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X-Man replied Dec 14, 2011Heres the updated version of the word document containing the rules for the 1H E/U method . Can i get a trader to convert this to PDF for me. Let me know if theres anything i missed out. This will be posted on post #1
X-Man's Super Simple System
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X-Man replied Dec 14, 2011In my chart all those candles closed below the open when the candles were bullish and all the candles closed above the open when they were bearish. The open and close can be viewed on either side of the candles. The open is viewed on the left of the ...
X-Man's Super Simple System
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X-Man replied Dec 13, 2011The candle color does not matter to me when there is a pullback. Just notice the open and the close of those candles. and the long wicks. I didnt mention anything about the candle changing color because 50% of the time the color wont change.
X-Man's Super Simple System
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X-Man replied Dec 13, 2011Nooo the strategy hasn't changed. The strategy still the same from the start of the thread. Now that you got me thinking , traders that download the PDF will think its only about the pullbacks. I add more to the rules.
X-Man's Super Simple System
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X-Man replied Dec 13, 2011LOL, please some one convert the file to PDF it would be much appreciated. Thanks guys
X-Man's Super Simple System
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X-Man replied Dec 13, 2011Guys i see a lot of traders here are having trouble with TP. I would recommend the following . Your first TP should be at 1:1 Your second TP should be at 1:2 and the third TP should be at 1:3 Usually i would say lock in profits when it hit 1:1 and ...
X-Man's Super Simple System
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X-Man replied Dec 13, 2011TDI will usually do that when it goes against the trend. Today i expected a bigger retracement than what it gave.
X-Man's Super Simple System
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X-Man replied Dec 13, 2011The A/U trade i entered because of the break in the blue band. So i waited for the candle to change color and entered at the opening of the second blue candle. This trade was entered and monitored on the 4H chart only. Its against the trend and it ...
X-Man's Super Simple System
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X-Man replied Dec 13, 2011It has been mentioned last week that TP should be smaller during the month of december by Phx62 and fellow traders. The long trade a took i closed it at 10 pips , wasnt quick enough to close it earlier. I went short at the NY session and closed it ...
X-Man's Super Simple System
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X-Man replied Dec 13, 2011Zortan
Your statement shows me clearly you havent been reading my posts. I have been posting to fellow traders that they have to learn the movement of PA on E/U. Thats why i keep stressing that they should back test , back test and yet more ...X-Man's Super Simple System
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X-Man replied Dec 13, 2011The reason why i would watch m charts closely is because the NY session will be starting soon so i dont want PA trying anything funny.
X-Man's Super Simple System
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X-Man replied Dec 13, 2011Thanks smash. My TP is set at 1.33000 which is around 100 pips. but I will be watching the charts closely. Even if you guys look at the news it shows better than expected which shows a bullish sentiment.
X-Man's Super Simple System
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X-Man replied Dec 13, 2011Guys i went long on the open of the current bar. The reason for this is that the bulls were more in favor as i could see that PA is showing signs of retracement on the 4H chart. So i would rather take the longs than shorts. On the 4H chart you can ...
X-Man's Super Simple System
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X-Man replied Dec 13, 2011Yes i agree to this. I did not take any trade yet as PA still stuck in a range. If you unsure about the pullbacks, go to last week and back test it. You will see perfect pull back candles there.
X-Man's Super Simple System
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X-Man replied Dec 13, 2011LOL ok if i personally see a signal i will take it. I always take a trade when a candle is closed , i wont trade while a candle is open. I see PHX62 does that and is successful with it. Thats his trading style and he is good at it. Im not as good as ...
X-Man's Super Simple System
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X-Man replied Dec 13, 2011Thats a nice article. Only 5% of traders make it in this forex game. Who are the 5%? They are the traders that has their own edge and stick to 1 trading system. A trader that keeps changing his/own system after a few losses wont make it in the forex ...
X-Man's Super Simple System
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X-Man replied Dec 13, 2011Thats a nice article. Only 5% of traders make it in this forex game. Who are the 5%? They are the traders that has their own edge and stick to 1 trading system. A trader that keeps changing his/own system after a few losses wont make it in the forex ...
X-Man's Super Simple System
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X-Man replied Dec 13, 2011If you feel comfortable for PA to go below or under then you can do that coz there are some traders who trades that way. But always try to enter latest on the open of the second candle of the 4H chart. I dont enter a trade if i miss the first 2 ...
X-Man's Super Simple System
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X-Man replied Dec 13, 2011If you are unsure then i recommend you wait until the news comes out , at the time of the news the market can spike like crazy.
X-Man's Super Simple System
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X-Man replied Dec 13, 2011Looks like E/U , A/U , U/CHF , E/J will be retracing today. Be Careful as you will be going against the 60EMA rule.
X-Man's Super Simple System