Another simple system - Time-Frame 15 | Page 812 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Multi time frame Simple MACD system 824 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Another simple system - Time-Frame 15
Exit Attachments

Another simple system - Time-Frame 15

  • #16,221
  • Nov 30, 2012 2:59pm Nov 30, 2012 2:59pm
Quoting emmanuel7788
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...
I picked my entry point due to the ADR reached and also there was a rejection of the 800ema and RN

zander
  • #16,222
  • Nov 30, 2012 3:04pm Nov 30, 2012 3:04pm
Quoting emmanuel7788
LOOKOUT in your local Bookstores

Newbies > LoveBees >Dummies

Hi Emmanual7788

Where is it available. I have seen one which is similar but written by someone else.

Is it to show regards to Master Arjun or is really so.

Pl reply

4xprofessor
  • #16,223
  • Nov 30, 2012 3:41pm Nov 30, 2012 3:41pm
Quoting Pip26
Here it is
Thank you so much brother!

peace
dom
  • #16,224
  • Nov 30, 2012 7:11pm Nov 30, 2012 7:11pm
Quoting emmanuel7788
EOW:

It is End of Week for me now and also End of Month.
Closed all trades.

Has been another geart week trading with you all. Thank you.

Wish EveryOne a Super Weekend!

See you all next Month.
Dear Emmanuel7788

Enjoy weekend brother. U deserve it bcoz u work 5 work.

I had asked u about other than MT4 TFS. Now u can try them on Freestockcharts.com. I have just found it & am not sure whether this is history based or shows current prices or lags but sure about seeing other TFs like 10m, 2d etc.

Pls see if it can be of use.

Metalman
FIGHT TILL FINISH
  • #16,225
  • Nov 30, 2012 7:27pm Nov 30, 2012 7:27pm
Quoting Pip26
here is my explaination hope this helps
Brilliant!!...thanx so much for breaking it down and explaining in detail

Sorry on another point how do you manage the trade on the way to your target areas??....what would actually force you to exit the trade earlier??

BIG thanx again..

Cheers,
Adrian
  • #16,226
  • Nov 30, 2012 7:31pm Nov 30, 2012 7:31pm
Weekend Exercise:

Here is an example using GBPUSD showing how the market traded yesterday Friday 30 Nov.

Study the attached charts and I suggest that you practice this on your trading pairs and learn how to do this regularly until you are fluent in doing this in little time. Use this to plan your intraday trading.

Please post your charts for other members to contribute their comments too.

Also please share your ideas and tips here to help one another.

Enjoy and Have Some Fun doing this.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU D Line chart S&R.png Size: 35 KB
Click to Enlarge Name: GU M15 30 Nov POMO.png Size: 54 KB
Click to Enlarge Name: GU M15 30 Nov Fibo POMO.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,227
  • Nov 30, 2012 7:38pm Nov 30, 2012 7:38pm
Quoting kojak
Well done mate
What is your "basic setup"?
Have a great weekend
Hi Kojak,
Basic setups are setups trade away from 200EMA instructed by Master Arjun. Here are some of his training charts. When I see any setup like this hapen then just jump in with my closed eyes. My problem of the first month and 90% of loss trades came from not follow Arjun's basic setup.
Cheers.
Attached Images
Accept as it is being!
  • #16,228
  • Nov 30, 2012 8:54pm Nov 30, 2012 8:54pm
Quoting zander2034
I picked my entry point due to the ADR reached and also there was a rejection of the 800ema and RN

zander

Thanks Zander.

I am following all the ADR trades posted and still learning and will figure out the LOGIC.
I know from PA and the 10EMA there is a LOGIC behind. I will need more time to convince myself how to trade such conditions.

But I observe that the ADR indicator used by many in this thread has certain behaviour. See my comments made on your posted chart.
The ADR High was not at that level when day open. It moved down after price made lower low during the day trading. And at the same time the ADR Low also move further down to lower price level based on some internal calculation of the ADR indicator. I need to nailed this one to find the ADR indicator formula. I only know many traders use the default 30-days as the average day range calculation.

Thank again for posting your trades. I learn quite a few useful things from they way your trade.

