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Another simple system - Time-Frame 15

  • #4,961
  • Aug 10, 2012 11:07am Aug 10, 2012 11:07am
Quoting Pacific
Thank you. Can't be said often enough. Printout hanging on my wall now.

hahaha
Let all the living things live blissfully
  • #4,962
  • Aug 10, 2012 11:08am Aug 10, 2012 11:08am
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....
Mate...i took the same trade and lost(-3 very stingy today) you won...now tell me who is the master around????lol
Let all the living things live blissfully
  • #4,963
  • Aug 10, 2012 11:09am Aug 10, 2012 11:09am
Quoting Intrepidpips
WOWWWWWW

What could have made this pair shoot up without warning?
mate...dint see in a while...??
Let all the living things live blissfully
  • #4,964
  • Aug 10, 2012 11:16am Aug 10, 2012 11:16am
Quick +7 pips on GU ADR trade

Cheers
Attached Image
  • #4,965
  • Aug 10, 2012 8:04pm Aug 10, 2012 8:04pm
Quoting Intrepidpips
WOWWWWWW

What could have made this pair shoot up without warning?
Just a guess but two or three factors probably came together to cause this:

First- volitility (volume) appeared to be lite in most pairs today compared to earlier this week and it was in the later part of the NewYork session when things start to dry up even more.
Second- the two daily lows were testing the 4hr 200 ema which has been acting as a support area. (look at a 4 hour chart).
Third- Either The big boys (hedge funds etc.) were exiting positions to avoid exposure to adverse news over the weekend Or ... More likely (if you look at the GBPCHF ) the Swiss central bank bought Pounds to help rebalance there forigen cash account. So price rebounded to its upper channel resistance quickly.
  • #4,966
  • Aug 10, 2012 8:58pm Aug 10, 2012 8:58pm
I have been busily reading the posts and other things about TDI. Thanks for sharing, it looks very promising and I will be following along. I am sure I will have some questions once I get ready to trade this system (Demo), but want to finish all the posts first.....Thanks again for sharing!!!
  • #4,967
  • Edited 2:34am Aug 11, 2012 2:11am | Edited 2:34am
Quoting Intrepidpips
WOWWWWWW

What could have made this pair shoot up without warning?
Perhaps the market drivers / big banks simply needed to flush their books. The Oanda Order Book indicated that a majority of retail traders held profitable short positons (see the orange hump in the first Open Positions diagram), meaning that the large banks were holding the losing counter position. This rarely holds up for very long. Driving the price up erased that "imbalance" (from the big boys' point of view, lol), i.e. stopped out the retailers and small hedge funds.

Before:

http://i.imgur.com/fLrl8.png

After:

http://i.imgur.com/w7H1G.png

Please use this information with care. Even though I find the Oanda Order Book often useful for explaining sudden otherwise unexplainable moves, this data hasn't helped me to trade more profitable. Also keep in mind that this data only represents the positions of Oanda's retail customers (Oanda is the third largest retail broker but this should still account for less than 2% of total market volume, it's just a small sample).

Good luck to you, Intrepidpips!
  • #4,968
  • Aug 11, 2012 2:13am Aug 11, 2012 2:13am
Quoting loveevery1
Look for the maximum chance to win a trade mate....ofcourse the market moves the whole day..but experienced traders dont enter at all times...they wait for their setup and when it forms they just dive without hesitation.

We cant trade the whole day...and its not required....watch your MIND lol
thanks bro, most appreciated.
Enter Signature
  • #4,969
  • Aug 11, 2012 2:54am Aug 11, 2012 2:54am
Well with Friday afternoons - i am usually careful and try not to trade it - cause I have noticed that often these sudden moves happen on a friday afternoon....
  • #4,970
  • Aug 11, 2012 6:23am Aug 11, 2012 6:23am
Quoting loveevery1
mate...dint see in a while...??
Hey I'm back on the block, full throttle!!
Let it turn and find your entry.
  • #4,971
  • Aug 11, 2012 6:42am Aug 11, 2012 6:42am
Quoting Faramirsen
Well with Friday afternoons - i am usually careful and try not to trade it - cause I have noticed that often these sudden moves happen on a friday afternoon....
I'll pay close attention to this and check back thru history. One thing though most of those big moves can be caught by a good knowledge of divergence.

