Another simple system - Time-Frame 15 | Page 119 | Forex Factory

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Another simple system - Time-Frame 15

  • #2,361
  • Jun 4, 2012 4:39am Jun 4, 2012 4:39am
Quoting xremmy
Here is my first trade for today. it went down for 14pips but it has lost steam. still holding it though. will move sl to BE asap. There is no momentum this morning. missed the long move on eurusd at LO.

Attachment
Hi, UK having holidays for today & tomorrow. That is the reason of no momentum. May be NYO price will move.
  • #2,362
  • Jun 4, 2012 4:58am Jun 4, 2012 4:58am
Quoting Tal Darchevi
SORRY guys but you really miss understand my question
All i wanted to know is is the strategy preduce 1 trade a day? 2 trades? 50 trades?
since im looking to make money on one hand , but im also looking for a system that will be more inter day scalping like.

i hope now you understand my question better.

i really dont need a statment proof, just wanted to know on avarge on a year baysis how many trades has been done.

hope i didnt afended any one.

Good day
I do not mean to sound rude or mean but the answer to your question can only come from you not the owner or starter of the strategy or thread.
If you diligently do the back testing following the prescribed approach, you will be able to make up your mind for yourself if this is the ideal strategy for you.
The truth about forex is that all systems and strategies WORK BUT NOT ALL THE TIME.
The work for you my friend is to back test for yourself on your currency pair of choice and come up with a win ratio that is appealing to you.

Personally I did my back test and I'm still back testing and I'm seeing new things everyday, so as you do back test your confidence grows and your decision to trade with a particular strategy or approach becomes YOUR OWN not someone else's recommendation.
So please bend down and do the work I did and I'm loving the results.
Let it turn and find your entry.
  • #2,363
  • Jun 4, 2012 5:09am Jun 4, 2012 5:09am
Quoting Tradertpl
Hi, UK having holidays for today & tomorrow. That is the reason of no momentum. May be NYO price will move.
yes thats why i closed my mt4
Let all the living things live blissfully
  • #2,364
  • Edited 5:40am Jun 4, 2012 5:25am | Edited 5:40am
GU, broken last week trendline? (RED bottom line is Last week low)

Possible for up later in NYO.

Meanwhile, she prefer to stay in the Green Box.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 60 mins.gif Size: 25 KB
We are in control of our destiny but have no control over our fate.
  • #2,365
  • Jun 4, 2012 5:34am Jun 4, 2012 5:34am
Quoting omarjazaeri
this is my first trade for today
i have shorted the gbpusd.
any one with me???
No, it's a dinky little candle and the yellow tdi line is rising. I think your tdi is a different ver to mine, but you can still see it's rising. When you have all three tdi lines heading in the same direction the trade signals are alot stronger.
  • #2,366
  • Jun 4, 2012 5:34am Jun 4, 2012 5:34am
Volitility is narrowing..

Look at blue Band.
The Pink trendline, is New 60 mins TL, created, but will be adjysting it later as GU pull back in preperation for NYO.

While waiting for Trade, I suggest, you go thro HTF Chart, draw few lines here and there and try to make kind of assumption.
Share it here for others to see and comments ,so we could learn from each others.

Green Box was created when the market opened.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15 mins.gif Size: 26 KB
We are in control of our destiny but have no control over our fate.
  • #2,367
  • Edited 6:06am Jun 4, 2012 5:38am | Edited 6:06am
Quoting Flaviu1981
Hi loveevery1! Where do you see e/u today?
Hi Flaviu,

Draw lines in rhe Chart for HTF, then draw to STF ( should be LTF !), make assumption, the post it, WE share your view and lets be positve about it.

After all , we are here for "Trade-Learning". I mean Peace, because I care .
We are in control of our destiny but have no control over our fate.
  • #2,368
  • Edited 5:58am Jun 4, 2012 5:46am | Edited 5:58am
AU 240 mins display very strong up move after the early morning pull back .

Now testing opening price and RN
Attached Image (click to enlarge)
Click to Enlarge Name: au 240 mins.gif Size: 27 KB
We are in control of our destiny but have no control over our fate.
  • #2,369
  • Jun 4, 2012 5:53am Jun 4, 2012 5:53am
Quoting matlobien
" Your goal shouldn't be to find a profitable system, it should be to find profitable people, learn from their profitability and then tailor a profitable system to fit your situation."

This is how I did it.

The classic copycat.

It took me 10 years, so dont be in a hurry.

Never ever give up. If you really want it, you will get it.

