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Another simple system - Time-Frame 15

  • #15,561
  • Nov 26, 2012 1:08am Nov 26, 2012 1:08am
Quoting loveevery1
Here is trade on GJ today...I wanted to hold it longer...see how i missed my target by a pip...lol...

the short taken on the above RN and target was below RN....

see how i missed my target...lol

Arjun,

I'd like to understand based on what you got your confidence doing this trade. All I can see as novice trader is.

EY was rallying up for more than a week... and I see only 3 retracement during that period so far and last retracement got some room for CT...

You got into trade right on 38.2 fibo retracement based on Friday low. The price went to 50% fibo retracement and riched support zone...

move was fast, i hope that was nothing to do with news..

Arjun, could you add more comment for me to think? And thanks for uploading this chart.
  • #15,562
  • Nov 26, 2012 1:14am Nov 26, 2012 1:14am
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 …”
Yes i have heard this as well.
We should all remember in our prayers. she is a very good soul
May GOD bless her and may she have a speedy recovery
X-man the legendary conqueror of markets
  • #15,563
  • Nov 26, 2012 1:23am Nov 26, 2012 1:23am
Quoting lehin
Arjun,

I'd like to understand based on what you got your confidence doing this trade. All I can see as novice trader is.

EY was rallying up for more than a week... and I see only 3 retracement during that period so far and last retracement got some room for CT...

You got into trade right on 38.2 fibo retracement based on Friday low. The price went to 50% fibo retracement and riched support zone...

move was fast, i hope that was nothing to do with news..

Arjun, could you add more comment for me to think? And thanks for uploading...
I dont use Fibs or any other indicators mate...its fully based on the basics and LOGIC what was told to folks in this thread.I wil put it very simple way...i think my brother Emmanuel has explained the same logic for EU...but this is GJ....a big bull rally...for the last 2 weeks on GJ....was naturally expecting some pull back before coninuing in the direction...and " Arjun candle "(its embarassing to say my name..lol (Gibril))on the 10ema...and the price was 90 pips away from the 200ema....

Its CT....i request all the newbies to stay out...plz...do not trade towards 200ema...
Hope it clears some of your doubts...

Note: People who use FIBS in this thread know very well how to use them.If you folks dont know how to read them please dont use them to take trades...practice and see how it works for atleast 6 months and you will know how the price reacts around them...which is more powerful when combined with CS patterns....

stay blessed
Let all the living things live blissfully
  • #15,564
  • Nov 26, 2012 1:23am Nov 26, 2012 1:23am
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 …”
May God accept all the energy passing to you by friends and family. Recover soon.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,565
  • Nov 26, 2012 1:27am Nov 26, 2012 1:27am
Quoting X-Man
Yes i have heard this as well.
We should all remember in our prayers. she is a very good soul
May GOD bless her and may she have a speedy recovery
Brother x-man good to have you back my brother...
Let all the living things live blissfully
  • #15,566
  • Nov 26, 2012 1:29am Nov 26, 2012 1:29am
Lover of ADR.

I don't know if I am wrong but this was a plan trade from last week.

ADR reached and price just pass through but did'nt reach the next RN on friday. Imi said we can take the trade to the bankon the next RN.

If we know what works for us we can capitalise on it. Let we LOVEBESS stick to the basic and we are going to make pips
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,567
  • Nov 26, 2012 1:31am Nov 26, 2012 1:31am
Hi everyone...Greeting and wishing yo having FUN time in here.

I received many PM asking me WHAT is the first thing to look at the Chart ?

For benefit of many, I would say........." CLEAN READABLE CHART "

Attached is what I use in all my charts. I may draw trend lines, SR lines on HTF. Other than that...it is there for you to see.

I believe in having clean chart to look at, will assist you in seeing opportunity clearly.

Also use nice back ground colour to reduce strain in your eyes.

Just by using this 15M Chart.. i managed to scalp LONG + 80, SHORT + 90..... Unless you want to make Arjun's Method to become complicated...

Stay blessed and stay simple.... because it's working for dumb person like me, WHY it can't work for you ?

Apology....I'm not in position to teach others in this thread....but merely sharing my lovebees ideas....lol

giBriL
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  • #15,568
  • Nov 26, 2012 1:32am Nov 26, 2012 1:32am
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...
Ok from what im reading i see his system is very good. Theres nothing wrong with his system since he has the ability to run trades for a long time.
The part he has to work on is the money management skills.
We have to have a plan not to give back our money to the big boys. (cut or losses early and let the winners run)
Whats the use making $1 million but then we going to end up giving it back . We have to PROTECT it.

Is he using a Stop loss? a stop loss is there for us to get out at a certain point and to minimize the loss.
When you say that he took a significant loss that means his SL is too big or he dont use SL at all.
Another pointer is we should never double our lot sizes to recover our previous loss. imagine we lose that trade then we have a greater loss.

