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X-Man's super simple system 4 hour method 1 reply

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X-Man's Super Simple System

Quoting X-Man
Guys i have compiled the E/U method , this will be posted in post #1
read it and let me know if anything missing.
Hi X-Man
A great work we were waiting for, But alas my computer does not open /read DOC File format.
Can some body download and convert into PDF File Format ???
I thank in advance for this.

arasheed
LOL, please some one convert the file to PDF it would be much appreciated.

Thanks guys
X-man the legendary conqueror of markets
*Attached
Attached File(s)
File Type: pdf S3 E-U method.d.pdf   136 KB | 738 downloads
Always a Student, Never a Master - Emulate What Works
Quoting X-Man
Guys i have compiled the E/U method , this will be posted in post #1
read it and let me know if anything missing.
Thanks X-Man. Really appreciate it.

Is it possible if you could do the same for the H4 trading? Appreciate your effort
Quoting X-Man
Guys i have compiled the E/U method , this will be posted in post #1
read it and let me know if anything missing.
Have you changed your strategy? Do you only enter after Pullback candles now?
Quoting X-Man
The A/U trade i entered because of the break in the blue band.
So i waited for the candle to change color and entered at the opening of the second blue candle.
This trade was entered and monitored on the 4H chart only.
Its against the trend and it breaks the 60 EMA rule thats why i didnt expect lots of pips.
X-Man

Looking at the shi channel in your chart I can see its uptrend. However my one is opposite. Anyway for me to rectify this?
I'm short in the AUD/USD trade since 1.010. Entered below WM3 pivot level.
"All good things come to those who wait..."
I hope X-Man would like to clarify these statement on his document :

· A pullback candle is a candle if the previous candles are bearish then candle will form a low then reverse and closeabove the open. --> If previous candle is red, then pullback candle should be Blue and form a low (with a long wick down there)

 · If the previous candles are bullish then the candle will form a high and closebelow the open of the candle. --> If previous candle is blue, then pullback candle should be Red and form a high (long wick up there)


But from the picture from the document (please see the numbers I've added to the pricture below), some pullback candle is the same color with previous candle. So the terms : "close below open" or "close above open" would be ignored sometimes?
Attached Image (click to enlarge)
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  •  maxzeus
  • Joined Oct 2008 | Status: Price Action, "TDI" & "HA" | 537 Posts
Quoting X-Man
Guys i have compiled the E/U method , this will be posted in post #1
read it and let me know if anything missing.
--------------------------------------------------------------
LOL, please some one convert the file to PDF it would be much appreciated.

Thanks guys
Heres an app than will act as a PRINTER and print any Doc in PDF format

http://www.primopdf.com/ (free version)

also grats on your board and thanks for sharing your modified TMS Method (S3 Super Simple System) when people realise how simple it is they will have that ahhhaa momment
Don't forget Practice + Patience + Persistence = Profits
Sunday night....took two trades.....both on the break of the double/triple bottom of the previous candles....looking back I could have stayed in the 2nd one longer but PA kept pulling back before resuming the downtrend and I was not available to keep an eye on it.
Last night....entered on a long that pulled back and did not go anywhere...out with +10.....2nd trade entered on a break of yesterday's low....got out as it pulled back.....like the second trade yesterday, in hindsight could have stayed in longer but had business responsibilities, so I closed it for +69. Three of the four trades had TDI confirmation and the fourth (the +30 one) the red and green lines were both sloping down and crossed in the right direction. 159 pips in the bank for 2 days is a good thing!!!
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In answer to Robuks query, sorry I didnt get back to you, but sleep beckoned. Thats why I miss trading in NY session. Main reasons for FINAL decision in taking trade which by the way wasnt for 10 or 15 pips was refer 1/ my refererence dcginc post 1962, my post 1972 but put simply, Higher High close above 20 hours previous structure closes and TDI was generally moving up,look at previous days TDIs action. And there was a cross, well at least on my chart. Target was nearest Res which was also 50% Fib retrace.Stop under previous swing low. News came out re Euro and that put paid to any Tech Analysis and that is part of the game. In hindsight maybe I should of taken Candle prior, but my plan in this case because of Consolidation stated I needed a HH, but I still would of been stopped out as I was chasing 70 pips and I knew I wouldnt be there to micromanage it if reversed and as it turned out I was Head faked out of it, same as some others. Hope that helps.
Quoting LazyLobster
Forexsaurus:

