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Another simple system - Time-Frame 15

  • #15,121
  • Nov 21, 2012 6:51am Nov 21, 2012 6:51am
Quoting Ramjet
awwwwwwwwwww!!.... X-Man how do you make every thing look so easy!!
hehe all you do is trade away from the 200ema
thats all.

I took a trade this morning towards the 200ema and guess what.
I lost 2pips.
The CT trades are risky and we should not even think about it .
If you trade away from the 200ema you will be good to go .
Notice all my charts are the same .
Yesterday i posted similar setups.
It will keep happening over and over , over and over.
the only thing that will change is your account balance and lot size.
X-man the legendary conqueror of markets
  • #15,122
  • Nov 21, 2012 6:54am Nov 21, 2012 6:54am
Quoting Ramjet
oh and I thought that was you hiding from the crowds Arjun
why would i brother....lol...i will never hide from my brothers....
Let all the living things live blissfully
  • #15,123
  • Nov 21, 2012 7:01am Nov 21, 2012 7:01am
Quoting stevepatt
This might help anyone new to the thread, look at the EMAs on the 15m chart as representing the 10 EMAs on the higher TFs. When they all line up it's time to look for a trading opportunity, after the market breaks the 15m 10 EMA wait for the retrace back to it before entering with the trend. Once you start to see the the EMAs on the 15m chart as 10 EMAs on higher TFs it should get easier.
Thanks Stevepatt very much for the tip. Have you considered 10EMA slope before entry?
Accept as it is being!
  • #15,124
  • Nov 21, 2012 7:10am Nov 21, 2012 7:10am
Quoting fxrobinhhood
Hi everyone

another gbpusd from a newbie. What do you think? Is it according to the rules? feedback appreciated.

Attachment

price slowed down. closed it manually for 10 pips uz of the news.
  • #15,125
  • Nov 21, 2012 7:14am Nov 21, 2012 7:14am
Hi, this is good entry ? thx
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 27 KB
  • #15,126
  • Edited 7:29am Nov 21, 2012 7:16am | Edited 7:29am
As luck would have it I started looking at ej (and gj) again about a month or so back. Anyway very glad to see a major focus on jpy pairs here, especially with the ema's much better aligned than gu/eur at the moment. Which pair would you rather trade eur/gu chopping around 200 ema or ej with nice angle up confirming good trend?

The other thing thats nice to see is guys going for a little more than 10 pips. Yes circumstances dictate but normally scalping numerous times per day adds to your risk (apologies to those that have scalping down pat), gets those with less experience thinking thats the way to go. It usually ends in tears, more entries usually = more chances to get it wrong. You see it virtually every day but its worth repeating, stick to the trend buy above/sell below until there's solid, overwhelming reason not to.

The market will do what it wants but I don't see ej SR levels that should stop this run for a little while yet.

The other thing that's a real problem here is how on earth do you keep up with all the people that should get V's?? Guys going crazy with this method. Anyway what a pleasure to visit here.
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  • #15,127
  • Nov 21, 2012 7:23am Nov 21, 2012 7:23am
Quoting Turbobzik
Hi, this is good entry ? thx
Keep an eye above - morning high, open, YH, daily 200ema & 50ema
  • #15,128
  • Nov 21, 2012 7:33am Nov 21, 2012 7:33am
Quoting X-Man
hehe all you do is trade away from the 200ema
thats all.

I took a trade this morning towards the 200ema and guess what.
I lost 2pips.
The CT trades are risky and we should not even think about it .
If you trade away from the 200ema you will be good to go .
Notice all my charts are the same .
Yesterday i posted similar setups.
It will keep happening over and over , over and over.
the only thing that will change is your account balance and lot size.
Now that you mention it I've been thinking a lot about this the last week after you mentioned it again of just trading away from the 200ema and relaxing about it as I stress myself out trying to keep up with you guys doing all these different types of trading scenarios..

Yep, I'm lovin your idea of trading away from the 200ema...less cluttered chart and less stress, lol

Thanx Mr X-Man!
  • #15,129
  • Nov 21, 2012 7:39am Nov 21, 2012 7:39am
Quoting aryary
Keep an eye above - morning high, open, YH, daily 200ema & 50ema
thx aryary , I take 10 pips and the same on GBPusd 8pips (screen) maybe risky entry ?
Attached Image (click to enlarge)
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  • #15,130
  • Nov 21, 2012 7:40am Nov 21, 2012 7:40am
Just got back from dropping my fiancée at work and found two more vouches for vantage and x-men thank you both so much

love the family here lets all become conquers of the markets
  • #15,131
  • Nov 21, 2012 7:42am Nov 21, 2012 7:42am
Hello Everyone
I appreciate if someone could help me on this.
I started to use Oanda chart from yesterday. but The ADR High(Low) and Yesterday High(Low) are different from the ones before.
Could you check on this. if they are wrong tell me what i should do. I don't think we can change any setting for those.
Thanks.
Attached Image (click to enlarge)
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  • #15,132
  • Nov 21, 2012 7:51am Nov 21, 2012 7:51am
Quoting X-Man
aj 15min
Hi X-men funny how our charts match... It properly becoz I have been studying ur charts and trying to copy the way you trade, it fits my style... only trading away from the 200Ema thank for all the help and input and glad ur back

  • #15,133
  • Nov 21, 2012 7:51am Nov 21, 2012 7:51am
Quoting Vnfx
Thanks Stevepatt very much for the tip. Have you considered 10EMA slope before entry?
Hi Vnfx,

Check out X-Man's charts for entries from 10 EMA. The more slope there is on the 10 EMA the better, as you gain in experience the easier it gets to spot the candle patterns that work best Pin Bars-Inside Bars-Engulfing Bars etc.

