Another simple system - Time-Frame 15 | Page 184 | Forex Factory

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Another simple system - Time-Frame 15

  • #3,661
  • Jul 11, 2012 5:50am Jul 11, 2012 5:50am
Hi Assange ,
can you describe better the first point?

1) Watch PA first react with level of SR and 10ema.

Thanks!
  • #3,662
  • Jul 11, 2012 6:03am Jul 11, 2012 6:03am
Hey everybody,

as I have read a lot about price action in this topic the past few days I have decided to remove Heiken Ashi candles and use the conventional Japanese Candles.


I hope that I can see price action more clearly then.


Below a Chart - the trade worked out for me (+8 Pips so far). Part of my lot is running and I am on BE.

However I would like to know your comments about the trade.

I did not expected a large move because of the EMA 200 and EMA800 however if I understand PA correctly the momentum for a short trade was there. I hope to close later with around 10 to max 15 pips.
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  • #3,663
  • Jul 11, 2012 6:08am Jul 11, 2012 6:08am
Quoting Faramirsen
Well enclosed my thoughts - do not know whether that is a correct view on things.

Would be interested especially whether this 1 Candle is a valid hammer (pin bar?)?
If you ask me...i will say its just another candle...i say its a hammer only when its formed at the right place...if not dont even look for these things....and not all hammers work...thats why we need to look for the place its forming...

Just review all my posting...i posted close to 20 pictures in one day ...they keep forming day in and day out...stick with the overal HTF trend and if they form just jump in....it is very simple folks...plz do not complicate it with every junk possible...god bless
Let all the living things live blissfully
  • #3,664
  • Jul 11, 2012 6:17am Jul 11, 2012 6:17am
Quoting smarco
Hi Assange ,
can you describe better the first point?

1) Watch PA first react with level of SR and 10ema.

Thanks!
That's the best description for any forex trader can understand , because it's just an explanation of post # 1.



Quoting loveevery1
hello folks


THE SYSTEM: TIME-FRAME 15


This strategy is based purely on price action.however just to confirm the same we will look where the price is bouncing off from. where the price is bouncing off from

I post a Chart here, please tell me how you see PA react / bounce at & with SR and dynamic SR level . ? ( error in Chart not PA should read as "bounce at SR")



Love

Assange
Attached Image
We are in control of our destiny but have no control over our fate.
  • #3,665
  • Edited 7:02am Jul 11, 2012 6:45am | Edited 7:02am
Assange,
thanks for your explanation!
I've another question for you...
Is is your SR (gray) an indicator? If yes, where can I find it?
I've only "Support and Resistance.ex4"
Thanks and love
  • #3,666
  • Jul 11, 2012 7:09am Jul 11, 2012 7:09am
Quoting smarco
Assange,
thanks for your explanation!
I've another question for you...
Is is your SR (gray) an indicator? If yes, where can I find it?
I've only "Support and Resistance.ex4"
Thanks and love

Here you go.

See attached.


Love

Assange
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We are in control of our destiny but have no control over our fate.
  • #3,667
  • Jul 11, 2012 7:25am Jul 11, 2012 7:25am
[quote=Assange;5831146]Hi all,



1) What indicator he want us to use ?
2) What EMA is important to be used ?
3) What other things am I missing from this System.
4) Why I see so many people here, just don't simply follow the Basic Rules of this System ( against 200ema ? )
5) Everyday, we see LO fakey, how to handle this ? TDI is helpless and giving false signal ( they are lagging)

The Heart and Soul of this System is in Post # 1

My first trade failed though (post 3656 asking for analysis) but I'm in another now (my second trade of this system) with stop moved to BE after moving 12 points my way.

By far the most common question throughout the thread is regarding the relative positions of the green/red/yellow when each of them crosses. I think that perhaps people have moved on to more advanced sets up without mastering that. I for one am still a little unsure about that.

I loved the photos of the places that some trading profits were given to. I support one on the outskirts of Delhi. (I'm in the UK though)
  • #3,668
  • Jul 11, 2012 7:27am Jul 11, 2012 7:27am
LE-1

I looked at a few brokers and IKON looked OK to me, They offer a tight point spread, a good platform...

Your money is secured if the institution goes bankrupt as they cannot use your money to pay their debts...

The FSA (if an account opened in the UK) guarantees safety of funds for customers up to GBP 85,000 (about $140,000), per each account.

This means that in the unlikely event that the IKON Group of Companies are unable to meet its financial obligations all eligible retail Customers are offered a full guarantee on the safety of their funds by up to GBP 85,000 by the UK Government through the FSCS (approximately US $140,000).

Each country offers their own regulatory guidelines by which your account is protected...

Read through the website they have worldwide branches, UK, USA, NZ, Hongkong, China, UAE.
  • #3,669
  • Jul 11, 2012 7:37am Jul 11, 2012 7:37am
Two trades so far on the basic system. A loser at first but now this winner. SL 20 TP 20. Moved to BE after 12

Blessings to you all!
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  • #3,670
  • Jul 11, 2012 8:13am Jul 11, 2012 8:13am
[quote=Cheoy Lee;5831520]
Quoting Assange
Hi all,



1) What indicator he want us to use ?
2) What EMA is important to be used ?
3) What other things am I missing from this System.
4) Why I see so many people here, just don't simply follow the Basic Rules of this System ( against 200ema ? )
5) Everyday, we see LO fakey, how to handle this ? TDI is helpless and giving false signal ( they are lagging)

The Heart and Soul of this System is in Post # 1

My first trade failed...

