- Search Metals Mine
-
Phx62 replied Jan 24, 2013A very nice move up following a strong break of the 200 EMA.
X-Man's Super Simple System
-
Phx62 replied Jan 23, 2013Nice little 50 pip EJ Asian session trade to start the day as price broke through the 200 EMA and the 50 EMA (M15 200) and then a break of yesterdays high..........off to get a couple of hours sleep before London.....
X-Man's Super Simple System
-
Phx62 replied Jan 23, 2013The EA trailing stop 3 pips behind the previous candle is my emergency stop, for when I am not monitoring the trade and price reverses. I exited the trade manually at 67 pips as the candle closing price pulled back above the candle open ...
X-Man's Super Simple System
-
Phx62 replied Jan 23, 2013I have tried the smaller MA's.....I found they just cluttered up my chart and gave me "analysis paralysis". Using MTF 200 EMA's work best for me to give me trend direction and sometimes S/R areas. Smaller MA's work for some people but I didn't get ...
X-Man's Super Simple System
-
Phx62 replied Jan 23, 2013When I learned the Trading Made Simple system, the rule was to wait for a change of candle color and a TDI cross to enter....that TDI cross would usually occur on the first or second candle of a different color. After hundred hours of chart study ...
X-Man's Super Simple System
-
Phx62 replied Jan 23, 2013EJ H1 trades taken today....TP on the first trade was moved to 100 but price reversed....exited with +67....second trade taken a little late but TDI had already crossed green over red and was about to cross yellow.
X-Man's Super Simple System
-
Phx62 replied Jan 23, 20131. First trade.... a. because of the time of day (with London about to open) I would not have considered a long unless the LO candle confirmed a continuation of the first 5 candles. b. My trading plan is based on the TMS system and most trades are ...
X-Man's Super Simple System
-
Phx62 replied Jan 22, 2013Trades so far this week on EU H1. EDIT.....on the chart I stated "SL @ previous resistance" and "SL @ 200EMA".....all 3 of those statements should have stated TP instead of SL.
X-Man's Super Simple System
-
Phx62 replied Jan 17, 2013See post 9,511....I did take the 2nd trade for +40 pips.....I would not take the 1st red arrow trade since price was bouncing up and down over the 50EMA and the 1st candle of LO tested and failed to break the 50EMA.....once price moved away from the ...
X-Man's Super Simple System
-
Phx62 replied Jan 17, 2013Go to the link in the first post of this thread that will take you to Pro Traders Network......lots of price action and market harmonics taught there. Also mentioned above....
X-Man's Super Simple System
-
Phx62 replied Jan 17, 2013I just draw manually off the daily chart.....I look for the "sore thumb" locations where price has reversed or conslolidated....it has worked well for me...I also started drawing some H1 S/R but that has not worked very well....will probably just ...
X-Man's Super Simple System
-
Phx62 replied Jan 17, 2013All his posts need to be compiled into a book!!!!!!!
X-Man's Super Simple System
-
Phx62 replied Jan 17, 2013I traded the EJ again today......took a page from Dee's book and analysed the trades on the H1 but entered trades on the M15.....two nice Asian session trades.....one small loser just before London (I knew better than to take that trade....one of ...
X-Man's Super Simple System
-
Phx62 replied Jan 17, 2013emmanuel......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 ...
X-Man's Super Simple System
-
Phx62 replied Jan 16, 2013The vertical lines on my chart, I place by hand....no indicator.
X-Man's Super Simple System
-
Phx62 replied Jan 16, 2013I downloaded the EMA that changes colors from the Pro Trader Network....the link to that site is in post 1 of this thread. You can great insight on how to trade by studying that site. The M15 EMA on my chart is just a exponentinal moving average set ...
X-Man's Super Simple System
-
Phx62 replied Jan 16, 2013The EA places the stop 5 pips below the previous JAPANESE candle.
X-Man's Super Simple System
-
Phx62 replied Jan 16, 20133 EJ H1 trades today.....1. Waited for bounce away from 200EMA....targeted yesterday's low and the purple resistance line. 2. Pullback candle and change of candle color...traded back to 200EMA. 3. Bounce off the 200EMA again, TDI green line bouncing ...
X-Man's Super Simple System
-
Phx62 replied Jan 16, 2013To 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, ...
X-Man's Super Simple System
-
Phx62 replied Jan 15, 2013See the charts I posted today....the trend was obviously down....as a new trader you need to concentrate on taking trades with the trend....if price is making lower lows and lower highs, you need to only take short trades from the lower highs until ...
X-Man's Super Simple System