X-Man's Super Simple System | Page 529 | 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

  • #10,561
  • Mar 4, 2013 5:00am Mar 4, 2013 5:00am
Hey guys,

For reference purposes, I drew two trendlines that might show potential resistances. If Im not allowed to post these slides on this thread please let me know

Potential breakout marked by blue rectangle.

Any advice appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: mar 4 2013 eurusdh1 trendline.png Size: 70 KB
  • #10,562
  • Mar 4, 2013 5:01am Mar 4, 2013 5:01am
Quoting emmanuel7788
D OHLC are also support and resistance ... since there was no deep retracement, the prev D Close was tested during early Tokyo.
ok, probably friday close makes sense since its the same for everyone but other days, open and closing prices depends on broker times. do you look at closes from monday to thursday?
  • #10,563
  • Mar 4, 2013 5:09am Mar 4, 2013 5:09am
Im new to this thread, i followed TMS for a long time but took a break form the markets till now. hopefully ill stick around here for a while and be able to bank some pips with you guys

Quoting tonny47
1.3000 is big round number (triple 0), price normally likes to stick around it for a while. i find it difficult to trade around that number
Agreed, im looking for a CT long position for approx 50pips, then looking for a longer term short signal. Also 1.3000 is a major support level from dec 2012 to keep an eye on
  • #10,564
  • Mar 4, 2013 5:20am Mar 4, 2013 5:20am
Quoting 33drifter
Im new to this thread, i followed TMS for a long time but took a break form the markets till now. hopefully ill stick around here for a while and be able to bank some pips with you guys



Agreed, im looking for a CT long position for approx 50pips, then looking for a longer term short signal. Also 1.3000 is a major support level from dec 2012 to keep an eye on

i wouldnt say i am bullish either, i am just staying away until it makes up its mind
  • #10,565
  • Mar 4, 2013 7:29am Mar 4, 2013 7:29am
Close trade for London.


Trades: 1
P/L: -16

Aggregate Trades: 1
Aggregate P/L: -16
Attached Image (click to enlarge)
Click to Enlarge Name: mar 4 2013 london close eurusdh1.png Size: 47 KB
  • #10,566
  • Mar 4, 2013 7:49am Mar 4, 2013 7:49am
Quoting emmanuel7788


you got the TMS basics right.
TDI is flat .

But now, with Tokyo close, action may start.... note EZ having some whole day meeting again.
So be ready for surprise.

Hey i can not understand the meaning of 12-2 o clock and 6-4 o clock TDI , I just see the crossover of TDI lines. Would you please tell me how to see it ?
  • #10,567
  • Mar 4, 2013 7:54am Mar 4, 2013 7:54am
Quoting atif58
Hey i can not understand the meaning of 12-2 o clock and 6-4 o clock TDI , I just see the crossover of TDI lines. Would you please tell me how to see it ?
Imagine a clock face behind the TDI with the hands centre on the crossover point.
  • #10,568
  • Mar 4, 2013 7:56am Mar 4, 2013 7:56am
The opening candle is a strong APB (no wick. Bullish)
The direction of the TDI is about 2 o clock

This would give a "good" signal?

I have entered long 50:50
Attached Image (click to enlarge)
Click to Enlarge Name: mar 4 2013 new york open eurusdh1.png Size: 56 KB
  • #10,569
  • Mar 4, 2013 7:57am Mar 4, 2013 7:57am
Quoting forXtrader
Imagine a clock face behind the TDI with the hands centre on the crossover point.
do have any chart saved which was in the same setup as suggested ??
  • #10,570
  • Mar 4, 2013 8:13am Mar 4, 2013 8:13am
Quoting atif58
Hey i can not understand the meaning of 12-2 o clock and 6-4 o clock TDI , I just see the crossover of TDI lines. Would you please tell me how to see it ?
If you can not imagine a clock face, then download one of the many available and just put it on the chart as shown. This one shows the cross occurring at 2 minutes past 12 a really good angle for a long
Attached Image (click to enlarge)
Click to Enlarge Name: clock face.png Size: 61 KB
Cut your Losers short and let your Winners run.
  • #10,571
  • Mar 4, 2013 8:24am Mar 4, 2013 8:24am
Quoting atif58
do have any chart saved which was in the same setup as suggested ??
When RSI and the signal line are flat like that its better to wait and see where the market wants to go. Then wait for a pullback or something and enter.
Thoughts are things
  • #10,572
  • Mar 4, 2013 9:06am Mar 4, 2013 9:06am
Hi Phx62

