Another simple system - Time-Frame 15 | Page 196 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Multi time frame Simple MACD system 824 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Another simple system - Time-Frame 15
Exit Attachments

Another simple system - Time-Frame 15

  • #3,901
  • Jul 17, 2012 9:19am Jul 17, 2012 9:19am
Quoting stevepatt
What ever you do don't piggy back into a trade, only ever trade using your own analysis.

You have to be able to live with your trading decisions right or wrong always have a plan before you enter a trade so you don't get caught out.

Look at it now price has just dropped because Fed Chairman Bernanke Testifies
it could just as easily have gone up, that's why it's important to have a plan before trading begins.
Lesson learned here! Thanks, Steve. I was initially reluctant but when I saw your analysis, it made strong point to me. I did enter until after the entry candle overtook the signal one though (thought it was more conservative)...

Oh, well.. I shouldn't do CT's anyways.. It was childish.. And yes good point about the news release. I do not trade news live.

BIG REALIZATION:
It's just that when you are new you do not have a strong foundation. If anyone has been in a cave, they know. When the guide points at a cave formation and says: "This one we call Santa Claus. Here is the hat, that is the beard...".. and all of a sudden you are starting to see Santa Claus there even if it looked like Snow White to you at first... I hope you got my point...
  • #3,902
  • Jul 17, 2012 9:24am Jul 17, 2012 9:24am
Lets see how the CT is going to work on GU when the price hits the 55500 level.....there is 800ema as well..that will be a touch of daily 10ema...if you are experienced dont even attempt...folks with little experiece can try with a very small LOT...never take it without confirmation...from a very low TF...

you LONG if you intend to take should be within 0-8 pips from the RN....


lets see how its going to workout...the pair will reach its ADR if it hits that level...let see if it will go that far first...
Let all the living things live blissfully
  • #3,903
  • Jul 17, 2012 9:27am Jul 17, 2012 9:27am
Quoting loveevery1
Lets see how the CT is going to work on GU when the price hits the 55500 level.....there is 800ema as well..that will be a touch of daily 10ema...if you are experienced dont even attempt...folks with little experiece can try with a very small LOT...never take it without confirmation...from a very low TF...

you LONG if you intend to take should be within 0-8 pips from the RN....


lets see how its going to workout...the pair will reach its ADR if it hits that level...let see if it will go that far first...

take a look
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 18 KB
Let all the living things live blissfully
  • #3,904
  • Jul 17, 2012 9:27am Jul 17, 2012 9:27am
my wifes eu short today
thx imi
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ed.jpg Size: 147 KB
Click to Enlarge Name: eed.jpg Size: 99 KB
If you're going through hell, keep going. Winston Churchill
  • #3,905
  • Jul 17, 2012 9:41am Jul 17, 2012 9:41am
Quoting stevepatt
What ever you do don't piggy back into a trade, only ever trade using your own analysis.

You have to be able to live with your trading decisions right or wrong always have a plan before you enter a trade so you don't get caught out.

Look at it now price has just dropped because Fed Chairman Bernanke Testifies
it could just as easily have gone up, that's why it's important to have a plan before trading begins.
Steve:
This helped me so much since I stopped analysing free advice. As once said, "Free advice is worth every penny of it."

When I stopped chasing others advice and followed my plan I found I needed to change parts of my plan to improve my own advice. With time and experience one can learn from yourself and be better.

I bite my tongue not to say anything when someone posts "This is going up now; or is now going to _______. I finally learned observing experienced traders that no one knowledgeable says this. Just watch what people say to know if they are experienced or not.

What is even more obvious is comments after the fact telling others they should have done this or that not realizing experienced traders follow their management plan which I'm sure confuses someone inexperienced who would post this meaningless advice.

Only problem I have posting this is I'm still learning to be a profitable trader and open myself up to criticism stepping on someone's toes but seems it might help someone which is the intent.

Last few weeks I've slightly succeeded. lot of this came when I looked inside my several years of experience for advice.

Steve
  • #3,906
  • Jul 17, 2012 9:44am Jul 17, 2012 9:44am
Quoting loveevery1
Lets see how the CT is going to work on GU when the price hits the 55500 level.....there is 800ema as well..that will be a touch of daily 10ema...if you are experienced dont even attempt...folks with little experiece can try with a very small LOT...never take it without confirmation...from a very low TF...

you LONG if you intend to take should be within 0-8 pips from the RN....


lets see how its going to workout...the pair will reach its ADR if it hits that level...let see if it will go that far first...
Can you tell me how many days you have your ADR set to please.
  • #3,907
  • Jul 17, 2012 9:46am Jul 17, 2012 9:46am
Quoting Imi
my wifes eu short today
thx imi

Dont copy my reading mate...good on...
Let all the living things live blissfully
  • #3,908
  • Jul 17, 2012 9:47am Jul 17, 2012 9:47am
Quoting loveevery1
Lets see how the CT is going to work on GU when the price hits the 55500 level.....there is 800ema as well..that will be a touch of daily 10ema...if you are experienced dont even attempt...folks with little experiece can try with a very small LOT...never take it without confirmation...from a very low TF...

you LONG if you intend to take should be within 0-8 pips from the RN....


lets see how its going to workout...the pair will reach its ADR if it hits that level...let see if it will go that far first...
thanks, LE1, took 7 pips...

