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  • #10,121
  • Feb 1, 2013 6:25am Feb 1, 2013 6:25am
Quoting emmanuel7788
hello Opemipo,



3. What is confusing? there S3 E-U method pdf which explains the method clearly. If you have question relating to this pdf, please be specific with a question.



Regards,
Have there been pdf (or Word or whatever) updates to the method as described in the pdf on the first page? (the charts templates as used/posted by most traders here are quite different, which may confuse newbies). I understand most people use 10, 50, 200 emas (as described, most probably, in the 15m simple trading method thread).
Thank you.
  • #10,122
  • Feb 1, 2013 6:49am Feb 1, 2013 6:49am
Quoting MidnightRun
Have there been pdf (or Word or whatever) updates to the method as described in the pdf on the first page? (the charts templates as used/posted by most traders here are quite different, which may confuse newbies). I understand most people use 10, 50, 200 emas (as described, most probably, in the 15m simple trading method thread).
Thank you.
I know what you meant.

The S3 EU method is a H1 trading method. Members who consider themselves to be newbies should stick to trading the EU pair only on H1 chart. The method remains the same and there has not been any change. The basic chart setup is still the same - Synergy APB and TDI and the EMA4 shift+2.
The key to this method is Price Action.

Newbies must be aware of the much smaller trading range of the EU which is below 80pips lately except on extreme trending days. You will umnlikely get that 50pips per tarde so easily unless you have the experience level of trader Phx62.

For members trading on M15 charts using the 10/50/200 and 800EMAs should refrain from posting in this thread. They should post in the other thread which is a M15 trading method.

Newbies can post their S3 questions here and there will be members who will help.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,123
  • Feb 1, 2013 7:12am Feb 1, 2013 7:12am
Quoting emmanuel7788
hello Opemipo,

few questions:

1. How long have you been trading forex?

2. Do you know MT4 platform well enough to install those indicators in post#1 and save a chart and post a chart here?

3. What is confusing? there S3 E-U method pdf which explains the method clearly. If you have question relating to this pdf, please be specific with a question.

4. How many pages of this thread have you read so far?

Regards,
1. For 6 years

2. Yes

3. The main point of enrty n exit. How 2 really discover d signal candle. What are d characteristics of d candle? How do I know d market has really pulled back enough b4 I can enter d market?

4. I ve been following d thread 4 a very long time even b4 I joined ff.

Thanks 4 ur reply!
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #10,124
  • Feb 1, 2013 8:02am Feb 1, 2013 8:02am
Another E/J trade

Loving the fib expansion for profit targets.
Attached Image (click to enlarge)
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  • #10,125
  • Feb 1, 2013 8:53am Feb 1, 2013 8:53am
https://www.myfxbook.com
  • #10,126
  • Feb 1, 2013 8:55am Feb 1, 2013 8:55am
Quoting TheScorpS
Nice Tarde, how long have you been trading this strategy?

I asked because I think it would take time for me to develop the patience required to make a trade profitable

I see that after entry price draw down was almost - 30 pips or so, what made you continue staying in the trade?

This is what I would like to master, is knowing when a trade starts to draw down that this is just the trade is developing and to differentiate between this and a loosing trade

So in a normal trade draw down, patience is the key, wait and see your trade becomes...
go to https://www.myfxbook.com and add you reel account information
  • #10,127
  • Feb 1, 2013 11:39am Feb 1, 2013 11:39am
Quoting chye
Hi,thrax,your charts looks great,i love it.
can u share your template? Thanks and green pips!
Hi,

here you go.

take care,
thrax
Attached File(s)
File Type: zip indies.zip   16 KB | 641 downloads
File Type: tpl template_thrax.tpl   20 KB | 521 downloads
  • #10,128
  • Feb 1, 2013 11:42am Feb 1, 2013 11:42am
Quoting Phx62
As price moved to 100 pips profit, I exited 1 lot and left the other lot to reach the 220 TP, which it did!!!!!! When I took off the 1st lot, I added the question to the chart..."will it go the entire 262 pips?".......the answer to that question is.....IT DID!!!!
Another eye opener for me and another tool for my tool box.......
Done for the week.......success to each of you.....
Phx62,

it is amazing you achieved more in this trade than a month salary! Beautiful! I am working hard to achieve your results.

take care,
thrax
  • #10,129
  • Feb 1, 2013 12:27pm Feb 1, 2013 12:27pm
Quoting emmanuel7788
Hi shok...,

Trading Asian session, you must watch how the US seesion close...
Thanks emmanuel. That explanation was really a big help. I attempted to make a trade based what I saw on the H1 and H4 timeframes and on what seemed like a close enough bounce off the bottom daily channel. I was obviously too quick to pull the trigger.

