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Another simple system - Time-Frame 15

  • #13,021
  • Nov 6, 2012 8:16am Nov 6, 2012 8:16am
Sorry for my postings .... wanting to learn from everyone here....

Update on my analysis :

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


Quoting sashadeol
Just to add...

Help me figure out this riddle.... sorry if I am bothering too much ..... Just sitting doing analysis.....

Thanks for your help .....

http://clip2net.com/clip/m146154/135...-clip-57kb.png
If you want your dreams to come true, you better wake up !!!
  • #13,022
  • Nov 6, 2012 8:26am Nov 6, 2012 8:26am
Quoting zander2034
i am at college most of the day so i am starting to get up early before i start to have several hours of screen time.

i have only taken 1 trade today and thats me done as i have to go

E/U +21

reason for trade was rejection of 10 ema on 4 hr chart and this was confirmed on 15 min by long wick candle (not sure if it would be classed as an arjun candle?)

cheers and good luck for today

zander

had an early day at college back out to work later on, earlier i said i only had taken the 1 trade but after i posted it i couldnt resist the setups i seen

usd/cad +19 dont usually trade this pair but thanks steph for mentioning it

g/u +3

I made a huge mistake and forgot to setup a sl and tp for g/u hence why the trade didnt close and i had to close it manually just now. purely down to human error, need to focus more

+21+3+19=+43 for today

zander
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dd.gif Size: 92 KB
Click to Enlarge Name: cc.gif Size: 91 KB
  • #13,023
  • Nov 6, 2012 8:35am Nov 6, 2012 8:35am
http://clip2net.com/clip/m146154/135...-clip-56kb.png
If you want your dreams to come true, you better wake up !!!
  • #13,024
  • Nov 6, 2012 8:42am Nov 6, 2012 8:42am
Quoting loveevery1

...and there is no one playing today...thats why the price hardly moved......there is no movement bro....the whole range is 30-50 pips on all other pairs...dont force a trade mate....come tomorrow...

Itīs election time in the U.S. today..
  • #13,025
  • Nov 6, 2012 9:02am Nov 6, 2012 9:02am
This is how I see fellow traders x-man, pip26, gibril, imi, emmanuel, ciara....

flying and bagging pips.... lol

http://multiplayerblog.mtv.com//wp-c...smb2_coins.jpg
If you want your dreams to come true, you better wake up !!!
  • #13,026
  • Nov 6, 2012 10:16am Nov 6, 2012 10:16am
Quoting zander2034
had an early day at college back out to work later on, earlier i said i only had taken the 1 trade but after i posted it i couldnt resist the setups i seen

usd/cad +19 dont usually trade this pair but thanks steph for mentioning it

g/u +3

I made a huge mistake and forgot to setup a sl and tp for g/u hence why the trade didnt close and i had to close it manually just now. purely down to human error, need to focus more

+21+3+19=+43 for today

zander

If I may ask Zander. How many pips is your stop on that UCAD? Or to be precise, where is your stop loss level?

Thanks for your response as I am learning to make pips consistently
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,027
  • Nov 6, 2012 10:24am Nov 6, 2012 10:24am
Quoting ejiexe
If I may ask Zander. How many pips is your stop on that UCAD? Or to be precise, where is your stop loss level?

Thanks for your response as I am learning to make pips consistently
on the u/cad i set my stop just above the 200 ema level incase it reached and then bounced off that level. the sl was 0.9960 which was 11 pips stop loss

zander
  • #13,028
  • Nov 6, 2012 10:25am Nov 6, 2012 10:25am
Quoting Davit
good morning all.Slept 4hrs and back in the game.
Please experienced traders check this out.I have circles what I am trying to hint.Chart is Arjun's but notice on 4hr how price respect the TL? Once PA hits 84 top of TL we can short it going towards 200EMA ,CT at least to median line which is 8338 which could net 60-70pips based on this simple observation.
What you think?
Nice trendline you got there.

Just becare with AUD related pair bcos cash rate was increased earier today.

If you check Weekly and daily chart on AJ, the price is fully at the back of the carrier (10ema). Let price lead the way.

