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  • #8,981
  • Oct 30, 2012 10:09am Oct 30, 2012 10:09am
Quoting dee50
Having a long lie in were you? You know the clocks have changed?
yap!

my entry signal according to my rules was fired at 7am GMT.
I woke up at 8am and price was up 16 pips from me desired entry.
I could have entered but i learned not to chase the market, so thats why i was out of the market this morning.

did you take it at 8am?
  • #8,982
  • Oct 30, 2012 10:24am Oct 30, 2012 10:24am
Quoting munirpt
yap!

my entry signal according to my rules was fired at 7am GMT.
I woke up at 8am and price was up 16 pips from me desired entry.
I could have entered but i learned not to chase the market, so thats why i was out of the market this morning.

did you take it at 8am?
Yes, 9am my time GMT +1. Chart time 10am GMT +2
Cut your Losers short and let your Winners run.
  • #8,983
  • Oct 30, 2012 10:30am Oct 30, 2012 10:30am
.
Attached Image (click to enlarge)
Click to Enlarge Name: 15m pullback.png Size: 37 KB
Cut your Losers short and let your Winners run.
  • #8,984
  • Oct 30, 2012 10:31am Oct 30, 2012 10:31am
Quoting dee50
Yes, 9am my time GMT +1. Chart time 10am GMT +2
you should be sitting on a 50 pip profit trade....
  • #8,985
  • Oct 30, 2012 10:50am Oct 30, 2012 10:50am
Hi Phx62

Could you please post your chart for last week?
Hope that you didn't leave us...
You are one of the souls of this thread!
We need you here!

Cheers

Munir
  • #8,986
  • Oct 30, 2012 10:55am Oct 30, 2012 10:55am
Quoting munirpt
you should be sitting on a 50 pip profit trade....
Applause is a little premature, I got out for + 34 pips at confluence of the 61.8, Wk Pivot, 200 EMA. Even if I had let it run upto the daily ADR it would only have managed + 45. I am happy to be out with +34, it is peeing it down here and when ever it rains we lose the electricity. At the moment we are in the clouds and I can not see my Olive Trees 10m from my house, so the Internet connection is a bit hit and miss too.
Attached Image (click to enlarge)
Click to Enlarge Name: 24 10 TDI.png Size: 84 KB
Cut your Losers short and let your Winners run.
  • #8,987
  • Oct 30, 2012 11:02am Oct 30, 2012 11:02am
Of the 20 traders viewing this thread, How many of you are trading this method. 13 of you are currently not logged in.Why Not we donīt bite.

You input would be usefull.
Attached Image
Cut your Losers short and let your Winners run.
  • #8,988
  • Oct 30, 2012 11:06am Oct 30, 2012 11:06am
You have got to read this post. It is so true!!!!

http://www.forexfactory.com/showthre...34#post5461634
Cut your Losers short and let your Winners run.
  • #8,989
  • Oct 30, 2012 11:15am Oct 30, 2012 11:15am
Quoting dee50
You have got to read this post. It is so true!!!!

http://www.forexfactory.com/showthre...34#post5461634
Seems that unfortunately we are at the later stages......
  • #8,990
  • Oct 30, 2012 11:48am Oct 30, 2012 11:48am
Quoting munirpt
Seems that unfortunately we are at the later stages......
Number 12!!!
Cut your Losers short and let your Winners run.
  • #8,991
  • Oct 30, 2012 4:36pm Oct 30, 2012 4:36pm
munirpt dee50 and I wanted to ask you trade on a real account or demo account? You can say that trading successfully for a month with a real account with this system? I've recently been watching this system. By your comment, I see that you are trading on the M15 and H1 timeframes. You trade on H4 or not and why? I tried many trading systems here forexfactory.com but saw that system with which I could trade profitably. Most recently, I saw this system and interested. I have read many pages of this system, and I see a lot of people went to the other thread to trade M15.Kak what timeframe do you think is best for this system?.
  • #8,992
  • Edited Oct 31, 2012 2:56am Oct 30, 2012 6:16pm | Edited Oct 31, 2012 2:56am
Quoting vadimxsx
munirpt dee50 and I wanted to ask you trade on a real account or demo account? You can say that trading successfully for a month with a real account with this system? I've recently been watching this system. By your comment, I see that you are trading on the M15 and H1 timeframes. You trade on H4 or not and why? I tried many trading systems here forexfactory.com but saw that system with which I could trade profitably. Most recently, I saw this system and interested. I have read many pages of this system, and I see a lot of people went to the other...
Hi

One thing that took me some time to understand is that otherīs success will not make my success. Even if some people here like Dee, Phx, Emanuelle, Vantage, smarco and other traders trade successfully this system this will not mean that you will trade it successfully. What i understood is once you learn the skill of trading, you can be successful with any trading system, because you will know how markets move.

The only objective for a system is to provide you with a signal to enter and rules about where to place targets and stops.

