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Another simple system - Time-Frame 15

  • #20,401
  • Mar 18, 2013 3:57am Mar 18, 2013 3:57am
Ill try to see what rule I broke.

Maybe on the HTF say H4 id be trading right into the 200 EMA which is trading upwards. So that would make this a CT type trade...not for newbies.
also I marked on the chart, I need to wait for PA to break below the previous area of support before thinking about entering.

Obviously there's more, but Im still learning.....and Id appreciate the input.

Cheers

W99
Attached Image (click to enlarge)
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  • #20,402
  • Mar 18, 2013 3:58am Mar 18, 2013 3:58am
Quoting jordfx
Very good Jackub. Interestingly, paying attention to the 10ema alone would have simply filtered out that setup!
Good point Jackub...thx
  • #20,403
  • Mar 18, 2013 4:04am Mar 18, 2013 4:04am
Quoting Jackub
My 20 pips today...
Nice one.....
  • #20,404
  • Mar 18, 2013 4:10am Mar 18, 2013 4:10am
I only trade GU today:
Attached Image (click to enlarge)
Click to Enlarge Name: GU2013-03-18_160833.png Size: 15 KB
  • #20,405
  • Mar 18, 2013 5:08am Mar 18, 2013 5:08am
I love trading H4 pin bar with H1 price momentun in it ...
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 18 Mar M15 bounce18-3-2013 5-59-59 PM.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,406
  • Mar 18, 2013 5:19am Mar 18, 2013 5:19am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting emmanuel7788
I love trading H4 pin bar with H1 price momentun in it ...
Nice one

I wouldn't have taken it after such a big gap ... but nice one anyway.
MT4/MT5 EAs/Indicators/Alerts coder
  • #20,407
  • Mar 18, 2013 5:26am Mar 18, 2013 5:26am
Any feedback on that UC trade from earlier ?

Cheers
  • #20,408
  • Mar 18, 2013 5:27am Mar 18, 2013 5:27am
Quoting FerruFx
Nice one

I wouldn't have taken it after such a big gap ... but nice one anyway.
Thanks! Nice surprise to see you drop by this thread.

I was kind of happy looking at EJ becasue I left my Friday sell position open over the weekend and was pleasant surprise wheh I woke up this morning thinking I need to move my stop. But that 200pips drop to too quick and my TP was hit before I could blink my eyes...anyway 120pips wasn't bad.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,409
  • Mar 18, 2013 5:56am Mar 18, 2013 5:56am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting emmanuel7788
...anyway 120pips wasn't bad.
MT4/MT5 EAs/Indicators/Alerts coder
  • #20,410
  • Mar 18, 2013 6:05am Mar 18, 2013 6:05am
Quoting wizard99
Any feedback on that UC trade from earlier ?

Cheers
Never mind, that's why I'm here to learn. PA straight up.

I suppose because the overall trend is still up, therefore a risky CT trade.

Any seniors here care to comment ?

Thanks

W 99
  • #20,411
  • Mar 18, 2013 6:30am Mar 18, 2013 6:30am
Quoting wizard99
Never mind, that's why I'm here to learn. PA straight up.

I suppose because the overall trend is still up, therefore a risky CT trade.

Any seniors here care to comment ?

Thanks

W 99
USD CAD
my view right now is that 1.0244 is Prev D fib 127% being tested...looks like Bears are feeding there...and with H4 OB OB ...meaning increase market interests...

