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Another simple system - Time-Frame 15

  • #14,361
  • Nov 16, 2012 2:07am Nov 16, 2012 2:07am
Hey, Hey HEY
wheres the 200Ema playing today?
  • #14,362
  • Nov 16, 2012 2:08am Nov 16, 2012 2:08am
Quoting Ramjet
Hi ya Gibril..

Sorry for asking a bit more of this question but could you please draw a picture explaining this as the picture I've added shows a re-touch with a nice down move of 10ema..
Sorry for asking of this but I keep getting Emmanuels answers wrong and now I'm getting yours wrong, feeling a bit lost here

Cheers,
Adrian

Hi,

changing your chart candle colours may help. LOL.
colour do influence your brain waves.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,363
  • Nov 16, 2012 2:09am Nov 16, 2012 2:09am
Quoting emmanuel7788
Hi,

changing your chart candle colours may help. LOL.
colour do influence your brain waves.

regards,
hellooo emmanuel good day coming i hope...
  • #14,364
  • Nov 16, 2012 2:10am Nov 16, 2012 2:10am
Quoting orko_555
[left][left]2) Identify your Daily TARGET.
[font=Calibri]Another way to decrease emotional stress is to set a daily target. You need to set up a kind of limit, let’s say 20 pips a day, and as soon as you make these 20 pips you close your terminal and forget about it till next trading day. This kind of approach can be very useful, because you limit your time in front of the charts, thus you reduce emotional pressure. Besides profit limits you should also have limits...
Hey Orko I have a few thoughts on this.

I used to use a daily target but I don't anymore. I found it was not a good idea for me. It caused me to feel like I "needed" to make a certain amount of money everyday. If I didn't meet that target I would force trades in an effort to do so. I would also close out trades way too early once I met my target and lost a lot of pips because of it.

Now the loss limit I agree with 100%. For the same reason. If I lost a certain amount I felt I needed to force trades in order to make up for it before I went to bed.

Just my experiences. Things like this should should be tailored to an individuals certain tendencies and flaws. Certain people would greatly benefit from a set target each day, I was just not one of them though. Your a smart man and are very well written. Please keep sharing your thoughts! I think discussions like this are even more important than charts.
What is any ocean but a multitude of drops?
  • #14,365
  • Nov 16, 2012 2:11am Nov 16, 2012 2:11am
Quoting sleewc
Just to share the chart, Took a long trade on AU, +12 pips, I tp before it hit the 800EMA.

Thanks for all the Masters Guru here.
Hi Sleewc,

That's a risky counter trend trade lots of resistance above. You've exited at the 80 EMA and not the 800 ema.

I don't know how much of the thread you have read but it's important to study and practice your eyes.

Look at the 15m, 1h, 4h and daily charts together on one screen this gives you a better idea for how the different emas interact.
  • #14,366
  • Nov 16, 2012 2:12am Nov 16, 2012 2:12am
Quoting Ramjet
Hi ya Gibril..

Sorry for asking a bit more of this question but could you please draw a picture explaining this as the picture I've added shows a re-touch with a nice down move of 10ema..
Sorry for asking of this but I keep getting Emmanuels answers wrong and now I'm getting yours wrong, feeling a bit lost here

Cheers,
Adrian

This is CT............normally I don't take this kind of trade, as I'm newbie.

But learning from Post 14,293, to do CT. I must see Price must be below60M TF 10EMA

Better still if you have Price below 240MTF 10EMA.

Therefore, the first move down does not indicate short setting YET. It's a kind of test.

We have to wait for price to break 60M 10EMA.

Please visit the above post to get some idea what i'm trying to tell because my english is terrible.

Thank You for your question.

GibRIL
  • #14,367
  • Nov 16, 2012 2:14am Nov 16, 2012 2:14am
EC Setup, Classic Master Arjun Entry. Stop at BE, Chart below.

Ciara


Thanks Brother Gibril, for your post on CTs. Agree 200%.
Attached Image (click to enlarge)
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Ideas shape the course of history
  • #14,368
  • Nov 16, 2012 2:14am Nov 16, 2012 2:14am
Quoting orko_555
Constant viewing of the chart becomes like a drug... You become tired, harassed and start making mistakes…
[color=black][font=Verdana][size=3]Constant observing the profit/loss in any open position makes you feel now satisfaction then disappointment. And as prices change very fast, as a result, you will be very tired (worn out) with all these moral affections. And further come mistakes: you see entry signals in those places where there aren’t any, you start to feel as “it seems…”, you close...
Roman, you are perfectly right!
  • #14,369
  • Nov 16, 2012 2:16am Nov 16, 2012 2:16am
Quoting stevepatt
Hi Sleewc,

That's a risky counter trend trade lots of resistance above. You've exited at the 80 EMA and not the 800 ema.

I don't know how much of the thread you have read but it's important to study and practice your eyes.

Look at the 15m, 1h, 4h and daily charts together on one screen this gives you a better idea for how the different emas interact.
Yes, mistype another "0", haha, thanks for correcting.I took the trade, also due to the candle pattern, with small SL. Thanks for the comment; will take note.
  • #14,370
  • Nov 16, 2012 2:21am Nov 16, 2012 2:21am
Quoting Gibril
This is CT............normally I don't take this kind of trade, as I'm newbie.

