Another simple system - Time-Frame 15 | Page 721 | Forex Factory

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Another simple system - Time-Frame 15

  • #14,401
  • Nov 16, 2012 3:24am Nov 16, 2012 3:24am
Quoting ejiexe
Outside Bar, Inside Bar and Pull Back
silly me since the chart was in candles and not bar I was scratching my head makes sense now.
In trading, you have to be defensive and aggressive at the same time
  • #14,402
  • Nov 16, 2012 3:26am Nov 16, 2012 3:26am
Quoting Gibril
Hi Jord,

Great question.......I like your question.

At least I will learn somethin today.

Sharing you my dumb answer.

How about we go to HIGHER ground to look at what is happening on the ground.


Maybe we can have better view how to plan the attack or call for sniper ( X-Man) for back up...


Here is what I see from higher ground.


giBril



WOW...........I just saw GREAT answer from post Post 14,402 above.............

Brother Gibril,
I think you are seeing the forest !!
Post after post, I see you walking in the forest, not hunting...

Thank you sor much to be here !

Love
dom
  • #14,403
  • Nov 16, 2012 3:28am Nov 16, 2012 3:28am
Quoting emmanuel7788
Here is how this trade closed using R-Multiple management.

1R+ 2x3R trades .
Total 7R

Wow...these truly look like masterful trades...!
I'm still confused about something though sir....
I notice your entry was just above the 800ema...which is just 11pips away from the 200ema...for a Newbie like me...just trading for two months now... would it be better to wait for break of 200ema before entering trade? Thanks so much sir for the kind efforts at teaching us. I'm eager to learn!
  • #14,404
  • Nov 16, 2012 3:29am Nov 16, 2012 3:29am
Quoting ejiexe
Outside Bar, Inside Bar and Pull Back

...thought PB stands for Pinbar?...or is that the same thing as Pullback?....sorry just trying to learn?
  • #14,405
  • Nov 16, 2012 3:30am Nov 16, 2012 3:30am
Another scalloping specimen:

December Futures Contracts on S&P 500 index..
Hourly bars, continued trading, same as FX markets.

Ciara
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Ideas shape the course of history
  • #14,406
  • Nov 16, 2012 3:30am Nov 16, 2012 3:30am
Quoting jordfx
...thought PB stands for Pinbar?...or is that the same thing as Pullback?....sorry just trying to learn?
Yes, PB is Pin Bar in this case..
  • #14,407
  • Nov 16, 2012 3:32am Nov 16, 2012 3:32am
Quoting Gibril
Hi Jord,

Great question.......I like your question.

At least I will learn somethin today.

Sharing you my dumb answer.

How about we go to HIGHER ground to look at what is happening on the ground.


Maybe we can have better view how to plan the attack or call for sniper ( X-Man) for back up...


Here is what I see from higher ground.


giBril



WOW...........I just saw GREAT answer from post Post 14,402 above.............

Wow! Impeccable explanations from you as usual! Thanks so much sir! Really appreciate your time to teach me. Thank you. Thank you.
  • #14,408
  • Nov 16, 2012 3:34am Nov 16, 2012 3:34am
Quoting Ramjet
Yes, PB is Pin Bar in this case..
Thanks Ramjet! Got it!
  • #14,409
  • Nov 16, 2012 3:36am Nov 16, 2012 3:36am
Quoting Gibril
My target BRN, very close to 800 and 200EMA. Grab and Run type of trades.

I'm not trading swing, this is all basic trades ( some of it CT)

As what Master Arjun told us in post 1.... this is Price Action Strategy.

we use EMAs, BRN, TDI, Pivot, Trendline , Pop Gun , Arjun Candle , Scallop to guide us.

The basic is PRICE ACTION.........the rest of this stuff as frills for guidence only.
ook you have all the reason
but for my stupid neuron the first thing is to check the trend
and i use the 200 ema over i check PA and pattern for entry long
and below the 200 ema i check PA and pattern for entry short

if you can put me in the right view i think i can made something and help
the other to understand
  • #14,410
  • Nov 16, 2012 3:39am Nov 16, 2012 3:39am
That BRN coming soon. I'm going LONG when we break it. TP set at page 10,000. No stop loss lol
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What is any ocean but a multitude of drops?
  • #14,411
  • Nov 16, 2012 3:40am Nov 16, 2012 3:40am
Quoting Ramjet
Yes, PB is Pin Bar in this case..

