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Another simple system - Time-Frame 15

  • #15,741
  • Nov 26, 2012 10:42pm Nov 26, 2012 10:42pm
Quoting emmanuel7788
that yellow line you draw is exactly what help me to BUY decision.
this line was prveious D close double peak....

**** resistance become support
Hey Emmanuel, thanx for this
  • #15,742
  • Nov 26, 2012 11:31pm Nov 26, 2012 11:31pm
There is no such thing as BUY and SELL signal:

Quoting Devonius
Hi all,

i'm new in forex,

I read this thread, I downloaded the templates,

and I have a question about the entry point,

as the attach file, the TDI give a sell signal, and assume it is London open that time.

how we verify this sell signal with those MA? if it because it below 10 MA then we sell it?

Thx
Hi,

TDI does not give Buy or Sell signal.
You need to read more of this thread and also understand what the TDI does on your chart.

TDI is RSI based.
Do you know what is RSI and what it tells you on your price chart?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,743
  • Nov 26, 2012 11:51pm Nov 26, 2012 11:51pm
Quoting Ciara
Ouch..



FYI Press Conference starting soon..Eurogroup meeting
Always look LEFT Ciara! Same fakey break of 200ema happened THREE TIMES last session. Lots a camels and sheep crossing lol! Nice trading though! You make trading look so much fun!
  • #15,744
  • Nov 27, 2012 12:12am Nov 27, 2012 12:12am
Quoting Renata
Well done FxRobinhood.

Patience is hard. Nice trade away from 200ema and later a trendline break. Target, one of my favourites now, being BRN.

Just keep repeating same setups. I am not a senior trader, just a 'lovebee' too that appreciates when someone does a good trade. Hope to see many more from you, to learn from. Keep posting.

Love
Renata
Thanks Retana,

sorry for my late reply. I overslept as I stayed up very late last night (my time)

I had a hard time picking this up. I made some wins and a row of losses. This time I prefered to go according to the exact rules. I was waiting from London open till Sydney Open.
I am a newbie too. I made little progress in the past 2 years but I could see the possibility of learning and winning in the last 5 months when I came across simple methods of x-man and Loveevery1.

I will try to learn from you and others esp seniors.

I will upload the details on the chart.


fxrobinhood
  • #15,745
  • Nov 27, 2012 12:28am Nov 27, 2012 12:28am
Quoting ejiexe
Nice trading away from 200ema.

What was ur initial stop loss? if i may ask
thanks.

my initial stop was 1.2945 below the RN. 1.2950 had been tested once so I thought it could be a primary support.
  • #15,746
  • Nov 27, 2012 12:31am Nov 27, 2012 12:31am
Quoting fxrobinhhood
thanks.

my initial stop was 1.2945 below the RN. 1.2950 had been tested once so I thought it could be a primary support.
ok
Like 1:1. repeat basic setup everyday buddy
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,747
  • Nov 27, 2012 12:35am Nov 27, 2012 12:35am
Quoting fxrobinhhood
Thanks Retana,

sorry for my late reply. I overslept as I stayed up very late last night (my time)

I had a hard time picking this up. I made some wins and a row of losses. This time I prefered to go according to the exact rules. I was waiting from London open till Sydney Open.
I am a newbie too. I made little progress in the past 2 years but I could see the possibility of learning and winning in the last 5 months when I came across simple methods of x-man and Loveevery1.

I will try to learn from you and others esp seniors.

I will upload the...
The Logic behind your trade was good. But you need to work on your entry. The Stop-loss was too big in my opinion. Though I don't know the lot size you're trading, but your stop would have been at about 25PIPS at the previous swing low, which missed being taken out by about 3PIPS, all for a reward of 33PIPS in a market that wasn't trending at the moment? Was that a kind of blow you were willing to sustain on your account? protect your money my brother. Thats the FIRST RULE of the game. Hope not too harsh. Just my newwbie opinion. I'm still learning too.
  • #15,748
  • Nov 27, 2012 12:37am Nov 27, 2012 12:37am
Anyone have something like that? It took about 2 seconds. It's Alpari broker, I already know that on Pepperstone everything was normal..
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  • #15,749
  • Nov 27, 2012 12:41am Nov 27, 2012 12:41am
Quoting laud
Anyone have something like that? It took about 2 seconds. It's Alpari broker, I already know that on Pepperstone everything was normal..
Everything normal on FXCM and HOTFOREX MT4s too! Classic case of stop-hunting? hmmmmmm.....looks like a case for Sherlock Holmes?
  • #15,750
  • Nov 27, 2012 12:43am Nov 27, 2012 12:43am
Quoting jordfx
Everything normal on FXCM and HOTFOREX MT4s too! Classic case of stop-hunting? hmmmmmm.....looks like a case for Sherlock Holmes?
I used to like Alpari.
  • #15,751
  • Nov 27, 2012 12:46am Nov 27, 2012 12:46am
Quoting laud
I used to like Alpari.
Dump them bro! That kind of spike is inexcusable!
  • #15,752
  • Nov 27, 2012 12:57am Nov 27, 2012 12:57am
Ok Retana and ejiexe, and all other members,

