X-Man's Super Simple System | Page 388 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Super Simple System for Scalping 180 replies

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

Super Simple System 314 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

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

Attachments: X-Man's Super Simple System
Exit Attachments

X-Man's Super Simple System

  • #7,741
  • Jul 4, 2012 2:10am Jul 4, 2012 2:10am
Quoting emmanuel7788
Hi,

Tokyo just finish their sushi time.

what I see since this morning is GU will pop anytime soon.

just keep lookout for your S3 setups ....

Good Trading!

Edit: Today is 4th July .... US holidays!!!!
Which way? A very strong move up and 2 days rubbish going nowhere. That doesn't inspire confidence in follow through up, we'll see.

Maybe they think US was already on hols?
  • #7,742
  • Jul 4, 2012 2:13am Jul 4, 2012 2:13am
Quoting Cun
Hi Emma,

I know this has been from last week but it keeps popping in my mind. After the pop gun setup price dives down 100 pips and a day later it pops back up 175 pips.

Based on your experience with the setup, is this typical behaviour of a pop gun setup or last week was an exception?

Thinking of a toy pop gun, can we assume after the big move price usually just return to where the setup is?
Hi Cun

I won't say if that is typical behaviour. Every day is a new day I I just observe the price structure for certain patterns.
Before this happen, there was a bigger down move, and the 2 prev D 27 Jun was a D IB so I will anticpate a breakout either above or below that IB. I knew I trading the retracement of the week 18-22 down move and I was not sure if that retarcement ended in week 25, and if week 26 was the resumption of the much bigger down trend.
I just look at H4 in zoom out to see my Big Picture.

Some traders believe Big Boys drive prices up and down.I don't know for sure. I am a very small little infant trader.
I just follow my belief in the market and its movement based on what I see on my charts.

I made some update to my week 26 chart. See if you have any question on that what I see.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EU week 26.jpg Size: 147 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,743
  • Jul 4, 2012 2:27am Jul 4, 2012 2:27am
Quoting Vantage
Which way? A very strong move up and 2 days rubbish going nowhere. That doesn't inspire confidence in follow through up, we'll see.

Maybe they think US was already on hols?
Hi Mr. V,

You pointed out the 2 days rubbish and that is cue.
I don't know which way and I need to be in the market to feel the rhythm of the flow.
Sold early pre-Tokyo 1.5682 and see how it will develop.
I think tomorrow will be that bigger move and see who wins - EG pair.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,744
  • Jul 4, 2012 4:53am Jul 4, 2012 4:53am
Hi,

There was S3 H1 setup, not sure how many manage to catch that and got some quick pips.

The pullback was just a violent. I notice there are more frequent huge breakout of H1 candle which is very difficult to catch on H1 chart TF.

Note: In the past 2 months I have been trying more entries using M15 and so far seem good. But many of my trades are oustide the London session. Therefore I did not post them here and conflict wih the S3 EU H1 trade setups. Hope I didn't gave the impression that I am abandoning this S3 method.

I will continue to try this M15 entry method and hope to share this as an add-on to the S3 H1 trading method here.

Basically there is no change, I still look at H4>H1 > M15 and that I fine tune entries using M15.
Also to catch pre-LO volatility moves which tends to happen to many other pairs.

Stay tuned!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 27 4 Jul S3 H1 setup 4-7-2012 4-14-25 PM.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,745
  • Jul 4, 2012 5:08am Jul 4, 2012 5:08am
Quoting emmanuel7788
Hi Cun

I won't say if that is typical behaviour. Every day is a new day I I just observe the price structure for certain patterns.
Before this happen, there was a bigger down move, and the 2 prev D 27 Jun was a D IB so I will anticpate a breakout either above or below that IB. I knew I trading the retracement of the week 18-22 down move and I was not sure if that retarcement ended in week 25, and if week 26 was the resumption of the much bigger down trend.
I just look at H4 in zoom out to see my Big Picture.

Some traders believe Big Boys drive...
Hi again Emma,

Thanks for the detailed explanation. Understood it and hopefully I could make analysis on my own, if there are similar setups in the future. Learn by imitating that is.

