X-Man's Super Simple System | Page 167 | 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

  • #3,321
  • Jan 30, 2012 8:19am Jan 30, 2012 8:19am
Quoting X-Man
Guys i have something special for all of you.

A pro trader and friend (Dcginc) has started a blog on trading strategies ,techniques, advice etc. His website is called the pro trader network.
Some of you guys may recognize him from trading made simple.
He always use to give excellent advice and tips towards trading. One of the well respected traders.

Heres a link to his blog http://www.protradenetwork.com/
[color=Blue][size=3]Here you will learn very valuable...
Thanks for the link X-Man, DCginc indeed is a great contributor in the TMS thread. BTW, have you taken any trade today? Since LO, PA has dropped more than a hundred pips and it seemed continue to do so past NO...
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #3,322
  • Jan 30, 2012 8:44am Jan 30, 2012 8:44am
Yes i did take a trade today.
I entered short when the support broke this morning. PA wasnt moving almost the entire day, was just about to close my trade for 25 pips when momentum started picking up and my 45 pips got hit minutes ago.

The 1H trend line broke so when that happens i learnt from dean malone that PA falls to the higher TF trendline which was the 4H trendline. You can view this in the chart i posted.

As you can see now that PA is bouncing off the 4H trend line
Or it might break it. But i have locked in all my profits at this point.
Attached Image (click to enlarge)
Click to Enlarge Name: today.jpg Size: 128 KB
X-man the legendary conqueror of markets
  • #3,323
  • Jan 30, 2012 8:56am Jan 30, 2012 8:56am
Quoting X-Man
[color=Blue][size=3]Yes i did take a trade today.
I entered short when the support broke this morning. PA wasnt moving almost the entire day, was just about to close my trade for 25 pips when momentum started picking up and my 45 pips got hit minutes ago.

The 1H trend line broke so when that happens i learnt from dean malone that PA falls to the higher TF trendline which was the 4H trendline. You can view this in the chart i posted.

As you can see now that PA is bouncing off the 4H trend line
Or it might break it. But i have locked in all my profits...

Nice. I will start early this morning near 1.3209 and is now running trade center still waiting for TP 1.3077 ... Now at the 1.3100 ... Let's hope the TP is reached.
  • #3,324
  • Jan 30, 2012 9:02am Jan 30, 2012 9:02am
Quoting X-Man
[color=Blue][size=3]Yes i did take a trade today.
I entered short when the support broke this morning. PA wasnt moving almost the entire day, was just about to close my trade for 25 pips when momentum started picking up and my 45 pips got hit minutes ago.

The 1H trend line broke so when that happens i learnt from dean malone that PA falls to the higher TF trendline which was the 4H trendline. You can view this in the chart i posted.

As you can see now that PA is bouncing off the 4H trend line
Or it might break it. But i have locked in all...
Please X-Man, how you draw the 4H trendline in your 1H chart?
Thank you
Oyapoke
  • #3,325
  • Jan 30, 2012 9:06am Jan 30, 2012 9:06am
In long at 1.3105. Taking the pullback bar in confluence with TDI cross along with pa has exceeded its ADR and bouncing off of prior resistance at around 1.3080. Also closed above the 1.3000. Looking for around 25 pip TP, roughly the 38.2 fib for todays move. Any thoughts?
  • #3,326
  • Jan 30, 2012 9:08am Jan 30, 2012 9:08am
I'm in too. Not sure how high this can go though.

Graham
  • #3,327
  • Jan 30, 2012 9:09am Jan 30, 2012 9:09am
Quoting X-Man
[color=Blue][size=3]Yes i did take a trade today.
I entered short when the support broke this morning. PA wasnt moving almost the entire day, was just about to close my trade for 25 pips when momentum started picking up and my 45 pips got hit minutes ago.

The 1H trend line broke so when that happens i learnt from dean malone that PA falls to the higher TF trendline which was the 4H trendline. You can view this in the chart i posted.

As you can see now that PA is bouncing off the 4H trend line
Or it might break it. But i have locked in all my profits...
Geez X-Man, you're spot-on! PA did bounce on that 4HR trendline! You are one heck of a trader.

Have you thought of starting your own paid service? Are you a full time trader?

"Chance prefers the prepared mind!" and you're one heck of a prepared mind!

