Another simple system - Time-Frame 15 | Page 979 | 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

  • #19,561
  • Feb 4, 2013 7:27am Feb 4, 2013 7:27am
Quoting Vnfx
Dear Fxrobinhhood,
Good to know that you commit yourself with LE1's method. If you are newbie, please only focus on basic setups (trade way from 200EMA) with confirmations by Arjun candle, TDI, RN, TL, Fib, PPA, major S/R, etc (the more confluence, the higher probability) until you master it (consistently profitable).
About your chart, I don't trade USD/CHF so I have no idea but on the EU chart I see you took a CT trade which are very risky (my viewpoint only) unless you have your consistent logics.

If you have a look at my journal you will notice...
Hi vnfx

I appreciate your comments and valuable advice. I certaily try to consider working on AC.

Of course as I said, I notice my lack of discipline and MM has been my major reason of failure. I have been able to increase balance to 4 x and another one to 8 X but blew them up in a few days.

BTW, I am a newbie or as we call it in our profession a false beginner. My 3 years inconsistent and random reading and trading doesnt count much. I guess I have strated learning a bit about it since 6 month ago.


thanks again
  • #19,562
  • Feb 4, 2013 9:35am Feb 4, 2013 9:35am
Quoting emmanuel7788
You only need to use the same one 10EMA on all TFs - D, H4, H1 and M15.... and learn Price Action and apply that.
So easy to say but there are so much you must know. Don't overload yourself with too much information.

Remember the story of the Trutles traders?
They started with only 1 moving average, then 2 .. that is the simplicity in trading system. What made money for them?
Read this short story.

But, do you know that they also lost money after years of huge success.

Thanks emannuel.

Very interesting. Both the story of Richard Dennis turtles and the rules they used. The most important lesson I learned was discipline and that is why I m gonna work on this above all.
  • #19,563
  • Feb 4, 2013 9:52am Feb 4, 2013 9:52am
Yen

Here's something to keep in mind when trading any of the Yen crosses. Basically, Dennis Gartman is a respected market analyst and he gives fundamental reasons for his view of a further weakening in Yen. Possibly 150 against the dollar in the near future.

http://finance.yahoo.com/news/gartma...115947446.html

Make up your own mind.
  • #19,564
  • Feb 4, 2013 1:42pm Feb 4, 2013 1:42pm
Hello everyone.
I downloaded a tpl from the 1st page. But with stock settings TDI has only two lines: red and green. What is the buffer must be yellow ?

PS sorry for my english

My chart
http://storage5.static.itmages.ru/i/...0a48d38b0.jpeg

TDI Buffers
http://storage6.static.itmages.ru/i/...35952fe04c.png
  • #19,565
  • Feb 4, 2013 2:40pm Feb 4, 2013 2:40pm
See this post: http://www.forexfactory.com/showthre...29#post6404829
  • #19,566
  • Feb 4, 2013 3:08pm Feb 4, 2013 3:08pm
Quoting emmanuel7788
Trade Management:

Many traders struggles with open trades and have to fight the beast inside ... the fear and the greed factors always difficult to deall with.
My way to deal with my beast is to let trade manager do my job and I live my live doing other things like writing and posting in forums.

Here is an example of my EJ trade taken when NYO and I went to bed. The MPTM EA trade manager will move my stops for me.
Use of Jumping Stop is a nice feature when market is trending .
Hi emmanuel,

Does this EA handle multi postions?If yes do you mind to share it please?

I have one script which take my SL to BE but only for 1 positon so if I am in with 2 positions the other one is vonerable.

Thanks
Mike
Failure, is a wonderful teacher!
  • #19,567
  • Feb 4, 2013 4:32pm Feb 4, 2013 4:32pm
Multi Purpose Trade Manager MPTM

Quoting mike1349
Hi emmanuel,

Does this EA handle multi postions?If yes do you mind to share it please?

I have one script which take my SL to BE but only for 1 positon so if I am in with 2 positions the other one is vonerable.

Thanks
Mike

Hi Mike,

Yes, MPTM handles multiple positions as a basket of trades. Beside there are other good features for mutli-currency trading.

here is the link where it shared.
http://www.forexfactory.com/showthre...99#post2029899
details are in that thread...post#1.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,568
  • Feb 4, 2013 4:43pm Feb 4, 2013 4:43pm
Quoting emmanuel7788
Multi Purpose Trade Manager MPTM




Hi Mike,

Yes, MPTM handles multiple positions as a basket of trades. Beside there are other good features for mutli-currency trading.

here is the link where it shared.
http://www.forexfactory.com/showthre...99#post2029899
details are in that thread...post#1.

regards,
Thanks
Failure, is a wonderful teacher!
  • #19,569
  • Feb 5, 2013 2:53am Feb 5, 2013 2:53am
hi all !

nice CT on EU at London open
+33

I think i could let it run but i prefer to trade safe for the moment, because i'm a newbie and i still learning to master my impatience and my greed
Take care guys !
dom


ps: I remind you that this kind of trade is not recommended for newbies, please keep trading away from 200 ema
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15_2.png Size: 2 KB
Attached Image
  • #19,570
  • Feb 5, 2013 3:11am Feb 5, 2013 3:11am
Is this a valid entry? Is the following reason enough to place a buy?

