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Another simple system - Time-Frame 15

  • #19,581
  • Feb 5, 2013 4:41am Feb 5, 2013 4:41am
Quoting fxrobinhhood
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.

Attachment

Attachment
Something you should have payed attention besides the system rules...
Yesterday: Asia sell, London sell, ny sell...
Today: Asia sell again... Do you think London would have been interested in selling at this point?
  • #19,582
  • Feb 5, 2013 5:13am Feb 5, 2013 5:13am
Quoting pkimnyc
Something you should have payed attention besides the system rules...
Yesterday: Asia sell, London sell, ny sell...
Today: Asia sell again... Do you think London would have been interested in selling at this point?
very clear explanation brother pkimnyc, sometimes we forget the logic ...
  • #19,583
  • Feb 5, 2013 5:27am Feb 5, 2013 5:27am
Quoting jordfx
Unfortunately just noticed it didn't even show up on the TDI. But here it is on MACD.
2 trades in that setup alone tonight. Bagged about 90 full pips. Smaller tf was a beauty.
  • #19,584
  • Feb 5, 2013 5:30am Feb 5, 2013 5:30am
Quoting pkimnyc
2 trades in that setup alone tonight. Bagged about 90 full pips. Smaller tf was a beauty.
Couldn't resist eh?
  • #19,585
  • Feb 5, 2013 5:31am Feb 5, 2013 5:31am
Quoting jordfx
Couldn't resist eh?
Not when you see a solid ones.
  • #19,586
  • Feb 5, 2013 5:39am Feb 5, 2013 5:39am
TDI was 32 level, if you use Tdi indicator . this level is dangrous for trading, you could to wait for pullback. plz read 1 post again.
Quoting fxrobinhhood
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.

Attachment

Attachment
Persian Gulf forever
  • #19,587
  • Feb 5, 2013 6:37am Feb 5, 2013 6:37am
Ok guys, it looks like we have tsipouro going long an FXRobinhood going short at the same spot !

Thx for posting guys it elps provide a good case study I think.

Tsipouro The pin to the yesetday long is a positive sign but not a big signal on its own, lok for confluence. If you by at the close of the pin price is still BELOW al the MAs. LE1 almost first rule is 'if below 200MA look for short, if above look for long' keep looking for the BEST simple trades to the rules, once u have those in control then u can look at other types of trade.

FXRobinhood. Good to see you on the path Keep up the discipline and choosing the best trades.
On the surface your looks the better trade, trading down from the MAs and pin back to a MA. Again look for some S/R confluence.

If you had the Yesterday high/ low indicator (that tsipouri has) you would see that you would be selling just ABOVE this and in fact it bounced and went UP taking you out. If you had looked for confluence to support your decision and had the Y/D hi/low you would probably stand aside.

The system would not intially choose this point as an entry (it won't get EVERY one, don't try to force it), in this case might have to wait for a higher correction back and bounce to confirm entry
:-)




quote=tsipouro;6419666]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![/quote]
  • #19,588
  • Feb 5, 2013 6:47am Feb 5, 2013 6:47am
Quoting peetee09
Ok guys, it looks like we have tsipouro going long an FXRobinhood going short at the same spot !

Thx for posting guys it elps provide a good case study I think.

Tsipouro The pin to the yesetday long is a positive sign but not a big signal on its own, lok for confluence. If you by at the close of the pin price is still BELOW al the MAs. LE1 almost first rule is 'if below 200MA look for short, if above look for long' keep looking for the BEST simple trades to the rules, once u have those in control then u can look at other types...
[/quote]

Thank you very much for your reply. Your guidance is more than just welcome.

I'd like to add that also took into serious consideration the fact that it (almost) bounced from ADR Low as well.

To sum up, and knowing that I've also added the 50EMA as well, which is the simplest and most vital rule for adding a long/short position according to 10/50/200/800EMA?

P.S.: Is there any guide/PDF concerning ADR?
  • #19,589
  • Feb 5, 2013 7:05am Feb 5, 2013 7:05am
Quoting pkimnyc
Something you should have payed attention besides the system rules...
Yesterday: Asia sell, London sell, ny sell...
Today: Asia sell again... Do you think London would have been interested in selling at this point?
yes buddy, you are right. every movement has a correction. thnx
  • #19,590
  • Feb 5, 2013 7:07am Feb 5, 2013 7:07am
Quoting parsfx
TDI was 32 level, if you use Tdi indicator . this level is dangrous for trading, you could to wait for pullback. plz read 1 post again.
yes, buddy. you are right. gonna review all the important posts after I get some discipline. thnx
  • #19,591
  • Feb 5, 2013 7:18am Feb 5, 2013 7:18am
Quoting peetee09
Ok guys, it looks like we have tsipouro going long an FXRobinhood going short at the same spot !

Thx for posting guys it elps provide a good case study I think.

Tsipouro The pin to the yesetday long is a positive sign but not a big signal on its own, lok for confluence. If you by at the close of the pin price is still BELOW al the MAs. LE1 almost first rule is 'if below 200MA look for short, if above look for long' keep looking for the BEST simple trades to the rules, once u have those in control then u can look at other types...
[/quote]

Thanks fo ryou comments.
I do not have that indic but I draw YH YC YO YC manually on another meta4 platform. I think the problem is the have different sever time. i guess I should use a similiar or same broker.
BTW, are you refering to tsipouro EJ ?
  • #19,592
  • Feb 5, 2013 7:47am Feb 5, 2013 7:47am
Quoting fxrobinhhood
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.

