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Another simple system - Time-Frame 15

  • #3,701
  • Jul 12, 2012 10:20am Jul 12, 2012 10:20am
today was a good day - took in total 70 PIPS following the basic rules + watching out for PA and RN!

Slowly I understand the key points of this system. I still take to early my TP.... with the setups today i probably could have gone 100+ but i was to scared So far my best trading day today.

THX for this system LE1


Enclosed GU today - trades I took partly (closed too early, impatience !)
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  • #3,702
  • Jul 12, 2012 10:20am Jul 12, 2012 10:20am
the power of PIN bars...if you have any doubt ask me now...im gona sign off soon.,....i explained CT cos of the video i received from goochie 2 days ago...i actually wanted give him few trading calls for video he has sent to me...i knew saints in my country have discovered way beyond that...but it was very hard for me to explain it to the normal human beings...this video will help me a lot....

thank you so much for bringing that to my attention...
Let all the living things live blissfully
  • #3,703
  • Jul 12, 2012 10:22am Jul 12, 2012 10:22am
Quoting Faramirsen
today was a good day - took in total 70 PIPS following the basic rules + watching out for PA and RN!

Slowly I understand the key points of this system. I still take to early my TP.... with the setups today i probably could have gone 100+ but i was to scared So far my best trading day today.

THX for this system LE1


Enclosed GU today - trades I took partly (closed too early, impatience !)
what can i say...god bless and dont forget to donate...hahaha...
Let all the living things live blissfully
  • #3,704
  • Jul 12, 2012 10:23am Jul 12, 2012 10:23am
the power of PIN bars
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Let all the living things live blissfully
  • #3,705
  • Jul 12, 2012 10:30am Jul 12, 2012 10:30am
Quoting Faramirsen
today was a good day - took in total 70 PIPS following the basic rules + watching out for PA and RN!

Slowly I understand the key points of this system. I still take to early my TP.... with the setups today i probably could have gone 100+ but i was to scared So far my best trading day today.

THX for this system LE1


Enclosed GU today - trades I took partly (closed too early, impatience !)
I'm revealing everything whatever was hidden to the public...no kidding...absolutely no kidding...this is how a very experienced traders trade and they dont reveal it that easily...

PAT,ASSANGE are not small folks as we think..they trade for big money...you wouldnt have possibly imagine those folks coming here and helping us.they are not jobless like me..LOL..

and you folks,,when they ask questions you folks dont even reply!!!!!

how bad can it get...i myself dont get replies for half of my questions...

Do not tell anybody about this thread...let the destiny bring them.only then they will stick around...and not everybody is fit to trade forex...
Let all the living things live blissfully
  • #3,706
  • Jul 12, 2012 10:31am Jul 12, 2012 10:31am
Quoting loveevery1
...i knew saints in my country have discovered way beyond that...but it was very hard for me to explain it to the normal human beings...this video will help me a lot....
No problem, ...... your country was one of very first places knowledge like this came from ( and im not talking about the info on vid if you known what i mean ) and i am talking many, many , many, many , many years ago.
Steadfastness is held above all success
  • #3,707
  • Jul 12, 2012 10:36am Jul 12, 2012 10:36am
Quoting loveevery1
the power of PIN bars
Hi loveevery1,
why the yellow horizontal line at that point?

Thanks
  • #3,708
  • Jul 12, 2012 10:36am Jul 12, 2012 10:36am
Quoting goochie
No problem, ...... your country was one of very first places knowledge like this came from ( and im not talking about the info on vid if you known what i mean ) and i am talking many, many , many, many , many years ago.
i know what you mean for certain...mate...lol


Just take a look at this...where i have taken it and what if i hadnt closed it still now...

and i want to discuss little biut about the money management...aswell..

can you guys discuss plz...RISK
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Let all the living things live blissfully
  • #3,709
  • Jul 12, 2012 10:38am Jul 12, 2012 10:38am
Quoting smarco
Hi loveevery1,
why the yellow horizontal line at that point?

