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Attachments: Another simple system - Time-Frame 15
Exit Attachments

Another simple system - Time-Frame 15

Quoting X-Man
just another quick reply.
This is because i dont like to see my brothers osing their hard earned money.
A trader should do extensive research before even going with any broker
See if they have met all the legal requirements etc.
A trader should try to go with an ECN broker rather than a market makers.

You see maker makers bet against you in the trades you take. so if you lose they make money and if you win they lose money.
They dont like losing. No one likes to lose. so what you think they will do to win?

ECN broker does not bet against you....
Hi Xman

Perfect with what u say.

If u lose coz of wrong trades, ok u have to bear it.

What if somebody snatches money fm u ?

Better to pay commissions than to get cheated.

100% agree.

Thanks

Metalman
FIGHT TILL FINISH
Quoting X-Man
Thats for this my brother
This look useful for setting targets
I will try it out and see how it works for me.

just want to empahsize the use of R and R-multiple to measure the trade results.
A trading system peformance can be meausred by Expectancy which is calculated using this R multiples.

Recommended book:
Super Trader
by Dr Van Tharp
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
hi,

i got three PMs regarding trendlines last night. PLEASE post your questions in the thread and participate (don't worry, i won't post names lol).

first of all, i am one of the biggest LOVEBEES around here so please don't just accept what i say but think about it critically.

maybe some of the experienced traders can give us a view on the following too?

Here is how is see it:

Trendlines

"In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas (valleys). In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas (peaks)."

(babypips)


I started drawing these on H4 on daily levels. This is because Arjun taught us that higher time frames can take out the lower ones. Thus we need to look at higher time frames to identify the trend and look for entries on M15.

The lines I draw are in accordance with the quotation from babypips.
As you will see on my chart below there is no guarantee that the trendline will hold or be respected. We don't just enter if we see that price is stuck at a trendline. In fact, when it's stuck around there it could mean that no more resistance/support is at the trendline, meaning it could break.

I speak so much about them already, it seems that they are important...

My brother here put it down well last night:

Quoting pkimnyc
in regards to trendlines... i wouldn't be too crazy about it.
They are not magical. Just illustrative.
If you can apply them with the other tools you learnt from this thread then use them if you'd like to. They help me. This doesn't mean they will help everyone.

They're subjective, often there are more than two trendlines on my chart pointing in the same direction.
Where does this leave us? Forex is not an exact sciene...

GU H4 chart attached

peace and love
steph

P.S.: i don't mean to offend anyone and feel free to send me PMs like this but contribute to the thread. this will benefit you more because there are GOOD traders in here. not like me buddies...i mean really good traders. take as much as you can from their limited presence. don't take it for granted

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ejiexe

Thanks for the replies . It's good to get a proper straight answer once in a while... often here I only get (yet) another riddle.

I do recall these post and I'm working through the whole thread again.

Many thanks

r


Quoting ejiexe
Do you also remember this

#2989

That is why we cannot do without this. The more you can do the analysis with different tool on higher time frame the better you will be as a trader.

Remember we still use the basic setup to enter the trade. We don't jump the gun but with much of experience you will start feeling the market.

Nice weekend
Quoting Ramjet
Hey Arjun..

I was wondering when you get trades like these with a lot of confluence on the weekends would you actually put in a sell limit??

Cheers,
Adrian
Nope i dont use limit orders....
Let all the living things live blissfully
Quoting Metalman
Dear All

We thank each other & help each other so often.

Just a thought, Do we ever thank FF for having created this forum for the entire trader community to meet at one place & express, share, co-operate each other & take benefit without having to pay even a single penny.

Lets all join hand together to show our heartfelt feelings of being obliged to FF for this all. Lets wish that this FF gets even bigger & better in the days to come & become an example of how the entire world can have no geographical limitations & every trader feels...
A very good idea....and twee the moderator is a wise person with great heart.....I will start a new thread(after getting approval from him) and we shall vote for FF...wat say folks?
Let all the living things live blissfully
Quoting loveevery1
A very good idea....and twee the moderator is a wise person with great heart.....I will start a new thread(after getting approval from him) and we shall vote for FF...wat say folks?
Dear LE1

Thanks bro for being affirmative with this idea. Lets not spend time in thinking about it. Please take an approval & this will be a humble & unique idea to start a new thread to show greatfulness to the people who have made it possible for tens of thousands of people to unite together for a common cause (making people gain who have been losing or r about to lose) by Master Arjun.

