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Another simple system - Time-Frame 15

  • #3,441
  • Jul 6, 2012 3:21am Jul 6, 2012 3:21am
Hey mate,

the EA is not my work i just linked to the creator - people can judge whether they like it or not.

Just thought its good for newbies (like me) to have a tool to control trades without emotions
  • #3,442
  • Jul 6, 2012 3:53am Jul 6, 2012 3:53am
Quoting Faramirsen
Hey everybody -

just for people who have problems handling their emotions after they decided to take a trade.

I am using an EA to manage my trade and I have good experiences with it - so it might also be of interest for you.

You can configure it to TP inBatches and trail prices etc. Its really helpful as it does everything for you.

The EA is called CaveManager (v. 1.41) and can be found in the following Thread:


http://www.forexfactory.com/showthre...67#post3677367


[b]TEST IN ON DEMO BEFORE YOU WANT...
If you have a post trade EA to manage my patience and dicipline id be interested ;-) ........ joking aside ive been trading for 2 months on Demo account and the biggest issue i have ( currently know i have ) is with patience and discipline.

ie entering early for fear of missing out or missing a set up you have invested time in analysis then jumping in after the horse has bolted.

Dont get me wrong on review of my 2 months trading i am getting better by waiting for pull back etc but my question is ......

Is this something that you just have to consiously work on and over time / market experiance you gain a more relaxed physocogical approach due to an understanding that theres always another trade to catch etc or is there any other approaches that are useful ?
Steadfastness is held above all success
  • #3,443
  • Jul 6, 2012 4:00am Jul 6, 2012 4:00am
Quoting Faramirsen
I am Short in Cable - however have a tight SL! Its a bit risky....


SL = 13
TP 15


EDIT: IT IT MY TP

Hi Faramirsen,

I'm not writting to disrespect your opinion, because opinions are like ass holes...everyone has one.

With the above trade you've taken, It proves, that I don't need to check your EA called CaveManager (v. 1.41). Your entry is just wrong,

Is the worse you've taken the trade and try to force an entry. It is either right or wrong ( gambling)

No EA can analysis a single pairs or impposible to do it many. The only things we do here is we PLAN for each trade. It is this pre-planing which will make us a good trader. plus never forget to have more than one level chosen as the next one is always better than the first.

I'm writting this because out of my respect to the Owner of this thread ( Master Arjun). Please don't bring something that don't belong here, as much as you wish everyone else not to bring unwanted things into your house.

Please look at the Chart attached. your EA just cannot beat Arjun system. ( not a Holy Grail, but "baby grail" ,lol.)

Simple, in this thread , we have an edge to think differently. If we don’t, we will trade like everyone else, and most people lose money so hopefully that is not an option for you and me.
Thank You for your kind understanding.

Peace.

Pat Chiko



Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp 15mins.gif Size: 170 KB
Click to Enlarge Name: gbp 60mins.gif Size: 149 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,444
  • Jul 6, 2012 4:03am Jul 6, 2012 4:03am
Quoting goochie
Lets see what happens.

Peace Profound
This what actually happened .....

Had 3 trades ....

1. 20 pips Trend trade

2. Flat - Bounce trade, regretted being in this as no momentum and very risky / greedy.

3. 20+ pips Trend trade

Although the glass is not half full as my AUDUSD posted loss of 40 pips due to CT fail, lack of discipline and fundamentally having to much attachment to analysis opposed to ongoing PA analysis.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPActual2.png Size: 92 KB
Steadfastness is held above all success
  • #3,445
  • Jul 6, 2012 4:12am Jul 6, 2012 4:12am
Quoting Pat Chiko
Hi Faramirsen,

I'm not writting to disrespect your opinion, because opinions are like ass holes...everyone has one.

With the above trade you've taken, It proves, that I don't need to check your EA called CaveManager (v. 1.41). Your entry is just wrong,

[color=black][font=Verdana][color=black][font=Verdana]Is the worse you've taken the trade and try to force an entry....
Hey,

relax.

Its not an EA which does a trade for you or anything. Read exactly what I wrote:

1) Its a risky trade - so work with tight SL / TP. For me the Trade worked. It was just the momentum - I also stated it was a risky trade - so calm down.

2) The EA manages your trade after you MADE the decision. Just read carefully before you accuse people. As you can see also other member have problems with managing emoitions AFTER taking a trade. I personally do that still - so I searched for a Trade Manager.

