X-Man's Super Simple System | Page 305 | 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

  • #6,081
  • Mar 5, 2012 4:20am Mar 5, 2012 4:20am
Quoting Awin
sure thing kokopelli.... FX Primus....so far no problems with them except this 100 pips requirement on their limit orders in ECN...
I concur with Ljin - Either resolve that with them or move to someone else. You can't trade with that kind of restriction.
  • #6,082
  • Mar 5, 2012 4:21am Mar 5, 2012 4:21am
Quoting cajun
I hope your analysis is correct because i am in a long carried over the weekend, looking much better ATM, we'll play it out. Damn, i hate these carryovers but i hate to take a loss even worse. We'll hang in there.
Oop's just hit TP on eur/cad as i was typing, +20.

Good Luck
same here. but to be honest, i kinda regret to enter at an aggressive point(1.3194). h4 shows that it still resist at ema 200. should have wait the price goes past that line. what did you think?
  • #6,083
  • Mar 5, 2012 4:22am Mar 5, 2012 4:22am
Quoting Awin
hi ljin,

again, i have no problem with the pips nor with pipettes, much more with spread...in fact no problem with the broker, except that, they require a distance of 100 pips on limit orders which is not reasonable, hence, i am trying to get the wisdom behind that requirement from seasoned traders and traders who have experienced the same and knows the reason why....

hope this clear things up...
It's the first time I hear about a minimum of 100 pips. That's absurd if it's true, I would check with my broker or get rid of them asap.
  • #6,084
  • Mar 5, 2012 4:27am Mar 5, 2012 4:27am
Thanks guys for your reply !

Now let's trade !!! hahahaha.....



Nice pullback candle in EURUSD!

LONG my goodness !!!
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,085
  • Mar 5, 2012 4:38am Mar 5, 2012 4:38am
Quoting ljin
same here. but to be honest, i kinda regret to enter at an aggressive point(1.3194). h4 shows that it still resist at ema 200. should have wait the price goes past that line. what did you think?
True, and on H1 you have a resistance level around the 1.3215 area. Like i said i am in and will play it out, hopefully the bulls come out at NY session.
  • #6,086
  • Mar 5, 2012 5:13am Mar 5, 2012 5:13am
Quoting Awin
the attached is the order execution window....
awin - you are mis-reading the order window. put in a limit order, and you will see that '100 pips' equates to 10.0 pips...

(look at your eurusd order window - that's showing at least 20 pips for a limit order, right? - meaning at least 2.0 pips).

try a test - if you set your limit order about 40.0 pips from current market price, you will have time to delete the test order before market price gets too close...
  • #6,087
  • Mar 5, 2012 5:26am Mar 5, 2012 5:26am
Quoting luckyeranch
awin - you are mis-reading the order window. put in a limit order, and you will see that '100 pips' equates to 10.0 pips...

(look at your eurusd order window - that's showing at least 20 pips for a limit order, right? - meaning at least 2.0 pips).

try a test - if you set your limit order about 40.0 pips from current market price, you will have time to delete the test order before market price gets too close...
my friend, thank you for that thought.... i did that before actually posting..it is 100 pips not 100 pipettes...

i hope this clears about the issue on pips and pipettes...
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,088
  • Mar 5, 2012 5:38am Mar 5, 2012 5:38am
Quoting Awin
my friend, thank you for that thought.... i did that before actually posting..it is 100 pips not 100 pipettes...

i hope this clears about the issue on pips and pipettes...
sorry for that my friend. but it is quite crazy to have 100 pips. and you should ask your broker , and not us. probably better if you contact support of that broker instead of posting here in strategy thread.
  • #6,089
  • Mar 5, 2012 5:56am Mar 5, 2012 5:56am
Hi to all, I'm a new user of FF and I'm reading the thread od X-Man. yesterday I started some trade simulation... and I want ask if this trade is wrong.
we are in down-trend ... TDI cross down... I enter at the open of the second bar after the second vertical line with a short position .... stop loss : 30 pips.
after few minutes the stop loss is hitted ... it is a correct entry or not?
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine.png Size: 45 KB
  • #6,090
  • Mar 5, 2012 6:02am Mar 5, 2012 6:02am
Quoting ljin
sorry for that my friend. but it is quite crazy to have 100 pips. and you should ask your broker , and not us. probably better if you contact support of that broker instead of posting here in strategy thread.
actually ljin, if you have read my posts, i was actually asking for some thoughts on this from seasoned traders and traders who have experienced the same, not mere guesses from you or from others who have no such experiences like such, as a matter of fact....

and please, you are not in a position to say what to post or not to post, because you yourself can post anything you like and nobody stopping you...

if you do not like or don't know the answer to my query, it's better for you not to reply...

my question is all related to trading and i'm part of this wonderful thread started by X-Man and supported by seasoned and well experienced traders...

so please, my question is not directed to you so please don't tell me not to post here....

clear?...i hope so!

peace out!
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,091
  • Mar 5, 2012 6:10am Mar 5, 2012 6:10am
Quoting Awin
actually ljin, if you have read my posts, i was actually asking for some thoughts on this from seasoned traders and traders who have experienced the same, not mere guesses from you or from others who have no such experiences like such, as a matter of fact....

and please, you are not in a position to say what to post or not to post, because you yourself can post anything you like and nobody stopping you...

if you do not like or don't know the answer to my query, it's better for you not to reply...

