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Another simple system - Time-Frame 15

  • #7,561
  • Sep 27, 2012 7:17am Sep 27, 2012 7:17am
Following on from my earlier trade were I sold EU (posted earlier today).
In hindsight this would of been a much nicer entry. Lovely pinbar off the 200MA
ww xxx
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15min tt - correct.gif Size: 34 KB
'May God guide you on your life's journey...'
  • #7,562
  • Sep 27, 2012 7:20am Sep 27, 2012 7:20am
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...
Great post dear Master Argun
Take Care
ww xxx
'May God guide you on your life's journey...'
  • #7,563
  • Sep 27, 2012 7:46am Sep 27, 2012 7:46am
Quoting wonderwoman
Following on from my earlier trade were I sold EU (posted earlier today).
In hindsight this would of been a much nicer entry. Lovely pinbar off the 200MA
ww xxx
Hi wonderman, I did the same trade but.......hmm my sl :/
what was wrong?
  • #7,564
  • Sep 27, 2012 7:50am Sep 27, 2012 7:50am
[quote=Pip26;6047611]
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...[/QUOT

Thanks Master Arjuna

None could say it better.

Take your 10 pips and walk, boldly take your set-ups when you identify them, place your SL, TP and BE orders and at the end of the week or month you'll average hefty profits.

I started trading with the mind set of 100 pips a day and that got me in trouble but like today I've had just 24 and the market may do 300 but I'm okay and at peace important thing is my capital is protected and growing.

Best Contributor, Best Thread on FF!
Let it turn and find your entry.
  • #7,565
  • Sep 27, 2012 8:03am Sep 27, 2012 8:03am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Quoting Edlich
Having been through a lot of this thread and seeing the different approaches and 'bending' of the original rules, I took a few trades and got them wrong.

This post from Jep hit home, thanks Jep.

Today I stuck to 15m t/f, basic rules only, not much happening, one trade G/U short, one winner +21 pips.

I can live with that for a quiet day, Thanks Jep and Thanks Loveevery1
You are welcome Edlich. Happy it helped.
  • #7,566
  • Sep 27, 2012 8:24am Sep 27, 2012 8:24am
Quoting fxbloom
Hi wonderman, I did the same trade but.......hmm my sl :/
what was wrong?
Hello fxbloom,

Where did you put your SL when you took the trade? I always try and put my SL either above or below a swing high or low and preferably above or blow a RN.

ww xxx
'May God guide you on your life's journey...'
  • #7,567
  • Sep 27, 2012 8:29am Sep 27, 2012 8:29am
Quoting wonderwoman
Following on from my earlier trade were I sold EU (posted earlier today).
In hindsight this would of been a much nicer entry. Lovely pinbar off the 200MA
ww xxx
Hindsight. I tried to order some from Amazon but they had sold out, if only I had known.
Cut your Losers short and let your Winners run.
  • #7,568
  • Sep 27, 2012 8:35am Sep 27, 2012 8:35am
Quoting Pip26
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.
Thanks Pip26, this is the hardest part for me and one I need to work on. I find it very difficult to take 15 pips, when the market looks line it will run on for a lot more, regardless of how many times (like today) i'm proven wrong!
Getting there, slowly but surely...
  • #7,569
  • Sep 27, 2012 8:37am Sep 27, 2012 8:37am
Quoting dee50
Hindsight. I tried to order some from Amazon but they had sold out, if only I had known.
Hello dee50,

Very true, but i I just posted the hindsight chart for reference, I made 15pips from my original trade, just that the 2nd setup is cleaner.

ww xxx
'May God guide you on your life's journey...'
  • #7,570
  • Sep 27, 2012 8:56am Sep 27, 2012 8:56am
Quoting loveevery1


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

I had to read it 3 times for the words to sink in permanently. Thank you so much Arjun.
Let your plan trade for you, not your emotion!!!
  • #7,571
  • Sep 27, 2012 9:21am Sep 27, 2012 9:21am
I just made a pdf file of Arjuna's RED letters post.

