Another simple system - Time-Frame 15 | Page 934 | 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

  • #18,661
  • Edited 2:59pm Jan 5, 2013 2:47pm | Edited 2:59pm
Quoting jordfx
...Study the charts and try doing it yourself. Hope it helps.
I'm adding my thanks for the three charts and comments for the Daily/4H/15M timeframes. It definitely helps.
  • #18,662
  • Jan 5, 2013 3:04pm Jan 5, 2013 3:04pm
Quoting jordfx
Exactly. Arjun says to "watch the price in relation to 10/200/800 emas." We need to learn (see) what "relationship(s)" to look for. You put it perfectly. Thank you!
Here you go maryfx. It was expected that every newbie would do this exercise on their own. It's the practical interpretation of this threads strategy. Study the charts and try doing it yourself. Hope it helps.[/quote]

Thx jordfx,

indeed this is a great explanation of setup, this is the kind of explanations that lights us up, clear our way of seeing things.

Before on your daily chart, I would thing that the PA could go up to 1.6065 and the 10EMA will still look down, will not tell me if it is gonna go up or down.woudnt know.

but ur expalnations on the following charts, explains clearly how to see things better, not just the plain H4>H1>15M setup.

it was great.
thx
helee
  • #18,663
  • Jan 5, 2013 3:14pm Jan 5, 2013 3:14pm
Quoting jordfx
As an exercise for newbies. Post your answers to the following trade. Keep it simple. Lets see if we can all learn something together.
My take on the posted trade and question.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart Answer.JPG Size: 99 KB
  • #18,664
  • Jan 5, 2013 3:21pm Jan 5, 2013 3:21pm
Quoting jordfx
Study the core principles of this threads strategy again. The question you should be asking is..what exactly is our trading edge? At what points have the odds been outlined to be stacked in our favor by Arjun? I believe the odds were not really that favorable at those points(with respect to this threads strategy of course!). More-over the HL observation was actually spot on! I'll explain further tomorrow and post a chart to illustrate what I mean. The signal wasn't loud, so could easily be missed, but it was there all the same...one of the ingredients...
I am really scratching my head at this one... I look forward to seeing your chart tomorrow and what you use to identify divergence and swings as this is my weak point

zander
  • #18,665
  • Jan 5, 2013 3:23pm Jan 5, 2013 3:23pm
Quoting stan3188
My take on the posted trade and question.

Attachment
Tnx for your thots Stan. Very commendable effort. I'll post my thots further tomorrow.
  • #18,666
  • Jan 5, 2013 3:25pm Jan 5, 2013 3:25pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting jordfx
Exactly. Arjun says to "watch the price in relation to 10/200/800 emas." We need to learn (see) what "relationship(s)" to look for. You put it perfectly. Thank you!
Here you go maryfx. It was expected that every newbie would do this exercise on their own. It's the practical interpretation of this threads strategy. Study the charts and try doing it yourself. Hope it helps.[/quote]


According to the rules if you help just one person it’sworth doing, so good work.

I know this was just a quick example outside of trading hours but let’s say if other traders shared their opinions like it’s a Friday candle so wait or look ahead to next week on the FF Calendar some people don’t evenknow you can navigate the calendar.

Basically all the little things you pick up that make you a better trader that’s your experience that’s what you share it does not change the system it shows how you work it, each trader will take what they need from others experience and they are all valuable.

Paul,
Of all the things I've lost I miss my mind the most .
  • #18,667
  • Jan 5, 2013 6:35pm Jan 5, 2013 6:35pm
Excellent chrts thx JordFX

Once the trading week starts I'll try and put up similar in a live-as-it-happens exercise.

These charts and the gU case study are excellent discussion. i'm looking forward to your pointers on divergence using pa and ma.
p


Quoting jordfx
Exactly. Arjun says to "watch the price in relation to 10/200/800 emas." We need to learn (see) what "relationship(s)" to look for. You put it perfectly. Thank you!
Here you go maryfx. It was expected that every newbie would do this exercise on their own. It's the practical interpretation of this threads strategy. Study the charts and try doing it yourself. Hope it helps.[/quote]
  • #18,668
  • Jan 5, 2013 6:56pm Jan 5, 2013 6:56pm
Quoting jordfx
Exactly. Arjun says to "watch the price in relation to 10/200/800 emas." We need to learn (see) what "relationship(s)" to look for. You put it perfectly. Thank you!
Quote
Here you go maryfx. It was expected that every newbie would do this exercise on their own. It's the practical interpretation of this threads strategy. Study the charts and try doing it yourself. Hope it helps.

