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Another simple system - Time-Frame 15

  • #13,521
  • Nov 9, 2012 2:52am Nov 9, 2012 2:52am
Thanks everyone here. There're so many experts and great souls in this thread.
I've learnt very much from everyone here, but I'm still an awful trader. I need some help.

I had two trades today, and all BE. Please point my mistakes, thanks a lot. And sorry for my English.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.11.9-1.png Size: 53 KB
Find your edge, make your system, stick to it.
  • #13,522
  • Nov 9, 2012 3:09am Nov 9, 2012 3:09am
Quoting long_bow
Thanks everyone here. There're so many experts and great souls in this thread.
I've learnt very much from everyone here, but I'm still an awful trader. I need some help.

I had two trades today, and all BE. Please point my mistakes, thanks a lot. And sorry for my English.
Your buying right into resistance on your 2nd entry. Look at the HTF always.
What is any ocean but a multitude of drops?
  • #13,523
  • Nov 9, 2012 3:09am Nov 9, 2012 3:09am
Quoting Davit
http://www.forexfactory.com/attachme...1&d=1352400680

Now about 8hrs later. Amazing how Price touched the lower TL and bounced off (no there was no pivot there)
Just trying illustrate the idea the power of trend lines.One can use Arjun's trading method while being aware of TLines.The beauty of this thread that lot of ideas converge to make it dynamic "system"
That's all my humble small input.

Morning mate

Yes good call on the channel touch. (not trying to be smart...but...) Take a look at the attached chart - fibo piv s1 right there! Also as emmanuel pointed out YL. Good confluence of all. I guess it all helps.
Attached Image (click to enlarge)
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  • #13,524
  • Nov 9, 2012 3:11am Nov 9, 2012 3:11am
Quoting long_bow
Thanks everyone here. There're so many experts and great souls in this thread.
I've learnt very much from everyone here, but I'm still an awful trader. I need some help.

I had two trades today, and all BE. Please point my mistakes, thanks a lot. And sorry for my English.
Just my 2 newbie cent..

Correct me if I`m wrong...
Attached Image (click to enlarge)
Click to Enlarge Name: china1.jpg Size: 156 KB
  • #13,525
  • Nov 9, 2012 3:17am Nov 9, 2012 3:17am
Quoting loveevery1
On this chart can someone tell me where is the down move confirmed....on which candle....
Mark your candle and reasons for it....plz
Remember this? Today EU PA almost similar.PA will always repeat itself again and again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Arjun chart.gif Size: 101 KB
Click to Enlarge Name: eu today.gif Size: 59 KB
  • #13,526
  • Nov 9, 2012 3:20am Nov 9, 2012 3:20am
Quoting Xhale12
I know everyone took this one
hi mate...,

i took ej and gj...euro and cable had similar setups but stayed out due to 200ema below the pin bars, better confirmation after the break of the 200ema? did you take this trade?...where did you enter...thanks
  • #13,527
  • Nov 9, 2012 3:23am Nov 9, 2012 3:23am
Quoting long_bow
Thanks everyone here. There're so many experts and great souls in this thread.
I've learnt very much from everyone here, but I'm still an awful trader. I need some help.

I had two trades today, and all BE. Please point my mistakes, thanks a lot. And sorry for my English.
As others have mentioned resistance at yesterdays high, which was also the low from 5 and 6 Nov. Support and resistance trumps everything pretty much. So again first thing look for SR areas, then look to trade the reaction to them.

On 1hr there were 4 candles struggling to go higher and divergence. A decent clue. On 15 min divergence + head and shoulders pattern.
  • #13,528
  • Nov 9, 2012 3:26am Nov 9, 2012 3:26am
Quoting long_bow
Thanks everyone here. There're so many experts and great souls in this thread.
I've learnt very much from everyone here, but I'm still an awful trader. I need some help.

I had two trades today, and all BE. Please point my mistakes, thanks a lot. And sorry for my English.

Two things you need to do:

1) draw exactly where were your trade Entry Price (EP), initial Stop Loss (SL) and Take Profit exits (TPs)

2) Thought Process: For each trade taken, write down were your thoughts when you decided to take each of the trades. What did you see on your charts.

Question:

Did you do the follow those steps before you started to trade today?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,529
  • Nov 9, 2012 3:26am Nov 9, 2012 3:26am
Quoting Xhale12
Your buying right into resistance on your 2nd entry. Look at the HTF always.
I see now. Thank you very much.

Quoting Apophis
Just my 2 newbie cent..

Correct me if I`m wrong...
Thanks a lot. I appreciate your help.
Find your edge, make your system, stick to it.
  • #13,530
  • Edited 3:47am Nov 9, 2012 3:36am | Edited 3:47am
EUR/USD & GBP/USD

Pls see the attached pic - would the entry be the black arrow or blue arrow?

Black arrow - confirms pin & entry on 10ema but the 200ema is right below. (I know for CT 200ema has to be 40-50+ away, but question in relation to the way PA and pin was setting up)

Blue arrow - Price broke through 200ema, candle closed below 200ema...entry on retest?

I would have gone in with the blue arrow candles if i was not in the ej and gj at the time.

