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Another simple system - Time-Frame 15

  • #16,881
  • Edited 6:58pm Dec 9, 2012 6:05pm | Edited 6:58pm
Quoting peetee09
Hi Lovebees!

I think that generally we are focussing just a little too much on the details of the profit and loss!

While the posting of just 'winners' or of 'idealist' trades is not helpful and is actually counter-productive, so may be the focus on 'how much' or how many.

There are now many great contributors to this thread and all add something different. Many provide great insight and experience, the workload is shared, we have a great team! (Even though this post is a general statement I would have to say that even if Gibril NEVER posted...
Check EJ now on 15min about to break 10EMA
Waiting for confirmation.Price must close below 10EMA to be valid short
Patience...
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In trading, you have to be defensive and aggressive at the same time
  • #16,882
  • Dec 9, 2012 6:52pm Dec 9, 2012 6:52pm
[quote=Xhale12;6276791]
Quoting Ciara

It's December 12th already? Lol.

Nice trades as always man.

HAHAH, good remarks..lol..its a valuation date..T+3 i guess..
Posting the whole thing below..
Almost felt like as acting in "Back to the future VI"

Thx mate!

Ciara
Attached Image
Ideas shape the course of history
  • #16,883
  • Dec 9, 2012 6:57pm Dec 9, 2012 6:57pm
EJ

Good one Davit!

I like the price failing the S/R at 106.64 and price below the MAs but for me momentum is quite low. I might prefer to sell a pullback after the initial move down
P

Quoting Davit
Check EJ now on 15min about to break 10EMA
Waiting for confirmation.Price must close below 10EMA to be valid short
According to fractal theory by Bill Williams we got here is UP fractal so be patient
  • #16,884
  • Dec 9, 2012 7:16pm Dec 9, 2012 7:16pm
Quoting peetee09
EJ

Good one Davit!

I like the price failing the S/R at 106.64 and price below the MAs but for me momentum is quite low. I might prefer to sell a pullback after the initial move down
P
True real test is what London will do with Euro pairs.Its at critical level break 29 and we could see 2850 or even lower.What Draghi said about rate cut could fundamentally alter Euro price in general.
In trading, you have to be defensive and aggressive at the same time
  • #16,885
  • Dec 9, 2012 7:55pm Dec 9, 2012 7:55pm
EURJPY 10 Dec:

This is a Basic setup with RN.

Edit: I see a potential support in the region 106.25 to 106.00 which may be re-tested
Do your planning:
Weekly Line chart and Daily Line chart S&R.
Prev W OHLC plus fibo levels
Prev D (Friday 7 Dec) OHLC plus fibo levels.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,886
  • Dec 9, 2012 9:10pm Dec 9, 2012 9:10pm
Spend the whole weekend reading the thread. Sincerely trying to go thru all the posts. Not even completed 150 pages but feel like am learning a lot. Amazing to see so many helping people. Kudos to Arjun. You are a great man with noble intentions. God bless you.
  • #16,887
  • Dec 9, 2012 10:35pm Dec 9, 2012 10:35pm
Quoting winforex
Spend the whole weekend reading the thread. Sincerely trying to go thru all the posts. Not even completed 150 pages but feel like am learning a lot. Amazing to see so many helping people. Kudos to Arjun. You are a great man with noble intentions. God bless you.
It certainly is a mammoth task to try to read all through this thread , whilst at the same time try to keep up with current posts , I am trying to do the same - it's from a great and good man , ably assisted by many more such people ,so good luck , we keep battling on, it will be worth it .
  • #16,888
  • Dec 10, 2012 12:03am Dec 10, 2012 12:03am
Quoting loveevery1
I trade just 2 currencies EU and GU i dont even look at other currency paris.
i have been trading this method for over a yr now.i jumped from one system to another in my initial stage till i got mentored.just focus on one system and one setup first.after u have mastered that setup and practiced it well.it will be a cake walk.trust me all you have to do in this business is to wait wait wait till you master it..it doesnt come overnight..i have spent countless hours of charttime and have read everything i possibly can.

The problem with most of...


That's impressive results, congrats, have you ever considered trading for a fund??
  • #16,889
  • Dec 10, 2012 12:04am Dec 10, 2012 12:04am
I think i need to learn more about OHLC, or logic behind it. Is there a good organized source, that I can read?

