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  • #8,361
  • Sep 4, 2012 3:56am Sep 4, 2012 3:56am
Quoting Star178
Today's trade on EURAUD

Entry selection:
1) Trend moving up.
2) Observe two Inside Bar.
3) Enter trade on breakout of inside bar (also around R1 of FiboPivot).

Hi,
some good trades you got.
On H1, right now LO+2 close looks like a good bullish setup back to the major trend.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,362
  • Sep 4, 2012 4:05am Sep 4, 2012 4:05am
Quoting emmanuel7788
Hi,

current H1 candle LO+1 look very bearish...
if this APB close red then good to short ...but how to geta good entry price?

Trade Well!
yes, H1 look bearish, but what about the bullish trend on H4 and D1?
  • #8,363
  • Sep 4, 2012 4:08am Sep 4, 2012 4:08am
Quoting emmanuel7788
Hi,
some good trades you got.
On H1, right now LO+2 close looks like a good bullish setup back to the major trend.

Trade Well!
Thanks Emmanuel, the news at GMT 4.30 changes the direction Luckly quick enough to close the trade to take some profits.
  • #8,364
  • Sep 4, 2012 4:25am Sep 4, 2012 4:25am
Quoting emmanuel7788
Hi,

current H1 candle LO+1 look very bearish...
if this APB close red then good to short ...but how to geta good entry price?

Trade Well!
Hi Emmanuel,
From what i understand, we should only trade strong APB candle. i think for short setup we should look for APB with no upper wick and also short lower wick with big bear body.

but I also want to take short on the 2nd candle because TDI price line already crossed below 50 and crossed below red signal line. right now I still wait for stronger bearish APB.

Plz advice.... Thnx in advance...
  • #8,365
  • Sep 4, 2012 4:26am Sep 4, 2012 4:26am
Quoting Star178
Thanks Emmanuel, the news at GMT 4.30 changes the direction Luckly quick enough to close the trade to take some profits.
well, look at it another way, ... i.e. there is a lot of professional money and these can drive prices up and down. as retail traders we need to mitigate these sort of market conditions and manage our trades well.
we need to follow the market rythem and go with the flow.

it was a good H4 set up what you saw. but we must be aware that there are many stops below build up over the days and weeks.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,366
  • Sep 4, 2012 4:50am Sep 4, 2012 4:50am
Quoting chamel
yes, H1 look bearish, but what about the bullish trend on H4 and D1?
CT trades are more risky ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,367
  • Sep 4, 2012 4:53am Sep 4, 2012 4:53am
Quoting eth3onstock
Hi Emmanuel,
From what i understand, we should only trade strong APB candle. i think for short setup we should look for APB with no upper wick and also short lower wick with big bear body.

but I also want to take short on the 2nd candle because TDI price line already crossed below 50 and crossed below red signal line. right now I still wait for stronger bearish APB.

Plz advice.... Thnx in advance...

Hi,

I think you need to read up on Heiken Ashi (HA) aka APB to have good understanding how to read the HA.

Post some some of your previous win and loss trades and we can discuss the setup and how the trades were managed.
Often losing trades are not becasue of poort entry but becasue of poor trade management.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,368
  • Sep 4, 2012 5:50am Sep 4, 2012 5:50am
Hi again Emmanuel,

Here is one of the trade i took for EUR/USD H1. the vertical line is LO. I took long position on the open of bullish APB exactly on LO.

Some considerations: it was the 4th bullish APB and also the TDI crossover happened few bars before LO.

Did I pick the setup correctly? Well that bar still possible to give me some profit (I put TP:SL = 1:1 so in this case TP not hit yet). But as you can see, it was the last uptrend bar. Another APB appeared but with lower high, then bearish trend started.

Is that a way to avoid entry near the end of a trend?

