X-Man's Super Simple System | Page 146 | 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

  • #2,901
  • Jan 18, 2012 2:07am Jan 18, 2012 2:07am
Heres what im seeing now.
The candle couldnt break resistance forming a double top and TDi shows a divergance. So im guessing the bears will come out now now
Attached Image (click to enlarge)
Click to Enlarge Name: today.jpg Size: 122 KB
X-man the legendary conqueror of markets
  • #2,902
  • Jan 18, 2012 2:24am Jan 18, 2012 2:24am
Quoting X-Man
Heres what im seeing now.
The candle couldnt break resistance forming a double top and TDi shows a divergance. So im guessing the bears will come out now now
I think also one of your candle formations is coming into play...correct? well as soon as it finishes
  • #2,903
  • Jan 18, 2012 2:41am Jan 18, 2012 2:41am
Quoting hale-mary
I think also one of your candle formations is coming into play...correct? well as soon as it finishes

well, again buyers tested 1.2800. H4 TD still look bullish, so is D1.
any action on H1 is very short term until the fight between bulls and bears has a winner.
I dont see momentum on H1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,904
  • Jan 18, 2012 2:49am Jan 18, 2012 2:49am
Trades I took on the AUSSIE pairs -ALL COUNTER trend but the same principal as the swing trades X-MAN teaches - Great system I must add.
I dont use the AHA candles. On the AUD.USD there was nice 4 hour pin bar which gave me the in..AUD.YEN was at previous strong S and R at 80.00. NZD.USD is truggling at the moment but as its correlated with the AUS.USD it may work not the ideal set up in hind sight....
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 64 KB
  • #2,905
  • Jan 18, 2012 3:18am Jan 18, 2012 3:18am
Just love days like this. Im sitting on 2 BE's today, fake up/fake down. What next... fake up again?
youtube.com/@pantherfxt
  • #2,906
  • Jan 18, 2012 3:24am Jan 18, 2012 3:24am
Quoting Polleczko
Just love days like this. Im sitting on 2 BE's today, fake up/fake down. What next... fake up again?
Uncertainty before imminent big UK news today maybe - 9.30am
  • #2,907
  • Jan 18, 2012 3:37am Jan 18, 2012 3:37am
Got my 45 pips and bugged out. Had two deals on the 15M using price action 123 patterns. One deal sour at -1 pip before got out. PHx62, I really look forward to your post for today. It should shed some light on tonights wonkiness from the one hour timeframe to the 15 minute. Thanks.
"IN CASH WE TRUST"
  • #2,908
  • Jan 18, 2012 3:42am Jan 18, 2012 3:42am
Quoting moneyrunner
Trades I took on the AUSSIE pairs -ALL COUNTER trend but the same principal as the swing trades X-MAN teaches - ....
.....
NZD.USD is truggling at the moment but as its correlated with the AUS.USD it may work not the ideal set up in hind sight....
moneyrunner, I'm a bit confused, can you please explain on what basis do you place the Counter Trend trades?
Was tempted to enter as well, but as I understand, X-Man 4H swing trades are only with the 60EMA trend direction.
Or, do you mean they were 1H S3 trades?
EP
  • #2,909
  • Jan 18, 2012 3:55am Jan 18, 2012 3:55am
Quoting EaglePip
moneyrunner, I'm a bit confused, can you please explain on what basis do you place the Counter Trend trades?
Was tempted to enter as well, but as I understand, X-Man 4H swing trades are only with the 60EMA trend direction.
Or, do you mean they were 1H S3 trades?
EP
EaglePip
Its counter Trend as Shorted the pairs and the 60ema was saying long...but the TDI showed me we where outside the blue bands. Pin bar on the 4 hour after a big move against the us dollar. The other pairs mentioned are correlated to the aud.usd. The aud.yen was at a previous strong S and R 80 and if you wish which I have on my charts are pivot poits the pairs where at major mothly pivots. So for me enought reasons to short....Hope this helps...dont be greedy with a counter trend trade though.
  • #2,910
  • Jan 18, 2012 4:09am Jan 18, 2012 4:09am
Quoting X-Man
Heres what im seeing now.
The candle couldnt break resistance forming a double top and TDi shows a divergance. So im guessing the bears will come out now now
Hi X-man,
By any chance, is your compilation about your system is ready ? Have you already posted it in this thread ?

I have another suggestion: Why you and/or some others mastering your system would not open a separated Trade Journal Thread where some of your nice entries (4H system) could be noticed there on a regular basis?
It could help many others who are not really sure about their entries and it could be a nice helping support consolidating their knowledge. What do you think about that ? Happy pips X-man
  • #2,911
  • Jan 18, 2012 4:17am Jan 18, 2012 4:17am
Hi Xman,

May I know when is the cut off for you to close the 4H trade if don't go in the desired directions. Understand looking at PA, a general guideline with the timing?

