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Another simple system - Time-Frame 15

  • #14,261
  • Nov 15, 2012 1:02pm Nov 15, 2012 1:02pm
E/AUD H1 setup at RN, 800ema, Week 10ema, 4H 200 ema, ADR +RN
entry on M15 +20, +18
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Click to Enlarge Name: Greenshot_2012-11-15_13-54-44EAUDM15.png Size: 28 KB
If you're going through hell, keep going. Winston Churchill
  • #14,262
  • Nov 15, 2012 1:12pm Nov 15, 2012 1:12pm
I agree with your analysis... I love this thread.... I appreciate fellow traders time to reply to the posts.... It helps us understand when to trade and when not to.....

The detailed explanation below is exactly why this thread is unique and cannot be replicated or sold anywhere on this planet ...

Thanks brother for your time and advise.... Appreciate it.


Quoting ejiexe
I think you have to be careful when there is no enough room to 800ema.

The first arrow worked because there is enough room to 800ema. There is a RN above immediatelty after the pin that make it not too good.

The second arrow is a lossing trade to me.
The third arrow worked out though but should'nt have been taken because of 800ema ahead. Though it was a good bounce from RN but 800ema nulified the trade.

The fourth arrow is the perfect entry which give good 20 pips. Price is above 800ema and it is also a good bounce from 800ema plus RN. The signal...
If you want your dreams to come true, you better wake up !!!
  • #14,263
  • Nov 15, 2012 1:34pm Nov 15, 2012 1:34pm
Hi guys
I just want to say I had 2 day losing days.Reason of admission is most traders post their winning trades and the impression is created they never lose.
Well I prefer realistic honesty.
Yes sometimes you could have bad days but you regroup,write down reasons why and learn from them.Best lessons are from losing trades in my opinion because they teach what not to do.
Please pay attention to News.Markets now range unless there is NEWS to move.
My lesson learned? Don't trade Asian session if you can't get fast accurate news.I was short on UJ and news came out of Japan unexpected before I knew it things became ugly.
So decided just skip Asian session altogether.
Just wanted to share.Nobody is infallible.
In trading, you have to be defensive and aggressive at the same time
  • #14,264
  • Nov 15, 2012 2:13pm Nov 15, 2012 2:13pm
Quoting Davit
Hi guys
I just want to say I had 2 day losing days.Reason of admission is most traders post their winning trades and the impression is created they never lose.
Well I prefer realistic honesty.
Yes sometimes you could have bad days but you regroup,write down reasons why and learn from them.Best lessons are from losing trades in my opinion because they teach what not to do.
Please pay attention to News.Markets now range unless there is NEWS to move.
My lesson learned? Don't trade Asian session if you can't get fast accurate news.I was short on UJ...

The whole week is kind sad for me... But Its the way I learn things, hard way. When I loose, something triggers in my head, and I start thinking properly. cheers
  • #14,265
  • Nov 15, 2012 2:33pm Nov 15, 2012 2:33pm
Quoting Davit
Hi guys
I just want to say I had 2 day losing days.Reason of admission is most traders post their winning trades and the impression is created they never lose.
Well I prefer realistic honesty.
Yes sometimes you could have bad days but you regroup,write down reasons why and learn from them.Best lessons are from losing trades in my opinion because they teach what not to do.
Please pay attention to News.Markets now range unless there is NEWS to move.
My lesson learned? Don't trade Asian session if you can't get fast accurate news.I was short on UJ...

'preciate the honesty! You're doing good mate!
  • #14,266
  • Nov 15, 2012 4:19pm Nov 15, 2012 4:19pm
Quoting Sorenson
Hi All,

Was this the correct short entry on the USD/CAD?

Attachment
Thanks Zander and newride for your comments. My entry is on the red verticle line near the red arrow, anyway there goes my first trade. -20pips.

To live and learn to fight another day!!!
  • #14,267
  • Nov 15, 2012 4:34pm Nov 15, 2012 4:34pm
Quoting emmanuel7788
hello smarco,

I will prepare one specially for you my dear.

For others newbies here, please ask some questions or share with us here what are your difficulties in trading this simple method. I will then prepare some exercise for you to do.

Regards,
Good morning!

