X-Man's Super Simple System | Page 301 | 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

  • #6,001
  • Mar 2, 2012 2:07pm Mar 2, 2012 2:07pm
Quoting Phx62
My standard SL and TP are 25 pips when I trade M15 charts....I adjust from there. My H1 standard SL & TP when I trade H1 charts is 50 pips each but the SL is an EMERGENCY SL. I will normally close earlier if the trade goes against me or tighten up the SL when I can't monitor the trade. These numbers are just get the trades opened up.
Thank you very much, Phx62!
vcary
  • #6,002
  • Mar 2, 2012 2:19pm Mar 2, 2012 2:19pm
Quoting nunrgguy
Well, unless you post charts no-one can help you. Just blind stabs in the dark otherwise isn't it? Although I have just gone to great length to explain how you can get it to work for you.
I said why I quit posting, the one who suggested it stopped helping after 1 week and I starting getting noob responses. Even now I get PMed by new people with suggestions I know will not work. I hope Big E gets better soon he may be able to explain it to me in a way I might understand.
  • #6,003
  • Mar 2, 2012 3:48pm Mar 2, 2012 3:48pm
Two charts below....one is the EU H1 chart showing my trades this week. Most were M15 trades but I could not get them all to fit in one chart, on one picture.
The other chart is the EU M15 chart showing two very nice setups that generated 200 pips for the day. I entered the trades knowing that price was pulling away from the Hourly 200 EMA after testing it and being rejected several times during the previous 24 hours. Both M15 trades were taken with a 25 pip SL and 25 pip TP. Because we were moving away from the hourly EMA, when the first trade reached 20 pips, I moved my SL to BE and TP to 50....price retraced a little and I considered closing the trade but because the SL was now at BE, I left it open. After the little retracment, I got another signal to enter a short trade and since the first one was already in profit, I entered the second trade with the same SL & TP. From there, I just let the EA keep moving the stop to 10 pips behind the previous candle, moved my TP on both trades to 100, expecting to be taken out on a reversal and went back to bed......got up this morning with the first trade closed and the second one still moving down.....went to work and just got back to my office to find the second trade hit TP also. I did not know how far the market was going to move in my direction, but I have confidence in the TDI crossovers and understand how price moves around the hourly EMA. I was very fortunate that the market did not retrace and take me out early but I had not tried to get those pips I would be saying....why didn't I see that? or why didn't I enter? or why didn't I move my SL to 100 pips. On the other hand, I really had nothing to lose.....my stop losses were in profit or at least at BE, so why not?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012.3.2 EU week.jpg Size: 127 KB
Click to Enlarge Name: 2012.3.2 EU M15.gif Size: 75 KB
  • #6,004
  • Mar 2, 2012 4:47pm Mar 2, 2012 4:47pm
Quoting Phx62
Two charts below....one is the EU H1 chart showing my trades this week. Most were M15 trades but I could not get them all to fit in one chart, on one picture.
The other chart is the EU M15 chart showing two very nice setups that generated 200 pips for the day. I entered the trades knowing that price was pulling away from the Hourly 200 EMA after testing it and being rejected several times during the previous 24 hours. Both M15 trades were taken with a 25 pip SL and 25 pip TP. Because we were moving away from the hourly EMA, when the first trade...
Good job, as usual very consistent. You may have already explained this but it seems like you use different indicators for differenct TF. One picture the TDI seems different than the M15 and you are also using what seems to be the Stochastic Slope indicator on one picture and not the other, could you please explain the motive behind this.
  • #6,005
  • Mar 2, 2012 5:50pm Mar 2, 2012 5:50pm
Quoting Phx62
Two charts below....one is the EU H1 chart showing my trades this week. Most were M15 trades but I could not get them all to fit in one chart, on one picture.
The other chart is the EU M15 chart showing two very nice setups that generated 200 pips for the day. I entered the trades knowing that price was pulling away from the Hourly 200 EMA after testing it and being rejected several times during the previous 24 hours. Both M15 trades were taken with a 25 pip SL and 25 pip TP. Because we were moving away from the hourly EMA, when the first trade...
Getting Percentage in Points(pips) repetitiously as usual.
With God all things are possible.
  • #6,006
  • Mar 2, 2012 11:19pm Mar 2, 2012 11:19pm
Quoting Phx62
Two charts below....one is the EU H1 chart showing my trades this week. Most were M15 trades but I could not get them all to fit in one chart, on one picture.
The other chart is the EU M15 chart showing two very nice setups that generated 200 pips for the day. I entered the trades knowing that price was pulling away from the Hourly 200 EMA after testing it and being rejected several times during the previous 24 hours. Both M15 trades were taken with a 25 pip SL and 25 pip TP. Because we were moving away from the hourly EMA, when the first trade...
Hi Phx62,
apart from the SL and TP, what are the differences between the analyzes of trading in M15 and H1, for your method, please?
Best regards
vcary
  • #6,007
  • Mar 2, 2012 11:39pm Mar 2, 2012 11:39pm
Quoting cajun
Good job, as usual very consistent. You may have already explained this but it seems like you use different indicators for differenct TF. One picture the TDI seems different than the M15 and you are also using what seems to be the Stochastic Slope indicator on one picture and not the other, could you please explain the motive behind this.
M15 trades are taken per the rules of Big E's Trading Made Simple thread, as another confimation to the TDI. See that thread for more information on that. The TDI is the same on both charts.
  • #6,008
  • Mar 2, 2012 11:42pm Mar 2, 2012 11:42pm
Quoting vcary
Hi Phx62,
apart from the SL and TP, what are the differences between the analyzes of trading in M15 and H1, for your method, please?
Best regards
vcary
Same analysis. Same trading plan. Just a different time frame when the market is ranging more than trending.
On the M15, I trade any session......on the H1, I basically trade the London session only.
  • #6,009
  • Mar 3, 2012 12:37am Mar 3, 2012 12:37am
You don't know how long I been waiting for a good system... Finally I got it.. Thanks so much X-man and all of you guys... Let f... get some pips now after so many pips loss in this market. One day I will talk to my son about you. Happy 1000000 pips.
  • #6,010
  • Mar 3, 2012 2:10am Mar 3, 2012 2:10am
Quoting X-Man
[color=Blue][size=3]There you have it guys , Its the big one:

