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Another simple system - Time-Frame 15

  • #15,361
  • Nov 23, 2012 1:04am Nov 23, 2012 1:04am
Quoting Ramjet
Hi ya Emmanuel..

See the BUOB you've used in this chart are you using just the bodies to make such a bar...if so are we suppose to look for a larger body of the bar say some thing like a % bigger than the previous bar??
Sorry for asking but I've been taught the bar should completely engulf the prior bar, wicks and all..

Cheers,
Adrian

It can be subjective. That is why there are many trading decision which are discretionary depends on one' experience and comfort in risk management.

The candle the body is enough to determine a good engulfing pattern when the upper and lower wicks are not extremes.
CS body and wicks tell you the market BEAST's sentiment of the buyers and sellers.

Edit: the body shows the momentum of the price.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,362
  • Nov 23, 2012 1:09am Nov 23, 2012 1:09am
Quoting lowweiting
thk for reply...

i notice that u really pro in reading candle...really..

i was save alot of ur candle chart post...(but not yet hv time to to read)...Lol.

thk .. will keep posting...
Hi lowweiting,

It is not difficult at all. Learn to love what you are doing and it will be easy and you will enjoy it much more than the money.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,363
  • Nov 23, 2012 1:11am Nov 23, 2012 1:11am
Quoting lowweiting
thk for reply...

i notice that u really pro in reading candle...really..

i was save alot of ur candle chart post...(but not yet hv time to to read)...Lol.

thk .. will keep posting...
Hi ya Lowweiting..

Not sure if you have these 2 Pdf's on Price Action bars to help you..

Cheers,
Adrian
Attached File(s)
File Type: pdf Candlestick Patterns.pdf   601 KB | 759 downloads
File Type: pdf Three Powerful FOREX Price Patterns.pdf   1.8 MB | 792 downloads
  • #15,364
  • Nov 23, 2012 1:13am Nov 23, 2012 1:13am
Quoting emmanuel7788
It can be subjective. That is why there are many trading decision which are discretionary depends on one' experience and comfort in risk management.

The candle the body is enough to determine a good engulfing pattern when the upper and lower wicks are not extremes.
CS body and wicks tell you the market BEAST's sentiment of the buyers and sellers.

Edit: the body shows the momentum of the price.

Regards,
Cool..thanks for breaking it down and explaining
  • #15,365
  • Nov 23, 2012 1:43am Nov 23, 2012 1:43am
EU 23 Nov Trade :

Quoting emmanuel7788
Sorry folks I went way off-topic last post.

Now back to serious trading.

Here is my EU entry made a while ago.

3-bar pullback + bullish engulfing entry, small SL.
But Tokyo Bank holidays so expect sloooow one but BE trade .
This trade hit 5R target with small SL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 23 Nov GMT0500 trade23-11-2012 2-07-39 PM.png Size: 27 KB
Click to Enlarge Name: EU 23 Nov trade closed 5R 23-11-2012 3-40-11 PM.png Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,366
  • Nov 23, 2012 1:43am Nov 23, 2012 1:43am
EURUSD TRADE. Initial SL 6pips. TP 15pips @ Month High. Target Hit. Waiting to see what London Session has to offer.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 27 KB
  • #15,367
  • Nov 23, 2012 1:48am Nov 23, 2012 1:48am
EURJPY TRADE. Initial SL 8pips. TP 22pips @ Daily Open Price. Target Hit. Waiting to see what London Session has to offer.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 29 KB
  • #15,368
  • Nov 23, 2012 1:48am Nov 23, 2012 1:48am
Quoting jordfx
EURUSD TRADE. Initial SL 6pips. TP 15pips @ Month High. Target Hit. Waiting to see what London Session has to offer.

That's very nice trade!

Test, Break and Re-test ... bang! happens all the time.

incidentally that is Last W fib-r 161% that was tested and then ....


http://www.forexfactory.com/attachme...1&d=1353656591
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,369
  • Nov 23, 2012 1:49am Nov 23, 2012 1:49am
Quoting emmanuel7788
More and more I read members posts struggling with theri trading. I think we all should look at some perspective of successful trading.

Perspectives for Successful Trading:
[font=Verdana][size=2][color=#003333][color=#003333][font=Verdana]It's very important not to be overly engrossed in the mechanics of analysis. Our minds are wired to believe that elaborate analysis should give a "correct" trade setup. [b][b]However, a winning...
Very very important , very true post.
We as traders must find what suits us come up with a trading plan that we will follow everyday and not jump from method to method all the time.
all we need to remember that losing is part of the game
we just have to cut losses early and make winners run
X-man the legendary conqueror of markets
  • #15,370
  • Nov 23, 2012 1:53am Nov 23, 2012 1:53am
Quoting Ramjet
Hi ya Lowweiting..

