Another simple system - Time-Frame 15 | Page 956 | Forex Factory

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Another simple system - Time-Frame 15

  • #19,101
  • Jan 21, 2013 4:34am Jan 21, 2013 4:34am
LE1 Time-Frame 15

Learning #1

First up, Read LoveEvery1 (LE1) first posts on the thread. read until KNOW what he is proposing. It may be easier JUST to read LE1 posts (50 pages? whatever it taks)

A few things to note:

  1. The indicators and template you need are on the first page. (there are more tools that can be added at a later date)
  2. Heiken ashi is virtually NEVER used or discussed in this thread so if you don't know it you don't need it
  3. While the TDI indicator was originally an important part of the system it is rarely used now. It is a lagging indicator and the group including LE1 has moved on from that. It can be used to assist in divergence and in determining channel ponts (see some of emmanuel's work) but you do NOT NEED it now so do not focus on it. It would be very good to understand it but it is no longer essential to the system.
  4. The moving averages, pa, candle formations, S/R are key
  5. You need to read LE1 and learn and INTERNALISE that key to successful trading is also MONEY MANAGEMENT, PSYCHOLOGY OF TRADING (in-the-zone, giving not taking, not greed etc), DISCIPLINE, DISCIPLINE, DISCIPLINE

We will stay on this for a week before the next page :-)

  • #19,102
  • Jan 21, 2013 4:46am Jan 21, 2013 4:46am
Have been watching EU aswell, i thought id may push through the 200ema due to the bullish strength so almost sat on the sidelines and watched, placed a tight stop above the just the 200ema.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.JPG Size: 116 KB
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #19,103
  • Jan 21, 2013 4:50am Jan 21, 2013 4:50am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Quoting emmanuel7788
EU 21 Jan

New traders to this method, can take a look at EU now.
Is there anything which is not in full agreement for you to take a trade now.
Hi Emmanuel
200 ema too near in a ranging mk.
and a support trendline.
  • #19,104
  • Jan 21, 2013 5:05am Jan 21, 2013 5:05am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Quoting Hcp
Hi Emmanuel
200 ema too near in a ranging mk.
and a support trendline.
The chart :
Attached Image
  • #19,105
  • Jan 21, 2013 5:19am Jan 21, 2013 5:19am
Quoting Helee
Hi Emmanuel778,

No, it did not run in the strategy tester, but noticed it comes in today after initializing FF, and how to remove it case dont want to test it again???
thx

Hi Helle,

well, it did run using the MT4 Strategy Tester. Quite useful for back-testing to learn.

To remove the EA from your chart, follow the instruction attached below.

Also you should read the User Manual under the help Menu

regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MT4 Remove EA from chart.png Size: 49 KB
Click to Enlarge Name: MT4 Expert Advisor.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,106
  • Jan 21, 2013 5:23am Jan 21, 2013 5:23am
Thank you

Quoting loveevery1
PLEASE DO NOT COPY ANYTHING FROM THIS THREAD.ITS COPYRIGHT.PLEASE WRITE TO ME IF YOU NEED ANY ASSITANCE AND YOU CANNOT DO ANYTHING WITHOUT MY CONSENT.

STAY BLESSED.BY THE WAY THIS IS THE FIRST UPDATE TO THE 1ST POST.STAY BLESSED EVERYONE

Hello Folks

After a long wait...i finally introduce you to a new method.This is proven to be 80 percent profitable for me.

About Me: I have been trading forex for over 2 years now.Before the forex market i was trading stocks for a while.but forex was more...
  • #19,107
  • Jan 21, 2013 6:12am Jan 21, 2013 6:12am
Quoting emmanuel7788
EU 21 Jan

New traders to this method, can take a look at EU now.
Is there anything which is not in full agreement for you to take a trade now.
Hi,

Thank you to those who replied to this.
We all have some same view and some different ones too.
But the exercise when we start every day is the same. See attached.
What I saw was D and H4 is not in agreement.
Therefore we must be careful when we take any trade today.
Also US Bank holidays may cause lower liquidity, so who are trading ? your brokers or the SM?
Who do you look to trade with?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Doing It Right.png Size: 290 KB
Click to Enlarge Name: EU 21 Jan example 21-1-2013 7-28-38 PM.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,108
  • Jan 21, 2013 6:23am Jan 21, 2013 6:23am
Hi Emmanuel!

