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Another simple system - Time-Frame 15

  • #7,541
  • Sep 27, 2012 5:01am Sep 27, 2012 5:01am
Quoting Pip26
Hi Arjun,

you are right bro.. so far market is tricky this week.. not giving good setups.. there were some clear setups but during asian session. i also sometimes get frustrated with ranges...

I wanna suggest to new traders that please write your trading plan, write all the rules. and follow them strictly. dnt try to chase the every move of market. just trade what u looks for as per your trading rules. there can be few setups but consistency is more important than pips. when market will have good movement your pips will grow easily.
100% agreee
Let all the living things live blissfully
  • #7,542
  • Sep 27, 2012 5:14am Sep 27, 2012 5:14am
Quoting Pip26
Hi Arjun,

you are right bro.. so far market is tricky this week.. not giving good setups.. there were some clear setups but during asian session. i also sometimes get frustrated with ranges...

I wanna suggest to new traders that please write your trading plan, write all the rules. and follow them strictly. dnt try to chase the every move of market. just trade what u looks for as per your trading rules. there can be few setups but consistency is more important than pips. when market will have good movement your pips will grow easily.
im bored to the core and i wont trade even morrow...i started hating computers....lol...
Let all the living things live blissfully
  • #7,543
  • Sep 27, 2012 5:15am Sep 27, 2012 5:15am
Quoting Run
Hi
Could anybody explain ADR indi
How are you using this indi?
ADR indi is just to show you the range hi/low of the day.For example in an up day if price has already reach the average range it is not advisable to buy you should look for sell but its a counter trend play.Need experience to trade CT .A lot of factor you need to consider before taking CT like S/R ,divergence,candle formation etc.Just stick to 10ema you will have more than enough set up daily.
  • #7,544
  • Sep 27, 2012 5:19am Sep 27, 2012 5:19am
Quoting loveevery1
im bored to the core and i wont trade even morrow...i started hating computers....lol...
i m having headache since last day ... screen is hitting my head now.. and i m also thinking abt resting... i already got my weekly goal (+250).
  • #7,545
  • Sep 27, 2012 5:20am Sep 27, 2012 5:20am
My old greed habit has struck again this AM. Took a long on G/U at 1.6197, thought about closing for +18 when the PA stalled, but thought it looked good for at least +25 so just pulled my S/L up to +5 which got taken out.

I suppose +5 is better than -5

Still holding a short on E/J from 99.95 currently at +10.
Getting there, slowly but surely...
  • #7,546
  • Sep 27, 2012 5:22am Sep 27, 2012 5:22am
Hello traders.

Good day for pip hunting, it's been well said in this thread "There are no short cuts"

See the extent marketers will go to get your email address.

Wouldn't you even give your mt4 password for a smile like that.

There are no short cuts, my turn to profitability came after I started applying myself to this thread the layers started peeling back.

LE1 said there are several set-ups taught here just master 1 and you'll be on your way to profitability.

Happy Pipping.
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Let it turn and find your entry.
  • #7,547
  • Sep 27, 2012 5:23am Sep 27, 2012 5:23am
Quoting Pip26
i m having headache since last day ... screen is hitting my head now.. and i m also thinking abt resting... i already got my weekly goal (+250).
good on mate...take rest....market is always there....
Let all the living things live blissfully
  • #7,548
  • Sep 27, 2012 5:25am Sep 27, 2012 5:25am
Quoting Edlich
My old greed habit has struck again this AM. Took a long on G/U at 1.6197, thought about closing for +18 when the PA stalled, but thought it looked good for at least +25 so just pulled my S/L up to +5 which got taken out.

I suppose +5 is better than -5

Still holding a short on E/J from 99.95 currently at +10.
according to the rules of this method.. you target shld be 10-15 pips. previously i was also looking for home runs but now i m controlling my greed for small targets only.
  • #7,549
  • Sep 27, 2012 5:28am Sep 27, 2012 5:28am
whoever wants easy money click here....only males are allowed to click ....lol

when the market is slow i keep surfing....

http://www.bbc.co.uk/news/world-asia-19733003
Let all the living things live blissfully
  • #7,550
  • Edited 5:45am Sep 27, 2012 5:31am | Edited 5:45am
Quoting leztuh
Hello Arunaz,
I took the same trade (HTF confirmation, RN ,200&800 EMA, 4h 10EMA, TDI ouverbought 15min).
Im newbie (a few month in forex), backtesting simple method 15tf and trading on demo.

