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Another simple system - Time-Frame 15

  • #1,801
  • May 22, 2012 10:22am May 22, 2012 10:22am
Folks...There are lots of ways to reach a particular destination.by car,by train,by bicycle,on foot,by plane,by jet,by rocket.but you got to choose the best way to get to a destination...less stress/less mileage/less time/less tiring/traffic free...its upto a trader.


IN the same way there are lot of ways to see the chart,and there is only one chart.we all look at the market with different eyes.market is always the same.Change is the only thing which never changes in this universe.some people complicate the chart.

Simplicity always works...Practice Practice and Practice
Let all the living things live blissfully
  • #1,802
  • May 22, 2012 10:31am May 22, 2012 10:31am
If I'm 15 mins traders and strictly folow. rules set by Arjun .

This is what my trade going to be today.

FIRST. Price above 200EMA !

2nd. Wait for LO open. ( do go for FO Long, )

Draw tendline, breaks, you get out.

Put SL to lowest point ( in this case both SL set at 15 pips Lowest Point)

Draw intermediate trendline (Yellow) and draw Long Term trendline ( Orange).

Trade three times a day make money, already banked +50 pips, with one trade still runningafter 3 hours, go outside and play.

.
Watch the ORANGE Trendline on 15 mins. !!!!

This is only one pair. Do be Greedy, just concentrate one pairs, with 15 mins TF, follow all the rules. EASY>

You do this everyday with +30 pips. You do the maths.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 15 mins.gif Size: 73 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,803
  • May 22, 2012 10:34am May 22, 2012 10:34am
Quoting loveevery1
you are welcome my brother...keep practicing it or you might find it hard to survive in this forex world.

trust me mate...the alert will never help...just my experience

I can give you TWO ALERT, if you really want it,

1) Mind Alert

2) Eyes alert. ( through practice and observation).

Because NOT every cross is VALID signal.

If you focus, Chart become readable and esy to understand.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,804
  • May 22, 2012 10:49am May 22, 2012 10:49am
Quoting Pat Chiko
I can give you TWO ALERT, if you really want it,

1) Mind Alert

2) Eyes alert. ( through practice and observation).

Because NOT every cross is VALID signal.

If you focus, Chart become readable and esy to understand.
Let all the living things live blissfully
  • #1,805
  • May 22, 2012 10:54am May 22, 2012 10:54am
I'm in the process of creating rules for the reject signals..how and when to take and how to validat the setups..bare with me guys.
Let all the living things live blissfully
  • #1,806
  • May 22, 2012 11:23am May 22, 2012 11:23am
Once, the "weak holder" is shaken out, the Price will comtinue its journey,
This is typical Games they boys play every day.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 15 mins.gif Size: 72 KB
Click to Enlarge Name: ej 60 mins.gif Size: 79 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,807
  • May 22, 2012 11:44am May 22, 2012 11:44am
First, see Day chart for easy identification of bounce off 10ema and resistance line.

Second, see 4h chart for each identification of bounce off 50ema which is close to same as the 10ema on day chart so no coincidence here. But the resistance on the 4h chart is clear that price bounced down today and made 3 IB's inside the candle that touched the 50ema. The last 4h IB is a pinbar which is significant. The break of that pinbar short is approximately where the 15m entry is.

Third chart is 15m entries; first one failed for a 20 pip loss and 2nd made 30 pips so +10 net. TDI yellow line sloped down but tdi red line slowed up slightly on first loser but flattens out on 2nd trade.

Need help determining why first trade failed if you see anything. I know trading near the 200ema is risky so could add a rule to always wait first to see if the cross is going to hold. With the upper TF's clearly in down mode I thought it would work.

Thanks again for this great thread and the contributions many kiind folks have made. If there's a skype chatroom, please count me in.

Steve
Attached Image(s) (click to enlarge)
Click to Enlarge Name: le1 eu day.gif Size: 21 KB
Click to Enlarge Name: le1 eu 4h.gif Size: 18 KB
Click to Enlarge Name: le1 eu 15m.gif Size: 17 KB
  • #1,808
  • May 22, 2012 11:59am May 22, 2012 11:59am
Guy, don't take so serious about trading. If you see with the flow and let everything comes to you. All you got to do is " WAIT FOR SIGNAL".


Look at this attachment, when I see this Funny THIN looking Candle trying to say something to me. The Time now is 4 mins to the HOUR !
Lets have some fun in here. Then money will come to you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 60 mins.gif Size: 82 KB
Click to Enlarge Name: eu 60mins.gif Size: 87 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,809
  • May 22, 2012 12:08pm May 22, 2012 12:08pm
OK Guy,

Im done today ,with few trade still running and proper SL. Must go for Golf now.

Trading is boring. ( Seriuosly ! I only can sit for 3 hours - max per session.)

Before I go, Im posting 15m EJ Chart, for someone, anyone , anybody to comment about a very tricky trade.
( This trade is still running).

Hope to hear from you soon & let's contribute to the better knowledge,

Lets make pips everyday - lots of it
Attached Image (click to enlarge)
Click to Enlarge Name: ej 15 mins.gif Size: 74 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,810
  • May 22, 2012 12:27pm May 22, 2012 12:27pm
Quoting Pat Chiko
If I'm 15 mins traders and strictly folow. rules set by Arjun .

This is what my trade going to be today.

FIRST. Price above 200EMA !

2nd. Wait for LO open. ( do go for FO Long, )

Draw tendline, breaks, you get out.

