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X-Man's Super Simple System

  • #341
  • Nov 29, 2011 2:11am Nov 29, 2011 2:11am
X-Man,

I was trading strictly off of the 1 hour chart. But I'am
watching it very closely, I'll liquidate it if it turns on me.

Do you monitor the daily chart for your trade set-ups?

snarlyjack
  • #342
  • Nov 29, 2011 2:13am Nov 29, 2011 2:13am
Quoting f3iyun
X-Man, i'm shorting based on the E/U H1 chart. As TDI green has crossed red. Please correct me if i'm wrong.
ok you talking about the 1H .
i thought you talking about the swing trading coz thats what you quoted when i mentioned you couldve made over 1000 pips in 10 days by just trading the bounces off the daily channel
X-man the legendary conqueror of markets
  • #343
  • Nov 29, 2011 2:15am Nov 29, 2011 2:15am
Quoting X-Man
ok you talking about the 1H .
i thought you talking about the swing trading coz thats what you quoted when i mentioned you couldve made over 1000 pips in 10 days by just trading the bounces off the daily channel
Haha, I see. I only trade E/U using your H1 method. I'll be trading other pairs using H4 swing trade with D1 SHI.
  • #344
  • Nov 29, 2011 2:15am Nov 29, 2011 2:15am
Quoting snarlyjack
X-Man,

I was trading strictly off of the 1 hour chart. But I'am
watching it very closely, I'll liquidate it if it turns on me.

Do you monitor the daily chart for your trade set-ups?

snarlyjack
I only monitor daily and 4H for my swing trading.
When i trade the 1H E/U then i only look at the 1H no other chart ,now and then ill flick to the 15m to just see whats happening there.
X-man the legendary conqueror of markets
  • #345
  • Nov 29, 2011 2:17am Nov 29, 2011 2:17am
Quoting lite27
X-MAN, 1h.TDI have crossed now, should we wait for close of 1h.candle before open a trade? Thank you
To me it crossed on the close of the first red candle so to go short on the open of the second red candle wouldve been a good idea.
X-man the legendary conqueror of markets
  • #346
  • Nov 29, 2011 2:18am Nov 29, 2011 2:18am
Did we have short signal just now based on 1H rules?


http://i42.tinypic.com/ngku9.gif

Or we should wait first (or aware with our short?) as the 4H seems to bounce?

http://i39.tinypic.com/2j9v8o.gif
  • #347
  • Nov 29, 2011 2:21am Nov 29, 2011 2:21am
i have missed that trade set up so ill just wait for the NY session.
Guys if you miss a set up dont worry there will be loads to come.
Everyday you will be at least getting 1 to 2 trades a day and that will be making your pip target.
my minimum pip target for the day is 35 pips.
When i get 100 pips a day then its a good day for me.
Sometimes i see a trade giving 100 pips in the london session with 100 pips in the NY session imagine a day like that
X-man the legendary conqueror of markets
  • #348
  • Nov 29, 2011 2:24am Nov 29, 2011 2:24am
Quoting lite27
X-MAN, 1h.TDI have crossed now, should we wait for close of 1h.candle before open a trade? Thank you
On EURUSD H1 TF, the setup looks okay. I'll wait tiil this current GMT0800 H1 candle closes to confirm the TDI green cross red before I make an entry.
Note: The last H4 GMT0400 candle closed as a pin bar.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #349
  • Nov 29, 2011 2:24am Nov 29, 2011 2:24am
Quoting viocable
Did we have short signal just now based on 1H rules?


http://i42.tinypic.com/ngku9.gif

Or we should wait first (or aware with our short?) as the 4H seems to bounce?

http://i39.tinypic.com/2j9v8o.gif
Viocable when you trade the 1h method dont worry about the 4H chart or any other chart, thats what makes it so simple.
Just focus on the 1H chart thats all
only when you ready to take a swing trade then look at the 4H and daily. Thats some important tips.
X-man the legendary conqueror of markets
  • #350
  • Nov 29, 2011 2:24am Nov 29, 2011 2:24am
Quoting X-Man
To me it crossed on the close of the first red candle so to go short on the open of the second red candle wouldve been a good idea.
Hi X-Man, referring to your reply above. Can you tell me when is ur shorting entry based on the hours stated on the picture i've posted so that i can have a clearer view and understanding of your H1 method!

Thank you so much!
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1.gif Size: 33 KB
  • #351
  • Nov 29, 2011 2:25am Nov 29, 2011 2:25am
Hey X,

Congrats on such a successful thread and method, you're doing well.

Quick question - I know at one stage you had different MAs on the 4 hr (e.g. 40ma on the EU, 60 on the GU, 30 on the AU) ... have you now defaulted to just having 60 on all pairs?

