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Another simple system - Time-Frame 15

  • #4,241
  • Jul 23, 2012 1:36am Jul 23, 2012 1:36am
Quoting orko_555
Hei Steve look what's happening with it. Price already penetrated 800 EMA, 200 ema is down, look at the pattern, so what're your ideas?
Cheers,
Roman.
Hi Orko,

I'm not good at predicting PA I like to let the market decide and then go with it.

I'm only looking for longer term levels that have acted as Support/Resistance and then trade the PA I'm presented with.

Regards

Steve
  • #4,242
  • Jul 23, 2012 1:43am Jul 23, 2012 1:43am
Quoting stevepatt
Hi Orko,

I'm not good at predicting PA I like to let the market decide and then go with it.

I'm only looking for longer term levels that have acted as Support/Resistance and then trade the PA I'm presented with.

Regards

Steve
Steve,
Thanks for your reply. Appreciate that
Cheers,
Roman.
  • #4,243
  • Jul 23, 2012 1:45am Jul 23, 2012 1:45am
Quoting orko_555
Hi LE1!
Take a look at this, seems for again the pattern, or an i paranoic with these patterns!!!
Roman.

hi roman...Im not much of a pattern guy....you wouldnt have seen me posting even one chart with the pattern out of all my posts...i try to sell when they sell and try to buy when they buy...thats all..

I watch for::::: When they are greedy and when they are scared..thats all....practice your eyes and it will be a cake walk...I'm not saying patterns dont work...im sayin this is how i see it...

SIMPLE AND SWEET...
Let all the living things live blissfully
  • #4,244
  • Jul 23, 2012 1:46am Jul 23, 2012 1:46am
Quoting stevepatt
Hi Orko,

I'm not good at predicting PA I like to let the market decide and then go with it.

I'm only looking for longer term levels that have acted as Support/Resistance and then trade the PA I'm presented with.

Regards

Steve
are EU finding support 1.2000??

just learning how to plot support & resistant..any experienced trader plz gv some feedback... thk u
  • #4,245
  • Jul 23, 2012 1:50am Jul 23, 2012 1:50am
Quoting lowweiting
are EU finding support 1.2000??

just learning how to plot support & resistant..any experienced trader plz gv some feedback... thk u
trust me you know how to do it.....reading is what matters mate...even the brainless indicator can do that job....but it cant analyse....thats where YOU come in the picture..

Trust me you know how to do it...
Let all the living things live blissfully
  • #4,246
  • Jul 23, 2012 1:57am Jul 23, 2012 1:57am
some serious question.....i would expect all the experienced traders to answer this question....



WHAT IF YOU KNOW FOR 98% CERTAIN THAT THE PRICE IS GOING TO FALL 8-10 PIPS FROM YOUR ENTRY LEVEL...

HOW MANY LOTS WILL YOU TAKE....????
Let all the living things live blissfully
  • #4,247
  • Jul 23, 2012 2:03am Jul 23, 2012 2:03am
+13 PIPS.....i have never taken this big in my trading career...coz i have never kept this small SL in my trading career...
Attached Image(s) (click to enlarge)
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Let all the living things live blissfully
  • #4,248
  • Jul 23, 2012 2:03am Jul 23, 2012 2:03am
Quoting lowweiting
are EU finding support 1.2000??

just learning how to plot support & resistant..any experienced trader plz gv some feedback... thk u
Hi Lowweiting,

Try putting the big round numbers 1.2000/1.3000 etc on the Daily Weekly and Monthly charts and look at PA around these large RNs.
  • #4,249
  • Jul 23, 2012 2:06am Jul 23, 2012 2:06am
Quoting loveevery1
its 4HR and 15min GU chart....

This is for you ORKO

ITs a RN...away ffrom 200ema 100 pips...a nice PPA from 4hr...its your take analyse and take it folks....
now you know how i trade...it is this simple...do not waste your energy jumping into risky trades....

this has not been TOLD anywhere in FF or outside...out of compassion i'm revealing it....if you still doubt ....then its not my issue...remember this was posted 45 minutes back...before it even formed...
Let all the living things live blissfully
  • #4,250
  • Jul 23, 2012 2:06am Jul 23, 2012 2:06am
Quoting loveevery1
some serious question.....i would expect all the experienced traders to answer this question....



