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Another simple system - Time-Frame 15

  • #13,661
  • Nov 10, 2012 12:49am Nov 10, 2012 12:49am
Quoting pkimnyc
That's a lot of lines...
Yes I know, big pic view on W chart. It looks less imposing on a D chart normal size. On a 15 min chart you'll only see them here and there. Support and resistance and trend are probably the two biggest influences on trading, I'd rather know whats coming than not.
  • #13,662
  • Nov 10, 2012 12:53am Nov 10, 2012 12:53am
Quoting Vantage
Yes I know, big pic view on W chart. It looks less imposing on a D chart normal size. On a 15 min chart you'll only see them here and there. Support and resistance and trend are probably the two biggest influences on trading, I'd rather know whats coming than not.
4hr chart with SR levels and W pivots.
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  • #13,663
  • Nov 10, 2012 12:56am Nov 10, 2012 12:56am
Quoting Vantage
To consider in next weeks trading, we have a major support level from Jan '12 1.2626 area. This level should provide a reaction, I'll be looking at some D charts in Jan to see exactly what it looked like. Comparing what happens now will be interesting.

Anyway this is without question a major SR level.
not to pick on you but those arrows are totally unnecessary unless they help you see direction
indi auto drawn pivots S/R zones are worthless....

34 vouches for you more then Arjun I may add and still using archaic arrows on the chart....someone should of told you at vouch number 1 to burn them....
Saying it with care
In trading, you have to be defensive and aggressive at the same time
  • #13,664
  • Nov 10, 2012 1:13am Nov 10, 2012 1:13am
Quoting Davit
not to pick on you but those arrows are totally unnecessary unless they help you see direction
indi auto drawn pivots S/R zones are worthless....
They help see direction - turns and resumption of trend. They show engulfing closes in line with the definition below. With an audible alert on higher level charts are a great help if away from computer.

If a candle has an arrow above/below it then it means the PREVIOUS candle has closed and that close is either higher than previous 2 candle closes (where 1 of prev 2 closes must have been a neg close) or lower than 2 previous candle closes (where 1 of prev 2 closes must have been a pos close). That is a mouth full the concept is far easier than the explanation.

The SR levels are eyeballed. The W pivots are an indi. No problem we'll beg to differ on whether they have value or not.
  • #13,665
  • Nov 10, 2012 1:22am Nov 10, 2012 1:22am
Quoting Vantage
They help see direction - turns and resumption of trend. They show engulfing closes in line with the definition below. With an audible alert on higher level charts are a great help if away from computer.

If a candle has an arrow above/below it then it means the PREVIOUS candle has closed and that close is either higher than previous 2 candle closes (where 1 of prev 2 closes must have been a neg close) or lower than 2 previous candle closes (where 1 of prev 2 closes must have been a pos close). That is a mouth full the concept is far easier than...
Trading London and US sessions, would an alert help to show this kind of pa? Not an indi just pure proven price action baby. Look at any candle pattern you like. Many of them have this simple common denominator. An engulfing close. Made some sense at the time to stick into an arrow alert.
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  • #13,666
  • Nov 10, 2012 1:31am Nov 10, 2012 1:31am
Quoting Vantage
Trading London and US sessions, would an alert help to show this kind of pa? Not an indi just pure proven price action baby. Look at any candle pattern you like. Many of them have this simple common denominator. An engulfing close. Made some sense at the time to stick into an arrow alert.
Whatever you feel comfortable with.I apologize certain indies gave me repulsion and arrows fall in that category for me...
Regards
In trading, you have to be defensive and aggressive at the same time
  • #13,667
  • Nov 10, 2012 1:40am Nov 10, 2012 1:40am
Quoting Davit
Whatever you feel comfortable with.I apologize certain indies gave me repulsion and arrows fall in that category for me...
Regards
Absolutely no problem. Its not a comfort thing. Engulfing closes work, proven support and resistance levels where the market has turned work. W pivots work.
  • #13,668
  • Nov 10, 2012 1:46am Nov 10, 2012 1:46am
Quoting thuac
Hi there,

If you are trading chart patterns, I suggest you take a look at this Autochartist or go to http://www.autochartist.com

I works wonderful for me.
Thanks. The charts quick reference to compliment 10ema system, hence I have compiled some these price patterns posted in this thread into two charts.
  • #13,669
  • Nov 10, 2012 1:48am Nov 10, 2012 1:48am
Quoting Davit
continuing on Median line
When price approaches the median line, it creates at a time, one of three movements

