Another simple system - Time-Frame 15

ibfx ej m15

Thanks for the help.

I have checked on other broker mt4 platform and it corresponse to you people. I am so surprise to see such a difference. I am using UWC broker.

I have checked my setting. It is 800 EMA Attached

Make sure you have m15 data downloaded 800 bars back so indicator can count it correctly. If you do have it then I don't know what else to think.

Thank you!! , your chart always helps alot

Gibril, i think i did nothing special to deserve your vouch. But i respect your appreciation and ...Thanks for the encouragement! There is a lot of hard work ahead!

UJ 15min on GoMarkets

Attached is the EJ on M15 on FxPrimus Broker

r:r should always be factored in regardless in trend or counter trend, even in ranging condition. you must know your target, period.

See this.

Hi ya LE1..

I was wondering if you would have taken this trade just on PA alone as the TDI didn't line up with the trade?.. I didn't get the nice PB like Emmanuel on my feed but it was an IB off the 200ema also entry at green line above Daily S/R line..

Cheers,
Adrian

The chart was posted by brother Gibril.just an addition to his chart....this is logic..see the red arrow...see the bounce off that.very little.compared to the bounce before that.this is how i always say that its going to break the EMA or level.

The UP move was confirmed by that strong bullish candle....

Helo Adrian....

i would have thought a little bit...I dont call it IB....i called small buyers no strong buyers.small profit taking.I have not done any HTF analysis...dont know what the Trend is...but just with PA....i would have waited.but there is always a bounce of 10-15 pips before heading down...for a scalper...its fine but for someone who wants more pips...they need to wait for PIN/bullish engulfing...or an nice doji...

Hi Adrian,

I know you asked LE1 but let me just add another way how I view things on charts. Different brokers has slightly different data feed so we do not see the same price candles/bars OHLC, but the price remains very much the same.

See attached. I stole your chart and made some comments, hope you do not mind me doing this.

Regards,

I don't know if this has already been discussed or I missed it. Is there any guidelines or format to follow when making a trading plan?

Strategy, daily goal, MM, R:R, trading time etc are alway mention to be part of the trading plan but I don't really know how to marry them together as a trading plan. I will appreciate if I get a sample to follow in making mine. Thanks

Let me do the math here.470/15*2=62.67% increase in pips count.Imagine to be able to grow your account by that margin in 4 days of trading is no easy feat.I bet most of trades are taken off the 5 min TF.Congrats on your consistently in nailing those pips.

or not haha

Hi Deghayes,

Look at H4 charts, 200 ema & RN showing strong resistant.

what I see is:
H4 is toppisch..
D flow is down...in retracement

on M15, I can do anything I see using 10EMA of all higher TFs.
Just need to move quick seeing PA.

Today will be scalpers delight.

Trade Well!

I just google "trading plan" and found this below:
Good for starters.
If you want my business plan template for trading, sorry I don't share in this public domain. You know what you need to do.

The 7-Point Template To Create Your Trading Plan

by Matt on April 1, 2012
One of the first things beginning traders are told to do is to create a trading plan that will spell out a trading strategy and a list of rules to follow in implementing that strategy. The only problem with that advice is that beginning traders don’t really have any trading experience, and thus are lost when attempting to craft a trading plan for their trading.
Another problem with trading plans is that new traders are instructed to treat their trading plans as gospel and are told not to deviate from them. This prevents traders from adapting their strategies and rules to improve their performance, an essential step in every trader’s learning curve.
Instead of a rigid document to be created early on in your trading career and never to be changed, you should instead view your trading plan as a living and breathing set of guidelines, capable of being modified as you gain trading experience. This article will teach you how to create a trading plan that will guide your trading efforts without stunting your progress.
The 7-Point Trading Plan Template

In creating your trading plan, here are the items you should include:
1. Markets – What markets will you trade? Be as specific as possible – if you’re trading stocks, what types of stocks will you focus on?
2. Timeframe – How long will you hold your positions for? Will you be a day trader focusing on trades lasting a few minutes, or a swing trader holding trades for a few days?
3. Time Period – What times of the day will you trade? You may have outside responsibilities that prevent you from trading an entire trading day. Pick which times of the trading day best suit your trading style.
4. Trading Style – How would you characterize your trading style? Perhaps you are a momentum trader focusing on trending stocks? Or maybe you specialize in a particular sector? Again, this can and will change as you gain experience and learn from your results.
5. Risk Management Rules – This is an absolutely essential and often overlooked component of your trading plan. How will you manage your risk, both on a per-trade basis and overall? You should have a “stop trading” point which is a fixed dollar amount that will force you to stop trading if you’re down by that much.
6. Mentor – Who do you follow and learn from as a teacher? Attempting to learn trading all by yourself is not only lonely, but foolish as it ignores the hard-earned wisdom of other traders. You can either repeat the mistakes of other traders and hope to eventually learn the lessons and techniques that they’ve learned, or you can simply learn from successful traders and bypass those initial frustrations.
7. Learning Process – How will you structure your learning process as a trader? What steps will you take to ensure you’re always getting better? How will you structure your trading journal?
Trading Plan Example

To show you this trading plan template in action, I’m going to fill it out according to my own trading style:
1. I trade the U.S. stock markets, focusing on volatile stocks with sufficient volume to actively trade. These stocks are typically the focus of news items and are thus “in play.”
2. I am a day trader and hold my positions anywhere from a few seconds to a few hours. I’m primarily a scalper and am looking to take advantage of short-term imbalances between supply and demand. I will stay in a trade as long as I can identify a supply/demand imbalance.
3. I trade throughout the trading day, although I focus most of my activity at the open and close of the trading day.
4. While I have multiple styles, I would characterize myself primarily as a momentum trader that relies on tape reading to identify favorable risk/reward situations to enter in the direction of a trend.
5. I’m fanatical about managing my risk, both on a per-trade basis and overall. Every trade I enter has a predefined stop-loss and I have a daily stop-loss to stop trading when I’m having a rough day.
6. I’ve had a variety of mentors throughout my career, and now I talk with a select group of traders at my firm with similar trading styles.
7. I review every single trade I make, always looking for ways in which I can improve. This may be as simple as cutting down my risk when trading certain stocks or altering my execution patterns.
Your trading plan can be as simple as that, just a series of statements answering those 7 questions. You also shouldn’t spend too much time creating your trading plan as it will frequently change throughout your career.
Summary

Your trading plan will crystallize exactly what you’re trying to do as a trader, but don’t view it as set in stone. Rather, your trading plan will grow and change as you gain experience and develop your own trading style.
Your trading plan also doesn’t need to be a complicated document spanning multiple pages. You simply need to define what markets you’re going to trade, how you’re going to trade them (how long you’ll hold positions, what times of day you’re going to trade, and your trading style), how you’re going to manage your risk, and how you’re going to continue developing as a trader. By clarifying and explicitly stating those 7 key points, your trading plan will serve and support you in your trading career.

PA above 200 and 800 ema
Trade away from 200 and 800ema
Entered on bounce of 10ema
Closed for 21 pips just below yesterday's high and month 10ema