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Another simple system - Time-Frame 15

  • #13,201
  • Nov 7, 2012 10:42am Nov 7, 2012 10:42am
Quoting Davit
Good morning friends
I got a monster winning trade +158 pips from last night
ucad bought at 9880 and 9889
A Great start to Sep, well done!
If ask a silly question.. forgive me!i'm just confused again!
  • #13,202
  • Nov 7, 2012 10:43am Nov 7, 2012 10:43am
I do and I understand.
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  • #13,203
  • Nov 7, 2012 10:43am Nov 7, 2012 10:43am
Hi,

just one question: after price closed above EMA(10) and entering a long trade (all other criterias met) when the price closes below EMA(10) it means that the long trade is no longer valid. Am I right? And for short vice versa. (I started to read the thread I am on page 200, sorry if this question has been asked before.)

Finally a profitable trade on GU M15. With a conservative 22 pips profit but I am so happy!

take care, thrax
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  • #13,204
  • Nov 7, 2012 10:54am Nov 7, 2012 10:54am
Quoting afos
A Great start to Sep, well done!
Guys Thank you little show off (blushing)
Check out my Equity graph for this month
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In trading, you have to be defensive and aggressive at the same time
  • #13,205
  • Nov 7, 2012 10:56am Nov 7, 2012 10:56am
Quoting pkimnyc
my personal choice is macd only because i got used to it, but other tools do the same. either momentum, cci, rsi, tdi. they all do the same.

standard mt4 macd is not the one i would prefer.

if interested, use this.
Thank you! I assume I let on default settings right? If you don't answer I'll assume yes!
In trading, you have to be defensive and aggressive at the same time
  • #13,206
  • Nov 7, 2012 10:57am Nov 7, 2012 10:57am
Hello fellow traders..
Just in case if anybody needs it...
Indicator shows on your TF how much time left to higher tf candle close..

Peace,

Roman
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 SitaringMultiCandleTime-1.mq4   4 KB | 406 downloads
  • #13,207
  • Nov 7, 2012 10:58am Nov 7, 2012 10:58am
Quoting Davit
Thank you! I assume I let on default settings right? If you don't answer I'll assume yes!
yes, default.
  • #13,208
  • Nov 7, 2012 11:01am Nov 7, 2012 11:01am
Hi guys, this goes to show that even a blind.....
I´ve probably missed to take a lot in to concideration -but it´s my first winning trade.
Maybe the entry, which I missed by a pip or two, and the exit could have been somewhere else.

http://i45.tinypic.com/23vf29.jpg
http://i46.tinypic.com/2mqpxeu.jpg

Regards

Waez
  • #13,209
  • Nov 7, 2012 11:03am Nov 7, 2012 11:03am
Quoting Davit
Guys Thank you little show off (blushing)
Check out my Equity graph for this month
Hi Davit,

That's spectacular Wish I hold 50% of that account.

Keep it up man, really a lot of catching up to do. I think it is simply a no match for me lol......(got knock out 1st round )

wonderful..

winwin
  • #13,210
  • Nov 7, 2012 11:09am Nov 7, 2012 11:09am
Quoting WinwinFx
Hi Davit,

That's spectacular Wish I hold 50% of that account.

Keep it up man, really a lot of catching up to do. I think it is simply a no match for me lol......(got knock out 1st round )

wonderful..

winwin
Thanks bro. I am glad you are thinking in terms of S/D Read about supply and demand by Sam Seiden.
http://www.fxstreet.com/search/contr...1-e9bf77216d2f
videos by him.He is great.You can always improve on knowledge (not to deter anyone from this system.Think just sharpening tools for better cutting)
In trading, you have to be defensive and aggressive at the same time
  • #13,211
  • Nov 7, 2012 11:24am Nov 7, 2012 11:24am
I hope this post is not going to be bored

Today is a bad day for me. I lost so much. Remember, loss of potential pips is also a lost. LOL

I want people to really help me to solve this problem. May be I am not the only soul here suffering from this problem. And this is one of the reasons I said Master Arjun should continue with the psychology which is even 70% of trading and stop teaching the strategy. There are lots of helping soul now on the thread.

Unless Master will start to show us new secret has he promised us, otherwise he is repeating same thing from the beginning of this thread in a much CLEARER form.

He said we should always do our home work and wait patiently for the trade.

I did that at the close of my daily candle and went to bed.

WHAT IF AFTER WAITING AND THE OPPORTUNITY SURFACE AND YOU FAIL TO PULL THE TRIGGER HAS PLANNED?

WHAT IF AFTER YOU ENTERED THE TRADE AND YOU EXIT WITH SMALL PROFIT BECAUSE OF FEAR?

WHAT IF EMOTION TAKES OVER BECAUSE OF PREVIOUS BAD NEGATIVE EXPERIENCES?

