Another simple system - Time-Frame 15 | Page 610 | Forex Factory

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Another simple system - Time-Frame 15

  • #12,181
  • Nov 1, 2012 6:01am Nov 1, 2012 6:01am
Quoting ForexNerds
I have borrowed your image, hope you don't mind... Trade well!
Yes thanks for that ForexNerds. I just wanted to confirm if the trigger candle is the first reversal candle. Cheers
  • #12,182
  • Nov 1, 2012 6:04am Nov 1, 2012 6:04am
Quoting orko_555
And here is EU for +25 pips with target on S1
Sl again small - 8 pips

Love all

Roman
Now that is a lovely entry short. this is the perfect area
small SL with Huge Gains
X-man the legendary conqueror of markets
  • #12,183
  • Nov 1, 2012 6:06am Nov 1, 2012 6:06am
Quoting loveevery1
Newbies plz read the entire thread.there is no substitute for that...remember this...and the biggest secrets are always the simplest...
This cannot be stressed more on how important reading the entire thread is.
X-man the legendary conqueror of markets
  • #12,184
  • Nov 1, 2012 6:10am Nov 1, 2012 6:10am
Quoting deotoknow
gbp/usd a retest on the 15 min chart trading away from 200ema 50ema and 10ema 16pipsAttachment
------

hi deotoknow,

i took the exactly the same trade

break yesterday high and RN, than retest! candle was exctly at RN
away from 200 EMA.

SL 12 (BE after 12)
TP +20


greetings
Attached Image (click to enlarge)
Click to Enlarge Name: Reentry.png Size: 69 KB
  • #12,185
  • Edited 6:45am Nov 1, 2012 6:10am | Edited 6:45am
Quoting aryary
Yes thanks for that ForexNerds. I just wanted to confirm if the trigger candle is the first reversal candle. Cheers
Not always my friend... In this case, this is the trigger candle because of the following facts:

1) Strong Uptrend,
2) Fib 50% Retracement of the last move up)
3) Strong close above EMA 10.
4) RN Bounce

For instance, if you would be in a down-trend and would see this candle forming, I wouldn't take long right away - as Emmanuel7788 teaches us, we should wait for the 3-candle reversal setups if we plan to grab a reversal trade. Further, this kind of trade must be confirmed with other confluence factors - Strong resistance just bellow, Bounce of Significant EMA's, etc. Again it depends where it happens - train your eyes.
  • #12,186
  • Nov 1, 2012 6:11am Nov 1, 2012 6:11am
Quoting Olafff
Hi everyone!

This stuff is great! Soo much knowledge contained on those pages. I am reading from the beggining and if you keep going at the current speed I wont be able to catch up ;p

Did someone thought about writing a book about it?

I believe that the following weekend I will spend on backtesting this baby

Happy pips everyone! I will join you soon in this pip collection.

O.
Do 100pages a time.
do the first 100 then study it.
do the second 100 then study it.
and so on .

you must absorb it all.
slowly but surely.
when you half way though the thread you will know most of it
X-man the legendary conqueror of markets
  • #12,187
  • Nov 1, 2012 6:15am Nov 1, 2012 6:15am
Quoting shum
hi to all, what you think about this formation? I just enter sell.
hey there bro thats a good place for short
we just have to be there to take it.
that went for nice 15pips
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 31 KB
X-man the legendary conqueror of markets
  • #12,188
  • Nov 1, 2012 6:16am Nov 1, 2012 6:16am
Quoting ejiexe
The greatest sin one can commit with this strategy is to allow more than 12 pips to go to negative. It is a greatest sin. Remember we are not looking for more than 10-15 pips.

We are scalpers who has a hedge to also let the trade run. Know when to "grab and run" and know when to "let trade run."

I met my daily goals twice but greeeeeeeeeeeeeeeeeeed has cut down my profit. I am in Positive though but we should not allow greed to set in once we are making pips. This is the psychology part of the trading. I move TP twice today and that is where...
Hi EJI,

I can feel your frustration. I felt the same many times (and unfortunately, still feel sometimes when I lose my head). What the greed cure would be? For me does work very well sticking to the system and taking profit partially. When it seems the price have more room to develop i let the second half to run. This is a sword with cuting 2 edges, but at least you have banked half of profit, and the second half will run toward BE or bigger profit. On the other hand, if you have enough time to keep the trade under observation, you can try re-entries in those spots where market invite you, with one condition: all cumulated position to be at BE (the potential loss for the second to be covered by the gain from the first).

Take care!
  • #12,189
  • Nov 1, 2012 6:17am Nov 1, 2012 6:17am
Quoting 99problems
hi phun deck,

i hope you are well. the answer to this is in the thread


[b]1) I open the MT4..

2) Go to daily see where the price is in relation to
10ema/200ema..............(3 minutes)

3) Go to 4 hours see where the price is in relation to
10/200/800ema..............(5 minutes)

4) By now.you should if you are going to short or long
today .................... (3 seconds)

5) Now go to 15min..wait there patiently for the
setup. Sometimes im very impatient..

6) Watch the price....in relation to 10/200/800emas....

7) Cook the trade and take...
Thx, mate. Appreciate. I've made a simple checklist table in excel.

