Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Super Simple System for Scalping 177 replies

Super Simple System 314 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 176 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

Quoting emmanuel7788
Hi everyone,
tough day to find an entry to jump into this bearish move!
Quoting ljin
indeed. i cant find entry for this eur/usd short move.
Just a simple TDI cross and LL entry on H1. Confirmed by a break out on M15.

gary
Attached Images
Quoting emmanuel7788
Hi everyone,

tough day to find an entry to jump into this bearish move!

but I see more bearish move as market sentiments turn to safe haven like USD despite its weakness. this morning Tokyo open with no ratracement and it broke previous day low, so I see it will taget the fib 161%.

next week, still sell ... but sell high!

check your W1 and MN candle/bar p[attern.

cheers,
Hi Emmanuel,.

very nice prediction
would you please teach me how to draw the fibonacci on H4?
like 100, 161% etc..
cause I'm very new in this market (forex)

thanks,.

regard
Quoting IBaim
It can go lower, but keep in mind that price is in the oversold area.
Hi Ibaim

After an engulfing close like Y from a proven R area (3360 ish) I would have little doubt that a day like today would be sell only.

Indi can stay OB or OS for some time. With pa staying below Y's low for me a reasonably easy sell decision.

My 2c worth.
Attached Image (click to enlarge)
Click to Enlarge Name: 7.gif Size: 17 KB
Quoting Vantage
You could have mentioned neg divergence (both), au stall at low of D 14 Mar so acting as a R level on move up, but hey that'd be nit picking.

If this is how you trade after 6 posts then it could be very interesting what you do with some more time under your belt.

Well done. Great you are showing charts with your entries.
Thanks for the compliments. It feels good to know that I'm doing something right.

I spotted the negative divergence on GU (mentioned it in a previous post or two). It was plain as day. I've been looking pretty hard to find it on AU, however I'm failing to see any significant negative divergence there. Is it on H4 TF? Would you mind pointing it out for me?

The stall on the daily is not something that I saw, but a quick glance shows that it seems to correlate pretty well to continuation of trends. I've got something else to add to my backtesting checklist, and another tool in the box. Thanks!

Also, I'm out of AU for good. We're testing some major daily resistance here, and the channel, and PA has stalled out. Possible reversal in the works. I would say that a reversal is probably more likely here than a continuation.

GU, we're testing the 200EMA right now, and some decent resistance on the daily. If this breaks, we have another 200 pips of room before next major resistance. I'm looking for a re-entry here.
Quoting nGoldenm
Thanks for the compliments.

I've been looking pretty hard to find it on AU, however I'm failing to see any significant negative divergence there. Is it on H4 TF? Would you mind pointing it out for me?
An absolute pleasure.

Neg divergence was marginal but there for me.

Neg divergence on a lower time frame to revert into the bigger pic trend (see D) is for me much better divergence.

Of course when D divergence kicks in thats also very nice.
Attached Image (click to enlarge)
Click to Enlarge Name: 8.gif Size: 16 KB
Attached Image
And I think this was it on 1hr.
Attached Image (click to enlarge)
Click to Enlarge Name: 9.gif Size: 16 KB
Quoting hargiyo84
Hi Emmanuel,.

very nice prediction
would you please teach me how to draw the fibonacci on H4?
like 100, 161% etc..
cause I'm very new in this market (forex)

thanks,.

regard

Hi,

see attached chart which shows how you can add those fibo levels.

Enter the data as shown, be careful when entering the number value e.g. -0.618 and the ... %% %$ .

Also you need to learn how to draw channels using swing points.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Fibo Tool add levels .png Size: 100 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Hi,

An example of H1 entry :
Market condition ... very bearish close previous day, expect to see retracement and break of day Low wtih fibo extension as target.

Tokyo open bearish and retraced slight testing yesterday low with several IBs. Price bounce off the previous day low with pin bar.

See chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4 Apr H1 trade entry 4-4-2012 9-56-33 PM.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
...
as we approach Frankfurt and London market closing in 1-2 hours, expect to see some pullback as profit taking.

after that US market will dictate if there will more selling or correction.

wait for PA to show the next move.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
Hi,

An example of H1 entry :
Market condition ... very bearish close previous day, expect to see retracement and break of day Low wtih fibo extension as target.

Tokyo open bearish and retraced slight testing yesterday low with several IBs. Price bounce off the previous day low with pin bar.

See chart.
Hi em, great wrk as alway

Was wondering if u could share ur ATR indicator many thanks
Quoting josh11
Hi em, great wrk as alway

Was wondering if u could share ur ATR indicator many thanks

hi josh,

the link to the !SM ADR Marker.ex4 indicator was posted here:

page 214 post#3208



http://www.forexfactory.com/showthre...46#post5257846 ,,,,post#69

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Hi,

My view of today EU trading.
Mindful that tomorrow most markets across the world will be closed for the Easter long weekend, so I doubt many traders would be keeping their positions over the long weekend.

Also tomorrow is the notorious NFP trading day. It will most likely to be low liquidity before that, but be prepared for surprise moves by big movers like BOC being one.

Trade with caution always.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 5 Apr H1 view 5-4-2012 8-30-50 AM.png Size: 76 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
Hi,

My view of today EU trading.
Mindful that tomorrow most markets across the world will be closed for the Easter long weekend, so I doubt many traders would be keeping their positions over the long weekend.

Also tomorrow is the notorious NFP trading day. It will most likely to be low liquidity before that, but be prepared for surprise moves by big movers like BOC being one.

Trade with caution always.
Ditto that.

EU - I see a retracement up to and beginning to reverse between the 1.3200 BRN and the 38.2 Fib level. A continuation of downward pressure after that. There's also H4 support (now resistance) that was tested and failed at least 3 times between 3.20-3.22.2012 (even more significant if you go back further). Tested and failed several times on D as well. If LO is bearish, I would look to take my profits and run before the long weekend between the 1.3050 and 1.3000 (BIG round number) if it gets there.

GU - Looking for a further move down after a slight retracement between the 1.5930 level (DPV, 60EMA, and 38.2 Fib on H4) and where it is now (1.5900). Will look to target the 1.5800 level before the weekend (next H4 resistance and near the 127 fib-e).
Im looking for a bounce at fibbo 23.6
since poor spain bond sale, i think eur will go down.. this LO im looking opurtunity to short like yesterday.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 40 KB

hope for the best.

btw, how long is the easter holiday??
Quoting capab
btw, how long is the easter holiday??
From Friday till Monday, 4 days.

http://www.forexfactory.com/calendar...th=4&year=2012
Quoting emmanuel7788
hi josh,

the link to the !SM ADR Marker.ex4 indicator was posted here:
Does anyone have a description of the settings of this great indi? Couldn't find one in the other thread.

gary
Quoting emmanuel7788
hi josh,

the link to the !SM ADR Marker.ex4 indicator was posted here:

page 214 post#3208



http://www.forexfactory.com/showthre...46#post5257846 ,,,,post#69

regards,
Thank you very much very kind of you... happy trading
Shorted at 1.3150 took 60% off 1.3096 and target is 1.3055.

Thanks em for indicator will hopefully hit ATR low for today

Stops @ BE

Happy Trading guys
anyone see that big movement on eur/usd? i am not sure what make it move like 100 pips. i thought for sure that it would move for 50 pips and wait until unemployed claim to make further move or pullback
I want to ask, what was wrong with this trade, that I wouldn't do this again.
The pullback candle bounced from EMA200, I see divergence too, bounce of blue bands, it looked like a good opportunity yo buy. Is it because of higher highs and lower lows forming?
Attached Image (click to enlarge)
Click to Enlarge Name: euyesterday.gif Size: 34 KB
0 traders viewing now