X-Man's Super Simple System | Page 326 | 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

  • #6,501
  • Mar 13, 2012 7:07am Mar 13, 2012 7:07am
Quoting 2be
re-entered the short again 1.5665
BE as I type
we shall see
I shall add to this short when 1.5640 zone has been cleared, it is the usd strength related to equities index that shall make this move rapid if and when it comes to it. So far this pair is sitting on the daily pivot.
If GU clears 1.5610 I shall load it even more on the short side, all of that is IF, but I have placed these orders as pending with 20 pips SL.
Make sure losses are small and profits are bigger!
  • #6,502
  • Mar 13, 2012 7:19am Mar 13, 2012 7:19am
Quoting Vantage
Eur hit upper trend line and fell with neg divergence on 1hr.

Against that clear support level around 1.3100.

Could go either way today (we'll see reaction to 3100) but I'd still have to say bias for me is neg.
Nice when a plan comes together.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 14 KB
  • #6,503
  • Mar 13, 2012 7:20am Mar 13, 2012 7:20am
Hi,

EUR/USD 50 pips target achieved. Refer the chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 40 KB
  • #6,504
  • Mar 13, 2012 7:25am Mar 13, 2012 7:25am
Quoting 2be
I shall add to this short when 1.5640 zone has been cleared, it is the usd strength related to equities index that shall make this move rapid if and when it comes to it. So far this pair is sitting on the daily pivot.
If GU clears 1.5610 I shall load it even more on the short side, all of that is IF, but I have placed these orders as pending with 20 pips SL.
second short order filled at 1.5640
Make sure losses are small and profits are bigger!
  • #6,505
  • Mar 13, 2012 7:33am Mar 13, 2012 7:33am
Quoting 2be
I shall add to this short when 1.5640 zone has been cleared, it is the usd strength related to equities index that shall make this move rapid if and when it comes to it. So far this pair is sitting on the daily pivot.
If GU clears 1.5610 I shall load it even more on the short side, all of that is IF, but I have placed these orders as pending with 20 pips SL.
Hi 2be, just wondered if you worried about loading trades just before NYO? Cheers.
  • #6,506
  • Mar 13, 2012 7:44am Mar 13, 2012 7:44am
Quoting shoot2scoot
Hi 2be, just wondered if you worried about loading trades just before NYO? Cheers.
I sometimes do that especially if GBP and USD index are travelling in that same direction. I keep close eye on S&P index too.
I also have hedged these positions, but I agree that this type of arrangement in this case is governed by the strong possibility of continuing USD strength over all.
Make sure losses are small and profits are bigger!
  • #6,507
  • Mar 13, 2012 7:56am Mar 13, 2012 7:56am
Quoting 2be
second short order filled at 1.5640
Moved Stop to 1.5635 on all positions, just in case
with us data release I expect profit taking on wall st today, so usd strength should continue and G/U shall follow E/U
Nothing is certain, so I have tighten the stop
Make sure losses are small and profits are bigger!
  • #6,508
  • Mar 13, 2012 8:15am Mar 13, 2012 8:15am
Quoting 2be
Moved Stop to 1.5635 on all positions, just in case
with us data release I expect profit taking on wall st today, so usd strength should continue and G/U shall follow E/U
Nothing is certain, so I have tighten the stop
have closed all positions at 1.5624
so +40 and +15 pips
shall re-enter if the pair goes below 1.5600
Have had to go for a couple of hours, so shall be flat for a while.
my bias for G/U is short, but the market has got much better idea that myself
Make sure losses are small and profits are bigger!
  • #6,509
  • Mar 13, 2012 8:17am Mar 13, 2012 8:17am
Because I was to late on EURUSD, I entered EURJPY later on. GBPUSD short and USDCHF long and AUDUSD short were also on radar. I chose oly EURJPY due to EURUSD already making the path smooth. TP was hit, but... all the signals, if taken, would of been correct.

