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Another simple system - Time-Frame 15

  • #14,181
  • Nov 15, 2012 3:56am Nov 15, 2012 3:56am
Last night there was FOMC Meeting Minutes News. It was a tempting to trade.
The previous history of EU vs EMA 800 was not so "friendly". They "met", but then they "walk away" each other (bouncing).
There was buy setup just about 1 hour before news, but I didn't like it as it faced RN @1.2750 and EMA 800 ahead.
When the news came out, I confess, I was very tempted to Buy looking at how fast the price went up. But I kept saying to myself, there's EMA 800 ahead, don't do it... don't do it... stay away your fingers from your mouse, move away your sight to chart and watch back your movie (Lol.. I was watching "Lawless" movie that time). And the 15 minutes tempting over, the candle made its rejection, the next two candle close below RN, and that was my time to hit Sell Button.

Lesson from this one : Don't mess around with EMA 800, it is your time to watch movie, not your chart (but don't blame me for the recent trades I took, the first was BEP and the second only +7 pips. I know that heading RN and EMA 800. But what can I do? I did hoped the price to bounce EMA 800 again and the most important, I didn't have any movie to watch this time.. LOL...)
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  • #14,182
  • Nov 15, 2012 4:09am Nov 15, 2012 4:09am
Quoting Awakening
Last night there was FOMC Meeting Minutes News. It was a tempting to trade.
The previous history of EU vs EMA 800 was not so "friendly". They "met", but then they "walk away" each other (bouncing).
There was buy setup just about 1 hour before news, but I didn't like it as it faced RN @1.2750 and EMA 800 ahead.
When the news came out, I confess, I was very tempted to Buy looking at how fast the price went up. But I kept saying to myself, there's EMA 800 ahead, don't do it... don't do it... stay away your fingers from your mouse, move away...
looks like good i idea to sell then....
  • #14,183
  • Nov 15, 2012 4:10am Nov 15, 2012 4:10am
AUD 1 HR

Aud has just broken the white 4hrly TL AND RN, below all the MA

Watch price action on retest of RN 10MA and TL
P
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  • #14,184
  • Nov 15, 2012 4:11am Nov 15, 2012 4:11am
Quoting jordfx
Update on audcad trade posted earlier.
Up +25 pips, sl moved to +10pips, price currently at adr low, targeting brn below. NICE PAIR!
Perfect trade Jord
What is any ocean but a multitude of drops?
  • #14,185
  • Nov 15, 2012 4:14am Nov 15, 2012 4:14am
Quoting Assange
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...
Thank you sister. I found one. lol.

Today's newbie trade.
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Find your edge, make your system, stick to it.
  • #14,186
  • Nov 15, 2012 4:15am Nov 15, 2012 4:15am
Quoting Assange
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...

Hello Assange,

i am bit confused, i might be missing something but the what you marked with 123 numbers is not what Emmanuel described - 3rd candle is not an outside bar and it doesnt have greater range than candle 1
  • #14,187
  • Nov 15, 2012 4:17am Nov 15, 2012 4:17am
hi everybody,
at first iam an absolutely newbie and not the greatest contributor (still reading).
i have undo my "privat"/"no private" vote, because i have to think more about this.....(@ xhale you are right...most newbies vote "no private", and their is a good reason for that)

i hope this voting last a couple of hours or maybe a day.

my first vote was pure emmotional...because i have my own experiences with "private" things, not in forex... more in social manner....i have to read todays post carefuly again and make a decision.


best wishes and greetings to all


p.s.: this great thread always reminds me to "The Allegory of the Cave".if you are interested please read...
  • #14,188
  • Nov 15, 2012 4:22am Nov 15, 2012 4:22am
cant post chart computer is playing up but enter on the bounce of daily 10ema with a 6 pip SL took half of when it hit 15min 10ema rest at BE GL done for the day
  • #14,189
  • Nov 15, 2012 4:27am Nov 15, 2012 4:27am
Quoting Xhale12
Perfect trade Jord
Thanks Xhale! I'm still trying to learn!
  • #14,190
  • Edited 5:03am Nov 15, 2012 4:33am | Edited 5:03am
Many post by Arjun and other contributors addresss this

Good example on Price Action with EMA.


WHY..............It has been answered previously.

Everyone in this thread knows WHY......No point of repeating it again.



Assange
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We are in control of our destiny but have no control over our fate.
  • #14,191
  • Nov 15, 2012 4:34am Nov 15, 2012 4:34am
AUD/USD: +15 (classic Arjun setup - page 1 with TDi !....- not really been looking at TDi but did here)

Entry: 1.0349
Exit: 1.0334 (took just before support & 200ema)
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  • #14,192
  • Nov 15, 2012 4:49am Nov 15, 2012 4:49am
[quote=Assange;6196953]HOW DO YOU CHOOSE WHICH PAIRS TO TRADE EVERYDAY ( Still Continue)

Trade 3, is another bounce continue from previous day. Of all, this is the most SEXIEST set up. This kind of set up mentioned by Arjun , that he will put everything to be in this position.

