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Another simple system - Time-Frame 15

  • #14,161
  • Nov 15, 2012 2:23am Nov 15, 2012 2:23am
Quoting rober159
spike confirmed, it was around 19:00 just around the time of FOMC minutes were released

http://www.businessweek.com/news/201...-additional-qe
thank you.
If ask a silly question.. forgive me!i'm just confused again!
  • #14,162
  • Nov 15, 2012 2:30am Nov 15, 2012 2:30am
Quoting Ciara
GJ setup, Hourly Bars

ADRH reached, SL moved below the BRN, TP next RN , - > also a CT short entry (RN above the ADRH) small pips SL

, Ciara
morning Ciara BRN= x x x round number?
below?
If ask a silly question.. forgive me!i'm just confused again!
  • #14,163
  • Edited 2:33am Nov 15, 2012 2:32am | Edited 2:33am
Quoting afos
morning Ciara BRN= x x x round number?
below?
Hi fellow cat trader,

yes.

Have a great trading day!
Ideas shape the course of history
  • #14,164
  • Nov 15, 2012 2:37am Nov 15, 2012 2:37am
The SECRET of indicators!!

I'll add my 2c of insight to the conversation if i may :-) this discussion has been building for a while :-). There are fantastic traders here, and great contributors, it is a great family, this is not directed towards anyone, just my insights from years of trading, something for us to contemplate :-)

The secret of indicators is that they ALL WORK!

BUT!!

and its a very big but!

you have to know HOW to use each one, their idiosyncracies, the timeframe,entry and exit rules. They work when used in a PARTICULAR WAY. (eg we use MAs but in a very particular way, not as MA typically used). To use them properly you need the same FOCUS and depth as we apply to Arjun's system (I have 19 CDs JUST on the RSI!!). Does their proper use fit with Arjun's method?

You can use: MA, RSI, Pivots, bollinger, MACD, STO, Elliot wave, fib retrace, fib extn, TDI, candles/ s/r patterns etc

You can fill the whole page with TP targets, S/R, entries every 5-10 pips!!! You will psych yourself out and TP size will decrease. The mkt recongnises most of them for a few mins/5-10 pip then moves on

LESS IS MORE!

One of the greatest traders on the biggest thread in FF (fti- TAF) esposed 'naked' trading - NO indicators, only candles, not even stops (I'm not saying go this far :-))
This will free up your trading, u will be less constricted

Arjun with great wisdom has chosen for us:
1. Candles - close to the actual price action, no delay, clean signals
2. MAs - Trend direction up, down or sideways
3. Entry trigger - Was TDI, now candles
4. S/R and exit - RN, BRN, ADRange, MA rejection

Be mindful of higher TF TLines, S/R, fib retracements, fib extns (if trading higher TF), prev day hi/lo etc

but imo think carefully before you add too much more. It will work, but will it improve the trade expectancy (and in emm's terminology) the R1 return
:-)
p


Quoting jordfx
Don't feel so bad, Pkimnyc!
You've been a real help to some( and especially Winwinfx! lol!)
I understand what Assange is trying to achieve. (Not to confuse Newbies), which is highly desirable and commendable!
We are all ccoming from so many different trading backgrounds and experiences, and there really is no 'right' or 'wrong',
just different methods, strategies and ways of achieving the same result! Even Gibril uses Pivots, Fibs, etc. I know Arjun doesn't,
So the issue is really more about not confusing Newbies and helping struggling traders than...
  • #14,165
  • Nov 15, 2012 2:42am Nov 15, 2012 2:42am
Hi everyone, at first thank you Master Arjun for your effort and patience. I would like also to thanks other pro traders here - from each of you, we, newbies can learn diffrent detail of this system. It's beautiful, thank you.

Could someone tell me how can I show my trades on chart so I can also be a part of this thread?

laud
  • #14,166
  • Nov 15, 2012 2:48am Nov 15, 2012 2:48am
Another potential CT trade entry. EJ next RN above the ADRH. TP ADRH.

Ciara
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Ideas shape the course of history
  • #14,167
  • Nov 15, 2012 2:59am Nov 15, 2012 2:59am
Quoting laud
Hi everyone, at first thank you Master Arjun for your effort and patience. I would like also to thanks other pro traders here - from each of you, we, newbies can learn diffrent detail of this system. It's beautiful, thank you.

