X-Man's Super Simple System | Page 258 | 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

  • #5,141
  • Edited 6:51am Feb 21, 2012 6:39am | Edited 6:51am
Quoting picon1
Been reading through this thread and trying get up to speed with this system. My main question I have is that I don't use MT4. I am a Tradestation user. What settings should I be using on the indicators to be able to get a similar result from Tradestation?
I also trade on the Tradestation at fxcm, but have a demo mt4 open for these kind of strategies.

Because I trade on the higher timeframes and this strategie is also on the 1h timeframe, it's not a lot of clicking and switching between the platforms.

Reason I trade on the Tradingstation is the info before I enter a trade. Upfront I can see how much margin it will take for a certain lot + the pipvalue, the lot size can be adjusted in that screen and the pipvalue and margin are changed right away. With the mt4 platform you have to calculate yourself.
  • #5,142
  • Feb 21, 2012 6:40am Feb 21, 2012 6:40am
Hi,

Well, no sellers interest since US session open and GBPUSD went south, EURGBP still in tug-of-war. Took risk and took the trade on DIB breakout. It's a wee too early without TDI cross.
Let's see how this will play out.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,143
  • Feb 21, 2012 6:41am Feb 21, 2012 6:41am
Hi Guys,

Posting my Live chart for today's EU. made 40pips on 1st trade today. So far I have only had 8 trades since 13th Feb, when I started trading this system live. win rate is 75% (2 losers), 1st was an error, traded the wrong way, closed for 2 pip loss, 2nd lost 27 pips. net profit is 105 pips, not wonderful, but I am still learning, so initially closed trades too early. If we keep at it, we can all do the 1,000 pips a month.

Thanks X-Man..
Attached Image (click to enlarge)
Click to Enlarge Name: EU 21 Feb Ldn.png Size: 75 KB
"It always seems impossible until it is done" Nelson Mandela
  • #5,144
  • Feb 21, 2012 6:49am Feb 21, 2012 6:49am
Quoting Rhino101
Hi Guys,

Posting my Live chart for today's EU. made 40pips on 1st trade today. So far I have only had 8 trades since 13th Feb, when I started trading this system live. win rate is 75% (2 losers), 1st was an error, traded the wrong way, closed for 2 pip loss, 2nd lost 27 pips. net profit is 105 pips, not wonderful, but I am still learning, so initially closed trades too early. If we keep at it, we can all do the 1,000 pips a month.

Thanks X-Man..
No problem buddy.

anything over 100 pips per week is excellent. Thats where i would set my success bar if i started trading this system.
As you trade this system more and more then you will start taking more pips.
X-man the legendary conqueror of markets
  • #5,145
  • Feb 21, 2012 7:33am Feb 21, 2012 7:33am
Entered Long at 1.3255 as tdi just crossed and PA bounced of the 60ma. Fingers crossed!!
  • #5,146
  • Feb 21, 2012 7:45am Feb 21, 2012 7:45am
I'm still short on the eur , x man u reckon it will go bk down?
  • #5,147
  • Edited 9:26am Feb 21, 2012 7:48am | Edited 9:26am
Rhino 101.........would you PLEASE post the session time display so i can download it atach to my chart. tnanks Don
  • #5,148
  • Feb 21, 2012 8:00am Feb 21, 2012 8:00am
No matter what I do...end result is a loss. Even when I try to apply the lessons learned. Will post chart below. This is one of those WTF moments. 1 day of success and rest is failure. PA is king is all I hear and read. This may be true But how in the world can you interpret what is going on, when you read something and think you got the analysis down and price turns and goes in the other direction majority of the time. So far all the lessons learned seems to apply for THAT specific trade senerio that particular day.

For example I saw the daily pivot, saw the opening of today, saw price reject it.(happened to be 50% of todays move) saw a pin bar form. Took it and it goes the other way. What did I not see?

I saw price hesistate at 1.3190 ( where it seemed unable to break a few times), saw trendline saw two red bars with higher closes.

Tdi? Yeah I saw it, didnt cross up at all at the time, still down.

This is why i keep saying there is something I am NOT seeing or failing to take into account. OR my interpretation is incorrect.


took 3 trades today.
first one was the one x-man took. set up stop a few pips above the high of the candle did not get hit. Target was the 200 mov at around 1.3180. price never went there and did not jump out of the trade as soon as I saw one red candle close higher or the next one either. I am pretty sure I will get a response saying that I should have gotten out after the first red closed higher. Well, when I go look back one candle or two closing higher is meaningless. Some trades phx62 took had lower, higher, or alternating closes and the price continued.

second trade, went long at second red arrow as it broke above the prior red candle with a higher close and price seemed to be struggling to break 1.3190.

trade 3 (happened when candle closed on 3nd arrow)...I took trade three due to the reasons explained in the example and the reason I got out of trade two. Also, this appeared to resemble feb 10 2012, with what phx62 did when he got out of his long position and went short.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 26 KB
  • #5,149
  • Edited 9:38am Feb 21, 2012 8:02am | Edited 9:38am
The Asian session set the high and low of the day, so PA making a big move during London is very unlikely.
First trade...long....at LO failed to continue above the high of the Asian...out at -1.
Second trade...short... based on pullback candle....good for +40.
Third trade...long....still open....currently up 34 pips with SL @ BE and TP @ 50.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.21.12.gif Size: 25 KB
  • #5,150
  • Feb 21, 2012 8:11am Feb 21, 2012 8:11am
Out with 30 pips in that long movement. Out as I have uni work to be getting on with.