In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #3,328
  • Jan 30, 2012 9:10am Jan 30, 2012 9:10am
So here is the chart of where I shorted this morning as indicated by the red arrow. I went short when it broke thw mini support area. price went down 25 pips only to get me at BE and continue down

Nont sure what i coud have done dfferently. it looks like one of those trades that didnt pan out
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 145 KB
  • #3,329
  • Jan 30, 2012 9:12am Jan 30, 2012 9:12am
Quoting AmaNZ
Nice. I will start early this morning near 1.3209 and is now running trade center still waiting for TP 1.3077 ... Now at the 1.3100 ... Let's hope the TP is reached.
I really thought your TP was hit already...it was 1.3076 low at my platform...
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #3,330
  • Jan 30, 2012 9:18am Jan 30, 2012 9:18am
Quoting hale-mary
So here is the chart of where I shorted this morning as indicated by the red arrow. I went short when it broke thw mini support area. price went down 25 pips only to get me at BE and continue down

Nont sure what i coud have done dfferently. it looks like one of those trades that didnt pan out
HM, you may have been a little too aggressive in moving to BE. Heard X-Man talk about doing it after 30 pips. Also you could have taken half off of your position around there and moved your SL up, even if you got stopped out at BE you would have still bagged some pips. Just a suggestion, good luck!
  • #3,331
  • Jan 30, 2012 9:18am Jan 30, 2012 9:18am
Quoting Awin
I really thought your TP was hit already...it was 1.3076 low at my platform...
Not yet because my broker spread 3 pips, so it closed to 1.3075... Huhuhuhu...
  • #3,332
  • Jan 30, 2012 9:21am Jan 30, 2012 9:21am
Quoting Oyapoke
Please X-Man, how you draw the 4H trendline in your 1H chart?
Thank you
Oyapoke
I attached an image to the post to show what i use to draw the trend line.

I went to the 4H chart i drew the trend line there so when i come back to my 1H chart it will dispaly it.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot002.jpg Size: 39 KB
X-man the legendary conqueror of markets
  • #3,333
  • Jan 30, 2012 9:30am Jan 30, 2012 9:30am
Quoting X-Man
I attached an image to the post to show what i use to draw the trend line.

I went to the 4H chart i drew the trend line there so when i come back to my 1H chart it will dispaly it.

Thank you very much!
  • #3,334
  • Jan 30, 2012 9:32am Jan 30, 2012 9:32am
Quoting AmaNZ
Not yet because my broker spread 3 pips, so it closed to 1.3075... Huhuhuhu...
it happens to me all the time too mate...

In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #3,335
  • Jan 30, 2012 9:33am Jan 30, 2012 9:33am
The previous 1 hour red candle that formed...would that be a signal to go short? I was looking at your candle analysis and there is a similar canlde you mention that you say you would skip or go short when comparing it to a pullback candle to go long
  • #3,336
  • Jan 30, 2012 9:33am Jan 30, 2012 9:33am
Quoting Awin
Geez X-Man, you're spot-on! PA did bounce on that 4HR trendline! You are one heck of a trader.

Have you thought of starting your own paid service? Are you a full time trader?

"Chance prefers the prepared mind!" and you're one heck of a prepared mind!

LOL thanks man. The more you look at charts the better you get.
Yes i am a full time trader.
No i cant have a paid service that would be wrong. I'm already making enough from trading .
I couldnt take money from traders that are still trying to get on their feet. Id rather give advice for free and see them succeed.
Theres $4 trillion in the market everyday. soon i'll be taking a huge chunk of it
X-man the legendary conqueror of markets
  • #3,337
  • Jan 30, 2012 9:37am Jan 30, 2012 9:37am
Quoting Awin
it happens to me all the time too mate...


Patience alone... If it does not permit, this alone stop near 100pips...
  • #3,338
  • Jan 30, 2012 9:41am Jan 30, 2012 9:41am
Quoting hale-mary
The previous 1 hour red candle that formed...would that be a signal to go short? I was looking at your candle analysis and there is a similar canlde you mention that you say you would skip or go short when comparing it to a pullback candle to go long
Yip i see what you mean, i did mention that its a candle to tradeor rather leave as you can see how many red candle have already formed since the asian session right up to now and TDI is closer to the 32 zone. as you can see we are bouncing off the 4H trend line or PA can break through that trend line. anything can happen so you must be prepared.

If PA doesnt have a strong bounce up then PA will walk upwards along the 4H trend line with a slow momentum.
X-man the legendary conqueror of markets
  • #3,339
  • Jan 30, 2012 9:51am Jan 30, 2012 9:51am
Quoting X-Man
LOL thanks man. The more you look at charts the better you get.
Yes i am a full time trader.
No i cant have a paid service that would be wrong. I'm already making enough from trading .
I couldnt take money from traders that are still trying to get on their feet. Id rather give advice for free and see them succeed.
Theres $4 trillion in the market everyday. soon i'll be taking a huge chunk of it
Hat's off to you my good man!
At first, I thought you're just a good trader! With just what you've said, I'm becoming a fan now!
A principle like yours is what makes a man great!
Please continue your great deed my friend!
It wouldn't surprise if one day you'll unseat Soros....hahahaha!!!!
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #3,340
  • Jan 30, 2012 9:56am Jan 30, 2012 9:56am
X-man did you go to the compass site to watch the videos or what specific videos did you watch? Trendlines are something I stink at but want to get better at.
5 traders viewing now