Friday has arrived (6.30 for you)

I have to wait a few hours... good night to me (23.30)

Bye bye guys
  • #14,268
  • Nov 15, 2012 4:37pm Nov 15, 2012 4:37pm
Quoting Davit
Hi guys
I just want to say I had 2 day losing days.Reason of admission is most traders post their winning trades and the impression is created they never lose.
Well I prefer realistic honesty.
Yes sometimes you could have bad days but you regroup,write down reasons why and learn from them.Best lessons are from losing trades in my opinion because they teach what not to do.
Please pay attention to News.Markets now range unless there is NEWS to move.
My lesson learned? Don't trade Asian session if you can't get fast accurate news.I was short on...
Davit You open your heart and pass everything you know to us .I appreciate the posts, knowledge desire and honesty. I believe your abilities as an artist combined with your desire will make you an exceptional trader. About losing........I have been losing for a long time. But I also know that I am improving and learning and moving forward.I also know you are moving forward also by gaining knowledge everyday. It takes time to put that knowledge into trading profits in a disciplined way.....
  • #14,269
  • Nov 15, 2012 5:02pm Nov 15, 2012 5:02pm
Quoting Davit
Hi guys
I just want to say I had 2 day losing days.Reason of admission is most traders post their winning trades and the impression is created they never lose.
Well I prefer realistic honesty.
Yes sometimes you could have bad days but you regroup,write down reasons why and learn from them.Best lessons are from losing trades in my opinion because they teach what not to do.
Please pay attention to News.Markets now range unless there is NEWS to move.
My lesson learned? Don't trade Asian session if you can't get fast accurate news.I was short on...
Arjun always says trade the London times first couple HRS of U.S.He always warned us trading against 200 EMA and trading between 800 EMA and 200EMA. He warned us about 5 min charts.Arjun,Emmanuel and other great traders always warned us about waiting bars close in 10 Ema before taking trades. He always says 10-12 pips is enough for me. When I don't listen these rules I keep losing. The more I lose, the more pain . Slowly, I am trying to grasp these concepts and I try to apply these into my trading and I feel like I am moving forward..
  • #14,270
  • Nov 15, 2012 5:05pm Nov 15, 2012 5:05pm
Quoting Helee
Hi,
I am getting confuse, what is important, is the 10 ema on HTF or the 50, 200 and 800 of those HTF?
thx for thr support.
Hi Helee,

Sorry for the slow response. The entry for that trade was based on the 10EMA from M15. Both charts are M15. I don't often use the other MAs unless they are lining up with S/R areas that I've already drawn in. They work just as well, but the price obviously hangs around the 10EMA a lot more than any of the others, so it's the 10 that provides the most signals. Any other questions, just send them my way. I'll do my best to get to them!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,271
  • Nov 15, 2012 5:17pm Nov 15, 2012 5:17pm
Quoting By_Tor2114
Did anyone take this today? It's one of my ideal setups, but I got bored during LO and started watching YouTube videos. I missed out and refused to chase it.

Notice how the top on the zoomed out image lines up with the low on the left hand side. When you zoom in, you can see a tastey bearish engulfing bar coming right of the S/R line and closing below the 10.

Also, did anyone take the G/J pin that formed on the RN a couple of bars back? Again, YouTube stole my pips...
Hi By_Tor2114,

Could you share with me this indicator on your right where you see on one screen other timeframes? I was looking on this thread but I couldn.t find.

Thank You for your posts
  • #14,272
  • Nov 15, 2012 5:27pm Nov 15, 2012 5:27pm
Quoting fxbloom
Hi By_Tor2114,

Could you share with me this indicator on your right where you see on one screen other timeframes? I was looking on this thread but I couldn.t find.

Thank You for your posts
Hi Fxbloom,

Here is the link to where you can find it, plus the instructions on how to install it, as I think there is a font file you also need to install in order to make it work: http://www.pipware.com/software/mini-charts.html
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,273
  • Nov 15, 2012 5:31pm Nov 15, 2012 5:31pm
itching my finger..

come on Asian market...
  • #14,274
  • Nov 15, 2012 5:34pm Nov 15, 2012 5:34pm
Quoting By_Tor2114
Hi Fxbloom,

Here is the link to where you can find it, plus the instructions on how to install it, as I think there is a font file you also need to install in order to make it work: http://www.pipware.com/software/mini-charts.html
THANK YOU!!!!!!
  • #14,275
  • Nov 15, 2012 6:06pm Nov 15, 2012 6:06pm
Hi, could someone comment my trendlines? Is everything correct? What can I add here?
EU H1
Attached Image (click to enlarge)
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  • #14,276
  • Nov 15, 2012 6:55pm Nov 15, 2012 6:55pm
Awesome detailed explanation by our sister Assange to teach all of us .......

Whosoever read the whole thread would know when to trade and how to avoid losses .....

Read the thread, how difficult it can be?

Reading better then taking losses anytime ....

Thanks Assange for your dedication and help....