Love, Ciara
Attached File(s)
File Type: xlsx gFX1.xlsx   14 KB | 639 downloads
Ideas shape the course of history
  • #12,190
  • Nov 1, 2012 6:21am Nov 1, 2012 6:21am
Quoting Ciara
Thx, mate. Appreciate. I've made a simple checklist table in excel.

Love, Ciara
To do list:

1) wake up & brush ur teeth
2) make coffee/tea
3) switch on MT4
4) fill the table
5) wait for proper setups
6) trade accordingly

Ciara
Ideas shape the course of history
  • #12,191
  • Nov 1, 2012 6:22am Nov 1, 2012 6:22am
Quoting ForexNerds

I don't want to gamble, I would like to trade and be good at it. For that, I need to study and learn thoroughly from traders that have many years of experience and are kind and helpful enough (god bless them) to share their knowledge with us for free. I hope you can hear my prayers and appreciation!
Well said! The more I read and stick to this thread, the less I allow myself to gamble!
  • #12,192
  • Nov 1, 2012 6:36am Nov 1, 2012 6:36am
The only trade, I took today..missed the early slump for reading the thread overnite . ANd simplified my template too (got rid of black scary background)..



10 pips stop is not a lot..but thats all im ready to risk before NYO.

Trade smart,

love, Ciara
Attached Image (click to enlarge)
Click to Enlarge Name: 20121101gu1.jpg Size: 105 KB
Ideas shape the course of history
  • #12,193
  • Nov 1, 2012 6:38am Nov 1, 2012 6:38am
Quoting Ciara
Thx, mate. Appreciate. I've made a simple checklist table in excel.

Love, Ciara
Good work! Thanks for the checklist!
To me works very well this kind of a remainder (see the attached picture). So I can't forget what to check!
Attached Image
  • #12,194
  • Nov 1, 2012 6:39am Nov 1, 2012 6:39am
Quoting ejiexe
The greatest sin one can commit with this strategy is to allow more than 12 pips to go to negative. It is a greatest sin. Remember we are not looking for more than 10-15 pips.

We are scalpers who has a hedge to also let the trade run. Know when to "grab and run" and know when to "let trade run."

I met my daily goals twice but greeeeeeeeeeeeeeeeeeed has cut down my profit. I am in Positive though but we should not allow greed to set in once we are making pips. This is the psychology part of the trading. I move TP twice today and that is where...
we should all learn from this .
Watch the greed guys.
Always have discipline.

And yes we should not allow oursleve to lose more than 12 pips from a single trade.
SLs must be tight.
this is what arjun tells us all the time
X-man the legendary conqueror of markets
  • #12,195
  • Edited 6:56am Nov 1, 2012 6:52am | Edited 6:56am
Hi,

I closed manually my last trades I have posted here (http://www.forexfactory.com/showthre...00#post6137500), except USDCHF which hit SL.
I post now 2 trades:

1. GU H4,
I had consevative approach, setting my TP to the middle of the rising price channel and the proximity of the high of 26 Oct. The EMAs indicated long bullish TDI cross. TP of 53 pips hit.

2. GJ H4
There was a bullish, steep TDI cross when price bounced off the support zone and closed above EMA(10). The EMA(200) and the price channels also indicated long.
It is interesting to notice that the price was stalling a bit at 38.2% fib level after the long white candle and then crossed celarly above 50% Fib level, there was anoether but weaker period at about 61.8% Fib level.
My first TP was set above Fib 50% and below RN 128.500, the second TP was set just below the recent high and the last portion is still running wit TP set just below Fib 100% and SL set just below RN 129.000. TP1 was 35 pips, TP2 125 pips.

With these trades I finished the week.
take care,
thrax
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_H4_strategy name_20121101131341.gif Size: 28 KB
Click to Enlarge Name: GBPJPY_H4_strategy name_20121101131658.gif Size: 28 KB
  • #12,196
  • Nov 1, 2012 6:59am Nov 1, 2012 6:59am
FOR PINUX76

Sorry guys this is for pinux76, could not send it through private message....

Roman
Attached File(s)
File Type: docx Hello pinux76.docx   615 KB | 615 downloads
  • #12,197
  • Nov 1, 2012 7:09am Nov 1, 2012 7:09am
Quoting orko_555
FOR PINUX76

Sorry guys this is for pinux76, could not send it through private message....

Roman
thanks i'll study well a lot of info and detail very very thanks
  • #12,198
  • Edited Nov 2, 2012 2:06am Nov 1, 2012 7:14am | Edited Nov 2, 2012 2:06am
First of all, I respect everyone on this forum.
The only way to make money from forex is to buy low and sell high.
Playing with the EMA-s, is a waste of time. But we all have to go through this process to understand some things.

http://i50.tinypic.com/2qsx5x5.gif

http://i45.tinypic.com/6f2pep.gif
  • #12,199
  • Nov 1, 2012 7:21am Nov 1, 2012 7:21am
Quoting pinux76
thanks i'll study well a lot of info and detail very very thanks

You are welcome Brother, if you have any questions just ask!!!

Regards,

Roman
  • #12,200
  • Nov 1, 2012 7:26am Nov 1, 2012 7:26am
Hi All,

A quick take on the chart as shown. let see how it goes.

winwin
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.png Size: 27 KB
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