Another simple system - Time-Frame 15 | Page 831 | 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

  • #16,601
  • Dec 5, 2012 7:27am Dec 5, 2012 7:27am
Quoting lehin
It helps a lot. I still miss a lot of things in my chart analyze. Thank you for this post
Hey Bro, it is important to read as much of the Thread as u can..starting with the page #1..At least all of the posts written by Loveevery1 (and other frequent contrubutors). It's all there. It's a Treasure.

Ciara
Ideas shape the course of history
  • #16,602
  • Dec 5, 2012 7:28am Dec 5, 2012 7:28am
Quoting billytt
you say this is copyright???? it is quite old school trading, oh well. take care all
My words are copyright my friend not the method...U should be in this thread to understand things......200ema is being used on every thread possible....10ema same....for that matter even japanese candlestick is not mine...

But not my words and sentences and posts from this thread......Take care and stay blessed
Let all the living things live blissfully
  • #16,603
  • Dec 5, 2012 8:19am Dec 5, 2012 8:19am
Quoting josh11
Guy just to let you all know all the pairs I watch are CT today so I have been sitting on my hands

Arjun and Gribil have always said wait for the perfect set-up and I haven't found any today for me!!
Yessir. The main thing I'm learning from this thread is how to stay out of bad trades.
My favorite crochet hook is size J. It's a J-Hook!
  • #16,604
  • Dec 5, 2012 8:24am Dec 5, 2012 8:24am
Quoting littlebunny
Yessir. The main thing I'm learning from this thread is how to stay out of bad trades.
I am very happy to here this keep it up!!

Patients is the key
  • #16,605
  • Dec 5, 2012 8:25am Dec 5, 2012 8:25am
This is what happens when you don't follow your own trading plan.

Why did I not follow the rules? I don't know.

No patience? Psychological?

I keep reviewing my trades and ask myself why I took them.

I just kept opening trades left and right on every small movement.

I don't know, but my account won't last this way.

Oh, this is live.
Attached Image (click to enlarge)
Click to Enlarge Name: statement.JPG Size: 37 KB
  • #16,606
  • Dec 5, 2012 8:35am Dec 5, 2012 8:35am
Quoting fxtrade13
This is what happens when you don't follow your own trading plan.

Why did I not follow the rules? I don't know.

No patience? Psychological?

I keep reviewing my trades and ask myself why I took them.

I just kept opening trades left and right on every small movement.

I don't know, but my account won't last this way.

Oh, this is live.
Do you mind putting up your charts and then maybe we can comment on them!! to help you thanks
  • #16,607
  • Dec 5, 2012 8:54am Dec 5, 2012 8:54am
Guy waited all day for my set-up and found it.

UJ Bounce of support area I marked yesterday, waited for all Ema's, nice little bounce of TL... Small SL of 5pips got 8pips on one and 12 on the other! closed because hit ADR
Attached Image (click to enlarge)
Click to Enlarge Name: ujjjjjj.jpg Size: 91 KB
  • #16,608
  • Edited 9:25am Dec 5, 2012 9:08am | Edited 9:25am
Quoting fxtrade13
This is what happens when you don't follow your own trading plan.

Why did I not follow the rules? I don't know.

No patience? Psychological?

I keep reviewing my trades and ask myself why I took them.

I just kept opening trades left and right on every small movement.

I don't know, but my account won't last this way.

Oh, this is live.

I am a newbie, too. Even after 2 years I happen to do the same. I think it is the psychological part. I have been like this but am trying to control my feelings. Today I did not and lost 43 pips. This is what happens. When you do not follow the rules, you become more impatient. you try to jump in every trade without having a clear logic behind it. You lose every time and go for another. Trying to revenge the market. This is how people blow up their accounts.

Let me share one of my experiences.


A few months ago I changed a 20 $ account to 150 $ in 2 months. Using .01 - .02 lot. Then I started to have some losers. The more I lost, the more I lost my control. I increased the lot size and jump in every move. You can't believe this. I lost all I had earned in 8 weeks in 1 week.
Then I blew up another 100 $ account in 1 month. This might have happened to many newbies.
Not knowing what to do is the killer.

That is why we must follow the rules. There are bad days and we have to be patient. The best thing as Arjun said is closing your trading platform and going for a walk. Do not come back until you have a clear head. I know it is difficult. A sound rings in your mind. "keep trading... You will get this one..." But it is wrong. Some times we need to clear our heads and sit on our hands till then. Next you come back to analyze.

As JOSH already said, posting the tardes here can help a lot. There are many experienced traders who can help us.

