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Another simple system - Time-Frame 15

  • #4,941
  • Aug 10, 2012 7:51am Aug 10, 2012 7:51am
take a look at this...this is how i keep my stop...today was a bad day or may be its very too tight lol
Attached Image (click to enlarge)
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Let all the living things live blissfully
  • #4,942
  • Aug 10, 2012 8:00am Aug 10, 2012 8:00am
I am back -

today was a good day - LO for GU:




Update: Just shorted GU again (5 min ago) - got stopped out on BE (aimed for next RN) - too bad - was too greedy :-/
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  • #4,943
  • Aug 10, 2012 8:07am Aug 10, 2012 8:07am
Quoting loveevery1
take a look at this...this is how i keep my stop...today was a bad day or may be its very too tight lol

trying to lower my SL through entries on M1.... but still in the learning process
  • #4,944
  • Aug 10, 2012 8:21am Aug 10, 2012 8:21am
First picture G/U, second is A/U.
He does this all the time.
See how the 10 ema is getting close to the 800.
Than, look how it crosses it, wait for the pin or doji and bang.
Bulls eye shot.

I see these in my dreams( Iam sleeping at FO and LO)
Attached Images
If you're going through hell, keep going. Winston Churchill
  • #4,945
  • Aug 10, 2012 8:30am Aug 10, 2012 8:30am
and again...
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If you're going through hell, keep going. Winston Churchill
  • #4,946
  • Aug 10, 2012 8:49am Aug 10, 2012 8:49am
hi please , faramisen can i get your template , + all the indicators you ve on it ? please
  • #4,947
  • Aug 10, 2012 8:50am Aug 10, 2012 8:50am
Quoting binnie
Well done Imi,
You have a good understanding of Arjun's teachings. I wonder though, for the enjoyment of the many followers here, would you talk us through these 2 CT trades - reason for entry & exit, targets ,stops etc.
We follow your posts with great interest and always look forward to every traders success but sometimes we get a bit lost with charts shown. Generally I think we ( most of us anyway ) undertand what a CT is but the signals for entry are many and varied. Do you personally have a basic setup you follow?
I wish you every success-...
Hi Brian, good to see you
Arjun has taught us that ema's act like dynamic support/resistance.
Therefore price most often will bounce on these levels. Specially watch out for the first touch. When price approaches these levels I go down to the lower timeframe like M1 and look for confirmation (pinbar, doji, HL, or HH, close above 10ema) and enter.

In that G/U trade you ask about, I was very confident that price will bounce. Daily 10ema was there and also just 7 pips lower H4 200 ema.
To me it was very strong and I was confident about it. I went down to lower timeframe and you know the rest.
The only thing is, I should've added one more here.
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If you're going through hell, keep going. Winston Churchill
  • #4,948
  • Edited 9:28am Aug 10, 2012 9:17am | Edited 9:28am
Today was another good day for me...I have a few days off and can fully concentrate on trading..lol.

Just playing around with my screenshot software...look below.
It's my "trade of the day", G/U on M15. +23 pips that equals 6.4% account increase in my live test account.

Price is way below the 200ema and 800 ema (with the trend), retraced above the RN, then closed below the 10ema (took it a bit early at the cross during the candle). Another reason was that at H1 time frame price was at a previous support zone that became resistance.

PS: Price also bounced off yesterday's low!
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  • #4,949
  • Aug 10, 2012 9:24am Aug 10, 2012 9:24am
Quoting Olarion1975
Today was another good day for me...I have a few days off and can fully concentrate on trading..lol.

Just playing around with my screenshot software...look below.
It's my "trade of the day", G/U on M15. +23 pips that equals 6.4% account increase in my live test account.

Price is way below the 200ema and 800 ema (with the trend), retraced above the RN, then closed below the 10ema (took it a bit early at the cross during the candle). Another reason was that at H1 time frame price was at a previous support zone that became resistance.
If you're going through hell, keep going. Winston Churchill
  • #4,950
  • Aug 10, 2012 9:26am Aug 10, 2012 9:26am
Quoting Imi
Hi Brian, good to see you
Arjun has taught us that ema's act like dynamic support/resistance.
Therefore price most often will bounce on these levels. Specially watch out for the first touch. When price approaches these levels I go down to the lower timeframe like M1 and look for confirmation (pinbar, doji, HL, or HH, close above 10ema) and enter.

In that G/U trade you ask about, I was very confident that price will bounce. Daily 10ema was there and also just 7 pips lower H4 200 ema.
To me it was very strong and I was confident about it. I went...
Well done, Imi!

What was your SL on these M1 trades?
  • #4,951
  • Aug 10, 2012 9:28am Aug 10, 2012 9:28am
Hi LE1 and everyone else

Been a long while, I took some time off (though was peeking in sometimes) good thing this thread and the market is still there for all.

15 pips off EURAUD is not shabby I guess could have stayed for more but the previous candles were so small (LE1 always says 15pips a day is all you need to accumulate wealth in this market).

I'd have to go over a whole lot of posts to get up to speed but no one said anything good comes easy.

I'm sure you all caught some good trades.

Nice weekend all.