Thnx....
http://i1251.photobucket.com/albums/...k/a6e56c53.png
  • #8,369
  • Sep 4, 2012 6:21am Sep 4, 2012 6:21am
Quoting emmanuel7788
Hi,

I think you need to read up on Heiken Ashi (HA) aka APB to have good understanding how to read the HA.
Try these. There is very little info available on HA candles probably because there is not much to say, They are average bars, good for trend following because they hide the market noise.
Attached File(s)
File Type: pdf Heiken Ashi Candles.pdf   484 KB | 1,567 downloads
File Type: pdf Heiken Ashi Explanation.pdf   190 KB | 1,061 downloads
Cut your Losers short and let your Winners run.
  • #8,370
  • Sep 4, 2012 6:27am Sep 4, 2012 6:27am
Quoting dee50
Try these. There is very little info available on HA candles probably because there is not much to say, They are average bars, good for trend following because they hide the market noise.
Thank you so much, I really appreciate it.
Downloaded, read it now....

Update: wow, read the first page. already found out that i misunderstood the wick for strong trend.

Hmm.. sorry for this dummy question. Is APB similar with Heiken Ashi? Previously I read a little about APB from the Synergy method...
  • #8,371
  • Sep 4, 2012 6:29am Sep 4, 2012 6:29am
Quoting eth3onstock
Hi again Emmanuel,

Here is one of the trade i took for EUR/USD H1. the vertical line is LO. I took long position on the open of bullish APB exactly on LO.

Some considerations: it was the 4th bullish APB and also the TDI crossover happened few bars before LO.

Did I pick the setup correctly? Well that bar still possible to give me some profit (I put TP:SL = 1:1 so in this case TP not hit yet). But as you can see, it was the last uptrend bar. Another APB appeared but with lower high, then bearish trend started.

Is that a way to avoid entry...
Hi,

I think you missed the basic entry and exit of the TMS method by Big E.
Most entry are done on the 2nd candle after TDI cross.
Read post#6 of the TMS thread.

http://www.forexfactory.com/showthre...17#post4569617

Your trade example shows yiou were chasing after bullish candle when LO. Why?

In fact, your chart shows a very good potential Sell setup.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,372
  • Sep 4, 2012 6:32am Sep 4, 2012 6:32am
Quoting eth3onstock
Hi again Emmanuel,

Here is one of the trade i took for EUR/USD H1. the vertical line is LO. I took long position on the open of bullish APB exactly on LO.

Some considerations: it was the 4th bullish APB and also the TDI crossover happened few bars before LO.

Did I pick the setup correctly? Well that bar still possible to give me some profit (I put TP:SL = 1:1 so in this case TP not hit yet). But as you can see, it was the last uptrend bar. Another APB appeared but with lower high, then bearish trend started.

Is that a way to avoid...

Just my comment;

Your chart is slightly different from mine. I am using standard candlestick color coded to Synergy APB.

I have drawn two white lines showing few hours before LO the price are ranging, and the trade is taken when it broke out of the range.
Attached Image
  • #8,373
  • Edited 6:54am Sep 4, 2012 6:39am | Edited 6:54am
Attached chart shows a good S3 H1 setup for SELL.

What are the conditions why this setup is a good potential?

Can you identify 5 conditions enough for you to take the SELL trade?

Back test and you will find many of such setup condition.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: S3 H1 entry example 4-9-2012 7-34-11 PM.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,374
  • Sep 4, 2012 6:44am Sep 4, 2012 6:44am
Quoting emmanuel7788
Hi,

I think you missed the basic entry and exit of the TMS method by Big E.
Most entry are done on the 2nd candle after TDI cross.
Read post#6 of the TMS thread.

http://www.forexfactory.com/showthre...17#post4569617

Your trade example shows yiou were chasing after bullish candle when LO. Why?

In fact, your chart shows a very good potential Sell setup.

regards,
I just want to follow X-Man guidance to entry on the beginning of LO and not any bar before it to avoid fake price movement on Asian session....

The short setup would be taken later on NYO, as referred to the guidance.
  • #8,375
  • Sep 4, 2012 6:52am Sep 4, 2012 6:52am
Quoting eth3onstock

Did I pick the setup correctly? NO

Is that (there) a way to avoid entry near the end of a trend? YES

Thnx....
http://i1251.photobucket.com/albums/...k/a6e56c53.png
You should not have entered here at all, your chart shows all the reasons why not.