The truth is that I knew something is coming up today and I analyzed 9 Pairs and narrow down before LO.

Theses are few of my analysis I wrote down before I went to bed.

Though I am still working on the Trading form.

AUDCHF
Long @ Pull back to 10ema on 4hr.
Short @ 0.9879 daily R3
A bounce from 200ema on 15min is good. May be confluence with Daily R1 which is also 61.8 fib

GBPCHF
Long @ 800ema 15min Chart around 1.5050 area

GPPCAD
Look for CT trade with 123 pattern or a bounce around 1..5798 – 1.5827 (200ema and 50ema bounce)

EURUSD
Short @ Daily R2 1.2878 confluences with 800ema on 15min with support now become resistance.

I posted resistance level earlier before LO.

I entered EU with the intention to get more than 100pips. Before I know what is happening, I had already closed 10pips and move the other half to BE for it to run.


When price was going back up for the test of RN which never occurred to me then until pkimnyc clarified it. I thought it was going for a touch of 800ema since green on TDI is already crossing red (i am not really a fans of TDI but usually use it for CT) and before I know it I closed immediately.

Quoting pkimnyc
completely missed this one. it happens sometimes. regardless, areas marked in yellow should have provided good entries for shorts.

Attached is my trade for that EU and even the AJ



THE QUESTION IS WHY DID I CHANGE MY PLAN TO CLOSE THE TRADE AND MOVE TO BE IN THE FIRST PLACE?


IS IT BECAUSE OF PAST LOSSES WHICH I WANT BACK?

IS IT JUST EMOTION?

I NEED SOLUTION TO OVERCOME CHANGING OF TRADING PLANS
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
Click to Enlarge Name: aj.gif Size: 19 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,212
  • Nov 7, 2012 11:26am Nov 7, 2012 11:26am
Quoting orko_555
Hello fellow traders..
Just in case if anybody needs it...
Indicator shows on your TF how much time left to higher tf candle close..

Peace,

Roman
Thanks buddy
You do lots for all of the traders here.
You a good guy
X-man the legendary conqueror of markets
  • #13,213
  • Nov 7, 2012 11:28am Nov 7, 2012 11:28am
Quoting Davit
Thanks bro. I am glad you are thinking in terms of S/D Read about supply and demand by Sam Seiden.
http://www.fxstreet.com/search/contr...1-e9bf77216d2f
videos by him.He is great.You can always improve on knowledge (not to deter anyone from this system.Think just sharpening tools for better cutting)
HI Davit,

Thank brother, will do just that... be catching up on you very ...ah... soon (fat hope lol)

thank again

winwin
  • #13,214
  • Edited 11:49am Nov 7, 2012 11:32am | Edited 11:49am
Quoting ejiexe
I hope this post is not going to be bored

Today is a bad day for me. I lost so much. Remember, loss of potential pips is also a lost. LOL

I want people to really help me to solve this problem. May be I am not the only soul here suffering from this problem. And this is one of the reasons I said Master Arjun should continue with the psychology which is even 70% of trading and stop teaching the strategy. There are lots of helping soul now on the thread.

Unless Master will start to show us new secret has he promised us, otherwise...
I did not see you even mentioned News.
Here is what I suggest.Lets look at the markets from top down view. These days markets move more by news then technical.That is why I have News plastered on my screen.

1.News,fundamentals
2.Sentiment
3.Direction
4.Price and where it is in relation to support/resistance/candle formation
5.System (systems)
6.Profit target
7.Stop loss

This is my understanding of order of importance.Notice system is 5.I don't even look at system unless I know 1,2,3,4
After election London sold the dollar however NY was closed so naturally one would of assumed NY would of followed London lead.Not so! We like the outcome and markets rallied to support Obama.
In trading, you have to be defensive and aggressive at the same time
  • #13,215
  • Nov 7, 2012 11:47am Nov 7, 2012 11:47am
Quoting WinwinFx
HI Davit,

Thank brother, will do just that... be catching up on you very ...ah... soon (fat hope lol)

thank again

winwin
Your success is determined by your determination and positive attitude.
Read about "law of attraction"
When I teach kids Chess I don't start with Queen's gambit.I start with what each piece does.
Trading is same.I have subject study every week.this week my focus is on volume.Make a list and tackle one by one.You'll be amazed how much you'll improve.Be very honest with yourself.Admit what you don't know and address those weaknesses one by one.
I have way to go.Not even close where I want to be but I study intensely.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #13,216
  • Nov 7, 2012 11:50am Nov 7, 2012 11:50am
Brother ..... you need a hug .....

First off.... I do not see anything that you did incorrect ..... where did you change the plan ? Plan the trade and trade the plan... You closed 1/2 for profit and rest was moved to BE.... thats the best way to trade and capital protection .... There is no way of knowing what price will do, you only expect what it might do ...

