X-Man's Super Simple System | Page 117 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Super Simple System for Scalping 180 replies

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

Super Simple System 314 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

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

Attachments: X-Man's Super Simple System
Exit Attachments

X-Man's Super Simple System

  • #2,321
  • Dec 16, 2011 7:07am Dec 16, 2011 7:07am
Short cable
  • #2,322
  • Dec 16, 2011 7:12am Dec 16, 2011 7:12am
I sold on the open of the bar after that 1st red bar closed at 1.3068, put in a SL at 1.3088 (about 5 pips above the high) and set a PT at 1.3037 (just above the top of the SHI Channel on the15 min chart which I thought would be support). Turns out that the 1.320 area was the real support (so far).

Did a 5 lot and made 155 pips (live account ).
Always a Student, Never a Master - Emulate What Works
  • #2,323
  • Dec 16, 2011 8:03am Dec 16, 2011 8:03am
nzdjpy looks like perfect h4 short setup or should I wait for some more confirmation ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2011-12-16 at 17.00.04.png Size: 39 KB
  • #2,324
  • Dec 16, 2011 8:12am Dec 16, 2011 8:12am
I have went LONG for USD/CAD. The signal looks perfect
Attached Image (click to enlarge)
Click to Enlarge Name: US-CAD H4.JPG Size: 76 KB
  • #2,325
  • Dec 16, 2011 8:14am Dec 16, 2011 8:14am
Quoting pisarz
nzdjpy looks like perfect h4 short setup or should I wait for some more confirmation ?

I personally feel it's better to wait for the Green TDI to go downward cross.
  • #2,326
  • Dec 16, 2011 9:03am Dec 16, 2011 9:03am
Had some fun this morning scalping the London session on the M15 at every cross of the TDI.....just an experiment......took 5 trades....total of +108 pips gained......only used 1/2 lots since that time frame can reverse on you quickly.....exited the biggest trade after price failed to break the high of the session three different times. Two trades ended at break even.
Attached Image (click to enlarge)
Click to Enlarge Name: 12.16.11 m15.jpg Size: 126 KB
  • #2,327
  • Dec 16, 2011 11:41am Dec 16, 2011 11:41am
Quoting pisarz
nzdjpy looks like perfect h4 short setup or should I wait for some more confirmation ?

looking to enter, only thing is, shame its a friday!
  • #2,328
  • Dec 16, 2011 11:52am Dec 16, 2011 11:52am
only thing is, Daily has to be in same direction.
  • #2,329
  • Dec 16, 2011 11:54am Dec 16, 2011 11:54am
Quoting Markrc
looking to enter, only thing is, shame its a friday!

Careful, the daily is getting ready to head in the opposite direction.
  • #2,330
  • Dec 16, 2011 12:14pm Dec 16, 2011 12:14pm
Quoting jbudd
Careful, the daily is getting ready to head in the opposite direction.

yup, not a high probability trade, im going to pass. too eager to test this 4hr system on demo!

cheers for warning jbudd!
  • #2,331
  • Dec 16, 2011 3:36pm Dec 16, 2011 3:36pm
Quoting Phx62
Had some fun this morning scalping the London session on the M15 at every cross of the TDI.....just an experiment......took 5 trades....total of +108 pips gained......only used 1/2 lots since that time frame can reverse on you quickly.....exited the biggest trade after price failed to break the high of the session three different times. Two trades ended at break even.
Phx62 excellent. Every day I learn more from you. I think these days I'll come to realize Backtesting to try to replicate some of the wonderful orders that you do and learn more. Many times I move to BE very fast. For example, in the 2 orders that closed to BE, at what point you decided to close the order or move the SL to BE?

Thank you very much.
Enter Signature
  • #2,332
  • Dec 16, 2011 8:53pm Dec 16, 2011 8:53pm
Quoting Phx62
Had some fun this morning scalping the London session on the M15 at every cross of the TDI.....just an experiment......took 5 trades....total of +108 pips gained......only used 1/2 lots since that time frame can reverse on you quickly.....exited the biggest trade after price failed to break the high of the session three different times. Two trades ended at break even.
Hello Phx68, please:
at 8:30 on your chart, why did you not take the first cross? Is it only because it was before the London session?
Best regards
vcary
  • #2,333
  • Dec 16, 2011 9:51pm Dec 16, 2011 9:51pm
Quoting maudur
Phx62 excellent. Every day I learn more from you. I think these days I'll come to realize Backtesting to try to replicate some of the wonderful orders that you do and learn more. Many times I move to BE very fast. For example, in the 2 orders that closed to BE, at what point you decided to close the order or move the SL to BE?