You can download and print for easy reference like I have.
Attached File(s)
File Type: pdf WORDS OF GOLD.pdf   85 KB | 1,183 downloads
Let it turn and find your entry.
  • #7,572
  • Sep 27, 2012 9:23am Sep 27, 2012 9:23am
Hello Arunaz,
I set TP at this point because of yesterday, where the price dibbled two times from RN and 800EMA to this mark.

please have in mind that iam a totally newbie !!
greetings
Attached Image (click to enlarge)
Click to Enlarge Name: gu-15-stoploss.gif Size: 35 KB
  • #7,573
  • Edited 10:07am Sep 27, 2012 10:06am | Edited 10:07am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
I am aware that certain advnced members have taken off training wheels and pay more attention to the chart vs. if any to TDI.

For the rest of us, I found this video here he talks about "The Hidden Secret of the TDI" I hope it helps someone and I hope brother Arjun will bless it being shared.

http://www.compassfx.com/video/flash/43008/43008.html

Thank you.

JEP
  • #7,574
  • Sep 27, 2012 10:13am Sep 27, 2012 10:13am
Is it just me, or has today been tough to trade? I've ended up in the red, albeit if I had taken heed of LE1's big red post recently, I'd have faired much better.

I'd be very interested to hear of any successful trades in today's market.

Cheers
Getting there, slowly but surely...
  • #7,575
  • Sep 27, 2012 10:20am Sep 27, 2012 10:20am
Quoting loveevery1
thoughts...
My brother Arjun, here is what I think.
Good news is I read your mind, I was thinking the same thing, last
night in late asia session. 6 4hr candles could not make a bounce off the
200ema.
I entered on m15, set my stop, and had to go to bed. The rest is on the
chart, the Frankfurt boys took out my stop to the dot.
They took my stop out, but they can't take away what I've learned from you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Greenshot_2012-09-27_10-59-12arjunpics..png Size: 125 KB
Click to Enlarge Name: Greenshot_2012-09-27_10-49-38eyh4.png Size: 20 KB
If you're going through hell, keep going. Winston Churchill
  • #7,576
  • Sep 27, 2012 10:33am Sep 27, 2012 10:33am
Quoting Imi
My brother Arjun, here is what I think.
Good news is I read your mind, I was thinking the same thing, last
night in late asia session. 6 4hr candles could not make a bounce off the
200ema.
I entered on m15, set my stop, and had to go to bed. The rest is on the
chart, the Frankfurt boys took out my stop to the dot.
They took my stop out, but they can't take away what I've learned from you.
Hahaha....you need to give it back some days....i dont remember the last time you took a loss....lol....stay blesd
Let all the living things live blissfully
  • #7,577
  • Sep 27, 2012 10:35am Sep 27, 2012 10:35am
Quoting Edlich
Is it just me, or has today been tough to trade? I've ended up in the red, albeit if I had taken heed of LE1's big red post recently, I'd have faired much better.

I'd be very interested to hear of any successful trades in today's market.

Cheers
brother...take maximum of one loser per session....this is watch your frustration...this is let you take only the proper setups....PATIENCE PAYS...
Let all the living things live blissfully
  • #7,578
  • Sep 27, 2012 10:37am Sep 27, 2012 10:37am
[quote=Intrepidpips;6047855]
Quoting Pip26

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...
Thank you for getting that out of me....you are responsible for that post...not me....i know nothing...

what matters at the end of the day is PEACE....we got to do what it takes to get peace....lol stay blesd
Let all the living things live blissfully
  • #7,579
  • Sep 27, 2012 10:41am Sep 27, 2012 10:41am
Quoting loveevery1
Hahaha....you need to give it back some days....i dont remember the last time you took a loss....lol....stay blesd
yeh .. let them have it, they work hard..

but, the lesson for me is , there is no shortcut for the London session,
I either get up or leave it alone, right?
If you're going through hell, keep going. Winston Churchill
  • #7,580
  • Sep 27, 2012 10:44am Sep 27, 2012 10:44am
Quoting Imi
My brother Arjun, here is what I think.
Good news is I read your mind, I was thinking the same thing, last
night in late asia session. 6 4hr candles could not make a bounce off the
200ema.
I entered on m15, set my stop, and had to go to bed. The rest is on the
chart, the Frankfurt boys took out my stop to the dot.
They took my stop out, but they can't take away what I've learned from you.
YOu should have entered at the right spot or should have kept the SL big....i know you dont fall in the zone timing to trade LO...cant help at times my friend...
Let all the living things live blissfully
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