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  • #10,501
  • Mar 1, 2013 6:32am Mar 1, 2013 6:32am
Quoting mierzyk
Am at work so not much time to post my trade. Took profits exactly where you did (thanks for yesterday's lesson). I entered lower though, after breaking down through Asian low. 1-1 R-R is the best newbie like me can do

Gratz for the trade,
M.
you are most welcome.

Whether it is newbie, pipie, oldie, or whatever people call us ...it is all in the mind.
Trading is a mind game you play with the other market participants. You need to be in the market to make money therefore you have to be a participant. We all need the mental fitness to survive in this market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,502
  • Mar 1, 2013 6:43am Mar 1, 2013 6:43am
Quoting emmanuel7788
EU 1 Mar LO trade update:

Took partial profit +50pips. Remaining position now protected at BE+2pips.
Jumping stop set at 30pips.
Hi Emmanuel

Same trade taken today at LO, entered at pullback of candle once crossed 24 ema, currently 80pips still in.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdnew.JPG Size: 60 KB
We're all just one trade away from humility.
  • #10,503
  • Mar 1, 2013 6:49am Mar 1, 2013 6:49am
Quoting Drewas
Hi Emmanuel

Same trade taken today at LO, entered at pullback of candle once crossed 24 ema, currently 80pips still in.
Great trade!

semafor is good alerter....for fractals highs.... old horse learn some new tricks
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,504
  • Mar 1, 2013 6:59am Mar 1, 2013 6:59am
Nice trades Emmanuelle!

I'm starting to be familiar with the system. I love it, but still have to learn a lot. Do you mind to share your levels indi, that one which include the yesterday Fib levels? I've seen it's very useful.

Another question, if you don't mind, how many pairs do you follow at the same time? I've seen you are centred in majors, isn't it?


thanx

You are very kind!

toni

Quoting emmanuel7788
EU 1 Mar LO trade update:

Took partial profit +50pips. Remaining position now protected at BE+2pips.
Jumping stop set at 30pips.
  • #10,505
  • Mar 1, 2013 8:53am Mar 1, 2013 8:53am
Quoting tonny47
hey Opemipo,

great to hear you like the system and doing well with it. it would be great learning for myself and others too if you post your trades you have taken, ideally with charts.
Thank u so much.We ve learnt a lot here by charts. I ll try to post mine as soon as i m able.
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #10,506
  • Mar 1, 2013 12:39pm Mar 1, 2013 12:39pm
Took the same pullback candle as you guys did. Closed my trade with a profit of +40 pips. Still need to understand how to maximize profits with this method.

Have a nice weekend everybody!
  • #10,507
  • Mar 1, 2013 5:52pm Mar 1, 2013 5:52pm
thought i might post the short trade i took on eurjpy off 15 min pinbar candle, initially planned to take less but then I saw nice pullback candle on 1 hour candle so i let it run for 70 pips. have a great weekend everyone
Attached Image (click to enlarge)
Click to Enlarge Name: 1 march short eurjpy 15 min.gif Size: 30 KB
  • #10,508
  • Mar 1, 2013 7:35pm Mar 1, 2013 7:35pm
Quoting forexdaist
Nice trades Emmanuelle!

I'm starting to be familiar with the system. I love it, but still have to learn a lot. Do you mind to share your levels indi, that one which include the yesterday Fib levels? I've seen it's very useful.

Another question, if you don't mind, how many pairs do you follow at the same time? I've seen you are centred in majors, isn't it?


thanx

You are very kind!

toni
Hi Toni,

attached are the two indicators I use to plot the Previous Day and Previous Week fibo levels. You can use these and do your back-testing and study how the market structure or price behaviour in relation to the fib levels of the previous day and previous week depends on which timeframe you want to trade. But do not forget about the histroical support and resistance levels and also the BRN and RN. CONFLUENCE of these price levels is important to follow. Only the CONSISTENT use and application will give consistent results. CONSISTENCY is a part of TRADING DISCIPLINE.