Peace
  • #3,446
  • Jul 6, 2012 4:14am Jul 6, 2012 4:14am
Quoting goochie
I am starting to notice these patterns more often ie the bounce off of the day 10 EMA. I see a lot of correlation between the 15min 800 EMA and i think this is what Pat was hinting at with regards to PA scram and you yourself have mentioned it many times.

Will back test over weekend and see what find ..

Just seems that there are to many things i am consciously incompetent at opposed to the things i am sub consciously competent at.

Hi goochie,


That's not a hint, but to bring attention/ interest to others so as to paying a bit more attention to Arjun's system details.

Because, in life, we take things for granted what's presented in front of us ( especially it's free). Until it's gone.

This system is well thought, and you can see there is living proof in this thread, somone during well. It seems like if you can learn from your mistakes and not repeat them day after day, there is no reason you can't achieve incredible success in trading.

wish you all the best with your back testing and notes.


Have a wonderful day.


Peace & blessed.

Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,447
  • Jul 6, 2012 4:44am Jul 6, 2012 4:44am
Quoting Faramirsen
Hey,

relax.

Its not an EA which does a trade for you or anything. Read exactly what I wrote:

1) Its a risky trade - so work with tight SL / TP. For me the Trade worked. It was just the momentum - I also stated it was a risky trade - so calm down.

2) The EA manages your trade after you MADE the decision. Just read carefully before you accuse people. As you can see also other member have problems with managing emoitions AFTER taking a trade. I personally do that still - so I searched for a Trade Manager.

Peace

Hi Faramirsen


"1) Its a risky trade - so work with tight SL / TP. For me the Trade worked. It was just the momentum - I also stated it was a risky trade - so calm down." Show me the momentum , where, which candle, what level ???
( you're focing the trade man !)

Note for your GBP trade earlier :
(if you are taking your cues from PA - those areas it drops down a bit before proceeding higher - all are potential entry points. They are some of the clues that PA is giving us that it is heading higher.) this is Arjun notes , I copy !!!

"1) Its a risky trade - so work with tight SL / TP. For me the Trade worked. It was just the momentum - I also stated it was a risky trade - so calm down."

"Sorry Bro, in here we don't call that risk, it's just pure gambling or better toss a coin" Arjun never had allowed any members here to take that kind of trade, so better not to confuse new traders in here with that trade called "risky" Let them try to learn the proper Arjun's ways.

"1) Its a risky trade - so work with tight SL / TP. For me the Trade worked. It was just the momentum - I also stated it was a risky trade - so calm down."

This's the Best part is I'm always calm. Long story short. Keep it basic, always look to understand the cause then the effect. (not effect then cause! lol )Live your life like that and you'll be alright.


2) The EA manages your trade after you MADE the decision. Just read carefully before you accuse people. As you can see also other member have problems with managing emoitions AFTER taking a trade. I personally do that still - so I searched for a Trade Manager.

Yeah, you're right, burnt the building down then call Fire Fighter to kill the fire you've started. "cause then the effect. "(not effect then cause! lol )

2) The EA manages your trade after you MADE the decision. Just read carefully before you accuse people. As you can see also other member have problems with managing emoitions AFTER taking a trade. I personally do that still - so I searched for a Trade Manager.

I never accuse you of anything, I suggest just creat a new thread, that will definitly resolve issues. You've proven that EA worked well with the GBP/USD trade jsut now, enough for everyone here to be the judge. I rest my case

2) The EA manages your trade after you MADE the decision. Just read carefully before you accuse people. As you can see also other member have problems with managing emoitions AFTER taking a trade. I personally do that still - so I searched for a Trade Manager.

Master Arjun said " manage emotion BEFORE taking the Trade, patience, patience, patience". In here we don't have any control after taking trades, (SL is there to take care of the trades) Read the thread again.

Eventually your EA will prevent us from taking responsibility for our trades decisions, which can cause us to walk in circles.


Wise words from Assage "We are in control of our destiny but have no control over our fate."

Good luck too you with your new EA thread and i wish you much success.


Peace & Stay Blessed


Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,448
  • Jul 6, 2012 4:46am Jul 6, 2012 4:46am
[quote=Pat Chiko;5819081]

That's not a hint, but to bring attention/ interest to others so as to paying a bit more attention to Arjun's system details.


