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Another simple system - Time-Frame 15

  • #541
  • Apr 2, 2012 4:05am Apr 2, 2012 4:05am
Quoting shiva poudel
lovee...cant we take the trade before 4 candles from your entry candle and tht would be the text book trade.
we sure can mate..its before the london open.i prefer after the open.today i wasnt here on my computer. most of the time EU and LO will go oppsite direction atleast in the beginning.go back few charts and chek it..

Just practice your eyes...it will take sometime for the setup to form now.just dont waste ur time now just backtest backtest backtest and backtest....

while you do it...if the setup forms..just put a Mental entry and SL and Tp..and practice

sorry mate...dint realise you were referring to GU...on the GU chart..you cant take that coz there is not cross nor a signal at that time.it was london opening
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  • #542
  • Apr 2, 2012 4:14am Apr 2, 2012 4:14am
Quoting loveevery1
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...
I get your point
Well since i am a newbie with that system i was waiting for that cross a bit over(under) the 50 line. And since the cross hapened on 65 or something i just simply passed it.
Twitter @raitchev
  • #543
  • Apr 2, 2012 4:18am Apr 2, 2012 4:18am
thanks lovee...I follow ur suggestion from now.god bless
  • #544
  • Apr 2, 2012 4:48am Apr 2, 2012 4:48am
  •  Cun
  • | Joined Sep 2011 | Status: Trader | 81 Posts | Online Now
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.
I was too late for this EUR/USD trade and took the EUR/AUD one instead and just closed at +17 also.
  • #545
  • Apr 2, 2012 5:20am Apr 2, 2012 5:20am
I just went long on e/u @ 1.3357
Twitter @raitchev
  • #546
  • Apr 2, 2012 5:22am Apr 2, 2012 5:22am
Attached Image (click to enlarge)
Click to Enlarge Name: bss2.gif Size: 41 KB


heres why.

Loveevery1 can yo please give me your opinion about this trade? I put my SL @ 1.3340 and ill aim for some 20 pips maybe.
Twitter @raitchev
  • #547
  • Apr 2, 2012 5:40am Apr 2, 2012 5:40am
Quoting loveevery1
I feel GU is entering into a very heavy resistance zone..lets watch.
Another reminder guys...may be Thats why its falling...
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  • #548
  • Apr 2, 2012 5:44am Apr 2, 2012 5:44am
Quoting raitchev
Attachment

heres why.

Loveevery1 can yo please give me your opinion about this trade? I put my SL @ 1.3340 and ill aim for some 20 pips maybe.

mate refer to the previous post....i feel its bouncing off a heavy resistance level...and the retracement was over 75% watch out for these things buddy,,,,
Let all the living things live blissfully
  • #549
  • Apr 2, 2012 5:45am Apr 2, 2012 5:45am
Quoting Cun
I was too late for this EUR/USD trade and took the EUR/AUD one instead and just closed at +17 also.

even i was little late...i missed another 5 pips..should have entered earlier...good luck next time
Let all the living things live blissfully
  • #550
  • Apr 2, 2012 5:56am Apr 2, 2012 5:56am
yep.. sl got hit.
Twitter @raitchev
  • #551
  • Apr 2, 2012 6:29am Apr 2, 2012 6:29am
Hi guys,

I know this has probably already been covered, but I've been overseas for a few days and not had time to look:

What's the maximum number of candles after a TDI cross that we can enter a valid trade. I'm guessing no more than 3?

For you guys trading pairs like GBP/JPY, etc. with the wider spreads- how are you finding this system works?
  • #552
  • Apr 2, 2012 7:14am Apr 2, 2012 7:14am
Am new to this system, and asking if I did execute this correctly ? If it's not please give me some insight for proper corrective action.

Note : Shorted EJ @ 110.321, time 10:35

Thank U
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 31 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #553
  • Apr 2, 2012 7:23am Apr 2, 2012 7:23am
MY AU trade,,,,by the book trade,,,15 pips...and another 10 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: set1.gif Size: 13 KB
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  • #554
  • Apr 2, 2012 7:25am Apr 2, 2012 7:25am
MY Eu trade...counter trend entry..,,,i was trusting the heavy resistance too porift near the 200ema, my EA did actually...its effective..
Attached Image (click to enlarge)
Click to Enlarge Name: set1.gif Size: 12 KB
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  • #555
  • Apr 2, 2012 7:28am Apr 2, 2012 7:28am
So total 17 in london
15 after london in EU

and 15 in AU.

17+15+15=47 pips total.

hooooeY I DONT TRADE LIKE THIS...dont know if i knw forex,,,or this system is very powerfull....its just happening
Let all the living things live blissfully
  • #556
  • Apr 2, 2012 7:34am Apr 2, 2012 7:34am
Quoting raitchev
yep.. sl got hit.
always see the S@R mate...
Let all the living things live blissfully
  • #557
  • Apr 2, 2012 7:35am Apr 2, 2012 7:35am
Quoting Pat Chiko
Am new to this system, and asking if I did execute this correctly ? If it's not please give me some insight for proper corrective action.

Note : Shorted EJ @ 110.321, time 10:35

Thank U
YOu nailed it right there my friend...this was my trade...
Let all the living things live blissfully
  • #558
  • Apr 2, 2012 7:37am Apr 2, 2012 7:37am
Quoting Themartycat
Hi guys,

I know this has probably already been covered, but I've been overseas for a few days and not had time to look:

What's the maximum number of candles after a TDI cross that we can enter a valid trade. I'm guessing no more than 3?

For you guys trading pairs like GBP/JPY, etc. with the wider spreads- how are you finding this system works?

I havent touched GJ till date...mate. you can enter 1 or 2 or maximum of three.after that it will be too late.again watch the size of the candle.
Let all the living things live blissfully
  • #559
  • Apr 2, 2012 7:39am Apr 2, 2012 7:39am
Quoting Pat Chiko
Am new to this system, and asking if I did execute this correctly ? If it's not please give me some insight for proper corrective action.

Note : Shorted EJ @ 110.321, time 10:35

Thank U
Hi Chico,

Which TF are you using for this trade? It doesn't look like T15...
  • #560
  • Apr 2, 2012 7:42am Apr 2, 2012 7:42am
Quoting loveevery1
I havent touched GJ till date...mate. you can enter 1 or 2 or maximum of three.after that it will be too late.again watch the size of the candle.
Thanks LoveE,

I have an 8pt spread on my G/J, which is a killer!

Regarding the number of candles: if the momentum still appears to be developing, could we even enter on the 4th? Or is that like playing with fire, and it's better to hold your fire?
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