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Another simple system - Time-Frame 15

  • #3,741
  • Jul 13, 2012 6:53am Jul 13, 2012 6:53am
Long GU +5.3 PIPS... I experimented here. I know a newb like me should have touched it. Risked a micro lot.

Got in late. Was afraid that it was a risky setup (no newbie material) but everything pointed towards a quick long scalp... H4 10ema was broken but it was a downwards pointing 10ema.

Got scared and entered late and exited early. It's still going but nearing a RN...

Your thoughts?
  • #3,742
  • Jul 13, 2012 6:54am Jul 13, 2012 6:54am
Oops here is the screen shot..
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  • #3,743
  • Jul 13, 2012 7:01am Jul 13, 2012 7:01am
Quoting binnie
Hi guys - Fri Nite here in NZ and last trading day of my week. Little over 1 hour into the London Session and have this Aussie trade long still going. Made a wee mistake with my entry - used the touch of the 200ma instead of the 10ma. At least I have moved to break even +1 so free trade on this one. The 4hr shows me to be long so still confident that the 10 & 200 will continue to hold on the 15min. What do you all think ?
Happy evening ( morning ) to you all.
Binnie
Mate...analyse from the HTF before you enter.its says LONG today...according to me.it was a touch of 10ema on the HTF i guess weekly.its that simple my friend...lol

i would have only taken LONG from yesterday night...remember my CT trade yesterday...that was completly based on this..
Let all the living things live blissfully
  • #3,744
  • Jul 13, 2012 7:42am Jul 13, 2012 7:42am
here is my trade on G/U in NY session,
thx
imi
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If you're going through hell, keep going. Winston Churchill
  • #3,745
  • Jul 13, 2012 7:47am Jul 13, 2012 7:47am
Quoting loveevery1
Now see all the pairs...i mean GU and AU...watch them closely ..this is how you learn CTs....if you entry is on the RN...then you can aim for 15-20 pips...if its before that aim for 10-12 pips thats all...

Moreover..while doing CT...i dont enter my full lots in one go while doing CT...i split them into to 4 or 5 lots...to cover up the risk...try demoing...

Brother,


Congratulations, good call. No other thread in FF can give live call with this kind of take.

I suggest, we can start a service for " COPY TRADE" for monthly subscriber only ??? , lol, will make more money ??? ha ha ha

Good pips too.


Keep up the excellent work !


Warmest Regards,

PAT
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,746
  • Jul 13, 2012 8:28am Jul 13, 2012 8:28am
Quoting Pat Chiko
Brother,


Congratulations, good call. No other thread in FF can give live call with this kind of take.

I suggest, we can start a service for " COPY TRADE" for monthly subscriber only ??? , lol, will make more money ??? ha ha ha

Good pips too.


Keep up the excellent work !


Warmest Regards,

PAT
I dint realise you are around mate. God bless you. I actually wanted to post some learning charts. But goochie gave me a hint. I looked at it and took it without hesitation lol.

I dint want to discuss CT because thats little risky for a newbie. Lol

And about the call service im all set .lol god bless
Let all the living things live blissfully
  • #3,747
  • Jul 13, 2012 8:39am Jul 13, 2012 8:39am
Quoting Pat Chiko
Brother,


Congratulations, good call. No other thread in FF can give live call with this kind of take.

I suggest, we can start a service for " COPY TRADE" for monthly subscriber only ??? , lol, will make more money ??? ha ha ha

Good pips too.


Keep up the excellent work !


Warmest Regards,

PAT
I dint realise you are around mate. God bless you. I actually wanted to post some learning charts. But goochie gave me a hint. I looked at it and took it without hesitation lol.

I dint want to discuss CT because thats little risky for a newbie. Lol

And about the call service im all set .lol god bless
Let all the living things live blissfully
  • #3,748
  • Jul 13, 2012 8:40am Jul 13, 2012 8:40am
Quoting loveevery1
take a look at it folkss
Practise, practise, practise .......

First time trading a weekly bounce off 10 EMA and like you say should have been long from that point on .......

thks L1 for getting me out that trade earlier as well ....

