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Another simple system - Time-Frame 15

  • #1,061
  • Apr 24, 2012 7:18am Apr 24, 2012 7:18am
Quoting loveevery1
im short Gu...lets see
there might be another pull back before it goes down...lets see..very good resistance from Day chart
Let all the living things live blissfully
  • #1,062
  • Apr 24, 2012 7:27am Apr 24, 2012 7:27am
Quoting carib102
Wonderful simple stuff that even a noob like me can learn. Thank you for the selfless sharing you've done here loveevery1.

I've read through the entire thread these past 3 days and still I have 1 question I didn't see addressed anywhere.

LE1 trades EU and GU and so has designed the system to trade at the LO and the first 2 hours of the US open which makes sense.

I am wondering if you are trading the Yen crosses is it acceptable to use the Tokyo open as the starting point for your trading? I know I saw a few of you on here trading EY and...

Hello mate..,welcome to the thread,I trade only 3 pairs.you can try during asian open.it will work on any pair provided it moves at that time.you can try Yen pairs and and AU pairs.you can try and let us know,it will benefit lot of people trading at that time..every pair moves during LO.god bless
Let all the living things live blissfully
  • #1,063
  • Apr 24, 2012 7:38am Apr 24, 2012 7:38am
Quoting matlobien
I want to thank you again for sharing and teaching.

YOU HAVE INSPIRED ME AGAIN TO SIMPLIFY MY TRADING.

Last week my account grew by 38%.

God bless you richly.

Keep up the good work.

HI matty...there is nothing i did.you are an expert in forex already.im extremely happy with the results.you set an example for all of us here.plz continue to post your views so we all learn.thanks again
Let all the living things live blissfully
  • #1,064
  • Apr 24, 2012 7:47am Apr 24, 2012 7:47am
Quoting mdavem
Hi Loveevery1 and the rest. First try at posting chart. Hope it works. With recent posts about TDI thought I would just put up a chart. This is the EU on a 15 minute. I do not rely solely on the TDI but it is not too bad as an indicator. Just remember that an indicator does only that, indicates. For sure not set in stone as to what action to take. Consider any indicator as a mischevious oracle. Sometimes good, sometimes bad.
Nuff said. The chart.

Thanks for the thread Loveevery1.

Cheers.
welcome to the thread my brother.i like what you said about indicators..it only indicates very true...
Let all the living things live blissfully
  • #1,065
  • Apr 24, 2012 7:57am Apr 24, 2012 7:57am
Took a fast 10 on EU.

I do not trust 3150 level.

  • #1,066
  • Apr 24, 2012 8:55am Apr 24, 2012 8:55am
Quoting ckikadikoi
For my first post thanks a lot for this thread

resistance of a round number 1.31500 and I would not take a short above MA200

To risky for me!

(Sorry for my poor english im french )
Trying to Understand ????

Resistance @ 1.31500 = cannot go LONG.
Above 200EMA = cannot SHORT.

I think your resistance number is wrong. houls be 1.320000 ( that's very round number) this is where R1 resides.
We are in control of our destiny but have no control over our fate.
  • #1,067
  • Apr 24, 2012 9:00am Apr 24, 2012 9:00am
Quoting loveevery1
there might be another pull back before it goes down...lets see..very good resistance from Day chart
Here is the result...i took one from the top before it fell...i took +13 off that...i took another one on the pull back for +17 pips...i exited coz of some heavy news.
Attached Image
Let all the living things live blissfully
  • #1,068
  • Apr 24, 2012 9:03am Apr 24, 2012 9:03am
why say you long , i never talk about long it's a reply to Pat who ask for a short !
  • #1,069
  • Apr 24, 2012 9:04am Apr 24, 2012 9:04am
Quoting loveevery1
Here is the result...i took one from the top before it fell...i took +13 off that...i took another one on the pull back for +17 pips...i exited coz of some heavy news.
for the 100th time i posted the chart wihout editing the lots size...lol
Let all the living things live blissfully
  • #1,070
  • Apr 24, 2012 9:05am Apr 24, 2012 9:05am
look at the price now...hooray..it wud have taken my BE now...thank heavens i exited..
Let all the living things live blissfully
  • #1,071
  • Apr 24, 2012 10:51am Apr 24, 2012 10:51am
Quoting loveevery1
look at the price now...hooray..it wud have taken my BE now...thank heavens i exited..
Capable of grabbing pips in such a ranging market
  • #1,072
  • Apr 24, 2012 11:15am Apr 24, 2012 11:15am
Hi loveevery1,

Thank you so much for the great sharing on this system of trading. I had read all the posts since day 1 few times but still feeling confused as traders here are applying it differently in their trading.

I had started practising yesterday and posted 2 trades. Need your precious advice. I had done my best to stick strictly to the textbook style of trading but not sure if I'm applying it correctly.

1st trade on GbpUsd entered when Green cross Red below Yellow but next price action, Red also cross above Yellow. I shift SL to breakeven when +12pip.

2nd trade today on EurUsd entered when Green cross Red above Yellow. But price retrace and I was stop out. Still had a lot more to learn on reading the price action.