For intraday trading, I trade only 5 pairs - AU, EU, GU, EJ and AJ. The pairs AU, AJ and EJ I can trade from the Asian session when Sydney and Tokyo open. EU and Gu pre-dominatly for the London session till London close. I avoid the hours after London close becasue it is my beauty sleeping hours. But I do check my charts once every 4 hours. Other pairs for H4 swing trading are the Euro crosses for example EURAUD, EURGBP.

Do your weekend back-testing. Study the LO price moves and see how many opportunities there were and the range of those moves. Always know the day trading range of the pairs you trade with. For example if AU has an average day range traded over the past 100 days of 56 pips, do not expect to get 50 pips so easily unless there is a breakout potential or a trend continuation. Know which trend you are trading, the primary trend or the counter trend moves.

Do not lose sight of the Day candles and the Week candles when you do your Big Picture planning every week. For every bullish or bearish candle, there will be follow through until .....

Have a Good Weekend.
Attached File(s)
File Type: ex4 #Fibo Prev Day.ex4   8 KB | 529 downloads
File Type: ex4 #Fibo Prev Week.ex4   8 KB | 435 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,509
  • Mar 2, 2013 3:58am Mar 2, 2013 3:58am
Quoting tonny47
thought i might post the short trade i took on eurjpy off 15 min pinbar candle, initially planned to take less but then I saw nice pullback candle on 1 hour candle so i let it run for 70 pips. have a great weekend everyone
I see that your trade first went into your way and then pulled back and another candles closed blue, what made you stay in the trade even though blue candles formed?

Thanks for posting your trades
I Have Learned to Take Some Losses to Make Profits
  • #10,510
  • Mar 2, 2013 4:07am Mar 2, 2013 4:07am
hello, i moved my stop to BE once i was up about 30 pips. i expected it to range a little and i was quite lucky i didnt get stopped out at BE to be honest. the blue candle you are referring to is not a bullish candle in my opinion - it closed pretty much where it opened with (very small candle body) and large `tails` from each side

Quoting TheScorpS
I see that your trade first went into your way and then pulled back and another candles closed blue, what made you stay in the trade even though blue candles formed?

Thanks for posting your trades
  • #10,511
  • Mar 2, 2013 6:29am Mar 2, 2013 6:29am
Quoting tonny47
hello, i moved my stop to BE once i was up about 30 pips. i expected it to range a little and i was quite lucky i didnt get stopped out at BE to be honest. the blue candle you are referring to is not a bullish candle in my opinion - it closed pretty much where it opened with (very small candle body) and large `tails` from each side
Thank you Tonny, I'm trying as much as possible to be on the right side of trading, hope you continue posting cause am learning for your charts as well
I Have Learned to Take Some Losses to Make Profits
  • #10,512
  • Mar 2, 2013 12:26pm Mar 2, 2013 12:26pm
Quoting dee50
A fascinating read, has opened my eyes and is changing my view of trading and how to trade. Here is a small sample from "Time Compression Trading, Exploiting Multiple Timeframes in Zero Sum Markets"
Dee, thank you for recommending this book. I'm half-way into it now and it's truly eye-opening. Highly recommend it to anyone seriously interested in this business.

Here's a funny one from the book:
“Would you use a system with a 55 percent win ratio or one with a 35 percent win ratio?” Most people say, “I would use the 55 percent winner.” I then ask, “Why not use the 35 percent system and when it says buy or sell, execute the opposite trade instead? You would then have 65 percent winners by fading the system.” The light starts to go on formost people right about then.


Have a great weekend everyone.
  • #10,513
  • Mar 2, 2013 1:37pm Mar 2, 2013 1:37pm
[quote=ashx;6486558]Dee, thank you for recommending this book. I'm half-way into it now and it's truly eye-opening. Highly recommend it to anyone seriously interested in this business.