HT jdva
I never lose - either I win or I learn...
  • #3,909
  • Jul 17, 2012 9:47am Jul 17, 2012 9:47am
Quoting stevepatt
Can you tell me how many days you have your ADR set to please.
30 days mate...
Let all the living things live blissfully
  • #3,910
  • Jul 17, 2012 9:48am Jul 17, 2012 9:48am
Quoting loveevery1
30 days mate...
Thanks helps to be on the same page LOL
  • #3,911
  • Jul 17, 2012 9:50am Jul 17, 2012 9:50am
Quoting jdva
thanks, LE1, took 7 pips...

HT jdva

lets see how mine is gona go...lol...
Let all the living things live blissfully
  • #3,912
  • Jul 17, 2012 9:56am Jul 17, 2012 9:56am
Quoting stevepatt
Thanks helps to be on the same page LOL
Took 10+8= 18 pips on trades

morning 20+10+8=38 pips today,,,


God bless me...guys...i dint want to give this clue coz i wanted you guys to see how ir forms and when to take ...i did this today to get your account up...atleast plz post your charts atleast now...


You guys OWE ME FOR THIS>>>>>
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.png Size: 3 KB
Click to Enlarge Name: 5.png Size: 10 KB
Let all the living things live blissfully
  • #3,913
  • Jul 17, 2012 9:58am Jul 17, 2012 9:58am
Quoting loveevery1
Took 10+8= 18 pips on trades

morning 20+10+8=38 pips today,,,


God bless me...guys...i dint want to give this clue coz i wanted you guys to see how ir forms and when to take ...i did this today to get your account up...atleast plz post your charts atleast now...


You guys OWE ME FOR THIS>>>>>
But seriously dint realise that they will take profit this much see the same trade now...its over +25 pips....
Let all the living things live blissfully
  • #3,914
  • Jul 17, 2012 10:00am Jul 17, 2012 10:00am
Anybody took it...i cant be more direct than this...plz post..dont take the money and run away...
Let all the living things live blissfully
  • #3,915
  • Jul 17, 2012 10:04am Jul 17, 2012 10:04am
Quoting loveevery1
lets see how mine is gona go...lol...
yes, one could easily make about 20 pips with a 5 p. SL...very good idea!

thx, jdva
I never lose - either I win or I learn...
  • #3,916
  • Jul 17, 2012 10:12am Jul 17, 2012 10:12am
Quoting jdva
yes, one could easily make about 20 pips with a 5 p. SL...very good idea!

thx, jdva
Yeppy thats an advantage of this and it works like a charm if you rightly analyse,,,,thats where your experience will come into the picture..small SL and big profit...
Let all the living things live blissfully
  • #3,917
  • Jul 17, 2012 10:12am Jul 17, 2012 10:12am
Quoting loveevery1
Anybody took it...i cant be more direct than this...plz post..dont take the money and run away...
Didn't trade it but was watching, the more correlation you can find at a level the better chance you have for success.

Thanks for your help much appreciated.
  • #3,918
  • Jul 17, 2012 10:14am Jul 17, 2012 10:14am
Take a look
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 21 KB
Let all the living things live blissfully
  • #3,919
  • Jul 17, 2012 10:15am Jul 17, 2012 10:15am
GBP-USD

Referenced : Post 3775

Images as promised ...

Less than 70 pips = 12 days

70 pips + = 22 days
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Arpil0.png Size: 116 KB
Click to Enlarge Name: April2.png Size: 113 KB
Click to Enlarge Name: March0.png Size: 28 KB
Click to Enlarge Name: MArch1.png Size: 192 KB
Click to Enlarge Name: March2.png Size: 113 KB
Click to Enlarge Name: Mar3.png Size: 112 KB
Steadfastness is held above all success
  • #3,920
  • Jul 17, 2012 10:19am Jul 17, 2012 10:19am
Quoting loveevery1
Yeppy thats an advantage of this and it works like a charm if you rightly analyse,,,,thats where your experience will come into the picture..small SL and big profit...
GREAT JOB! I'm too green for Ct's.

A question to all: It seems you guys stopped looking at TDI crosses. Is this correct? If so, can someone put together a list of the new system/method rules? Most trades that are lately described here disregard TDI crosses and yellow line. Can you explain please? Should we newbies still adhere to TDI or should we drop it completely?

It seems the method has evolved... We need new set of principles outlined... if anyone is kind enough...

15 traders viewing now