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X-Man's Super Simple System

  • #8,161
  • Aug 22, 2012 12:58pm Aug 22, 2012 12:58pm
Quoting dee50
You donīt just need to watch out for the news, watch out for the Americans, often the european market will for example, sell the euro, then the americans get out of bed and buy it back up again or vice versa.

BUGGER IT. I missed that altogether. 1.2440 was a strong S/R level from 6-7 Aug, 3 bounces off it before a 200 pip move down, I could have saved myself some worry if I had just paid more attention to the left hand side!!!!!
-------------------------
Well, we just assume the Europeans are wrong and do the opposite!! It works great!!
Don't worry about US traders. We can't even hedge our trades or have any leverage to play with. Gub'mint says so.
Disregard all prognostications.
  • #8,162
  • Edited 1:27pm Aug 22, 2012 1:25pm | Edited 1:27pm
So, last candle (21:00 on my chart) EUR shoots up to 1.2517 and takes out my stop. Why didn't I get out earlier when in profit? Simple. I DIDN'T FOLLOW THE RULES. Its all there on page one: "This trade plan is for the daily trades i take to get around 40 to 100 pips a day." I was up 60 pips (30 on each of two pairs) when I walked in the door this morning !!!!

Anyway, this system is still relatively new to me. I am not live with it, so no harm no foul, move on to the next trade. I am still loving the setups it gives.

One other thing to note: The trades I took were counter-trend when compared to the 4H channel. Just another reason to be careful.

EUR: Stopped out at 2490.
CHF: Stopped out at 9616 (hey we're not even supposed to be trading this pair on this system! Yeah Yeah I know..)
Disregard all prognostications.
  • #8,163
  • Aug 22, 2012 2:02pm Aug 22, 2012 2:02pm
Dear Phx62,
could you post your trade for today and yesterday?
I am always fascinated watching it, so I will able to correct my error!
Always, best regards
Thanks by all
Your fans! :-)
  • #8,164
  • Aug 22, 2012 4:39pm Aug 22, 2012 4:39pm
Quoting dee50
Done for the day. 100 pips. With congestion as it was, and is, I prefer to keep an eye on a lower time frame ie, 15 min provides me with a lot more info than just the 1 hr. I normally only trade the 1 hr but today needed some extra tools. first trade was a long taken from a pin candle which on the 1 hr chart was just hanging in the air but the 15 min showed a bounce off the MA, TDI and stochs confirmed upward momentum, target was 1.2480 because PA had been contained within that level and it is a well know area of S/R for the euro. second trade...
Dee,
is it EU?
Are you sure this is real price and not manipulated by broker?
I don't see your candle with the black arrow (in first graph). I've another bar.... or is it just my tiredness?
  • #8,165
  • Aug 22, 2012 11:58pm Aug 22, 2012 11:58pm
Quoting smarco
Dear Phx62,
could you post your trade for today and yesterday?
I am always fascinated watching it, so I will able to correct my error!
Always, best regards
Thanks by all
Your fans! :-)
X-MAN....GOOD TO SEE YOU BACK ON THE THREAD AGAIN....."3S" SYSTEM COMBINED WITH "TRADING MADE SIMPLE" SYSTEM IS THE BEST WAY I HAVE FOUND TO TRADE THE MARKETS.....H4 IS A LITTLE SLOW FOR ME BUT THE H1 & M15 PAY THE BILLS.

smarco,
Attached is my H1 chart for the week, so far....I posted the M15 trade earlier. I made notes on the chart....hope it helps....
Phx62
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.8.22 eu h1.jpg Size: 133 KB
  • #8,166
  • Aug 23, 2012 12:58am Aug 23, 2012 12:58am
Quoting Phx62
X-MAN....GOOD TO SEE YOU BACK ON THE THREAD AGAIN....."3S" SYSTEM COMBINED WITH "TRADING MADE SIMPLE" SYSTEM IS THE BEST WAY I HAVE FOUND TO TRADE THE MARKETS.....H4 IS A LITTLE SLOW FOR ME BUT THE H1 & M15 PAY THE BILLS.

smarco,
Attached is my H1 chart for the week, so far....I posted the M15 trade earlier. I made notes on the chart....hope it helps....
Phx62
Im glad to be back again buddy.
Lovely to see your posts and charts
The thing thats amazes me the most is that if you look back since the beginning of the thread and even in the TMS thread i've noticed this:
- the charts are still the same.
- the indicators are still the same
-Theres no updated version 1 , 2 or 3
-the rules are still the same
-The system is as simple as ever

Just by that alone tells me something and should tell all the other traders as well the same thing.

A very big thank you to Big E. who is the master mind of all this.
X-man the legendary conqueror of markets
  • #8,167
  • Aug 23, 2012 1:14am Aug 23, 2012 1:14am
EU is right up there at the daily high which is acting as resistance and now bouncing down.

Happy trading guys
Attached Image (click to enlarge)
Click to Enlarge Name: 1h eu.jpg Size: 113 KB
X-man the legendary conqueror of markets
  • #8,168
  • Aug 23, 2012 1:19am Aug 23, 2012 1:19am
Quoting X-Man
EU is right up there at the daily high which is acting as resistance and now bouncing down.

Happy trading guys
Hi a little info for enter short we don't have to attend the break of the asian
range box??

thanks
  • #8,169
  • Aug 23, 2012 1:34am Aug 23, 2012 1:34am
Quoting X-Man
EU is right up there at the daily high which is acting as resistance and now bouncing down.

Happy trading guys
Ahh! So happy to see the X-Man is back! You're a king among traders buddy!