Also, once you have a system, it doesn't mean that you will execute it well, because trading psychology is a difficult subject to master.

Also, in order to succeed you will need a sound money management system.

What i recommend you is that you do the backtesting for yourself considering at least 100 signals. That will prove to you the expectancy of the system as well as help you build the confidence to trade the system without deviations. also backtesting will help you understand when the system is more likely to give you false signals and when you can adjust stops and targets based on market conditions.

Referring back to your question, i do trade it live on 1H chart mostly.
I do not trade since long time live, because first i was doing my research and backtest, then i did demo trading for a while and now im trading live.

Do the work, and everything will go fine. Post your questions with charts and we will be able to help you on your way.

Wish you green pips!

Munir
  • #8,993
  • Oct 31, 2012 2:39am Oct 31, 2012 2:39am
True Munir,

I only open this thread in FF and X-man and PHX62 are the gurus for me. I am a nob in Forex but not a nob to a practical life lol. I have learnt alot from this system and started some what earning with my own method. Still I am testing S-3. Yes, the main thing is to learn how to trade and to learn the basic of forex trading. Then you can use any method successfully with backtesting.

Ahmed
  • #8,994
  • Oct 31, 2012 2:54am Oct 31, 2012 2:54am
Quoting munirpt
Hi

One thing that took me some time to understand is that otherīs success will not make my success. Even if some people here like Dee, Phx, Emanuelle, smarco and other traders trade successfully this system this will not mean that you will trade it successfully. What i understood is once you learn the skill of trading, you can be successful with any trading system, because you will know how markets move.

The only objective for a system is to provide you with a signal to enter and rules about where to place targets and stops.

Also, once you...
Well said.

The only thing I'd really comment on is the 100 signals. Whilst in all likelihood it would, just make sure you are covering an adequate time to trending and non trending markets. If you don't get too much damage in the non trending market you'll pretty much be OK once trending.

Pick 6 weeks or so from D chart where things pretty much went sideways and then look at 1hr pa in that period.

When back testing don't just look for a signal, try (yes I know its difficult at the start) and look for support and resistance levels (yesterday EUR had a move up from a classic support level it stopped at a few times), 1hr following flow i.e. lower highs, lower lows or higher highs and higher lows, signal where 1hr closes above/below most recent range (suggesting some legs to move further). Try and spot things that successful trades seem to have in common. If you need a little help with short term trend add a 32 lwma (not part of system) onto 1hr.
  • #8,995
  • Oct 31, 2012 3:05am Oct 31, 2012 3:05am
If i'm right, we're now waiting on a retrace on the 15m.
  • #8,996
  • Edited 4:28am Oct 31, 2012 3:17am | Edited 4:28am
Hi guys

Just wanted to explain my entries today. I woke up earlier today, because lately price moves a lot before Lo and leaves me behind. Today i got you!!!
I made 2 entries, one according to S3 rules and the other is based on price action

1- Entry after seeing price bounce at previous resistance(now support), 38.2% retracement and TDI about to cross. When price rejected that level (blue) and moved 15 pips, i understood that there was a lot of demand waiting , so i decided to get in

2 - Entry at 8am GMT according to S3 Rules. We had a pullback candle with cross of TDI. entry at the open of the second candle gray candle.

Update :

first position closed with 40 pips at the Round Number (also R1).
2nd position , SL moved to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 31.jpg Size: 151 KB
  • #8,997
  • Edited 3:44am Oct 31, 2012 3:29am | Edited 3:44am
Quoting munirpt
Hi guys

Just wanted to explain my entries today.
Thanks munirpt. Good anticipation. I waited for the cross, but then got left behind. (Whenever I 'chase' trades I lose).

(added)

Hopefully we'll get a decent retrace from here -1.3.
  • #8,998
  • Oct 31, 2012 3:56am Oct 31, 2012 3:56am
Quoting forXtrader
Thanks munirpt. Good anticipation. I waited for the cross, but then got left behind. (Whenever I 'chase' trades I lose).

(added)

Hopefully we'll get a decent retrace from here -1.3.
With US still likely out of action today I'd be very careful about further entries, ranges very small this week.
  • #8,999
  • Oct 31, 2012 6:07am Oct 31, 2012 6:07am
double top on the 15 min. Move stops up to lock in profit or close. Divergence with a DT strong reversal signal, eventually, normally
Attached Image (click to enlarge)
Click to Enlarge Name: dt.png Size: 43 KB
Cut your Losers short and let your Winners run.
  • #9,000
  • Oct 31, 2012 6:13am Oct 31, 2012 6:13am
Double top on the hourly at the confluence of the 89% and 61.8%. TDI OB on 1hr, 15min and LTF
Attached Image (click to enlarge)
Click to Enlarge Name: dt2.png Size: 41 KB
Cut your Losers short and let your Winners run.
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