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X-Man's Super Simple System

  • #1,101
  • Dec 7, 2011 1:24am Dec 7, 2011 1:24am
Quoting X-Man
SmokeyD you blew a 18K USD account woah
Thats hectic.
I still didnt blow anything yet.
My account started as a weak lil baby but everyday i feed him pips to make him strong and mighty.
Now and then he relieves himself which causes him to lose some pips but I'll surely feed him again, mostly 2 times a day. LOL

That has since come back a hundred fold, but the physiological aspect of this chaos will surely test everyone...

London, here we come!
Enter Signature
  • #1,102
  • Dec 7, 2011 1:37am Dec 7, 2011 1:37am
X-Man,

When your trading the 1 hour time frame do you look at
the other time frames to get a better entry or exit.
For example the 5 or 15 minute charts?

tks

snarlyjack
  • #1,103
  • Dec 7, 2011 1:37am Dec 7, 2011 1:37am
Have a look at this chart. this baby went for a 100 pips on the 4H chart.

Notice on my chart where i have placed the arrows on PA as well as the TDI.
My entries are only where TDI has touched or broken the blue band.
Yes i realise that the SHI channel changed but put your trust in the 60EMA more than the channel.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 130 KB
X-man the legendary conqueror of markets
  • #1,104
  • Dec 7, 2011 1:37am Dec 7, 2011 1:37am
Would one warning signal that the EU may not follow through upwards be that right now it is only stuck in a 10 pip range is not moving higher? Its just hanging around the opening of the current candle
  • #1,105
  • Dec 7, 2011 1:39am Dec 7, 2011 1:39am
X-Man,

Also, our verticle line should be on the current candle (1 hr
chart)? Then 5 candles between the New York open?

tks

snarlyjack
  • #1,106
  • Dec 7, 2011 1:44am Dec 7, 2011 1:44am
Quoting hale-mary
Would one warning signal that the EU may not follow through upwards be that right now it is only stuck in a 10 pip range is not moving higher? Its just hanging around the opening of the current candle
I see that your are buying into resistance...it may pause for while till more buyers jump in.
the bounce was not so nice to jump into in continuation scenario
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,107
  • Dec 7, 2011 1:45am Dec 7, 2011 1:45am
Quoting snarlyjack
X-Man,

When your trading the 1 hour time frame do you look at
the other time frames to get a better entry or exit.
For example the 5 or 15 minute charts?

tks

snarlyjack
I use the 1H only, but to use 30m or 15m wont be a bad idea.
Thats what im trying to grasp without getting faked out.
Im still matering that but at the moment im only looking at 1H.

This is what you can try, when PA hits the vertical line then you can go down to 15m and look for big 15m candles then you enter in that direction.
Because as you can see that momentum picks up right there and carry on in the same direction. then from the you monitor your trade on the 1H TF .
My exits are always based on the 1H TF .

If you want to be safe then just look at the 1H only to avoid fake outs.
Personally i hate TFs lower than 1H
X-man the legendary conqueror of markets
  • #1,108
  • Dec 7, 2011 1:49am Dec 7, 2011 1:49am
Quoting emmanuel7788
I see that your are buying into resistance...it may pause for while till more buyers jump in.
the bounce was not so nice to jump into in continuation scenario
What resistance the previous high is 40 pips away?
  • #1,109
  • Dec 7, 2011 1:49am Dec 7, 2011 1:49am
guys like yesterday i wait for the current candle to form ( which is my 7:00 candle on my platform) so i did not enter and trade yet.
X-man the legendary conqueror of markets
  • #1,110
  • Dec 7, 2011 1:56am Dec 7, 2011 1:56am
Quoting X-Man
guys like yesterday i wait for the current candle to form ( which is my 7:00 candle on my platform) so i did not enter and trade yet.
Okay that clears things up. I thought you entered 1 hour before LO. But you enter during the London open hours not the Frankfurt/European open. If i am understanding correctly
  • #1,111
  • Dec 7, 2011 1:57am Dec 7, 2011 1:57am
Quoting snarlyjack
X-Man,

