Super Simple System for Scalping 177 replies
Super Simple System 314 replies
DislikedHey all, was wondering how it's going on the 4h swing method.. It seems the most practical for those that work, and in fact it seems pretty accurate too.. Which pairs has it been working best on?Ignored
Dislikedsuggest you read the S3 4H pdf in post#1.
X-Man did mention some currency pairs.
Do your own backtesting on as many pairs as possible and you will find your answer.Ignored
DislikedHere is another way I look at day trading using the fib of the daily h-l.
Note: 24 Apr was a Day Inside Bar.
There has not been a break of Monday High or Low since.
Now, LO price make retraced ... but to where? or will it break today' low?
I still look towards TP above 0.8180 and a beautiful close of this week candle, making it 8th in a row.Ignored
Will you make this Indicator available to us here on the Forum .....
DislikedLet me start by saying that I value the input on this site but I have one observation?
Although the site is meant to focus on X-Man's 3S system,.........Ignored
DislikedHi, it seems that the regular contributors are away on Holiday. I like to express my comments here,
I consider my self still in the learning stage, so correct me if I am wrong.
It seems to me that we need to be a "all rounder" before we can trade forex.
As I can see from the charts posted, the 'bar' chart is added on to the Synergy APB. So the contributors are looking for candle chart patterns such as 'inside' bar, 'pin' bar etc which are blocked by the 'extra long' candle body of the Synergy APB.
Coming back to the "all rounder",...Ignored
So yes there are some basics (not just those listed above) that you have to acquire and there are very few quick fixes, unless you are one of the lucky few that stumbles onto something proven and it suits your personality and circumstances.
However if you focus on trend and take counter trend only once you have much more info that a tdi cross (proven SR level etc etc) you will immediately give yourself an advantage. For trend and SR levels MTF analysis would help as some key SR levels can go back a lot farther than most would see from a 1hr chart.
I asked one of the best traders I'd seen early on what made him 'see' so easily, 12000 hours of chart time was the answer.
If you haven't got 12000 hours to spare you can back test with the end in sight. If you do back testing on 1hr charts ask yourself on the days following these D crosses would you rather be trading in the direction of the D or against it.
And when you start back testing look for moves from proven SR areas, moves that start with the range being broken ie engulfing candles, hl/lh's (had to fit that in somewhere) in particular those that follow divergence.
Anyway following the D will help and don't be fussed about the missed trades whilst the D is turning around until you have those hours under your belt.
Hope this helps a little.
thanks for your very helpful and informative posts, you always seem to see things that no-one else does
can you please explain "close of this week candle, making it 8th in a row "?
DislikedNice EUR.AUD trade ....helped by along by the RBA but a solid trade anyway!
Not sure how I upload charts but will give it a go!
that was a super S3 H4 trade, ... near perfect! Congrats!
very nicely follow up from week 16.
> TDI crossed
> boune off EMA 200 on H4
> bounce off D channel
> H4 inside bar breakout
> price consolidation breakout of PAC .. typisch DM trade
Did you catch the return leg?
DislikedThanks; the reverse was sparked by the ISM manuf. news yesterday and I dont enter until after news has settled by which time I was already shorting the Euro on another system so didn't want to replicate the trade, which is a very long way of saying 'no' I did not catch the return leg.
sorry for this late reply. I am taking a short break with the market holidays and spend less time online.
anyway, the NZDUSD story started in week 10 when I was looking at a possible position trade. See page 442 post#6628.
[color=black][font=Verdana]it has been since 8 weeks of waiting and there is no sign of USD strengthening make this trade come true. Let's see whether the next kiwi rate annoucement will make it happen. Aussie RBA did the damage yesterday,...Ignored