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Another simple system - Time-Frame 15

  • #15,181
  • Nov 21, 2012 3:29pm Nov 21, 2012 3:29pm
Quoting aryary
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!

it is 5:30am and not yet sunrise.... maybe the sun is waiting for the rooster to crow then it will rise....LOL


it is nice to be eating my brekkie with all of you in company.

see you when FFM open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,182
  • Nov 21, 2012 3:54pm Nov 21, 2012 3:54pm
Quoting emmanuel7788
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.


Quoting emmanuel7788
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?
Quoting emmanuel7788
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

Wow. Thanks for the big supper. (I really appreciate your helpful and detailed chart expalantions.)

Yes sir.
I have learned my lessons. I will repeat that every night before hitting the sack.

1. 10ema above 200 ema that means trend is up and I shall wait for the valid setup. and vice versa (that is trading the trend)
2. I will wait for candle close above 10 ema. No chasing.
3. I will get the TDI confirmation
4. I will use limit order or market price when I am confident it is a right entry.

all best wishes and big pips to you, master.
  • #15,183
  • Nov 21, 2012 4:21pm Nov 21, 2012 4:21pm
Happy Birthday in Arrears Aryary
Let your plan trade for you, not your emotion!!!
  • #15,184
  • Edited 7:01pm Nov 21, 2012 5:39pm | Edited 7:01pm
Quoting piprac
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.
ADR Indicators..

Hi ya Piprac..

Here's 2 ADR indicators..

X-Man: http://www.forexfactory.com/showthre...23#post6029523
Loveevery1: http://www.forexfactory.com/showthre...78#post5505978

ADR Lesson: http://www.forexfactory.com/showthre...53#post6059153

Cheers,
Adrian
  • #15,185
  • Nov 21, 2012 5:42pm Nov 21, 2012 5:42pm
Quoting xremmy
Happy Birthday in Arrears Aryary
Hey Aryary..

"Happy Birthday" ....better late than never huh! hope you had a good one!!

Thanks for all the great posts you put up while I was zzzzzzzzzzzzzzzz!!
  • #15,186
  • Edited 7:17pm Nov 21, 2012 6:08pm | Edited 7:17pm
Quoting emmanuel7788
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.
Newbies: The Plan.. The Potential..

Hi ya Everyone..

Just following on from Emmanuel7788 I just wanted to put this out there again as so important I think when starting out when it can be confusing and frustrating..

This is the basic Plan that Loveevery1 and X-Man do every day to keep things simple and uncomplicated.. http://www.forexfactory.com/showthre...79#post6104379

And this is the Potential if you keep at it and follow the basic Plan..
http://www.forexfactory.com/showthre...35#post6089735
http://www.forexfactory.com/showthre...57#post6162457

Cheers,
Adrian
  • #15,187
  • Nov 21, 2012 6:36pm Nov 21, 2012 6:36pm
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...
Hi Aryary

thanks for sharing your daily hard work.Your post did not bore me. Please can you give link of X- mans pdf which you mentioned in this post, May be i missed that.

thanks
  • #15,188
  • Nov 21, 2012 6:56pm Nov 21, 2012 6:56pm
Quoting afos
Hi Santori, can you please post your mini charts indi up , as the one i have is a little weak on data options.
thanks
abp
HI afos
Hope it helps.
I also attached .rar file in case you don't have font file.
Regards
Attached File(s)
File Type: ex4 pipware-charts.ex4   71 KB | 355 downloads
File Type: rar LE1_MiniCharts.rar   58 KB | 355 downloads
  • #15,189
  • Nov 21, 2012 6:57pm Nov 21, 2012 6:57pm
Hi all

It's been a while. I've been pretty busy with work lately.

This summer I recommended Armada Markets to LE1 but warned that they are new and nay prove to be dishonest in the long run.

Well here I am correcting my recommendation.

See the spike in UCHF on H4? It doesn't exist on resltimepro and netdania.

Stop hunting guys!

Please if you are using them let them know we are not stupid!

Driving to New Orleans... godbless
  • #15,190
  • Edited 7:43pm Nov 21, 2012 6:59pm | Edited 7:43pm
Quoting mkfx
Hi Aryary

thanks for sharing your daily hard work.Your post did not bore me. Please can you give link of X- mans pdf which you mentioned in this post, May be i missed that.

thanks
X-Man PDF..

