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Another simple system - Time-Frame 15

  • #41
  • Mar 5, 2012 5:28am Mar 5, 2012 5:28am
Quoting loveevery1
here is a fail trade..it still went up by 7 pips..but i will consider this as a fail trade.

The yellow line angle is flat.
  • #42
  • Mar 5, 2012 5:49am Mar 5, 2012 5:49am
Quoting Shanexx
The yellow line angle is flat.

you are right...i was waiting for someone to tel me that.at times there will be a fake break like that.and sometimes there cud be a blow in the same direction.whatever it is.its good to avoid these trades...

coz we dont wana risk our hard earned money.

folks i have discussed just one setup here.there are two more lovely setups which i will discuss later..which are easier than this one.but this setup is the basic.practice practice and practice
Let all the living things live blissfully
  • #43
  • Mar 5, 2012 9:15am Mar 5, 2012 9:15am
Hi loovery,
notice that tdi green cross yellow rarely.Below the two trade that I took.
The first one i think is as per rules except that the price is below 200 ().
Price go for 15 pip but i'm not feeling so closed at 5+.
The second one is based on green cross red(and and all it's above yellow and 50. Exit when green reached about 68 level in TDI at +25 pip. But the price is is below 200 ().
Also on the cable today there is a good buy setup i think. but only 1 trade at time.
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  • #44
  • Mar 5, 2012 10:10am Mar 5, 2012 10:10am
Quoting naked_v
Hi loovery,
notice that tdi green cross yellow rarely.Below the two trade that I took.
The first one i think is as per rules except that the price is below 200 ().
Price go for 15 pip but i'm not feeling so closed at 5+.
The second one is based on green cross red(and and all it's above yellow and 50. Exit when green reached about 68 level in TDI at +25 pip. But the price is is below 200 ().
Also on the cable today there is a good buy setup i think. but only 1 trade at time.
hello naked_v

the trades you took is the way that is described in the dean malones manual.but in this strategy we take trades long trades when the price is above the 200ema.i was doing the same thing before when i started this method.but found too many fakeys. so wanted to trade with the hingher timeframe trend.with this method you will get less fakes.
continue doing what ur good at..you will be on top.good luck..

by the way these are proper buy setups. only thing was it was below the 200ema.try and adapt the system to ur needs..best of luck god bless
Let all the living things live blissfully
  • #45
  • Mar 5, 2012 10:20am Mar 5, 2012 10:20am
just came back from evening walk.did not take any trades today and im tired of working all these years...lol lol.

folks do somethingelse besides trading.it will help you take correct decisions.
take only 5min to wait for the setup at the market open ..do not waste ur time sitting in front of the computer.all day.if u miss a setup its ok.... even thats discipline.

you will fail in forex if you have these qualities

1)Jealous
2)Hatred
3)Fear
4)if u dont care for others
5)cunning
6)doubting unnecessarily
7)anger
8)vengence
9)pride
10)i know everything attitude.


friedns watch out for these qualities in your real life aswell.it will help you be a good person.help others as much as you can.even if some1 is not good to you.try to be good to them.LOVE is the only key to open the doors of HEAVEN...remember

now good night
Let all the living things live blissfully
  • #46
  • Mar 6, 2012 4:29am Mar 6, 2012 4:29am
for me at euro a textbook entry at 08:00 london time, but I entry at the end of the candle at 8:15 and now I'm out and bank 20 pips.

thanks loveevery1, for share the sys!

my first trade this week, yesterday I not see good entry at my time.

now I will go and make a good time after good work.

wish you all green pips

cheers
  • #47
  • Mar 6, 2012 5:37am Mar 6, 2012 5:37am
price below 200ema

session london

i took a total of 34 pips on this one.hope someone took it.guys dont break your head with so many setups and confirmation..this is the simplest system i have been using.if it works for you start posting charts and it shall improve all the newbies.they will learn after learning teach others just dont take it away with you.give it back to the ppl..if u tradin just one pair like me you will not get trades quite often some days it will be against the rules.ignore those days

Dont keep watchig the charts always.what i do is i watch movies while trading..remember movie is more important than trading...movie needs constant watching of the screen but not charts....my way of trading upto u.

god bless every1
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Let all the living things live blissfully
  • #48
  • Mar 6, 2012 5:51am Mar 6, 2012 5:51am
"This is a price action system" - and I continue reading, highly interested, until...

