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Another simple system - Time-Frame 15

  • #6,781
  • Sep 18, 2012 6:56am Sep 18, 2012 6:56am
thanks Big Arjun , i did 10 pips on NY op but right now we have a pin on 15 mn and HT4 support. Some thoughts
  • #6,782
  • Sep 18, 2012 7:05am Sep 18, 2012 7:05am
Quoting loveevery1
Another AU 13 pips
Hi loveevery1
sometimes when you have time can you put the image
with the entry exit for btest ??

something like this?


it's more clear for a beginner (me)
Attached Image
  • #6,783
  • Sep 18, 2012 7:38am Sep 18, 2012 7:38am
ok i see , i stay with the 10eam on 15mnTF
  • #6,784
  • Sep 18, 2012 7:42am Sep 18, 2012 7:42am
Quoting loveevery1
Another AU 13 pips
Nice trading Master Argun

ww xxx
'May God guide you on your life's journey...'
  • #6,785
  • Edited 8:18am Sep 18, 2012 7:49am | Edited 8:18am
Boxed and ready. Need the 200ema



Gibril
Attached Image (click to enlarge)
Click to Enlarge Name: gu 166 ticks.gif Size: 285 KB
  • #6,786
  • Sep 18, 2012 7:52am Sep 18, 2012 7:52am
Quoting vickytej2301
loveevery1, sir.. i want to ask :

how can we set the exit position to maximize pips ?

what is the exit rule, so we can maximize gained pips ?


thank you very much. God bless you.

-vicky-
Hello Vicky,

I am just a fellow newbie and certainly no expert, but from my understanding from reading the thread a reasonable rule would be to trade to a R:R of 1:1 a suggestion would be 20 pip TP 20 pip SL. Alternatively you could use a previous swing high/ low as I have posted on my screenshots and aim for the new pivot/ round number but always trying to obtain at least 1:1.

If there is anything to add I am sure one of the experts will be along soon.

My best advise to you would be to try an protect your assets above all by moving your stop to BE as soon as you have about 12 pips profit or whatever is comfortable for you.

If you want to try and let you trades run a bit you could try using the cross of the red and green lines on the TDI, but it is not some thing I have tried, so cannot comment very much on that

Hope this helps

ww xxx
'May God guide you on your life's journey...'
  • #6,787
  • Edited 8:06am Sep 18, 2012 7:53am | Edited 8:06am
Very smooth Aussie `123 pips below 200ema


Gibril
Attached Image (click to enlarge)
Click to Enlarge Name: au 146 ticks.jpg Size: 243 KB
  • #6,788
  • Edited 8:16am Sep 18, 2012 7:58am | Edited 8:16am
EU hesitate at 200 ema at Tokyo bounce BRN 1.31000



Gibril
Attached Image (click to enlarge)
Click to Enlarge Name: eu 186 ticks.jpg Size: 220 KB
  • #6,789
  • Sep 18, 2012 8:18am Sep 18, 2012 8:18am
I know newbies need to avoid CT trades, but I would like to start a gallery of trades which I feel may be correct.

Can any experts advise me of whether this CT trade on Au would of been valid, I realise it may just be to close to the 800MA though. The stop was 16 pips and if I had of got out at the MA it would of made 17pips

Take Care

ww xxx
Attached Image (click to enlarge)
Click to Enlarge Name: au ct - trade1.gif Size: 33 KB
'May God guide you on your life's journey...'
  • #6,790
  • Sep 18, 2012 8:26am Sep 18, 2012 8:26am
Hi All,

-20 pips on EU M15 (short)

Can you give me some advice what was wrong with my trade entry?

1. London and New York Session
2. Price below 200 EMA, 4HR 10EMA and PP
3. Heiken Ashi closed below 10 EMA
4. TDI: yellow under 50, green and red under yellow, green crossed red

Thanks for your reply!
Attached Image (click to enlarge)
Click to Enlarge Name: 20120918_EURUSD.png Size: 20 KB
  • #6,791
  • Sep 18, 2012 8:36am Sep 18, 2012 8:36am
Hello kutyuli,

I am just a newbie, so I am sure somebody with more experience will answer your question better than I can but to me it looks as though you entered the trade to late.

ww xxx

Quoting kutyuli
Hi All,

-20 pips on EU M15 (short)

Can you give me some advice what was wrong with my trade entry?

1. London and New York Session
2. Price below 200 EMA, 4HR 10EMA and PP
3. Heiken Ashi closed below 10 EMA
4. TDI: yellow under 50, green and red under yellow, green crossed red

Thanks for your reply!
'May God guide you on your life's journey...'
  • #6,792
  • Sep 18, 2012 8:36am Sep 18, 2012 8:36am
EU M15

Today multiple closure with "EMA10 violation"

Downtrend but... many closures over EMA10 and then reverse to down!

Why this?

Thanks!
  • #6,793
  • Sep 18, 2012 8:37am Sep 18, 2012 8:37am
Auzzie Valid for CT



Gibril
Attached Image (click to enlarge)
Click to Enlarge Name: au 636 ticks.gif Size: 295 KB
  • #6,794
  • Sep 18, 2012 8:50am Sep 18, 2012 8:50am
Quoting wonderwoman
Hello kutyuli,

I am just a newbie, so I am sure somebody with more experience will answer your question better than I can but to me it looks as though you entered the trade to late.

ww xxx
Thank you wonderwoman for the answer!

Yes, maybe you are right, but it is pretty hard to find the best moment when I should enter the trade Additionally, I wouldn't like to risk more than 20 pips.

But I have to practice and practice and I can reach my points

Anyway, I am working an expert advisor which based on this strategy (MQL4). Would anyone like to cooperate with me? I think not just the programming part of the "project", but the strategy and useful advices.