Hi ya Mkfx..

Here you go..also some other great posts from X-Man..
http://www.forexfactory.com/showthre...72#post6060372
http://www.forexfactory.com/showthre...23#post6076123
http://www.forexfactory.com/showthre...06#post6077206

Cheers,
Adrian
Attached File(s)
File Type: pdf X-man Posts.pdf   6.7 MB | 1,381 downloads
  • #15,191
  • Nov 21, 2012 7:31pm Nov 21, 2012 7:31pm
Quoting pkimnyc
had 5 initially. closed 2 today. would be very nice if we can get to 2850.
Quoting WinwinFx
Bro,

Look to me it will come back down tomorrow lol.....Take a look at Daily Chart. but that just me lol....newbies.

what you think...
have a good one.
  • #15,192
  • Nov 21, 2012 8:02pm Nov 21, 2012 8:02pm
Quoting emmanuel7788
EURUSD 21 Nov H4 Pop Gun:

A Pop Gun just showed up on H4. Keep track of this one and see how it will play into the future.
This is how it happened as I was having my brekkie and chatting with some of you earlier. I know a few got to bed with stomach full of pips. LOL.

Today better watch what will happen to EU. before the holidays in the US.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 21 Nov H4 Pop Gun 21-11-2012 4-04-46 PM.png Size: 34 KB
Click to Enlarge Name: EU Pop Gun Breakout 22-11-2012 9-53-22 AM.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,193
  • Nov 21, 2012 8:03pm Nov 21, 2012 8:03pm
nice and simple, which is always appealing

will follow along and post some set-ups........as an experiment

* be good to see some real time charts from the threads proponents
  • #15,194
  • Nov 21, 2012 8:25pm Nov 21, 2012 8:25pm
Train your Eyes:

Here is one chart example for practice:
Attached Image (click to enlarge)
Click to Enlarge Name: Train your Eyes 1.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,195
  • Edited 9:13pm Nov 21, 2012 8:31pm | Edited 9:13pm
Hello to all members and mentors on this thread.

I'd like to remember this day, that's why I'd like to write this.

First of all I have a very bitter, angry feeling. Feels like I was humiliated by this market since I've started trading (1.5 months). Yes, this emotional pain comes from loosing. All I got is 15% of my initial account...

I'd like to learn a serious lesson here. I analyzed all the past trades and this is what I see today in all those trades.

First when I started
1. too early entry (impatient, overconfident),
2. too late entry(fear),
3. no proper S/L, T/P (not knowing whats market doing),
4. increased money per lot to get more profit (get my money back, from previous loss trade. or we can call it greed)
5. taking on more setups per week (mostly CT).

I don't want to insult the owner or seniors of this thread by showing how bad I am with trading as I'm just new and inexperienced guy who wants to learn.

Its right to say, that something wrong with my attitude. I can see my mistakes right now, at least some of them, when I'm not in-front of chart waiting to pull a trigger. Its totally different when I'm about to open a trade. Am I crazy?

I hate to lose... should I stop trading? Than I'm gonna admit that I'm a looser? Lately I found myself having adversarial relationship with market... Being a looser makes me believe in this statement "I must learn better technical analyses". But its not gonna make things simple!

Last time I had similar feeling, when I failed my exam in high school... I'm not giving up, all I want to learn and help others.

Be blessed everyone.


EDIT: Currently reading "Trading in the Zone", and so far I have every bad behavior described there. Exception is winning attitude, which I believe, will be tested by market during my learning curve over and over!
  • #15,196
  • Nov 21, 2012 8:59pm Nov 21, 2012 8:59pm
Quoting lehin
Hello to all members and mentors on this thread.

I'd like to remember this day, that's why I'd like to write this.

First of all I have a very bitter, angry feeling. Feels like I was humiliated by this market since I've started trading (1.5 months). Yes, this emotional pain comes from loosing. All I got is 15% of my initial account...

I'd like to learn a serious lesson here. I analyzed all the past trades and this is what I see today in all those trades.

