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Another simple system - Time-Frame 15

  • #9,941
  • Edited 5:11pm Oct 17, 2012 2:42pm | Edited 5:11pm
Quoting stevepatt
Hi Gibril,

I was waiting for what could have become daily resistance level to break before looking to go long. Can I ask what made you believe this level wasn't important?

Cheers
Steve

Hi Steve,

sorry for late reply.

When I enter an intraday trade, i usually goes up to 4 Hr TF for reference point, because the nature of trade, ie, Session trade ( Asia, LO or NYO). Therefore the need to explore into superhigh TF is not in my game plan ( I remember Master Arjun use Daily to check jis trade set up)

With 4Hr TF Chart as SET UP before entering a trade , I utilise both Static and Dynamic Support in this TF. ( detail in Chart attached).

The discusion earlier I had with others was on SL that was not moved to BE , even when the trade already goes into my favour for > 20 pips. Trying to explain to others, i have no worries with those trades, as ( in my own understanding) the road ahead is clear till ADR. Meaning there is no immidiate resistance nearby until ADR High.

The simplest way of looking to enter this trade is by 1,2,3 break up.

For me using Daily TF for intraday trade is not necassary, unless i go for swing or i really cannot makeup/ understand what's price behaviour currently.

Trade Journal Post No. #228 and Post #9887 . These two use Daily TF Chart Analysis as it involved Swing Trades.

Note : Wicks is Daily candles are emotional, you have to watch that. I look at a lot of Daily Candle wicks......and they are emotional, does not represent true sentiment, unless the same close registered in 4Hr. TF. ( Need more evident to prove this...lol)
Attached Image (click to enlarge)
Click to Enlarge Name: zzz.gif Size: 232 KB
  • #9,942
  • Oct 17, 2012 2:55pm Oct 17, 2012 2:55pm
Quoting gibril
i agree in total,,,,,,,,,,,............

But, here 's the catch..........

I learn much faster and deeper in trying todecipher the puzzle. I was laugh at by many.
In the end i got everything within 4 month learing from master arjun.

I only making 10 pips per day, loss 30 pips in the beginning. After 8 months with master arjun.........you see the result.

The puxzzle makes our brain work harder, and soon you will "see" what the succcesul trader see............

All the best to you.....
...i completely agree with you gibril! The 'riddles' way of teaching basic truths and concepts has always been adopted by some of the greatest teachers in history, not because it makes the job easier, but because it makes it better in the long run! Most folks love being spoon fed information, me included! I was rally uncomfortable with this way of showing us the arjun method of trading, but i was enlightened enough to suspect it was for my own good. Many times i would just wish the better traders would just come out straight and tell us why, what, when, where, how,...etc! I mean they claim they are trying to hep us right? Lol! Anyway, after enduring the torture of having to make my brain work for once(lol), i really started to 'get' what you and le1 were always 'riddling' about! For the first time, i finished today without a single loss in executing 4 trades for a total of about a 100 pips and 10% increase in my account! Bottom line? Keep up the good work buddies!!! (hey! Thats not to say we still wouldn't appreciate some spoon-feeding once in a while! Hehehehe!!!). Sorry couldn't post my trades as i just couldn't concentrate on trading and posting at the same time, but i'll start as soon it gets easier! Tnx!!!
  • #9,943
  • Oct 17, 2012 2:59pm Oct 17, 2012 2:59pm
one trade setup gives 20 pip in GJ closed.

running trade

EU--39 pip

NJ-- 50 pip

AU--10 pip
Attached File(s)
File Type: docx 20 pip.docx   110 KB | 598 downloads
  • #9,944
  • Oct 17, 2012 4:15pm Oct 17, 2012 4:15pm
Quoting Gibril
Hi Steve,

sorry for late reply.

When I enter intraday trade, i usually goes up to 4 Hr Tf, as it only involve , sesssion trade ( LO or NYO).

I never refer to Dailt Chart. I'm using 4Hr TF Chart to enter into this trade, using both Static and Dynamic Support. ( detail in Chart attached).

