Another simple system - Time-Frame 15 | Page 592 | Forex Factory

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Another simple system - Time-Frame 15

  • #11,821
  • Oct 30, 2012 5:40pm Oct 30, 2012 5:40pm
Quoting Davit
Closed all my 4 shorts at 1036 +25pips Nothing big but still profitable trade.
You short 4times (You add to your position each time the price go up).
Hopefully that won't create a "Greedy Mindset" in your trades.
Could be a VERY dangerous if it tunes to "Habit"!
Been there, done that!!!!
Be good.
"Everyone wants to go to Heaven, but no one wants to die."
  • #11,822
  • Oct 30, 2012 5:59pm Oct 30, 2012 5:59pm
Quoting sashadeol
Again brothers, in quest to learn, seek opinion ....

I know this is Asian session, but want to understand, would one consider this a good short situation ?

If this scenario was at LO .... Does one wait for price to close below 200 EMA on M15 ? or take this entry for short ?

http://clip2net.com/clip/m146154/135...-clip-98kb.png
I don't think that's how the top forms.
  • #11,823
  • Oct 30, 2012 6:00pm Oct 30, 2012 6:00pm
Quoting Ramjet
Hi ya Emmanuel7788..

Sorry, I'm have a blank moment ..just on your charts your pointing out think Fibo and 10ema..
are you saying as the price makes a new high put up the fibs and use a retrace back to the 50% area for a protective stop also a bounce off the 10ema as a stop area??..

Cheers,
Adrian

Hi,

In this instance, I am referring to entry possibility when price pullback.
The way I do it is I look at every 4 hour period using the M15 candles.
For each H4, Low to High in this GU example, I look for the retracement and see the M15 PA if I can jump into the 'trend' using fib-r of 38% and 50%.
Note: BO are usually strong moves and once it takes off, catching it may not come easy. As traders, we need a huge arsenal of different setups which we can use as the opportunity present itself.

Managing trade exits using % is another matter and I will discuss this at another opportunity.

will be back in few hours. Wait till Tokyo finish their sushi time...GMT0500
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,824
  • Oct 30, 2012 6:02pm Oct 30, 2012 6:02pm
Thanks Bro. I hope you are safe in NYC, my office is on Park south in Manhattan, and they are closed without power.....

be safe and God bless.

Quoting pkimnyc
I don't think that's how the top forms.
If you want your dreams to come true, you better wake up !!!
  • #11,825
  • Oct 30, 2012 6:03pm Oct 30, 2012 6:03pm
Quoting sashadeol
Thanks Bro. I hope you are safe in NYC, my office is on Park south in Manhattan, and they are closed without power.....

be safe and God bless.
Good to see that you got connection and power.
  • #11,826
  • Oct 30, 2012 6:04pm Oct 30, 2012 6:04pm
Quoting sashadeol
Again brothers, in quest to learn, seek opinion ....

I know this is Asian session, but want to understand, would one consider this a good short situation ?

If this scenario was at LO .... Does one wait for price to close below 200 EMA on M15 ? or take this entry for short ?

http://clip2net.com/clip/m146154/135...-clip-98kb.png
It doesn't look right with original rule which would be trading only away from 200 ema. Sorry if missing additional method. ?
  • #11,827
  • Oct 30, 2012 6:06pm Oct 30, 2012 6:06pm
Quoting emmanuel7788
Hi,

In this instance, I am referring to entry possibility when price pullback.
The way I do it is I look at every 4 hour period using the M15 candles.
For each H4, Low to High in this GU example, I look for the retracement and see the M15 PA if I can jump into the 'trend' using fib-r of 38% and 50%.
Note: BO are usually strong moves and once it takes off, catching it may not come easy. As traders, we need a huge arsenal of different setups which we can use as the opportunity present itself.

Managing trade exits using % is another matter...
Great!..thanks for explaining
  • #11,828
  • Edited 6:55pm Oct 30, 2012 6:30pm | Edited 6:55pm
Quoting ejiexe
This is an example of arjun candle that works most of the time but we have to note where it occurs.

How many will take that trade and why?
How many people won't take the trade and why?
Thanks for bringing this UP ejixe...

No one knows for certain what will happen to the price at that point...I'm not saying the price will GO UP or GO DOWN....what im saying is, its not SAFE to enter LONG there coz there is 800ema....

Folks....always do your math like this...where is the best place to ENTER..this is the most important thing.

we want the safest..this word should sink in your MIND.This is why most of the folks lose money in forex...without knowing what to do when, and when to do what...

Look at the Red arrows for wrong LONG ENTRIEs our SL would have been taken out...

Look at the PINK arrows for same LONG ENTRIES with TIGHT SL and winning trade...

Why do we risk money by entering LONG right below the 800ema...