 

  1. Reversal OR
  2. Violent piercing, resembling a zoom-through OR
  3. Narrow range, which will prepare the next price breakout

Great explanation Davit, do you mind to share the indi?
  • #13,670
  • Nov 10, 2012 1:59am Nov 10, 2012 1:59am
Quoting Vantage
Absolutely no problem. Its not a comfort thing. Engulfing closes work, proven support and resistance levels where the market has turned work. W pivots work.
thank u for sharing ur valuable experience.engulfing close, W D H4 S&R zoom into M15, take note.
Find your edge, make your system, stick to it.
  • #13,671
  • Nov 10, 2012 2:10am Nov 10, 2012 2:10am
Quoting Vantage
I got one of those "can it be done, trade for a living" messages someone getting retrenched. Of course it can be done but the mental stresses to trade live from the start are staggering. Anyway it reminded me of the story (I am assured NOT urban legend) of the guy that taught his nephew to trade, at the time an early teen. He was successful from the start. Now late teens apparently employed with his uncle at a private bank.

Their secret, a trend method they stick to religiously. Buy above/sell below 200 ema no, they have a different trend definition....
Welcome to this lovely thread vantage.
I know i have learnt lots from you in the S3 thread and i know many people will continue learning from you.
Its great to have so many pros in this all in one thread.

I also receiveced many PMs where people told me that its impossible to make cosistent money here in FX. They told me that all of us who are saying they making a living from FX are the biggest liars.
Sometimes i have no idea what to say to such people coz to me FX is the easiest profession ever.
I know when we all just start we have to endure the path but as times goes and if we on the right track then it gets easier and easier.
I know so many traders here in FF they start off and after few months they blow their accounts and leave.

When we get a job we we have a BOSS.
The boss give us a set of rules and boundaries thats not meant to be crossed, when we dont follow these rules we get a warning etc.
When we start FX we have no boss , we have now rules we have no boundaries..
we go trigger happy trying to catch every movement in the market.
Thats why we need to be disciplined
we need to set rules and boundaries for ourselves and follow it.

This makes me think what if this world had no laws , no boundaries set etc.
What would 95% of the population do ?
X-man the legendary conqueror of markets
  • #13,672
  • Nov 10, 2012 2:21am Nov 10, 2012 2:21am
Quoting loveevery1
Brother IMI....i know you are busy man...thanks for dropping by and shareing your views...i believe everyone in your family are doing good...I pray for them...I can see lot of new folks have become experts...but i also feel its getting noisy little bit at times...Some conversations are on and on and on...lol...I request everyone to settle with basic ones folks.it always works...and the if you calculate the winning/losing trades at the END...you will still stand at the same level...for example...a newbie comes and tries the basic setup...he gets...
LOL i agree.
All we have to do is eat.
Some of us here still want to plant the tree.
Arjun finish plant the tree , he finish do everything. We must just enjoy the fruits.
Thats all
X-man the legendary conqueror of markets
  • #13,673
  • Nov 10, 2012 2:25am Nov 10, 2012 2:25am
Quoting d.narrow
Master, it looks like a basic setup to me.. lol..

LOL i think you looking too much at charts
You need some time away LOL
X-man the legendary conqueror of markets
  • #13,674
  • Nov 10, 2012 2:27am Nov 10, 2012 2:27am
Quoting X-Man
Welcome to this lovely thread vantage.
I know i have learnt lots from you in the S3 thread and i know many people will continue learning from you.
Its great to have so many pros in this all in one thread.

I also receiveced many PMs where people told me that its impossible to make cosistent money here in FX. They told me that all of us who are saying they making a living from FX are the biggest liars.
Cheers X-Man
Yes this is really a wonderful place.

The biggest problem I think is people don't know what works and it takes ages to find out what doesn't (well at least thats what happened to me) as there is soooo much out there.

This thread, yours and a few others out there that are remarkably simple do work. The people that stumbled onto this thread as primarily a trend method have done themselves a massive favour and can shorten their learning curve dramatically.

Follow the trend. If CT do so with clear rules (and thats so much more than 1 indi on 1 TF).

For us what works yet again, its support and resistance and trend as without question the top 2 market influences. Engulfing closes are such easy set ups.

Heres my gu 15 min with fri's engulfing closes, pure pa arrows showing the engulfing closes. Makes it easy to focus in trend.
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  • #13,675
  • Nov 10, 2012 2:54am Nov 10, 2012 2:54am
Quoting Vantage
Cheers X-Man
Yes this is really a wonderful place.

