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Another simple system - Time-Frame 15

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  • Post #16,021
  • Quote
  • Nov 28, 2012 11:44am Nov 28, 2012 11:44am
  •  Knez
  • | Joined Jul 2009 | Status: Member | 250 Posts
Quoting Ciara
Disliked
EU Scalping

long GJ an EJ now.
+200+ for the day.

Ciara


Arjun, Buddy, u know, I wont forget..
Thanks for teaching us.
Ignored
Ciara,

Can you please share your EJ chart and settings for long?

Thank you.
Knez.
 
 
  • Post #16,022
  • Quote
  • Nov 28, 2012 11:55am Nov 28, 2012 11:55am
  •  Pervis
  • | Joined Nov 2012 | Status: Member | 243 Posts
Quoting mike1349
Disliked
Hello Friends,

Does anyone has an idea how could we put OCO(one cancel other) order in MT4?
I couldn't find anything solid here in FF.

Thanks for your help
Mike
Ignored
Hi Mike,

You can use Script in MT4: Hit Ctrl + N -> expand Script & Drag the script name "Close" into your chart. Hope this is your question
 
 
  • Post #16,023
  • Quote
  • Nov 28, 2012 12:04pm Nov 28, 2012 12:04pm
  •  Wqiang
  • | Joined Jun 2012 | Status: Member | 57 Posts
Quoting emmanuel7788
Disliked
Few thougts:

1. It is not a matter of right or wrong. All I want to see is how price action at 10EMA on M15, H1, H4, D chart timeframe.

2. I look for CONFLUENCE of price levels for example, - Prev D OHLC, Prev W OHLC, Fibo levels of Prev D range, Fibo levels of Prev W range, RN, BRN, 10EMA of all TFs.

3. If you took the trade using the H1 pin-bar as entry, your SL must be above the high of that pin-bar. Look at the most recent Volatility of the H1. At the tiem of your entry the ATR H1 is between 15 to 25 pips. Where is the potential TP and...
Ignored

Thanks emmanuel!

I understand your teaching regarding point 1 and 2. Point 1 and 2 are always in my mind. For point 3, my SL was 10 pips which was considered small.
 
 
  • Post #16,024
  • Quote
  • Nov 28, 2012 12:19pm Nov 28, 2012 12:19pm
  •  mike1349
  • | Joined Apr 2007 | Status: Member | 1,000 Posts
Quoting Pervis
Disliked
Hi Mike,

You can use Script in MT4: Hit Ctrl + N -> expand Script & Drag the script name "Close" into your chart. Hope this is your question
Ignored
Thanks for reply.Actually I need a script which when one of my pending orders go thru ,automatically closes the other pending order (Which not executed).
I am not at my computer to use Ctrl N.

Thanks
Failure, is a wonderful teacher!
 
 
  • Post #16,025
  • Quote
  • Nov 28, 2012 1:08pm Nov 28, 2012 1:08pm
  •  jj7000
  • Joined Aug 2006 | Status: Practice makes perfect | 393 Posts
hi,

to all.

I hope you are having a great trading day.

I wanted to show a chart for new traders or struggling traders price action that could possibly happens To help traders with their market rhythm and timing. DO NOT ENTER THIS TRADE. I KNOW WHAT TO DO, YOU MAY NOT UNDERSTAND AS OF YET WHAT TO DO. I'm showing you potentially what could happen. We have a potential retrace of the last down swing on 4hr chart, we had a break of TL, it's almost at 50% level which is the neck line of the head and shoulders pattern.

I drew images to help you see the pattern
Attached Image (click to enlarge)
Click to Enlarge

Name: trade sample 7.gif
Size: 41 KB
 
 
  • Post #16,026
  • Quote
  • Nov 28, 2012 1:49pm Nov 28, 2012 1:49pm
  •  Ciara
  • Joined Oct 2012 | Status: Who dares wins. | 444 Posts
Quoting Knez
Disliked
Ciara,

Can you please share your EJ chart and settings for long?

Thank you.
Knez.
Ignored
Sure. Here u go. Focus on setup, not on TF (as it is zoomed in at M5 and we are not supposed to share it here (asked by Master Arjun) - preventive measure not to confuse the lovebees).