Attachment

Attachment
Dear Fxrobinhhood,
Please wait for this kind of setup. You don't need more than 15pip SL. This is what Master Arjun call "a classical basic confirmed and safe setup".
We know it will not happen everyday but that's the game of patience. I wish I have enough patience to wait for just only this kind of setups.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1 5.2.2013.gif Size: 29 KB
Accept as it is being!
  • #19,593
  • Feb 5, 2013 7:48am Feb 5, 2013 7:48am
Quoting peetee09
Ok guys, it looks like we have tsipouro going long an FXRobinhood going short at the same spot !

If you had the Yesterday high/ low indicator (that tsipouri has) you would see that you would be selling just ABOVE this and in fact it bounced and went UP taking you out. If you had looked for confluence to support your decision and had the Y/D hi/low you would probably stand aside.

Thank you!
One more question

I just checked the YL and YC on my EU but the PA was well below yesterday low and yesterday close. Is it sth wrong cuz of the broker time or I am mistaken? (YL=1.3504 and my Ep at 1.3478)

Here is this morning chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 6-EU.png Size: 42 KB
  • #19,594
  • Feb 5, 2013 7:54am Feb 5, 2013 7:54am
Quoting Vnfx
Dear Fxrobinhhood,
Please wait for this kind of setup. You don't need more than 15pip SL. This is what Master Arjun call "a classical basic confirmed and safe setup".
We know it will not happen everyday but that's the game of patience. I wish I have enough patience to wait for just only this kind of setups.
Dear Vnfx,
Thanks for the chart and the help. Would u please help me 2 with 2 things?
first, if we consider this a classical setup, what about being between 200 ema and 800 ema?

second, where would you exacyly enter with 15 pips sl?

BTW, I'm in the same trade and I will upload my chart shortly.
  • #19,595
  • Feb 5, 2013 8:11am Feb 5, 2013 8:11am
Quoting fxrobinhhood
Dear Vnfx,
Thanks for the chart and the help. Would u please help me 2 with 2 things?
first, if we consider this a classical setup, what about being between 200 ema and 800 ema?

second, where would you exacyly enter with 15 pips sl?

BTW, I'm in the same trade and I will upload my chart shortly.
That's a good question. Below is my clarification. Senior members, Please kindly correct me if I'm wrong.

1. About the distance between 200EMA and 800EMA. Honestly, when I jump in I have not noticed this factor. But anyway, it's nearly 50pips and more important is the entry point allow us having more than enough for 20pips. It's very close to the RN & 200EMA while the 800EMA is near to the next lower RN. In addition, the 800EMA seems not to be respected during Assian session.
2. My entry point is the close of the Pinbar rejected 200EMA and also RN and closed below 10EMA. You can see it in the chart. My mental SL is a few pips above that Arjun Candle. My hard SL is 20pips as normal.

Cheers.

PS. I've decided to remove TDI because I don't know how to use it effectively.
Accept as it is being!
  • #19,596
  • Feb 5, 2013 8:14am Feb 5, 2013 8:14am
Alright here are my trades this NO.

First my failed GA.
I took a buy on GA just 1 candle before NO.
Reason=
GA seems on an uptrend
It has rallied from LO, hit the ADR high and passed. It is common for GA to pass much above or below teh range, as I ve noticed.
There was a pull back to 61.8 fibo before newyork open.
It conitued up, closed above 10 ema before NO. All ema were lining up so I entered just at that time.
but it failed.
I do not see the reason why.
Can somebody help? I appreciate seniors commments as always.
BTW, TDI was above BL and not in 68 zone.

Attached Image (click to enlarge)
Click to Enlarge Name: 8-GA.png Size: 33 KB
  • #19,597
  • Feb 5, 2013 8:19am Feb 5, 2013 8:19am
If we have patient, Pips comes to us.
Attached Image (click to enlarge)
Click to Enlarge Name: eu25.gif Size: 250 KB
Persian Gulf forever
  • #19,598
  • Feb 5, 2013 8:22am Feb 5, 2013 8:22am
Quoting Vnfx
That's a good question. Below is my clarification. Senior members, Please kindly correct me if I'm wrong.

1. About the distance between 200EMA and 800EMA. Honestly, when I jump in I have not noticed this factor. But anyway, it's nearly 50pips and more important is the entry point allow us having more than enough for 20pips. It's very close to the RN & 200EMA while the 800EMA is near to the next lower RN. In addition, the 800EMA seems not to be respected during Assian session.
2. My entry point is the close of the Pinbar rejected 200EMA and also...
Thanks buddy. Your comments is very helpful and valuable to me.

1. I thought that was taken now but glad to learn 800 is not well respected in asian session. My current chart looks the same. will upload shortly. I was waiting to move to BE.

2. So u mean you get in for 20 pips with a sl of 20 as well? or did Tp was more and you just closed it?

sorry for my dummy Q
  • #19,599
  • Feb 5, 2013 8:24am Feb 5, 2013 8:24am
Quoting parsfx
If we have patient, Pips comes to us.
very nice trade bro. I always have problem with TP as well. neat and safe.
  • #19,600
  • Feb 5, 2013 8:26am Feb 5, 2013 8:26am
Quoting parsfx
If we have patient, Pips comes to us.

http://www.forexfactory.com/attachme...1&d=1360073952

Good trade.
You use the TDI divergence very well to support this trade setup.
Always be patient when the TDI PL goes out of the VB and re-enters the VB... look for PA continue to rise but the TDI PL does not rise in tandem. Wait for divergence condition and PA to cross the 10EMA.

I LIKE .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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