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Another simple system - Time-Frame 15

  • #11,381
  • Oct 26, 2012 10:46pm Oct 26, 2012 10:46pm
Friends,

I post 3 H4 trades and hope noone feels offended.

1. AUDNZD
TDI cross below MBL, MBL is showing down move. The last candles show some indecision but the EMA(200) is also bearish, price is below it and the higher level EMA(10)s are above price.

2. USDCHF
There is divergence between price and TDI, resistance zone at 0.93700 and bearish TDI cross. BUT: the MBL is moving upward and the TDI cross happened above it.

3. NZDUSD
TDI cross above MBL, price above EMA(200) and EMA(10)s, TP set to the completion of ABCD pattern.

take care,
thrax
Attached Image(s) (click to enlarge)
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  • #11,382
  • Oct 26, 2012 10:46pm Oct 26, 2012 10:46pm
Quoting loveevery1

Most of the folks out there will think that this is another mechanical system with the indicators and so on....

I dont want to update the first post.I want everyone to learn the proper way.

Only time will TELL....you stay blessed till then
Hi Arjun,

I also don't think it is necessary to update Post#1. The fundamental is there already. Those are the pillars or foundation of this simple method.
Every trader who wants to learn this method of trading must have the passion to be a trader, knows what it takes to become a sucessful trader, must have the commitment to work diligently to achieve high win rate and maintain the consistency over a longer time span. There is no short cut nor fast track method to learn this simple method. You can learn this method in a few hundred hours. But to be a super trader you need to clock that 10,000 hours. Why?

Read the book "The Talent Code" by Daniel Coyle. It will give you some source of inspiration for you to think over and decide to take that long journey of 10,000 hours.

Arjun aka Loveevery1 has taught here how to fish, he has even given us each the fishing rod. ... and the Yellow Hat on our heads. Are we doing it right?

I am bored when market not showing any tick movement, so I spent few minutes and be creative. Put on my Green thinking Hat .

See attached picture.

Have a Blessed Weekend.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,383
  • Oct 26, 2012 10:50pm Oct 26, 2012 10:50pm
Quote
As promised, I am attaching a document of Imi's posts in this thread. You will learn a lot, especially about potential entries and candlestick formations in relation to EMAs. Further, he stressed several times to always look on the higher time frame for a bounce and then go to a lower one to find the entry. Thank you Imi for your contributions in this thread!

Be careful guys though, with the counter trend trades, which you will see many in the document!

Trade Well Everyone
Thanks ForexNerds

Very much appreciated.

Sorry for the late reply
  • #11,384
  • Oct 26, 2012 11:20pm Oct 26, 2012 11:20pm
many many thanks master arjun and all great contributor.it is really great thread by great ppl first then fx trading system.i am really trying hard to learn .this is my 1 st trading chart here ....if you find any thing wrong (short entry white line)please let me know.
Attached Image (click to enlarge)
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Say something meaningful or Silence!!
  • #11,385
  • Oct 26, 2012 11:23pm Oct 26, 2012 11:23pm
Quoting emmanuel7788
Hi Arjun,

I also don't think it is necessary to update Post#1. The fundamental is there already. Those are the pillars or foundation of this simple method.
Every trader who wants to learn this method of trading must have the passion to be a trader, knows what it takes to become a sucessful trader, must have the commitment to work diligently to achieve high win rate and maintain the consistency over a longer time span. There is no short cut nor fast track method to learn this simple method. You can learn this method in a few hundred hours....
very well said brother emmanuel7788.Most of the people dont want to work.but they fail to realise the importance of giving time to the chart.thats the only secret.Only if they spend CONSCIOUS TIME in front of the charts...eveything will be a cake walk..and this is why i decided that i should never update the first page....lol

I know it looks so boring on the first page for most of the newcomers and that first post filters lot lazybies from coming inside...lol
Let all the living things live blissfully
  • #11,386
  • Oct 26, 2012 11:40pm Oct 26, 2012 11:40pm
Two trades for the day....
1st trade.....following LO....candle close above the 10EMA...TP 20 pips.....SL 10 pips......closed trade for +9 pips.
2nd trade.....price consolidation....nice pullback bar on H1 (already mentioned by Emmanuel and others)....entered on a cross of the 10EMA......TP20....moved to 50 on strong price action.....SL 10......target of +50 hit.
No trades during NY but looking at the chart....another possible 40+ pips back to the 200EMA....Entry would have been on a close above the 10EMA and pull back above the daily trendline and above the RN 1.2900.
Attached Image (click to enlarge)
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  • #11,387
  • Oct 26, 2012 11:44pm Oct 26, 2012 11:44pm
This Weekend' Homework

Train your Eyes.