I hope that can help and I have not bored you.

Keep practising mate and don't disaappoint.
  • #16,609
  • Dec 5, 2012 9:08am Dec 5, 2012 9:08am
Quoting josh11
Do you mind putting up your charts and then maybe we can comment on them!! to help you thanks
Here is the AU trade for example. Saw it move down fast, entered late, then panicked and exited right away for a loss.

I was trying to recover all my previous loss in one trade.
Attached Image (click to enlarge)
Click to Enlarge Name: autrade.gif Size: 33 KB
  • #16,610
  • Dec 5, 2012 9:35am Dec 5, 2012 9:35am
In your first post you answer the question: "No patience? Psychological?"

Trading is not about just jumping in to make up for losses, you need a trade plan with rule to follow!! And stick to them...

Do you have a trade plan writen down?
  • #16,611
  • Dec 5, 2012 9:36am Dec 5, 2012 9:36am
[quote=loveevery1;6265490]My words are copyright my friend not the method...U should be in this thread to understand things......200ema is being used on every thread possible....10ema same....for that matter even japanese candlestick is not mine...

Thankyou for the kind words, you seem to have a good thread. i was only pointing out something lol. ihave my own trading ways and will not harras you lol. Take care and be blessed your self.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #16,612
  • Dec 5, 2012 9:45am Dec 5, 2012 9:45am
Quoting fxtrade13
Here is the AU trade for example. Saw it move down fast, entered late, then panicked and exited right away for a loss.

I was trying to recover all my previous loss in one trade.
I will also highly suggest reading the hole thread, you will be amazed what you will learn!! Invest you time in that and then practice...
  • #16,613
  • Dec 5, 2012 9:54am Dec 5, 2012 9:54am
been away after first trade... after some wait and patience marked paid again
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej5.png Size: 51 KB
Click to Enlarge Name: ej5rr.png Size: 4 KB
  • #16,614
  • Dec 5, 2012 10:21am Dec 5, 2012 10:21am
Quoting josh11
In your first post you answer the question: "No patience? Psychological?"

Trading is not about just jumping in to make up for losses, you need a trade plan with rule to follow!! And stick to them...

Do you have a trade plan writen down?
Thanks josh11. Yes I do have a set of rules and trading plan and I've been following this thread for quite a while now.
Problem is sometimes I don't follow my plan and get very upset when I do this. I had already closed my platform before my
last two losses, but I reopened it, and placed them. Sometimes I can't believe what I do.

FACT: Trading is 95%+(at least) psychological.
  • #16,615
  • Dec 5, 2012 10:28am Dec 5, 2012 10:28am
Quoting fxtrade13
This is what happens when you don't follow your own trading plan.

Why did I not follow the rules? I don't know.

No patience? Psychological?

I keep reviewing my trades and ask myself why I took them.

I just kept opening trades left and right on every small movement.

I don't know, but my account won't last this way.

Oh, this is live.

Hi mate, hope you well.

(also to few others who have sent pm)

First of all sorry to hear about your loss – never a good feeling.

Let me give few ideas – this is from helping a few people. Please do not take any comments as harsh but I’m only trying to help

Trading plan, trading rules, patience, psychological – these are the words you have used.

Tell me how much of the thread have you have read? If I asked you what strategies you follow – what would you answer?

Just by looking at your Aussie entry I can probably answer the above. You seem to be in panic mode to ‘get into a trade’.

Just an experience from helping someone who has been reading the thread – I feel many are trying to look at the markets from many eyes! That will never work. When you narrow it down to just your eyes then it will start working for you.

Get comfortable with the ‘few’ strategies first! Practice, practice and practice. All this on demo. Add YOUR trading plan to this, add YOUR rules to this – patience will come when you start getting confident about your trading.

I think ‘psychological’ factor comes in when you start trading your plan and rules. This can only come when you KNOW what trades you are looking for – hence your strategy!

How about focus on few setups – pin bar on the trend move, pin bar rejection from 50ema or 200ema and waiting for the close above 10ema to enter, how about a clear 200ema break strategy. These are core setups which repeat over and over again.

You are not going to be rich by rushing to trade real money – but you can certainly lose your confidence within a VERY short period without doing the required work.

Read the thread, make notes, make folders of charts, make notes on charts, keep reading and reviewing them.

Have a look at the 200ema break trades I took (compare that to your aussie one). Also look at all the 200ema break trades I have done (ive only been on the thread myself since 26th oct) – you will find that they are ALL THE SAME.

