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Another simple system - Time-Frame 15

  • #20,161
  • Mar 7, 2013 4:03am Mar 7, 2013 4:03am
EJ
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  • #20,162
  • Mar 7, 2013 5:46am Mar 7, 2013 5:46am
Quoting emmanuel7788
well, only two of you do not understand.
I will PM you with my answer to that clue.
This red trendline is your stop loss indicator based on ATR, but i don't understand your answer.
  • #20,163
  • Mar 7, 2013 5:52am Mar 7, 2013 5:52am
Quoting Kenshishi
This red trendline is your stop loss indicator based on ATR, but i don't understand your answer.
what does the ATR tell you about the market?

when volatility decreases and the market goes into consolidation, what will traders do?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,164
  • Mar 7, 2013 5:52am Mar 7, 2013 5:52am
Any Hugsies today guys?

Love
Cindyxoxoxo
Time hides Nothing
  • #20,165
  • Mar 7, 2013 5:56am Mar 7, 2013 5:56am
GU nice consolidation ahead of the big news in about 5 mins.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,166
  • Mar 7, 2013 6:02am Mar 7, 2013 6:02am
Quoting emmanuel7788
Are you are scalper, a day trader , swing trader or position trader?

When I first started trading spot forex, I adopted the EOD trading from my days trading the stock trading.
Hi Emmanuel / anyone with an opinion

Hope nobody minds me going slightly off subject here.

I recently watched a webinar presented by someone who trades mostly E-mini futures contracts. (He stated that he had tried various markets in his quest to make a living from trading and his personal preference ended up being the futures markets). His webinar was all about how to trade a small account and obviously relevant to his chosen market, being Futures.

Essentially, he said for him, the key factors in trading a small account were (amongst others i may have missed), a method that:
- presented a lot of opportunities to trade
- had a high winning percentage
- had a low drawdown (smooth increasing equity curve)

If he had these, then he could apply leverage (money management) and increase position size and achieve exponential profit growth.

He stated that he would try to achieve this by using a scalping strategy/strategies and one may have to accept an inverse R/R ratio if you had a strategy with a very high winning percentage. (For example, risking 2% (say $200 for $10 or $20 but doing it often).

On the FF threads, i've often seen members recommend trading higher TF's because setups/indicators may be more reliable and it results in less stress. I've come to believe that trading the higher TF's is safer.

Given what the trader thought about scalping, do you think scalping (for very small pips) is paradoxically less risky if one has many opportunities and a high winning percentage?

Axiom
  • #20,167
  • Mar 7, 2013 7:00am Mar 7, 2013 7:00am
Quoting Axiom
Hi Emmanuel / anyone with an opinion

Hope nobody minds me going slightly off subject here.

I recently watched a webinar presented by someone who trades mostly E-mini futures contracts. (He stated that he had tried various markets in his quest to make a living from trading and his personal preference ended up being the futures markets). His webinar was all about how to trade a small account and obviously relevant to his chosen market, being Futures.

Essentially, he said for him, the key factors in trading a small account were (amongst...
Hi Axiom,

E-mini futures and spot forex are two very different markets. The liquidity and leverage are very different.
I am sure that trader made it work for him.

But scalping spot forex requires high win rate and the spread often come into play therefore we need to consider which pair to scalp. The inverse RR is something which does not suit my risk averse character.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,168
  • Mar 7, 2013 7:05am Mar 7, 2013 7:05am
.
Quoting emmanuel7788
what does the ATR tell you about the market?

when volatility decreases and the market goes into consolidation, what will traders do?
Thank you Emmanuel,

The ATR measures the market volatility. So if volatility decreases and market goes into consolidation, traders will close their orders.
  • #20,169
  • Mar 7, 2013 7:10am Mar 7, 2013 7:10am
newbie's pure luck... nothing else, I am afraid
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JacekPreserve Precious Capital
  • #20,170
  • Mar 7, 2013 7:18am Mar 7, 2013 7:18am
Quoting Jackub
newbie's pure luck... nothing else, I am afraid
I have Previous Week' Low as support + Double Bottom + Pop Gun when this is CONFLUENCE with your pure luck! BOOM! Rocket Man
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,171
  • Mar 7, 2013 7:27am Mar 7, 2013 7:27am
Quoting emmanuel7788
what does the ATR tell you about the market?

when volatility decreases and the market goes into consolidation, what will traders do?
Here's my opinion:

Traders (the market) are constantly trying to assess what is happening. If there's no news, then volatility will be low. News causes the volatility.
Following on from that, i would surmise that that's why breakout trades work (notwithstanding the fakeys). New news comes into the market and traders react to it.

