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Another simple system - Time-Frame 15

  • #15,461
  • Nov 23, 2012 7:32pm Nov 23, 2012 7:32pm
Quoting nocanda
Wow, Still reading the first 200 pages of this thread... hope everybody got some good pips today!

@nocanda,

well you got started reading, good on you.
if you read 10 pages per day, you need about 100 days to complete all current pages.
But we are full steam adding 5+ pages more per day.

What I did is to read as many pages of the history per day, then do fast forward and read the current day posts to keep up todate with the people here.

Enjoy!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,462
  • Edited 8:14pm Nov 23, 2012 7:40pm | Edited 8:14pm
Quoting lehin
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,...
Dear lehin,

You touch my heart sharing your life experience here. Bless you for this.

This thread is not just about trading the market.
It is the spread of Love from Him.
It is about helping the poor and needy in our society.
It is life changing experience for some and reaching out to many.
Everyone has his/her own story to tell.
These make this thread very unique and a great place to be in.

Thank you Arjun aka Loveevery1 for starting this thread.

Be Blessed Everyone.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,463
  • Edited Nov 24, 2012 9:16pm Nov 23, 2012 9:49pm | Edited Nov 24, 2012 9:16pm
Ultimate Trading Goal

If somebody asks me what is my most precious lesson learned from this thread, then you guess what is my answer?

It's not about the method (although still be very important) but the LOVE and HUMANITARIANISM. Since then, my psychology has gradually been improved as I think of the needy to wait for my trading sucess to help them. I'm starting to become more discipline to myself in trading when my Ultimate Trading Goal is now very clear and straightforward.

Whenerver your beast arising, please just think of the needy awaiting for your results, then you will become peaceful and responsibility.

Hope this help Lovebees (including me) improve your trading psychology.
Cheer and Blessing.

Ps. I've changed my signature since this post as hereunder.
Accept as it is being!
  • #15,464
  • Nov 23, 2012 10:06pm Nov 23, 2012 10:06pm
Quoting lehin
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,...
Good afternoon brother lehin,
I have just finished reading your post and I too can relate to your experiences, your frustrations and your anger. I was reading your post to my wife and she thought that I was posting our experience with our business partner.
Ironically, my ex business partner was a family member. Lehin, let me tell you, that my cousin had an arrogant attitude, no desire to grow the business, no efforts to expand the business and he too was only looking at his own profit with no respect to my intentions and desires. He was using and manipulating my good nature and my kindness .
I developed the courage and strength to finally walk away after a 6 year relationship. I should have known better, as a similar attempt in doing business with him, failed 20 years ago. But, I thought I'd give him a second chance.
Lehin, my friend, time DOES heal all wounds. I can say this because I experienced it myself, as 12 months ago, I was in a state of anguish. I felt cheated and revengful. 12 months on, I've learnt to let go and through this, I truly believe that I am a better person for it. In time you too will rise above it all. Strength is on your side.
There is an abundance of loving and caring people in this world. We have seen it in this thread.
Love everyone.

Steve
  • #15,465
  • Nov 23, 2012 10:29pm Nov 23, 2012 10:29pm
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  • #15,466
  • Nov 23, 2012 11:23pm Nov 23, 2012 11:23pm
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?
Brother 3 candles before " c " is proper according to me...its safe and secure to take only these brother.dont break your head with other setups ....it will only confuse you.
Let all the living things live blissfully
  • #15,467
  • Nov 24, 2012 1:34am Nov 24, 2012 1:34am
For me the trading psychology switch went on when (to quote a phrase) I stopped trying to jump on everything in sight (I've been in front of the computer 10 mins and haven't had a trade yet ) and started acting in 'my own best interests' (Trading in the Zone). That phrase covers a multitude of trading sins.

I've used the analogy before but studying for certain finals (accounts being the best example) I would take the answers to questions and then worked backwards to make sure I clearly understood where the answers were coming from.

Relating that to forex, I started to look at a D chart with the end in sight. Certain things seemed to happen over and over again at the start of a move, certain things became clear. Nothing works 100% but they work often enough that when they fall into place your odds become much greater. That helps you to not chase everything and to wait for our fave weapon of choice (15 min above 200 ema) to fall into place.

Some of the things I noticed:

 

  1. Good candles should follow through the next day e.g. an engulfing close (don't even worry about the correct definitions and perfection did you close above or below the previous 2 candle closes)
  2. Did the candle just break the immediate range
  3. Did the D itself have a HL or LH close back into trend, i.e. did the D flow continue
  4. Did we have an evening/morning star pattern (yes ok I know thats also a close below/above the 2 previous closes)
  5. Are we above/below the RSI 50 level
  6. Are we above/below the tight D ma

Once some/most/all of these things happen the following day becomes more focused, the ability to be patient is easier as you are almost assured (well as much as you can possibly be in this game) that things have a great chance to play out in line with 15 min trend entry.