The biggest problem I think is people don't know what works and it takes ages to find out what doesn't (well at least thats what happened to me) as there is soooo much out there.

This thread, yours and a few others out there that are remarkably simple do work. The people that stumbled onto this thread as primarily a trend method have done themselves a massive favour and can shorten their learning curve dramatically.

Follow the trend. If CT do so with clear rules (and thats so much more than...
I agree 100%
Most of my winning trades comes from following the trend.
My CT trades mostly end up at BE or losing trade.
So in the first place just have patience and go with the trend.
Arjun only told many noobs here to follow the Trend and that they must not even try CT trades.

You know now im just browsing ebay and theres 1000s od systems out there each 1 saying they can do this and that .
I see the most colourful ones with lots of indies are the hot sellers. so many eye catching adverts , so many videos telling the traders that all your worries will be over and you can make so many $1000s of dollars within a day.
Many traders will get caught up in this web while just a few will go past that web and see the light of the tunnel.
Some people make their living just by putting few indies together and sell the systems.
Its sad but true.
The most simplest stuff in FX are the most profitable
X-man the legendary conqueror of markets
  • #13,676
  • Nov 10, 2012 3:00am Nov 10, 2012 3:00am
Quoting X-Man
I agree 100%
Most of my winning trades comes from following the trend.
My CT trades mostly end up at BE or losing trade.
So in the first place just have patience and go with the trend.
Arjun only told many noobs here to follow the Trend and that they must not even try CT trades.

You know now im just browsing ebay and theres 1000s od systems out there each 1 saying they can do this and that .
I see the most colourful ones with lots of indies are the hot sellers. so many eye catching adverts , so many videos telling the traders that all...
Hey X-Man and Vantage..

Can you two keep gossiping? lol..I could sit here all day and listen to these conversations, very enlightening

X-Man any chance you will do a video?? or Vantage??
  • #13,677
  • Nov 10, 2012 3:10am Nov 10, 2012 3:10am
Quoting Ramjet
Hey X-Man and Vantage..

Can you two keep gossiping? lol..I could sit here all day and listen to these conversations, very enlightening

X-Man any chance you will do a video?? or Vantage??
LOL i know youve been asking me for that video lol and you not going to let me get away with it aint you ? haha
well what am i going to put on the video?
I dont know anything.
The only thing i know is how to copy and mimic arjun and the other good traders here.
I get into their train of thought. I try to see how they see things and i do that over and over.
thats all i do .
If i didnt meet these fellow traders then i wouldve never known how to trade at all.
Who will i copy then?
Im not that smart to come up with my own trading ideas.
X-man the legendary conqueror of markets
  • #13,678
  • Nov 10, 2012 3:16am Nov 10, 2012 3:16am
Quoting X-Man
LOL i know youve been asking me for that video lol and you not going to let me get away with it aint you ? haha
well what am i going to put on the video?
I dont know anything.
The only thing i know is how to copy and mimic arjun and the other good traders here.
I get into their train of thought. I try to see how they see things and i do that over and over.
thats all i do .
If i didnt meet these fellow traders then i wouldve never known how to trade at all.
Who will i copy then?
Im not that smart to come up with my own trading ideas.
awwwww!!!...can you make one up and show all the different scenarios...like for example today Arjun pointed out the retest of the 200ema..I seen it a few times before but really noticed it today after he mentioned it again..
and some touch examples on different pairs....
and different bars that may be effective..
and maybe a run down of top down of how you look for a trade through TF's and placement of S/R areas, TL's, etc....

I'm sure there's lots you could talk about but you don't realise it because you do it every day naturally ...pleeeease!!
  • #13,679
  • Nov 10, 2012 3:26am Nov 10, 2012 3:26am
Quoting thuac
Hi Emmanual7788,

Care to share the ratio of each TP you have taken in this trade?

Thanks you.

hi thuac,

not sure what you mean by ratio of each TP.
but I use R-Multiple...R being the Risk.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,680
  • Nov 10, 2012 3:29am Nov 10, 2012 3:29am
Quoting emmanuel7788
AUDJPY:

Here is a Candlesticks (CS) Pattern practice.
Try it.

Have a Good Trading Day.
Hi ya Emmanuel..

I didn't see the answer for this...unless I missed it but could I know what the answer was please..

Cheers,
Adrian
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