X-Man's Super Simple System | Page 333 | 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

  • #6,641
  • Mar 16, 2012 10:21am Mar 16, 2012 10:21am
Quoting firsttimer
good job.

I just opened several positions. Longing USD.

many signals coming.
The move up is very strong as highlighted.
suffer 4 losses (all pegged to usd and hit SL), only 1 win from (eur/jpy) positions open hrs ago.
  • #6,642
  • Mar 16, 2012 10:39am Mar 16, 2012 10:39am
hi,
can divergence be seen on TDI??
if can, which line should i use? the green or red line??
  • #6,643
  • Mar 16, 2012 11:03am Mar 16, 2012 11:03am
Quoting capab
hi,
can divergence be seen on TDI??
if can, which line should i use? the green or red line??

Hi capad,

It will help you a lot in your trading when you have a deep understanding of how indicators like oscillators work. There is a direct relationshiop between price and oscillators. When there is a huge price movement, it is common that the oscillator will not respond correspondinly in direct proportion because of the period of the oscillator.

TDI is a hybrid indicators using the RSI data interpolated on a moving average.
If you want to trade divergence of the TDI, it is actually the RSI divergence, so it is the green colour line you will look at.

In a huge move like today's, most oscillators will show divergence later.

Many traders will see such divergence easily. What will the market do?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,644
  • Mar 16, 2012 11:09am Mar 16, 2012 11:09am
Quoting firsttimer
The move up is very strong as highlighted.
suffer 4 losses (all pegged to usd and hit SL), only 1 win from (eur/jpy) positions open hrs ago.
Hi,

I took losses too today. I am glad we all use stop loss as a way to preserve our capital.

Just look at all pairs and see how many actually have price hit their R3 or S3 pivot levels. This is very rare.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,645
  • Mar 16, 2012 11:25am Mar 16, 2012 11:25am
Quoting emmanuel7788
Hi,

I took losses too today. I am glad we all use stop loss as a way to preserve our capital.

Just look at all pairs and see how many actually have price hit their R3 or S3 pivot levels. This is very rare.
Hi,

Yes. SL and TP are important things that we must set when we do not monitor 24/7. I left my house with all my open trades running in positive pips, only to come home and realise 4 hit SL and 1 hit TP.

Looking back again on 4hr and daily TF , i would have actually went short on the USD after my SLs were hit. But too bad i was away from the computer.

Anyway, its good trading experience and I have develop enough confidence to leave the trades running without 24/7 monitoring. This is really impt to me as i really want to trade stress free.
  • #6,646
  • Mar 16, 2012 11:28am Mar 16, 2012 11:28am
Quoting firsttimer
The move up is very strong as highlighted.
suffer 4 losses (all pegged to usd and hit SL), only 1 win from (eur/jpy) positions open hrs ago.
Firsttimer,

Can you share charts for each pair showing your long entries of the 4 losses and/or the time and price of each entry, include SL and TP levels.
  • #6,647
  • Mar 16, 2012 11:43am Mar 16, 2012 11:43am
Hi traders,

Take note of bearish divergence forming if price goes higher.

[IMG]http://s13.postimage.org/gbv2l19kz/setup2.jpg[/IMG]
  • #6,648
  • Mar 16, 2012 11:47am Mar 16, 2012 11:47am
Quoting emmanuel7788
Hi capad,

It will help you a lot in your trading when you have a deep understanding of how indicators like oscillators work. There is a direct relationshiop between price and oscillators. When there is a huge price movement, it is common that the oscillator will not respond correspondinly in direct proportion because of the period of the oscillator.

TDI is a hybrid indicators using the RSI data interpolated on a moving average.
If you want to trade divergence of the TDI, it is actually the RSI divergence, so it is the green colour line...
Thanks..
  • #6,649
  • Mar 16, 2012 1:03pm Mar 16, 2012 1:03pm
Quoting firsttimer
Hi traders,

Take note of bearish divergence forming if price goes higher.

[IMG]http://s13.postimage.org/gbv2l19kz/setup2.jpg[/IMG]
Hi Firsttimer,
Please also give proper explanation about the Post Such as Symbol EURJpy where necessary Long or Short Time frame H1 H4 D1 etc with such a small picture,so that it can be easily understandable.

Thanks

arasheed
  • #6,650
  • Mar 17, 2012 3:05am Mar 17, 2012 3:05am
Quoting firsttimer
Hi traders,

Take note of bearish divergence forming if price goes higher.

[IMG]http://s13.postimage.org/gbv2l19kz/setup2.jpg[/IMG]
Price doesn't need to go higher you have a double top and indi wave is lower.