If you look carefully at your charts on D, even where it seems that above scenarios 'failed', on a 15 min chart they still provided a trade.


This EUR chart shows many of the above examples, engulfing closes, D higher lows/lower highs back into trend, evening/morning star patterns, most in line with RSI cross and when really in trend above/below RSI 50 level.


To bring that into line with a practical example. Mrs V phoned me yesterday to sell EJ around LO, I said no its not system (didn't matter it might have been a good CT scalp Mrs V is not there yet) and the risk is IF it failed and she's busy getting stopped out it might make her miss the correct entry back into trend. Price chopped a while as we know, she took her chance to rest her neck/back. Came back for US session and got a nice +27 in line with system. Finishing off a great week for her and at the moment we are running at 1 losing trade for the month.


Forex takes some work. but work in relation to what? A degree, stuck in traffic jams for hours every day, a pain of a boss? it potentially has the chance of being the most difficult thing you'll do in your life. Fortunately with some of the right help, focus on a few basics you can put the odds in your favour and reduce the learning curve. You can put some rules in place that will enable you to be successful, to 'act in your own best interest'.



Mrs V has a fave phrase at the moment as she is on the verge of significantly exceeding her best month - humble trader. I am (and I think I succeeded in changing this yesterday), getting her to say to herself TREND TRADER.


Point of it all look at some of D set ups, look at 15 min the next day, were there successful 15 min trades trend or CT? Would this help focus on trend.



This methodology worked wonders for me, cheers.

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  • #15,468
  • Nov 24, 2012 2:52am Nov 24, 2012 2:52am
Quoting Vantage

 

  1. Good candles should follow through the next day e.g. an engulfing close (don't even worry about the correct definitions and perfection did you close above or below the previous 2 candle closes)
  2. Did the candle just break the immediate range
  3. Did the D itself have a HL or LH close back into trend, i.e. did the D flow continue
  4. Did we have an evening/morning star pattern (yes ok I know thats also a close below/above the 2 previous closes)
  5. Are we above/below the RSI 50 level
  6. Are we above/below the tight D ma

With the D ej bias up like a lot of traders we were looking to buy ej. Got this set up, live chart posted here http://www.forexfactory.com/showthre...31#post6225631. With a solid close 15 min, little/no upper wick, engulfing (doesn't engulf prev candle but closes above the prev 2 candle closes) right at the extreme of recent range, the prior erratic pa now has a wave taking out the upper wicks from prev 4 hrs range.

Pretty much all of items from above D list ticked off on this entry. And of course close above 10/200 ema's.
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  • #15,469
  • Nov 24, 2012 3:28am Nov 24, 2012 3:28am
Thankyou very much Gilbril, Assange and Pat Chiko for the Vouches!



Emmanuel, I would like to wish your sons best of luck in their studies in Sydney and Melbourne. One of my biggest pleasures is to see my sons growing into happy, kind and successful people.

Love Renata
  • #15,470
  • Nov 24, 2012 4:03am Nov 24, 2012 4:03am
EURJPY 15 MIN


ENTRY Above 10ema and 200 ema/ L...HL


SL 14 pips


TARGET Exit BRN


PIPS 27

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EURUSD 15 MIN

ENTRY Above 10ema and 200 ema/ L...HL /green tdi above yellow

SL 8 pips

TARGET Exit BRN

PIPS 47

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NOTE : only trading two currencies at the moment EurUsd and EurJpy. No CT trades, just above or below 10ema/200ema. Plan is to add more lots to the trade not watch more currencies. Trying to keep it simple!
  • #15,471
  • Nov 24, 2012 4:57am Nov 24, 2012 4:57am
Excellent trades, Renata. Have you stopped using pivots? The EU signal was just under R1..
  • #15,472
  • Nov 24, 2012 7:42am Nov 24, 2012 7:42am
Need Some Help form Everyone.


Greetings everyone and hope all of you are having a good weekends with family.



I received an email from my personal friend asking me this question ( he is not from this thread and has his own trading system)


The question is... with the system he is using, he can have a consistent run for weeks, hardly taking any significant loss. He built up his account equity up that doing it well and keep on adding another zero on the end of his account every week.



BUT............ then he start to take a significant loss that starts some kind of chain reaction and he will wind up pissing away weeks worth of hard work within a couple of days.............. ( this is his serious problems ....)



I know him personally and I know he can trade, but eliminating the significant draw down cycle is his problem.



AS LOVEBEES, i hope anyone here can give me some guide on what shall I say to him ?. Hope to help my friend to stand up again.


Thank You for your help.


giBriL
  • #15,473
  • Nov 24, 2012 7:50am Nov 24, 2012 7:50am
Quoting Gibril
Need Some Help form Everyone.


Greetings everyone and hope all of you are having a good weekends with family.



I received an email from my personal friend asking me this question ( he is not from this thread and has his own trading system)


The question is... with the system he is using, he can have a consistent run for weeks, hardly taking any significant loss. He built up his account equity up that doing it well and keep on adding another zero on the end of his account every week.