I see your point that if we disregaurd the TDI, it does change the system from TMS, but that's the point. Otherwise we would be on TMS. Now X-man did not make it readily apparent that we were to disregaurd TDI at first, but he did make that clear later that the TDI is a training tool to confirm entry. Price is king in his system along with Average Price Bars. Geosany (hope I got your name right) mentioned that you can use CCI and someone else mentioned some sort of moving average. These indicators all have the same fallability:...
Dear LazyLobster,
May i ask how do you define the R/S?
The E/U showed the sideway the last two days.
It is hard to me fix the R/S line.Could you help me?Thx
Chixe
Hi Chixe,
Hope I can assist. Not completely sure exactly what your after and I dont know how much experience you have but if you look at my chart I have drawn in Yellow lines showing recent Supp/Res levels that I think MAY come into play. But as we are trading for Example 1 hr TF dont get wrapped up in S/R 100s of pips away. I put those on Chart as a learning aid. Looking at higher T/Frames can confirm. On a daily Chart at this time I would probably have only two S/R Levels.
Look left and the more a line hits wicks, and bodies of Candles the more valid the Supp/Res is. But remember this is subjective as are my lines. Trendlines or Pivot Points can also be used but use them as tools not permanent Indicators on Charts. The reason I say that is if you clutter your charts with multiple ind and signal alerts you can also clutter your judgement. The only Indicator that I have on Chart permanently other then Xmans, is {Support Resistance Barry},which helps me better in seeing Swing and minor Supp/Res levels. Fractals are at EXACTLY same levels but I prefer line rather then Fractal Arrow. I have put FRACTALS on this Chart for your perusal. Price in right corner shows me price action for the day, previous price activity and spread, and are out of the way of Chart. I use Fib but only as a tool to check retracements and I remove after use. I know Xmas is coming but some Charts look like Xmas trees lit up all year round with the amount of coloured baubles and lines dangling from Candles, Bars and Multiple Coloured Indicators dotting the charts, but, each to his own. If it works for them then good luck to them. Hope this helps.
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Quoting Steve 56
Hi Chixe,
Hope I can assist. Not completely sure exactly what your after and I dont know how much experience you have but if you look at my chart I have drawn in Yellow lines showing recent Supp/Res levels that I think MAY come into play. But as we are trading for Example 1 hr TF dont get wrapped up in S/R 100s of pips away. I put those on Chart as a learning aid. Looking at higher T/Frames can confirm. On a daily Chart at this time I would probably have only two S/R Levels.
Look left and the more a line hits wicks, and bodies of Candles the more...
Dear Steve 56，
Thx for your post.
Are the yellow spot lines drawed manual?Are they fixed by the forward blue or red spot line?
I am new guy in the market only half year learning.Wish to learn form you and other trader.Thx.
BR,
Chixie
Yes Chixie, Yellow Lines are Manually drawn. as per explanation in previous post They can be manual changed on MT4 to Full lines, Broken Lines, Thick lines and to whatever colour you want. Red and Blue Dotted lines appear on Chart same time as Fractals and are automated by Price action, you can change colours of Ind if you desire. But one thing S/R Barry is not standard MT4 Ind. Fractals are. INSERT/INDICATORS/BILL WILLIAMS/FRACTALS. A visit to babypips.com is great help to newbies.
Originally Posted by X-Man http://www.forexfactory.com/images/buttons/viewpost.gif
Guys i have compiled the E/U method , this will be posted in post #1
read it and let me know if anything missing.Thanks X-Man.

Really appreciate it. Im new here, start following your trading style from the 1st post.. Have done some backtesting and foward as well... Simple + Good technique for new trader like me... Hopefully with with good money management and emotions I can get consistant pips just like you... Thanks again X-Man, God Bless you...
Quoting smash85
Have you changed your strategy? Do you only enter after Pullback candles now?
Nooo the strategy hasn't changed. The strategy still the same from the start of the thread. Now that you got me thinking , traders that download the PDF will think its only about the pullbacks.
I add more to the rules.
X-man the legendary conqueror of markets
Quoting Steve 56
Yes Chixie, Yellow Lines are Manually drawn. as per explanation in previous post They can be manual changed on MT4 to Full lines, Broken Lines, Thick lines and to whatever colour you want. Red and Blue Dotted lines appear on Chart same time as Fractals and are automated by Price action, you can change colours of Ind if you desire. But one thing S/R Barry is not standard MT4 Ind. Fractals are. INSERT/INDICATORS/BILL WILLIAMS/FRACTALS. A visit to babypips.com is great help to newbies.
Dear Steve 56,
The R/S indicator showed in my chart not same as you.
What is the seting?
The chart and setting showed as below.
Thx.
BR,
Chixie
Attached Image (click to enlarge)
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Attached Image
Quoting viocable
I hope X-Man would like to clarify these statement on his document :

· A pullback candle is a candle if the previous candles are bearish then candle will form a low then reverse and closeabove the open. --> If previous candle is red, then pullback candle should be Blue and form a low (with a long wick down there)

 [size=4][font=Symbol]·...
The candle color does not matter to me when there is a pullback. Just notice the open and the close of those candles. and the long wicks. I didnt mention anything about the candle changing color because 50% of the time the color wont change.
X-man the legendary conqueror of markets
Quoting X-Man
The candle color does not matter to me when there is a pullback. Just notice the open and the close of those candles. and the long wicks. I didnt mention anything about the candle changing color because 50% of the time the color wont change.
Sorry X-Man, what I mean is that :
A pullback candle is a candle if the previous candles are bearish then candle will form a low then reverse and close above the open

for close above the open, the candle color should be blue. So if previous candle is red (bearish), the pullback will be Blue Candle (close above the open) and has long wick.
from your picture, sometime although the close is not above the open (candle is red), as long as he has long wick, so It will be defined as pullback candle. isn't it?

Thanks and sorry for asking again.
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