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Another simple system - Time-Frame 15

  • #10,381
  • Oct 19, 2012 11:58pm Oct 19, 2012 11:58pm
Quoting ronaleo10
I am a hardcore fan of the guy who wears no 10 jersey ...you can check out my profile pic...

lol...now i am starting to see the importance of No 10.
I dont know who the guy is....but as long as you are profitbale and helping others im fine..lol
Let all the living things live blissfully
  • #10,382
  • Oct 20, 2012 12:05am Oct 20, 2012 12:05am
Quoting loveevery1
I dont know who the guy is....but as long as you are profitbale and helping others im fine..lol
Haha True....

Only problem right now is that due to my time zone i cant trade london Open....so i have very little window to find perfect setups....


but still i am happy with little pips i am gathering at the end of the week.
  • #10,383
  • Oct 20, 2012 4:40am Oct 20, 2012 4:40am
Quoting loveevery1
When will you wait for TP to get hit?
When will you keep less TP?
When will you keep more TP.?
How will it get hit easily without stress?
What is your LOT size.will you get hurt if it takes out your SL?
What is the amount of loss that it has done to your feelings?
Hi Brother LE1!!!

Lemme answer these first!!

When will you wait for TP to get hit?

Well, I’ll wait for it to be hit if:

1) There are no red news coming in next hour

2) HTF trend is defined

3) There was a CONFIRMED bounce off any level of S/R or S/D

When will you keep less TP?

I’ll keep it less if:

1) It is a CT (counter trend) trade

2) There is a any level of S/R or S/D

3) There is no clear trend on HTF and market is in choppy condition

When will you keep more TP.?

I’ll keep it more if:

1) There is a clear defined trend on HTF

2) There is no any level of S/R or S/D identified and the way from my EP (entry price) till the next S/R or S/D area is “clean”

How will it get hit easily without stress?

First of all of course we need to define the direction pair, then look for the possible area of S/R or S/D on HTF, then just go to calendar and check if there are any red news coming out, then go to LTF and look for the “CORRECT” set up!!!

What is your LOT size.will you get hurt if it takes out your SL?

The lot size may differ in every trade and it will depend on the set up of the trade itself, but of course it will also depend on the trader’s nature. My lot size is fixed (my lot is every 1000$ on my depo equals 0.1 (1 pip=1$)) and in some cases when there is an excellent setup I can afford 1 pip=2 or even 3$ (considering that the SL is tiny one). I will not get hurt if sl is hit cause I try to take only high probability setups with R/W starting from 1:2 or more and even if the SL is hit it can be recovered on next trade.

What is the amount of loss that it has done to your feelings?

Well the biggest amount of sl that I ever had was in the beginning of my “journey” I had a SL of 100 pips which was hit and I lost more than a half of my depo (profit). I didn’t put the sl itself and was trading without at all and did pretty much profitable trades. I’ve started my account with 500$ and raised it up to 1500$ in one and half month (trades were very aggressive and the lot size for these 500$ was 1 pip=2 or even 3$) then I withdrawn my 500$ and then with 1000$ I made another 1200 in a month (so I had 2200) and then IT started… once I’ve decided let’s say to more and quick!!! I raised the lot size to 10$ per 1 pip and thought that I will need only some 20 pips to make smth like ~ 10 % of my depo and that I will need only 3 trade per month!!! And I made a trade but price went not in my favor and as a “very” newbie I was watching the price to reverse and go in my direction (instead of cutting the loss I was watching on it going into another direction and HOPING)… then after maybe ~60 pips drawdown I was sure that the price will turn in my favor (it was only my feeling (HOPE)) and I’ve opened another trade with 3$ per 1 pip and thought that it would be nice to have some pips from the bottom side till the price reaches my first order and… the end of the story I think is familiar to everyone.. I ended up only with ~300 $ left on the account (the trade were closed manually without a wish to close them cause I was still HOPING)….

That’s my story…

Thanks and regards,

Roman

  • #10,384
  • Oct 20, 2012 4:42am Oct 20, 2012 4:42am
Quoting loveevery1
Anything?

ALL of these arrow are potential trades with high probability!!!!

Thank you for posting it again and again.!!!

