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Another simple system - Time-Frame 15

  • #2,561
  • Jun 5, 2012 8:02am Jun 5, 2012 8:02am
See image,, what you think ?
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  • #2,562
  • Jun 5, 2012 8:19am Jun 5, 2012 8:19am
Quoting felipeds
See image,, what you think ?
Compare to 1hour ,
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  • #2,563
  • Jun 5, 2012 8:21am Jun 5, 2012 8:21am
Quoting felipeds
See image,, what you think ?
Watch G7 meeting alot of Talk of Japan be careful
  • #2,564
  • Jun 5, 2012 8:22am Jun 5, 2012 8:22am
Took a long on the EJ for a quick 10 pips. Still learning the system and with all the news floating around I didnt want to stick around a long time in the trade. Two trades this morning for a total of 20 pips. Still trading with a practice account.

Can someone comment on my support and resistance levels? I want to make sure that Im drawing the lines correctly.

Thanks

Shawn
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  • #2,565
  • Jun 5, 2012 8:25am Jun 5, 2012 8:25am
Quoting shawn3245
Took a long on the EJ for a quick 10 pips. Still learning the system and with all the news floating around I didnt want to stick around a long time in the trade. Two trades this morning for a total of 20 pips. Still trading with a practice account.

Can someone comment on my support and resistance levels? I want to make sure that Im drawing the lines correctly.

Thanks

Shawn
I personnally draw my S/R lines an TR lines on 1 hr. chart. Then I use them for set-up and use my 15 chart for entry along with TDI
  • #2,566
  • Jun 5, 2012 8:31am Jun 5, 2012 8:31am
Quoting Gibril
Dear Experience * Expert Traders.

I have question, which really need for your help.

When you open you PC to look at trade oppurtunities, what do you eyeball FIRST. ?

Is it looking at 200EMA above/below PA on 15 mins ?

TDI / MBL position above/below 50 line ?

Divergence from previous day to current ?

Checking LH,LL, HH, HL etc on that squenace ?

Open as many Chart possible and pause at the one fullfill your trade Createria above ?

I have yet to find a opening ritual routine to practice....
Now close to 70
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Let all the living things live blissfully
  • #2,567
  • Jun 5, 2012 8:45am Jun 5, 2012 8:45am
Why I count more than You ? 70 heads

I guess, it's my nature to make most in everything ( including pips)

lol. I guess got this Newbie luck with me.
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  • #2,568
  • Jun 5, 2012 8:51am Jun 5, 2012 8:51am
Quoting Gibril
Why I count more than You ? 70 heads

I guess, it's my nature to make most in everything ( including pips)

lol. I guess got this Newbie luck with me.
No wonder...stay blessed my friend...you make me proud.
Let all the living things live blissfully
  • #2,569
  • Jun 5, 2012 8:54am Jun 5, 2012 8:54am
Watch out 4 this pair M15 divergence spotted
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Let it turn and find your entry.
  • #2,570
  • Jun 5, 2012 9:15am Jun 5, 2012 9:15am
Quoting robincwk
But if the price dun hv enough of momentum, I will take profit/close the position
ok robin.. tks
  • #2,571
  • Jun 5, 2012 9:23am Jun 5, 2012 9:23am
Just because of the news...there was a huge buy and sell on all the pairs and the price is kinda exhausted..almost all the pairs have reached its ADR. i wont trade today. happy pipping to you guys..
Let all the living things live blissfully
  • #2,572
  • Jun 5, 2012 9:25am Jun 5, 2012 9:25am
Quoting Gibril
Set you TP & SL, let it run. Move SL as you go along, watch out it may bite back , must clear that level to confirm

Enjoy life.
Market really will punish Newbie & traders who are not well prepare to commit. Sometimes have to see things in right angle to be successful.

Two hours home run shy of 100 pips ( only bagged 99.8 pips).

Must check with broker why my TP not met by 0.02 pips

Done for the day. I think my other trades are also closing by now meeting their respective TP.

Thank You for having fun today, & all the assistance you gave. We see again in London open.

Hope the the Gee7 already finish their meeting because I've taken their $$$$ while they discussing. lol


Humble Newbie

Gabril
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  • #2,573
  • Jun 5, 2012 9:27am Jun 5, 2012 9:27am
Quoting loveevery1
Just because of the news...there was a huge buy and sell on all the pairs and the price is kinda exhausted..almost all the pairs have reached its ADR. i wont trade today. happy pipping to you guys..
Hv good Rest...and start hunting for pips again tomorrow...

Cheers
  • #2,574
  • Jun 5, 2012 9:59am Jun 5, 2012 9:59am
I see lot of traders are minting money with this method.but watch your greed folks...very important.i know traders who have lost all the money they have made in a span of 6 months in just 2-3 days.be careful.

FOREX is the easy money.it can give and it can also take...

