X-Man's Super Simple System | Page 254 | 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

  • #5,061
  • Feb 20, 2012 3:47pm Feb 20, 2012 3:47pm
Quoting rim47
I am a little late in staying up with the thread today, taking the day off due to the holiday in the US. When looking for a confirming close outside a Malone PAC it is not price that must close outside the channel but the Synergy bar must close outside the channel. When you took the trade earlier it was price that was just sitting at the channel and the Synergy was still in the channel. Evne though the PAC is not used in X-man's system it is a very safe conservative confirmation. I have used Malone's method for about four years.

Might I suggest...
Thanks for your input mate.IIRC the APB candle did have its body close outside PAC, for a short period though.
  • #5,062
  • Feb 20, 2012 6:00pm Feb 20, 2012 6:00pm
markets moving right now.
Should we take any trade? there are pretty nice setups..

Anybody watching?
let's skype: @elchinoazul
  • #5,063
  • Feb 20, 2012 6:25pm Feb 20, 2012 6:25pm
Quoting Rodcisal
Anybody watching?
Watching, but waiting in case something sudden happens if there's an announcement about the Greek nonsense.
My favorite crochet hook is size J. It's a J-Hook!
  • #5,064
  • Feb 20, 2012 6:41pm Feb 20, 2012 6:41pm
Quoting sarmatius
Thanks for your input mate.IIRC the APB candle did have its body close outside PAC, for a short period though.
Readings of the indicators could be a difference in brokers, I use IBFX and the readings are APB close of 1.3198 and the lower channel (5 smooth,low 0 shift) is 1.3194. I have a demo at FXDD and it too has the APB closing in the channel.

I will check my version of the APB that could also be the difference.
  • #5,065
  • Feb 20, 2012 6:50pm Feb 20, 2012 6:50pm
Quoting prftablefool
Missed the TP by 2-3 pips twice so I am wondering is it going to hit my TP or SL
Finallly hit the SL - Next please.
Forex is boring but profitable with patience and discipline
  • #5,066
  • Feb 20, 2012 9:19pm Feb 20, 2012 9:19pm
Quoting Phx62
I am always cautions when the Asian moves more than 60 pips in one direction because reversals usually do not happen....that is why I waited for price to pull above the last red candle.
Hope this helps.
Hi again Phx62,

Yes it does and thank you so much for your insights. Indeed you are very consistent and from backtesting the above comment is so true.
  • #5,067
  • Feb 20, 2012 9:21pm Feb 20, 2012 9:21pm
greek bailout reached, TDI crossed, took a long trade at 1.3238
  • #5,068
  • Feb 20, 2012 9:35pm Feb 20, 2012 9:35pm
Quoting Con
greek bailout reached, TDI crossed, took a long trade at 1.3238
You're brave. Congrats.
My favorite crochet hook is size J. It's a J-Hook!
  • #5,069
  • Feb 20, 2012 11:53pm Feb 20, 2012 11:53pm
Quoting Rodcisal
markets moving right now.
Should we take any trade? there are pretty nice setups..

Anybody watching?
Sorry to ask you this... We not suppose to wait for TDI cross until london open?
  • #5,070
  • Edited Feb 21, 2012 12:16am Feb 20, 2012 11:54pm | Edited Feb 21, 2012 12:16am
Hi,

Current view of the PA before Frankfurt DAX opening soon.
My longer term view is bullish.
Stick to my Big Picture that the 3-waves correction , and we are in the 3rd wave up, ... before the next new wave.

Be mindful of the week06 high and week 07 high which is toppish resistance to overcome. Hence the ride up may not be that smooth and can be choppy and prolong. H1 traders need to be nimble with entry and exits as usual. H4 traders will need bigger stops ~105pips.

What do you make out of the last three H1 candle?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 21 Feb PA GMT0545.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,071
  • Feb 21, 2012 12:01am Feb 21, 2012 12:01am
Quoting chiche
Sorry to ask you this... We not suppose to wait for TDI cross until london open?
Rule #1 - Price Action precede all indicators signal, including TDI signals.
Rule #2 - Follow Rule #1
Rule #3 - Follow Rule #2

If you read through all the posts in this thread, you will learn how a super trader Phx62 make his trade entries.
Go back study all his weekly trades posts.

Trade the smart way!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,072
  • Feb 21, 2012 12:28am Feb 21, 2012 12:28am
Quoting emmanuel7788
Hi,

Current view of the PA before Frankfurt DAX opening soon.
My longer term view is bullish.
Stick to my Big Picture that the 3-waves correction , and we are in the 3rd wave up, ... before the next new wave.

Be mindful of the week06 high and week 07 high which is toppish resistance to overcome. Hence the ride up may not be that smooth and can be choppy and prolong. H1 traders need to be nimble with entry and exits as usual. H4 traders will need bigger stops ~105pips.

What do you make out of the last three H1 candle?
Interesting on your chart how well the fib levels for the range have been respected so far. Price is having another try at the 88.6 level as I type.
Do you have a method for defining the waves of the correction? When I look at this chart, I find it difficult to identify them
  • #5,073
  • Feb 21, 2012 12:34am Feb 21, 2012 12:34am
Quoting ljin
hello x-man,
how can you define upward momentum using synergy?

p.s: is there any tips to see price movement using this bar? i have a hard time to see price movement using this bar xD. there was a time that i thought the market has a little movement (small bar) but in reality it was not. same as large bar, and in reality it move only a few pips.
Well when theres small tiny bodies with long wicks on both sides thats when PA is consolidating.
When the bodies are big and the wicks are small then theres strength from one side.
X-man the legendary conqueror of markets
  • #5,074
  • Feb 21, 2012 1:23am Feb 21, 2012 1:23am
I'm new to this HA method.. lloking on H1 eurusd now.. should we look for short?when can we enter given current situation..
  • #5,075
  • Feb 21, 2012 1:26am Feb 21, 2012 1:26am
Goodmorning guys

Heres the updated PDF for the 4H system.
Please have a look at it and let me know if theres things thats unclear.
Attached File(s)
File Type: pdf s3 4h.pdf   335 KB | 1,069 downloads
X-man the legendary conqueror of markets
  • #5,076
  • Feb 21, 2012 1:56am Feb 21, 2012 1:56am
Who will enter short at the open of the next candle?!
  • #5,077
  • Feb 21, 2012 1:59am Feb 21, 2012 1:59am
Do not seem to me that price action is actually going to bring the price down. Will stay out of this
  • #5,078
  • Feb 21, 2012 1:59am Feb 21, 2012 1:59am
Quoting Flaviu1981
Who will enter short at the open of the next candle?!

what EP, SL and TP do you have in mind?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,079
  • Feb 21, 2012 2:00am Feb 21, 2012 2:00am
made bad entry at 1.3236... now -20.. ::crying
  • #5,080
  • Feb 21, 2012 2:04am Feb 21, 2012 2:04am
Quoting emmanuel7788
what EP, SL and TP do you have in mind?
EP was the open of the candle (because TDI crossover). SL=TP=30P
5 traders viewing now