I feel your pain that you have been thru. years here with no profits till this thread. Praise Him for my patiently finding this wonderful group of winning traders to learn from. Steve
  • #2,370
  • Jun 4, 2012 5:57am Jun 4, 2012 5:57am
Will it pull back to Pink Rectengle Are ( I haven't extended that line yet, to have clear visibility of PA on current candles)

Will is go back to orange line ? New TL set today ?Or will fall below to the Blue Dotted lines ( Last Week TL)

Will RED & Green TDI go and blast 68 area and go to 100 ?
Attached Image (click to enlarge)
Click to Enlarge Name: au 60 mins.gif Size: 36 KB
We are in control of our destiny but have no control over our fate.
  • #2,371
  • Jun 4, 2012 6:01am Jun 4, 2012 6:01am
Boys, forgive my typing, its horrible today.

Need to go for manicure and pedicure , for allingment.

Girls are very expensive to maintain.

Again, bear with my typing ( finger nail got stuvk in key board.)
We are in control of our destiny but have no control over our fate.
  • #2,372
  • Edited 6:23am Jun 4, 2012 6:13am | Edited 6:23am
Quoting Assange
Boys, forgive my typing, its horrible today.

Need to go for manicure and pedicure , for allingment.

Girls are very expensive to maintain.

Again, bear with my typing ( finger nail got stuvk in key board.)
never mind just keep doing what you do. it is very helpfull

thx imi
If you're going through hell, keep going. Winston Churchill
  • #2,373
  • Jun 4, 2012 6:32am Jun 4, 2012 6:32am
Hello everyone,

Sorry about not being active in the thread. Between having our first child, selling our condo and moving, trying to build a new home, and having gallbladder surgery I have been quite busy!

I have read the entire thread which took a lot of time. There is a lot of really good information but there seems to be a few problems. After reading everything it seems like everyone has their own spin on the system which makes it very confusing. I think what my plan is right now is to try and follow a few of you and ask questions along the way.

Assange you talk about drawing lines on the charts can you briefly explain why or what the reasoning is for this?

One of the major problems that Im going to have with this system is that Im in the US and getting up at 2 am to trade isnt going to work for me. I read some place in the thread that some people are trading the Asian open. Has anyone had any good luck with trading the Asian open and if so what pairs are being traded.

Ill be around more and will add comments. Thanks everyone for your posts

Shawn
  • #2,374
  • Jun 4, 2012 6:34am Jun 4, 2012 6:34am
Maybe for NYO I will watch 1.536XX area ( black lines middle of Green box. meeting with New Trendline. 200EMA just above.

If that black line hold, we consider Long, if failed , next Support will be bottom of Green Box ( just above RN)

Note : I've made adjustment to Green box, as Price move (PA change to landscape).
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15 mins.gif Size: 28 KB
We are in control of our destiny but have no control over our fate.
  • #2,375
  • Jun 4, 2012 6:38am Jun 4, 2012 6:38am
I was scanning a few setups and was thinking that the GU might be a good short depending on how this current candle closes. So far it looks good to me. Anyone want to tell me if Im on the right track?

Thanks

Shawn
  • #2,376
  • Jun 4, 2012 6:39am Jun 4, 2012 6:39am
The black line is not signal to buy. It's marking of SR ( mean area - between Resistence & Support).

1.53609 area should be interesting. Wait for RED TDI to show the way.
We are in control of our destiny but have no control over our fate.
  • #2,377
  • Jun 4, 2012 6:41am Jun 4, 2012 6:41am
Quoting shawn3245
I was scanning a few setups and was thinking that the GU might be a good short depending on how this current candle closes. So far it looks good to me. Anyone want to tell me if Im on the right track?

Thanks

Shawn
Hi Shawn,

A Sinple Chart will help me underatnd what you see. Because we see things differently at different times.

Because you might be right. ?
We are in control of our destiny but have no control over our fate.
  • #2,378
  • Jun 4, 2012 6:46am Jun 4, 2012 6:46am
Thix is my new box now. Im still waiting to REDD TDI to respond.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15 mins.gif Size: 28 KB
We are in control of our destiny but have no control over our fate.
  • #2,379
  • Jun 4, 2012 6:47am Jun 4, 2012 6:47am
Here is a pic of the chart that I was looking at. The reasoning for the short was because the price dropped below the 10 movinge average and the yellow TDI line was slopping down.

Shawn
Attached Image (click to enlarge)
Click to Enlarge Name: gu short.jpg Size: 213 KB
  • #2,380
  • Jun 4, 2012 6:49am Jun 4, 2012 6:49am
Quoting shawn3245
Hello everyone,


Assange you talk about drawing lines on the charts can you briefly explain why or what the reasoning is for this?


Shawn
Hi Shawn,

look to your left and find SR . confluence area. This is basic of chart reading . Please refer to -may help you.
http://www.babypips.com/school/suppo...esistance.html
We are in control of our destiny but have no control over our fate.
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