Another simple system - Time-Frame 15 | Page 947 | Forex Factory

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Another simple system - Time-Frame 15

  • #18,921
  • Jan 16, 2013 9:35pm Jan 16, 2013 9:35pm
My EU trade stopped out.
Now back to waiting game...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,922
  • Jan 16, 2013 10:13pm Jan 16, 2013 10:13pm
Live Trading Room decision:

Quoting emmanuel7788
Live Trading Room

There were some previous suggestions to have a live trading group for example using Skype as one media. I have been thinking about this over the past two weeks since I was not trading and felt this idea could be something for the 2013.
I am sure members here have your own views and concern for this thread.

Therefore I would just want to make a quick survey now and wouild love to hear from everyone following this thread.

What I feel most...
Quoting Vantage
I will be able to offer very little to a live trading room. For me it was a bigger distraction than a FF thread. The other problem (when I was in a room) was when things were quiet for the system a whole horde of 'other' trades were getting called. That didn't help the methodology at all.
Quoting Vantage

If you can have someone acting as a moderator and really keep the room focused then it might be a good thing. That person would have to have his head 'right' otherwise it might hit their trading. Its actually more difficult than it sounds to keep things on track....
Quoting jordfx
I feel very much that this thread has accomplished and can still accomplish the purposes of having a live trading room IF we can determine to keep it on track and focussed! The greatest challenges has always and always will be...DISTRACTIONS! And I feel the same challenges will still rear its head even in a live trading room on skype or whereever. The problem I sense with this thread at the moment is that a lot of us seem to be forgetting the PURPOSE and SPIRIT with which LE1 started this thread in the first place! HE STARTED THIS THREAD WITH THE...


Quoting fxdivergence
Hi Emmanuel, live trading room via skype, usually don't work that well. Hence rather than focusing on their own trading 'charts', newbies are focusing reading skype posts or busy typing.
Quoting fxdivergence

For myself, during this holiday season, I have been studying PASR on the higher timeframe (Monthly Weekly & Daily) and doing backtesting and trade simulation. I hope to contribute more next year.


Anyway, best wishes
Happy New Year.
may 2013 be a excellent one.
Quoting peetee09
Hi all! Hapy New Year! Let's make 2013 a BIG year :-)
Quoting peetee09

I agree totally with JordFX and Vantage views on this thread and the questions of having another trading thread.

I think that it is essential to keep to Arjun's core principles on this thread and is will be very difficulty to do so unless we all consciously adhere to showing and discussing inormationa dn charts in that context.

A second 'trading' thread will only encourage greater diversity of ideas and pet techniques without the control of the LE1 thread. Also time/reading/contribution...

[size=3][font=Verdana]Thankyou to the following members - Vantage, jordfx, fxdivergence and peetee09 foryour responses to this suggestion.

Based on these responses and the fact that very few members here responded, my decision has been made simple.

After giving it more thought, I will open my existing live trading chat room to the few who earlier made this suggestion to me and I will contact you individually to get more details. For sure we won’t be using skype due to its limitations inchart and file sharing.

For allother members, we can continue to use this thread to share and discuss thistrading method but we should remain focus and not be distracted with moreindicators and mixing other methods into this simple M15 method. What I thinkis more important is for everyone to develop this method into a personalisedsystem with a proven money management system, position sizing and exitmanagement to maximise profits. Your system must help you meet your financial objectives. I can share more in these areas if anyone is interested.

To achieve financial freedom through trading won’t come easy. It is a business and there are many things you need to know in this business. There is a lot to readand learn from. There trading skills which you need to learn and master throughdeep practice. There is no quick way and there is no short cut. It is really difficult but can be achieved with passion, commitment and diligent work. I don’t see any other way that you become an independent trader.

I remain committed to share in thread and will help anyone who post and need help to getstarted.

TradeWell!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,923
  • Jan 16, 2013 11:23pm Jan 16, 2013 11:23pm
NU 17 Jan Trade:

The only decent BASIC setup I see just a while ago.
Small SL and with some room for TP1 and BE.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,924
  • Jan 17, 2013 12:36am Jan 17, 2013 12:36am
Quoting emmanuel7788
Live Trading Room decision:










[size=3][font=Verdana]Thankyou to the following members - Vantage, jordfx, fxdivergence and peetee09 foryour responses to this suggestion.

Based on these responses and the fact that very few members here responded, my decision has been made simple.

