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X-Man's Super Simple System

  • #8,241
  • Aug 25, 2012 2:07pm Aug 25, 2012 2:07pm
The market consolidated on Thursday, finding support at the previous days high. I took one long trade for 30 pips after getting a signal near the end of the London session. It was the only trade signal that met my trading plan criteria during London (H1 time frame).
Also took one trade on Friday. Entered shortly after LO on a TDI crossover signal. I could not monitor the trade but it did reach my TP.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.8.24 eu h1 2 days.jpg Size: 167 KB
  • #8,242
  • Aug 25, 2012 5:11pm Aug 25, 2012 5:11pm
Quoting Phx62
The market consolidated on Thursday, finding support at the previous days high. I took one long trade for 30 pips after getting a signal near the end of the London session. It was the only trade signal that met my trading plan criteria during London (H1 time frame).
Also took one trade on Friday. Entered shortly after LO on a TDI crossover signal. I could not monitor the trade but it did reach my TP.
Good explanation of your trades,
Thanks Phx for you posts!
Great help to study

Ps. Good reverse, about 40/50 Pips, friday after NY open
  • #8,243
  • Aug 26, 2012 8:41am Aug 26, 2012 8:41am
Quoting Phx62
The market consolidated on Thursday, finding support at the previous days high. I took one long trade for 30 pips after getting a signal near the end of the London session. It was the only trade signal that met my trading plan criteria during London (H1 time frame).
Also took one trade on Friday. Entered shortly after LO on a TDI crossover signal. I could not monitor the trade but it did reach my TP.
I believe you are a prolific trader. You seem to understand this system like the back of your hand. your trades really inspire us, that is why we always eagerly await their posting. Please keep it up.
  • #8,244
  • Aug 26, 2012 10:32am Aug 26, 2012 10:32am
My trades for Fri 24. Explanation on the chart. Traded the 15 min because first signal was outside my trading time.

X-Man. Tried out the 10ema. Swings and Roundabouts. Usefull for scalping the 15 min or if you are a Noob who has not yet worked out how to enter and exit using PA. A very basic back test on 3 TF showed that sometimes it would have got me in 1 bar earlier and sometimes it would have got me in 1 bar later than the current method. In just about all instances it would have taken me out of the trade much earlier. But it was still profitable. I would say that it is a positive aid for those who have not yet learnt to read PA.
Attached Image (click to enlarge)
Click to Enlarge Name: FRI 24.png Size: 92 KB
Cut your Losers short and let your Winners run.
  • #8,245
  • Aug 26, 2012 2:10pm Aug 26, 2012 2:10pm
Quoting dee50
My trades for Fri 24. Explanation on the chart. Traded the 15 min because first signal was outside my trading time.

X-Man. Tried out the 10ema. Swings and Roundabouts. Usefull for scalping the 15 min or if you are a Noob who has not yet worked out how to enter and exit using PA. A very basic back test on 3 TF showed that sometimes it would have got me in 1 bar earlier and sometimes it would have got me in 1 bar later than the current method. In just about all instances it would have taken me out of the trade much earlier. But it was still profitable....
No problem buddy.
Another tip for the 15min TF is have the 10ema with the 200ema.
Take trades that away from the 200ema (trading with the trend)
For example if price below the 200ema then look for shorts only , if price above the 200ema then look for longs only.
get nice quick pips trading the bounces off the 200ema.

If a trader trades towards the 200ema (counter trend ) then make sure TP is small.

Happy pippin guys.
X-man the legendary conqueror of markets
  • #8,246
  • Aug 26, 2012 3:38pm Aug 26, 2012 3:38pm
hello X-man.

can you share this indicator please?


http://screencast.com/t/BubnmIk8TKrP

thanks
  • #8,247
  • Aug 26, 2012 8:42pm Aug 26, 2012 8:42pm
Hi,

EU week 35:
I see a good potential for a breakout move this week.
Looking at last week close, and Friday high-low.
Always be prepared with Plan A , and that fails have your Plan B for turnaound trading when one direction fails.

Think of money management strategy ...scaling-in and scaling out...build up positions...plan your exits ahead.

Good Trading week ahead!
Attached Image (click to enlarge)
Click to Enlarge Name: EU week 35 27-8-2012 9-41-57 AM.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,248
  • Aug 26, 2012 9:31pm Aug 26, 2012 9:31pm
Hi Guys,

I'm short the E/A and seeing a second bounce off decending channel. The price has pulled back to above the 4EMA and TDI seems to be setting up for a bouce. backtesting tells me this is a good setup. First time I've tried it.

