X-Man's Super Simple System | Page 213 | 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

  • #4,241
  • Feb 10, 2012 10:17am Feb 10, 2012 10:17am
Quoting Vantage
Order flow? That'll prob boggle my aging brain. Pull back candles on 1hr in trend ie 1hr higher lows/lower highs will for the most part give you all that you need. See the chart about 5 posts above to explain all.
LIKE
  • #4,242
  • Feb 10, 2012 10:24am Feb 10, 2012 10:24am
Quoting X-Man
If you had your daily pivots on you would notice that PA crept through the daily pivot during the asian session. Then at the LO there was a clear bounce off the pivot and PA went down.
A lovely short trade couldve been taken for 50 to 70 pips.
I had the daily pivot on the chart. Not for te post. Not sure when to use that tool for a bounce. Is it only the daily pivot point or both the pivot and the SR level for rejection and bounce trade.

I do have trouble deciding when to kill atrade or what to look for to get out of one.

I saw two pullback candles on the chart. The blue one mentioned and the candle after that was red and pulled back. In realtime, how do I know which is the valid one. I see this happen on the charts a few times.
  • #4,243
  • Feb 10, 2012 10:28am Feb 10, 2012 10:28am
Quoting hale-mary

I do have trouble deciding when to kill atrade or what to look for to get out of one.
That is the traders 6th sense.
Its developed with experience , time , dedication.

for some it will take a long time
X-man the legendary conqueror of markets
  • #4,244
  • Feb 10, 2012 10:33am Feb 10, 2012 10:33am
Quoting Phx62
10 trades this week.
9 winners.
1 loser.
+419 pips.
In retrospect, I should have only taken 8 trades.....I broke the rules of my trading plan to enter the Asian session trade on Thursday and I should not have taken the long Friday morning trade INTO resistance.
Overall a good week.
hello Phx62
first thank you for your clear explanation of how to use TDI
second i have one question regarding to the trade triggered on 7-2 ..15:00
your vertical line indicate the entry candle but as i notice in this candle neither the TDI was crossed nor the previous candle ( red candle ) cross the MA .. so was this candle near S&R ... what reason did you take in your consideration in this trade ....
  • #4,245
  • Feb 10, 2012 10:34am Feb 10, 2012 10:34am
Quoting Vantage
Order flow? That'll prob boggle my aging brain. Pull back candles on 1hr in trend ie 1hr higher lows/lower highs will for the most part give you all that you need. See the chart about 5 posts above to explain all.
I agree. they basically talking more or less about a pull back candle, Making it sooo mysterious.

i dug that rabbit hole a long time ago. I'm one step ahead of those guys.
X-man the legendary conqueror of markets
  • #4,246
  • Edited 11:10am Feb 10, 2012 10:34am | Edited 11:10am
Quoting hale-mary
I had the daily pivot on the chart. Not for te post. Not sure when to use that tool for a bounce. Is it only the daily pivot point or both the pivot and the SR level for rejection and bounce trade.

I do have trouble deciding when to kill atrade or what to look for to get out of one.

I saw two pullback candles on the chart. The blue one mentioned and the candle after that was red and pulled back. In realtime, how do I know which is the valid one. I see this happen on the charts a few times.
Hi hale mary

My 2c worth. Always ask what happened and what was the reaction.

Your eur up candle buy. OK what happened - 40 pip ish strong candle little/no upper wick should = move up. Reaction - no follow through immediately followed by neg close candle forming a 1hr lower high.

A good candle move should have an appropriate reaction if not then theres something afoot.

And for what its worth there did seem to be a good base around 3250 looking back over last few days giving decent chance of a move up even if only to the highs of last few days. Against that the last 2 days general struggle higher did hint that we may be getting to top and just maybe the start of move down may be coming. One of those it can be a buy and sell day off 1hr IMHO.
  • #4,247
  • Feb 10, 2012 10:46am Feb 10, 2012 10:46am
Quoting wrenski
Sounds as though you will need to buy Darkstar's book to get the answers somewhat revealed. I have bitten on these teases before and they so far have turned out to be hoaxes. A true example of smoke and mirrors is TKPower8's ATM.
Hi Wrenski

I can totally appreciate why you would think this.

it wasnt that long ago that Darkstar was NOT a commercial member, he wrote some very educational pieces on order flow and the like, i think it was 07-08, so it was a while ago.

I have just been looking to find said article i have also noticed he is now a commercial member, I have NOT read his book so by no way advocate
the buying of his book....

Some of the articles i am talking about are either here on FF or they have been deleted by darkstar, because of the new book ??.

All I can say, is that it opened my trading to a new dimension,
there is no Aston Martin parked on the drive if you get to know this information,
that was just a white elephant thrown in for good measure.....

Its just more knowledge on this subject will certainly help you down the path of trading The forex markets.
I will try and find the post ( he has over a 1,000 posts ! )

Ja.
Memories caught in time but never forgotten
  • #4,248
  • Feb 10, 2012 10:53am Feb 10, 2012 10:53am
Quoting X-Man
I agree. they basically talking more or less about a pull back candle, Making it sooo mysterious.

i dug that rabbit hole a long time ago. I'm one step ahead of those guys.
OK, Sorry guys for throwing the Order flow thing into the ring.....

I like to know where the interbanks like to stop hunt...but its not for everyone.

