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  • #541
  • Dec 1, 2011 9:43am Dec 1, 2011 9:43am
Quoting balouf
What I don't understand. Your red arrow is at the bounce of the daily.
But the 60 EMA is trend up.

While you say in the first posts : When Price is under the 60 EMA then we are in a downtrend so we sell the tops

You dont't wait the 60 EMA trend?
if you read my posts carefully you will see that i have mentioned that when PA bounces off the channel there is high probability that it will break through the 60EMA.
read carefully my friend
X-man the legendary conqueror of markets
  • #542
  • Dec 1, 2011 9:57am Dec 1, 2011 9:57am
I did a quick calculation on the 8 pairs .
If you traded my system from the start of the month until now , there is 7000 + pips on the table for the taking. The swing trade is really simple you dont take any kind of thinking into consideration. its even more simple than the 1H method its just that you have to hold your trades for a long period thats it. The swing trade is the most simplest strategy ever with the least rules ever and making the most pips ever. Anyone can do the swing trading
all you have to see is the bounce off the EMA or the channel.
At times the channel will break and your SL will be hit , so what just wait for another set up and trade it.

Thats without taking the 1H method into consideration.

Now if you think about it 7000 pips at 1 standard lot is alot guys. $70 000 on the table in 1 month. All you have to do is have the confidence to pull the trigger
Im just telling you to get less than a quarter of those pips and you will be rolling in cash.

The trick is if you trade the bounce off the daily channel very cleverly then you can trade a swing trade with a very very small SL ( 40 to 80 pips) while your gains will be 200 to 600 pips . Just think about it.
X-man the legendary conqueror of markets
  • #543
  • Dec 1, 2011 10:01am Dec 1, 2011 10:01am
Quoting X-Man
well the market is ranging.
Theres no way to tell when a market is going to range until it starts to range.
Or sometimes after big moves like yesterday the market will have some sort of range to find direction
do u wait for a breakout to trade again or trade within range, too?
  • #544
  • Dec 1, 2011 10:04am Dec 1, 2011 10:04am
Quoting spyderman
XMan,

Thanks again for the strategy and the answers.

I wanted to post this trade on the swing method to see if
I have the right idea. Would prefer a bounce off the channel
but also looking for bounces off the ema. Anyone's feedback is welcome.

well the pair finish bounce off the daily a while ago and now its under the 60EMA so the position you hold here will be short, dont think about going long.
X-man the legendary conqueror of markets
  • #545
  • Dec 1, 2011 10:11am Dec 1, 2011 10:11am
Quoting smash85
do u wait for a breakout to trade again or trade within range, too?
No one can really trade when the market is ranging so tight.
If you traded and made a loss then you just sit it out until the market finds direction again.
Now you understand why i have 2 methods of trading ( my daily trading and my swing trading)

My 1 H method is for my lunch i make.
My swing trades are for this baby:
Attached Image (click to enlarge)
Click to Enlarge Name: photo_of_the_day_matt_black_lamborgh23.jpg Size: 258 KB
X-man the legendary conqueror of markets
  • #546
  • Dec 1, 2011 10:20am Dec 1, 2011 10:20am
Here is what I found today and started paying more attention to it. Maybe people with some experience can help. I have two computers in my place currently. My friend and I are trying to trade the same method as explained here and in TMS.

First I noticed today that the TDI given does not seem to follow price like a regular indy. Ex) Stocastc or RSI etc.

But the one off of the compassFX website does. The only problem is that you cannot change the settings and you do not get the obvious kinks. It is a bit more smooth.

Now I just check my friends computer with the TDI given by EELfranz and x-Man on the form. He only looked at the 1 hour so when I swapped timeframes and came back the entire TDI gave a different reading since the chart was open (about 8 hours).

I dont think a made a big deal out of this because the past couple of days the market was trending, but in a range bound market like today, it was pretty painful. Maybe there is something I did not catch with the method that resolves the problem.
  • #547
  • Dec 1, 2011 10:30am Dec 1, 2011 10:30am
Quoting X-Man
No one can really trade when the market is ranging so tight.
If you traded and made a loss then you just sit it out until the market finds direction again.
Now you understand why i have 2 methods of trading ( my daily trading and my swing trading)

My 1 H method is for my lunch i make.
My swing trades are for this baby:

hi x-man, what pairs do you prefer?
  • #548
  • Dec 1, 2011 10:33am Dec 1, 2011 10:33am
Quoting X-Man
No one can really trade when the market is ranging so tight.
If you traded and made a loss then you just sit it out until the market finds direction again.
Now you understand why i have 2 methods of trading ( my daily trading and my swing trading)

