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Another simple system - Time-Frame 15

  • #11,281
  • Oct 26, 2012 1:51am Oct 26, 2012 1:51am
Quoting loveevery1
Gu h4 10ema....
i saw that one too

hi everyone,

i tried to play like pkimync this morning (maybe it was a bit risky?)
set TP above H4 10 EMA to 1.6095 , SL was 5 pips initially and moved to 0 pips after the first candle

was up +19 at climax, TP missed by 2 pips and just got taken out when i woke up again lol.

i need some serious lesson in money/trade management.
uni time, wish u all green pips

peace and love
steph

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  • #11,282
  • Oct 26, 2012 2:29am Oct 26, 2012 2:29am
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
Brother Argun,

Here is my interpretation of were the downtrend starts.

ww x
Attached Image
'May God guide you on your life's journey...'
  • #11,283
  • Oct 26, 2012 2:37am Oct 26, 2012 2:37am
Quoting 99problems
i saw that one too

hi everyone,

i tried to play like pkimync this morning (maybe it was a bit risky?)
set TP above H4 10 EMA to 1.6095 , SL was 5 pips initially and moved to 0 pips after the first candle

was up +19 at climax, TP missed by 2 pips and just got taken out when i woke up again lol.

i need some serious lesson in money/trade management.
uni time, wish u all green pips

peace and love
steph

Attachment
Hi brother Steph,

Let me give you an advice, in this particular trade your target was below that line (M_pivot) but as far as i know it is always better to place your TP at or 1-2 pips before the pivot line, and you see here it nicely bounced off it, and one more thing after 19 pips profit move your sl at least 1 pip above/below your entry point (at least you will have 1 pip than be).
Thanks brother and bless you,

Roman
  • #11,284
  • Oct 26, 2012 2:40am Oct 26, 2012 2:40am
Great test thx LE1
Here are my 3 cents worth

1 Downmove confirmed (not necessarily the entry point)
red bar first close under 10MA and 800 MA following pins at top and outside range red bar. agressive ST sell on open of next bar as still above 200ma

2 After large Red bar retest of 10 MA and cls below 10MA sell on open of next bar (aggressive as still above 200MA)

3 Red bar retest of 10MA AND 200 MA and close below 200ma. Correct sell at open of next bar (i would sell when sure that large red was going to close below 10ma

P


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
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  • #11,285
  • Oct 26, 2012 2:50am Oct 26, 2012 2:50am
I try
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  • #11,286
  • Edited 3:26am Oct 26, 2012 3:24am | Edited 3:26am
Quoting Vnfx
My greetings to all members here,

I'm a midle-age man working for poverty reduction and community development projects in VN. ..........However, forturnately, at my final try, I discover TMS thread by BIG E .......
.
Be careful. There is NO Holy Grail, even Big E of TMS who started " Trading Made Simple"will admit to that but one can make a lot of money in FX if you follow simple guidelines : Always trade with Stop Loss, Keep your Targets small, Money Management is the key and remember Never to get lulled into over-confidence by success. Watch all your trades carefully once you make your entry because there is NO NEED to see your stop loss getting hit - you can close the trade before if the signs are not good and re-enter in the same direction if you think your original position was correct : many times the market will "knock you out" and continue in the direction which would have been profitable for you. But you have to watch your equity !

Your goals are laudable - God will help - but do not over-trade ! Read Posts of Phx62.
  • #11,287
  • Oct 26, 2012 3:33am Oct 26, 2012 3:33am
Hey!

I am new to this thread. I started to read the whole thread from the beginning, because I want to learn this simple strategy from you guys.
Today in Australia session, after opening I found a setup according to the strategy and went long. I was up 10pips, then it reversed and got stopped out.
Please can you look at this chart?

Thank you in advance

T.
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  • #11,288
  • Edited 3:53am Oct 26, 2012 3:50am | Edited 3:53am
Quoting orko_555
Hi brother Steph,

Let me give you an advice, in this particular trade your target was below that line (M_pivot) but as far as i know it is always better to place your TP at or 1-2 pips before the pivot line, and you see here it nicely bounced off it, and one more thing after 19 pips profit move your sl at least 1 pip above/below your entry point (at least you will have 1 pip than be).
Thanks brother and bless you,

Roman
thanks roman for helping me! much appreciated.
yes, i wasn't sure how to handle this one to be honest... you see, on H4 i saw no road bumps in the way except the 10 ema do move down lower.
that pivot line was "gapped" yesterday and i thought it's validation is not there.

about adjusting my SL to +1 pip: totally agree!! maybe even slightly above the 10 ema at the point it was up +15... ?

peace and love
steph

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  • #11,289
  • Oct 26, 2012 3:52am Oct 26, 2012 3:52am
Something to be aware of. Could see a bounce off this trendline on EU.

