Another simple system - Time-Frame 15 | Page 1014 | Forex Factory

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Another simple system - Time-Frame 15

  • #20,261
  • Mar 13, 2013 4:15pm Mar 13, 2013 4:15pm
Quoting Xhale
Price action may not give you enough information about the underlying momentum and volume behind particular moves, but throwing a MACD or RSI on your screen won't give you any further insight. Technical analysis has it's limitations. Sure you can do very well using it alone, but there's only so much you can derive from a chart. Explosions of volatility do not occur because of a fib level, ema, MACD divergence, pin bar, or whatever else you want to use.
The only thing which is missing on all your charts is your belief about the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,262
  • Mar 13, 2013 6:39pm Mar 13, 2013 6:39pm
Quoting emmanuel7788
The only thing which is missing on all your charts is your belief about the market.
My belief about the market? Meaning what.......
What is any ocean but a multitude of drops?
  • #20,263
  • Mar 13, 2013 8:07pm Mar 13, 2013 8:07pm
Quoting pkimnyc
see you at 1.06. 1.036 first stop.
First Target hit.
  • #20,264
  • Mar 13, 2013 11:06pm Mar 13, 2013 11:06pm
Quoting Xhale
My belief about the market? Meaning what.......
meaning your experience in trading the market will form your belief about the market.

I trade the spot forex market because I believe I can make a living doing this as a business.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,265
  • Edited 11:13pm Mar 13, 2013 11:11pm | Edited 11:13pm
Quoting pkimnyc
see you at 1.06. 1.036 first stop.
Quoting pkimnyc
First Target hit.


That remained your belief since a few weeks ago when you first told me. I remembered but but did I believe you?

How many of you believe what I told you about the Sydney first 2-hours range high-low? That was the 5R trade I was telling you about.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 14 Mar M15 POMO 14-3-2013 9-15-42 AM.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,266
  • Mar 13, 2013 11:19pm Mar 13, 2013 11:19pm
Quoting emmanuel7788
That remained your belief since a few weeks ago when you first told me. I remembered but but did I believe you?

How many of you believe what I told you about the Sydney first 2-hours range high-low? That was the 5R trade I was telling you about.
News bar.
  • #20,267
  • Mar 13, 2013 11:38pm Mar 13, 2013 11:38pm
Quoting jordfx
I think the challenges most newbies are facing is the lack of clear cut entry, stop, exit rules, apart from '...enter when candle closes below 10e!...'. I know some are just plain lazy and don't want to put in the effort, but I believe some are just genuinely stomped as to how to make 'CONSISTENT' profits. How to keep it Simple? Define the rules? Experience traders somehow know what to look out for and consistently make pips after so much backtesting, forward testing and training the eye. Subsequent to which not many are still interested in posting...
Quoting Vantage
This method works, yes with the addition of some trading basics. To start adding other methods that have nothing to do with this thread will only cause great confusion especially as the 1st post cannot be updated without LE1.

Get your method clear and start your own thread. Good luck to you on that journey.
Quoting pkimnyc
keep it to yourself.
Hi jordfx,

You have been a pioneer member and key contributor to this thread and helped brought it this far.
I do agree with both Vantage and pkimnyc. I want to add to what pkimnyc said, keep it to yourself and your own team of traders.

Welcome into the world of system development. You and every single one of your team must create that EDGE
for yourself and themself. It is uniquely one person's EDGE. There is no way an EDGE can be copied from one person to another (of course until cloning of human become ethical allowed). I started my own system development exactly 2 years ago and it has been wonderful part of my journey as a trader. The EDGE is in the SYSTEM itself. And the SYSTEM is comprise of the 3 M's. The trader's skills are all in the M's.

About technical indicators. Build your own. You do not need to re-invent the wheel. You define what you want the indicator to show you and use those information to help you make trade decisions. You re-engineer what there is and to get what you want. Do not trade using so called signals generated from techncial indicators. You can never build the trading psychology into technical indicators. But you can use technical tools to mitigate and overcome certain human weakness and in managing one's trading psychology.

I wish you a smooth and eventful development journey going forward from here. I am here to share and support you with any information resources you may need. Just push that button.

Regard,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,268
  • Mar 13, 2013 11:41pm Mar 13, 2013 11:41pm
Quoting kk007
News bar.
well, that I believe in what moves the currency market too.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,269
  • Mar 13, 2013 11:50pm Mar 13, 2013 11:50pm
Quoting Hcp
didn t want to lose that trade and hurry out of time.
thank you again.
Jumping in for fear of missing out, one of the problems you have to over come real quick. There are system trades virtually every day in each session. If you miss a move let it go there are more valid trades just around the corner. In your particular case it was 30 mins later but who cares if its the next day or the next.