As I was taking the trade I was aware of being in the Asian session (thought twice about taking it for that exact reason) but was eager to at least start making attempts with the S3 system as well as improve functionality in my EA as it tracks my trade.

I'm attempting to dive in with my demo account as I try to find a trading schedule that works for me while I handle my normal job and kids.

Thanks again.
  • #10,130
  • Feb 1, 2013 12:32pm Feb 1, 2013 12:32pm
Quoting TheScorpS
T

When you say there is space to the last high or low , can you give me some more details on this?

And when you see the price is making a strong move and almost at resistance, do you enter or you just wait until it clears the resistance and then only you enter the trade?

I find my self in losing trades specially when market is ranging, the thing is most of the times I can get out with BE or little loss, but still I need more experience and controlled psychology to be able to do so


Thanks
Hi,

For explaining the space I was mentioning, please see the chart.

I always wait for the TDI cross as confirmation. If the price moves above the resistance level AND there was a TDI cross AND bullish HA candle (1st, or 2nd) AND price is above ema(200) this is a good setup.

If my approach or understaning is wrong I kindly ask the seniors (dee50, Phx62, emmanuel) to correct me.

take care,
thrax
Attached Image (click to enlarge)
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  • #10,131
  • Feb 1, 2013 2:07pm Feb 1, 2013 2:07pm
Quoting Phx62
As you can see on the chart, there have been 16 blue candles in a row (now 18 blue candles)...so no need to exit the trade........
When I took off the 1st lot, I added the question to the chart..."will it go the entire 262 pips?".......the answer to that question is.....IT DID!!!!
Price and the blue APB candles actually continued up for another six hours following my exit making that run about 320 pips instead of 262....then price retraced to the 38.2 fib of the CD leg and then moved up another 220 pips. I didn't trade today but you could have easily taken another 100+ pips on that move.......Love it when the markets move and give up those pips.........
Have a good weekend everyone.....
  • #10,132
  • Edited 8:29pm Feb 1, 2013 5:55pm | Edited 8:29pm
Quoting shoktrader
Thanks emmanuel. That explanation was really a big help. I attempted to make a trade based what I saw on the H1 and H4 timeframes and on what seemed like a close enough bounce off the bottom daily channel. I was obviously too quick to pull the trigger.

As I was taking the trade I was aware of being in the Asian session (thought twice about taking it for that exact reason) but was eager to at least start making attempts with the S3 system as well as improve functionality in my EA as it tracks my trade.

I'm attempting to dive in with my demo account...
Hi shok,

Here is yesterday's example on AU.

Again PA fails to beark below Fibo 127% and reverses back up. See chart example.

Also an example using S3 H1 entry when LO.

But there were some risk yesterday as there was NFP, otherwise, that was a good S3 trade setup.

Since you have normal job and kids to look after, it make sense to use an EA to manage trades. This should work well and you concentrate on chart analysis and look for the trade setup conditions. Focus in not more than 5 currency pairs, this will give you enough trades per month. And with proven money management strategy, and a consistent win rate above 50%, you will make money. Then one day, you can fire your boss. LOL.

regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU 1 Feb POMO .png Size: 62 KB
Click to Enlarge Name: AU 1 Feb S3 entry example.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,133
  • Feb 1, 2013 6:10pm Feb 1, 2013 6:10pm
Quoting Phx62
I just completed the most FANTASTIC trade of my trading life....a 16 hour trade.....I have been studying training videos on the Pro Trader Network about Market Structure, Market Harmonics and Price Action (there is a link on the 1st post of this thread to the PTN). The site is run by a trader who has posted on this thread and the TMS thread under the name of dcginc. He is a full time trader whos real name is Rick and he runs the PTN site to help other traders...
Market harmonics builds on the concept is that price action moves in repeatable patterns...
CONGRATULATIONS! ...that calls for celebrations.