Regards,

Roman
  • #10,385
  • Oct 20, 2012 5:09am Oct 20, 2012 5:09am
Thats a nice expalnation Orko_55.
U really tackled the questions properly.
Thanks
  • #10,386
  • Oct 20, 2012 5:12am Oct 20, 2012 5:12am
Quoting Gibril
LOL you can keep the special key my brother
I got a spare key here.
You can give all the brothers and sisters here the special key
let them all open the door for the green pips.

Im sure they all tired of just looking at the pips through the key hole
they also want to play with the pips.

So give them the Special key brother Gibril

Thank You Sir................

for letting me keeping and using it.............

I will do my best to maximise use this key.........


Have a nice weekends............[/quote]

thats my favorite key buddy
hehe
X-man the legendary conqueror of markets
  • #10,387
  • Oct 20, 2012 5:32am Oct 20, 2012 5:32am
Quoting loveevery1
When will you wait for TP to get hit?
When will you keep less TP?
When will you keep more TP.?
How will it get hit easily without stress?
What is your LOT size.will you get hurt if it takes out your SL?
What is the amount of loss that it has done to your feelings?
Hi LE1
Here is my attempt. Hope I am at least half right.

It seems that all of your questions have to do with Trade Management.
I am assuming because you posted a Daily chart, that the responses are in terms of trading a daily chart.
Also, there are no S/R areas indicated, so answers will exclude these.
I have also limited my answers to the down trend (red arrows) but the opposite would apply in the uptrend (yellow arrows).

When will you wait for TP to get hit?
Stay in the trade when:
* 10ema slope is steep (arrows 1, 10)
* Individual candles shapes indicate that the trend will continue
· maribozu candles (7)
· pinbars (3, 4, 9, 17)
· momentum candles (5, 6, 7, 8, 10, 11, 15, 16, 17, 18)
· engulfing/dark cover candles (7)
· hanging man (12)
* PA indicates trend will continue :
· price may cross 10ema, but can’t close on the other side (7, 18)
· price touches 10ema, and continues in trend (9, 11, 13, 14)
· there is space between PA and 10ema (2, 8)

When will you keep less TP?
* 10ema slope changes to a flatter angle (black arrows)
* PA indicates trend may change:
· Price crosses 10ema and closes on other side (black arrows)
· Candle wicks (both sides) become long indicating uncertainty, stop hunting
· Doji’s appear

* Ema’s become spaghetti and cross
* PA crosses 10ema and closes on the other side (black arrows)

When will you keep more TP.?
Add on to the trade when:
* Trend is still intact (10ema slope is steep, away from 200ema)
* Individual candles shapes indicate that the trend will continue (see above)
* PA may cross 10ema, but can’t close on the other side (7, 18)
* PA touches 10ema, and continues in trend (9, 11, 13, 14)

How will it get hit easily without stress?
The more reasons I can find that support my TP, the less stress I would have:
* S/R levels from higher TF’s
* Trendlines
* Fib lines
* RN’s

What is your LOT size.will you get hurt if it takes out your SL?
* Lot size depends on capital risked. Typically risk 1 – 5% of capital per trade (includes multiple entries). The more comfortable you are with the setup, the more you can risk. (Start with 1% risked and add on as trade moves in your favour until 5% is reached).

What is the amount of loss that it has done to your feelings?
* Risk what you are comfortable with and what will not affect you psychologically.
* A minor Axiom states to Accept SMALL losses cheerfully as a fact of life. Expect to experience several. Learning to take losses is an essential speculative technique.


Please correct me as I need to know the answers and don’t want to confuse other LOVEBEES with what might seem like crazy man ramblings. LOL.

Axiom
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  • #10,388
  • Oct 20, 2012 5:56am Oct 20, 2012 5:56am
Quoting loveevery1
Anything?
hi,

the knowledge that has been drummed into my head suggests that to look at the 10 ema and itss slope .

candles that close with its whole below/above the 10ema are a good indication of what will happen next. this is because the follow up candles face difficulties closing above/below the 10 ema.

also i see that the big candles below/above the 10ema have follow up candles that are not able to go with their price close to the opening price without getting rejected (selling/buying on retracements?)

good to see also the picture that assange posted a while back on long-term and intermediate trends (200 ema - 10 ema).

what strucks me a lot is that if we look to the left, when the 10 EMA gets steep and the to the right, we can see that it gets steep in the same area...until the point where 10 ema and 200 ema formerly crossed on the left side.

