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Another simple system - Time-Frame 15

  • #17,981
  • Dec 19, 2012 6:27am Dec 19, 2012 6:27am
Quoting Surfer
Anyone take this AU short?
yes i will post later mate
  • #17,982
  • Dec 19, 2012 6:33am Dec 19, 2012 6:33am
Big Thanks Emmanuel and all others teaching and helping here

I am not trading on break now till new year

Keep it simple guy find the trend on HTF and then follow the WAVES....

I Posted some charts a couple of day ago with chart to train your eyes!!!

Same Things happen again and again!! Backtest and see...

GL

Charts from today and yesterday
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  • #17,983
  • Dec 19, 2012 6:36am Dec 19, 2012 6:36am
Quoting pkimnyc
what makes you think the system is phoney? couple of questionable menbers, yes. it is your job to figure it out.



if you got it all figured out then butt out. there still some good posts to use it as references (trading related subject.)



you are out of your mind to even think to pick an entry based on 4hr chart...
15 min tf is best used to pick entries. ht determins the directions.
if you don't like the way it is then gl with your massive drawdowns. i've been there in the past.

Couldn't have said it better myself!!!
  • #17,984
  • Dec 19, 2012 6:46am Dec 19, 2012 6:46am
Quoting zander2034
yes i will post later mate
Aud/Usd +17
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  • #17,985
  • Dec 19, 2012 6:54am Dec 19, 2012 6:54am
(For Arunaz)

I marked that zone as a sell zone because any price zone higher than that and a HH will most likely be formed which completely goes against what traders have been doing since the beginning of this week...SELLING! I pinpointed my exact entry point using the 200ema and yesterdays close/ todays open as a guide.(1.05335..there was a gap actually). Also I needed to keep my stop really tight to trade bigger lot size so didn't need to wait for the confirmation candle(VEEERY AGGRESSIVE ENTRY!). a safer entry would have been the doji after my entry candle.
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  • #17,986
  • Dec 19, 2012 6:58am Dec 19, 2012 6:58am
Quoting jordfx
(For Arunaz)

I marked that zone as a sell zone because any price zone higher than that and a HH will most likely be formed which completely goes against what traders have been doing since the beginning of this week...SELLING! I pinpointed my exact entry point using the 200ema and yesterdays close/ todays open as a guide.(1.05335..there was a gap actually). Also I needed to keep my stop really tight to trade bigger lot size so didn't need to wait for the confirmation candle(VEEERY AGGRESSIVE ENTRY!). a safer entry would have been the doji...
Keep it up mate... love your trading style and always look forward to your charts well done
  • #17,987
  • Dec 19, 2012 7:03am Dec 19, 2012 7:03am
Quoting zander2034
Aud/Usd +17
Nice trade mate
  • #17,988
  • Dec 19, 2012 7:30am Dec 19, 2012 7:30am
Quoting Vnfx
EJ M15 buy again basic set up. Hope this time target to be reached.
http://www.forexfactory.com/attachme...5&d=1355845217
Dear newbies,
If some of you notice I took this trade and post on the trading journal of LE1 method http://www.forexfactory.com/showthre...62#post6308762 you've known that. It's done now, finally.

The next problem is how I can commit myself not to trade until next year? According to the theory, I need to have a break, relax and review the performance of the last 2-month learning curve with Master Arjun!

I would say Million thanks to Master Arjun and senior mentors of the thread! Although the road still be rough I hope to be survival until the end! Making pip is not easy but keeping pip it is more difficult. Still be a lot of valleys and abyss/gulfs in the learning/equity curve.

Happy Christmas! Happy New Year!
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Accept as it is being!
  • #17,989
  • Dec 19, 2012 7:31am Dec 19, 2012 7:31am
EJ has some real move
  • #17,990
  • Dec 19, 2012 7:33am Dec 19, 2012 7:33am
Quoting Vnfx
Dear newbies,
If some of you notice I took this trade and post on the trading journal of LE1 method http://www.forexfactory.com/showthre...62#post6308762 you've known that. It's done now, finally.

The next problem is how I can commit myself not to trade until next year? According to the theory, I need to have a break, relax and review the performance of the last 2-month learning curve with Master Arjun!

I would say Million thanks to Master Arjun and senior mentors of the thread! Although the road still be rough I hope to...

Great job Vnfx . Hope I ever get there lol
  • #17,991
  • Edited 8:32am Dec 19, 2012 7:34am | Edited 8:32am
AU 15m Chart

Took the same AU trade as previously pointed out.

