Another simple system - Time-Frame 15 | Page 252 | 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

  • #5,021
  • Aug 13, 2012 10:33am Aug 13, 2012 10:33am
I took the AU trade.
Attached Image (click to enlarge)
Click to Enlarge Name: aum15.gif Size: 30 KB
  • #5,022
  • Aug 13, 2012 10:35am Aug 13, 2012 10:35am
Quoting notouch
I don't usually take them because I can't time them correctly. I have noticed that early in the NY session there is one final push in the direction of the London trend then at least a small (sometimes a total) reversal. Having booked profits by following the trend I'm usually too scared to give it away with a CT trade. I only take them if there is serious momentum behind the trade (like last Friday). I would love to hear how you and IMI time your CT trades. What signal do you wait for?
there is no magic my friend...i look only for the things...which i mentioned in those 3 points...obviously that needs to be confirmed by PA....when i see the slightest reversal i jump...

as you said....all the day traders will be profiting before the close of LO or FO
Let all the living things live blissfully
  • #5,023
  • Edited 10:35am Aug 13, 2012 10:35am | Edited 10:35am
Hi, goochie and notouch, we 3 took the same trade.

Keep pipping!!
  • #5,024
  • Aug 13, 2012 10:35am Aug 13, 2012 10:35am
Quoting xiaoxin
I took the AU trade.
Attachment
good on mate...dint see you in a while...busy with work huh?
Let all the living things live blissfully
  • #5,025
  • Aug 13, 2012 10:42am Aug 13, 2012 10:42am
Quoting loveevery1
3) market open and market close....very important...
Quick question :

What part do market open and market close play ?
Steadfastness is held above all success
  • #5,026
  • Aug 13, 2012 10:44am Aug 13, 2012 10:44am
Hi, Arjun, very nice to see you are here.
You are always kind and patient to help newbies like me

I'm not so busy as before and come back to our family here.
I train my eyes to see the charts as you tell us to do.
I will do more homework.

Love and Peace
Good pipping to everyone!
  • #5,027
  • Aug 13, 2012 10:44am Aug 13, 2012 10:44am
Quoting xiaoxin
Hi, goochie and notouch, we 3 took the same trade.

Keep pipping!!
i think we had the same teacher ;-)
Steadfastness is held above all success
  • #5,028
  • Aug 13, 2012 10:45am Aug 13, 2012 10:45am
Quoting notouch
Here's a tip Pacific - 'Don't predict - react!'

It seems you were trying to predict what the market might do instead of reacting to what it actually did. I can't see any reason to go long there (maybe you saw a good risk:reward trade there).
Hey Notouch -- Many thanks for your tip. Well received. My trading is already profitable, but when I could remove all trades from my journal where I had tried to catch falling knifes (including the profitable trades), I'd be killing it. Really have to work on this. Thanks again and good luck to you!!
  • #5,029
  • Aug 13, 2012 10:45am Aug 13, 2012 10:45am
Quoting goochie
Quick question :

What part do market open and market close play ?
you have a shop....you do business the whole day....and you take your profits home at the end of the day...applies to day traders...

whoever bought EU will exit in order to profit...for which they need to sell their position which will push the price down...


god bless
Let all the living things live blissfully
  • #5,030
  • Aug 13, 2012 10:47am Aug 13, 2012 10:47am
Quoting xiaoxin
Hi, Arjun, very nice to see you are here.
You are always kind and patient to help newbies like me

I'm not so busy as before and come back to our family here.
I train my eyes to see the charts as you tell us to do.
I will do more homework.