"INDICATORS USED:

1)HEKINASHI
2)TDI
3)200 EMA ( 1HR 50EMA)
4)800 EMA ( 4HR 50 EMA)
5) 10EMA
6)Round number indicator
7)JF Trading Time Indicator"

What the... howerver, I apreciate your work, but this isnt a price action system if you use 7 different indicators.
Twitter @raitchev
  • #49
  • Mar 6, 2012 5:52am Mar 6, 2012 5:52am
Quoting punisher
for me at euro a textbook entry at 08:00 london time, but I entry at the end of the candle at 8:15 and now I'm out and bank 20 pips.

thanks loveevery1, for share the sys!

my first trade this week, yesterday I not see good entry at my time.

now I will go and make a good time after good work.

wish you all green pips

cheers

Hi there mate..

I'm happy its working for you.you have made 20 pips on the second day of learning it... your results are outstanding for someone who is new to this system..dont stop posting your charts.if you have the slightest doubt just put in the thread.i will answer when i get time.the hardest part is the patience in any system.i took 34 pips on a short trade.this comes with experience.

i have discussed only one setup..i have couple of other setups which are very easy to spot than this one.but they dont form everyday.will teach this those setups later after everyone learns this one.just hang tight to this simple one and you will be on your way to BEAT THIS BLOODY FOREX.
they occurs few times a month and when they happen you can buy with all the money you've got you will make your months earning in just one trade..thats how i trade and you may stick to your money management to be on the safer side.

GOD BLESS EVERYONE
Let all the living things live blissfully
  • #50
  • Mar 6, 2012 5:58am Mar 6, 2012 5:58am
Quoting raitchev
"This is a price action system" - and I continue reading, highly interested, until...

"INDICATORS USED:

1)HEKINASHI
2)TDI
3)200 EMA ( 1HR 50EMA)
4)800 EMA ( 4HR 50 EMA)
5) 10EMA
6)Round number indicator
7)JF Trading Time Indicator"

What the... howerver, I apreciate your work, but this isnt a price action system if you use 7 different indicators.

ACCORDING TO ME....indicators are nothing but the pure price they just tell me very clearly what the market has been doing lately and now.and this is what i think. you may call whatever you want mate...as long as the system works and every1's making money i dont have issues.

ppl here in forexfactory use different terms for each and everything.at last what matters is have they created someone who is successful with their system are not.if you wud like me to delete and if its misleading to call this as price action system. i will take that off my friend...pleas provid ur input guys.
Let all the living things live blissfully
  • #51
  • Mar 6, 2012 5:59am Mar 6, 2012 5:59am
Quoting loveevery1
ACCORDING TO ME....indicators are nothing but the pure price they just tell me very clearly what the market has been doing lately and now.and this is what i think. you may call whatever you want mate...as long as the system works and every1's making money i dont have issues.

ppl here in forexfactory use different terms for each and everything.at last what matters is have they created someone who is successful with their system are not.if you wud like me to delete and if its misleading to call this as price action system. i will take that off...
You are right I apologize. Good luck!
Twitter @raitchev
  • #52
  • Mar 6, 2012 6:51am Mar 6, 2012 6:51am
Quoting loveevery1
Hi there mate..

I'm happy its working for you.you have made 20 pips on the second day of learning it... your results are outstanding for someone who is new to this system..dont stop posting your charts.if you have the slightest doubt just put in the thread.i will answer when i get time.the hardest part is the patience in any system.i took 34 pips on a short trade.this comes with experience.

i have discussed only one setup..i have couple of other setups which are very easy to spot than this one.but they dont form everyday.will teach this those...
Hi,
Easy and simple system. It gave good signals for both Eur and Cable today. Looking forward to your other couple of setups.

Harry
  • #53
  • Mar 6, 2012 8:33am Mar 6, 2012 8:33am
thanks for your words and help

Quoting loveevery1
Hi there mate..