Good luck

Graham
  • #5,151
  • Feb 21, 2012 8:26am Feb 21, 2012 8:26am
hey guys, lucky for me iam still in demo. Just when I thought I got the hang of it I really got batshit insane with that pin bar. Everybody is taking a long trade I would bet the farm with that pin bar for a short. What am I missing?
  • #5,152
  • Feb 21, 2012 8:30am Feb 21, 2012 8:30am
Hi X-man and all,

I used to trade the TMS some time ago but have been away learning PA for a while.
Well i am back now and this looks a good thread you have going here, so i will join in if it's ok with you?

Entered my first trades today.

1) short @ 1.3240 -30 pips
2) long @ 1.3238 + 30 pips

Ive had worst days, so lets see what tomorrow brings.
  • #5,153
  • Feb 21, 2012 9:11am Feb 21, 2012 9:11am
Quoting dutchdiva
hey guys, lucky for me iam still in demo. Just when I thought I got the hang of it I really got batshit insane with that pin bar. Everybody is taking a long trade I would bet the farm with that pin bar for a short. What am I missing?
me too. It's a loss. "Slaughtered" is very emotive. What am I missing? (and me.) Look left: bounce off resistance of 1.32 formed by Friday's high,yesterday's Asian range and today's Asian lows. Wise after the event. Blind during it.
Kan
PS not much space to left of pin bar either.
Thanks for your help, warmth and straight talking Heather.
  • #5,154
  • Feb 21, 2012 9:36am Feb 21, 2012 9:36am
Quoting Phx62
The Asian session set the high and low of the day making a big move during London very unlikely.
First trade...long....at LO failed to continue above the high of the Asian...out at -1.
Second trade...short... based on pullback candle....good for +40.
Third trade...long....still open....currently up 34 pips with SL @ BE and TP @ 50.
PA pooped out at the end of London....closed the long for +25.
  • #5,155
  • Feb 21, 2012 9:50am Feb 21, 2012 9:50am
Quoting emmanuel7788
Hi Jabloko,
For many years I traded with the traditional price bar OHLC and Japanese candlesticks. I used both bar/candle patterns and chart patterns.
When I discovered X-Man S3 using Synergy APBs and the way he uses it amazed me. So I studied it and since Jan incorporated this modified HA in my own intraday trading system.
It is how you interpret the APB or HA that matters and how you integrate this in your own trading.
The truth is my trust and reliance is still in the old faithful price bar. But my confidence grew when I have also the APB...
THX mate, so you combine both of them to get the results, o.k.
estote parati
  • #5,156
  • Feb 21, 2012 10:02am Feb 21, 2012 10:02am
Quoting hale-mary
No matter what I do...end result is a loss. Even when I try to apply the lessons learned. Will post chart below. This is one of those WTF moments.

.
Hi Hale Mary

If you post the trades by dragging the trade on to the chart it would make it easier to see your entries etc, I think it would be easier to help you like that. I am no expert but tried to see where your entry point were etc but its just too complicated like this.
  • #5,157
  • Feb 21, 2012 10:07am Feb 21, 2012 10:07am
X-MAN you are great, THX for your generosity.

Just got one question, I know that everything is on google nowadays and I really done my job looking for defining S&R areas but it seems to me that my S&R lines are most of the times missed somehow. Could you link me to some really proper material about S&R areas. What I mean is that maybe apart from looking at highs and lows there are some other criteria we have to take into account. Thanks in advance for help.

sorry for my english, I am learning both forex and english
estote parati
  • #5,158
  • Edited 12:00pm Feb 21, 2012 10:15am | Edited 12:00pm
Quoting only20gp
Hi Hale Mary

If you post the trades by dragging the trade on to the chart it would make it easier to see your entries etc, I think it would be easier to help you like that. I am no expert but tried to see where your entry point were etc but its just too complicated like this.
I have said this before but I use a trading station and it becomes difficult to keep track of two trades running at the same time. I dont use mt4 to trade. just to graph. I was off and on with a micro but will try demoing for a few days so ...yes i MIGHT be able to do a post that you want but my real account is not mt4 based.
  • #5,159
  • Feb 21, 2012 10:38am Feb 21, 2012 10:38am
Quoting bez3000
Hi X-man and all,

I used to trade the TMS some time ago but have been away learning PA for a while.
Well i am back now and this looks a good thread you have going here, so i will join in if it's ok with you?

Entered my first trades today.

1) short @ 1.3240 -30 pips
2) long @ 1.3238 + 30 pips

Ive had worst days, so lets see what tomorrow brings.
Im glad to have you on my thread buddy.
Welcome and wishing many pips to you.
X-man the legendary conqueror of markets
  • #5,160
  • Feb 21, 2012 10:42am Feb 21, 2012 10:42am
Quoting Jabloko
X-MAN you are great, THX for your generosity.

Just got one question, I know that everything is on google nowadays and I really done my job looking for defining S&R areas but it seems to me that my S&R lines are most of the times missed somehow. Could you link me to some really proper material about S&R areas. What I mean is that maybe apart from looking at highs and lows there are some other criteria we have to take into account. Thanks in advance for help.

sorry for my english, I am learning both forex and english
I would reccommend learning all the basics at http://www.babypips.com/school/ , go to the school tab . There you will learn everything about forex. then you come back to this thread for the system.
X-man the legendary conqueror of markets
3 traders viewing now