Love and Peace
Good pipping to everyone!
god bless you mate...keep pipping and keep helping...got to run...wife giving me weird looks...lol
Let all the living things live blissfully
  • #5,031
  • Aug 13, 2012 10:48am Aug 13, 2012 10:48am
Quoting loveevery1
you have a shop....you do business the whole day....and you take your profits home at the end of the day...applies to day traders...

whoever bought EU will exit in order to profit...for which they need to sell their position which will push the price down...


god bless
Thats an answer to a WHY question
Steadfastness is held above all success
  • #5,032
  • Aug 13, 2012 10:50am Aug 13, 2012 10:50am
Hi, goochie,
Thanks so much for your simple EMA indicator, which make it very easy, quick and convenient for me to read the chart.
Green pipping! You deserve it.
BR
  • #5,033
  • Aug 13, 2012 10:58am Aug 13, 2012 10:58am
Quoting Pacific
Expecting one more stop hunt below current swing low. If it happens, might take it long.

http://www.sierrachart.com/userimage...4863315695.png

Update: Ambush taken out, -5 pips. Didn't wait for PA confirmation. Was it a mistake? Not sure at the moment. Will analyze later. Stepping aside now, some office stuff waiting. Opinions appreciated.
As Notouch said, PA doesn't say long here at all (shouting "sell, sell!" instead, haha). If I had kept to my initial plan ("let's see what PA tells us around the 550 level"), I hadn't given back these 5 pips.

Well, that's the cost of training in the LE1 dojo, I guess.



Thanks buddies, for your great examples and lessons!
  • #5,034
  • Edited 12:50pm Aug 13, 2012 12:22pm | Edited 12:50pm
I thought I give you a short update on my little live test account...it's growing nicely...

Not all trades were perfect, but who cares as long you keep your SL tight and let your profits run.

Trading days: 8
Trades: 34
Wins: 24
Profit trades: 82.35%
Break-even: 5
Loss: 5
Gained Pips: 152

Starting balance: 5000
Actual balance: 5955.56
Net profit: 955.56
Net gain: 19.1% (remember: initial risk was always 1%, imagine if I had taken 2% or 3%...)

PS: My goal is to double the account to 10.000.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 37 KB
  • #5,035
  • Aug 13, 2012 12:37pm Aug 13, 2012 12:37pm
Quoting Olarion1975
I thought I give you a short update on my little live test account...it's growing nicely...

PS: My goal is to double the account to 10.000.


Very very nice, Olarion. About 84 more trades if you increase 20% every 34 trades. Thx for sharing and keep g(r)o(w)ing!
  • #5,036
  • Aug 13, 2012 12:41pm Aug 13, 2012 12:41pm
Quoting Pacific


Very very nice, Olarion. About 84 more trades if you increase 20% every 34 trades. Thx for sharing and keep g(r)o(w)ing!
Ha...thank you, Pacific! Nice wordplay...lol
  • #5,037
  • Aug 13, 2012 12:48pm Aug 13, 2012 12:48pm
Quoting xiaoxin
Hi, goochie,
Thanks so much for your simple EMA indicator, which make it very easy, quick and convenient for me to read the chart.
Green pipping! You deserve it.
BR
No problems mate,

We are all here to help each other ....

Peace profound ...
Steadfastness is held above all success
  • #5,038
  • Aug 13, 2012 7:04pm Aug 13, 2012 7:04pm
Quoting loveevery1
i should actively monitor the chart..or this is what will happen...BE lol
remember this...one
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 18 KB
Let all the living things live blissfully
  • #5,039
  • Aug 13, 2012 8:58pm Aug 13, 2012 8:58pm
Quoting loveevery1
Trust me mate...you wouldnt have heard anywhere in FF what im about to say....

CTs are the easiest and almost 100% singals...i will forward you a youtube video(if i get it)...i remember watching it year ago...there was this old lady in the US who takes only CTs...she is very profitable...

1) ADR
2) RN
3) market open and market close....very important...
Is she Shirley Hudson who trades the london close?
With God all things are possible.
  • #5,040
  • Aug 13, 2012 10:38pm Aug 13, 2012 10:38pm
Quoting Dehyah
Is she Shirley Hudson who trades the london close?
i really dont know the name of her...may be she is the one...i watched an interview on her on youtube..sorry cant recall the name...but i remember the video

Goochie @ http://www.forexmentor.com/londonclose/
Let all the living things live blissfully
27 traders viewing now