Another simple system - Time-Frame 15 | Page 773 | Forex Factory

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Another simple system - Time-Frame 15

  • #15,441
  • Nov 23, 2012 9:21am Nov 23, 2012 9:21am
Quoting smarco
WHERE ENTRY?

We can get our trade near/at touch of EMA10 or EMA50...

EMA10
A: BAD entry near EMA10
B: GOOD entry near EMA10
C: GOOD entry near EMA10

EMA50
A: GOOD entry near EMA50
B: entry LOST near EMA50
C: entry LOST near EMA50

How to detect where enter... and not lose the entry or take SL?
For what its worth sometimes after erratic pa things just need a little more time. Personally I think the hammer with little/no upper wick see C on your chart was a great entry. So it looks like ejiexe was correct after all. Nice one.
  • #15,442
  • Nov 23, 2012 9:26am Nov 23, 2012 9:26am
Quoting Vantage
For what its worth sometimes after erratic pa things just need a little more time. Personally I think the hammer with little/no upper wick see C on your chart was a great entry. So it looks like ejiexe was correct after all. Nice one.
Thats what I said "nice trade"! Stop was just too tight.
  • #15,443
  • Nov 23, 2012 9:28am Nov 23, 2012 9:28am
Vol coming back, solid engulfing close (in terms of our definition close above prev 2 candle closes) little no upper wick on set up candle. 15 min higher low into trend.

Its debatable that this entry was late but with such a poor range so far today happy to take. Close week off with +27, exited as soon as move up stalled and rolled over. With some neck/back health issues today keeping computer time limited just happy to have snagged this one.

As long as ej keeps signalling and other TF's not screaming sell happy to keep buying.
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  • #15,444
  • Nov 23, 2012 9:32am Nov 23, 2012 9:32am
Quoting emmanuel7788
Hi,

The beast in us is there to stay forever. No way to get rid of it.
We need to TAME the beast in us.
Keep at it.

regards,
Humm. Thank you.

We can TAME the beast in us if we follow the rules, never jump from one system to another, use good MM, never over leverage. We should also change our perception about looses. Do the same thing over and over again until we train our eyes to see only the bird eyes.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,445
  • Nov 23, 2012 9:39am Nov 23, 2012 9:39am
EOW:

Hi ALL,

time for me to hit the sack.
has been a long day and EOW for trading.
it has been lots of fun with many of you online and sharing..thank you.

Have a Great Weekend!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,446
  • Nov 23, 2012 9:46am Nov 23, 2012 9:46am
Quoting emmanuel7788
EOW:

Hi ALL,

time for me to hit the sack.
has been a long day and EOW for trading.
it has been lots of fun with many of you online and sharing..thank you.

Have a Great Weekend!
Cheers my friend. Never did say thanks for following you over here. So thanks, have a good 'un.
  • #15,447
  • Nov 23, 2012 10:21am Nov 23, 2012 10:21am
Quoting emmanuel7788
EOW:

Hi ALL,

time for me to hit the sack.
has been a long day and EOW for trading.
it has been lots of fun with many of you online and sharing..thank you.

Have a Great Weekend!
Have a nice weekend
  • #15,448
  • Nov 23, 2012 11:01am Nov 23, 2012 11:01am
Quoting kbforex
hello all!
could some pls assist me in downloading SIMULATOR onto my mt4 platform to practise/backtest.
pls, i really need to practise wat i have been able to learn so far.
thanks
Hi kbforex,

Please download the following zip file - inside you have the simulator and precise instructions on how to use it!

Happy practising!
Attached File(s)
File Type: zip LFH (1).zip   370 KB | 647 downloads
  • #15,449
  • Nov 23, 2012 11:14am Nov 23, 2012 11:14am
Quoting lowweiting
GJ Lose Trade...

4H - Price was closed below 10EMA

1H - Price pull back to 10EMA

15M - entry abit late...

finally hit my SL...lose because of BigRN??

Hi mate,

I was looking at this pair this morning for a possible 200ema break trade. I took the u/j trade instead - mainly because cable was looking messy between 200ema and 800ema.

Even if the 200ema break on gbp/jpy was taken could have scalped some pips or taken a b/e that after moving about 30 pips.

You took an entry after the pin. A friend was also looking at the same setup but i held of due to -

15min - gbp/jpy - see how after breaking 200ema first time it retraced, tested and came lower again - but did not make a new low - then consolidated between 200ema &10ema.

15min - gbp/usd - very strong support just below 800ema

15min - usd/jpy - pretty much sideways.

One of these had to push it lower - so i believe the entry was too early rather then anything else. The PA needed to develop further ie the 10ema. Yes and the RN was there also (but that was already breached earlier).

Hope that helps.
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  • #15,450
  • Nov 23, 2012 11:16am Nov 23, 2012 11:16am
Quoting ForexNerds
Hi kbforex,

Please download the following zip file - inside you have the simulator and precise instructions on how to use it!