BUT............ then he start...
Dear Gibril;

I believe this happened to all the traders, it happened to me as well.

My suggestion is to stop trading, walk away from the computer; free the mind first.
And then come back and analysed what went wrong with previous trade.
Then do couple of small lot with the same method, to gain back confidence.

Thanks, 2 cents suggestion.
  • #15,474
  • Nov 24, 2012 7:55am Nov 24, 2012 7:55am
Hi people

Please pray for our dear family member Wonderwoman who is ill and currently in hospital (I will not give details). I would love and appreciate everyone praying for her. Have prayers that would remember her each day for better health.

Dear Wonderwoman

I hope you get well soon, and come back to your normal health. Keep faith and pray to God.

My Prayer For You
”May The Worst Day Of Your Future
Be Better Than
The Best Day Of Your Past …”
  • #15,475
  • Nov 24, 2012 8:16am Nov 24, 2012 8:16am
Quoting aryary
Hi people

Please pray for our dear family member Wonderwoman who is ill and currently in hospital (I will not give details). I would love and appreciate everyone praying for her. Have prayers that would remember her each day for better health.

Dear Wonderwoman

I hope you get well soon, and come back to your normal health. Keep faith and pray to God.

My Prayer For You
”May The Worst Day Of Your Future
Be Better Than
The Best Day Of Your Past …”


We will remember you in prayer indeed dear sister. May good fortune smile upon your health once more as surely as the sun rises at dawn. Amen.
  • #15,476
  • Nov 24, 2012 8:20am Nov 24, 2012 8:20am
Quoting Gibril
Need Some Help form Everyone.


Greetings everyone and hope all of you are having a good weekends with family.



I received an email from my personal friend asking me this question ( he is not from this thread and has his own trading system)


The question is... with the system he is using, he can have a consistent run for weeks, hardly taking any significant loss. He built up his account equity up that doing it well and keep on adding another zero on the end of his account every week.



BUT............ then he start to take a significant...

I think the first solution to any problem is to identify exactly where or what the problem is. Is it an inherent flaw in the STRATEGY? Is it an issue of Money Management? Is it an issue of psychology? That would determine the kind of advice that you would need to be given in my opinion.
  • #15,477
  • Nov 24, 2012 8:33am Nov 24, 2012 8:33am
Quoting aryary
[size=3]Hi people

Please pray for our dear family member Wonderwoman who is ill and currently in hospital (I will not give details). I would love and appreciate everyone praying for her. Have prayers that would remember her each day for better health.

Dear Wonderwoman

I hope you get well soon, and come back to your normal health. Keep faith and pray to God.

My Prayer For You
”May The Worst Day Of Your Future
[b][size=2]Be...
To all my Christian brothers and sisters,
These video hymns are for our dear sister WonderWoman as we have her in our thoughts and while we watch and listen to these hymns, our silent prayers plea to our Lord who will Heal her and bring her back to us in good health.
Inserted Video

Inserted Video

Glory be to GOD.
Amen
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,478
  • Nov 24, 2012 8:54am Nov 24, 2012 8:54am
hello love e1 & assange ,gibril,emmanuel,pat ,ramjet n all the members,

im newbies n just read trew up to 101 threads , so far so good the system here...still progress on backtesting on demo account...

by the way i do realized 3 things here " patient pay" / " sempoi" / "do nothing"

still continue reads the threads n anything doubt i will ask .... wish everyone will advise.

thanks.

"practices makes perfect"





Quoting Assange
First Trade today on EJ. Crusing +35 pips
  • #15,479
  • Nov 24, 2012 9:12am Nov 24, 2012 9:12am
Quoting aryary
Hi people

Please pray for our dear family member Wonderwoman who is ill and currently in hospital (I will not give details). I would love and appreciate everyone praying for her. Have prayers that would remember her each day for better health.

Dear Wonderwoman

I hope you get well soon, and come back to your normal health. Keep faith and pray to God.

My Prayer For You
”May The Worst Day Of Your Future
Be Better Than
The Best Day Of Your Past …”
...
My thoughts and prays are currently for syster Wonderwomen. I hope nothing too serious and she can recover quickly and come back stronger soon.

kyurem
  • #15,480
  • Nov 24, 2012 9:31am Nov 24, 2012 9:31am
[quote=Gibril;6227859]Need Some Help form Everyone.


Greetings everyone and hope all of you are having a good weekends with family.


______

hello gibril,

your friend should trust his method, because he proves his method and had consistent runs...over weeks without significant losses.

i remeber one of arjuns wise and valuable posts where he said "there is a way to minimize the loss.we have to stop trading after 2 losers.make it a dicipline."..." keep your money management proper"

i think this post was in context with ranging days...maybe it is possible to get through a drawdown cycle with this method to minimize the loss.


wish you and everybody a very good weekend,
and your friend an end of his draw down period



leztuh
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