I have been adding the OHLC levels of previous day and week as pointed out by Emmanuel and I'm finding them very good for confirmation and TP levels.
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  • #17,992
  • Dec 19, 2012 7:38am Dec 19, 2012 7:38am
massive profit taking across board.
  • #17,993
  • Dec 19, 2012 7:42am Dec 19, 2012 7:42am
Quoting lehin
Great job Vnfx . Hope I ever get there lol
Dear Lehin,
Following the basic setups you will make more than that! Bro!
Accept as it is being!
  • #17,994
  • Dec 19, 2012 7:48am Dec 19, 2012 7:48am
Quoting jordfx
massive profit taking across board.
Can it be that not many ppl left out there who believe market will go higher? Last reports I saw from COT, show a big money buying yen
  • #17,995
  • Dec 19, 2012 7:50am Dec 19, 2012 7:50am
Great job everyone.

But for me
I guess I don't know how to manage my feeling not managing trades.
I need to stop trading for a while.
Here is the statement
Watching the market for more than 9 hours made 9 trades. The first ones with some logic the rest ... Could have locked in more than 100 pips but..

Buy GU BE
Buy EU +32
Buy GU BE
Buy GU -10
Buy EU +8
Buy EU -7
Buy EU -15
SELL AU -1
SELL EU BE
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  • #17,996
  • Dec 19, 2012 7:52am Dec 19, 2012 7:52am
Quoting Vantage
If Asian does go it will be around the open (can't remember which one off hand - Tokyo??) around 2am gmt. If that does not happen then the Asian session will most likely respect ranges set previously. So if I was awake and trading well before LO I wouldn't be looking to get into trades that are hitting close to the Asian (+ previous) highs.

Would rather be then waiting for in and around LO to trade the 2 scenarios I posted a little earlier. http://www.forexfactory.com/showthre...76#post6307476

Thanks Vantage!!
  • #17,997
  • Dec 19, 2012 7:59am Dec 19, 2012 7:59am
Quoting Vnfx
Dear newbies,
If some of you notice I took this trade and post on the trading journal of LE1 method http://www.forexfactory.com/showthre...62#post6308762 you've known that. It's done now, finally.

The next problem is how I can commit myself not to trade until next year? According to the theory, I need to have a break, relax and review the performance of the last 2-month learning curve with Master Arjun!

I would say Million thanks to Master Arjun and...
Well done mate great trade... Keep it up
  • #17,998
  • Dec 19, 2012 8:00am Dec 19, 2012 8:00am
Quoting lehin
Can it be that not many ppl left out there who believe market will go higher? Last reports I saw from COT, show a big money buying yen
Don't know if it was news, eur falling, reaction to EJ's highs from Oct '11 and Mar '12.

What I would say is that eur has had a 400 pip move up in a couple of weeks. 1.33 can be a R level looking back on D chart. D showing divergence OK that needed pa to confirm. I mentioned earlier the chance of an 85/15 trade. We have 2 x 1hr upper wicks for an evening star type pattern, engulfing neg close at the R level/RN/W M4 combo.

A genuine 15 min lower high after divergence (gotta love that as price action is confirming the divergence), engulfing neg close.

If you are going to go CT thats the kind of additional info/confluence of events that makes the argument.
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  • #17,999
  • Dec 19, 2012 8:04am Dec 19, 2012 8:04am
Quoting fxrobinhhood
Great job everyone.

But for me
I guess I don't know how to manage my feeling not managing trades.
I need to stop trading for a while.
Here is the statement
Watching the market for more than 9 hours made 9 trades. The first ones with some logic the rest ... Could have locked in more than 100 pips but..

Buy GU BE
Buy EU +32
Buy GU BE
Buy GU -10
Buy EU +8
Buy EU -7
Buy EU -15
SELL AU -1
SELL EU BE
Attachment
Don't get too upset man. Holidays are coming! Wish you and all other traders peaceful time.
  • #18,000
  • Dec 19, 2012 8:09am Dec 19, 2012 8:09am
Quoting Vantage
If you are going to go CT thats the kind of additional info/confluence of events that makes the argument.
So to be specific if I am considering CT I want a confluence of a majority of these - SR level, higher TF divergence, W pivots, price proving over time it does not want to progress. That would show as upper wicks on 1hr and either a lower high, dble top, evening star pattern.
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