Thanks
open your eyes and see my friend...support became resistance coz of the PIN bar...if you had entered it there...you will be scared to death coz the price would have moved down...coz of the that pin....
Let all the living things live blissfully
  • #3,710
  • Jul 12, 2012 10:45am Jul 12, 2012 10:45am
Quoting loveevery1
the power of PIN bars
my NY session g/u short trade

thx imi
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If you're going through hell, keep going. Winston Churchill
  • #3,711
  • Jul 12, 2012 11:00am Jul 12, 2012 11:00am
my CT on G/U 20 pips
thx for everybody in this thread
imi
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If you're going through hell, keep going. Winston Churchill
  • #3,712
  • Jul 12, 2012 11:11am Jul 12, 2012 11:11am
CT on U/Cad
thx
imi
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If you're going through hell, keep going. Winston Churchill
  • #3,713
  • Jul 12, 2012 11:29am Jul 12, 2012 11:29am
Day chart: price touched 10e yesterday and expected to continue down today
15m chart: price bounced off RN 1.5450 and then dropped below it; when it retraced back to RN there were several candle pattern entries at the 15m 10e; pick one and pounce on it.
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  • #3,714
  • Jul 12, 2012 11:35am Jul 12, 2012 11:35am
4h chart: see price touch the 4h 200e at round number 1.0100; after extensive backtesting required by loveevery1 to see this its clear that these touches pay 15-20 pips minimum.

15m chart: enter close to the RN and 4h 200ema; I didn't mark my entry but just enter close and you get your pips; I only took 10 since its my first live trade using this technique. I was very confident though since backtesting proves this methods value.

Au moved way past its ADR so that adds to the confidence...

Thanks Loveevery1 for loviing us all so much!

Steve
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  • #3,715
  • Jul 12, 2012 12:09pm Jul 12, 2012 12:09pm
Hi, loveevery1
Hi all!

Thank you for the great thread & strategy!! I like your attitude, too!

I started reading this thread from the beginning and I've gotten to page 78 so far. I am a complete n00b and have not been consistently successful at forex.

Just took & failed on a GU CT. A n00b like me should NOT trade CT's but I was tempted and hence got punished.

Why did I take this trade?

1) Low ADR out-reached.
2) Sufficient distance between 200ema and 10ema
3) Upwards TDI cross

Seemed like daily S2 turned into resistance and it hit my S/L.

Please help:

1) What did I do wrong?
2) I haven't read the whole thread (big) yet but this RN thing is confusing me... I was under the impression that you stay away from RN because a reversal is possible, no? For example if the price is nearing a RN you should close your trade? This "rule" has stopped me a lot of time from making good PIPS and I usually end up with 3-10 PIPS per trade... What am I missing here?

It seems every one is making crazy PIPs here... am I the only dummy here losing like crazy???

Please help!
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  • #3,716
  • Jul 12, 2012 12:26pm Jul 12, 2012 12:26pm
I need to elaborate on my experience with RN's so you can understand why I (erroneously obviously) shy away from them...

A scenario:
1) PA is around RN
2) I get a valid PA & TDI signal
3) I do not trade since the price usually stalls there and it seems unpredictable, no???

It gets even hairier when let's say the price of a related pair is at RN... then it seems that the current pair also stalls and I stay away from trading... For example: EU is at RN, I get a valid signal on AU but AU also stalls so I don't take the trade...

I'm obviously doing something wrong here... Please help...

Thank you, loveevery1 and all contributors for your kindness and good souls! God bless you!
  • #3,717
  • Jul 12, 2012 1:40pm Jul 12, 2012 1:40pm
Quoting rkp
Hi, loveevery1
Hi all!

Thank you for the great thread & strategy!! I like your attitude, too!

I started reading this thread from the beginning and I've gotten to page 78 so far. I am a complete n00b and have not been consistently successful at forex.

Just took & failed on a GU CT. A n00b like me should NOT trade CT's but I was tempted and hence got punished.

