Another simple system - Time-Frame 15 | Page 564 | Forex Factory

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Another simple system - Time-Frame 15

  • #11,261
  • Oct 25, 2012 9:52pm Oct 25, 2012 9:52pm
Quoting loveevery1
On this chart can someone tell me where is the down move confirmed....on which candle....
Mark your candle and reasons for it....plz
Hi ya Arjun ..
Attached Image (click to enlarge)
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  • #11,262
  • Oct 25, 2012 9:58pm Oct 25, 2012 9:58pm
Quoting pkimnyc
pretty straight forward, they way i look at it.

trading in given range is no fun. i wanna be in before the breakout.
I learn a lot from your charts and any time I ask for opinion about my charts.You commented when you are online.Thanks alot and best wishes
  • #11,263
  • Oct 25, 2012 10:07pm Oct 25, 2012 10:07pm
The first red candle that broke through the 200 ema , we don't know
if it's going to continue , we wait for retest of 200ema, and enter at that red candle as confirmation.
Note, the 10ema crossed 200ema as well, with good angle.
thanks Arjun
Attached Image (click to enlarge)
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If you're going through hell, keep going. Winston Churchill
  • #11,264
  • Oct 25, 2012 10:10pm Oct 25, 2012 10:10pm
Quoting loveevery1
On this chart can someone tell me where is the down move confirmed....on which candle....
Mark your candle and reasons for it....plz
Loveevery thanks for everything that you do for us.I wish you the best
  • #11,265
  • Oct 25, 2012 10:12pm Oct 25, 2012 10:12pm
Quoting loveevery1
On this chart can someone tell me where is the down move confirmed....on which candle....
Mark your candle and reasons for it....plz
Chart and explanation is attached
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  • #11,266
  • Oct 25, 2012 10:28pm Oct 25, 2012 10:28pm
Quoting loveevery1
On this chart can someone tell me where is the down move confirmed....on which candle....
Mark your candle and reasons for it....plz
here is my explanation...
Attached Image (click to enlarge)
Click to Enlarge Name: arjunqna.jpg Size: 141 KB
  • #11,267
  • Oct 25, 2012 10:51pm Oct 25, 2012 10:51pm
Here is what I think.

take care,
thrax
Attached Image (click to enlarge)
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  • #11,268
  • Oct 25, 2012 11:29pm Oct 25, 2012 11:29pm
This is what I have been looking at for quite some time.The market open characteristic.I did not include New York open cause I seldom around during that time. Please ignore the indicator below it is just for show.I have deleted the candle stick for clearer view of the pattern. After you study the chart you can understand why LE1 discourage us lovebees from taking trade just before or after the market open until there is a clear trend/direction. As I can see a lot of experience and good trader here maybe they can share their knowledge and experience with us.
Tips for lovebees take a very very close look at just before and after market open.This thing happen almost on a daily basis.
Attached File(s)
File Type: doc Market open.doc   457 KB | 652 downloads
  • #11,269
  • Oct 25, 2012 11:31pm Oct 25, 2012 11:31pm
Quoting loveevery1
On this chart can someone tell me where is the down move confirmed....on which candle....
Mark your candle and reasons for it....plz
Downtrend was confirmed on a break of the 800EMA following a Lower High after a series of HH and HL's (marked on chart). Price also broke the 800EMA twice and was rejected both times. TP set above the 200EMA.....Re-entry following a second break of the 200EMA.
Thanks,
Phx62
Attached Image (click to enlarge)
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  • #11,270
  • Oct 25, 2012 11:34pm Oct 25, 2012 11:34pm
Quoting loveevery1
On this chart can someone tell me where is the down move confirmed....on which candle....
Mark your candle and reasons for it....plz

Hi Master Arjun,

Since, I taken this trade, below is my view. Hope you can correct me if I am wrong.

Winwin
Attached File(s)
File Type: pptx Presentation1.pptx   117 KB | 624 downloads
  • #11,271
  • Oct 25, 2012 11:45pm Oct 25, 2012 11:45pm
Quoting Phx62
Downtrend was confirmed on a break of the 800EMA following a Lower High after a series of HH and HL's (marked on chart). Price also broke the 800EMA twice and was rejected both times. TP set above the 200EMA.....Re-entry following a second break of the 200EMA.
Thanks,
Phx62
Lovebees including me is this the answer from a very good trader.We can learn a lot from him.
  • #11,272
  • Oct 26, 2012 12:15am Oct 26, 2012 12:15am
Quoting loveevery1
On this chart can someone tell me where is the down move confirmed....on which candle....
Mark your candle and reasons for it....plz
Here is my entry.
Attached Image (click to enlarge)
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"Everyone wants to go to Heaven, but no one wants to die."
  • #11,273
  • Oct 26, 2012 12:27am Oct 26, 2012 12:27am
Quoting Gibril
When I see you post a good entry like this, I'm so happy that already got the eyes to SEE.

