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Another simple system - Time-Frame 15

  • #521
  • Apr 2, 2012 2:39am Apr 2, 2012 2:39am
Quoting loveevery1
sl at 12 pips

I request plz dont take any trade based on my analysis...i might be wrong..remember its your hard earned money.
Let all the living things live blissfully
  • #522
  • Apr 2, 2012 2:40am Apr 2, 2012 2:40am
look at that now...hooray...shud i close now...thinking...
Let all the living things live blissfully
  • #523
  • Apr 2, 2012 2:41am Apr 2, 2012 2:41am
bounce trade if im right... lovely system btw.....! demoing it nailed +25 pips in the frankfurt open.....
  • #524
  • Apr 2, 2012 2:41am Apr 2, 2012 2:41am
up 18 pips....its a previous ppa.... BE Now
Let all the living things live blissfully
  • #525
  • Apr 2, 2012 2:43am Apr 2, 2012 2:43am
Quoting Psycic
bounce trade if im right... lovely system btw.....! demoing it nailed +25 pips in the frankfurt open.....
that awesome psycic ....it was indeed a bounce trade...it cud turn below...it was a strong level before...i dont care i have nothing to lose on this trade anyway
Let all the living things live blissfully
  • #526
  • Apr 2, 2012 2:45am Apr 2, 2012 2:45am
my lil bit of experience says u shud close the trade and bank the profit..
  • #527
  • Apr 2, 2012 2:58am Apr 2, 2012 2:58am
@loveevery1
Couple of weeks ago i was bitchin about your method... because of the indicators... oh well here i am now waiting for that set up to happen. Because i backtested your method and it seems really profitable.

Consider one more live trader using your strategy
Twitter @raitchev
  • #528
  • Apr 2, 2012 3:16am Apr 2, 2012 3:16am
ok...folks...just a quick update to the trade that i took. thank heavens i moved to the bottom of the entry candle..that was below the RN aswell. i let the trade run,...now its hit the target +17 pips...the price retraced very quickly after touching the PPA...was happy with little profit.
Attached Image (click to enlarge)
Click to Enlarge Name: set1.gif Size: 16 KB
Let all the living things live blissfully
  • #529
  • Apr 2, 2012 3:19am Apr 2, 2012 3:19am
Quoting loveevery1
ok...folks...just a quick update to the trade that i took. thank heavens i moved to the bottom of the entry candle..that was below the RN aswell. i let the trade run,...now its hit the target +17 pips...the price retraced very quickly after touching the PPA...was happy with little profit.

Took same trade for 21.

  • #530
  • Apr 2, 2012 3:21am Apr 2, 2012 3:21am
Quoting raitchev
@loveevery1
Couple of weeks ago i was bitchin about your method... because of the indicators... oh well here i am now waiting for that set up to happen. Because i backtested your method and it seems really profitable.

Consider one more live trader using your strategy
Welcome back my friend...we still use just one physical indicator (TDI) and our mind uses millions of indicators even without our consent every minute lol....its ok my friend contribute to the thread if you can.your presence is much appreciated.god bless every1
Let all the living things live blissfully
  • #531
  • Apr 2, 2012 3:22am Apr 2, 2012 3:22am
Quoting matlobien
Took same trade for 21.

you rock matty
Let all the living things live blissfully
  • #532
  • Apr 2, 2012 3:33am Apr 2, 2012 3:33am
So is that the other type of set-up that you was talking about? Bounce trade?
Twitter @raitchev
  • #533
  • Apr 2, 2012 3:34am Apr 2, 2012 3:34am
anybody this one...?
Attached Image (click to enlarge)
Click to Enlarge Name: set1.gif Size: 14 KB
Let all the living things live blissfully
  • #534
  • Apr 2, 2012 3:39am Apr 2, 2012 3:39am
Quoting raitchev
So is that the other type of set-up that you was talking about? Bounce trade?

Nope its pure TDI bounce...we have discussed it few times...the other one is a cross trade.you shud be able to indetify the bounce trade...or it cud be dangerous.

Folks....all you have to do in order to be a millionaire is " TRAIN YOUR EYES FOR SETUP"

it cud be happening right in front of us and we wont see it coz...we havent seen it before.our mind will always search for something which we have already seen in the past.thats where we go wrong.so friends train your eyes for setup..thats when the backtesting comes into picture.
Let all the living things live blissfully
  • #535
  • Apr 2, 2012 3:44am Apr 2, 2012 3:44am
Thanku for the information about the momentum.I like to see the trade for long-green cross the yellow line and then red line and green and red line should pointing up and green line should be above of red line and viceversa..this cut the false trade while backtesting.Is tht good?
  • #536
  • Apr 2, 2012 3:47am Apr 2, 2012 3:47am
Quoting loveevery1
Nope its pure TDI bounce...we have discussed it few times...the other one is a cross trade.you shud be able to indetify the bounce trade...or it cud be dangerous.

Folks....all you have to do in order to be a millionaire is " TRAIN YOUR EYES FOR SETUP"

it cud be happening right in front of us and we wont see it coz...we havent seen it before.our mind will always search for something which we have already seen in the past.thats where we go wrong.so friends train your eyes for setup..thats when the backtesting comes into picture.
I see.
About that picture that you posted... i didnt took it because the cross was "late" cross and it was close to the 68 lvl...
Twitter @raitchev
  • #537
  • Apr 2, 2012 3:48am Apr 2, 2012 3:48am
Quoting shiva poudel
Thanku for the information about the momentum.I like to see the trade for long-green cross the yellow line and then red line and green and red line should pointing up and green line should be above of red line and viceversa..this cut the false trade while backtesting.Is tht good?
mate just wait for the cross of the green on red above the yellow line in agreement with 200ema..cheers

later you can start taking bounce trades...to learn patience just stick only to this setup..remember momemtum candles..
i willpost few charts about what i mean...
Let all the living things live blissfully
  • #538
  • Apr 2, 2012 3:55am Apr 2, 2012 3:55am
I feel GU is entering into a very heavy resistance zone..lets watch.
Let all the living things live blissfully
  • #539
  • Apr 2, 2012 3:59am Apr 2, 2012 3:59am
lovee...cant we take the trade before 4 candles from your entry candle and tht would be the text book trade.
Attached Image (click to enlarge)
Click to Enlarge Name: set1.gif Size: 14 KB
  • #540
  • Apr 2, 2012 4:00am Apr 2, 2012 4:00am
Quoting raitchev
I see.
About that picture that you posted... i didnt took it because the cross was "late" cross and it was close to the 68 lvl...

no mate..it wasnt close to the 68 level.remember every centimetre counts here..i have seen trades running 50 pips even after 68 level.

this was london market open..where lot of banks from all over the world will put their fresh money at this time.most of the time it will blow in one direction..it rarely ranges during LONDON open.its upto us to judge if the banks are gona buy are sell...so we indentify them with TDI and other indicators.

MOMemtun is the key...
Let all the living things live blissfully
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