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Another simple system - Time-Frame 15

  • #14,001
  • Nov 14, 2012 3:22am Nov 14, 2012 3:22am
Quoting Awakening
Hi Brothers and Sisters, anyone have a thinking about this GU?
I really can not see its possibility to run, north or south.
From a moment I thought It went up to test RN @ 1.5900, but somehow, it seems loosing its power. May be GU need power from upcoming news in the next 12 minutes. Thanks.

Bearish HTF. And macro pending..Had one loser here earlier. All chop and range.
Not touching this now until we get a better setup.

Ciara
Ideas shape the course of history
  • #14,002
  • Nov 14, 2012 3:23am Nov 14, 2012 3:23am
I had one small "grab and run" this morning
Attached Image (click to enlarge)
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  • #14,003
  • Nov 14, 2012 3:23am Nov 14, 2012 3:23am
Quoting jordfx
Emmanuel! I'm really surprised you took that trade! Remember you once scoffed at a trade I took saying..
..."selling into support is why many traders fail.
same for those who buy into resistance.Fundamental of trading is:
BUY LOW
SELL HIGH.
easy to say, but how to do?"...

So why now this trade??????
Hi Jordfx,

Even a pro trader can make mistakes. This should lead us, all newcomers in this field of trading, to conclude that we are human beings exposed to mistakes. The market has no mercy. We must calculate every single step in order to 1) preserve the account and 2) be consistent.
His honest post showing us a loss is a warning, kind of "watch your steps!".
Thank you Emmanuel for reminding how much exposed we are!
  • #14,004
  • Nov 14, 2012 3:25am Nov 14, 2012 3:25am
Quoting jordfx
Emmanuel! I'm really surprised you took that trade! Remember you once scoffed at a trade I took saying..
..."selling into support is why many traders fail.
same for those who buy into resistance.Fundamental of trading is:
BUY LOW
SELL HIGH.
easy to say, but how to do?"...

So why now this trade??????

you learned well jordfx. LOL.
but that was not scoffing at you. you took that wrongly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,005
  • Nov 14, 2012 3:27am Nov 14, 2012 3:27am
Its important to keep fundies in our trading.
Sudden spike (massive spike) in UJ and AJ got me thinking why.Here is the answer

USD/JPY is shooting higher ahead of London session after reports coming out of Tokyo suggest that Japan Prime Minister Mr. Noda plans to hold lower-house elections on December 16.

The news has not married well with the Yen, which is losing value across the board. As Caroline Hyde, Markets Reporter at BloombergTV, notes: "Yen weakening after PM Noda says will dissolve parliament Nov. 16 if Liberal Democratic Party meet conditions including electoral reform."

USD/JPY, in particular, has broken through 79.60 static resistance to peak at the 79.80 neighborhood, where November 7 low, is now acting as area to take profits for longs while some sellers take a chance to also sell on strength. Former-resistance-turned-support at 79.60 should act as an area of value to 'buy on dips' as we move into the European session.

Both UJ and AJ are extremely overbought....something to watch.
In trading, you have to be defensive and aggressive at the same time
  • #14,006
  • Nov 14, 2012 3:30am Nov 14, 2012 3:30am
4hr G/J hitting 200ema and 50ema!! keep an eye on it
  • #14,007
  • Nov 14, 2012 3:33am Nov 14, 2012 3:33am
Quoting Ciara
Bearish HTF. And macro pending..Had one loser here earlier. All chop and range.
Not touching this now until we get a better setup.

Ciara
-- second that bold sentences above Sister!
The market seems to wait for BOE Inflation Report.....
I'm actually waiting for the Synergy APB Candle to close outside the triangle trendline
  • #14,008
  • Nov 14, 2012 3:38am Nov 14, 2012 3:38am
Quoting Gibril
JJ............. borrowing your words...........

It's better to wait for everything to line up and take a high probability trade than to risk your money on sub par set-ups.


I'm giving simple example to show typical trade set up from Arjun method. ( for the Chart attached)

This is basic rules.

1. Below 200 EMA (15M), below 50EMA (60M), below 10EMA (4Hr) looking for short.

2. Mark the resistance area on 4hr and 1 hr.

3. On 1 Hr, it's triple top and railway tracks. wait for the price to drop...
Great wrk
  • #14,009
  • Nov 14, 2012 3:39am Nov 14, 2012 3:39am
GBP/CHF short: +14 (not a pair i normally trade - but was looking at various pairs as nothing was setting up on the majors)

Entry: 1.5030
Exit: 1.5016
Attached Image (click to enlarge)
Click to Enlarge Name: 14nov2012_gchf.jpg Size: 214 KB
  • #14,010
  • Nov 14, 2012 3:47am Nov 14, 2012 3:47am
Quoting aryary
GBP/CHF short: +14 (not a pair i normally trade - but was looking at various pairs as nothing was setting up on the majors)

Entry: 1.5030
Exit: 1.5016
Hi Aryary
I always look forward to your analysis screens
Keep it up
  • #14,011
  • Nov 14, 2012 3:51am Nov 14, 2012 3:51am
I hate when this happens
Attached Image (click to enlarge)
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What is any ocean but a multitude of drops?
  • #14,012
  • Nov 14, 2012 3:56am Nov 14, 2012 3:56am
Does anyone is trading AJ its hit it ADR and I am also seeing divergence!

sold with small stop lets see what happens GL all
  • #14,013
  • Nov 14, 2012 4:05am Nov 14, 2012 4:05am
Quoting josh11
Does anyone is trading AJ its hit it ADR and I am also seeing divergence!

sold with small stop lets see what happens GL all
keep an eye on the ascending triangle on aussie
  • #14,014
  • Nov 14, 2012 4:06am Nov 14, 2012 4:06am
Quoting josh11
Does anyone is trading AJ its hit it ADR and I am also seeing divergence!

sold with small stop lets see what happens GL all
interesting
im using GMT offset and ADR 5 , so it has not hit for me yet
UJ and EJ (just) have it
good luck
  • #14,015
  • Nov 14, 2012 4:08am Nov 14, 2012 4:08am
Hi,
Is there any indicator to mark the trend lines.
Regards.
  • #14,016
  • Nov 14, 2012 4:19am Nov 14, 2012 4:19am
Quoting Xhale12
I hate when this happens
There were some comments coming through during this chop - maybe keep this link running in background - very good to keep you out of trouble when not expecting it!

http://fxknight.talking-forex.com/live.html

You can have compact view or just minimise on your desktop so you only get audio when required.

see pdf on how it looks...u can adjust accordingly

i know many do not consider news to be important, but the above maybe useful for some.
Attached File(s)
File Type: pdf Screen clipping taken 14112012 1009.pdf   188 KB | 557 downloads
  • #14,017
  • Nov 14, 2012 4:19am Nov 14, 2012 4:19am
Quoting Xhale12
I hate when this happens
Yo Xhale12 look at GJ
  • #14,018
  • Nov 14, 2012 4:24am Nov 14, 2012 4:24am
Chart from AJ
Attached Image (click to enlarge)
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  • #14,019
  • Nov 14, 2012 4:37am Nov 14, 2012 4:37am
G/J hit 4h 200ema and 50ema Sold on this reject candle SL at BE
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  • #14,020
  • Nov 14, 2012 4:39am Nov 14, 2012 4:39am
Quoting hubby7
Yo Xhale12 look at GJ
Attached Image (click to enlarge)
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