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X-Man's Super Simple System

  • #7,081
  • Apr 11, 2012 10:45am Apr 11, 2012 10:45am
Well, just partly recovered from losses. Closed EU trade for +28 pips.
  • #7,082
  • Apr 11, 2012 11:42am Apr 11, 2012 11:42am
Quoting ljin
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.
How many pip did you give range for a stop loss???
  • #7,083
  • Apr 11, 2012 11:59am Apr 11, 2012 11:59am
Quoting FXflag
Hello!

I attached the indie.
Sorry for late reply ben out all day shopping,

Thank u very much but I meant the changing colour channel thats goin through the candles....

Stuck with it and do lots of backtesting and u will find this system is highly profitable good luck
  • #7,084
  • Apr 11, 2012 12:26pm Apr 11, 2012 12:26pm
Quoting josh11
Sorry for late reply ben out all day shopping,

Thank u very much but I meant the changing colour channel thats goin through the candles....

Stuck with it and do lots of backtesting and u will find this system is highly profitable good luck
Ow, that one. This is commercial indie. So i cannot send it as it uses serial code. It shows rsi reversals (which is very helpful). Yes, need to do backtest again. Today i was pretty grind down.
  • #7,085
  • Apr 11, 2012 12:30pm Apr 11, 2012 12:30pm
Quoting FXflag
Ow, that one. This is commercial indie. So i cannot send it as it uses serial code. It shows rsi reversals (which is very helpful). Yes, need to do backtest again. Today i was pretty grind down.
Ok thanks mate and best of luck...
  • #7,086
  • Apr 11, 2012 7:32pm Apr 11, 2012 7:32pm
Choppy market conditions, but a few pairs met my criteria earlier.

AUDUSD - LONG

Attached Image


Entered on close of first blue candle, channel touch, TDI cross of TSL and MBL. Closed on second failed test of the 60EMA. I didn't like the PA of this one. Not really nice strong momentum. +24 pips

NZDUSD - LONG

Attached Image


Same story, but no channel touch. Was trading the bounce up from the 60EMA. Exited for the same reasons as above, not liking the choppy price action or dedication to the up movement. +17 pips

USDCAD - SHORT

Attached Image


Not my favorite pair to trade, seems to be inconsistent. Was trading the channel bounce down, TDI break of the blue bands, pair hasn't been above this high since January. Exited due to the indecision in the market at BE. +0 pips.


Still think these are possible good trades, but will need to see some clear direction in the market before re-entering.

Total of +41 pips for the day. Not too bad in such a choppy market.
  • #7,087
  • Apr 11, 2012 9:02pm Apr 11, 2012 9:02pm
Quoting nGoldenm
Choppy market conditions, but a few pairs met my criteria earlier.

AUDUSD - LONG

Attachment

Entered on close of first blue candle, channel touch, TDI cross of TSL and MBL. Closed on second failed test of the 60EMA. I didn't like the PA of this one. Not really nice strong momentum. +24 pips

NZDUSD - LONG

Attachment

Same story, but no channel touch. Was trading the bounce up from the 60EMA. Exited for the same reasons as above, not liking the choppy price action or dedication to the up...
And a positive news report for the AUD shoots AU up another 40 pips minutes after I closed my trade. Oh well, can't win them all.
  • #7,088
  • Apr 11, 2012 11:42pm Apr 11, 2012 11:42pm
Quoting capab
How many pip did you give range for a stop loss???
around 22 pips i think. because i put at 1.3156 (minus spread become 1.3153) . i thought its enough for just a small scalp (20-25 pips gain) .
  • #7,089
  • Apr 12, 2012 12:33am Apr 12, 2012 12:33am
Quoting ljin
around 22 pips i think. because i put at 1.3156 (minus spread become 1.3153) . i thought its enough for just a small scalp (20-25 pips gain) .
not your day i guess.. but i usually put 25 pip as stop loss.. cuz that is in the X-man guide line..
  • #7,090
  • Apr 12, 2012 2:08am Apr 12, 2012 2:08am
Quoting FXflag
Hello everyone!

Thank you X-Man and everyone contributing this thread!

P.S. Please mind MACD and MAs as i were testing them.
What I usually do to clean up the chart, is DELETE any extra indicators that I use, take the screen shot, and then re-apply my standard template to retore my chart.

Just a tip

It takes a lot for me to IGNORE you, but you can try.
  • #7,091
  • Apr 12, 2012 2:12am Apr 12, 2012 2:12am
http://i279.photobucket.com/albums/k...lbackshort.jpg

Is this the type of pullback candle X-Man looks for as a possible short entry before the candle closes and the TDI crosses?
  • #7,092
  • Apr 12, 2012 2:14am Apr 12, 2012 2:14am
Quoting VBFlyin
http://i279.photobucket.com/albums/k...lbackshort.jpg

Is this the type of pullback candle X-Man looks for as a possible short entry before the candle closes and the TDI crosses?
Yes as i understood. I'm short on E/U right now.
  • #7,093
  • Apr 12, 2012 2:16am Apr 12, 2012 2:16am
Quoting FXflag
Yes as i understood. I'm short on E/U right now.
the red and green didnt cross, so take care with the short
  • #7,094
  • Apr 12, 2012 2:18am Apr 12, 2012 2:18am
Quoting munirpt
the red and green didnt cross, so take care with the short
I'm waiting until the candle to close. I was going to take this pullback but I felt it was risky. Stop loss for me would have been above just above previous candle.

FXflag, what is your SL and TP?
  • #7,095
  • Apr 12, 2012 2:26am Apr 12, 2012 2:26am
Hi,
Looking to long EU today if PA break and close above WPv 1.3147 and yesterday high 1.3155.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 view 12 Apr 12-4-2012 3-16-02 PM.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,096
  • Apr 12, 2012 2:27am Apr 12, 2012 2:27am
Quoting VBFlyin
I'm waiting until the candle to close. I was going to take this pullback but I felt it was risky. Stop loss for me would have been above just above previous candle.

FXflag, what is your SL and TP?
SL 20 TP 16. Such tight parameters because of risky trade.

Edit: Trade just closed at +16pips.
  • #7,097
  • Apr 12, 2012 2:28am Apr 12, 2012 2:28am
Quoting emmanuel7788
Hi,
Looking to long EU today if PA break and close above WPv 1.3147 and yesterday high 1.3155.
How does this have to do with either of the methods in this thread?
  • #7,098
  • Apr 12, 2012 2:40am Apr 12, 2012 2:40am
Quoting VBFlyin
How does this have to do with either of the methods in this thread?
It's just projection of price movement. Something to look for.
  • #7,099
  • Apr 12, 2012 2:45am Apr 12, 2012 2:45am
Quoting VBFlyin
How does this have to do with either of the methods in this thread?

this is a H4 trade and I use weekly pivot levels as support and resistance, and using price action setups.

I do not use the SHI channel, but prefer to draw my own trendlines/channels.

TDI is still the same, use for confirmation. The two MAs - EMA 60 and EMA 200 on H4 timeframe are the same.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,100
  • Apr 12, 2012 2:50am Apr 12, 2012 2:50am
Quoting emmanuel7788
this is a H4 trade and I use weekly pivot levels as support and resistance, and using price action setups.

I do not use the SHI channel, but prefer to draw my own trendlines/channels.

TDI is still the same, use for confirmation. The two MAs - EMA 60 and EMA 200 on H4 timeframe are the same.
Oo I gotcha.

http://i279.photobucket.com/albums/k...etupeuraud.jpg

I see a possible swing trade setting up on the EUR/AUD. What are yours or anyone else's thoughts on this?
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