Does it click anything brothers....?????
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 73 KB
Let all the living things live blissfully
  • #11,829
  • Edited 8:07pm Oct 30, 2012 6:33pm | Edited 8:07pm
Quoting Davit
Hi guys I like to introduce to you who I am just makes things more on human level.
I am originally from Iran but grew up in Armenia and I am an Armenian presently live in Boston,married,2boys 16 and 13
I am self taught artist mostly.My web site is http://sahakianart.com/index.html
My wife is also an artist.Anyway I had a rough life overcame many obstacles however never overcame money issues and being an artist does not make it easier.
Naturally I gravitated to trading.I opened live account and promptly lost 50% of my account in 4...
Very Interesting stuff mate...i will post somthing about Mental Attraction.very soon...i have been like this right from my childhood..lol

Good that you closed it for 25 pips...happy for you.

Your website is awesome.very nice paintings.must see everyone..
Let all the living things live blissfully
  • #11,830
  • Oct 30, 2012 10:00pm Oct 30, 2012 10:00pm
Quoting jmag
It doesn't look right with original rule which would be trading only away from 200 ema. Sorry if missing additional method. ?

it is 5 hours since Tokyo open...

zoom out on your M15 and do you see Support and Resistance?

all moving averages will follow the price, ... not the other way around.

that is why they are called MOVING average.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,831
  • Oct 30, 2012 10:53pm Oct 30, 2012 10:53pm
hi folks,

can some one help me check my chart??

this is 4H chart on my platform...any different with yours???

please help me have a look... thk u

blue - 10ema
green - 50ema
pink - 200 ema
white - 800ema
Attached Image (click to enlarge)
Click to Enlarge Name: ting.gif Size: 23 KB
  • #11,832
  • Oct 30, 2012 11:27pm Oct 30, 2012 11:27pm
Quoting Davit
Hi guys I like to introduce to you who I am just makes things more on human level.
I am originally from Iran but grew up in Armenia and I am an Armenian presently live in Boston,married,2boys 16 and 13
I am self taught artist mostly.My web site is http://sahakianart.com/index.html
My wife is also an artist.Anyway I had a rough life overcame many obstacles however never overcame money issues and being an artist does not make it easier.
Naturally I gravitated to trading.I opened live account and promptly lost 50% of my account in 4 months.Lots...
These are some interesting facts.
Im also glad that you revovered your money in the market.
well done brother and keep it up
X-man the legendary conqueror of markets
  • #11,833
  • Oct 30, 2012 11:41pm Oct 30, 2012 11:41pm
Quoting sashadeol
Again brothers, in quest to learn, seek opinion ....

I know this is Asian session, but want to understand, would one consider this a good short situation ?

If this scenario was at LO .... Does one wait for price to close below 200 EMA on M15 ? or take this entry for short ?

http://clip2net.com/clip/m146154/135...-clip-98kb.png
Brother if you do CT trade try to move SL to BE very very soon as these are risky trades.
When i trade away from the 200ema then i move my trade to BE after 10 pips or so.
X-man the legendary conqueror of markets
  • #11,834
  • Oct 30, 2012 11:46pm Oct 30, 2012 11:46pm
Welcome home brother x-man.....missing my brother Girbil....though dont know where he is probably banks are searching for him...lol
Let all the living things live blissfully
  • #11,835
  • Oct 30, 2012 11:55pm Oct 30, 2012 11:55pm
Quoting lowweiting
hi folks,

can some one help me check my chart??

this is 4H chart on my platform...any different with yours???

please help me have a look... thk u

blue - 10ema
green - 50ema
pink - 200 ema
white - 800ema
Hi,

the only 2 differences I see when compared with yours:

1) my broker server time is GMT0000, your is something else.
2) my white background is much nicer and easier on my eyes, that makes me want to look at my chart more often. LOL.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: lowweiting h4.png Size: 25 KB
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,836
  • Oct 31, 2012 12:00am Oct 31, 2012 12:00am
looking at EJ M15...
this when I will stay out of this market type....
until I see more 'daylight'
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,837
  • Oct 31, 2012 12:00am Oct 31, 2012 12:00am
Hello to Everyone,

It's really hard to get the pace of this thread... i was away during last some day's since last night i was trying to study all those missed pages, but still i m some posts behind. But it is good to see that this thread has a lot of good traders and thread always keep on moving.
  • #11,838
  • Oct 31, 2012 12:05am Oct 31, 2012 12:05am
LO has been dead rubber so far
  • #11,839
  • Oct 31, 2012 12:07am Oct 31, 2012 12:07am
Quoting thestriver
LO has been dead rubber so far

you are one hour too early for LO...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,840
  • Oct 31, 2012 12:10am Oct 31, 2012 12:10am
Quoting thestriver
LO has been dead rubber so far
They heard me...just woke up to go down
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