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Another simple system - Time-Frame 15

  • #14,761
  • Nov 19, 2012 1:03pm Nov 19, 2012 1:03pm
Quoting Ciara
CJ popgunning..

@Brother Emmanuel

Hope I read and interpret them correctly.

Ciara
Hello Ciara,

Excellent spotting...

Roman.
  • #14,762
  • Nov 19, 2012 1:09pm Nov 19, 2012 1:09pm
I thought to share a nice simple video on divergence. MACD is excellent for spotting them. Why is this important? well if you got Arjun method line up but hesitated because candle formations don't look good then you could check if there is divergence if there is then it will give you a huge edge!
Just another tool in the box
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #14,763
  • Nov 19, 2012 1:13pm Nov 19, 2012 1:13pm
Quoting Pervis
Dear Brother,

Please help me clear this one. Why the first arrow is not good place to enter? And then arrow 2 & 3 is it correct?
Fortune I'm still lucky in this trade

Thanks all master!
Fortunate indeed. Always used stop loss man. If You were stop out, you could have reenter on those candle that worked and you will get back your pips. Always used stop loss. Don't learn in a hard way.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #14,764
  • Nov 19, 2012 1:26pm Nov 19, 2012 1:26pm
Quoting xremmy
Hi, i hope my response is appropriate.

Attached is a pic where i marked some points

Attachment

Looking to the left, there was resistance from which price bounced of 90 pips. so to break that area, i would want to see some sort of momentum candles that shows that point is ready to be broken.

A - was where you entered
1-was your entry candle, which was a bullish candle that closed above the 10ema, after the retracement. Nice
2- is somewhat like a pin, but not really. what matters is, is the candle showing whether they are buying...
I love this.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #14,765
  • Nov 19, 2012 2:01pm Nov 19, 2012 2:01pm
Quoting newcourt
New Here. Still learning the system. Very much appreciate the expertise and teaching. Thank You very much
Welcome Brother. The best place for learning and studying and..lol..almost living here..Dont forget to share your charts with us.

Ciara
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Ideas shape the course of history
  • #14,766
  • Nov 19, 2012 2:22pm Nov 19, 2012 2:22pm
Have a great thanksgiving everyone. I'll be back next week. Happy trading.
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What is any ocean but a multitude of drops?
  • #14,767
  • Nov 19, 2012 2:33pm Nov 19, 2012 2:33pm
USD/JPY - missed clear setup - another one for the look up/history folder!

(these are very important to keep for weekend work! i do not have a daily, weekly or monthly target - makes no sense for me to have fixed targets whether it be mentally negative or positive - i just trade signals when i see them!)

i will continue to post my missed trades as these are charts that go into my review folder. I had a pm today after i posted the gbp/aud & gbp/cad charts asking why i post these if i did not taken them. To be honest analyse all the charts i posted today - the ones i missed were awesome! I maybe up whatever pips but having a history of whats happening is more important! Im going through pdf's at the moment and i keep seeing the same trades im taking.

A huge part of the thread is saying keep it simple, we do not need more then 10-20 pips a day. This is so so so true. Money management with the right 'pippage' skill and you will go a long way. (You think bank traders are consistent in making pips?! - like many seniors keep saying 15 pips a day is great!)

Sorry guys to bore you with the text, just answering the pm i received.
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  • #14,768
  • Nov 19, 2012 2:34pm Nov 19, 2012 2:34pm
Quoting Xhale12
Have a great thanksgiving everyone. I'll be back next week. Happy trading.
Hi mate - you have a good one and dont eat too much - you'll be drowsy on the pippage desk! all the best to you and family.
  • #14,769
  • Nov 19, 2012 2:35pm Nov 19, 2012 2:35pm
[quote=Davit;6209849]practice on demo or even better penny lots until you get better.There is a thread on systems where the trader demoed 2yrs before going life.It might sound crazy but he saved lot of money....
below is my list what I do daily.


1.News and how it effects
2.Sentiment (the herd mode)
3.Direction
4.Trend Lines (to me personally very important median line )
3.Supply and demand
4.Candle formation patterns
5.Liquidity and order flow
6.Arjun's method in context of all above.

How you measure liquidity and order flow ?

Thanks,
Raul
  • #14,770
  • Nov 19, 2012 3:41pm Nov 19, 2012 3:41pm
Hi people - closing up for the day

My thoughts are with a wonderful person who has contributed to the thread greatly. She is a beautiful person. We were chatting together today and she had to rush of to hospital. I will not name her or mention anything further as it can be private. My prayers and thoughts are with her - she is lovely - a pure sweet heart. Today making pips meant nothing as i was thinking of her throughout. Hoping & praying she will be with us again very soon. xxx
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  • #14,771
  • Nov 19, 2012 3:54pm Nov 19, 2012 3:54pm
Quoting aryary
Hi...,

Yes retest of the 10ema is best entry - this allows for tighter stops etc. Take a look at some of Xhale12's chart examples - look at the entries - always spot on.
Thanks, will have a look at his setups.