Its also worth mentioning the subtlety between counter trend divergence and (my preference) divergence after a CT pullback signalling a move back into trend.
  • #6,651
  • Mar 18, 2012 5:15am Mar 18, 2012 5:15am
Tk u , finally can do it, yr instructions superb!
Quoting Erebus
Read the perfectly clear instructions within the indicator, highlighted in GREEN

Enter 1440 in the Timeframe section as shown by arrow, and this will "freeze" or set the indicator to read as Daily no matter which timeframe you change to.

Remember this for other indicator; a basic knowledge of TIME is required to trade: 60 minutes in 1 hour, 24 hour in a day.

60 times 24 = 1,440

Hands up if you checked on calculator
  • #6,652
  • Mar 18, 2012 9:50pm Mar 18, 2012 9:50pm
Hey, can anyone tell why Phx62, is not posting
  • #6,653
  • Mar 19, 2012 1:44am Mar 19, 2012 1:44am
Hello all. I am finally getting back to trading after a 2 month break. I was away on contract and could not access any trading platform. In that time away i was able to access last years charts in another mt4 platform. I inserted X-Mans template and spent about 1 1/2 hours back testing every night after work. Also I read Mark Douglas " Trading in the Zone", and not only kept up with this thread but have gone through most of the TMS thread as well.
Today is the first day i have looked at a live chart in 2 months and the difference is amazing. I know exactly what i am looking for, not bothered by not seeing any trading set ups, and thinking i need to jump into a trade because i see price move a few pips one way or the other. Not sure how i will do this week on demo but feel more relaxed and confident than i can ever remember about trading. Thanks to X-Man and all the active members on here that make the thread such a great place to learn!
  • #6,654
  • Mar 19, 2012 2:13am Mar 19, 2012 2:13am
Good to have you back Brifx and good luck in the trading days ahead.

LL
"IN CASH WE TRUST"
  • #6,655
  • Mar 19, 2012 3:34am Mar 19, 2012 3:34am
Hello Everyone!

A pleasant beginning of the the week traders!

Looks like a good opportunity to short after LO...

Any Takers?
Attached Image
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,656
  • Mar 19, 2012 4:08am Mar 19, 2012 4:08am
Hi,
After last Friday' surprise bullish rally, what looks like is a new channel has been establish for downflow.
However, if price break above this new channel, it will test the previous week 10 high.
But this week's pivot 1.3136 may play as support until I see a convincing break below.

Good Trading!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 week 12 Trade 19-3-2012 4-51-01 PM.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,657
  • Mar 19, 2012 4:11am Mar 19, 2012 4:11am
Quoting Awin
Hello Everyone!

A pleasant beginning of the the week traders!

Looks like a good opportunity to short after LO...

Any Takers?
Going short now it's too risky until 1.313.
We got the following support just below:

  1. Ema200
  2. Daily Pivot
  3. 38.2 Fibb

  • #6,658
  • Mar 19, 2012 4:15am Mar 19, 2012 4:15am
Quoting emmanuel7788
Hi,
After last Friday' surprise bullish rally, what looks like is a new channel has been establish for downflow.
However, if price break above this new channel, it will test the previous week 10 high.
But this week's pivot 1.3136 may play as support until I see a convincing break below.

Good Trading!
Good day to you my friend, yes I'm a bit concerned about breaking the DPV, aside from that, the WPV is just a few pips below DPV...the 200EMA is also almost coinciding with the DPV...

My only driver though to go short is the TDI cross on H1 & H4 which seems to support each other plus the break of the asian range.....also the NZDUSD is favoring the downside with a good cross on the TDI too..

nothing so far with today's calendar that would suggest an upward shoot...

In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,659
  • Edited 4:29am Mar 19, 2012 4:17am | Edited 4:29am
Quoting Dr_Zulu
Going short now it's too risky until 1.313.
We got the following support just below:

  1. Ema200
  2. Daily Pivot
  3. 38.2 Fibb

you are so rightfully correct in pointing them out Dr. Zulu, thanks...

btw, which dates did you pick for the 38.2 FIB? thanks...

In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,660
  • Mar 19, 2012 4:20am Mar 19, 2012 4:20am
[IMG]http://s7.postimage.org/les0qlg5z/setup2.jpg[/IMG]

Entered a few trades on sell and buy stops while i was sleeping just now. Most of them in positive pips.

Some indecision again on all the currencies again. Reversing 10 pips all so on each of them while im typing this post.
4 traders viewing now