Another simple system - Time-Frame 15 | Page 559 | Forex Factory

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Another simple system - Time-Frame 15

  • #11,161
  • Edited 9:36am Oct 25, 2012 4:06am | Edited 9:36am
The second trade with this system.. 50 pip +

Thanks everyone,
  • #11,162
  • Oct 25, 2012 4:14am Oct 25, 2012 4:14am
watch out for e/u, bounce off daily 10 ema which has occurred
  • #11,163
  • Oct 25, 2012 4:21am Oct 25, 2012 4:21am
Quoting zander2034
watch out for e/u, bounce off daily 10 ema which has occurred

looking short?

Still locking for long and tight of SL
  • #11,164
  • Oct 25, 2012 4:23am Oct 25, 2012 4:23am
yeh thx saw that

but now forming pin off the 50ma and below RN so should be good if it stays below RN
:-)


Quoting Freak
There's a bounce off the 200ema and trendline (H1 chart)...
  • #11,165
  • Oct 25, 2012 4:33am Oct 25, 2012 4:33am
Eid ul Adha Wishes and
Greetings 2012

To all Brother and Sister.................With Warmest Thoughts and Happy Wishes Too

Idul Adha carries many messages, one of the most important being that in life, we have to constantly make sacrifices in God’s way for the greater good of mankind.

The mass poverty we find amid the plenty, the hard struggle that many go through in life while others seem to have it easy, and the greed that we find almost everywhere....................


I'm off early today. Clean up for Jounal now. I'm OFF tomorow, to help feeding the poor and needy.


Have a good day and weekends.

See you on Monday.

Thank You

Sincerly

Gibril
  • #11,166
  • Oct 25, 2012 4:47am Oct 25, 2012 4:47am
Quoting pip4life
Still locking for long and tight of SL

Must pay attention to looking on H4 TF, we're in SR area, we having 5 blue candle also
Attached Image (click to enlarge)
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  • #11,167
  • Oct 25, 2012 4:48am Oct 25, 2012 4:48am
Hello Adrian,

Very elaborated reply! Thank you for that!

Quoting Ramjet
Yes, it is a good idea to focus on a few pairs in the beginning to get the feel of the pair and how a market moves....
In this moment I watch 5 pair in regular basis (EU, EJ, GU, GJ, AU, and sometimes EN) for M15 trade, but I feel I am not in full control. This feeling is not a positive one. It is like I have just got driving license and trying to control a 300HP like a pro. It is not possible.

So, I am going to reduce this list to 3 pairs to see what my feeling and understanding would be.

Quoting Ramjet
A few things to consider if you trade higher TF's maybe it is a good idea to watch a few more pairs as you have time to find a good instrument to trade and manage..also you wouldn't have to worry about the size of the spreads so much due to the fact most people trade for larger pips with the higher TF's.. Also as prices are like waiting for paint to dry on larger TF's at times it could be wise to scout through a few more pairs so impatience doesn't creep in and you look for the best set ups instead of rushing any trade out of impatience because...
Good point! I have also decided to create a parallel watch list, around 8-10 pairs, where to blend as many currency as possible to have diversity. These ones I am going to watch every four hours to see how price relates to 10EMA, 50EMA and 200EMA. I have been doing this for few days and my goal is to became a habit. Now I am still watching different pairs, adding new one, renouncing to another, so on... I want to finalize this process and get the full watch list done.

Quoting Ramjet
On the days when your nominated markets aren't showing you any signals where you have itchy trigger fingers that's when you could have a look around at different pairs and get the feel of them so as not to get sucked into any of the pairs you trade just because there's no signals at the moment and you just want to trade..
Itchy fingers... you said it perfectly: find other toys to play in order to "forget about" impatience. To cure impatience I only need time and keep a record of my results: the most of loses come from my weak points, one of them being impatience. The good results come when I stick to the rules and chose carefully my entries.

Quoting Ramjet
Also great time to back test different pairs to see how they play with your trading plan..
It is my deficiency...poor backtesting.

Quoting Ramjet
At the end of the day when your making a bucket load of money/pips like the seniors in here you will most probably end up on only a couple of pairs you focus on trading as you will be playing with larger funds and will want to focus your energy on only a few pairs as larger size accounts will play a lot on your psychology as you won't want to mess up with large cash amounts on the line..
where as on smaller accounts people tend to go a bit more shotgun at trading due to not caring as much if they blow a small account so prepared to risk...
In 2-3 months my time dedicated to trade will decrease due to objective factors. So, swing and position trading on H4 seems to be a good alternative. That is why I decided to share my time between short and long term trading. If I will manage to control my impatience quickly, then it will be no problem in finding 3-4 hours per day to wait patiently on M15 some scalping opportunities.
As for the sum invested, everything is relative. It depend on perception and wealth status. I know one person who managed to increase his account from 3 digits to 5 digits in few months. But, he really knew what was doing! Has been mastering his method!

All the best Adrian!
  • #11,168
  • Oct 25, 2012 4:49am Oct 25, 2012 4:49am
Almost 100 pips.
Greetings to all of you, happy Holidays.

http://imageshack.us/a/img703/8976/ssst.gif
  • #11,169
  • Oct 25, 2012 4:53am Oct 25, 2012 4:53am
Quoting Gibril
ATR "5" should be good to start with, with value of 0.1250.

