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Another simple system - Time-Frame 15

  • #2,741
  • Jun 7, 2012 6:12am Jun 7, 2012 6:12am
So that is the reason to view the news calendar, you won't be able to predict the moves that news can cause. even in the above example on aud, as i expected the price broke down the yesterdays highs and was going down to the RN of 0,9900, but you see what these news can cause!

SO this is the LESSON LEARNED from today!!! PAY ATTENTION to the NEWS!!!
  • #2,742
  • Jun 7, 2012 6:30am Jun 7, 2012 6:30am
Quoting Pat Chiko
Continue from above.


Just to remind you that Miss 800EMA and Mr. PA still are not in good term.

This has been going everday for i donnow how many years ??

HOME RUN.

TP right to the pips ! , done for now setup for NYO.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15 mins.gif Size: 34 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,743
  • Jun 7, 2012 6:32am Jun 7, 2012 6:32am
Quoting Pat Chiko
HOME RUN.

TP right to the pips ! , done for now setup for NYO.

Need to hv more practice.... Cheers
  • #2,744
  • Jun 7, 2012 7:03am Jun 7, 2012 7:03am
This is how they do it. ( Note, I didn't take this trade, but lines was done yesterday)

1) Unless you look at HTF ( Landscape) you will have some basic understanding of directions.
2) PA, HH, HL, some part you will see LL, LH.
3) But you have your 60 mins TL drawn much earlier as you bearing.
4) Keep in mind 200EMA is still down there, if you want to do CT, be ready to pull out quickly, bacause you're going against trend.
5) The TWO support line is from 240mins TF. I've a lot more S&R lines but ommit it for better visual.
6) Always, remember, when the price start to move down toward Support, you must be ready to buy. But most of the time traders are busy selling for small pull back, until they forgotton there is a major Support waiting.
7) This is why ppl say trade with trend, but ppl do take CT for quick pips, but must know whrn to walk away ( with or without profit).
8) I do take CT sometimes, when seeing it's long way from support. Repeat of yesterday note "
"Remember that you want to take short trades when price is close to resistance and long trades when price is near support."
Whenever you want to do CT, think again or think opposite ( Pull back can be oppurtunity to make quick small pips, but if they bite you, it's really deep.
All the best. Take care. & draw a lot of lines

PAT
Attached Image (click to enlarge)
Click to Enlarge Name: au 15mins.gif Size: 185 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,745
  • Jun 7, 2012 7:10am Jun 7, 2012 7:10am
thank you Pat. I learned alot from that last chart. Steve

Question: Did you draw those two 240 minute trendlines from the low of the current candle and the low of two candles back? I'm asking how you determine where to draw your lines. Thanks.
  • #2,746
  • Jun 7, 2012 7:14am Jun 7, 2012 7:14am
Quoting Pat Chiko
This is how they do it. ( Note, I didn't take this trade, but lines was done yesterday)

1) Unless you look at HTF ( Landscape) you will have some basic understanding of directions.
2) PA, HH, HL, some part you will see LL, LH.
3) But you have your 60 mins TL drawn much earlier as you bearing.
4) Keep in mind 200EMA is still down there, if you want to do CT, be ready to pull out quickly, bacause you're going against trend.
5) The TWO support line is from 240mins TF. I've a lot more S&R lines but ommit it for better visual.
6) Always, remember,...
Thank you Pat!
Great work!!
  • #2,747
  • Jun 7, 2012 7:21am Jun 7, 2012 7:21am
thank you for your effort to teach us.



Quoting Pat Chiko
This is how they do it. ( Note, I didn't take this trade, but lines was done yesterday)

1) Unless you look at HTF ( Landscape) you will have some basic understanding of directions.
2) PA, HH, HL, some part you will see LL, LH.
3) But you have your 60 mins TL drawn much earlier as you bearing.
4) Keep in mind 200EMA is still down there, if you want to do CT, be ready to pull out quickly, bacause you're going against trend.
5) The TWO support line is from 240mins TF. I've a lot more S&R lines but ommit it for better visual.
6) Always, remember,...
  • #2,748
  • Jun 7, 2012 7:31am Jun 7, 2012 7:31am
Quoting Pat Chiko
For today lesson, I'm not giving you fish, but am giving you a fishing net ( so we can catch much more pips compare to fishing rod).

Here we go. From this 60MTF, go step up and few step down to see all the set up , draw all SR, and fill in the blank, what PA is preparing now ? EJ. same with AUD


PAT

This EJ pair. all you have to do , just wait, don't get excited by pull back, ( trying to do CT) unless you know when to walk away. If not just stay with what 200EMA is telling you, with TDI giving the detail when to go in and when to go out.

