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Another simple system - Time-Frame 15

  • #3,841
  • Jul 16, 2012 1:10pm Jul 16, 2012 1:10pm
Quoting stevewide
1h: nice hammer closed accross round number 1.5600 was my signal to go to 15m and look for a trade after lovereverry1 posted the gu was clearly up. After studying 4h, day and weekly gu charts it was truly no brainer that gu is going up. Clearing the 4h 200ema concerned me before entry.

15m: The 15m morning star pattern was enought to take the chance. The two chocolate trendlines are from the day chart. Price bouncing off the downtrend line was extra confirmation.

Got my 20 pips.

There were a few other trades today but I couldn't seem...
HAHAHAHHA>........YOu rock my friend..dont forget to include me in your prayers...LOL
Let all the living things live blissfully
  • #3,842
  • Jul 16, 2012 1:11pm Jul 16, 2012 1:11pm
one of my trades in US session.
chart #1 AU H4
chary #2 AU 15M
thx imi

all salute for you guys, Arjun, Pat, Assange,Steve,
Gibril the professional newbie, and so on and on............
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If you're going through hell, keep going. Winston Churchill
  • #3,843
  • Jul 16, 2012 1:16pm Jul 16, 2012 1:16pm
Remember this post #3451 ? Same things happen today. cues from PA is there, just wait for your pips. " Market Memory ?" anyone heard this term ???? and ways to apply it ?


Quoting Pat Chiko
Hi Mr XXXXXXX


"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...


The main reason why I took all those four trades earlier. Only 18 pips SL.

Quoting Pat Chiko
Quote from the book, "Techniques of Tape Reading" , by Vadym Graifer and Christopher Schumacher -

"Professionals take a trade when they are comfortable with the risk, while amateurs do it when they like the potential profit."




PAT Chiko

Before I signed off,

Just to let everyone to share ideas and thought today .......

: How do you determine a good Support & Resistence zone , apart from
using HTF formation and historical data ?

Maybe somone/everyone want to contribute something here for benefit of this group.

We need to help each other, as Arjun does not owe us anything, why should He even be obligated to our success ? Contribute something to this group, it's for your own good actually.

I learn a lot from Arjun, so can you.......


Peace,


PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,844
  • Jul 16, 2012 1:31pm Jul 16, 2012 1:31pm
Quoting loveevery1
God bless every living thing....


PAT/ASSANGE/GIBRIL(miss him)/stevewide/ORKO./.xiaoxin/omar...

..
I'm sorry for his disappearing act , stating too much mental pressure trading ( but his result is astonishing).

I've been trading for a long time, never met such a gifted person in similar fashion to Roger Faderer knowing, where, how fast, what angle the returning ball is coming from his opponent.

Simply a gift, but lost it. Maybe one day, he will return.


Peace & Blessed to you for all this effort helping others, which no way we can repay you back. I do my best to keep up and gate keeper of this wonderful thread.


Sincerely, Your Brother


PAT Chiko.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,845
  • Jul 16, 2012 1:37pm Jul 16, 2012 1:37pm
picture is speaking. I made 85.7 pips

My wife made 40 pips on eu and au
/shhh she is better then me/

again thx imi
we learned it all from this thread
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If you're going through hell, keep going. Winston Churchill
  • #3,846
  • Jul 16, 2012 1:44pm Jul 16, 2012 1:44pm
This is how i take CTs...we all know why i took and why at that particular place..and see my SL....i jus love them...

took 3 trades with my ct entry,,,sl 9 pips

10 pips on each= 29 pips
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Let all the living things live blissfully
  • #3,847
  • Jul 16, 2012 1:48pm Jul 16, 2012 1:48pm
Quoting binnie
Grateful for the extra homework you have done this weekend for the benefit of all . Really appreciate it.
Just my take on a reason to stay out of that trade - could you have considered the TDI cross to confirm. I see that the cross happened below the yellow midline. Is this a fair call or are CT trades different ? Only my thoughts so will wait for the teachers to comment.
PS - I see now that Pat has provided his take on things. Would still like a comment on the TDI cross if you can. Thanks to everyone who takes part in this thread .
Binnie...
Hi Binnie,

No problem, from analysis i have done and with the trade in question if the RSI (green) cross's market base (yellow) as well as the signal line ( red ) this is normally a strong indicator - especially as the market base over sold ie below 32 ..... BUT as PAT / Z says and what the mistake of the trade was be is all in the HTF and what PAT further articulated is that the indicators are lagging and in certain conditions not fit for purpose BUT they enable us in-experianced traders to build confidence and understanding, until we can see / understand PA and SR - dynamic and static.