[font=Verdana][size=3]After giving it more thought, I will open my existing live trading chat room to the few who earlier made this suggestion to me and I will...
ok hi Manu7788, dont forget me for ur live trading room, please. Have a great day.
  • #18,925
  • Jan 17, 2013 1:07am Jan 17, 2013 1:07am
I know I am not a contributor to you room. That is largely because I don't know how you guys trade and need to keep my trading simple anyway. Am curious, however. Your decision is prob a good one because Skype rooms can get distracting. However, if the posts are strictly on topic and chat is kept out of the room (pm is good, or a separate room is a good idea). As far as posting in Skype, Jing is excellent for this. Just me (too late) 5c worth.
btw, a central description of how you trade would be very useful to new interested parties like me, whether it be here or in a Skype room.
  • #18,926
  • Jan 17, 2013 1:22am Jan 17, 2013 1:22am
My EurJpy swing trade yesterday was finally stopped at break even plus +2pips. But I had already taken some positions off the table twice at 118.00 for 60pips + 60pips respectively. Re - entered the swing again today. Same conditions. Same setup. Some postions have already been closed at BRN 118.500 for 66pips. Protective stop now at break even on the remaining positions. Expecting some retracements, then look for trigger to add more positions. My Initial stops are typically larger now due to the swing nature of the trades, so I offset by reducing trade size per position. True risk is in faulty logic.
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  • #18,927
  • Jan 17, 2013 1:28am Jan 17, 2013 1:28am
Thanks for the udate emmanuel,

I respect your wishes and it seems a reasonable solution.

No one has put more into this thread in the last few months than yourself so I hope that you will stay and contribute here, and help hold nwbies to the tenet of the system lol

I'll still be here :-)
P
Quoting emmanuel7788
Live Trading Room decision:










[size=3][font=Verdana]Thankyou to the following members - Vantage, jordfx, fxdivergence and peetee09 foryour responses to this suggestion.

Based on these responses and the fact that very few members here responded, my decision has been made simple.

[font=Verdana][size=3]After giving it more thought, I will open my existing live trading chat room to the few who earlier made this suggestion to me and I...
  • #18,928
  • Jan 17, 2013 1:32am Jan 17, 2013 1:32am
standard entry.
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  • #18,929
  • Jan 17, 2013 1:33am Jan 17, 2013 1:33am
EUR hourly

looks like a setup to me,

pa broke above BRN, 10MA on 4 hr and 10MA and 50MA. Waiting for a pullback. watching pa there. test of 10M 4hr of BRN would be nice!

P
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  • #18,930
  • Jan 17, 2013 1:38am Jan 17, 2013 1:38am
same entry in EU.
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  • #18,931
  • Jan 17, 2013 1:49am Jan 17, 2013 1:49am
CT entry in AU/ 1.0500
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  • #18,932
  • Jan 17, 2013 1:53am Jan 17, 2013 1:53am
NU Trade closed -12pips

Now back to waiting ... for US session, key data release later.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,933
  • Jan 17, 2013 1:58am Jan 17, 2013 1:58am
AJ, same.
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  • #18,934
  • Jan 17, 2013 2:00am Jan 17, 2013 2:00am
Update on my EJ swing trade. Some more positions closed at next BRN for +108pips.
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  • #18,935
  • Jan 17, 2013 2:01am Jan 17, 2013 2:01am
Aren

I don't think your fib is correct. It's upside down and the impulse isn't a valid wave it's just in congestion! just imo :-)

P

Quoting aren
same entry in EU.
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  • #18,936
  • Jan 17, 2013 2:03am Jan 17, 2013 2:03am
NU, same here.
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  • #18,937
  • Jan 17, 2013 2:09am Jan 17, 2013 2:09am
Quoting aren
NU, same here.
I think you should think about the D yesterday, it'll give your good view on 10ema D1.(:
  • #18,938
  • Jan 17, 2013 2:48am Jan 17, 2013 2:48am
Further EJ swing trade update. More positions closed at Next BRN 119.500 for 145pips; Protective Stop now moved to 118.500 on all remaining positions.
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  • #18,939
  • Jan 17, 2013 3:20am Jan 17, 2013 3:20am
be aware of trading betwenn 800 and 200ema, Arjun told us. Its not easy because of probable bounce, so becareful on NU.Let it for the big guy like Emmanu.
  • #18,940
  • Jan 17, 2013 3:39am Jan 17, 2013 3:39am
Hello everyone, been reading this thread from the beginning for past 3 weeks and finding it very interesting. Ive been demo trading past 2 years on US stocks and futures using various techniques and platforms but mainly using technical analysis and price action. After stumbling across this thread thanks to LE1, im now hooked to this very simple system.
Its great that this thread is still going with dedicated members helping each other out, im sure LE1 would be very happy at such a successful thread. Im here to help and to learn, i wouldnt class myself as a newbie but im certainly not an expert,
Ill be posting charts for comments and to do my thing for a wonderful thread.
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By failing to prepare, you are preparing to fail - Benjamin Franklin
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