X-Man's Super Simple System | Page 243 | 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

  • #4,841
  • Feb 17, 2012 2:04am Feb 17, 2012 2:04am
Quoting X-Man
[color=Blue][size=3]Today i wont be taking any trades. Just want to kick back alil and not look at charts.
Although my analysis for today would be sell as PA is at the 200EMA and would bounce down
But be careful anything can happen.
PA might break the 200EMA so keep your eyes open and be alert.

My weekly report
E/U 1H :
Pips won : 260
pips lost : 0
Total pips : 260

Trades taken on E/U 1H : 5 trades (100% win)

4H charts
Pips won 80
pips lost 0
Total : 80

Trades taken : 1 Trade

Total for the week : 340 pips

Have a nice weekend everyone...

Hi X-MAN,
Could you please post your 4 hr trade please.
  • #4,842
  • Feb 17, 2012 2:12am Feb 17, 2012 2:12am
Can someone correct me please?

No trade long trade because:
1. Close to high of previous day
2. Totaly flat TDI with random crosses
3. Support of 200SMA

Would anyone consider going short after breaking lows of last and second the last candle (1.3115)?
Remember I'm a newbie!
  • #4,843
  • Feb 17, 2012 2:13am Feb 17, 2012 2:13am
Quoting X-Man
Another useful moving average for the 1H chart is the 89EMA.
I noticed Dcginc using this moving average and many other Professional traders.
Add it to your chart while back testing and notice what it does.

seems to be good for detecting bounces but that is too many mov avg for me to keep track of. have the 200 ema and 89 ...lol
  • #4,844
  • Feb 17, 2012 2:14am Feb 17, 2012 2:14am
Quoting X-Man

Although my analysis for today would be sell as PA is at the 200EMA and would bounce down
But be careful anything can happen.
PA might break the 200EMA so keep your eyes open and be alert.
Hi X-Man. Appreciate all the effort you have put in to help us newbies understand and profit from your system. It is something unheard of. I mean some one helping others to make money. That is very selfless act. Commendable.

I have a question. You have mentioned a few minutes back that the PA is at 200 EMA and could bounce or break through.

On my 4 Hour Chart the PA is below the 200 EMA (RED)

Have I done something wrong?

I am attaching my chart as is. Kindly advise. My broker is on GMT time.

Appreciate your help.

DD
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4 hr.gif Size: 24 KB
  • #4,845
  • Feb 17, 2012 2:16am Feb 17, 2012 2:16am
Eu open and LO, both candles showing us how PA is smashing its head on hourly 200 EMA.Judging by the TDI position (upper zone, around 68 line) and the downtrend we've seen the last few days, its only logical that today we might see a retest of the 1.3 round number support.
I'm waiting for firm PA and TDI cross down for my short.
  • #4,846
  • Feb 17, 2012 2:20am Feb 17, 2012 2:20am
Quoting krishari
Hi X-MAN,
Could you please post your 4 hr trade please.
Here you go.
It was a normal TDI cross down.
TDI was below the market base line so that shows bearish move.
PA was in a downtrend creating lower highs.
PA touched the top off the channel so PA usually crosses the 60EMA to change trend
PA bounced off a supply zone for futher confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 129 KB
X-man the legendary conqueror of markets
  • #4,847
  • Feb 17, 2012 2:22am Feb 17, 2012 2:22am
Quoting mierzyk
Can someone correct me please?

No trade long trade because:
1. Close to high of previous day
2. Totaly flat TDI with random crosses
3. Support of 200SMA

Would anyone consider going short after breaking lows of last and second the last candle (1.3115)?
I am in for a short currently. When price dipped two bars ago, there was a TDI cross on my charts, but the picture below shows TDI has repainted since then.