As for now I understand that D and W OHLC shows us where bulls/bears drove the price over that period. As a result we see candle, for example, daily bearish marubozu with no wicks or small wicks shows us strong bearish trend. Size of the candle shows me market volatility.
Unfortunately I don't see those marubozu often, but I see other candles... and i have no idea what they mean.

Sometimes I see traders use Week/Day High or Low as support and resistance.

I think there is much more info about it, that I don't know

Am I on the right direction? Please, tell me what I should look for when applying D, W-OHLC to this simple method? I tried to google for it, but I just got confused.


Thank you for your help
  • #16,890
  • Dec 10, 2012 1:26am Dec 10, 2012 1:26am
+36pips EJ short

Will be looking for more EJ shorts once PA bounces up again
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In trading, you have to be defensive and aggressive at the same time
  • #16,891
  • Dec 10, 2012 1:44am Dec 10, 2012 1:44am
Back to trading this week for me. Had a nice week off although was busy with other work.

This whole Gibril thing is really disappointing. I hope he can come on here and clear the air. I have learned so much from that man.

Only trade so far today. EU. Currently at BE, targeting 200ema on daily (may adjust depending on PA). Check hourly for trigger candle (you'll see it).
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What is any ocean but a multitude of drops?
  • #16,892
  • Dec 10, 2012 1:46am Dec 10, 2012 1:46am
Too soon at BE, cuz I'm a chicken :|
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  • #16,893
  • Dec 10, 2012 1:55am Dec 10, 2012 1:55am
Very nice trade Davit!

EY
The bounce came but for me too close to Lndn open, but watching PA closely now on the L O :-)

P

Quoting Davit
+36pips EJ short

Will be looking for more EJ shorts once PA bounces up again
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  • #16,894
  • Dec 10, 2012 2:15am Dec 10, 2012 2:15am
EURJPY pre-LOwhere do you see EJ stopped and bounced off from?anyone?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,895
  • Dec 10, 2012 2:16am Dec 10, 2012 2:16am
Quoting Xhale12
Back to trading this week for me. Had a nice week off although was busy with other work.

This whole Gibril thing is really disappointing. I hope he can come on here and clear the air. I have learned so much from that man.

Only trade so far today. EU. Currently at BE, targeting 200ema on daily (may adjust depending on PA). Check hourly for trigger candle (you'll see it).
EU 1hr
Attached Image (click to enlarge)
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #16,896
  • Dec 10, 2012 2:20am Dec 10, 2012 2:20am
Quoting emmanuel7788
EURJPY pre-LOwhere do you see EJ stopped and bounced off from?anyone?
Here you go
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #16,897
  • Dec 10, 2012 2:23am Dec 10, 2012 2:23am
Quoting emmanuel7788
EURJPY pre-LOwhere do you see EJ stopped and bounced off from?anyone?
PPA? easy to spot on H1.

Newbie answer.
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  • #16,898
  • Dec 10, 2012 2:24am Dec 10, 2012 2:24am
Short EJ.

Overall sentiment bearish (my last nite's posts).
Previous H1 candle closed below H1-10 EMA.
We look for a retest first (retrace back to ema).
Entered short, stop above the RN. 9.8 pips SL.
Target much lower.

Chart and text below.

Ciara
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Ideas shape the course of history
  • #16,899
  • Edited 2:32am Dec 10, 2012 2:26am | Edited 2:32am
Quoting Ciara
Short EJ.

Overall sentiment bearish (my last nite's posts).
Previous H1 candle closed below H1-10 EMA.
We look for a retest first (retrace back to ema).
Entered short, stop above the RN. 9.8 pips SL.
Target much lower.

Chart and text below.

Ciara
Fast train..MOVED Stop to BE.
Ideas shape the course of history
  • #16,900
  • Dec 10, 2012 2:31am Dec 10, 2012 2:31am
Quoting emmanuel7788
EURJPY pre-LOwhere do you see EJ stopped and bounced off from?anyone?
Dear Emmanuel,

my newbie answer is the price bounced on the daily ema10 this morning, and it can't go under the h1 10 ema.
Perhaps we can expect it moves down if it cross the last week low and 106.00 RN just below ?

edit : or we can expect it will retest the daily 10 ema if it can't cross the last week low ?

thanks

Peace
dom
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