Thank you for sharing your achievement, it is awesome and inspiring.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,134
  • Feb 1, 2013 6:50pm Feb 1, 2013 6:50pm
thrax

Do you stick to 4 hour most of the time?

Thanks you.

daveM
  • #10,135
  • Feb 2, 2013 2:28am Feb 2, 2013 2:28am
Quoting Blaiserboy
thrax

Do you stick to 4 hour most of the time?

Thanks you.

daveM
Yes, because I am working full time so I can not monitor my trades continuously. I tried H1 but in most of the cases I lost, so I stick H4.

take care,
thrax
  • #10,136
  • Feb 2, 2013 3:35am Feb 2, 2013 3:35am
Quoting thrax
Yes, because I am working full time so I can not monitor my trades continuously. I tried H1 but in most of the cases I lost, so I stick H4.

take care,
thrax
Increasing time frame doesn't necessaily increase win probability.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,137
  • Feb 3, 2013 6:14am Feb 3, 2013 6:14am
Quoting Phx62
I just completed the most FANTASTIC trade of my trading life....a 16 hour trade.....I have been studying training videos on the Pro Trader Network about Market Structure, Market Harmonics and Price Action (there is a link on the 1st post of this thread to the PTN). The site is run by a trader who has posted on this thread and the TMS thread under the name of dcginc. He is a full time trader whos real name is Rick and he runs the PTN site to help other traders...
Market harmonics builds on the concept is that price action moves in repeatable patterns...
Hi Phx62.

Well, since I'm working on this for a while now I'm glad to see you are doing same thing and rocking it!

Pro Trader Network is great, simple and practical application of TDI, PA and harmonic trading.

If anybody else is interested to put together harmonic patterns and TDI (I do think it's a perfect mix), I'd recommend to check at least:
- Read (or at least check quickly) books by Scott M. Carney: Harmonic Trading, volume 1 and 2.
It's really nothing new. We've seen it all. But at least I didn't really apply it to trading in the past. So, reading and seeing practical application helps.
note: books are available on line as pdf in case anybody wonders... :-)
- Potentially check thread from Mr. Pip. For the sake of harmonics only in my oppinion, don't get to carried away with ideas of another time frames.

BR
  • #10,138
  • Feb 4, 2013 7:20am Feb 4, 2013 7:20am
Phx62
Quote
I just completed the most FANTASTIC trade of my trading life....a 16 hour trade.....I have been studying training videos on the Pro Trader Network about Market Structure, Market Harmonics and Price Action (there is a link on the 1st post of this thread to the PTN). The site is run by a trader who has posted on this thread and the TMS thread under the name of dcginc. He is a full time trader whos real name is Rick and he runs the PTN site to help other traders...

Congrats and some really great work on that trade! Simple isn't it when you trade what you see, follow some simple rules and have patience!?!

all the best.

dcginc.
  • #10,139
  • Feb 4, 2013 8:02am Feb 4, 2013 8:02am
EU 4 Feb NYO+1

Potential H1 setupo for BUY...wait!
Attached Image (click to enlarge)
Click to Enlarge Name: EU 4 Feb NYO+1 4-2-2013 9-59-45 PM.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,140
  • Edited 12:15pm Feb 4, 2013 9:08am | Edited 12:15pm
Quoting emmanuel7788
EU 4 Feb NYO+1

Potential H1 setupo for BUY...wait!
I was looking at this setup last night (while I waited for the lights to go back on during the Super Bowl!).

As I write this my H1 TDI shows a bullish cross at the 32 line. H4 chart seems to show some heavy bearish momentum . Question I have for you is if you are trading off this H1 chart where would you enter? Are you planning on taking this setup and trading from the M15?

Thanks.

(EDIT: I'm going to withdraw these questions. The potential trade I was looking at didn't develop. Major trend still shows up but I'm now looking for this to head down towards 1.35 area in the short term.)
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