I will look at those ATR again, as the YEN crosses can be VERY volatile compare to the Major.

Thank you for helping me.

Gibril

ATR(5) 1.250 was the time I made this chart.

At the point when you made your first entry:
ATR(100) was 9 pips
ATR(10) was 4pips
ATR(5) was 5pips.

You will see that when market increase in volatility with large price movements the ATR(5) will increase much more than ATR(100).

GJ is most volatile pair ( not including the fancy cross pairs .. polish ccy) as I experienced and widen spread can cause damage.

ATR(100) is good for entry decision but when moving stops in management, look at the recent volatility using ATR (10) and (5).
It is imporatant when you scale-in more positions.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,170
  • Oct 25, 2012 4:56am Oct 25, 2012 4:56am
Eid ul Adha Wishes and
Greetings 2012

Adha Wishes for you to Gibril.
  • #11,171
  • Oct 25, 2012 4:56am Oct 25, 2012 4:56am
Quoting izisale
Almost 100 pips.
Greetings to all of you, happy Holidays.

http://imageshack.us/a/img703/8976/ssst.gif
Great trade! Clear signals and nice profit!
  • #11,172
  • Oct 25, 2012 4:56am Oct 25, 2012 4:56am
Quoting izisale
Almost 100 pips.
Greetings to all of you, happy Holidays.

http://imageshack.us/a/img703/8976/ssst.gif

hello izisale,

welcome to this thread.
good to see you here in this great family of traders.
Congrats! making 100pips.

Happy holidays!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,173
  • Oct 25, 2012 4:57am Oct 25, 2012 4:57am
Quoting Gibril
Eid ul Adha Wishes and
Greetings 2012

To all Brother and Sister.................With Warmest Thoughts and Happy Wishes Too

Idul Adha carries many messages, one of the most important being that in life, we have to constantly make sacrifices in God’s way for the greater good of mankind.

The mass poverty we find amid the plenty, the hard struggle that many go through in life while...
Thanks buddy
I will also be off tomorrow for this special day.
Enjoy buddy
X-man the legendary conqueror of markets
  • #11,174
  • Oct 25, 2012 4:57am Oct 25, 2012 4:57am
Quoting peetee09
USD CHF
setting up for a short
:-)
P
yes...maybe evening (doji) star on D1 in the making...
I never lose - either I win or I learn...
  • #11,175
  • Oct 25, 2012 5:06am Oct 25, 2012 5:06am
Quoting cristiansan
Hello Adrian,

Very elaborated reply! Thank you for that!



In this moment I watch 5 pair in regular basis (EU, EJ, GU, GJ, AU, and sometimes EN) for M15 trade, but I feel I am not in full control. This feeling is not a positive one. It is like I have just got driving license and trying to control a 300HP like a pro. It is not possible.

So, I am going to reduce this list to 3 pairs to see what my feeling and understanding would be.



Good point! I have also decided to create a parallel watch list, around 8-10 pairs, where to blend...
Hi ya Cristiansan..

It looks to me like your on the right track now..Good stuff! and you won't stray to far off track if you just keep absorbing the information and using the information in this thread, you can only get better..

If you can do more back testing that would be good..I know a lot of people look down on it as not real money but it can help get you into the swing of an instrument before you put your money on the line but try not to stay on it for to long as nothing beats live trading as that brings out the true emotions which will show you how your trading is really progressing..
Back testing can always help you in another way of keeping you out of the market when you have that desperation to trade so you don't blow any more money than you have to live.. also if you've had a really bad day or week best to Backtest for damage control rather than put more funds on the line where you can do more damage until you get your confidence back..

Other than that a little bit of psychology to work on which one and all have to keep an eye on and work on at all times

Cheers,
Adrian
  • #11,176
  • Oct 25, 2012 5:13am Oct 25, 2012 5:13am
Thanks guys.
  • #11,177
  • Oct 25, 2012 5:18am Oct 25, 2012 5:18am
Hello,

I'm new to this thread and I'm trying to read whole thread, but it is to much.. My question is.. how many different strategies you discuss here related with post 1 from love, or we still using the same strategy? Or I need to read whole thread to understand you talking about?

Thanks for the answer.
  • #11,178
  • Oct 25, 2012 5:24am Oct 25, 2012 5:24am
Quoting Ramjet
Hi ya Cristiansan..

It looks to me like your on the right track now..Good stuff! and you won't stray to far off track if you just keep absorbing the information and using the information in this thread, you can only get better..

If you can do more back testing that would be good..
Thanks Adrian! For sure I will make time for back testing!
  • #11,179
  • Oct 25, 2012 5:28am Oct 25, 2012 5:28am
A/U -10 failed trade
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  • #11,180
  • Oct 25, 2012 5:29am Oct 25, 2012 5:29am
Quoting zander2034
A/U -10 failed trade
Look at RN right above. Going to be a profit taking zone for those who are long.
What is any ocean but a multitude of drops?
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