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Another simple system - Time-Frame 15

  • #10,621
  • Oct 22, 2012 6:50am Oct 22, 2012 6:50am
Quoting Renata
So sorry that happened to you. Even the best can make a mistake. At least it was a mistake not taking a bad trade.
Take a break and tomorrow is a new day!
thanks mate
Let all the living things live blissfully
  • #10,622
  • Oct 22, 2012 6:50am Oct 22, 2012 6:50am
Quoting emmanuel7788
here is how you can manage your Market Watch window.
i have done it mate...thanks for your helpo
Let all the living things live blissfully
  • #10,623
  • Oct 22, 2012 6:53am Oct 22, 2012 6:53am
Quoting loveevery1
Anything?
Good evening master Arjun and fellow traders.

I have a querry and i am puzzled with it. Arjun i was intensely studying the peacock riddle over the weekend . I even got to the point where i was counting and analysing every candle on your sample chart.
Hence during the counting i noticed that your chart displays 147 candles and my EU Daily chart displays 133 candles. I am with Pepperstone, Melbourne Australia.
The only thing i can tell you is that on my charts i do not display Sunday Data. Would this make a difference. I addressed it to X-Man and he too is puzzled.
Arjun sir, or other fellow traders could you shed some light on this.
It makes it hard for me to correlate my charts with yours during analysis.

kind regards

Steve
  • #10,624
  • Oct 22, 2012 6:57am Oct 22, 2012 6:57am
The N formation happens all day long...but where it appears is what matters...thats when it will work...
Attached Image (click to enlarge)
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Let all the living things live blissfully
  • #10,625
  • Oct 22, 2012 7:02am Oct 22, 2012 7:02am
Quoting itrade44
Good evening master Arjun and fellow traders.

I have a querry and i am puzzled with it. Arjun i was intensely studying the peacock riddle over the weekend . I even got to the point where i was counting and analysing every candle on your sample chart.
Hence during the counting i noticed that your chart displays 147 candles and my EU Daily chart displays 133 candles. I am with Pepperstone, Melbourne Australia.
The only thing i can tell you is that on my charts i do not display Sunday Data. Would this make a difference. I addressed it to X-Man and...

That sunday data is exactly the difference.

147-133=14.

So how many sunday do u have within the period?
Basically, this has to do with different broker closing time. Some broker count sunday as whole day while some did not.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #10,626
  • Oct 22, 2012 7:07am Oct 22, 2012 7:07am
Quoting itrade44
Good evening master Arjun and fellow traders.

I have a querry and i am puzzled with it. Arjun i was intensely studying the peacock riddle over the weekend . I even got to the point where i was counting and analysing every candle on your sample chart.
Hence during the counting i noticed that your chart displays 147 candles and my EU Daily chart displays 133 candles. I am with Pepperstone, Melbourne Australia.
The only thing i can tell you is that on my charts i do not display Sunday Data. Would this make a difference. I addressed it to X-Man...
Hi steve...The number of candles or sunday or any other candle does matter....

How?

it will tell you what big boys were doing on that trading day.always remember the concept in this thread is the simplest i have seen...i have not seen this explained anywhere or anybody....but what i said is known to every trader out there but still they lack discipline

The trick is:::::: When the price approaches say 10ema on the 5mn chart from below it pullback to say 2-3 pips before breaking it to the upside,atleast it would stall for a second.if the same thing happens on the HTF...say 4hr -weekly monthly....the same retrace will be for few thousands pips....simple and straight...since we are retailers and dont have all the money in the world.we need to look for the best place to enter...so that the SL is safe...thats why we need 15mn...chart.

Every candle that you see on that peacock chart tells you what could happen -the following day to 70-80% of the times.if the day closes bullish the next day we expect it to continue unless it approaches a strong resistance level.i dont need to explain this as we all are aware of that.

Do not break your head with everything folks.we just want to see if they buy or sell....what do we need to do....we just need to see it and understand it...thats all...

Keep backtesting and think in your mind how will the next day close...bullish or bearish....most of the time if you stick to 10ema ,,,you will be right....

count the yellow arrows...thats above the 10ema so long...and count the red candles above the 10ema it wil be very less comapared to the bullish candles...vis versa for shorts....
Let all the living things live blissfully
  • #10,627
  • Oct 22, 2012 7:07am Oct 22, 2012 7:07am
hello X-man
i just came from the thread you sarted,it seems good from feed back of others but do you still trade in a similer way or are you loyal and stable to this thread system clan?
  • #10,628
  • Oct 22, 2012 7:09am Oct 22, 2012 7:09am
Quoting Xhale12
Quick scalp on EU for +11. +26 so far on the day
xhale, sir.. can you tell me where is your position to scalp ? because i don't see any clear position

thank you very much
  • #10,629
  • Oct 22, 2012 7:11am Oct 22, 2012 7:11am
Quoting ejiexe
That sunday data is exactly the difference.

147-133=14.

So how many sunday do u have within the period?
Basically, this has to do with different broker closing time. Some broker count sunday as whole day while some did not.


