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X-Man's Super Simple System

  • #6,881
  • Mar 28, 2012 3:57pm Mar 28, 2012 3:57pm
Probably a good setup if tonight or at LO price close in the area below 1.3300 with a possible TP of 1.3200
Attached Image (click to enlarge)
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Forex is boring but profitable with patience and discipline
  • #6,882
  • Edited 6:28pm Mar 28, 2012 5:24pm | Edited 6:28pm
Quoting arti86
hi guys, there is so many pages to read, can any one quickly explain when to buy/sell? Because I still don't understand it :/
Or just give me link where to find description. Thanks a lot
Hello arti86,

here is the link you asked for : http://www.forexfactory.com/showthread.php?t=327972
there are attachments there in post#1 which explains the complete system. The rest is up to you to practice. You need to know technical analysis, price action , money management and how to manage your trading psychology.

X-Man is the teacher of his S3 system.
A teacher will only open the door
You need to take that first step through that open door and begin your S3 trading journey.

Have Smooth Learning Journey!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,883
  • Mar 28, 2012 5:54pm Mar 28, 2012 5:54pm
Quoting hale-mary
wow. this thread has gone awfully silent for the past few weeks

hi HM,

good to read that your are still viewing this thread for the past weeks.
I observed that there are still many viewers during London and US sessions. Also some new members/junior members are posting for the first time which I find encouraging when they start to ask questions and learn. Of course there are many passive viewers whom I am sure they read and learn too but they do not post nor ask questions. Just a general cyber world behaviour we have to live with.

how is your trading? I don't see any more of your trade postings nor questions.

Have a good trading day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,884
  • Mar 28, 2012 6:17pm Mar 28, 2012 6:17pm
Hi,

this pair is sideway trading within 1.3362 and 1.3280.
I will look for intraday trade with small target expectation until the breakout. Price may trade between the daily pivots levels, but be prepared for breakout beyond DR1 or DS1.

Under such narrow ranged condition, I will try trading on M15.
Keep to basic price action with TDI and APB as guide.

Have a Good Trading Day!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 29 Mar view 29-3-2012 8-56-58 AM.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,885
  • Mar 28, 2012 6:41pm Mar 28, 2012 6:41pm
Quoting hale-mary
wow. this thread has gone awfully silent for the past few weeks
I feel the whole essence of the thread has been lost. All people want is the latest pointless indicator, or even simpler, "post your template". When you see the clear charts from Phx62, probably one of the most consistantly winning traders, and compare some peoples' charts, that look like a map of the London Underground, it's no wonder the seniors here have gone elsewhere.
All you touch and all you see, is all your life will ever be.
  • #6,886
  • Mar 28, 2012 6:52pm Mar 28, 2012 6:52pm
Trade of yesterday, didn't entered the TP when took the trade, updated the TP few hours ago and it seems gonna hit TP while I am asleep.
Attached Image (click to enlarge)
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Forex is boring but profitable with patience and discipline
  • #6,887
  • Mar 28, 2012 11:13pm Mar 28, 2012 11:13pm
Hi,

A narrow ranged Tokyo session of 25pips.
Overall markets traded lower today in Asia, spill over from last night US market.
Looks like volume increase when FFM open. Maybe a break to the upside then reverse later as traders will chase price momentum. Who drive the price Up and down?

Be nimble!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,888
  • Mar 28, 2012 11:29pm Mar 28, 2012 11:29pm
Quoting emmanuel7788
Hi,

this pair is sideway trading within 1.3362 and 1.3280.
I will look for intraday trade with small target expectation until the breakout. Price may trade between the daily pivots levels, but be prepared for breakout beyond DR1 or DS1.

Under such narrow ranged condition, I will try trading on M15.
Keep to basic price action with TDI and APB as guide.

Have a Good Trading Day!

Hi,

Just open trade using M15:

EP - 1.3335 break of Asian high.
SL - 50pips =R
TP1 - 50 pips ( +1R move BE) partial exit 60%
TP2 - ADR high
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,889
  • Mar 29, 2012 1:09am Mar 29, 2012 1:09am
Quoting Phx62
How can you have a 50 pip or swing high or low stop but at the same time exit early with only a few pips loss (this can't be achieved)?
I trade this way almost every day....it can be done.
Thank you Phx62 for the detailed explanation in post 6882! Very helpful!

gary
  • #6,890
  • Mar 29, 2012 1:46am Mar 29, 2012 1:46am
Quoting emmanuel7788
Hi,

Just open trade using M15:

EP - 1.3335 break of Asian high.
SL - 50pips =R
TP1 - 50 pips ( +1R move BE) partial exit 60%
TP2 - ADR high
hi, emmanuel

why you long?
can you please explain?
is'n it time to short?

thanks
Attached Image (click to enlarge)
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  • #6,891
  • Mar 29, 2012 2:28am Mar 29, 2012 2:28am
Quoting hargiyo84
hi, emmanuel

why you long?
can you please explain?
is'n it time to short?

thanks
hi hargiyo,

notice this is your first post on this thread. welcome!

I posted my trade intention today on post#6888 also my week 13 trade plan on post#6792.

I still hold the view that this pair will find support at 1.3280 and may target 1.3450 this week.

After monday bullish rally, market has been sideway for 2 days. With Tokyo first half session being narrow range, I attempt a breakout to the upside when Frankfurt open since I see 1.3320 was holding quite well on H4.

