Another simple system - Time-Frame 15 | Page 821 | Forex Factory

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

  • #16,401
  • Dec 3, 2012 4:06pm Dec 3, 2012 4:06pm
Quoting fxrobinhhood
Hi IMI


Could you please help with the ADR?
how do you draw ADR high and low line? Is it an indicator or you draw it manually?

thanks
hi Robinhood
please, go to attachments at the top of the page.
click on hide images, it is on the first page called ISM adr marker,
lowweiting's already gave it to you. post#16148
If you're going through hell, keep going. Winston Churchill
  • #16,402
  • Dec 3, 2012 4:31pm Dec 3, 2012 4:31pm
Quoting Imi
hi Robinhood
please, go to attachments at the top of the page.
click on hide images, it is on the first page called ISM adr marker,
lowweiting's already gave it to you. post#16148

Thank you for your promt answer. I really missed his post.

great pips to you.
  • #16,403
  • Dec 3, 2012 4:34pm Dec 3, 2012 4:34pm
Quoting lowweiting
here what u want....
Thanks so much mate.
Sorry I didn't see your post. Tahnks to IMI, I just saw it.
Maybe it is one of the problems of being a night owl.
Lots of studies and work to catch up
but I can't let go of this great thread and nice helpful members. I am trying to catch up but so many pages.
  • #16,404
  • Dec 3, 2012 4:40pm Dec 3, 2012 4:40pm
Hi all,

Just making my way through the thread and doing some back testing while I'm at it. Quick one, is there any way this could have been avoided?
Attached Image (click to enlarge)
Click to Enlarge Name: aaaaa.jpg Size: 137 KB
  • #16,405
  • Dec 3, 2012 6:39pm Dec 3, 2012 6:39pm
Good Morning Asia!

Here is my AJ trade. Entry when price break below historical S&R.
Trade Management using R-Multiple.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ 4 Dec Tokyo 4-12-2012 8-32-31 AM.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,406
  • Edited 7:07pm Dec 3, 2012 6:54pm | Edited 7:07pm
Quoting sawell
Hi all,

Just making my way through the thread and doing some back testing while I'm at it. Quick one, is there any way this could have been avoided?
Hi sawell, I'll state my view.

1. That candle was already far away 10ema(about 25pips), so it's hard to set a proper stop loss.
2. You should look at H4 and D chart, and you'll find there is a Supply Area right above.
3. It's Friday and less than 2 hours to London close, it's not good time to trade.
4. TDI or any other indicator is just a confirmation, it's lagging. If you can find Outside Bar pattern just before in H1 chart?

I've learnt from here is always look at HTF, then wait for trigger in LTF.

Regards
Find your edge, make your system, stick to it.
  • #16,407
  • Dec 3, 2012 7:27pm Dec 3, 2012 7:27pm
Quoting sawell
Hi all,

Just making my way through the thread and doing some back testing while I'm at it. Quick one, is there any way this could have been avoided?
1) My basic rule of trading is never chase after the price.
Always wait for a better price. .... Buy Low, ..... Sell High.

2) Time your trade entry. I do not enter the market when it is close London market session close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,408
  • Dec 3, 2012 7:32pm Dec 3, 2012 7:32pm
Aussie news:

In about 2 hours, RBA may send an early X'mas present to .........

Be vigilant and watch how the market will react.
20pips SL will be easy target.
Wait till the sentiments settle down.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,409
  • Dec 3, 2012 7:35pm Dec 3, 2012 7:35pm
Quoting Aidan1951
Hi everyone, I'm quite new to this wonderful thread and thank all who contribute....I'm still reading from the beginning. Just one question anyone.. Does anyone use Ninja Trader charts as I do? I don't see any posted.
Welcome to the thread. What several members do is download a Demo MT4 trading station from your choice of the many Brokers that are offering the MT4 platform. Do your analysis on it, then place your trade on your Ninja Trader platform.
I have a non MT4 platform that I was able to put the ema's on, of course the various other attachments will not work on it so I use MT4 extensively for analysis. Hope this info helps. Good trading!!!
Kilo
  • #16,410
  • Edited 8:11pm Dec 3, 2012 8:07pm | Edited 8:11pm
Quoting loveevery1
PLEASE DO NOT COPY ANYTHING FROM THIS THREAD.ITS COPYRIGHT.PLEASE WRITE TO ME IF YOU NEED ANY ASSITANCE AND YOU CANNOT DO ANYTHING WITHOUT MY CONSENT.

STAY BLESSED.BY THE WAY THIS IS THE FIRST UPDATE TO THE 1ST POST.STAY BLESSED EVERYONE
Hi Arjun,

Just realised you updated post#1. I like.

Regards,
EMMANUEL

Edit: To all folks reading this thread, Unless you have done your trade planning and see the same as I did, please do not copy or follow my trades when I post them. I only show how I manage my trade posted. But I do have a Plan B for all my trades taken, just in case I see a trade invalidation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,411
  • Dec 3, 2012 8:25pm Dec 3, 2012 8:25pm
AU 3 Dec trade:

This AU trade open yesterday using price pullback from histroical S&R on D LineChart.
Risk now is RBA rate announcement in about 60minutes. So I will take partial profits and BE all trades....or maybe not?
It is about Exits management and having a Plan B.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 3 Dec 4-12-2012 10-17-54 AM.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,412
  • Edited 8:55pm Dec 3, 2012 8:35pm | Edited 8:55pm
MT4 Platform script to Show your Open positions (Trades):

For those of you who trade using MT4 platform, here is script to draw a 'arrow' at the point where you open your trade.
You can post your trades as soon as you open them. But please write down your thoughts and the why you took your trade as this is more important for newbies learning to trade this simple method.

