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Another simple system - Time-Frame 15

  • #17,661
  • Dec 14, 2012 10:58am Dec 14, 2012 10:58am
Price consolidating around 3165 EU and 6175 GU
Next breakout could go either way.We could see further up move if fiscal budget issues in Washington don't get solved.
Lets practice listening the market instead of ourselves.
In trading, you have to be defensive and aggressive at the same time
  • #17,662
  • Dec 14, 2012 11:02am Dec 14, 2012 11:02am
have a good weekend everyone, take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,663
  • Dec 14, 2012 11:02am Dec 14, 2012 11:02am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Quoting ronaleo10
Bro ..i would say that you got lucky there ...there was clear strength on background . Look at previous couple of candles there and also see the higher time frame....

Buyer were coming in at that point.
its enticing when we see this candle on 10 ema ..( But always ask your self before taking trade that whats really going on NOW )
yes, you are right, i looked 1H and was below 10ema, and also knew that was a CT trade, but i dont know the reason its easiest for me to take these trades and not to follow the trend. i should have taken next canddle that touche the 200ema and adr and was supported by trendline.
thank for you coment.
Attached Image
  • #17,664
  • Dec 14, 2012 12:09pm Dec 14, 2012 12:09pm
Quoting aryary
hi mate,

Yeah without TDI, just PA
thanks aryary,

i got to read more post i guess....now abt 300 threads ..still reading it.

till now i thouhgt the TDI indicator is a must , maybe for the newbie on this threads ... i know that's A lagging indicator , PA is real time.

thanks again.

trade well...
  • #17,665
  • Dec 14, 2012 12:11pm Dec 14, 2012 12:11pm
Quoting ramlanne
thanks aryary,

i got to read more post i guess....now abt 300 threads ..still reading it.

till now i thouhgt the TDI indicator is a must , maybe for the newbie on this threads ... i know that's A lagging indicator , PA is real time.

thanks again.

trade well...
pa alone gives out a lot of fakies. pa plus lagging indies do increase the odds of winning.
  • #17,666
  • Dec 14, 2012 12:14pm Dec 14, 2012 12:14pm
Quoting lowweiting
any one can help me this one??

Fail trade...

my entry was too early?? price go down again and retest 200EMA than bounce off to hit ADR high...
yes, it's too early.
  • #17,667
  • Dec 14, 2012 12:28pm Dec 14, 2012 12:28pm
Quoting lehin
Since I started reading this thread I've learned a LOT but I'm still new to forex. Now I need help from seniors. Should I even look at Pat, Assange posts again? Do they have info for newcomer like me? Emmanuel, Vantage, Pip26, aryary

I do my own analyze, but some of you guys helped me to increase my learning curve a lot.

Привет orko_555!...
emmanuel's posts are worth a read.
  • #17,668
  • Dec 14, 2012 1:53pm Dec 14, 2012 1:53pm
[quote=lowweiting;6295639]any one can help me this one??

Fail trade...

my entry was too early?? price go down again and retest 200EMA than bounce off to hit ADR high...[/quote

ok , i might be wrong but take a look on the slope of 10 ema, it seems flat on 15mnTF ,even on 1 HTF . Also try to add TDI and take a look , the TDI was under MBL and 50. TDI is a lagging indicator but as pkymnic said ,price action alone can bring a lot fakies.PA + TDI IS VERY GOOD to make a decision and to see a divergence
Hope this can help a little. Criticism is welcom.
  • #17,669
  • Dec 14, 2012 4:55pm Dec 14, 2012 4:55pm
[quote=jeank;6296638]
Quoting lowweiting
any one can help me this one??

Fail trade...

my entry was too early?? price go down again and retest 200EMA than bounce off to hit ADR high...[/quote

ok , i might be wrong but take a look on the slope of 10 ema, it seems flat on 15mnTF ,even on 1 HTF . Also try to add TDI and take a look , the TDI was under MBL and 50. TDI is a lagging indicator but as pkymnic said ,price action alone can bring a lot fakies.PA + TDI IS VERY GOOD to make a decision and to see a divergence
Hope this can help a little. Criticism...
All indies lag, but that does not mean its useless. It provides valuable information that price alone cant, and it's not just for divergences. When used right, it will often get you to stay on the right side of trades.

In regards to the early entry subject, besides tdi measure at the particular time of entry, the order took place during Asia.
  • #17,670
  • Dec 14, 2012 5:11pm Dec 14, 2012 5:11pm
Quoting pkimnyc
emmanuel's posts are worth a read.
Ha, ha, ha, I LIKE this for my big ego.

Thanks pkimnyc.

WARNING to all newbies:

You must read this whole thread and you will find many lessons to learn about trading, about human kindness and also about mutual respect.

To LEARN is easier because to UNLEARN some things will cause you a lot more time besides the pain and money.

Have a Great Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,671
  • Edited Dec 15, 2012 6:14am Dec 14, 2012 7:26pm | Edited Dec 15, 2012 6:14am
Dear newbies,
I would like to share some of my trades on 14/12/2012.

GU H1. Sell after the red arrow (Arjun candle) but this is CT trade. And you see CT trade is not for newbies like me. Result: loss (-21pip).