Yes your right that candle is a pinbar candle. According to the label, that candle was label FIRE. if that is the trigger candle then i see pulll back there on 15min which is where we look for entry. Good we are all learning here.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #14,412
  • Nov 16, 2012 3:41am Nov 16, 2012 3:41am
EC..

Potential reentry?? It looks so on 15 min chart..
Will skip it for the reason of HTF (200 EMA bounce H4).
Patience.

Ciara
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Ideas shape the course of history
  • #14,413
  • Nov 16, 2012 3:41am Nov 16, 2012 3:41am
UPDATE ON EU TRADE... SL MOVED TO +8pips...
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  • #14,414
  • Nov 16, 2012 3:44am Nov 16, 2012 3:44am
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...

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.

You see my friend, when you start trading with a daily target (i mean if you choose to do it this way) first thing that people do is they try to asses it, they try to taste it!!! They see good setups, enter trades close them when they reach daily target and still after that they continue to watch the charts and then they see this nice moves and think that if let's say they hadn't closed the trade they would have earned more.... i know this too... this is the human’s nature… but it is YOU who MUST choose the way and style of trading... YOU and ONLY YOU guys will make everything work like a charm...So that's why I told that these methods should be considered as ADVICES... You need to try them out and assess!!! It is like choosing a pie in the shop, one likes strawberry pie another one likes raspberry and the same is for forex! One shall CHOOSE the way that SUITS HIM BEST. If you are confident in what you are doing that’s GREAT… just KEEP DOING it and increase your confidence, if you are not confident, try smth else… sooner or later you will find what you are looking for.

If you choose daily target method PLEASE do not regret about those missed pips, or just change the method as it was done by XHale12. My friend you found way that suits you best. If you are comfortable and confident with it just KEEP DOING it my friend…


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

I totally agree with you my friend… it is all up to an individual preferences…

Don’t get me wrong with this kind of reply…

Your reply is AWESOME!!!

Thank you very much,

Roman

  • #14,415
  • Nov 16, 2012 3:44am Nov 16, 2012 3:44am
Just took this for +12. YouTube did not steal my pips today!

As always, I'm looking for a retrace to a flip point. A/U was under the 200 and had bounced off the underside of previous support, as highlighted in the blue box. Nice momentum candle crossed the 10EMA and had lots behind it; all those HTF EMAs and the daily pivot. Took the short down to the daily 200.
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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,416
  • Nov 16, 2012 3:45am Nov 16, 2012 3:45am
Enter Sell on AUDCAD....SL 7pips...TP 40pips at BRN...
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  • #14,417
  • Nov 16, 2012 3:47am Nov 16, 2012 3:47am
EJ SCALPS

Took these two trades on EJ.
Trade 1: Messed up entry but held on as it looked like trend was down and last week fib 61.8 retracement would be hit. +24
Trade 2: Kissed 10ema and targeted weekly fib 50 retracement, but bailed out manually. +22

Seems big boys want an early weekend?
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  • #14,418
  • Edited 4:08am Nov 16, 2012 3:49am | Edited 4:08am
CHF JPY

Another example for all of us to learn. ( including me..)

I see the 4 HR set UP. Great teacher here taught this........always READ HIS POST... Its a MUST. This Brother is GREAT...

Then open the 15M....seeing this girl here feel so lonely up there, being 100 pips from her Mama ( 200ema).

She want to go near to her Mama..... I give a SHORT hand for cheap 35 pips with miminum exposure ( 9 pips SL)

I donno WHY I like to do CT today..........lol

I seldom take CT.

But to be in this thread with all of you guy give me the ENERGY....POSITIVE Energy....

Thank You.

giBril

TP : 4HR 10EMA
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  • #14,419
  • Nov 16, 2012 3:51am Nov 16, 2012 3:51am
If you are going to dip your toe into CT then some items on your check list you might wish to consider:

- a genuine SR level, see high 17 Sep 103.82
- a W pivot 103.70 or other key higher TF confluence e.g. fib etc
- a lower high following divergence, see arrows down
- evidence over time (ie not just 1 candle) that the flow has changed, in this case the higher high higher low flow clearly flipped over see the arrows down (they also are negative engulfing closes)

A confluence of basic pa items that really together screams 1 direction or other.
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  • #14,420
  • Nov 16, 2012 3:52am Nov 16, 2012 3:52am
Good luck with the e/u rn bounce at 1.2725. I'n holding to 1.2700 its more round and there seems to be room.


Thoughts anyone?
If ask a silly question.. forgive me!i'm just confused again!
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