For example, EUR/CHF after showing initial sign of TDI crossing, breaking of blue band, 4H + Daily downtrend, and after 5 candles of 4H simply refuses to go in the desired direction, do you close it then?

Evilmaster
  • #2,912
  • Jan 18, 2012 7:00am Jan 18, 2012 7:00am
Quoting X-Man
A/U had 1 A+ trade
Look at TDI at how the bottom of the band broke

SL around 80 pips
TP at 100 pips or 1:1 etc



Hi XMAN,

What is you SHI channel time frame set for this trade. My SHI looks very different to yours.

Many Thanks
  • #2,913
  • Jan 18, 2012 8:55am Jan 18, 2012 8:55am
Quoting Evilmaster
Hi Xman,

May I know when is the cut off for you to close the 4H trade if don't go in the desired directions. Understand looking at PA, a general guideline with the timing?

For example, EUR/CHF after showing initial sign of TDI crossing, breaking of blue band, 4H + Daily downtrend, and after 5 candles of 4H simply refuses to go in the desired direction, do you close it then?

Evilmaster
Should have closed it. SL hit on a large spike... Same for GBPUSD...
  • #2,914
  • Jan 18, 2012 9:06am Jan 18, 2012 9:06am
Quoting Evilmaster
Hi Xman,

May I know when is the cut off for you to close the 4H trade if don't go in the desired directions. Understand looking at PA, a general guideline with the timing?

For example, EUR/CHF after showing initial sign of TDI crossing, breaking of blue band, 4H + Daily downtrend, and after 5 candles of 4H simply refuses to go in the desired direction, do you close it then?

Evilmaster
Yes i see what you mean, i also took the G/U 4H trade and when i seen the blue candle form i closed the trade. Exited at Breakeven. Thats playing it safe.
If the pair was suppose to go in one direction then it would stay the same color.
X-man the legendary conqueror of markets
  • #2,915
  • Jan 18, 2012 9:07am Jan 18, 2012 9:07am
Quoting netwatchpips
Hi XMAN,

What is you SHI channel time frame set for this trade. My SHI looks very different to yours.

Many Thanks
The setting is the same for all the pairs.
X-man the legendary conqueror of markets
  • #2,916
  • Jan 18, 2012 9:14am Jan 18, 2012 9:14am
Quoting effluvium
Hi X-man,
By any chance, is your compilation about your system is ready ? Have you already posted it in this thread ?

I have another suggestion: Why you and/or some others mastering your system would not open a separated Trade Journal Thread where some of your nice entries (4H system) could be noticed there on a regular basis?
It could help many others who are not really sure about their entries and it could be a nice helping support consolidating their knowledge. What do you think about that ? Happy pips X-man
Yes i did post the signals this morning. Did you read the posts?
Recently i have been spending less time at my PC but i will see if i can open a trade journal. If its going to require lots of work then i wont be able to. Managing 1 thread is a lot of work on its own. Time is also required to focus on charts.
Thats one reason i stop the skype because i couldnt focus on my charts.
X-man the legendary conqueror of markets
  • #2,917
  • Jan 18, 2012 9:20am Jan 18, 2012 9:20am
Another thing i would like to tell all the S3 traders is that the signals i posted wont give you 100% wins.
There will be times where you will see the signal but it will give a loss.
The signals that I posted are there for high probability trades.

In trading a trader must be able to have more wins than losses to be profitable, no trader can have 100% wins.
A loss has to be incurred. Always remember that.
X-man the legendary conqueror of markets
  • #2,918
  • Jan 18, 2012 11:20am Jan 18, 2012 11:20am
Hello,

Can some one explain me what the small white circle which is highlighted in the attached figure signifies. The chart is taken on 4H TF on XAgUSD.[IMG]

Thanks,
Deepthi
Attached Image (click to enlarge)
Click to Enlarge Name: h4augx-men.jpg Size: 139 KB
  • #2,919
  • Jan 18, 2012 12:06pm Jan 18, 2012 12:06pm
I got whipped left and right today for huge losses. I just dont know what to do. everytime a signal seems good I get killed and my account gets wiped out.
  • #2,920
  • Jan 18, 2012 12:24pm Jan 18, 2012 12:24pm
Quoting hale-mary
I got whipped left and right today for huge losses. I just dont know what to do. everytime a signal seems good I get killed and my account gets wiped out.

Switch to demo account m8, or trade micro until u build confidence with this system. I agree, today's trades on H1 was pure nightmare up/down/up/down/up/down.... I ended with -35pips, and I'm glad its finally over . My advice is too keep R:R high, I'm trading at least 1:2 RR (20-25pips SL/40-50pips TP), which keeps me in profit despite rollercoaster days like this.

P.
youtube.com/@pantherfxt
1 trader viewing now