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X-Man's Super Simple System

  • #9,601
  • Jan 1, 2013 8:12am Jan 1, 2013 8:12am
Quoting TheScorpS
Thanks a lot

Please share those Moving Average with us any time you can
Bro ill share it now.
These emas gives me more structure.

Currently in this thread we use the 4ema shift 2 and the 200ema.

The 4ema shift 2 works fine as well as the 200ema

I replaced my 4ema shift 2 with the 10ema.
I have the 50ema, 200ema and the 800ema .

Please note that i am not changing any rules.
I am just showing you guys how to give your charts more structure and to increase the probability of your trades.
This is exactly what these emas has done for me and i want to share the knowledge.

If you do not feel comfy with these emas then do not add them.
Use what is working for you.

Some traders will say this emas work better than that emas. and then another trader will come with his own emas.
The fact of the matter is that all emas work if you know how to make it work .
All we need to do is master what we are using and what we feel comfy with.
So we have to keep this in mind if we are going to use these emas.

I will explain further why i use these emas in my later posts so it will become clearer.
Attached Image (click to enlarge)
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X-man the legendary conqueror of markets
  • #9,602
  • Jan 1, 2013 9:05am Jan 1, 2013 9:05am
X-Man, good to have you back. I've been practicing the 4h method with great success. However, there is still much for me to learn. Hope to learn more from you and other great S3 traders. Wish you all a prosperous 2013!
  • #9,603
  • Jan 1, 2013 10:11am Jan 1, 2013 10:11am
Quoting X-Man
[b][color=Blue]Bro ill share it now.
These emas gives me more structure.

Currently in this thread we use the 4ema shift 2 and the 200ema.

The 4ema shift 2 works fine as well as the 200ema

I replaced my 4ema shift 2 with the 10ema.
I have the 50ema, 200ema and the 800ema .

Please note that i am not changing any rules.
I am just showing you guys how to give your charts more structure and to increase the probability of your trades.
This is exactly what these emas has done for me and i want to share the knowledge.

If you...
2 Thumps Up

Thanks X, I have just started trading, 2 and a half month ago, so just starting my way in the Forex

Surely enough I will find the way with your help and other members

I would like to thank you again
I Have Learned to Take Some Losses to Make Profits
  • #9,604
  • Jan 2, 2013 4:19am Jan 2, 2013 4:19am
Quoting X-Man
[b][color=Blue]Bro ill share it now.
These emas gives me more structure.

Currently in this thread we use the 4ema shift 2 and the 200ema.

The 4ema shift 2 works fine as well as the 200ema

I replaced my 4ema shift 2 with the 10ema.
I have the 50ema, 200ema and the 800ema .

Please note that i am not changing any rules.
I am just showing you guys how to give your charts more structure and to increase the probability of your trades.
This is exactly what these emas has done for me and i want to share the knowledge.

If you...
  • #9,605
  • Jan 2, 2013 7:01am Jan 2, 2013 7:01am
+90 pips today - just wanted to thank all those who have helped me , i'm still on demo . hoping to go live soon
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ej.png Size: 109 KB
  • #9,606
  • Jan 2, 2013 8:57am Jan 2, 2013 8:57am
Quoting robuk
+90 pips today - just wanted to thank all those who have helped me , i'm still on demo . hoping to go live soon
Thanks for posting your trades

Can you share with me your 1 year experience, your steps for learning Forex, as I'm a beginner and I would like to filter as much information as possible

I am reading " Trading for Living " by Alder and after I finish with that planning to start baby pips school , am also watching Nison candles video

I would like to understand Price Action and Trading Psychology , and am reading as much info as possible about PA (Price Action)

I hope I'm in the right way to learning how to trade Forex

Everyday I open my chart in a huge Electronic White Board and just look at the chart and try to analysis Price Action as if am learning a new language and try start speaking
I Have Learned to Take Some Losses to Make Profits
  • #9,607
  • Jan 2, 2013 10:48am Jan 2, 2013 10:48am
+ 65 pips
Nothing to do with the S3, but everything to do with trading for money. 123 on the 1 hr and a smaller earlier 123 on the 15min.
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Cut your Losers short and let your Winners run.
  • #9,608
  • Jan 2, 2013 10:51am Jan 2, 2013 10:51am
Quoting robuk
+90 pips today - just wanted to thank all those who have helped me , i'm still on demo . hoping to go live soon
Very nicely done
Cut your Losers short and let your Winners run.
  • #9,609
  • Jan 2, 2013 11:43am Jan 2, 2013 11:43am
Quoting X-Man
[b][color=Blue]Yes thats right
I thank all the traders here that is keeping this thread alive that means alot to me. A big thanks to all of you .

This thread is a big big accomplishment for me.
I was a trader from 30 august 2011 started in trading made simple and studying under Big E (may GOD rest his soul) I was a noob that time just finished my studies at babypips.com and came to FF

After 3month of trading I started this thread on 25 November 2011. I had no idea my thread would still be going after all this time.
well it is profitable,...
Greetings my friend - nice to see you back on the thread.

Happy New Year - looks like a great start :-)
"To live with Passion, it takes Courage and Grace to survive"
  • #9,610
  • Jan 2, 2013 3:05pm Jan 2, 2013 3:05pm
This method is amazing, and has helped me with my trading. Thank you X-Man!
  • #9,611
  • Jan 3, 2013 1:17am Jan 3, 2013 1:17am
Quoting robuk
+90 pips today - just wanted to thank all those who have helped me , i'm still on demo . hoping to go live soon
Those are some nice trades there buddy
I like
X-man the legendary conqueror of markets
  • #9,612
  • Jan 3, 2013 1:29am Jan 3, 2013 1:29am
Quoting Britpip7
Greetings my friend - nice to see you back on the thread.

