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Another simple system - Time-Frame 15

  • #941
  • Apr 19, 2012 7:40am Apr 19, 2012 7:40am
Quoting creatifx
True words ! I'm still struggling with the confidence - often I got out a good trade too early. But it's getting better, the last weeks I'm making (little) money consistently - finally after 2 years of trading. Learning Forex takes time ...
it does takes some time and money as a tuition fee.but be stubborn in learning you will succeed.
Let all the living things live blissfully
  • #942
  • Apr 19, 2012 8:11am Apr 19, 2012 8:11am
Quoting loveevery1
now...how did i know if the price was going to fall ?...are you telling me it was a resistance line from 4hrs.yes you are right. then why you folks dint take it ?


this is where confidence comes in.our mind is very scared to lose.so its doubts every setup which comes up.you cannot learn cycling without falling..fall and and learn.if you have any slightest doubt ask me i wil be there for you..even if i leave this thread.i wil be in touch through email and phone.
Trying to build my confidence by looking at successful trades and curious why you took the GU trade few posts above.
It was towards 200Ema and also 3 bars after RSI crossing the Signal line.
Just realised that entry was probably when it closed below 10Ema. Hope that is the correct analysis?

EP
Attached Image
  • #943
  • Apr 19, 2012 10:50am Apr 19, 2012 10:50am
Quoting loveevery1
im happy you are in the trade still..im sure you will pip more on this one..it was a very good resistance level.but remember just coz its demo you are holding it..dont do it..practice one thing and one SL and one Tp say 20 and 20..this is a discipline.later you will learn how to hold on longer..

mate...in 15min..you dont need more than 15-20 a day.the money will grow like crazy...keep practicing.

note: Do not take trades coz i take trades..do your own analysis for entering and exits.if not we will never learn
Thanks for your guidance lovee ! you're an inspiration. I'll be sticking to 1:1 risk/profile ratio 20/20 pips as you suggested.
I try not to listen to any signals posted or at least justify them by my own PA analysis. Lately I've came to realization how Candles, R/S lines and trend direction beats TDI in importance. Therefore when I do my analysis I minimize the TDI so it doesn't influence me and only when I've made my decision I look at the TDI for confirmation.

Guys if you have any other great resources for PA analysis learning, pls go ahead and share it, so we can all feed off each other.
I follow this thread and this blog: http://www.protradenetwork.com/
Lovee and Rick are my mentors
  • #944
  • Apr 19, 2012 11:22am Apr 19, 2012 11:22am
Quoting El1n
Thanks for your guidance lovee ! you're an inspiration. I'll be sticking to 1:1 risk/profile ratio 20/20 pips as you suggested.
I try not to listen to any signals posted or at least justify them by my own PA analysis. Lately I've came to realization how Candles, R/S lines and trend direction beats TDI in importance. Therefore when I do my analysis I minimize the TDI so it doesn't influence me and only when I've made my decision I look at the TDI for confirmation.

Guys if you have any other great resources for PA analysis learning, pls go ahead...

Hello mate...

1:1 is more than enuf to starting mate..on the 15min 20 20 shud work this is what i used to keep when i started.practice on demo first then move on to small live account with 100 dollars...trade only .5-1% risk every trade.later deposit 200 dollars then 300..and so on.

The reason is..if you have doubled 100$ and after dobling if you invest 1000$...your mind and eyes are not used to seeing the profit or the loss on the 1000$ account.you will exit a good trade early or you will not exit a bad trade early.practice your mind for the numbers.i still dont take trades more than 3-5 lots..im happy with the money i make.

For thought: we cant take a penny when we die.whoever you make money for( sons, daughters,parents,wife) everyone will forget you in 3 days.they will carry on with their lives.In our normal lives try to help others as much as you can.dont cheat on anybody.This is the credit that we can take when we die


God bless everyone ...keep practicing my friend.lemme know if you need more help
Let all the living things live blissfully
  • #945
  • Apr 19, 2012 11:24am Apr 19, 2012 11:24am
Quoting EaglePip
Trying to build my confidence by looking at successful trades and curious why you took the GU trade few posts above.
It was towards 200Ema and also 3 bars after RSI crossing the Signal line.
Just realised that entry was probably when it closed below 10Ema. Hope that is the correct analysis?

EP
hello eaglepip
yes you are right there....but why did the price go up furthur...why did it fall?
Let all the living things live blissfully
  • #946
  • Apr 19, 2012 5:06pm Apr 19, 2012 5:06pm
Quoting loveevery1
hello eaglepip
yes you are right there....but why did the price go up furthur...why did it fall?
Was it because of the big RN 1.60500? Now I'm confused.
So how can one be confident it would be a reversal?
EP
  • #947
  • Apr 19, 2012 5:30pm Apr 19, 2012 5:30pm
Quoting EaglePip
Was it because of the big RN 1.60500? Now I'm confused.
So how can one be confident it would be a reversal?
EP
Actually, entered long when RSI crossed again, but closed too early.
Price is now back at 1.60500 and has been there over 8 hours!
EP
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 21 KB
  • #948
  • Apr 19, 2012 9:58pm Apr 19, 2012 9:58pm
Quoting EaglePip
Was it because of the big RN 1.60500? Now I'm confused.
So how can one be confident it would be a reversal?
EP
no one can be sure in forex mate..we can only judge to an extent..
it was supply zone on 4hr chart.i will tell you what a demand and supply level is later..till then please try to indentify that on your own.

