X-Man's Super Simple System | Page 418 | 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

  • #8,341
  • Aug 31, 2012 9:57pm Aug 31, 2012 9:57pm
Here are the two trades taken on Thursday & Friday, as requested by some of you....some of the reasons for taking the trades are on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.8.31 eu h1 last 2 days.gif Size: 67 KB
  • #8,342
  • Sep 1, 2012 12:13am Sep 1, 2012 12:13am
Quoting Phx62
Here are the two trades taken on Thursday & Friday, as requested by some of you....some of the reasons for taking the trades are on the chart.
thanks thanks thanks
  • #8,343
  • Sep 1, 2012 12:28am Sep 1, 2012 12:28am
Quoting Phx62
Here are the two trades taken on Thursday & Friday, as requested by some of you....some of the reasons for taking the trades are on the chart.
Very thanks!

Good week-end Mr. Phx :-)
  • #8,344
  • Edited 8:44am Sep 1, 2012 8:30am | Edited 8:44am
guys im still learning both this and TMA method for the past few days and i have 4 questions

1. what i dont understand is, how do you know a pullback candle? On X-man pdf it's written

Quote
A pullback candle is a candle if the previous candles are bearish then candle will form a low then reverse and close above the open.

well, I have seen phx62 charts (only some of them though) and when i try to compare side by side with my own chart, sometimes i see he took entry when the previous candle is actually not a pullback candle by X-man pdf definition. Can someone enlighten me more about it how do we see a pullback candle?

also how many "previous candles" before we know the next one is a pullback? (such as 3-4 bearish candles then the next one form a new low but close as a bull, we can say it's a pullback?)

2. another question is, how do you define a high swing and low swing? From the yesterday session or yesterday london session or today session?

3. My third question:

Quote
Your first take profit will be set at 1:1, when it reaches this point you will lock in half your profits

1:1 means if the high swing is at 30 pips, my TP is also at 30 pips?

4. My final question: how if the TDI lines crossover again before TP hit and before london session over, do you close the trade?


Thanks a lot. I can see a lot of potential already and will learn backtesting again tomorrow!
  • #8,345
  • Sep 1, 2012 9:05am Sep 1, 2012 9:05am
Quoting Phx62
Here are the two trades taken on Thursday & Friday, as requested by some of you....some of the reasons for taking the trades are on the chart.
Hi,I am follow this strategic but I need somebody answer me if work in anothers pairs in 1 H too,or if just for EU as I read in the pdf
  • #8,346
  • Sep 2, 2012 3:59am Sep 2, 2012 3:59am
Quoting Juank010
Hi,I am follow this strategic but I need somebody answer me if work in anothers pairs in 1 H too,or if just for EU as I read in the pdf
Took me 2 mins to do this with Metatrader. Do you think the method works with other pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: What do you think..png Size: 52 KB
Cut your Losers short and let your Winners run.
  • #8,347
  • Sep 2, 2012 4:35am Sep 2, 2012 4:35am
Quoting rsg10z
guys im still learning both this and TMA method for the past few days and i have 4 questions

1. what i dont understand is, how do you know a pullback candle? On X-man pdf it's written



well, I have seen phx62 charts (only some of them though) and when i try to compare side by side with my own chart, sometimes i see he took entry when the previous candle is actually not a pullback candle by X-man pdf definition. Can someone enlighten me more about it how do we see a pullback candle?

also how many "previous candles" before we know the next one...
I do not mean to be rude, BUT, How on earth are you going to be able to backtest if you do not know the answer to your first 3 questions. I would suggest that the most beneficial thing you could do is go to Babypips.com complete the course and only then come back here to investigate a system.

The Names of these methods are misleading, Trading Made Simple, Super Simple System, Super Dooper Simple System, The Money Tree System. All methods/Systems require a basic understanding of Price Action, Candle Patterns, Price Patterns, Support and Resistance. Forums for all their value and good intent are not places to learn how to trade they are places to build on the knowledge you have gained elsewhere.
Good Luck
Cut your Losers short and let your Winners run.
  • #8,348
  • Sep 2, 2012 5:31am Sep 2, 2012 5:31am
Hello there.

I've been using X-Man's S3 with i-sessions a week now trading EURUSD, H1. I have a question regarding the TDI on post #1 - I prefer it.

