Another simple system - Time-Frame 15 | Page 926 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Multi time frame Simple MACD system 824 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

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

Another simple system - Time-Frame 15

  • #18,501
  • Jan 2, 2013 5:00am Jan 2, 2013 5:00am
EU Fail trade...

i know this is CT not suitable for newbie, but i just trying to learn...

could any one have a look and give some comment...it may help newbie(me)....
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.gif Size: 34 KB
  • #18,502
  • Jan 2, 2013 5:03am Jan 2, 2013 5:03am
Showing you another trade, because it is a classic one pointed out by the owner of this Thread.

Below, there is a classic setup for ADR CT.
The price has reached ADR low and a RN below.
We have to wait for a bounce and shoot.
We want usually 10-15 pips only. High probability trade.

Up 115 pips for the day. All trades taken from LTF below m15/not posting here as per past request of LE1.

Trade smart, keep reading the thread. Lots of good setups explained.

Ciara
Attached Image (click to enlarge)
Click to Enlarge Name: 20130102 EC ADRL.png Size: 55 KB
Ideas shape the course of history
  • #18,503
  • Jan 2, 2013 6:14am Jan 2, 2013 6:14am
Quoting lowweiting
EU Fail trade...

i know this is CT not suitable for newbie, but i just trying to learn...

could any one have a look and give some comment...it may help newbie(me)....
Not sure what trade you took, what was your entry price and SL?
  • #18,504
  • Jan 2, 2013 6:23am Jan 2, 2013 6:23am
Quoting Vantage
Not sure what trade you took, what was your entry price and SL?
I think he took similiar trade to me. but i took back my pips given market and ended with 1 pips +
  • #18,505
  • Jan 2, 2013 6:24am Jan 2, 2013 6:24am
Quoting Magrami
I think he took similiar trade to me. but i took back my pips given market and ended with 1 pips +
Chart
Attached Image (click to enlarge)
Click to Enlarge Name: wykres.jpg Size: 94 KB
  • #18,506
  • Edited 6:59am Jan 2, 2013 6:46am | Edited 6:59am
Quoting lowweiting
EU Fail trade...

i know this is CT not suitable for newbie, but i just trying to learn...

could any one have a look and give some comment...it may help newbie(me)....


I think your SL wasn't right. Look at your last swing... from what I see, after your entry a price went against you but it didn't break last top swing. You would got some pips if you had right SL. Hope you understand me.

P.S. Personally I'm done with small stop losses, at least till I learn more. I'm still newbie and my entry is not always precise, so i need more room for error.
  • #18,507
  • Jan 2, 2013 7:02am Jan 2, 2013 7:02am
Quoting Vantage
Not sure what trade you took, what was your entry price and SL?
here is the more clear chat...
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.gif Size: 37 KB
  • #18,508
  • Jan 2, 2013 7:09am Jan 2, 2013 7:09am
Quoting Magrami
Chart
yaya.. i took same as ur 1st trade ...but after i saw the second entry opportunity i scare to enter again....sad...


another GU Fail Trade...can have a look ??
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.gif Size: 24 KB
  • #18,509
  • Jan 2, 2013 7:54am Jan 2, 2013 7:54am
Quoting lowweiting
here is the more clear chat...
Yes as suggested by Lehin your stop needed to be above the last swing high, around the round number. If that was too big you either need to leave all together or hope for re trace and another lower high.

Just commenting on the stop, not that its a CT trade or the time of year.
  • #18,510
  • Jan 2, 2013 8:00am Jan 2, 2013 8:00am
Quoting lowweiting
yaya.. i took same as ur 1st trade ...but after i saw the second entry opportunity i scare to enter again....sad...


another GU Fail Trade...can have a look ??
Not a trade in terms of system, price crossed the 10ema 5 or 6 candles back and just drifted lower.

Apart from that I've no idea why you entered there? A couple of lower wicks suggests a problem? Your stop placement again an issue (not talking about CT or holidays again).
  • #18,511
  • Jan 2, 2013 10:27am Jan 2, 2013 10:27am
newbies should not be taking CTs. They are a lot riskier. Part of trading is patience and the fact that newbies are taking these trades shows that they do not have the patience required to wait for valid setups according to this system. I as a newbie still make mistakes but there is no excuse for taking setups and posting in this thread when senior members have stated do not take these trades.

Arjun the creator of this thread mentioned it over and over again.

It doesnt seem like Arjun will be returning and there are other senior traders who posted in 2012 who I know will not be back on this thread.

If this thread is to continue to be as successful as the first few hundred pages we need to stick to the system. I have not been trading over the holidays but I have been looking over the thread and some trades posted have nothing to do with the original system which just confuses others.

My advice to anyon just starting to look at the thread is make sure you read the first 500 pages first these are pure gold in terms of learning the system.