I'm happy its working for you.you have made 20 pips on the second day of learning it... your results are outstanding for someone who is new to this system..dont stop posting your charts.if you have the slightest doubt just put in the thread.i will answer when i get time.the hardest part is the patience in any system.i took 34 pips on a short trade.this comes with experience.

i have discussed only one setup..i have couple of other setups which are very easy to spot than this one.but...
  • #54
  • Mar 6, 2012 10:27am Mar 6, 2012 10:27am
Quoting Harry123
Hi,
Easy and simple system. It gave good signals for both Eur and Cable today. Looking forward to your other couple of setups.

Harry
mate..welcome to the thread

i will not be discussing the other 2 setups till everyone makes money with this setup. i dont want the newbies to confuse themselves with these setups..this setup alone shud make u rich in no time..just keep practicing.when the time comes i will definately discuss the system.PATIENCE PAYS
Let all the living things live blissfully
  • #55
  • Mar 6, 2012 10:29am Mar 6, 2012 10:29am
Quoting punisher
thanks for your words and help

YOU ARE WELCOME PUNISHER..keep pipping like this ..watch out for ranging days.thats when most of the system fail.just 2 loser close the computer and go jogging or something.this is what i do and it works grt

have fun
Let all the living things live blissfully
  • #56
  • Mar 6, 2012 11:43am Mar 6, 2012 11:43am
Quoting loveevery1
price below 200ema

session london

i took a total of 34 pips on this one.hope someone took it.guys dont break your head with so many setups and confirmation..this is the simplest system i have been using.if it works for you start posting charts and it shall improve all the newbies.they will learn after learning teach others just dont take it away with you.give it back to the ppl..if u tradin just one pair like me you will not get trades quite often some days it will be against the rules.ignore those days

Dont keep watchig the charts always.what...

Great trade, nice pippin.
Is there a reason why you didn't take signal from the 8:15 candle, seems to have met all the entry criteria.Keep up the good work.
  • #57
  • Mar 6, 2012 12:05pm Mar 6, 2012 12:05pm
Quoting pickinpips
Great trade, nice pippin.
Is there a reason why you didn't take signal from the 8:15 candle, seems to have met all the entry criteria.Keep up the good work.
hi pickinpips

welcome to this thread. thre is a reason why i dint take that trade coz the cross of the green over the red occured before the london open.and i prefer crossing after london open which is very realiable.sometimes when london market opens the price tend to go opposite to the EU market.got burnt lot of times on this..go back few days and you will knw what im talking about.

It was sigal at the EU open..i take only if the momentum is good.unfortunately i was not at the computer when the EU opend today.

hope i have cleared ur doubt..if you stil dont understand ask me again

god bless
Let all the living things live blissfully
  • #58
  • Mar 6, 2012 12:27pm Mar 6, 2012 12:27pm
Quoting loveevery1
hi pickinpips

Thankswelcome to this thread. thre is a reason why i dint take that trade coz the cross of the green over the red occured before the london open.and i prefer crossing after london open which is very realiable.sometimes when london market opens the price tend to go opposite to the EU market.got burnt lot of times on this..go back few days and you will knw what im talking about.

It was sigal at the EU open..i take only if the momentum is good.unfortunately i was not at the computer when the EU opend today.

hope i have cleared ur...
Thanks for quick reply and great explanation,so in general wait for cross to occur after London open before taking signal.
I took signal from EU cross but bailed out at next crossing of green and red for breakeven.Think this is the proper exit rule.
I should have taken the follow up cross for reentry.Ah well still learning.
A lot of stuff on Dean Malone site.Thanks for link.
  • #59
  • Mar 6, 2012 12:43pm Mar 6, 2012 12:43pm
Hi Loveevery1,

I like your life's philosophy and the trading system. It looks like it is a very clear, simple and profitable system. I am subscribed.

Thanks and Godbless your efforts abundantly.

Roy
  • #60
  • Mar 6, 2012 4:32pm Mar 6, 2012 4:32pm
Is this a correct entry from the 28th Feb on London open Loveevery1 or was there something else that i could of done to avoid a trade like this in the future, yours and anyones comments are welcome.
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