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X-Man's Super Simple System

  • #7,681
  • Jun 24, 2012 3:49pm Jun 24, 2012 3:49pm
Hey all,
Seems a great trading system.
Would you please upload the latest version of the indicators?

There are many versions of them as i figured out.

Thanks
  • #7,682
  • Jun 24, 2012 11:52pm Jun 24, 2012 11:52pm
Quoting Mini Trader
Hey all,
Seems a great trading system.
Would you please upload the latest version of the indicators?

There are many versions of them as i figured out.

Thanks

Hi Mini Trader,

All the indicators you need for S3 are in post#1 and the link there.

If you had figured out that there are many versions, please be specific with which indicators and the version you have.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,683
  • Jun 25, 2012 12:32am Jun 25, 2012 12:32am
Hi,

I am looking closely at last Thu low and Fri low and see the PA before I take any trade when LO later.

If you see a good setup, where is your initial SL and where will be the potential TP, and whether you have a minimum RR 1:1

I won't take any trade with RR 1:1.

There must be potential for a breakout move if I take a trade today.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,684
  • Jun 25, 2012 2:02am Jun 25, 2012 2:02am
Quoting X-Man
[i]X-Man's Super Simple System (S3)
[color=Blue][size=5][color=Red][color=Blue][color=Red][color=Blue][color=Red][color=Blue][size=4]
[size=3]Hey fellow traders
Welcome to my thread
Here I am going to show you the very easy way of trading that won't need much thinking but just executing. If you follow my rules...
Hi:
I got the templates. But on the MT4, I could not get the TDI that like yours, i can't find the reason. Could you help me?
  • #7,685
  • Jun 25, 2012 2:31am Jun 25, 2012 2:31am
Quoting Jordanlc
Hi:
I got the templates. But on the MT4, I could not get the TDI that like yours, i can't find the reason. Could you help me?
Hi Jordanic,

Please post your chart so we can see what your chart looks like.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,686
  • Jun 25, 2012 3:05am Jun 25, 2012 3:05am
Did you catch that?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 25 Jun H1 25-6-2012 4-00-15 PM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,687
  • Jun 25, 2012 3:31am Jun 25, 2012 3:31am
Quoting X-Man
The reason why I mark my chart with those 2 vertical lines at those specific times is because Volatility starts at those times. I have monitored those times so i am sure about it and with lots of back testing you will realize that everyday at those times almost the same thing happens
We as traders look for volatility because volatility is our friend to make those pips within few hours.
This was a big mistake I made as a new trader. I traded during non-volatile hours. Thanks for sharing your system on this thread. It is very insightful, keeping trading simple.

Personally my chart also is very clean. A clear chart is a profitable chart.
See our myfbook results. Our username = MPC
  • #7,688
  • Jun 25, 2012 3:39am Jun 25, 2012 3:39am
Not much news today seems like a scalping day for me. Took this long on eu m15 after good TDI cross and bounce off red zone, looking good ATM, will monitor and take my profit.
Attached Image (click to enlarge)
Click to Enlarge Name: eu m15.gif Size: 18 KB
  • #7,689
  • Jun 25, 2012 3:47am Jun 25, 2012 3:47am
Quoting cajun
Not much news today seems like a scalping day for me. Took this long on eu m15 after good TDI cross and bounce off red zone, looking good ATM, will monitor and take my profit.
Personally after that W close last week expecting just downside. I would suspect the bounce up was a 15/85 reaction (its amazing how often pa will go through 15, the RN and have a bounce up off 85 level). I don't expect a meaningful move up. If we do go up a little more the small S at 25 level may become R.

15/85 trades happen often on gu also. Never really looked at other currencies for this.
  • #7,690
  • Jun 25, 2012 3:58am Jun 25, 2012 3:58am
Quoting Vantage
Personally after that W close last week expecting just downside. I would suspect the bounce up was a 15/85 reaction (its amazing how often pa will go through 15, the RN and have a bounce up off 85 level). I don't expect a meaningful move up. If we do go up a little more the small S at 25 level may become R.

15/85 trades happen often on gu also. Never really looked at other currencies for this.
I agree on not expecting a meaningful move up that's why i will monitor it closely and take my profits, I am also long on aud/usd which is also in profit ATM. Like i said, seems like a scalping day today therefore i will take my profits and run, don't see any longterm trend. When i reach my daily goal of +50 i will shut it down for the day unless i really see something meaningful.