Note: this is a script, and you copy this to your ..<mt4 folder>.. expert .. script ... folder.
If you know how to use the Navigator Favourite, that would be alot simpler.

To use it, simply click and apply to your chart or drag to your chart.

If you encounter any error using this, just give me shout using PM.
DO NOT flood this thread with trivial matters not related to this method and trading.

Have fun!
Attached File(s)
File Type: mq4 Draw_OpenPos.mq4   3 KB | 535 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,413
  • Dec 3, 2012 8:43pm Dec 3, 2012 8:43pm
Quoting loveevery1
Ok....Folks...

Going forward there will be lot of changes to the thread.And one who says that they have taken a trade they need to post their entry and exit like the way i do.Just to make sure they actually took not just posting i have taken these many pips....I agree with certain aspects.you can hide your LOT size/money/ no worries....If you think you have taken a losing trade.Its upto to a trader to post it or not.I would personally would suggest you post but

[color=red]Just post your Entry and exit.Recently...
just catching up reading yesterday's posts.

And I Like this post, ... .

Anyone know of a way how we can give a rating for posts made in FF?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,414
  • Dec 3, 2012 8:49pm Dec 3, 2012 8:49pm
Quoting loveevery1
I will watch the number of posts from today.Lets see how many folks post..I want some realistic pictures...on this thread.I want to really know if folks are making money or they are doing it to simply grab attention of the innocent newbies...

Hope all the seniors traders will respect my decision and always looking forward for your support.

Note: You can post your Live trade or Demo trade doesnt matter.I will not butt in too much on your privacy.Just post a screen shot of entry and exits.rest of the things are not important.Thank you again.
Hi Arjun,

to this post.

You did not make a good decision and you did not make a bad decision either.
You made the right decision. I thought it is about time you did this.

Bless you brother.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,415
  • Dec 3, 2012 8:54pm Dec 3, 2012 8:54pm
Quoting emmanuel7788
just catching up reading yesterday's posts.

And I Like this post, ... .

Anyone know of a way how we can give a rating for posts made in FF?
Hey Emmanuel..

I don't think you can?..
But I was thinking maybe the link to this post should be placed into the first post of the thread as well stressed with Important:- next to it so as to show people this is a serious thread with genuine trades in it rather than a lot of the ego and false information that you see on a lot of the other threads around FF....
Also as newbies keep joining the thread this post would be lost in the thread so best to put it straight for them in their minds from the beginning in the first post of the thread..

Cheers,
Adrian
  • #16,416
  • Dec 3, 2012 8:57pm Dec 3, 2012 8:57pm
Quoting emmanuel7788
just catching up reading yesterday's posts.

And I Like this post, ... .

Anyone know of a way how we can give a rating for posts made in FF?
Hello there buddy...Welcome here
I think someone asked the same question a while ago...Unfortunatly as for as i know there is no option to rate a particular post.Its about time we need those changes brother.Some things are bound to happen at certain time...

Stay blessed
Let all the living things live blissfully
  • #16,417
  • Dec 3, 2012 10:36pm Dec 3, 2012 10:36pm
Quoting loveevery1
Temple....Lol

Hi LE1,

Nice illustration.
I hope you do not mind when I use your picture and add-in what I see.

We must always learn lessons from the past. Same will apply in trading.

Attached is short article by Martin Pring...a simple and good read.

Trade Well folks.
Attached Image
Attached File(s)
File Type: pdf Pring_Peaks And Troughs.pdf   181 KB | 887 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,418
  • Dec 3, 2012 10:40pm Dec 3, 2012 10:40pm
Quoting emmanuel7788
Good Morning Asia!

Here is my AJ trade. Entry when price break below historical S&R.
Trade Management using R-Multiple.

Hi There

Nice trade today on AJ. Are you able to provide the Previous D High/Low indicator ?

thanks
  • #16,419
  • Dec 3, 2012 10:55pm Dec 3, 2012 10:55pm
Quoting pipguru
Hi There

Nice trade today on AJ. Are you able to provide the Previous D High/Low indicator ?

thanks
Hi pipguru,

This is your first post in this thread.

you get this for asking for indicators in this thread. Unwritten Rule.

Previous Day High and Low is on your chart. Simply draw horizontal lines and label them as you wish. Most trading platform has such tools to draw lines.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,420
  • Dec 3, 2012 11:00pm Dec 3, 2012 11:00pm
Hi Everyone,
Can I ask for some help here.
I suspect this newbie still has along way to go...LOL
Attached is the AU H4 chart. The yellow vertical line shows it closing below the 10EMA which I understand is a potential short position.
At least that is my understanding.
I then dropped to the M15 chart and waited for a signal from PA to go short. I was trading away from the 10 and 200 on the M15. The problem is both trades went against me.

After my first loss, I thought id try again as maybe my SL was to close. But as you can see I still got stopped out.

Any help with what I did wrong would be helpful

Cheers

W99
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUH4.png Size: 31 KB
Click to Enlarge Name: AU M15.png Size: 44 KB
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