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Another simple system - Time-Frame 15

  • #15,161
  • Nov 21, 2012 12:03pm Nov 21, 2012 12:03pm
X Man

Where can I find your simple and clean ADR indicator? I don't seem to find one as uncomplicated as yours. thank you, p.
  • #15,162
  • Nov 21, 2012 12:19pm Nov 21, 2012 12:19pm
Thanks guys, I appreciate the encouragement and am reading away!! Big ups to everyone.
  • #15,163
  • Nov 21, 2012 1:30pm Nov 21, 2012 1:30pm
Quoting fxrobinhhood
Hi everyone

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

Attachment


hi fxrobin,
i think you tried to catch a "bounce trade" below 200 ema, which is not a good newbie entry.and you are buying too far away from 10 ema...and there are some other reasons why i (newbie) not had taken this trade



...i saw you you whole day in the thread, iam sure you are also in reading mode...

best whishes and greetings
  • #15,164
  • Edited 2:12pm Nov 21, 2012 1:31pm | Edited 2:12pm
Quoting nocanda
Thanks guys, I appreciate the encouragement and am reading away!! Big ups to everyone.
Hi nocanda - hope you well.

Do not get fustrated with what you have experienced - trust the people on the thread that this is not your usual get rich quick fx system. It requires hard work and it will work for you to achieve your goals. Its not the - study for 10 mins, place your orders and come back later in the day and profits in your acc - the usual fx rubbish out there trying to lure people to false promises.

Your gain will be determined by your effort and time you put in. Just this alone is such a drive and motivational tool - dont you think?

Arjun's methods do not have a hidden agenda or a secret indi that will give you a instant buy and sell signal - he has given a method that works - no matter what market conditions, what time frame, what time zone - just pure PA through out the day.

Do not take short cuts. Is there any value in trading a small account and rushing it and giving up the opportunity to build the account for much better things! - taking higher risk then you normally would? How about taking a step back from the actual trading - guage the overal picture - gain as much knowledge as you can on the methods and start on your account - whether its small or large.

Rushing for pips is not going to get you anywhere - but spending time on the actual reasoning behind this method will hold good stead for a very long time. The stress you put on your account now without the full knowledge of the system will be too much compared to how you can handle this in the future. gains now mean nothing? Surely in the future we can get these gains in a day or two!

I rather risk time now then struggle along trying to get pips on the board!

Have a think why Arjun and X-man keep saying - we only need 15 pips a days.

Of course everyone has seen the stat of failed traders - some what artificial as it takes into players coming in for 1 day or 1 week or 1 month etc and leaving etc..lol....but yes most fail - will not go into that bec we have all read it.

Give yourself a chance! read this method - simple.

many people here would have had losing steaks - bad trading experiences, whether own or a signaling service or live room or whatever....so just to have a few green pips is nice.

have you seen the arjun candle setup? we have had numerous in just the last three days.

what if we trade NOTHING but just the clear arjun candle setups - say 10 a month, say with 1 lot. do the maths! we know that in the last 3 trading days this week we have had probably 10+

sorry to go on - but just keep reading what the seniors are saying.

cheers
  • #15,165
  • Nov 21, 2012 2:10pm Nov 21, 2012 2:10pm
Quoting leztuh
hi fxrobin,
i think you tried to catch a "bounce trade" below 200 ema, which is not a good newbie entry.and you are buying too far away from 10 ema...and there are some other reasons why i (newbie) not had taken this trade



...i saw you you whole day in the thread, iam sure you are also in reading mode...

best whishes and greetings
Thanks for help leztuh but I can't get it. Maybe sth wrong with my setting. In the chart PA and 10ema have crossed 200 ema (purple line) and 800ema (white line) so it seems to me that PA closed above all ema. and there was a TDI confirmation.
Maybe I should waited for the pull back?

I am still reading but seem to get more confused. I rushed and closed the trade while it contuned north. I am not sure if it was a valid setup but I could get some pips if I had waited. (it's all psychology- some bad trades in the past week have made a bit impatient).


I have edited and attached the new charts with more expalanations.

Hope you and others can comment and help me find the right application of rules.

Thanks and cheers


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd3.jpg Size: 159 KB
  • #15,166
  • Nov 21, 2012 2:24pm Nov 21, 2012 2:24pm
Quoting aryary
Hi Kyurem,

Hope you well and good that you posted - all here to learn together.

Firstly - have you taken any trades yet - demo or live?