niiiiiiiiiiiiice!...thanx Jordfx!
  • #18,669
  • Jan 6, 2013 1:44am Jan 6, 2013 1:44am
Quoting jordfx
...Tnx so much Emmanuel for your highly valued inputs. Truth be told, from my experience with the TDI and almost all other indicators, It lags PA too much to be of much use to me personally. The answer to this chart is so much simpler than even using TDI, which seriously repaints( at a point it would seem to have crossed....and then suddenly it hasn't!). ..
Dear Jordfx,
Could you please clarify your statement on TDI seriously repaint? To my observation, TDI is lag but not repainted once the candle closed. Please correct me if I'm wrong. Just a newbie confusing question!

Happy trading of the new year to all
Accept as it is being!
  • #18,670
  • Jan 6, 2013 2:47am Jan 6, 2013 2:47am
Quoting davit
so you are the tdi police? After 35 posts...
hello davit and jordfx,

i'm not tdi police or wats.....this is my biz and running as traders full time.

Im not disagreed with you and jordfx ...you're ma police and more expirences also a professional traders... Looks likes i got to solute both of you due to your posted more than 1000 post...i.m just 35....however i sticks with my trading plan and always follow my rules .

As far as im concern even tdi is lagging indicators but its a hibrid indicator indicate market condition related to trend direction,momentum and market volatility .....an "all -in-one " indicator . Thats why im use it with average price bar "heiken ashi" where its 1. Provide a better depiction of current market . 2. Reveal market strenght & consolidation 3.eleminate fluctuation of nominal price action and 4. Remove the noise of price distortion of the underlying trend.

Finally i'm just ok , you can write and post whats ever you like here , you can ignore me too...does'nt matter.. As long as we makes a consistent profit now and in the future.......... My level now still at belief my rules and do the best on consistency make a profit.

Once again i'm respect both of you and wish you all becoming professional traders soon.

Trade well , follow your rules and stay focus.

Thanks.
  • #18,671
  • Jan 6, 2013 5:07am Jan 6, 2013 5:07am
Quoting zander2034
I am really scratching my head at this one... I look forward to seeing your chart tomorrow and what you use to identify divergence and swings as this is my weak point

zander

Ok buddy. Here you go. These my thoughts regarding the weekend exercise. Hope it helps.

N.B..with respect to the thread strategy rules...you should only start searching for short( even long setups around the 50 and/or 200ema after those candle closes above the 10ema and BRN.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 25 KB
  • #18,672
  • Jan 6, 2013 5:11am Jan 6, 2013 5:11am
Other examples of how I spot divergence using PA, MAs, BRNs, etc.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.gif Size: 24 KB
Click to Enlarge Name: 3.gif Size: 23 KB
Click to Enlarge Name: 4.gif Size: 22 KB
  • #18,673
  • Edited 7:15am Jan 6, 2013 5:39am | Edited 7:15am
Quoting Vnfx
Dear Jordfx,
Could you please clarify your statement on TDI seriously repaint? To my observation, TDI is lag but not repainted once the candle closed. Please correct me if I'm wrong. Just a newbie confusing question!

Happy trading of the new year to all
Hey buddy. What I mean is that when trading live, at the critical decision making points, there are lots of times that the green crosses the red, and because we're trying to catch the move early, we enter at once, (which is correct as per the thread rules), unfortunately the very next candle close takes the green line right back over the red! And when backtesting, the initial 'cross' is no longer evident. It's now looking like a 'bounce'!!! This could give rise to a lot of 'fake' signals. And if you decide to wait for candle confirmation of the 'cross' before entry, most of the move is already over as scalping breakouts are usually fast and furious!(unfortunately this is the achilles heel of most indicators). This is not so much an issue with swing trades though.
  • #18,674
  • Jan 6, 2013 6:19am Jan 6, 2013 6:19am
Quoting jordfx
Ok buddy. Here you go. These my thoughts regarding the weekend exercise. Hope it helps.

N.B..with respect to the thread strategy rules...you should only start searching for short( even long setups around the 50 and/or 200ema after those candle closes above the 10ema and BRN.

Hi jordfx,

Thx for ur excellent and valuable input, u r 5* person.

please tell me something, I noticed that u when drawing the TL, u ignore the wicks and pass the TL by only the candle real body, is there a special reason for it?

