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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 emmanuel7788
Hi,

which SHI channel indicator do you use?

I draw my own channel, see attached chart for example.

the channel will give you a projection where price can go.

Also you need to look at the price action on higher TF like D to see the candle pattern. Yesterday's D candle closed quite strong bullish. So we expect to see follow through.

There is also week 18 high 0.9330 which can provide support for continuation.


regards,

Hi Emmanuel,

Here is usdyen daily setup I guess, there is a very bullish daily candle yesterday too.
Is this a right way to pick long term trades ? What do you think ?

Regards,

Okan
Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 167 KB
Quoting okanemici
Thanks for the great info emmanuel, so you are saying for a safe trade you shouldnt short with a 1h or 4h cross down if d1 cross didnt happen yet, right ?

that depends on what timeframe you trade and whether you trade with the main trend or in the counter trend.

price move in waves, so I use the EW channeling method to identify the waves and also to project the wave movement. With the channels drawn, you can trade both the main wave or the sub-wave.

in this USDCHF trade, it was done on H4 which I consider to be a swing trade. The main wave is UP and we use D1 TDI to confirm. Also the D1 MBL is showing bullish.

however, on H4 there may be corrective sub-wave which we can also trade using H4 TDI and MBL as our guide.

In this trade example yesterday, there was no corrective sub-wave as it happened but market took off in strong continuation in the main trend.

IMHO, every trade is safe so long we have our stop loss in place.

it is high probability setup which we must learn to look out for and also to be able to do the turn around when the first trade setup fails. There must always be a plan A, then a plan B and a plan C.

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

Here is usdyen daily setup I guess, there is a very bullish daily candle yesterday too.
Is this a right way to pick long term trades ? What do you think ?

Regards,

Okan
looks gd for a long.

70 per cent success rate here.
Quoting okanemici
Hi Emmanuel,

Here is usdyen daily setup I guess, there is a very bullish daily candle yesterday too.
Is this a right way to pick long term trades ? What do you think ?

Regards,

Okan
hi Okan,

your D1 chart looks ok with the D channel you have.
UJ is now at the fibo-r 50% of the Feb rally.
A H4 short term trade looks ok but must be managed closely.
Never trade UJ long term unless you have business/other interest with US and Japan.

yesterday was an unusual day for UJ as it weaken against USD but strenghten against all the other pairs ...EUR,GBP,AUD, CHF, CAD

with all the problems focus on Greece and EuroZone, market turn to the 'safe haven' currencies like USD and JPY.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
I thought it might be useful to some of the newer members or those a little confused about what this thread is about if I attach X-Man's original and really very simple rules around the 4 hour method....... I myself have been confused by many of the recent posts......the secret here as the threads founder points out is to pick the pairs you are going to trade, apply proper money management techniques and then take the trades....the beauty of this method is that the range (point of entry back to stop loss) is usually wide enough that you rarely get a full loss...but yes you do get losses so build this into your plan......this thread is not a signal generation platform and that wouldn't be particularly helpful to those looking to develop as professional traders anyway......lets not make the same mistake as so many other threads as ruining a good idea by adding countless more indicators and opinions and trade it in its purest sense......or you can tell me to sod off if you would rather waffle on about every potential fundamental and technical influence over any trade......rant over.....good trading to all.....I had a small loss on EUR/AUD this morning......valid trade so I'm happy...shit happens!
Attached File
File Type: pdf s3 4h.pdf   335 KB | 584 downloads
Quoting JamesBranson
I thought it might be useful to some of the newer members or those a little confused about what this thread is about if I attach X-Man's original and really very simple rules around the 4 hour method....... I myself have been confused by many of the recent posts......the secret here as the threads founder points out is to pick the pairs you are going to trade, apply proper money management techniques and then take the trades....the beauty of this method is that the range (point of entry back to stop loss) is usually wide enough that you rarely get...
Nicely put James - I do more lurking than posting these days especially as I have been fine tuning my Day Chart trading - may eventually get back to my thread once I have finished the trading plan revisions.

I read an interesting blog recently from one of the commercial guys which was making the point that he trades on Price Action alone - the occasional MA and basic candlesticks and S/R levels. He does not worry about fundamentals and lets the chart tell him what is happening. Every time I have delayed a trade based on sentiment and fundamentals I have missed a bunch of pips. Sure, I cock it up occasionally but then 4x will screw with you some times. Basic premise is to keep more than you give back and work on the pips won per trade versus the pips lost per trade and then build on trading accuracy % of wins to losses.

what I have found with every thread is that it gets bogged down with new indicators and analysis paralysis from the newbies (no offense intended to newbies as we were all there at one time!).

X-Mans basics are great - stick to plan folks - it works
"To live with Passion, it takes Courage and Grace to survive"
Quoting Britpip7
Nicely put James - I do more lurking than posting these days especially as I have been fine tuning my Day Chart trading - may eventually get back to my thread once I have finished the trading plan revisions.

I read an interesting blog recently from one of the commercial guys which was making the point that he trades on Price Action alone - the occasional MA and basic candlesticks and S/R levels. He does not worry about fundamentals and lets the chart tell him what is happening. Every time I have delayed a trade based on sentiment and fundamentals...

Thanks for re-emphasizing the basic premise of this forum - Super Simple System.

Very encouraging to know that you would be back soon with your regular postings.
This video has nothing to do with trading the forex market.
But I find very meaningful every day.
There is a trader in us, many have yet to discover.