The discusion was on the reason, i didn't moved the SL to BE when trade already moved in my favour. I was trying to explain ( in my own understanding) that, the road is clear till ADR.

The simplest way of looking to enter this trade is by 1,2,3...
Hi Gibril,

I appreciate the reply I'll have to keep an eye on those daily wicks.
  • #9,945
  • Oct 17, 2012 4:33pm Oct 17, 2012 4:33pm
[quote=Gibril;6108620]I write this because i saw you specifcally mentioned my names and my trading styles. I think i deserve to explain this to you and others.




This response was great. You are great. Thanks for all you and others do.
  • #9,946
  • Oct 17, 2012 5:41pm Oct 17, 2012 5:41pm
Hi Gibril,

Thank you for all you have done for this thread. Im really impressed with your method of trading. Earlier you said you start off with many pairs, then narrow down to the most successful.

I wonder if you could show us just one or two of your failed (don't like using that word) trades, where and why you got out without a profit.

I would learn as much from a good trader like yourself exiting bad trades quickly, and the reasons behind it, as well as your successful ones.

Regards

W99
  • #9,947
  • Oct 17, 2012 5:48pm Oct 17, 2012 5:48pm
Quoting wizard99
Hi Gibril,

Thank you for all you have done for this thread. Im really impressed with your method of trading. Earlier you said you start off with many pairs, then narrow down to the most successful.

I wonder if you could show us just one or two of your failed (don't like using that word) trades, where and why you got out without a profit.

I would learn as much from a good trader like yourself exited bad trades quickly, and the reasons behind it, as well as your successful ones.

Regards

W99
Hi Wizard.

sure i will do that, showing few of failed trades. Which mostly SL is too tight or some freaky spike took off my SL and then continue bak its original directions.

"failed (don't like using that word) trades, : I like that word, coz I had many experience in my early trades...lol. Now its good to control my EGO and teach me valuable lesson. ha ha ha

But I need to preparare those Chart first to put clear discription for ease understanding to others.

hope you don't mind waiting..........

Thank You for your interest
  • #9,948
  • Oct 17, 2012 5:50pm Oct 17, 2012 5:50pm
Quoting Gibril
Hi Wizard.

sure i will do that, showing few of failed trades. Which mostly SL is too tight or some freaky spike took off my SL and then continue bak its original directions.

"failed (don't like using that word) trades, : I like that word, coz I had many experience in my early trades...lol. Now its good to control my EGO and teach me valuable lesson. ha ha ha

But I need to preparare those Chart first to put clear discription for ease understanding...
Thx G.

Your a good guy on this thread...I continue to learn from you everyday.
  • #9,949
  • Oct 17, 2012 5:51pm Oct 17, 2012 5:51pm
Quoting Gibril
Hi Wizard.

sure i will do that, showing few of failed trades. Which mostly SL is too tight or some freaky spike took off my SL and then continue bak its original directions.

"failed (don't like using that word) trades, : I like that word, coz I had many experience in my early trades...lol. Now its good to control my EGO and teach me valuable lesson. ha ha ha

But I need to preparare those Chart first to put clear discription...

I think you are a machine ....lol

Hats off to your work ethics.You deserve all the success in this world.
  • #9,950
  • Oct 17, 2012 5:53pm Oct 17, 2012 5:53pm
Senior fellas, please advise how does one spot a counter trend trade? Or when does one say now we need to look for reversal trades.

For example on EURUSD right now, M15 candles are closing below the 10 EMA, but price if above 10 EMA on H4. While on H1 also, price is below 10 EMA, can anyone please guide me to the post where I can learn to find reversal trades.

Also, can you please suggest should we now look to short EURUSD? Thanks.
If you want your dreams to come true, you better wake up !!!
  • #9,951
  • Oct 17, 2012 6:00pm Oct 17, 2012 6:00pm
Quote
Originally Posted by gibril http://www.forexfactory.com/images/buttons/viewpost.gif
[i]i agree in total,,,,,,,,,,,............