Happy New Year - looks like a great start :-)
Hello my Buddy

Very very good to see you after a long time. Good to know you still rocking this business.
I wish you a very very prosperous 2013 and may you have many many green pips.

Keep in touch my friend. I get really happy to see familiar names here.
X-man the legendary conqueror of markets
  • #9,613
  • Jan 3, 2013 1:39am Jan 3, 2013 1:39am
Quoting IvanNC
This method is amazing, and has helped me with my trading. Thank you X-Man!
It not me buddy that is all you.
You have put in all that work to make yourself profitable
Now the most important part is to be consistent.
Do what you do everyday.
The market moves almost the same everyday just with different variations thats all.
Master the flow
EU is the easiest to master.
EJ is the second easiest to master.

So far i have been watching these charts for a year now.
I see the same things all the time .
X-man the legendary conqueror of markets
  • #9,614
  • Jan 3, 2013 4:24am Jan 3, 2013 4:24am
Hi there,

Took the losing trade today. Was wondering whether my analysis was correct. What were your views on this one?

http://img10.imageshack.us/img10/7334/eu20130103.jpg

Third last candle is LO. It has followed bearish engulfing patternt. Even if low would have been broken, I would not consider going short- green above red. Then LO candle created double bottom higher close, same time the low of the previous day was broken. Second candle with green over red. Red is sloping up, yellow is neutral. There is enough room before EMA200. Regarding Phx62, if Asian makes a significant move, the London/US session usually follows. This was the case, however, patterns indicated bullish strength.

If your analysis was similar, where would you place SL? I closed mine below engulfing pattern.

Thanks in advance,
m.
Remember I'm a newbie!
  • #9,615
  • Jan 3, 2013 7:34am Jan 3, 2013 7:34am
Hey Scorps , I think with what you are doing already , you will soon be getting on very nicely --do loads of back testing , The only thing i could add would be to follow X-MANS advice and learn only EU 1 hour first , and study PHX62 charts .and never give up !!
Quoting TheScorpS
Thanks for posting your trades

Can you share with me your 1 year experience, your steps for learning Forex, as I'm a beginner and I would like to filter as much information as possible

I am reading " Trading for Living " by Alder and after I finish with that planning to start baby pips school , am also watching Nison candles video

I would like to understand Price Action and Trading Psychology , and am reading as much info as possible about PA (Price Action)

I hope I'm in the right way to learning how to trade Forex

Everyday I open...
  • #9,616
  • Jan 3, 2013 7:38am Jan 3, 2013 7:38am
Quoting dee50
Very nicely done
Thanks DEE , I learned a lot from you , and I still have loads to learn .
  • #9,617
  • Jan 3, 2013 7:47am Jan 3, 2013 7:47am
Quoting X-Man
Those are some nice trades there buddy
I like
THanks X-MAN ,
I didnt know what forex was till i caught sight of you and the wheelbarrow one day , you very kindly answered all my dumb questions -- and sorry to tell you there will probably be more to come .
I'm hoping to go 'live ' soon
  • #9,618
  • Jan 3, 2013 9:37am Jan 3, 2013 9:37am
Quoting mierzyk
Hi there,

Took the losing trade today. Was wondering whether my analysis was correct. What were your views on this one?

http://img10.imageshack.us/img10/7334/eu20130103.jpg

Third last candle is LO. It has followed bearish engulfing patternt. Even if low would have been broken, I would not consider going short- green above red. Then LO candle created double bottom higher close, same time the low of the previous day was broken. Second candle with green over red. Red is sloping up, yellow is neutral. There is enough room before EMA200....
1...since the US Congress reached an agreement regarding the "fiscal cliff", I would only be looking for a short trade based on "perceived" dollar strength from that announcement.
2...Because the green and red lines are below the yellow Market Base Line....and the recent trend is down (draw a line from the top left corner of your chart to the bottom right corner) I do not see bullish strength.
3...Price is below the 200EMA....until it breaks back above the 200, I would consider the market to be bearish.
4...The LO candle was a fake out candle, which happens regularly at LO...price moved up a little then pushed down.....
Based on this analysis, I was only looking to take short trades during the past 24 hours.
Hope this helps......
  • #9,619
  • Jan 3, 2013 9:59am Jan 3, 2013 9:59am
Took three EU H1 trades in the past 24 hours. Some of the reasons were explained in my last post. In addition, using Market Harmonics (still learning that from Rick at Pro Trader Network and some of munirpt's posts on this thread), there was an impulse leg down about 135 pips and then a retrace to the 23.6 fib which was just under the 200EMA and then the second leg moved down about 105 pips, so far. The last leg has not quite reached the target but is close to the H4 200EMA. The first trade was taken following "fiscal cliff" news shortly after the NY open yesterday, along with the reasons stated above. The other two trades were based on Market Harmonics and TDI signals. Three good trades.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.1.3 eu h1.gif Size: 37 KB
  • #9,620
  • Jan 3, 2013 10:03am Jan 3, 2013 10:03am
Quoting X-Man
It not me buddy that is all you.
You have put in all that work to make yourself profitable
Now the most important part is to be consistent.
Do what you do everyday.
The market moves almost the same everyday just with different variations thats all.
Master the flow
EU is the easiest to master.
EJ is the second easiest to master.

So far i have been watching these charts for a year now.
I see the same things all the time .
You are absolutely right. It's always the same. Once you see it once or twice, you can spect the same to happen the third time. I see what you mean. Thank you once again!!!
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