Happy practising!
thanks, thanks ForexNerd, i have downloaded it, trying t see how to use it.
thanks
Enter Signature
  • #15,451
  • Nov 23, 2012 11:21am Nov 23, 2012 11:21am
Thank you Emmanuel for all the teachings.

Taking my beast to see a movie, in a bid to tame and pamper it.

The market has just been giving up pips. Too scared to look at my profit, before i start expecting such everyday.
Let your plan trade for you, not your emotion!!!
  • #15,452
  • Nov 23, 2012 11:24am Nov 23, 2012 11:24am
Quoting xremmy
Thank you Emmanuel for all the teachings.

Taking my beast to see a movie, in a bid to tame and pamper it.

The market has just been giving up pips. Too scared to look at my profit, before i start expecting such everyday.
Brother xremmy....You need water to put off the fire...not petrol...
Remember this....He(Beast) is taking you to the movie...you are not taking Him(Beast)
Watch it...lol
Stay blessed as always.
Let all the living things live blissfully
  • #15,453
  • Nov 23, 2012 11:24am Nov 23, 2012 11:24am
so many good oppurtunities to make pips today following the basic setup.

the bad thing is the price was moving to much to pullback to the 10 ema

I chose to take a week off from trading as I had a lot of college work to do and since it was thanksgiving week I thought it would be quiet. well i was wrong lol

zander
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  • #15,454
  • Nov 23, 2012 11:36am Nov 23, 2012 11:36am
pls,pls guys,

i have downloaded the SIMULATOR n cant get it attached on my chart.pls help, pls help
thanks
Enter Signature
  • #15,455
  • Nov 23, 2012 11:52am Nov 23, 2012 11:52am
Quoting loveevery1
Brother xremmy....You need water to put off the fire...not petrol...
Remember this....He(Beast) is taking you to the movie...you are not taking Him(Beast)
Watch it...lol
Stay blessed as always.
I understand Master. I need to remain humble always.

Thank You very much.
Let your plan trade for you, not your emotion!!!
  • #15,456
  • Nov 23, 2012 1:48pm Nov 23, 2012 1:48pm
Trading Structure.
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  • #15,457
  • Nov 23, 2012 4:33pm Nov 23, 2012 4:33pm
Quoting kbforex
pls,pls guys,

i have downloaded the SIMULATOR n cant get it attached on my chart.pls help, pls help
thanks
Mate, I don't know what to reply... the whole procedure is explained step by step in that pdf. You have to read it slowly and you will make it work. Otherwise, please explain where you get stuck.

Have a nice weekend everyone.
  • #15,458
  • Edited Nov 24, 2012 1:09am Nov 23, 2012 4:59pm | Edited Nov 24, 2012 1:09am
Quoting loveevery1
[b][b][b][color=Red]

hello mate...

I agree that psychology plays a major role in trading..we doubt the best setups and fall prey to the worst setups coz of DOUBT.DOUBT is coz of FEAR.FEAR is give to us by evolution for survival.

FEAR....has its own PROs and CONs....It will let you be cautious before taking a trade(ANALYSING)....and at the same time it will let you miss a trade because you over analysed.....somtimes while you are on a trade...it will let you get out early with just 10 pips on the 50 pips running trend.and sometimes...
I just read the most important post of Arjun, second time. This time i got chills all over my body.
The Anger part in this post showed me solution to my problem.
I've been running a small company with partner for almost three years and last year I was really depressed because of my partner. (His attitude, no desire to grow... no efforts to find more work, only taking company profits for his own fun). Six month ago I decided to quit and initiated the process of selling a company. Right now it's coming to the end, after the whole process is complete, I'm gonna move to another country. All these months I was really angry, now I understand why it was so hard for me to get a bright idea..
Today I was driving a car and caught myself thinking of revenge... My mind spent quit time imagining what I could do to a partner to satisfy myself. This is a beast who've taken so much time of mine. Instead I could think of how my family could spend a time on weekends or how I could teach my boys something new. Looks like I need to learn from the ground so many things. It's like I was brought to this forum by Him, He knew something is gonna click in me...

Arjun, you remind me my deceased grandparents. It appears there is one eternal wisdom and few people could embrace it.. Be blessed


P.S. One good person advised me to try forex in meantime. Lucky me, I ran straight into master Arjun thread and now I enjoy reading it. Hope to see more physiological posts from our teachers
  • #15,459
  • Nov 23, 2012 5:52pm Nov 23, 2012 5:52pm
hi imi if u dont mind may i know how to contact u plz ?

Happy Thanksgiving to all american brothers and sisters, (poor turkeys, lol)

I've been busy with home updates, I traded here and there, when I had time,
some asian setups, been only traded e/aud and g/j this week.

Here is one I caught this morning, pretty quick 60 pips.[/quote]
  • #15,460
  • Nov 23, 2012 7:01pm Nov 23, 2012 7:01pm
Wow, Still reading the first 200 pages of this thread... hope everybody got some good pips today!
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