1. TDI is at the 68
2. TDI is flat and signal line is flat. Enter when TDI is at 12.00 - 14.00 or 4.00 - 6.00 as per a clock.
3. The original cross of the TDI occurred 7 bars back if you have not entered within the first 3 bars, you need a good reason to.
4. Priceline bounced off the signal line 4 bars back from your entry, a bounce is an entry opportunity but not when it happened 4 bars back.
5. The Blue lines are Bollinger bands, if the priceline is approaching the upper Bollinger then you can expect a pullback, most of the time.
6. If that is a stochastic all scrunged up at the bottom of the chart, unscrunge it. The stochastic is a good cycle indicator, it looks like it was showing that price was at or near the top of a cycle.

And finally. LOOK LEFT, look for previous support or resistance previous consolidation.
LOOK RIGHT. Look for Round Numbers, and with the eurusd look out for numbers ending with 20 or 80 (4 digit) these often will stall PA.
Watch out for Pivots
If you know how, use fibos

All of the above will tell you when a trend is coming to an end.

PS. Here is a little something that might help
Attached File(s)
File Type: pdf TDI trade check.pdf   1.7 MB | 938 downloads
Cut your Losers short and let your Winners run.
  • #8,376
  • Sep 4, 2012 6:55am Sep 4, 2012 6:55am
Quoting emmanuel7788
Attached chart shows a good S2 H1 setup for SELL.

What are the conditions why this setup is a good potential?

Can you identify 5 conditions enough for you to take the SELL trade?

Back test and you will find many of such setup condition.

regards,
These are what I can analyze:
1. there's a pullback before the signal showing the end of uptrend
2. the signal: strong bear APB
3. TDI yellow MBL < 50
4. TDI green cross red
5. price below big MA (200?)

Hopefully my answers are good enough or at least not entirely wrong

Also I want to ask: is it important to use price channel (two Smoothed MA5) that I am not allowed to entry until APB close above/below the channel?

Thank you so much for your guidance...
  • #8,377
  • Sep 4, 2012 7:17am Sep 4, 2012 7:17am
Good example of perfect entry conditions. Donīt need to explain them as they are obvious. Got to go out so took 30 pips, price will probably drop further but, there is allways another one.

Good luck for the rest of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: Tues 4.png Size: 75 KB
Cut your Losers short and let your Winners run.
  • #8,378
  • Sep 4, 2012 7:26am Sep 4, 2012 7:26am
EURUSD price hit 1 TP (30pips).
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-04 EURUSD 1TP.jpg Size: 122 KB
  • #8,379
  • Sep 4, 2012 7:30am Sep 4, 2012 7:30am
Quoting eth3onstock
These are what I can analyze:
1. there's a pullback before the signal showing the end of uptrend
2. the signal: strong bear APB
3. TDI yellow MBL < 50
4. TDI green cross red
5. price below big MA (200?)

Hopefully my answers are good enough or at least not entirely wrong

Also I want to ask: is it important to use price channel (two Smoothed MA5) that I am not allowed to entry until APB close above/below the channel?

Thank you so much for your guidance...
If you use the EMA5 H-L price action channel, it is conservative and your entroes will mostly be late.

TMS is an aggressive compare to Dean Malone Synergy system.

S3 is also aggressive and we are more relying on Price Action to jump into a trade when during the London session and NY sessions when we see volatility created by market liquidity.

See my chart fo 5 conditions to decide to take this setup.

There are other conditions too when I use candlestick patterns.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: S3 H1 entry example 4-9-2012 7-34-11 PM.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,380
  • Sep 4, 2012 7:30am Sep 4, 2012 7:30am
Quoting dee50
You should not have entered here at all, your chart shows all the reasons why not.

1. TDI is at the 68
2. TDI is flat and signal line is flat. Enter when TDI is at 12.00 - 14.00 or 4.00 - 6.00 as per a clock.
3. The original cross of the TDI occurred 7 bars back if you have not entered within the first 3 bars, you need a good reason to.
4. Priceline bounced off the signal line 4 bars back from your entry, a bounce is an entry opportunity but not when it happened 4 bars back.
5. The Blue lines are Bollinger bands, if the priceline is approaching...
Dee50,
thnx for the checklist
obviously i was just concern of the green cross red and forgot all about the slop and level of TDI
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