BR
  • #6,510
  • Mar 13, 2012 8:42am Mar 13, 2012 8:42am
I went long on usd/chf, TDI signal line and mbl, also candle crossed resistance. Also entered short eur/usd for same reasons as usd/chf.
  • #6,511
  • Mar 13, 2012 9:11am Mar 13, 2012 9:11am
Two trades today
Lots of set-ups today
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euusd.gif Size: 31 KB
Click to Enlarge Name: uchf.gif Size: 30 KB
  • #6,512
  • Mar 13, 2012 10:37am Mar 13, 2012 10:37am
Quoting 2be
have closed all positions at 1.5624
so +40 and +15 pips
shall re-enter if the pair goes below 1.5600
Have had to go for a couple of hours, so shall be flat for a while.
my bias for G/U is short, but the market has got much better idea that myself
well, just came back and have seen that good move up on G/U, it was a good set up to go long using this approach, with a well confirmed entry above 1.5665, that would have been my entry if I was at my trading desk.
I use M30 tf together with h1 , h4 and daily
Make sure losses are small and profits are bigger!
  • #6,513
  • Mar 13, 2012 10:45am Mar 13, 2012 10:45am
guys. what happen with eur usd today? how can it move that much in a day? now it even go up again. any reason for it? i feel todays move for eur/usd is not what eur/usd anymore since Daylight saving. it is like eur/usd become someone else
  • #6,514
  • Mar 13, 2012 11:35am Mar 13, 2012 11:35am
Why do you say that?

EURUSD moved exactly how predicted for me based on market structure, support trend lines etc.

Take a look at:
http://www.forexfactory.com/showthre...78#post5462878

I think that out of market sessions we post our analysis for the next day we get to see if others are coming to the same conclusion. If it's a strong concession then millions would also be thinking the same think. Which would drive market in that direction. Today was almost exactly as planned for me.


Quoting ljin
guys. what happen with eur usd today? how can it move that much in a day? now it even go up again. any reason for it? i feel todays move for eur/usd is not what eur/usd anymore since Daylight saving. it is like eur/usd become someone else
  • #6,515
  • Mar 13, 2012 11:38am Mar 13, 2012 11:38am
You also have a key support area at 1.31100 so it's being tested at the moment.
  • #6,516
  • Mar 13, 2012 11:50am Mar 13, 2012 11:50am
I see a great opportunity for going short on GBPUSD for tomorrow or during asian session.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-03-13 at 16.49.31.png Size: 20 KB
  • #6,517
  • Mar 13, 2012 12:28pm Mar 13, 2012 12:28pm
Quoting nonfiction
Why do you say that?

EURUSD moved exactly how predicted for me based on market structure, support trend lines etc.

Take a look at:
http://www.forexfactory.com/showthre...78#post5462878

I think that out of market sessions we post our analysis for the next day we get to see if others are coming to the same conclusion. If it's a strong concession then millions would also be thinking the same think. Which would drive market in that direction. Today was almost exactly as planned for me.
what i mean is the bullish after it has pullback candle. i thought 100 pips movement would be the eur/usd can reach per day. but it add up another 45pip bullish
  • #6,518
  • Mar 13, 2012 12:33pm Mar 13, 2012 12:33pm
Does anyone know where the sudden outburst of gbp came from?

Was it an extreme move to get out of the oversold area on the higher timeframe or was there news regarding gbp?

Eurusd and audusd also went up, but not as much as gbpusd. Other gbp paires also went up pretty fast.

Only thing I see was a bounce from the 50.0 fibo, drawn from low 13 January to spike high 29 February.
  • #6,519
  • Mar 13, 2012 1:06pm Mar 13, 2012 1:06pm
Quoting Liberum
Does anyone know where the sudden outburst of gbp came from?

Was it an extreme move to get out of the oversold area on the higher timeframe or was there news regarding gbp?

Eurusd and audusd also went up, but not as much as gbpusd. Other gbp paires also went up pretty fast.

Only thing I see was a bounce from the 50.0 fibo, drawn from low 13 January to spike high 29 February.
Hi,
G/U made so far 127 pips today, yes it is some move but not that exceptional.
GBP has been adversely correlated to USD and since the S&P positive mood G/U just went up taking the route of the least resistance.
Equties and the USD are also adversely correlated, and there is an expectancy for the Wall St to be in positive mood for sometime.
Remember it has nothing to do with your or mine logic, Fed and the other national banks around the worlds have been printing the money, which in turn supports the equity markets, this money has to do something and be placed somewhere even for a short time if that.
National banks at least get to the trouble of printing the "new money", the rest of big banks are quite satisfied with "I OWE YOU notes" providing in their mutual exchange of "virtual" large amounts there is the intermediary to hold the "fresh cut" though even for the few seconds before it all lands where it has been designed to land providing the desired liquidity for the necessary financial services provided by these banks, namely credits to their customers on a given interest rate, and so it goes on and on, with the majority having a good time.
If trees could speak, they would have asked, why print when "virtual" amounts have been doing such a great job anyway!
Sorry for the diversion, but it might throw some light as to the unpredictability of the market/s or its ingenuity.
Make sure losses are small and profits are bigger!
  • #6,520
  • Mar 13, 2012 1:28pm Mar 13, 2012 1:28pm
Expect strong GBPUSD downward pressure now after positive FOMC announcement for US.
12 traders viewing now