It's about finding "your way of seeing the charts" it takes a lot of chart time but eventually it clicks into place, keep looking for the basic set ups, make sure your not trading against the EMAs make them work for you.
  • #15,134
  • Edited 8:06am Nov 21, 2012 7:52am | Edited 8:06am
Quoting Ramjet
Now that you mention it I've been thinking a lot about this the last week after you mentioned it again of just trading away from the 200ema and relaxing about it as I stress myself out trying to keep up with you guys doing all these different types of trading scenarios..

Yep, I'm lovin your idea of trading away from the 200ema...less cluttered chart and less stress, lol

Thanx Mr X-Man!
Hi mate Ramjet

No there are not different types on scenarios - this is what the seniors have been teaching. There are just a few setups and the same thing keep happening over and over again.

Look at the yen crosses today, same as yesterday? Yes we do not get that happening everyday but more or less something from the 'classic' setups will.

Arjun stresses patience - im sure the word patience is in terms of waiting for the right setup!
X-man stresses fear - he is telling us when there is the correct setup pull the trigger

Have a look at the attached charts - Thats saved from yesterday. All classic setups? (I put down as missed trades as i did not take on my acc - but i saw all the setups)

Look at the eur/jpy 15min chart (top left). First trigger bounce of 200ema - many took but that is not as clear cut as the ones that follow (in terms of arjuns classic). Have you noted the PA after such a bounce usually quite whippy. Now look at the setups afterwards - clear and 'no brainer' triggers?

That is what Arjun is mentioning - Patience and the setup will come. His setups mean low risk, hardly any drawdowns which all equals to less stress and tries to elminate emotions.

Mate im not trying to preach - just trying to help in how i have looked at things. Stick to core setups and just keep looking etc. Patience! (I know you have read and looked at alot of things - but maybe narrow it all down to what fits your style)
Attached Image (click to enlarge)
Click to Enlarge Name: 20nov2012_yen_crosses.jpg Size: 208 KB
  • #15,135
  • Nov 21, 2012 7:52am Nov 21, 2012 7:52am
AU Trade

Working towards becoming a pip machine like X-Man. Wow!!
Attached Image (click to enlarge)
Click to Enlarge Name: AU 21 Nov.png Size: 61 KB
  • #15,136
  • Nov 21, 2012 7:54am Nov 21, 2012 7:54am
Quoting Turbobzik
thx aryary , I take 10 pips and the same on GBPusd 8pips (screen) maybe risky entry ?
They seem to be breaking higher but for me i would have held back for the overhead resistance and the time of day (europe lunch period leading to US open)
  • #15,137
  • Edited 8:11am Nov 21, 2012 7:55am | Edited 8:11am
Quoting Vnfx
Thanks Stevepatt very much for the tip. Have you considered 10EMA slope before entry?
Hey Vnfx..

Don't know if you looked at this PDF before?..

Also this is a cool article on the 200day MA you might like.. http://www.dailyfx.com/forex/educati...g_Average.html

Cheers,
Adrian
Attached File(s)
File Type: pdf 15 Ways to Manage Opportunity Through Moving Averages.pdf   56 KB | 742 downloads
  • #15,138
  • Nov 21, 2012 8:06am Nov 21, 2012 8:06am
Quoting aryary
Hi mate Ramjet

No there are not different types on scenarios - this is what the seniors have been teaching. There are just a few setups and the same thing keep happening over and over again.

Look at the yen crosses today, same as yesterday? Yes we do not get that happening everyday but more or less something from the 'classic' setups will.

Arjun stresses patience - im sure the word patience is in terms of waiting for the right setup!
X-man stresses fear - he is telling us when there is the correct setup pull the trigger

Have a look...
Hey Aryary..

Thanks so much for your help and input ..

Yes, I'm not sure if it's just me that maybe I just like things to be simple and clear on the chart that's why I like it when X-Man and Arjun put up there charts as they make it look so simple...then I see a chart with all these different pivots and different indi's and what to me seem like risky trades at times yet people seem so comfortable with them.... I don't know maybe it's just me..to simple a guy

BIG thanks for your help and advice again!

Cheers,
Adrian
  • #15,139
  • Nov 21, 2012 8:14am Nov 21, 2012 8:14am
Quoting stevepatt
Hi Vnfx,

Check out X-Man's charts for entries from 10 EMA. The more slope there is on the 10 EMA the better, as you gain in experience the easier it gets to spot the candle patterns that work best Pin Bars-Inside Bars-Engulfing Bars etc.

It's about finding "your way of seeing the charts" it takes a lot of chart time but eventually it clicks into place, keep looking for the basic set ups, make sure your not trading against the EMAs make them work for you.
Thanks Stevepatt. All lovebees in this home must be very happy with mentoring from a lot of experienced traders like you. I've been fighting with myself to stop counter trades, but you know, they are just as demons to tempt lovebees to destroy us.

Quoting Ramjet
Hey Vnfx..

Don't know if you looked at this PDF before?..

Cheers,
Adrian
Thanks Adrian. This 15 ways.PDF is a really useful reference.
Accept as it is being!
  • #15,140
  • Nov 21, 2012 8:18am Nov 21, 2012 8:18am
AUD/USD took half off 12pip stoploss at BE let the other run to the H4 800EMA
Attached Image (click to enlarge)
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