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Attachments: Another simple system - Time-Frame 15
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Another simple system - Time-Frame 15

  • #981
  • Apr 22, 2012 3:56am Apr 22, 2012 3:56am
Quoting El1n
G/U
2nd signal
This false signal almost caught me, the only reason why I didn't take it is the formation of candles. Do you guys see any other reason why would you not take this signal?
Hello E1n,

If you look at the H1 chart, the last two candles tried to touch Daily R2 but ended up closing way below. The last candlestick also has a small body.

This told me momentum is not strong, but I am a noob.
  • #982
  • Apr 22, 2012 4:09am Apr 22, 2012 4:09am
Quoting loveevery1
thank you all for the kind words...i will continue posting and telling you what i know.what i have learnt in the last few years.

I will post few screen shorts of how i look at the HTFs.i have been busy latetly with some property issue.will be on from monday.Do a thorough backtesting.screen time is all you need folks.its like graduating for 3 years..give forex the same time.do not rush things..i see lot of new people in this thread.much appreciated

god bless everyone
Hi LoveEvery1,

Thank you for your decision to keep teaching us and will patiently wait for your other methods. We understand your have a family with a newborn baby and other priorities.

I also would like to add that without your knowing or realising it you have changed or will change lives of many people now that with your sharing the knowledge we could trade better, and make or will make decent $.

Of course we will not forget your suggestion that some of the $ be donated to those in need.
  • #983
  • Apr 22, 2012 5:53am Apr 22, 2012 5:53am
Quoting Cun
Hello E1n,

If you look at the H1 chart, the last two candles tried to touch Daily R2 but ended up closing way below. The last candlestick also has a small body.

This told me momentum is not strong, but I am a noob.
Hey Cun,

Thanks for your feedback. I'm struggling to see the daily R2 on H1. Could you post a chart?
  • #984
  • Apr 22, 2012 9:52am Apr 22, 2012 9:52am
Quoting loveevery1
thank you all for the kind words...i will continue posting and telling you what i know.what i have learnt in the last few years.

I will post few screen shorts of how i look at the HTFs.i have been busy latetly with some property issue.will be on from monday.Do a thorough backtesting.screen time is all you need folks.its like graduating for 3 years..give forex the same time.do not rush things..i see lot of new people in this thread.much appreciated

god bless everyone
Hi Loveevery1,

Thank you for your kind decision to continue to share your invaluable FX knowledge with us. Appreciate very much.
God bless you.
  • #985
  • Apr 22, 2012 10:03am Apr 22, 2012 10:03am
Quoting El1n
Hey Cun,

Thanks for your feedback. I'm struggling to see the daily R2 on H1. Could you post a chart?
Hi El1n,

I use the indicator PivotDWM to show levels and I notice you use the Pivot_DOTS. So I attach both indicators for comparison.

The vertical yellow line is where the 2nd trade is on the H1 chart and you could see the last two candles bounced off the Daily R2.

However, seeing both PivotDWM and Pivot_DOTS levels I am now confused as to which one to trust. I have adjusted the GMT shift stuff but they are not exactly lined up, aren't they? I also note your chart have different levels.

I was wondering if it is normal that different pivot indicators produce slightly different levels? Could someone comment on this?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.gif Size: 28 KB
  • #986
  • Apr 22, 2012 6:45pm Apr 22, 2012 6:45pm
Quoting Cun
Hi El1n,

I use the indicator PivotDWM .....
...I was wondering if it is normal that different pivot indicators produce slightly different levels? Could someone comment on this?
Hi Cun,
I recall having this discussion on another thread. I think the concensus was to use the local market opening time of the pair being traded. So for GBP pairs it would be GMT. 0600GMT seemed to work well. However, there are others that use the Daily Open, which is 5PM EST.
Although it does not seem to be something that Lovee1 looks at, it would be good to get his view as well.
EP
  • #987
  • Apr 22, 2012 8:26pm Apr 22, 2012 8:26pm
Quoting EaglePip
Although it does not seem to be something that Lovee1 looks at, it would be good to get his view as well.
EP
Second that

Thanks guys for contribution I like that fact that the discussion is getting more lively.
  • #988
  • Apr 23, 2012 12:01am Apr 23, 2012 12:01am
Quoting Cun
Hi El1n,

I use the indicator PivotDWM to show levels and I notice you use the Pivot_DOTS. So I attach both indicators for comparison.
Hi Cun,

Could you post your PivotDWM indicator and state the setting you use for both EUR/USD and GBP/USD. thanks

Lovee,

A question for you. Are pivot points indicators relevant in this strategy?
  • #989
  • Apr 23, 2012 12:34am Apr 23, 2012 12:34am
Quoting El1n
Hi Cun,

Could you post your PivotDWM indicator and state the setting you use for both EUR/USD and GBP/USD. thanks

Lovee,

A question for you. Are pivot points indicators relevant in this strategy?
Hi El1n,

Attached is the PivotDWM. I do not change any settings in this indicator nor see anything that I can/should change. But then I am relatively new and probably have missed something.