When the market goes into consolidation, traders do nothing. They wait for news.

Axiom
  • #20,172
  • Mar 7, 2013 7:28am Mar 7, 2013 7:28am
[QUOTE=emmanuel

You mean, this ???
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JacekPreserve Precious Capital
  • #20,173
  • Mar 7, 2013 7:32am Mar 7, 2013 7:32am
[quote=Jackub;6497988][quote=emmanuel

You mean, this ???[/quote]

to big circle, the thre last candles before rocket??
JacekPreserve Precious Capital
  • #20,174
  • Mar 7, 2013 8:43am Mar 7, 2013 8:43am
I have a question for the collective,

(First post btw, thanks to all for a great thread)~

When it comes to making a CT into the 200 EMA, I remember from reading the materials that you want a gap of at least 60 pips looking at the 15M charts. Does this translate into high TFs like the 4H or D? And if so is there a recommended gap bigger than 60 on those?


Thanks in advance,

Sorry if this was covered and I just missed it, there's a ton of information to digest here!

Lan
  • #20,175
  • Mar 7, 2013 9:31am Mar 7, 2013 9:31am
Quoting emmanuel7788
GU nice consolidation ahead of the big news in about 5 mins.
Hi Emmanuel,

Do u trade in NEws?? will u close the trade before news is coming???
  • #20,176
  • Mar 7, 2013 9:36am Mar 7, 2013 9:36am
Quoting lowweiting
Hi Emmanuel,

Do u trade in NEws?? will u close the trade before news is coming???
If the candles and price action are 'clean' (no really crazy jumping up and down/wicks all over the place) we'll enter as normal in the belief that the big boys pretty much know whats coming.

This chart should show the idea. About as perfect set ups as this method can provide. 2 trades +25 and +50.
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  • #20,177
  • Mar 7, 2013 9:40am Mar 7, 2013 9:40am
done for the week...
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  • #20,178
  • Mar 7, 2013 10:13am Mar 7, 2013 10:13am
Quoting pkimnyc
done for the week...

Yes!
  • #20,179
  • Mar 7, 2013 12:48pm Mar 7, 2013 12:48pm
ARJUN may you be blessed whereever you are.
Emmanuel7788, what can i say, i wish Arjun was till aroud to see the genuine good stuffs you are SHARING here. THANK YOU!!!

GBPUSD

Pls guys , lookng at the 4hrs bullish candle that breaks throw 10ema, was actually looking for a buy after 15mn retracement to 200ema , then a bullish candlestick pattern to LONG at or on 200ema 15mns..ALTHOUGH Daily n weekly both bearish biase/candle.
just want to know if am analysing this properly?
any idea comment wud highly be appreciated.

also, did anybody had a big gap lke mine today?
thanks all
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Enter Signature
  • #20,180
  • Mar 7, 2013 1:21pm Mar 7, 2013 1:21pm
Quoting kbforex
ARJUN may you be blessed whereever you are.
Emmanuel7788, what can i say, i wish Arjun was till aroud to see the genuine good stuffs you are SHARING here. THANK YOU!!!

GBPUSD

Pls guys , lookng at the 4hrs bullish candle that breaks throw 10ema, was actually looking for a buy after 15mn retracement to 200ema , then a bullish candlestick pattern to LONG at or on 200ema 15mns..ALTHOUGH Daily n weekly both bearish biase/candle.
just want to know if am analysing this properly?
any idea comment wud highly be appreciated.

also, [color=red]did anybody...
Hi KB

I also got the gap-up on Pepperstone (GMT +2).

Axiom
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