Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Super Simple System for Scalping 177 replies

Super Simple System 314 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 176 replies

X-Man's super simple system 4 hour method 1 reply

Attachments: X-Man's Super Simple System
Exit Attachments

X-Man's Super Simple System

If (like me) you cannot figure out eur pa at the mo it might be best to just sit on the sidelines. Can't help thinking 2860 area (low from 29 Dec and Jan '11) might get a better reaction. We'll see.

I have it on good authority tomorrow will be better than today.
well i cant make sense of what is going on today. So choppy and more losses

How does one figure out to stay out of the market with out getting hurt?
Quoting hale-mary
well i cant make sense of what is going on today. So choppy

yes its choppy.
Choppy...I feel like someone is watching me and reversing the action just to get at me
Quoting pylofm
Choppy...I feel like someone is watching me and reversing the action just to get at me
HAHA, got the same,

every TDI cross is fake today

Daily range= 70pips,

hope tomorrow it find proper direction.

P.
Quoting Polleczko
HAHA, got the same,

every TDI cross is fake today

Daily range= 70pips,

hope tomorrow it find proper direction.

P.
TDI= "Trend Distraction Indicator"

the sooner you learn it, the better you stop using it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting hale-mary
well i cant make sense of what is going on today. So choppy and more losses

How does one figure out to stay out of the market with out getting hurt?
Firstly its a poor day, they happen, thankfully not that often. So you don't ditch a method because of an unusually low range day.

If you stick with the trend then the buys are automatically ignored. This mornings sell might just have been an exit at BE, the later sell couldn't break below the base that had formed at the days open. You'd have really had to be awake to see that one.

I think most methods would have struggled today, nothing to do with indi's.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6.gif Size: 15 KB
Click to Enlarge Name: 7.gif Size: 18 KB
Quoting hale-mary
well i cant make sense of what is going on today. So choppy and more losses

How does one figure out to stay out of the market with out getting hurt?
EU is at a big number at the mo, put markers at every 250 on your charts and you will see what i mean... ( 1.2750, 1.3, 1.3250 etc )

Do not trade into these numbers esecially the "000", also EU is in a nice trend,
Trade with it...

Once it trades past 1.2750 and uses it as support then take the trade,
dont forget to look at price action guys..

Hope this helps
Memories caught in time but never forgotten
Another interesting Ralph Shell article http://www.cashbackforex.com/articles/view/tabid/364/ID/457/Default.aspx?aid=112
These are the SR levels I'm watching for a poss move up, looking to sell the rally again. Just waiting to see the reaction to these levels should we get up there.

Oh hale-mary if you work on below 50 level on D as your trend you'd have been sell only from end Oct.
Attached Image (click to enlarge)
Click to Enlarge Name: 7.gif Size: 16 KB
See attached chart.
Little movement the whole day. Money flow must have gone elsewhere and not here.
Tomorrow should be interesting when today close narrow ranged. Breakout probability should be better tomorrow. I will look at D1 chart tomorrow opening. Still bullish bias and getting into intraday positions will be to buy low.
Closing shop now. Bedtime!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 10 Jan 12 update 11-1-2012 12-04-58 AM.gif Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Hey guys
I just popped in to see hows everyone doing.
I know that some of you guys are waiting for my compilation for the signal candles.
I've just been so busy recently that i cant sit at my charts to trade at all which is frustrating coz i love my charts.
The reason for all this is that my best friend is getting married on 22 Jan and my brother is getting married 17 march.
My brother got himself a nice house so we busy renovating that so you must its like a mad house trying to get everything ready as well as doing the wedding shopping.
Since everyone at work and im at home they made me in charge for organizing most of the things. From trader to errand boy
I really apologize for my delay because im just so tired at the end of the day to even look at charts.
I see that theres traders that are mastering my system and are helping other traders which i truly appreciate and thank so much, keep up the good work guys.

Regards
X-Man
X-man the legendary conqueror of markets
what is a good way to avoid choppiness or figure it out in a way as to protect yourself. I got slaughtered today when entered seeing price go down to 2767.

Days like these when the markets are choppy really beat up my account and wipe my gains. And my gains are not that huge because I never seem to hit the 50 pip mark only 30.

Also, today seemed like a bad day to trade...well i found out after the fact.

I recall phx62 in an older post mentioned that he found out that it is also important to know when not to trade...how does one go about figuring this out? For some reason, I am having trouble seeing what others are seeing. I hate this feeling
Quoting hale-mary
what is a good way to avoid choppiness or figure it out in a way as to protect yourself. I got slaughtered today when entered seeing price go down to 2767.