my question is all related to trading and...
i am sorry if i have offended you. and i am not asking you to not post here... i am just asking you to ask straight to your broker. and not post regarding this issue. and as this thread was made for the strategy discussion and not broker discussion. and i think it is out of topic if you could say.
and i wont say anything or reply regarding this anymore. its up to you if you want to post. and again i am sorry if i had offended you. i just want this thread to not stray from original topic
  • #6,092
  • Mar 5, 2012 6:18am Mar 5, 2012 6:18am
Quoting life100
Hi to all, I'm a new user of FF and I'm reading the thread od X-Man. yesterday I started some trade simulation... and I want ask if this trade is wrong.
we are in down-trend ... TDI cross down... I enter at the open of the second bar after the second vertical line with a short position .... stop loss : 30 pips.
after few minutes the stop loss is hitted ... it is a correct entry or not?
hello. could you post your weekly pivot indi?
and regarding your issue. i am beginner as well. but from the chart, i can see that the time you open (new candle) , the tdi is flat and when the price keep going up , the tdi become like this (\/) . as per rule. you are not suppose to enter when tdi flat. thats your exit rule .
  • #6,093
  • Mar 5, 2012 6:48am Mar 5, 2012 6:48am
Hello Xman, all. Ive downloaded the SonicR pivot indi and I am not able to see the pivot lines as was stated by xman. Im posting a pic of my screen. Help from anyone please.
Attached Image (click to enlarge)
Click to Enlarge Name: sonic pivot.gif Size: 69 KB
  • #6,094
  • Mar 5, 2012 6:50am Mar 5, 2012 6:50am
Quoting ljin
i am sorry if i have offended you. and i am not asking you to not post here... i am just asking you to ask straight to your broker. and not post regarding this issue. and as this thread was made for the strategy discussion and not broker discussion. and i think it is out of topic if you could say.
and i wont say anything or reply regarding this anymore. its up to you if you want to post. and again i am sorry if i had offended you. i just want this thread to not stray from original topic
ljin, not because you find some topic irrelevant means that you will not learn from it...

who knows someday you will encounter the same problem, at least now you know that some brokers do that...

this thread had become a full grown community, and in a community every concern counts...if you ever want to belong to a community, try not to dismiss any "out-of-topic" concerns of any member of the community as irrelevant and out-of-topic...

i'm responding not for you, but to preserve the kind of openness and camaraderie imbibed by X-Man, that great conqueror who started this thread....

IMO, X-Man is the only who has the right to say, "hey man, your topic is out-of-whack, stop posting and stop asking!"

i hope ljin this is clear to you...
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,095
  • Mar 5, 2012 6:51am Mar 5, 2012 6:51am
Quoting kokopelli
I might just switch from the 15min chart to the 4hr chart and hang on to this and ride it, turning it from a profitable intraday trade into a profitable swing trade if PA continues to go my way.
???
Hi,

I really like what you say you would do.... converting an intraday trade to a swing trade. Something I do all the time.

Once you are in the market, you follow the price movement and get into the rythm of things. You know the trader in you and know how to manage the trader in you. You sure know how to trade and make money in this market.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,096
  • Mar 5, 2012 6:59am Mar 5, 2012 6:59am
Quoting iflyhigh72
Hello Xman, all. Ive downloaded the SonicR pivot indi and I am not able to see the pivot lines as was stated by xman. Im posting a pic of my screen. Help from anyone please.
maybe its the colour of the lines , change to a lighter colour so you can see the v lines and horizontal lines ...or other wise change the chart to white ...
  • #6,097
  • Mar 5, 2012 6:59am Mar 5, 2012 6:59am
Quoting iflyhigh72
Hello Xman, all. Ive downloaded the SonicR pivot indi and I am not able to see the pivot lines as was stated by xman. Im posting a pic of my screen. Help from anyone please.
You have to play around with the display settings. In the sonicR thread there are rules etc on this indi.

X
X-man the legendary conqueror of markets
  • #6,098
  • Mar 5, 2012 7:06am Mar 5, 2012 7:06am
Quoting life100
Hi to all, I'm a new user of FF and I'm reading the thread od X-Man. yesterday I started some trade simulation... and I want ask if this trade is wrong.
we are in down-trend ... TDI cross down... I enter at the open of the second bar after the second vertical line with a short position .... stop loss : 30 pips.
after few minutes the stop loss is hitted ... it is a correct entry or not?
It was a wrong trade. i take it that you didnt look at a higher TF to see the overall picture.
If you go to the daily or 4H TF and draw a trendline you will see that PA is just bouncing off that line.
If you draw a fibb on the daily you will see that PA is at the 61.8% retracement level.
All these are pointing long. You will also see the bullish divergance if you zoom out.
X-man the legendary conqueror of markets
  • #6,099
  • Mar 5, 2012 7:09am Mar 5, 2012 7:09am
Quoting emmanuel7788
Hi,

I really like what you say you would do.... converting an intraday trade to a swing trade. Something I do all the time.

Once you are in the market, you follow the price movement and get into the rythm of things. You know the trader in you and know how to manage the trader in you. You sure know how to trade and make money in this market.

Regards,
sounds good. but emma, when you did convert from intra to swing trade. are you thinking about swap?

*p.s : i think the market already show some bullish momentum, at last we will probably break free from boring LO
  • #6,100
  • Mar 5, 2012 7:14am Mar 5, 2012 7:14am
Quoting X-Man
It was a wrong trade. i take it that you didnt look at a higher TF to see the overall picture.
If you go to the daily or 4H TF and draw a trendline you will see that PA is just bouncing off that line.
If you draw a fibb on the daily you will see that PA is at the 61.8% retracement level.
All these are pointing long. You will also see the bullish divergance if you zoom out.


x-man. i also see those divergence . and on my h4 i saw it just bounce from fib 61.8 . but the trend was downward on daily. so my analysis says that, the price will go long just for a retracement probably until it reach 38 fib. then continue its downtrend .
how do you think about it? is it good analysis or ?
6 traders viewing now