Seniors pls? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eu_gu_q.jpg Size: 160 KB
  • #13,531
  • Nov 9, 2012 3:41am Nov 9, 2012 3:41am
Quoting long_bow
I see now. Thank you very much.



Thanks a lot. I appreciate your help.
My cent to what other already said about HTF resistance

Don't alway look at TDI first. Use it for confirmation.

Also TDI is at 68 when u took that buy trade.

Know the rules of TDI by heart.
Pat Chiko reference

http://www.forexfactory.com/showthre...67#post5661867
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,532
  • Nov 9, 2012 3:45am Nov 9, 2012 3:45am
Quoting aryary
EUR/USD & GBP/USD

Pls see the attached pic - would the entry be the black arrow or blue arrow?

Black arrow - confirms pin & entry on 10ema but the 200ema is right below.

Blue arrow - Price broke through 200ema, candle closed below 200ema...entry on retest?

I would have gone in with the blue arrow candles if i was not in the ej and gj at the time.

Seniors pls? Thanks
I only took EU but I entered on the black arrow. Mostly due to the PA behavior at strong resistance on the 1hr chart, and the pin forming right off the previous days high.
What is any ocean but a multitude of drops?
  • #13,533
  • Nov 9, 2012 3:52am Nov 9, 2012 3:52am
Why I was looking for shorts today.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 36 KB
What is any ocean but a multitude of drops?
  • #13,534
  • Nov 9, 2012 4:07am Nov 9, 2012 4:07am
Quoting emmanuel7788
Two things you need to do:

1) draw exactly where were your trade Entry Price (EP), initial Stop Loss (SL) and Take Profit exits (TPs)

2) Thought Process: For each trade taken, write down were your thoughts when you decided to take each of the trades. What did you see on your charts.

Question:

Did you do the follow those steps before you started to trade today?

regards,
Yes. You are right. Sorry about that. Here it is. Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.11.9-1.png Size: 82 KB
Find your edge, make your system, stick to it.
  • #13,535
  • Nov 9, 2012 4:15am Nov 9, 2012 4:15am
Quoting symon
Hello!

I entered long on GU (on 5M TF), a bit of hesitation I must confess...
I entered because I see previous support on 1h TF and pinbar on 15M TF. I put a fibo and see a match with 4hr 10EMA, fibo 50%: this was my target.
Think I'm done for this week!

Any comments welcome!
Quoting loveevery1
Brother Freak...welcome to the thread...i think you havent read the thread properly...We do not discuss 5mn chart anymore,,,,plz do not post anything regarding 5mn....Its a humble request...if it works for you...its fine...
this is the 100th time im requesting...plz...stop..it today was treding may be its working for you...but be careful with the fakes...my brother...particulalry if you are new to trading...lol

Guys....plz stop saying anything about 5mn chart....if you really respect me....remember im doing this for YOU......

Pls respect this great man. We should endure to read post. If we can't then we should follow with the current discussion
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #13,536
  • Nov 9, 2012 4:17am Nov 9, 2012 4:17am
Quoting symon
Hello!

I entered long on GU (on 5M TF), a bit of hesitation I must confess...
I entered because I see previous support on 1h TF and pinbar on 15M TF. I put a fibo and see a match with 4hr 10EMA, fibo 50%: this was my target.
Think I'm done for this week!

Any comments welcome!
This is one of the main reasons i dont want to update the post one....
Let all the living things live blissfully
  • #13,537
  • Nov 9, 2012 4:18am Nov 9, 2012 4:18am
Quoting ejiexe
Pls respect this great man. We should endure to read post. If we can't then we should follow with the current discuss.
Thanks for pointing it out mate....i will keep you in my heart...thanks..
Let all the living things live blissfully
  • #13,538
  • Nov 9, 2012 4:20am Nov 9, 2012 4:20am
Quoting Vantage
As others have mentioned resistance at yesterdays high, which was also the low from 5 and 6 Nov. Support and resistance trumps everything pretty much. So again first thing look for SR areas, then look to trade the reaction to them.

On 1hr there were 4 candles struggling to go higher and divergence. A decent clue. On 15 min divergence + head and shoulders pattern.
Thanks a lot.

Quoting ejiexe
My cent to what other already said about HTF resistance

Don't alway look at TDI first. Use it for confirmation.

Also TDI is at 68 when u took that buy trade.

Know the rules of TDI by heart.
Pat Chiko reference

http://www.forexfactory.com/showthre...67#post5661867
Thank you for conduct. I should always stay alert.
Find your edge, make your system, stick to it.
  • #13,539
  • Nov 9, 2012 4:28am Nov 9, 2012 4:28am
Quoting loveevery1
Thanks for pointing it out mate....i will keep you in my heart...thanks..
THANKS ARJUN& X-Man &Emmanuel !!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 27 KB
  • #13,540
  • Nov 9, 2012 4:32am Nov 9, 2012 4:32am
Quoting hubby7
Remember this? Today EU PA almost similar.PA will always repeat itself again and again.
hahaha...good one...ultimate example ...where have you been brother...didnt you see for sometime...?
Let all the living things live blissfully
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