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Another simple system - Time-Frame 15

  • #17,721
  • Dec 16, 2012 4:38am Dec 16, 2012 4:38am
Quoting emmanuel7788
English Language:

All posts here are done in the English language and English is not the mother tongue of most traders here. Sometimes, due to this, some posts are not correctly understood and create problems for non-English speaking members.
Do you have this problem?

Try answering this question:

How good is your English?
[size=3]What is a word made up of 4 letters yet is also made up of 3. Although is made of 8 letters, and then with 4. Rarely consists of 6 and...

Hi brother Emmanuel, i hope you are well.

Many thanks for flying the flag on this thread. Truley appreciated.

Here is my attempt at solving your puzzle.

4 letters: LOVE

3 letters: LUV

8 letters: ILOVEYOU

6 letters: ILOVEU

Emmanuel, it was fun having a go. Logic behind this is because there is alot of love in this thread and as you mentioned there are many followers that have different levels of understanding the English language.

Its been fun,

Steve
  • #17,722
  • Dec 16, 2012 4:56am Dec 16, 2012 4:56am
Quoting emmanuel7788
English Language:

All posts here are done in the English language and English is not the mother tongue of most traders here. Sometimes, due to this, some posts are not correctly understood and create problems for non-English speaking members.
Do you have this problem?

Try answering this question:

How good is your English?
[size=3]What is a word made up of 4 letters yet is also made up of 3. Although is made of 8 letters, and then with 4. Rarely consists of 6 and...

Hi there Emmanuael.

this is my update to your puzzle.

I still luv u.

I worked it out!!!!! Drum roll please.

The answer is right in front of us.

WHAT is a word made up of 4 letters
YET is also made up of 3.
ALTHOUGH is made up of 8 letters, and
THEN with 4.
RARELY consists of 6 and
NEVER is written with 5.

My wife and I jokingly stated that the clue is probably in front of us.

Thanks again STEVE
  • #17,723
  • Dec 16, 2012 5:00am Dec 16, 2012 5:00am
Quoting emmanuel7788
English Language:

What is a word made up of 4 letters yet is also made up of 3. Although is made of 8 letters, and then with 4. Rarely consists of 6 and never is written with 5.

Answer>
Hi Emmanuel
Attempting to answer in bold above.

Best regards
ITB - Seeing Orderliness amongst 'Randomness'
  • #17,724
  • Dec 16, 2012 5:49am Dec 16, 2012 5:49am
Quoting itrade44
Hi there Emmanuael.

this is my update to your puzzle.

I still luv u.

I worked it out!!!!! Drum roll please.

The answer is right in front of us.

WHAT is a word made up of 4 letters
YET is also made up of 3.
ALTHOUGH is made up of 8 letters, and
THEN with 4.
RARELY consists of 6 and
NEVER is written with 5.

My wife and I jokingly stated that the clue is probably in front of us.

Thanks again STEVE
Steve !!
  • #17,725
  • Dec 16, 2012 6:06am Dec 16, 2012 6:06am
Quoting BorisViven
Steve !!
Thank you BorisViven,

For me it was an exercise about LOGIC and staying Focused, just as master Arjun, Emmanuel and many of our Senior Traders have constently kept repeating to us . To SEE it and Use it.

Stay safe

Steve
  • #17,726
  • Dec 16, 2012 6:29am Dec 16, 2012 6:29am
[quote=emmanuel7788;6298140]
Quoting Surfer
http://www.forexfactory.com/attachme...1&d=1355613531


Hi Surfer,

To tell you the truth, it took me more than 10 hours and many times going back to this 'peacock' charts posted by LE1 to try and understand why he made this chart. My mind was corrupted by my own style of trading and I failed to see the obvious. Like you I was trying to look for missing arrows, wrong arrow position,...
Dear Emmanuel, dear all,

i break my head (sorry for the english) on this chart for more than 1 hour now and i still can't see the logic behind it.
Like you Emmanuel it put all the arrows on my chart, looking at h4, h1 TF etc... still nothing...
The only thing that seems obvious to me, is that for the red arrows we have to look for bull signals for the entire day on LTF (and same thing for yellows arrow = sell signal for the entire day)...
but, like my friend Surfer, I would put more arrows ont the daily chart... but i know Master Arjun put them on the right place...

I continue to search...

Peace
dom
  • #17,727
  • Dec 16, 2012 6:38am Dec 16, 2012 6:38am
“Buy the rumor, sell the fact”

There’s a reason why the saying “Buy the rumor, sell the fact” has been around on Wall Street for over a hundred years. Generally speaking, the reason is because the big players in the markets; the guys who REALLY make the market move, mainly trade based on their expectations of the future, NOT so much on facts that have just been released.

