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  • #10,681
  • Mar 11, 2013 2:56am Mar 11, 2013 2:56am
thank you emmanuel and empowers
  • #10,682
  • Mar 11, 2013 3:03am Mar 11, 2013 3:03am
EU H1 11 Mar

Pullback candle when LO
Attached Image (click to enlarge)
Click to Enlarge Name: EU 11 Mar H1 LO 11-3-2013 4-00-04 PM.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,683
  • Mar 11, 2013 3:06am Mar 11, 2013 3:06am
No TDI confirmation yet. Let's wait for double top

Have a good Monday!
M.
Remember I'm a newbie!
  • #10,684
  • Mar 11, 2013 3:37am Mar 11, 2013 3:37am
Quoting emmanuel7788
Believe me ... When you achieve success and consistent profitability trading Big E' TMS way you won't come back to S3 H4.
I've been studying both systems and dont see the difference between those. Could you please tell us their main difference?

So far:
both use TDI, TMS entry at cross while S3 entry at 2nd candle confirming direction
TMS is limited to NY/London session while S3 maybe used during any (but still NY/London)
TMS trades occurs more than S3 in a month because S3 waits for broken channel to limit the loss (i.e. really sell top, buy bottom)
back... and more dangerous.
  • #10,685
  • Mar 11, 2013 3:47am Mar 11, 2013 3:47am
Quoting kbp
I've been studying both systems and dont see the difference between those. Could you please tell us their main difference?

So far:
both use TDI, TMS entry at cross while S3 entry at 2nd candle confirming direction
TMS is limited to NY/London session while S3 maybe used during any (but still NY/London)
TMS trades occurs more than S3 in a month because S3 waits for broken channel to limit the loss (i.e. really sell top, buy bottom)
spend some time study both TMS and S3 H4 and you will learn the difference between eelfranz and X-Man - on how they trade.
it is about TIMING and DISCIPLINE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,686
  • Mar 11, 2013 3:59am Mar 11, 2013 3:59am
still no clear sign for entry on E/U 1h. The market is in a period of consolidation,the TDI is really tight and the bar colors changing every two or three. Hope it shows us some good movement later on today.
  • #10,687
  • Mar 11, 2013 4:21am Mar 11, 2013 4:21am
Quoting surfac
still no clear sign for entry on E/U 1h. The market is in a period of consolidation,the TDI is really tight and the bar colors changing every two or three. Hope it shows us some good movement later on today.
you are quite right ...market is undecided after last Frdiay' NFP drop. There is FEAR and GREED today.
The TDI is 'upset' with that huge 110 pips drop and is unreliable to read on lower TF like H1. It will take many H1 candles to clear this.
Wait for the dust to settle down and it will be clearer who is buying and who is selling.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,688
  • Mar 11, 2013 6:17am Mar 11, 2013 6:17am
Hi,

Just a caution, today NYO will be in 45mins. due to DST change.
if you are EU short after that H1 pullback candle, market has not move tha much.
So trade management decision to make in the next few minutes.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,689
  • Mar 11, 2013 6:45am Mar 11, 2013 6:45am
Quoting emmanuel7788
Hi,

Just a caution, today NYO will be in 45mins. due to DST change.
if you are EU short after that H1 pullback candle, market has not move tha much.
So trade management decision to make in the next few minutes.

Trade Well.
So the NYO still to happen?? I closed my EU position an hour ago with a small pip lose.


thanxs
  • #10,690
  • Mar 11, 2013 6:55am Mar 11, 2013 6:55am
Quoting forexdaist
So the NYO still to happen?? I closed my EU position an hour ago with a small pip lose.


thanxs
today there is no stimulus to move EU...maybe after London close.

got to look at the news calendar again and look for red coded news.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,691
  • Edited 11:48am Mar 11, 2013 10:35am | Edited 11:48am
Got a long signal , closed it for 11 pips profit, this is enough for the day

Its nice to race like a turtle, patience , quite slow, building belief and confidence in the system , following an edge

All takes lots of back-testing, as X man says, yes I back-test almost every-night now, I will continue back test until i'm successful, and will will never stop practicing, cause practice makes perfect and Forex is no difference , yeah



Question is

I draw Fibs from last swing high to swing low
Then I draw fibs from swing low to todays swing high, and saw that 38.2 and 23.6 were in confluence , am I right?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 3-11-2013 6-26-54 PM_winner.jpg Size: 318 KB
I Have Learned to Take Some Losses to Make Profits
  • #10,692
  • Edited 8:43pm Mar 11, 2013 5:50pm | Edited 8:43pm
Quoting TheScorpS
Got a long signal , closed it for 11 pips profit, this is enough for the day