Looking forward to you're insights..
  • #8,170
  • Aug 23, 2012 1:35am Aug 23, 2012 1:35am
Quoting pinux76
Hi a little info for enter short we don't have to attend the break of the asian
range box??

thanks
Well that will depend on your taste of risk .
If you've been trading this system long enough to know the movement then you can enter when you see certain things.
a trader can go to the 15min TF just to see whats happening there and to get an earlier entry etc.

You have to take certain factor sinto consideration that this move is before the LO. At time i seen the move carry through and at times i see the moves stops and heads in the other direction.
You use TDI to help you in confirming your entry.
Im looking at it now and i see the yellow line which is the MBL is sloping down downwards .
The green line is just about crossing the yellow line.
X-man the legendary conqueror of markets
  • #8,171
  • Aug 23, 2012 1:40am Aug 23, 2012 1:40am
Another thing is that you can use the high of yesterday and the low of the asian session.
When price breaks out of that you can enter
X-man the legendary conqueror of markets
  • #8,172
  • Aug 23, 2012 1:43am Aug 23, 2012 1:43am
Quoting burningmunke
Ahh! So happy to see the X-Man is back! You're a king among traders buddy!

Looking forward to you're insights..
im glad my team is regrouping again.
glad to have you guys back onboard
Lets sail these markets like kings
X-man the legendary conqueror of markets
  • #8,173
  • Aug 23, 2012 1:44am Aug 23, 2012 1:44am
Quoting X-Man
[color=Blue][size=3]Well that will depend on your taste of risk .
If you've been trading this system long enough to know the movement then you can enter when you see certain things.
a trader can go to the 15min TF just to see whats happening there and to get an earlier entry etc.

You have to take certain factor sinto consideration that this move is before the LO. At time i seen the move carry through and at times i see the moves stops and heads in the other direction.
You use TDI to help you in confirming your entry.
Im looking at it...

thanks i'm at the level beginner with this method
if i have understand tf60 tdi cross down -> ill'go to the tf15 for "zoom where entry"

in the tf 15 the tdi is cross down ed the candle whas a pull back -> ill'entry short i put un image
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_63 Aug. 23 08.44.jpg Size: 126 KB
  • #8,174
  • Aug 23, 2012 1:46am Aug 23, 2012 1:46am
Quoting pinux76
thanks i'm at the level beginner with this method
if i have understand tf60 tdi cross down -> ill'go to the tf15 for "zoom where entry"

in the tf 15 the tdi is cross down ed the candle whas a pull back -> ill'entry short i put un image
Nice. Just watch for the asian session low
X-man the legendary conqueror of markets
  • #8,175
  • Aug 23, 2012 1:50am Aug 23, 2012 1:50am
Quoting X-Man
Nice. Just watch for the asian session low
thanks but my problem is if i attend the broke of the low i can lose the trend or
if i enter early i can have that the low of the asian is strong and good for have a loss this is my BIG insecurity

for example now tf 15 made a candle blue i close my Short position or not?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_66 Aug. 23 08.52.gif Size: 22 KB
  • #8,176
  • Aug 23, 2012 1:57am Aug 23, 2012 1:57am
Quoting pinux76
thanks but my problem is if i attend the broke of the low i can lose the trend or
if i enter early i can have that the low of the asian is strong and good for have a loss this is my BIG insecurity

for example now tf 15 made a candle blue i close my Short position or not?
Trust me thats always going to be the case in trading.
Theres always a factor there that will give you reason to doubt the trade.
Thats why we have to have a solid trade plan and have to stick to that no matter if we win or lose.
X-man the legendary conqueror of markets
  • #8,177
  • Aug 23, 2012 2:02am Aug 23, 2012 2:02am
Quoting X-Man
Trust me thats always going to be the case in trading.
Theres always a factor there that will give you reason to doubt the trade.
Thats why we have to have a solid trade plan and have to stick to that no matter if we win or lose.
1st method
2 nd discipline
3 ° patience

now that I have almost the method
I have to learn the other 2 points


phx62 in the TF15 use a stop loss and take 25 25
you use a 10 ema and other or not?

thanks for your time
  • #8,178
  • Aug 23, 2012 2:09am Aug 23, 2012 2:09am
Quoting pinux76
1st method
2 nd discipline
3 ° patience

now that I have almost the method
I have to learn the other 2 points


phx62 in the TF15 use a stop loss and take 25 25
you use a 10 ema and other or not?

thanks for your time
Yes on the 15min TF i use a 10ema and a 200ema.
X-man the legendary conqueror of markets
  • #8,179
  • Aug 23, 2012 2:26am Aug 23, 2012 2:26am
Hi Xman,

I'm glad to have you back and see u here

I have some questions about PA, I remember we should only focus on PA rather than indicator. So PA is all about pin bar, inside bar, S/R, I seem can't master PA till now... Hope you can explain more and have a website/book to guide me

As I know, APB+pull back+S/R is more important than TDI?

I have tried develop an EA to help me order once confirmed TDI+APB bar, but I always get late entry and retrace back my SL easily.

Also, does S3 H4 swing still your most profitable trade? I don't see it recently in the post.

thx a lot!!
  • #8,180
  • Aug 23, 2012 2:30am Aug 23, 2012 2:30am
Quoting X-Man
Nice. Just watch for the asian session low
hi, X-man!

i short in the TDI Cross, but market goes against me!

my short reason:

1. TDI Cross

2.The pice went down to the 4EMA.

3. price at the egde of the upper trend line in H4

but the trade failed~
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