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Another simple system - Time-Frame 15

  • #20,301
  • Mar 14, 2013 7:45am Mar 14, 2013 7:45am
Quoting jordfx
Didn't say your trade was wrong. Just risky entry.
why was that a risky entry?
  • #20,302
  • Mar 14, 2013 7:47am Mar 14, 2013 7:47am
Quoting pkimnyc
i don't know man.

! I know you have those things that help you pick those entries my friend. You're on another level entirely. lol..
  • #20,303
  • Mar 14, 2013 7:49am Mar 14, 2013 7:49am
Quoting pkimnyc
why was that a risky entry?
The reason why the trade was taken? I'm not sure he does you r kind of analysis
  • #20,304
  • Mar 14, 2013 7:49am Mar 14, 2013 7:49am
Quoting jordfx
! I know you have those things that help you pick those entries my friend. You're on another level entirely. lol..
lol. pay attention to the news hours, and think about why the price is moving in which direction for what purpose.
  • #20,305
  • Mar 14, 2013 8:01am Mar 14, 2013 8:01am
Quoting Jackub
I understand NOTHING ..
here...
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  • #20,306
  • Mar 14, 2013 8:07am Mar 14, 2013 8:07am
Quoting pkimnyc
lol. pay attention to the news hours, and think about why the price is moving in which direction for what purpose.
  • #20,307
  • Mar 14, 2013 8:08am Mar 14, 2013 8:08am
Quoting jordfx
here...
Thanks jordfx,
feel very ignorant...
JacekPreserve Precious Capital
  • #20,308
  • Mar 14, 2013 8:15am Mar 14, 2013 8:15am
Quoting Jackub
I understand NOTHING ..
a lot to do with market's structure. don't worry mate, you can just skip my posts.
  • #20,309
  • Mar 14, 2013 8:15am Mar 14, 2013 8:15am
Quoting Jackub
Thanks jordfx,
feel very ignorant...
Why not ask specific questions using charts and failed trades? People like Emmanuel are so helpful to straighten you out. Don't just lose trades in silence.
  • #20,310
  • Mar 14, 2013 8:23am Mar 14, 2013 8:23am
Quoting jordfx
Didn't say your trade was wrong. Just risky entry.
It was not risky for me,my friend!For you it could be risky because we have diffirent view!
  • #20,311
  • Mar 14, 2013 9:37am Mar 14, 2013 9:37am
EU. 25% closed for 50pips. going for 4R trade.
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  • #20,312
  • Mar 14, 2013 9:48am Mar 14, 2013 9:48am
Quoting jordfx
EU. 25% closed for 50pips. going for 4R trade.
Still thinking its a trap mate? Lol

Just a heads up though... Watch 3040 area if it gets there tonight.
  • #20,313
  • Mar 14, 2013 9:58am Mar 14, 2013 9:58am
Quoting pkimnyc
Still thinking its a trap mate? Lol

Just a heads up though... Watch 3040 area if it gets there tonight.

hahahaha ! Better safe than sorry! Don't really care much how far it goes now. Just trailing price now(stop @1.3000 now). I'll take whatever the market gives.. (was rather thinking 3060?)
  • #20,314
  • Mar 14, 2013 10:01am Mar 14, 2013 10:01am
Quoting jordfx
hahahaha ! Better safe than sorry! Don't really care much how far it goes now. Just trailing price. I'll take whatever the market gives.
Lol. You gotta take profit at some point. What's the use for all the hard work if you can't get paid?

i'm unloaded 80%.

keep in mind that this was a counter trade. would you believe that? lol
  • #20,315
  • Mar 14, 2013 10:18am Mar 14, 2013 10:18am
Quoting jordfx
was rather thinking 3060?)
if we go beyond that or gets to that level then i would think it's a full reversal.

just don't be too greedy with the market. we've already covered average daily range.
  • #20,316
  • Mar 14, 2013 10:34am Mar 14, 2013 10:34am
Quoting pkimnyc
if we go beyond that or gets to that level then i would think it's a full reversal.

just don't be too greedy with the market. we've already covered average daily range.

hm. closed another 25% for 80pips. Will offload fully at a strong sign of exhaustion. I suspect smart money is going to be done for the week after today, so they'll probably try to squeeze out as much as they can. GU up almost 180pips now! wow. wish i was riding that one haha
  • #20,317
  • Mar 14, 2013 10:37am Mar 14, 2013 10:37am
Quoting jordfx
hm. closed another 25% for 80pips. Will offload fully at a strong sign of exhaustion. I suspect smart money is going to be done for the week after today, so they'll probably try to squeeze out as much as they can. GU up almost 180pips now! wow. wish i was riding that one haha
as you said earlier, this whole thing could be a bull trap in bigger scale. you need to see what they do in asia.

in daily perspective... we are pretty much done for the day.
  • #20,318
  • Mar 14, 2013 10:53am Mar 14, 2013 10:53am
Quoting pkimnyc
as you said earlier, this whole thing could be a bull trap in bigger scale. you need to see what they do in asia.

in daily perspective... we are pretty much done for the day.
  • #20,319
  • Mar 14, 2013 11:04am Mar 14, 2013 11:04am
btw, my apologies to new traders that are religiously following the system, for confusing the lights out you. i will do the best i can to limit my posts from going forth.
  • #20,320
  • Edited 2:01pm Mar 14, 2013 1:58pm | Edited 2:01pm
Interesting discussions on EU trading. I missed all the fun.
However, here is another way how EU can be traded on Intraday basis.
I use the Tokyo morning session (first 5 hours) range as a price grid to trade. I call this TOK_5H range.
This works in certain market when there are wide day swings and trending.
When there is breakout, price will move away from the TOK_5H range and never return.
But when ranging, it tends to return back to the TOK_5H range during the London and US sessions. You need to observe closely when London makes its session high or low for that day, and you wait for the return leg.
Always follow Price Action using Support and Resistance. I use the combination of Prev W Fibo and Prev D Fibo, and of course the D OHLC.

The TDI is good visual aid. And you can integrate this in this M15 method and look for more trade opportunties in EU and more pips.

Don't try this on other currency pairs escpecially the cross pairs. Be warned!

See chart example on how this traded yesterday.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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