Hi Cheoy Lee,

I think it's the other way round.

we move from advance to primitive system which uses only first hand info., ie Candle, the three EMAs and Support/ Resistance Lines.

We skip analysing TDI ( because it's second hand info). We need analyse Candle, "Shape of candle" and "formation of Candles".

We look how candles react to level that on the chart ( RN, SR, EMAs).

There will always be Bull/Bear fight, but we bet the odd in our favour, go for the strongst and likely candidate to win.

Eg. if hammer appear at Support and approaching 200ema, what would you do ?

Answer :- wait it to go > 10ema and >200 ema, see momentum candle (bull) with 1,2,3, formation.

Look at wicks appear at bottom of candle ( sign of rejection) et cetera.

Attached, Auzzie today, how you would like to take this trade based of this Chart alone, no need to waste time analysing TDI. You got excuse not to go LONG with this kind of Crystal Clear Sign. No way you can go opposite when you see ALL line up nicely.

If you just wait and be patience, you would walk away more handsome with this trade.



Love


Assange
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We are in control of our destiny but have no control over our fate.
  • #3,671
  • Jul 11, 2012 8:20am Jul 11, 2012 8:20am
My E/J short

imi
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If you're going through hell, keep going. Winston Churchill
  • #3,672
  • Jul 11, 2012 8:23am Jul 11, 2012 8:23am
I certainly see your point.

Although I have read most of the thread, and many others have progressed well beyond me, I am being careful to master the first setup - as suggested by many contributors.

In the past I have been guiltly of jumping from system to system and I think I must persevere to be profitable with the initial instructions before branching out.

If I am following the learning procedure correctly and have taken just two trades I am not yet ready to disregard the TDI otherwise I am not using the system. Am I correct?
  • #3,673
  • Jul 11, 2012 8:31am Jul 11, 2012 8:31am
Continue from Post.#3674


It's easy to see 20/20 vision, after price already moved ?


Now, lets rewind back, to see how would you excercise this set up, so that trade will be in your favour. ( No 2 Blue or Purple is you entry point)


See attached.


Love

Assange
Attached Image
We are in control of our destiny but have no control over our fate.
  • #3,674
  • Jul 11, 2012 8:49am Jul 11, 2012 8:49am
Continue from Post #3677 .


now the out come from the fight between BULL/BEAR.

I'm sure you're a smart trader, who do you want to support, from that dispute ? Bull or Bear. ???

My answer will be the " Winner" of that fight !. I wait at the door and support them ( Bull/Bear) all the way for pips.

Sometime, we try to force trade and do smart things ( our brain are playing tricks). This is just like fishing, you have to wait for right timing to pull your fish, patience is the key.

All the best to all of you.


Love

Assange.

P/S That's why I think Gibril is succesful, because he is "simplified thinker", whereas , we like to complicate things. lol
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  • #3,675
  • Jul 11, 2012 8:53am Jul 11, 2012 8:53am
Hi Assange,

My point to you was that I agreed with you that the heart and soul of the system is in post #1.

That post introduces rules for a system. Later in the thread many are removing the need for these rules and introducing other systems.

I think the message of the thread is that the basic system needs to be learned first, before I introduce other factors.

So, after just two trades of the basic system, I do not think I have enough experience to answer your question on your chart, as your chart does not show TDI.
  • #3,676
  • Jul 11, 2012 9:06am Jul 11, 2012 9:06am
Hi guys,
Couldn't trade the whole session, just came to the terminal and spotted the trade on gold (all conditions are met + later 123 pattern), tp set to 50 and sl to 25. so the trade went in my favor and it nearly hit my TP but then it reversed and hit my sl (i don't know why my trailing ea didn't move to BE and didn't lock further profit) but for now is -25 pips. let's see what will be the next trade!
Regards
Roman
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  • #3,677
  • Jul 11, 2012 9:11am Jul 11, 2012 9:11am
Quoting Cheoy Lee
Hi Assange,

My point to you was that I agreed with you that the heart and soul of the system is in post #1.

That post introduces rules for a system. Later in the thread many are removing the need for these rules and introducing other systems.

I think the message of the thread is that the basic system needs to be learned first, before I introduce other factors.

So, after just two trades of the basic system, I do not think I have enough experience to answer your question on your chart, as your chart does not show TDI.
Its okey dear,

I enjoy writtng, while waiting for my LONG set up in EU ( now +20), EJ ( now +20). I will post the set up.

Entry is easy, because there's only two button. But, set up you have to wait, it will definetly bring rewards to you.

Enjoy your pips.


love

Assange
We are in control of our destiny but have no control over our fate.
  • #3,678
  • Jul 11, 2012 9:27am Jul 11, 2012 9:27am
Quoting Imi
My E/J short

imi
That was my trade mate. Thats exactly where i would have take it mate. Awesome. I feel im seeing my own chart lol. Good on. Thats very impressive.
Let all the living things live blissfully
  • #3,679
  • Jul 11, 2012 9:32am Jul 11, 2012 9:32am
Quoting Imi
My E/J short

imi
That was my trade mate. Thats exactly where i would have take it mate. Awesome. I feel im seeing my own chart lol. Good on. Thats very impressive.
Let all the living things live blissfully
  • #3,680
  • Jul 11, 2012 9:37am Jul 11, 2012 9:37am
Quoting Imi
My E/J short

imi
That was my trade mate. Thats exactly where i would have take it mate. Awesome. I feel im seeing my own chart lol. Good on. Thats very impressive.
Let all the living things live blissfully
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