remember please i'm just a lovebee so you may want to correct what's wrong.

peace and love and have a blessed weekend.
steph
  • #10,389
  • Oct 20, 2012 6:38am Oct 20, 2012 6:38am
hi,

i have been thinking for some time about the 200 and 800 ema.
if we look at a daily level we don't see crosses happen very often.

why do we trade away from them and don't like trading right in between them when there is not much distance between those 2 emas?

over the past 11 years these crosses haven't happened very often. but please look at the intensity after the crosses after the next few days/weeks/months ..

if you have some time this weekend also look at lower time frames than daily if u are willing to learn.


please consider that i am a newbie and i just try to broaden my horizons and put them in a bigger picture. think about who could be trading these kind of crosses?

does it make sense at all?

have a good weekend
peace and love
steph

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  • #10,390
  • Oct 20, 2012 8:14am Oct 20, 2012 8:14am
hi,

fellow rookies:

i started drawing trendlines onto h4 because i cannot recognise them without a visualization.
can you see how they go together (yellow lines in the white box)?

i took a trade here earlier this week. can you tell me at which candle i entered and where my tp could have been? and why did i think the trade would be in my favor?
hint: my sl was 9 pips and i took more than 30 off this one.

please always consult higher time frames
peace and love
steph

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  • #10,391
  • Oct 20, 2012 8:39am Oct 20, 2012 8:39am
Quoting 99problems
hi,

fellow rookies:

i started drawing trendlines onto h4 because i cannot recognise them without a visualization.
can you see how they go together (yellow lines in the white box)?

i took a trade here earlier this week. can you tell me at which candle i entered and where my tp could have been? and why did i think the trade would be in my favor?
hint: my sl was 9 pips and i took more than 30 off this one.

please always consult higher time frames
peace and love
steph

Attachment

Hi Steph

I'd hazard a guess that you entered at the open of the candle after the pin i marked (close above 10ema and formed HL). TP at BRN (1.30000). This was under your upper TL, though. (On H4, PA retraced up through 10 and 50 ema and closed above, prior to entry candle on M15).

Would an earlier entry (about 8 candles earlier) have been advisable?

Thanks for the learning opportunity.

Axiom
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  • #10,392
  • Oct 20, 2012 8:46am Oct 20, 2012 8:46am
Quoting loveevery1
Anything?
This is such a lovely clue. Guys dont over complicate it. Its simple. Use LOGIC Open our eyes and it will be there. clear our minds from all the complicated things we know about forex. Its much simpler than we think. If we still cant see it then step back from our screens.
X-man the legendary conqueror of markets
  • #10,393
  • Oct 20, 2012 8:47am Oct 20, 2012 8:47am
Hi Gibril

Thank you for the vouch. As I've stated in my posts on your jornal thread, i learn so much from your trade posts. The fact that your methods are based on LE1's strategy is a bonus. Throughout our lifetimes, we should strive to be continuous learners.

Axiom
  • #10,394
  • Oct 20, 2012 8:47am Oct 20, 2012 8:47am
Quoting loveevery1
When will you wait for TP to get hit?
When will you keep less TP?
When will you keep more TP.?
How will it get hit easily without stress?
What is your LOT size.will you get hurt if it takes out your SL?
What is the amount of loss that it has done to your feelings?
you make me self-reflect and i find it a difficult task. thank you for making me learn more about myself sensei arjun.

1. - I will wait for my tp to get hit if i have clearly identified the criteria to define my tp (i don't look for the right tp often).
- My tp has no significant barriers that are in front of it that i did not see initially.
- My tp is in accordance with the trend

2. - In a counter trend trade (adr)
- if i trade between two significant areas that are relatively close to each other (trendlines, emas)

3. - strong momentum candles, i wil move my sl to my initial tp though
- HTF shows no barriers in the way for price to go after it bounced off a formerly significant level

4. only if i am disciplined enough to enter those trades that i consider to be highly probable (even if they go wrong i am not stressed because most of the time they work)

5. my lot size depends on the situation. multiple chunks of my normal lots. more lots with tighter sl for a high probability trade, less when i am feeling invincible

6. i don't like losing. no one does. i cannot be emotionless during trading. it is not in my nature. however, my feelings would get hurt if i risk more than i wanted to. with a bigger sl than i tell myself is reasonable. adjusting SLs to only lose more. it has happened before and i am working on it. you hear people say to trade without feelings. i dont know how they do it. i am still learning.

