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X-Man's Super Simple System

  • #9,861
  • Jan 17, 2013 12:37am Jan 17, 2013 12:37am
[quote=emmanuel7788;6371418]
Quoting itrade44

Hi,

Only by following and using Price Action will put you in the market ahead of the crowd.
Learn CandleStick patterns and interpret the market sentiments.

regards,
Yes its indeed learning Price Action, I'm following this strategy but I'm reading a lot about Price Action, which improves me learning a lot, now mostly I take trades according to Price Action, when I do so, all the rules of S3 comes together
I Have Learned to Take Some Losses to Make Profits
  • #9,862
  • Jan 17, 2013 12:40am Jan 17, 2013 12:40am
Trading TDI crosses:

Quoting Xhale12
Good charts Phx, but in my limited experience with TDI, buying/selling every cross will leave you with a blown account fairly quickly. Is there some criteria for these trades your taking that I'm missing? Or are you truly just buying/selling every cross of the tdi?

Quoting Phx62
To add to Dees's comments.....I did that exercise on a demo account because I was not sure what the results would be.....but yes, I truly just bought and sold every cross....but like Dee stated, I can't turn off the knowledge of price action, S/R, MA's, etc.....that obviously did influence TP, SL and exits. Some of those trades I would have passed on, trading live. The object was to show that simple trading and using the TDI can be beneficial to any trader....even one who would blindly take every cross of the TDI, WITH AN ENTRY ON THE 1ST OR 2ND...
Hi,
Let me just add my 2 cents here on trading TDI crosses.

I used a trade simulator and tested buying and selling every TDI cross with various exit combinations using past 5 years data.
The result is that in all cases running in lower TF - M15, H1 and H4, your account will be busted.

The only profitable TF is D and this only long term trading over 5 years.

My point here is you can use the TDI cross as entry but you need to have a proven exit management in place.
You also need a proven money management strategy, risk management and position sizing strategy in your system.
Whether you use scaling in and scaling out positions will determine how proftable your system will be in long run.
Trade like an investor. THINK.

Regards,

Edit: I see two very experienced and matured traders here - Phx62 and Dee50. Their combined market experience is more than 20 years and I am not talking about their ages. LOL.
The knowledge base is immense in this thread and when you don't learn and digest the sharing here by these two veteran traders, you will lose out.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,863
  • Jan 17, 2013 12:47am Jan 17, 2013 12:47am
Hi, i just want to share my setup in Asia session on EJ and it's will be great if you guys can free to comment on my chart.

Thank you very much!!

Another question : all I using right now is LIVE APB & TDI (as explained in the chart below, i aim to avoid late entry). Is this approach correct or not?
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-01-17_144421.jpg Size: 202 KB
  • #9,864
  • Jan 17, 2013 1:17am Jan 17, 2013 1:17am
Quoting shakeyiu
Hi, i just want to share my setup in Asia session on EJ and it's will be great if you guys can free to comment on my chart.

Thank you very much!!

Another question : all I using right now is LIVE APB & TDI (as explained in the chart below, i aim to avoid late entry). Is this approach correct or not?

Hi shakeyiu,

Nice Asian session trades.
EJ volatility has increase in the last few weeks and the swings look decent to get some 30 to 50 pips.
Using APB and TDI is 'safe' conservative way to trade. But PA will get you earlier entry and smaller SL, so smaller R and hence better RR trades.
Since you trade entry on M15, also look at H1 PA especially the candlestick pattern like pin bar, inside bar and engulfing candles, etc. which will give you higher probablility trade setups and also confidence to push for more profits after entry.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,865
  • Jan 17, 2013 3:25am Jan 17, 2013 3:25am
hi has anyone made a robot for X-Man's System?
  • #9,866
  • Jan 17, 2013 3:49am Jan 17, 2013 3:49am
Quoting Phx62
The vertical lines on my chart, I place by hand....no indicator.
PHX62 pls explain what is the yellow dotted line in your TDI? I can recognize that it is mixed together ATR with TDI. If yes which indie is this and why you have it there? Thanks in advance for explanation.
  • #9,867
  • Jan 17, 2013 4:10am Jan 17, 2013 4:10am
Quoting emmanuel7788
Hi shakeyiu,

Nice Asian session trades.
EJ volatility has increase in the last few weeks and the swings look decent to get some 30 to 50 pips.
Using APB and TDI is 'safe' conservative way to trade. But PA will get you earlier entry and smaller SL, so smaller R and hence better RR trades.
Since you trade entry on M15, also look at H1 PA especially the candlestick pattern like pin bar, inside bar and engulfing candles, etc. which will give you higher probablility trade setups and also confidence to push for more profits after entry.