Could someone tell me how can I show my trades on chart so I can also be a part of this thread?

laud
Hi Laud, welcome to the thread,
To show your trade on a chart - click on your trade displayed in the terminal & just drag & drop onto your chart

Julie
  • #14,168
  • Nov 15, 2012 2:59am Nov 15, 2012 2:59am
GU Hourly setup. Break BELOW the yellow rectangle is an entry. TP1 next RN, TP 2 ADRL, SL 18 pips.

Ciara
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Ideas shape the course of history
  • #14,169
  • Nov 15, 2012 3:00am Nov 15, 2012 3:00am
Quoting Ciara
Another potential CT trade entry. EJ next RN above the ADRH. TP ADRH.

Ciara
Also on AJ GL
  • #14,170
  • Nov 15, 2012 3:00am Nov 15, 2012 3:00am
Quoting laud
Hi everyone, at first thank you Master Arjun for your effort and patience. I would like also to thanks other pro traders here - from each of you, we, newbies can learn diffrent detail of this system. It's beautiful, thank you.

Could someone tell me how can I show my trades on chart so I can also be a part of this thread?

laud
Welcome!
To answer your question.
After the trade is closed click on it in account history and drag and drop on the chart.After just right click and save as a picture.
Use upload feature to upload.
This is assuming you are using Meta trader.
In trading, you have to be defensive and aggressive at the same time
  • #14,171
  • Nov 15, 2012 3:11am Nov 15, 2012 3:11am
Long on Euro after retest of 10Ema SL at BE and will TP just before 800ema GL all
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  • #14,172
  • Nov 15, 2012 3:20am Nov 15, 2012 3:20am
Quoting josh11
Long on Euro after retest of 10Ema SL at BE and will TP just before 800ema GL all
Closed my Euro +8
  • #14,173
  • Nov 15, 2012 3:22am Nov 15, 2012 3:22am
Julie and Davit thank you for the quick reply.

Taking opportunity, if someone of pro traders can comment my yesterdays quite interesting trades on EJ and GJ.

CT, and the reasons were: first touch of EMA800, and price cannot closed above it on EJ, on GJ was bounce of RN and close to reach ADR on both.

Additional reason was that this pairs are correlated.

Took 20 on each.
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  • #14,174
  • Edited 3:43am Nov 15, 2012 3:24am | Edited 3:43am
Anybody short GU?
It seems to wait Retail Sales News which will come out in the next couple minutes to move :d

--------
Edited 5 minutes after UK Retail Sales News :
As expected, this text book entry trade is working nice. Price went down. I'm still watching closely this trade. Short @1.5845, moved SL to BEP.
Final :
LOL...closed @ BEP. will look other opportunity, the trade just now I took was simply a test, how this strategy fight with news.
And it did prove, it's a news-proof strategy Thanks to LE 1. next post I will post my last night's trade on EU, was also to test this strategy againts news
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  • #14,175
  • Nov 15, 2012 3:37am Nov 15, 2012 3:37am
EJ M15, today...

The same situation as yesterday... I wonder why I did not take it
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RevarK
  • #14,176
  • Nov 15, 2012 3:39am Nov 15, 2012 3:39am
Euro hit daily 10ema let see if it will bounce?
  • #14,177
  • Nov 15, 2012 3:42am Nov 15, 2012 3:42am
Quoting josh11
Euro hit daily 10ema let see if it will bounce?
keeo us posted as i'm wondering if its too late to ride this train up
  • #14,178
  • Nov 15, 2012 3:49am Nov 15, 2012 3:49am
Quoting emmanuel7788
you mean this!
there are lessons from history.
chart history can be 'predictive'.

This is valuable post. MUST READ POST

It was posted less than 30 hours ago

Emmanuel.........Im borrowing your Chart for illustration. ( hope it's okey)

Few hours after this post.the EXACT SET UP happen to EJ.

I think everyone who read Emmanual post made a very good pips yesterday and today.

Because the price of ignoring this post is 230 pips.

Emmanuel... you are a Great Teacher and Trader. You prove " Less is more"

Thank You for helping us all to learn.



Assange
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We are in control of our destiny but have no control over our fate.
  • #14,179
  • Nov 15, 2012 3:53am Nov 15, 2012 3:53am
Update on audcad trade posted earlier.
Up +25 pips, sl moved to +10pips, price currently at adr low, targeting brn below. NICE PAIR!
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  • #14,180
  • Nov 15, 2012 3:56am Nov 15, 2012 3:56am
A/U just left 10 ema after confirmation at 30 min chart adr low = target
agreed?
If ask a silly question.. forgive me!i'm just confused again!
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