Ejiexe my friend, thank you for your prompt reply.
I guess that makes sense. I thought it might be the brokers manipulating the prices but not.
I am very happy with my broker, so i might as well continue focusing on those green pips.
Have a good day

Steve
  • #10,630
  • Oct 22, 2012 7:15am Oct 22, 2012 7:15am
Quoting vickytej2301
xhale, sir.. can you tell me where is your position to scalp ? because i don't see any clear position

thank you very much
Sure thing.

Look at the candle I circled.

Yellow line is 200, brown is 10.
Attached Image
What is any ocean but a multitude of drops?
  • #10,631
  • Oct 22, 2012 7:20am Oct 22, 2012 7:20am
Quoting loveevery1
Hi steve...The number of candles or sunday or any other candle does matter....

How?

it will tell you what big boys were doing on that trading day.always remember the concept in this thread is the simplest i have seen...i have not seen this explained anywhere or anybody....but what i said is known to every trader out there but still they lack discipline

The trick is:::::: When the price approaches say 10ema on the 5mn chart from below it pullback to say 2-3 pips before breaking it to the upside,atleast it would stall for a second.if the...

Printed and put above my bed.
Thank you and I am so sorry that you lost 50 pips today my friend...

peace and love
  • #10,632
  • Oct 22, 2012 7:25am Oct 22, 2012 7:25am
Quoting loveevery1
Hi steve...The number of candles or sunday or any other candle does matter....

How?

it will tell you what big boys were doing on that trading day.always remember the concept in this thread is the simplest i have seen...i have not seen this explained anywhere or anybody....but what i said is known to every trader out there but still they lack discipline

The trick is:::::: When the price approaches say 10ema on the 5mn chart from below it pullback to say 2-3 pips before breaking it to the upside,atleast it would stall for a second.if the same...
WOW !!!!!!
I ask a simple question regarding the number of candles on my charts which i thought of no great significance, and here i have the Master GURU himself-ARGUN giving me a very detailed and eye opening response as to the importance of reading candles, emas' and timeframes. I am truley honoured master Arjun.
One day not to far away i too hope to be able to emmulate your vision, processing powers and to be able to give back to humanity , as you are always doing.
Thank you again, sir

Steve
  • #10,633
  • Oct 22, 2012 7:30am Oct 22, 2012 7:30am
Quoting 99problems
Printed and put above my bed.
Thank you and I am so sorry that you lost 50 pips today my friend...

peace and love
Part of stupidity....i wouldnt have worried if i had taken a wrong trade and lost -100pips....but i felt bad coz of my ignorance...lol

HE wanted to teach me something today....lesson learnt
Let all the living things live blissfully
  • #10,634
  • Oct 22, 2012 7:32am Oct 22, 2012 7:32am
Quoting itrade44
WOW !!!!!!
I ask a simple question regarding the number of candles on my charts which i thought of no great significance, and here i have the Master GURU himself-ARGUN giving me a very detailed and eye opening response as to the importance of reading candles, emas' and timeframes. I am truley honoured master Arjun.
One day not to far away i too hope to be able to emmulate your vision, processing powers and to be able to give back to humanity , as you are always doing.
Thank you again, sir

Steve
Just doing my part brother...that reply is for brother x-man aswell...i will have him look at it....
Let all the living things live blissfully
  • #10,635
  • Oct 22, 2012 7:35am Oct 22, 2012 7:35am
Brother, can you help me with direction where I can find this tool. Thanks.

Quoting hubby7
Sorry to hear that maybe you can have something like this on you trading chart with default SL and TP in case loss of internet connection or whatever.
If you want your dreams to come true, you better wake up !!!
  • #10,636
  • Oct 22, 2012 7:36am Oct 22, 2012 7:36am
I think Arjun said we can belt our house on this type of setup
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #10,637
  • Oct 22, 2012 7:37am Oct 22, 2012 7:37am
http://www.forexfactory.com/showthre...03#post6118803

take a look at this....today
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Let all the living things live blissfully
  • #10,638
  • Oct 22, 2012 7:40am Oct 22, 2012 7:40am
Bro, dont mean any disrespect, but I was reading an earlier post and it says 10 EMA daily is 800 EMA on M15. Here is the link to the post

http://www.forexfactory.com/showthre...11#post6075211


Quoting ejiexe
10ema on daily = 200ema on 15min. So the price is going to test 10ema on daily and it has not reached there as at the time you enter the trade. That is why I said you need to wait for a bounce from 200ema.

1. A nice bounce from 200ema now. So my early entry is at 1.6047.

2. Price has also close below 10ema now. I am sure a retest will be a classic text book entry. This is just my own view and cannot be use for a trading decision as I am a LOVEBEES which is still learning.
If you want your dreams to come true, you better wake up !!!
  • #10,639
  • Oct 22, 2012 7:41am Oct 22, 2012 7:41am
Quoting ejiexe
I think Arjun said we can belt our house on this type of setup
Your SL is never more than 1 or 2 pips pip above the doji....if it takes u out...its fine...its a rule...
Let all the living things live blissfully
  • #10,640
  • Oct 22, 2012 7:42am Oct 22, 2012 7:42am
Quoting sashadeol
Bro, dont mean any disrespect, but I was reading an earlier post and it says 10 EMA daily is 800 EMA on M15. Here is the link to the post

http://www.forexfactory.com/showthre...11#post6075211
Sorry. It was a mistake from my part. I wanted to type 800ema. Sorry for mis information.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
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