I will be starting to trade again from monday and will continue to post on this thread for as long as the original system is shown to be followed by everyone.

zander
  • #18,512
  • Jan 2, 2013 11:23am Jan 2, 2013 11:23am
Quoting zander2034
newbies should not be taking CTs. They are a lot riskier. Part of trading is patience and the fact that newbies are taking these trades shows that they do not have the patience required to wait for valid setups according to this system. I as a newbie still make mistakes but there is no excuse for taking setups and posting in this thread when senior members have stated do not take these trades.

Arjun the creator of this thread mentioned it over and over again.

It doesnt seem like Arjun will be returning and there are other senior traders...
For justification Arjun metnion that if distance from 200 ema is around 50 pips its favore CTs, second there was bounce from highs of december and on h1 we can see pinbar, price couldnt achieve last high close belove 10 ema and tested it, ADR was reached. I took this trades based on this system if Im wrong tell me what I missed ( ofcourse it wasnt perfect trade but risk reward was 1:2)


Greetings
  • #18,513
  • Jan 2, 2013 11:38am Jan 2, 2013 11:38am
I'm still learning and I look forward to continuing guidance from people who know the system.
Thanks to all who help folks like me.
  • #18,514
  • Jan 2, 2013 11:52am Jan 2, 2013 11:52am
Quoting Magrami
For justification Arjun metnion that if distance from 200 ema is around 50 pips its favore CTs, second there was bounce from highs of december and on h1 we can see pinbar, price couldnt achieve last high close belove 10 ema and tested it, ADR was reached. I took this trades based on this system if Im wrong tell me what I missed ( ofcourse it wasnt perfect trade but risk reward was 1:2)


Greetings
Yes he mentioned if the price was far enough away then we could trade this but it was more advanced entry. Why not master the textbook setup which creats more oppurtunity to make pips. your setup looks ok. The problem i see with CTs is that the price has to go against the momentum and the price has to break all of the resistance it struggled to get through previously and the support which helped the price to higher now becomes resistance that you want the market to break. there is a couple of things that would have stopped me taking this trade.

Your analysis of the trade was good but i think you could benefit more by just trading with the trend

zander
Attached Image (click to enlarge)
Click to Enlarge Name: a.jpg Size: 163 KB
  • #18,515
  • Jan 2, 2013 12:15pm Jan 2, 2013 12:15pm
Now I understand what you mean. Thank for your view, I still must practice my eyes to see more things on charts.
  • #18,516
  • Jan 2, 2013 3:33pm Jan 2, 2013 3:33pm
Quoting TraderJoe
did you catch them?
TJ

Hi TJ,

I missed them all today. I am sure all the Asian early birds caught those heavy dollar selling.

I am still in holidays ... will be back in week 3, from 14 Jan for more more action trading.

the US fiscal problem ain't over yet, we wait for the next round when the Rep and Dem vote again.

Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,517
  • Jan 2, 2013 5:34pm Jan 2, 2013 5:34pm
EU 3 Jan Trade (demo):

Is this a good sell entry before Tokyo open?
SL 15pips
TP1 15pips
Attached Image (click to enlarge)
Click to Enlarge Name: EU pre-TOK 3-1-2013 7-30-50 AM.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,518
  • Jan 2, 2013 6:01pm Jan 2, 2013 6:01pm
Hi Emmanuel, Thanks for your PM. I still have a problem with Trade management script I have to remove it because when I install script and I use standard fib tool from platform that fib tool work like script and gives me TP1 to TP5 information but does not give me fib information.
  • #18,519
  • Jan 2, 2013 6:04pm Jan 2, 2013 6:04pm
Hi there Emm ,
Hope you have had a relaxing & fun-filled holiday break for the New Year.
Still digesting the early posts of this marathon thread so not expert yet - my 2cents agrees that a short is indicated but I have not had the final confirmation from the TDI. The Cross is still above the MIDLINE - I think this is what was intended in the original instructions.
What do you say ?
Cheers
Brian
  • #18,520
  • Jan 2, 2013 6:32pm Jan 2, 2013 6:32pm
Quoting Nasir
Hi Emmanuel, Thanks for your PM. I still have a problem with Trade management script I have to remove it because when I install script and I use standard fib tool from platform that fib tool work like script and gives me TP1 to TP5 information but does not give me fib information.
Hi Nasir,

Ok, I know this 'problem' with MT4 tools.
Everytime the fib tool is being used, MT4 remembers the last time it was used and saved the properties.

For the two scripts to draw the BUY and SELL EP SL TP lines, these two scripts uses the MT4 standard fib tool. Hence everytome the script is used, the parameters are saved in the properties.

The normal way to get rid of the properties is to reset that to Default after you you open the Fib tool.

My way to get around this is use another script to draw the usual fibo levels we want.
Attached scirpt Draw_FiboFavourite.mq4.

This script will draw the fib levels inclduing the extensions which I use on the Day H-L and Week H-L.

Once the fib are drawn, you can slecet the fib and open the properties once. That will saved the paramters.

If you want to customised fibo version, let me know. I can edit this for you very quickly.

regards,
Attached File(s)
File Type: mq4 Draw_FiboFavourite.mq4   3 KB | 589 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
13 traders viewing now