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Another simple system - Time-Frame 15

  • #16,241
  • Dec 1, 2012 8:24am Dec 1, 2012 8:24am
Quoting Davidbeckham
Hi Vnfx, can you contribrute your template please?
Hi Davidbeckham,
Please find the attached zip file of my customized template and some necessary indicators which I use currently.
Note that I don't use TDI and HA candles any more coz I try to pratice my eyes with price action.
Please let me know if need some help.
Cheers.
Attached File(s)
File Type: rar Arjun basic template.rar   72 KB | 715 downloads
Accept as it is being!
  • #16,242
  • Dec 1, 2012 8:25am Dec 1, 2012 8:25am
Quoting emmanuel7788
On every trading platform you can use the available Fibonacci tool to draw the Weekly and Daily fibo retracement and extension levels. These levels can be used to look for CONFLUENCE with other price levels like and look for PA decisions. I mentioned before that to watch out for PA when market fails near fibo 127% and 138%, and reverses back into the previous D range. Also price puillback to fib 38% and 50% for better price entry, etc.
I do not think of where price may go to next. CS patterns recognition and consistent use of S&R is all part of...
Cool!...thanks for explaining this!
  • #16,243
  • Dec 1, 2012 8:42am Dec 1, 2012 8:42am
Quoting fxtrade13
Hello Emmanuel,

I don't use this ADR technique, or indicator, but if the lines are moving it's because the code is including the current day's range in the calculation. Therefore the lines will move as the day progresses. The lines will move notably when the current day's ADR is higher than the previous day.
Quoting long_bow
Hi, emmanuel. I think ADR high/low lines will move as price making new high/low in the day before ADR reaches its value. Once the daily price's range exceed ADR, it will not move again and settle down.

I don't know if I have explained it clearly. Or maybe I'm wrong about it.

BTW, I'll post the exercise you leaved when I finish the charts. Thank you a lot.
Thanks fxtrade and long_bow for your help here.

I will need to study more this in realtime over the next few weeks.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,244
  • Dec 1, 2012 8:53am Dec 1, 2012 8:53am
Quoting Ramjet

Cheers,
Adrian
Thank you very much Mr.Adrian
you deserve to get +10v
DB#23
  • #16,245
  • Dec 1, 2012 8:54am Dec 1, 2012 8:54am
Quoting Ramjet
Hey Emmanuel...

BIG thanks for this

Do you think you could go a bit more in depth of breaking every thing down on this subject on what to do in order of organizing things methodically as to tell you the truth I'm all over the place with this part of trading??..

Cheers,
Adrian
Hi,

You mean to change the Equity curve from A to B?
Attached Image (click to enlarge)
Click to Enlarge Name: EQ A to B.png Size: 155 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,246
  • Dec 1, 2012 8:56am Dec 1, 2012 8:56am
Quoting emmanuel7788
Hi Vnfx
Thank you for sharing your trade performance.
Congrats for completing 100 trades.
It is good you have done your own evaluation and has some action plan thought out.
I made a few remarks on your equity curve and you need to think of how to respond to that.
[color=black][font=Verdana]There are some loss trades done in the period...
Thanks very much Emmanuel7788 for your precious time and comprehensive advice.
In fact, I'm so lucky to have some big winning trades at the beginning which I trailed SL to get a very high R:R. But after that, I've struggled with 80% of bad trades (early timing, CT trades, chasing, overtrades, etc.).
Based on your advisory analysis I know there still be a long long way to go. I commit myself must focus and stick to Arjun's basic setup and at the same time to improve my psychology and MM to survive in the next few months before learning advanced setups in this thread.
Thanks again for your help.
Accept as it is being!
  • #16,247
  • Dec 1, 2012 8:59am Dec 1, 2012 8:59am
Quoting Vnfx
Hi Davidbeckham,
Please find the attached zip file of my customized template and some necessary indicators which I use currently.
Note that I don't use TDI and HA candles any more coz I try to pratice my eyes with price action.
Please let me know if need some help.
Cheers.
Thanks for the share Vnfx
DB#23
  • #16,248
  • Dec 1, 2012 9:04am Dec 1, 2012 9:04am
Quoting emmanuel7788
Hi,

You mean to change the Equity curve from A to B?
Oh wooow!!...is that your equity curve?...well cool!!