Hi Pat very much appreciate what you guys Arjun, Pat Chiko, Assange and Gibril are doing and am on message with how you guys are going about the task of transfering knowledge / wisdom.

As the more thinking / visualising / reflecting ones has to do on a task the more efficiently you can become subconsciously competant.

"Mistakes are just un yet reliased success's" ;-)

Peace Profound
Steadfastness is held above all success
  • #3,449
  • Jul 6, 2012 4:57am Jul 6, 2012 4:57am
[quote=goochie;5819155]
Quoting Pat Chiko

That's not a hint, but to bring attention/ interest to others so as to paying a bit more attention to Arjun's system details.


Hi Pat very much appreciate what you guys Arjun, Pat Chiko, Assange and Gibril are doing and am on message with how you guys are going about the task of transfering knowledge / wisdom.

As the more thinking / visualising / reflecting ones has to do on a task the more efficiently you can become subconsciously competant.

"Mistakes are just un yet reliased success's" ;-)

Peace Profound

Brother.

in this house we take care of others so we don't tripped.

English is not my prime language, but I can write in Arabic fluently if you want to ? .....lol ,ah ha ha ha

Take care, today big numbers are coming out.

AUD/USD 4hrs, trying tto go below weekly Supply/Demad area. Find 1.2.3 formation of 15 mins and PA to confirm.


Peace


PAT ( Price Action Trading ) Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,450
  • Jul 6, 2012 5:07am Jul 6, 2012 5:07am
AU 240mins TF
Attached Image (click to enlarge)
Click to Enlarge Name: au 240 mins.gif Size: 218 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,451
  • Jul 6, 2012 5:10am Jul 6, 2012 5:10am
Quoting Pat Chiko
Hi Faramirsen


"1) Its a risky trade - so work with tight SL / TP. For me the Trade worked. It was just the momentum - I also stated it was a risky trade - so calm down." Show me the momentum , where, which candle, what level ???
( you're focing the trade man !)

Note for your GBP trade earlier :
[color=black][font=Verdana][color=red][b][color=black](if you are taking your cues from...
Hey Pat,

I am new to Forex (as you can see). I trying to learn as much - I had successful trades with the system = ARJUNs SYSTEM - so its all good - we are all in the same boat.

what I am trying to illustrate:

1) As I am new to Forex I still tend to close a trade too early / late (e.g. just a pullback, retracement.

So I looked for a tool who manages my trade after I have made a decision (whether the decision above was right or wrong is easy to say after you actually see the PA) Probably my judgement of taking the trade was wrong - which is normal as I am new to Forex. However exactly that is were the tool above kicks in: The PA went into my favor for 15 pips and then it automatically put my trade on BE (and I do not have to do it manually) - so i was on the safe side. It also took profit.

For me as a beginner it is important to have a tool which supports me in in securing pips because i do not have enough experience in general market movements. Thats what I am trying to learn - and in between this tool supports me.

Anyway lets drop this and see what the market has to offer today - yesterday was a good day (+55 PIPS) following the basic rules from POST 1 !
  • #3,452
  • Jul 6, 2012 5:15am Jul 6, 2012 5:15am
Only take high probability trade. Illustration of the trade.

All HTF line up, lokk for 15MTF, 1,2,3. You rearly go wrong with this.



Peace


Pat Chiko
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15 mins.gif Size: 155 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,453
  • Jul 6, 2012 5:27am Jul 6, 2012 5:27am
Quoting Faramirsen
Hey Pat,

I am new to Forex (as you can see). I trying to learn as much - I had successful trades with the system = ARJUNs SYSTEM - so its all good - we are all in the same boat.

what I am trying to illustrate:

1) As I am new to Forex I still tend to close a trade too early / late (e.g. just a pullback, retracement.

So I looked for a tool who manages my trade after I have made a decision (whether the decision above was right or wrong is easy to say after you actually see the PA) Probably my judgement of taking the trade was wrong - which...


Hi Faramirsen,

I don't own this house, it belong to Arjun.

I'm just a gate keeper, a butler to assist when Master is not around.

You may politely ask his permission to bring new things into this house. I don't have the authority to grant/deny you the permission.

Hope you understand that. I want to concentrate in helping others to getting better understanding in Arjun's method.

Please PM, email, tweet, facebook or call him for permission. I'm okey with that.

Bit distracted by all this unrelated post, need my space to focus helping others here to learn to trade,.


Just ask the Owner, please......