FOREX IS ALL ABOUT KEEPING THE ODDS IN FAVOUR
Let all the living things live blissfully
  • #2,575
  • Jun 5, 2012 9:59am Jun 5, 2012 9:59am
Quoting robincwk
Hv good Rest...and start hunting for pips again tomorrow...

Cheers
SEE YOU MORROW robin.
Let all the living things live blissfully
  • #2,576
  • Edited 10:25am Jun 5, 2012 10:14am | Edited 10:25am
Hello all,


this is Newbie question. Hope anyone can help me to find the answer.
I tried to google, but only to find out : the reason was "News"


Question is.

EU drop approx 120 pips at 09:00 hours
EJ drop approx 120 pips at 09:00 hours.

EU shoot up approx 55 pips at 15:00 hours. Entry with 25 pips SL
EJ shoot up approx 120 pips at 15:00 hours. Entry with 24.5 pips SL.
Why EJ move so much compare to EU only bagged 50% ? If you look at the Chatrs, both set up are identical, but the other moves like F1 car. ??


If they said "News" cause for the movement, I doubt it because everyday we read News - all full of cRAP & lies. But Candles & Charts never lies, especially Weekly & 240 mins.


Is it because of the "News" the herd mentality of Traders can be control and predicted ?


When they Expert traders said, "News" already factor in price before It happened ? Wdat does it mean ?

If they already factor in price with "News" why some price move like wild fire ? I just don't buy that.


Maybe I'm new to Forex or I'm uneducated and couldn't understand when I read the "News" especially from Politician.



When I analyse Chart, I see thing coming - no clue there was J7 or 7G meeting?. Because Chart never lie to you, but " News" does.


This is from the eyes of Young Newbie try to make sense External factor like " News" impact on Price Movement.


Sorry for this stupid question from Newbie. all Experience & Expert traders, hope you v=can help me to find the real reason, because I don't want to follow others who failed just because someone told this & that, and they never question the truth?

Peace To you ALL

Gibril
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  • #2,577
  • Jun 5, 2012 10:23am Jun 5, 2012 10:23am
My account has grown to a considerable amount.Now i trade in double digits,even with just 2 lots..i can live like a king in my country.i never thought in my widest dreams that would make this money.but i thank that almighty "ARUTPERUMJOTHI" for this ....

perhaps i should take a break and go on a spiritual spree for few months.

everything is possible with HIM
Let all the living things live blissfully
  • #2,578
  • Jun 5, 2012 10:32am Jun 5, 2012 10:32am
HI Gibril,

I am also not a great fan of this News stuff. However, I can tell you something from my experience.

News usually does not change the trend of the pair. So, if your trade was with the trend, and with the right stop loss, you should be okay.

Also, if there is news, what I do, is that if it is close to my stop loss, I remove my stop loss. I let the news do its price fluctuation, and may be on a downtrend you may get a news that will drive the pair bullish. I get a better price and sometimes, only sometimes, I add one small lot to rejoin the downtrend.

That is why trading with daily charts are better, because the news effect is not that much when you are in alignment with the daily, weekly, monthly trend.

Most of the news and its fluctuations are CRAP as you said. If news has to change a trend of a pair, no pairs can be trending, because we get news all the time.

Even if there is a fluctuation in price because of the news, most of the time it retraces.

I dont like all these news fluctuations, they are all CRAP and meaningless. I try to trade daily charts as much as I can and this usually is not much affected by the news.

Hope this helps.

thanks
  • #2,579
  • Jun 5, 2012 10:37am Jun 5, 2012 10:37am
Quoting loveevery1
My account has grown to a considerable amount.Now i trade in double digits,even with just 2 lots..i can live like a king in my country.i never thought in my widest dreams that would make this money.but i thank that almighty "ARUTPERUMJOTHI" for this ....

perhaps i should take a break and go on a spiritual spree for few months.

everything is possible with HIM
congratulations..
  • #2,580
  • Jun 5, 2012 10:39am Jun 5, 2012 10:39am
Quoting loveevery1
My account has grown to a considerable amount.Now i trade in double digits,even with just 2 lots..i can live like a king in my country.i never thought in my widest dreams that would make this money.but i thank that almighty "ARUTPERUMJOTHI" for this ....

perhaps i should take a break and go on a spiritual spree for few months.

everything is possible with HIM

Hi Brother,

I've been thinking the same. Maybe after 5 years ( age 30+) because at current speed. I can achieve the amout i want in 3 years.

If you like you can join me, because I;ve been dreaming to do this project for 3 years, but now I m able to raise the fund to start.

I will meet the President asking his assistance for this s[ecial project. It will be able to help relief works, medical , shelter, food and loging.

example to do relief wrok in Japan for Tsunami, Ache, Gaza, Sri Langka ( that your home town ??), Haiti, New Orlean, Turkey and many others happen around the world. Anyone interseted, are welcome to join. I will provide detail later.

Love other human and help them whenver you can.

Sincerely

Gibril
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