Here is how I viewed last night trade which was my first organized win based on Arjuns method. (I consider teh previous ones blind wins and losses).
This time I knew what I was doing (at least based on my dumb analysis).

Please comment on my view and correct me. I am progressing faster since I got some comments from you.
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  • #15,753
  • Nov 27, 2012 1:01am Nov 27, 2012 1:01am
[quote=Renata;6233257]Hi FxRobinhhood

Just wondering, when you took this trade, your target was BRN which you got, but were you worried that it might stop at overhead resistance above, (blue line on chart) . This stopped me trading long the EurUsd during last trading session. Now looking at your trade again you were indeed so patient, much more than I could have been.

Love
Renata

Yeah I saw that but even in that case I could move it to BE or get 10 -15 pips. I thought RN was more important. (my newbie view)
  • #15,754
  • Nov 27, 2012 1:03am Nov 27, 2012 1:03am
Hey folks. Looks like you all have been nailing it this last week. I was surprised at all the momentum on thanksgiving. So many pages to catch up on still. Trade from earlier today. Breakout, pullback, continuation. +26
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What is any ocean but a multitude of drops?
  • #15,755
  • Nov 27, 2012 1:06am Nov 27, 2012 1:06am
Quoting emmanuel7788
About Trading Losses:





Do you know your Maximum Consecutive Losses of your system?


One of the metrices used in determining trading system performance is the Consecutive Wins and Consecutive Losses.

[size=3]Look back at the total numbers of trades done and see how many consecutive losses in a row you sustained while still overall profitable. You can have several consecutive losses but so long as the overall is still profitable, this...

Hi emmanuel,

thanks for you concern. I do not have such things in place and it is time for a lovebee like me to think about it. Please give me some time to think about what you just mentioned. Thanks for your very detailed answer.

Peace and love
Steph
  • #15,756
  • Nov 27, 2012 1:06am Nov 27, 2012 1:06am
this has taken off quickly.......i believe this fulfills the classics set-up from post no#1

.
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  • #15,757
  • Nov 27, 2012 1:11am Nov 27, 2012 1:11am
Quoting Xhale12
Hey folks. Looks like you all have been nailing it this last week. I was surprised at all the momentum on thanksgiving. So many pages to catch up on still. Trade from earlier today. Breakout, pullback, continuation. +26

Welcome back bro! The pips have missed you. lol!
  • #15,758
  • Nov 27, 2012 1:12am Nov 27, 2012 1:12am
Quoting emmanuel7788
Yes, I follow my charts on H4 TF to see the primary trend all the time but my entry is mostly on M15 trigger and sometimes H1.
Remember I mention many times about fib-r to 38% and 50% and look for the setup and trigger.

See attached H4 chart and ask what do you see?
Hi Emmanuel,

Great point for me.. Do you intended to go long with EU? and re-entry with AU?
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  • #15,759
  • Nov 27, 2012 1:18am Nov 27, 2012 1:18am
Quoting Xhale12
Hey folks. Looks like you all have been nailing it this last week. I was surprised at all the momentum on thanksgiving. So many pages to catch up on still. Trade from earlier today. Breakout, pullback, continuation. +26
good trade mate

woke up and seen the missed oppurtunity straight away, i had the same lines drawn. shows patience aswell waiting for the retest

zander
  • #15,760
  • Nov 27, 2012 1:20am Nov 27, 2012 1:20am
hey Folks.
I am a Newbie.. Trying to Learn this system.
Is My Entry Correct. in EURUSD M15 Graph.

Experts Please Suggest.

Thanks
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