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Another simple system - Time-Frame 15

  • #18,901
  • Jan 16, 2013 3:41am Jan 16, 2013 3:41am
Quoting tieutri
Hi everyone

I really want to join and learn to follow the instructions of this thread, but my English is very bad. I have read this thread about 200 pages. Now I see the indicator you are using a different or more from baseline. People can upload the indicator, or just help me where to download it?

I am a newbie and want to learn more.
Thanks for help
Hello tieutri

Welcome to this thread.
I read your written English is near perfect. A thousand times better than my French. No worries about our langauage ability so long as we post charts and write down what we think of when we decide to take a trade. Many members here will understand because the chart and price action is our commonn trading language.

You must read the first few pages of the thread and all the indicators are in the few first posts.

Download them and install in your MT4. Then post your first chart and we shall help you from there on.
Take your time and read and digest everything. It is good for your trading.

Kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,902
  • Jan 16, 2013 4:23am Jan 16, 2013 4:23am
Hi fellow traders,
I'm still a newbee and reading the thread. But this morning i took this one on AUD USD. Seemed to me classic setup
I'll try to upload the chart. H1 closed under 10EMA- H4 was under 10EMA.

At this moment i,m short USDCHF. PA is stalling under 10EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 17 KB
  • #18,903
  • Jan 16, 2013 4:45am Jan 16, 2013 4:45am
New setup on AUD USD for a short?

Wait for a close under 10 ema.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-2.gif Size: 122 KB
  • #18,904
  • Jan 16, 2013 5:38am Jan 16, 2013 5:38am
Quoting emmanuel7788
AU 16 Jan

Yesterday Day close an Inside Bar.
How to trade this today?
AFTER THE FACTS.

Please comment about my setup
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au daily.jpg Size: 168 KB
Click to Enlarge Name: au m15.png Size: 73 KB
  • #18,905
  • Edited 10:17am Jan 16, 2013 6:31am | Edited 10:17am
I'm short AU on 1.0545. I go for 15 pips. just above de daily 10 ema


update stopped out at -15pip after 4 hours......
  • #18,906
  • Jan 16, 2013 6:46am Jan 16, 2013 6:46am
gbp/usd +30, could have got more if i left it but closed at resistance level

zander
Attached Image (click to enlarge)
Click to Enlarge Name: 33.gif Size: 96 KB
  • #18,907
  • Jan 16, 2013 6:54am Jan 16, 2013 6:54am
Quoting zander2034
gbp/usd +30, could have got more if i left it but closed at resistance level

zander
I took the same a little later +27 pips I went out at the same place.
  • #18,908
  • Jan 16, 2013 7:01am Jan 16, 2013 7:01am
Quoting Pipsmurfer
I took the same a little later +27 pips I went out at the same place.
wish i had kept it open
  • #18,909
  • Jan 16, 2013 7:09am Jan 16, 2013 7:09am
Quoting zander2034
wish i had kept it open
Better to have 30 pips in the pocket as none. I was just thinking, next time when I decide to take profit, I switch to 1M frame and get out when PA closes above 10ema.
It would have kept us a little longer in the trade. your thoughts?
  • #18,910
  • Jan 16, 2013 7:10am Jan 16, 2013 7:10am
Quoting zander2034
gbp/usd +30, could have got more if i left it but closed at resistance level

zander
Hi zander, thank you for your chart.

If you have time for answering, I have a question...

Can you explain to a newbie why you enter here and without wait for the confirmation (Close below 10EMA) ?

Thank you
  • #18,911
  • Jan 16, 2013 7:26am Jan 16, 2013 7:26am
Quoting Pipsmurfer
Better to have 30 pips in the pocket as none. I was just thinking, next time when I decide to take profit, I switch to 1M frame and get out when PA closes above 10ema.
It would have kept us a little longer in the trade. your thoughts?
I have started to look at that aswell so I will test it out
  • #18,912
  • Jan 16, 2013 7:29am Jan 16, 2013 7:29am
Quoting TiouK
Hi zander, thank you for your chart.

If you have time for answering, I have a question...

Can you explain to a newbie why you enter here and without wait for the confirmation (Close below 10EMA) ?

