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Another simple system - Time-Frame 15

  • #14,941
  • Nov 20, 2012 10:14am Nov 20, 2012 10:14am
Quoting X-Man
yeah bro i try to keep it as simple as possible.

the cleaner your charts the better you see setups and the better everyone else can understand.
if the market moves like this all the time then we dont even need any other things to tell us to get in .
I like taking my 15 to 30 pips a day and im done.
thats it.
Hey Brother!!!

You've reached your RN!!!!

Roman
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  • #14,942
  • Nov 20, 2012 10:21am Nov 20, 2012 10:21am
Quoting Ciara
GA CT..chart below..no need to repeat the classic setup rules.

Ciara

Watch GJ and EJ for similar things in the making.
Ideas shape the course of history
  • #14,943
  • Nov 20, 2012 10:24am Nov 20, 2012 10:24am
Quoting Apophis
Hey guys/gals, please take a look!

Hi Apophis,

Take a look at the daily chart and look for what is stalling the market on the way up.
  • #14,944
  • Nov 20, 2012 10:36am Nov 20, 2012 10:36am
Quoting vntrading
Very good, i wish i can quickly learning like you,
Thanks you so much.
The fastest way to learn is to BACKTEST.

After every-day's trading, try and backtest the pairs you will be trading and see the setups happen. This process helps your brain remember and trust the setups when they happen during Live Trades. And it also allows you not to chase trades , cos you know that your setups will happen.

Its a process of getting your eyes used to the setup without the pressure associated with getting it right, either with a demo account or a small live account. To me, its the fastest way to cut short the learning curve.

An ounce of practice is worth more than tons of preaching.- Mahatma Gandhi.

In theory there is no difference between theory and practice. In practice there is - Yogi Berra

“I believe that we learn by practice. Whether it means to learn to dance by practicing dancing or to learn to live by practicing living, the principles are the same. In each, it is the performance of a dedicated precise set of acts, physical or intellectual, from which comes shape of achievement, a sense of one's being, a satisfaction of spirit. One becomes, in some area, an athlete of God. Practice means to perform, over and over again in the face of all obstacles, some act of vision, of faith, of desire. Practice is a means of inviting the perfection desired.” ― Martha Graham

I know you've heard it a thousand times before. But it's true - hard work pays off. If you want to be good, you have to practice, practice, practice. If you don't love something, then don't do it. Ray Bradbury


Let your plan trade for you, not your emotion!!!
  • #14,945
  • Nov 20, 2012 10:39am Nov 20, 2012 10:39am
Welcome back brother, we missed you ....

Quoting X-Man
Whats this world coming to ?
LOL that guiy says theres a small number of traders swimming in river of wealth .
we have our river here in this thread.
hehe
If you want your dreams to come true, you better wake up !!!
  • #14,946
  • Nov 20, 2012 10:40am Nov 20, 2012 10:40am
Quoting xremmy
The fastest way to learn is to BACKTEST.

After every-day's trading, try and backtest the pairs you will be trading and see the setups happen. This process helps your brain remember and trust the setups when they happen during Live Trades. And it also allows you not to chase trades , cos you know that your setups will happen.

Its a process of getting your eyes used to the setup without the pressure associated with getting it right, either with a demo account or a small live account. To me, its the fastest way to cut short the learning curve.

An...
Thank your kind words, im try hard work to lear this market , hope get more teaching from all in this greate thread.
Once again, thanks you so much.
  • #14,947
  • Nov 20, 2012 10:46am Nov 20, 2012 10:46am
Quoting xremmy
The fastest way to learn is to BACKTEST.

After every-day's trading, try and backtest the pairs you will be trading and see the setups happen. This process helps your brain remember and trust the setups when they happen during Live Trades. And it also allows you not to chase trades , cos you know that your setups will happen.

Its a process of getting your eyes used to the setup without the pressure associated with getting it right, either with a demo account or a small live account. To me, its the fastest way to cut short the learning curve.

An...
the back test template i use doesnt allow me to check different time frames. I can only choose one and practice on e.g 15min Tf. Do you have any template where i can back test using different time frames at the same time?
  • #14,948
  • Nov 20, 2012 10:48am Nov 20, 2012 10:48am
Hello everyone!


So many helpful people over here...I've learnt a lot from you guys and I'm stil learning new things everyday.Thank you for being such a good persons! Good luck to all of you!

Anyway, day by day I'm starting too see more things/setups on my charts and I'm verry happy about that.It's all because of you guys - it's always easier to learn when some experts are around.


Only 2 trades today, 44 pips profit.
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  • #14,949
  • Nov 20, 2012 10:49am Nov 20, 2012 10:49am
Quoting vntrading
Thank your kind words, im try hard work to lear this market , hope get more teaching from all in this greate thread.
Once again, thanks you so much.
Don't worry, its worth the hardwork. Can you see X-man's new pip closet?

Also try and set up your chart and post them here. Everyone will be willing to show you everything.

Process flow
Read thread -> Backtest -> Ask Questions.
Let your plan trade for you, not your emotion!!!
  • #14,950
  • Nov 20, 2012 11:00am Nov 20, 2012 11:00am
Quoting newride
the back test template i use doesnt allow me to check different time frames. I can only choose one and practice on e.g 15min Tf. Do you have any template where i can back test using different time frames at the same time?

