X-Man's Super Simple System | Page 123 | 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

  • #2,441
  • Dec 27, 2011 11:18pm Dec 27, 2011 11:18pm
I'm pretty good with MT4, or so I thought (been using it for years)

Never too smart to learn more Many thanks Altos & Pete!

Happy New Year X-mann & everyone on this forum.
  • #2,442
  • Dec 28, 2011 3:55am Dec 28, 2011 3:55am
Quoting Fitness09
I have tried all 3. LG's system was actually the first when I started trading Forex. Then, I found Big E's system, and X-man system was the latest. I did not do well with LG's. Made progress with Big E's and have found X-man is a simplified version of Big E's. I am currently just trading X-man's S3. All were with live accounts.
Thanks for the share fitness09!
  • #2,443
  • Dec 28, 2011 2:17pm Dec 28, 2011 2:17pm
Quoting aren
we'll get more information from divergence in TDI.
Aren - How did you get the blue boxes around the cycle change thingie?

Thanks
  • #2,444
  • Dec 28, 2011 2:23pm Dec 28, 2011 2:23pm
Quoting 82nd
Aren - How did you get the blue boxes around the cycle change thingie?

Thanks
It is all in the manual...

Attached Image (click to enlarge)
Click to Enlarge Name: rectangle.png Size: 124 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,445
  • Dec 28, 2011 2:46pm Dec 28, 2011 2:46pm
Quoting SmokeyD
Back test and ...back test and ...back test and ...
Or he could watch videos...



Inserted Video
It takes a lot for me to IGNORE you, but you can try.
  • #2,446
  • Dec 28, 2011 3:04pm Dec 28, 2011 3:04pm
Hey, Thanks for the videos. Will watch them.Been reading different forex books also. I read pretty fast so there's very little effort. Have been keeping up with the backtesting and of course forward testing. I have been finding that cable can be profitable during these times, but there is no movements really on the Euro... At least until today... Take it easy
"IN CASH WE TRUST"
  • #2,447
  • Dec 28, 2011 3:20pm Dec 28, 2011 3:20pm
Lazylobster I sent PM to you!
Enter Signature
  • #2,448
  • Dec 28, 2011 7:58pm Dec 28, 2011 7:58pm
Hey, thanks for all the support from every one. Im new to forex and was wondering how to post my trades to show you guys.
  • #2,449
  • Dec 29, 2011 2:09pm Dec 29, 2011 2:09pm
Entered long on AUDUSD and NZDUSD, short on USDCAD.
  • #2,450
  • Dec 29, 2011 4:47pm Dec 29, 2011 4:47pm
Quoting piprac
I am not doing real great with this 1H PA strategy yet but it seems to me that if I am looking 1st at PA then I should use regular candlesticks - the Synergy HA uses info from the previous bar and may not reflect pure PA at the moment. Just my .01cts worth and I certainly welcome comments. p.
Sorry I'm taking my time to get up to speed with this wonderful thread and I don't want to ruffle some feathers but I'd come to a conclusion that regular candle sticks suit me better in fact the higher the time frame the lesser the noise and better the decision making.

For most folks using the synergy bars you have to select bar charts and place the HA candles on top and zoom in so you can still see HLOC and then deduce what PA is saying. (Using X-Man's s3).
Then for some folks like me with regular candle sticks I can see what I wanna see.

Dean Malone uses the HA bars to prevent traders panic and early exits but here we use PA to make entry and exit decisions.
Just use what aids your recognition and decision making.

http://content.screencast.com/users/...12-29_2211.png


The chart above shows that Regular candle sticks can aid your decision making just as much as APBs so go ahead use what suits you!

