X-Man's Super Simple System | Page 260 | 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

  • #5,181
  • Feb 21, 2012 7:14pm Feb 21, 2012 7:14pm
Quoting cajun
I have been following Nial Fuller for quite some time and really enjoy his videos, very educational.
Yeah I WASTE a lot of money on Nial Fuller's Price action system... He gives zero support... Never gives a clear commitment ...... and NEVER posts any trades, or suggests anything.. my advice is DON"T WASTE YOUR MONEY you get so much more here for free..
"It always seems impossible until it is done" Nelson Mandela
  • #5,182
  • Feb 21, 2012 8:16pm Feb 21, 2012 8:16pm
Quoting Phx62
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.
Hi Phx62,

Could you tell us the reasons you went long at the LO? I noticed the previous candle was red almost like a pulldown candle and the TDI crossed down. Thanks.
  • #5,183
  • Feb 21, 2012 8:26pm Feb 21, 2012 8:26pm
Quoting hale-mary
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.
Hale-Mary,

I also took the same trade and set SL=50, TP=50 like Phx62 normally does. And just like you SL did not get hit but then TP was hit later.

Remember X-Man says R:R = 1:1 initially so probably your TP at 1.3180 which is like 70 pips was too high?
  • #5,184
  • Feb 21, 2012 9:11pm Feb 21, 2012 9:11pm
Quoting Phx62
There was no TDI cross for a long until the open of the following candle (after the one you marked with a red arrow). By the time your red arrow candle closed, it had already pulled back, leaving a long upper wick, indicating no entry for me. And as I stated in the previous post, I was already in a short trade that went nowhere.....ranging London session so far today.
hello Phx62,
currently i am reading all your comments, and i encountered this. my question is. is not that a long upper wick indicate strong buy? or what it count as strong buy is when the candle open with long upper wick?
Thank you
  • #5,185
  • Feb 21, 2012 9:25pm Feb 21, 2012 9:25pm
Quoting Phx62
Nice move up from LO with the help of some news. TDI crossed at the open of the first candle of the London session and the candle turned blue....waited for it to cross the 200 EMA and move higher than the last red candle, then entered.....there was some consolidation in the 2nd & 3rd hour....moved SL 5 pips behind previous candle each time.....if PA had reversed I would have still been taken out with a profit.....PA did not reverse....continued and hit my TP. +217 pips for the week on 4 trades, so far.
hello again phx62,
sorry if i bother you with old post #3511 page 235. how do you know the price will go up for more pips? if i were you, probably i just close my order at the closed of 3rd candle(first candle that closed below the open) instead of 5th candle where you close your trade.
  • #5,186
  • Feb 21, 2012 10:09pm Feb 21, 2012 10:09pm
Hi Emmanuel,

I have quite a philosophical question to ask you. In my understanding, technical analysis and price action work because they are self-fulfilled by traders who follow them, right? My point is, can we think that EG price action is merely the reflection of how people trade EURUSD and GBPUSD (which are the two most common pairs)??? If it's just a reflection, would any technical analysis valid on its own chart? I'm not saying nobody in the world is looking and try to trade on EG, but the number should be a lot less than the two major ones, thus being under the effect of those two instead...

Quoting emmanuel7788
Hi,

As mentioned in another post, attached chart to explain what I see.

Use S3 H4 method for setup and entry. Manage to maximise profit.

Note: pip value for EG is USD15.70. So for a smaller pip range move but more money in your bank.

Good Trading!
  • #5,187
  • Feb 21, 2012 10:10pm Feb 21, 2012 10:10pm
Quoting emmanuel7788
Hi Gwsands,
Sorry for this late reply. It was a busy morning yesterday and missed some posts.