Wow , I never think that set up could be SEXY . In any case not so sexy as you .
Thanks for good charts , really useful .
  • #14,193
  • Nov 15, 2012 4:58am Nov 15, 2012 4:58am
A/j 1 hr ct
off rn 8400
lower to 10 ema?

Its a short countertrade but risky as jpy is very weak

how dangerous is it?
7 pip sl!
If ask a silly question.. forgive me!i'm just confused again!
  • #14,194
  • Nov 15, 2012 5:01am Nov 15, 2012 5:01am
Quoting tonny47
Hello Assange,

i am bit confused, i might be missing something but the what you marked with 123 numbers is not what Emmanuel described - 3rd candle is not an outside bar and it doesnt have greater range than candle 1

Hi Tonny.....

Good question and observation.

Good for you to point that out.

I post 15M chart overlay with 240M Candle to show comparison and effect.

Sometimes, it's difficult to find PERFECT SET UP. Same with system...even there is no perfect system.

We have to use a bit of Discretion to evaluate what price is doing in conjuction with EMAs

This is where the Art of suiting action to particular circumstances. I took this trade ( see my previous post).

Based on 4 HR SET UP and narrow down to 15M TF to find trigger candle and for exact entry.

The marked Yellow arrow is the trigger. Price already tested the 200EMA ( 15M) and above the previous 4Hr Candle ( marked 3)


About the Pop Gun...YES you're right, I didn't give a PERFECT EXAMPLE. ( missed by 1 pips )


The PopGun ( or almost similar to it) is my SET UP. I have to use

Definition: The Popgun is a two-bar pattern composed of an outside bar preceded by an inside bar.
An outside bar occurs when the range of a bar encompasses the previous bar and an inside bar is a price bar whose range is encompassed by the previous bar.




Assange
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We are in control of our destiny but have no control over our fate.
  • #14,195
  • Nov 15, 2012 5:06am Nov 15, 2012 5:06am
Quoting afos
A/j 1 hr ct
off rn 8400
lower to 10 ema?

Its a short countertrade but risky as jpy is very weak

how dangerous is it?
7 pip sl!
try to post charts, i find it difficult to gather an idea without seeing a picture, just a suggestion

zander
  • #14,196
  • Nov 15, 2012 5:13am Nov 15, 2012 5:13am
Quoting Assange
Hi Tonny.....

Good question and observation.

Good for you to point that out.

I post 15M chart overlay with 240M Candle to show comparison and effect.

Sometimes, it's difficult to find PERFECT SET UP. Same with system...even there is no perfect system.

We have to use a bit of Discretion to evaluate what price is doing in conjuction with EMAs

This is where the Art of suiting action to particular circumstances. I took this trade ( see my previous post).

Based on 4 HR SET UP and narrow...


great, thanks for the explanation. really like how you showed it in the 15 min chart, i didnt think about it that way. very helpful, thanks again
  • #14,197
  • Nov 15, 2012 5:15am Nov 15, 2012 5:15am
Quoting peetee09
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!!...
Great post. We could not rely on any indicator blindly. Instead, we have to understand what's the meaning of the indicator and how to use it properly. Indicators are helpful but they're just tools to assist us to make a decision. Like Arjun said, the super important role is our brains.
Find your edge, make your system, stick to it.
  • #14,198
  • Nov 15, 2012 5:32am Nov 15, 2012 5:32am
I ve done trading for the weeks few hours ago.

Helping to Arjun to see this thread is where it is used to be.........

HELPING OTHERS TO TRADE AND UNDERSTANDING WHY TRADES WERE TAKEN.

Since I see no other question or anyone interested to discuss on how to LOOK for which pairs to trade Intradays...... ...

I'm signing off now........

Thank You Brother Arjun keeping this thread strong and objective.

Knowing you too SHY to tell others that some post are not in context with orignal your set up. You're very humble person,

Most of traders using Arjun's Method WILL make money.....living proof Gibril.. (what education level he had ?)

When you make money...please don't forget to feed the poor, help the needy.

If you don't make money yet, stick to this thread. Learn and participate.

10 months ago... most of you earn more than Gibril. His nett monthly income was USD580

Today you just add two zero at the back of that figure. That's what he made every two weeks.

Half of that goes to Charity......

Hope you will do the same.......

Have a Great Trading Days and Happy weekends ( my weekends start early)



Assange
Attached Image
We are in control of our destiny but have no control over our fate.
  • #14,199
  • Nov 15, 2012 5:52am Nov 15, 2012 5:52am
London trades. Had another on GJ... shorted at h1 supply zone. Didn't move much, closed for 4. Will short again if we reach ADR. These should all be self-explanatory. Standard setups.

See you folks tomorrow.
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What is any ocean but a multitude of drops?
  • #14,200
  • Nov 15, 2012 5:59am Nov 15, 2012 5:59am
Quoting Xhale12
London trades. Had another on GJ... shorted at h1 supply zone. Didn't move much, closed for 4. Will short again if we reach ADR. These should all be self-explanatory. Standard setups.

See you folks tomorrow.
some very good trades well done mate
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