Inserted Video


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

There is post#7275 on page 485.
http://www.forexfactory.com/showthre...59#post5624759

Something which I would consider high value comments and advice by a well respected trader and contributor at Forex Factory.
I often ponder over what he wrote and take in those advice what I would consider to be constructive and of value in guidnace and learning. These has helped me a lot as a newbie forex trader.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
hi is it possible for some one to post their live trading videos not lots but few trades of H1 and H4 stratergy,

i am confused do we have to wait for H1 strategy for london open first bar to close and act on second bar or on the same bar as soon it breaks the S&R

bez of trades examples here som have traded on second bar and lot of trades on the same bar

regards
That's beautiful, thx


Quoting emmanuel7788
This video has nothing to do with trading the forex market.
But I find very meaningful every day.
There is a trader in us, many have yet to discover.

http://www.youtube.com/watch?v=JdNwa...eature=related

Regards,
Quoting yogesheena
hi is it possible for some one to post their live trading videos not lots but few trades of H1 and H4 stratergy,

i am confused do we have to wait for H1 strategy for london open first bar to close and act on second bar or on the same bar as soon it breaks the S&R

bez of trades examples here som have traded on second bar and lot of trades on the same bar

regards

hi yogesheena,

I have no idea how to make a video of my trading chart in live format. what software can I use? any idea.

But here is my trade taken on EU just few minutes ago.

Entry is just after last red candle closed and TDI crossed. Usually I list down a few setup conditions for me to decide to take a trade. Dont make it too long a list.... about 3 to 5 conditons are quite enough. If all else fails, the cost of a trade is the R.

See chart notes for details.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 20 17 Mar H1 trade LO 17-5-2012 3-09-22 PM.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
wooooow
thanks bro so we wait for the first bar to close and cross of TDI direction we take the trade , yes looking the left side and analyse the trend and take a trade beautiful explanation

thanks bro this will help will still observe few days and will start posting my trades tooo...
will observe NY trade too thank u
Quoting yogesheena
yes looking the left side and analyse the trend and take a trade beautiful explanation
Emmanuels chart comments contains such simple terms it may surprise you how much great info is there.

If you are new you might consider trading 1hr set ups in line with D chart TDI crosses or 4hr TDI crosses. Failing that have a good study of D supp/resistance levels. For example we are bouncing in the general area of D support see around 9-17 Jan. Yesterday was a doji close at this supp level also perhaps reason to be careful.

If you stood aside today you might miss a potentially good trade sure, against that I'd say look after 2 Feb when D suggested concerntrate on sells, about 6 weeks now of chances to get good trades in a 450 pip move down.

Just trying to put focus/perspective on trading near start of run v trading into a poss supp level after a big run down.

For me its still sell, sell, sell until proven otherwise.
hi is it possible for some one to post same live trading videos explaining how it works H1 and H4 stratergy,
like yogesheena said in another post I'm also confused.

and also like to thank all who have put posts here, and so to help others can learn too.

thank you all.
Quoting emmanuel7788
hi yogesheena,

I have no idea how to make a video of my trading chart in live format. what software can I use? any idea.

But here is my trade taken on EU just few minutes ago.

Entry is just after last red candle closed and TDI crossed. Usually I list down a few setup conditions for me to decide to take a trade. Dont make it too long a list.... about 3 to 5 conditons are quite enough. If all else fails, the cost of a trade is the R.

See chart notes for details.

regards,
Good trade mate; what I like the most is how much room you gave it.....in the worst case you would lose 0.5 unit as I imagine you would exit if it broke above the Asian range?........and not being to greedy gives you a much smoother equity curve!
In case the video yeah right dont know how can it help with trading
Anyway is that system works well on side ways market? becasue as for me it looks preaty much like a trend following which fails on side ways market, correct me if I am wrong
Quoting econom31
hi is it possible for some one to post same live trading videos explaining how it works H1 and H4 stratergy,
like yogesheena said in another post I'm also confused.

and also like to thank all who have put posts here, and so to help others can learn too.

thank you all.
1hr strategy cutting through all the general comments on price action.

Daily TDI crossed down then look for 1hr TDI crossed down sell signals.
Daily TDI crossed up then look for 1hr TDI crossed up buy signals.

Daily TDI can stay crossed in one direction for 4 - 6 weeks at a time giving lots of 1hr signals.
Quoting emmanuel7788
hi yogesheena,

I have no idea how to make a video of my trading chart in live format. what software can I use? any idea.

But here is my trade taken on EU just few minutes ago.

Entry is just after last red candle closed and TDI crossed. Usually I list down a few setup conditions for me to decide to take a trade. Dont make it too long a list.... about 3 to 5 conditons are quite enough. If all else fails, the cost of a trade is the R.

See chart notes for details.

regards,
Hi,
I use a program called Camtasia Studio 7 when I want to record some things on the computer work area.
Quoting Vantage
Emmanuels chart comments contains such simple terms it may surprise you how much great info is there.

If you are new you might consider trading 1hr set ups in line with D chart TDI crosses or 4hr TDI crosses. Failing that have a good study of D supp/resistance levels. For example we are bouncing in the general area of D support see around 9-17 Jan. Yesterday was a doji close at this supp level also perhaps reason to be careful.

If you stood aside today you might miss a potentially good trade sure, against that I'd say look after 2 Feb when...
thanks V!

l always look forward to learn from what experienced eyes see on the chart.
something we as traders need to clock the screen time and practice, practice, practice.

it is Deep Practice!

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