Having a none system trade work is I think one of the worst things that can happen to you, for many reasons.
  • #20,270
  • Mar 14, 2013 12:43am Mar 14, 2013 12:43am
Quoting emmanuel7788
meaning your experience in trading the market will form your belief about the market.

I trade the spot forex market because I believe I can make a living doing this as a business.
What the hell does this have to do with what I said? When did I doubt your ability to trade for a living?
What is any ocean but a multitude of drops?
  • #20,271
  • Mar 14, 2013 1:15am Mar 14, 2013 1:15am
Quoting Xhale
What the hell does this have to do with what I said? When did I doubt your ability to trade for a living?
Never mind since you did not believe that.
If I did hurt you somewhere, I do sincerely apologise.

Goodbye.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,272
  • Mar 14, 2013 1:20am Mar 14, 2013 1:20am
Quoting boerseun
Hi everybody,

I have not visited this thread for quite some time, mainly because I am more into trading the longer TF's, especially the 4HR and Dailies.

Is anybody still trading Arjun's 4HR trading method as described by him in the early part of this thread.

I have tried "Trading Made Simple" and "X-Man's 4H Super Simple System", both which also uses the TDI. Both of these methods are proven with lots of traders having great success with it. My early assessment is that Arjun's 4HR method works the best for me.

Was just hoping...
Boereseun Where is ARJUN 4Hr Method or indicator
  • #20,273
  • Mar 14, 2013 1:56am Mar 14, 2013 1:56am
Emmanuel,
please be so kind and let me know what is those " 3 M's". English is not my native language. (mantality, method, money management ???)
Jacek
JacekPreserve Precious Capital
  • #20,274
  • Mar 14, 2013 2:40am Mar 14, 2013 2:40am
Quoting Jackub
Emmanuel,
please be so kind and let me know what is those " 3 M's". English is not my native language. (mantality, method, money management ???)
Jacek

Yes, you got that correct. It is universal 3Ms....but the percentage of each is where many differs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,275
  • Mar 14, 2013 2:47am Mar 14, 2013 2:47am
Quoting emmanuel7788
That remained your belief since a few weeks ago when you first told me. I remembered but but did I believe you?

How many of you believe what I told you about the Sydney first 2-hours range high-low? That was the 5R trade I was telling you about.
  • #20,276
  • Mar 14, 2013 3:01am Mar 14, 2013 3:01am
Quoting terminator12
Boereseun Where is ARJUN 4Hr Method or indicator
terminator,

Look at page 2 post 22, page 19 post 272, page 25 post 361, 26 post 376.

And that is about it, as I previously said Arjun did not elaborate much on his 4HR method.

Cheers
  • #20,277
  • Mar 14, 2013 3:48am Mar 14, 2013 3:48am
Quoting kk007
News bar.
hence the target.
  • #20,278
  • Edited 5:56am Mar 14, 2013 5:46am | Edited 5:56am
Quoting emmanuel7788
That remained your belief since a few weeks ago when you first told me. I remembered but but did I believe you?

How many of you believe what I told you about the Sydney first 2-hours range high-low? That was the 5R trade I was telling you about.
ARJUN may u be blessed wherever you are. thank you.
Emmanuel7788 , I am indeed very grateful for all u have been teaching me here, I say thank you!

this is my EURSUD(15) SHORT trade, pls kindly give ur comment(s).
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 33 KB
Enter Signature
  • #20,279
  • Mar 14, 2013 6:06am Mar 14, 2013 6:06am
Quoting kbforex
ARJUN may u be blessed wherever you are. thank you.
Emmanuel7788 , I am indeed very grateful for all u have been teaching me here, I say thank you!

this is my EURSUD(15) SHORT trade, pls kindly give ur comment(s).
thanks
WOW!
I am impressed with your creativity in using SYD 2-hour Hi-Lo range on EU.
I only used that to trade AU when Asian session starts.

I think EU is more suitable to use the Asian session narrow range for breakout and continuation trading in the London session.

But its good you can make whatever works for you. Thank you for sharing this with us here.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,280
  • Mar 14, 2013 6:10am Mar 14, 2013 6:10am
Quoting boerseun
terminator,

Look at page 2 post 22, page 19 post 272, page 25 post 361, 26 post 376.

And that is about it, as I previously said Arjun did not elaborate much on his 4HR method.

Cheers
Thank you boerseun for these pages. This shows that you have been reading and studying. I LIKE.

Here are the pics of these pages for quick reference. Maybe you make a digital wall of these very good posts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: LE1 post22.png Size: 117 KB
Click to Enlarge Name: LE1 post272.png Size: 221 KB
Click to Enlarge Name: LE1 post361.png Size: 137 KB
Click to Enlarge Name: LE1 post376.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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