(Apologies if this has been asked already, I've only had a chance to quickly skim read so far).

Cheers!
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #352
  • Nov 29, 2011 2:26am Nov 29, 2011 2:26am
X-Man,

Would it still be to late to enter on the short?
It's only into candle #1, maybe 2 at the most if you
count the top candle above the moving average?

snarlyjack
  • #353
  • Nov 29, 2011 2:28am Nov 29, 2011 2:28am
Quoting X-Man
guys i just want to say that if you guys traded the bounces off the daily SHI channel in the 4H TF you would be printing those dollars.

I calculated that you couldve made atleast 1220 pips in a matter of 10 days.
Please see the attached charts.

The first one shows my 4hr set up for E/U and right at the top and bottom of the chart with a very slight upward direction you should see a purple line which is the daily SHI channel. I've marked with a red horizontal line the only time action has 'bounced' off the line, namely the 25th November which would have resulted so far in a maximum gain of 175 pips (give or take a few).

The second chart shows my daily chart and the SHI channel indicator editor open to confirm the setting are correct.

Am I doing something really stupid or misunderstanding something you're saying?

By the way, made money on the London open yesterday but decided New York was too indecisive. Many thanks for the system.
  • #354
  • Nov 29, 2011 2:30am Nov 29, 2011 2:30am
Quoting snarlyjack
X-Man,

Would it still be to late to enter on the short?
It's only into candle #1, maybe 2 at the most if you
count the top candle above the moving average?

snarlyjack
For me personally i wouldnt jump in mid way of a candle because past experience showed me that most of my losses was caused when i just jumped a trade.
Another tip is that most of the candles momentum is during the first few minutes and the last few minutes of a candles life.
X-man the legendary conqueror of markets
  • #355
  • Nov 29, 2011 2:30am Nov 29, 2011 2:30am
Quoting juliant
Please see the attached charts.

The first one shows my 4hr set up for E/U and right at the top and bottom of the chart with a very slight upward direction you should see a purple line which is the daily SHI channel. I've marked with a red horizontal line the only time action has 'bounced' off the line, namely the 25th November which would have resulted so far in a maximum gain of 175 pips (give or take a few).

The second chart shows my daily chart and the SHI channel indicator editor open to confirm the setting are correct.

Am I doing something...
Didn't see your charts being posted?
  • #356
  • Nov 29, 2011 2:33am Nov 29, 2011 2:33am
Quoting X-Man
guys i just want to say that if you guys traded the bounces off the daily SHI channel in the 4H TF you would be printing those dollars.

I calculated that you couldve made atleast 1220 pips in a matter of 10 days.
Please see the attached charts.

The first one shows my 4hr set up for E/U and right at the top and bottom of the chart with a very slight upward direction you should see a purple line which is the daily SHI channel. I've marked with a red horizontal line the only time action has 'bounced' off the line, namely the 25th November which would have resulted so far in a maximum gain of 175 pips (give or take a few).

Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 159 KB


The second chart shows my daily chart and the SHI channel indicator editor open to confirm the setting are correct.

Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 170 KB


Am I doing something really stupid or misunderstanding something you're saying?

By the way, made money on the London open yesterday but decided New York was too indecisive. Many thanks for the system.
  • #357
  • Nov 29, 2011 2:35am Nov 29, 2011 2:35am
The H1 short is looking good if we can blow past our last quarter..1.3325

Everybody together now...jump on the current candle...I know we can do it!
Enter Signature
  • #358
  • Nov 29, 2011 2:37am Nov 29, 2011 2:37am
I got kicked out. What´s up with the others?
  • #359
  • Nov 29, 2011 2:38am Nov 29, 2011 2:38am
Quoting SmokeyD
The H1 short is looking good if we can blow past our last quarter..1.3325

Everybody together now...jump on the current candle...I know we can do it!
Already shorted at 1.3340
  • #360
  • Nov 29, 2011 2:38am Nov 29, 2011 2:38am
Quoting antantnz
Hey X,

Congrats on such a successful thread and method, you're doing well.

Quick question - I know at one stage you had different MAs on the 4 hr (e.g. 40ma on the EU, 60 on the GU, 30 on the AU) ... have you now defaulted to just having 60 on all pairs?

(Apologies if this has been asked already, I've only had a chance to quickly skim read so far).

Cheers!
yeah i know i had those but i feel the 60EMA fits nicely with all the pairs.
If you use my rule with the green TDI piercing or touching the the blue bands then you wont need different EMAs for different pairs. because that will tell you PA is at its extreme and will come back down or up showing you the bounce of the 60EMA. The 60EMA is just to tell us whether we in an uptrend or downtrend and we place trades accordingly
X-man the legendary conqueror of markets
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