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  • #8,781
  • Oct 1, 2012 5:50am Oct 1, 2012 5:50am
im already at +55 pips (taken at LO). Price action at the previous candle (1 hour earlier) looked like a "weak" pullback candle. I was thinking to close it but i keep holding it. Also, looking at H4 apparently it's still bullish. Whats your opinion guys...

*btw my trailing SL at BEP+15 pips atm

(im thinking to widen the trailing SL at 50 pips. I was at +65 pips so now my SL is at BEP+15)
  • #8,782
  • Oct 1, 2012 6:04am Oct 1, 2012 6:04am
Quoting rsg10z
im already at +55 pips (taken at LO). Price action at the previous candle (1 hour earlier) looked like a "weak" pullback candle. I was thinking to close it but i keep holding it. Also, looking at H4 apparently it's still bullish. Whats your opinion guys...

*btw my trailing SL at BEP+15 pips atm

(im thinking to widen the trailing SL at 50 pips. I was at +65 pips so now my SL is at BEP+15)
Down to your own trade plan, I took +50pips bcoz that is my target for london open trade also slowed down at the 61.8fib and bounce off 200EMA but its trading so nobody no what will happen!! good luck
  • #8,783
  • Oct 1, 2012 6:11am Oct 1, 2012 6:11am
Quoting rsg10z
im already at +55 pips (taken at LO). Price action at the previous candle (1 hour earlier) looked like a "weak" pullback candle. I was thinking to close it but i keep holding it. Also, looking at H4 apparently it's still bullish. Whats your opinion guys...

*btw my trailing SL at BEP+15 pips atm

(im thinking to widen the trailing SL at 50 pips. I was at +65 pips so now my SL is at BEP+15)
Do you see H4 setup now...before NYO?

I trade using H1 setup and I am still holding open postions at BE, so if I see H4 setup, I can consider to let it run.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,784
  • Oct 1, 2012 6:12am Oct 1, 2012 6:12am
i closed it too at +51.

@emmanuel: i think i need to be more mentally prepared. Looking at huge positive pips sometimes make me itchy to simply close it @_@
  • #8,785
  • Oct 1, 2012 6:16am Oct 1, 2012 6:16am
Quoting rsg10z
i closed it too at +51.

@emmanuel: i dont trade at H4. I only see H4 for confirmation. that's why i had doubt
well done +51pips is great!! now you can forget that trade coz u book the profit and wait for the next setup

Great start to the week
  • #8,786
  • Oct 1, 2012 6:33am Oct 1, 2012 6:33am
Quoting rsg10z
i closed it too at +51.

@emmanuel: i think i need to be more mentally prepared. Looking at huge positive pips sometimes make me itchy to simply close it @_@
well, when we plan our trade and it is intended for intraday, then take the ADR range and walk away. You get one win trade in your bag on the !st day of the new month. Great start and that is a confidence booster.

I plan my trades differently with multiple positions so I already took my intraday trade profit. Remaining trades are free so I hold on.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,787
  • Oct 1, 2012 9:23am Oct 1, 2012 9:23am
thanks guys. as a newbie i still have much to learn.

as for my current setup (the primary rules):

1. the synergy bar must confirm the color change (i usually wait until the candle get closed so i never took position when the current candle still open to avoid fakey) - usually i take 1-2 candles after color change

2. I dont open position before LO UNLESS if 2 hours before LO form a pullback candle as instructed in xman's pdf

3. the TDI must cross (not only the red meet the green line but it MUST form a cross to avoid fake setup)
*I still go take the position "early" if there's a strong pullback candle

4. I dont read news. When i backtest, there are times when the super high impact news follow the trend so i take the risk...

I exit when:

- it looks like the candles form a bounce back (how do you call it? swing high or something?)
- a strong pullback candle
- the candle change color (i wait until the close of that candle)


Now For The Questions:

1. when i backtested this method carefully with the above rules, there were still losing weeks despite I easily "paid" them off with one or two strong trends afterwards. in ranging market apparently it's hard for me to make money. Even though im confidence i can be profitable every month but i still want to learn how to avoid fake setup (and exit early) in ranging market.

Do you guys have any suggestion for my above rules, on what to change, etc.?

2. please take a look at both attachment files. I circled the candle at exactly the same time. In "naked" chart it doesnt look like pullback candle, it's just a candle going down. But in S3 method setup, it looks like a pullback candle. How do you guys define a pullback candle in price action? From naked chart or in synergy bars indicator?

3. Do you guys always open a new position after the closing of the previous candle to avoid fake setup? I always do it...wondering if it's better to just go entry at let's say 15 minutes prior to the closing of that candle if it already forms a strong setup..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-10-01 at 9.16.26 PM.png Size: 16 KB
Click to Enlarge Name: Screen Shot 2012-10-01 at 9.17.01 PM.png Size: 19 KB
  • #8,788
  • Oct 1, 2012 12:05pm Oct 1, 2012 12:05pm
I am short from the big pull back candle, 200EMA not holding and also divergence good luck
  • #8,789
  • Oct 1, 2012 12:19pm Oct 1, 2012 12:19pm
Quoting rsg10z
thanks guys. as a newbie i still have much to learn.

as for my current setup (the primary rules):

1. the synergy bar must confirm the color change (i usually wait until the candle get closed so i never took position when the current candle still open to avoid fakey) - usually i take 1-2 candles after color change

2. I dont open position before LO UNLESS if 2 hours before LO form a pullback candle as instructed in xman's pdf

3. the TDI must cross (not only the red meet the green line but it MUST form a cross to avoid fake setup)
*I still...
Have a look at the attached. They have been taken from a Pure Price action thread. I find that the definitions given on forums, "now" are entirely in-accurate as to what defines a Pullback Bar/PinBar, more often these days you see people defining a DOJI as a pullback bar. The bars you have circled are NOT pullback bars.

