Another simple system - Time-Frame 15 | Page 382 | 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

  • #7,621
  • Sep 28, 2012 3:30am Sep 28, 2012 3:30am
Quoting loveevery1
You dont know why you shorted there????....may be or may not be going your way....atleast you should know the reason...for shorting.....
You cant convince yourself after taking the trade my friend...analyse and ONLY enter after you are fully convinced....dont attempt these if you are newbie....

STay blessd
LE1, it's a long, not short, the red line on the chart is my SL not TP, a bit wider than I would like but the entry candle was quite long and I'm paying 2.6 spread on EJ with my broker.

I took it because the 10EMA was turning up away from the 200EMA. green TDI had turned up sharply to cross yellow and PA had broken the high of the asian session. My only area of doubt, was the fact that my entry candle didn't close above the previous high, so I was concerned that 100.33 would hold as firm resistance?
Getting there, slowly but surely...
  • #7,622
  • Sep 28, 2012 3:43am Sep 28, 2012 3:43am
Hello, I have read the entire thread and have found it quite fascinating. I am already using it in my trading system. But my question is this: I trade the EU/USD 3 month futures contract. We use the same trading indicators and charts. But does anyone know what I should keep in mind when trading a forex system in the futures markets? Should there be adjustments made? At least a pip equals a tick.
  • #7,623
  • Sep 28, 2012 4:13am Sep 28, 2012 4:13am
Follow the rules........ you make pips.


Break the rules........... you're on your own



Gibril ThE NeWbie
Attached Image (click to enlarge)
Click to Enlarge Name: ej 15m.gif Size: 19 KB
  • #7,624
  • Sep 28, 2012 4:21am Sep 28, 2012 4:21am
E/J +15

It took quite some discipline not to meddle with the TP, particularly now having seen it run on another 20. but that's the key lesson to learn from LE1, strong set ups only, take little steps and don't be greedy.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 28 sept.gif Size: 16 KB
Getting there, slowly but surely...
  • #7,625
  • Sep 28, 2012 4:22am Sep 28, 2012 4:22am
Mistake entry..........

I was placing order on 15M TF......... but made mistakes in 1hr TF Chart.

This is the trade AGAINST THE RULES.............


Already move my SL to +15. Let it take me out at +15 or TP at +32./// lol


Gibril The NewBie
Attached Image (click to enlarge)
Click to Enlarge Name: gu hourly.gif Size: 256 KB
  • #7,626
  • Sep 28, 2012 4:50am Sep 28, 2012 4:50am
in on the Eur/Jpy from text book long 15 min after open....thinkin bout closing it but not sure hmmmmm...could just be caught up in RN...we shall see.
  • #7,627
  • Sep 28, 2012 4:52am Sep 28, 2012 4:52am
For those who is asking rules of entering trade using this method, please refer to post #1.

I really doono how to write good english......

You can please refer to my Charts.... Mostly taken by the rules that I understand. ( Except few mistakes by Newbie entry on GBP.... lol)

Unless I got it wrong, someone will correct me along the way.


Gibril THE neWbie
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15m.gif Size: 301 KB
  • #7,628
  • Sep 28, 2012 4:55am Sep 28, 2012 4:55am
for some reason i get nervous putting in trades still even on textbook, i always think a reverse is gunna happen. i guess this is the fear LE1 speaks of.
  • #7,629
  • Sep 28, 2012 5:07am Sep 28, 2012 5:07am
Quoting Gibril
Mistake entry..........

I was placing order on 15M TF......... but made mistakes in 1hr TF Chart.

This is the trade AGAINST THE RULES.............


Already move my SL to +15. Let it take me out at +15 or TP at +32./// lol


Gibril The NewBie
hi Gibril,
thanks for ur efforts.
pls, can i humbly ask why u said this trade is wrong, atleast for those of us that do not have 14mn timeframe, thinking its a counter trend trader.

srry to have bothered u like this, very curious wanna know why it is wrong.
thanks.
Enter Signature
  • #7,630
  • Sep 28, 2012 5:08am Sep 28, 2012 5:08am
Hello guys

Im back from vacation.
I really that. Sometime sits very good to get away from the PC and enjoy life.
I had so many posts to read. This thread is really growing so so fast.

Arjun and fellow traders i missed you all so much. I see pip26 has been posting lots and very good posts. He is beating me nowdays in trading. hehe

Its time to get back in the markets and conquer . hehe.

By the way i love the Arjuna arrow indicator. wow wow thats the best indicator ever. Its for free as well.
X-man the legendary conqueror of markets
  • #7,631
  • Sep 28, 2012 5:08am Sep 28, 2012 5:08am
From Post #7630 , where I made a wrong Entry ........

This is not for Newbie.......... ( Im one of Newbie here)

Not according to the Newbie Rules in Post # 1.

