Attachments: X-Man's Super Simple System

X-Man's Super Simple System

#1,361
Dec 8, 2011 5:25am Dec 8, 2011 5:25am

Pecunia
| Joined Jun 2011 | Status: Trader | 113 Posts

Quoting SmokeyD

Disliked

Yes. I stayed in my first one and took a second once we had a good cross of both 1.3400 and a close on the south side of Fib 61.8.
We'll see what happens...

Ignored

Be careful Smokey. TDI angle is not good and lots of news coming up..

#1,362
Dec 8, 2011 5:25am Dec 8, 2011 5:25am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,189 Posts

Quoting SmokeyD

Disliked

Second EU Sell position opened at 1.3384

Ignored

very nice SmokeyD!
adding position?
that looks like breakout of the Asian session low. There is room down to 1.3350.
Good trading!

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#1,363
Dec 8, 2011 5:28am Dec 8, 2011 5:28am

SmokeyD
Joined Nov 2011 | Status: Trader | 437 Posts

Quoting emmanuel7788

Disliked

very nice SmokeyD!
adding position?
that looks like breakout of the Asian session low. There is room down to 1.3350.
Good trading!

Ignored

I will explain as soon as I'm out of these trades...

Enter Signature

#1,364
Dec 8, 2011 5:33am Dec 8, 2011 5:33am

magou
| Joined Mar 2009 | Status: Trader | 39 Posts

Quoting Pecunia

Disliked

Be careful Smokey. TDI angle is not good and lots of news coming up..

Ignored

TDI angle not good? Looks great to me.

SmokeyD - when market retraced to your original entry what made you stay with it and not getting out and at what point would you have got out, or would you have let it go all the way to sl?

Appreciate your thoughts to clarify my thinking.

Thanks

M

#1,365
Dec 8, 2011 5:34am Dec 8, 2011 5:34am

SmokeyD
Joined Nov 2011 | Status: Trader | 437 Posts

Quoting Pecunia

Disliked

Be careful Smokey. TDI angle is not good and lots of news coming up..

Ignored

Monitoring very closely on the M15...
I appreciate the concern

Enter Signature

#1,366
Dec 8, 2011 5:42am Dec 8, 2011 5:42am

Brifx
| Joined Nov 2011 | Status: Trader | 64 Posts

Quoting SmokeyD

Disliked

Second EU Sell position opened at 1.3384

Ignored

Hi Smokey, was looking at that same set up but stayed out simply due to the angle of green tdi line flattening a bit. Yes i am a newbie to this system so still using the visual aids. Appreciate all the posting and help from you and others here on this thread, learning alot. Thanks!!

#1,367
Dec 8, 2011 5:44am Dec 8, 2011 5:44am

Pecunia
| Joined Jun 2011 | Status: Trader | 113 Posts

Quoting magou

Disliked

TDI angle not good? Looks great to me.

SmokeyD - when market retraced to your original entry what made you stay with it and not getting out and at what point would you have got out, or would you have let it go all the way to sl?

Appreciate your thoughts to clarify my thinking.

Thanks

M

Ignored

If it's great to you, you should trade it, but I like my TDI angles between 4 and 6 (hours on a clock). It's between 3 and 4 right now and that's to flat for me. Most TMS traders would agree with me I think.

Anyway good pips to you!

Attached Image

#1,368
Dec 8, 2011 5:49am Dec 8, 2011 5:49am

magou
| Joined Mar 2009 | Status: Trader | 39 Posts

Quoting Pecunia

Disliked

If it's great to you, you should trade it, but I like my TDI angles between 4 and 6 (hours on a clock). It's between 3 and 4 right now and that's to flat for me. Most TMS traders would agree with me I think.

Anyway good pips to you!

Ignored

I agree with you logic just not with your picture..

Attached Image

#1,369
Dec 8, 2011 6:00am Dec 8, 2011 6:00am

Pecunia
| Joined Jun 2011 | Status: Trader | 113 Posts

Quoting magou

Disliked

I agree with you logic just not with your picture..

Ignored

Haha, yeah I know the angle depends on the vertical size of your TDI window, but this is the size iI'm used to AND the size I trust. To each his own I guess. So I should say: I don't like the angle of my TDI in my window.

