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Attachments: Another simple system - Time-Frame 15
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Another simple system - Time-Frame 15

  • #17,401
  • Dec 13, 2012 3:14am Dec 13, 2012 3:14am
Quoting emmanuel7788
Time out!

Watch video and listen to the words.

http://www.youtube.com/watch?v=JdNwa...layer_embedded

Silence is Golden.
I like it. Thanks.
Accept as it is being!
  • #17,402
  • Dec 13, 2012 3:24am Dec 13, 2012 3:24am
I did not place enough emphasis on this level this morning, 1.31 is the shoulders level highs from Oct's head and shoulders pattern. So a reaction should clearly happen at these levels.

The 15 min chart is the reaction on 23 Oct, we can clearly see this mornings pa so far nowhere near.

So waiting for return to trend and hopefully the fall will not be much more.
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  • #17,403
  • Dec 13, 2012 3:29am Dec 13, 2012 3:29am
Hi all,

I took this EJ CT
+37

I know that, as a newbie, it's better for me not to take CT, but I couldn't resist...
sorry for that, i don't want to confuse anyone, because i know classic setup is less risky

I need your help for something :
in this type of trade (counter trend) i don't know here to place my TP...
can i have your advices please ?

Thanks !

Peace
dom
Attached Image(s) (click to enlarge)
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  • #17,404
  • Dec 13, 2012 3:29am Dec 13, 2012 3:29am
Quoting 99problems
To all newcomers: welcome to a place full of love! you are very welcome here.

our dearest brother once posted this chart.

what can you think of when you see this chart? take some time to think about it.

peace and love
steph

Hi 99 problems or others, would you mind to teach me the lesson on this picture from your quoted post?
I figured out this picture long time ago, but my brain can not solve the sign on this picture. Thanks in advance.


PS :
To Loveevery1 if you read this :
It is so correct about what you said that if man die, he will only bring his good and bad deed with him and not even a single penny from this world will be brought. So, consider, you have left your good things here, and I wish you and your family very well for your entire life. Thank you for opening this thread, may God bless you and your family Thank you so much!
Attached Image
  • #17,405
  • Dec 13, 2012 3:42am Dec 13, 2012 3:42am
Quoting BorisViven
Hi all,

I took this EJ CT
+37

I know that, as a newbie, it's better for me not to take CT, but I couldn't resist...
sorry for that, i don't want to confuse anyone, because i know classic setup is less risky

I need your help for something :
in this type of trade (counter trend) i don't know here to place my TP...
can i have your advices please ?

Thanks !

Peace
dom
Having passed through the RN you have W R2 at 108.73 and the Asian session lows just below at 108.60. Seems like a good place to exit, great CT trade.
  • #17,406
  • Dec 13, 2012 3:45am Dec 13, 2012 3:45am
Quoting Vantage
Having passed through the RN you have W R2 at 108.73 and the Asian session lows just below at 108.60. Seems like a good place to exit, great CT trade.
Thanks a lot brother Vantage !
lesson learned

peace
dom
  • #17,407
  • Edited 4:09am Dec 13, 2012 3:52am | Edited 4:09am
Quoting BorisViven
Hi all,

I took this EJ CT
+37

I know that, as a newbie, it's better for me not to take CT, but I couldn't resist...
sorry for that, i don't want to confuse anyone, because i know classic setup is less risky

I need your help for something :
in this type of trade (counter trend) i don't know here to place my TP...
can i have your advices please ?

Thanks !

Peace
dom
I usually always target RN's for my TP areas. Although a lot of it also has to do with the momentum of the pair and previous support/resistance areas. Had I been in that trade I would have had my TP set at 1.30500 although that's just my preference. Very nice trade Boris

My entry wasn't nearly as good

Edit- Just saw you traded EJ. Sorry haha. I like your exit. I would have taken profit in the same support area.
Attached Image (click to enlarge)
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What is any ocean but a multitude of drops?
  • #17,408
  • Dec 13, 2012 4:01am Dec 13, 2012 4:01am
My EJ CT. Took it after pin bar rejection of 50ema and RN. +~22

Not as good of an entry as Boris'. Missed TP of 30 by a pip or so because of spread so I closed it manually on retrace.
Attached Image (click to enlarge)
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  • #17,409
  • Dec 13, 2012 4:04am Dec 13, 2012 4:04am
Dear Lovebees,

if you are willing to learn then don't pay attention to the noise makers. they try to absorb your energy and drag you down to their level and beat you with experience.

attached are EU and EJ. if you are willing to learn please share your htf analysis of these trades.

don't believe the noisy people and NEVER PAY FOR ANY FOREX SERVICES OR TO LEARN FOREX.



EU

Attached Image (click to enlarge)
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EJ

Attached Image (click to enlarge)
Click to Enlarge Name: EJ TRANSPARENCY.png Size: 27 KB
  • #17,410
  • Dec 13, 2012 4:11am Dec 13, 2012 4:11am
Quoting 99problems
Dear Lovebees,

if you are willing to learn then don't pay attention to the noise makers. they try to absorb your energy and drag you down to their level and beat you with experience.

attached are EU and EJ. if you are willing to learn please share your htf analysis of these trades.

don't believe the noisy people and NEVER PAY FOR ANY FOREX SERVICES OR TO LEARN FOREX.



