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Another simple system - Time-Frame 15

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  • Post #541
  • Quote
  • Apr 2, 2012 5:05am Apr 2, 2012 5:05am
  •  loveevery1
  • Joined Feb 2012 | Status: Member | 3,108 Posts
Quoting shiva poudel
Disliked
lovee...cant we take the trade before 4 candles from your entry candle and tht would be the text book trade.
Ignored
we sure can mate..its before the london open.i prefer after the open.today i wasnt here on my computer. most of the time EU and LO will go oppsite direction atleast in the beginning.go back few charts and chek it..

Just practice your eyes...it will take sometime for the setup to form now.just dont waste ur time now just backtest backtest backtest and backtest....

while you do it...if the setup forms..just put a Mental entry and SL and Tp..and practice

sorry mate...dint realise you were referring to GU...on the GU chart..you cant take that coz there is not cross nor a signal at that time.it was london opening
Let all the living things live blissfully
 
 
  • Post #542
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  • Apr 2, 2012 5:14am Apr 2, 2012 5:14am
  •  raitchev
  • | Joined Mar 2008 | Status: a.k.a Gogo | 179 Posts
Quoting loveevery1
Disliked
no mate..it wasnt close to the 68 level.remember every centimetre counts here..i have seen trades running 50 pips even after 68 level.

this was london market open..where lot of banks from all over the world will put their fresh money at this time.most of the time it will blow in one direction..it rarely ranges during LONDON open.its upto us to judge if the banks are gona buy are sell...so we indentify them with TDI and other indicators.

MOMemtun is the key...
Ignored
I get your point
Well since i am a newbie with that system i was waiting for that cross a bit over(under) the 50 line. And since the cross hapened on 65 or something i just simply passed it.
Twitter @raitchev
 
 
  • Post #543
  • Quote
  • Apr 2, 2012 5:18am Apr 2, 2012 5:18am
  •  shiva poudel
  • | Joined Mar 2012 | Status: Member | 13 Posts
thanks lovee...I follow ur suggestion from now.god bless
 
 
  • Post #544
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  • Apr 2, 2012 5:48am Apr 2, 2012 5:48am
  •  Cun
  • | Joined Sep 2011 | Status: Member | 81 Posts
Quoting loveevery1
Disliked
ok...folks...just a quick update to the trade that i took. thank heavens i moved to the bottom of the entry candle..that was below the RN aswell. i let the trade run,...now its hit the target +17 pips...the price retraced very quickly after touching the PPA...was happy with little profit.
Ignored
I was too late for this EUR/USD trade and took the EUR/AUD one instead and just closed at +17 also.
 
 
  • Post #545
  • Quote
  • Apr 2, 2012 6:20am Apr 2, 2012 6:20am
  •  raitchev
  • | Joined Mar 2008 | Status: a.k.a Gogo | 179 Posts
I just went long on e/u @ 1.3357
Twitter @raitchev
 
 
  • Post #546
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  • Apr 2, 2012 6:22am Apr 2, 2012 6:22am
  •  raitchev
  • | Joined Mar 2008 | Status: a.k.a Gogo | 179 Posts
Attached Image (click to enlarge)
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Size: 41 KB


heres why.

Loveevery1 can yo please give me your opinion about this trade? I put my SL @ 1.3340 and ill aim for some 20 pips maybe.
Twitter @raitchev
 
 
  • Post #547
  • Quote
  • Apr 2, 2012 6:40am Apr 2, 2012 6:40am
  •  loveevery1
  • Joined Feb 2012 | Status: Member | 3,108 Posts
Quoting loveevery1
Disliked
I feel GU is entering into a very heavy resistance zone..lets watch.
Ignored
Another reminder guys...may be Thats why its falling...
Let all the living things live blissfully
 
 
  • Post #548
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  • Apr 2, 2012 6:44am Apr 2, 2012 6:44am
  •  loveevery1
  • Joined Feb 2012 | Status: Member | 3,108 Posts
Quoting raitchev
Disliked
Attachment 933491

heres why.

Loveevery1 can yo please give me your opinion about this trade? I put my SL @ 1.3340 and ill aim for some 20 pips maybe.
Ignored

mate refer to the previous post....i feel its bouncing off a heavy resistance level...and the retracement was over 75% watch out for these things buddy,,,,
Let all the living things live blissfully
 
 
  • Post #549
  • Quote
  • Apr 2, 2012 6:45am Apr 2, 2012 6:45am
  •  loveevery1
  • Joined Feb 2012 | Status: Member | 3,108 Posts
Quoting Cun
Disliked
I was too late for this EUR/USD trade and took the EUR/AUD one instead and just closed at +17 also.
Ignored

even i was little late...i missed another 5 pips..should have entered earlier...good luck next time
Let all the living things live blissfully
 
 
  • Post #550
  • Quote
  • Apr 2, 2012 6:56am Apr 2, 2012 6:56am
  •  raitchev
  • | Joined Mar 2008 | Status: a.k.a Gogo | 179 Posts
yep.. sl got hit.
Twitter @raitchev
 
 
  • Post #551
  • Quote
  • Apr 2, 2012 7:29am Apr 2, 2012 7:29am
  •  Themartycat
  • | Joined Dec 2011 | Status: Member | 37 Posts
Hi guys,

I know this has probably already been covered, but I've been overseas for a few days and not had time to look:

What's the maximum number of candles after a TDI cross that we can enter a valid trade. I'm guessing no more than 3?