Profitable trade is a good trade... small or big does not matter.... Imagine the guys who took the break of the 10 EMA when price closed higher for longs ? They got burned.... or the ones that took the bounce from RN .....

You are lucky to know which direction you had to trade.... and when to enter ..... and you knew the capital protection technique of taking 50% for profit and leaving 50% at BE.... which makes this a profitable and free trade for you .....

I see you are disappointed in why you did not get the 100 pips that you wanted ...... Master told us ... 10 pips is good enough .....

Now you would not be disappointed if price moved higher ...... after taking your BE ..... would you ???? You would not then blame your trade or plan or change of either ...... Just because price came up and took your BE..... you are starting to blame your plan and trade ..... thats not right ......

if it did take your BE.... you should look for next trading opportunity .....

As my humble opinion .... you do not need change your plan .... you are doing the right thing .....

Peace...


Quoting ejiexe
I hope this post is not going to be bored

Today is a bad day for me. I lost so much. Remember, loss of potential pips is also a lost. LOL

I want people to really help me to solve this problem. May be I am not the only soul here suffering from this problem. And this is one of the reasons I said Master Arjun should continue with the psychology which is even 70% of trading and stop teaching the strategy. There are lots of helping soul now on the thread.

Unless Master will start to show us new secret has he promised us, otherwise...
If you want your dreams to come true, you better wake up !!!
  • #13,217
  • Nov 7, 2012 11:55am Nov 7, 2012 11:55am
Quoting sashadeol
Brother ..... you need a hug .....

First off.... I do not see anything that you did incorrect ..... where did you change the plan ? Plan the trade and trade the plan... You closed 1/2 for profit and rest was moved to BE.... thats the best way to trade and capital protection .... There is no way of knowing what price will do, you only expect what it might do ...

Profitable trade is a good trade... small or big does not matter.... Imagine the guys who took the break of the 10 EMA when...
Well said brother. We are happy family here.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,218
  • Nov 7, 2012 11:58am Nov 7, 2012 11:58am
HI ejiexe,

I can only comment on your Eurusd trade, cause I don't trade the other.

You were totally right with your trade on EURUSD. You have exited to take a profit, say 10 pips. right.

Remember What Brother Arjun say " 10 pips profit is better than 100 pips unconfirmed profit"

You have to consider re-entry, once you see that the move is down or for that matter it has re-crosses the 10 ema. What do you have to do? Wait for a PB and enter right. that's it, it is just that simple.

Sorry, I had tried to explain it as best I can. However, not to forget that I am just just just a newbies. Maybe, I took it as one of your quiz that you have often put up lol.... No offence.

ps; senior traders if I am wrong please smack my head, but be gentle please.

rdgs
winwin
  • #13,219
  • Nov 7, 2012 12:01pm Nov 7, 2012 12:01pm
Quoting Davit
I did not see you even mentioned News.
Here is what I suggest.Lets look at the markets from top down view. These days markets move more by news then technical.That is why I have News plastered on my screen.

1.News,fundamentals
2.Sentiment
3.Direction
4.Price and where it is in relation to support/resistance/candle formation
5.System (systems)
6.Profit target
7.Stop loss

This is my understanding of order of importance.Notice system is 5.I don't even look at system unless I know 1,2,3,4
After election London sold the dollar however NY...
Thank you.

How do you address your number 6?

Hint: For example if you see 120 pips ahead and you plan to take 100pips.

One of the trade you posted earlier might have answer it. Do you close along the line? I believe you Plan your trade and you trade that plan. Right?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,220
  • Nov 7, 2012 12:06pm Nov 7, 2012 12:06pm
Quoting ejiexe
I hope this post is not going to be bored

Today is a bad day for me. I lost so much. Remember, loss of potential pips is also a lost. LOL

I want people to really help me to solve this problem. May be I am not the only soul here suffering from this problem. And this is one of the reasons I said Master Arjun should continue with the psychology which is even 70% of trading and stop teaching the strategy. There are lots of helping soul now on the thread.

Unless Master will start to show us new secret has he promised us, otherwise...

Just my take on what you could have possibly done.

You said you closed 1/2 your trade size for +10 pips and placed stop at entry. (If your other 1/2 gets closed at entry then essentially you have gained +5 pips on your overall trade size).

For me a breakeven stop would have meant (after closing the 1/2) -10 from entry. (If this stop gets triggered your net is 0 - a breakeven trade).

Yes, of course you locked in some pips on 1/2 close - but if you guaged the trade and felt higher probability on this move - with many factors lining up - a b/e trade stop would have given more room for the trade position.

Anyway - no need to stress, more trading opportunities tomorrow!
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