Price was above 300 EMA, and candle is making higher high.....

When I realise the mistakes, quickly move SL to + 15. and TP at 200ema

Now the trade closed and taken out by the market.


Lucky me....lol

giBrIL ThE neWbIe
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15m.gif Size: 203 KB
  • #7,632
  • Sep 28, 2012 5:10am Sep 28, 2012 5:10am
lovely long set up with lots of support below
EJ 5min TF
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 23 KB
X-man the legendary conqueror of markets
  • #7,633
  • Sep 28, 2012 5:13am Sep 28, 2012 5:13am
i went and came back but i see the same things still happening.
Remember this setup guys ?
AU 5min TF
Attached Image
X-man the legendary conqueror of markets
  • #7,634
  • Sep 28, 2012 5:16am Sep 28, 2012 5:16am
EU 5min
Nice long trade and short trade on EU. The RN is very important.
take your small pips and run guys. you will be more than happy.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 26 KB
X-man the legendary conqueror of markets
  • #7,635
  • Sep 28, 2012 5:19am Sep 28, 2012 5:19am
GU 5min TF.
here the same thing happens at the 200ema time and time.
if you want a clear veiw use the normal candles and you will see how price was playing around that areas as always.
Attached Image
X-man the legendary conqueror of markets
  • #7,636
  • Sep 28, 2012 5:27am Sep 28, 2012 5:27am
Something Wrong here with this Method....... lol


Almost ALL trade I've taken based on Basic rules.

I don't need to bent rules........... or chasing pips everywhere.

All I did is just wait for A+++ set up.


Now........... the Question is.

HOW DO I KNOW WHERE or WHAT LEVEL TO TAKE PROFIT ?

( Hints......why did I ignore the RN stop in the first place ?)

Enjoy the show.................



GiBrIl tHe NewbIE
Attached Image (click to enlarge)
Click to Enlarge Name: ea 15m.gif Size: 294 KB
  • #7,637
  • Sep 28, 2012 5:27am Sep 28, 2012 5:27am
can any body experienced trader help me answer /??

this is today AU 15min TF..

Price was bounce off RN and closed above 10EMA...any missing ???

Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 34 KB
  • #7,638
  • Sep 28, 2012 5:43am Sep 28, 2012 5:43am
Quoting Gibril
From Post #7630 , where I made a wrong Entry ........

This is not for Newbie.......... ( Im one of Newbie here)

Not according to the Newbie Rules in Post # 1.

Price was above 300 EMA, and candle is making higher high.....

When I realise the mistakes, quickly move SL to + 15. and TP at 200ema

Now the trade closed and taken out by the market.


Lucky me....lol

giBrIL ThE neWbIe
Hi Gibril,
Your brilliant counter trade. Very good post and another good lesson.
Attached Image (click to enlarge)
Click to Enlarge Name: G1.png Size: 58 KB
  • #7,639
  • Sep 28, 2012 5:46am Sep 28, 2012 5:46am
Quoting kbforex
hi Gibril,
thanks for ur efforts.
pls, can i humbly ask why u said this trade is wrong, atleast for those of us that do not have 14mn timeframe, thinking its a counter trend trader.

srry to have bothered u like this, very curious wanna know why it is wrong.
thanks.

Hi Bro,

lol.........its not 14m TF.... typo. should be 15M TF, my bad.

Wrong entry for NEWBIE like me.

If you look at 15M TF..... Price is above 200ema, moving towards it.

I understand, there are rules for CT.... But they are for expert trafrtd in this thread. I' just a Newbie.... Therefore I prefer to stick yo basic rules first.

By trading by the Basic rules, I can develop my skill and experience like many other professional in this thread.

I prefer to be with Newbie, asd helping them along the way.

AS I can see from posting, many Newbie got confused and cought up by Ecpert traders who trades, left, right, front and back ( maybe from bottom and top too).

Until............ if someone new to this thread.......... will easily get confused and don't know where to begin.

For now......... I will trade as pre BASIC RULES. Newbie can follow my trades. Just from Basic Rules..... you can have many many pips and grand children pips...... lol.

If I made a mistakes on entry, I better quickly correct it ( even it gives my good pips). because Newbie ( like me) will not be able to understand other set up ( like CT, bounce bla bla bla).

We save those entry for some other days. For now Newbie will get 100 pips per day per pairs......... lol


WELCOME TO NEWBIE CLUB

gIBrIL tHe NewbIE
Attached Image
  • #7,640
  • Sep 28, 2012 5:47am Sep 28, 2012 5:47am
Quoting lowweiting
can any body experienced trader help me answer /??

this is today AU 15min TF..

Price was bounce off RN and closed above 10EMA...any missing ???


Hi Lowweiting,

check 4h TF and daily TF I think you will see that today Au is suitable only for short.

Best regards
5 traders viewing now