Peace Profound
Steadfastness is held above all success
  • #3,848
  • Jul 16, 2012 1:50pm Jul 16, 2012 1:50pm
Quoting loveevery1
This is how i take CTs...we all know why i took and why at that particular place..and see my SL....i jus love them...

took 3 trades with my ct entry,,,sl 9 pips

10 pips on each= 29 pips

my wife just took the same trade + 13 now
will post when it's closed

imi
If you're going through hell, keep going. Winston Churchill
  • #3,849
  • Jul 16, 2012 1:52pm Jul 16, 2012 1:52pm
Quoting Pat Chiko
I'm sorry for his disappearing act , stating too much mental pressure trading ( but his result is astonishing).

I've been trading for a long time, never met such a gifted person in similar fashion to Roger Faderer knowing, where, how fast, what angle the returning ball is coming from his opponent.

Simply a gift, but lost it. Maybe one day, he will return.


Peace & Blessed to you for all this effort helping others, which no way we can repay you back. I do my best to keep up and gate keeper of this wonderful thread.


Sincerely,...
I understand that my brother....he was a bright kid..i even sent him an emaill...but no reply.im sure he was gifted.he respects you a LOT pat...i came to know from the emails he has sent me..i know how stressful it is to trade for others..imsure he will come back to US>....GOd bless you guys very much..got to go now..its midnight here...wanted to take this CT...was waiting for it till now...mind says MONEY MONEY MONEY....My WIT says DONATE DONATE DONATE....LOL

God bless everyone...
Let all the living things live blissfully
  • #3,850
  • Jul 16, 2012 1:54pm Jul 16, 2012 1:54pm
Quoting Imi
my wife just took the same trade + 13 now
will post when it's closed

imi
i think except me...everyone takes more pips...than me...LOL..
congrats to you both...and thank you so much for posting it...trust me...you are learning


lets spread COMPASSION TO all the living things...
Let all the living things live blissfully
  • #3,851
  • Jul 16, 2012 2:28pm Jul 16, 2012 2:28pm
Quoting Pat Chiko

Unfortunately, nobody interested to know.

Have a Great Day.


PaT cHiKO
Im always interested
Steadfastness is held above all success
  • #3,852
  • Jul 16, 2012 2:37pm Jul 16, 2012 2:37pm
Quoting Imi
picture is speaking. I made 85.7 pips

My wife made 40 pips on eu and au
/shhh she is better then me/

again thx imi
we learned it all from this thread
Wow my man! Unbelievable! I only made 8 PIPS today (still a scared little newb)...

Wish you all the luck. You are an example to guys like me! Keep it up!
  • #3,853
  • Jul 16, 2012 4:01pm Jul 16, 2012 4:01pm
Quoting Pat Chiko
Hi Steve,

I notice too. When I read thro FF and go thro your posting. You have nice way of to interprate PASR, trying to learn more from you and your experience.

Appreciate to have someone like you in this thread as yo can see that Arjun ( the owner of this Joint) is trying building up a team of quality traders on here. I only do my very small tiny bit to assist him whenever I can.

[color=black][font=Verdana]I've learn a lot from him and his commitment,...
Hi Pat,

I certainly appreciate the time and commitment it takes to maintain a thread like this. People like Arjun are the back bone of FF without their willingness to give up their time and share their knowledge newbies would have a far greater learning curve.

I haven't got as much time, as I would like, to trade at the moment with work commitments but I will try to contribute what I can to the thread for what it's worth.
  • #3,854
  • Jul 16, 2012 5:27pm Jul 16, 2012 5:27pm
: How do you determine a good Support & Resistence zone , apart from
using HTF formation and historical data ?