Forget the number of pips people are posting – that’s not important at all. Do not feel you have to trade because you are missing out! Pips made is a very grey area – but focus on the charts and trade setups to help.

Hope it helps.
  • #16,616
  • Dec 5, 2012 10:39am Dec 5, 2012 10:39am
Question for our Candlestick pattern King. Emannuel sir.

Would this be a signal for long? below is EURUSD H4

http://clip2net.com/clip/m146154/135...5-clip-9kb.png
If you want your dreams to come true, you better wake up !!!
  • #16,617
  • Dec 5, 2012 10:56am Dec 5, 2012 10:56am
Quoting aryary
Hi mate, hope you well.

(also to few others who have sent pm)

First of all sorry to hear about your loss – never a good feeling.

Let me give few ideas – this is from helping a few people. Please do not take any comments as harsh but I’m only trying to help

Trading plan, trading rules, patience, psychological – these are the words you have used.

Tell me how much of the thread have you have read? If I asked you what strategies you follow – what would you answer?

Just by looking at your Aussie entry I can probably...
Hi aryary,

This was not for me, but as a newbie i really appreciate your words.

Thank you

Helee
  • #16,618
  • Dec 5, 2012 11:10am Dec 5, 2012 11:10am
Quoting aryary
Hi mate, hope you well.

(also to few others who have sent pm)

First of all sorry to hear about your loss – never a good feeling.

Let me give few ideas – this is from helping a few people. Please do not take any comments as harsh but I’m only trying to help

Trading plan, trading rules, patience, psychological – these are the words you have used.

Tell me how much of the thread have you have read? If I asked you what strategies you follow – what would you answer?

Just by looking at your Aussie entry I can probably...
Thank you for taking the time to reply aryary, I appreciate it. That AU trade is part of no trading plan, I just saw red moving down fast and I clicked sell, I was desperate. I should know better. I get into a winning streak, and then something like this happens. I don't know why I have this constant fear that today is my last chance and time is running out, the last trading day, and there will me no setups/opportunities, tomorrow, or ever.
  • #16,619
  • Dec 5, 2012 11:27am Dec 5, 2012 11:27am
Quoting fxtrade13
Thanks josh11. Yes I do have a set of rules and trading plan and I've been following this thread for quite a while now.
Problem is sometimes I don't follow my plan and get very upset when I do this. I had already closed my platform before my
last two losses, but I reopened it, and placed them. Sometimes I can't believe what I do.

FACT: Trading is 95%+(at least) psychological.
I am very glad you have a trading plan, like you said psychology is a key point and will come after a lot of practice and confidence in your trade plan!!

I totally agree with aryary...

Just keep your chin up my friend we all get days like this... Just never give up!!

Good luck
  • #16,620
  • Dec 5, 2012 12:02pm Dec 5, 2012 12:02pm
A typical question I got asked by my friend – ‘how I spot the trades’ – I just walked him through my morning trades and I thought it would be useful for few people – so posting. (this was a skype conversation)

(posting charts again)

- okay i will go through eur/cad & eur/aud trades

- im not always looking at these pairs...i flick through pairs depending on what the majors are doing

- at the time i saw that on 15min a top was made on eur/aud in the asian session and price was moving down - getting steeper with 10ema

- I instantly look at a correlated pair, ie eur/cad (this time commodity v euro)

- i see that the 200ema is below on both - hence i know the 4hr 10ema is there

(you do not need to look at another correlated pair – I only do to see if that maybe providing a better setup – sometimes both are good – hence can be useful to manage against each other!)

- quick look at 1hr and 4hr charts
- check on the s/r in the area (I’m not interested in s/r 100 pips away)
- 1hr shows a pin a top (eur/aud), 4hr close at or few pips below 10ema- after a trend! – This is the setup!
- 15min 200ema and 4hr 10ema (are just a fraction out), so looking for retrace and break

- entry:

eur/aud: break of 200ema and retest
eur/cad: squeeze between 10ema and 200ema

- with the 4hr candle close it is the best confirmation for these kinds of setups (but can also play it with the hourly with careful trade management) – like I posted before, when there has been a trend with candles closing (in this instance) above the 10ema, and we get a candle closing below – we will get a retrace to the 10ema before continuation. A very high % it will happen on the very next candle – That’s my observation.

This retrace to the 10ema on the 4hr is the same thing that is done on the 15min setups – even after a pin bar setup! SAME LOGIC.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 5dec2012_euraud_eurcad.jpg Size: 166 KB
38 traders viewing now