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Another simple system - Time-Frame 15

  • #7,641
  • Sep 28, 2012 5:50am Sep 28, 2012 5:50am
Opened on the candle with the arrow. Went long as it was a good pin with the 15M 200EMA below it, as well as the 4H 10EMA and the daily pivot. Got stopped out for a loss.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,642
  • Sep 28, 2012 5:50am Sep 28, 2012 5:50am
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 ???


I thnk the answer same as Post #7643 . Look at the Chart in thar Post.


GibRIL tHe NEWbie
  • #7,643
  • Edited 6:02am Sep 28, 2012 5:51am | Edited 6:02am
New Short on G/J.

Ticks most boxes, 10MA pulled down under 200EMA, green TDI hooked down through downward sloping yellow and red, with red sat below yellow. PA broke and closed below the recent low, which is where the 4HR 10EMA had been supporting.

Update. Stop to BE at +12 TP moved to +17. G/J always makes me nervous because I have a 5 point spread with my broker.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 28 sept.jpg Size: 138 KB
Getting there, slowly but surely...
  • #7,644
  • Sep 28, 2012 6:03am Sep 28, 2012 6:03am
Hello X-man thanks for your pictures you must know that you have abiltiy to explain Fx in easy understandable way and must say that numbers of pips not makes money but how much we are willing to risk.Now I just trade for 5 pips afret spread with high risk just jump in and out , these days martket is crazy.
  • #7,645
  • Sep 28, 2012 6:08am Sep 28, 2012 6:08am
Closed manually at +14. PA was stalling at previous support. Still reckon it's on it's way down to the 4HR 200MA, with little to stop it on the way, but I'm following LE1's wise guidance of taking little steps rather than always looking for the home run.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 28 sept update.gif Size: 24 KB
Getting there, slowly but surely...
  • #7,646
  • Sep 28, 2012 6:09am Sep 28, 2012 6:09am
Quoting Gibril
I thnk the answer same as Post #7643 . Look at the Chart in thar Post.


GibRIL tHe NEWbie
thk gibril...

i just noticed after traderTPL post the GU chart...will remember the mistake, should zoom out the chart before enter...

thk tradertpl too....
  • #7,647
  • Sep 28, 2012 6:17am Sep 28, 2012 6:17am
Quoting By_Tor2114
Opened on the candle with the arrow. Went long as it was a good pin with the 15M 200EMA below it, as well as the 4H 10EMA and the daily pivot. Got stopped out for a loss.

1. Price on 15M Tf is still below 10ema.

2. Pin Bar can happen anywhere on Chart.... if may be false signal.

3. The 4 Hr. Chart EMA shown by that indicator does not represent the true level of EMA on 4Hr TF. WHY ????

Because 4Hr Candle still open and running. Just open 4 hr TF, you will see the 10EMa is right in the middle of 4Hr Candle.... neither here or there.

That's why, I encourage Newbie to look at more conventional ways of trading. Those indicator xan lead you to false signal unless you really knows the mechanics of it. Who ever create it, have a good intention for short cut, but as Newbie we get caught up for interprate it wrongly..

AS Newbie I encourage other Newbie not to use indicator that youre not fimiliar with. This is the dangerous to us Newbie....


See 4 hr Chart 10 EMA......... the real place

Se the 15M 10 EMA, never get cross up. So no LONG for Basic Set Up.


Gibril tHe neWbie
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 4 hour.gif Size: 21 KB
Click to Enlarge Name: gu 15m.gif Size: 15 KB
  • #7,648
  • Sep 28, 2012 6:18am Sep 28, 2012 6:18am
Quoting X-Man
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.
my two brothers x-man and gibril...welcome home....good to have you back folks....
Let all the living things live blissfully
  • #7,649
  • Sep 28, 2012 6:22am Sep 28, 2012 6:22am
Quoting Gibril
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...
wow, like i said some post away, we have not ONLY learn how to trade from Arjun, but most importantly how to relate with fellow human beings.
i say a big thank YOU, expecially for the time n patience u have taken to answer my senseless question.
thank you .
i would like to officially make my intention known to happily join the "NEWBIE CLUB".lol

peace to all
Enter Signature
  • #7,650
  • Sep 28, 2012 6:27am Sep 28, 2012 6:27am
Quoting Gibril
1. Price on 15M Tf is still below 10ema.

2. Pin Bar can happen anywhere on Chart.... if may be false signal.

3. The 4 Hr. Chart EMA shown by that indicator does not represent the true level of EMA on 4Hr TF. WHY ????

Because 4Hr Candle still open and running. Just open 4 hr TF, you will see the 10EMa is right in the middle of 4Hr Candle.... neither here or there.

That's why, I encourage Newbie to look at more conventional ways of trading. Those indicator xan lead you to false signal unless you really knows the mechanics of it. Who ever...
My H4 10EMA is in the same place as in the chart you posted.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,651
  • Sep 28, 2012 6:29am Sep 28, 2012 6:29am
Quoting kbforex
wow, like i said some post away, we have not ONLY learn how to trade from Arjun, but most importantly how to relate with fellow human beings.
i say a big thank YOU, expecially for the time n patience u have taken to answer my senseless question.
thank you .
i would like to officially make my intention known to happily join the "NEWBIE CLUB".lol

peace to all

WELCOME TO NEWBIE CLUB............ you're registered member No. 2. Because I got No. 1.............lol

You see the LOGO..................?

