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Another simple system - Time-Frame 15

  • #1,961
  • May 25, 2012 9:03pm May 25, 2012 9:03pm
Quoting 4rx
Awesome day today

made 60pips on the way up then 55pips on the way down

Thanks Lovee1
CONTIUNE TO POST YOUR CHARTS MY FRIEND...congrats
Let all the living things live blissfully
  • #1,962
  • May 25, 2012 9:27pm May 25, 2012 9:27pm
Quoting Intrepidpips
This is how every trading day should be,
Loveevey1 you are a God sent
This is how its going to be...All in our head...god bless
Let all the living things live blissfully
  • #1,963
  • May 25, 2012 9:28pm May 25, 2012 9:28pm
Quoting Intrepidpips
Hi Loveevery1, Pat Assange, what do you make of my analysis?
Now you know mate....
Let all the living things live blissfully
  • #1,964
  • May 25, 2012 9:33pm May 25, 2012 9:33pm
Quoting matlobien
Great trade long after FO.

Profit for past 2 weeks on live account only trading EU = 51%.

Only 1 losing day.

Trust yourself.

thats what i call being consistent....You are an ultimate example for all of us
Let all the living things live blissfully
  • #1,965
  • May 25, 2012 9:37pm May 25, 2012 9:37pm
Quoting Halcyon567
a Big thanks to LoveE and other mentors. Having burnt my accounts for the last few months, I finally gathered my strength and revisited the live account with small lot sizes and man it worked. I have attached today trades.

Assange, Pat Chiko, Intrepidpips, Steve, Tor - appreciate the time and effort you have dedicated to train us novices.
HAHAHAHHAHA....wow nice pips you have...dont forget to do some charity near you..buy a piece of cake or feed a dog or pigeon if you have made a small profit...all in our head...cheers mate...
Let all the living things live blissfully
  • #1,966
  • May 25, 2012 9:38pm May 25, 2012 9:38pm
What happened yesterday? Loads of PIPS and Loads of posts...
Let all the living things live blissfully
  • #1,967
  • May 26, 2012 2:57am May 26, 2012 2:57am
http://vimeo.com/23334672
I think that we can learn a lot from this video!
  • #1,968
  • May 26, 2012 5:09am May 26, 2012 5:09am
Hi,

I'm a new learner in Forex, just over 5 months, on micro lot real account.

Trying to find a good system. When I see this thread, I read it for past one months for many times and repeated all the important notes from contributors. Finally i agree it is very easy to follow & understand.

All possible indicator is there including Pivot. But I left the Tradin Hours, as the trading hours always fixed at the same time everyday, and don't want to crowd my chart.

My question is, with so many set up shown in this thread, I wonder if my chart set up is correct ?. Here is my chart.

Thank you for your help.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15 mins.gif Size: 25 KB
  • #1,969
  • May 26, 2012 1:14pm May 26, 2012 1:14pm
Your chart looks good Gibril

same as mine except the color
Lets make some green pips
  • #1,970
  • May 26, 2012 1:47pm May 26, 2012 1:47pm
Quoting 4rx
Your chart looks good Gibril

same as mine except the color
Thank you for your answer.

I rephrase my question.

with so many set up and method on this thread, looking GOOD Chart is not good enough for me.

I need to find the most CORRECT SET UP to apply the method correctly.

Another Question : How to apply Volitily Band reading in relation to PA ?

Thank You for helping me with this as I must admit, to fine tune this system must be difficult with so many input from experience traders.
  • #1,971
  • May 26, 2012 6:33pm May 26, 2012 6:33pm
Hi Gibril,

You have all the basic instruments you need there on the chart you posted. To add the volatility bands to the TDI:
- press Ctrl + i
- select TDI
- click 'edit'
- click 'colours' tab
- change # 1 & 3 to a colour of your choice

The only things you potentialy need to add to your chart are S&R lines, trendlines etc that you will do in your analysis of specific pairs.
Hope that helps

Adsa


Quoting Gibril
Thank you for your answer.

I rephrase my question.

with so many set up and method on this thread, looking GOOD Chart is not good enough for me.

I need to find the most CORRECT SET UP to apply the method correctly.

Another Question : How to apply Volitily Band reading in relation to PA ?

Thank You for helping me with this as I must admit, to fine tune this system must be difficult with so many input from experience traders.
The more I learn, the more I realise how little I know...
  • #1,972
  • Edited 8:34pm May 26, 2012 8:19pm | Edited 8:34pm
Quoting Adsa
Hi Gibril,

You have all the basic instruments you need there on the chart you posted. To add the volatility bands to the TDI:
- press Ctrl + i
- select TDI
- click 'edit'
- click 'colours' tab
- change # 1 & 3 to a colour of your choice

The only things you potentialy need to add to your chart are S&R lines, trendlines etc that you will do in your analysis of specific pairs.
Hope that helps

Adsa
Thank You for your help.

Again, I will rephrase the question.

" How to apply Volitily Band reading in relation to PA ? - it is not so to make the Volitity Band appear in screen . How you read and read volitily band in relation to Price Action.
(eg.
1) Long Exit rules said - RSI PL crosses back below the upper Volatility Band to the upside.
2) Short Exit RSI PL crosses back up over the lower Volatility Band.


" The volitility Band is already there in my chart, if you look with care."

S&R lines is also there , Pivot , S & R all there if you really look at my Chart.

