Another simple system - Time-Frame 15 | Page 837 | Forex Factory

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Another simple system - Time-Frame 15

  • #16,721
  • Dec 6, 2012 10:04pm Dec 6, 2012 10:04pm
Quoting winforex
After seeing the title of the thread and reading the posts for more than ten hours, i joined the thread with a great hope of learning this simple to follow strategy.
I am a newbee with not much of an experience.

Have been reading the thread and downloaded the indicators.
Not able to make the Yellow line appear on my MT4. I also tried to follow the suggestion to make it yellow but it seems not working for me.
Help is appreciated.

hey mate...click on indicators->colors->in option 2 choose yellow color and click ok,,...you are done
Hi ya Winforex..

Welcome to the thread

This link should sort out your problem http://www.forexfactory.com/showthre...52#post6263452

Cheers,
Adrian
  • #16,722
  • Dec 6, 2012 11:02pm Dec 6, 2012 11:02pm
SHARING IS CARING

Bull Flag example

AUD/USD 15M TF.


We cannot predict the initial impulse – “flag pole” – creates the patern, then retracement follow to complete the bull flag.

This pattern offer an opportunity for LONG when price biunce off 200ema create double bottom.

We expect a “Measured Move” is the estimate which will gives a potential price target, BRN and also the 4HR resistance area.

Stop loss placed 3 pips below last swing (beneath the lower trendline of the flag).


It is simple to identify, only uses price and 10ema (no complex indicators), and the stop-loss along with profit target projections are clear.

Any comment and view are welcome.

Thank You

giBriL
Attached Image (click to enlarge)
Click to Enlarge Name: USDAUD.png Size: 85 KB
  • #16,723
  • Dec 6, 2012 11:05pm Dec 6, 2012 11:05pm
thanks ozobu for the reply,

we are new to this trade but we do try the best...monitor it almost 4 hours..addicted

still continue reading the balance threads...


Quoting ozobU
ramlanne,

looks to me like the longs were taking profits followed by people not wanting to miss out
  • #16,724
  • Dec 6, 2012 11:06pm Dec 6, 2012 11:06pm
NOTED .
Quoting emmanuel7788
Today 7 December 2012

Bulls will make money, ... Bears will make money,
... all others will be slaughtered.

It is a matter about Timing. Unless you know what this means and have mastered the skills, it is better stay on the sidelines today.

The Best Thing to do is Preserve your trading Capital.
  • #16,725
  • Dec 6, 2012 11:11pm Dec 6, 2012 11:11pm
Hello Arjun and all,

I have been trading (demo and live) for last almost two years however yet to be profitable. I have killed one live account although it was very small but the loss was psychologically a huge confidence shaker.

I wanted to enroll myself on this thread and hope to get some help in getting me on the right track.

Thanks in advance

Khurram
.
  • #16,726
  • Dec 6, 2012 11:22pm Dec 6, 2012 11:22pm
I am reading a lot lately and came upon this.
"95% of the time, Price will close either above or below the opening price. Less than 5% of the time, Price will close at its opening price."
Traders who argue that markets are random or markets change over time are missing crucial fact above.
Difference of a losing trader versus successful trader using the same method or system is discipline of execution.
Number 1 enemy of trader is his/her greed
Overcome this impulse and you will be golden.

My goal for Dec and 2013.Stay disciplined and check the greed impulse.
happy trading
In trading, you have to be defensive and aggressive at the same time
  • #16,727
  • Dec 6, 2012 11:37pm Dec 6, 2012 11:37pm
Quoting Khurr@m
Hello Arjun and all,

I have been trading (demo and live) for last almost two years however yet to be profitable. I have killed one live account although it was very small but the loss was psychologically a huge confidence shaker.

I wanted to enroll myself on this thread and hope to get some help in getting me on the right track.

Thanks in advance

Khurram
Hi Khurram
Nice name sounds Persian.Trading is simple and complex at the same time.Simple because of price either goes up or down or sideways complex becouse you are the driver and you must overcome your demons.
What are some of the demons.
Not being disciplined to wait for right set ups
developing bad trigger happy fingers (lets press buy/sell anything that moves)
Greed
overconfidence
arrogance
lack of respect for market volatility
You see all these factors have nothing to do with actual trading but everything to do with personal psychology.

Best thing you can do is stay disciplined and only execute trades that fit the system.If you find none then don't trade!Wait for right set ups.
System is rather simple.What is difficult is you.Consciously work on your psychology.Right down why you blew your account and put it in the frame and hang it in front of you always.
Just about everyone blew an account and I think that is normal.Don't beat yourself and don't be lazy.Study yourself and study the market.You will be fine.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #16,728
  • Dec 7, 2012 1:06am Dec 7, 2012 1:06am
This is a very interesting video everyone should watch. A member on here named CrucialPoint posted it.

Inserted Video
What is any ocean but a multitude of drops?
  • #16,729
  • Dec 7, 2012 2:34am Dec 7, 2012 2:34am
EURAUD
Pips:+28, manual close, price see reject Weekly Pivot S/R.
Setup : 4HR, entry 15M.
Please help me correct if me wrong
Thanks All Teachers.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: euraud0121207-4hrgif.gif Size: 29 KB
  • #16,730
  • Dec 7, 2012 2:35am Dec 7, 2012 2:35am
Hello all!