[font=Verdana][size=3][color=black][color=black][font=Verdana]First, note that the level 1.3269 was a spike on 21 Dec 2011. That spike has some significance because it was days before the Christmas holidays. Some of you may recall what happened that day. If...
Hi Emmanuel7788,

Many thanks for your explanation. I will not pursue the harmonics discussion here but I have a lot of material by Scott Carney so now I know a little more of what you are doing. I must admit I have been trying to stick with the 'trading made simple' notion but I understand the benefits of identifying potential reversal and continuation patterns on higher timeframes.
  • #5,188
  • Feb 21, 2012 11:33pm Feb 21, 2012 11:33pm
Phx & X,

I just wanted to say what a huge difference it makes that you also post trades that don't go the way you had planned. Over the last two days I've been caught out on the same trades you have, and although it's frustrating, it's nice to know that I'm not alone ... and it's also a reminder that the market may give a lot but it will always take occassionally. Now I just have to make sure I take the same good trades as you guys ...

... unfortunately, living in NZ is not my friend right now, as I seem to be fast asleep when the good moves do happen in late London / NY open!
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #5,189
  • Feb 22, 2012 12:12am Feb 22, 2012 12:12am
Symmetrical triangle...
Attached Image (click to enlarge)
Click to Enlarge Name: New Bitmap Image.gif Size: 14 KB
  • #5,190
  • Feb 22, 2012 12:48am Feb 22, 2012 12:48am
Early days but this is shaping up like a key reversal candle with Stoch's at 80 as well. It would be good if the close could stay below the DPP, which is right on the point of a flag which has formed. At this rate we would also get a TDI cross at 09.00hr(UK)
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1h.gif Size: 34 KB
  • #5,191
  • Feb 22, 2012 1:02am Feb 22, 2012 1:02am
hello x-man and phx62 or any senior trader here,
here is my e/u chart .

i saw 3 pullback candles on the chart( mark with checklist icon above the candle .
my question is :
1 . how can we spot that the pullback candle are a fake on 1st and 2nd checklist? ( true that it doesnt show crossover on TDI. but if i werent wrong when that 2nd checklist candle open. it was suppose to cross on TDI due to pa that high)
2. and again the same happening with 2nd fake pullback candle on 2nd checlist icon. it makes a low and close above the open indicate that the price going to move up but it bounce and making another pullback candle.

if i were to trade at first pullback and leave the pc, i would get pips because the price going down , even though the price was down and up and down again.
but if i were to monitor my trade, i would close my trade at the pullback on 2nd checklist candle(2nd pullback candle) and then re enter at 2nd red bar.

what would you do if you were me? would you correctly enter after the 3rd pullback candle ?

after i look again. is it because the pullback candle on 1st and 2nd checklist have a bottom long wick?

sorry for my bad English and a mess in my chart ( i cant find any good session indicator that only making a square box like phx62)
Attached Image (click to enlarge)
Click to Enlarge Name: check sign.jpg Size: 214 KB
  • #5,192
  • Feb 22, 2012 1:15am Feb 22, 2012 1:15am
Quoting ljin
hello x-man and phx62 or any senior trader here,
here is my e/u chart .

i saw 3 pullback candles on the chart( mark with checklist icon above the candle .
my question is :
1 . how can we spot that the pullback candle are a fake on 1st and 2nd checklist? ( true that it doesnt show crossover on TDI. but if i werent wrong when that 2nd checklist candle open. it was suppose to cross on TDI due to pa that high)
2. and again the same happening with 2nd fake pullback candle on 2nd checlist icon. it makes a low and close above the open indicate that the...
Candle 1 is not a pullback candle - its just a normal candle
Candle 2 is a slight pullback candle - The reason why i wont go long here is because firstly TDI is below MBL. secondly we seen a bearish divergance. So our analysis shows us tells us we waiting for a short. If i wanted to go long i would need more confirmation firstly
Candle 3 is pullback candle- the reason why i would trade this is becuase is confirms my analysis of the bearish divergance , TDI cross down and below the MBL
X-man the legendary conqueror of markets
  • #5,193
  • Feb 22, 2012 1:16am Feb 22, 2012 1:16am
For me it was all there S3 wise for a short.We'll see.
I entered at the beginning of this candle for a shy 20 TP.I dont suspect this short to be lasting hence the low TP.
Entered at 1.32253 short
Even if it reverses the crap out of me, I'm confident I've seen the correct S3 setup and will stick with it no matter what.
  • #5,194
  • Feb 22, 2012 1:20am Feb 22, 2012 1:20am
ljin
Quote
what would you do if you were me? would you correctly enter after the 3rd pullback candle ?