Thus, upcoming economic news releases are almost always factored into the price of a market. If this month’s Non-Farm payrolls report is expected to show that 200,000 jobs were added last month, then traders are currently trading the EXPECTATION of 200,000 new jobs and their beliefs on how THAT EXPECTATION will affect a particular market. Now, unless you are an illegal insider-trader, you won’t have access to the actual jobs number until after it’s released. What’s the point you ask?

Well, in short, the actual economic number is almost totally irrelevant. Why? Well, because by the time the number is released, all the big boys have already traded their beliefs of how the expected number will affect the market. For example, if our 200,000 Non-farm payroll number comes in at exactly 200,000 it could actually make the market go down, because everyone already bought into the market with an expectation of 200,000 jobs or more being a positive sign. So, if the number comes out at 200,000 exactly, no one with any clout is going to want to buy anymore because the number didn’t “surprise to the upside”, as the market analysts like to put it.

I am trying to explain to you guys that trading Forex news releases is essentially the same as gambling your money in the market. You never know how the market is going to react to any particular news release, and you can’t trade based off the logical thinking that “a positive number on the economy will make the market go up and a negative number will make it go down”…because everything is usually factored in by the time the number comes out! That’s why beginning traders and traders who focus too much on news find themselves getting chopped up every time they try to trade the news. In short, it’s a futile game that seems logical on the surface but really is nothing more than a roll of the dice at the casino.




https://fbcdn-sphotos-e-a.akamaihd.n...61974521_n.jpg
  • #17,728
  • Dec 16, 2012 6:48am Dec 16, 2012 6:48am
Crocodiles are good at avoiding risky situations; they learn fast.....

Crocs “…learn quickly and adapt to changes in their situation. They particularly learn to avoid dangerous situations very quickly”, according to the article The Extraordinary Lives of Crocs. The article went on to discuss that this ability of crocs to learn quickly and avoid dangerous or risky situations is yet another reason they’ve outlasted the dinosaurs and are still thriving today. Avoiding risk is one way that a species can survive over time and “win” the evolution battle of the fittest. Similarly, not taking on more risk than is necessary as well as learning quickly are two very important keys to becoming a successful Forex trader.

Some traders don’t learn quickly like crocs do, instead they repeat the same mistakes over and over until they blow out their trading account. Even though we are clearly far more intelligent than crocs, we have a lot more emotions too, and these emotions often cloud a trader’s “gut feel” and cause them to hesitate, second-guess themselves and over-analyze the market. A croc does not second-guess itself…it’s simply such a fine-tuned predator that being patient, disciplined and executing with confidence are in built habits.

As traders, we need to learn from our mistakes, and fast, because money is on the line. Our version of “avoiding risky situations” is not over-trading and not risking too much per trade.

https://fbcdn-sphotos-a-a.akamaihd.n...99258982_n.jpg
  • #17,729
  • Dec 16, 2012 8:31am Dec 16, 2012 8:31am
i am still taging along
  • #17,730
  • Dec 16, 2012 1:36pm Dec 16, 2012 1:36pm
Hi Folks

I don't get to trade much, due to a FT job, but I've followed this thread for sometime as I like the simplicity of the approach.

When I look at LE1's chart what I see is that candles above the 10MA make HH and HL, those below the opposite (LH and LL).

So does this point to key opportunities such that once PA pulls below the previous days opening, we wait for it to return and move higher ?
Possibly waiting for a breach of the previous days close, then pullback and an Arjan candle above the 10 MA??

Just my thought.



[quote=emmanuel7788;6298140]
Quoting Surfer
http://www.forexfactory.com/attachme...1&d=1355613531


Hi Surfer,

To tell you the truth, it took me more than 10 hours and many times going back to this 'peacock' charts posted by LE1 to try and understand why he made this chart. My mind was corrupted by my own style of trading and I failed to see the obvious. Like you I was trying to look for missing arrows, wrong arrow position,...
  • #17,731
  • Dec 16, 2012 5:27pm Dec 16, 2012 5:27pm
Nice way to start the week. EurJpy CT trade. Target hit for 40pips. Whatever goes up must come down. Target their fear!
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 37 KB
  • #17,732
  • Dec 16, 2012 6:25pm Dec 16, 2012 6:25pm
Emmanual

Good brain exercise to start the week! :-)

1 TREE (Three minus one)
2. THOU
3 Is a statement

:-)
P

Quoting emmanuel7788
English Language:

All posts here are done in the English language and English is not the mother tongue of most traders here. Sometimes, due to this, some posts are not correctly understood and create problems for non-English speaking members.
Do you have this problem?

