Another simple system - Time-Frame 15 | Page 579 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Multi time frame Simple MACD system 824 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Another simple system - Time-Frame 15
Exit Attachments

Another simple system - Time-Frame 15

  • #11,561
  • Oct 29, 2012 5:34am Oct 29, 2012 5:34am
What do you guys think of this?
was albert einstein right?

Anyone dissagree?
Attached File(s)
File Type: pdf The day has arrived.pdf   342 KB | 2,007 downloads
X-man the legendary conqueror of markets
  • #11,562
  • Edited 7:03am Oct 29, 2012 5:36am | Edited 7:03am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
hi all，

It all depend on how wide of a spread you are paying.

For example your spread on EJ is 3 pips. Then when it hit your 5 pip PT. You are left with 2 pip profit. Thus, if it is a repeatitive, you will have a negative Risk/Reward.(presuming a 5pip SL)

Thus, I will not place this bet base on the above.

Just my 2 pips worth.

Happy trading!!!

Win win
  • #11,563
  • Oct 29, 2012 5:43am Oct 29, 2012 5:43am
EJ H4... H&S break with target around fibo61.....no guarantee LOL!


Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4.png Size: 33 KB
I never lose - either I win or I learn...
  • #11,564
  • Oct 29, 2012 5:47am Oct 29, 2012 5:47am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
first, I would borrow money from you, and risk it all,
seriously, not more than 5%
If you're going through hell, keep going. Winston Churchill
  • #11,565
  • Oct 29, 2012 5:53am Oct 29, 2012 5:53am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
----
hello arjun,
i would stick to my MM rules.in 95% of every trade you can get 5 pips! i would stay disciplined and focus on my consistancy....follow my proven systhem!

this is how i think, but it is impotant how i act...
for me personaly, this is the hardest part in forex_this is the differece between experienced or pro traders and a newbie like me.


greetings
  • #11,566
  • Oct 29, 2012 5:58am Oct 29, 2012 5:58am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
It's funny Im still thinking for an answer.
  • #11,567
  • Oct 29, 2012 6:04am Oct 29, 2012 6:04am
In the meanwhile, after LO start today, made 15 pips. Again, just risked 6%
Have been demo'g this strategy for a month now with consistent results. Will most probably start with real account from next week.
Have a good one
  • #11,568
  • Oct 29, 2012 6:07am Oct 29, 2012 6:07am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
Capital preservation is key if this is treated as a business. So each trade as per agreed risk tolerance. The parameters vary only depending on where SL is placed and further on as the trade develops.

There is always another trade to be made, we first need to survive to make that!

Ankur
  • #11,569
  • Oct 29, 2012 6:09am Oct 29, 2012 6:09am
Quoting X-Man
What do you guys think of this?
was albert einstein right?

Anyone dissagree?
How can I disagree when I am one of them....
  • #11,570
  • Oct 29, 2012 6:11am Oct 29, 2012 6:11am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this

This is a psychological question. I think most traders would go ALL-IN, because greed takes control of their minds. They don`t stick to their strategy anymore...
If I was in a situation like this......I don´t know the answer.

Just my 2 cent
  • #11,571
  • Oct 29, 2012 6:25am Oct 29, 2012 6:25am
ej short off of Big number and break of 10 ema
Attached Image (click to enlarge)
Click to Enlarge Name: ej_short.png Size: 74 KB
  • #11,572
  • Oct 29, 2012 6:35am Oct 29, 2012 6:35am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
I (would) stick to my strategy to risk no more then 2% of my balance... no matter how much I might win on any single trade...unfortunately nothing is sure on trading!
I never lose - either I win or I learn...
  • #11,573
  • Oct 29, 2012 6:35am Oct 29, 2012 6:35am
Quoting rotunda
ej short off of Big number and break of 10 ema
==================

Rotunda, what is the significance of the cluster-indicator to the extreme left on your chart? I see that percentages are being printed.

Thanks for replying.
Hercs
  • #11,574
  • Oct 29, 2012 7:06am Oct 29, 2012 7:06am
Quoting emmanuel7788
Nothing.
I love this answer...
Let all the living things live blissfully
  • #11,575
  • Oct 29, 2012 7:06am Oct 29, 2012 7:06am
Quoting X-Man
What do you guys think of this?
was albert einstein right?

Anyone dissagree?
I had an acting coach a few years ago who on the first day of class took everyone's cell phone, and placed them in a bucket. She then preceded to talk about the perils of cell phones, how they take us out of the "NOW", and keep us from living life to the fullest. She then asked if anyone disagreed.... no one did. She then walked out of the room, came back in with a big jug of water, and filled up the bucket with everyone's phones. Some girl went ballistic and never came to the class again lol, but I will always be in debt to that teacher. I never replaced my cell. It's quite liberating without one.

I go to concerts quite a bit and nowadays there are more people taking pictures, filming, etc. with their phones than there are people actually listening to the music. We have become more concerned with "capturing" moments than experiencing them.
What is any ocean but a multitude of drops?
  • #11,576
  • Oct 29, 2012 7:07am Oct 29, 2012 7:07am
Quoting wonderwoman
Hello Xhale,

Even if todays trade was guaranteed 100%, you would gradually over time want more and more from he same trade fuelling more and more greed, until eventually it WILL bite back at you one way or another.

Take Care

ww x
Very wisee words WW....
Let all the living things live blissfully
  • #11,577
  • Oct 29, 2012 7:07am Oct 29, 2012 7:07am
Quoting wonderwoman
My brother, I love your psychological posts, they provoke much deeper thought.
I believe nothing in life can ever be 100%, as to believe this can and most possibly will lead to your own downfall, and will ultimately be the architect of your own failure. In my opinion be confident in your own ability and trading style, but always strive to improve. Whether your success rate is 100%, 50% or 30% always have a sustainable plan as today's 100% winner can be tomorrows 100% looses.
So my answer to the question would still be to risk no more than 5% of...
very wise words again...You guys know how to read my MIND
Let all the living things live blissfully
  • #11,578
  • Oct 29, 2012 7:18am Oct 29, 2012 7:18am
Quoting emmanuel7788
133 viewing plus Invisible ...
and ...
this person risk being seen..

he must be hiding his Stop Loss when trading.
brother Emmanuel....

But how come im visible brother...i was sleeping when this post was made...any idea..my computer was shut...
Let all the living things live blissfully
  • #11,579
  • Oct 29, 2012 7:19am Oct 29, 2012 7:19am
Quoting stevepatt
You can never be guaranteed to make 5 pips but if you enter at the optimum level you put the odds greatly in your favour to make 5 pips and so you will be risking NOTHING.

You just need to know every time you enter a trade that you are at that level, that's the difficult part. LOL
hahaha...again wise words...
Let all the living things live blissfully
  • #11,580
  • Oct 29, 2012 7:19am Oct 29, 2012 7:19am
Quoting wonderwoman
My dear brother Argun,

Can I ask, what was the answer to this question? I may well be going blind or you just forgot to post the answer but I cannot find your answer anywhere and I want to add this chart to my study material

Take Care

ww x
I will answer...this in a while...
Let all the living things live blissfully
12 traders viewing now