“Would you use a system with a 55 percent win ratio or one with a 35 percent win ratio?” Most people say, “I would use the 55 percent winner.” I then ask, “Why not use the 35 percent system and when it says buy or sell, execute the opposite trade instead? You would then have 65 percent winners by fading the system.”


what about some trend following traders who have only about 20% win ratio, yet they still make money? lol books where authors present some twisted logic always amuse me

havent read the book myself so cannot comment on quality
  • #10,514
  • Mar 2, 2013 10:00pm Mar 2, 2013 10:00pm
Hi Could someone advise me why when using the APB candles I can't just get the simplicity of those candles i have the candles or the bar charts mingled in with the APBs

Thx James
  • #10,515
  • Mar 3, 2013 12:02am Mar 3, 2013 12:02am
Quoting khidir
Hi Could someone advise me why when using the APB candles I can't just get the simplicity of those candles i have the candles or the bar charts mingled in with the APBs

Thx James
not sure what your problem is, but it can be the order of placing the APB and the price candle/bar.
you can place your price candle/bar in the foreground i.e. infront of the APB or thso other way.

see attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Bar behind APB.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,516
  • Mar 3, 2013 1:11am Mar 3, 2013 1:11am
Hello everyone. I have begun reading this thread three days ago and am about halfway through. Does anyone know where X-man went the last month? His last post was on his myths and legends forum.(also finished reading that)

I will also begin posting slides after installing the template. Any advice appreciated.

Thanks
  • #10,517
  • Mar 3, 2013 1:16am Mar 3, 2013 1:16am
Put line chart and put the color to the background color or transparent and you should not see anymore candles, bars or lines. or change color for bars you can do it multiple ways


Quoting khidir
Hi Could someone advise me why when using the APB candles I can't just get the simplicity of those candles i have the candles or the bar charts mingled in with the APBs

Thx James
  • #10,518
  • Mar 3, 2013 1:36am Mar 3, 2013 1:36am
Quoting tenmilewalk
Hello everyone. I have begun reading this thread three days ago and am about halfway through. Does anyone know where X-man went the last month? His last post was on his myths and legends forum.(also finished reading that)

I will also begin posting slides after installing the template. Any advice appreciated.

Thanks
well, I am sure X-Man is watching his thread everyday to see how we are trading. For sure, when he sees us heading in the wrong direction , he will post again.

Since you are just starting new, my advice is start with the S3 EU H1 method and post your charts everyday and describe what you see, write down your thoughts and how you make each trade decision. Trading is about entry and exits... one entry minimum two exits.

Start with a demo accont size which should be the true amount of capital when you decide to trade live one day.
Look at your first 20 trades, then eahc 20 trades thereafter. Post your trades so we can help you review them regularly.
After completing 100 trades, we review again the overall and then shall see if you can start trade live with real money.

What do you think?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,519
  • Mar 3, 2013 1:39am Mar 3, 2013 1:39am
Quoting TheDivine
Put line chart and put the color to the background color or transparent and you should not see anymore candles, bars or lines. or change color for bars you can do it multiple ways
my preference is to use the bar chart so that we can see the Open and Close prices.
Also, to have the bar chart in foreground also allow you to see the High and Low prices.
The APB body alone does not show the actual price High and Low under certain price volatility condition.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,520
  • Mar 3, 2013 1:51am Mar 3, 2013 1:51am
Quoting emmanuel7788
well, I am sure X-Man is watching his thread everyday to see how we are trading. For sure, when he sees us heading in the wrong direction , he will post again.

Since you are just starting new, my advice is start with the S3 EU H1 method and post your charts everyday and describe what you see, write down your thoughts and how you make each trade decision. Trading is about entry and exits... one entry minimum two exits.

Start with a demo accont size which should be the true amount of capital when you decide to trade live one day.
Look...
Brilliant. Thank you Emmanuel
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