TP around 1900.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud 4hr.gif Size: 17 KB
Enter Signature
  • #8,249
  • Aug 27, 2012 12:33am Aug 27, 2012 12:33am
Quoting fxtraderfx
hello X-man.

can you share this indicator please?


http://screencast.com/t/BubnmIk8TKrP

thanks
Sure thing buddy no problem


Attached File(s)
File Type: mq4 SimpleEMAv1.mq4   12 KB | 500 downloads
X-man the legendary conqueror of markets
  • #8,250
  • Aug 27, 2012 1:24am Aug 27, 2012 1:24am
Quoting dee50
My trades for Fri 24. Explanation on the chart. Traded the 15 min because first signal was outside my trading time.

X-Man. Tried out the 10ema. Swings and Roundabouts. Usefull for scalping the 15 min or if you are a Noob who has not yet worked out how to enter and exit using PA. A very basic back test on 3 TF showed that sometimes it would have got me in 1 bar earlier and sometimes it would have got me in 1 bar later than the current method. In just about all instances it would have taken me out of the trade much earlier. But it was still profitable....
You have an indicator on the bottom of the 15 min chart who looks like a stochastic.
can you share this indicator please?
  • #8,251
  • Aug 27, 2012 3:09am Aug 27, 2012 3:09am
Quoting Flaviu1981
You have an indicator on the bottom of the 15 min chart who looks like a stochastic.
can you share this indicator please?
Yes it is a stochastics. setting 8,3,3. there is one similar just search for "stochastic slope".
Cut your Losers short and let your Winners run.
  • #8,252
  • Aug 27, 2012 3:42am Aug 27, 2012 3:42am
Quoting dee50
Yes it is a stochastics. setting 8,3,3. there is one similar just search for "stochastic slope".
Thanks!
  • #8,253
  • Aug 27, 2012 3:43am Aug 27, 2012 3:43am
Stochastics Slope by Xaphod:

http://www.forexfactory.com/showthre...89#post3581589

for those of you who are still find confidence in using indicators.

BTW, Xaphod is a very good mql4 developer and you will find many of his work in the Platform Tech section in FF.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,254
  • Edited 4:38am Aug 27, 2012 4:20am | Edited 4:38am
Quoting Don M
Hi Guys,

I'm short the E/A and seeing a second bounce off decending channel. The price has pulled back to above the 4EMA and TDI seems to be setting up for a bouce. backtesting tells me this is a good setup. First time I've tried it.

TP around 1900.
This is a tricky one. AU looks much weaker than EU,GU and UC in the recent weeks.

The H4 TDI can be deceiving when it re-enter frpom outside the upper BB. Price can continue to rise or go sideway as the BB expand and the TDI PL /TSL will follow by another cross up then cross down

Unless I see a strong reversal on D1 I will remain on the buyer side till 1.22 region.

Manage this trade well.

Edit: added chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 35.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,255
  • Aug 27, 2012 4:42am Aug 27, 2012 4:42am
Entered long when TDI crossed up plus H1 Outside bar. Hope it can break the Asian high!
Attached Image (click to enlarge)
Click to Enlarge Name: Eurusd H1 27082012.jpg Size: 133 KB
  • #8,256
  • Aug 27, 2012 4:51am Aug 27, 2012 4:51am
Quoting Wqiang
Entered long when TDI crossed up plus H1 Outside bar. Hope it can break the Asian high!

when the bulls enter the bears' territory... they must fight harder in enemy territory....dig in and wait and see if more bulls to join in
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,257
  • Aug 27, 2012 4:58am Aug 27, 2012 4:58am
Waiting for a chance to short on eu
  • #8,258
  • Aug 27, 2012 5:55am Aug 27, 2012 5:55am
Thanks for the analysis Emmanuel7788.

Stopped out at -30. I might be putting too much faith in the channel indicator as well I was reluctant to put my stop above the swing high which was over 40 pips away.

Overall I was in too early.
Enter Signature
  • #8,259
  • Aug 27, 2012 6:29am Aug 27, 2012 6:29am
Quoting emmanuel7788
Unless I see a strong reversal on D1 I will remain on the buyer side till 1.22 region.
Yes E I'd agree with that, such a strong move up needs more that a reaction move down from upper channel to sell (unless scalping) IMHO. 4hr higher high higher low in tact. Had 4 strong legs up so due for some kind of retrace. 1hr flow showing signs of cracking.


See Feb lows and W M4 around 2140 before 2200 as possible turn area.
  • #8,260
  • Aug 27, 2012 7:56am Aug 27, 2012 7:56am
X-MAN
Quote
I was introduced to few ideas during this time of combining certain indies from certain systems to give me the ideal trading system .Well before any of you go down that road i will tell you now that you should not even try. Its a dead end.

Glad to see you've co,e back around!

Hope all is well.

dcginc
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