Another simple system - Time-Frame 15 | Page 894 | Forex Factory

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Another simple system - Time-Frame 15

  • #17,861
  • Dec 18, 2012 10:13am Dec 18, 2012 10:13am
GU hit. didnt let enough room to breathe.

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  • #17,862
  • Dec 18, 2012 10:16am Dec 18, 2012 10:16am
EU..

4H - PopGUn (highlighted)???

1H - 4H Price above 10EMA and 1H price was rejected from 10EMA

15M - looking for entry...( not a nice entry with big stop lose ) ...

maybe should wait after green arrow candle close???
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  • #17,863
  • Dec 18, 2012 10:31am Dec 18, 2012 10:31am
Quoting lowweiting
EU..

4H - PopGUn (highlighted)???

1H - 4H Price above 10EMA and 1H price was rejected from 10EMA

15M - looking for entry...( not a nice entry with big stop lose ) ...

maybe should wait after green arrow candle close???
very nice trade.
  • #17,864
  • Dec 18, 2012 10:31am Dec 18, 2012 10:31am
Quoting BorisViven
Hi Steve,

I already told you that i like your clean charts and explanations... I find your entries very safe thanks for that.
I need your help to tell me if i understand correctly.

I have attached a EU 15min chart of the day of thursday 13th dec.
If i am correct, according to your rules, you don't take any trade this day...

Thanks a lot for your answer !

Peace
Dom
Hi Dom,

I did actually take that set up as this post explains http://www.forexfactory.com/showthre...64#post6291164 the reason for taking it was that I could TP without having to break the HH.


I hope the two charts explains what I was seeing at the time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 13th Dec EU 1H Chart 2.jpg Size: 90 KB
Click to Enlarge Name: 13th Dec EU 15m Chart 3.jpg Size: 124 KB
  • #17,865
  • Dec 18, 2012 10:38am Dec 18, 2012 10:38am
Quoting pkimnyc
very nice trade.

thk for reply...

can i ask 1 stupid question...

why my RN dint show on chart after 1.31500???

can Pkimnyc help me ??
  • #17,866
  • Dec 18, 2012 10:41am Dec 18, 2012 10:41am
Quoting mavrix
fxrobinhood What is your overall impression of Ctrader. I'm doing a demo but I really like my Stealth Trade Manager for MT4 Anything like that in CTrader?
I sat and watched that EU and AU trade since I missed a good entry
Merry Xmas to you as well
Kent

Dear mavrix

Sorry, I don't know much about it. I just started using it this week. It seems very fast and easy to work with but I couldn't add any custom indicators.
  • #17,867
  • Dec 18, 2012 10:42am Dec 18, 2012 10:42am
Quoting lowweiting
thk for reply...

can i ask 1 stupid question...

why my RN dint show on chart after 1.31500???

can Pkimnyc help me ??
?

you know the rn at 1.3150. not sure if you are refering to the idicator that shows the rn, but no need for that.
missed the london trade, but ny,... price consolidating at the top of the range was begging for a breakout to north end.

was going to post before, but decided not to. i'm glad to see someone was paying attention to what was going on at ny though.
  • #17,868
  • Dec 18, 2012 11:12am Dec 18, 2012 11:12am
Both trades hit sl.
GU It missed Tp for 2 pips and reversed hit SL as I had moved to +2 pips. Not enough rooms to breathe. GU finally continued to ADR high, I had been waiting for it all day but missed it a couple of times. bad entries and choppy market took my SLs.

AU It went up 15 pips and then reversed. Luckily just managed to take 4 pips.

Really don't know how to manage this type of market.

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  • #17,869
  • Dec 18, 2012 11:17am Dec 18, 2012 11:17am
Quoting fxrobinhhood
Really don't know how to manage this type of market.

Attachment
it takes time.
  • #17,870
  • Dec 18, 2012 11:35am Dec 18, 2012 11:35am
[quote=emmanuel7788;6298126]
Quoting rorieu
Hi emmanuel

To be honest I NEVER understood what that 'peacock' picture was about . I asked but got the usual riddles and questions instead of straight answers. Perhaps you could explain it for me please?
If it's still a secret you could PM me!

Looking forward to the revelations

rorieu

http://www.forexfactory.com/attachme...1&d=1355331180

Hi rorieu

There is no secret in that...
Hi Emmanuel,

Please count me in, please help the people whom have not brain like you!
  • #17,871
  • Dec 18, 2012 11:36am Dec 18, 2012 11:36am
Quoting pkimnyc
it takes time.
Thanks for your reply.

In this particualar tardes, do you think I had a wrong entry or I shouldn't have moved the SL?

Sometimes it seems really safe to protect the money by moving to BE. At least I don't lose. But sometimes it is taken out. Then as an impatient tarder, I make rentries which cause to give more pips.

I have read the first 300 pages and read 100 pages a couple of times but I still can't find the problem.

I appreciate sharing your sophisticated view.
  • #17,872
  • Dec 18, 2012 11:40am Dec 18, 2012 11:40am
My broker doesn't provide trailing stops for my mt4, nor I have an option to take partial profits. I think a lot of you using some EAs, that help you to move your stops to BE, take partial profits... I don't know what else you can do with EA, but I'd like to learn one expert adviser and use it for mentioned above reasons.
As newbie, what EA should I try? I see a lot of them there. Advise from experienced trader will be always appreciated.