But actually what I meant is breaking it all down like you explained in your post..some thing like keeping a journal say and what we should be putting in there to improve our learning from winning/losing trades etc..breaking down of monthly statistics and psychological stuff that should be followed and written down....dunno how to explain it..maybe it is to many things to go into to explain.. lol

Cheers,
Adrian
  • #16,249
  • Dec 1, 2012 9:05am Dec 1, 2012 9:05am
Quoting emmanuel7788
Hi,

You mean to change the Equity curve from A to B?
B is what I'm dreaming about.
Accept as it is being!
  • #16,250
  • Dec 1, 2012 9:08am Dec 1, 2012 9:08am
Quoting Vnfx
Thanks very much Emmanuel7788 for your precious time and comprehensive advice.
In fact, I'm so lucky to have some big winning trades at the beginning which I trailed SL to get a very high R:R. But after that, I've struggled with 80% of bad trades (early timing, CT trades, chasing, overtrades, etc.).
Based on your advisory analysis I know there still be a long long way to go. I commit myself must focus and stick to Arjun's basic setup and at the same time to improve my psychology and MM to survive in the next few months before learning advanced setups...
Hi Vnfx,
Obviously you identified some of your 'problem' areas.
Think of the R-Multiple method which I posted before.
Add to winning trades, this would help grow your money with booked in profits.
This simple M15 method is proven. You need to work on the MM part.
You need to find the EDGE for your own trading.
So long you can maintain above 55% win rate, that is key to grow capital.
Your Maximum Consective Wins must increase to above 2 times the Consecutive Loss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,251
  • Dec 1, 2012 9:13am Dec 1, 2012 9:13am
Quoting Ramjet
Oh wooow!!...is that your equity curve?...well cool!!

But actually what I meant is breaking it all down like you explained in your post..some thing like keeping a journal say and what we should be putting in there to improve our learning from winning/losing trades etc..breaking down of monthly statistics and psychological stuff that should be followed and written down....dunno how to explain it..maybe it is to many things to go into to explain.. lol

Cheers,
Adrian
Hi Adrian, I've just started keeping all my trading journals of November since I committed myself to this thread. It help me a lot so far. I hope you also have your own. I aslo intend to keep it in the FF for better commitment but I'm worry that it may not be allowed by Master Arjun.
Accept as it is being!
  • #16,252
  • Dec 1, 2012 9:14am Dec 1, 2012 9:14am
Quoting Vnfx
B is what I'm dreaming about.

You must wake up in order for that dream to stop...or else it become a nightmare.

It can be done. You have taken the first step to complete 100 trades with above 50% win rate. That itself is a very good sign.

Entry is not your problem.
Exits is the thing to work at now.
Exit is all about trade anagement.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,253
  • Dec 1, 2012 9:23am Dec 1, 2012 9:23am
Quoting Vnfx
Hi Adrian, I've just started keeping all my trading journals of November since I committed myself to this thread. It help me a lot so far. I hope you also have your own. I aslo intend to keep it in the FF for better commitment but I'm worry that it may not be allowed by Master Arjun.
Hey Vnfx..

I'm sure it has definetly helped you in some way as I have a Journal program on my PC I use but of late I've become a bit lazy in filling it out and at the time I was definetly seeing a marked improvement in my trading as I did a lot of back testing in Forex Tester and wrote up trades and charts plus added my thoughts a long the way..
Should be done by everyone I think to build your method and plan and build a good habit of keeping track of your business and finding areas that have to be worked on in your trading..
  • #16,254
  • Dec 1, 2012 9:24am Dec 1, 2012 9:24am
Quoting Ramjet
Oh wooow!!...is that your equity curve?...well cool!!