Good pipping!
  • #6,795
  • Sep 18, 2012 9:01am Sep 18, 2012 9:01am
Quoting wonderwoman
I know newbies need to avoid CT trades, but I would like to start a gallery of trades which I feel may be correct.

Can any experts advise me of whether this CT trade on Au would of been valid, I realise it may just be to close to the 800MA though. The stop was 16 pips and if I had of got out at the MA it would of made 17pips

Take Care

ww xxx
hi ww can you let me know what indicator you use for the adr display, and also what is the yello curve set at?

the screen is very calm!


can you pls attach the indi or template
If ask a silly question.. forgive me!i'm just confused again!
  • #6,796
  • Sep 18, 2012 9:12am Sep 18, 2012 9:12am
What is really the Secret of Master Arjun in his trade.

I saw a lot of New & Experience are looking at 10/50/200emas or any other emas you want to put in.

But his real secret is................... (drum rolllll)


Quoting loveevery1
hello folks

This strategy is based purely on price action.ust to confirm the same we will look where the price is bouncing off from................
I will explain in detail how to take these bounce trades after..........................

Quoting loveevery1

this is a reentrythe price was also bouncing off the Round number level..............

Quoting loveevery1
thread..the crossseveral supporting factors 1)it was a double top..2)bouncing off of a RN..3)the price ..

Quoting loveevery1

sometimes what happens is the green will just bounce off ..........PATIENCE PAYS

Quoting loveevery1

..i have clearl stuck between the coz the price will bounce off of the 2 lines and it will take ages to break... .


Quoting loveevery1
I dint for the price to bounce between them.i have notices this in the past.and it dint feel quite right to me.if you see u were take a trade bouncing off of the 200ema.i


Quoting loveevery1

The first white candle did the 200ema. what might happen is the price could have bounced off that level very easily.the second white candle




Quoting loveevery1

entered at the right marked .this is what i call bounce entry.you simplymade 35 pips now..unfortunately i wasnt at my desk to trade that..i miss it..




Quoting loveevery1
......posting few chartswhat bounce is ...not according to the rules...just the bounce trades...on Higher TF




Quoting loveevery1

.......look at the number of times it has bounced off the 200 ema after to the other side of the 200 ema...this will tell ..




Quoting loveevery1
i will post the same chart with explanation.see the number of times the price has bounced off the RN.and it finally closed below.......



Quoting loveevery1
In GU the price is bouncing between the 800 and 200 ema ...i will wait for the price to break.mate




Quoting loveevery1
following scenario

a) you go long....... or bounces off above the yellow line or crosses or bounces on the yellow line...

b)vis ...




Quoting loveevery1
Gu the price is inbetween the ...we even talked about how the price would bounce between them.last friday

it wud have been a good trade ,.......not there.coz its bouncing off the RN which is good sign..nice buy signal...its ok to have cheers


Quoting loveevery1
it will go down and bounce back...it wil be a good bounce i guess...lets wait for that setup...folks




[quote=loveevery1;5489338]
Ok folks...both the trades are bounce trades as there was no cross after the .........quote]







Quoting loveevery1

Is that a cross buddy?,, its hardly visible.looks like a bounce to me.after some many setups i see a fail trade.its a part of ..........


Quoting loveevery1

there are few setups for advanced traders..they could have taken the bounce off the 200ema. confuse newbies.


Quoting loveevery1
example...see where the price is bouncing off from...its a RN.so there and on our strategy this is a sell singal.excellent momemtum coz of LO


Quoting loveevery1
you will go long after the.......if all the conditions are met.thre is also a bounce ......you need experience mate....hang on you will be successful


Quoting loveevery1
nzdusd is below the 200ema mate...only if it was above the 200ema that wud have been a very good bounce trade..keep watching...trade the pair you know better..good luck
LOOK AT WHERE THE EMAS BOUNCES FROM, NOT LOOKING AT PA IS ABOVE OR BELOW EMAS.

Logically above all, look at price action. Indentify obvious sup/res levels (this includes xx00, xx50 levels) and use these levels in combination with the above to look for entry points and exit levels.





And finally............

Quoting loveevery1
Take a look at this chart after US open...dont knw why this system works...
Master is wondering WHY his system works ? lol........



Gibril
  • #6,797
  • Sep 18, 2012 9:15am Sep 18, 2012 9:15am
Hello kutyuli

I have had another look at your trade, another reason for your trades possible failure is the market had already made 3 attempts at trying to break down below the area were you sold, the was quite a high risk in my opinion that it could fail.

Although I am just a newbie trader so don't take my comments as gospel, just trying to learn from other peoples failed trades.

Take Care

ww xxx
'May God guide you on your life's journey...'
  • #6,798
  • Sep 18, 2012 9:18am Sep 18, 2012 9:18am
Quoting Gibril
Auzzie Valid for CT



Gibril


Is this a bounce of 40 pips ? wonderwoman http://www.forexfactory.com/images/s...ser_online.gif Wonderwomen saw it, in post #6793. She's very smart traders.



Gibril
  • #6,799
  • Sep 18, 2012 9:22am Sep 18, 2012 9:22am
Today trade :EJ +3,+21,+16 & -21 = 19pip EU:+20 & + 17
Total of 56pip today but yesterday loss 17pip.

Thanks Loveery1,
  • #6,800
  • Sep 18, 2012 9:38am Sep 18, 2012 9:38am
Quoting smarco
EU M15

Today multiple closure with "EMA10 violation"

Downtrend but... many closures over EMA10 and then reverse to down!

Why this?

Thanks!

Post #6800 has the answer ( must be RN.........lol)


GibRil
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