Thank you!
  • #17,873
  • Dec 18, 2012 11:42am Dec 18, 2012 11:42am
Can somebody help me how can we ignore some trade I point out?

Thanks mate,
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  • #17,874
  • Edited 11:58am Dec 18, 2012 11:43am | Edited 11:58am
Quoting fxrobinhhood
Thanks for your reply.

In this particualar tardes, do you think I had a wrong entry or I shouldn't have moved the SL?

Sometimes it seems really safe to protect the money by moving to BE. At least I don't lose. But sometimes it is taken out. Then as an impatient tarder, I make rentries which cause to give more pips.

I have read the first 300 pages and read 100 pages a couple of times but I still can't find the problem.

I appreciate sharing your sophisticated view.
i don't particularly agree with exiting 10 pips profit using 10 pips sl. as mentioned before, in my case, reward should be 3x or more to consider a trade.

ex. geppy long trade 3 weeks ago. initial sl 20 pips risk. took a partial tp today at 540 pips (270 pips). now i can just leave the trade to hit my final target at 200 and then some.

euro trade today: long entry was at 3176 exiting at 3220. 44 pips profit using 10 pips sl.

not paying attention to cable atm.
every trades you enter, you need to figure out what your sl should be along with your target zone. it takes time to figure those out, and i'm not saying it hits all the time. you will have losses along the way, but if your target is greater than your sl. 1 trade should make up 3 or more losses.
  • #17,875
  • Dec 18, 2012 11:45am Dec 18, 2012 11:45am
Quoting Pervis
Can somebody help me how can we ignore some trade I point out?

Thanks mate,
those were during asia sessions. plus, momentum was pointing to the north end.
  • #17,876
  • Dec 18, 2012 11:57am Dec 18, 2012 11:57am
Quoting Pervis
Can somebody help me how can we ignore some trade I point out?

Thanks mate,
Mark out your high points and low points. you'll see those points you marked out are the high points. buy low. sell high.
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  • #17,877
  • Dec 18, 2012 12:25pm Dec 18, 2012 12:25pm
Quoting fxrobinhhood
Hi everyone

It seems the winter has taken over. Let's do some warm up.

Two tardes from me. Currently moved BE + 2pips

It is very difficult to work with ctarder but very transparent orders.

Happy holidays and merry Christmas to all. (esp those who gonna take it)

Attachment
In my opinion, your entries are way way too late. your GU trade was already in the zone to form another HH when you entered. In a less volatile market 8 times out of ten that trade will reverse on you and take out your stop.(BTW where was your stop placed???). In your AU trade price was making LHs and you entered when price could most likely form another LH..bouncing between 50 and 800ema...a distance of 16PIPS!. And you entered a buy 5PIPS below the 50e!...again..where did you place your stop???...look at the chart again now and you'll see PA is still bearish after that period of volatility! Remember buy when they are buying..and sell when they're selling. Thats the only way not to keep blowing up accounts.

The most important criteria in SCALPING MODE IS YOUR ENTRY! Targets are characteristically small..typically between 15 to 30 pips on the average..so entries have to be a bit aggressive..stops tight...and price action read just right. else stick with swing trades.
  • #17,878
  • Dec 18, 2012 12:37pm Dec 18, 2012 12:37pm
Quoting jordfx
In my opinion, your entries are way way too late. your GU trade was already in the zone to form another HH when you entered. In a less volatile market 8 times out of ten that trade will reverse on you and take out your stop.(BTW where was your stop placed???). In your AU trade price was making LHs and you entered when price could most likely form another LH..bouncing between 50 and 800ema...a distance of 16PIPS!. And you entered a buy 5PIPS below the 50e!...again..where did you place your stop???...look at the chart again now and you'll see PA is...

I see. Actually I knew the gu was a late entry but I rushed into trade as I thought it was totally bullish.
I had entered a few time near 6200 but I was stopped out. really lost my control over that. must work on self controlling.

But for AU I thought it was a good point to enter as it had bounced from 800 ema and closed above 10 ema. I thought being below 50 and 200 is ok.
Seems I have not good at the details.
Thanks for your clarification.
  • #17,879
  • Dec 18, 2012 12:49pm Dec 18, 2012 12:49pm
GU Chart analysis for thought processes.
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  • #17,880
  • Dec 18, 2012 12:55pm Dec 18, 2012 12:55pm
Quoting fxrobinhhood
I see. Actually I knew the gu was a late entry but I rushed into trade as I thought it was totally bullish.
I had entered a few time near 6200 but I was stopped out. really lost my control over that. must work on self controlling.

But for AU I thought it was a good point to enter as it had bounced from 800 ema and closed above 10 ema. I thought being below 50 and 200 is ok.
Seems I have not good at the details.
Thanks for your clarification.
10 ema is not really meant as an entry signal for scalps. It just serves as a guide. You can use it as an entry signal when price closes above it in CONFLUENCE with many other factors or when you're in swing trades set up on much higher TFs and entering on 15mTF. Other than that enter by reading PA, looking for tight entry stop loss points and waiting for confirmation with CS patterns at the strategic points. post the trades that were stopped and your thoght processes at those points and lets analyse them together.
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