NEwBie will bleed their account, if they don't follow the rules.... lol


Thank You for accepting me as NeWBie.


Gibril tHe NEWbie
Attached Image
  • #7,652
  • Sep 28, 2012 6:30am Sep 28, 2012 6:30am
Quoting X-Man
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.
welcome back bro.. hope u enjoyed ur vacations.. i cant beat u bro.. was just following what you teach me
  • #7,653
  • Sep 28, 2012 6:31am Sep 28, 2012 6:31am
FIRST Question to NEWBIE............. ( Newbie Only....lol)



WHO AM I...... ?
Attached Image
  • #7,654
  • Sep 28, 2012 6:44am Sep 28, 2012 6:44am
Quoting By_Tor2114
My H4 10EMA is in the same place as in the chart you posted.


Maybe I got my answer wrong ( as Newbie... lol)

But can you clarify, the RED Bold statement below, Please.

What does it mean to you on the 15M Chart you've posted.

Is is you're looking at the INDICATOR on the right hand side showing where the 4hr 10EMA is ?. Or something else I'm missing. ?

Apologise, for my Newbie question... lol

Attaching your 15M Chart again.

Quoting By_Tor2114
Opened on the candle with the arrow. Went long as it was a good pin with the 15M 200EMA below it, as well as the 4H 10EMA and the daily pivot. Got stopped out for a loss.

Thank You for letting me learn somethin' new today.


giBril The neWbIE
Attached Image
  • #7,655
  • Sep 28, 2012 6:51am Sep 28, 2012 6:51am
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 ???

If I had been watching this, i could see why you'd be tempted, with the long term EMA's suggesting a trend change, however the TDI wasn't right for me to take it.

The cross of green over red (Remember basic rule is green over yellow) occurred too far from the yellow. Red was sloping downward as was yellow, just. So in my view it constituted a counter trend trade and for me that occurred too far away from the MA's and RN's to be worth the risk.

If you look at the first blue candle after the sell off, this is a bounce off both MA's and the daily 10MA. Although TDI hasn't crossed, green has dipped well below 32 so could be considered oversold and good for a short term bounce.

I still wouldn't take it though, the last bearish candle was too strong and the first bullish one too weak to convince me that buyers are taking voer in the short term.

That's my two-penneth, hope it helps.
Attached Image (click to enlarge)
Click to Enlarge Name: au 28 sept.gif Size: 28 KB
Getting there, slowly but surely...
  • #7,656
  • Sep 28, 2012 7:01am Sep 28, 2012 7:01am
As NewBiE......... I only believe this System is only good for Major pairs or USD crosses only.

So I search Triple AAA set up for other exotic pair to try the BASIV Rules.

In my head, I just put SL 15 pips and let it run to the nest support level with confluenxe of RN. Got nothin to loose..... lol

I was skeptical about it.,,....... No way this can reach 70 pips...lol.

Enter short, once 15 pips profit, I move it to BE. Then set my TP at next weekly support area.

SET and Forget............. go to class . Only the next day it hit my TP.

Proof............ just folow the basic rules no matter what pairs you trade.

Reminder...... this SET UP is for Newbie only.


Gibril tHe nEwbie
Attached Image (click to enlarge)
Click to Enlarge Name: aj 15m.gif Size: 304 KB
  • #7,657
  • Sep 28, 2012 7:03am Sep 28, 2012 7:03am
Quoting Edlich
If I had been watching this, i could see why you'd be tempted, with the long term EMA's suggesting a trend change, however the TDI wasn't right for me to take it.

The cross of green over red (Remember basic rule is green over yellow) occurred too far from the yellow. Red was sloping downward as was yellow, just. So in my view it constituted a counter trend trade and for me that occurred too far away from the MA's and RN's to be worth the risk.

If you look at the first blue candle after the sell off, this is a bounce off both MA's and the...
thk for reply...really help alot...
  • #7,658
  • Sep 28, 2012 7:07am Sep 28, 2012 7:07am
Yes, that is the indicator for the H4 10EMA but displayed on an M15 chart. I took the pin a few bars before it dropped.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,659
  • Sep 28, 2012 7:12am Sep 28, 2012 7:12am
Quoting By_Tor2114
Yes, that is the indicator for the H4 10EMA but displayed on an M15 chart. I took the pin a few bars before it dropped.

Thank you for replying....... and most importantly I'm learning somethin new today on 4hr EMA base on 15M TF, which can have premature conckusion as the 4Hr Cadnle has not closed, but the Indicator on 15M stay below it.

I stay away from indicator, not because they are not good........BUT I dont know how to use it..........lol

Thanks Tor..


GibRil The NewbiE
  • #7,660
  • Sep 28, 2012 7:12am Sep 28, 2012 7:12am
Quoting Gibril
FIRST Question to NEWBIE............. ( Newbie Only....lol)



WHO AM I...... ?
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