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Another simple system - Time-Frame 15

  • #16,201
  • Nov 30, 2012 8:08am Nov 30, 2012 8:08am
Yeah man enjoy yuh weekend mi bredda.
With God all things are possible.
  • #16,202
  • Nov 30, 2012 8:20am Nov 30, 2012 8:20am
Quoting long_bow
Hi brother, from my H1 chart, I don't know if it could break TL and Previous week high should be support.
Just my thought.
Long bow thank you.. i should have looked at 1h also, 4h on my charts ( 22.00 gmt start) showed a fantastic pin candle, so i rushed in + got stopped out.. however it looks like when i came back to computer, it all went the right way!!

argh!!
silly mistake !
If ask a silly question.. forgive me!i'm just confused again!
  • #16,203
  • Nov 30, 2012 8:41am Nov 30, 2012 8:41am
Quoting emmanuel7788
LOOKOUT in your local Bookstores

Newbies > LoveBees >Dummies
Many thanks to you for all that you do for us, Brother Emmanuel !
and the book seems to be great !

Love
dom
  • #16,204
  • Nov 30, 2012 8:46am Nov 30, 2012 8:46am
GBP/USD +6

first attempt at ADR trades, little late on entry. exit on the touch of 10ema

citcism encouraged
zander
Attached Image (click to enlarge)
Click to Enlarge Name: 8.gif Size: 35 KB
  • #16,205
  • Edited 9:11am Nov 30, 2012 8:56am | Edited 9:11am
To Newbies, Lovebees and Dummies:

I hate myself for having to say this.
I hate these ADR trades.
Why?
These are low probability type of trades I see on all charts even though many traders here manage to get some pips out of the ADR 'bounce'.
We are trend traders and trend scalpers. I just do not know what to classify these sort of ADR trades.



http://www.forexfactory.com/attachme...1&d=1354286741
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,206
  • Nov 30, 2012 8:58am Nov 30, 2012 8:58am
Hello traders.

My Gu, Eu trades for today
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu30.png Size: 66 KB
  • #16,207
  • Edited 7:07pm Nov 30, 2012 9:10am | Edited 7:07pm
Quoting Pip26
Hello traders.

My Gu, Eu trades for today
Hey Pip26..

Great trades!

I was wondering if you can explain what gives you confidence to hang on to these trades for such long moves especially CT trades..
Is it that you just hang on and exit at the first cross and close across the 10ema or maybe if not crossed yet you see an extreme move away from the 10ema and see a reversal PA bar then you exit??..or certain S/R, RN's come into effect for you to exit with such a move??

Thanks for any help or advice..

Cheers,
Adrian
  • #16,208
  • Nov 30, 2012 9:16am Nov 30, 2012 9:16am
Quoting Vantage
I would suggest from D chart that we are headed up. The reaction lower on 29th in US session was about 30 pips, compared to about 100 pips drop on 27th. Unless the big boys are getting very crafty this also suggests up.

You either trust this and (a) trade 1st engulfing close through 10 ema that you get and accept the risk in entering right on a SR level, (b) wait for a possible pullback below 1.6050 to give some room to get to BE or last (c) hopefully get a break through and pullback above 1.6050 level i.e. a higher low wave above 1.6050.

What...
Hi Vantage,

appreciate your opinion because every traders look at the same chart with different viewpoints. Thanks!!
  • #16,209
  • Nov 30, 2012 9:23am Nov 30, 2012 9:23am
Quoting Pip26
Hello traders.

My Gu, Eu trades for today

Brother Pip26,

very nice trades !

I'm also jealous of your charts very clear !
Can you share the indicator you have on the bottom of your chart please (little MTF charts) ? I would like to test it...
Really sorry if you have received this request many times, i can't find it in your answers..

Thank you brother,

keep on posting, this help us a lot !
peace
dom
  • #16,210
  • Nov 30, 2012 9:34am Nov 30, 2012 9:34am
Lovebee learning curve in 1 month

Dear Master Arjun and Big Brothers (Emmanuel7788, X-man, etc.),
Million thanks for all your doing here.
Please have a look at my learning curve after one month with this thread.
Although my equity has increased in double, I've still made a lot of stupid mistakes such as overtrades, staying too long on a position (greed), moving SL & TP, scatering too many pairs (10 pairs), not always stick to basic setups (CT trade), chasing the price (fear of missing), etc.
My improving action plan for next month will be: trade basic setup only, focus on 4 pairs only, 3 trades per day max, fixed SL & TP.
Could you please advice me what I must add more to the action plan?
Is it allowed if I would create my journal of Arjun methods in FF?
Cheers and thanks again.
Attached Image
Accept as it is being!
  • #16,211
  • Edited 10:26am Nov 30, 2012 10:13am | Edited 10:26am
GU. CT trade. Pin at RN + ADR Low.... also bouncing off D10ema, and 1hr-4hr 200ema.