G/U +24
E/U +17


Thanks to all exerienced traders and master arjun for sharing this method and explanig it over and over again...

thanks
Hi Leztuh,

nice job I'am trading from pc in office, so I'am missing a lot of entries hope one day I will be able to become profitable trader and leave this house of pain
Can you specify the reason of TP on GU? Why did you decided to close it at this point?

Best regards
  • #7,551
  • Sep 27, 2012 5:36am Sep 27, 2012 5:36am
Quoting loveevery1
whoever wants easy money click here....only males are allowed to click ....lol

when the market is slow i keep surfing....

http://www.bbc.co.uk/news/world-asia-19733003
Lolzzzzzzzzz u call it easy money
  • #7,552
  • Sep 27, 2012 5:38am Sep 27, 2012 5:38am
Quoting Pip26
Lolzzzzzzzzz u call it easy money
it can be the most difficult way to earn easy money
  • #7,553
  • Sep 27, 2012 5:46am Sep 27, 2012 5:46am
anybody took these??? better to focus in trading stop planning abt Hong Kong offer
Attached Images
  • #7,554
  • Sep 27, 2012 5:48am Sep 27, 2012 5:48am
Quoting loveevery1
whoever wants easy money click here....only males are allowed to click ....lol

when the market is slow i keep surfing....

http://www.bbc.co.uk/news/world-asia-19733003
Master Arjuna.

Thanks so much for your tutelage and sharing.

Like Pat and Assange said trading is 20% technical and 80% psychological, I think we have more than covered the 20% we need in this thread.

My request is if you could give us your personal ingredients your take on the psychology of trading.
Why I'm asking is this for a long time I've not used BE in my trade management which leads to an outright loss a-times.
Yesterday on the only trade I took (cos of time constraints I'm still keeping my day job) I moved to BE after 10 pips like you normally do and since it was a CT and I was actually aiming for a BRN not long after the trade reversed and took me out then proceeded to where my SL was.

So I said Thank God for LE1.

I think if we all newbies and experienced traders alike get it right with trading Psychology we'd all be philanthropists in no time. I think that would be the icing on the cake of your legacy to us traders.

Please think about it.
Let it turn and find your entry.
  • #7,555
  • Sep 27, 2012 5:54am Sep 27, 2012 5:54am
due to work and my studies i can only trade one day a week which is a thursday. due to this trading is becoming a lot more difficult to see the trades. i have picked this one out

eu bounce of RN and close above 10 ema

criticism is welcomed
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  • #7,556
  • Sep 27, 2012 5:59am Sep 27, 2012 5:59am
Quoting hubby7
ADR indi is just to show you the range hi/low of the day.For example in an up day if price has already reach the average range it is not advisable to buy you should look for sell but its a counter trend play.Need experience to trade CT .A lot of factor you need to consider before taking CT like S/R ,divergence,candle formation etc.Just stick to 10ema you will have more than enough set up daily.
Thank you for explanation
  • #7,557
  • Sep 27, 2012 6:26am Sep 27, 2012 6:26am
Quoting Intrepidpips
Master Arjuna.

Thanks so much for your tutelage and sharing.

Like Pat and Assange said trading is 20% technical and 80% psychological, I think we have more than covered the 20% we need in this thread.

My request is if you could give us your personal ingredients your take on the psychology of trading.
Why I'm asking is this for a long time I've not used BE in my trade management which leads to an outright loss a-times.
Yesterday on the only trade I took (cos of time constraints I'm still keeping my day job) I moved to BE after 10 pips...
hello mate...

I agree that psychology plays a major role in trading..we doubt the best setups and fall prey to the worst setups coz of DOUBT.DOUBT is coz of FEAR.FEAR is give to us by evolution for survival.

FEAR....has its own PROs and CONs....It will let you be cautious before taking a trade(ANALYSING)....and at the same time it will let you miss a trade because you over analysed.....somtimes while you are on a trade...it will let you get out early with just 10 pips on the 50 pips running trend.and sometimes it will get you out at 10 pips at the exact reversal setups....