Good Luck
  • #7,691
  • Jun 25, 2012 4:53am Jun 25, 2012 4:53am
I often said "DO NOT chase price"

Here is today' example for those who missed the LO open candle.

Always wait for a small rectrace or correction of the H4 candle.

Works most of the time but not all the time.

If you missed this again, now you must wait till this current H4 candle close.

Don't forget to use your fibo tool and draw last week H-L fibo and last thursday' H-L fibo and also last Frdiay' ... see if you see what I see.
Post what you see...


Patience.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,692
  • Jun 25, 2012 5:25am Jun 25, 2012 5:25am
I see that fibo extensions consolidate at around 1.2431 level. Correct me what else will i need to notice please. Thank you
  • #7,693
  • Jun 25, 2012 7:30am Jun 25, 2012 7:30am
Quoting Con
I see that fibo extensions consolidate at around 1.2431 level. Correct me what else will i need to notice please. Thank you
The major lows from Oct/Nov 2008, Mar 2009 and May 2012.
  • #7,694
  • Edited 7:48pm Jun 25, 2012 7:12pm | Edited 7:48pm
Hi,

There is no magic about fibonacci levels. The platform tool only makes it easy for traders. All it does is to plot the lines of various percentages of any two price levels usually the high–low selected by the trader.
Having some lines on blank chart sure help to see the price behaviour in different timeframes.
Since I trade intraday on H1 and swing on H4, I will draw the fibo levels of the weekly high-low and daily range and use these as my guide.
More often than not, price reacts at certain levels. Why? Well we never know the real reasons why, but many system traders uses fibo levels and herds of traders will follows.

But there are certain ‘patterns’ of behaviour around fibo levels. One common ‘pattern’ is confluence of certain fibo levels and are use to draw chart patterns using harmonics theory. Other ‘patterns’ uses confluences of fibo levels to look for price bounce/reversals, etc.
There are lots of other 'patterns'. You need to see these for yourself and recognise them. If anyone tell you to look for the ‘patterns’ you may see them and you become bias and you will start to see the repeats of such ‘patterns’ even when they are not real. There again, some traders will not see them at all.

Once you can recognise those ‘patterns’ easily, you can use them and fine-tune the way you look for trade setups and this will help improve your trading.
With more experience, you will also learn to put weight on certain setups to decide on the higher probability of the trade setups and you will get better quality trades. Then after this, you still need to have a proven money management plan which suits you and will help you achieve your financial goals.


After all, successful trading is also about consistency.

Practice, practice , practice ....

Good Trading!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD fibos .png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,695
  • Jun 25, 2012 7:26pm Jun 25, 2012 7:26pm
yesterday JPY pairs were the big players in the market.
today expect some correction play.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,696
  • Jun 25, 2012 8:43pm Jun 25, 2012 8:43pm
Took a short on eurusd yesterday when it broke the previous week low and a good cross, but price action was really slow even into the US session, closed the position when i saw a pullback candle with a tdi cross up.
  • #7,697
  • Jun 25, 2012 9:10pm Jun 25, 2012 9:10pm
Quoting emmanuel7788
Hi Jordanic,

Please post your chart so we can see what your chart looks like.

regards,
the first screen is on the MT4, the second one is the files that download from the page. and i copy in the experts of the MT4. As you know, i could not get the results like yours. Help! Thanks very much.
Attached Image (click to enlarge)
Click to Enlarge Name: O9%V}DN4E(29RTKWEXSLCS5.jpg Size: 95 KB
Attached Image
  • #7,698
  • Jun 25, 2012 10:31pm Jun 25, 2012 10:31pm
did u paste in the indicators folder under experts?
  • #7,699
  • Jun 26, 2012 2:08am Jun 26, 2012 2:08am
Tight asia range today, am expecting a breakout to occur. Daily chart still looking bearish.
  • #7,700
  • Jun 26, 2012 2:27am Jun 26, 2012 2:27am
Quoting Con
Tight asia range today, am expecting a breakout to occur. Daily chart still looking bearish.
besides the narrow range Asian session, PA also fail at last Friday low and also 1.2520 another significant historical level.... is this a signal that the D correction is over and the downtrend resumes?

yesterday's low also quite significant.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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