Have a good weekend everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 54 KB
What is any ocean but a multitude of drops?
  • #16,212
  • Nov 30, 2012 10:16am Nov 30, 2012 10:16am
Quoting Pip26
Hello traders.

My Gu, Eu trades for today
Awesome pip. That was a great move down on GU
What is any ocean but a multitude of drops?
  • #16,213
  • Nov 30, 2012 10:17am Nov 30, 2012 10:17am
Quoting Ramjet
Hey Pip26..

Great trades!

I was wondering if you can explain what gives you confidence to hang on to these trades for such long moves especially CT trades..
Is it that you just hang on and exit at the first cross and close across the 10ema or maybe if not crossed yet you see an extreme move from the 10ema and see a reversal PA bar then you exit??..or S/R, RN's come into effect for you to exit with such a move??

Thanks for any help or advice..

Cheers,
Adrian

sorry for the delay but wait more i will post charts with details soon......
  • #16,214
  • Nov 30, 2012 10:24am Nov 30, 2012 10:24am
Quoting Pip26
Hello traders.

My Gu, Eu trades for today
Great
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #16,215
  • Nov 30, 2012 11:15am Nov 30, 2012 11:15am
Quoting Vnfx
Lovebee learning curve in 1 month

Dear Master Arjun and Big Brothers (Emmanuel7788, X-man, etc.),
Million thanks for all your doing here.
Please have a look at my learning curve after one month with this thread.
Although my equity has increased in double, I've still made a lot of stupid mistakes such as overtrades, staying too long on a position (greed), moving SL & TP, scatering too many pairs (10 pairs), not always stick to basic setups (CT trade), chasing the price (fear of missing), etc.
My improving action plan for next month will be:...
Well done mate
What is your "basic setup"?
Have a great weekend
  • #16,216
  • Nov 30, 2012 11:40am Nov 30, 2012 11:40am
Quoting Ramjet
Hey Pip26..

Great trades!

I was wondering if you can explain what gives you confidence to hang on to these trades for such long moves especially CT trades..
Is it that you just hang on and exit at the first cross and close across the 10ema or maybe if not crossed yet you see an extreme move from the 10ema and see a reversal PA bar then you exit??..or S/R, RN's come into effect for you to exit with such a move??

Thanks for any help or advice..

Cheers,
Adrian
here is my explaination hope this helps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu30s.png Size: 74 KB
Click to Enlarge Name: gu30s.png Size: 71 KB
  • #16,217
  • Nov 30, 2012 11:40am Nov 30, 2012 11:40am
Quoting emmanuel7788
Sorry, for the delay to reply you. I needed some time to look at my own trading too. Not good at multi-tasking at crtical times ... LO and Tokyo close hours.

I hope you figure that out already in the meantime.
Yeah man,mi get it.Thanks fi de help.
With God all things are possible.
  • #16,218
  • Nov 30, 2012 11:41am Nov 30, 2012 11:41am
Quoting BorisViven
Brother Pip26,

very nice trades !

I'm also jealous of your charts very clear !
Can you share the indicator you have on the bottom of your chart please (little MTF charts) ? I would like to test it...
Really sorry if you have received this request many times, i can't find it in your answers..

Thank you brother,

keep on posting, this help us a lot !
peace
dom
Here it is
Attached File(s)
File Type: ex4 pipware-charts.ex4   71 KB | 607 downloads
  • #16,219
  • Nov 30, 2012 12:08pm Nov 30, 2012 12:08pm
Quoting emmanuel7788
Hi Renata,

I see that you have a consistent and structured approach. That is very good.

I trade the 4H period so I am awake at every H4 candle close. Rest of the time, I am sleeping. LOL.

But seriously, I know when there is opportunity to look out for and I set my broker alert to wake me.

Regards,

Hi Emmanuel7788,

When you say you trade the 4H do you wait for PA to close beyond the 10ema, then drop to lower TF to initiate the trade in the same direction of he 4H, or is any PA around the 10 ema all that you need?

Sorry if question is silly one, just that I'd like to also trade on HTF as easier than trading on LTF.

Regards

W99
  • #16,220
  • Nov 30, 2012 12:44pm Nov 30, 2012 12:44pm
Hi,

I wanted to help traders here with s/l placement in this post. I entered long on the wick of the first bar as an aggressive entry with little p.a confirmation. Had I placed my s/l at the bottom of that wick I would have lost money on the trade. I placed my s/l below the area of the last imbalance of S/D (supply /demand). It was a RBR (rally base rally) and it pulled back to that area and shot back up. It was FTB (it was first time back to that area.

Don't just place s/l at X amount of pips without a clear understanding of where would be the most appropriate exit.

Wait for the trade, let price come where you want it , let price come to you. This lower s/l size and you can trade bigger lot.

Don't let the I mssing out make you to just jump into these trades. You will most of time be in drawdown on a retrace or a complete change of direction .Buy dips , sell on rallies. Buy lower and sell higher lol

this was quick pips for me
Attached Image (click to enlarge)
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