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Another simple system - Time-Frame 15

  • #16,521
  • Dec 4, 2012 12:40pm Dec 4, 2012 12:40pm
Quoting sashadeol
Welcome back Wonderwomen, you were in my prayers everyday.

Belated happy birthday to Master Arjun's son.

Thanks everyone for keeping the thread active and posting charts. I am sorry, I was down with fever, so did not post, but this thread kept me company :-)

I am posting my first live trade, unfortunately, I hit stop loss on the first one itself. Any comments from fellow traders are welcome. I agree I was late in entry, there were good entries in LO, but I live on EST zone, so could not trade LO. The entry I took, was bounce off the 10 EMA, after...
Sorry about the fever. I hope u are feeling better now. You might need some refresh after the fever? Check your chart yourself, i am very sure you will know why it did'nt work. Hint. Trade Zone and NO trade Zone. You trade towards BRN, at the end of a run, at a resistance level.

HEY HEY. that indicator is not for you to just trigger. it is just a guide. That indicator that tell you to buy
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #16,522
  • Dec 4, 2012 12:48pm Dec 4, 2012 12:48pm
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Hi all this is my first post here, and want to thanks Master Arjun for this thread,and every others that support newbees like me. Im more than a month reading the thread, and new posts and trying some trades, meanwhile doing my job., so its no quick process.
I made two trades today, but no time to post immediately open , so I post now.
First Trade (number 1 on chart), hesitate one because loose the entry I would trigger( point 0 on chart) any way go on because price was over open point and emas all in place,away from ema200 and candle right, closed before I should for +6,
then on the same chart marked several possible entries. Did not take them for fear to buy on highs.
Second trade on EJ +8 pips
Thank you again. Sorry for my English not my mother language.
Attached Image(s) (click to enlarge)
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  • #16,523
  • Dec 4, 2012 1:03pm Dec 4, 2012 1:03pm
Thanks Pip26

I checked that chart and compared. I was sure that EURUSD would go higher today, so I did not expect the peak had formed or the uptrend was over. From my perspective, it felt that it just broke BRN, and after retrace will continue higher trend.

http://clip2net.com/clip/m146154/135...-clip-48kb.png


Quoting Pip26
hi sasha,

please check ur entry point do u think that bar formed at right place???

check the link and tell me what this chart shows u?
http://www.forexfactory.com/showthre...41#post6257241
If you want your dreams to come true, you better wake up !!!
  • #16,524
  • Dec 4, 2012 1:07pm Dec 4, 2012 1:07pm
I agree ejiexe.

I was only able to conclude that my trade did not work because of BRN and resistance. And Yes, I also debated with myself, that I took entry below BRN for long, I should have waited for a clean break and close above, and then retrace.

How does one detect or confirm "end of a run"? I did not expect it to run out of steam.... I did not see ADR getting hit. The earlier Supply zone was also a bit higher.... like 1.3130 area....

If I see right now... EU is going up again .... and is above my earlier entry .... so was my stop loss too small ?

I am unable to understand, did I get in too quickly ?

Quoting ejiexe
Sorry about the fever. I hope u are feeling better now. You might need some refresh after the fever? Check your chart yourself, i am very sure you will know why it did'nt work. Hint. Trade Zone and NO trade Zone. You trade towards BRN, at the end of a run, at a resistance level.

HEY HEY. that indicator is not for you to just trigger. it is just a guide. That indicator that tell you to buy
If you want your dreams to come true, you better wake up !!!
  • #16,525
  • Dec 4, 2012 1:14pm Dec 4, 2012 1:14pm
Quoting wonderwoman
I would like to thank each and everyone of you for your lovely messages and words of support.
I finally got home today and I am feeling much better now.
There are so many kind hearted people on this thread which fills my heart with such warmth.
May God be with you all.

Take Care
WW x
Welcome back!!!
We are happy to have you here!



God bless you.
  • #16,526
  • Dec 4, 2012 1:37pm Dec 4, 2012 1:37pm
E/U + 20

controlled feeling and greed. entered after pa touch 50 ema.
moved sl to BE asap and moved to +6. Set TP before RN at the time of entry.

good pips to every one. It was a difficult day but

the good part is I got some attention directly from the Master himself. Thanks Arjune.


