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Another simple system - Time-Frame 15

  • #14,821
  • Nov 20, 2012 2:55am Nov 20, 2012 2:55am
I got+8

Quoting jordfx
UPDATE ON EURUSD TRADE. BAILED FOR 10pips @ BRN. RED NEWS IN 30mins!
Persian Gulf forever
  • #14,822
  • Nov 20, 2012 2:56am Nov 20, 2012 2:56am
Nice charts and explanations Jordfx.

Thanks

Mick
  • #14,823
  • Nov 20, 2012 2:58am Nov 20, 2012 2:58am
EURUSD 20 Nov LO+1:

Be patient, you see price consolidation with no clear direction, we wait for the breakout.

BRN 1.2800
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,824
  • Nov 20, 2012 2:59am Nov 20, 2012 2:59am
Quoting Davit
since its slow now I'll post something interesting
70% trading is done by robots. Math wizards programmed algorithms in computers doing most of big boys trading.
This is also programmed how to take out stops,spikes etc.
Watch this.Very interesting

Wall Street: The Speed Traders

http://www.youtube.com/watch?v=WstJM...eature=related
Hi Davit,

If this sort of thing interests you, you should have a look at this more an art than a science ...

http://www.wardsystems.com/

http://www.chaoshunter.com/

Peace
Steadfastness is held above all success
  • #14,825
  • Nov 20, 2012 3:00am Nov 20, 2012 3:00am
Quoting orko_555
Continuation from previous post:

entered on close of the pin with very tight sl of 6 pips (trade based on rejection of trendlines and support area)

target upper resistance zone
just closed manually for 28 pips

enough for today

Regards,

Roman
Hey bro! That pin bar at LO should be resting on 200ema. surprised I can't see it on your charts. You don't use 200ema?
  • #14,826
  • Nov 20, 2012 3:01am Nov 20, 2012 3:01am
Quoting Arunaz
Tonny as our pros are saying patience pays... let's wait
sure thing, there will be another one
  • #14,827
  • Nov 20, 2012 3:03am Nov 20, 2012 3:03am
Quoting fxdivergence
Don't worry Tonny. I would of done the same (if new to the system), as I would of saw the break out.
The pro traders say, wait for a bounce.
Stay strong
hate missing trades like this one, but thats part of the job
  • #14,828
  • Nov 20, 2012 3:08am Nov 20, 2012 3:08am
Quoting jordfx
Hey bro! That pin bar at LO should be resting on 200ema. surprised I can't see it on your charts. You don't use 200ema?
No my friend i use it... This is just for more clear view for myself on another chart,,, sorry if it confused you
this is my base chart here you go...

Regards,
Roman
Attached Image (click to enlarge)
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  • #14,829
  • Nov 20, 2012 3:14am Nov 20, 2012 3:14am
Quoting jordfx
UPDATE ON EURUSD TRADE. BAILED FOR 10pips @ BRN. RED NEWS IN 30mins!
i dont think its that kind of red news where numbers come out. forexfactory callendar says that meeting is all day
  • #14,830
  • Nov 20, 2012 3:14am Nov 20, 2012 3:14am
Quoting emmanuel7788
EURUSD 20 Nov LO+1:

Be patient, you see price consolidation with no clear direction, we wait for the breakout.

BRN 1.2800
I'm with you, theres no sense to whats going on and I'm quite happy not to put money on the line.
  • #14,831
  • Nov 20, 2012 3:15am Nov 20, 2012 3:15am
Quoting orko_555
No my friend i use it... This is just for more clear view for myself on another chart,,, sorry if it confused you
this is my base chart here you go...

Regards,
Roman
I enjoy your posts greatly and love your template.I like that you pay attention to TL and ML
Could you upload your Template please.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #14,832
  • Nov 20, 2012 3:15am Nov 20, 2012 3:15am
Quoting Vantage
I'm with you, theres no sense to whats going on and I'm quite happy not to put money on the line.
I do take my hat off to those that can trade ranges like this successfully.
  • #14,833
  • Nov 20, 2012 3:18am Nov 20, 2012 3:18am
Quoting orko_555
No my friend i use it... This is just for more clear view for myself on another chart,,, sorry if it confused you
this is my base chart here you go...

Regards,
Roman

Ah yes! There it is!
  • #14,834
  • Nov 20, 2012 3:19am Nov 20, 2012 3:19am
Quoting tonny47
i dont think its that kind of red news where numbers come out. forexfactory callendar says that meeting is all day

Thanks bro! Better safe than sorry though eh?
  • #14,835
  • Nov 20, 2012 3:20am Nov 20, 2012 3:20am
Did you guys notice before every market close positions are closing and price falls.
10min before Tokyo GU and EU dropped almost 20pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 24 KB
In trading, you have to be defensive and aggressive at the same time
  • #14,836
  • Nov 20, 2012 3:21am Nov 20, 2012 3:21am
Quoting jordfx
EURUSD CT TRADE. Initial SL 8pips. TP 28pips @ 200ema. Stop moved to +10pips @ 10ema
Hi jordfx

Would you please clarify for me reasons for justifying your EU CT trade and the 200ema bounce/kiss trade afterwards.

I see divergence on H4 and a close below 10ema on H1.
On M15,
1) the CT entry is taken on the TL. Do you wait for the price to pass the TL and then come back down before you enter at the TL?
2) same for the long (where the bottom of the pin touches the 200ema). Do you wait for the price to pass/touch the 200ema and then start reversing again before you enter?

What other factors give you the confidence to take the trades? Or put another way, what factors put the probabilities in your favour?
Does the choppiness of the PA change the way you take the trades?

Regards
Dean
Attached Image (click to enlarge)
Click to Enlarge Name: EU 20 Nov H4 & H1.png Size: 34 KB
Attached Image
  • #14,837
  • Nov 20, 2012 3:25am Nov 20, 2012 3:25am
Quoting Vantage
I do take my hat off to those that can trade ranges like this successfully.
It all depends on the how wide the range is my friend. 30pip ranges are quite worth it imo if you can get in with 4-8 pip stops. A trend in 15TF is most times within a ranging PA on 1Hr TF and/or 4Hr TF. It's all subjective.
  • #14,838
  • Nov 20, 2012 3:27am Nov 20, 2012 3:27am
Quoting Davit
I enjoy your posts greatly and love your template.I like that you pay attention to TL and ML
Could you upload your Template please.
Thank you
Here you go brother Davit,
Hope you have all indis, all of them are from this thread

Enjoy
Regards,

Roman
Attached File(s)
File Type: tpl 15 min arjun_1.tpl   60 KB | 492 downloads
  • #14,839
  • Nov 20, 2012 3:31am Nov 20, 2012 3:31am
Quoting orko_555
Another thing to consider,
hope you see it

Roman
Hi Roman

I see an IB on the H4 just prior to the wide movement. Is that what you're referring to?

Regards
Dean
  • #14,840
  • Edited 3:44am Nov 20, 2012 3:34am | Edited 3:44am
ok CT trade missed tp by just about 1 pip
as a result -3.8 pips
tp was 7.8 pip 1/2 r/r

Regards,

Roman

PS. Lesson Learned: in such kind of trades I MUST MOVE SL to BE ASAP
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