X-Man's Super Simple System | Page 473 | 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

  • #9,441
  • Dec 12, 2012 8:40am Dec 12, 2012 8:40am
I just popped over to the other 15 min thread. "Friday the 13th" had less gore. It is a great shame, apart from the Brotherly Luv thing, the advice was sound and the method/methods worked. I hope someone manages to keep it going. Letīs hope we do not end up going the same way.
Cut your Losers short and let your Winners run.
  • #9,442
  • Dec 12, 2012 8:43am Dec 12, 2012 8:43am
Quoting dee50
I just popped over to the other 15 min thread. "Friday the 13th" had less gore. It is a great shame, apart from the Brotherly Luv thing, the advice was sound and the method/methods worked. I hope someone manages to keep it going. Letīs hope we do not end up going the same way.
yap. i also saw his last message.
I learned a lot on that thread as well....
Lets keep this thread going. it has been very valuable to me having advice from all the GURUs here
  • #9,443
  • Dec 12, 2012 8:46am Dec 12, 2012 8:46am
Munirpt, you trade only eu?
Could you share your money manager ea? I have quick trailing but would like to try this one.
Thoughts are things
  • #9,444
  • Dec 12, 2012 8:48am Dec 12, 2012 8:48am
Quoting Quezoy
Munirpt, you trade only eu?
Could you share your money manager ea? I have quick trailing but would like to try this one.
Hi Quezoy.

Unfortunatelly i cant because its proprietary from PRO TRADER NETWORK.
I received it as part of a course I took from Rick, that i definitely recommend for all newbies like me.

Regarding currency pairs i mostly trade EU, but im starting to look at GU, GJ, EJ as well.....


Sorry

Munir
  • #9,445
  • Dec 12, 2012 8:49am Dec 12, 2012 8:49am
For those of you wondering what to do on FOMC day. This article will not clear it up totally but it should help provide you with some insight.

http://www.forexfactory.com/news.php?do=news&id=399912
Cut your Losers short and let your Winners run.
  • #9,446
  • Dec 12, 2012 8:50am Dec 12, 2012 8:50am
you asked why to add the wilders rsi

for one the tdi is based on wilders

and in general it will generate good support, resistance levels esp on the fifteen minute

and wilders rsi is not the same as an rsi
  • #9,447
  • Dec 12, 2012 8:52am Dec 12, 2012 8:52am
Quoting Quezoy
Munirpt, you trade only eu?
Could you share your money manager ea? I have quick trailing but would like to try this one.
There have been various money managers offered up on this thread. Sorry I can not remember which posts they were but if you look in the attachments section you should find them.

EDIT

Just had a quick look. As you have quik trailing, this was the other one

http://www.forexfactory.com/attachme...202012%2016:49

With a PDF
http://www.forexfactory.com/attachme...202012%2016:46
Cut your Losers short and let your Winners run.
  • #9,448
  • Dec 12, 2012 8:53am Dec 12, 2012 8:53am
Quoting ozobU
you asked why to add the wilders rsi

for one the tdi is based on wilders

and in general it will generate good support, resistance levels esp on the fifteen minute

and wilders rsi is not the same as an rsi
OK thanks for the info.
Cut your Losers short and let your Winners run.
  • #9,449
  • Dec 12, 2012 8:59am Dec 12, 2012 8:59am
Quoting munirpt
Todays trade
Hi Munirpt

Was looking at the same trade this morning but decided to pass on this one.
Would you mind sharing your reason for entering.
This was my analysis but I assume I've missed some more positive signals

For:
2nd blue candle with long wicks at both ends shows indecision in the market. Waiting for a break in one direction
By 4th candle TDI and Signal line separating nicely
TDI between 50 and 68
Possibly some hidden divergence indicating bullish continuation although oscillator fairly flat rather than dropping
Clear of BRN and 20 80 levels

Against
Questionable cross on the 3rd candle - angle not in the 12 - 2 o'clock range
TDI cross on the 3rd candle not the 1st or 2nd
4th candle broke and closed above minor resistance level around 1.3008 but as this is now the 4th candle it's a bit late to jump in

Thanks
  • #9,450
  • Dec 12, 2012 9:19am Dec 12, 2012 9:19am
Quoting stephen77
Hi Munirpt

Was looking at the same trade this morning but decided to pass on this one.
Would you mind sharing your reason for entering.
This was my analysis but I assume I've missed some more positive signals

For:
2nd blue candle with long wicks at both ends shows indecision in the market. Waiting for a break in one direction
By 4th candle TDI and Signal line separating nicely
TDI between 50 and 68
Possibly some hidden divergence indicating bullish continuation although oscillator fairly flat rather than dropping
Clear of BRN...
These are some thought to consider, although im only a newbie....

Price ended yesterday at top of daily candle. Whenever this happens, its a very bullish sign for me.
Also price was above all my EMAS , so my bias was clearly bullish
Also price was above my 1H trendline. Until its broken, it would be risky to enter Short.
Normally I prefer to see a bigger retracement like 38 or 50% but i saw recently that when price closes near the top, the retracement is usually around 23% only, which was the case today.
Also TDI was about to cross....
Decided to take a chance with small SL to see what market would do.
Since market started to move upper, when i saw real cross of TDI, I decided to open a new position.
  • #9,451
  • Dec 12, 2012 9:40am Dec 12, 2012 9:40am
Quoting munirpt
These are some thought to consider, although im only a newbie....
Brilliant - thanks so much for explaining your decision in detail.
That's an interesting one with PA ending at the top of the daily candle giving a bullish sign, and retracement only being around 23%. I imagine the reverse may be true for bearish trends so will explore that too.