I don't know what your rules and trade plan are, but asking that question, you will get a different answer from every different trader.

The question is what would you do? If you didn't enter the trade, then ask yourself why you didn't enter the trade.

If the EUR/USD is giving you conflicting signals, find another pair to trade or wait for a clear entry that follows your trade plan.

You have to be able to adapt. No system can apply to every situation.

It is up to you to decide.

Good Luck.

dcginc
  • #5,195
  • Feb 22, 2012 1:28am Feb 22, 2012 1:28am
Hi,

I currently short EUR/USD as price closed below daily pivot and also break h4 trendline. Confirmed with tdi across and PA
Attached Image
  • #5,196
  • Feb 22, 2012 1:31am Feb 22, 2012 1:31am
Quoting X-Man
Candle 1 is not a pullback candle - its just a normal candle
Candle 2 is a slight pullback candle - The reason why i wont go long here is because firstly TDI is below MBL. secondly we seen a bearish divergance. So our analysis shows us tells us we waiting for a short. If i wanted to go long i would need more confirmation firstly
Candle 3 is pullback candle- the reason why i would trade this is becuase is confirms my analysis of the bearish divergance , TDI cross down and below the MBL
But according to the system, there s no trading in asian session or am i mixing times?
  • #5,197
  • Feb 22, 2012 1:41am Feb 22, 2012 1:41am
attention is all at G/U
  • #5,198
  • Feb 22, 2012 2:00am Feb 22, 2012 2:00am
Quoting X-Man
Candle 1 is not a pullback candle - its just a normal candle
Candle 2 is a slight pullback candle - The reason why i wont go long here is because firstly TDI is below MBL. secondly we seen a bearish divergance. So our analysis shows us tells us we waiting for a short. If i wanted to go long i would need more confirmation firstly
Candle 3 is pullback candle- the reason why i would trade this is becuase is confirms my analysis of the bearish divergance , TDI cross down and below the MBL
sorry, but what is MBL?

you said candle 1 is not a pullback candle. is it because it has lower long wick?

why did you say candle 2 is a slight pullback candle? candle 2 and candle 3 is very much the same for me, the only different i notice is the body size. 2nd candle is smaller. is it because of this?

oh and 1 more thing. is it a pullback candle at LO today? i take short at the next pullback candle. TDI also cross and have a good angle. a good entry i thought. its been nearly an hour and still struggling close to low channel and now, it starting to reverse and probably making a pullback candle again and probably will continue moving up.
do i have a bad entry? is it because it is very close to bottom channel?

sorry if i got too many questions
  • #5,199
  • Feb 22, 2012 2:02am Feb 22, 2012 2:02am
This week has been very frustrating so far...we are stuck in the range of consolidation. We are bound to spring out one way or the other eventually....
  • #5,200
  • Feb 22, 2012 2:06am Feb 22, 2012 2:06am
Quoting X-Man
Candle 1 is not a pullback candle - its just a normal candle
Candle 2 is a slight pullback candle - The reason why i wont go long here is because firstly TDI is below MBL. secondly we seen a bearish divergance. So our analysis shows us tells us we waiting for a short. If i wanted to go long i would need more confirmation firstly
Candle 3 is pullback candle- the reason why i would trade this is becuase is confirms my analysis of the bearish divergance , TDI cross down and below the MBL
Please X-Man, can you show the divergence in the chart? I fail to see it
Thank you
Best regards
vcary
1 trader viewing now