Take a look.
Attached Image (click to enlarge)
Click to Enlarge Name: DIVERGENCE_PLAY.png Size: 97 KB
Let it turn and find your entry.
  • #4,972
  • Aug 11, 2012 6:56am Aug 11, 2012 6:56am
Quoting Intrepidpips
I'll pay close attention to this and check back thru history. One thing though most of those big moves can be caught by a good knowledge of divergence.

Take a look.
Hey just checked now and I found the immediate past Friday (3rd August) had a big move slow but big and there was also a divergence play, I guess we all need some Divergence education to do and add to our swelling trading arsenal.

I'll look some more
Let it turn and find your entry.
  • #4,973
  • Aug 13, 2012 2:08am Aug 13, 2012 2:08am
here is 10 pips coming on GU....bounce off weekly 10ema
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 12 KB
Let all the living things live blissfully
  • #4,974
  • Aug 13, 2012 2:33am Aug 13, 2012 2:33am
Quoting loveevery1
here is 10 pips coming on GU....bounce off weekly 10ema
good start - i missed that
  • #4,975
  • Edited 2:52am Aug 13, 2012 2:39am | Edited 2:52am
Bounce from 4h EMA10. Already >10 in profit SL be. Target +15 [corrected from +10].

http://www.sierrachart.com/userimage...4843455185.png

Update: Out +15.

First entry 1.2290 was too hasty. Entered a second 1.2293. Exit first be, second +15. SL was 6 pips on each. 1% equity on 18 pips. Not my best trade management, because I was in two full trades for a short time. Too much risk for my standard.
  • #4,976
  • Aug 13, 2012 2:43am Aug 13, 2012 2:43am
Quoting Pacific
Bounce from 4h EMA10. Alrready >10 in profit SL be. Target +10.

http://www.sierrachart.com/userimage...4843455185.png

Update: Out +15.
you scalp really good mate...keep it up
Let all the living things live blissfully
  • #4,977
  • Edited 2:47am Aug 13, 2012 2:47am | Edited 2:47am
Quoting loveevery1
you scalp really good mate...keep it up
i shorted the same candle and got out now for +5 pips..bit late entry mate...i wish you told that the trade was happening....was busy watching movie

bounce legacy....i just love the series...
Let all the living things live blissfully
  • #4,978
  • Aug 13, 2012 2:54am Aug 13, 2012 2:54am
hello all!
think of shorting EU close to 10ema as TDI is alignin with that
alots of resistance above price at the moment
any comments pls welcome
Attached Image (click to enlarge)
Click to Enlarge Name: 102198 VantageFX Trader - [EURUSD,M15]_2012-08-10_08-31-16.jpg Size: 105 KB
Enter Signature
  • #4,979
  • Aug 13, 2012 2:59am Aug 13, 2012 2:59am
Quoting kbforex
hello all!
think of shorting EU close to 10ema as TDI is alignin with that
alots of resistance above prive at the moment
any comments pls welcome
im short GU already...mate...now its with 3 pips SL and im targeting 10 pips....let see what happens...its up 5 pips now...
Let all the living things live blissfully
  • #4,980
  • Aug 13, 2012 3:03am Aug 13, 2012 3:03am
Quoting loveevery1
you scalp really good mate...keep it up
Thank you teacher. On a lucky streak since I got under your influence.

BTW, the word for teacher / professor in Thai language is Ajaan.
http://www.thai-language.com/id/138375

It is derived from an old Pali/Sanskrit word. May I ask if your name (Arjun, if I remember correctly) is also related to this meaning?
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