Let keep it simple. I think the most useful indicator I have since so far is the LOGIC, ANALYTICAL MIND AND PATIENCE as brother gibril says. Most trader has the logic and even the analytical mind but few traders are PATIENT.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,029
  • Nov 6, 2012 10:30am Nov 6, 2012 10:30am
Quoting ejiexe
Nice trendline you got there.

Just becare with AUD related pair bcos cash rate was increased earier today.

If you check Weekly and daily chart on AJ, the price is fully at the back of the carrier (10ema). Let price lead the way.

Let keep it simple. I think the most useful indicator I have since so far is the LOGIC, ANALYTICAL MIND AND PATIENCE as brother gibril says. Most trader has the logic and even the analytical mind but few traders are PATIENT.
I don't want to complicate.Just another view of the system.One can exploit the system to fullest by combining concepts that fall within the system.
Check AU.I am short as you can see.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 27 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,030
  • Nov 6, 2012 10:38am Nov 6, 2012 10:38am
Quoting zander2034
on the u/cad i set my stop just above the 200 ema level incase it reached and then bounced off that level. the sl was 0.9960 which was 11 pips stop loss

zander
Thank for the reply. Good spot for the sl.

We should alway remember to use STOP LOSS. I think it is only few people that can use mental stop loss. Let set it as soon as we enter trade if we cannot set it as at the time of entry.

My bad experience earlier today happen when the news came out.
I was on trade short on AUDNZD with the hope to close before I go to bed but shortly before then my internet connect went off. I answer the call of nature with my laptop as my pillow hoping the platform alarm will wake me up but unfortunately, I work up 30min later after the news release and imagine what happen? If i did'nt loss the internet connection i would still have a lossing trade but it won't be so much bcos I have notice the news already and i know what damage it can do.

PLEASE ALWAY HAVE STOP AS SOON AS POSSIBLE. INTERNET CONNECTION MAY FAIL US JUST LIKE A STRATEGY CAN FAIL TOO.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,031
  • Nov 6, 2012 10:43am Nov 6, 2012 10:43am
Quoting Davit
I don't want to complicate.Just another view of the system.One can exploit the system to fullest by combining concepts that fall within the system.
Check AU.I am short as you can see.
Yes you are right. The trendline and channels are good. They are leading indicators which can be combine to gauge the market.

However, 10ema is our carrier.

By the way which setup do you use for the AU Short?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,032
  • Nov 6, 2012 10:49am Nov 6, 2012 10:49am
Quoting ejiexe
Yes you are right. The trendline and channels are good. They are leading indicators which can be combine to gauge the market.

However, 10ema is our carrier.

By the way which setup do you use for the AU Short?
riskier CT towards 10/200EMA....
In trading, you have to be defensive and aggressive at the same time
  • #13,033
  • Nov 6, 2012 11:02am Nov 6, 2012 11:02am
Quoting Davit
good morning all.Slept 4hrs and back in the game.
Please experienced traders check this out.I have circles what I am trying to hint.Chart is Arjun's but notice on 4hr how price respects the TL? Once PA hits 84 top of TL we can short it going towards 200EMA ,CT at least to median line which is 8338 which could net 60-70pips based on this simple observation.
What you think?
Dear Davit,

Interesting pattern buddy, like jing and jang. So must be good for sure to bring peace and balance to PA. Just wondering, if you can draw these lines in advance. Or put it this way: do they change if PA crosses them?

Thanks bro, for the charts, appreciate. Nice to learn from you.

Ciara
Ideas shape the course of history
  • #13,034
  • Nov 6, 2012 11:15am Nov 6, 2012 11:15am
If you are Expert please skip. It is for LOVEBEES

If you are new to forex use Master Arjun template.
If you are LOVEBESS like me, delete all other stuff from your chart and stick to Master Arjun template. It has everthing we need to trade successfully. It is very difficult to foget old way of trading though but I bet you if we can erase it and push this whole new idea in our memory the better for we LOVEBEES.

Like the name implies "Another simple system"

Ability to combine both the theoretical concept with the practical approach is the secret - Gibril.

I discover the more I add stuff to my chart the more things become difficult. So let look for a dustbin and through away all those negative stuff and face the reality.

If we keep it simple, it will be easier for us. I am not finding it easy though but I am sure it can be alot easier.

Now look at this two chart.