I would like to ask why is it a Risk now when the EU Daily P is above the 10EMA?
Thank you!
Quoting emmanuel7788
EU 21 Jan

New traders to this method, can take a look at EU now.
Is there anything which is not in full agreement for you to take a trade now.
  • #19,109
  • Jan 21, 2013 6:34am Jan 21, 2013 6:34am
Quoting TakeUrPills
Hi Emmanuel!

I would like to ask why is it a Risk now when the EU Daily P is above the 10EMA?
Thank you!
Can see is over 10EMA still 25 minutes to close candel...
JacekPreserve Precious Capital
  • #19,110
  • Jan 21, 2013 6:54am Jan 21, 2013 6:54am
I am in this trade. But NY open in five minutes...

Update : stopped out -3 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 21-01-2013 13-47-45.png Size: 42 KB
  • #19,111
  • Jan 21, 2013 7:08am Jan 21, 2013 7:08am
Quoting peetee09
LE1 Time-Frame 15

Learning #1

First up, Read LoveEvery1 (LE1) first posts on the thread. read until KNOW what he is proposing. It may be easier JUST to read LE1 posts (50 pages? whatever it taks)

A few things to note:[list=1][*]The indicators and template you need are on the first page. (there are more tools that can be added at a later date)[*]Heiken ashi is virtually NEVER used or discussed in this thread so if you don't know it you don't need it[*]While the TDI...

Thank you for your dedication to this thread. It is really helpful for all newbies (including me). I am always gratefull to all the people that make this thread wonderful.

I am looking forward to seeing Lession #2 from you.

Regards,
Sharincarin
  • #19,112
  • Jan 21, 2013 7:31am Jan 21, 2013 7:31am
Quoting TiouK
I am in this trade. But NY open in five minutes...

Update : stopped out -3 pips.
Us bank holiday today.
  • #19,113
  • Jan 21, 2013 7:41am Jan 21, 2013 7:41am
Quoting pkimnyc
Us bank holiday today.
Thank you for reminding me
  • #19,114
  • Jan 21, 2013 7:46am Jan 21, 2013 7:46am
Quoting karolisl
good luck http://www.myfxbook.com/members/karolisl/manual/454328
tsk... already?...

So much for simplicity and stupidity....
Attached Image (click to enlarge)
Click to Enlarge Name: karol.png Size: 41 KB
  • #19,115
  • Jan 21, 2013 7:55am Jan 21, 2013 7:55am
Quoting emmanuel7788
Hi,

Thank you to those who replied to this.
We all have some same view and some different ones too.
But the exercise when we start every day is the same. See attached.
What I saw was D and H4 is not in agreement.
Therefore we must be careful when we take any trade today.
Also US Bank holidays may cause lower liquidity, so who are trading ? your brokers or the SM?
Who do you look to trade with?
Dear Emmanuel,
thank you to keep on posting here
and to reminding us the simple Arjun's rules, because sometimes we tend to forget and complicate...

Big thank you brother !!


peace
dom
  • #19,116
  • Jan 21, 2013 7:57am Jan 21, 2013 7:57am
Quoting pkimnyc
tsk... already?...

So much for simplicity and stupidity....

  • #19,117
  • Jan 21, 2013 10:09am Jan 21, 2013 10:09am
Quoting emmanuel7788
EU 21 Jan

New traders to this method, can take a look at EU now.
Is there anything which is not in full agreement for you to take a trade now.
Hi Emmanuel778.

I think, besides being in between both 200 and 800 EMA, the market is ranging and in line with the usa public holiday, makes it difficult and very risky to trade eu today.

thx
helee
  • #19,118
  • Jan 21, 2013 10:17am Jan 21, 2013 10:17am
Quoting emmanuel7788
Hi Helle,

well, it did run using the MT4 Strategy Tester. Quite useful for back-testing to learn.

To remove the EA from your chart, follow the instruction attached below.

Also you should read the User Manual under the help Menu

regards,
Thx Emmanuel778,

I am an IT guy, but dont know much about this app. I still have to test this with back testing.
  • #19,119
  • Jan 21, 2013 1:09pm Jan 21, 2013 1:09pm
PEETEE9...thanks for the messsage, I will keep on reading and hope to get on track.

Cheers, Steve d
  • #19,120
  • Jan 21, 2013 3:33pm Jan 21, 2013 3:33pm
I tried using LFH_Trading_Simulator as LE1 and Pat Chicko's post earlier in the thread. I can not get it to load between specific dates, if i untick the 'use date' it loads to 4dec 2012 only, but id like to back test a few years ago. anyone had same problems?
By failing to prepare, you are preparing to fail - Benjamin Franklin
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