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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

Guys im experimenting with an EMA i got from the daily thread of by Britpip7.

On my 4H TF i added a 200 EMA shift 0.
I noticed that when PA break through the 60EMA then it goes to the 200 EMA. Look at my chart below and see what the E/U is doing.
So like this i can use the 60EMA and 200EMA for entries.
Notice that green line on the TDI had 2 bounces on the red line.
The TDI is high in the 68 zone. At the same time touching the 200EMA

Its not official yet im still experimenting
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X-man the legendary conqueror of markets
i will look at the candles some more, but i was talking about this post for the red vertical lines. I am trying to get better at tp and sl incase i experience screwy days like this week.

Is this what most of your comments are based on (post 2923)
GU has the same set up
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X-man the legendary conqueror of markets
Hale mary are you talking about this chart?
The first vertical line i mentioned before that i wont take that trade as the candle has a long tail, i would sit out.
The second vertical line i would go long
Then when i see the next candle which is your 3rd vertical line i would exit as the candle shows me that its going in the other direction and if i took the third vertical line as short i would get stopped out.
So overall that wont be a good trading day.

Your second and third trades are correct
The first trade wont be correct

I want to know did you go long or short on your second vertical line?
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X-man the legendary conqueror of markets
By the way guys the 200 EMA on the 4H TF confirmed my trade to go short on the 1H TF.
Im sitting with over 40 pips now
Who also went short on the 1H E/U ?
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X-man the legendary conqueror of markets
Quoting X-Man
[color=Blue][size=3]Hale mary are you talking about this chart?
The first vertical line i mentioned before that i wont take that trade as the candle has a long tail, i would sit out.
The second vertical line i would go long
Then when i see the next candle which is your 3rd vertical line i would exit as the candle shows me that its going in the other direction and if i took the third vertical line as short i would get stopped out.
So overall that wont be a good trading day.

Your second and third trades are correct
The first trade wont be correct

I...
Yes this is the chart. When price went below the hesistation area went short as it did not want to break the high.

But when the candle closed I went long as it was a pullback.

I also took a EU short, but waited for it to break the range and have tdi confirmation
Im done for today, closed my trade for 45 pips.
Have lots to do. my friend getting married this weekend.
Enjoy your weekend guys.

Another 1 bites the dust
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X-man the legendary conqueror of markets
Quoting Phiksalamuk
Long on AUDCAD. PA bounced from SMA and TDI was returning from outside blue band. TP is top of SHI Channel.
Once entered according to X-Man rules, I like to monitor the trade on the 1 H TF. In that case, up trend line just broke so I decided to exit.

Closed for +31 pips. With initial stop loss of 28p, a bit more than 1:1... not to bad...!
Time for me to start a 1 year backtest of the 1HOUR, try to get this system nailed
Quoting X-Man
By the way guys the 200 EMA on the 4H TF confirmed my trade to go short on the 1H TF.
Im sitting with over 40 pips now
Who also went short on the 1H E/U ?
Hey X-Man, when is the right tf to use 60EMA and 200EMA?

And the our TDI is also slightly different..

Another one, with the H4 tf, this is the best time to short E/U. But how should we juggle the info with the 24th January meeting? Or usually the position wont last this long??
Quoting X-Man
By the way guys the 200 EMA on the 4H TF confirmed my trade to go short on the 1H TF.
Im sitting with over 40 pips now
Who also went short on the 1H E/U ?

Beautiful day

70pips in da pocket.
Congratulations
very nice, good price..!
X-Man,
Just wanted to say thanks for starting this thread. Been lurking for about a month. Thought I would share my trade that I took today. Since this weeks trading has been somewhat difficult I entered the trade on the break of the support of the previous day. With the confirmation of the TDI for a total of 40 PIPs.

Again thanks for starting a great thread and taking the time to maintain it.

CM
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While backtesting, im thinking that where i should place my verticle lines should be apated to count of daylight saving times, anybody have an idea to get around this?
Also is there a way for an indicator to automatically plot these verticle lines everyday, i have tried the only indicator i could find on this thread but it doesnt seem to work.
Much appreciated, rob
Quoting robthorp
While backtesting, im thinking that where i should place my verticle lines should be apated to count of daylight saving times, anybody have an idea to get around this?
Also is there a way for an indicator to automatically plot these verticle lines everyday, i have tried the only indicator i could find on this thread but it doesnt seem to work.
Much appreciated, rob

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File Type: ex4 Xi-VLines v1.02.ex4   13 KB | 396 downloads


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File Type: mq4 Time_vLines.mq4   2 KB | 425 downloads
Quoting senma
Attachment 880215

Attachment 880217
Thankyou Senma
Long USDCHF and short EURNZD.... Let see...
Quoting Phiksalamuk
Long USDCHF and short EURNZD.... Let see...
The PA this below 60 EMA
Quoting Phx62
This week has trended up but it has been choppy and lots of movement in the Asian session which I seldom trade. I did get in a good Asian trade on Tuesday, as explained in a previous post. Other than that day, nothing to write home about. It is very difficult to trade candles that have wicks at both ends....lots of fake outs. Maybe next week will be better.
"LIKE"
Quoting senma
The PA this below 60 EMA
I suppose you refer to USDCHF... PA is bouncing from a rising daily channel.... So this is a good set up for me. My TP will be the 60 SMA.
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