Attached Image (click to enlarge)
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  • #16,527
  • Dec 4, 2012 2:16pm Dec 4, 2012 2:16pm
The only reason I asked was because there is a statement on Page 1 of this system that says to ask permission. I don't want to do anything that could be misunderstood.

All is well Adrian. Thanks for asking. Do you think the next few weeks would be a bad time to test the system, with the holidays and all? Last year I was skunked from Thanksgiving to the New Year with the system I was using.

I will take you up on your offer to skype before I do, if that’s ok.

Regards,

Frank

Quoting Ramjet
Template & Indicators..

Hi ya Frank..

Hope all's well

This template and indicators should be enough to get you going..

Cheers,
Adrian
  • #16,528
  • Dec 4, 2012 2:17pm Dec 4, 2012 2:17pm
Quoting fxrobinhhood
E/U + 20

controlled feeling and greed. entered after pa touch 50 ema.
moved sl to BE asap and moved to +6. Set TP before RN at the time of entry.

good pips to every one. It was a difficult day but

the good part is I got some attention directly from the Master himself. Thanks Arjune.


Attachment

very good trade!
in my view, that 50EMA was CONFLUENCE with Prev D high....not too far froma historical S&R.
High probability setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,529
  • Dec 4, 2012 2:25pm Dec 4, 2012 2:25pm
Hi experienced traders,
am i thinking right? i am just doing visual backtesting through intraday M15 TF. Please any suggestion to entry and exit areas (price action around emas) ? That will be nice feedback for me if i understood basic setup and CT trades or if i missed some important things via countless reading of this great thread. Thank you
Kindly regards
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  • #16,530
  • Dec 4, 2012 2:33pm Dec 4, 2012 2:33pm
Quoting ejiexe
Sorry about the fever. I hope u are feeling better now. You might need some refresh after the fever? Check your chart yourself, i am very sure you will know why it did'nt work. Hint. Trade Zone and NO trade Zone. You trade towards BRN, at the end of a run, at a resistance level.

HEY HEY. that indicator is not for you to just trigger. it is just a guide. That indicator that tell you to buy
That dashboard indicator:

That dashboard only show you at a glance an overview when the PA is above or below the 10 EMA of that Timeframe for the selected currency pairs.

It is not a BUY or to SELL signal.

ALL BUY/SELL trigger must be seen on M15 candle Price Action.

I hope Newbies here understand why that dashboard indicator was created in the first place.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,531
  • Dec 4, 2012 2:51pm Dec 4, 2012 2:51pm
Quoting sashadeol
I agree ejiexe.

I was only able to conclude that my trade did not work because of BRN and resistance. And Yes, I also debated with myself, that I took entry below BRN for long, I should have waited for a clean break and close above, and then retrace.

How does one detect or confirm "end of a run"? I did not expect it to run out of steam.... I did not see ADR getting hit. The earlier Supply zone was also a bit higher.... like 1.3130 area....

If I see right now... EU is going up again .... and is above my earlier entry .... so was my stop...

Hi sasha,

Hope your fever has subsided by now. Take care!

About your trade, in hindsight now, I can tell you a lot of reasons for the risks of that trade you took.

1) But just to keep things simple, when you see the 10EMA is getting further away from the 50EMA, please wait for a price to pullback. These EMAs are indication of the market volatility seen on M15 chart TF. You must learn to catch the trend early by comparing how far apart the EMAs are.

2) When London session H4 make two consecutive HH with big range, pay closer attention to pullback. That long M15 candle with long upper wick is first sign of danger above.

3) Alwasy pay very close attention to Close prices.

I suggest you go back to demo for this month. This month top priority it to Preserve Capital.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,532
  • Dec 4, 2012 3:08pm Dec 4, 2012 3:08pm
Hi,

It is 4pm EST and the most boring time to trade.
small movements.
Who is scalping now?

my time is 5am, I prepare my breakfast while watching you guys scalp.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,533
  • Dec 4, 2012 3:24pm Dec 4, 2012 3:24pm
Quoting aryary
Hi mate, hope you well.

