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Another simple system - Time-Frame 15

  • #11,581
  • Oct 29, 2012 7:20am Oct 29, 2012 7:20am
Quoting Xhale12
For SURE? I'd risk 100%
Hi L E 1

at the first place if one is sure of getting 5 pips, there is no risk in taking it. Rather one may go for a bigger trade to grab it better.

There is no guarantee that the PA will move in the desired direction even upto the extent of 5 pips, how can we say that we are sure about 5 pips.

On the other side, we with the system followed properly can have a justification of getting 5 pips.

My view

fxmyluv
  • #11,582
  • Oct 29, 2012 7:23am Oct 29, 2012 7:23am
Now whoever changed the their risk to whatever amount....Not a good idea...you are not sitcking to your plan.Nothing is 100% sure...Plz dont think i can be 100% sure....then i will be richest man on this earth...

I ask these type of questions to trigger your inner energy.thats all...always stick to ONE and MASTER IT....whatever it might be...
I will continue posting about psychology....
Let all the living things live blissfully
  • #11,583
  • Oct 29, 2012 7:25am Oct 29, 2012 7:25am
Keep an eye on AU. These bounces are getting smaller and smaller.
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What is any ocean but a multitude of drops?
  • #11,584
  • Oct 29, 2012 7:26am Oct 29, 2012 7:26am
Meter %'s show strongestand weakest.. Kind of like a psychiatrist, tells you whatyou already know.
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  • #11,585
  • Oct 29, 2012 7:32am Oct 29, 2012 7:32am
Quoting X-Man
What do you guys think of this?
was albert einstein right?

Anyone dissagree?
LOL it has arrived
Let all the living things live blissfully
  • #11,586
  • Oct 29, 2012 7:32am Oct 29, 2012 7:32am
Quoting WinwinFx
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
I think the 5 pips are take home pips irrespective of various types of spreads.
  • #11,587
  • Oct 29, 2012 7:38am Oct 29, 2012 7:38am
Quoting X-Man
What do you guys think of this?
was albert einstein right?

Anyone dissagree?
it's a moment of awkwardness when i kind of see myself in those pics lol
  • #11,588
  • Oct 29, 2012 7:40am Oct 29, 2012 7:40am
Quoting emmanuel7788
You have led us to this level.
Now you raise the level to much higher.
Thank you, you are a great teacher.
Now you open up yet another door for us to enter.
We shall all enter and explore your Amygdala.

Shalom,
Im sure you are going to love what Im going to disucss in the coming posts....stay tuned...everyone...The reason i started this thread is about to come out from deep within...


Note:
Only if we are disciplined i can guarantee you 100% you will be successful in forex....
Let all the living things live blissfully
  • #11,589
  • Oct 29, 2012 7:50am Oct 29, 2012 7:50am
Brother Emmanuel
A few questions from a newbie :

1. Did you post the Triple screen per your message below?

2. Also, what effect does the DST have on our trading? Does london now open an hour earlier? Any direction you can give a newbie here. Thanks.

3. Are their particular color scheme that you recommend that are easy on our eyes and do not strain us for staring at screens for long time?

For homework, here is my chart, please give me reply if this is correct or I need to change anything. Thanks.

http://clip2net.com/clip/m146154/135...-clip-92kb.png


Quoting emmanuel7788
Good work zander.

I hope many more have done the Weekend Homework.

For those newbies who have not done so, please make try find time and make effort to do so. See the attached chart below (posted again).

10 to 20 pips per trade will be a piece of cake once you have done this simple chart exercise and train your eyes. You need to do this exercise over the next 3 days in live market conditions.

My next post will be on how you can use this "Triple Screen" and make that 10 ~ 20pips per trade. If you don't train your eyes, you won't be able...
If you want your dreams to come true, you better wake up !!!
  • #11,590
  • Oct 29, 2012 7:52am Oct 29, 2012 7:52am
2% risk per trade.

Nothing is for "sure" in this world.


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
If you want your dreams to come true, you better wake up !!!
  • #11,591
  • Edited 8:10am Oct 29, 2012 7:53am | Edited 8:10am
Dear, how do you mark these colors on your chart, that show support and resistance. I cant figure out in my MT4. I can only mark lines, but not areas. Is this some indi? thx for your help.


Quoting 99problems
have a look.

H4 and my areas of interest. the white area was where i wanted to enter a trade last week. told myself that i won't do anything and just watch
(as an exercise of discipline, i know laugh at me lol )

from there i wanted to watch price closely and learn how to adjust my SL...
(people posted it in the forum but it's something different when you do it on your own)

Attachment
If you want your dreams to come true, you better wake up !!!
  • #11,592
  • Oct 29, 2012 7:58am Oct 29, 2012 7:58am
Thanks brother, seems like same scenario on EURUSD also.

http://clip2net.com/clip/m146154/135...-clip-60kb.png


Does this mean, it will break the 200 EMA on Daily and H4?
I see it closed below 200 EMA on H4.

http://clip2net.com/clip/m146154/135...-clip-24kb.png

Quoting Xhale12
Keep an eye on AU. These bounces are getting smaller and smaller.
If you want your dreams to come true, you better wake up !!!
  • #11,593
  • Oct 29, 2012 8:02am Oct 29, 2012 8:02am
Quoting sashadeol
Thanks brother, seems like same scenario on EURUSD also.

http://clip2net.com/clip/m146154/135...-clip-60kb.png


Does this mean, it will break the 200 EMA on Daily and H4?
I see it closed below 200 EMA on H4.

http://clip2net.com/clip/m146154/135...-clip-24kb.png
Brother seshadeol....Just draw lines like this for visual confirmation of the price on the chart...they help to identify the overall price...
Let all the living things live blissfully
  • #11,594
  • Oct 29, 2012 8:06am Oct 29, 2012 8:06am
Quoting sashadeol
Brother, how do you mark these colors on your chart, that show support and resistance. I cant figure out in my MT4. I can only mark lines, but not areas. Is this some indi? thx for your help.
mate,
click INSERT --> SHAPES and choose whatever you like

peace and love
steph
  • #11,595
  • Oct 29, 2012 8:07am Oct 29, 2012 8:07am
I still manage to grab another 22 pips on GU.

Thanks to you all.
Attached Image (click to enlarge)
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #11,596
  • Oct 29, 2012 8:09am Oct 29, 2012 8:09am
Haha, 100% right.

Quoting X-Man
What do you guys think of this?
was albert einstein right?

Anyone dissagree?
If you want your dreams to come true, you better wake up !!!
  • #11,597
  • Oct 29, 2012 8:11am Oct 29, 2012 8:11am
Where I can find indicator that shows MA's from all timeframes on 1 chart? I see that many of you using this one, but i can't find where to download it.

Thank's a lot.
  • #11,598
  • Oct 29, 2012 8:12am Oct 29, 2012 8:12am
Its called SimpleEMA search the attachments, its there!
  • #11,599
  • Oct 29, 2012 8:14am Oct 29, 2012 8:14am
Quoting loveevery1
Im sure you are going to love what Im going to disucss in the coming posts....stay tuned...everyone...The reason i started this thread is about to come out from deep within...
I am eyes and ears...
  • #11,600
  • Oct 29, 2012 8:15am Oct 29, 2012 8:15am
Quoting Hawki trader
Its called SimpleEMA search the attachments, its there!
Thank you !!!
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