Daily chart.
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What is any ocean but a multitude of drops?
  • #11,290
  • Oct 26, 2012 3:54am Oct 26, 2012 3:54am
anybody watching G/U??

above 200 EMA (long)
Burst through 10EMA and closed (long)
pull back towards 10 EMA (possible long entry point)

green above yellow on TDI,

quite high on 4hr chart at resistance.......
Keep It Simple Stupid
  • #11,291
  • Oct 26, 2012 4:00am Oct 26, 2012 4:00am
On H4 GU is bouncing off an upper trendline, may be about to turn down on higher timeframe
Sorry Alastair, just re-read think you said the same!
  • #11,292
  • Oct 26, 2012 4:12am Oct 26, 2012 4:12am
Yep watchin

also two pins down to test the BRN at 6100
but 10MA not yet pointing up. Little rally from here would do it, then retest of 10MA, then we away...if that come to pass :-)
P

Quoting Alastair
anybody watching G/U??

above 200 EMA (long)
Burst through 10EMA and closed (long)
pull back towards 10 EMA (possible long entry point)

green above yellow on TDI,

quite high on 4hr chart at resistance.......
  • #11,293
  • Edited 4:50am Oct 26, 2012 4:18am | Edited 4:50am
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 all

New to the thread, have been reading through various pages - not been through all but seeing some great contribution by all. I noticed many discussing the Euro short yesterday, I took same also.

I was looking at the rising wedge developing on the 30min/1hr. Final touch on high was also a decling resistance on 1hr. Test on the rising support of the wedge and break was my confirmation - break of 1.2985. This also broke the asian session high. Various MAs confirmed also. (Note, it has stalled at a rising support on the daily).

(Swissy had a declinining wedge and aussie a rising channel - all brokes near the same time - general dollar strength)
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  • #11,294
  • Edited 8:52pm Oct 26, 2012 4:22am | Edited 8:52pm
Quoting TakeUrPills
Hey!

I am new to this thread. I started to read the whole thread from the beginning, because I want to learn this simple strategy from you guys.
Today in Australia session, after opening I found a setup according to the strategy and went long. I was up 10pips, then it reversed and got stopped out.
Please can you look at this chart?

Thank you in advance

T.
Hi ya TakeUrPills..

Welcome to the thread

Just going on the chart you've shown if you look at the 10ema it is pretty flat, trendless and it's bouncing along the 200ema which is pretty flat, trendless..price is deciding where to go and that's where you have to find a clear signal as usually when price hits the 200ema it stops for a coffee break until it decides in which direction it wants to carry on..and that is when you have to look for clear strong Price Action signals out of these areas for an entry..

If you read through the PDF's kindly put together by ForexNerds you'll get a grasp of what price action signals from these areas you should be looking for..
http://www.forexfactory.com/showthre...05#post6118205
http://www.forexfactory.com/showthre...09#post6119609
http://www.forexfactory.com/showthre...95#post6122795
http://www.forexfactory.com/showthre...48#post6132848
http://www.forexfactory.com/showthre...07#post6128607
http://www.forexfactory.com/showthre...49#post6137449

Cheers,
Adrian
  • #11,295
  • Oct 26, 2012 4:46am Oct 26, 2012 4:46am
E/U
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What is any ocean but a multitude of drops?
  • #11,296
  • Oct 26, 2012 5:15am Oct 26, 2012 5:15am
Anyone analysing EU?
Broke 10 EMA on M15 and H1
But 200 EMA on H4 sitting below.
Any advise?

sorry no chart, not near my own comp.

thx
If you want your dreams to come true, you better wake up !!!
  • #11,297
  • Oct 26, 2012 5:18am Oct 26, 2012 5:18am
Again EU
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What is any ocean but a multitude of drops?
  • #11,298
  • Oct 26, 2012 5:29am Oct 26, 2012 5:29am
Quoting sashadeol
Anyone analysing EU?
Broke 10 EMA on M15 and H1
But 200 EMA on H4 sitting below.
Any advise?

sorry no chart, not near my own comp.

thx
Today I am not trading, just reading and catch up with this ever increasing number of posts.

but you missed that H1 Pin Bar and you lost the entry with momentum.
1.2900 below is psych level.

look at yesterday D close and 10EMA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,299
  • Oct 26, 2012 5:37am Oct 26, 2012 5:37am
Dear Arjun and all other active contributors,

It has been said several times already, but I wanted to express my gratitude as well for your hard work and continuous dedication to this thread.

I have been taking trades using the principles and concepts described here and often wonder at the simplicity of it all :-)

I have mostly traded the tick/second charts, but not without the stress that comes with it. However, that experience is now coming handy to time my entries using this system.

I will try and contribute where I can.

Thanks for everything. Wish all here good health and fortune.

Ankur
  • #11,300
  • Oct 26, 2012 5:43am Oct 26, 2012 5:43am
eur/jpy lockin my 14 pip and let it run
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