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Another simple system - Time-Frame 15

  • #15,881
  • Nov 27, 2012 12:46pm Nov 27, 2012 12:46pm
Quoting kyurem
Hi Aryary,

very nice setup.
Having live setup is very helpful for eyes training.... though it's difficult to post live on 15min TF.

Cheers!

Kyurem

EUR/CAD - similar to gbp/chf

Mate just keep looking and practice...These two i only looked at for practice, took the gbp/chf...this eurcad i saw earlier but did not take.

They just happening all the time. I scan various pairs when the majors are not showing anything. Just look for practice as the patterns will also appear on the majors as well.

Keep looking for confluence in the area. Im a scalper so my general view is for short term reaction, of course trying to guage a slightly bigger move for the 'safety' factor.
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  • #15,882
  • Nov 27, 2012 12:51pm Nov 27, 2012 12:51pm
Quoting fxrobinhhood
Hi jordfx, and others

Had a similiar view on gbpusd. Price touched 4h 10 ema twice but stayed above it. I had a bad entry. Again I was not patient but stayed safe as moved SL below 10 ema. Lucky it didn't pierce much.
2 questions
1. what do you do when you have a bad entry (early or late), do you move SL or closed it manually? or let it hit the tight Sl?
2. What should we expect when the RB has been tested before ? (like g/u now) it it going to break it and move up?

Any comments from seniors much appreciated.

Attachment
Hi there mate. Sorry for the late reply.
1. The most important question I ask myself with regards to entry is....WHERE WILL I PLACE MY STOP LOSS? I typically aim for 2 - 12 pip stops. Anything more than that and I'm not interested. Reason being your account MUST capable of withstanding a series of consecutive losing trades without any significant damage. PRIORITY MUST ALWAYS BE SAFETY FIRST! PROTECT YOUR ACCOUNT AT ALL COSTS! AND NEVER, EVER, EVER INCREASE YOUR STOP AFTER YOU ENTER A TRADE. Only move to Breakeven or protect profits.

2. You have to watch Price reaction at S/R to know how friendly or hostile that S/R is to test and retesting to gauge the possiblities of break or bounce.

Hope that helps? If you have more confusions, let me know. I'll try the best I can to help. Trade safe.
  • #15,883
  • Nov 27, 2012 12:55pm Nov 27, 2012 12:55pm
Quoting parsfx
STRONG SIGNAL
Nice trade. But would have been better to enter below the 200ema. Look at 4Htf. should be good for at least 45pips. who knows? lol!
  • #15,884
  • Nov 27, 2012 1:02pm Nov 27, 2012 1:02pm
Quoting lowweiting
Fail GJ...

Fail again...

dear brother...why on earth would you buy right into the emas at that time? buying right into resistance? what were your thought processes at that time?
  • #15,885
  • Nov 27, 2012 1:10pm Nov 27, 2012 1:10pm
Quoting kyurem
I try that one for 15 to 20 pips, with 12 pip sl.


Kyurem
Not a very good idea right now bro. You see price making lower lows? protect your money my friend. No market momentum. Buy when they buy. Sell when they sell. Trade safe.
  • #15,886
  • Nov 27, 2012 1:12pm Nov 27, 2012 1:12pm
Quoting jordfx
dear brother...why on earth would you buy right into the emas at that time? buying right into resistance? what were your thought processes at that time?
no mate - he shorted
  • #15,887
  • Nov 27, 2012 1:13pm Nov 27, 2012 1:13pm
Quoting jordfx
Hi there mate. Sorry for the late reply.
1. The most important question I ask myself with regards to entry is....WHERE WILL I PLACE MY STOP LOSS? I typically aim for 2 - 12 pip stops. Anything more than that and I'm not interested. Reason being your account MUST capable of withstanding a series of consecutive losing trades without any significant damage. PRIORITY MUST ALWAYS BE SAFETY FIRST! PROTECT YOUR ACCOUNT AT ALL COSTS! AND NEVER, EVER, EVER INCREASE YOUR STOP AFTER YOU ENTER A TRADE. Only move to Breakeven or protect profits.

2. You have...
it's ok. Thanks for replying mate.

I guess my first problem is wrong entry which requires wider SL. I never have had sl less than 10 -15. (even trying this method)
Most of the time I put a bigger one (of course the high spread is a problem, I get 3 for e/u and g/u as it is a bonus account for practice. The other pairs like crosses have very wide speards that I cannot even try with this method)

My second problem is sticking to trades and waiting too long. Sometimes it pays off but mostly it doesn't and it gets the energy and other possible opportunities.


Ok I will stick to your tips. I will never increase sl again. I will try to decide the right sl before entering.

I am tring to identify S&R. I found RN & BRN pretty trustworthy. I am learning about touching 4h 10 ema (which I based todays entry on)

What other s&R can I find?
(I am still reading on page 250. seems ema are dynamic sr but not static)

Thanks for your support

  • #15,888
  • Nov 27, 2012 1:15pm Nov 27, 2012 1:15pm
Quoting aryary
no mate - he shorted

Oh! In that case I would have waited for more downward tilt from the 50ema. The angle of the 50 is always a huge clue for me.
  • #15,889
  • Nov 27, 2012 1:20pm Nov 27, 2012 1:20pm
Quoting jordfx
Not a very good idea right now bro. You see price making lower lows? protect your money my friend. No market momentum. Buy when they buy. Sell when they sell. Trade safe.