Put SL to lowest point ( in this case both SL set at 15 pips Lowest Point)

Draw intermediate trendline (Yellow) and draw Long Term trendline ( Orange).

Trade three times a day make money, already banked +50 pips, with one trade still runningafter 3 hours, go outside and play.

.
Watch the ORANGE Trendline on 15 mins. !!!!...

Have to train my eyes to spot the simple set up.... way to go...
  • #1,811
  • Edited 1:00pm May 22, 2012 12:29pm | Edited 1:00pm
The significant pattern I find is a pinbar against the 50ema on 4h chart. Steve
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 16 KB
  • #1,812
  • May 22, 2012 12:33pm May 22, 2012 12:33pm
Quoting stevewide
The significant pattern I find is a pinbar against the 50ema on 4h chart. Steve

http://www.forexfactory.com/attachme...2&d=1337707646
Stick to one system and be consistance.

Cheers
  • #1,813
  • Edited 4:11pm May 22, 2012 2:49pm | Edited 4:11pm
Did anyone notice daily range very low during London and NY am sessions; made my trading in NY pm very nice today to get 80 pips easily from four trades:
Yellow dotted line shows all 4 trades triggered from bounce off red tdi liine.

LoveEvery1 has taught me how to trade better. Thanks you!

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: 4 trades le1.jpg Size: 144 KB
  • #1,814
  • May 22, 2012 4:36pm May 22, 2012 4:36pm
Quoting stevewide
Did anyone notice daily range very low during London and NY am sessions; made my trading in NY pm very nice today to get 80 pips easily from four trades:
Yellow dotted line shows all 4 trades triggered from bounce off red tdi liine.

LoveEvery1 has taught me how to trade better. Thanks you!

Steve

Congra.
  • #1,815
  • May 22, 2012 5:27pm May 22, 2012 5:27pm
Ok, I've had a few fail trades in the last few days. I think a couple were just bad decisions on my behalf, as demonstrated in the UC chart attached. Being pretty new, the only reason I can see is that the red TDI line was now sloping in the direction of the trade.
Can anyone comment? Please be as direct & up front as possible, its pretty hard to hurt my feelings
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJfakey.jpg Size: 294 KB
Click to Enlarge Name: UCfail.jpg Size: 259 KB
The more I learn, the more I realise how little I know...
  • #1,816
  • May 22, 2012 7:21pm May 22, 2012 7:21pm
Hi;
First Ej short at the 200e; tdi had made 3 waves down past the red and yellow lines and went into OS teritory(past the blue band which werer tight). Price started down twice before your entry to cross 200 but couldn't with very small candles meaning no volume. Asian session slow.

Second trade Uchf long with immediate 15m resistance to the left stopped it. Red TDI going down hurts too. Price came back to the round number before setting up and a entry to go up.

HTF's were with you.

Entry after red TDI flattened would have been 2 winners.

Just trying to learn. Thanks for posting. I've had some losers too where I saw my mistake afterwards just like you... Steve
  • #1,817
  • May 22, 2012 7:47pm May 22, 2012 7:47pm
Thankyou for the feedback Steve. Just to clarify, I'm quite sure the TDI is only in oversold territory when it crosses below the 32 line. From what I saw on Dean Malones website, the green crossing the blue volatility bands is a good thing, indicating a breakout. Vid here:
http://www.compassfx.com/video/ip/110811/110811.html

I was waiting for a close below the 200ema with the TDI to confirm the trade... maybe it was just a FO fakey and I should move on

After looking at Pat Chikos post, i can see the importance of the red pointing in direction of trade. Just trying to get my head around the TDI as well as take note of what is happening with the PA.


Quoting stevewide
Hi;
First Ej short at the 200e; tdi had made 3 waves down past the red and yellow lines and went into OS teritory(past the blue band which werer tight). Price started down twice before your entry to cross 200 but couldn't with very small candles meaning no volume. Asian session slow.

Second trade Uchf long with immediate 15m resistance to the left stopped it. Red TDI going down hurts too. Price came back to the round number before setting up and a entry to go up.

HTF's were with you.

Entry after red TDI flattened would have been 2 winners....
The more I learn, the more I realise how little I know...
  • #1,818
  • May 22, 2012 8:10pm May 22, 2012 8:10pm
Quoting Adsa
I'm quite sure the TDI is only in oversold territory when it crosses below the 32 line.
Sorry for including this side comment in my analysis as it had nothing to do with the trade failing. Please disregard it. The other comments could help us. Steve
  • #1,819
  • May 22, 2012 8:29pm May 22, 2012 8:29pm
Hi LoveE and other mentors,

I need your help to understand yesterday's UJ.

 

  1. Price is above 800 EMA
  2. RED / Green is pointing down, but the prices keeps going up
  3. Based on the rules set by LoveE I am unable to understand to go long or short based on the TDI as its pointing down

I am missing something, your thoughts would be highly appreciated

Attached Image (click to enlarge)
Click to Enlarge Name: UJ May 22.PNG Size: 49 KB
  • #1,820
  • May 22, 2012 10:16pm May 22, 2012 10:16pm
Quoting Halcyon567
Hi LoveE and other mentors,

I need your help to understand yesterday's UJ.

 

  1. Price is above 800 EMA
  2. RED / Green is pointing down, but the prices keeps going up
  3. Based on the rules set by LoveE I am unable to understand to go long or short based on the TDI as its pointing down

I am missing something, your thoughts would be highly appreciated

Take a look at it buddy
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 28 KB
Let all the living things live blissfully
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