Your friend

Im going do some CT homework this weekend to get some info in my brain ...
Steadfastness is held above all success
  • #3,749
  • Jul 13, 2012 8:43am Jul 13, 2012 8:43am
Look at This

On weekly, S & R rejection area and confluence of Trendline.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,750
  • Jul 13, 2012 8:46am Jul 13, 2012 8:46am
+8.3 PIPS total...Not bad for a total n00b. Done for the day

Thank you LE1 and God bless you!
  • #3,751
  • Jul 13, 2012 8:48am Jul 13, 2012 8:48am
quick 20 pips on a/u long

thx thx thx thx thx
imi
Attached Image
If you're going through hell, keep going. Winston Churchill
  • #3,752
  • Jul 13, 2012 8:56am Jul 13, 2012 8:56am
Hi guys!
my todays trades. don't know what happened on the last candle. why it is so huge?
Regards,
Roman
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  • #3,753
  • Jul 13, 2012 9:00am Jul 13, 2012 9:00am
Hourly view with weekly Support & Resistence Trendline
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,754
  • Jul 13, 2012 9:03am Jul 13, 2012 9:03am
Quoting orko_555
Hi guys!
my todays trades. don't know what happened on the last candle. why it is so huge?
Regards,
Roman
S1 was a H4 Support that could not be broken... It was a newbie trap.. Thank God I only scalped a few PIPS there and got out...

The AU setup though seemed sweet but still not a total text book entry for a n00b so I refrained and I'm done for today Friday...

Gettin' ready to have some fun with a friend who's coming from out of town...

Have a nice weekend all and I hope we n00bs here can also get up to speed and start making some real PIPS!
  • #3,755
  • Jul 13, 2012 9:09am Jul 13, 2012 9:09am
Daily view with bouncing from weekly Support & Resistence Trendline
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,756
  • Jul 13, 2012 9:28am Jul 13, 2012 9:28am
The most difficult things to do as Trader is waiting patiencely for nice set up. It's obvious that if you could read the Charts well, to be able to enter at the exact time, that the trend will take off in the direction intended.


15M TF Chart, where the entry was made. Waiting for break, hit confluence area, nice pin bar, and go for counter trend.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,757
  • Jul 13, 2012 9:35am Jul 13, 2012 9:35am
Quoting Pat Chiko
The most difficult things to do as Trader is waiting patiencely for nice set up. It's obvious that if you could read the Charts well, to be able to enter at the exact time, that the trend will take off in the direction intended.


15M TF Chart, where the entry was made. Waiting for break, hit confluence area, nice pin bar, and go for counter trend.
WOW! I didn't even bother drawing trend lines... Just looked for H4 & weekly S&R... I did see a strong S on H4 and instead of stealing few pips I could have done like you Pat... Got a long way to go here...

You made it a lot more clear for me now! Thank you, Pat!
  • #3,758
  • Jul 13, 2012 9:39am Jul 13, 2012 9:39am
Quoting Imi
quick 20 pips on a/u long

thx thx thx thx thx
imi
Ha ha what will i say god bless you. You have taken a long trade and the htf favors it.. Its bouncing off from the weekly 10 ema.

Good that you took it. Mate amazing. God bless
Let all the living things live blissfully
  • #3,759
  • Jul 13, 2012 9:54am Jul 13, 2012 9:54am
Quoting loveevery1
Mate...analyse from the HTF before you enter.its says LONG today...according to me.it was a touch of 10ema on the HTF i guess weekly.its that simple my friend...lol

i would have only taken LONG from yesterday night...remember my CT trade yesterday...that was completly based on this..
Now you know why i said only LONG trades today on AU . Its the simplest thing in the world. Newbies give forex 2 years. And it will be in your blood. Take any trade and it will be a winner and the trick here is you will wait and take only the winning trades
Let all the living things live blissfully
  • #3,760
  • Jul 13, 2012 9:55am Jul 13, 2012 9:55am
Quoting Pat Chiko
The most difficult things to do as Trader is waiting patiencely for nice set up.
Pat, as always great post and given me lots to think about -

Quick question as i traded the EU today and luckly L1 got me out of the trade as i had missed the major support from Jul 2010 and as such analysis was a bit out of sync.

Could you provide me with a little insight into the thought process of patience for todays EU PA and i have outlined mine --- with a major dose of 20 20 hindsight

Start of day you relise theres major support streching back to July 2010, you have one eye on the weekly TL , another on the 15 min 200 EMA.

You wait to see what cooks ... it gets choppy around the RN, initial sellers at the 200 EMA .... so you still decide nothing conreate yet ... price breaks lower .. then rather than jumping in your actualy starting to look at the support and TL of HTF.

Then as you say, consolidation, pin bar ... job done - high percentage trade with many factors going for it ??

Peace Profound
Steadfastness is held above all success
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