Why did I take this trade?

1) Low ADR out-reached.
2) Sufficient distance between 200ema and 10ema
3) Upwards TDI cross

Seemed like daily S2 turned into resistance and it...
Mate there is nothing wrong or right. Its too early for you to take these setup. Concentrate only on the classic trades. Do it for one month and show me the results. Then you ask me why those failed. I will answer. Even for me its little tricky to do counter trend trades at times. Please please stop doing this i cant see you guys lose money. Please donate to the poor brothers of mine if you guys want to waste your money taking these setups. Lol . Its only for advanced traders. Give forex not less than 2 years. Before you go live or give the money to the needy.

Whatever has been discussed in this thread till now is all anyone would need. All you need to do is stop jumping from thread to thread. Stick to one and master it. Patience will pay and god will bless.

I will reply to all the pms tomorrow its 12am here . God bless everyone
Let all the living things live blissfully
  • #3,718
  • Jul 12, 2012 1:53pm Jul 12, 2012 1:53pm
Quoting rkp

Please help!

I'm not sure I can help. I know the first thing you can try is stop all interest in countertrend trades. And just place 10, 200 and 800 ema's on your chart with TDI yellow, red and green line. See how these work together before adding complications that are confusing you.

Since you are just starting I'd suggest the following:

 

  1. spend alot of time studying this thread. Stop looking at other threads. Dedicate yourself to mastering this method.
  2. Only look at Euro/Usd; Aud/Usd and Gbp/Usd next. That's all.
  3. watch price during the London and NY morning session which is most active. You'll see that after this time you'll mostly lose.
  4. learn to wait, manage boredom, and watch trades after the fact you didn't see when they happened because that's what happens so much to all of us.
  5. backtest this method till you confidently identify the setup.

To practice demo trading after you get organized:

  1. wait for price to bounce off a HTF 10, 200 or 800ema (4h, Day or Weekly chart; 1h works sometimes).
  2. just take TDI signals when price forms a pinbar or engulfing candle near the 10ema on 15m chart near a round number 00 or 50.
  3. Only take trades trading away from the RN.
  4. For now just trade in the direction of the 10ema on 15m when it agrees with the 4h 10ema. This is just an abbreviated way to find the trend for now.
  5. TP=15-20 and sl=35 for now; move sl to breakeven at 12 pips.
  6. Master this. Reduce the mistakes you are making.
  7. You'll make mistakes and your account will likely decrease but who cares....you'll be learning. write down just your mistakes and read them each day.

I better stop. This is still learning for me too. My desire is to repeat some of what loveevery1 teaches in this thread....

Study, backtest by going over this weeks charts. Looking back at what has happened is the best way to convince yourself this works and find what you like about it...

God bless you richly with this method

  • #3,719
  • Jul 12, 2012 2:00pm Jul 12, 2012 2:00pm
Thank you, LE1!

I trade with 0.01 lots until I get confident so it does not hurt that much..still learning...

Will stay away from CT's for a long time... All "gurus" out there advise n00bs to stay away from CT's... So, I oblige..

Can anyone knowledgeable enough answer my other question about the RN's... How should one handle them when price is going towards or stuck at an RN and there is a valid setup or an open trade? Do you refrain from trading or when on an open trade close all open positions? Please help me clear that out.. I feel over-cautious with the RN's...

To you LE1 I wish sweet dreams and God bless!
  • #3,720
  • Jul 12, 2012 2:09pm Jul 12, 2012 2:09pm
Quoting stevewide
I'm not sure I can help. I know the first thing you can try is stop all interest in countertrend trades. And just place 10, 200 and 800 ema's on your chart with TDI yellow, red and green line. See how these work together before adding complications that are confusing you.

Since you are just starting I'd suggest the following:...

God bless you richly with this method
Stevie,

You're the man! I have saved your recommendations in a file and will make the arrangements in my trading plan accordingly.

Thank you so much for your great post and God bless!
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