Days like these when the markets are choppy really beat up my account and wipe my gains. And my gains are not that huge because I never seem to hit the 50 pip mark only 30.

Also, today seemed like a bad day to trade...well i found out after the fact.

I recall phx62 in an older post mentioned that he found out that it is also important to know when not to trade...how does one go about...
The first tdi cross fake out in the direction of the dominant trend is the first sign for me.. When this happens, if I decide to take another trade, I set a tp of 40; take half off the table at 20 and set be at 20 pips.
Get ready, get set........ GO ???????



bounce or cross
Attached Image (click to enlarge)
Click to Enlarge Name: 0001.png Size: 49 KB
Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: -5.7%
Quoting hale-mary
what is a good way to avoid choppiness or figure it out in a way as to protect yourself. I got slaughtered today when entered seeing price go down to 2767.

Days like these when the markets are choppy really beat up my account and wipe my gains. And my gains are not that huge because I never seem to hit the 50 pip mark only 30.

Also, today seemed like a bad day to trade...well i found out after the fact.

I recall phx62 in an older post mentioned that he found out that it is also important to know when not to trade...how does one go about figuring...
Keep at it HM, I am sure it will start to "click" if you keep studying.

The Key is to study price action, how it behaves heading towards area's of confluence..i.e big numbers/..S/R..TL'S etc

For me, when i see price heading towards area's like this and it sets
up a trade i won't take it, i have been stung to many times over the years.
Wait for price to move through this area and start trading the other side
or away from it, look for a clean path, watch PA.

One of the main reason's why most traders lose money is OVER TRADING,
fact.

If you see a trade, grade it, A,B,C etc if its not an A whats the worst can happen......you save your money ! wait for a nice set up.
Its not a must to trade every signal...

I reckon i take 25% of the trades on offer to me, if that, it really makes
all the difference.

Hope this helps, all the best Ja
Memories caught in time but never forgotten
Quoting Erebus
Get ready, get set........ GO ???????



bounce or cross

Good morning Sir!
A bit too eary for me to take a test like this. LOL.
But I give it a go anyway.
If the next 2 H4 candles make 35 pips each and HH HL, then 25% chance it will be a bounce.
If next 2 H4 candle make 35 pips but form LH LL, then 25% chance it will be a cross.
Rest 50% I will trade what I see.

Your chart looks like GMT+2 and mine is GMT+0. Will that make a difference to my percentages?

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Hi All,

been making some good pips using the 4hr way, and been trying to backtest using the trading simulator, but im unable to show the daily channel when set to 4HR.

I've set the SHI time to daily, im thinking its somthing to do with the simulator only calculating the 4hr candles

Does anyone know a way round this issue

Cheers and thanks
Quoting gms
+132 pips with H4 method on AU:



my reasons for entry:

  1. TDI line crossed back into blue band
  2. synergy color change
  3. pullback candle
  4. confirmed by 4EMA / 60EMA cross
  5. confirmed by TDI cross

SL was below the swing low, TP was SL*2, TS 10 pips below last candle.

gary

Im waiting for this to come back down now and enter tomorow
Quoting hale-mary
what is a good way to avoid choppiness or figure it out in a way as to protect yourself. I got slaughtered today when entered seeing price go down to 2767.

Days like these when the markets are choppy really beat up my account and wipe my gains. And my gains are not that huge because I never seem to hit the 50 pip mark only 30.

Also, today seemed like a bad day to trade...well i found out after the fact.

I recall phx62 in an older post mentioned that he found out that it is also important to know when not to trade...how does one go about...
My thoughts are be prepared to have days where you say "no more trades, I'm just going to watch".

If you place your first trade of the day, and it turns out to be totally wrong, there's often a better than average chance that the rest of the day may be like that too. A bad start to the day can be a strong indicator that its going to be a bad day.

If you do decide to place a 2nd trade on a day like that, watch it very closely so that you can get out quick if you have to.

As has been said before, SLs should be considered emergency SLs only. If the trade clearly isn't going your way, don't be afraid to get out early. i.e. if you are only winning 30 pips each time, but you make it that you only lose 15 pips each time, then even if you only get 50% of your trades right, you'll still win in the long run.

Also, as you are entering trade, think to yourself "what could go wrong" and have a plan e.g. "if this candle closes below the previous close, I'll exit".

Just my 2c.
1 pip at a time ... if the entries are strong, the rest will follow ...
0 traders viewing now