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X-Man's super simple system 4 hour method 1 reply

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X-Man's Super Simple System

Quoting Vantage
Just wondering if you had seen this R level 3140-ish, EUR weekly chart.
No, I did not see that particular level. I would have put it almost right on the 3100 level looking at my charts, which coincides with the DPV as well. Also failed to notice the significant bullish divergence... Also, a significant bounce currently happening up from this level tells me to watch out. Think I will stay out of this one for the time being and watch where the market takes it. There's enough conflicting signals to make this less than optimal.

The only pair with a valid signal for me this morning was GU. Entered short, and now stopped out at BE. Appears to be stuck between the EMAs, and the squeeze is on. Will wait for a breakout before considering re-entry.

AU's PA is weak, so it's a no go for me at present.
Quoting FXflag
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.
Hi fxflag and welcome to the thread this system work very well... Little advice please make sure u do lots of backtesting this will improve ur edge and get u a nice wheelbarrow of pips

Ps. can u share that changing colour ma u have on ur chart thanks and good luck
Quoting ljin
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.
hi ljin,

despite a very bearish weekly close last week, this week opening price did not follow through for 2 days and retracement was rather shallow. On H4, it looks like price hit a bottom and is in a tight zone between 1.3110 and 1.3000.
With PA below weekly pivot, we may see a narrow range trading this week until the next big news mover like in week 9.

Who wants to and what will drive Euro below 1.3000?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD W1 View 11 Apr 11-4-2012 8-46-18 AM.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting josh11
Hi fxflag and welcome to the thread this system work very well... Little advice please make sure u do lots of backtesting this will improve ur edge and get u a nice wheelbarrow of pips

Ps. can u share that changing colour ma u have on ur chart thanks and good luck
Hello!

I attached the indie.
Attached File(s)
File Type: ex4 GreatTrade_MACD_Color.ex4   3 KB | 336 downloads
Hi,

Did one trade this morning Tokyo session, took partial exit at +41pips and trade now at BE.

H4 looks like a double bottom off last week' low 1.5800 level. Took this trade seeing the rising TDI and cross during Tokyo session. Noted that weekly pivot may pose resistance this week.

Wait and see if PA will break above Weekly pivot today.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1 11 Apr trade 11-4-2012 3-39-09 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Selling G/U right now. Will see how it goes.
Quoting FXflag
Selling G/U right now. Will see how it goes.
I traded short the beautiful pull back candle on EU H1 and was stopped out ...

gary
Quoting gms
I traded short the beautiful pull back candle on EU H1 and was stopped out ...

gary
There's a setup on multiple pairs, which is good looking and go other way. But couse of announcements and Spain problem EU is keep bouncing lake a ball.
I'm tempted to go short but I'm waiting how this 1h candle will close on E/U and A/U
Ive gone short on both e/u and g/u.

There certainly is some large volume today.
I got my short order filled at 1.3125, TP is 1.3075
GU and EUR in sideways chop for last few days. We'll see what US session brings. Hopefully today will see some form of close beyond the recent ranges (3140-3030 and 5925-5800) and clearer direction for tomorrow.

Quite happy to wait this out. Why? Well did 18% ROI from 2% risk from 3 days last week when we felt we did have direction. Yes I know thats a little more than could reasonably be expected (and certainly more than we normally do) but just trying to put into perspective what can be done from an acceptable risk when all is lining up.
Managed to close early G/U at -5. But E/U hit SL -23 pips and A/U SL -17 pips.
Crappy day.
Managed to lose evey trade all this week. Really bad market movements.
Still have my short running, will ride this peaks out
im looking for double top on EU today.. if have strong shooting star i will go short.. =D
Hi,

an attempt to trade NYO in this choppy market condition.

H4 did not manage to close above weekly pivot.
Trade entry after narrow consolidation seen on M15 and H1 inside bar.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 11 Apr trade 11-4-2012 8-39-27 PM.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Entered sell E/U too as it were seems getting down. But as previous attempt failed as despite negative news EU going up. Well see...
What a day. Again EU closed at SL - 15 pips.
i also went short just now and manage to secure +23 pips

but now there is a report say that euro are on rebound..
i wish you best of luck..

btw, where is X-man?? havent see him post lately..
sigh. my short trade was stop out. and the price stop exactly at my SL. if i were to increase my SL by 1 pip. the price would had hit my TP.
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