Needless to say, my trade went -18.
  • #14,772
  • Nov 19, 2012 4:38pm Nov 19, 2012 4:38pm
[quote=rehepapp;6210165]
Quoting Davit
practice on demo or even better penny lots until you get better.There is a thread on systems where the trader demoed 2yrs before going life.It might sound crazy but he saved lot of money....
below is my list what I do daily.


1.News and how it effects
2.Sentiment (the herd mode)
3.Direction
4.Trend Lines (to me personally very important median line )
3.Supply and demand
4.Candle formation patterns
5.Liquidity and order flow
6.Arjun's method in context of all above.

How you measure liquidity and order flow ?

Thanks,
Raul
Arjun system already suggest or recommends trading most liquid times London and NY from 6am to 11am or London close.Asian session is less liquid and lot of fakies.System recommends not trading.
Big banks and hedge funds place their orders during high volume times because they get a better price and usually whole numbers times like London 3am 4am 4:30 5am NY 9am big one 10am 11am.What this means I sort of expect burst of price movement around whole numbers and typically if they like to short they will drive the price spike it up 20pips take out the stops and drive the price south.
Its a tactic they use over and over.So not every "breakout" is a breakout.
Reading about order flow will help you.Google it.More you know how market structure is better you will be.
In trading, you have to be defensive and aggressive at the same time
  • #14,773
  • Nov 19, 2012 5:11pm Nov 19, 2012 5:11pm
Thank you, Moody's.

20 pips for France downgrade tango "Between the Lines"

patience..its Asian session..lol

Ciara
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Ideas shape the course of history
  • #14,774
  • Edited 6:09pm Nov 19, 2012 5:59pm | Edited 6:09pm
Hi Friends,

Another great tool that can help you boost earnings or avoid losses! I found this great news alerter application on Saturday. I waited for Monday to test it out and I will for sure use it in the future. I will mostly use it to avoid random spikes during high impact news releases. It has quite few useful settings such as:
- Candle sound alarm (which alerts user 1 candle before the news release - 15 min, 30 min or 1h candle)
- Alarm time (Set alarm x minutes before the event)
- Choose the alert impact level (High and/or medium and/or low)
- Adjustable Time zones,
- etc.

Application can be downloaded here: http://fxnewsalert.com/
Here are some instructions: http://fxnewsalert.com/screenshots.html

The author is a FF user Fiatfap. He created it completely for free - to give back to the community. Thank you brother if you ever read this!

I hope that some of you will find it useful. Happy trading!

Bellow is the screenshot I just made:
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  • #14,775
  • Nov 19, 2012 5:59pm Nov 19, 2012 5:59pm
Quoting Ciara
Thank you, Moody's.

20 pips for France downgrade tango "Between the Lines"

patience..its Asian session..lol

Ciara
Nicely spotted! Awesomeness!!

  • #14,776
  • Nov 19, 2012 6:35pm Nov 19, 2012 6:35pm
A good example of a lovebee question producing real insights and learnings!

Great stuff Aryary and Stevepatt

Keep the questions coming! :-)

Quoting stevepatt
Hi Aryary,

Good analysis as usual, do you remember what Vantage was talking about over the weekend and the third move within London morning session quite often failing. Market needed the extra liquidity provided by New York open to push it higher..
  • #14,777
  • Nov 19, 2012 6:50pm Nov 19, 2012 6:50pm
EU: Price is trapped between 800 ema and 10 ema on the Weekly.
In other words no real trend
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  • #14,778
  • Edited 11:33pm Nov 19, 2012 7:04pm | Edited 11:33pm
Quoting Xhale12
Have a great thanksgiving everyone. I'll be back next week. Happy trading.

I usually dont check the FF inbox(b/c there is no message at all lol)
Sorry for late Reply. Just reply back to you

I hope there is more PP using Arju method who live in near LA.
so we can have a meeting for discuss " how to wake up until LO" Lol
  • #14,779
  • Nov 19, 2012 7:12pm Nov 19, 2012 7:12pm
Quoting stevepatt
Hi Aryary,

Good analysis as usual, do you remember what Vantage was talking about over the weekend and the third move within London morning session quite often failing. Market needed the extra liquidity provided by New York open to push it higher..

Important point to note. I got caught up in one of the chop.
  • #14,780
  • Nov 19, 2012 7:32pm Nov 19, 2012 7:32pm
Quoting ejiexe
Fortunate indeed. Always used stop loss man. If You were stop out, you could have reenter on those candle that worked and you will get back your pips. Always used stop loss. Don't learn in a hard way.

Thanks bother,

Thanks for your advise, I'm still try to define good point to enter hence good SL... I hate using SL because I'm not good to choose safe point and always out before TP hit
Next time I will post my entry point & hope all expert will help me & all newbie here
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