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X-Man's Super Simple System

  • #11,081
  • Apr 28, 2018 10:30am Apr 28, 2018 10:30am
if you think you can trade from one timeframe then please expect to give back the profits to the markets all the time.

Nothing is worst than that. because we tend to risk more to make up from those losses and lose even more.
X-man the legendary conqueror of markets
  • #11,082
  • Apr 28, 2018 10:51am Apr 28, 2018 10:51am
Another thing is that if anyone think trading can be done part time.

This is wrong concept.
If you go for seminars or webinars showing you systems to trade part time, the broker or the people leading that is totalling misleading you.
if its a broker then they want to B book.
we already struggle to make profits on our own but then we still have to worry about finding a good broker that wont manipulate your trades while you trade.
I had brokers compound their swap rates when you leave a trade too long.
so if you thinking of holding a trade for few days or weeks that broker will eat your account just on swaps.


1. you have to analyze the markets for setups
2. once you see the setup you will have to watch the pair for hours or all the time waiting for the setup to materialize.

These 2 steps alone already take most of your trading time. 90% of a traders time is waiting for that trade to happen.
If you are working you get to miss all of this.
Also when you work you dont get chart time. (live chart time)

3. Once the trade happens then we have to manage risk. you either set a stop loss and walk away or manage the trade adding to the position and reducing the risk as the trades happen.
sometime we risk 2% or 1% but as the trade runs we should be reducing that risk all the time.
X-man the legendary conqueror of markets
  • #11,083
  • Apr 28, 2018 11:03am Apr 28, 2018 11:03am
brokers that you should watch out for:

Brokers that give bonuses when you sign up.
Who in their right mind will give out free money just to sign up with them.
Thats the first indication of B booking.
B booking is not bad itself.
B booking becomes bad when you start winning consistently.
That means your broker start losing consistently. which is not good at all for them.
Which means they will start manipulating your trades for you to lose.

Another tip for a B book broker is that they keep phoning you to take a trade or keep telling you what looks good in the market when you become inactive.
Its your account why they hell are they worried if you are not trading,.
Why push you to make a trade. they will even call themselves fund managers and trading specialists with fancy accents and we get carried away, thinking they know it all. then when you lose they make you put in more capital.

the next tip for a B book broker is that they push you to do higher or more lots.
since when is that their concern on how many lots you trade?

They hate traders that take few trades a month that wins.
They want traders that takes many trades at high lots trying to double their accounts within the month
thats their dream clients.
X-man the legendary conqueror of markets
  • #11,084
  • Apr 29, 2018 3:36am Apr 29, 2018 3:36am
Good Morning everyone

How is everyone doing?
I posted a poll on the first page.
It asks the question whether I should start a live interactive group.

Let me know if that would be a good idea.
X-man the legendary conqueror of markets
  • #11,085
  • Apr 29, 2018 3:43am Apr 29, 2018 3:43am
I see Pip26 back on FF as well.

Its so hard to contact people because I am only limited to the commercial section.

I cant post anywhere else.
X-man the legendary conqueror of markets
  • #11,086
  • Apr 29, 2018 4:03am Apr 29, 2018 4:03am
Quoting fxlrich
{quote} This makes me happy to hear. iv been chugging along trying to stay afloat. i know for a fact that im going to make it its just a matter of time. Just going through an annoying rutt in my trading at the moment. So you trade this exact method and its consistently profitable for you ? just want to know if its worth me going through the hole thread. im on the hunt for something i can trade on the 1hr and possibly even the 15m charts. cheers mate hope you can reply.

How long have you been trading for?
What timeframes do you look at?

Explain to me your current trading system? explain and show it to me with a chart.

Send me your email address in private message.

A lot of us here will throw a system down your throat.
How do we know its your trading style in the first place?

So a person that understands the markets will be able to pick up your issues when you explain how you current trading.
i need to know how do you look at the markets to help you trade better.

Like a doctor
A doctor can not prescribe medication to you if he does not know your symptoms.
If has to find the cause and then help you out.

same here I have to see where your bad habits lie before I can even tell you read the entire thread.
X-man the legendary conqueror of markets
  • #11,087
  • Apr 29, 2018 4:14am Apr 29, 2018 4:14am
Hi X-Man,

I am currently using Mxxdhi's way. https://www.forexfactory.com/showthread.php?t=588548
But I am keen to learn your style. Glad to see you're back.