Secondly - the info you have written seems correct in text form - but how you apply it in real-time situation is the key. I suggest once you start to place the trades - the 'real' questions will start to appear.

As with recent discussions and numerous times on the thread - initially stick to the basics and then develop more strategies.

Also note - look at page 1 - see how quickly Arjun describes...
Aryary

You advise to not over analyse or complicate. I've often read it but what does it really mean?
Can you explain the thinking process when you trade?

Thanks

Kyurem
  • #15,167
  • Nov 21, 2012 2:38pm Nov 21, 2012 2:38pm
Quoting fxrobinhhood
Hi everyone

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

Attachment
Looks like you were chasing that M15 candle and did not wait for it to close.

http://www.forexfactory.com/attachme...1&d=1353491441
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,168
  • Nov 21, 2012 2:50pm Nov 21, 2012 2:50pm
Quoting fxrobinhhood
Thanks for help leztuh but I can't get it. Maybe sth wrong with my setting. In the chart PA and 10ema have crossed 200 ema (purple line) and 800ema (white line) so it seems to me that PA closed above all ema. and there was a TDI confirmation.
Maybe I should waited for the pull back?

I am still reading but seem to get more confused. I rushed and closed the trade while it contuned north. I am not sure if it was a valid setup but I could get some pips if I had waited. (it's all psychology- some bad trades in the past week have made a bit impatient)....

Comparing this chart and the previous one you posted, looks like you are using the SHI channel indicators on M15, am I right?

This SHI channel indicator shows it 're-painted' after new highs were made.
http://www.forexfactory.com/attachme...1&d=1353528523

The previous chart show PA hit the SHI top channel, right?
and PA bounce back down..., right?
http://www.forexfactory.com/attachme...1&d=1353491441
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,169
  • Nov 21, 2012 2:51pm Nov 21, 2012 2:51pm
Quoting emmanuel7788
Looks like you were chasing that M15 candle and did not wait for it to close.
Hei buddy,
what are you doing here now ? ;-)
  • #15,170
  • Nov 21, 2012 2:54pm Nov 21, 2012 2:54pm
Quoting smarco
Hei buddy,
what are you doing here now ? ;-)

last slept early and now woke up early ... it.s almost 5am my time.... waiting for my breakfast to be served. LOL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,171
  • Nov 21, 2012 2:57pm Nov 21, 2012 2:57pm
Quoting emmanuel7788
last slept early and now woke up early ... it.s almost 5am my time.... waiting for my breakfast to be served. LOL
Ahah... I know your time zone ... This is because I've asked you what are you doing here..

Well....good breakfast :-)
  • #15,172
  • Nov 21, 2012 3:00pm Nov 21, 2012 3:00pm
Quoting emmanuel7788
Looks like you were chasing that M15 candle and did not wait for it to close.

http://www.forexfactory.com/attachme...1&d=1353491441
Hi emmanuel

Thanks a million. I followed your charts on S3 and here. I am glad you had time to give some feedback.

Yeah, I sometimes can't help chasing the price. Of course I never enter the market price. I usually prefer pending limit or stop orders.
  • #15,173
  • Nov 21, 2012 3:02pm Nov 21, 2012 3:02pm
Quoting kyurem
Aryary

You advise to not over analyse or complicate. I've often read it but what does it really mean?
Can you explain the thinking process when you trade?

Thanks

Kyurem

Hi Kyurem,

Your initial post was asking whether you had the theory right (text). To me the text was fine as thats the info relayed in the thread.

My suggestion was that we can read and read but the application is also important. Hence apply the method to real-time and see how its working out - if its smooth then fine - if not then re-read and talyor it to how it can be right for you.

Unless you trade realtime things can be tough when you actually go in live.

Over analysing and complicating = like i said - read page 1 - see how simple arjun has kept it! From my own experience if we follow page 1 only - there is no need to search other strategies. What are the seniors saying - read - look - read - look - etc etc etc.

You asked the thinking process of my mind when i trade...

1. I work hard at whatever is presented to me. i dont care what day what time. See what time im replying - its 8.50pm UK for me. Look at my posting history - 15th Nov i posted - thats my wife's birthday. Look 17th nov - thats my birthday! lol. I work and work - when i find someting that requires work i do it. My work doesnt matter what day - makes many others happy!

anyway put the above senti stuff aside.

2. I get up and check whats happened in asia and i would have already my s/r levels in place (before i would have gone to sleep). See im in europe...so not bothered what the US (heavy weights do - just joking for the weight..lol.....) Asian session is important as thats is what the european session will develop from.