Daily Chart: Price is below 10ema and we all know price will continue down until there is a support. Now look at the PPA. A baby will also know where the price will turn. Price bounce same price level. (102.17)

15min Chart: We have 800ema + support level + Hammer. This is what master meant by saying let the price lead us.

What else do we need that will tell us that the price is going to 200ema.

I know the problem of emotion when we are on hot seat but we have to trust ourself and stop over analysing.

FOREX IS SIMPLE VERY SIMPLE IN TERM OF SKILL AND SYSTEM

Bad MM manamgement still has to do with Physcology.

Master Arjun, when are we continue our Physcology lesson. That is the 60% of trading successfully.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej daily.gif Size: 16 KB
Click to Enlarge Name: ej15min.gif Size: 18 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,035
  • Nov 6, 2012 11:20am Nov 6, 2012 11:20am
Quoting Ciara
Dear Davit,

Interesting pattern buddy, like jing and jang. So must be good for sure to bring peace and balance to PA. Just wondering, if you can draw these lines in advance. Or put it this way: do they change if PA crosses them?

Thanks bro, for the charts, appreciate. Nice to learn from you.

Ciara
Depends what TF TL you are looking at.If daily,weekly and monthly the net or the range is greater.I just like the 4hr and 1hr since not planning to hold trades usually more then a day.
In trading, you have to be defensive and aggressive at the same time
  • #13,036
  • Nov 6, 2012 11:22am Nov 6, 2012 11:22am
Quoting Davit
riskier CT towards 10/200EMA....
That is not even a good CT trade for me.

Though, I may be wrong as I am only doing what we are thought to do. This is just my opinion. Pls correct me has I am hungry for knowledge.

1. There are no pattern that confirm down moves. like 123 etc
2. Distance betwen 10ema to 200ema is not up to 50 atleast.
3. Trend is up.
4. ADR failed

Now if ADR failed and price goes to next RN. HEY HEY, you can take that trade to the bank.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,037
  • Nov 6, 2012 11:23am Nov 6, 2012 11:23am
Quoting ejiexe
Thank for the reply. Good spot for the sl.

We should alway remember to use STOP LOSS. I think it is only few people that can use mental stop loss. Let set it as soon as we enter trade if we cannot set it as at the time of entry.

My bad experience earlier today happen when the news came out.
I was on trade short on AUDNZD with the hope to close before I go to bed but shortly before then my internet connect went off. I answer the call of nature with my laptop as my pillow hoping the platform alarm will wake me up but unfortunately, I work up...
yes I totally agree. I try to set stop loss as soon as I take the trade and I also know where to set my stop loss. if there is no clear place I set it at 10 pips ajd try to move it to BE as soon as possible. I had a scare earlier aswell with the g/u as I forgot to set stop loss ar a take profit which would have been reached

zander
  • #13,038
  • Nov 6, 2012 11:36am Nov 6, 2012 11:36am
My analysis on AU :

M 15 :

http://clip2net.com/clip/m146154/135...-clip-57kb.png


H 1 :

http://clip2net.com/clip/m146154/135...-clip-63kb.png

H 4:

http://clip2net.com/clip/m146154/135...-clip-57kb.png
If you want your dreams to come true, you better wake up !!!
  • #13,039
  • Nov 6, 2012 12:05pm Nov 6, 2012 12:05pm
Quoting loveevery1
Folks...There are lots of ways to reach a particular destination.by car,by train,by bicycle,on foot,by plane,by jet,by rocket.but you got to choose the best way to get to a destination...less stress/less mileage/less time/less tiring/traffic free...its upto a trader.

IN the same way there are lot of ways to see the chart,and there is only one chart.we all look at the market with different eyes.market is always the same.Change is the only thing which never changes in this universe.some people complicate the chart.
As I was reading the thread, I saw one of the post of Arjun which I feel like sharing to refresh we LOVEBEES mind. Simplicity always works...Practice Practice and Practice
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,040
  • Nov 6, 2012 12:33pm Nov 6, 2012 12:33pm
Quoting sashadeol
http://clip2net.com/clip/m146154/135...-clip-56kb.png
don't forget what happened at the low during london. double bottom. look at gold. i think euro will follow, but that's just me. volume figure's been very interesting from last friday til today. looks to me... they've been accumulating, though i could be completely wrong.
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