There is a Preveious Price Action resistance(acted as support a few hrs ago) to the left, and a Trendline. Both got broken on a way back up.
Rejections from 800 EMA are usually violent and yield 40-50 pips easily. It's an easy setup. There is also a RN below...Lots of reasons..
TP was next BRN..106,00. Could have added at each pullback after SL moved to BE. Target was HIT. Exited early as I had no time to follow up the trade.

Hope that helps,

Ciara

please read the Thread!
Attached Image (click to enlarge)
Click to Enlarge

Name: 20121128ejM15M5.png
Size: 28 KB
Ideas shape the course of history
 
 
  • Post #16,027
  • Quote
  • Nov 28, 2012 1:52pm Nov 28, 2012 1:52pm
  •  Davit
  • Joined Feb 2012 | Status: Member | 21,374 Posts
EJ short 105.94 TP 105.40 Previous low
Euro Short 2937 TP 2885 Previous Low

Taking advantage of typical pullback.
EU 50% retrace
EJ Fib 38.2
Attached Image(s) (click to enlarge)
Click to Enlarge

Name: eu.gif
Size: 23 KB
Click to Enlarge

Name: ej.gif
Size: 24 KB
In trading, you have to be defensive and aggressive at the same time
 
 
  • Post #16,028
  • Quote
  • Nov 28, 2012 3:09pm Nov 28, 2012 3:09pm
  •  peetee09
  • | Joined Dec 2009 | Status: Member | 249 Posts
AUD 15

The trade above TL looked goodfor a while, retest of RN, 200MA but felt heavier, EUR and GU starting to come off. Could have exited B/E but kept to system.

Stopped out on clean break through RN but then sold on 15 min pin retest of RN and 50MA TP at previous low, TL support and 10MA daily

Went to bed, TP hit, but i thus missed the strong bounce of levels and the pin retest which would have been a good trade

Overall -15, +12, but on slightly higher number contract mean B/E for day

Lessons: The system works, just keep to it. Maybe could have taking more note of confluence with EUR, but makt conditions are changing so once any trading errors fixed, as Gibril says 'don't overanalyse losing trades'.

The system works, but it won't work EVERY time, that's normal, KEEP IN THE ZONE, that enabled me to turn and take the short :-)

Missed the next big trade but there's always another bus :-)
P


Quoting peetee09
Disliked
AUD 1 hr

Aud one of the fwe above the MAs. Also holding above RN, RECENT s/r AND 4HR 10ma
bought after close of candle above MA
P
Ignored
Attached Image(s) (click to enlarge)
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Name: aud 15mn p2 28 nov 2012.jpg
Size: 127 KB
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Name: aud 15mn p3 28 nov 2012.jpg
Size: 131 KB
 
 
  • Post #16,029
  • Quote
  • Nov 28, 2012 3:17pm Nov 28, 2012 3:17pm
  •  Knez
  • | Joined Jul 2009 | Status: Member | 250 Posts
Quoting Ciara
Disliked
Sure. Here u go. Focus on setup, not on TF (as it is zoomed in at M5 and we are not supposed to share it here (asked by Master Arjun) - preventive measure not to confuse the lovebees).

There is a Preveious Price Action resistance(acted as support a few hrs ago) to the left, and a Trendline. Both got broken on a way back up.
Rejections from 800 EMA are usually violent and yield 40-50 pips easily. It's an easy setup. There is also a RN below...Lots of reasons..
TP was next BRN..106,00. Could have added at each pullback after SL moved to BE. Target...
Ignored
Thank you Ciara, I appreciate it very much.

Knez.
 
 
  • Post #16,030
  • Quote
  • Nov 28, 2012 4:02pm Nov 28, 2012 4:02pm
  •  emmanuel7788
  • Joined Nov 2008 | Status: Member | 41,305 Posts | Online Now
OCO Script:

Quoting mike1349
Disliked
Hello Friends,

Does anyone has an idea how could we put OCO(one cancel other) order in MT4?
I couldn't find anything solid here in FF.

