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Another simple system - Time-Frame 15

  • #601
  • Apr 3, 2012 8:45am Apr 3, 2012 8:45am
Quoting loveevery1
33500 seems like a very good resistance level...the price is stuk from the 27 march in that area..even 3400 is a level to watch for


i wish it breaks the 33500...

indeed...it was very good resistance..
Let all the living things live blissfully
  • #602
  • Apr 3, 2012 8:51am Apr 3, 2012 8:51am
GTG ppl...take care and will see you morrow.no more trades anymore
Let all the living things live blissfully
  • #603
  • Apr 3, 2012 9:11am Apr 3, 2012 9:11am
Quoting loveevery1
GU setups...just these 3 setups should have give you enuf money for the entire month
LoveEvery1,

What happened to the rule on first page "we will look for trades AWAY from the 200 EMA"?

I understand the trade worked out not respecting the above condition but I think traders who just joined this thread might get confused especially since you did not provide further explanation on why you ignored that condition.
  • #604
  • Apr 3, 2012 9:33am Apr 3, 2012 9:33am
Am thinking to go for long in EU after crossing EMA 200,
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #605
  • Apr 3, 2012 9:49am Apr 3, 2012 9:49am
Out long EU.
Now wait for pull back to continue long/
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 31 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #606
  • Apr 3, 2012 9:52am Apr 3, 2012 9:52am
Reason for long
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 56 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #607
  • Apr 3, 2012 10:14am Apr 3, 2012 10:14am
GU: The 4th setup today? PA in its way towards the 800 EMA?
Attached Image (click to enlarge)
Click to Enlarge Name: wrw.gif Size: 17 KB
  • #608
  • Apr 3, 2012 1:14pm Apr 3, 2012 1:14pm
Quoting Cun
LoveEvery1,

What happened to the rule on first page "we will look for trades AWAY from the 200 EMA"?

I understand the trade worked out not respecting the above condition but I think traders who just joined this thread might get confused especially since you did not provide further explanation on why you ignored that condition.
sorry mate..i apologise i shudnt have posted it.dont know why i marked those.i really dont..i think i dint pay attention to the chart.i saw only the TDI..sory again buddy i have deleted it already.thanks for letting me know
Let all the living things live blissfully
  • #609
  • Apr 3, 2012 1:55pm Apr 3, 2012 1:55pm
An interesting system here, especially for a scalper like me! I'm always on the look out for something new.

One question:

What is the relevance of the 800 EMA? I have run a search on the thread, but the only info I can find on it is that we shouldn't try to trade in between the 200 EMA and the 800 EMA if they are too close together. Is this the only time we should take the 800 EMA into consideration?

Apologies if this has already been covered and I have just missed it!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #610
  • Apr 3, 2012 5:03pm Apr 3, 2012 5:03pm
guys can you tell me some editing software for the chart plz.im having tough time here editing them..[/quote]

Hi loverly1: Thanks for the thread. If you have windows7 just use the snipit tool to grab the part of the chart you want. If not try Greenshot screen capture. Then you can use paint.net. This is a picture editing tool that is pretty good. Not too simple and not too many bells and whistles. Both of those programs are open source. This is what I have been using and it works well. Capture, paste, edit. Hope this helps you out. Thanks again for the thread. mdavem
  • #611
  • Apr 3, 2012 10:07pm Apr 3, 2012 10:07pm
Quoting By_Tor2114
An interesting system here, especially for a scalper like me! I'm always on the look out for something new.

One question:

What is the relevance of the 800 EMA? I have run a search on the thread, but the only info I can find on it is that we shouldn't try to trade in between the 200 EMA and the 800 EMA if they are too close together. Is this the only time we should take the 800 EMA into consideration?