But right now, the market has decided otherwise as Euro is much weaker than USD and JPY with sellers driving price down on EURJPY bringing this pair down as well.

Note: this trade was taken on M15, my first attempt using M15. TDI M15 crossed up, APB showed bullish. Target was small within the pivots levels. There was no S3 EU H1 setup condition when I open my trade earlier.

Hope this explains clearly.

Cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,892
  • Mar 29, 2012 2:51am Mar 29, 2012 2:51am
Quoting emmanuel7788
hi hargiyo,

notice this is your first post on this thread. welcome!

I posted my trade intention today on post#6888 also my week 13 trade plan on post#6792.

I still hold the view that this pair will find support at 1.3280 and may target 1.3450 this week.

After monday bullish rally, market has been sideway for 2 days. With Tokyo first half session being narrow range, I attempt a breakout to the upside when Frankfurt open since I see 1.3320 was holding quite well on H4.

But right now, the market has decided otherwise as Euro is much weaker...

thanks for your explanation,.
I just look H1 TF

do you usually trade in M15 when market is in small range?
or just wait until H1 setup is ok?
btw are you from singapore?
I'm sorry if my english language is not good.
i'm Indonesian and very junior,.

thanks again
regard.
  • #6,893
  • Mar 29, 2012 4:43am Mar 29, 2012 4:43am
Quoting emmanuel7788
Hi,

Just open trade using M15:

EP - 1.3335 break of Asian high.
SL - 50pips =R
TP1 - 50 pips ( +1R move BE) partial exit 60%
TP2 - ADR high

Hi,
This trade closed with SL hit. Did not manage to cut loss early as I stuck to my plan.
Now waiting for this current H4 to close and NYO to see if there will be reversal or continuation. 1.3280 still holding this H4 candle.
rgds,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,894
  • Mar 29, 2012 4:49am Mar 29, 2012 4:49am
Quoting hargiyo84
thanks for your explanation,.
I just look H1 TF

do you usually trade in M15 when market is in small range?
or just wait until H1 setup is ok?
btw are you from singapore?
I'm sorry if my english language is not good.
i'm Indonesian and very junior,.

thanks again
regard.

Hi hargiyo

I don't usually trade M15, today is first attempt using TDI and APB on M15.
For S3 EU LO and NYO trades, it is better to stick to H1 timeframe. This has been proven to be effective and X-man has shown us the way to trade it. Just need a lot of practice.

Yes, I am currently in Singapore. Will be travelling back to DownUnder for few months stay there.

cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,895
  • Mar 29, 2012 8:36am Mar 29, 2012 8:36am
Whatever has happened to X-Man?
  • #6,896
  • Mar 29, 2012 10:06am Mar 29, 2012 10:06am
I think he got married, so trading is over.... :-))))

Quoting JoelD
Whatever has happened to X-Man?
"All good things come to those who wait..."
  • #6,897
  • Mar 29, 2012 11:01am Mar 29, 2012 11:01am
Quoting lostfx
I think he got married, so trading is over.... :-))))
I think it was his brother who got married. X-Man was very involved with everything.
  • #6,898
  • Mar 29, 2012 1:39pm Mar 29, 2012 1:39pm
Hey Guys,

I have a custom indicator for price but it gets glitchy if i have 2 price alerts on one chart... Also, I find the stock one cumbersome. If anyone has an alert that works well could you please tell me what its called or upload? Thanks in advance!

Also I took a trade today based off 4hr G/J... My handy price alert allowed me to know that it go near that resistance and I took a shot at it... worked out for 60 pips... was up 80 but it snapped back at the trendline so I got out unfortunately... I'm still new to being on this side of trades so i'm not so good at t/p's as I am at s/l's lol...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 03.29.12.gif Size: 29 KB
  • #6,899
  • Mar 29, 2012 3:24pm Mar 29, 2012 3:24pm
Quoting mary4x
I think it was his brother who got married. X-Man was very involved with everything.
Well, depending on how you read that statement !!! ???

Let's hope he is not too involved
It takes a lot for me to IGNORE you, but you can try.
  • #6,900
  • Mar 29, 2012 5:47pm Mar 29, 2012 5:47pm
Quoting Phx62
I have been doing some testing using M15 entries while monitoring the H1 charts....trying to get earlier entries but still not get caught in the whipsaws of the smaller time frame......still a work in progress.

If you look at your H1 chart, only the first BE trade was not signaled with a cross of the TDI. The other 2 trades WERE signaled on the H1 chart....trade 2 was signaled at the same time and trade 3 was signaled an hour later.....the problem is that the market is ranging today and only moved a total of 68 pips so far.....in a ranging market...
Phx62 been reading your posts. andI have to ask. What tells you the market is ranging because on these days you ALWAYS seem to go the 15 min.Yet, on days that have actual movement you go straight to one hour chart and ride it out.

You seem to ride out the moves even in the ranging times as well as trending times. What tells you this what do you look at. I cant figure out PA with the synergy bars. Maybe I am not that great with them.

But hours of chart time and PA studying will not give me this type of acumen. What do you look at? You even know when the day will be bad to trade as I have seen in some posts when you say you dont take a trade? Do you look at fundamentals? Your posts are good, but I dont know what you look at.
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