X-Man's Super Simple System

Hi X-Man,

Small ques - You shorted EU based on 1H but on my chart there are no red candles which appeared. Certainly TDI crossed the bands and this prompted you to get ready for a short but one of the main elements were still missing. Probably its a broker difference (which on 1H candle im not sure), can you pls shed some light. There was a daily pivot which would have lent out some wood to act as a stop loss, so probably that is why you took the short.

Have been following your thread silently for over some time now and have been a quiet reader on FF for the last couple of years. Your system excites me bcoz it is simple yet it is Algorithmically programmable. For now I am just back testing and more back testing as you have mentioned ;-) Thanks again.

I can open the file, download it adain.

Thank you X-Man, Is this also valid for the second vertical line (NY), or only for the first (Lo)?

Thanks for up[oading again , but it does not work.
Other members Krypty and Redhouse can help to convert this file to Pdf format.
Thanks

arsheed

Hi

I'm sorry but

the last bar = LOndon open

Sory for my english

I downloaded it back to my machine and it opens just fine, must be another issue, if I can convert it I´ll PM it to you.

Nice one.

Wait for that hourly bar to close STRONGLY down (at least break out of that previous blue uptrend) - it will look something like a beob on the candlesticks and the ideal Synergy bar would have a shorter upper wick than this one has. Don't try to short a market that isn't showing downward momentum yet. Even then, as I say, weekly 'trend' atm is flat, so don't necc expect the trade to run and run either - price is at daily supply levels. If you're entering on the hourly in this case, make sure you exit on the hourly too.

anyone short? i shorted 1,3445! It`s crossing

People,

I think I owe it to the members of this forum and the newbies reading this thread. These points are some of the biggest mistakes an individual does when he/she enters the world of fx trading.

X-Man's system is powerful as it is able to filter out the non-trending phases each pair goes through since the signal comes in at the extreme ends of the TDI bands. This will solve the biggest problem that an individual will face with trend based systems. That said, we need to understand no auto trading EA, no system or no trading method is complete without the power of human discretion. A set of rules which say do x when y is triggered will never survive the test of time as the world we live in including the fx markets keeps on changing and this is the precisely the reason why all Trading Robots at some point of time in their lives fail.

Fx markets are not only the most competitive markets to trade in but they are also the most dynamic and unpredictable because of the host of factors that might affect them - Gold, Oil, News, US Dollar Index, Inter-Pair Correlations.etc.etc. After a point of time we find ourselves juggling between these things more than trading (atleast that's what had happened to me). These things no doubt are absolutely essential but something which is more important is common sense. Something which we all have.

Whenever we take a trade, we place a stop loss or we want to exit a position we cannot do so on random hunches.

1. While entering a trade make sure it is as close as possible to an area of support or resistance. If you think bang on this is the point I wanted to enter at but I am unsure, and after 20 mins you want to catch the train since you did not pull the trigger at the right time - then dont run after the train let it pass. Markets will be there long after you and I are gone so you will get another opportunity. Pull the trigger when the time is right else let it pass.

2. Stop Loss placement is an art people. We need to understand that Stops are psychological areas of support or resistance which need to be prove tough for the crowd collectively to breach. The closer your entry would be to such areas of support the better chance you will have at spending less pips in getting a strong stop loss point. And always make sure you have atleast 2 or more such psychological points between your entry and the stop loss. Psychological points as mentioned in my previous post can be - S&R, Trend Lines, Pivots, MA from higher time frames, Round Nos.

3. Exit - Now this is the funny part and no you cannot make 200 pips in any trade you do. Your exit points are not just 2 x Your Risk or 3 x Your Risk they have to logical as well. You have to ensure that there is no point between your objective target and your entry which can prove difficult for the other traders like yourself who are in the same trade difficult to overtake. Trust me experienced guys know this that like stops, exits also have to be logical and not only based on R:R factors.

4. Price - Price - Price : Is the mother of all. Do not run after 10 pairs, start with one pair and then move along. The more time you will spend with it you will start understanding the language price speaks and trust me it is a very beautiful and rewarding language provided you can pull the trigger at the right time. Next time you see a candle form try and read it as a tussle between bulls and bears. And then measure their fight and its outcome. If you do so... you will start speaking their language in no time.

All trading methods that you will ever come across including X-Man's method are just the trigger but you have to make sure you need to have the basics in place. Again, his system is nice since it can keep you out of non-trending time frames which last a short time span but it cannot give you the brains to place logical targets which you need to have on your own.

In the end, no as of now I do not trade his method I just trade on my own but I would like to incorporate his method into the basics which are required for all trading methods and take it along from there. For all the newbies to Fx Trading if you want an example of why and how its done take a look at the chart below.. All lines are important and let you know where those psychological areas are. There is a trade which I took two days back and made some 55 pips of it. SL was 25 pips away. And yes, this is a real trade on a real account.

The experienced guys know what I am talking about, for others it might be just some jargon.

Until Next Time,
Happy Pippin.

OFD

Not yet shorted but waiting to short on both pairs as soon as bar color changes to Red.

Hello, it seems interesting if your system is complementary. Other people have also contributed systems
vcary

-180 pips in 2 trades of swing trade 4H

Because they are both against the major trend, on an uptrend you must find a way to buy the bottoms, on a downtrend sell the tops, this is a priori irrespective to whatever you think the channel is showing.
Furthermore there is no such thing as good counter-trend swing trades, unless you figure out exact reversal points.
Swing always with the trend.
Keep trying!

It appears to me that both times you went against the prevailing longer term trend -I.e. the purple line. The trend is your friend, and X is all about going with the trend.

sell eurusd h1



any comment?

I'd add that if you're considering going 'countertrend' to what looks like trend on the H4 consider only taking it on the H1.

To the other poster who lost 180 - this may help. Don't just let price run to your stop. If at a bar close TDI is flat and you aren't up significant pips, GET OUT. Your stop loss is only there for emergencies. If PA.TDI is against and you are 20 pips down on an H4 trade, get out. Don't sit there hoping.

I'm in the same trade. Hopefully what happens.

in the same too!
but not easy today!

nunrgguy, antantnz, geosanuy thanks for advice

no matter what I do..i am just getting clobbered today (but this is just my emotions talking right now)