Kind regards,
Attached Image (click to enlarge)
Click to Enlarge Name: ADR .png Size: 127 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,229
  • Nov 30, 2012 9:10pm Nov 30, 2012 9:10pm
Quoting emmanuel7788
Thanks Zander.

I am following all the ADR trades posted and still learning and will figure out the LOGIC.
I know from PA and the 10EMA there is a LOGIC behind. I will need more time to convince myself how to trade such conditions.

But I observe that the ADR indicator used by many in this thread has certain behaviour. See my comments made on your posted chart.
[size=3]The ADR High was not at that level when day open. It moved down after price made lower low during the day trading. And...
Hello Emmanuel,

I don't use this ADR technique, or indicator, but if the lines are moving it's because the code is including the current day's range in the calculation. Therefore the lines will move as the day progresses. The lines will move notably when the current day's ADR is higher than the previous day.
  • #16,230
  • Dec 1, 2012 4:00am Dec 1, 2012 4:00am
Quoting emmanuel7788
Thanks Zander.
...
But I observe that the ADR indicator used by many in this thread has certain behaviour. See my comments made on your posted chart.
[size=3]The ADR High was not at that level when day open. It moved down after price made lower low during the day trading. And at the same time the ADR Low also move further down to lower price level based on some internal calculation of the ADR indicator. I need to nailed this one to find the ADR indicator formula. I only know many traders use the default 30-days as...
Hi, emmanuel. I think ADR high/low lines will move as price making new high/low in the day before ADR reaches its value. Once the daily price's range exceed ADR, it will not move again and settle down.

I don't know if I have explained it clearly. Or maybe I'm wrong about it.

BTW, I'll post the exercise you leaved when I finish the charts. Thank you a lot.
Find your edge, make your system, stick to it.
  • #16,231
  • Dec 1, 2012 6:35am Dec 1, 2012 6:35am
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...
Hi Vnfx, can you contribrute your template please?
DB#23
  • #16,232
  • Dec 1, 2012 7:06am Dec 1, 2012 7:06am
Quoting Davidbeckham
Hi Vnfx, can you contribrute your template please?
Hey DB..

That's actually not a template..it is part of MT4..
If you click on the Account History tab > Right click on a trade in there > click on save as detailed report > at the bottom of all your trades you will see a graph and other relevant information..

Cheers,
Adrian
Attached Image (click to enlarge)
Click to Enlarge Name: Account history.png Size: 14 KB
  • #16,233
  • Dec 1, 2012 7:11am Dec 1, 2012 7:11am
Quoting Ramjet
Hey DB..

That's actually not a template..it is part of MT4..
If you click on the Account History tab > Right click on a trade in there > click on save as detailed report..

Cheers,
Adrian
Hi Ramjet,

Yes i know about it
but, I mean is template he use, cause I think template in page one already expired
Can i also get your template Ramjet?
I am new here, last few days I kept reading the rules in using these indicators
DB#23
  • #16,234
  • Dec 1, 2012 7:30am Dec 1, 2012 7:30am
Quoting Davidbeckham
Hi Ramjet,

Yes i know about it
but, I mean is template he use, cause I think template in page one already expired
Can i also get your template Ramjet?
I am new here, last few days I kept reading the rules in using these indicators
I have about 10 different templates as I like my pretty colors
All you need is this template from the first page of the thread and the attached indicators for now to get started and just change the colors to your taste..
This post will explain how to put the yellow line onto the TDI http://www.forexfactory.com/showthre...52#post6155752

Also I think you may have to add the 50ema to the template also..

Cheers,
Adrian
Attached File(s)
File Type: tpl temp.tpl   48 KB | 337 downloads
File Type: mq4 Round Numbers 5 digit.mq4   4 KB | 351 downloads
File Type: mq4 TDI Red Green.mq4   9 KB | 363 downloads
  • #16,235
  • Edited 9:43am Dec 1, 2012 7:40am | Edited 9:43am
Quoting Davidbeckham
I am new here, last few days I kept reading the rules in using these indicators
Hey DB..

For now just stick to the basic rules of trading away from the 200ema and 10ema as posted on the first page of the thread.. http://www.forexfactory.com/showthread.php?t=345586 ..and that should give you good pips on it's own.. from there you can develop more advanced ideas as you read through the thread and gain more experience..