Please except my appologys,

Ja
Memories caught in time but never forgotten
  • #4,249
  • Feb 10, 2012 11:31am Feb 10, 2012 11:31am
Too bad it's Friday evening. The price is resting nicely on the 200 ema. Over the past days/weeks we have seen a reversal on this level.

Well, nothing we can do about it. I won't take any new trades now, will see again on Monday.

Have a great weekend all!
  • #4,250
  • Feb 10, 2012 1:09pm Feb 10, 2012 1:09pm
Quoting HITMAN
hello Phx62
first thank you for your clear explanation of how to use TDI
second i have one question regarding to the trade triggered on 7-2 ..15:00
your vertical line indicate the entry candle but as i notice in this candle neither the TDI was crossed nor the previous candle ( red candle ) cross the MA .. so was this candle near S&R ... what reason did you take in your consideration in this trade ....
SEE POST #3960. I explained my reason for taking that trade in that post.
  • #4,251
  • Feb 10, 2012 1:45pm Feb 10, 2012 1:45pm
Any1 seeing a good set up on H4 AUD/USD?
  • #4,252
  • Feb 10, 2012 2:24pm Feb 10, 2012 2:24pm
Quoting emmanuel7788
Hi,

See attached chart.
Do you know which TDI version you have on your trading chart?
When you start MT4 and open your charts, it all look the same.
But in realtime, there are some differences and these can cause you problems when you use TDI cross and TDI bounce.

Study the attached chart carefully and spot the differences in realtime mode.
I used GBPJPY just few hours ago to illustrate the differences which are captured in realtime.

Never trust and rely solely on technical indicators. The only thing you must trust on your charts is the price...

Hi Emmanual, thank you for posting this information.

I am using the TMSwatchDog TDI indicator. I am not sure if this one is the real time version you are referring to...


Could you please post the realtime indicator?

To be honest I haven't even been looking at the TDI that offen when placing trades, price shows you the way!
  • #4,253
  • Feb 10, 2012 2:26pm Feb 10, 2012 2:26pm
Quoting robthorp
Demo traded myself a nice 30 pip gain this morning on 1Hour E/U.
Shorted the start of 11:00 GMT candle after 10:00 GMT pullback. Could have taken more profit (at the moment i would have been +70) but i guess thats all part of learning!
Most important thing is that it was a winner, anyone else trade this?
Well done, exactly at least your a winner! Missed it here
  • #4,254
  • Feb 10, 2012 2:45pm Feb 10, 2012 2:45pm
Quoting SuperNoobie
Any1 seeing a good set up on H4 AUD/USD?

Good question, i just started backtesting this method and noticed this today.
  • #4,255
  • Feb 10, 2012 2:50pm Feb 10, 2012 2:50pm
I just wanted to thank X-Man, Phx62 and all the other great contributors to this great thread. I wasn't able to trade everyday this week. Today,first trade went long on a late entry ( wasn't in front the computer earlier) but closed this trade for -20 pips. Second trade, went short and got +81 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: chart pic 1.gif Size: 18 KB
Trading can't be taught but it can be learned
  • #4,256
  • Feb 10, 2012 3:10pm Feb 10, 2012 3:10pm
Your weekly charts are a blessing!

Could you tell me the name of the adr indy u use? Im looking for something minimalistic like that but no success.
Thoughts are things
  • #4,257
  • Feb 10, 2012 3:17pm Feb 10, 2012 3:17pm
Quoting Phx62
10 trades this week.
9 winners.
1 loser.
+419 pips.
In retrospect, I should have only taken 8 trades.....I broke the rules of my trading plan to enter the Asian session trade on Thursday and I should not have taken the long Friday morning trade INTO resistance. Normally I would have waited for the Asian session high to be broken on the first candle of the London session. If I had done that, I would not have incurred a loss there.
Overall a good week.
Hi Phx62

I have recently started following your weekly analysis of your trades and your results are truly amazing. I am looking up my chart and trying to emulate your trade entries as my learning to trade. However I am not clear on how you entered your +150 trade on 7 Feb because I could not see a trigger candle? Hope you can elaborate that entry for that trade please. Thanks so much.
  • #4,258
  • Feb 10, 2012 3:37pm Feb 10, 2012 3:37pm
Quoting j4d
OK, Sorry guys for throwing the Order flow thing into the ring.....

I like to know where the interbanks like to stop hunt...but its not for everyone.

Please except my appologys,

Ja
Hey Man - I am glad you threw the info into the ring. It has a lot of merit but I am not going to buy in. If you find some old information from Darkstar I would love to read it.

There is so much free info here from the likes of X-Man, Phx62 and many others that I see no need in looking any further.
  • #4,259
  • Feb 10, 2012 3:37pm Feb 10, 2012 3:37pm
Quoting Quezoy
Your weekly charts are a blessing!

Could you tell me the name of the adr indy u use? Im looking for something minimalistic like that but no success.
Here is that indicator.
Attached File(s)
File Type: mq4 xADR_0.1.mq4   4 KB | 1,575 downloads
  • #4,260
  • Feb 10, 2012 3:39pm Feb 10, 2012 3:39pm
Quoting Phx62
10 trades this week.
9 winners.
1 loser.
+419 pips.
In retrospect, I should have only taken 8 trades.....I broke the rules of my trading plan to enter the Asian session trade on Thursday and I should not have taken the long Friday morning trade INTO resistance. Normally I would have waited for the Asian session high to be broken on the first candle of the London session. If I had done that, I would not have incurred a loss there.
Overall a good week.
Very, very nice as usual my friend!!!
13 traders viewing now