EU

Attachment




EJ

Attachment
dear I also shorted euro at 1.3070 looking at H4 inside bars and pullback on H1. and i am target price below RN and planning to add more if it breaks below RN. Whats your view on this.
regards
  • #17,411
  • Dec 13, 2012 4:16am Dec 13, 2012 4:16am
Quoting Vantage
Having passed through the RN you have W R2 at 108.73 and the Asian session lows just below at 108.60. Seems like a good place to exit, great CT trade.
Vantage we may have already seen the move on the inverse H&S. If you look at the 4hour you'll see what I mean. The right shoulder formed on the 26th through the 29th and then we broke the neckline from there and had a 100 pip rally. The daily could still play out.... just something to consider.
What is any ocean but a multitude of drops?
  • #17,412
  • Dec 13, 2012 4:17am Dec 13, 2012 4:17am
Quoting BorisViven
Hi all,

I took this EJ CT
+37

I know that, as a newbie, it's better for me not to take CT, but I couldn't resist...
sorry for that, i don't want to confuse anyone, because i know classic setup is less risky

I need your help for something :
in this type of trade (counter trend) i don't know here to place my TP...
can i have your advices please ?

Thanks !

Peace
dom
Hi BorisViven. Nice trade
I'm newbie it's not a advice or something just want to share my view. Yesterday high+RN below, so it was s good idea to place TP there
But later was much better oppotunity. Broken LH, nice slope of 10ema, Pin, stop protected with fib/RN... easy 2R/3R
Attached Image (click to enlarge)
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  • #17,413
  • Dec 13, 2012 4:22am Dec 13, 2012 4:22am
Dont like CT at all not my style but well done to u all that have made pips

I remember read that if price doesnt bounce off 200ema and stay around the 200ema it will break so gonna try this with the GBP

wish me luck....
  • #17,414
  • Dec 13, 2012 4:22am Dec 13, 2012 4:22am
Quoting newride
dear I also shorted euro at 1.3070 looking at H4 inside bars and pullback on H1. and i am target price below RN and planning to add more if it breaks below RN. Whats your view on this.
regards
We have had 3 strong days up so pullback at some stage must happen. 14 day ATR 76 so a 100 pip plus fall from 1.31, as you suggest a move below RN, means change of direction and not just a pullback.

No-one knows if you'll be right, so it comes down to your trade plan and exit strategy if trade does not go as expected. If you got to +70 i.e. 1.30 and reversed up what would you do? Just thinking that out loud.
  • #17,415
  • Dec 13, 2012 4:23am Dec 13, 2012 4:23am
Quoting 99problems
Dear Lovebees,

if you are willing to learn then don't pay attention to the noise makers. they try to absorb your energy and drag you down to their level and beat you with experience.

attached are EU and EJ. if you are willing to learn please share your htf analysis of these trades.

don't believe the noisy people and NEVER PAY FOR ANY FOREX SERVICES OR TO LEARN FOREX.
Congrats, nice trades. I am still afraid to take CTs. Could you please tell your reasons to take this trades? I am following this thread a long, long time but I did not find or cannot remember the basic rules for a CT. I don't know whre to stick at and I'm always unshure whether I schould try a CT or not - no good situation to go into a trade...
  • #17,416
  • Dec 13, 2012 4:35am Dec 13, 2012 4:35am
Quoting 1truth
Congrats, nice trades. I am still afraid to take CTs. Could you please tell your reasons to take this trades? I am following this thread a long, long time but I did not find or cannot remember the basic rules for a CT. I don't know whre to stick at and I'm always unshure whether I schould try a CT or not - no good situation to go into a trade...
Now you start to see all the "dear brothers" who claimed to have left coming back with a new name. See, they never left.
No longer trading forex. Looking for full time job.
  • #17,417
  • Dec 13, 2012 4:36am Dec 13, 2012 4:36am
Quoting BorisViven
Hi all,

I took this EJ CT
+37

I know that, as a newbie, it's better for me not to take CT, but I couldn't resist...
sorry for that, i don't want to confuse anyone, because i know classic setup is less risky

I need your help for something :
in this type of trade (counter trend) i don't know here to place my TP...
can i have your advices please ?

Thanks !


Peace
dom
http://www.forexfactory.com/attachme...1&d=1355390931


Hi Boris,

let the market decide your TP.

I recommend trade managment using R-Multiple method.

Since you know the ADR (30 days) is about 95 pips, assuming the last swing high is the day's high, there is room down.

See example:

I assume your entry and the initial SL above the last swing high.

Hope this is helpful for learning.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 13 Dec Trade management example 13-12-2012 6-25-26 PM.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,418
  • Dec 13, 2012 4:40am Dec 13, 2012 4:40am
Quoting 1truth
Congrats, nice trades. I am still afraid to take CTs. Could you please tell your reasons to take this trades? I am following this thread a long, long time but I did not find or cannot remember the basic rules for a CT. I don't know whre to stick at and I'm always unshure whether I schould try a CT or not - no good situation to go into a trade...
CT each to his own but I find having a confluence of proven support and resistance levels, W pivots, divergence on higher TF's (1hr and up) and price proving for some time that it does not want to follow through to be of assistance.

Thats in addition to whatever normal trade rules you may have (for me dble tops/lower highs, dble btms/higher lows or 2b's at the key level. Engulfing closes.) etc etc.
  • #17,419
  • Dec 13, 2012 4:47am Dec 13, 2012 4:47am
Quoting Vantage
We have had 3 strong days up so pullback at some stage must happen. 14 day ATR 76 so a 100 pip plus fall from 1.31, as you suggest a move below RN, means change of direction and not just a pullback.

No-one knows if you'll be right, so it comes down to your trade plan and exit strategy if trade does not go as expected. If you got to +70 i.e. 1.30 and reversed up what would you do? Just thinking that out loud.

Dear What you are saying is completely right and i could be wrong. I am not predicting any thing. i am just asking from seniors looking at the H4 chart could this be possibility following PPA and the candles.?

My tp is 23.6 Fib which is around 1.3020 and st is at BE.

Suggestions please.
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  • #17,420
  • Dec 13, 2012 4:49am Dec 13, 2012 4:49am
Best trade I've made all year...
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What is any ocean but a multitude of drops?
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