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Another simple system - Time-Frame 15

  • #221
  • Mar 13, 2012 7:46am Mar 13, 2012 7:46am
Quoting loveevery1
Hi stev...welcome to thread.it feels really great when experienced traders like you visit the trade.well said. im sure you took no more than 2-3 minutes to observe whatever you have said on your post..obviously this comes only with experience and dyin to learn these noble qualities from traders like..please keep visiting the thread and provide us a helping hang...

Thank you so much for dropping by
I concur: thanks for your input Steve. It's great to read the wisdom of the voice of reason.
By the way, I didn't catch the initial trade because of my nervousness regarding the 200. However, I took it as a sell signal on the E/U at 10:00GMT at 1.3140, as everything was pointing to a sell. Was this correct?
  • #222
  • Mar 13, 2012 7:58am Mar 13, 2012 7:58am
look at that trade folks....it wud have netted +86 pips now...im sure ther is someone in our group who is holding...plz dont forget to post the charts..ppl

coz sharing is caring...
Let all the living things live blissfully
  • #223
  • Mar 13, 2012 8:03am Mar 13, 2012 8:03am
Quoting Themartycat
I concur: thanks for your input Steve. It's great to read the wisdom of the voice of reason.
By the way, I didn't catch the initial trade because of my nervousness regarding the 200. However, I took it as a sell signal on the E/U at 10:00GMT at 1.3140, as everything was pointing to a sell. Was this correct?
Themartycat.....That was by the book trade..mate...you nailed it right there..how many pips did u make...?
Let all the living things live blissfully
  • #224
  • Mar 13, 2012 8:11am Mar 13, 2012 8:11am
Hi Loveevery1

Great system you have here. I'm new to forex but even i can understand your system. Been backtesting the system over the weekend to get a feel for it. Must be doing something right cos I was closed up +20 pips last night and made another 44 pips so far today

Big thanx to Loveevery1!!
  • #225
  • Mar 13, 2012 8:16am Mar 13, 2012 8:16am
Hi guys,

Got into this one and made some good pips. Could have made more but once saw 30 plus pips decided to book profit.

DD
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 13mar trade.gif Size: 33 KB
  • #226
  • Mar 13, 2012 8:23am Mar 13, 2012 8:23am
Re Entry Candle at 131.47 and Re Entry at 131.29, if I got it right. Thats what I like about this Method if you get a Pullback and then get Conf on TDI you dont have to miss the trade and more importantly your not chasing it. In fact if you were really cheeky there was one at 130.93.Is that right loveevery1?
  • #227
  • Mar 13, 2012 8:35am Mar 13, 2012 8:35am
Quoting safsyed
Hi Loveevery1

Great system you have here. I'm new to forex but even i can understand your system. Been backtesting the system over the weekend to get a feel for it. Must be doing something right cos I was closed up +20 pips last night and made another 44 pips so far today

Big thanx to Loveevery1!!
welcome to the thread mate...im happy its working for you..after you learn dont forget to contribute..lol
Let all the living things live blissfully
  • #228
  • Mar 13, 2012 8:37am Mar 13, 2012 8:37am
Quoting Dildubai
Hi guys,

Got into this one and made some good pips. Could have made more but once saw 30 plus pips decided to book profit.

DD

good pipping mate...
Let all the living things live blissfully
  • #229
  • Mar 13, 2012 8:40am Mar 13, 2012 8:40am
Quoting loveevery1
You are right mate...they should not get carried away with it and i will not be posting any trades that are still running like today.coz i remember my good old days when i used to jump right after seeing an experienced trader posting his chart sayin " IM IN AND UP SO MUCH..THE NEWBIES WILL JUST JUMP in EVEN WITHOUT THINKING.."

you knw what i mean mate..