Henry
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Let it turn and find your entry.
  • #4,952
  • Aug 10, 2012 9:52am Aug 10, 2012 9:52am
1., Daily , third touch on trendline at RN.
2., M15
Attached Images
If you're going through hell, keep going. Winston Churchill
  • #4,953
  • Aug 10, 2012 9:55am Aug 10, 2012 9:55am
WOWWWWWW

What could have made this pair shoot up without warning?
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Let it turn and find your entry.
  • #4,954
  • Aug 10, 2012 10:11am Aug 10, 2012 10:11am
I didn't plan to trade today, but just saw this while I was posting.
got in a little late, but was good for a few pips
thx Imi
Attached Image
If you're going through hell, keep going. Winston Churchill
  • #4,955
  • Edited 11:06am Aug 10, 2012 10:14am | Edited 11:06am
Hey Imi, good reap buddy.



Same trade here. EU gave +18 away. Bounce on collusion: EMA200/800 on 15m, close to daily EMA10. Entry a little bit early about 1 min before the hour when hammer was formed. Target hit 6 min after entry.

@LE1: A voice told me that this was a sell. Fickle mind agreed, so we closed our eyes and jumped in together.

http://www.sierrachart.com/userimage...4611333944.png

Details: 1% on 18 pips. SL 6 pips. RRR 1:3. Profit 1%. Done for today with total of 1.75%. 30 more trades to go before racking up bigger lots.

BTW: You can also see my previous attempt to short EU. When I realized that (1) my entry was not good and (2) the trade was not high probability, I went out immediately, luckily break even. If I hadn't exited, EU would have punished me with -6 pips (before going my way, of course, haha). Thinking about it, not the market would have punished me but rather I myself.
  • #4,956
  • Aug 10, 2012 10:25am Aug 10, 2012 10:25am
Quoting Pacific
Hey Imi, good reap buddy.



Same trade here. EU gave +18 away. Bounce on collusion of EMAs: EMA200/800 15m, near daily EMA10. Entry a little bit early about 1 min before the hour when hammer was formed. Target hit 6 min after entry.

http://www.sierrachart.com/userimage...4611333944.png

Details: 1% on 18 pips. SL 6 pips. RRR 1:3. Profit 1%. Done for today with total of 1.75%. 30 more trades to go before racking up bigger lots.

right on
If you're going through hell, keep going. Winston Churchill
  • #4,957
  • Edited 10:50am Aug 10, 2012 10:34am | Edited 10:50am
Quoting loveevery1
All you have to do is follow the rules...exactly the way it was told....paticence is the KEY to everything in life...

Follow it...wait and take take your pips..

JUST THINK IT THIS WAY....YOU ARE GETTING PAID IN FOREX TO WAIT.THIS IS THE FACT
Thank you. Can't be said often enough. Printout hanging on my wall now.

  • #4,958
  • Aug 10, 2012 10:59am Aug 10, 2012 10:59am
Quoting Pacific
Hey Imi, good reap buddy.



Same trade here. EU gave +18 away. Bounce on collusion: EMA200/800 on 15m, close to daily EMA10. Entry a little bit early about 1 min before the hour when hammer was formed. Target hit 6 min after entry.

@LE1: A voice told me that this was a sell. Fickle mind agreed, so we closed our eyes and jumped in together.

http://www.sierrachart.com/userimage...4611333944.png

Details: 1% on 18 pips. SL 6 pips. RRR 1:3. Profit 1%. Done for today with total of 1.75%. 30 more...

You are learning fast mate....good on....watch your mind...lol
Let all the living things live blissfully
  • #4,959
  • Aug 10, 2012 11:00am Aug 10, 2012 11:00am
Quoting Imi
I didn't plan to trade today, but just saw this while I was posting.
got in a little late, but was good for a few pips
thx Imi
welldone....mate you really know how to repeat things everyday...hooray
Let all the living things live blissfully
  • #4,960
  • Aug 10, 2012 11:07am Aug 10, 2012 11:07am
Quoting Pacific
Hey Imi, good reap buddy.



Same trade here. EU gave +18 away. Bounce on collusion: EMA200/800 on 15m, close to daily EMA10. Entry a little bit early about 1 min before the hour when hammer was formed. Target hit 6 min after entry.

@LE1: A voice told me that this was a sell. Fickle mind agreed, so we closed our eyes and jumped in together.

http://www.sierrachart.com/userimage...4611333944.png

Details: 1% on 18 pips. SL 6 pips. RRR 1:3. Profit 1%. Done for today with total of 1.75%. 30 more...
when you take CTs(ADR) you always must wait for the ADR to reach to the nearest RN then go down to the 1mn or 5mn for the close below the 10ema and shoot....i rarely see 5mn for CT entries..but it will help you...

Dont go with your full lots now for CTs...sometimes before the price goes in your direction...it will go to the previous direction then fall...be careful never exceed your risk per day on these sometimes...what might happen is there will be a blow to one side for +250 pips...on those days there will be some pull when the price reaches ADR but after that it will continue in the same direction.thats why we split our usual lot to multiple chunks with the same risk percentage....by doing this on those days you will lose a maximum of that days percentage...god bless
Let all the living things live blissfully
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