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X-Man's Super Simple System

  • #2,761
  • Jan 13, 2012 12:37am Jan 13, 2012 12:37am
Quoting Erebus
London Open
Thank you Erebus!!!!
  • #2,762
  • Jan 13, 2012 2:36am Jan 13, 2012 2:36am
practice 6 ( live trading)

buy eurusd h1

Attached Image (click to enlarge)
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  • #2,763
  • Jan 13, 2012 3:17am Jan 13, 2012 3:17am
longed eu too on 4h chart.

based on 60ema and 4ema cross up and TDI agreeing with it.
  • #2,764
  • Jan 13, 2012 3:49am Jan 13, 2012 3:49am
Quoting Vantage
we are still in downtrend and we could revert down at any time. The 29 Dec low is a definite problem/turn area.
Eur turned down pretty much as expected.
  • #2,765
  • Jan 13, 2012 4:07am Jan 13, 2012 4:07am
Didn't go anywhere though.
My favorite crochet hook is size J. It's a J-Hook!
  • #2,766
  • Jan 13, 2012 4:25am Jan 13, 2012 4:25am
Quoting littlebunny
Didn't go anywhere though.
A quick 45 pips down from entry (70 from the high) is not to be sneezed at. You cannot control the market all you can do is control what you will do in reaction to what it offers you.

Personally I think rejection of an area identified in advance as a possible turn level with a good 1hr candle set up in direction of trend with an exit target of the Asian low support level is about a good a set up as it gets.
  • #2,767
  • Jan 13, 2012 4:29am Jan 13, 2012 4:29am
Quoting littlebunny
Didn't go anywhere though.
Not to mention that if you were long you could have exited with some profit and looked to get short. Instead of perhaps waiting for a stop to get hit.
  • #2,768
  • Jan 13, 2012 4:31am Jan 13, 2012 4:31am
No sneeze intended for those who did a better job with it than I did. As soon as I got in it backed up. Twice.
My favorite crochet hook is size J. It's a J-Hook!
  • #2,769
  • Jan 13, 2012 4:36am Jan 13, 2012 4:36am
my today staitment in london market

Attached Image (click to enlarge)
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  • #2,770
  • Jan 13, 2012 4:51am Jan 13, 2012 4:51am
Quoting littlebunny
Didn't go anywhere though.
I entered late. Still, 50 pips were possible.

gary
Attached Image
  • #2,771
  • Jan 13, 2012 5:16am Jan 13, 2012 5:16am
Quoting gms
I entered late. Still, 50 pips were possible.

gary
I have 8 rsi with 8 sma on it (the old fozzy set up) at the office and that crossed 1 candle earlier than TDI.
  • #2,772
  • Edited 5:26am Jan 13, 2012 5:16am | Edited 5:26am
I entered when the low of the first red candle was broken. I believe that is how Ph62 normally enters trades like this. Is that correct Ph? Xman is a little more aggressive, he may have entered at the open of the second red candle is that right xman?

Ph62, I know you've mentioned that if the pa looks good, you extend the tp from 50 to 100. What specific signs do you look for to do this?
Thank you both for sharing..
Attached Image
  • #2,773
  • Jan 13, 2012 5:50am Jan 13, 2012 5:50am
even though i entered correctly price kept pulling back 30 pips stopping me out at BE. Checking the 15 min chart seemed to be my downfall today

This was checking with the 1 hour as well
  • #2,774
  • Jan 13, 2012 5:59am Jan 13, 2012 5:59am
Today was a nice easy trade
Went short at the opening of the second red candle and scored me a nice 70 pips
SL would be a small 25 pips
TP1 would be set at 25 pips
TP2 would be let to run or set at 2 times which is at 50
Attached Image (click to enlarge)
Click to Enlarge Name: today.jpg Size: 106 KB
X-man the legendary conqueror of markets
  • #2,775
  • Jan 13, 2012 6:09am Jan 13, 2012 6:09am
hello guys,

i was trying to do a little bit of backtesting of the 4 hour method using simulator (vHands). what is puzzling for me is that i didnt notice that the shi channel is moving at all (when i say `move` i mean repaints. which in my opinion should repaint, considering it is calculated using daily data). Am i missing something?

Regards,

tonny
  • #2,776
  • Jan 13, 2012 6:18am Jan 13, 2012 6:18am
hi x-man

you told draw second verticall line one our befor opening ny market. at tour picture you draw at opening ny market. why?
  • #2,777
  • Jan 13, 2012 6:19am Jan 13, 2012 6:19am
practice 8 ( live trading)

sell eurusd at one our before opening ny market

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  • #2,778
  • Jan 13, 2012 6:19am Jan 13, 2012 6:19am
Quoting hale-mary
even though i entered correctly price kept pulling back 30 pips stopping me out at BE. Checking the 15 min chart seemed to be my downfall today

This was checking with the 1 hour as well
Hi hm,

We trade S3 on h1 TF. But checking M15 is nothing wrong and in fact M15 can help us fine tune our entry.
we must always reconcile M15 with H1 and H1 with H4.
We all know that 4x M15 candle make a H1 candle, and 4x H1 candles make a H4 candle.
Question is: can you see how a H1 and H4 candle would form when you are on M15 chart TF?

EU has a double inside bar in the Asian session and breakout was high probability. This is a good PA setup. See attache chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M15 13 Jan 12 DIB breakout.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,779
  • Jan 13, 2012 6:41am Jan 13, 2012 6:41am
Quoting hale-mary
even though i entered correctly price kept pulling back 30 pips stopping me out at BE. Checking the 15 min chart seemed to be my downfall today. This was checking with the 1 hour as well
One method that takes the emotion out of watching pa go against you is once you enter a trade, set your sl, tp, and be point and don't look at your charts until the next hr.
  • #2,780
  • Edited 7:54am Jan 13, 2012 6:45am | Edited 7:54am
Quoting james2ko
One method that takes the emotion out of watching pa go against you is once you enter a trade, set your sl, tp, and be point and don't look at your charts until the next hr.
I have done that plenty of times. Only thing that results is a SL. I need to get better at looking at the 15 min with the 1 hour and strong vs weak candle observation. It helped me to some extent this week. but we shall see. Also Xmans complilation should help as well. so I can figure out when to adjust my SL
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