Thanks jordfx, you are right. I get out from the trade.
  • #15,890
  • Nov 27, 2012 3:39pm Nov 27, 2012 3:39pm
simple 10 ema trading only on daily timeframe...for those who are not able to trade 15 min tf cause lack of time during the whole working day...
kindly regards
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  • #15,891
  • Edited 4:39pm Nov 27, 2012 3:43pm | Edited 4:39pm
Quoting 99problems
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
This is late but I was just reading earlier post today and hear about your lost. Sorry about that. It is part of the business. Emmanuel has explained well enough. Can you pls post your loss trade so that we can learn from it. Thank you

Edit: A curious guy asked same question and has been answered. I capitalise on such signal has a fake signal and go against it. I have taken few of those too that resulted into loss so I knew they will alway play it to trap people. Attached is an example of GU I took with such a fake signal
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,892
  • Nov 27, 2012 5:01pm Nov 27, 2012 5:01pm
Quoting lowweiting
Fail GJ...

Fail again...
Hi Lowweiting

Gibril has already answered but basically you had too much in the way where you entered. "camels and sheep" as Gibril says.

At your point of entry you had

1. BRN 131.50
2. 6o min trendline
3. Price making HL Higher lows.

I know it is frustrating, but putting on trendlines, S/R , BRN and being aware of any tripwires ahead may save you from trades that do not go your way.

Hope this helps you.

Newbee viewpoint. Still learning.

Love
Renata

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  • #15,893
  • Nov 27, 2012 5:08pm Nov 27, 2012 5:08pm
To all brothers and sisters asking me about Arjuna Arrow Indy, how to install it properly..
pls take a look at Gibril's Journal
http://www.forexfactory.com/showthre...69#post6238069

Thank you,

Ciara
Ideas shape the course of history
  • #15,894
  • Nov 27, 2012 5:33pm Nov 27, 2012 5:33pm
Hi to all the newbies, lovebees, experienced traders and - first of all - the wise Master Arjun,
I’m trading more than two years know always looking for an intraday/scalping system that suits me. I stumbled into this thread about 6 months ago and I've been overwhelmed by the beauty of this system and this thread itself with all this lovely people all over the world helping each other and sharing and spreading not only the system but the wisdom of Master Arjun. I am trading Master Arjun's system in demo mode and I am getting better every day and learning every day - like the other lovebees here, too.
As a new member I have a (very) small gift: I put together the 4 EMAs (800,200,50,10) in one indicator, so one can put them alltogether on a chart with one mouseclick. Perhaps somebody will find it useful. To be honest: It’s some kind of appeasement cause my sily questions will follow soon – but not today, in my country it’stime to go to bed.
Until LO,
1truth
Attached File(s)
File Type: mq4 LE1_4EMA.mq4   1 KB | 451 downloads
  • #15,895
  • Nov 27, 2012 7:25pm Nov 27, 2012 7:25pm
Reaction to yesterday's low as the support And review master lessons.
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Persian Gulf forever
  • #15,896
  • Nov 27, 2012 7:34pm Nov 27, 2012 7:34pm
Tokyo OPEN 28 Nov:


> price pullback,
> H1 candle close,
> M15 Trigger

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,897
  • Nov 27, 2012 7:42pm Nov 27, 2012 7:42pm
Can you describe what each of these three (3) steps means to you?


Step 1 > Price Pullback
Step 2 > H1 candle close
Step 3 > M15 Trigger
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,898
  • Nov 27, 2012 8:00pm Nov 27, 2012 8:00pm
Learn to count:

1,2,3,4 [Close] 1,2,3,4 [Close], 1,2,3,4 [Close] 1,2,3,4[Close]

1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16 [Close]
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,899
  • Nov 27, 2012 8:01pm Nov 27, 2012 8:01pm
Quoting emmanuel7788
Can you describe what each of these three (3) steps means to you?


Step 1 > Price Pullback
Step 2 > H1 candle close
Step 3 > M15 Trigger
Hi Emmanuel7788
I will give it a try to answer

1. Pullback... pullback into 10ema or say 200ema

2. H1 candle ...as in chart Arjun candle here into 10ema

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3, M 15 trigger

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Love
Renata
  • #15,900
  • Nov 27, 2012 8:06pm Nov 27, 2012 8:06pm
Quoting Renata
Hi Emmanuel7788
I will give it a try to answer

1. Pullback... pullback into 10ema or say 200ema

2. H1 candle ...as in chart Arjun candle here into 10ema

Attachment

3, M 15 trigger

Attachment

Love
Renata
Hi Renata,

Appreciate your prompt response and attempt with your answer. Very good.

Thank you.

I'll wait for more posts replies then I will post my answer.

Shalom,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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