Intrepid
Let it turn and find your entry.
  • #2,451
  • Dec 29, 2011 6:51pm Dec 29, 2011 6:51pm
So I have been backtesting and using the f12 key. I finally have come to the conclusion that it "feels" like i am guessing when I take entries. Let me explain, I am not sure how to determine if momentum is beginning or ending (well a decent amount of times to be confident) So even entering on a solid candle seems like the bar ends and reverses. i will be waiting for X-man to document what he looks at whe back testing to get an idea.
  • #2,452
  • Dec 29, 2011 8:04pm Dec 29, 2011 8:04pm
X-Man,

Thanks for sharing your great thread. I'm a newbie for forex.I'm going to follow the simple trading system. after I read the word file S3 E-U method in the first post and many your posts, I back test and found the win rate is not so high as you mentioned around 80%. I think I must mis-understanding something on how to identify the pullback candle. Please help to clarify them when you come back.

1. "Previous candles are bearish" , does it mean 1)APB bar is blue or 2)the candle close below open or 1&2 ?
2. "The wick of the candle should be a longer than the body of the candle." No mater which side of the wick? The reason I ask is I saw some pullback candles you marked in the chart is bearish pullback candle but its lower wick is much longer than upper wick.
3, I check the chart in the word file and find some candles are pullback candle base on the your defination. but you didn't marked it. I mark them with green circle. Please help to clarify if they are bullback candles. if yes, can you explain the reason you didn't look it as a trading signal.

Hope you have a great holiday. Sorry for my bad English!
Chlam.
Attached Image (click to enlarge)
Click to Enlarge Name: Pullback.PNG Size: 82 KB
  • #2,453
  • Dec 30, 2011 4:45am Dec 30, 2011 4:45am
Quoting Rodcisal
I was wondering, have you studied at all about sessions going the same way? With this I mean if after london open trend is bullish what are the odds based on backtesting that NY goes the same way?

Does anyone have an indicator to know hoy many pips the price is moving during certain timeframe?


Regards
Hi Rodi this should help, it displays so much information especially number of pips made in the current chart's timeframe.

Pip full 2012 to you and all!
Attached File(s)
File Type: ex4 P4L Clock.ex4   66 KB | 612 downloads
Let it turn and find your entry.
  • #2,454
  • Edited 5:44am Dec 30, 2011 5:03am | Edited 5:44am
Your last post has some points, but I would like to add to your discussion if I may. I have used many different indicators in my time with forex and one of the most difficult things I had to learn was that they are all fallable. That is, they have their uses like tools in a toolbox, but often times you have to know when the right to use them and the right time to ignore them. These days I look at them much like lenses to help focus on what I am looking for in PA. As for your ideas on APB candles, I agree that it makes intuitive sense to use standard candlesticks to look at PA, but there are definite advantages to using the APB bars. You mentioned the really big one and that is trader's panic (this reason should not be underestimated, although I try to be very objective in a trade, I always end up staying in my profitable trades longer with the APB), 2 -I find it easier to identify the pullback candle with APB (although it should be obvious that you could do this with standard) this is also one of those times where you ignore you indicator or rather in this case interpret its results in a specific manner and take actions accordingly. 3 - lastly is a reason that hasn't been talked about with S3, but perhaps should be... I am still working on the idea myself, but when APB bodies close above or below resistance and support, it makes a better case than its candlestick counterparts that S and P is broken. (my opinion of course). Like I said, I agree with your assessments of APB, but I feel that APB's deserve more consideration. You are also right on about using whatever works for you, because many people are already comfortable with standard candlesticks. Obviously, I am more comfortable with the APB, but then again, you might have more experience with price action than I do. Would like to hear more if anyone has anything to add. http://www.forexfactory.com/images/icons/icon10.gif
"IN CASH WE TRUST"
  • #2,455
  • Dec 30, 2011 5:17am Dec 30, 2011 5:17am
Quoting Chlam
X-Man,

Thanks for sharing your great thread. I'm a newbie for forex.I'm going to follow the simple trading system. after I read the word file S3 E-U method in the first post and many your posts, I back test and found the win rate is not so high as you mentioned around 80%. I think I must mis-understanding something on how to identify the pullback candle. Please help to clarify them when you come back.