Look forward to trade consistently with this system.
Thank You !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: scalpingm15 gbpusd 23apr12 be.gif Size: 30 KB
Click to Enlarge Name: scalping m15 eurusd 24apr12 loss.gif Size: 26 KB
  • #1,073
  • Apr 24, 2012 5:36pm Apr 24, 2012 5:36pm
Quoting El1n
Does it mean you stick to the same rules on CT as well?
I have no experience with CT trades whatsoever. I'm looking to backtest them soon so would like to have a set of clear rules to trade by.
Sorry this is coming late,i have been out... just about going to bed now and saw this.

I do stick to the same rules on both normal or CT trades.
As i said earlier,from experience it saves me of fake outs.

But pls do your back-test and kindly share your findings with us.

Stay Blessed.
It Is Well With My Soul..(Amen)
  • #1,074
  • Apr 24, 2012 9:16pm Apr 24, 2012 9:16pm
Quoting loveevery1
im short Gu...lets see
How did you short when price was above EMA200 ?
  • #1,075
  • Apr 24, 2012 9:51pm Apr 24, 2012 9:51pm
Quoting affluence76

1st trade on GbpUsd entered when Green cross Red below Yellow but next price action, Red also cross above Yellow. I shift SL to breakeven when +12pip.

2nd trade today on EurUsd entered when Green cross Red above Yellow. But price retrace and I was stop out. Still had a lot more to learn on reading the price action.

Look forward to trade consistently with this system.
Thank You !
Hope this will save Lovee some time.

I will try to take this one in a hope it will save Lovee some time. Needless to say i am receptive to any corrections.

1st trade
I'm under impression that you took long under the yellow TDI line. That would be against the rules of this system.

2nd trade
This trade seems to be according the rules. The bottom line here is not to trade in a ranging market pretty much all the indicators tend to fail in such conditions. Always look left if you see a lot of color change in candles, the market is ranging.
Sure experiences traders like Lovee can still snatch few pips here and there, for the rest of us its a no no !

Elin
  • #1,076
  • Apr 24, 2012 10:45pm Apr 24, 2012 10:45pm
Quoting babasemi
Sorry this is coming late,i have been out... just about going to bed now and saw this.

I do stick to the same rules on both normal or CT trades.
As i said earlier,from experience it saves me of fake outs.

But pls do your back-test and kindly share your findings with us.

Stay Blessed.
I'm planning to set some time aside one of the upcoming weekends and backtest the CT setups. Ofc, I will share my experience afterwards. In the meantime I will try to define and clarify the rules in order to get more accurate results.

Any guidance for the backtesting is welcome.

Elin
  • #1,077
  • Apr 25, 2012 4:41am Apr 25, 2012 4:41am
EU - There was a potential setup crafted by bullish candle pattern supported by a bullish cross on TDI according to the house rules. I was waiting for it to break through 1.3220 resistance line. It has failed to do so. Hence I' ve stayed away from it. I won't go long unless this resistance is broken.

GU - Massive sell off, I was thinking of jumping on the short when It confidently broke through 200EMA, but I didn't want to go against the rules and it just seems a bit wacky and uncontrolled.

EG - I've begun to pay more attention to this pair as it has presented an ideal setup yesterday and shoot up another leg today. This was an ideal setup everything in compliance with the rules. Chili pepper candle served as an alert candle followed by supported by nice bullish candle with no lower stem. Unfortunately I closed this trade prematurely for only 20pips, should have have set the TP according the to previous leg. Hope this will come with the experience. Let's see if tomorrow completes the 3 drive pattern on this pair.

I'm done with trading for today.

Any comments ?
  • #1,078
  • Apr 25, 2012 6:09am Apr 25, 2012 6:09am
Quoting El1n
GU - Massive sell off, I was thinking of jumping on the short when It confidently broke through 200EMA, but I didn't want to go against the rules and it just seems a bit wacky and uncontrolled.
An update on this. Apparently there was a bearish divergence coming from H4. Was curious what could have caused the massive drop. So H4 is also something to look out for.

Anyway guys let me know if this is bringing any value to the thread or I should keep my rambling to myself.
  • #1,079
  • Apr 25, 2012 7:26am Apr 25, 2012 7:26am
Quoting El1n
An update on this. Apparently there was a bearish divergence coming from H4. Was curious what could have caused the massive drop. So H4 is also something to look out for.

Anyway guys let me know if this is bringing any value to the thread or I should keep my rambling to myself.
Also remembering the high impact news on that pair today
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #1,080
  • Apr 25, 2012 7:27am Apr 25, 2012 7:27am
NO big action in EU today.but as expected there was huge sell off on GU...wow.i was expecting it.coz it was a major resistance on 4HR. i was actually expecting this fall yesterday but it dint..today it fell and i wasnt at my computer. as i will be for the next few days.


El1n ...you are taking very good care of the thread.your analysis and predictions are amazing ....much appreciated.this is how you learn.feel it and it will get into you.never get tired.i will make sure you are learn and see price how i see or probably better than me.
Let all the living things live blissfully
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eluo