Another simple system - Time-Frame 15

Hope guys that all of you are in these awesome trades!!! I just came to my terminal and was really shocked!!! I wish i had placed the trades!

Eu 15m chart;
First vertical line is a foolish losser I took; It was the third tdi signal: the original cross above yellow line, the bounce off yellow line and I took the new cross of this move down. That's too late to be entering and I lost 20 pips. Price was below the 200ema so only looked for shorts.

Second vertical ine is my 2nd entry. It was not a good entry because the red tdi line still sloped upward...wait...wait...wait. Its ok to miss a trade and missing a trade is better than losing 20 stop loss. See next vertical line...

Third vetical line is the correct entry where price below the 200ema; a close below the 10ema, and the 3 tdi lines that are part of this method that loveevery1 teaches are sloped downward close to the yellow tdi; finally the green and red lines are both below the yellow line and crossed.

Closed the trade at the cadetblue horizontal support line from the daily chart. But appears its still dropping; my next level would be the barely visible red dotted line which is the 89 level off the 200ema.

This all started from a nice pinbar from Friday's day chart close and another on the 4 hour chart today whose body was engulfed by the next candle...no brainer there when its low was broken; just hold on for more pips till the next support level.

Au and ucad also followed but their tdi lines on wrong side of yellow line so Eu was best setup today for me. But they scored big anyway also.

Note: blue tdi lines removed. They are not part of loveevery1's method.

This stuff works. Its really quite easy. Psychological elements of trading are hard. Like patience, discipline, a written plan never violated...etc.

I'll always thank loveevery1 for making this possible. Its the best tdi thread ever.

Steve

I took long on AU at 0.9805 for scalp. because RN.TP 10-20 pip
at 10 pip BE

I'm out with 10 pips
thanks LE1 and everybody in this tread I start to see PA
Imi

Good eye Imi; impressive

These kind days happen few times a month...this is where most of the experienced traders lose money...no one is god here..and we cant filter out every trade..

but there is a way to minimize the loss...we have to stop trading after 2 losers.make it a dicipline.i get lot of PMs saying i was able to slowly build my equity but one bad day i lost everything.

so watch out for these days and keep your money management proper

Would the white dotted line of been a valid trade? off of ma's, rn and good slopes and green bounce on tdi. SL above the previous highs.

I think the dashed white line marks a good trade. Later when it retested the 200ema and the tdi lines turned down was an even better trade after the usd news had been absorbed. Just my opinion. Steve

Yes Stevewide, i agree with but it is better not to trade during the news times, but of course in yesterday situation when you see that the price is dropping down and down why not to take some pips. But as per the rules of course the second entry where you told is correct one.

Thank You Steve.

Sorry for late respond because working overtime. (i',m construction labourer) I venture into forex b'cause, at times when there is no work, I could trade. Still learning and to become expert like you and many others in this thread. Hope to make some extra money to buy PC, as I use Cyber Cafe internet & PC to learn trading forex.


One question (a newbie question). how do you get the Buy/close position label in chart posted. I got a standard buy or sell & closed MT4 version which is very confusing at which Candle did I sold.

Thank you for answering my noob question.
I will keep watching your posting and other expert here and read it many times until I m proficient.

Gibril.

My first trade today. My SL & TP is 15 pips. Hope this is the correct entry shown in this thread.

Hope someone will help me by commenting the entry.

Thank you

Hi Gibril
That is a counter trend trade which are more risky & out of LE1's recommended trading times, but correct for a CT trade going towards the 200ma

Julie

Take a look at these and learn

FOREX is the only business in this entire world where you can make money in a second provided you know what to do.Trust me guys its quite easy easy easy....

I thank HIM everyday for showing me to this business.the market keeps repeating itself again and again..

So it seems that we should expect the upper moves

HIi Gibril, I'm long too for some 15 - 20 pips with 10 pips SL
will see if it reaches tp but i've already secured 1 pip! lets wait!
Good luck,
Roman

Not really mate...there was a gap at the same point last year...but this time when the price approached that level.it bounced off.

now see the way it bounced off last year and now..it went little up and now its falling again..it shows sellers are still there..see the last year how it bounced off..it could even break that level.

this is what the chart tells me now...anything can happen in forex..we can take a call based on the POM (price of the moment)

What a mess on the chart today! It's one of those days when it feels like nothing makes sense!

Tor....what happened to the AU trade you took yesterday mate

Ok, I feel like I'm reaching for this, but here's what I'm seeing.

My bias for now is a short on the E/U (There's a surprise!). I'd like to see the price stall at the 50% retracement of the last M15 leg. It's not particularly clean, but you can see there were a number of candles that treated that line as both support and resistance, so it could very well be it will test it as resistance from the underside. Whatever happens, I want to see a small rally a LO before I take a position!

Interestingly, the USD/CHF is making the same move, but from the upside. It looks like it will test a 50% retracement, where it will find support. If it rallies, we will then see the drop in the E/U. This kind of confluence gives me a little more faith!