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X-Man's Super Simple System

  • #7,041
  • Apr 9, 2012 7:24am Apr 9, 2012 7:24am
http://www.google.co.uk/search?q=cur...&client=safari
  • #7,042
  • Apr 9, 2012 9:05am Apr 9, 2012 9:05am
very clear pullback candle on h1. is this time to buy? hmm. daily pp will pose a threat , but personally i would like to go for long here.
any thought guys?
  • #7,043
  • Apr 9, 2012 10:04am Apr 9, 2012 10:04am
I think I will be sitting this session out. There doesn't appear to be much market movement currently.

Waiting till tomorrow here.
  • #7,044
  • Apr 9, 2012 10:05am Apr 9, 2012 10:05am
Quoting Erebus
just keep this tab as one of your homepages, it will open each time you start your computer

http://www.forex4noobs.com/forex-tools/forex-clock/

Thanks, nice link.
  • #7,045
  • Apr 9, 2012 10:34am Apr 9, 2012 10:34am
today really a stressful trade for me . sigh. got out with total +18 pips but very stressful hold the trade very long to get just a few pips. really not a good day to trade.
really i learned not to trade at this time now lol.
  • #7,046
  • Apr 9, 2012 10:43am Apr 9, 2012 10:43am
This is off topic to this thread but because this thread is such a great community i wanted to share a particular issue. Beware of forex.com, i.e. gain capital group. On low volume days such as this they manipulate prices on stop and limit orders to activate them and get their commission on the spread. I am not by any means suggesting anyone change brokers if they are with forex.com nor will i ever suggest another broker on any thread. Just something to keep in mind if you are with them and are plotting trades on days such as these. Good luck all!
  • #7,047
  • Apr 9, 2012 11:33am Apr 9, 2012 11:33am
Quoting ljin
very clear pullback candle on h1. is this time to buy? hmm. daily pp will pose a threat , but personally i would like to go for long here.
any thought guys?
I would have entered at the next candle, another good trade with 1:1 ratio with SL at the swing low. +20 pip
  • #7,048
  • Apr 9, 2012 11:43am Apr 9, 2012 11:43am
Is anyone using an EA that allows you to drag SL and TP right on the chart instead of modifying the order?
  • #7,049
  • Apr 9, 2012 12:18pm Apr 9, 2012 12:18pm
Try Quik trailing EA bud!
  • #7,050
  • Apr 9, 2012 1:39pm Apr 9, 2012 1:39pm
Quoting IBaim
Is anyone using an EA that allows you to drag SL and TP right on the chart instead of modifying the order?
Yes, using this one: http://www.tradingsoftwaresolutions.com/
works with MT4
"All good things come to those who wait..."
  • #7,051
  • Apr 9, 2012 5:48pm Apr 9, 2012 5:48pm
Is anyone using an EA that allows you to drag SL and TP right on the chart instead of modifying the order?

Yes try this one
Attached File(s)
File Type: ex4 SL-TP_move-by-Mouse (1).ex4   12 KB | 467 downloads
  • #7,052
  • Apr 9, 2012 6:35pm Apr 9, 2012 6:35pm
Quoting IBaim
Is anyone using an EA that allows you to drag SL and TP right on the chart instead of modifying the order?
check out this one.
It can place order using a trendline on your chart too and multiple exits.

http://www.forexfactory.com/showthre...hlight=tipster
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,053
  • Apr 9, 2012 9:48pm Apr 9, 2012 9:48pm
I've been out of the market for the past few days because of the low liquidity due to the holiday. I'm eyeing most of the majors for a short in the near future. Lot of pips on the table here.

EU - Latest overall trend is down. Price has been creeping up over the holiday due to the major markets being closed over the holiday. Price is approaching the 38.2 Fib and the 60 EMA. I see a bounce down happening in the near future. TDI confirms with a break of the blue bands to the upside indicating an overstretched bullish momentum. Next area of daily resistance on the downside is 140 pips away at present. Be cautious as the uptrend may continue until the 50 Fib level has been reached, which coincides with the 200 EMA and daily resistance on the upside. However, read below, because if they go down quickly, they'll likely carry EU with them.