Also, our verticle line should be on the current candle (1 hr
chart)? Then 5 candles between the New York open?

tks

snarlyjack
This is how my 1H chart looks right now
Attached Image (click to enlarge)
Click to Enlarge Name: rigth now.jpg Size: 114 KB
X-man the legendary conqueror of markets
  • #1,112
  • Dec 7, 2011 2:00am Dec 7, 2011 2:00am
So looking at your chart X-man, what was wrong with entering the bounce trade, in your opinion? Because it looked okay to me. But right now it looks "iffy"
  • #1,113
  • Dec 7, 2011 2:05am Dec 7, 2011 2:05am
What's wrong with this trade? TDI Angle?
Entry @ 1.33663
SL @ 1.34015 (35 PIPS)
Attached Image (click to enlarge)
Click to Enlarge Name: trade - lost.gif Size: 19 KB
  • #1,114
  • Dec 7, 2011 2:06am Dec 7, 2011 2:06am
Thanks X-Man that helps. My charts were off 1 hour.

snarlyjack
  • #1,115
  • Dec 7, 2011 2:08am Dec 7, 2011 2:08am
If you're looking at mtf m15 is to h4 as hourly is to daily as h4 is to weekly.
Lots of ways to do it - observe hl/hh on h4 drop to m15 for pullback entry, you can use it either for just trend observation (high tf leads) with entry and exit on the short tf, or you can use it to guage momentum and s/d on the higher tf with a refined entry on the short tf i.e. attempting to get a better price on the short tf (also helps prevent some whipsaws, BUT you can miss out on trades that just blast off) and then managing the trade on the higher tf. I'd suggest to the newbs that still haven't figured closed bars and open bars to stay on the one tf for now, it works as it is, it isn't perfect but nothing is.
  • #1,116
  • Dec 7, 2011 2:09am Dec 7, 2011 2:09am
Quoting hale-mary
So looking at your chart X-man, what was wrong with entering the bounce trade, in your opinion? Because it looked okay to me. But right now it looks "iffy"
Well that happened on the vertical line by all that back testing i have noticed that you should wait 1 candle after the vertical line
then see if theres any signal. with the NY session the trades mostly happen right on the vertical line.

Right now i entered short on E/U.
But everyday the ATR is getting tighter. showing me theres less and less movement.
X-man the legendary conqueror of markets
  • #1,117
  • Dec 7, 2011 2:09am Dec 7, 2011 2:09am
Quoting Luchetto93
What's wrong with this trade? TDI Angle?
Zoom out and you will see an obvious S/R level to the left. It stick out like a sore thumb. no thinking involved
  • #1,118
  • Dec 7, 2011 2:09am Dec 7, 2011 2:09am
Is this proper setup to go short on GBPUSD as TDI has formed Hook downword??

Please advise. See attached screen shot.

arasheed
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1 sell setup.gif Size: 26 KB
  • #1,119
  • Dec 7, 2011 2:10am Dec 7, 2011 2:10am
Hey X-Man, I've put your H4 Strat on a Word doc, for my reference and to print out, posting it if anyone wants it, it's basically all your writing so should be ok, let me know if it needs any amends.
Attached File(s)
File Type: doc The 4H swing trade method.doc   1.2 MB | 1,282 downloads
  • #1,120
  • Dec 7, 2011 2:11am Dec 7, 2011 2:11am
Quoting X-Man
Well that happened on the vertical line by all that back testing i have noticed that you should wait 1 candle after the vertical line
then see if theres any signal. with the NY session the trades mostly happen right on the vertical line.

Right now i entered short on E/U.
But everyday the ATR is getting tighter. showing me theres less and less movement.
okay thanks. I might reverse if price goes below the ema. But i think you to the trade based on the pullback candle? I think that is what it is called
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