THis is something different.Most of the people dont know what im about to tell you.this is not the traditional S&D.but i will not be discussing it now.will need sometime..this is the reason im successul my account is growing very fast coz of this technique.look at the overall picture and you will win.
Let all the living things live blissfully
  • #949
  • Apr 19, 2012 10:01pm Apr 19, 2012 10:01pm
Quoting EaglePip
Actually, entered long when RSI crossed again, but closed too early.
Price is now back at 1.60500 and has been there over 8 hours!
EP
Supply = FEAR

Demand = Greed

According to me

this is my explanation of S&D.these are the two things that are driving the market.whatever actions you see on the charts this is what it means.
Let all the living things live blissfully
  • #950
  • Apr 20, 2012 1:41am Apr 20, 2012 1:41am
Quoting loveevery1
Supply = FEAR
Demand = Greed
According to me
this is my explanation of S&D.these are the two things that are driving the market.whatever actions you see on the charts this is what it means.
Hi Lovee1,
My understand of S&D is areas where price has turned in the past.
Was only watching Eu Until your GU trade yesterday.
Since then have been watching both. Very similar action, obviously due to USD. Seems to be more volatility on EU.
Which on do you find easier to trade?
Ep
  • #951
  • Apr 20, 2012 3:12am Apr 20, 2012 3:12am
Quoting EaglePip
Hi Lovee1,
My understand of S&D is areas where price has turned in the past.
Was only watching Eu Until your GU trade yesterday.
Since then have been watching both. Very similar action, obviously due to USD. Seems to be more volatility on EU.
Which on do you find easier to trade?
Ep
just logged in...i mised the setup 3 candles back
Let all the living things live blissfully
  • #952
  • Apr 20, 2012 3:21am Apr 20, 2012 3:21am
Quoting EaglePip
Hi Lovee1,
My understand of S&D is areas where price has turned in the past.
Was only watching Eu Until your GU trade yesterday.
Since then have been watching both. Very similar action, obviously due to USD. Seems to be more volatility on EU.
Which on do you find easier to trade?
Ep

My understand of S&D is areas where price has turned in the past.

then what is S&R then?
Let all the living things live blissfully
  • #953
  • Apr 20, 2012 3:34am Apr 20, 2012 3:34am
Quoting loveevery1
My understand of S&D is areas where price has turned in the past.

then what is S&R then?
Have no idea. From my reading of Sam Seiden, it appeared that S &D were new terms he was using for those S& R levels. Not sure how to differentiate.
Will need to do a bit more reading.
dp
  • #954
  • Apr 20, 2012 3:48am Apr 20, 2012 3:48am
Quoting EaglePip
Have no idea. From my reading of Sam Seiden, it appeared that S &D were new terms he was using for those S& R levels. Not sure how to differentiate.
Will need to do a bit more reading.
dp
Reading it...if you cant find lemme know.
Let all the living things live blissfully
  • #955
  • Apr 20, 2012 4:01am Apr 20, 2012 4:01am
I just took easy 20pips on E/U long after LO opened - this trade was against lovees rules but candles looked too attractive not to take it.

G/U - there was a decent long setup according to lovee's rules shortly after LO. Unfortunately I missed this one. Hope you guys took it. I'm looking for a reversal now on this pair.
  • #956
  • Apr 20, 2012 4:06am Apr 20, 2012 4:06am
Quoting loveevery1
Reading it...if you cant find lemme know.
Just did search and got full explanation.
Thanks, Lovee1 .
EP
  • #957
  • Apr 20, 2012 4:08am Apr 20, 2012 4:08am
Quoting El1n
I just took easy 20pips on E/U long after LO opened - this trade was against lovees rules but candles looked too attractive not to take it.

G/U - there was a decent long setup according to lovee's rules shortly after LO. Unfortunately I missed this one. Hope you guys took it. I'm looking for a reversal now on this pair.
the trade u took was according to the cross on the yellow line rule.good pipping
Let all the living things live blissfully
  • #958
  • Apr 20, 2012 4:11am Apr 20, 2012 4:11am
Quoting EaglePip
Just did search and got full explanation.
Thanks, Lovee1 .
EP
good understand it on the higher timeframes. thats what is important..
Let all the living things live blissfully
  • #959
  • Apr 20, 2012 4:18am Apr 20, 2012 4:18am
thanks LE for share this system, I like some bigger TF for the rest after I trading M1 :-)

I took this trade also

I show hre my mt4 chart, 20 pips, the aqua area, exclude spread was no problem, only the news (german IFO) but my mentor tell me "the chart know the news"

cheers
  • #960
  • Apr 20, 2012 4:20am Apr 20, 2012 4:20am
here the pic, I had some prob by the attachment :-)
Attached Image (click to enlarge)
Click to Enlarge Name: euro_20april12.jpg Size: 95 KB
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