"FEAR" factor need to be eliminated.
.....
P/S Yellow horirontal band, and black trendline will lead you to home, they work like GPS......... ( wish i could write better english to let others have what's in my head for them to see...)
Hi Gibril,

I wish you and all celebrating people a blessed Holiday!

Regarding this specific trade you mentioned, i made a big mistake letting the FEAR taking control over me.
How did this happen?

I didn't do my homework! For GBPUSD I did a good analyze (even SL was around 30 pips) and I still am in that sell trade. Now I'm checking the possibility to move to BE.
For the EU i didn't do the same good work and lost the overall picture. Anyway the transition from GRAB AND RUN to LET IT RUN require more work to do and a better understanding of market.

Thank you Gibril!
  • #11,274
  • Oct 26, 2012 12:41am Oct 26, 2012 12:41am
Gu h4 10ema....
Let all the living things live blissfully
  • #11,275
  • Oct 26, 2012 12:45am Oct 26, 2012 12:45am
Quoting loveevery1
On this chart can someone tell me where is the down move confirmed....on which candle....
Mark your candle and reasons for it....plz
My humble submission
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #11,276
  • Oct 26, 2012 12:58am Oct 26, 2012 12:58am
Quoting loveevery1
Gu h4 10ema....
is that where you aiming for on your short?
Keep It Simple Stupid
  • #11,277
  • Oct 26, 2012 12:58am Oct 26, 2012 12:58am
Hi folks
I've got a new watch ward from our mentor


CONFIRMED! CONFIRMED! CONFIRMED!


So the job right now is to wait spot the confirmation and pull the trigger.
Let it turn and find your entry.
  • #11,278
  • Oct 26, 2012 12:59am Oct 26, 2012 12:59am
Quoting Phx62
Downtrend was confirmed on a break of the 800EMA following a Lower High after a series of HH and HL's (marked on chart). Price also broke the 800EMA twice and was rejected both times. TP set above the 200EMA.....Re-entry following a second break of the 200EMA.
Thanks,
Phx62
What is any ocean but a multitude of drops?
  • #11,279
  • Oct 26, 2012 1:19am Oct 26, 2012 1:19am
I personally would have entered on this candle. Similar to Phx's reasoning, but I personally like to see a LL established as well before I get in. Once the LL was established, wait for a pullback to 10ema, enter on rejection (10ema plus resistance level).

Great dialogue between everyone. Good reasoning.
Attached Image
What is any ocean but a multitude of drops?
  • #11,280
  • Oct 26, 2012 1:30am Oct 26, 2012 1:30am
My greetings to all members here,

First of all, I must say million thanks to the Arjun and senior contributors here with faithful help the newbees and your kindness towards human and philanthropic activities.

Yes, I am one of Invisibles just jumped in 2 days ago and managed to study the first 155 pages of precious teaching documents in this non-valuable thread. Yes, I'm FEAR, SHY, LOSING ... and jealous with all of you who are lucky to discover this thread earlier than me.

As far as I know all members here are very helpful and generous BUT I really don't know why some of you feel so uncomfortable with Invisibles? You hurt me and some other Invisbles (I think so). If there is rule of this thread not allow Invisible, then I will sign out and then just log in as a Guest. Otherwise, you will see a permanent Invisible on this thread.

Just a few wordy nonsense about me. I'm a midle-age man working for poverty reduction and community development projects in VN. I've traded for 3 years with consistent losing results, burned several real accounts... and now demo trading and searching through hundreds of threads try to find a Holy Grail. I almost give up last week and intend to say goodbye forever to forex because of failure (not because of those strategies - no they are all great and sucersful BUT because I was not born for trading). However, forturnately, at my final try, I discover TMS thread by BIG E and by somehow it leads me to this thread, which I can't resist to read post by post, page by page from the start. I will try to finish studying the whole thread by this weekend. The below screenshot (demo of course) is my results so far with this thread which may be nothing to you but really nonvaluable to me as I've never had in the past 3 years - a series of consecutive winners.


All the best to you and keep the good works.
Arjun, thank you again which never enough.
Attached Image
Accept as it is being!
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