Not sure if you have these 2 Pdf's on Price Action bars to help you..

Cheers,
Adrian
thk ... will read..
  • #15,371
  • Nov 23, 2012 1:57am Nov 23, 2012 1:57am
GBPUSD 23 Nov Trade:

My second trade after missing the first 3-bar pullback. Waited for price retracement and small SL .
Attached Image (click to enlarge)
Click to Enlarge Name: GU 23 Nov 23-11-2012 3-51-24 PM.png Size: 17 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,372
  • Nov 23, 2012 1:59am Nov 23, 2012 1:59am
Quoting emmanuel7788
GBPUSD 23 Nov Trade:

My second trade after missing the first 3-bar pullback. Waited for price retracement and small SL .
A true Master Craftsman!
  • #15,373
  • Nov 23, 2012 2:00am Nov 23, 2012 2:00am
My GU newb entry. H1, H4, m15 above 10ema. Away from 200ema. Also, rejection off of RN. TDI crossed upwards.

Attached Image
  • #15,374
  • Nov 23, 2012 2:04am Nov 23, 2012 2:04am
Hi all

Pattern ongoing on usdcad 15M

Kyurem
  • #15,375
  • Nov 23, 2012 2:18am Nov 23, 2012 2:18am
Quoting kyurem
Hi all

Pattern ongoing on usdcad 15M

Kyurem
Trigger now for 15 pip with 10 pip sl
  • #15,376
  • Nov 23, 2012 2:18am Nov 23, 2012 2:18am
Quoting emmanuel7788
EU 23 Nov Trade :



This trade hit 5R target with small SL.
wow !!
for a newbie like me its an awesome trade !!
Love
dom
  • #15,377
  • Nov 23, 2012 2:57am Nov 23, 2012 2:57am
Careful.. ifo out in 4 mins... big swings likely pips away GL x
If ask a silly question.. forgive me!i'm just confused again!
  • #15,378
  • Nov 23, 2012 2:58am Nov 23, 2012 2:58am
All Pair (GJ EU AU GU) ,suddenly move drop so fast because of new??
  • #15,379
  • Nov 23, 2012 2:59am Nov 23, 2012 2:59am
Quoting BorisViven
wow !!
for a newbie like me its an awesome trade !!
Love
dom
in my country when nobody speaks during a meal, we say it is because the food is good...
and i see nobody talks here ...

peace
dom
  • #15,380
  • Edited 3:39am Nov 23, 2012 3:05am | Edited 3:39am
Hello to all and everyone!

First of all, I would like to thank all for great, incredible, wonderful work! This thread is not just the usual discussion and conversation – like someone told here – this is a real home.
I’m saying “Thank you very very much” to mr. Arjun, X-man, Pip26, Gibril, Pat Chiko, Emmanuel7788, Imi, Ramjet, Assange, Aryary, Ciara, Xhale12, (отдельная благодарность Orko_555 ), Hubby7, Pkimnyc and other… You are not just a good men – you are good souls…

I’m neither an absolutely newbie nor professional in this business and still learning like many people here.
If you don’t mind, I will post here my charts, thoughts, questions and answers etc…

Again: Thank You All!!!

Ok. Here are two charts with my trades that I’ve taken yesterday (I haven’t traded today). It’s not my best trades, but not a worst as well. Both trades were stopped at BE. Anyway, I guess it would be better if I post all my trades – no matter profitable or unprofitable, cause someone can find something useful for himself…
Although both trades were BE, second trade could bring 55 pips for us. I was BE because I’m hunting now for best Risk/Reward ratio with tiny SL. It’s a part of my strategy. I feel myself most comfortable taking only a few trades a week, but with big R/R. Hope, I’ll be able to show you what I mean in the nearest future on live trades.

Hope my charts will help someone. If not – I’m sorry in advance. I don’t want to waste anyone’s time (most valuable resource). If I can help or do anything for someone – please don’t hesitate to ask me. Sooner or later I will respond to every message.

Have a nice day and green pipping to all!

Best regards,
Artem
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AJ.jpg Size: 140 KB
Click to Enlarge Name: GJ.jpg Size: 121 KB
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