I'm writing my trading plan , I would like your input on this matter

What I'm doing now is trying to find rules from back testing and forward testing

I just would like if possible your input to where I could start or what should I include cause some times I hear you speak about your trading plan and how you follow it and stick to it, and I read that it helps eliminates emotion as much as possible

I read babypips regarding the trading plan, but it was general not specific about the strategy that we are trading although this is where I'm strarting for the time being

Thank you sir
I Have Learned to Take Some Losses to Make Profits
  • #10,573
  • Mar 4, 2013 9:09am Mar 4, 2013 9:09am
Quoting dee50
If you can not imagine a clock face, then download one of the many available and just put it on the chart as shown. This one shows the cross occurring at 2 minutes past 12 a really good angle for a long
atif58, the "clock face" doesn't have anything to do with time on a clock; it's just to show the angle of the clock hand--not the actual time. The angle position is at "2 minutes past 12."
  • #10,574
  • Mar 4, 2013 9:24am Mar 4, 2013 9:24am
Quoting mary4x
atif58, the "clock face" doesn't have anything to do with time on a clock; it's just to show the angle of the clock hand--not the actual time. The angle position is at "2 minutes past 12."
maybe this explains what the clock face 12-2 and 4-6 means.
Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 example 26-2-2013 7-51-53 AM.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,575
  • Mar 4, 2013 10:13am Mar 4, 2013 10:13am
Quoting emmanuel7788
maybe this explains what the clock face 12-2 and 4-6 means.
Thank u soo much buddy it is my first day of using this trading system , and i was unaware of this rules that's why i have 1 loosing trade and one floating ( negative ). But i also made to winning trades today and made 40 pips
  • #10,576
  • Mar 4, 2013 10:37am Mar 4, 2013 10:37am
I was obviously as clear as mud with my explanation, so to avoid any further possible confusion as to what time of day you should trade using the TDI, or what angle you should trade at, here is a chart that shows both the best time and the best Angle, in degrees as per a protractor. You should just be aware that my time zone is GMT +1. This could affect as to what time the Green Price line crosses the Red Signal Line in your time zone.

Hope it helps
Attached Image (click to enlarge)
Click to Enlarge Name: TDI clock.png Size: 64 KB
Cut your Losers short and let your Winners run.
  • #10,577
  • Mar 4, 2013 11:57am Mar 4, 2013 11:57am
Trade is floating.
Attached Image (click to enlarge)
Click to Enlarge Name: mar 4 2013 new york session eurusdh1.png Size: 56 KB
  • #10,578
  • Mar 4, 2013 12:53pm Mar 4, 2013 12:53pm
hi,
Im trying to learn and spot the trades via 4H swing method
Right now i se AUDNZD , CADJPY and EURAUD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 21 KB
Click to Enlarge Name: cadjpy.gif Size: 20 KB
Click to Enlarge Name: euraud.gif Size: 23 KB
  • #10,579
  • Mar 4, 2013 12:55pm Mar 4, 2013 12:55pm
here is the audusd trade i mentioned i took in the morning. juuuuuuust closed it for 40 pips. beautiful steady uptrend. i wish it got there faster though - was checking the trade like 30 times today
Attached Image (click to enlarge)
Click to Enlarge Name: 4 march long audusd.gif Size: 25 KB
  • #10,580
  • Mar 4, 2013 1:07pm Mar 4, 2013 1:07pm
Quoting tonny47
here is the audusd trade i mentioned i took in the morning. juuuuuuust closed it for 40 pips. beautiful steady uptrend. i wish it got there faster though - was checking the trade like 30 times today
It is satisfying both pullback entry and TDI cross entry right??
4 traders viewing now