My today's losing trade..
Wish you to be more lucky than me today )
Have a nice friday!
Attached Image (click to enlarge)
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Let's go with the flow
  • #16,731
  • Dec 7, 2012 2:53am Dec 7, 2012 2:53am
Three trades today.
1)GA short, quick scalp 10 pips off the 10 EMA till support line (M5, will not post here)
2) GJ short (chart below)..Daily candle was still above 10 EMA..was waiting for support break first. Target was Miss 800 EMA. TP hit. Good for 30.
3) EG short; still open, SL was initially 6 pips, moved to BE, target 70 pips lower @next BRN.
Setup: daily cadle close GU was above the 10 EMA (kinda bullish still) amd daily candle close WEU was BELOW 10 EMA. Expecting this pair to lose value. Free ride, time for pushups and vitamines, lol.

Ciara
Attached Image (click to enlarge)
Click to Enlarge Name: 20121207GJEG.png Size: 103 KB
Ideas shape the course of history
  • #16,732
  • Dec 7, 2012 2:58am Dec 7, 2012 2:58am
Quoting vntrading
EURAUD
Pips:+28, manual close, price see reject Weekly Pivot S/R.
Setup : 4HR, entry 15M.
Please help me correct if me wrong
Thanks All Teachers.
I like your trade, thank you for sharing.
Find your edge, make your system, stick to it.
  • #16,733
  • Dec 7, 2012 3:42am Dec 7, 2012 3:42am
Quoting Ciara
Three trades today.
1)GA short, quick scalp 10 pips off the 10 EMA till support line (M5, will not post here)
2) GJ short (chart below)..Daily candle was still above 10 EMA..was waiting for support break first. Target was Miss 800 EMA. TP hit. Good for 30.
3) EG short; still open, SL was initially 6 pips, moved to BE, target 70 pips lower @next BRN.
Setup: daily cadle close GU was above the 10 EMA (kinda bullish still) amd daily candle close WEU was BELOW 10 EMA. Expecting this pair to lose value. Free ride, time for pushups and vitamines, lol....
EG trade finished on that bounce. Chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: 20121207EG.png Size: 29 KB
Ideas shape the course of history
  • #16,734
  • Dec 7, 2012 3:45am Dec 7, 2012 3:45am
Hello Folks...Hope you guys for making pips today...I can see these posts going down since the day i introduced the entry and exits....lol

I caught you folks lol

Anyway all for good and Tsunami warning has been given to Japan following a 7.5 magnitude earth quake....Trade well and take care.Watch out for yen pairs....
Let all the living things live blissfully
  • #16,735
  • Dec 7, 2012 3:54am Dec 7, 2012 3:54am
Quoting vntrading
EURAUD
Pips:+28, manual close, price see reject Weekly Pivot S/R.
Setup : 4HR, entry 15M.
Please help me correct if me wrong
Thanks All Teachers.
Brothers Vntrading/Davit/Gibril....Could you please post your entries and exits plz..Sorry to be a pain...I apologise.lol
Let all the living things live blissfully
  • #16,736
  • Dec 7, 2012 4:15am Dec 7, 2012 4:15am
Quoting loveevery1
Brothers Vntrading/Davit/Gibril....Could you please post your entries and exits plz..Sorry to be a pain...I apologise.lol
Hi Arjun!
I did post my chart with arrows showing Entries and Exits.I believe chart are useful because they confirm that we take trades according to system.
Having said that here are few of my recent trades
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 20 KB
In trading, you have to be defensive and aggressive at the same time
  • #16,737
  • Dec 7, 2012 4:17am Dec 7, 2012 4:17am
Hello everyone,
I am Still somewhat unclear about the ADR Marker indicator. Could someone (preferably our esteemed gurus) answer (very briefly) this:
1. are the ATRPeriod settings the same for all timeframes (i.e. 14, 7, whatever).
2. if not, what settings are you using for different timeframes (15m 1h, 4h etc.)

Thank you very much.
  • #16,738
  • Dec 7, 2012 4:30am Dec 7, 2012 4:30am
Quoting MidnightRun
Hello everyone,
I am Still somewhat unclear about the ADR Marker indicator. Could someone (preferably our esteemed gurus) answer (very briefly) this:
1. are the ATRPeriod settings the same for all timeframes (i.e. 14, 7, whatever).
2. if not, what settings are you using for different timeframes (15m 1h, 4h etc.)

Thank you very much.
ATR does not change based on TF but it can change if your period is large and you are looking at monthly.
I use 14period because two weeks of data is enough to illustrate average range.Anything more and you will have more smoothed out ATR which could be off in recent terms.
To me 14 period is more then enough data to see where price fluctuates.
Keep in mind that ADR by itself is just a data and you should utilize that data in conjunction with basic system set up mainly where price is in relation to 10EMA and 200EMA and what direction is the trend.
In trading, you have to be defensive and aggressive at the same time
  • #16,739
  • Dec 7, 2012 4:37am Dec 7, 2012 4:37am
Quoting loveevery1
Brothers Vntrading/Davit/Gibril....Could you please post your entries and exits plz..Sorry to be a pain...I apologise.lol
Yes, but actually i dont kown what tool using capture my screen, this is my cut from paint tool.
I try search a tool to capture it easy.
Thanks MAster.
  • #16,740
  • Dec 7, 2012 4:38am Dec 7, 2012 4:38am
Quoting vntrading
Yes, but actually i dont kown what tool using capture my screen, this is my cut from paint tool.
I try search a tool to capture it easy.
Thanks MAster.
Edit: picture upload
Attached Image (click to enlarge)
Click to Enlarge Name: euraud0121207-entry.jpg Size: 263 KB
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