I am expecting a bounce off 200ema.
Attached Image
  • #4,848
  • Feb 17, 2012 2:26am Feb 17, 2012 2:26am
Quoting Dildubai
Hi X-Man. Appreciate all the effort you have put in to help us newbies understand and profit from your system. It is something unheard of. I mean some one helping others to make money. That is very selfless act. Commendable.

I have a question. You have mentioned a few minutes back that the PA is at 200 EMA and could bounce or break through.

On my 4 Hour Chart the PA is below the 200 EMA (RED)

Have I done something wrong?

I am attaching my chart as is. Kindly advise. My broker is on GMT time.

Appreciate your help.

DD
Nope not at all.
You see the 200EMA on different TFs will show you different things because the 200 EMA on 1H is measuring 200 of the 1H candles and the 200EMA on the 4h chart meausures 200 of 4H candles.
so 200 of 4H candles is a much longer period than the 200 period of 1H candles.

add a 60EMA to your 4H charts and see where the candles are ..
On my 4H chart i always keep 200EMA and the 60EMA.
On my 1H chart i just keep the 200EMA
X-man the legendary conqueror of markets
  • #4,849
  • Feb 17, 2012 2:29am Feb 17, 2012 2:29am
Quoting mierzyk
Can someone correct me please?

No trade long trade because:
1. Close to high of previous day
2. Totaly flat TDI with random crosses
3. Support of 200SMA

Would anyone consider going short after breaking lows of last and second the last candle (1.3115)?
4. TDI is near 68 zone ?
  • #4,850
  • Feb 17, 2012 2:30am Feb 17, 2012 2:30am
Hi Phx62,

Can I have a question considering your yesterdays trade .. it looks that you entered around 1.3010 .. does this mean that you did not waited for the first blue candle to be closed?
  • #4,851
  • Feb 17, 2012 2:30am Feb 17, 2012 2:30am
Quoting Dildubai
Hi X-Man. Appreciate all the effort you have put in to help us newbies understand and profit from your system. It is something unheard of. I mean some one helping others to make money. That is very selfless act. Commendable.

I have a question. You have mentioned a few minutes back that the PA is at 200 EMA and could bounce or break through.

On my 4 Hour Chart the PA is below the 200 EMA (RED)

Have I done something wrong?

I am attaching my chart as is. Kindly advise. My broker is on GMT time.

Appreciate your help.

DD
--------------------------------------------------------

Hello DD,

X-Man is talking about S3 - H1 system and refering to H 1 Chart.

You are looking at your H 4 Chart.

Please review H 1 Chart and you will notice that current price is still below 200 EMA.

Hope this clarifies.

Regards.

Edit : PS. Sorry for my jumping in.

X-Man has already answered you in detail.
  • #4,852
  • Feb 17, 2012 2:31am Feb 17, 2012 2:31am
Check out the divergence, could be in for a nice move down...
Attached Image (click to enlarge)
Click to Enlarge Name: New Bitmap Image.gif Size: 22 KB
  • #4,853
  • Feb 17, 2012 2:41am Feb 17, 2012 2:41am
Quoting jasonnevis
I am in for a short currently. When price dipped two bars ago, there was a TDI cross on my charts, but the picture below shows TDI has repainted since then.

I am expecting a bounce off 200ema.
Hi Jason, I suspect a retrace too. However I am cautious that this could be a trend breakout? In which case we would see price pull back to test the trend line before resuming long. Also notice the confluence of the 38.2 fib and DPP under the trend line (market by the red arrow). I will be very cautious today. Good Luck.

Thanks X-Man and everyone for making this such a great site.
Attached Image
  • #4,854
  • Feb 17, 2012 2:50am Feb 17, 2012 2:50am
Hi Xman, I have been scouring the past 100 pages of this tread and I think we are all privileged to be able to learn this system. Thank you for your generousity.

I still have some unclear pointers that I hope to get clarify. Appreciate if you can help me out here :

1) I'm still unclear how we determine the type of entry(long or short).
Is it based on PA for that particular session? ie London open & NY open. or simply based on the pullback candle?