WHAT IF YOU KNOW FOR 98% CERTAIN THAT THE PRICE IS GOING TO FALL 8-10 PIPS FROM YOUR ENTRY LEVEL...

HOW MANY LOTS WILL YOU TAKE....????
anybody???
Let all the living things live blissfully
  • #4,251
  • Jul 23, 2012 2:08am Jul 23, 2012 2:08am
a look on 5mn
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 9 KB
Let all the living things live blissfully
  • #4,252
  • Jul 23, 2012 2:19am Jul 23, 2012 2:19am
the price is right above the RN now...on GU...now if you see 123 pattern by candlestick confirmation(10ema)....jus go in for LONG....

I wont be here for LONG folks...learn////grab ASAp
Let all the living things live blissfully
  • #4,253
  • Jul 23, 2012 2:19am Jul 23, 2012 2:19am
Quoting stevepatt
Hi Lowweiting,

Try putting the big round numbers 1.2000/1.3000 etc on the Daily Weekly and Monthly charts and look at PA around these large RNs.
thk for reply...

will learn it faster and join u all to help each others....
  • #4,254
  • Jul 23, 2012 2:23am Jul 23, 2012 2:23am
Quoting loveevery1
some serious question.....i would expect all the experienced traders to answer this question....



WHAT IF YOU KNOW FOR 98% CERTAIN THAT THE PRICE IS GOING TO FALL 8-10 PIPS FROM YOUR ENTRY LEVEL...

HOW MANY LOTS WILL YOU TAKE....????
Part of your trading plan should deal with % amount of account used for each trade.

SL size should determine the amount of lots placed on each trade if your very confident of a trade working the smaller your SL the more lots you can use.
  • #4,255
  • Jul 23, 2012 2:26am Jul 23, 2012 2:26am
Quoting loveevery1
some serious question.....i would expect all the experienced traders to answer this question....



WHAT IF YOU KNOW FOR 98% CERTAIN THAT THE PRICE IS GOING TO FALL 8-10 PIPS FROM YOUR ENTRY LEVEL...

HOW MANY LOTS WILL YOU TAKE....????
asually no reply!!

perhaps folks are waiting to take trades...
Let all the living things live blissfully
  • #4,256
  • Jul 23, 2012 2:28am Jul 23, 2012 2:28am
Le1 will take a 3 lot that is save for me
  • #4,257
  • Jul 23, 2012 2:28am Jul 23, 2012 2:28am
Quoting stevepatt
Part of your trading plan should deal with % amount of account used for each trade.

SL size should determine the amount of lots placed on each trade if your very confident of a trade working the smaller your SL the more lots you can use.
Mate...do you think i dont know this...LOL....

lemme put it in a different way,,,,how much would you risk in terms of percentage....???

say if you were risking 1% on every trade...if you are 98% SURE....what will be your risk at that time...
Let all the living things live blissfully
  • #4,258
  • Jul 23, 2012 2:33am Jul 23, 2012 2:33am
Quoting loveevery1
Mate...do you think i dont know this...LOL....

lemme put it in a different way,,,,how much would you risk in terms of percentage....???

say if you were risking 1% on every trade...if you are 98% SURE....what will be your risk at that time...
The maximum amount your prepared to risk on each trade be that 5% or 10% of your account at risk
  • #4,259
  • Jul 23, 2012 2:35am Jul 23, 2012 2:35am
Quoting stevepatt
The maximum amount your prepared to risk on each trade be that 5% or 10% of your account at risk
thanks steve anyone else????
Let all the living things live blissfully
  • #4,260
  • Jul 23, 2012 2:35am Jul 23, 2012 2:35am
If I was 98% sure (most time I am not) that price makes a certain move, I would risk at least 20% of my account.
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