpg Size: 96 KB
Click to Enlarge Name: 2012-08-17 AUDUSD CL.jpg Size: 105 KB
  • #8,099
  • Aug 17, 2012 6:25am Aug 17, 2012 6:25am
Hi,
Anyone took this divergence setup?

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EU 17 Aug divergence 17-8-2012 7-21-39 PM.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,100
  • Aug 17, 2012 7:01am Aug 17, 2012 7:01am
Quoting emmanuel7788
Hi,
Anyone took this divergence setup?

Regards,

Yup! i took it hopes it turns out well!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD h1 170812.jpg Size: 137 KB
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