Another simple system - Time-Frame 15 | Page 833 | 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

  • #16,641
  • Dec 5, 2012 9:59pm Dec 5, 2012 9:59pm
Quoting sashadeol
I watched it, not trading right now, brother Arjun told me to chill after my loss yesterday.... Lol....
thats good advice.

I chill all the time at every 4-hours interval. Trading must be stress free. There is no real need to beat yourself looking at your chart so often for trade setups and triggers.

chill but do not freeze!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,642
  • Dec 5, 2012 10:05pm Dec 5, 2012 10:05pm
Quoting emmanuel7788
Dear Adrian,


never knew they make youtube of everything ... LOL.


you are really our WikiLE1 thread.


mybe I shoud start making some videos too and stop posting here. LOL.


Actually....I do prefer video's for learning...if your keen!!
  • #16,643
  • Dec 5, 2012 10:07pm Dec 5, 2012 10:07pm
Quoting robuk
this trade kind of "jumped out" at me, i'm hoping this is a good sign .
1.we'd had 5 higher days and now price at a htf - s/r line i put in last sunday
2. double top and divergence
3. the " gem " courtesy of PHX62
4. ARJUN c/t set-up (tdi x below MBL and close below 10 ema)and 10 cross below 50ema
5. break below previous day high
exit , getting close to 200 ema , htf s/r line drawn earlier, and fib 61.8
so i got 27 pips - yipee !! (thats good for me, but i'm still only on demo )
Hi robuk,

You got the best of the BASIC SETUP and rewarded with 27pips.
You got the thinking process in order too.
Fantastic..... and well done!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,644
  • Dec 5, 2012 10:20pm Dec 5, 2012 10:20pm
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.
Brother Fxtrade...i feel so bad to see this one...i dont know how long you have been trading.if you trading eperience is less than 6 months...stop trading LIVE....First Trade in your mind then start a demo account and then live when you get confidence...


some general Noteslz dont doubt these
I will point out few things from the rest of the folks....

1) Take shower before trading.
2) The Day before trading sleep before 11pm
3) Avoid Non vegetarian
4) Wash your hands and ears before entering the Trading room.
5) If taken a Loss....Leave the computer and laugh out aloud and go out and wash your hands and ears..you guys have no idea about this exercise.This cools your MIND and SPIRIT.Atleast this will avoid you from taking another trade.
6) There is a picture i posted with the man on the chair sitting.Follow that ergonomics style.This will take care of your psychology matters...

Eating: What you Eat is what you Become
You take the properties of that things you EAT.If you eat too much spicy food...you will get angry.no one can deny this.you can experience it this afternoon if you want to test it.Do not take trades right after you wake up from sleep.Follow the Ergonomic picture i posted..

Hope this helps....
Let all the living things live blissfully
  • #16,645
  • Dec 5, 2012 10:25pm Dec 5, 2012 10:25pm
Quoting emmanuel7788
Hi robuk,

You got the best of the BASIC SETUP and rewarded with 27pips.
You got the thinking process in order too.
Fantastic..... and well done!
Thanks Emm ,
I guess you saw "the Gem" - i think it may help many newbies , but its from another thread , is it ok to say from which one ?
  • #16,646
  • Dec 5, 2012 10:34pm Dec 5, 2012 10:34pm
Quoting emmanuel7788
Those are not special indicators.
On every trading platform, there is the Fibonacci retracement tool provided.
You need to customise the fibo tool by adding the extensions and retracement levels beyond the High and Low to show those additonal levels 127% , 138% 161%, etc. Then you can label them as what you want to see for easy identification on your charts.

You only need to draw the Weekly fibo levels once at the start of the week.
For daily fibo, you draw a new one every new day start.

You need to decide which day is your start of...
Hi ya Emmanuel..

I'm not sure but do you have the fib extensions set up at the opposite ends of the Fibs also??

Also how does it compare to normal Pivots, is one better than the other or is it just a persons own preference??

Any advice appreciated..

Cheers,
Adrian
Attached Image (click to enlarge)
Click to Enlarge Name: Pivots.png Size: 147 KB
  • #16,647
  • Dec 6, 2012 12:20am Dec 6, 2012 12:20am
Quoting Ramjet
Hi ya Emmanuel..

I'm not sure but do you have the fib extensions set up at the opposite ends of the Fibs also??

Also how does it compare to normal Pivots, is one better than the other or is it just a persons own preference??

Any advice appreciated..

Cheers,
Adrian
Yes, add fibo at both upper and lower. Why do that?

You can use Fibo or Pivots or both. whatever make you trade better. Just use them consistently.
Attached Image (click to enlarge)
Click to Enlarge Name: Fibo Tool add levels .png Size: 100 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,648
  • Dec 6, 2012 12:35am Dec 6, 2012 12:35am
Quoting emmanuel7788
Yes, add fibo at both upper and lower. Why do that?

You can use Fibo or Pivots or both. whatever make you trade better. Just use them consistently.
Hey Emmanuel..

Thanks for the help and advice

Why do that? Is it so as to cover both sides if price goes short or long of the weekly/daily bars..