Are you meaning T/Lines Pat ? They seem to have a power to repel a movement up or down. And in a lot of cases, the price action can penetrate these areas before re-testing and then resuming direction. This can mean a price can turn from a resistance to a support very quickly. Just my take on this - hope this is what you are trying to make us think about.

Note : Price stop at almost to the pips, the place I posted earlier ( that's the TP place actually) See post #3787 . Unfortunately, nobody interested to know.

Definitely interested - sorry for not speaking up. Could it be that the price arrived at an area that has previously been a strong demand zone and lots of buyers were there. Those buyers were later exhausted at the next visit to that area and now there are no buyers left when price hits that zone again - therefore only sellers so they win the battle. Sorry if I am explaining badly - there is so much to learn from you guys, it can be confusing for us. I will get it eventually - just slow learner (lol )

Sometimes when there is no response to your questions - it does not mean we are not involved. For me personally, I have traded for a few years now but what you & LE1 , Assange & others are trying to teach me is completely new to my old methods,. Having to UNLEARN what I thought I knew certainly takes time. Please continue guys - we need you all.
  • #3,855
  • Jul 16, 2012 8:20pm Jul 16, 2012 8:20pm
Nice thread guys ....keep it up .

According to the conversation going on about Supply and Demand ...and Support and Resistance.

I was confused as well . So tried to get some info about it on net.

Here is the stuff i found ...

http://www.fxstreet.com/education/le...tract-for-you/

Is it good info ...according to experienced guys ?
  • #3,856
  • Jul 16, 2012 11:12pm Jul 16, 2012 11:12pm
Hi,

Are you guys still running the webchat - got on yesterday but no-one else seemed to be on....
  • #3,857
  • Jul 17, 2012 12:30am Jul 17, 2012 12:30am
Sam Seiden is the king of supply and demand there are a lot of webinars on the subject at this link http://www.fxstreet.com/search/contr...1-e9bf77216d2f
  • #3,858
  • Edited 1:20am Jul 17, 2012 1:05am | Edited 1:20am
Quoting Pat Chiko
Remember this post #3451 ? Same things happen today. cues from PA is there, just wait for your pips. " Market Memory ?" anyone heard this term ???? and ways to apply it ?
The main reason why I took all those four trades earlier. Only 18 pips SL.
Before I signed off,
Just to let everyone to share ideas and thought today .......
[color=black][font=Verdana]: How do you determine a good...
Hi Pat! You are the Master of PASR! Thanks for your efforts to learn and help us!
"How do you determine a good Support & Resistence zone , apart from
using HTF formation and historical data ?"
I don't know the answer but... I will try to give you an answer!
The curent level where PA stop and after this reverse it is a S/R
Weekly open, todays open act as a S/R. Yesterday H/L and last week H/L act as S/R.
In my little experience on Fx I see that the H/L of Asian Session act as S/R in European session. After PA breaks that levels than reverse.
Round numbers and some EMA acts as S/R. (for example, please see how price react to ema 60)
Please, forgive us for not answering your questions. Please understand that we are newbies, we have little experience and we need you, we need Arjun to learn from you!
  • #3,859
  • Jul 17, 2012 2:22am Jul 17, 2012 2:22am
Quoting Pat Chiko
Remember this post #3451 ? Same things happen today. cues from PA is there, just wait for your pips. " Market Memory ?" anyone heard this term ???? and ways to apply it ?






The main reason why I took all those four trades earlier. Only 18 pips SL.




Before I signed off,

Just to let everyone to share ideas and thought today .......
...
Hi Pat,

Personally if I'm trading short TFs I try to look within that TF for areas of support and resistance. Especially when looking at where pull backs stop and then continue with the trend.

I find this approach to be less confusing, before entering a trade though you must make sure there is enough room to deliver the TP you are looking for.
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  • #3,860
  • Jul 17, 2012 2:47am Jul 17, 2012 2:47am
Took 20 pips off this one....im done for the day...need to practice on 1min TF...lets see how that goes...god bless

pray for me guys
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