Hope you can give me some explaination on it uses and relationshp to PA.

Thank You Again for your help.
  • #1,973
  • May 27, 2012 5:04am May 27, 2012 5:04am
Hello guys i have been using this method for about four weeks and so far so good or so I thought it seems i missed a few things when I read the manual.
One being that if the green tdi line breaks above the blue volatility bands then you should avoid taking a trade but if you are already in a trade then you should consider adding to your position.That does not make sense to me.

It also seems that a trade is less riskier if both the green tdi and the red line is both below 50 what are your thoughts on that?
  • #1,974
  • May 27, 2012 2:14pm May 27, 2012 2:14pm
hi Gibril:

Good questions you ask to get us thinking of the details that are important to loveevy1's method. It might be you picked up someone else's comments about the blue tdi bands. After reading thru my notes I didn't find any mention of the blue tdi bands. In fact, loveevery1 states he doesn't even use tdi anymore after years of training his eyes. I took the blue lines off my chart after your questions helped me realize I pay little attention to them.

Your secong question is interesting. If you take a trade below the yellow tdi line you are getting in earlier but there's no guarentee that the green and red line will cross the yellow line. My experience has been price doesn't move fast until the green line crosses the yellow tdi line and the red line is strongly sloping in the direction of trade either crossing or close to crossing the yellow line. My trading has been excellent waiting on the green line to close accross the yellow line. There are plenty of these to make your daily pips.

If green tdi is far from the yellow line there are usually enough pips to make before it gets to the yellow line but my experience is its risky and probable not worth it. I've had a few losses trying this.

Please go back into history and practice, practice, practice to see what tdi does below the yellow line.

The most important way to evaluate this is using the higher time frames for developing a plan using previous support, resistance, candle patterns as loveevey1 teaches before even needing to look at the tdi.

There are a few experts here that know this method who might comment or loveevery1 might help us answer concisely. I hope he does.

Steve
  • #1,975
  • May 27, 2012 6:18pm May 27, 2012 6:18pm
My apologies Gibril. Did you have a look at the compassfx website? They have lots of videos on the TDI amongst other things. Here is a link to a vid on the volatility bands: http://www.compassfx.com/video/ip/110811/110811.html

Hope I understood you correctly this time


Quoting Gibril
Thank You for your help.

Again, I will rephrase the question.

" How to apply Volitily Band reading in relation to PA ? - it is not so to make the Volitity Band appear in screen . How you read and read volitily band in relation to Price Action.
(eg.
1) Long Exit rules said - RSI PL crosses back below the upper Volatility Band to the upside.
2) Short Exit RSI PL crosses back up over the lower Volatility Band.


[color=red][b]" The volitility Band is already there in my chart,...
The more I learn, the more I realise how little I know...
  • #1,976
  • May 28, 2012 1:49am May 28, 2012 1:49am
Here is todays' take on the E/U:

Looking at the H1 chart, we can see that it has finally managed to close an hour candle above where it had previously been rejecting. The real question is whether or not it can make it through the final wall of resistance at 1.2621, which we see also lines up with the 382 retracement.

LO will be the key to getting it through

EDIT: My bias is actually towards a short, but there might not be enough volatility today due to several bank holidays taking place.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15m.gif Size: 49 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #1,977
  • May 28, 2012 3:09am May 28, 2012 3:09am
Quoting By_Tor2114
Here is todays' take on the E/U:

Looking at the H1 chart, we can see that it has finally managed to close an hour candle above where it had previously been rejecting. The real question is whether or not it can make it through the final wall of resistance at 1.2621, which we see also lines up with the 382 retracement.

LO will be the key to getting it through

EDIT: My bias is actually towards a short, but there might not be enough volatility today due to several bank holidays taking place.
Chalk up another victory for price action analysis
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #1,978
  • May 28, 2012 4:25am May 28, 2012 4:25am
Nice trade today at Eu open! +23 for now!
For me its enough for today!
Hope someone took it as well!
Have a nice day!
Attached Image (click to enlarge)
Click to Enlarge Name: 12.png Size: 219 KB
  • #1,979
  • May 28, 2012 10:34am May 28, 2012 10:34am
Quoting orko_555
Nice trade today at Eu open! +23 for now!
For me its enough for today!
Hope someone took it as well!
Have a nice day!
I did not trade today coz of the holiday...but younailed it...
Let all the living things live blissfully
  • #1,980
  • May 28, 2012 10:45am May 28, 2012 10:45am
Quoting Gibril
Hello guys i have been using this method for about four weeks and so far so good or so I thought it seems i missed a few things when I read the manual.
One being that if the green tdi line breaks above the blue volatility bands then you should avoid taking a trade but if you are already in a trade then you should consider adding to your position.That does not make sense to me.

It also seems that a trade is less riskier if both the green tdi and the red line is both below 50 what are your thoughts on that?
hello Gibril....

Good that you are getting hang of this system.I personally dont use the volatility bands i've never used them.with right practice you should be albe to see what the price is going to do in the next few minutes

practice is the key.if you dont practice none of the things will work..the point here is practice with the minimum and be an expert..instead of practicing with all the indicators and then dropping it one by one.I'm telling you this coz i assume you are a newbie.

SIMPLICITY WILL ALWAYS WORK..

Ask me if you dont understand anything brother
Let all the living things live blissfully
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