My 1 H method is for my lunch i make.
My swing trades are for this baby:
yeah ... I love LAMBOS
  • #549
  • Dec 1, 2011 11:23am Dec 1, 2011 11:23am
Today a lot of false signals
In what may be a problem?
  • #550
  • Dec 1, 2011 11:23am Dec 1, 2011 11:23am
Quoting buyorsell
hi x-man, what pairs do you prefer?
Here you have the answer:

http://www.forexfactory.com/showthre...58#post5184358
  • #551
  • Dec 1, 2011 11:38am Dec 1, 2011 11:38am
Quoting Golum
Here you have the answer:

http://www.forexfactory.com/showthre...58#post5184358
Thanks Golum
X-man the legendary conqueror of markets
  • #552
  • Dec 1, 2011 11:39am Dec 1, 2011 11:39am
Quoting X-Man
No one can really trade when the market is ranging so tight.
If you traded and made a loss then you just sit it out until the market finds direction again.
Now you understand why i have 2 methods of trading ( my daily trading and my swing trading)

My 1 H method is for my lunch i make.
My swing trades are for this baby:

I love this one, too! But this is a Murcielago, isnīt it? I do prefer Gallardo! (sorry for OT)

... back to the charts. I put one trade in today, thought it wld break out and saved some pips, but was very cautious.

I think its best to look at PA to determine a consolidation early.
  • #553
  • Dec 1, 2011 11:42am Dec 1, 2011 11:42am
Quoting hale-mary
Here is what I found today and started paying more attention to it. Maybe people with some experience can help. I have two computers in my place currently. My friend and I are trying to trade the same method as explained here and in TMS.

First I noticed today that the TDI given does not seem to follow price like a regular indy. Ex) Stocastc or RSI etc.

But the one off of the compassFX website does. The only problem is that you cannot change the settings and you do not get the obvious kinks. It is a bit more smooth.

Now I just check my friends...
try the TDI RT in post 271 or just look it up in the attachments.
The fellow trader told me that it updates with every tick.
I didnt get a chance to test it, was too busy these past few days but could you give it a try a let me know
X-man the legendary conqueror of markets
  • #554
  • Dec 1, 2011 11:46am Dec 1, 2011 11:46am
Quoting X-Man
[color=Blue][size=3]I did a quick calculation on the 8 pairs .
If you traded my system from the start of the month until now , there is 7000 + pips on the table for the taking. The swing trade is really simple you dont take any kind of thinking into consideration. its even more simple than the 1H method its just that you have to hold your trades for a long period thats it. The swing trade is the most simplest strategy ever with the least rules ever and making the most pips ever. Anyone can do the swing trading
all you have to see is the bounce...
I VERY VERY VERY LIKE THIS POST!!!!!!!!!!!!!!


its LIKE A inspiration!!


BIG TY X-MAN
  • #555
  • Dec 1, 2011 11:46am Dec 1, 2011 11:46am
Heres another TDI with alerts that was given to me by a fellow trader.
Attached File(s)
File Type: mq4 TDI-ALert.mq4   10 KB | 879 downloads
X-man the legendary conqueror of markets
  • #556
  • Edited 12:44pm Dec 1, 2011 11:50am | Edited 12:44pm
Please answer to post # 550
  • #557
  • Dec 1, 2011 12:00pm Dec 1, 2011 12:00pm
since its the start of a new month i would like to give my report for the month of November:

Pips won for the month : 2157
Pips lost for the month : 325
Total pips for the month of November : 1832

X-man the legendary conqueror of markets
  • #558
  • Dec 1, 2011 12:11pm Dec 1, 2011 12:11pm
Quoting smash85
I love this one, too! But this is a Murcielago, isnīt it? I do prefer Gallardo! (sorry for OT)

... back to the charts. I put one trade in today, thought it wld break out and saved some pips, but was very cautious.

I think its best to look at PA to determine a consolidation early.
LOL,
that's not a murcialago, this is an avantador. The newest just released.
  • #559
  • Dec 1, 2011 12:17pm Dec 1, 2011 12:17pm
Quoting hutrader
LOL,
that's not a murcialago, this is an avantador. The newest just released.
yeah its the avantador .
its a beast this baby
X-man the legendary conqueror of markets
  • #560
  • Dec 1, 2011 12:22pm Dec 1, 2011 12:22pm
Guys heres a nice target sheet to set your goals for the month , just a guideline of where you heading
Just enter your capital and the percentage of profit you want per month
Attached File(s)
File Type: xls Forexoma-$1000-Forex-Plan.xls   33 KB | 1,194 downloads
X-man the legendary conqueror of markets
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