But, here 's the catch..........

I learn much faster and deeper in trying todecipher the puzzle. I was laugh at by many.
In the end i got everything within 4 month learing from master arjun.

I only making 10 pips per day, loss 30 pips in the beginning. After 8 months with master arjun.........you see the result.

The...

Hey brother Gibril, I agree with you.

I am still reading am at page 107 of this thread. Hope to be able to catch and learn more. Reading and learning and trying to figure out the puzzle.

Thanks
  • #9,952
  • Oct 17, 2012 6:09pm Oct 17, 2012 6:09pm
Quoting sashadeol
Senior fellas, please advise how does one spot a counter trend trade? Or when does one say now we need to look for reversal trades.

For example on EURUSD right now, M15 candles are closing below the 10 EMA, but price if above 10 EMA on H4. While on H1 also, price is below 10 EMA, can anyone please guide me to the post where I can learn to find reversal trades.

Also, can you please suggest should we now look to short EURUSD? Thanks.
Considering that you have mastered basic setups
you look for Imi's postings and his charts....You will learn more from there.
  • #9,953
  • Oct 17, 2012 7:43pm Oct 17, 2012 7:43pm
Thank u brother Gibril for teaching us Lovebees.
Still reading and learning.

God bless
  • #9,954
  • Oct 17, 2012 7:57pm Oct 17, 2012 7:57pm
Quoting wizard99
Hi Gibril,

Thank you for all you have done for this thread. Im really impressed with your method of trading. Earlier you said you start off with many pairs, then narrow down to the most successful.

I wonder if you could show us just one or two of your failed (don't like using that word) trades, where and why you got out without a profit.

I would learn as much from a good trader like yourself exiting bad trades quickly, and the reasons behind it, as well as your successful ones.

Regards

W99

Subject of : FAILED TRADE.................(that's what everyone called it.)

I called it FAILED TRADERS.......to put his best effort in taking step into good trades set up.........lol


Attached Charts

AUD NZD.
15M TF, is the main Chart we use in this thread to trade.
(no less not more)

60M TF is not for intraday ( unless you are Pro/Expert Traders........Im only LOVEBEEs)
But it is to analyse set up trade/ and analyse Failure, we use this 60 TF Chart for visual clarity.

Action ;

Long trade taken on Monday, after seeing Pa goes up above 10, 50,200 EMAs. Let the PA settle down ,andlook for brake above 10 EMA.

Yellow band between C & B are PPA. now support.

The "A" or 'D" in 60mTF wasn't marked - failure of me to see the PPA on the left. ( The weekly R1, just appear, as it is begining of the week) I failed to take note of that too.

After 8 hours...price drop fast below 200ema, hit SL. Minus 21 pips for the day.

Realisation/ Lesson Learned ( Extracted from my personal journal)
( I never publish this, lesson learned to public)

Marking on Chart A : New week begin weekly pivot will move to new area, take note first day of the week.

Previous PPA from the 60 M Swing is important to "carry over" to the following weeks for guide. ( Yellow Band marked A)

Marking on Chart B : Whenever you see big hole in the Chart ( Gap), watch out, because somebody need to fill up that holes, sooner or later ( in this case it was done on the same day.........lol, I did partly filled it up)

Marking on Chart C : Price Pattern is not clear, not making HH, HL, or LH LL.... it's kind of all over the place. I was blinded, because I was "looking"' when price cross > 200EMA, am ready for Long Set Up. I didn't take other factors into considerations.

Marking on Chart D : This PPA is important, even tho' it happened last week. because Price have memory....lol. In fact the "D" band was used for Tuesday trade........lol lucky me. And line D is also Weekly R1.

There is no marking E : I've forgot, where I put the notes in my jounal...

Marking on Chart F : I realise it too late. weekly pivot appear on Monday. I was so exicted looking for LONG trade, and assume price above Pivot is good for LONG. But Price decide to do test on Pivot, as it is also area of PPA ( i didn't marked it - ok that is the "E" i don't want to crowd the Chart so you can visually see the weekly pivot.