Thanks for your help
Mike
Ignored
Hi,

attached is one OCO script you can try.
Explanation in the mql4 comment.

regards,
Attached File(s)
File Type: mq4 OCO.mq4   6 KB | 413 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
 
 
  • Post #16,031
  • Quote
  • Nov 28, 2012 4:11pm Nov 28, 2012 4:11pm
  •  kyurem
  • | Joined Nov 2012 | Status: Member | 116 Posts
Hi all

Can anyone help me to understand why price retests a S/R it has just broken, most of time?
What is the logic behind that price action?
Why does such known pattern still work?

I ask myself this question because the more I study this thread the more I realize the market always prepares silently its next move, hiding its intention, trapping traders as much as possible. This thread teach us to spot and read the subtle clues left by the market, betraying its intention. Another question I ask my self is why the market gives such clues...

Anwers to those questions may change our perpective on trading and improve the psychologic aspects.


Kyurem
 
 
  • Post #16,032
  • Quote
  • Nov 28, 2012 4:19pm Nov 28, 2012 4:19pm
  •  zander2034
  • Joined Aug 2012 | Status: slowly but surely getting there | 186 Posts
Lovebees recently there has been a lot of CTs that the seniors have been posting. This is beyond us AT THIS TIME, leave it for them as it is to risky for us and just a fast way to lose a lot of pips. Master the simple method first before moving on.

There has been oppurtunities for us to make pips using the simple method so please dont be tempted to try and run before you can walk. The market was giving pips away last week but we need to be slightly more patient this week and know that we are not going to get 30 pips per trade which we were getting last week

zander
 
 
  • Post #16,033
  • Quote
  • Nov 28, 2012 4:34pm Nov 28, 2012 4:34pm
  •  fxrobinhhood
  • | Joined Nov 2012 | Status: Member | 176 Posts
Hi eveyone,

Here is another trade from a newbie.

This is how I took this
1. I waited for the opportunity by looking at HTF most H4 and D.
2. I didn't run after the trade (didn't make a late jump in CT for EU and GU)
3. Look for the bounce from day 10 ema.
4. as the price couldn't cross and bounce, entered long with a tight sl.
5. moved to BE as soon as it staarted to move up.
6. let the tarde run without changin sl.
7. Lock in 20 pips when price stalled.
8. Lock in more pips.

Things I learned in the recent days based on feedback from king members:
1. Looking at 10 ema in HTF
2. tight SL not more than 12
3. Moving to BE and locking profit
4. let some breathing space

Things I don't know yet
1. Was this according to Arjuns method or my own lucky analysis?
2. When to get out? and how much move to expect?

In this particular trade, I see the trend bullish from H4 but bearish on H1 so I don't know if this move is a pullback, halting at 1.2917 (61.8 fibo of todays bearish move) or if today move was a retracement from H4 upward move!

Attached Image (click to enlarge)
Click to Enlarge

Name: gbpusd8.jpg
Size: 157 KB


I appreciate your comments.
 
 
  • Post #16,034
  • Quote
  • Nov 28, 2012 4:55pm Nov 28, 2012 4:55pm
  •  Renata
  • | Joined Oct 2010 | Status: Member | 69 Posts
Quoting zander2034
Disliked
Lovebees recently there has been a lot of CTs that the seniors have been posting. This is beyond us AT THIS TIME, leave it for them as it is to risky for us and just a fast way to lose a lot of pips. Master the simple method first before moving on.

There has been oppurtunities for us to make pips using the simple method so please dont be tempted to try and run before you can walk. The market was giving pips away last week but we need to be slightly more patient this week and know that we are not going to get 30 pips per trade...
Ignored
Thankyou Zander2034 for this.

I trade Eur Usd and EurJpy. Both have been trading between 200ema and 800ema. Arjun said don't trade when price is between these emas.

It was so frustrating just waiting, while senior members are taking trades all over the place. Ciara ended up with 200 pips and Renata O pips.

I know it is not a competition, so I spent my time trying analyse their trades and why they took them. Gibril said this week is not trending week. Last week was some big moves so price seems to have to have a rest and gather energy for the next move.

Thanks again for your post. Made me feel alot better.

