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X-Man's Super Simple System

  • #6,941
  • Apr 2, 2012 5:02pm Apr 2, 2012 5:02pm
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. I may exit at any time for a smaller profit or a loss. I enter EU H1 trades with a 50 pip TP and a 50 pip EMERGENCY stop loss. Rarely do I allow the SL to be hit. Unless there is a spike while I am away from my charts or my computer crashes, I will exit when my analysis shows price has run it's course.

[size=1]Do you mind explaining...
Hi Phx,

Thank you for all the responses to my questions. I just have a couple further questions if you don't mind answering.

What is the EA that you are using to trail the trade? Could you please post.

How do you know if you are in the ranging market and a switch to trade in the 15 minute time frame is necessary?

Thanks for all the answers to your trading style.
  • #6,942
  • Apr 2, 2012 5:08pm Apr 2, 2012 5:08pm
Hello,
I am new to this forum.
I would like to know the trading method used and the indicators used.
Thank you in advance.
  • #6,943
  • Apr 2, 2012 6:37pm Apr 2, 2012 6:37pm
Quoting ta.bo
Hello,
I am new to this forum.
I would like to know the trading method used and the indicators used.
Thank you in advance.
i recommend reading the thread....
  • #6,944
  • Apr 2, 2012 6:54pm Apr 2, 2012 6:54pm
Quoting IBaim
When I'm seeing a potential setup, the price approaching the SHI daily channel. Selling the tops and buying the bottoms of the channel. Price goes beyond the channel thus the SL keeps getting hit?

Isn't the price suppose to bounce right off the channel or am I missing something here?

hello IBaim

it would help a lot if you post your charts and trades so that we can help you.

it is not correct to assume that price is suppose to bounce off the SHI channel. the SHi channel is an indicator to guide us in our trading and is based on past price data.

we look for price action when price bounce off the upper or lower channel lines. there are also conditions written in the H4 method pdf.
what is required is that you first backtest and see these setups in history.

then forward test / practice this using a demo account. Post your trades and we can discuss and help one another.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,945
  • Apr 2, 2012 6:59pm Apr 2, 2012 6:59pm
Quoting ta.bo
Hello,
I am new to this forum.
I would like to know the trading method used and the indicators used.
Thank you in advance.
hallo tabo,

welcome to this S3 thread.

please go to post #1 and start from there.
all the indicators and system decription pdf are there.

if you are new to forex trading, go to :

http://www.babypips.com/school/

and learn the basics there.

to succeed, you need to read this thread and learn from the members who posted their trades and experiences.

Enjoy the Learning!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,946
  • Apr 2, 2012 9:00pm Apr 2, 2012 9:00pm
hello,
I would like to know what if the signal come in frankfurt session? is frankfurt session also included in london session for this strategy?
  • #6,947
  • Apr 2, 2012 11:19pm Apr 2, 2012 11:19pm
Thanks Emmanuel7788, always look forward to your contributions and analysis. I also use a bit of a break out style using trendlines and s&r lines with consolidation. I thought being the first trading day and a Monday as well volume might be suspect, so i was a bit more conservative. Looks like some news coming to possibly shake things up a bit. See what developes.
Cheers!
Quoting emmanuel7788
Hi Brifx,

There are other ways to get into a trendy move when we missed the LO and NYO H1 entries.
Your observations about how price bounce off the ADR High/Low are good. This also true when price hesitates around the daily pivots and S&R levels.
Another way is to use trendlines. See chart examples.

Cheers!
  • #6,948
  • Apr 2, 2012 11:47pm Apr 2, 2012 11:47pm
This post is regarding the H4 method. The only pair that is near a channel line currently is EUR/USD. But I don't see anything that would make me take the trade, is that correct analysis?

http://i279.photobucket.com/albums/k...usdnotrade.gif
  • #6,949
  • Apr 3, 2012 12:26am Apr 3, 2012 12:26am
anyone played this pullback candle on EUR/USD ?

I've entered long at 1.3335
SL 1.3325
TP 1.3370
  • #6,950
  • Apr 3, 2012 1:44am Apr 3, 2012 1:44am
Quoting Olafff
anyone played this pullback candle on EUR/USD ?

I've entered long at 1.3335
SL 1.3325
TP 1.3370
No idea who will win this fight 3350-3380 is sell area.
  • #6,951
  • Apr 3, 2012 2:01am Apr 3, 2012 2:01am
Quoting gms
Classic S3 setup today ...

gary

Yip, it also showed divergence.

  • #6,952
  • Apr 3, 2012 2:37am Apr 3, 2012 2:37am
Hey all!

My first post, but have been goin through the thread and am itchin to make some pips How u guys findin it? I'm more inclined to trade the 4h swing method because it seems a bit more reliable and stress free! How u all been doin lately? Seen some mad setups on the AudUsd and NzdUsd lately!
  • #6,953
  • Edited 3:44am Apr 3, 2012 2:58am | Edited 3:44am
Boring day so far, even on 15m TF. Sideways movement and a lot of spikes. Especially eurusd and audusd
  • #6,954
  • Apr 3, 2012 4:59am Apr 3, 2012 4:59am
Showing divergence
  • #6,955
  • Apr 3, 2012 6:46am Apr 3, 2012 6:46am
Quoting josh11
Showing divergence

Yip, sold again.

  • #6,956
  • Apr 3, 2012 6:54am Apr 3, 2012 6:54am
Hello,
placed a short order on e$.
Reasons: engulfing bar 4HR chart, the price broke PAC (by Dean Malone synergy strat), TDI green line going down near 50 zone, price broke support 61.8 fibonacci @ 1,3312

Entry @ 1,33085
SL @ 1,33667
TP @ 1,32497
  • #6,957
  • Apr 3, 2012 7:03am Apr 3, 2012 7:03am
Quoting matlobien
Yip, sold again.


+ 50

  • #6,958
  • Apr 3, 2012 7:36am Apr 3, 2012 7:36am
Quoting Luchetto93
Hello,
placed a short order on e$.
Reasons: engulfing bar 4HR chart, the price broke PAC (by Dean Malone synergy strat), TDI green line going down near 50 zone, price broke support 61.8 fibonacci @ 1,3312

Entry @ 1,33085
SL @ 1,33667
TP @ 1,32497
I'm not seeing much movement, i'll divide my SL and TP. Not more 60 pips, but 30.
  • #6,959
  • Apr 3, 2012 8:00am Apr 3, 2012 8:00am
Quoting Luchetto93
Hello,
placed a short order on e$.
Reasons: engulfing bar 4HR chart, the price broke PAC (by Dean Malone synergy strat), TDI green line going down near 50 zone, price broke support 61.8 fibonacci @ 1,3312

Entry @ 1,33085
SL @ 1,33667
TP @ 1,32497

Hi Luchetto,

I have a slight different H4 view hence would not take a sell trade on H4.

H1 enrty is late now and logical SL if attractive .

Anyway, just sit tight and manage.



Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 view 3 Apr 3-4-2012 8-45-57 PM.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,960
  • Apr 3, 2012 8:36am Apr 3, 2012 8:36am
Closed my position -16 pips. Really a bad entry today, the price was near the 200 EMA zone and trend line. That gave a lot of support and the price went down just 9 pips, not enough for my TP.

Let's see if i can do some other trades today or trade directly tomorrow.
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