Yip, that is why I am typing with my elbows. ( got burned so many times when I was a newbie)

  • #230
  • Mar 13, 2012 8:42am Mar 13, 2012 8:42am
Quoting loveevery1
Themartycat.....That was by the book trade..mate...you nailed it right there..how many pips did u make...?
Phew! And there was me thinking I was dreaming

Actually, I'm still hanging in there until the close of the 12:30GMT candle. I think we're looking at about 70pips! Not bad for my first trade

I can't thank you experienced guys enough for introducing such systems to us "newbies." I've read various threads here, and they add this and that, until you don't know where you are any longer. What I love about this system is that it's simplicity mixed with common sense

It's also the warmest, politest thread...Happy pipping to one and all...
  • #231
  • Mar 13, 2012 8:44am Mar 13, 2012 8:44am
Quoting Steve 56
Re Entry Candle at 131.47 and Re Entry at 131.29, if I got it right. Thats what I like about this Method if you get a Pullback and then get Conf on TDI you dont have to miss the trade and more importantly your not chasing it. In fact if you were really cheeky there was one at 130.93.Is that right loveevery1?
You got this setup in day mate...re entry is one of the key features of this strategy.1.3093 was on dot..mate..but we just have to careful with this coz its at the 32 level..we can go for it only if the momemtem allows...in this case it was solid entry since there was a inverted hammer on the 4hr...so the higher timeframe is yelling SELL ME....it was indeed a good entry.
Attached Image (click to enlarge)
Click to Enlarge Name: set.gif Size: 14 KB
Let all the living things live blissfully
  • #232
  • Mar 13, 2012 8:46am Mar 13, 2012 8:46am
Quoting matlobien
Yip, that is why I am typing with my elbows. ( got burned so many times when I was a newbie)

hahahhaha
Let all the living things live blissfully
  • #233
  • Mar 13, 2012 8:51am Mar 13, 2012 8:51am
watch out for the ADR guys...its around 140 pips now...just reminding..
Let all the living things live blissfully
  • #234
  • Mar 13, 2012 9:01am Mar 13, 2012 9:01am
I just opened my chart and saw that if I had held on, I could have made 100 pips.

Do not get distracted by that.

This system is a scalping system.

If you only take your 20 - 30 pips per treade at 80 % hit rate , you are set for life.

One thing I also learened from one of my mentors is that he could sit for 3 days or more without trading. Wait for the right setup.

Patience.

  • #235
  • Mar 13, 2012 9:04am Mar 13, 2012 9:04am
Quoting loveevery1
OMG..just came back and saw it hit my sl of -7 pips...lol i should have monitored the trade...but never expected that sudden spike....though,,,anyway
i have seen these days and im used to it..i need this loss and it shud happen once in a while so it keeps my pride(arrogance,pride,attitude) in place..

so im happy...this is the only way to convince myself guys..LOL
If you have a iphone or android you could download a free app called teamviewer. It lets you connect remotely to your computer at home that way you can always monitor your computer and trades. Thats what i'm learning to do at the moment
  • #236
  • Mar 13, 2012 9:09am Mar 13, 2012 9:09am
Quoting matlobien
I just opened my chart and saw that if I had held on, I could have made 100 pips.

Do not get distracted by that.

This system is a scalping system.

If you only take your 20 - 30 pips per treade at 80 % hit rate , you are set for life.

One thing I also learened from one of my mentors is that he could sit for 3 days or more without trading. Wait for the right setup.

Patience.

Well said matlobien!! Patience is a virtue.

If only you'd told me that last week before I blew half my account
  • #237
  • Mar 13, 2012 9:18am Mar 13, 2012 9:18am
This is for GU...it was good for +27 pips...i hope someone caught it..

if you have any questions...plz feel free to ask...
Let all the living things live blissfully
  • #238
  • Mar 13, 2012 9:25am Mar 13, 2012 9:25am
Quoting loveevery1
hi...i know what you mean mate...i have not used any indicators but if i get one it wud be really nice....if u find plz lemme knw..lol
i am still searching, will let everyone know if i find one. ..vince
  • #239
  • Mar 13, 2012 9:25am Mar 13, 2012 9:25am
i will post the same chart with explanation.see the number of times the price has bounced off the RN.and it finally closed below the RN with the good rejection on from 200ema.and it was a cross of the TDI aswell.

so this was a by the book trade..i hope someone took it..

guys can you tell me any software to write or draw on the chart itself..i hate using the default mt4 tool.
Attached Image (click to enlarge)
Click to Enlarge Name: set.gif Size: 15 KB
Let all the living things live blissfully
  • #240
  • Mar 13, 2012 10:02am Mar 13, 2012 10:02am
Hi loveevery1,

Today I took 74 pips in EUR USD short trade in 4 tf. Love this strategy - super simple. Thanks a lot loveevery1.
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