When I load it, the default settings are:

Input:
RSI_Period: 13
RSI_Price: 0
Volatility_Band: 34
RSI_Price_Line: 2
RSI_Price_Type: 0
Trade_Signal_Line: 7
Trade_Signal_Type: 0

Levels:
50
68
32

Would you recommend some other settings for H1? What if I change it in M15? Should I keep the same settings?

Thank you in advance,
Akis
  • #8,349
  • Sep 2, 2012 11:28am Sep 2, 2012 11:28am
Quoting dee50
Took me 2 mins to do this with Metatrader. Do you think the method works with other pairs.
Can you tell me what MA do you use in this chart (it change colour)?!
  • #8,350
  • Sep 3, 2012 12:59am Sep 3, 2012 12:59am
Thanks ,ja ja funny answer ,I am testing in others pairs and I see that works too but my due is why the pdf is just for eurusd,thats why I did the question?
  • #8,351
  • Sep 3, 2012 2:06am Sep 3, 2012 2:06am
Quoting Flaviu1981
Can you tell me what MA do you use in this chart (it change colour)?!

This one
Attached File(s)
File Type: mq4 SimpleEMAv1.mq4   12 KB | 367 downloads
Cut your Losers short and let your Winners run.
  • #8,352
  • Sep 3, 2012 2:14am Sep 3, 2012 2:14am
Quoting Juank010
Thanks ,ja ja funny answer ,I am testing in others pairs and I see that works too but my due is why the pdf is just for eurusd,thats why I did the question?
eurusd was the recommended pair.
You learn a method using 1 pair that way you become familiar with how the method reacts in certain market conditions, you learn to see the signals before they happen. Once you have become proficient at this you add others pairs if necessary.

I only trade eurusd and make a very nice living, I can now tell when the eur is going to fart or cough, or god forbid, do both at the same time.
Cut your Losers short and let your Winners run.
  • #8,353
  • Sep 3, 2012 2:34am Sep 3, 2012 2:34am
Quoting tsipouro

Would you recommend some other settings for H1? What if I change it in M15?
NO DON¨T

Should I keep the same settings?
YES

The TDI has worked for Years with these settings, all that has changed,sometimes, is the look.
Cut your Losers short and let your Winners run.
  • #8,354
  • Edited 4:10am Sep 3, 2012 2:39am | Edited 4:10am
Quoting dee50
The TDI has worked for Years with these settings, all that has changed,sometimes, is the look.
Perfect. The only thing I've changed to X-Man's system is the Simple MA 4-Period. I'm using two smoothed 5-Period MA's, one High and the other Low. I'm trying to find a way to help myself with the entry points.

Any suggestions or recommendations, would be more than helpful.

Thank you,
Akis
  • #8,355
  • Sep 3, 2012 12:30pm Sep 3, 2012 12:30pm
Quoting dee50
This one
Thanks!
  • #8,356
  • Sep 3, 2012 9:04pm Sep 3, 2012 9:04pm
Today's trade on EURAUD

Entry selection:
1) Trend moving up.
2) Observe two Inside Bar.
3) Enter trade on breakout of inside bar (also around R1 of FiboPivot).
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-04 EURAUD EP-FF.jpg Size: 190 KB
  • #8,357
  • Sep 3, 2012 9:48pm Sep 3, 2012 9:48pm
i've used this system months ago.... had such a good profit days at first. but then i think because of my lack of knowledge, later i got more loss transactions.

now i've learn more about price action, fibo, breakout concept and some stuff, i am back to implement this system again. hopefully i can do better and consistent this time.

i will post my entry position later on london session, please feel free to give feedback so i can learn more. thnx.
  • #8,358
  • Sep 3, 2012 11:13pm Sep 3, 2012 11:13pm
Quoting dee50
Took me 2 mins to do this with Metatrader. Do you think the method works with other pairs.
I think that you post another indicator!
I am interesed about the indicator who change colour, when the trend is down it has a red colour and when the trend is up it was blue colour.
  • #8,359
  • Sep 4, 2012 1:11am Sep 4, 2012 1:11am
Quoting Flaviu1981
I think that you post another indicator!
I am interesed about the indicator who change colour, when the trend is down it has a red colour and when the trend is up it was blue colour.
Post number. 8355
Cut your Losers short and let your Winners run.
  • #8,360
  • Sep 4, 2012 1:41am Sep 4, 2012 1:41am
Hi,

current H1 candle LO+1 look very bearish...
if this APB close red then good to short ...but how to geta good entry price?

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
2 traders viewing now