[color=Red][size=7]1 000 000 [size=3]views
[color=Blue]in 3 months and few days.
One of the hottest threads out there
We are now part of the millionaires club

I want to thank everyone that made this happen.
i want to thank all you traders that have adopted this trading style and who took the time to post etc.

I want to thank Emmauel , PHX62 , LazyLobster , Cajun , snarlyjack , Dcginc for their lovely contributions and for helping me out without...
Congratulations! Keep hunting
  • #6,011
  • Mar 3, 2012 9:42am Mar 3, 2012 9:42am
Quoting Phx62
Same analysis. Same trading plan. Just a different time frame when the market is ranging more than trending.
On the M15, I trade any session......on the H1, I basically trade the London session only.
Thank you Phx,
a good we to you
vcary
  • #6,012
  • Mar 3, 2012 6:05pm Mar 3, 2012 6:05pm
Nicely put Vcary.
All you touch and all you see, is all your life will ever be.
  • #6,013
  • Mar 4, 2012 6:38am Mar 4, 2012 6:38am
Quoting snarlyjack
Hale-Mary,

You have to realize that I have been trading for a long
time now. Thousand of hours looking at charts and
different indicators. I can say this tho: After looking
at hundreds of indicators and testing them my favorite
indicator (that I trust the most) is the TDI indicator.

snarlyjack
Yes TDI is the best indicator by far. I will never get rid of that indicator no matter what.

TDI tells a story of a 1000 indicators.
X-man the legendary conqueror of markets
  • #6,014
  • Mar 4, 2012 7:41am Mar 4, 2012 7:41am
Hale Mary

I read your posts and in every post I see negativity.
You are taking every piece of advice in a negative light and shunning all the info given to you by the experienced traders.

My rules to this system are very clear. This system is a very simple system.
Theres absolutely nothing wrong with the system.
All the rules have been covered.
I do reply to the charts you post and if i missed some then i am sorry as i have been very busy recently with wedding preparations and with developing myself further as a trader , constantly evolving to reach the top. I do this by reading/studying important and valuable information on forex. Always pushing myself further to be the best of the best.

IMO you are having problems within yourself (psychological aspect) and you are not been consistant.
I personally dont know what you are doing at the PC but this is what i see from your posts.
You keep switching from this to that. from this TF to that TF. From this indi to that indi.
Why dont you keep to one TF and analyze only the 1TF above that when you open your charts. For example when trading the 1H E/U then analyze the 4H TF and then drop to the 1H TF and nothing else.
The only indis yu should have is the TDI , synergy bars , 200Ema and pivot indi.

From there you take 300 trades strictly according to the rules and a strict trader plan and measure your win rate on that total.
If the rules dont meet the strict trade plan then dont take the trade.
If after the 300 trades you see that your losses are greater than your wins then personally i would say change the system. Maybe this system does not suit your trading style.
Maybe theres a system out there that will suit you perfectly and you willbe profitable with that. Never jump from system to system instantly becuase then you wont know the true result. That why when i test a system i do 300 trades and decide from there.