For Pivot_DOTS I set the GMT Shift value to 2 since my broker's time is GMT+2.
Attached File(s)
File Type: mq4 PivotsDWM.mq4   10 KB | 694 downloads
  • #990
  • Apr 23, 2012 1:35am Apr 23, 2012 1:35am
Quoting Cun
Hi El1n,

Attached is the PivotDWM. I do not change any settings in this indicator nor see anything that I can/should change. But then I am relatively new and probably have missed something.

For Pivot_DOTS I set the GMT Shift value to 2 since my broker's time is GMT+2.
Hi Cum,

I can't see an option to change the time zone either. On the default setting it's showing results based on GMT (+0) which I don't think is accurate.
Let's hope one of the more experienced traders can shed some light on this and whether this plays any importance in Lovee's analysis.
  • #991
  • Apr 23, 2012 1:42am Apr 23, 2012 1:42am
Backo the thread after a very busy weekend!

LE1, it would be a great shame if you wre to vanish. I believe we all have a great deal more to share!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #992
  • Apr 23, 2012 2:54am Apr 23, 2012 2:54am
Hello folks im back...sorry have been busy lately TOR.i missed several LO this month..
Let all the living things live blissfully
  • #993
  • Apr 23, 2012 2:55am Apr 23, 2012 2:55am
I going to post charts for CT now....download it and look at it sometime and you will see those setups happening on the chart.
Let all the living things live blissfully
  • #994
  • Apr 23, 2012 3:07am Apr 23, 2012 3:07am
Quoting El1n
Hi Cum,

I can't see an option to change the time zone either. On the default setting it's showing results based on GMT (+0) which I don't think is accurate.
Let's hope one of the more experienced traders can shed some light on this and whether this plays any importance in Lovee's analysis.
hello EL1n....thank you for the contribution for this thread.i personally dont use pivots or s&R lines on the 15min chart...i can see it visually on the higher timeframes.it is very powerful..i use the 15min s&R to exit the trades..

do whatever seems best folks...everything works...if you know how to use it
Let all the living things live blissfully
  • #995
  • Apr 23, 2012 3:09am Apr 23, 2012 3:09am
Counter entries///
Attached Images
Let all the living things live blissfully
  • #996
  • Apr 23, 2012 3:13am Apr 23, 2012 3:13am
Quoting By_Tor2114
Backo the thread after a very busy weekend!

LE1, it would be a great shame if you wre to vanish. I believe we all have a great deal more to share!

im not planning to leave TOR..i see lot of brothers here who are willing to learn from this idiot who has a very small knowledge lol ..and by the way.i will be replyin to your email this evening.
Let all the living things live blissfully
  • #997
  • Apr 23, 2012 3:16am Apr 23, 2012 3:16am
This is easy entry for EJ today with 60+ pips banked. Im done for the day, will see you in US open.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 30 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #998
  • Apr 23, 2012 3:17am Apr 23, 2012 3:17am
Quoting loveevery1
im not planning to leave TOR..i see lot of brothers here who are willing to learn from this idiot who has a very small knowledge lol ..and by the way.i will be replyin to your email this evening.

Looking forward to your input!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #999
  • Apr 23, 2012 3:36am Apr 23, 2012 3:36am
Quoting loveevery1
im not planning to leave TOR..i see lot of brothers here who are willing to learn from this idiot who has a very small knowledge lol ..and by the way.i will be replyin to your email this evening.

Hi Loveevery1,

Congrats to you,for you have just let the world know that i am a Bigger idiot.
becos if an idiot like you can improve on this great system and make good money from it,and i couldn't ...then you will agree with me that i am a very bigger idiot.

Thanks and Stay Blessed.
It Is Well With My Soul..(Amen)
  • #1,000
  • Apr 23, 2012 3:37am Apr 23, 2012 3:37am
Quoting Pat Chiko
This is easy entry for EJ today with 60+ pips banked. Im done for the day, will see you in US open.
wow..thats much more than what i take using these setups....that was excellent
Let all the living things live blissfully
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