Thank You


Peace

Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,454
  • Jul 6, 2012 5:38am Jul 6, 2012 5:38am
Girls,

post your chart and concern so we can analyse it together, and wuth your thought in the pairs ou've posted ( not important it's right or wrong).

We can learn from each other, as The Master are not here everyday, so do I Assange & Gibril..

The only way to learn is to ask and post what you see.

We are not to BASH people when they're wrong. I personally will assist in any way I can, If I cannot answer, I will forward it to Master for help.

Peace


PAT CHIKO
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,455
  • Jul 6, 2012 6:26am Jul 6, 2012 6:26am
What you guys think of EUR / AUD?

Maybe short after the break of the BN?
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud.jpg Size: 118 KB
  • #3,456
  • Jul 6, 2012 6:31am Jul 6, 2012 6:31am
Hi all,

Patience in trading is something that we are all need to learn. ( not entry or exit)

Usually new/old traders find the urge to force a trade without knowing it.

Often we see problem by nue traders taking short breaks away from the computer and thrn consitently looking for trades to get into right away.

Always remember the market is never wrong, the market does not care what position that you have or have just lost or won, the market will do what the market will do. Wait fro proper set up and ride it till it reach your TP (stop).

If you have patience enough you may see many more opportunities will present, and it's so easy to see with Arjun's method.


I would expect much of the same from today sessions with probably a tighter range area leading up to the News later.


Preace

Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,457
  • Jul 6, 2012 6:35am Jul 6, 2012 6:35am
Top down ways to analyse Chart.

I will explain later if got time.

This is how to see set up. ( don;t open ONE single chart and analyse it, without knowing bigger pictures,


PAT CHIKO
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au 240 mins.gif Size: 112 KB
Click to Enlarge Name: au 60 mins.gif Size: 122 KB
Click to Enlarge Name: au 15 mins.gif Size: 151 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,458
  • Jul 6, 2012 7:05am Jul 6, 2012 7:05am
Quoting Faramirsen
What you guys think of EUR / AUD?

Maybe short after the break of the BN?


Hi Faramirsen,


I don't trade this pair, but my 2 cents.

Really I don't know where it go after this, but I attached chart and comment from what I see, not speculate.


Peace

Pat Chiko



P/S " Maybe short after the break of the BN" May I know why you want to short after RN ? and where is the TP is, ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ea weekly.gif Size: 126 KB
Click to Enlarge Name: ea hourly.gif Size: 106 KB
Click to Enlarge Name: ea 15 mins.gif Size: 170 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,459
  • Jul 6, 2012 8:20am Jul 6, 2012 8:20am
Quoting Pat Chiko
Hi Faramirsen,


I don't trade this pair, but my 2 cents.

Really I don't know where it go after this, but I attached chart and comment from what I see, not speculate.


Peace

Pat Chiko



P/S " Maybe short after the break of the BN" May I know why you want to short after RN ? and where is the TP is, ?
hello Pat Chiko and all traders!
i want to say thanks to u guys for all the beautiful work you lost have been doing here
pls, regarding the 123 pattern u just talked about, is this part of Loveevry1 new system(advance method) , or something u use n decided to share with all?
thanks again for ur time n effort
am a fan
Enter Signature
  • #3,460
  • Jul 6, 2012 8:46am Jul 6, 2012 8:46am
Quoting kbforex
hello Pat Chiko and all traders!
i want to say thanks to u guys for all the beautiful work you lost have been doing here
pls, regarding the 123 pattern u just talked about, is this part of Loveevry1 new system(advance method) , or something u use n decided to share with all?
thanks again for ur time n effort
am a fan

Hi kbforex,

I really can't remember, is it part of the system or I use it as personal reference ????lol .


Can't recall it.
But i use 1,2,3 when I i;m pulling the trigger. ie on 60 mins or 15 mins charts.


As you've read in Post # 1, this thread is about "Price Action" with confirmation of minimum indicators.

I choose to use the 1,2,3 method, as it uses three price points to determine the break out direction of a currency pair. It's kind of safety net for me to enter trade.

When trading with this Arjun's method, Price action uses EMAs lines and pre-determined patterns ( Supply & Demands Area) and to add confirmation I look for 123 formation develop from series of 15M bars.


The 1-2-3 method can give good signals in a trending market but will give whipsaws when the market is ranging, it is best is to to use Arjun's system to determine trend & market directions.


Hope that clarify, ?


Peace


Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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