Create a new Profile in your MT4
Open 3 charts in this new Profile
Make the 1st chart M15 TF
Make the 2nd chart H1
Make the 3rd chart H4

Re-arrange the chart windows so that you can see a bigger M15 chart, and the two H1 and H4 as smaller windows as shown in the attachment below.

Add the same 10 EMA to each of the 3 charts.
For the M15 chart, add the EMA200 and EMA800. The EMA 50 is option but I like it in M15.

After you have doen this and happy with what you see.. Save that Profile with your prefer profile name:
Call it "3-in-1 EURPY" if you like.

You can make a new Profile for each of the currency pair you trade.

Now train your eyes.

But remember to rest your eyes every 20 mins by looking out of your home/house/apartment window and look far away for 3 mins to let your eyes relax.
Repeat this as many times as you can.

Warning: DO NOT neglect your spouse, children, other loved ones, your pets, ... while you do this exercise.


Relax and Enjoy.
Attached Image (click to enlarge)
Click to Enlarge Name: Triple Screen View.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,388
  • Oct 27, 2012 1:21am Oct 27, 2012 1:21am
Quoting loveevery1
Brother xhale....I remember the number of questions you asked me when you came to this thread through PM? remember....?

Today you have improved to a great extent.you have started analysing from HTF ...i saw you daily chart posting you made....and the trades you took based on LOGIC...keep it up
Haha yes my friend. I have learned more in a month here than I have in 3 years of studying trading. I am shocking MYSELF with the results I've been getting as of late. I never thought it would be possible.

I gave up on forex 10 months ago and tried stocks (unsuccessfully), and for some reason decided to visit this forum again one day for no apparent reason. I was just bored. I saw one of X-Man's posts, sent him a PM, and he led me here. The rest as they say is history. As you said Arjun..... it was destiny.

I agree with you all on not changing the first post. There are no shortcuts to success. One can easily read this whole thread in a weeks time. Plus it would be near impossible to sum up this style of trading in one post.
What is any ocean but a multitude of drops?
  • #11,389
  • Oct 27, 2012 1:29am Oct 27, 2012 1:29am
This is to all my brother and sister and particularly to my dear BROTHER PAT...

Imagination is more important than knowledge.

Great spirits have always encountered violent opposition from mediocre minds. The mediocre mind is incapable of understanding the man who refuses to bow blindly to conventional prejudices and chooses instead to express his opinions courageously and honestly.

Bear in mind that the wonderful things you learn in your schools are the work of many generations, produced by enthusiastic effort and infinite labor in every country of the world. All this is put into your hands as your inheritance in order that you may receive it, honor it, add to it, and one day faithfully hand it to your children. Thus do we mortals achieve immortality in the permanent things which we create in common.

The most precious things in life are not those you get for money.

The true value of a human being is determined primarily by how he has attained liberation from the self.

The life of the individual has meaning only insofar as it aids in making the life of every living thing nobler and more beautiful...

A person who never made a mistake never tried anything new.

Imagination is everything. It is the preview of life's coming attractions.

True religion is real living; living with all one's soul, with all one's goodness and righteousness.

We can't solve problems by using the same kind of thinking we used when we created them.

Once we accept our limits, we go beyond them.
Let all the living things live blissfully
  • #11,390
  • Oct 27, 2012 1:30am Oct 27, 2012 1:30am
Quoting Xhale12
Haha yes my friend. I have learned more in a month here than I have in 3 years of studying trading. I am shocking MYSELF with the results I've been getting as of late. I never thought it would be possible.

I gave up on forex 10 months ago and tried stocks (unsuccessfully), and for some reason decided to visit this forum again one day for no apparent reason. I was just bored. I saw one of X-Man's posts, sent him a PM, and he led me here. The rest as they say is history. As you said Arjun..... it was destiny.

I agree...
Keep it up my friend....never let you MIND rule you..careful with him.
Let all the living things live blissfully
  • #11,391
  • Oct 27, 2012 1:49am Oct 27, 2012 1:49am
Yesterday's trade. greeting
thanks everyone.

http://imageshack.us/a/img268/4362/57450909.gif
http://imageshack.us/a/img9/7186/14703643.gif
  • #11,392
  • Oct 27, 2012 1:58am Oct 27, 2012 1:58am
Hi there my friends,

Congratulations for this great system and thread Loveevery1!Thanks to all the contributers of this great system!
Very good traders got interested in this system which means a lot people.Keep this awesome work going!

I'm trying to find time and read all the thread to catch the rithm.

Bless everyone!
  • #11,393
  • Oct 27, 2012 2:00am Oct 27, 2012 2:00am
And now a question to everyone and PHX62!

Does any of you include supply and demand in this system when studying it?