If you never find a system that suits your trading style then you should face the Hard truth.
Which is that you are not meant to be a trader.
Im not trying to be mean but just been straight forward and truthful.

For example : I know that soccer players earn lots and have the fame that doesnt mean we all can become soccer players even thou we desire it. Some of us will try our best to become a good soccer player but still we wont succeed. Some of us will try it and succeed instantly.
Some of us may become the best at golf or something else and also earn lots , so that doesnt mean that everyone will become golfers or soccer players just because we know how huge are the earning potential in that field

In the same light not everyone is meant to do forex no matter what the earning potential is.
This is what everyone should realize.
Forex is a field of profession just like any other other field out there.

If people have the desire and passion for something they should strive for it and not only do it becuase of the benefits.
hale mary if you have the passion to trade then keep striving coz then one day that light will come but if you dont have the passion then go into that field that you really desire. Everyone has that passion for something.
X-man the legendary conqueror of markets
  • #6,015
  • Mar 4, 2012 8:14am Mar 4, 2012 8:14am
Hi X-Man, I spoil this calm Sunday to ask a question that has been in my mind for a while.
What kind of Pivot do you use?
It's the simplest kind (one that simply calculate basing on previous day candle OHLC) or it takes some different data (basing on London open as the start of the day for example)?
Thank you!
  • #6,016
  • Mar 4, 2012 8:20am Mar 4, 2012 8:20am
Quoting Dr_Zulu
Hi X-Man, I spoil this calm Sunday to ask a question that has been in my mind for a while.
What kind of Pivot do you use?
It's the simplest kind (one that simply calculate basing on previous day candle OHLC) or it takes some different data (basing on London open as the start of the day for example)?
Thank you!
I use the sonicR chart panel. That indi shows a lot of useful areas( pivots , the 100s , the 50s). I attached it to this thread some time ago. click on the paperclip and it will be there.
Or you can find it on the sonicR thread.
If you still cant get it let me know and ill send it to you.
Its on post 3626

X
X-man the legendary conqueror of markets
  • #6,017
  • Mar 4, 2012 9:07am Mar 4, 2012 9:07am
Quoting X-Man
I use the sonicR chart panel. That indi shows a lot of useful areas( pivots , the 100s , the 50s). I attached it to this thread some time ago. click on the paperclip and it will be there.
Or you can find it on the sonicR thread.
If you still cant get it let me know and ill send it to you.
Its on post 3626

X
Hello X-Man,
How do you use the pivot in the method?
can you advise me to read to understand the usefulness of the pivot?
Best regards
vcary
  • #6,018
  • Mar 4, 2012 9:22am Mar 4, 2012 9:22am
PA usually bounce off these levels when they cannot break through. The famous bounce is off the daily pivot. So i use that to confirm my analysis and will take that trade.

I usually wont go long of PA is above the R2 and wont go short if PA below S3. PA normally reverses at these areas.
And i use that Indi to set targets at the 100s or 50s or at the next pivot.

Sometimes you will see the 200EMA at these levels so the chance of a bounce is greater because theres more traders looking at that area now so the level becomes stronger.
X-man the legendary conqueror of markets
  • #6,019
  • Mar 4, 2012 9:23am Mar 4, 2012 9:23am
Quoting X-Man
[color=Blue][size=3]Hale Mary

I read your posts and in every post I see negativity.
You are taking every piece of advice in a negative light and shunning all the info given to you by the experienced traders.

My rules to this system are very clear. This system is a very simple system.
Theres absolutely nothing wrong with the system.
All the rules have been covered.
I do reply to the charts you post and if i missed some then i am sorry as i have been very busy recently with wedding preparations and with developing myself further as a trader , constantly...
I pop in and read some of the post every now and then, you X-man and a few of the others do a great job in trying to purvey the message to others.

I think you should be applauded.........

Sometimes the harsh fact of reality is to much to bare, but still you spread your message over and over again, "Keep on keeping on"

Ja.
Memories caught in time but never forgotten
  • #6,020
  • Mar 4, 2012 9:26am Mar 4, 2012 9:26am
Quoting X-Man
[color=Blue][size=3]PA usually bounce off these levels when they cannot break through. The famous bounce is off the daily pivot. So i use that to confirm my analysis and will take that trade.

I usually wont go long of PA is above the R2 and wont go short if PA below S3. PA normally reverses at these areas.
And i use that Indi to set targets at the 100s or 50s or at the next pivot.

Sometimes you will see the 200EMA at these levels so the chance of a bounce is greater because theres more traders looking at that area now so the level becomes...
Thanks X-Man!
1 trader viewing now