Candle "pierces" yesterday's low but closes above it forming a long lower wick. BUY at the close of it.

Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-02-05 at 11.08.02 AM.png Size: 42 KB
  • #19,571
  • Feb 5, 2013 3:39am Feb 5, 2013 3:39am
Quoting tsipouro
Is this a valid entry? Is the following reason enough to place a buy?

Candle "pierces" yesterday's low but closes above it forming a long lower wick. BUY at the close of it.

Thank you!
in my view, that level is a support level to look for buy entry.
CONFLUENCE of RN, PrevD Low and Prev W Fibr-r 50%... tested and re-test
and TDI H1 bullish Divergence
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,572
  • Feb 5, 2013 3:41am Feb 5, 2013 3:41am
Quoting emmanuel7788
in my view, that level is a support level to look for buy entry.
CONFLUENCE of RN, PrevD Low and Prev W Fibr-r 50%... tested and re-test
and TDI H1 bullish Divergence
Thank you! :-)
  • #19,573
  • Feb 5, 2013 3:45am Feb 5, 2013 3:45am
Quoting tsipouro
Is this a valid entry? Is the following reason enough to place a buy?

Candle "pierces" yesterday's low but closes above it forming a long lower wick. BUY at the close of it.

Thank you!
Mrs V was looking very closely at that one as we were expecting ej to return to the bigger pic trend. Reasons to consider 4hr hammer 2 candles earlier. Big wick suggesting buyers definitely interested at those levels, 1hr doji rejecting the move lower.

She chickened out/paused too long and off it went.

She did get the GU 1.5757 15 min higher low little/no wick in direction of trade, out at RN. Not quite the same pips but a very solid trade.
  • #19,574
  • Feb 5, 2013 3:48am Feb 5, 2013 3:48am
EurJpy. Entered late actually after spotting the divergence on H4, H1 and M15. But decided to wait for a confirming signal with Momentum shift using MACD. (hint: you can use TDI as per thread rules ). Already took a 90pip short from asia session at 125.000 thro to London divergence at 124.000.
Added another buy entry at 125.000. stop already at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 40 KB
  • #19,575
  • Feb 5, 2013 3:51am Feb 5, 2013 3:51am
Quoting Vantage
Mrs V was looking very closely at that one as we were expecting ej to return to the bigger pic trend. Reasons to consider 4hr hammer 2 candles earlier. Big wick suggesting buyers definitely interested at those levels, 1hr doji rejecting the move lower.

She chickened out/paused too long and off it went.

She did get the GU 1.5757 15 min higher low little/no wick in direction of trade, out at RN. Not quite the same pips but a very solid trade.
Chickened out as well.
  • #19,576
  • Feb 5, 2013 3:56am Feb 5, 2013 3:56am
waiting for sell...
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 37 KB
Persian Gulf forever
  • #19,577
  • Feb 5, 2013 4:20am Feb 5, 2013 4:20am
Quoting parsfx
waiting for sell...
careful with the LL - HL Divergence on the TDI. Especially considering it's showing up at the 50 - 61.8 fib retrace of the previous bull rally.
  • #19,578
  • Feb 5, 2013 4:29am Feb 5, 2013 4:29am
Quoting jordfx
careful with the LL - HL Divergence on the TDI. Especially considering it's showing up at the 50 - 61.8 fib retrace of the previous bull rally.
Cannot see it - could you show it on a chart? Thank you
  • #19,579
  • Feb 5, 2013 4:32am Feb 5, 2013 4:32am
My failed trades today at London Open.

Perhaps bad entries. Haven't analysed it yet but the worst part is violating my disciplinary rules.
Once you do not follow discipline, it is very easy to lose.
Here are my trades.
EU sell = - 28 pips (initial sl was 16 pips)
GU sell = - 18 pips (initial sl was 15)
Gu sell reentry = - 15 pips

No more trades till NO as I ve failed.

Attached Image (click to enlarge)
Click to Enlarge Name: 6-EU.png Size: 35 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 7-GU.png Size: 40 KB
  • #19,580
  • Feb 5, 2013 4:36am Feb 5, 2013 4:36am
Quoting MidnightRun
Cannot see it - could you show it on a chart? Thank you
Unfortunately just noticed it didn't even show up on the TDI. But here it is on MACD.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
11 traders viewing now