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Another simple system - Time-Frame 15

  • #13,241
  • Nov 7, 2012 1:28pm Nov 7, 2012 1:28pm
Come on Steph.... now you are really making me think twice about my analysis .... if I am wrong please correct me ......

10 + vouches and you still say you are newbie? you are really very humble human.......

Please teach me .... and correct my analysis ...... Thanks....

Quoting 99problems
thank you bro,

i didn't know all this. still got to learn loads...i'm still only taking the super newbie entries lol

thanks for your time

peace and love
steph
If you want your dreams to come true, you better wake up !!!
  • #13,242
  • Nov 7, 2012 1:33pm Nov 7, 2012 1:33pm
Quoting sashadeol
If you zoom a little more on your Day chart and look left..... Yes it should hit around 1.2625 soon.....

Also ... you will see ... whenever it crossed over (repelled) by 200 EMA ..... it goes atleast 400+ pips away ......

You may get a long entry on M15 .... but bigger timeframe says ... its heading to area of 1.2400-1.2500...

Add a Fib from this year's low of 1.20414 to high of 1.31679 on Sep 14 ..... and you will see price bounced off precisely a fib level (1.27376) today......

The daily today is a pin bar rejecting the 10 & 200 EMA on...
My thinking is sudden price drop was due to election and markets may start adjusting to new reality and resume up momentum prior of election.
PA to drop your suggested lows must have fundamental reasons "Greece melt down" scenarios which I don't see it now.
I guess we just have to wait and see.
In trading, you have to be defensive and aggressive at the same time
  • #13,243
  • Nov 7, 2012 1:36pm Nov 7, 2012 1:36pm
Quoting sashadeol
Come on Steph.... now you are really making me think twice about my analysis .... if I am wrong please correct me ......

10 + vouches and you still say you are newbie? you are really very humble human.......

Please teach me .... and correct my analysis ...... Thanks....

bro, my vouches are completely undeserved lol. less than 5 months of forex and people gave them to me because their hearts are too big and as a motivation i guess.

i understand your analysis bro.. i just don't dare trading through the big EMAs... yesterday when i was posting the GJ setup to backtest, i made a big mistake...800 ema was below, it was a coin toss for me that price would go through.

maybe one of the pros can step in to help us analyzing it.
that's why i was asking for HTF picture. if everything lines up in HTF with good S/R zone for example, i would rather consider the HTF lineup than the LTF one..if that makes sense.

so sorry, cannot say anything else beside that i am too chicken to go through 200ema without bounces LOL

peace and love to you bro
steph
  • #13,244
  • Nov 7, 2012 1:39pm Nov 7, 2012 1:39pm
@ejiexe

your problem is - WHAT is your exitstrategie? Please, just write down now!!!
.........
Soorrrrrry, to write so rude or in an imperative...because...
If you cannot answer at once like a shot of a pistol, you are not save in your feeling and basics.
If your plan means a huge run, then for example trade 50% out at 20 pips(or 2 inital risk, rest break even) and the rest trail with the high+1(no IB candle) of every M15 candle or 25% out and the rest trail with every H4 high candle. Look at the huge runs like today, when and if you would move with every M15 candlehigh,(bigger run H4). Every run is going straight and with this easy stopfunction, you would make a lot of pips.(look at the long run and the short one..count the candle/pips)
There are more strategies and easy to use strategies like davit has written. If your are interesting, i can once show you some.
But you need to write it down AND then to be happy, just that you followed correct your rules(even, if you get kicked out by 1 pip and then the run was going on)
or take the 3 EMA( its in the M5 the 10 EMA) or 10 EMA and CLOSE above, when short...very good and easy trigger too
  • #13,245
  • Nov 7, 2012 1:51pm Nov 7, 2012 1:51pm
Quoting jj7000
Hi,

Sorry to hear you had a bad day. But these bad days can make you or break you or shape you.

I make things very simple. Example if I want 15 pips on a trade. When I am up 7-8 pips, I move my s/l to BE. I'm half way there and there is no possibility of a loss.