Try answering this question:

How good is your English?
[size=3]What is a word made up of 4 letters yet is also made up of 3. Although is made...
  • #17,733
  • Dec 16, 2012 6:47pm Dec 16, 2012 6:47pm
Quoting jordfx
Nice way to start the week. EurJpy CT trade. Target hit for 40pips. Whatever goes up must come down. Target their fear!

That is GAP trading. Nice!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,734
  • Dec 16, 2012 6:51pm Dec 16, 2012 6:51pm
Trader's Competence:

Is trading very difficult for you?

Do you have the competence to be a trader?

Ponder over this:

Unconscious Incompetence:

You do not know what you do not know.


Conscious Incompetence:

You know that you do not know.

to be cont'd.../-
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,735
  • Dec 16, 2012 7:04pm Dec 16, 2012 7:04pm
[quote=stevepatt;6298166]
Quoting emmanuel7788

Hi Emmanuel,

As far as I can see we want to be looking at the previous days candle, was it an inside candle, outside candle, pin bar...... how did it open? how did it close? How it reacts to the EMAs, where's the support and resistance.

This might not be the logic of the "Peacock Fan" but that's my logic.

If this isn't correct can I be corrected in plain English with no riddles please, I'm sure there are a lot of others who are looking for the definitive logic of this chart.

Cheers

Steve
Hi Steve,

You got some Price Action stuff in place.
I promise you I won't be using riddles on this one going forward.
Trading is a skill based activity
Traders are compared to professional like medical doctors, surgeons, dentists, lawyers, etc.
Training will take time and requires a structure to follow.
Learning a technical trading method is the easier part and that is just the tip of the iceberg.
We don't see tha rest of it submerged in water. This is the real hard stuff which sank the Titanic.

The answer won't come in just one post. It will be done gradually over time.

Stay tuned!
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,736
  • Dec 16, 2012 7:08pm Dec 16, 2012 7:08pm
Quoting jordfx
Nice way to start the week. EurJpy CT trade. Target hit for 40pips. Whatever goes up must come down. Target their fear!
Nice now

Emmanuel Exercise
My england is not very good lah.

Thee (4 letters)
The (3 letters)
  • #17,737
  • Dec 16, 2012 7:10pm Dec 16, 2012 7:10pm
Quoting itrade44
Hi there Emmanuael.

this is my update to your puzzle.

I still luv u.

I worked it out!!!!! Drum roll please.

The answer is right in front of us.

WHAT is a word made up of 4 letters
YET is also made up of 3.
ALTHOUGH is made up of 8 letters, and
THEN with 4.
RARELY consists of 6 and
NEVER is written with 5.

My wife and I jokingly stated that the clue is probably in front of us.

Thanks again STEVE
Hi Steve,

You and your wife will make a great trading team. Fours eyes see better.

It is exacty what it means. Everything we need to make a trade decision in on the charts. But newbie traders are always trying to look for things which are not there. ... like your LOVE LUV ILOVEYOU ILOVEU etc. all good fantasy.

Trading is simple but not easy.

Thanks for sharing your only correct answer.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,738
  • Dec 16, 2012 7:27pm Dec 16, 2012 7:27pm
Quoting emmanuel7788
Hi Steve,

You and your wife will make a great trading team. Fours eyes see better.

It is exacty what it means. Everything we need to make a trade decision in on the charts. But newbie traders are always trying to look for things which are not there. ... like your LOVE LUV ILOVEYOU ILOVEU etc. all good fantasy.

Trading is simple but not easy.

Thanks for sharing your only correct answer.

Regards,
Hi Emmanual
Hope do I have? On the serious side. I didn't do so well in English and maths.
I struggle Arjun riddles. Not that I can't think. I just don't know how to think in riddle ways.
Hence I struggle with Crosswords but Sudoku I solve up to difficult level.
As you always quoted (and I also learnt from school)
Tell me I'll forget
Show me I may remember
Involvement me, I'll understand.

fxD.
  • #17,739
  • Dec 16, 2012 7:39pm Dec 16, 2012 7:39pm
Remembers these posters in 90s?
Do you see anything?
I know the answers. (I guess I am more visual)
Attached Image
  • #17,740
  • Dec 16, 2012 7:51pm Dec 16, 2012 7:51pm
Quoting fxdivergence
Hi Emmanual
Hope do I have? On the serious side. I didn't do so well in English and maths.
I struggle Arjun riddles. Not that I can't think. I just don't know how to think in riddle ways.
Hence I struggle with Crosswords but Sudoku I solve up to difficult level.
As you always quoted (and I also learnt from school)
Tell me I'll forget
Show me I may remember
Involvement me, I'll understand.

fxD.

Hi fxD,

You are in a transition phase between Conscious Incompetence to the next higher phase ....
This is a very good sign.

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