regards,...
Hello, very good trade, where I can download the indicator you use tu.(APB&TDI)Thank you!
  • #9,868
  • Jan 17, 2013 4:14am Jan 17, 2013 4:14am
Quoting teapeak
PHX62 pls explain what is the yellow dotted line in your TDI? I can recognize that it is mixed together ATR with TDI. If yes which indie is this and why you have it there? Thanks in advance for explanation.
It's the MBL(Market Base Line), part of TDI. Look in the colors window in the TDI properties settings.
  • #9,869
  • Jan 17, 2013 4:41am Jan 17, 2013 4:41am
Quoting teapeak
PHX62 pls explain what is the yellow dotted line in your TDI? I can recognize that it is mixed together ATR with TDI. If yes which indie is this and why you have it there? Thanks in advance for explanation.
Follow the link, download the PDF and read. This will explain the components, what they do and why.


http://www.forexfactory.com/attachme...%202012%204:47

http://www.forexfactory.com/attachme...202012%2012:26
Cut your Losers short and let your Winners run.
  • #9,870
  • Jan 17, 2013 4:48am Jan 17, 2013 4:48am
Quoting habicht
hi has anyone made a robot for X-Man's System?
There was one written for the Trading Made Simple thread with all sorts of bells and whistles.
Cut your Losers short and let your Winners run.
  • #9,871
  • Jan 17, 2013 4:53am Jan 17, 2013 4:53am
Quoting dee50
Follow the link, download the PDF and read. This will explain the components, what they do and why.


http://www.forexfactory.com/attachme...%202012%204:47

http://www.forexfactory.com/attachme...202012%2012:26
Thanks a lot I read these ....but I thought that it is something else as he have there ATR(7) indie also....
  • #9,872
  • Jan 17, 2013 5:16am Jan 17, 2013 5:16am
Quoting teapeak
Thanks a lot I read these ....but I thought that it is something else as he have there ATR(7) indie also....
ATR = Average True Range. Gives you the average range of a bar for the last 7 bars. It is also a measure of volatility the lower the range the less volatility. It is not absolutely necessary to this method, but old habits die hard. I too have it on my charts incorporated into the TDI window. If you want to know more just google it.
Cut your Losers short and let your Winners run.
  • #9,873
  • Jan 17, 2013 6:37am Jan 17, 2013 6:37am
made 75+ from Tdi bounce on e/u
Attached Image (click to enlarge)
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  • #9,874
  • Jan 17, 2013 6:47am Jan 17, 2013 6:47am
Quoting T999
made 75+ from Tdi bounce on e/u
Thoughts are things
  • #9,875
  • Jan 17, 2013 6:55am Jan 17, 2013 6:55am
Quoting T999
made 75+ from Tdi bounce on e/u
Feels good when a plan comes together. Nice one
Cut your Losers short and let your Winners run.
  • #9,876
  • Jan 17, 2013 6:57am Jan 17, 2013 6:57am
How this morning shaped up using PA from yesterday to signal what was coming. Hope you all made these pips. ist chart Hourly for analysis. second chart 15 min for earlier entry and clarity.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Hourly.png Size: 35 KB
Click to Enlarge Name: 17 01 + 65pips.png Size: 35 KB
Cut your Losers short and let your Winners run.
  • #9,877
  • Jan 17, 2013 6:59am Jan 17, 2013 6:59am
thanks guys
  • #9,878
  • Jan 17, 2013 7:05am Jan 17, 2013 7:05am
Quoting dee50
How this morning shaped up using PA from yesterday to signal what was coming. Hope you all made these pips. ist chart Hourly for analysis. second chart 15 min for earlier entry and clarity.
Could you give your thoughts regarding why this recent consolidation looked like a reversal setup and the one marked, from a few days ago, as a continuation?
Attached Image (click to enlarge)
Click to Enlarge Name: Hourly.png Size: 36 KB
Thoughts are things
  • #9,879
  • Jan 17, 2013 7:09am Jan 17, 2013 7:09am
+40 pips on eurusd enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 137 KB
  • #9,880
  • Jan 17, 2013 7:16am Jan 17, 2013 7:16am
Quoting emmanuel7788
Brilliant post and I want highlight this above to read.

No two traders trading the same method will have the same results.
It is not about the indicators or having better indicators. These are all technical.
The method is only 10% maybe less. There is a lot more under which we do not see.
Like the iceberg which sank the Titanic.
You need to consider your money management strategy, position sizing, trade exit management, etc.
The other big part is how you manage your trading psychology. This is the toughest part and there is one solution fit...
emmanuel......good to see you post here again and I really appreciate your comments.......
newbies, listen to this trader....he is one of the best analysts out there.....look his name up on the member list and go back and read his posts.....he has a very thorough understanding of the forex market......learn from him!!!!!!
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