ARJUN talked about only going for +10 pips to reduce stress.

I personally would rather have a bunch of B/E trades than to be up +10 pips and it takes me out with a loss.

I too had a fear about the NEWS being a tentative release today for the EUR Crisis Vote. I thought what if this...
really well put mate - wise words from someone who has been there done that and now confident in his own style....good stuff
  • #13,246
  • Nov 7, 2012 2:33pm Nov 7, 2012 2:33pm
Quoting Davit
My thinking is sudden price drop was due to election and markets may start adjusting to new reality and resume up momentum prior of election.
PA to drop your suggested lows must have fundamental reasons "Greece melt down" scenarios which I don't see it now.
I guess we just have to wait and see.
Actually... the move up was due to US printing money on toilet paper, but they are doing it strong and Germany helps with austerity to enforce financial discipline in Europe and take the control over financial sector as current EUR price is good enough for them, but not good enough for anybody else in Europe, which suits them just fine. That's the fundamentals.

Technical view. If, and that's a big if, central banks wouldn't interfere, next technical target is fibbo confluence, which is 1,25-1,2480. Daily perspective allows also first to hit near 1,35. What will happen first, no idea. Wait for setup and ride the direction.
EDIT: nearest target is actually 1,2710, then 1,2640 for short after retracement, if you want to go into details.


BR
Attached Image (click to enlarge)
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  • #13,247
  • Nov 7, 2012 3:09pm Nov 7, 2012 3:09pm
Quoting Davit
My thinking is sudden price drop was due to election and markets may start adjusting to new reality and resume up momentum prior of election.
PA to drop your suggested lows must have fundamental reasons "Greece melt down" scenarios which I don't see it now.
I guess we just have to wait and see.
wait for the consolidation zone to form if you wanna long. needs a retest the low, imo. if not then get in at the second entry.
  • #13,248
  • Nov 7, 2012 3:09pm Nov 7, 2012 3:09pm
Quoting recidiviste
*****************
plea&se can you share this indicator that display fibo levels based on previous periods & project it

please thanks !

regards
from france
Hi recidiviste,

Install this template posted by Emmanuel and you will find the fibo you asked for. There is no indicator to do that for you. You must move it daily.
Attached File(s)
File Type: tpl eurusd 2 nov exercise.tpl   4 KB | 314 downloads
  • #13,249
  • Nov 7, 2012 4:03pm Nov 7, 2012 4:03pm
Quoting jj7000
Hi,

......
Write down your feelings while trading, make sure you lot sizes isn't affecting your decisions. I bet it would be easier to let a trade run if each pip was worth a penny lol! Think about it. Review what you did right and wrong and try to learn from it.

Nobody is perfect we all can improve in one way or another.

Believe in what your doing and don't doubt your set-ups. In the words of ARJUN " IF you work , everthing works"
Thank you my brother.

IF you don't work , nothing works
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,250
  • Nov 7, 2012 4:13pm Nov 7, 2012 4:13pm
Quoting opips
@ejiexe

your problem is - WHAT is your exitstrategie? Please, just write down now!!!
.........
Soorrrrrry, to write so rude or in an imperative...because...
If you cannot answer at once like a shot of a pistol, you are not save in your feeling and basics.
If your plan means a huge run, then for example trade 50% out at 20 pips(or 2 inital risk, rest break even) and the rest trail with the high+1(no IB candle) of every M15 candle or 25% out and the rest trail with every H4 high candle. Look at...
Thank you. You are not rude. All your explainations and advices are good.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,251
  • Nov 7, 2012 4:18pm Nov 7, 2012 4:18pm
This guys are changing the look of there website. hummmm
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,252
  • Nov 7, 2012 4:39pm Nov 7, 2012 4:39pm
Quoting cristiansan
Hi recidiviste,

Install this template posted by Emmanuel and you will find the fibo you asked for. There is no indicator to do that for you. You must move it daily.
T H A N K S

i think i found an indicator doing that job; but need some improvement !

i post it here if anybody can help improve it ?