Using the TDI.. http://www.forexfactory.com/showthre...28#post6216328

The Plan and Potential.. http://www.forexfactory.com/showthre...50#post6219650

Hope that helps in some way

Cheers,
Adrian
  • #16,236
  • Dec 1, 2012 7:55am Dec 1, 2012 7:55am
Quoting wizard99
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

Hi W99,

What I meant when I said I trade the 4H period is I will look at my chart on the clock time: i.e. 8am, 12noon, 4pm, 8pm, 12mn, 4am...my local time. I don't stay up for the 4am period unless I have open trades to manage.

The way I approach the market is the same what Arjun taught us.

WHAT I DO Everyday?

by Master Arjun

1) I open the MT4..

2) Go to daily see where the price is in relation to
10ema/200ema..............(3 minutes)

3) Go to 4 hours see where the price is in relation to
10/200/800ema..............(5 minutes)

4) By now.you should if you are going to short or long
today .................... (3 seconds)

5) Now go to 15min..wait there patiently for the
setup. Sometimes im very impatient..

6) Watch the price....in relation to 10/200/800emas....

7) Cook the trade and take it according to your taste...

I hope this is clear.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,237
  • Dec 1, 2012 8:02am Dec 1, 2012 8:02am
Quoting emmanuel7788
Hi W99,

What I meant when I said I trade the 4H period is I will look at my chart on the clock time: i.e. 8am, 12noon, 4pm, 8pm, 12mn, 4am...my local time. I don't stay up for the 4am period unless I have open trades to manage.

The way I approach the market is the same what Arjun taught us.

WHAT I DO Everyday?

by Master Arjun

1) I open the MT4..
[font=Georgia]
[size=3]2)...
Hey Emmanuel..

How are you using the Weekly and Daily TF's just as S/R areas or have you got other indicators set up on them you don't show in the thread to give you ideas of where you think price may be going next??..

Cheers,
Adrian
  • #16,238
  • Dec 1, 2012 8:10am Dec 1, 2012 8:10am
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...
Hi Vnfx
Thank you for sharing your trade performance.
Congrats for completing 100 trades.
It is good you have done your own evaluation and has some action plan thought out.
I made a few remarks on your equity curve and you need to think of how to respond to that.
There are some loss trades done in the period label (1) , (2) and (3). See attached pic where I made those comments.
Study those trade losses and find out reason for the losses.
Categorise the losses into:
. wrong entry (meaning market went against your trade immediately after entry)
. SL (R) hit (initial SL set too small , number of pips?)
. SL (R) hit too large exceeding 20 pips.
. trade management – did not move stop to reduce initial R trade to BE
. market hours of those trades
Something which you may want to think of is how to grow your trading capital exponentially.
You may want to consider scaling-in positions when in trend run.
regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Vnfx EQ curve.png Size: 112 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,239
  • Dec 1, 2012 8:19am Dec 1, 2012 8:19am
Quoting emmanuel7788
Hi Vnfx
Thank you for sharing your trade performance.
Congrats for completing 100 trades.
It is good you have done your own evaluation and has some action plan thought out.
I made a few remarks on your equity curve and you need to think of how to respond to that.
[color=black][font=Verdana]There are some loss trades done in the period...
Hey Emmanuel...

BIG thanks for this

Do you think you could go a bit more in depth of breaking every thing down on this subject on what to do in order of organizing things methodically as to tell you the truth I'm all over the place with this part of trading??..

Cheers,
Adrian
  • #16,240
  • Dec 1, 2012 8:21am Dec 1, 2012 8:21am
Quoting Ramjet
Hey Emmanuel..

How are you using the Weekly and Daily TF's just as S/R areas or have you got other indicators set up on them you don't show in the thread to give you ideas of where you think price may be going next??..

Cheers,
Adrian

On every trading platform you can use the available Fibonacci tool to draw the Weekly and Daily fibo retracement and extension levels. These levels can be used to look for CONFLUENCE with other price levels like and look for PA decisions. I mentioned before that to watch out for PA when market fails near fibo 127% and 138%, and reverses back into the previous D range. Also price puillback to fib 38% and 50% for better price entry, etc.
I do not think of where price may go to next. CS patterns recognition and consistent use of S&R is all part of PA trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
5 traders viewing now