GU - Pretty much the same story, except we're approaching the 50 Fib level on this one. With the holiday, we could have a delayed bounce down from daily resistance at 1.5880, 38.2 Fib, and the 60 EMA. TDI also confirms with a touch of the blue bands on the upside. 125 pips to the next probable major resistance at the daily 60 EMA, daily 200 EMA, and BRN at 1.5800. If it can break through that, it's a free fall to between the 1.5700 BRN and 1.5660 channel touch.

AU - Same old, same old. I'm looking for a bounce down from the 60 EMA and the 50 Fib level. Bounce is forming as I type. If it holds, next probable resistance is 100-125 pips away at the latest low and BRN at 1.0200.

Several of the crosses should follow suit if this analysis holds true. I would be hesitant to trade these if the majors follow this pattern (since they seem to trend much nicer). Don't get greedy...
  • #7,054
  • Apr 9, 2012 11:11pm Apr 9, 2012 11:11pm
i close my long order at BE yesterday. but 30minutes after i close it started to rose for more than 50 pips...
lesson learned to stick plan
  • #7,055
  • Apr 9, 2012 11:28pm Apr 9, 2012 11:28pm
Thank you all for posting the EAs, will take a look at each one individually.
  • #7,056
  • Apr 9, 2012 11:35pm Apr 9, 2012 11:35pm
Quoting ljin
i close my long order at BE yesterday. but 30minutes after i close it started to rose for more than 50 pips...
lesson learned to stick plan
hi ljin,

I am not sure what made you close your trade. The setup as you spotted with a pin-bar was a nice one and since the DPv was tested when earlier before that pin-bar and price did not fall down below DS1, it was indication that there were not strong sellers.
There was TDI confirmation after that pin-bar.

I see Weekly pivot is the bigger threat than the DPv. Let's see if the retracement will bring price above the Weekly Pivot and find support there for a uptrend move.

There are some good opportunities this week, I look for weaker JPY and USD.

Have a good trading day ahead.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 9 Apr update 10-4-2012 7-38-07 AM.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,057
  • Apr 10, 2012 1:59am Apr 10, 2012 1:59am
Quoting emmanuel7788
hi ljin,

I am not sure what made you close your trade. The setup as you spotted with a pin-bar was a nice one and since the DPv was tested when earlier before that pin-bar and price did not fall down below DS1, it was indication that there were not strong sellers.
There was TDI confirmation after that pin-bar.

I see Weekly pivot is the bigger threat than the DPv. Let's see if the retracement will bring price above the Weekly Pivot and find support there for a uptrend move.

There are some good opportunities this week, I look for weaker...
well. what make me close my trade is because london session is going to end in 30 minutes. and yes. after i close my order, i suddenly realize that i make a mistakes .
  • #7,058
  • Apr 10, 2012 4:06am Apr 10, 2012 4:06am
Quoting nGoldenm
EU - Latest overall trend is down. Price has been creeping up over the holiday due to the major markets being closed over the holiday. Price is approaching the 38.2 Fib and the 60 EMA. I see a bounce down happening in the near future. TDI confirms with a break of the blue bands to the upside indicating an overstretched bullish momentum. Next area of daily resistance on the downside is 140 pips away at present. Be cautious as the uptrend may continue until the 50 Fib level has been reached, which coincides with the 200 EMA and daily resistance on...
Just wondering if you had seen this R level 3140-ish, EUR weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #7,059
  • Apr 10, 2012 4:26am Apr 10, 2012 4:26am
in my opinion. eur will down further from now on, because on daily chart, the price just bounce from fib 61.8 and going down. furthermore, it is still downtrend i think.
  • #7,060
  • Apr 10, 2012 7:12am Apr 10, 2012 7:12am
Hello everyone!

I'm new to this system and i just entered in EU buy trade on live account. And i must say, that this system is right now simplest i've seen. I merged here from another system thread on this forum as this system very much suits me.

Thank you X-Man and everyone contributing this thread!

P.S. Please mind MACD and MAs as i were testing them.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 49 KB
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