Conclusion:

Trades never failed, traders failed because failure to look at the GPS ( overall picture) before starting to trade,......

Question. : What is your GPS when you trade ?...lol. Think about it.......


Thank You for your time reading this failure trader , trade....

All the Best........
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: failed 60m.gif Size: 307 KB
  • #9,955
  • Oct 17, 2012 8:30pm Oct 17, 2012 8:30pm
Quoting Gibril
Subject of : FAILED TRADE.................(that's what everyone called it.)
so you can visually see the weekly pivot.

Conclusion:

Trades never failed, traders failed because failure to look at the GPS ( overall picture) before starting to trade,......

Question. : What is your GPS when you trade ?...lol. Think about it.......


Thank You for your time reading this failure trader , trade.......


Awesome....Thanks G, thats what I need to see to better understand that these trades also affect the good traders like yourself.

Cheers

W99

PS Ive printed out these Charts and now Im going to study them....
  • #9,956
  • Oct 17, 2012 8:32pm Oct 17, 2012 8:32pm
I am sticking with you. Where r u ?

Post something master


Quoting loveevery1

if you stick with me for over a year.i guarantee you will be a professional trader not only in forex.but in life aswell.
If you want your dreams to come true, you better wake up !!!
  • #9,957
  • Oct 17, 2012 8:40pm Oct 17, 2012 8:40pm
Quoting Gibril
Subject of : FAILED TRADE.................(that's what everyone called it.)

I called it FAILED TRADERS.......to put his best effort in taking step into good trades set up.........lol
ma methods do not show or indicate end of the trend. good setups can occur at the end of the run. hence, it often leads to bad trades, not the other way around. hope that's clear.
  • #9,958
  • Oct 17, 2012 8:56pm Oct 17, 2012 8:56pm
Quoting sashadeol
Senior fellas, please advise how does one spot a counter trend trade? Or when does one say now we need to look for reversal trades.

For example on EURUSD right now, M15 candles are closing below the 10 EMA, but price if above 10 EMA on H4. While on H1 also, price is below 10 EMA, can anyone please guide me to the post where I can learn to find reversal trades.

Also, can you please suggest should we now look to short EURUSD? Thanks.
price dropping with low volume. daily momentum is at the make or break point. today we tested major swing high level. imo, we go for the retest. be careful. regarding counter trend trade, no one really knows when it's ready. if you are interested then be prepared for several s/o.
  • #9,959
  • Oct 17, 2012 10:27pm Oct 17, 2012 10:27pm
AUD JPY

( disaster from intraday becoming Intraweek.)

I don't know if this will continue until Friday. I hope not.

i'm bored..............

I just play along, with stop now is 33 pips away from current price.

Enter three (3) position, intended for intraday......... now almost becoming like Intraweek......lol

Size is so big, i need to reduce chart size............

Got to go now.

School time. Let they take my SL ( +33pips) if they want. I'm bored with this trade.


See you in London. School time.........yahoooooooooooo
Attached Image (click to enlarge)
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  • #9,960
  • Oct 17, 2012 10:32pm Oct 17, 2012 10:32pm
Quoting Gibril
Stevepatt ( Part 3)




Subject aily Candle wicks is emotional does not show real sentiment.




Note 1: This is where we trade. Back to basic for lovebees. Every single EMAs is there.

Note 2 : Lines 4,5,6 is formality as it doesn't effect the PA. ( those a swing for Daily candle ( body). Price always moves and bounce around them because their close proximity. ( highway...
Thanks Gibril great explanation of How to use loveevery's method by adding higher time frames. As you explained Step 123 before.I personally appreciate your hard work to post the charts and explain everything in detail.I learn a lot from You,Loveevery, StevePatt, Imi, Xman and many others that contribute. Trading and generating pips is still very difficult for us.But, I feel like I am improving. I wish all of you the best of everything.
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