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Another simple system - Time-Frame 15

  • #10,641
  • Oct 22, 2012 7:46am Oct 22, 2012 7:46am
Quoting loveevery1
Your SL is never more than 1 or 2 pips pip above the doji....if it takes u out...its fine...its a rule...
Thank you brother. It seems I am still missing some information from the thread then.

I thought, it will be above 200ema to be safe. 11 pips SL
So the rules is 1 pips 1-2 pips above the doji!

THIS IS NOTED SIR
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #10,642
  • Oct 22, 2012 7:48am Oct 22, 2012 7:48am
Quoting ejiexe
Thank you brother. It seems I am still missing some information from the thread then.

I thought, it will be above 200ema to be safe. 11 pips SL
So the rules is 1 pips 1-2 pips above the doji!

THIS IS NOTED SIR
yes this is what i do...i keep it real tight....for example the wick of that doji has pierced to the top and formed a doji..u will put 2 pips above that doji...what if the wick of the doji is 20 pips....?
Let all the living things live blissfully
  • #10,643
  • Oct 22, 2012 7:50am Oct 22, 2012 7:50am
Fellow brothers, should we take short on EURUSD, if this candle closed below the 200 MA in next 10 minutes?

http://clip2net.com/clip/m146154/135...-clip-18kb.png
If you want your dreams to come true, you better wake up !!!
  • #10,644
  • Oct 22, 2012 7:52am Oct 22, 2012 7:52am
Quoting sashadeol
Fellow brothers, should we take short on EURUSD, if this candle closed below the 200 MA in next 10 minutes?

http://clip2net.com/clip/m146154/135...-clip-18kb.png
No one will answer this question sasha...and no one will be able to answer...lol
lets see how thats going to close and then take a call on the same...only on the pull back ...ok
Let all the living things live blissfully
  • #10,645
  • Oct 22, 2012 7:53am Oct 22, 2012 7:53am
Quoting ejiexe
I think Arjun said we can belt our house on this type of setup
Hi ejiexe
Will you elaborate on this setup please?
Thanks
  • #10,646
  • Oct 22, 2012 7:56am Oct 22, 2012 7:56am
Quoting loveevery1
yes this is what i do...i keep it real tight....for example the wick of that doji has pierced to the top and formed a doji..u will put 2 pips above that doji...what if the wick of the doji is 20 pips....?
I am not really sure if my answer is correct but I will try. There is no amr in trying and stand to be corrected as a NEWBEES.

This is even a real previlige to receive a direct training from the master himself.

If the wick is 20pips, I will make it 22 pips and tailor my R:R to the SL.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #10,647
  • Oct 22, 2012 7:58am Oct 22, 2012 7:58am
Quoting ejiexe
I am not really sure if my answer is correct but I will try. There is no amr in trying and stand to be corrected as a NEWBEES.

This is even a real previlige to receive a direct training from the master himself.

If the wick is 20pips, I will make it 22 pips and tailor my R:R to the SL.
My question is will you take something with the LONG wick in the first place....
Let all the living things live blissfully
  • #10,648
  • Oct 22, 2012 8:01am Oct 22, 2012 8:01am
Quoting santorini11
Hi ejiexe
Will you elaborate on this setup please?
Thanks
I am stand to be corrected as I am a NEWBEES trying hard to learn this simple strategy.

The setup to be is a basic setup.

1. Trade away from 200ema
2. Price is cllose below 10ema and formed a doji. I took the trade after the first doji.
3. price tested 4hr 10ema = 200ema on 15min three times and close below 10ema.

That is the the reason for taking the trade.

Master Arjun please correct me as you are around with us. Thanks
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #10,649
  • Oct 22, 2012 8:13am Oct 22, 2012 8:13am
Thank you Master. I am so honored you replied my message :-)

How about now on this setup ?

http://clip2net.com/clip/m146154/135...-clip-20kb.png


Quoting loveevery1
No one will answer this question sasha...and no one will be able to answer...lol
lets see how thats going to close and then take a call on the same...only on the pull back ...ok
If you want your dreams to come true, you better wake up !!!
  • #10,650
  • Oct 22, 2012 8:15am Oct 22, 2012 8:15am
Quoting ejiexe
I am stand to be corrected as I am a NEWBEES trying hard to learn this simple strategy.