Regards,
Shaun
Full Time Funded Trader. Occasionally drop by FF. Expect a delay in reply.
  • #11,088
  • Apr 29, 2018 4:30am Apr 29, 2018 4:30am
Quoting WindFreeze10
Hi X-Man, I am currently using Mxxdhi's way. https://www.forexfactory.com/showthread.php?t=588548 But I am keen to learn your style. Glad to see you're back. Regards, Shaun
The system is the same (meaning the chart setup and the indies used)
He just managed to use it in a way that suits his style and personality.

You showed me the thread but I still do not know how you trade.
Many of us use the systems but howcum some make money and others lose.

because we look at it differently.
X-man the legendary conqueror of markets
  • #11,089
  • Apr 29, 2018 4:35am Apr 29, 2018 4:35am
Also I understand that most of us wont even be able to explain their bad habits in trading.

If this was the case then we would easily stop the bad trading habit and improve.
Many of us dont even know what we doing wrong.

Thats the one reason I want to start the interactive trading group because over time i would pick up the bad habbits.
It wont all be done in one day.

It is a process

Whoever is looking for this can mesaage me their emails and I would get back to them on the interactive group that will happen daily
X-man the legendary conqueror of markets
  • #11,090
  • Apr 29, 2018 6:17am Apr 29, 2018 6:17am
X-Men , it is nice to see u r back again here. I am looking forward to your coming input. I hope the interactive trading group is coming soon. Until now i only see 4 people interested. It will be a pity if it stucks here. All the best.
  • #11,091
  • Apr 29, 2018 1:17pm Apr 29, 2018 1:17pm
Quoting X-Man
I see Pip26 back on FF as well. Its so hard to contact people because I am only limited to the commercial section. I cant post anywhere else.
Why don't you write to the moderator to get yourself out of the commercial section and start a new thread. I will be glad to participate
the cautious seldom err....C
  • #11,092
  • Apr 29, 2018 4:21pm Apr 29, 2018 4:21pm
Quoting pips29
{quote} Why don't you write to the moderator to get yourself out of the commercial section and start a new thread. I will be glad to participate
HI

Yeah I sent them a message, waiting to hear from them this week.
Lets see what happens

The interactive group will be to assist traders on how to better their trading .
It will also be used to share live trades instantly.

On FF its very difficult to share live trades etc.

I see alot of times there is hesitation on FF to share live trades etc.
This leaves alot of traders wondering whether trading full time is a real thing or just a dream or false hope.
X-man the legendary conqueror of markets
  • #11,093
  • Apr 29, 2018 4:21pm Apr 29, 2018 4:21pm
Quoting emiel2303
X-Men , it is nice to see u r back again here. I am looking forward to your coming input. I hope the interactive trading group is coming soon. Until now i only see 4 people interested. It will be a pity if it stucks here. All the best.

It will happen very soon.
Ill set up everything this week and get things going asap
X-man the legendary conqueror of markets
  • #11,094
  • Apr 29, 2018 4:24pm Apr 29, 2018 4:24pm
For the traders that will have a time xzone difference that will be ok because the messages will always show in the interative group for you to reply when you available etc.

Most of us have to be up during the important hours like london and new york session.
Those are the times where most of the trades happen
X-man the legendary conqueror of markets
  • #11,095
  • Apr 29, 2018 4:26pm Apr 29, 2018 4:26pm
The software I will use will be telegram.

I think that will be appropriate since it will go well on the PC and mobile platform.
We can load 100 000 members there if we get to that point.

Whatsapp only takes a few hundred and thats it.
X-man the legendary conqueror of markets
  • #11,096
  • Apr 29, 2018 4:29pm Apr 29, 2018 4:29pm
Here, other interested in that interactive group, I hope itīs coming soon. A lot of us will be able to benefit from your huge experience, X-Man, sure we need it.
I've seen bars you people wouldn't believe...
  • #11,097
  • Apr 29, 2018 5:29pm Apr 29, 2018 5:29pm
hey guys this is my first live trade with this method going in with tiny size as a tester. Feedback is appreciated, what i did wrong, could've done better etc. thanks
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  • #11,098
  • Apr 29, 2018 7:31pm Apr 29, 2018 7:31pm
Quoting fxlrich
hey guys this is my first live trade with this method going in with tiny size as a tester. Feedback is appreciated, what i did wrong, could've done better etc. thanks {image}
Hi fxlrich,

Please see my humble opinion for EURCAD H4. Thanks.
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FOR THE HORDE
  • #11,099
  • Apr 29, 2018 9:26pm Apr 29, 2018 9:26pm
Welcome back X-MAN!

Here is one that might set up nicely

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  • #11,100
  • Apr 29, 2018 10:15pm Apr 29, 2018 10:15pm
thoughts on eurjpy ? recently broke the trend line. expecting a retrace and a bounce off tdi market baseline (yellow line) before a continuation low?
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