Thanks again.
  • #7,746
  • Jul 4, 2012 5:30am Jul 4, 2012 5:30am
Quoting Cun
Hi again Emma,

Thanks for the detailed explanation. Understood it and hopefully I could make analysis on my own, if there are similar setups in the future. Learn by imitating that is.

Thanks again.

I prefer to use the word : "replicate" ...

my forex coach used to say:
"monkey see monkey do" but then I told him we are not monkeys like him.

cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,747
  • Jul 4, 2012 7:40pm Jul 4, 2012 7:40pm
Hi,

EU is in play today. Now testing 1.2520 and also confluence with fibo-r 61.8% of last week' low-high. Remember my recent posts on EU.

things not looking good for cable, all the bad news about rates rigging will spook investors confidence.

look at how EG trade yesterday, direction-less. I look to see who will be winner and decide on timing EU or GU.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,748
  • Jul 4, 2012 11:46pm Jul 4, 2012 11:46pm
Trade GBPJPY on the breakout of the 5SSMA channel.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-05 GBPJPY trade.jpg Size: 213 KB
  • #7,749
  • Jul 5, 2012 12:59am Jul 5, 2012 12:59am
Hi Emma,

Just curious do you consider GU candles on H1 at 15:00, 16:00, and 17:0 yesterday the ones before the move down be pop gun setup? Thanks.
  • #7,750
  • Jul 5, 2012 1:26am Jul 5, 2012 1:26am
Quoting Cun
Hi Emma,

Just curious do you consider GU candles on H1 at 15:00, 16:00, and 17:0 yesterday the ones before the move down be pop gun setup? Thanks.

can you post your chart because we may have different time scale.

thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,751
  • Jul 5, 2012 1:40am Jul 5, 2012 1:40am
Quoting Star178
Trade GBPJPY on the breakout of the 5SSMA channel.
this pair has big move potential ~160pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,752
  • Jul 5, 2012 1:44am Jul 5, 2012 1:44am
Quoting emmanuel7788
can you post your chart because we may have different time scale.

thanks.
Ok here is the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-2.jpg Size: 20 KB
  • #7,753
  • Jul 5, 2012 2:09am Jul 5, 2012 2:09am
Quoting Cun
Ok here is the chart.

hi,
thanks.
those are very small candles but still can be a IB-OB setup.
the key should be the H4 candle before this... did you see that H4 is very bearish and close very close to the H4 PAC lower channel?

there were several possible entries opportunities using price action and also the PAC SSMA5 is a good help to see the volatility.

I always reconcile with H4 period whether I am on H1 chart or M15 chart.

See attached chart wth my comments made.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4 Jul review 5-7-2012 2-52-57 PM.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,754
  • Jul 5, 2012 3:19am Jul 5, 2012 3:19am
hi emma,

Can i ask you something regarding multi- time frame analysis? like lets say if we trade on h1 charts and it shows a short entry, do you not entry if h4 is still showing a bullish sign?eg if h4 tdi previously cross up. am i right to say that h4 is the king while h1 is just to find the timing to enter in the direction of the h4 chart?
  • #7,755
  • Jul 5, 2012 3:30am Jul 5, 2012 3:30am
Quoting emmanuel7788
hi,
thanks.
those are very small candles but still can be a IB-OB setup.
the key should be the H4 candle before this... did you see that H4 is very bearish and close very close to the H4 PAC lower channel?

there were several possible entries opportunities using price action and also the PAC SSMA5 is a good help to see the volatility.

I always reconcile with H4 period whether I am on H1 chart or M15 chart.

See attached chart wth my comments made.

regards,
Thanks again Emma.