This is less stressful, and if you just follow 200EMA rules with TDI, you walk away with 50 pips minimum ( with straight forward trade.

Please Look at 200EMA, and TDI, that's all 50 pips for 2 trades. ???

This is the faudemantal of Arjun's System. It's designed for DAY TRADERS . If any of you are SWING TRADERs, please ignore this posting and all my posting. They are meant for DAY TRADERS only.

Take it easy ok, and take care of your account. Target 30 pips a day, once youre consistence, go for bigger lot.

PAT
Attached Image (click to enlarge)
Click to Enlarge Name: ej 15 mins.gif Size: 243 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,749
  • Jun 7, 2012 7:34am Jun 7, 2012 7:34am
Good morning people,

As per your request Pat I have uploaded two charts. I went long EU for a quick 10 pips this morning. The reason for this was that the price broke through one of the resistance levels and the TDI was giving a buy signal. I bought where the blue line is pointing at the candle.

Now look at the chart. The last close candle was an inverted hammer. The reason not to go short with this candle was because the TDI isnt giving a sell signal yet. Looks like a fanky to me!

I also posted a 4h chart (240 min) for review to see if Im placing the support and resistance levels in the right place.

Shawn
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu long.jpg Size: 206 KB
Click to Enlarge Name: support and resistance.jpg Size: 219 KB
  • #2,750
  • Jun 7, 2012 7:41am Jun 7, 2012 7:41am
Quoting robincwk
Need to hv more practice.... Cheers

I give you a hint.

Draw as many lines support etc to your Chart.

now compare that with you TDI status.

If your lines say go up, but TDI say SELL ? which one you listen ?

Assuming after all the lines and SR are drawn, TDI. EMA200, 800, 10 say oppsite of what you see, STAND DOWN, because sometimes market pause, and some minor PULL BACK to lure small fish into the net.

Go for coffee or watch footbal, you wont miss anything by doing that.

It will be clearer once you come back to your trading monitor.

dont try to create trade, let it show you. Look at TDI if you're not sure, eventough it's lagging. but it give you the confidence to HIT the button.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,751
  • Jun 7, 2012 7:51am Jun 7, 2012 7:51am
Quoting shawn3245
Good morning people,

As per your request Pat I have uploaded two charts. I went long EU for a quick 10 pips this morning. The reason for this was that the price broke through one of the resistance levels and the TDI was giving a buy signal. I bought where the blue line is pointing at the candle.

Now look at the chart. The last close candle was an inverted hammer. The reason not to go short with this candle was because the TDI isnt giving a sell signal yet. Looks like a fanky to me!

I also posted a 4h chart (240 min) for review to see if Im...
good Set up Shawn,

you got all your ammo ready. Stick to this rules, but watch 200EMA and TDI, you will never go wrong.

PAT

S& R is an ART, as I said yesterday. Sometimes it connect to daily Pivot, S1S2S3R1R2R3 etc, sometimes it connect to your Long Term TL. It's not exact Science.

But when SR meet with others like TL ( loook at my example given to AU, EJ) , it will burst with energy.

AU - LT Support meet LT Trendline, PA didnt even touch it, just blast away.

EJ, first trade PA are romancibf the Major Support. ( this trap to go short - unless you know youre seating on support!)

With Major TL still far at the bottom for EJ. , no reason to go short ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,752
  • Jun 7, 2012 7:58am Jun 7, 2012 7:58am
Quoting stevewide
thank you Pat. I learned alot from that last chart. Steve

Question: Did you draw those two 240 minute trendlines from the low of the current candle and the low of two candles back? I'm asking how you determine where to draw your lines. Thanks.
Is an art form to connect two dot, better still if you can find three dot to connect, because they are more reliable.

you;ve to practice and eventually, Wollllaaaaa. You know you got it.

remember TL. SR are knowing where PA is going and to test levels, once all lines SR line up, look at you TDI, it really help ( dont forget 200EMA and watch out when Miss 800EMA get angry with Mr PA).

Take Care Steve.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,753
  • Jun 7, 2012 8:10am Jun 7, 2012 8:10am
Feeling the warmth on my forehead. Soon smoked started to come out from my ears. Ok i try to digest it slowly. I am sorry if i am a slow learner. But i hope given time i could be visualy incline to see those signal in the charts.
  • #2,754
  • Jun 7, 2012 8:15am Jun 7, 2012 8:15am
I need to do some more research on trend lines and how to draw them. Im guessing this will all come in time.

This morning I didnt look at the 200 ema at all my bad. Trade long above the 200 ema and go short below the 200 ema. Now that I said the rule hopefully Ill remember that now.
Look at the 15 min EU chart with TWO inverted hammers and the price just shot up. The 200 EMA would have kept people from going short and getting stopped out in this trade.