Its nice to race like a turtle, patience , quite slow, building belief and confidence in the system , following an edge

All takes lots of back-testing, as X man says, yes I back-test almost every-night now, I will continue back test until i'm successful, and will will never stop practicing, cause practice makes perfect and Forex is no difference , yeah



Question is

I draw Fibs from last swing high to swing low
Then I draw fibs from swing low to todays swing...
IMHO, there is no right or wrong the way your draw your Fibs.
But, what is the purpose using Fibs is important and be consistent in the way you use that.
Differrent traders use Fibs in different ways. The market don't move according to Fibs, that's a belief many traders see on their charts and they believe. For example, Elliot Wave traders use Fibs in a distinct way. Other wave traders create their own wave ratios and some are good at that for example names like Joe DiNapoli, Larry Pasavento, are my favourites.

I trade with one belief - I am always right until the market proves me wrong.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,693
  • Mar 11, 2013 8:46pm Mar 11, 2013 8:46pm
London Close

London P/L:-75
New York P/L:

Daily total:-75

Aggregate Trades: 19
Aggregate P/L: 208
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mar 8 london close eur.usd.h1.png Size: 63 KB
Click to Enlarge Name: mar 8 london close gbp.usd.h1.png Size: 61 KB
  • #10,694
  • Mar 11, 2013 8:48pm Mar 11, 2013 8:48pm
a very interesting system and very simple to use
  • #10,695
  • Mar 11, 2013 9:08pm Mar 11, 2013 9:08pm
Quoting hitcola
a very interesting system and very simple to use
Do It Right the First Time!

This is not a system, not yet IMHO.

It is only 10% of the three M's. This is what you need to learn and practice, practice, practice.

The other 90% is the other two M's.

Tip of the Iceberg.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,696
  • Mar 11, 2013 10:32pm Mar 11, 2013 10:32pm
Quoting Aztrader2
Hi Xman,

Thanks for sharing your systems.

I've some questions about the systems.

4H system:
1) Must we trade only the bottom of ascending 4H channel and the top of descending ones? Or can we trade both the extremes of a 4H Channel?
2) In the first case, must the 4H channel be in the same direction of D1 channel?
3) We trade these points also if PA is far from 60 EMA? (i.e. we go long @ the bottom of ascending channel also if 60 ema is above the price & going down?)

Thanks!
I'm having these exact same questions. If anyone could answer these, it'd be much appreciated. X-man has run away from this thread.
back... and more dangerous.
  • #10,697
  • Mar 11, 2013 10:33pm Mar 11, 2013 10:33pm
Quoting emmanuel7788
IMHO, there is no right or wrong the way your draw your Fibs.
But, what is the purpose using Fibs is important and be consistent in the way you use that.
Differrent traders use Fibs in different ways. The market don't move according to Fibs, that's a belief many traders see on their charts and they believe. For example, Elliot Wave traders use Fibs in a distinct way. Other wave traders create their own wave ratios and some are good at that for example names like Joe DiNapoli, Larry Pasavento, are my favourites.

I trade with one belief - I...
Ok emmanuel, thanks for your help, now I can play even more with fibs, I will dig more into Fibonacci
I Have Learned to Take Some Losses to Make Profits
  • #10,698
  • Mar 12, 2013 1:16am Mar 12, 2013 1:16am
Quoting kbp
I'm having these exact same questions. If anyone could answer these, it'd be much appreciated. X-man has run away from this thread.
According to the information I have, X-man did not run away. He is just attending to some personal matters and I am sure he will be back soon.

I guess that is one of the spin-offs of being successful at trading.....you can and may take a time-out to spend on enjoying life, whenever you want.
  • #10,699
  • Mar 12, 2013 1:20am Mar 12, 2013 1:20am
EJ trade, take after break two previous candle
Attached Image (click to enlarge)
Click to Enlarge Name: 3-12-2013 1-08-11 PM.jpg Size: 192 KB
  • #10,700
  • Mar 12, 2013 1:52am Mar 12, 2013 1:52am
Quoting Pervis
EJ trade, take after break two previous candle
http://www.forexfactory.com/attachme...1&d=1363068925


Very good trade. Well done.

Good clean chart. I LIKE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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