First when I started
1. too early entry (impatient, overconfident),
2....
Hi Lehin,
Be brave and positive bro. Just 1.5 month trading is nothing and you still remain of 15% initial account that must be not bad. I've burned my first account just in 3 days.
But you are so lucky to jump in this Holy Grail thread. Be patient and stick to only basic set ups (Arjun candle) then your account will be grow up quickly.
Cheers.
Accept as it is being!
  • #15,197
  • Nov 21, 2012 9:26pm Nov 21, 2012 9:26pm
Quoting Vnfx
Hi Lehin,
Be brave and positive bro. Just 1.5 month trading is nothing and you still remain of 15% initial account that must be not bad. I've burned my first account just in 3 days.
But you are so lucky to jump in this Holy Grail thread. Be patient and stick to only basic set ups (Arjun candle) then your account will be grow up quickly.
Cheers.
Thank you Vnfx for encouraging. I know from the past experience, that I learn only from personal mistakes. I tried to learn from other people mistakes, but its not working for me. The thing that hurts is, that I was so deliberate when I started, I spent days and night reading and making notes and later, more I traded more mistakes i did. Its like my brain plays some nasty tricks with me. lol. For the last week, If anyone did exactly opposite trades to trades I did, that person would make a lot of money.

It seems like i need start spending less time in front of charts.
  • #15,198
  • Nov 21, 2012 9:33pm Nov 21, 2012 9:33pm
Quoting lehin
Hello to all members and mentors on this thread.

I'd like to remember this day, that's why I'd like to write this.

First of all I have a very bitter, angry feeling. Feels like I was humiliated by this market since I've started trading (1.5 months). Yes, this emotional pain comes from loosing. All I got is 15% of my initial account...

I'd like to learn a serious lesson here. I analyzed all the past trades and this is what I see today in all those trades.

First when I started
1. too early entry (impatient, overconfident),
2. too late...
Dear Lehin,

You describe exactly what I was years ago.

You just started on this long journey of 10,000 hours. You can give up now or you can continue on.

It won't be easy.

You need to have a strcuture to follow and train yourself to become a trader, ... then become a super trader.

Trading is : 3M's

10% Method
30% Money Management
60% Mind and Mental Fitness i.e. managing the trader's psychology.

the 60% is will not be easy to learn.

When you finish reading the book Trading in the Zone, you can PM me for the next book to read.

Good Journey!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,199
  • Nov 21, 2012 9:45pm Nov 21, 2012 9:45pm
Quoting emmanuel7788
Dear Lehin,

You describe exactly what I was years ago.

You just started on this long journey of 10,000 hours. You can give up now or you can continue on.

It won't be easy.

You need to have a strcuture to follow and train yourself to become a trader, ... then become a super trader.

Trading is : 3M's

10% Method
30% Money Management
60% Mind and Mental Fitness i.e. managing the trader's psychology.

the 60% is will not be easy to learn.

When you finish reading the book Trading in the Zone, you can PM me for the next book to read....
Dear Emmanuel, LE1 and others. Here is the fact that I didn't consider when I started learning this system. I live at PST time, all trading has to be done from 12am - 6am (night) my time (according LE1 rules). As I believe we have to sit at monitors and charts looking for proper set ups. After month of tradingI felt like I need more sleep time, otherwise my mind won't be clear. I still have my daily job. Whats a good route for me to go to keep trading? should I just stick to NY opening, thus do trades early morning? Maybe start looking for HTF trades and keep trades running several days? Please share from your experience pls.
  • #15,200
  • Nov 21, 2012 10:04pm Nov 21, 2012 10:04pm
Quoting Gibril
Hi robuk,

Greetings to you.

Took me 6 months to understand " Basic Set Up".

Currently.... I only started to learn about "Counter Trend" Set Up... Just beginning to learn in November.

I still have a lot more catch up to do, because as non-english speaking person... I need to read each post minimum of 3 times to understnd it. If the post are long and full of details...it took me 2 days to get its true meaning ( I've always do cross check with other sources for detailing).

Have an...
Hello Gibril , thank you very much for your reply and good wishes , also I just watched your dvd , absolutely great , I hope you do some more .I have been studying hard but I am a slow learner , it seems , but I am old man , my brain not as quick as before .But i'll just keep trying to learn all I can.
good luck
Rob
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