Quoting Assange
continue from above Brother....


Last moment and the final Chart for you to think about this System really hard.

Two trade after NYO , with 2 loss.

Find in this thread the answer to this. You will minimise the above low probability trades.


Love

Assange
If you want your dreams to come true, you better wake up !!!
  • #14,277
  • Nov 15, 2012 8:07pm Nov 15, 2012 8:07pm
MT4 Periodicity:


Quoting Metalman
Dear Emmanuel7788

U have helped me in the past also for which I m thankful.

This time I m writing to u to know if we can have facility of viewing other TFs. I mean 15m,30m,1h,4h,1d week etc. r available on MT4, but if we want to see TFs like 2h,6h,12h etc. how can we see that. I know it may be difficult but if u have knowledge of this, please tell me, should be very much useful in analysing charts better.

Hi Metalman,
Sorry that I missed your post. Too many things happening this week and I am lagging behind reading all the post and catching up with you guys.

The standard MT4 do not support those TFs like 2H,6H,12H ... other that what is already build-in under Periodicity.

In the forum Platform Tech is something which you may be looking for:
http://www.forexfactory.com/showthread.php?t=206301


Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,278
  • Nov 15, 2012 8:19pm Nov 15, 2012 8:19pm
Quoting Davit
Hi guys
I just want to say I had 2 day losing days.Reason of admission is most traders post their winning trades and the impression is created they never lose.
Well I prefer realistic honesty.
Yes sometimes you could have bad days but you regroup,write down reasons why and learn from them.Best lessons are from losing trades in my opinion because they teach what not to do.
Please pay attention to News.Markets now range unless there is NEWS to move.
My lesson learned? Don't trade Asian session if you can't get fast accurate news.I was...
Quoting Trader330
Arjun always says trade the London times first couple HRS of U.S.He always warned us trading against 200 EMA and trading between 800 EMA and 200EMA. He warned us about 5 min charts.Arjun,Emmanuel and other great traders always warned us about waiting bars close in 10 Ema before taking trades. He always says 10-12 pips is enough for me. When I don't listen these rules I keep losing. The more I lose, the more pain . Slowly, I am trying to grasp these concepts and I try to apply...
First post I read recently when I open this thread. Maybe for others, these posts are just common words, but it touched me much Brothers!
Let's focus on study and learn from this thread, and let's just put aside, things that bother us for the last few days on this thread.
We are only human, and because we're human, we always have things to bother us everyday. Let's move on, and let's put our trust in GOD. Because of HIS kindness, HE gathered us here to meet and help each other. Love you all Brothers and Sisters!

Back to early pages of this thread to learn and study
  • #14,279
  • Nov 15, 2012 8:32pm Nov 15, 2012 8:32pm
Quoting Davit
Hi guys
I just want to say I had 2 day losing days.Reason of admission is most traders post their winning trades and the impression is created they never lose.
Well I prefer realistic honesty.
Yes sometimes you could have bad days but you regroup,write down reasons why and learn from them.Best lessons are from losing trades in my opinion because they teach what not to do.
Please pay attention to News.Markets now range unless there is NEWS to move.
My lesson learned? Don't trade Asian session if you can't get fast accurate news.I was short on UJ...

Hello Davit,

I was once in that situation, then i realise that one of the most difficult things I have to come to terms with as traders, is to be honest about my current situation.

Once we can do that, then comes acknowledgment, acceptance (responsibility), and then hopefully a course correction.

It was rough at first as I constantly made mistake after mistake after mistake, but over time I found myself making less and less.

After a four months of sticking with Arjun approach I could feel myself slowly improving and becoming a more efficient trader.

The rest is just history.

I wish you all the best to you in your trading

Sincerely Gibril
  • #14,280
  • Edited 9:05pm Nov 15, 2012 8:51pm | Edited 9:05pm
Short Note for me to share my trading secret . . .......


1. Most of the time, my BEST POSITION is to do nothing.

2. If I see a trade that does not meet Arjun method and rules, I do nothing.

3. I am a trend trader and when I see a counter trend set-up, I do nothing. ( maybe i will learn this in future.....i don't know)

4. Once I enter the market and have set the stops and profit targets, from there, I walk away and do nothing.


5. If I find disoriented or confused, do nothing – that is, I don't place any trades.

6. Actual fact is.....in trading, I spend most of my time doing nothing ( waiting for the right moment to enter a trade)

7. Trading is a game of patience and that patience is lucratively rewarded. ( Learn it from Arjun)


TWO Charts attached.........similar with some twist on how you look at Chart.

Have a Great trading days...


giBriL
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