But actually what I meant is breaking it all down like you explained in your post..some thing like keeping a journal say and what we should be putting in there to improve our learning from winning/losing trades etc..breaking down of monthly statistics and psychological stuff that should be followed and written down....dunno how to explain it..maybe it is to many things to go into to explain.. lol

Cheers,
Adrian

B shows you that it can be achieved with this Method.

What is the EDGE to achieve that is not so easy to write in posts but I will keep trying from now onwards.

The R-Multiple concept is the part of this B game. Keep losses small and build up positions in the bigger moves.

Keeping a trade journal is a must to start with. Analyse every 20 trades , then 100 trades, then next 100 trades, ....

Stay tune.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,255
  • Dec 1, 2012 9:27am Dec 1, 2012 9:27am
Quoting emmanuel7788
Hi Vnfx,
Obviously you identified some of your 'problem' areas.
Think of the R-Multiple method which I posted before.
Add to winning trades, this would help grow your money with booked in profits.
This simple M15 method is proven. You need to work on the MM part.
You need to find the EDGE for your own trading.
So long you can maintain above 55% win rate, that is key to grow capital.
Your Maximum Consective Wins must increase to above 2 times the Consecutive Loss.
Hi Emmanuel, you are so right to mention MM & R-Multiple. I'm ok with SL strategy but I'm now still hesitating in choosing among TP strategies: a fixed reasonable TP (1:1) or a R-Multiple TP or a geting to BE ASAP then let it run? I guess it may depend on the market situation. However, at my current level, I fail to quick enough in analysing the PA.
Accept as it is being!
  • #16,256
  • Dec 1, 2012 9:32am Dec 1, 2012 9:32am
Quoting emmanuel7788
B shows you that it can be achieved with this Method.

What is the EDGE to achieve that is not so easy to write in posts but I will keep trying from now onwards.

The R-Multiple concept is the part of this B game. Keep losses small and build up positions in the bigger moves.

Keeping a trade journal is a must to start with. Analyse every 20 trades , then 100 trades, then next 100 trades, ....

Stay tune.
Great!..thanx for this Emmanuel!

It would be good if we could go a bit more into depth of this subject of keeping track of certain things and what we should be putting down and following in stone and what isn't as much relevance..but I think maybe it is a big area to cover in general..
I'm not sure as I would love some plan of attack to follow as a Daily/Weekly/Monthly routine to keep things in order for trading and managing things along the way to improve our trading..
  • #16,257
  • Dec 1, 2012 9:36am Dec 1, 2012 9:36am
Quoting Vnfx
Hi Emmanuel, you are so right to mention MM & R-Multiple. I'm ok with SL strategy but I'm now still hesitating in choosing among TP strategies: a fixed reasonable TP (1:1) or a R-Multiple TP or a geting to BE ASAP then let it run? I guess it may depend on the market situation. However, at my current level, I fail to quick enough in analysing the PA.

I would start analysing the 43.75% (42 trades) losing trades and find out the details of the entry and where they were exited.
If you can BE 10% of those 42 trades this will help a lot... for a start.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,258
  • Dec 1, 2012 9:37am Dec 1, 2012 9:37am
OK guys, Its near midnight, my bedtime now.

Goodnight.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,259
  • Dec 1, 2012 9:39am Dec 1, 2012 9:39am
Quoting emmanuel7788
OK guys, Its near midnight, my bedtime now.

Goodnight.
Gnite Emmanuel...BIG thanks again for all your help!
  • #16,260
  • Dec 1, 2012 9:44am Dec 1, 2012 9:44am
Quoting emmanuel7788
I would start analysing the 43.75% (42 trades) losing trades and find out the details of the entry and where they were exited.
If you can BE 10% of those 42 trades this will help a lot... for a start.
Oh, ye! Great! Emmanuel. I will start it right now.
Thanks very much for the tip.
Good night!
Accept as it is being!
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