3. I know im a scalper but i like doing this (above work) analysis for the general views.

4. My style is scalping nature 10-30 pips. For that i will work whatever hours it takes.

I have no daily target, i have no weekly tagret and i have no monthly target - all i know is that what ever i need want and wish for is provided for in the fist few days of the month!

Just work hard! (its exactly 8.59pm now in uk....im still posting, im still re-reading x-man's pdf!!!!!)

sorry to bore you folks.
  • #15,174
  • Nov 21, 2012 3:08pm Nov 21, 2012 3:08pm
Quoting aryary
Hi Kyurem,

Your initial post was asking whether you had the theory right (text). To me the text was fine as thats the info relayed in the thread.

My suggestion was that we can read and read but the application is also important. Hence apply the method to real-time and see how its working out - if its smooth then fine - if not then re-read and talyor it to how it can be right for you.

Unless you trade realtime things can be tough when you actually go in live.

Over analysing and complicating = like i said - read page 1 - see how simple...
Thx aryary for your answer, I really appreciate.

Kyurem
  • #15,175
  • Nov 21, 2012 3:08pm Nov 21, 2012 3:08pm
Quoting emmanuel7788
Comparing this chart and the previous one you posted, looks like you are using the SHI channel indicators on M15, am I right?

This SHI channel indicator shows it 're-painted' after new highs were made.
http://www.forexfactory.com/attachme...1&d=1353528523

The previous chart show PA hit the SHI top channel, right?
and PA bounce back down..., right?
http://www.forexfactory.com/attachme...1&d=1353491441...
Yes emmanuel.
I am used to SHI from x-man s3. I still have them as I think they are somewhat valid point for bouncing. Although they repaint, I feel like they are temporary support and resitance. I usually look at HTF. If the SHI have the same direction and the bouncing areas are similiar, I consider them more trustworthy. So should I clean it off the chart?

Forgive my dummy questions but you mean I shouldn't have entered cuz it bounce the SHI in the first pic?
  • #15,176
  • Nov 21, 2012 3:09pm Nov 21, 2012 3:09pm
Quoting aryary

Just work hard! (its exactly 8.59pm now in uk....im still posting, im still re-reading x-man's pdf!!!!!)
It's 10.07pm in here, and I'm still re-reading your posts
  • #15,177
  • Nov 21, 2012 3:11pm Nov 21, 2012 3:11pm
BASIC RULE Post#1:

Read post#1 everyday before you start look for trade setup and trigger.
There is no mention about 10EMA cross 200EMA. It actually says, 10EMA above or below 200EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: Basic Rule .png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,178
  • Nov 21, 2012 3:19pm Nov 21, 2012 3:19pm
Quoting emmanuel7788
last slept early and now woke up early ... it.s almost 5am my time.... waiting for my breakfast to be served. LOL
served on what matey...??..after the month's pips and the month almost ending...hmmmm must be a nice sweet sunrise breakfast....lol

any mate im off...its late for us in the cold european 'tight pips' environment.!!!

catch you in the european morning!
  • #15,179
  • Nov 21, 2012 3:21pm Nov 21, 2012 3:21pm
Quoting fxrobinhhood
Hi emmanuel

Thanks a million. I followed your charts on S3 and here. I am glad you had time to give some feedback.

Yeah, I sometimes can't help chasing the price. Of course I never enter the market price. I usually prefer pending limit or stop orders.

one of the common mistake is not waiting for the M15 candle to close and confirm the PA.
Be patient always and wait for the candle top close then pull the trigger if there is a high probability setup.

why use stop order?
you want to buy at higher price and sell at lower price????

limit order will get you a better price, agree?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,180
  • Nov 21, 2012 3:25pm Nov 21, 2012 3:25pm
Quoting fxrobinhhood
Yes emmanuel.
I am used to SHI from x-man s3. I still have them as I think they are somewhat valid point for bouncing. Although they repaint, I feel like they are temporary support and resitance. I usually look at HTF. If the SHI have the same direction and the bouncing areas are similiar, I consider them more trustworthy. So should I clean it off the chart?

Forgive my dummy questions but you mean I shouldn't have entered cuz it bounce the SHI in the first pic?

well if you believe PA will bounce when touch SHI channel, then wait for price pullback and get a better entry price.

I posted the BASIC RULE just few post above. Follow that closely and you won't go wrong tomorrow after Tokyo sushi time. GMT0600

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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