but this pair has very narrow D range of between 40 to 50 pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,412
  • Mar 18, 2013 7:42am Mar 18, 2013 7:42am
USDCAD 18 Mar H1 Inside Bar:
Attached Image (click to enlarge)
Click to Enlarge Name: UCad 18 Mar H1 IB 18-3-2013 8-38-37 PM.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,413
  • Mar 18, 2013 9:19am Mar 18, 2013 9:19am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Hi, this EU trade, +10, closed manually.
thank you all, interesting readings this weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: 103.gif Size: 92 KB
  • #20,414
  • Mar 18, 2013 10:22am Mar 18, 2013 10:22am
Hello,
This is my secound trade today...
When price rise up and get close to TP, I moved SL to BE, unfortunately price never reached TP turned down and hit the SL at BE.
I am trying to find out if I could predict this? was any kind of price behaviour telling me my TP level is not reachable??, any help please?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 45 KB
JacekPreserve Precious Capital
  • #20,415
  • Mar 18, 2013 10:36am Mar 18, 2013 10:36am
Quoting emmanuel7788
one of the many skills required in making trading decision is CONSISTENCY.
There are 52 weeks in a year. How you treated each week Open and Close in the last 52 weeks, will be the same how you will treat the week High and Low.
weekend gap or no gap, you must have the discipline to be CONSISTENT in making every trading decision.
The answer is right in that chart posted by lowweiting below:
Why let someone else indicator make you doubt your ability to be discipline?


http://www.forexfactory.com/attachme...1&d=1363582946...
thk emmnuel for reply,

if i wan draw FIB of the week , which line ( up or low purple line on chart) should i use??
  • #20,416
  • Mar 18, 2013 11:13am Mar 18, 2013 11:13am
Quoting Jackub
Hello,
This is my secound trade today...
When price rise up and get close to TP, I moved SL to BE, unfortunately price never reached TP turned down and hit the SL at BE.
I am trying to find out if I could predict this? was any kind of price behaviour telling me my TP level is not reachable??, any help please?
looks like you basically picked your trade during consolidation period using the system.

no matter what systems you use, you will only be able to get in at the middle of the move or at the end of the move. hence, moving sl at be right away often do not work. what you should have done, imo, is to wait for trend is established then pick your battle from there.

know what tools you're working with. pros and cons. know the market conditions and choose your battle.
  • #20,417
  • Mar 18, 2013 11:17am Mar 18, 2013 11:17am
Quoting pkimnyc
looks like you basically picked your trade during consolidation period using the system.

no matter what systems you use, you will only be able to get in at the middle of the move or at the end of the move. hence, moving sl at be right away often do not work. what you should have done, imo, is to wait for trend is established then pick your battle from there.

know what tools you're working with. pros and cons. know the market conditions and choose your battle.

Thank's, yes it looks like consolidation, didnt realize this before....
Thank you again..
Jacek
JacekPreserve Precious Capital
  • #20,418
  • Mar 18, 2013 12:28pm Mar 18, 2013 12:28pm
I severely cut my trading frequancy and ironically my account is up+500 pips this month.
Been doing lot of reading.Soul searching,hammering weak points.
This month
Total Trades: 22 Short Positions (won %): 22 (72.73%)
So what I am doing different then before is being very selective.If I am not sure of the direction I simply don't trade period.One should not be in the markets all the time.Only in most favorable times when you got an edge.
Trade smart.
In trading, you have to be defensive and aggressive at the same time
  • #20,419
  • Mar 18, 2013 12:30pm Mar 18, 2013 12:30pm
ARJUN , whereever you are , may u be blessed.
Thanks Emmanuel7788, all your effort most appreciated
EURJPY LONG, using Emmanuel SYN BOX as support , after a break of 4hrs 200, then a break n retest of 1hr 800 look for entry on 15mins, taking a long from Emmanuel7788 SYD BOX.
COMMENT PLS!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 102198 VantageFX Trader - [EURJPY,M15]_2013-03-18_17-23-59.png Size: 28 KB
Enter Signature
  • #20,420
  • Mar 18, 2013 1:58pm Mar 18, 2013 1:58pm
Hi Everyone,

I took the Demo AC trade as described in earlier post and shown attached again here.

However, I just checked trade and it was gone !! completely not documented on my Demo account.

No profit no loss no anything in the log of trade activities etc....?????

It shouldn't have just disappeared....no record of entry, (or for that matter? Profit in this case...truly bizarre.

Anyone else had this happen?
Attached Image(s) (click to enlarge)
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