Another simple system - Time-Frame 15 | Page 539 | Forex Factory

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Another simple system - Time-Frame 15

  • #10,761
  • Oct 23, 2012 2:39am Oct 23, 2012 2:39am
EURUSD
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  • #10,762
  • Oct 23, 2012 2:39am Oct 23, 2012 2:39am
Quoting X-Man
guys look at this.
EJ hit a resistance and then bounced back. which means counter trades towards the 200ema.
Took that trade earlier and did good but didn't get your spreads
  • #10,763
  • Oct 23, 2012 2:41am Oct 23, 2012 2:41am
Quoting emmanuel7788
one way is to look at your initial risk SL in pips.
if SL is 12 pips , that would be your R

when market move +R pips you exit part and take profit +R.

BE remain positions. ..then move protective stops every market move +R .. until the market take you out. Based on you smal SL, you should be able to get 2R trades very often.

For swing trading, it is slightly different technique but the same using R-Multiples.

Question is: How much of your floating profit do you give up to "Let Profit Run".
I usally dont trade if i get more than 20 pips...these days its much lesser...ai want only 50 pips a week and nothign more....sometimes i get it in just one day...and i dont trade other days....

May be i will close half and let the other RUN....lets see
Let all the living things live blissfully
  • #10,764
  • Oct 23, 2012 2:42am Oct 23, 2012 2:42am
EURJPY.
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  • #10,765
  • Oct 23, 2012 2:43am Oct 23, 2012 2:43am
Quoting jordfx
EU and EJ are simply shooting down! Unfortunately I missed my entry. Hoping GU will soon follow suit... correlation and all.....

it is pro-USD today...it seems so.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,766
  • Oct 23, 2012 2:44am Oct 23, 2012 2:44am
Quoting X-Man
EU
trading away from the 200ema
What do you mean by trading away exactly? Sorry just curium if it's moving up. Now
  • #10,767
  • Oct 23, 2012 2:46am Oct 23, 2012 2:46am
Quoting pinux76
50 min until GPB BBA mortage Approvals
yes right they are waiting for the news....
Let all the living things live blissfully
  • #10,768
  • Oct 23, 2012 2:46am Oct 23, 2012 2:46am
Quoting jordfx
EURJPY.

Are you sure with your London open time??
  • #10,769
  • Oct 23, 2012 2:49am Oct 23, 2012 2:49am
Finally GU seems to be moving now!
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  • #10,770
  • Oct 23, 2012 2:52am Oct 23, 2012 2:52am
Aud looking weak imo.
1HR

Missed the pin from 50MA to BRN. Now looking for bounce to test 200MA or 50MA, pin would be nice :-)

Open to others' thoughts
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  • #10,771
  • Oct 23, 2012 2:56am Oct 23, 2012 2:56am
EJ. Will the support break?????
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  • #10,772
  • Oct 23, 2012 2:59am Oct 23, 2012 2:59am
Quoting Mr.Deghayes
What do you mean by trading away exactly? Sorry just curium if it's moving up. Now
This is the most basic rule which can be found on the first page as well.
Someone hasnt been reading the thread
X-man the legendary conqueror of markets
  • #10,773
  • Oct 23, 2012 2:59am Oct 23, 2012 2:59am
here is an exmaple of AU trade running using R-multiple management

SL is 17 pips = R

let's see if market will give me a full 2xR trade.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,774
  • Oct 23, 2012 3:02am Oct 23, 2012 3:02am
Quoting jordfx
EJ. Will the support break?????

do you see H > L > LH > LL?

can you handle another LH ?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,775
  • Oct 23, 2012 3:07am Oct 23, 2012 3:07am
Quoting X-Man
This is the most basic rule which can be found on the first page as well.
Someone hasnt been reading the thread

laziness is...
Keep It Simple Stupid
  • #10,776
  • Oct 23, 2012 3:09am Oct 23, 2012 3:09am
And this? Will it break the 800ema???
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  • #10,777
  • Oct 23, 2012 3:12am Oct 23, 2012 3:12am
Quoting jordfx
And this? Will it break the 800ema???
Lol, noone knows the answer to these questions man. Don't worry about predicting what will happen for now. Just wait for your signal and enter when it comes.
What is any ocean but a multitude of drops?
  • #10,778
  • Oct 23, 2012 3:24am Oct 23, 2012 3:24am
Quoting jordfx
And this? Will it break the 800ema???

you SELL below 800EMA and now looking if it will break below that 800EMA, right?

selling into support is why many traders fail.
same for those who buy into resistance.

Fundamental of trading is:

BUY LOW
SELL HIGH.

easy to say, but how to do?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,779
  • Oct 23, 2012 3:56am Oct 23, 2012 3:56am
so we have had a little pull back up here to about the 38% fib from todays down move.
going to watch this 15M candle close and see for a possible short down to test the low.

what you guys think??
Keep It Simple Stupid
  • #10,780
  • Oct 23, 2012 3:59am Oct 23, 2012 3:59am
Quoting X-Man
This is the most basic rule which can be found on the first page as well.
Someone hasnt been reading the thread
i have read the thread especially the first pages over and over again, in fact i just came back from reading, its just that i thought it would be to use the bounces off 200ema as entry indicators as looking at my chart it works.

but when you said trading away from 200ema that in itself confused me a bit, the other thing in the first page it said w trade away from 200ema so what does it mean?
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