Thx and have a great day.

helee
  • #18,675
  • Jan 6, 2013 7:08am Jan 6, 2013 7:08am
Quoting Helee
Hi jordfx,

Thx for ur excellent and valuable input, u r 5* person.

please tell me something, I noticed that u when drawing the TL, u ignore the wicks and pass the TL by only the candle real body, is there a special reason for it?

Thx and have a great day.

helee
Very good observation! I was waiting for somebody to ask that. Drawing trendlines can become a very subjective thing if you have wicks all over the place. So only draw trend lines using only CLOSING PRICES. This is better seen by using a line chart instead of CandleStick Charts, and connecting PEAKS AND DIPS. Like so...
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 13 KB
  • #18,676
  • Jan 6, 2013 7:13am Jan 6, 2013 7:13am
It’s easy when things are working out. Easy to be positive. Easy to think correctly. Easy to stick to the plan and be disciplined. But sooner or later you’ll face adversity. And that’s when you’re going to have your real test.

How you react to adversity is the only thing that really matters. The time that adversity hits is the only time that really matters because it will define everything that follows. Will you break down or will you keep the same positive and confident attitude?

It’s so easy to lose faith when things don’t go according to plan. It’s all too easy to forget all the work you’ve done on yourself and adopt a victim mentality. But there’s a way to avoid this. And that’s by reminding yourself of one thing when adversity hits:

"This is the only time it really matters."

All your work, all your training, all your conditioning – this is what it’s for. Don’t be disheartened when things go wrong. Instead, realize that all that work is precisely for this moment. And how you handle it will determine your ultimate success.

Think about it. What truly separates the greats from the rest? It’s equally easy for everyone to think right and act right when things are going right. And this means that how they think when things aren’t going right is the only difference. It’s the real “secret”.

So from now on, don’t look at the bad times as unfortunate events that are happening to you. Rather, look at them as the only times that truly matter. How you handle these times will shape your trading and your life. Look at it as the goal. And accept the challenge.




https://fbcdn-sphotos-e-a.akamaihd.n...23422477_n.jpg
  • #18,677
  • Jan 6, 2013 7:43am Jan 6, 2013 7:43am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting jordfx
It’s easy when things are working out. Easy to be positive. Easy to think correctly. Easy to stick to the plan and be disciplined. But sooner or later you’ll face adversity. And that’s when you’re going to have your real test.
I was reading Ziad and Awais blog on opentrader last month and when I read this post it made me think 2013 would be the year i'm gratefull for what I have not what I desire.

Thanks for sharing his story.

Paul,
----------------------------------------------------------------------------------------------------------------------------------------------------------------------

P.S. This isn’t just nice sounding theory. I’m currently going through some personal adversity in my life where things have gone very off plan. My first reaction was to get upset and forget to be grateful and keep the unflinching faith. But then I remembered that this is the only time when all of these things really matter. And it all changed.

Ziad Masri,
Of all the things I've lost I miss my mind the most .
  • #18,678
  • Jan 6, 2013 9:24am Jan 6, 2013 9:24am
Dear Jordfx,

thank you very much for exercise and explanation of it it was very useful. I'am very happy that we still have here pro's which are helping for noobs like me

Best regards,
Arunas
  • #18,679
  • Jan 6, 2013 10:05am Jan 6, 2013 10:05am
Quoting Arunaz
Dear Jordfx,

thank you very much for exercise and explanation of it it was very useful. I'am very happy that we still have here pro's which are helping for noobs like me

Best regards,
Arunas
The greatest lesson I learnt from this thread is the plea to help the needy and less priveleged as we become more successful traders. That is why I am so desirous of helping struggling traders and newbies also to become more profitable. Their families will be the better for it. Their societies will be the better for it. And world might be a better place for us all and generations to come. It might not be much, but it's the little contribution I can make towards this lofty ideal. I know some have taken advantage of this sentiments to try and play on our collective intelligence, but non-the-less, it is a worthy aspiration for us all.
  • #18,680
  • Jan 6, 2013 10:09am Jan 6, 2013 10:09am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Here you go maryfx. It was expected that every newbie would do this exercise on their own. It's the practical interpretation of this threads strategy. Study the charts and try doing it yourself. Hope it helps.[/quote]

I tried to do this exercise if some of the pro expert traders could help me out and point out my mistakes so I can learn.

Thank you, Paul

Attached Image (click to enlarge)
Click to Enlarge Name: 2013_KMA_0001_001_001.png Size: 76 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2013_KMA_0002_001.png Size: 55 KB
Of all the things I've lost I miss my mind the most .
12 traders viewing now