I use a 5 period & an 89 period exponential EMA with a shift of 2 which look similar to your red and green EMAs. Out of interest, what isyour other EMA - 200?

Thanks again
  • #9,452
  • Dec 12, 2012 9:42am Dec 12, 2012 9:42am
Quoting stephen77
Brilliant - thanks so much for explaining your decision in detail.
That's an interesting one with PA ending at the top of the daily candle giving a bullish sign, and retracement only being around 23%. I imagine the reverse may be true for bearish trends so will explore that too.

I use a 5 period & an 89 period exponential EMA with a shift of 2 which look similar to your red and green EMAs. Out of interest, what isyour other EMA - 200?

Thanks again
using 10, 50 and 200 ema

Wish you green pips!
  • #9,453
  • Dec 12, 2012 10:10am Dec 12, 2012 10:10am
Quoting munirpt
using 10, 50 and 200 ema

Wish you green pips!
Many thanks and plentiful pips for you too !
  • #9,454
  • Dec 12, 2012 11:52am Dec 12, 2012 11:52am
Quoting stephen77
Brilliant - thanks so much for explaining your decision in detail.
That's an interesting one with PA ending at the top of the daily candle giving a bullish sign, and retracement only being around 23%. I imagine the reverse may be true for bearish trends so will explore that too.

I use a 5 period & an 89 period exponential EMA with a shift of 2 which look similar to your red and green EMAs. Out of interest, what isyour other EMA - 200?

Thanks again
Hi

This is just a chart to show you some retracements when price ends at an extreme of the daily candle.
Most of the times, the maximum retracement you get is 38%. Sometimes it doesnt even get to 23%
Hope it helps

Munir
Attached Image (click to enlarge)
Click to Enlarge Name: eu_retracements.jpg Size: 193 KB
  • #9,455
  • Dec 12, 2012 12:02pm Dec 12, 2012 12:02pm
No problem munirpt, it just cought my eye and thought I'd ask.

Quoting dee50
There have been various money managers offered up on this thread. Sorry I can not remember which posts they were but if you look in the attachments section you should find them.

EDIT

Just had a quick look. As you have quik trailing, this was the other one

http://www.forexfactory.com/attachme...202012%2016:49

With a PDF
http://www.forexfactory.com/attachme...202012%2016:46
tnx for the links, but I'll stick with Quicktrail. Its good enough for me.
Thoughts are things
  • #9,456
  • Dec 12, 2012 12:19pm Dec 12, 2012 12:19pm
Since it has come up again... Perhaps I could share another way to deal with your stoplosses, take profits, partial profits, trailing stops, etc. I have found it very useful because all options are line based where you can adjust the lines (stoploss for instance) with a double tap of the mouse and drag it visually to where you want it instead of typing the darn thing all the time. I create a template with the EA on it with some standard settings and then adjust the lines visually on the chart after I enter the deal. Try it out guys. It really does make things more simple. Good luck guys and gals.


LL

P.S. Anyone trying to backtest with PHX awesome session boxes should not put them on 18 pairs with indicators for 200 days history. I heard my poor computer's gears a grinding and everything.
Attached File(s)
File Type: mq4 lvoe 1.6.1.mq4   16 KB | 511 downloads
File Type: docx LINE ORDER MANAGEMENT FX.docx   19 KB | 532 downloads
"IN CASH WE TRUST"
  • #9,457
  • Dec 12, 2012 1:24pm Dec 12, 2012 1:24pm
Quoting munirpt
Hi

This is just a chart to show you some retracements when price ends at an extreme of the daily candle.
Most of the times, the maximum retracement you get is 38%. Sometimes it doesnt even get to 23%
Hope it helps

Munir
Hi Munir
Thanks for taking the time to post the examples.
Yes, it helps to see how the retracements pan out.
  • #9,458
  • Dec 13, 2012 1:28am Dec 13, 2012 1:28am
EU going down?

We have a double top at BRN & resistance plus divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 88 KB
Thoughts are things
  • #9,459
  • Dec 13, 2012 2:02am Dec 13, 2012 2:02am
Got a solid audio forex new site. Check it if you like:
http://talking-forex.com/live?code=AI5r7ULaAy3ekdBOHudb
Thoughts are things
  • #9,460
  • Dec 13, 2012 2:17am Dec 13, 2012 2:17am
http://img707.imageshack.us/img707/6692/eu20121213.jpg


For:
Double top with yesterday's high.
Shy below 1.3100
Sloping down TDI, divergence
Cross green with red and green with yellow just below 68
Long wick of setup candle

Against
Counter-trend
Counter-reaction to FOCM statement


Anyone has taken this trade?
Anyone has not taken this trade due to reasons other than those mentioned?


Cheers,
M.
Remember I'm a newbie!
4 traders viewing now