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Another simple system - Time-Frame 15

  • #9,981
  • Oct 18, 2012 1:13am Oct 18, 2012 1:13am
Quoting X-Man
heres AU

Lets see if this will play out.
Hello X-Man,

in that case you set a SL just few pips above the RN? or you simply monitor the trade and close it if it goes against you?
  • #9,982
  • Oct 18, 2012 1:14am Oct 18, 2012 1:14am
Here is my explanation for EJ short trade.
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  • #9,983
  • Oct 18, 2012 1:18am Oct 18, 2012 1:18am
Quoting X-Man
here is the 15min TF

compare this to what arjun has been teaching us. look at arjuns drawings on the setup chart
Then we will start understanding

Dont look only at the green arrow on my chart.
Thats just my entry
Look at the entire chart.
Zoom out and look at it.
x-man, sir.. you don't use the tdi confirmation ?

explain please for this newbie

thank you very much
  • #9,984
  • Oct 18, 2012 1:23am Oct 18, 2012 1:23am
Hi

I tested this trade on a demo account, the PA was marking a new structure low, I set my SL just 1 pip below the previous red candle (so about 10pips) and moved it quickly after the price went up.
I was expecting the price to reach the 10ema (retest).
No so sure it was a good probability trade but it gave 15 pips.

Any comments welcome
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  • #9,985
  • Oct 18, 2012 1:23am Oct 18, 2012 1:23am
Quoting symon
Hello X-Man,

in that case you set a SL just few pips above the RN? or you simply monitor the trade and close it if it goes against you?
I monitor it manually and see it price is hanging there or breaks clean through
X-man the legendary conqueror of markets
  • #9,986
  • Oct 18, 2012 1:24am Oct 18, 2012 1:24am
Quoting vickytej2301
x-man, sir.. you don't use the tdi confirmation ?

explain please for this newbie

thank you very much

Hi
You can use tdi for your confirmation. but those experienced ppl are trying to teach us to trade with purely price action only.
  • #9,987
  • Oct 18, 2012 1:29am Oct 18, 2012 1:29am
X-man great charts and trades as always. But I get angry looking at your spreads and then turning back to my charts to see mine

Ahh the joys of living in America
What is any ocean but a multitude of drops?
  • #9,988
  • Oct 18, 2012 1:33am Oct 18, 2012 1:33am
see how fast the market change!
for those using TDI as learning wheels,

M15 TDI show bullish divergence ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,989
  • Oct 18, 2012 1:35am Oct 18, 2012 1:35am
Quoting X-Man
I monitor it manually and see it price is hanging there or breaks clean through
Hey X-Man..

First of all thanks so much for all your charts and explanations, very appreciated!

Secondly I've seen you mention it a couple of times but I'm a bit lost on how you consider a trade hanging there?..is it just a feel for the market you get after a lot of screen time or are there certain indications on a chart??

Cheers,
Adrian
  • #9,990
  • Oct 18, 2012 1:35am Oct 18, 2012 1:35am
who looked at this before looking at their charts today???

red news is making me go crazy.

Price dont seem to respect anything when theres red news.

we should always try not to trade or close trades when red news around the corner
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X-man the legendary conqueror of markets
  • #9,991
  • Oct 18, 2012 1:36am Oct 18, 2012 1:36am
where is arjun and Gibril???????????????
  • #9,992
  • Oct 18, 2012 1:41am Oct 18, 2012 1:41am
Quoting Xhale12
X-man great charts and trades as always. But I get angry looking at your spreads and then turning back to my charts to see mine

Ahh the joys of living in America
Most of us have the fear of entering a trade coz they want to make sure they at the exact spot of enrty and having a huge spread creates a fear of not entering in the first place coz the huge spread already plays in their heads that they will be down so many pips if thsia nd that happens.

Having a tigh spread is a huge advantage . I get in and out with minum damage if i am in a wrong trade and if im on the right side its even better.

I use to have a broker with huge spreads and i felt it affecting my trading.

Its a psychological aspect as well.

Yeah i heard you guys in america are limited to brokers.
howcome they made it like that?
Anyone have any idea?
X-man the legendary conqueror of markets
  • #9,993
  • Oct 18, 2012 1:44am Oct 18, 2012 1:44am
What a RN

Congrats to Arjun his fellas and to All contributors of this thread.
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  • #9,994
  • Oct 18, 2012 1:45am Oct 18, 2012 1:45am
I believe the true intention was to make the forex market in this country to trade and look more like the futures market. Too much money leaving and going to forex.
  • #9,995
  • Oct 18, 2012 1:45am Oct 18, 2012 1:45am
Quoting Ramjet
Hey X-Man..

First of all thanks so much for all your charts and explanations, very appreciated!

Secondly I've seen you mention it a couple of times but I'm a bit lost on how you consider a trade hanging there?..is it just a feel for the market you get after a lot of screen time or are there certain indications on a chart??

Cheers,
Adrian
well in this thread arjun explians it well. thats where i learnt about it.
if a price is going to bounce off someting it will touch and go.
if it touches and price start hanging around there like forming many candles around that area/ . that means price will break trhough.
At times theres no hanging and there will be a clean break through
X-man the legendary conqueror of markets
  • #9,996
  • Oct 18, 2012 1:47am Oct 18, 2012 1:47am
Quoting emmanuel7788
nice X-Man,

also we see a bearish 3-bars CS pattern...
and that follow with a price close below 10EMA (M15)
============

Emmanuel, what would you call this formation, plse?

Thanks.
Attached Image
Hercs
  • #9,997
  • Oct 18, 2012 1:47am Oct 18, 2012 1:47am
Quoting Pip26
What a RN

Congrats to Arjun his fellas and to All contributors of this thread.
haha why did you have to steal that 10 000.
I was going for it.
see what you did now

Leave the 100 000 for me
X-man the legendary conqueror of markets
  • #9,998
  • Oct 18, 2012 1:48am Oct 18, 2012 1:48am
Quoting vickytej2301
x-man, sir.. you don't use the tdi confirmation ?

explain please for this newbie

thank you very much
emmanueal uses it.
if you know how to use it then use it bro.
learn it well if you are going t use it.
its very good for divergences.
I think i should add it to watch divergences hey.
X-man the legendary conqueror of markets
  • #9,999
  • Oct 18, 2012 1:48am Oct 18, 2012 1:48am
Quoting X-Man
haha why did you have to steal that 10 000.
I was going for it.
see what you did now

Leave the 100 000 for me
Lolzzzzzzzzzzzz

for sure i will bro..
  • #10,000
  • Oct 18, 2012 1:49am Oct 18, 2012 1:49am
Quoting Pip26
What a RN

Congrats to Arjun his fellas and to All contributors of this thread.
yep...congrats Arjun and you Pip26 too...you are the 10000 man
I never lose - either I win or I learn...
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