Shawn
Quoting Pat Chiko
good Set up Shawn,

you got all your ammo ready. Stick to this rules, but watch 200EMA and TDI, you will never go wrong.

PAT
S& R is an ART, as I said yesterday. Sometimes it connect to daily Pivot, S1S2S3R1R2R3 etc, sometimes it connect to your Long Term TL. It's not exact Science.

But when SR meet with others like TL ( loook at my example given to AU, EJ) , it will burst with energy.

AU - LT Support meet LT Trendline, PA didnt even touch it, just blast away.

EJ, first trade PA are romancibf the Major Support. ( this trap to go short -...
  • #2,755
  • Edited 8:39am Jun 7, 2012 8:17am | Edited 8:39am
Assuming you miss you first train on EJ, she went up. don't chase her. Coz she will come back ( pull back.) (someone did cry just now because SL hit.! My suggestion, nest time instead of crying, focus on the PA, because it's not going to continue to shoot to the moon, it will do normal ritual , is pull back - hop on that train, sometimes gives you better milage than the first run.

Once price move you draw lines from bottom of screen ( connect the low turn that you just missed). That is the orange lines we see now.

Than you draw Flaf for the pull back. Break of that pull back line ( Aqua), look at TDI ( MBL above 50 ?, Green cross RED ? . forget about 200EMA coz you already know 200 is down there.

If TDI say go the execute LONG here.

And don't forget to train your eyes to waych other things that, you know this 100% sure trade to your favour. ( Don't say Support because I ommit those lines). Give me other acceptable sign.

This just pure analysis based on what you see on screen.


P/s This the same thing happened to GU. If anyone really want to preactice, please post chart and expalin what you see - by doing this it will improve your skills.

NOTE : Since the owner of this Thread is not around, can we have a Party now ?????
Attached Image (click to enlarge)
Click to Enlarge Name: ej 15 mins.gif Size: 33 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,756
  • Jun 7, 2012 8:25am Jun 7, 2012 8:25am
Quoting shawn3245
I need to do some more research on trend lines and how to draw them. Im guessing this will all come in time.

This morning I didnt look at the 200 ema at all my bad. Trade long above the 200 ema and go short below the 200 ema. Now that I said the rule hopefully Ill remember that now.
Look at the 15 min EU chart with TWO inverted hammers and the price just shot up. The 200 EMA would have kept people from going short and getting stopped out in this trade.



Shawn

Shawn,

help me with this one.

How or when you know EJ run will come to an end. What is the sign.

Open 240m chart, then comment what you see. (Reversal soon ?)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,757
  • Jun 7, 2012 8:27am Jun 7, 2012 8:27am
Just booked another 10 pips on EU. The reason for the long trade was A) above the 10 EMA B) the PA was above support and C) the TDI was calling for a long. No chart for this trade

Shawn
  • #2,758
  • Jun 7, 2012 8:28am Jun 7, 2012 8:28am
Give me a little time to look at this and ill get back to you. Im still moving slow after surgery and I have to feed my son.

Dont give up on me

Shawn

Quoting Pat Chiko
Shawn,

help me with this one.

How or when you know EJ run will come to an end. What is the sign.

Open 240m chart, then comment what you see. (Reversal soon ?)
  • #2,759
  • Jun 7, 2012 8:31am Jun 7, 2012 8:31am
Quoting JefianceTen
Feeling the warmth on my forehead. Soon smoked started to come out from my ears. Ok i try to digest it slowly. I am sorry if i am a slow learner. But i hope given time i could be visualy incline to see those signal in the charts.

No worries,

if you missed the first train, just wait for the second one. don't have to cry when missed the first EJ train, just look at the second train. Much faster and run longer. Every action there is reaction !

You choose to stop, after being slap by EJ. Instead, stare back at her, and draw lines on her face, watch TDI to assist you. You will get that trade.
It's not reverenge it's reaction of her action. Done
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2,760
  • Jun 7, 2012 8:39am Jun 7, 2012 8:39am
Ok Here is why the EJ is going lower soon.

As per the 4 hour chart the TDI is over 68 which is screeming sell. Another sign is that the PA is sitting right at the resistance level which isnt a good sign to continue higher. Another signal that is coming into play is that the 200 EMA is getting closer as well.

This is just a quick look so if Im missing something let me know

Shawn
Quoting Pat Chiko
Shawn,

help me with this one.

How or when you know EJ run will come to an end. What is the sign.

Open 240m chart, then comment what you see. (Reversal soon ?)
Attached Image (click to enlarge)
Click to Enlarge Name: ej reversal chart.jpg Size: 221 KB
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