Just something from me regards that one - I believe Arjun waited for the 1hr close for confirmation. 4hr was closing too - candle after.
hello brother,
thanks for your response. much appreciated.

the candle i pointed was the one to close the 1h candle though. 4h closed 45 min earlier (before my candle). just trying to figure out what i'm missing lol. hope you had a good trading day today bro


emmanuel, you are the earliest bird i have ever seen lol. ready to catch some worms lol..

peace and love
steph
  • #16,534
  • Dec 4, 2012 3:27pm Dec 4, 2012 3:27pm
Been studying a bit today.

Below it is the M15 chart of Eminis (S&P 500 futures, December edition). 10, 50 and 200 EMA..
50 EMA (H1-10) works with charm.

Small stops, big returns...usually RR 1:5.

It works..

Ciara
Attached Image (click to enlarge)
Click to Enlarge Name: gooseES.jpg Size: 83 KB
Ideas shape the course of history
  • #16,535
  • Dec 4, 2012 3:35pm Dec 4, 2012 3:35pm
Quoting 99problems
emmanuel, you are the earliest bird i have ever seen lol. ready to catch some worms lol..

peace and love
steph
emmanuel is a big rooster, he needs to be awake in time and crow so that the sun will rise.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,536
  • Dec 4, 2012 3:41pm Dec 4, 2012 3:41pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting emmanuel7788
ALL Newbies,

you must know the $value per pip of every currency pair you trade.

see attached.
My system is based on points but if you multiply by ten it will give you the pip value.
Paul,
Attached Image (click to enlarge)
Click to Enlarge Name: Point2Dollar_001.jpg Size: 99 KB

Attached File(s)
File Type: mq4 MrC_Point 2 Dollar_Value.mq4   < 1 KB | 361 downloads
Of all the things I've lost I miss my mind the most .
  • #16,537
  • Dec 4, 2012 3:47pm Dec 4, 2012 3:47pm
Thanks Emmanuel

Appreciate your revert and I will become more patient ( I usually am).

Quoting emmanuel7788
Hi sasha,

Hope your fever has subsided by now. Take care!

About your trade, in hindsight now, I can tell you a lot of reasons for the risks of that trade you took.

1) But just to keep things simple, when you see the 10EMA is getting further away from the 50EMA, please wait for a price to pullback. These EMAs are indication of the market volatility seen on M15 chart TF. You must learn to catch the trend early by comparing how far apart the EMAs are.

2) When London session H4 make two consecutive HH with big range, pay closer attention to...
If you want your dreams to come true, you better wake up !!!
  • #16,538
  • Dec 4, 2012 4:52pm Dec 4, 2012 4:52pm
Watching GJ..before Tokio Session, homework time.. Quite a mess..lol
H4 candle bearish close, H1 candle bullish close, Daily bullish close and then that Pattern below:
Abandoned baby..evening star doji surrounded by two haramis..

Emmanuel..something for u..bro
It doesnt happen very often. Lets see hw it works..(less important, its M15 only )

Ciara
Attached Image
Ideas shape the course of history
  • #16,539
  • Dec 4, 2012 4:58pm Dec 4, 2012 4:58pm
Quoting aryary
Hi mate,

Few things on that Cable long trade -

See daily resistance - ie look on the 15min chart and the pin - warning sign that sellers in that area.

More importantly see where you took the trade - so far from the 15min 10ema. If entry was close to the 10ema (distance at the time was approx 10 pips) you could have managed the trade better.

I find that even if you are not 'totally correct' in your analysis, but if you try to execute at a good entry point (ie near the 10ema) you get good room to manage the trade even when its not working...
Thanks for your feedback I appreciate it

I had taken an earlier trade on the G/U and noticed the daily resuistance zone but I must not have been focused enough to see it during this trade as the chart did also show a warning signal so my own fault.

The reason that I had taken it so far from the 10 ema is because I wanted to confirm by the candle closing that it was actually a bounce but I could have made a better entry if I had entered slightly earlier. I think the fact that the bounce was not a hammer candle threw me a bit and I still felt the need to wait until candle close

zander
  • #16,540
  • Dec 4, 2012 8:07pm Dec 4, 2012 8:07pm
Quoting Ciara
Been studying a bit today.

Below it is the M15 chart of Eminis (S&P 500 futures, December edition). 10, 50 and 200 EMA..
50 EMA (H1-10) works with charm.

Small stops, big returns...usually RR 1:5.

It works..

Ciara
I like!!

Thanx Ciara
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