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Another simple system - Time-Frame 15

  • #18,141
  • Dec 21, 2012 4:40am Dec 21, 2012 4:40am
Quoting stevepatt
I was just going to post that setup, look at the inside PB screaming out to be traded. I missed it
...don't fret it bro...another bus coming soon...still early in NY session...retrace..10e...or 50...re-enter...target their greed.
  • #18,142
  • Dec 21, 2012 5:02am Dec 21, 2012 5:02am
Hi,

Been taking it slowly on the trading front this week, though got decent move on EJ and GJ yesterday - scaled in full size on both of them. UJ setup at same time but did not want to over expose the risk on the yen crosses.

Nice setups on euro and swissy yesterday - did not take but will post for history folder!

Today nice setups on eurnzd and nzdusd - again did not take them but saw live - will post for educational purpose.

.
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  • #18,143
  • Dec 21, 2012 5:03am Dec 21, 2012 5:03am
.
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  • #18,144
  • Dec 21, 2012 5:25am Dec 21, 2012 5:25am
Quoting aryary
Hi,

Been taking it slowly on the trading front this week, though got decent move on EJ and GJ yesterday - scaled in full size on both of them. UJ setup at same time but did not want to over expose the risk on the yen crosses.

Nice setups on euro and swissy yesterday - did not take but will post for history folder!

Today nice setups on eurnzd and nzdusd - again did not take them but saw live - will post for educational purpose.

.
Hi Aryary,

I love your charts and explanations simple and to the point, always the best policy.
  • #18,145
  • Dec 21, 2012 5:43am Dec 21, 2012 5:43am
Quoting stevepatt
Hi Dom,

I've started to follow Emmanuel advice by marking the OHLC of both the previous day and week on my charts. This gives added confluence to take a trade and also gives good target levels.

If you do that you will notice that yesterdays low coincided with last weeks low point also this would give a good target level for the trade you where in. From there you can see price re-traced to last weeks open level before giving further PA to enter short.

All I'm saying is it's better to exit a trade with profit than let it turn around and take...
hi mate,

i will follow Emmanuel advice also these levels seems very well respected.

and for your words "All I'm saying is it's better to exit a trade with profit than let it turn around and take you out at BE or worse"
i totally agree with you, i am working to try to let my greed aside...

Thank you, very appreciated.

Peace
dom
  • #18,146
  • Dec 21, 2012 5:46am Dec 21, 2012 5:46am
Quoting jordfx
You're doing well buddy! Keep it up! But the main reason we don't post M5 charts in this thread is out of utmost respect for the author of this thread who specifically and categorically forbade it. You may do your analysis and take entries on such low timeframes, but out of consideration for newbies who WILL be tempted to copy you...DON'T POST THE CHARTS! They'll get eaten by the sharks!
ok Jord, thank you for your message !
i will follow your advice and i will not post m5 chart in the futur, no problem for me

Peace
dom
  • #18,147
  • Dec 21, 2012 5:47am Dec 21, 2012 5:47am
Quoting stevepatt
Hi Aryary,

I love your charts and explanations simple and to the point, always the best policy.
same tought for aryary charts : i love
  • #18,148
  • Edited 6:02am Dec 21, 2012 5:50am | Edited 6:02am
Ny closes early today. Have a great holiday.

In case anyone is still trading, odds on bears are much better than bulls for now.
  • #18,149
  • Dec 21, 2012 6:05am Dec 21, 2012 6:05am
Quoting pkimnyc
Ny closes early today. Have a great holiday.

In case anyone is still trading, odds on bears are much better than bulls for now.
Have a nice holiday and Merry christmas.

When does NY clsoe today?
  • #18,150
  • Dec 21, 2012 6:08am Dec 21, 2012 6:08am
Quoting fxrobinhhood
Have a nice holiday and Merry christmas.

When does NY clsoe today?
Right ard London close.
  • #18,151
  • Dec 21, 2012 6:11am Dec 21, 2012 6:11am
Quoting pkimnyc
Right ard London close.

very thoughtful reminder. didn't know about that. Thanks
  • #18,152
  • Dec 21, 2012 6:12am Dec 21, 2012 6:12am
Quoting stevepatt
Hi Aryary,

I love your charts and explanations simple and to the point, always the best policy.

True that!
  • #18,153
  • Dec 21, 2012 6:55am Dec 21, 2012 6:55am
Update on GU trade. Target hit for +41pips. Thats it! Done for the day! See you all after Christmas. Happy holidays everyone.
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  • #18,154
  • Dec 21, 2012 7:14am Dec 21, 2012 7:14am
Quoting fxrobinhhood
very thoughtful reminder. didn't know about that. Thanks
Oops. My mistake. No half day for ny. Full session today. Monday is half day.
  • #18,155
  • Dec 21, 2012 7:29am Dec 21, 2012 7:29am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
[quote=jordfx;6315267] A few winning trades often misleads amateur traders into thinking they are ‘onto something’.

Hi, Jordfx, I want especilly thank these words, they suit to explain to my family what i m doing and what is this (forex), but i didn t meet these smart words, again thankyou, and thank you all for the good explanations given to us.
i wish happiness.
  • #18,156
  • Dec 21, 2012 7:43am Dec 21, 2012 7:43am
Quoting jordfx
[b] [font=Arial][size=3]A few winning trades often misleads amateur traders into thinking they are ‘onto something’. But what usually happens is they hit a big winner and then they give it all right back, and usually more. This cycle of winning here and there and then giving all your gains back, works to keep traders in a cycle of gambling in blind hope, and it slowly depletes their accounts until their gone. Humans are wired to fall prey to this trap of randomly distributed rewards. What happens is once we hit a few winners via luck, we...
Very good post.
  • #18,157
  • Dec 21, 2012 8:03am Dec 21, 2012 8:03am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Wqiang
Hi,

hope someone can lend me a helping hand!

my question is inside the attachment.

thanks and regards,
wqiang
The pin bar is only to get your attention then you have to wait for a setup to complete.

Example Shooting Star wait for neckline:

Paul,
Attached Image
Of all the things I've lost I miss my mind the most .
  • #18,158
  • Dec 21, 2012 8:06am Dec 21, 2012 8:06am
Wishing everyone and your loved ones, a Merry Christmas and may 2013 continue to bring peace and happiness.
Stay safe, stay blessed and see you all in the new year.

Steve.
  • #18,159
  • Dec 21, 2012 8:35am Dec 21, 2012 8:35am
GU SHORT ...
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  • #18,160
  • Dec 21, 2012 9:14am Dec 21, 2012 9:14am
Tap the ice enough times and it will crack. Looks like it is going down soon. Breakout pullback would be the best option.
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