first think would be good for previous period high/lox bar to be ticker/wider
second check logic of the fibo ratio
etc.....

regards

lerecidiviste
Attached File(s)
File Type: mq4 spudfibo.mq4   8 KB | 315 downloads
BROKENGLISH
  • #13,253
  • Nov 7, 2012 4:48pm Nov 7, 2012 4:48pm
Quoting recidiviste
T H A N K S

i think i found an indicator doing that job; but need some improvement !

i post it here if anybody can help improve it ?

first think would be good for previous period high/lox bar to be ticker/wider
second check logic of the fibo ratio
etc.....

regards

lerecidiviste
Best fib indi is you.I find indicators drawing fibs,pivots are calculating numerous points and those points are seldom accurate.I don't use pivots for that reason nor auto fibs.
You can have 10 daily pivot indies with 10 different lines....
Price does not care about pivots.Sometimes traders put way too much importance on them.Price does respect trend lines more specially median line.
In trading, you have to be defensive and aggressive at the same time
  • #13,254
  • Nov 7, 2012 5:18pm Nov 7, 2012 5:18pm
First trade today with this system 28pips
Attached Image (click to enlarge)
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  • #13,255
  • Edited 6:03pm Nov 7, 2012 5:45pm | Edited 6:03pm
Quoting josh11
First trade today with this system 28pips
Congrats!! just notice where PA was prior of TDI yellow and TDI cross(50% move you missed).Continue trading the way you do but after every profitable trade again look where TDI was.... and hopefully someday you can run without crotches.
In trading, you have to be defensive and aggressive at the same time
  • #13,256
  • Nov 7, 2012 6:13pm Nov 7, 2012 6:13pm
EU running..

Half off +20..rest BE

Love, Ciara
Attached Image (click to enlarge)
Click to Enlarge Name: 20121108eu.jpg Size: 106 KB
Ideas shape the course of history
  • #13,257
  • Nov 7, 2012 6:17pm Nov 7, 2012 6:17pm
Quoting Ciara
EU running..

Half off +20..rest BE

Love, Ciara


my sister never sleeps!

good night and peace and love
  • #13,258
  • Nov 7, 2012 6:38pm Nov 7, 2012 6:38pm
Quoting 99problems
my sister never sleeps!

good night and peace and love

You're a good teacher, bro! My FX part of brain is only slowly increasing.

Love, Ciara
Ideas shape the course of history
  • #13,259
  • Edited 8:43pm Nov 7, 2012 8:18pm | Edited 8:43pm
Quoting ejiexe
You should now understand why I asked series of questions in my first post on this issues which seems not to be address.

Remember, with experiences, we can know when to grab and run and when to let trade run.

Even if I have inside informationn to short EU for 500 pips, I may not be able to let it run. lol may be i will close 50 pips lol
Hi ya Ejiexe..

I feel profit taking is something a trader will spend most of there time trying to improve as with stops over the years but will never be satisfied, lol

The reason I say that is we really never know what a trade is going to do and all we can do is best manage it as best we can from our past experiences..
People use many different methods of taking profits from moving stops under S/R levels, 2 bar stops, crosses above below EMA's, etc.... and at the end of the day it has to come down to you and your personality and what you feel comfortable with..

As you never know what a trade is going to do you can't go beating yourself up if you sold to early or to late if you followed your method of stops and profit targets..

Yes a trade could go on and have made you a truck load more pips but hey you followed your method be happy with that but think of the other side of the coin..did you follow your stops..if not why not?..you might be more upset as you have a hole in your pocket and having no funds available....No funds, No business!!..

Cheers,
Adrian
  • #13,260
  • Nov 7, 2012 8:58pm Nov 7, 2012 8:58pm
Quoting 99problems
wowowowow

our SISTER CIARA got the 10+v the fastest i have ever seen hahaha.

peace and love to you sister
steph
Im amazed this thred vouches people for their hearts,.....first and then comes the trading abilities...lol..all my vouches are for good heart then comes the trading skills....lol
Let all the living things live blissfully
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