peace and love
  • #10,395
  • Oct 20, 2012 8:53am Oct 20, 2012 8:53am
Quoting X-Man
This is such a lovely clue. Guys dont over complicate it. Its simple. Use LOGIC Open our eyes and it will be there. clear our minds from all the complicated things we know about forex. Its much simpler than we think. If we still cant see it then step back from our screens.
hi x-man,
didn't realize you vouched me. thanks but i don't deserve it. i am not really on the level that most of the people in this thread are.

as for the riddle. the first thing i thought is that the question mark should be a magnet (someone said something about a magnet a couple of days ago) but i can't think of anything more simple.

i can't wait for that enlightening day to come

peace and love
steph
  • #10,396
  • Oct 20, 2012 9:08am Oct 20, 2012 9:08am
Quoting Axiom
Hi Steph

I'd hazard a guess that you entered at the open of the candle after the pin i marked (close above 10ema and formed HL). TP at BRN (1.30000). This was under your upper TL, though. (On H4, PA retraced up through 10 and 50 ema and closed above, prior to entry candle on M15).

Would an earlier entry (about 8 candles earlier) have been advisable?

Thanks for the learning opportunity.

Axiom

hi axiom,
thanks for learning with me and teaching me.

you are right about my tp but if you consider the higher lows..the other side of the coin shows that there are also lower highs being formed.
i find pin bars are a good indicator of where things will go if there is directional confluence. but in this case the pin is in a critical area that doesn't reveal much yet (of course trendlines are subjective in a way so please take what i say with a grain of salt. moreover they're not exact, only approximate).

personally i took another candle but yours would have worked too if you went long.

peace and love
steph
  • #10,397
  • Oct 20, 2012 9:22am Oct 20, 2012 9:22am
Quoting 99problems
hi x-man,
didn't realize you vouched me. thanks but i don't deserve it. i am not really on the level that most of the people in this thread are.

as for the riddle. the first thing i thought is that the question mark should be a magnet (someone said something about a magnet a couple of days ago) but i can't think of anything more simple.

i can't wait for that enlightening day to come

peace and love
steph
This riddle is so lovey.
Im enjoying it.

Im sure all our minds are working extra time this wekend
All these riddles are keys to making money very very easy.

to figure our this riddle we have to use our EYES and LOGIC

the most amazing thing about arjuns methods is that the SLs are so small and we can have massive gains.
See this clue is on the daily TF right.
we can go to the 15min TF and get easy entries. Our Sl will be like 10 to 15 pips and gains will be like 50 to 100. maybe even more than that. depends how long we willing to make it run. Gibril will squeeze all the pips from it

btw you derserved the vouch my brother.
X-man the legendary conqueror of markets
  • #10,398
  • Oct 20, 2012 9:25am Oct 20, 2012 9:25am
Quoting X-Man
This riddle is so lovey.
Im enjoying it.

Im sure all our minds are working extra time this wekend
All these riddles are keys to making money very very easy.

to figure our this riddle we have to use our EYES and LOGIC

the most amazing thing about arjuns methods is that the SLs are so small and we can have massive gains.
See this clue is on the daily TF right.
we can go to the 15min TF and get easy entries. Our Sl will be like 10 to 15 pips and gains will be like 50 to 100. maybe...
Bro...x-man dint realise u will be around on weekends.these folks are lucky to have you even on weekends...and you help them for nothing...lol
God stay with u ....
Let all the living things live blissfully
  • #10,399
  • Oct 20, 2012 9:27am Oct 20, 2012 9:27am
99problems/axiom

YOu have jorted few points here....very wondfully done.i might not reply to your posts..but dont think im not reading it.When i feel its not important for me to reply i wont.only if i find something which is not right then i reply.

Stay blessed..bros
Let all the living things live blissfully
  • #10,400
  • Oct 20, 2012 9:36am Oct 20, 2012 9:36am
Quoting Imi
G/U M15

Just like Arjun showed us, bounces are getting smaller and smaller
that's how he knows it's gonna break it, that is the 200ema.
see this post by IMI...this has been said several times and i have posted several pictures regarding this....This is LOGIC
Let all the living things live blissfully
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