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

Another simple system - Time-Frame 15

Quoting pkimnyc
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...
Quoting jordfx
GU Chart analysis for thought processes.

very interesting chart. clean and easy to understand. Thanks.
I am gonna save it like Arjun charts and have a look once in a while.
Quoting pkimnyc
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...
impressive. Thanks

I agree with the 2x or 3x tp. Actually I really look for such setups and I sometimes spot some but the problem is I can't manage them.
With X-man method, I got some and took profit. Got some and lost the profit as it reversed in many cases.
Here with Arjun method, I tried to tighten the Sl as many setups seem to aim at 20 or 30 pips.
Quoting jordfx
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.

Thanks for your kind offer. I realized how much I can learn when I interact with others posting charts and see how experienced traders look at it.
I wish I had become a member in FF in the last two years. never even followed a thread for persistently.
Now after 2 years I am coming to that conscious incompetence as Emannuel quoted.

I just remembered that as long as PA is above 10 ema, it means it going up. I should review the important posts on first hundred pages.
I will post those trades as well.
great system.....
Quoting jordfx
GU Chart analysis for thought processes.
Nice analysis as usual jordfx.
Interested in your target at the top trendline. I have never considered that approach. Would that be your first target?
When the market started moving fast, the ADR high would have been a logical final target.
There was strong weekly resistance just above this.
Dear Jordfx

Here are two GU buy trades I took earlier today. I cannot show it with ctrader so showed the entries manually.

1st
EP= 1.6213
stopped=1.6205

2nd
EP= 1.6206
stopped= 1.6201

I considered BRN 1.62 as support but I moved the sl as I had a sl more than 10 pips. I will try to post more live tomorrow.

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Quoting aryary
Suddenly the thread has become a picture posting site!!! lol

I might as well add one!

The peacock riddle - People breaking their heads?

You have up days and you have down days (above/below 10ema) - you simply move with it from the LTF

No one ever answered so i think it became a riddle, lol. (Yes there are some missing arrows also)
.

.
Hi aryary

This is what I first thought - higher closes above the 10ema and lower closes below.
However I looked at it afresh and discovered the real reason for the arrows thanks to Emmanuel's hints.
As he posted this conundrum, I will not steal his thunder lol.
Quoting fxrobinhhood
impressive. Thanks

I agree with the 2x or 3x tp. Actually I really look for such setups and I sometimes spot some but the problem is I can't manage them.
With X-man method, I got some and took profit. Got some and lost the profit as it reversed in many cases.
Here with Arjun method, I tried to tighten the Sl as many setups seem to aim at 20 or 30 pips.
ill let you figure out the exits. but to give you a hint, it's got nothing to do with the system. you might want to research outside the thread.
Quoting fxrobinhhood
Dear Jordfx

Here are two GU buy trades I took earlier today. I cannot show it with ctrader so showed the entries manually.

1st
EP= 1.6213
stopped=1.6205

2nd
EP= 1.6206
stopped= 1.6201

I considered BRN 1.62 as support but I moved the sl as I had a sl more than 10 pips. I will try to post more live tomorrow.

Attachment
First entry looked good. Take the loss and move on.
Second entry would have been fine if the stop had been placed correctly under the swing low. Or was it there and you tightened it?
Quoting Surfer
First entry looked good. Take the loss and move on.
Second entry would have been fine if the stop had been placed correctly under the swing low. Or was it there and you tightened it?
I thought the second one was better as PA had bounce my trend line. The SL was 1.6195 I guess (about 11 pips) Then I moved it to tighten the sl.
Quoting fxrobinhhood
Dear Jordfx

Here are two GU buy trades I took earlier today. I cannot show it with ctrader so showed the entries manually.

1st
EP= 1.6213
stopped=1.6205

2nd
EP= 1.6206
stopped= 1.6201

I considered BRN 1.62 as support but I moved the sl as I had a sl more than 10 pips. I will try to post more live tomorrow.

Attachment
Your stop loss on the 2nd trade makes no sense. Your entry was good. Stop should have been lower. It was too tight. Place under the swing low next time. Have more confidence.
What is any ocean but a multitude of drops?
FXrobinhood.......I'll throw in my 2 loonies worth.....
1) are you trading long or short term? What type of trades are you looking for?
2) secure your entry with candle formations and wait for a break above your trigger bar (longs)
Your first GU entry looks like it was based on pretty flimsy candles no momentum
Your second entry was better momentum but no break of this candle.
3) If you are swing trading, the market still hasn't come close to where your stop should be. If you are
scalping, the candle formation at the peak of the move should have told you to get out. The first bar (at the top) was reversed by about 50% even before it closed. The next bar was IB with very little buying, (no upward momentum on this bar. The third bar completed a reversal pattern. This was a bearish bar with almost no
upper wick and very small lower wick indicating selling all the way through the bar.
4) This PA took place at the targeted ADH

In short, bearish price action at a possible point of resistance is the signal to bail on the trade.
In my mind, money in the bank beats the heck out of money for my broker. A small win is better than a small loss.
Hope this offers a different point of view.
Kent
Another thing to be conscious of in regards to Price Action. Especially when in a range. What do you think these angles tell us?
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What is any ocean but a multitude of drops?
Nice insight Xhale!
Not a dead cat bounce but like someone dropping a basketball lol
Lost all momentum
P

Quoting Xhale12
Another thing to be conscious of in regards to Price Action. Especially when in a range. What do you think these angles tell us?
Quoting Surfer
Hi aryary

This is what I first thought - higher closes above the 10ema and lower closes below.
However I looked at it afresh and discovered the real reason for the arrows thanks to Emmanuel's hints.
As he posted this conundrum, I will not steal his thunder lol.
Hi Surfer,

There is no other real reason for the arrows.

My answer was confirmed with Arjun directly.

There is nothing complicated - just a simple chart with simplie logic.

Cheers
Quoting fxrobinhhood
Dear Jordfx

Here are two GU buy trades I took earlier today. I cannot show it with ctrader so showed the entries manually.

1st
EP= 1.6213
stopped=1.6205

2nd
EP= 1.6206
stopped= 1.6201

I considered BRN 1.62 as support but I moved the sl as I had a sl more than 10 pips. I will try to post more live tomorrow.

Attachment
Here you go buddy. Here are my thoughts on these trades.
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Quoting pkimnyc
those were during asia sessions. plus, momentum was pointing to the north end.
Quoting jordfx
Mark out your high points and low points. you'll see those points you marked out are the high points. buy low. sell high.
Ah, a serious error can not be ignored. Thanks you, pkimnyc & jordfx
Quoting Pervis
Ah, a serious error can not be ignored. Thanks you, pkimnyc & jordfx
More often than not Asian session will respect previous session ranges, as happened here. There are always exceptions of course that happen with a run starting at market opens, 2am gmt if I recall.
Quoting Surfer
Nice analysis as usual jordfx.
Interested in your target at the top trendline. I have never considered that approach. Would that be your first target?
When the market started moving fast, the ADR high would have been a logical final target.
There was strong weekly resistance just above this.
Yes, you're absolutely correct buddy. Top of trendline would have been my first target IF you're using single-entry, multiple-exits strategy like emmanuel. Depending on if you took the first(aggresive) or second(safe) bus, that would be 1R or 2R. ADR would be like 4R and/or 5R.
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