Thank you
It was a lower high and it was a rejection of the RN and the 50 ema (1hr 10ema). I could have waited for the bounce for a better confirmation but i felt confident enough to take the trade

zander
  • #18,913
  • Jan 16, 2013 10:42am Jan 16, 2013 10:42am
Hello guys! Been quite a while. Not much time to trade these days, so I'm still working out the kinks on my own complete swing version of this very same strategy. Same rules, same timeframe. Just some personal slight mods to help me out. I discovered to catch any good trend at source, entry must usually start as a CT trade and then evolve into a longer time Trend Swing Trade. Like I said still working out the kinks, (Mostly Money management and psychology related). But here's one I took today hoping to ride it into a longer term trend.

Up 60pips so far......30pip initial stop. trailing stop manually (have some other emergency exit criterias)...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 40 KB
  • #18,914
  • Jan 16, 2013 12:14pm Jan 16, 2013 12:14pm
My trades on break of canal GBP USD ans Short EUR/USD basic setup !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 63 KB
Click to Enlarge Name: eurusd.PNG Size: 55 KB
Trade Safe !
  • #18,915
  • Jan 16, 2013 12:39pm Jan 16, 2013 12:39pm
An another trade on EUR/JPY, TP:35pips at RN 118.00 and SL:25 pips at 117.40
Price closed above RN 117.60 and above MA10 !!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.PNG Size: 55 KB
Trade Safe !
  • #18,916
  • Jan 16, 2013 12:43pm Jan 16, 2013 12:43pm
Hi Emmanuel,

Thank you guide me. I will continue to monitor this thread and will return to read again. I just have a sell EU trade at 1.3300, now I have earned 17 pips and continue. My TP is 1.3273. I've moved the SL to 1.3290.

Best regards
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-01-17_012405.jpg Size: 204 KB
  • #18,917
  • Jan 16, 2013 2:26pm Jan 16, 2013 2:26pm
Quoting Goodgame42
My trades on break of canal GBP USD ans Short EUR/USD basic setup !
I was in the same EU trade but TP missed by 1 pip and trade ended at BE...
Attached Image (click to enlarge)
Click to Enlarge Name: 16-01-2013 21-13-03.png Size: 39 KB
  • #18,918
  • Jan 16, 2013 4:26pm Jan 16, 2013 4:26pm
Quoting jordfx
Hello guys! Been quite a while. Not much time to trade these days, so I'm still working out the kinks on my own complete swing version of this very same strategy. Same rules, same timeframe. Just some personal slight mods to help me out. I discovered to catch any good trend at source, entry must usually start as a CT trade and then evolve into a longer time Trend Swing Trade. Like I said still working out the kinks, (Mostly Money management and psychology related). But here's one I took today hoping to ride it into a longer term trend.

Up 60pips...

Hi jord,

Thanks for sharing this swing idea.
I think it is a good idea to catch entry on the retracement in lower TF and build up positions gradually and manage trades well and wait till market resume back to its higher TF trend. I do this for my short term swing trading and manage on H4.

Anyway,EJ is a good catch since 5 months trending up and I see 121 is potential target.
I am just concern about the daily volatility.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,919
  • Jan 16, 2013 4:37pm Jan 16, 2013 4:37pm
Quoting tieutri
Hi Emmanuel,

Thank you guide me. I will continue to monitor this thread and will return to read again. I just have a sell EU trade at 1.3300, now I have earned 17 pips and continue. My TP is 1.3273. I've moved the SL to 1.3290.

Best regards
Hi tieutri,

Well done for first time. You got a good trade protected with profit.

There is script in post#16,415 which will plot the Draw position on your chart. This will help to see where the trade entry is.
http://www.forexfactory.com/showthre...08#post6258608

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,920
  • Jan 16, 2013 5:02pm Jan 16, 2013 5:02pm
Quoting TiouK
I was in the same EU trade but TP missed by 1 pip and trade ended at BE...
Hi Tiouk,
That was a good trade entry. But market went choppy after that.
You managed that well and got out at BE. That is important and so long you manage well with discipline following own set of rules, you are good.
It depends on your Money Management and whether you want to consider the use of scaling-out to take partial profit. But scaling-out work well for me as I have more wiiners. I can then look for setup condition and then gradually scale-in with booked in profits.

More trading experience will be good for you.

Well done!

Below is my trade yesterday as example:
This is a short term swing trade, so my initial SL is bigger about -30pips. I took my first position out at +20pips, usual intraday trade profit and let remaining run by moving stops after each 4 hour period close.

Let market decide this one today.

Trade Well today.

I believe today and tomorrow will be the trading days for this week. Breakout traders take note!
Attached Image (click to enlarge)
Click to Enlarge Name: EU 16 Jan Trade 17-1-2013 6-42-48 AM.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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