SL will always keep our losses to a minimum whether we FEEL the market will come in our favour or not we have to stick to our trading plan.
The market will do anything at anytime.
Some of us set SLs but we keep making it bigger hoping the market will come into our favour again.

The chain reaction to me is the psychological problem. when we take a losss we tend to become blinded and then try to get in a trade with any sort of up and down move.
When i take a losss, i step back from my PC. i go outside breathe a few times relax. come back read my strict trade plan and then look for a setup .
This will eliminate the chain reaction of losses.
This is what i personally think
X-man the legendary conqueror of markets
  • #15,569
  • Nov 26, 2012 1:38am Nov 26, 2012 1:38am
Two fresh trades taken before LO: first 8 pips, second 14 pips.
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  • #15,570
  • Nov 26, 2012 1:44am Nov 26, 2012 1:44am
today is a very very special persons birthday .

Happy Birthday pip26.
I wish you many many more years of happiness and may you always stay blessed.
Have a great day buddy
Hang in there brother.
Attached Image
X-man the legendary conqueror of markets
  • #15,571
  • Nov 26, 2012 1:45am Nov 26, 2012 1:45am
Quoting x-man
today is a very very special persons birthday .

happy birthday pip26.
i wish you many many more years of happiness and may you always stay blessed.
Have a great day buddy
hang in there brother.
happy bday to you pips26. Happy many return of the day.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,572
  • Nov 26, 2012 1:48am Nov 26, 2012 1:48am
BROTHER PIP26

I wish you a HAPPY BIRTHDAY and that all your wishes become true! Continue to stay the awesome person that you are.
Love you like a brother.

Peace and love
Steph
  • #15,573
  • Nov 26, 2012 1:49am Nov 26, 2012 1:49am
comment pls
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,574
  • Nov 26, 2012 1:50am Nov 26, 2012 1:50am
Quoting X-Man
today is a very very special persons birthday .

Happy Birthday pip26.
I wish you many many more years of happiness and may you always stay blessed.
Have a great day buddy
Hang in there brother.
Whey hey!! "HAPPY BIRTHDAY Pip26" have an awwwesome day today!!!!
  • #15,575
  • Nov 26, 2012 1:50am Nov 26, 2012 1:50am
hi lovebees,

sorry this comes a bit late but here are my trades from Friday.
Please always consider HTF.


I couldn't close them from my phone so ended up with huge pips but originally wanted to get a combined 60 pips out of them

Peace and love
Steph
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  • #15,576
  • Nov 26, 2012 1:56am Nov 26, 2012 1:56am
Hi everyone

I spotted a number of basic set-ups on Fridays but missed them all as I do not trade on Friday evenings.

Here is one on E/U.

The second highlighted one is trade for this morning again it seems I just missed. any comments for this newbie?

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  • #15,577
  • Nov 26, 2012 1:58am Nov 26, 2012 1:58am
Quoting X-Man
today is a very very special persons birthday .

Happy Birthday pip26.
I wish you many many more years of happiness and may you always stay blessed.
Have a great day buddy
Hang in there brother.
Hey Pip26, have a great day and life ahead! Happy Birthday!
  • #15,578
  • Nov 26, 2012 2:00am Nov 26, 2012 2:00am
Quoting Gibril
Hi everyone...Greeting and wishing yo having FUN time in here.

I received many PM asking me WHAT is the first thing to look at the Chart ?

For benefit of many, I would say........." CLEAN READABLE CHART "

Attached is what I use in all my charts. I may draw trend lines, SR lines on HTF. Other than that...it is there for you to see.

I believe in having clean chart to look at, will assist you in seeing opportunity clearly.

Also use nice back ground colour to reduce strain in your eyes.

Just by using this 15M Chart.....

Hi Brother giBril,

Just want to know something from the above trade you took.

How did you know that this trade no (3) will run to EMA200 instead of taking profit at the RN 106.50 ?

Thank you.
  • #15,579
  • Nov 26, 2012 2:04am Nov 26, 2012 2:04am
Quoting Renata
Cristiansan : Thankyou very much for my vouch!

Before market opens and doing quiet checking of HTF's, I was thinking of Wonderwoman. Does anyone know how she is doing?

Hi Renata,

Hope you well.

Wonderwoman is still in hospital, things are about the same at the moment...but i guess its just a matter of time until she starts to improve etc.

part of her message -

"....it means a great deal to me in these very hard days. Reading your message and the other PM's i have been receiving from people off the thread i do not know is so heart warming and it gives me the extra strength to fight this ...."

She will be back stronger!
  • #15,580
  • Nov 26, 2012 2:06am Nov 26, 2012 2:06am
Happy Birthday Pip26!!! All the best for you!

Best regards,
Arunas
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