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X-Man's Super Simple System

  • #801
  • Dec 5, 2011 1:00am Dec 5, 2011 1:00am
Quoting SmokeyD
Britpip7...was looking forward to the read, but the .pdf file seems to be damaged. Tried a repair on it and Adobe was unsuccessful.
Try to dl it again. I was able to read it in Adobe reader.
  • #802
  • Dec 5, 2011 1:57am Dec 5, 2011 1:57am
Quoting Britpip7
Here is a set of candle patterns that is worth committing to memory.

I have been writing a training class which I may or may not run at some time, but I use it to train some of the folks that I trade with. I have based the material on my trading plan and mm plan - Most of the material can be found in Babypips.com / compassfx.com and a ton of web searches for applicable materials. It keeps me up to date and I always learn a ton when I teach!
Britpip7

Thanks for that. Very kind of you.
  • #803
  • Dec 5, 2011 2:02am Dec 5, 2011 2:02am
took a long position in the GBP/USD at the 18:00 1H bar after the TDI had crossed, took 20 PIP profit out.

also took position long on EUR/USD currently +26 PIPS, might TP soon.
  • #804
  • Dec 5, 2011 2:08am Dec 5, 2011 2:08am
Britpip7, how use ATR indicator? what he shows us?
  • #805
  • Dec 5, 2011 2:11am Dec 5, 2011 2:11am
Quoting Tdizzle1988
took a long position in the GBP/USD at the 18:00 1H bar after the TDI had crossed, took 20 PIP profit out.

also took position long on EUR/USD currently +26 PIPS, might TP soon.
I wonder When X-Man him self is going to tell us when he enter long. Not after he closed it or while he's in the trade already.
I'm long to. only EU.
  • #806
  • Edited 2:49am Dec 5, 2011 2:12am | Edited 2:49am
Here is a simple EA for managing your trade after you have entered that I found on FF.

It does the following:

QuickTrailing:

1. Stop Loss
2. Take Profit
3. Take first profit
If you have 1 lot you can take a percentage at any given time.
4. Trailing Step and Break Even Settings
5. Slippage
6. Is Account Micro?
Attached File(s)
File Type: ex4 Quik_Trailing.ex4   13 KB | 666 downloads
File Type: doc Quik.doc   28 KB | 1,086 downloads
File Type: pdf Quik.pdf   13 KB | 1,044 downloads
  • #807
  • Dec 5, 2011 2:17am Dec 5, 2011 2:17am
Quoting hutrader
I wonder When X-Man him self is going to tell us when he enter long. Not after he closed it or while he's in the trade already.
I'm long to. only EU.
LOL yes i am holding my position long on the 1H.
Its a bit difficult to post as soon as i take a 1H trade coz i have to watch the chart. The reason for this is that PA moves very quick and if it goes the other way i must be able to act on it.
X-man the legendary conqueror of markets
  • #808
  • Dec 5, 2011 2:35am Dec 5, 2011 2:35am
Quoting Krypty
Here is a simple EA for managing your trade after you have entered that I found on FF.

It does the following:

QuickTrailing:

1. Stop Loss
2. Take Profit
3. Take first profit
If you have 1 lot you can take a percentage at any given time.
4. Trailing Step and Break Even Settings
5. Slippage
6. Is Account Micro?
Hi Krypty

Thanks for cotributing.
The Quick.DOC opens with garbage characters on my computer can you please post it in McrosoftWord or Pdf format, so that I can open it.

Thanks

arasheed
  • #809
  • Dec 5, 2011 2:48am Dec 5, 2011 2:48am
Quoting arasheed
The Quick.DOC opens with garbage characters on my computer can you please post it in McrosoftWord or Pdf format, so that I can open it.
Try downloading again - it works for me as MsWord Doc!
Success is a marathon, not a sprint!
  • #810
  • Dec 5, 2011 2:50am Dec 5, 2011 2:50am
I have uploaded a PDF file also in the original post #806 for the guys who cannot open the .doc file
  • #811
  • Dec 5, 2011 2:52am Dec 5, 2011 2:52am
Took profit on the EU as well, took out +22 PIPS on that trade. All up I have taken +42 tonight!!

I keep a pretty close eye on the trades I have open as it does tend to move quite quickly. I just make sure I have my S/L set in and a take profit target but it sometimes I accidently set my TP to close and it closes out at +10 PIPS or so. Not tonight though

What price did you get on the EU??
  • #812
  • Dec 5, 2011 3:00am Dec 5, 2011 3:00am
You took 22 on EU?? On an hourly trade? What time did you enter and off what chart?
As far as I can see there was no entry on the hourly until London open 0800 price then pulled right back and is now at break even, the most it's been up is 10 pips.
  • #813
  • Dec 5, 2011 3:02am Dec 5, 2011 3:02am
Quoting X-Man
LOL yes i am holding my position long on the 1H.
Its a bit difficult to post as soon as i take a 1H trade coz i have to watch the chart. The reason for this is that PA moves very quick and if it goes the other way i must be able to act on it.
X-Man, what time you're entered in the Long, please?
  • #814
  • Dec 5, 2011 3:13am Dec 5, 2011 3:13am
Out of the EU long with 24.
Entered on the M30 candle 1 hour prior to London open. It was a strong signal.
Took 14 initially when 1.3450 became impassable...re-entered around 1.3427 when the pull back couldn't get back to the next quarter of 1.3425 and picked up another 10 when it knocked at 1.3450's door again...

We'll see what happens next....
Enter Signature
  • #815
  • Dec 5, 2011 3:15am Dec 5, 2011 3:15am
Quoting Krypty
I have uploaded a PDF file also in the original post #806 for the guys who cannot open the .doc file
Thank you Krypty for uploading Pdf, I don't know why it does not open DOC File,any way thanks again for quick response.

arasheed
  • #816
  • Dec 5, 2011 3:19am Dec 5, 2011 3:19am
i entered long at 1.34463.
Pips are still around breakeven for me.
X-man the legendary conqueror of markets
  • #817
  • Dec 5, 2011 3:21am Dec 5, 2011 3:21am
Quoting ayour2a
Try downloading it again.have downloaded mine and it work.It could be your internet.
Thanks for the comment.
The downloading is fine...it simply errors when trying to open.
I will keep working on it...it looks like a valuable read.
Enter Signature
  • #818
  • Dec 5, 2011 3:23am Dec 5, 2011 3:23am
Quoting X-Man
i entered long at 1.34463.
Pips are still around breakeven for me.

Hi, in les than 1 h there is EU retail sales, you recomend to close it before news?

Thanks.
  • #819
  • Dec 5, 2011 3:37am Dec 5, 2011 3:37am
I entered on a 1H timeframe a couple of minutes after the 18:00 bar opened as the 17:00 bar closed with a strong buy signal from the TDI.

I took position at 1.34154 and rode the move up for +22 PIPS, I was up +31 PIPS but market pulled back and I closed position manually.

According to trading made simple and what I understand of X-mans tweaks we are looking at buy or sell signals on or just prior to London opening and I took the trade based on this principal as the TDI was giving me a buy signal.

As I am only a very new trader, I have alot to learn in relation to holding on to a position but prefer to close for a profit where I can.
  • #820
  • Dec 5, 2011 3:42am Dec 5, 2011 3:42am
Quoting X-Man
i entered long at 1.34463.
Pips are still around breakeven for me.
Hi can you post your chart?
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