EJ M15. Trade 1 & 2: sell CT trades. Result: BE lucky. And you see again this kind of CT trades are not for me.
Trade 3: A strong BUOB bounce off 200EMA. Is this Master Arjun's text book trade with the trend of HTF? Result: +41pip.

As Newbies, we must stick to basic setup/bounce off 200EMA for surviving!

Cheers.

PS. Master Arjun, please stay with us! Just ignore the non-sense as we can't avoid them and we must accept them as losing trades in real life.
God Bless you & your family!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 14.12.2012.gif Size: 18 KB
Click to Enlarge Name: ej 14.12.2012.gif Size: 25 KB
Click to Enlarge Name: weekly performance 1.png Size: 51 KB
Accept as it is being!
  • #17,672
  • Dec 15, 2012 12:10am Dec 15, 2012 12:10am
Ok, I have a quick question,

I see a lot of difference between the first post & the current system,

TDI & Haiken ashi are missing on the current system, is there any specific reason for these changes.

griffin
  • #17,673
  • Dec 15, 2012 12:32am Dec 15, 2012 12:32am
[quote=Awakening;6289496]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.
quote]
http://www.forexfactory.com/attachme...1&d=1355390688

How many of you still do not see the LOGIC seen in this chart above? show hand or show sign

You need to see the LOGIC to get into high probability trades or esle you won't get the high win rate.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,674
  • Dec 15, 2012 12:52am Dec 15, 2012 12:52am
I went over the attachments and found some compiled posts by pat chico and asange. Are those also fake trades?
Thoughts are things
  • #17,675
  • Edited 4:54am Dec 15, 2012 12:59am | Edited 4:54am
[quote=emmanuel7788;6297015]
Quoting Awakening
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.
quote]
http://www.forexfactory.com/attachme...1&d=1355390688

How many of you still do not see the LOGIC seen in this chart above? show hand or show sign...

Hi Emmanuel7788 ,

Yes, the real problem for the newbiews is to understand the LOGIC...

And the logic is in every LE1's post!!!

Sometimes all the great things are laying right in front of our "noses" and we can't see it...

Guys, you need to think of those arrows, what they show you (what they mean),,, JUST USE YOUR BRAIN GUYS... how to find out what it means :
1) investigate
2) think
3) understand
4) practice
5) master
6) use (earn)...

that is what you need to do guys...

you won't understand unless you make all above mentioned steps...

it is only that simple guys...

don't guess.... think and try to find out....

Regards,

Roman
  • #17,676
  • Dec 15, 2012 2:43am Dec 15, 2012 2:43am
Quoting loveevery1
god bless my friend...im in the process of creating a super duper method....remember that goose....just today blind entry would have netted around 100-150 pips on different pairs...

I will not start another thread to discuss that.that is only for good souls on invitation...i will invite you my friend...and other true souls here..hang tight

I LOVE SOMEONE WHO LOVES EVERYONE
can anyone tell me where i can get this money maker from and how much.
student
  • #17,677
  • Dec 15, 2012 3:11am Dec 15, 2012 3:11am
Hello everybody,

hope you guys have a nice weekend.

I'd like to share my analysis of EURUSD yesterday move, I know it is always easy to do it after facts. My purpose is to ask all successful senior traders, if they go through such thougt process when they trade, because I wonder if it is really possible to think this way when you trade live....


Kyurem
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_20121214_analysis.jpg Size: 182 KB
  • #17,678
  • Dec 15, 2012 3:50am Dec 15, 2012 3:50am
Quoting garrye
can anyone tell me where i can get this money maker from and how much.

from this thread and for free!!!!!
  • #17,679
  • Dec 15, 2012 4:16am Dec 15, 2012 4:16am
Quoting Quezoy
I went over the attachments and found some compiled posts by pat chico and asange. Are those also fake trades?

Hello Quezoy

Your first post here in this thread. Thanks for your visit here.

I follow Darkwolf' thread title "Price Action and Trading Discussion" and you are an active member there.

With your experience, I am sure you can discern those charts posted in the compilation you mentioned.
Hindsight and backtesting is a one way to see how any technical method work in history. That is only 10%.
The other 90% depends on the trader who trade the technical method in realtime live market.

This should answer your question.

Regards,
Emmanuel
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,680
  • Edited 5:08am Dec 15, 2012 4:31am | Edited 5:08am
Quoting kyurem
Hello everybody,

hope you guys have a nice weekend.

I'd like to share my analysis of EURUSD yesterday move, I know it is always easy to do it after facts. My purpose is to ask all successful senior traders, if they go through such thougt process when they trade, because I wonder if it is really possible to think this way when you trade live....


Kyurem
http://www.forexfactory.com/attachme...1&d=1355569553

Hi kyurem,

Good post and clean charts. I LIKE....

Trading is a skill based activity and the thought process as you mention is very important for traders.

What you posted in your charts is logically in good order. There is logic in your process starting with D to H4 to H1 to M15 and 10EMA is the key.

You are on track so stay focus and not to be derailed along the way.

Learn to read CandleStick (CS) pattern and apply them.

Do the counting ... on M15

1,2,3,4 [Close] 1,2,3,4 [Close], 1,2,3,4 [Close] 1,2,3,4[Close]
1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16 [Close]

Knowing the previous Day Open High Low and Close will help you see more and to get the TIMING right.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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