Regds

Metalman
FIGHT TILL FINISH
Thank you brother

Quoting ForexNerds
Dear All,

I am just another lost soul that is trying to make money in forex and somehow I wasn't succeeding so far. Then I found you guys. I am still learning and by learning I mean that I am studying this thread and charts for up to 14 hours per day. I am basically breathing forex and the best thing about it is that I don't feel exhausted at all. It is a wonderful thing to work on something that brings you joy and hopefully also some money at the end of the day.

This thread is truly blessed, not only with incredibly successful traders, but also...
If you want your dreams to come true, you better wake up !!!
Quoting Assange


You have a very good system to follow, provided that one have tifht discipline in executing trades.

As for the Charity part, I agree to contribute to the unfortunate.

Therefore to proof your system is easy to follow and giving charity to unfortunate people, I have trained school drop-out in my village to do trading ( live account) from the profit I made.

1) If this boy ( 13 years school drop-out) can make money from this simple system, I doubt anyone here cannot.
2) The profit from trading that account will...

Dear Assange

While going thru the thread, found this:

OMG is it possible to train a 13 year old to teach this ? If yes, really everyone in the thread MUST make successful trades.

This way u have said so much to encourage so many.

All the best for this noble thought.

Please tell what is the current status of this boy.

Metalman
FIGHT TILL FINISH
Quoting rorieu
ejiexe

Thanks for the replies . It's good to get a proper straight answer once in a while... often here I only get (yet) another riddle.

I do recall these post and I'm working through the whole thread again.

Many thanks

r
Hey Rorieu..

Yes, it's best you go to the start of the thread and also keep reading the newer posts that come along as well..I know it's a bit of a daunting task as I am a slow reader and at times I feel I'm not catching up but after a couple of weeks of doing this I'm starting to get it and I'm glad I've done just that as I can see the potential and have done tiny live trades in between with more wins than losses so very happy about that to, so actually seeing the ideas working while reading is great..

I know what you mean about the riddles as I to was a tiny frustrated trying to understand Arjun and Gibril (sorry guys! )..but now after going through this thread and Gibril's slowly, very slowly lol..they ROCK!!..the knowledge I'm getting from them after finally getting use to there way of teaching us is truly astounding..
Sorry I can't forget all the other awesome helpers in these threads as they are all great people X-Man, Pip26, emmanuel7788, etc, the list goes on..

So do yourself a huge favor and go through the thread and grin and bare it because before you know it you'll be saying "why didn't I just do this in the first place"...you will truly be glad you did it as it is a jigsaw puzzle that is slowly put together bit by bit

Cheers,
Adrian
Quoting 99problems
They're subjective, often there are more than two trendlines on my chart pointing in the same direction.
Hey 99problems..

Yes as you say I think they are very subjective as each person could see a different trend line on the chart in a different place..that's why I feel as Pkimnyc said
Quote
I wouldn't be to crazy about it
don't get to fussed about them as I feel if you were to trade with them make sure you plot them on the higher TF's also put on the clear obvious TL's that are so obvious that a child would see them and the big boys will see them..

At the end of the day I feel horizontal S/R levels with PA will always be the winner and trendlines work as a good confluence mainly if using obvious lines that every one can see on the higher TF's..

Cheers,
Adrian
here's the problem with tl.

example: obvious bounce at the tl on daily chart.
according to tl, long trades were much more favorable... but the result?
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Quoting pkimnyc
here's the problem with tl.

example: obvious bounce at the tl on daily chart.
according to tl, long trades were much more favorable... but the result?
now what??? do we short?

obviously short trades were failed too.

so then what at this point? tl break and retest? short again?
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Quoting pkimnyc
now what??? do we short?

obviously short trades were failed too.

so then what at this point? tl break and retest? short again?
uh oh...

guess at this point, we should re-draw the trendline as the chart at the bottom.
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Quoting pkimnyc
uh oh...

guess at this point, we should re-draw the trendline as the chart at the bottom.
again, trendline breaks. do we short? or wait for the retest?
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Quoting pkimnyc
again, trendline breaks. do we short? or wait for the retest?
and here is the result...
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Quoting jdva
also the fibo arcs might give some clues in future....
perhaps for my dear friend and swing/position trader Gibril...if at all he needs such a strange thing...

Attachment 1062141

jdva

could u please attach this to attach to my chart.

Thanks

Metalman
FIGHT TILL FINISH
and this?
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Quoting pkimnyc
and this?
Good stuff Pkimnyc!

This chart was one of the biggest issues I found with TL's..
Hi,

Attached charts of my Big Picture plan for AU week 43.

I see two important price levels seen on W1 TF.
Also last week D closed looks like a good 3-bar bearish setup for NY open. But I will wait and see what the weekend gap would be like.
For intraday trading, stick to your 10EMA on all TFs but observe the H4 candles open/close and also the D open/close.

Will try provide daily update next week.

Trade Well!
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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