For you guys trading pairs like GBP/JPY, etc. with the wider spreads- how are you finding this system works?
 
 
  • Post #552
  • Quote
  • Apr 2, 2012 8:14am Apr 2, 2012 8:14am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie | 14,579 Posts
Am new to this system, and asking if I did execute this correctly ? If it's not please give me some insight for proper corrective action.

Note : Shorted EJ @ 110.321, time 10:35

Thank U
Attached Image (click to enlarge)
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Name: ej.gif
Size: 31 KB
I come from the future.
 
 
  • Post #553
  • Quote
  • Apr 2, 2012 8:23am Apr 2, 2012 8:23am
  •  loveevery1
  • Joined Feb 2012 | Status: Member | 3,108 Posts
MY AU trade,,,,by the book trade,,,15 pips...and another 10 pips...
Attached Image (click to enlarge)
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Name: set1.gif
Size: 13 KB
Let all the living things live blissfully
 
 
  • Post #554
  • Quote
  • Apr 2, 2012 8:25am Apr 2, 2012 8:25am
  •  loveevery1
  • Joined Feb 2012 | Status: Member | 3,108 Posts
MY Eu trade...counter trend entry..,,,i was trusting the heavy resistance too porift near the 200ema, my EA did actually...its effective..
Attached Image (click to enlarge)
Click to Enlarge

Name: set1.gif
Size: 12 KB
Let all the living things live blissfully
 
 
  • Post #555
  • Quote
  • Apr 2, 2012 8:28am Apr 2, 2012 8:28am
  •  loveevery1
  • Joined Feb 2012 | Status: Member | 3,108 Posts
So total 17 in london
15 after london in EU

and 15 in AU.

17+15+15=47 pips total.

hooooeY I DONT TRADE LIKE THIS...dont know if i knw forex,,,or this system is very powerfull....its just happening
Let all the living things live blissfully
 
 
  • Post #556
  • Quote
  • Apr 2, 2012 8:34am Apr 2, 2012 8:34am
  •  loveevery1
  • Joined Feb 2012 | Status: Member | 3,108 Posts
Quoting raitchev
Disliked
yep.. sl got hit.
Ignored
always see the S@R mate...
Let all the living things live blissfully
 
 
  • Post #557
  • Quote
  • Apr 2, 2012 8:35am Apr 2, 2012 8:35am
  •  loveevery1
  • Joined Feb 2012 | Status: Member | 3,108 Posts
Quoting Pat Chiko
Disliked
Am new to this system, and asking if I did execute this correctly ? If it's not please give me some insight for proper corrective action.

Note : Shorted EJ @ 110.321, time 10:35

Thank U
Ignored
YOu nailed it right there my friend...this was my trade...
Let all the living things live blissfully
 
 
  • Post #558
  • Quote
  • Apr 2, 2012 8:37am Apr 2, 2012 8:37am
  •  loveevery1
  • Joined Feb 2012 | Status: Member | 3,108 Posts
Quoting Themartycat
Disliked
Hi guys,

I know this has probably already been covered, but I've been overseas for a few days and not had time to look:

What's the maximum number of candles after a TDI cross that we can enter a valid trade. I'm guessing no more than 3?

For you guys trading pairs like GBP/JPY, etc. with the wider spreads- how are you finding this system works?
Ignored

I havent touched GJ till date...mate. you can enter 1 or 2 or maximum of three.after that it will be too late.again watch the size of the candle.
Let all the living things live blissfully
 
 
  • Post #559
  • Quote
  • Apr 2, 2012 8:39am Apr 2, 2012 8:39am
  •  Themartycat
  • | Joined Dec 2011 | Status: Member | 37 Posts
Quoting Pat Chiko
Disliked
Am new to this system, and asking if I did execute this correctly ? If it's not please give me some insight for proper corrective action.

Note : Shorted EJ @ 110.321, time 10:35

Thank U
Ignored
Hi Chico,

Which TF are you using for this trade? It doesn't look like T15...
 
 
  • Post #560
  • Quote
  • Apr 2, 2012 8:42am Apr 2, 2012 8:42am
  •  Themartycat
  • | Joined Dec 2011 | Status: Member | 37 Posts
Quoting loveevery1
Disliked
I havent touched GJ till date...mate. you can enter 1 or 2 or maximum of three.after that it will be too late.again watch the size of the candle.
Ignored
Thanks LoveE,

I have an 8pt spread on my G/J, which is a killer!

Regarding the number of candles: if the momentum still appears to be developing, could we even enter on the 4th? Or is that like playing with fire, and it's better to hold your fire?
 
 
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