Thanks again for your help
  • #16,649
  • Dec 6, 2012 12:38am Dec 6, 2012 12:38am
ADR during LO....This is a cake walk...and it keeps happening again and again and again...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5.png Size: 53 KB
Click to Enlarge Name: 6.png Size: 49 KB
Let all the living things live blissfully
  • #16,650
  • Dec 6, 2012 12:41am Dec 6, 2012 12:41am
Quoting loveevery1
ADR during LO....This is a cake walk...and it keeps happening again and again and again...
You just have to take it at the right spot to reduce your exposiure to the market and the risk is also minimal....where do u think you guys would have taken a short entry,,,
Let all the living things live blissfully
  • #16,651
  • Dec 6, 2012 12:45am Dec 6, 2012 12:45am
Quoting Ramjet
Hey Emmanuel..

Thanks for the help and advice

Why do that? Is it so as to cover both sides if price goes short or long of the weekly/daily bars..

Thanks again for your help
that is in case you want to catch the wick burning at the other end....
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,652
  • Dec 6, 2012 12:46am Dec 6, 2012 12:46am
Open your eyes
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 52 KB
Let all the living things live blissfully
  • #16,653
  • Dec 6, 2012 1:03am Dec 6, 2012 1:03am
GU
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 60 KB
Let all the living things live blissfully
  • #16,654
  • Dec 6, 2012 1:05am Dec 6, 2012 1:05am
Quoting loveevery1
ADR during LO....This is a cake walk...and it keeps happening again and again and again...
you are right master, but ADR its diferent on the diferent brokers,for exemple my ADR for today on EJ , with ADR period 30, is ADR higt-108.476 and ADR low- 106.796, I well be glad if you say to me what ADR have u for today?

Thank you.. I am steel learning, and I am feel I am more patient, and have a good results with this greate and simple system.
  • #16,655
  • Dec 6, 2012 1:08am Dec 6, 2012 1:08am
Quoting loveevery1
GU
Yes Brother very important news Osborne was due to deliver Autumn forecast statement that involves Domestic government spending and borrowing levels that can have a significant impact on the economy - increased spending generates work for contractors and creates jobs, while borrowing levels impact the nations credit rating and provide insight into the nation's underlying fiscal position;.
  • #16,656
  • Dec 6, 2012 1:12am Dec 6, 2012 1:12am
Quoting loveevery1
GU
traders are in the shadow....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,657
  • Dec 6, 2012 1:23am Dec 6, 2012 1:23am
Quoting shum
you are right master, but ADR its diferent on the diferent brokers,for exemple my ADR for today on EJ , with ADR period 30, is ADR higt-108.476 and ADR low- 106.796, I well be glad if you say to me what ADR have u for today?

Thank you.. I am steel learning, and I am feel I am more patient, and have a good results with this greate and simple system.
Brother Shum,,,ADR is not a precise entry point....Always remember,,,,to everyone here...Its just a guide as to what the price MIGHT do during the LO,,,,,it is not the EXACT POINT OF ENTRY,,,,ofcourse it varies from broker to broker,,,the overall could be a difference of 10-20 pips max,,,and we dont short or long when a pair reaches its ADR we look for RIGHT places to enter....ITS JUST A GUIDE
Let all the living things live blissfully
  • #16,658
  • Dec 6, 2012 1:24am Dec 6, 2012 1:24am
Quoting newride
Yes Brother very important news Osborne was due to deliver Autumn forecast statement that involves Domestic government spending and borrowing levels that can have a significant impact on the economy - increased spending generates work for contractors and creates jobs, while borrowing levels impact the nations credit rating and provide insight into the nation's underlying fiscal position;.
Quote
=emmanuel7788 traders are in the shadow....

Thanks for the input guys....it just wont move in one direction....lol
Let all the living things live blissfully
  • #16,659
  • Dec 6, 2012 1:33am Dec 6, 2012 1:33am
Quoting loveevery1
Thanks for the input guys....it just wont move in one direction....lol

when it moves, it will so fast that many will fiind difficult to follow:

watch this video:
Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,660
  • Dec 6, 2012 1:36am Dec 6, 2012 1:36am
This is not somthing new what I descovered, but what I see its work for me.
I foundet that the realy EMA 10 from H1, in the m15 tf, its EMA40 and not the 50
its look like this

15m*4= 60m.....10ema(h1) * 4= 40 ema(15m)

15m*16= 240m......10 ema(h4)* 16= 160 ema(15m)

On this case, and thinks, the realy broke of emas 40, and 160, are much earlier!! and its seem to bee the realy broks like in the original tf h1 and h4.
Look to this pictures there are the different between :
40 ema, 50ema

160 ema, 200 ema.

Dont you think guys that when you see the broke of the 40 ema, the candle fixed below ema40, and next candle drop easy down, a simple and the rigt singnal(for me), to open a short position?, In the case with 160 ema, same thinks, and you just let the position run further, coz we have a broke, an the price are below this real ema of h4 tf.
Attached Images
17 traders viewing now