Just downloaded the indie. It is neat to kinda be able to see what it looks like on H4 when on lower TF without utilizing too much creativity.
  • #7,756
  • Jul 5, 2012 4:02am Jul 5, 2012 4:02am
sell 1.2509
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_50 Jul. 05 11.01.png Size: 57 KB
  • #7,757
  • Jul 5, 2012 8:24am Jul 5, 2012 8:24am
Quoting Fxaddicts
hi emma,

Can i ask you something regarding multi- time frame analysis? like lets say if we trade on h1 charts and it shows a short entry, do you not entry if h4 is still showing a bullish sign?eg if h4 tdi previously cross up. am i right to say that h4 is the king while h1 is just to find the timing to enter in the direction of the h4 chart?
Your question arrouses my interest and I search for a chart that falls within the parameters you stated.

Below is a 3 timeframe chart on AUDUSD.

As part of the comparison I am including DTOsc that was used in the book by Robert C. Minor "High Probability Trading Strategies for Any Market and Any Time Frame".

We probably have to wait till tomorrow to know the results.
Attached Image (click to enlarge)
Click to Enlarge Name: 3TF_DTOsc_TDI AUSUSD.jpg Size: 149 KB
  • #7,758
  • Jul 5, 2012 8:35am Jul 5, 2012 8:35am
Quoting Fxaddicts
hi emma,

Can i ask you something regarding multi- time frame analysis? like lets say if we trade on h1 charts and it shows a short entry, do you not entry if h4 is still showing a bullish sign?eg if h4 tdi previously cross up. am i right to say that h4 is the king while h1 is just to find the timing to enter in the direction of the h4 chart?
Hi Not emma but my 2c worth.

MTF analysis will help you a lot there is no question. Lining up your indi's on 3 time frames will work wonders for you I think (my view going back years).

Trend is time frame dependent so there will be times when 1hr lines up quicker that the 4hr does with your D chart. There will also be times when the 1hr lines up in line with D but doesn't move until 4hr plays along. Like anything in this trading life some you win some you lose.

Going against the 4hr candle. In general I'd say if the 4hr is very strong (ie an engulfing close or a hammer in traditional candle speak) you'd need to be very careful going against it. If (say in downtrend on D chart) you have 4hr crossed up but a series of candles that clearly cannot break a range (see the above chart from E for example of this where he clearly shows lh/ll) then you can be looking to sell good 1hr set ups.

If you are having problems incorporating 4hr have a good look at 1hr. If 1hr has got hh's, hl's in a downtrend on D chart be very careful as the 4hr is probably going to hold sway. You'd best prob wait for 1hr lh to confirm that this move up failed. This can easily happen intraday, from London to US opens. Try and get good at reading 1hr hl/lh's, lh's/ll's to determine trend.

If 1hr is sideways generally then 4hr will be struggling and you could prob look for 1hr to enter before 4hr close in line with D trend.

Waiting strictly for D, 4hr + 1hr might make you miss some opportunites and might just mean you need to watch more pairs.

D holds sway over 4hr, so right entry on 1hr with daily will sometimes get you in quicker.

Hope this helps, whats clear in my head sometimes not to easy to put into words.
  • #7,759
  • Jul 5, 2012 7:13pm Jul 5, 2012 7:13pm
After waiting a few hours, here is the same chart 10 hours later.

This is only a sample, and you need try out on the currency you intend to trade. The time of the sampling is also important, as it may overlap the trading hours of that country, unpredicted results may occur!
Attached Image (click to enlarge)
Click to Enlarge Name: 3TF_DTOsc_TDI AUSUSD-5 (0-00).jpg Size: 161 KB
  • #7,760
  • Jul 5, 2012 11:32pm Jul 5, 2012 11:32pm
hi vantage and star, thanks for the reply , the main thing that i am feeling abit confused about the multi time frame chart is that i actually read that lets say if i am trading on a h1 chart as my signal chart to entry, the D chart can be use as my trend chart.

But can i actually trade via seeing a trend on the H1 chart itself? coz sometimes i can see a uptrend forming on H1 chart, hhhl, but day chart shows a overall downtrend

Do you guys trade according to the overall day trend or do you all take trend from the timeframe of the chart itself when you are trading.

Has this got to do with whether you are holding a longer term position or getting out within the day as intraday trader?

Btw traded the rates cut yesterday on EU pretty sweet.
8 traders viewing now