[size=4]1. "[color=red][font=Calibri][i][color=black]Previous candles are bearish" , does it mean...
I also have the same confusion if X - Man can explain this after he back...!
  • #2,456
  • Dec 30, 2011 7:41am Dec 30, 2011 7:41am
Quoting hale-mary
So I have been backtesting and using the f12 key. I finally have come to the conclusion that it "feels" like i am guessing when I take entries. Let me explain, I am not sure how to determine if momentum is beginning or ending (well a decent amount of times to be confident) So even entering on a solid candle seems like the bar ends and reverses..
hale-mary, as mentioned before I suggest to use the simulator for backtesting. instead of getting just static candles you will see and "feel" the momentum while watching the moving candles in fast forward time-lapse mode.

gary
  • #2,457
  • Edited 10:30am Dec 30, 2011 9:02am | Edited 10:30am
Quoting thrax
Entered long on AUDUSD and NZDUSD, short on USDCAD.
The USDCAD was stopped out, -7 pips (I do use a trailing stop), the AUDUSD reached the defined TP of 2xATR(7)=66 pips.
Meanwhile the NZDUD also hit predefined TP of 64 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD_H4_strategy name_20111230155631.gif Size: 25 KB
Click to Enlarge Name: NZDUSD_H4_strategy name_20111230172823.gif Size: 24 KB
  • #2,458
  • Dec 30, 2011 10:00am Dec 30, 2011 10:00am
Quoting hale-mary
So I have been backtesting and using the f12 key. I finally have come to the conclusion that it "feels" like i am guessing when I take entries. Let me explain, I am not sure how to determine if momentum is beginning or ending (well a decent amount of times to be confident) So even entering on a solid candle seems like the bar ends and reverses. i will be waiting for X-man to document what he looks at whe back testing to get an idea.
Hi hale mary

Just working off 1hr is obviously not clicking for you yet.

May I suggest you have a good look at daily SR levels and take into acc that roughly 70% of the time 1 day will follow the next. I suggested it before and will do so again. Look for D higher lows and lower highs i.e. looking for trends to resume buying dips in uptrend, selling rallies in downtrend.

Take your cue from the daily. Have a look how your trades would have been IF you just took direction from D crosses of TDI ie D crossed up just looking for buys, D crossed down just looking for sells.

You might get a nice surprise. Will there be days where you miss trades because you are waiting for D to fall in line, yes, but you are seeming to have a problem in any event with your current methodology.

Hopefully this D chart with crosses highlighted can give you the direction to look at 1hr following the D trend.

DON"T worry for now about solid trades you are missing working on this basis. FOCUS on the number of good trades you would get, win/loss ratio and average pips per trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 23 KB
  • #2,459
  • Dec 30, 2011 10:32am Dec 30, 2011 10:32am
Quoting gms
hale-mary, as mentioned before I suggest to use the simulator for backtesting. instead of getting just static candles you will see and "feel" the momentum while watching the moving candles in fast forward time-lapse mode.

gary
There are so many people that back test with static candles and do fine. I even used the simulator before. It does NOT do anything for me. There is something I am failing to see. That is all there is too it.
  • #2,460
  • Dec 30, 2011 10:38am Dec 30, 2011 10:38am
Quoting Vantage
Hi hale mary

Just working off 1hr is obviously not clicking for you yet.

May I suggest you have a good look at daily SR levels and take into acc that roughly 70% of the time 1 day will follow the next. I suggested it before and will do so again. Look for D higher lows and lower highs i.e. looking for trends to resume buying dips in uptrend, selling rallies in downtrend.

Take your cue from the daily. Have a look how your trades would have been IF you just took direction from D crosses of TDI ie D crossed up just looking for buys, D crossed down...
Vantage,

The areas you marked, those are where the candles and tdi basically gave you a signal after the canlde formed right? So would your entry be on the next candle after the vertical red line on each one?
11 traders viewing now