Thank you very much.
I entered each trade on the M15 with a 20 pip SL and a 20 pip TP. I moved my stop to BE at about 10 pips into profit.
If the candles are long with no wick on the back end, I remove the TP and exit manually at the point I decide the trend is exausted or is reversing.
Big E used to say he expected 3 to 8 candles in a row on a change of candle color and TDI cross. Today, during London, that proved to be true in every case. The least number was 4 in a row and the most was 8 in a row before the candle color changed. That can only give a trader the confidence to earn some pips when the TDI crosses and candle color changes.
  • #2,334
  • Dec 16, 2011 9:52pm Dec 16, 2011 9:52pm
Quoting vcary
Hello Phx68, please:
at 8:30 on your chart, why did you not take the first cross? Is it only because it was before the London session?
Best regards
vcary
Yes, I started trading at the London Open. I do not trade the Asian session.
  • #2,335
  • Dec 17, 2011 3:36am Dec 17, 2011 3:36am
X-Man hope you don't mind me sharing this little strategy on this thread, but if it will help others make more pips that would be good.
This was pm'd to me on another forum and have only been using it for a week and had 4 out of 5 winners, some of you may have already come across it and used it. Here it is.


EurUsd, H1 chart
-check the 7:00 NY candle, if it is long or short.
-when it closes, at 8:00 NY time, open a trade OPPOSITE to 7:00 candle.
-so if 7:00 candle closed down (short), you place a buy (long) trade.
-if 7:00 candle closes up (long), you place sell (short) trade.
- the 7:00 closed candle must be at least 3 pips body length, otherwise No Trade !

I set my SL at 25, because i can watch it i do not set a TP to try and pick up all the pips i can, i close the trade when i get a reversal signal.

Just trying to help
Good Luck
  • #2,336
  • Dec 17, 2011 4:34am Dec 17, 2011 4:34am
Quoting cajun
X-Man hope you don't mind me sharing this little strategy on this thread, but if it will help others make more pips that would be good.
This was pm'd to me on another forum and have only been using it for a week and had 4 out of 5 winners, some of you may have already come across it and used it. Here it is.


[color=black][font=Segoe UI][color=red] EurUsd, H1 chart
-check the 7:00 NY candle, if it is long or short.
-when it closes, at 8:00 NY time, open a trade OPPOSITE to 7:00 candle.
-so if 7:00 candle closed down (short), you place a buy (long)...
I can definitely vouch for this tip as I have been using it for a long time. It's one of those trading phenomena which a lot of experienced traders know about but don't really publicly talk about for some reason!
  • #2,337
  • Dec 17, 2011 4:55am Dec 17, 2011 4:55am
Quoting zpiders
I can definitely vouch for this tip as I have been using it for a long time. It's one of those trading phenomena which a lot of experienced traders know about but don't really publicly talk about for some reason!
Good, like i said i have only been using it for a week and it has work well for me. How long have you been trading it and how have you been doing with it?
  • #2,338
  • Dec 17, 2011 6:03am Dec 17, 2011 6:03am
Quoting cajun
X-Man hope you don't mind me sharing this little strategy on this thread, but if it will help others make more pips that would be good.
This was pm'd to me on another forum and have only been using it for a week and had 4 out of 5 winners, some of you may have already come across it and used it. Here it is.


[color=black][font=Segoe UI][color=red] EurUsd, H1 chart
-check the 7:00 NY candle, if it is long or short.
-when it closes, at 8:00 NY time, open a trade OPPOSITE to 7:00 candle.
-so if 7:00 candle closed down (short), you place a buy (long)...
So the 7:00 NY candle is your 6:00 am (CST) candle which is the 12:00 GMT candle. Is this correct? Show us a chart with your lines marked, if you can.
  • #2,339
  • Dec 17, 2011 6:13am Dec 17, 2011 6:13am
Perhaps you should start your own thread so as to not confuse those here trying to learn X-Man's method.

Quoting cajun
X-Man hope you don't mind me sharing this little strategy on this thread, but if it will help others make more pips that would be good.
This was pm'd to me on another forum and have only been using it for a week and had 4 out of 5 winners, some of you may have already come across it and used it. Here it is.


[color=black][font=Segoe UI][color=red] EurUsd, H1 chart
-check the 7:00 NY candle, if it is long or short.
-when it closes, at 8:00 NY time, open a trade OPPOSITE to 7:00 candle.
-so if 7:00 candle closed down (short), you place a buy (long)...
  • #2,340
  • Dec 17, 2011 7:41am Dec 17, 2011 7:41am
Quoting wrenski
So the 7:00 NY candle is your 6:00 am (CST) candle which is the 12:00 GMT candle. Is this correct? Show us a chart with your lines marked, if you can.
Yes, i am in CST, but doesn't matter what timezone you are in, it would be the candle before the NY open, then when the NY open you open trade the opposite direction.
6 traders viewing now