Apologies if this has already been covered and I have just missed it!
hello mate...800ema is nothing but 50ema on 4hr.200ema and 50ema is very well respected on all TFs. you can go in for the kill if the distance between the 200 and 800 ema are more than 35 pips away with the everything in place.Do backtesting mate.
Let all the living things live blissfully
  • #612
  • Apr 3, 2012 10:07pm Apr 3, 2012 10:07pm
Note: Even a ROBO can follow the rules.on top of all the rules comes the traders discretion.the price action where the price is bouncing off from.how many times has it bounced off how many hits has it made and how soon it has touched the 200ema or any ema.
Let all the living things live blissfully
  • #613
  • Apr 3, 2012 10:08pm Apr 3, 2012 10:08pm
Quoting mdavem
guys can you tell me some editing software for the chart plz.im having tough time here editing them..
Hi loverly1: Thanks for the thread. If you have windows7 just use the snipit tool to grab the part of the chart you want. If not try Greenshot screen capture. Then you can use paint.net. This is a picture editing tool that is pretty good. Not too simple and not too many bells and whistles. Both of those programs are open source. This is what I have been using and it works well. Capture, paste, edit. Hope this helps you out. Thanks again for the thread. mdavem[/quote]


thanks for that..i will try mate..
Let all the living things live blissfully
  • #614
  • Apr 3, 2012 10:17pm Apr 3, 2012 10:17pm
Quoting Pat Chiko
Am thinking to go for long in EU after crossing EMA 200,
hi pat...i love your profile picture..he is a great scientist.comin to the point now....thers another strategy based on the 200ema. will discuss once everyone starts making moeny with this one.

i will start discussing counter trend trades aswell once everyone becomes expert.

by the way...that was a very good bounce and DIv trade
Let all the living things live blissfully
  • #615
  • Apr 4, 2012 2:15am Apr 4, 2012 2:15am
Yesterday trades: 2 winners with my favourite currency EUR/AUD, 2 winners with GBP/CAD, and 1 loser with EUR/USD. Overall a good day and thanks LoveEvery1 for sharing this system.

Since we all learn more from a loser than we do with winners here is the EUR/USD chart. In hindsight the H1 was ranging at the time and GPB/USD was moving in the opposite direction. Probably should have stayed away. Went to bed and missed the FOMC moves.
Attached Image (click to enlarge)
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  • #616
  • Apr 4, 2012 2:22am Apr 4, 2012 2:22am
Hi,

Is this a valid entry? I seem to remember reading somewhere in the thread that if the TDI has crossed before the London open, it is best to stay away, as it can reverse.

Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 29 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #617
  • Apr 4, 2012 2:41am Apr 4, 2012 2:41am
yes, it happens often . if u backtest, it looks like the losers outnumber the winners. a lot of times u will see a reversal during the london session, on these early crosses.......vince
  • #618
  • Apr 4, 2012 2:44am Apr 4, 2012 2:44am
Quoting By_Tor2114
Hi,

Is this a valid entry? I seem to remember reading somewhere in the thread that if the TDI has crossed before the London open, it is best to stay away, as it can reverse.

Any thoughts?

you are supposed to take the cross above the yellow line.do not do not..break that rule...since you are new to this system.take only the crosses above the yellow line in accordance with the 200ema...to be on the safe side

im not saying that this trade wont work or will work,,,its always safe to trade like the way described above
Let all the living things live blissfully
  • #619
  • Apr 4, 2012 2:51am Apr 4, 2012 2:51am
Quoting loveevery1
you are supposed to take the cross above the yellow line.do not do not..break that rule...since you are new to this system.take only the crosses above the yellow line in accordance with the 200ema...to be on the safe side

im not saying that this trade wont work or will work,,,its always safe to trade like the way described above
Hi,

Thanks for the feedback, but I am a bit confused. In the image I posted, I opened on the candle after the London open, which shows the green line above the 200 EMA (Coloured red on my chart). Am I missing something here?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #620
  • Apr 4, 2012 2:59am Apr 4, 2012 2:59am
Quoting By_Tor2114
Hi,

Thanks for the feedback, but I am a bit confused. In the image I posted, I opened on the candle after the London open, which shows the green line above the 200 EMA (Coloured red on my chart). Am I missing something here?
What LoveEvery1 means is that to be on the safe side the red-green cross should occur above the yellow line for a long trade. In your chart the red-green cross occured below the yellow line.

See his post #22 for a clear example.
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