If I got the rules wrong eg trade way from 200ema to 8ooema if xx pips away please let us newbies know for next trading session

Lve
Renata
 
 
  • Post #16,035
  • Quote
  • Nov 28, 2012 4:59pm Nov 28, 2012 4:59pm
  •  fxrobinhhood
  • | Joined Nov 2012 | Status: Member | 176 Posts
Quoting fxrobinhhood
Disliked
Hi eveyone,


In this particular trade, I see the trend bullish from H4 but bearish on H1 so I don't know if this move is a pullback, halting at 1.2917 (61.8 fibo of todays bearish move) or if today move was a retracement from H4 upward move!



I appreciate your comments.
Ignored
I have shown my question on the chart. How to identify pullback? (retracement?)

Is it a matter of understanding patterns?

Please help. thanks.

Ps: I donno why I am filled with questions at midnight!!! I hope some help comes from the right time zone.

Attached Image (click to enlarge)
Click to Enlarge

Name: gu pullback.jpg
Size: 136 KB
 
 
  • Post #16,036
  • Quote
  • Nov 28, 2012 5:13pm Nov 28, 2012 5:13pm
  •  Ciara
  • Joined Oct 2012 | Status: Who dares wins. | 444 Posts
Jen Pairs Retracement areas..

Watchout asian session..

It looks like it wants to go higher..which is u have to wait for H4-10 EMA (M15-200 EMA) RETEST to go long (patience) - AFTER the breakout across fibbo 61.8 area, or..a rejection and a smooth and fast journey back towards Miss 800 ema below..

Pls read again the post #3481
http://www.forexfactory.com/showthre...95#post5821495

Ciara
Attached Image (click to enlarge)
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Name: 20121128EJasian.png
Size: 39 KB
Ideas shape the course of history
 
 
  • Post #16,037
  • Quote
  • Nov 28, 2012 5:25pm Nov 28, 2012 5:25pm
  •  fx light
  • | Joined Oct 2012 | Status: the patient dog eats d fattest bone | 112 Posts
Quoting Ciara
Disliked
EU Scalping

long GJ an EJ now.
+200+ for the day.

Ciara


Arjun, Buddy, u know, I wont forget..
Thanks for teaching us.
Ignored
what exactly did arjun teach you ciara?
i am the lord that giveth thee power to create wealth.
 
 
  • Post #16,038
  • Quote
  • Nov 28, 2012 5:27pm Nov 28, 2012 5:27pm
  •  aeron_1025
  • | Joined Jan 2009 | Status: Member | 56 Posts
Quoting loveevery1
Disliked
MONEY MANAGEMENT
SL is 20 Pips TP is upto a trader you may let it run till the tdi crosses back.or you may close at 1:1 upto you.
Ignored
Thanks to share this simple system with us. Looks great!
For the TP, what you all think is the most optimum TP, R:R at 1:1 or when the TDI crosses back?

_______________
My challenges to make consistent profits - http://www.101forexcurrencytrading.com/
 
 
  • Post #16,039
  • Quote
  • Nov 28, 2012 5:38pm Nov 28, 2012 5:38pm
  •  leztuh
  • | Joined Jul 2012 | Status: Member | 57 Posts
[quote=Renata;6242599]Thankyou Zander2034 for this.

I trade Eur Usd and EurJpy. Both have been trading between 200ema and 800ema. Arjun said don't trade when price is between these emas.

It was so frustrating just waiting, while senior members are taking trades all over the place. Ciara ended up with 200 pips and Renata O pips.



-------

hi renata,

their was an advise from master arjun at post # 612 . in this post he mentioned price between 2oo/8ooEMA.

i wish everyone a nice trading session...and a nice evening! (central european time)




(p.s. i like your avatar symbol)
 
 
  • Post #16,040
  • Quote
  • Nov 28, 2012 6:23pm Nov 28, 2012 6:23pm
  •  Ciara
  • Joined Oct 2012 | Status: Who dares wins. | 444 Posts
Quoting fx light
Disliked
what exactly did arjun teach you ciara?
Ignored
LOL, to be a good person. To help other people. To share knowledge and the profit to the ones who need it. To be patient and to concentrate. To love every one.

For the rest u gotta read the Thread.

Inserted Video


God bless every one,

and thank u brother Arjun for sharing your love!

Ciara
Ideas shape the course of history
 
 
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