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Another simple system - Time-Frame 15

  • #19,201
  • Jan 24, 2013 2:15am Jan 24, 2013 2:15am
Quoting jordfx
EJ CT Scalp trade closed for 43pips(x 2 positions)...still expect closing price to be higher than opening price today... and red news in 24mins.
Nice trade,my friend!Congratulate!
  • #19,202
  • Jan 24, 2013 5:59am Jan 24, 2013 5:59am
Hi,
very quiet day, very few posts.

Here is my AU trade taken when LO.
Basic Setup
Small SL 14pips
TP1 +14pips
Trade now BE protected and wait for NYO.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 24 Jan trade LO 24-1-2013 7-52-39 PM.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,203
  • Jan 24, 2013 6:16am Jan 24, 2013 6:16am
Quoting jordfx
Very lovely trade my friend. You're nailing it! Had my chart analysis all ready for that trade but missed because I don't usually trade Asia session. Was sleeping at the time. Woke up and saw the bus had already left. Congratulations!!!

congrats on the pips made.

but, you guys are posting your own charts and diverging away from the method discussed on this thread.
  • #19,204
  • Jan 24, 2013 6:52am Jan 24, 2013 6:52am
AU Trade closed before NYO.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 24 Jan trade closed 24-1-2013 8-48-25 PM.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,205
  • Jan 24, 2013 7:19am Jan 24, 2013 7:19am
EJ scalp trade. Multiple positions entered. Up 40pips so far.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 38 KB
  • #19,206
  • Jan 24, 2013 7:55am Jan 24, 2013 7:55am
just lost 20 pips on cable.
  • #19,207
  • Jan 24, 2013 8:12am Jan 24, 2013 8:12am
EJ scalp trade update. All positions closed manually for 66pips at 120.000
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 33 KB
  • #19,208
  • Jan 24, 2013 8:19am Jan 24, 2013 8:19am
Quoting whatfx
congrats on the pips made.

but, you guys are posting your own charts and diverging away from the method discussed on this thread.
You think so???? Check Daily TF, Check price in relation to 10,50,200 and 800 emas. Then check 4Htf for the same thing. You'll then see how we form bias for the days trades. We then simply go down to 15MTF and cook the trade according to taste. That means looking for the best 'high' price to sell or the best 'low' price to buy. Some of our entries are very aggresive based on strong LOGIC. But newbies have been told how to take safer entries above 10ema. How is that "...posting your own charts and diverging away from the method discussed on this thread"????
Attached Image (click to enlarge)
Click to Enlarge Name: What_I_Do.png Size: 108 KB
  • #19,209
  • Jan 24, 2013 8:26am Jan 24, 2013 8:26am
Quoting whatfx
congrats on the pips made.

but, you guys are posting your own charts and diverging away from the method discussed on this thread.
...moreover if you would only post your own charts and the trades you've taken, there are so many helpful experienced traders here to help straight out any mistakes you make and whatever is not clear. You can't hope to stay in the background watching and quiet and hope to learn anything. It doesn't work that way. Truth be told, posting our charts also help even those of us making some pips to further improve on our trading. Bottom-line....POST YOUR CHARTS!!!
  • #19,210
  • Jan 24, 2013 8:46am Jan 24, 2013 8:46am
Quoting pkimnyc
just lost 20 pips on cable.

....kinda hard to believe! Encouraging for newbies though eh?
  • #19,211
  • Jan 24, 2013 8:50am Jan 24, 2013 8:50am
Quoting jordfx
....kinda hard to believe! Encouraging for newbies though eh?
shit happens. i just read it wrong. that's all. newbies or not. no matter how experienced we are, we all take losses.

important thing is... what do you do next?

do you take revenge hoping to recover the loss? or wait for next opportunity?
  • #19,212
  • Jan 24, 2013 9:41am Jan 24, 2013 9:41am
EURAUD 24 Jan Trade

Another trade taken today intended short swing trade on H4 on weaker Aussie. Trade entry in M15.
Setup on M15 was a nice 3-bar bullish CS pattern well supported with Prev W fib and Prev D High confluence with 50 EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: EA 24 Jan trade 24-1-2013 11-30-15 PM.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,213
  • Jan 24, 2013 9:45am Jan 24, 2013 9:45am
Quoting pkimnyc
shit happens. i just read it wrong. that's all. newbies or not. no matter how experienced we are, we all take losses.

important thing is... what do you do next?

do you take revenge hoping to recover the loss? or wait for next opportunity?
  • #19,214
  • Jan 24, 2013 9:47am Jan 24, 2013 9:47am
Quoting whatfx
congrats on the pips made.

but, you guys are posting your own charts and diverging away from the method discussed on this thread.
Here you go. Everything broken down to bits for you. Enjoy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
Click to Enlarge Name: 2.gif Size: 21 KB
Click to Enlarge Name: 3.gif Size: 26 KB
  • #19,215
  • Jan 24, 2013 9:53am Jan 24, 2013 9:53am
Quoting jordfx
Here you go. Everything broken down to bits for you. Enjoy.
picture worth a milion words... Thank You !
JacekPreserve Precious Capital
  • #19,216
  • Jan 24, 2013 10:11am Jan 24, 2013 10:11am
Quoting jordfx
Here you go. Everything broken down to bits for you. Enjoy.
beautiful trade. congrats.
  • #19,217
  • Jan 24, 2013 10:58am Jan 24, 2013 10:58am
Quoting jordfx
Here you go. Everything broken down to bits for you. Enjoy.
did you not wait for the price to close above 10ema on 4 hour chart ? first before looking at 15m.........
  • #19,218
  • Edited 1:42pm Jan 24, 2013 1:15pm | Edited 1:42pm
Quoting whatfx
did you not wait for the price to close above 10ema on 4 hour chart ? first before looking at 15m.........
You guys are so locked into thinking above or below 10 mas...

he caught the earlier entry. that actually is a beautiful one. i'm glad to see that someone grasp the concept of getting in early.
  • #19,219
  • Jan 24, 2013 1:46pm Jan 24, 2013 1:46pm
Quoting jordfx
Here you go. Everything broken down to bits for you. Enjoy.
Hi Jordf,

Thx for you for you post, images are worth more than thousand words.

Tell me, is your 10EMA, 10Smothedclose?? isnt supposed to be EMA??

Thx

Helee
  • #19,220
  • Jan 24, 2013 3:07pm Jan 24, 2013 3:07pm
Quoting Helee
Hi Jordf,

Thx for you for you post, images are worth more than thousand words.

Tell me, is your 10EMA, 10Smothedclose?? isnt supposed to be EMA??

Thx

Helee
Like Pkimnyc said, don't be so locked into your thinking about the EMAs. They're just guides. I personaly use (16, 96, 192 and 960emas) instead of (10, 50, 200 and 800emas) as taught by LE1. But this is just for some academic reasons I don't need to go into here. They are just guides. The principle is the same no matter the ema you use. Just learn to read price action with respect to any given ema and you'll be golden. Price is still always the same in every system.
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