2) If so, how does the pull back candles help us? For eg, if the previous candles before the london session are bullish and then on the 1st hour of London opening there is a pullback, do we go long or short?


3) Does the 4EMA play any role in determining our trades?

Thanks in advance. God bless.

Warmest Regards.
  • #4,855
  • Feb 17, 2012 2:50am Feb 17, 2012 2:50am
So everybody and his dog is waiting to go short. Me included.
I'll be carefull for a stop gunning today, especially if the breaks doesn't come till noon GMT.
  • #4,856
  • Feb 17, 2012 3:03am Feb 17, 2012 3:03am
Quoting shoot2scoot
Hi Jason, I suspect a retrace too. However I am cautious that this could be a trend breakout? In which case we would see price pull back to test the trend line before resuming long. Also notice the confluence of the 38.2 fib and DPP under the trend line (market by the red arrow). I will be very cautious today. Good Luck.

Thanks X-Man and everyone for making this such a great site.
Thanks Shoot, I hear what you say and is certainly a possibility. Lets see how this trade plays out, and watch if and when it reaches that confluence area and monitor price action.

The market can do anything it likes and your suggestion is certainly an option.
  • #4,857
  • Feb 17, 2012 3:05am Feb 17, 2012 3:05am
Quoting orionhan
Hi Xman, I have been scouring the past 100 pages of this tread and I think we are all privileged to be able to learn this system. Thank you for your generousity.

I still have some unclear pointers that I hope to get clarify. Appreciate if you can help me out here :

1) I'm still unclear how we determine the type of entry(long or short).
Is it based on PA for that particular session? ie London open & NY open. or simply based on the pullback candle?

2) If so, how does the pull back candles help us? For eg, if the previous candles before the london...
The entire system is not based on only pullback candles.
The purpose of a pullback (reversal / pinbar) candle is for us to enter the market earlier than normal.
for example : PA is bullish for the past few hours then the current candle froms a new high but then starts reversing leaving a long upper wick and closes below the open. Then from here i would enter short. If we look at TDI we will notice a sharp hook down but no cross.
So we are entering early.
Just remember the longer the wick the better.

Other than that we will trade normally using PA to see for momentum breaking previous candles highs or lows and look at TDI to confirm the cross.
We enter on the first candle when highs or lows are broken or we can enter on the opening of the secong candle.
I will not enter on the 3rd or 4th candle.
Ill re-enter if theres a bounce on TDI which tells us a further push in the same direction.
Ill enter the bounces off the 200EMA and the daily pivot confirming them with TDI crosses.
When the asian session is narrow and has a tight range then ill trade the break in the asian session at LO.

The 4EMA you can use it to determine when PA crosses and closes on the other side of the EMA then there might be a change in direction
X-man the legendary conqueror of markets
  • #4,858
  • Feb 17, 2012 3:11am Feb 17, 2012 3:11am
[quote=X-Man;5393952]
Quoting littlebunny

No problem , im glad i could help.
I graduated in auditing and accounting so Money management and Mitigating risk are all second nature to me.
When i chose to trade forex full time my parents thought they wasted all that fees for nothing LOL but now they seeing my talent they not saying a thing i can see them only smiling
I am a retired Accountant and Money Management has kept me in this business for the past 3 years, without good Money Management you are doomed. Of course there are other area to consider in Forex, but to me Money Management is one of the key areas that will make you or break you.

Good Luck
  • #4,859
  • Feb 17, 2012 3:15am Feb 17, 2012 3:15am
hi has anyone tried this tdi
Attached File(s)
File Type: mq4 TDI-With_Alerts.mq4   24 KB | 389 downloads
  • #4,860
  • Feb 17, 2012 3:21am Feb 17, 2012 3:21am
GBP - Retail sales in 10min.

May be a big mover to the downside if news is bad. I suspect, EURUSD is not making any movement until this news.
1 trader viewing now