The setup to be is a basic setup.

1. Trade away from 200ema
2. Price is cllose below 10ema and formed a doji. I took the trade after the first doji.
3. price tested 4hr 10ema = 200ema on 15min three times and close below 10ema.

That is the the reason for taking the trade.

Master Arjun please correct me as you are around with us. Thanks
bro...it has taken more than 1 hour to reach 9 pips....hesistating too much...wat say?
Let all the living things live blissfully
  • #10,651
  • Oct 22, 2012 8:16am Oct 22, 2012 8:16am
E/U
close below 200 EMA on M15
wait for pull back and see
Keep It Simple Stupid
  • #10,652
  • Oct 22, 2012 8:38am Oct 22, 2012 8:38am
should we short E/U on the candle rite now, if it forms pinbar which seems likely...?
  • #10,653
  • Oct 22, 2012 8:38am Oct 22, 2012 8:38am
Quoting Alastair
E/U
close below 200 EMA on M15
wait for pull back and see
took a short @ 3056.
Keep It Simple Stupid
  • #10,654
  • Oct 22, 2012 8:48am Oct 22, 2012 8:48am
Quoting Alastair
took a short @ 3056.
got no momentum on this trade?
Keep It Simple Stupid
  • #10,655
  • Oct 22, 2012 8:52am Oct 22, 2012 8:52am
Just trying to learn, this is also rejection of RND number at 1.3050

Brothers, I want to learn, what would one do here?

By the way, H1 & H4 10 EMA also comes exactly at this place.

http://clip2net.com/clip/m146154/135...-clip-20kb.png



Quoting sashadeol
Thank you Master. I am so honored you replied my message :-)

How about now on this setup ?

http://clip2net.com/clip/m146154/135...-clip-20kb.png
If you want your dreams to come true, you better wake up !!!
  • #10,656
  • Oct 22, 2012 8:54am Oct 22, 2012 8:54am
Quoting loveevery1
bro...it has taken more than 1 hour to reach 9 pips....hesistating too much...wat say?

I went to pick children from school. It was raining and I have to help to drop some folks. lol I came back and my TP miss by 2 pips. TP set to 1.6028 and the low was 1.6027. My entry was 1.6039 so I close now at BE.

Please what happen to the trade. Is it that there is not momentum to push or what?
Attached Image (click to enlarge)
Click to Enlarge Name: gu15min.gif Size: 16 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #10,657
  • Oct 22, 2012 9:03am Oct 22, 2012 9:03am
Quoting loveevery1
My question is will you take something with the LONG wick in the first place....

Is it the best too skip a setup like that with long wick(20pips) doji that still close below 10ema? Please how do we handle that?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #10,658
  • Oct 22, 2012 9:09am Oct 22, 2012 9:09am
Update.

Decided not to take the trade.

Was watching the N pattern that master Arjun had shared earlier. Was seeing Higher Highs and Higher Lows getting created.

Quoting sashadeol
Just trying to learn, this is also rejection of RND number at 1.3050

Brothers, I want to learn, what would one do here?

By the way, H1 & H4 10 EMA also comes exactly at this place.

http://clip2net.com/clip/m146154/135...-clip-20kb.png
If you want your dreams to come true, you better wake up !!!
  • #10,659
  • Oct 22, 2012 9:21am Oct 22, 2012 9:21am
I got quit 11pips finally.
Attached Image (click to enlarge)
Click to Enlarge Name: gu15min.gif Size: 25 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #10,660
  • Oct 22, 2012 9:23am Oct 22, 2012 9:23am
Just got 6 x 2 = 12 pips in 2 small 1min trades. y 1min, well, I have very small equity. This system rocks
Peace b with all...
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