When you analyse all the above things.....GREED comes into the picture.MIND always wants more....you give him 10 pips next day MIND wants 20 pips and so on....if you see my pips it has considebly reduced...i was taking close to 30 pips a day when i started this thread....but these days the opposite has happened....i dont want and dont take more than 10 pips a day.doing the opposite of what was told to us.

By doing this i gain 2 things...One is the satifaction coz most of my trades will hit the TP...and less time.less energy..another reason is ....it is a cake walk to get 10 pips....what matters is the risk....my risk is my usual risk...no change in that....im getting the same money i would get with the 70 pips TP in just 10 pips....this doesnt mean i'm risking heavily....Hope you got my point......

MIND....its a wonderful creation.It always wants what it doesnt have....if a person has 99 million...it will not be happy at that time...rather it will worry thinking that i dont have 100 million.

Now how to tame it ??

Most of the traders think that they cant be succesful.why coz there is no confident..why there is no confident...coz they take losers...why they losers coz they dont follow the rules...or dont know how to trade......

Problem is in MIND....nothing comes from outside...there is a saying...""THEEDHUM NANDRUM PIRAR THARA VAARA"" which means GOOD AND BAD DOES NOT COME FROM OUTSIDE,IT COMES COZ OF YOUR OWN DEEDS""

To gain confidence...take pips that is easily achievable(for yourself) with 1:1 risk....not necessarily that need to take 1:1...you can even take 8 pips TP with 10 pips SL (but consistently).....I always say capital protection is more important.move to BE asap....that way you can extend your lifetime by another hour....no kidding...the more you get tensed less you live....no jokes...less you will be happy(equal to dying)....

always wait for your setup...you get in wrong trade coz your are frustrated sitting the whole day...i have done it...

some Basic caring...

1)Avoid foods that will trigger anger(chillies/non-veg/eggs)..you can use pepper

2)More anger leads to everything...Anger is like match stick....it will burn others burn it burns itself....

this is one of the most important posts i have made in this forum...if you watch this you are 80% profitable already....if you have nice method...you are profitable another 20%.....


Its upto us now...if we can do...lets do it...or we will be like one of those 95% traders....

STAY BLESSED
Let all the living things live blissfully
  • #7,558
  • Sep 27, 2012 6:39am Sep 27, 2012 6:39am
Thanx Le


Quoting loveevery1
[b][b][b][color=Red]

hello mate...

I agree that psychology plays a major role in trading..we doubt the best setups and fall prey to the worst setups coz of DOUBT.DOUBT is coz of FEAR.FEAR is give to us by evolution for survival.

FEAR....has its own PROs and CONs....It will let you be cautious before taking a trade(ANALYSING)....and at the same time it will let you miss a trade because you over analysed.....somtimes while you are on a trade...it will let you get out early with just 10 pips on the 50 pips running trend.and sometimes...
  • #7,559
  • Sep 27, 2012 6:45am Sep 27, 2012 6:45am
Quoting loveevery1
[b][b][b][color=Red]

hello mate...

I agree that psychology plays a major role in trading..we doubt the best setups and fall prey to the worst setups coz of DOUBT.DOUBT is coz of FEAR.FEAR is give to us by evolution for survival.

FEAR....has its own PROs and CONs....It will let you be cautious before taking a trade(ANALYSING)....and at the same time it will let you miss a trade because you over analysed.....somtimes while you are on a trade...it will let you get out early with just 10 pips on the 50 pips running trend.and sometimes...

I wish i can vouch u more and more and more.. you have very mature thinking bro... really wise explanation.

one thing bro.. when we gets ourselves active in some forums then as a noob we mostly try to post our big profits... it is like pip race. consider me as a example my daily target is reducing now day by day... and i m trying to set it with my needs only. i started with +100 and now yesterday and today i m happy with +50... no need to babysit just come get ur pips and go away. otherwise ur tomb will be your computer chair...
  • #7,560
  • Sep 27, 2012 7:02am Sep 27, 2012 7:02am
Quoting Pip26

. otherwise ur tomb will be your computer chair...


very well said....my brother...
Let all the living things live blissfully
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