X-Man's Super Simple System | Page 342 | 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

  • #6,821
  • Mar 26, 2012 8:05pm Mar 26, 2012 8:05pm
Quoting IBaim
This must not be normal!

+200 pips on the EU,EJ,GU, and AU @ +50 pips per pair.

Still trading on a demo but this is very encouraging results.

Nice intraday profits, congrats!
Recommend that you do your trade journal and document these trades taken.
- do charts showing pre-trade analysis, setups, trade entry and exits
- write your reasons and thoughts behind these trades
- how to improve in trade management to maximise profits
- money management and risks in taking a basket of trades


These will help you look for more future trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,822
  • Mar 26, 2012 8:35pm Mar 26, 2012 8:35pm
The candle number is 10 but the rationale behind is the same. Close above resistance and space to run.

The market doesn't count number of candles but simply remember S&R.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 23 KB
Forex is boring but profitable with patience and discipline
  • #6,823
  • Mar 26, 2012 8:38pm Mar 26, 2012 8:38pm
Hit the TP and reverse as expected. A quick 30 pips profit in and out.

The rationale is again S&R.

Guess enough rant on S&R for a day - lol
Attached Image (click to enlarge)
Click to Enlarge Name: audchf.gif Size: 22 KB
Forex is boring but profitable with patience and discipline
  • #6,824
  • Mar 26, 2012 11:10pm Mar 26, 2012 11:10pm
Quoting prftablefool
Hit the TP and reverse as expected. A quick 30 pips profit in and out.

The rationale is again S&R.

Guess enough rant on S&R for a day - lol
ahha thanks prftable
i guess the skill is reading the PA well
this will come with time im sure
  • #6,825
  • Mar 27, 2012 1:46am Mar 27, 2012 1:46am
Hi.

I don't like the outlook of pair being bulish, but... d1 retracement of 64 to 115 pips is possible, so... anybody looking to short today?

BR
  • #6,826
  • Mar 27, 2012 1:52am Mar 27, 2012 1:52am
Hi,

Just enter a short EP 1.3343
SL 36pips
TP1 daily pivot
TP2 - 1.3265
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 27 Mar Trade 27-3-2012 2-38-25 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,827
  • Mar 27, 2012 2:17am Mar 27, 2012 2:17am
Quoting emmanuel7788
Hi,

Just enter a short EP 1.3343
SL 36pips
TP1 daily pivot
TP2 - 1.3265
Entered too the same LONG...

Thanks ET !
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,828
  • Mar 27, 2012 2:38am Mar 27, 2012 2:38am
Quoting Awin
Entered too the same LONG...

Thanks ET !
Same long? Emmanuel went short...
  • #6,829
  • Mar 27, 2012 2:49am Mar 27, 2012 2:49am
Quoting Liberum
Same long? Emmanuel went short...
Geez! Thanks Liberum! My mind is so much in the trade, I even typed wrong! Thanks for the correction mate!..

I went SHORT, sorry guyz!
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,830
  • Mar 27, 2012 2:52am Mar 27, 2012 2:52am
Quoting Liberum
Same long? Emmanuel went short...
ok, I will add Long later after this minor correction.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,831
  • Mar 27, 2012 2:56am Mar 27, 2012 2:56am
Price came all the way back up, seems like a small pin bar
  • #6,832
  • Mar 27, 2012 3:03am Mar 27, 2012 3:03am
Quoting Con
Price came all the way back up, seems like a small pin bar
well maybe someone stirring his hand in the pot for more stops ... more yesterdays' buyers will tighten their stops closer and closer ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,833
  • Mar 27, 2012 3:14am Mar 27, 2012 3:14am
Eurusd found support at Weekly R1
  • #6,834
  • Mar 27, 2012 3:47am Mar 27, 2012 3:47am
well, i also took short on eur/usd just like emanuel and also short on gbp/usd, unfortunately there was that support on weekly R1 like Liberum already wrote, so far -26 pips for me
  • #6,835
  • Mar 27, 2012 3:58am Mar 27, 2012 3:58am
Quoting Mav13
well, i also took short on eur/usd just like emanuel and also short on gbp/usd, unfortunately there was that support on weekly R1 like Liberum already wrote, so far -26 pips for me

just sit tight for a while... as there is a fight between EURGBP going on.

my WR1 is 1.3362 which is resistance, note - I use Tokyo Monday open as beginning of week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,836
  • Mar 27, 2012 4:08am Mar 27, 2012 4:08am
Quoting emmanuel7788
Hi 2be,

I don't see any S3 H4 type setup.
Can you share your thoughts why you took this trade and how you derive the 50pips as trailing stop for current market type.

Thanks
Hi,
Good question,
Have taken the trade using Daily cycles called Delta, and have seen the possibility that the move has fulfilled the minimum criteria for a possible reversal.
If you you would like to know more about Delta cycles please PM me, I do not want to confuse this thread with another approach for longer time frame trades.
50 pips is around half of daily ATR for G/U, so if there is a meaningful reversal on G/G which I am expecting soon to happen, then by using trailing stop I am aiming to protected some profits. This is a very conservative trailing stop for this kind of trade in the initial stages, without the actual confirmation of that reversal, but once it happens I shall add to the shorts, or re-establish short position/s if I am taken out, when I have a trigger on M30 TF.
Make sure losses are small and profits are bigger!
  • #6,837
  • Mar 27, 2012 4:26am Mar 27, 2012 4:26am
Quoting emmanuel7788
just sit tight for a while... as there is a fight between EURGBP going on.

my WR1 is 1.3362 which is resistance, note - I use Tokyo Monday open as beginning of week.
On my chart it's at 1.33306
  • #6,838
  • Mar 27, 2012 4:32am Mar 27, 2012 4:32am
Quoting 2be
Hi,
Good question,
Have taken the trade using Daily cycles called Delta, and have seen the possibility that the move has fulfilled the minimum criteria for a possible reversal.
If you you would like to know more about Delta cycles please PM me, I do not want to confuse this thread with another approach for longer time frame trades.
50 pips is around half of daily ATR for G/U, so if there is a meaningful reversal on G/G which I am expecting soon to happen, then by using trailing stop I am aiming to protected some profits. This is a very conservative...

Hi,
thanks.
Interesting that you use delta phenomenom here.
would be higher probablility if supported with a possible RSI bearish divergence on H4 or a bearish bar or chart pattern as 1.600 is key psych level.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,839
  • Mar 27, 2012 4:43am Mar 27, 2012 4:43am
Quoting emmanuel7788
Hi,
thanks.
Interesting that you use delta phenomenom here.
would be higher probablility if supported with a possible RSI bearish divergence on H4 or a bearish bar or chart pattern as 1.600 is key psych level.
yes indeed, H4 and daily with Delta cycles works well, (when it does work!)
Bearish divergence is in the process of being printed as for the last few bars on H4, But I agree for a heavy short we need a confirmation. Once that is established I shall short with a large position aiming at 1.5660 as a profit target in a few days.
Make sure losses are small and profits are bigger!
  • #6,840
  • Mar 27, 2012 5:41am Mar 27, 2012 5:41am
Quoting emmanuel7788
Hi,

Just enter a short EP 1.3343
SL 36pips
TP1 daily pivot
TP2 - 1.3265

Trade closed. SL git hit by the H1 spike... -36pips.

Back to waiting game for next setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
1 trader viewing now