#1,370
Dec 8, 2011 6:02am Dec 8, 2011 6:02am

X-Man
| Commercial User | Joined Aug 2011 | 2,409 Posts

My dear fellow S3 traders , the one reason i try not to look at this thread after i have taken a trade is because everyone will post their own views on the market, we all dont think alike.
Then i will end up jumping in and out of trades

I did short at the close of the pullback candle and left it to run since my SL was so small which was 20 pips.
Look at the chart , the pullback candle takes place spot on the 61.8% retracement level.

As we are very close to the second vertical line i closed my trade for a 25 pip profit

Now we should just sit and wait for the red news to release.
To stay safe i would recommend not to trade red news , this is to be conservative and not an aggressive trader.
I trade my system like theres no worry in the world and dont allow conflicting views to affect me, this is bad for your psychological part

Attached Image (click to enlarge)

Click to Enlarge

Name: chart.jpg
Size: 121 KB

X-man the legendary conqueror of markets

#1,371
Dec 8, 2011 6:10am Dec 8, 2011 6:10am

Waqs
| Joined Aug 2011 | Status: Trader | 14 Posts

Quoting X-Man

Disliked

[color=Blue][size=3]My dear fellow S3 traders , the one reason i try not to look at this thread after i have taken a trade is because everyone will post their own views on the market, we all dont think alike.
Then i will end up jumping in and out of trades

I did short at the close of the pullback candle and left it to run since my SL was so small which was 20 pips.
Look at the chart , the pullback candle takes place spot on the 61.8% retracement level.

As we are very close to the second vertical line i closed my trade for a 25 pip profit...

Ignored

Thanks X-Man.

Would you advise it be wise to close a EUR/GBP trade because of the pending news? I'm currently +50 on that.

#1,372
Dec 8, 2011 6:15am Dec 8, 2011 6:15am

davlo
| Joined Apr 2011 | Status: davlo | 133 Posts

Quoting chixie007

Disliked

Waiting the comment from X-MAN and or traders.THX.

Ignored

Hi Chixie could you tell me where you got your time frame indicator thats at the upper right corner

#1,373
Dec 8, 2011 6:19am Dec 8, 2011 6:19am

hale-mary
| Joined Nov 2011 | Status: Trader | 271 Posts

When you get a chance X-man...could you explain how you use fibs in your trading style. I could never use them the correct way...to generate pips of course...lol. I have been ignoring them but perhaps they may help. (I only used fibs to help spot consolidation and that is it. Hence, why i never draw them on my chart)

much appreciated

#1,374
Dec 8, 2011 6:22am Dec 8, 2011 6:22am

macthanh
| Joined Nov 2011 | Status: Trader | 2 Posts

Quoting SmokeyD

Disliked

Yes. I stayed in my first one and took a second once we had a good cross of both 1.3400 and a close on the south side of Fib 61.8.
We'll see what happens...

Ignored

be careful bro , TDI starts to hook

#1,375
Dec 8, 2011 6:22am Dec 8, 2011 6:22am

davlo
| Joined Apr 2011 | Status: davlo | 133 Posts

Quoting X-Man

Disliked

My dear fellow S3 traders , the one reason i try not to look at this thread after i have taken a trade is because everyone will post their own views on the market, we all dont think alike.
Then i will end up jumping in and out of trades

I did short at the close of the pullback candle and left it to run since my SL was so small which was 20 pips.
[size=3][color=blue]Look at the chart , the pullback candle takes place spot on the 61.8% retracement...

Ignored

Xman, when you first place your fib line could you tell me where your starting point is when you first lay the fib on the chart, i saw you stretched it the most recent low point where it sits at 0%, thanks im trying to lay my fib lines like yours

#1,376
Edited 6:30am Dec 8, 2011 6:29am | Edited 6:30am

leonaforex
| Joined Jun 2011 | Status: Trader | 76 Posts

I have an indicator that I use, if you like --what I do is go into it and edit it to show only the pair that I am on, rather than time frame for all pairs. Thanks to Lawgirl for this.
Here it is if you like.
Hope this helps
Leona