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X-Man's Super Simple System

  • #5,081
  • Feb 21, 2012 2:06am Feb 21, 2012 2:06am
Lots of mixed signals from the market this morning. Whilst the EU is in an uptrend, there is a bearish divergence on the 1hr. I'll probably stay out this morning and see what happens.
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  • #5,082
  • Feb 21, 2012 2:08am Feb 21, 2012 2:08am
Quoting X-Man
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.
Thank you X-Man you have been so generous with your time and explanation. For someone like me learning to trade, you have instill and re-affirm that profitable trading is possible. I am still learning but always grateful to all the contributors in this thread.
  • #5,083
  • Feb 21, 2012 2:10am Feb 21, 2012 2:10am
Quoting Flaviu1981
EP was the open of the candle (because TDI crossover). SL=TP=30P
well, for such narrow exits, good enough at day support 1.3221.
will be gone in a flash!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,084
  • Feb 21, 2012 2:19am Feb 21, 2012 2:19am
Quoting choco
Lots of mixed signals from the market this morning. Whilst the EU is in an uptrend, there is a bearish divergence on the 1hr. I'll probably stay out this morning and see what happens.
stayed aout as well but after i realized that on the 4 hr PA is looking like its going down in the next few candles. can anyone comment? either way, its too late already to enter this one.
  • #5,085
  • Feb 21, 2012 2:28am Feb 21, 2012 2:28am
I jumped in this trade.
I expected this set up to happen after the LO but seems it happened just before.
As you can see there is a bearish divergance and red and green TDI both under the MBL.

Watch out for daily pivot at 1.3221
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X-man the legendary conqueror of markets
  • #5,086
  • Feb 21, 2012 2:37am Feb 21, 2012 2:37am
Entered short at LO, got cold feet because of double bottom on daily pivot, exited with small profit.

Waiting now where it will go.
Thoughts are things
  • #5,087
  • Feb 21, 2012 2:46am Feb 21, 2012 2:46am
Cold feet here too but followed S3 1H rules and entered short @ 1.3253 with stop @ 1.3293.
  • #5,088
  • Feb 21, 2012 2:47am Feb 21, 2012 2:47am
Hello,

what kind of orders u use for entry:
- market execution with SL and PT
- stop order with SL and PT
- limit order with SL and PT
- other?

Thank u.
  • #5,089
  • Feb 21, 2012 2:52am Feb 21, 2012 2:52am
Entered short and got stopped out.....
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  • #5,090
  • Feb 21, 2012 2:55am Feb 21, 2012 2:55am
Quoting chamel
Hello,

what kind of orders u use for entry:
- market execution with SL and PT
- stop order with SL and PT
- limit order with SL and PT
- other?

Thank u.
I use only market excecution, for I always watch me skreen.
Thoughts are things
  • #5,091
  • Feb 21, 2012 2:59am Feb 21, 2012 2:59am
Quoting X-Man
I jumped in this trade.
I expected this set up to happen after the LO but seems it happened just before.
As you can see there is a bearish divergance and red and green TDI both under the MBL.

Watch out for daily pivot at 1.3221
Do you close the trade?! It seems that doesn't work!
  • #5,092
  • Feb 21, 2012 3:00am Feb 21, 2012 3:00am
Quoting chamel
Hello,

what kind of orders u use for entry:
- market execution with SL and PT
- stop order with SL and PT
- limit order with SL and PT
- other?

Thank u.
--------------------------------------------------------------------

Hi Chamel,

Personally, for this S3 Method, I use Market execution with SL and PT 1.

PT 2 is left open.

BTW, am currently in following trade since London Open :

EP : 1.32556

SL : 1.33050

PT 1 : 1.3205 or 1.3220

Will babysit and monitor this trade throughout.
  • #5,093
  • Feb 21, 2012 3:00am Feb 21, 2012 3:00am
Quoting jasonnevis
Entered short and got stopped out.....
Maybe the 4 hour isn't quite finished doing it's thing...

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It takes a lot for me to IGNORE you, but you can try.
  • #5,094
  • Feb 21, 2012 3:02am Feb 21, 2012 3:02am
Hi guys,

I have been reading this thread for a while and this is my first post. I have entered short on EUR/USD at 1.3236 and got stopped out at 1.3271. Will now monitor for next opportunity....
  • #5,095
  • Feb 21, 2012 3:02am Feb 21, 2012 3:02am
Ok just entered long as there appears to be some stong buying pressure!..
  • #5,096
  • Feb 21, 2012 3:03am Feb 21, 2012 3:03am
Took a long at 1.3242, SL at +10 right now
  • #5,097
  • Feb 21, 2012 3:12am Feb 21, 2012 3:12am
The commentary on our local news was something like :

"The Greek crisis is solved ... until next month, when they have to figure out how to pay back even more money".

The interesting times will continue!
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #5,098
  • Feb 21, 2012 3:13am Feb 21, 2012 3:13am
Quoting Liberum
Took a long at 1.3242, SL at +10 right now
Hi Liberum,

You took that long based on what at 1.3242 ?There was no clear S3 signal at that price.Respect the plan.
I wouldnt believe in a long right now unless we also see the round number 1.33 severly pierced.And by then the situation will be overbought on both H1 and H4 begging for a retracement.
I'd rather believe in a short in a few hours based on a retracement, ill wait for the system to show me the way.In the end we trade what we see
  • #5,099
  • Feb 21, 2012 3:18am Feb 21, 2012 3:18am
Quoting X-Man
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.
X-Man,

Thank you very much for your effort. This document is very complete and very good.

I have the following questions:
- For all EMA's, they are typicals?

- In the first chart in the document, I see that the first entry is long when clearly the trend was still bearish. Could you please explain why this post?

- Finally, I thank you if you can give us a template please, I've never been able to square the channel to make it look like yours.

Thank you very much.
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  • #5,100
  • Feb 21, 2012 3:21am Feb 21, 2012 3:21am
Quoting antantnz
The commentary on our local news was something like :

"The Greek crisis is solved ... until next month, when they have to figure out how to pay back even more money".

The interesting times will continue!
Spot on antantnz. Currently we have the most blatant world criminals steering the ship, they are robbing the whole world right before our eyes!
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