Thanks!
  • #11,394
  • Oct 27, 2012 2:26am Oct 27, 2012 2:26am
Quoting sarmatius
Hi there my friends,

Congratulations for this great system and thread Loveevery1!Thanks to all the contributers of this great system!
Very good traders got interested in this system which means a lot people.Keep this awesome work going!

I'm trying to find time and read all the thread to catch the rithm.

Bless everyone!
Hi ya Sarmatius..

Welcome to the thread

This post should help speed your learning up http://www.forexfactory.com/showthre...01#post6136301 ..after that you can go through the whole thread to get every piece of detail as the system and thread have grown..

Cheers,
Adrian
  • #11,395
  • Oct 27, 2012 2:32am Oct 27, 2012 2:32am
Quoting loveevery1
How many of you paid to this one....???

Remember a 10 pip confirmed entry is better than 100 pips unconfirmed entry....
Brother that GU trade was a lovey trade for really easy easy pips.
If people paid attention to it they would made some money .
X-man the legendary conqueror of markets
  • #11,396
  • Oct 27, 2012 2:34am Oct 27, 2012 2:34am
Quoting sarmatius
And now a question to everyone and PHX62!

Does any of you include supply and demand in this system when studying it?

Thanks!
I've always thought of Supply and Demand as just a fancy way of saying Support and Resistance..if not someone please correct me..
If so yes S/R is used most all the time in this thread as with any other technical trading method as we have to find levels to best place our Stops, Entry's and Targets and S/R are very beneficial in helping most times with this..
  • #11,397
  • Oct 27, 2012 2:46am Oct 27, 2012 2:46am
Quoting X-Man
Brother that GU trade was a lovey trade for really easy easy pips.
If people paid attention to it they would made some money .
Hey X-Man..

What's the Rock Star doing here..thought you had the weekends off

Care to enlighten us with how your pip loaded truck went this week..any broken axles??
  • #11,398
  • Oct 27, 2012 2:51am Oct 27, 2012 2:51am
Quoting loveevery1
Brother...sashadeol.I know what you mean.I dont want too much attention to this thread.and i dont want easy way to learning this thread.and the PDF is not a substitute to learning the thread.i still feel thread has more information than the PDF.Every month is a chapter.It will teach the reader patience in life and in forex.Reading is very very important...

Most of the folks out there will think that this is another mechanical system with the indicators and so on....Thank heavens even the thread name is the simple lol....

I dont want to update...
Yes i agree with this post.
The traders thats hungry for knowledge will learn.
The PDfs are a great help but it wont give you that experience from post 1 until current post to set your mind in a certain way.
The PDFs will only help a trader only after he read the entire thread.
There are many many small posts made by noobs that a person has to read with the reply of arjuns to really understand the process to its full ability.

You know sometimes we read arjuns posts and think there was nothing really there coz he mustve said few words and that was it.

Well read it over and over again. and you will see certain things opening up.
No jokes guys.
Im not here to trick you guys.
HOw do i know this?
i read the thread 2 times literally. the first time was easy the second time was difficult coz why must i read it again ???? an there are so many more pages.

The second read opened my eyes and my mind up even more than the first time.
I want to read it for the third time now but since i know teh thread so well this is the time the PDFs come in use. Now i can choose the posts i want to read.
My eyes have really started to SEE.

I thought after my first read i was seeing. but after my second read i am seeing more.


MY eyes are bn trained. and started using more and more logic
X-man the legendary conqueror of markets
  • #11,399
  • Oct 27, 2012 2:56am Oct 27, 2012 2:56am
Quoting Ramjet
Hey X-Man..

What's the Rock Star doing here..thought you had the weekends off

Care to enlighten us with how your pip loaded truck went this week..any broken axles??
LOL i am just catching up on reading. I can never leave this thread even for a day otherwise i will have to do too much reading LOL.

MY today for monday and tuesday is 275 pips.
LOL i had to get few more trucks recently.
I didnt trade from wednesday. I was very busy with something and still very very busy.
Hopefully on monday i will start trading again if i finish with my project.

Im busy training my eyes more and more.
X-man the legendary conqueror of markets
  • #11,400
  • Oct 27, 2012 3:05am Oct 27, 2012 3:05am
[quote]
Quoting X-Man
LOL i am just catching up on reading. I can never leave this thread even for a day otherwise i will have to do too much reading LOL.
lol, yes I know what you mean, I'm really struggling trying to keep up as I read like a turtle and my eye's are killing me..

Quote
MY today for monday and tuesday is 275 pips.
LOL i had to get few more trucks recently.
oh man, your a freak!!

Quote
I didnt trade from wednesday. I was very busy with something and still very very busy.
Hopefully on monday i will start trading again if i finish with my project.
Must be a great project to get you away from your trucks of Pip Gold..

Quote
Im busy training my eyes more and more.
Oh man, I will be so happy when I can get to understanding and reading the chart like you do..
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