Hope this helps.
Attached File(s)
File Type: pdf Pin bars-introduction.pdf   175 KB | 841 downloads
File Type: pdf Pin bars-advanced.pdf   113 KB | 732 downloads
File Type: pdf Jankone's charts.pdf   1.3 MB | 764 downloads
Cut your Losers short and let your Winners run.
  • #8,790
  • Oct 1, 2012 1:47pm Oct 1, 2012 1:47pm
Quoting dee50
Have a look at the attached. They have been taken from a Pure Price action thread. I find that the definitions given on forums, "now" are entirely in-accurate as to what defines a Pullback Bar/PinBar, more often these days you see people defining a DOJI as a pullback bar. The bars you have circled are NOT pullback bars.

Hope this helps.
Nice PDFs. Thanks
  • #8,791
  • Oct 1, 2012 5:11pm Oct 1, 2012 5:11pm
Hey guys,

Thanks again for all the tips and insight!

Does anyone know what the MA and RSI settings for the TDI indicator are? Would like to load it on my mobile phone app, but cant install indicators so thought of replicating the settings. I need the green and yellow lines specifically.
Thanks.
  • #8,792
  • Oct 1, 2012 6:42pm Oct 1, 2012 6:42pm
Quoting SoniPipster
Hey guys,

Thanks again for all the tips and insight!

Does anyone know what the MA and RSI settings for the TDI indicator are? Would like to load it on my mobile phone app, but cant install indicators so thought of replicating the settings. I need the green and yellow lines specifically.
Thanks.
Soooo, let me see, if I understand this correctly, you want us, hundreds of people reading this, to tell YOU the settings of the TDI indicator that YOU are using?

Why not just have a look YOUrself?

Super Simple Stuff

Really?

Attached Image (click to enlarge)
Click to Enlarge Name: TDI_SETTINGS.png Size: 155 KB
It takes a lot for me to IGNORE you, but you can try.
  • #8,793
  • Oct 1, 2012 8:22pm Oct 1, 2012 8:22pm
While setting up charts for the week, noticed some divergence and decided to give it a go....moved to M15 and entered on TDI bounce.....first TP at 25. Price pulled back from 89EMA before LO then moved back up....moved stop to 50...then 75....then 100.....exited at 75 as price consolidated. Trades 2 & 3 were taken on TDI crosses....
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.10.1 eu m15.jpg Size: 146 KB
  • #8,794
  • Oct 1, 2012 11:23pm Oct 1, 2012 11:23pm
Quoting dee50
Have a look at the attached. They have been taken from a Pure Price action thread. I find that the definitions given on forums, "now" are entirely in-accurate as to what defines a Pullback Bar/PinBar, more often these days you see people defining a DOJI as a pullback bar. The bars you have circled are NOT pullback bars.

Hope this helps.
thanks a lot!
  • #8,795
  • Oct 1, 2012 11:26pm Oct 1, 2012 11:26pm
one more thing. Phx and xman sometimes use M15 chart. Just want to make sure, you guys don't change the indie and rules settings right when playing from H1 to M15? As of now im sticking to H1 as im still learning but just curious!
  • #8,796
  • Edited 12:43am Oct 2, 2012 12:42am | Edited 12:43am
Hi,

EURAUD H4 trade. After bullish rotation in price, bullish TDI cross, double bottom and space to the nearest resistance level of H4 TF long entry. TP1 of 53 pips just below this resistance level, TP2 of 120 pips below the resistance level of D TF.

take care,
thrax
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_H4_strategy name_20121002083700.gif Size: 21 KB
  • #8,797
  • Oct 2, 2012 1:30am Oct 2, 2012 1:30am
Quoting rsg10z
one more thing. Phx and xman sometimes use M15 chart. Just want to make sure, you guys don't change the indie and rules settings right when playing from H1 to M15? As of now im sticking to H1 as im still learning but just curious!

Hi rsg10z,

For me the TDI setting remains the same in all TF traded.
Once we understand market structure, there will be no need for the TDI at all especially when we switch down to lower TF like M15 to get a better priced entry for S3 H1 method.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,798
  • Oct 2, 2012 1:31am Oct 2, 2012 1:31am
Quoting thrax
Hi,

EURAUD H4 trade. After bullish rotation in price, bullish TDI cross, double bottom and space to the nearest resistance level of H4 TF long entry. TP1 of 53 pips just below this resistance level, TP2 of 120 pips below the resistance level of D TF.

take care,
thrax

so nice but I missed this one.
Took my eyes off this pair for few days.
Euro is bullish!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,799
  • Oct 2, 2012 1:33am Oct 2, 2012 1:33am
Euro is bullish !
I am careful with fakey today when LO.
I am still in Buy trade.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,800
  • Oct 2, 2012 1:53am Oct 2, 2012 1:53am
Quoting Phx62
While setting up charts for the week, noticed some divergence and decided to give it a go....moved to M15 and entered on TDI bounce.....first TP at 25. Price pulled back from 89EMA before LO then moved back up....moved stop to 50...then 75....then 100.....exited at 75 as price consolidated. Trades 2 & 3 were taken on TDI crosses....
Many thanks for your post!
Happy trading
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