But learning from Post 14,293, to do CT. I must see Price must be below60M TF 10EMA

Better still if you have Price below 240MTF 10EMA.

Therefore, the first move down does not indicate short setting YET. It's a kind of test.

We have to wait for price to break 60M 10EMA.

Please visit the above post to get some idea what i'm trying to tell because my english is terrible....
ahhh!..cool, I get it now

Thanks for the help..
  • #14,371
  • Nov 16, 2012 2:21am Nov 16, 2012 2:21am
Quoting LO-Trader
Somebody in this trade
http://www.forexfactory.com/attachme...1&d=1353053205


I am....+1R, BE 2 x . Now
Attached Image (click to enlarge)
Click to Enlarge Name: EU 16 Nov IB BO 16-11-2012 3-29-51 PM.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,372
  • Nov 16, 2012 2:23am Nov 16, 2012 2:23am
Quoting orko_555
[left]

2) Identify your Daily TARGET.




[left][font=Calibri]Another way to decrease emotional stress is to set a daily target. You need to set up a kind of limit, let’s say 20 pips a day, and as soon as you make these 20 pips you close your terminal and forget about it till next trading day. This kind of approach can be very useful, because you limit your time in front of the charts, thus you reduce emotional pressure. Besides profit limits you should also have...

3) Decrease your lot size by 5 times!!!

I think this is the most working and effective way. It may seems that it is not so significant and one can ask the question: “Ok I will decrease my lot and what happens next??” The answer is: “YOU will see it by yourselves” this method works like a charm, as soon as you decrease your lot by 5 times, all mistakes related with emotions will be vanished. Logical explanation of the position, following the system rules and signals, timely close of the position – all these things will come to you as soon as you decrease your lot size

And why does it work like this??? The point here is that you stop thinking and worrying about the financial side on the issue and concentrate your mental activity on ‘right trading’. In my opinion you should not go to demo account, if you already trade with minimum lot go to cent account and decrease the lot size!!!

So That is all I wanted to tell you guys today, do not take all these things as MUST do, all these things are just my advice, but these things are proved and they work.

Thank you and regards,

Roman.

  • #14,373
  • Nov 16, 2012 2:23am Nov 16, 2012 2:23am
No Idea of this SCALLOP, where she want to go.............lol
Attached Image (click to enlarge)
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  • #14,374
  • Nov 16, 2012 2:27am Nov 16, 2012 2:27am
Quoting Gibril
No Idea of this SCALLOP, where she want to go.............lol
after 2 strong bullish D, we look for retracement scallops .... but how deep is retracement?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,375
  • Nov 16, 2012 2:31am Nov 16, 2012 2:31am
The reason for taking this trade is "Arjun candle"... on M30

PS: This is the advantage of focusing of only few pairs.
Attached Image (click to enlarge)
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  • #14,376
  • Edited 2:39am Nov 16, 2012 2:32am | Edited 2:39am
With so many great teacher here.

I wonder which pairs to trade. This thred is getting better everyday........

My hand is full now with EU, EJ, GY short. (closed...) EURCAD

This Chart by our Great Teacher.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 60.gif Size: 167 KB
  • #14,377
  • Nov 16, 2012 2:32am Nov 16, 2012 2:32am
Quoting emmanuel7788
after 2 strong bullish D, we look for retracement scallops .... but how deep is retracement?
last S/R area on 4hr and fib 50% are matching.... can we go that deep?
  • #14,378
  • Nov 16, 2012 2:34am Nov 16, 2012 2:34am
Quoting LO-Trader
Somebody in this trade
LO-Trader, there was nothing to indicate a buy signal in those charts. check again. And as I'm typing this your stoploss just got taken out. But don't be discouraged. always check what buyers and sellers are doing. The sell signal I was waiting for just got triggered.....waiting for a retest though....notice the slope of the 10ema?
Attached Image (click to enlarge)
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  • #14,379
  • Nov 16, 2012 2:35am Nov 16, 2012 2:35am
I took this one this morning,
gbpusd +16

still learning, may be, soon, the end of the dark tunnel for me..

almost all the family is here today (Master Arjun, Gibril, Emmanuel, Ciara, Cristiansan, Xhale, Steve...)
I'm feeling so strong !
Thanks brothers and sisters, I love you all !

peace
dom
Attached Image (click to enlarge)
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  • #14,380
  • Nov 16, 2012 2:37am Nov 16, 2012 2:37am
Quoting Xhale12
Hey Orko I have a few thoughts on this.

I used to use a daily target but I don't anymore. I found it was not a good idea for me. It caused me to feel like I "needed" to make a certain amount of money everyday. If I didn't meet that target I would force trades in an effort to do so. I would also close out trades way too early once I met my target and lost a lot of pips because of it.

Now the loss limit I agree with 100%. For the same reason. If I lost a certain amount I felt I needed to force trades in order to make up for it before I went to...

I agree.
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