The one i have is only for a single timeframe. I don't know if anyone in house has any software that can do that.

But not to worry, the ema's on the template - 50, 200 and 800 are all representations of the 10 ema on HTF. So a reaction to them on the 15m chart gives you an idea of what is happening there.
Let your plan trade for you, not your emotion!!!
  • #14,951
  • Nov 20, 2012 11:13am Nov 20, 2012 11:13am
AUD/USD: +16 (closed bounce of fib pivS1)

NZD/USD: +11 (closed with aussie trade)


Both same trades - same setups - same as previous break trades of 200ema or 800ema or both! Very common setups. Very confirmed setups with clear sl placement and quick moves.

Take note of the 4hr euro and cable charts i posted last weekend. I mentioned once price has been closing above/below 4hr 10ema for a period - then we get a break of the 10ema and close below/above - you can expect a retrace to the 10ema. (This instance aussie active candle retraced and closed - confirmed on LTF)

Summary - 4hr 10ema break and retrace = 15min 200ema break and retrace

The trade 15min: price respects key level (200ema) - small bounce - breaks through - retrace to key level and continues in direction of break.
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  • #14,952
  • Nov 20, 2012 11:14am Nov 20, 2012 11:14am
Quoting orko_555
Hey Brother!!!

You've reached your RN!!!!

Roman
hehe yeah didnt even notice that
wonder when will i reach my BRN
X-man the legendary conqueror of markets
  • #14,953
  • Nov 20, 2012 11:18am Nov 20, 2012 11:18am
Quoting xremmy
The fastest way to learn is to BACKTEST.

After every-day's trading, try and backtest the pairs you will be trading and see the setups happen. This process helps your brain remember and trust the setups when they happen during Live Trades. And it also allows you not to chase trades , cos you know that your setups will happen.

Its a process of getting your eyes used to the setup without the pressure associated with getting it right, either with a demo account or a small live account. To me, its the fastest way to cut short the learning curve.

An...
hey there buddy
These are some wise words here.
Backtesting is important as well as making a journal just like gibril.
then we will learn not to make the same mistakes over and over.
when we keep a journal then we reduce our mistakes then there will come a time when your mistakes will me minimum and profit with be at the max.
X-man the legendary conqueror of markets
  • #14,954
  • Nov 20, 2012 11:19am Nov 20, 2012 11:19am
Quoting sashadeol
Welcome back brother, we missed you ....
If so many guys miss me then how can i evem think about leaving this thread.
you guys make me so soft .
X-man the legendary conqueror of markets
  • #14,955
  • Nov 20, 2012 11:20am Nov 20, 2012 11:20am
Quoting Ciara
Watch GJ and EJ for similar things in the making.
GJ ADR CT in the making (if they push it a bit higher). For better entry, look to the left too (daily).


Ciara
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Ideas shape the course of history
  • #14,956
  • Nov 20, 2012 11:22am Nov 20, 2012 11:22am
Quoting xremmy
The one i have is only for a single timeframe. I don't know if anyone in house has any software that can do that.

But not to worry, the ema's on the template - 50, 200 and 800 are all representations of the 10 ema on HTF. So a reaction to them on the 15m chart gives you an idea of what is happening there.
Im also looking for a simulator that can backtest multiple TFs at once .
The one im using now also only does 1TF at a time. (LFH trading simulator)
X-man the legendary conqueror of markets
  • #14,957
  • Nov 20, 2012 11:36am Nov 20, 2012 11:36am
Hello Loveevery1,

This is my first post on FF. I have been lurking to different threads in the past 2 years and read some trading systems for a while. I am a newbee but I have tried learning through trading both demo and micro account. I followed a couple of trading systems but my problem is once I get profitable, I lose in a short time. Maybe a money management issue.

I followed x-man for a few months and I was profitable but suddenly lost every penny in 3 weeks. I ran into this wonderful thread because of x-man. So I feel much in debt to him. I enjoyed his simple trading system a lot so I felt the simplisity of Loveevery1 system.
I have been reading for a while and trying to apply the rules. I do not like demo accounts cuz the psychology of trading live is totally different.
I try to learn through backte sting and mostly through live but very small trade size.

I decidced to join and participate as I have enjoyed the family environment of this thread and the mantras given every now and then by LE1, gibril and others.

I guess I will be able to improve faster if I share and get some feedback from seniors. I have already read 100 pages a few times to get hold of the method.

I am glad to be here as the thread is reaching its round number.

Thank You LoveEvery1 for all the knowledge and Love you share.
  • #14,958
  • Nov 20, 2012 11:46am Nov 20, 2012 11:46am
Quoting X-Man
Im also looking for a simulator that can backtest multiple TFs at once .
The one im using now also only does 1TF at a time. (LFH trading simulator)
Inserted Video

  • #14,959
  • Nov 20, 2012 11:46am Nov 20, 2012 11:46am
Ok everyone I ve already waited too long
so
I ll try to post my chart right away.
All feedbacks will be appreciated.
What's wrong with my trading?

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  • #14,960
  • Nov 20, 2012 12:02pm Nov 20, 2012 12:02pm
Quoting cmeldatrader
http://www.youtube.com/watch?v=ztxuzcVhJGk

Good video. Your EA made some wrong moves lol. How can we get this back tester.
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