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Another simple system - Time-Frame 15

  • #20,501
  • Mar 21, 2013 1:24am Mar 21, 2013 1:24am
Quoting emmanuel7788
[size=3]Today I will have to bid AUF WIEDERSEHEN to this thread.

Be Blessed.
Geezzz.....Emmanuel, so pity that you have to go, I am not ready yet to go myself in to the forex forest... thanks god still there is hundreds of your posts, will read them all, I promise...
Best Regards
Jacek
JacekPreserve Precious Capital
  • #20,502
  • Mar 21, 2013 1:25am Mar 21, 2013 1:25am
Thanks, wish u good luck

Pls. came back and keep on helping us on our learning journey



Quoting emmanuel7788
Today I will have to bid AUF WIEDERSEHEN to this thread. It has been a great journey with many of you here and we had lots of fun posting and exchanging PMs. Some have gone a step further with me and we become good friends online across the great borders and oceans separating us.

[size=3]AUF WIEDERSEHEN is not goodbye. Directly translated in words, it means see you again and I like this more. Therefore we shall see each other again another time. I have a project to complete in 3 months and this requires my full attention and with...
  • #20,503
  • Edited 1:47am Mar 21, 2013 1:34am | Edited 1:47am
Quoting Jackub
Davit,
I am trying to figure out reasons of your CAD shorts ? Sell orders are on RN, anything else..?61.8% fib ret last swing down?
Best Regards
Jacek
Jacek
I trade very differently then method on this thread.I followed this threads method for awhile then did lot of soul searching ,reading,going over charts etc.
Understanding particular behavior of pair is paramount importance.That is news,range etc.
So UCAD has been in nice range, stuck above 200 and below 300 last month or so.And I repeatedly 100% sold evertime price hit 270 and above.
I made over 550 pips on shorting the cad this month hit 72.9%
So I don't rely EMA's RN etc.I rely on S/R and key pivots.
Cad has failed to break 200 which would seriously start down trend or break 340 start of UP trend.So range is good.While it is stuck on this channel I profit from it.
Like Jesse Livermore I don't enter a trade with full lots.I take 2 lots and divide in 4 and average in on price.This has lot of advatages.If you are wrong on 1st trade then your loss is 1/4 of your lot instead of full lot.
It gives you flexibility.
As a footnote Jessse Livermore was the 1st trader to use pivots.He practically invented it.
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In trading, you have to be defensive and aggressive at the same time
  • #20,504
  • Mar 21, 2013 1:44am Mar 21, 2013 1:44am
Quoting Davit
Jacek
I trade very differently then method on this thread.I followed this threads method for awhile then did lot of soul searching ,reading,going over charts etc.
Understanding particular behavior of pair is paramount importance.That is news,range etc.
So UCAD has been in nice range, stuck above 200 and below 300 last month or so.And I repeatedly 100% sold evertime price hit 270 and above.
I made over 550 pips on shorting the cad this month hit 72.9%
So I don't rely EMA's RN etc.I rely on S/R and key pivots.
Cad has failed to break 220 which...
Davit how do u work out Chaos Semafor When from Green Dot to Red Dot then u close the Trade ?? And when First dot comes then u open trade ??
  • #20,505
  • Mar 21, 2013 1:48am Mar 21, 2013 1:48am
Quoting Davit
Jacek
I trade very differently then method on this thread.I followed this threads method for awhile then did lot of soul searching ,reading,going over charts etc.
Understanding particular behavior of pair is paramount importance.That is news,range etc.
So UCAD has been in nice range, stuck above 200 and below 300 last month or so.And I repeatedly 100% sold evertime price hit 270 and above.
I made over 550 pips on shorting the cad this month hit 72.9%
So I don't rely EMA's RN etc.I rely on S/R and key pivots.
Cad has failed to break 220 which...
Thanks Davit for fast responce, now I understend your entries. On begeining of my forex road is good to ask questions , wise ones makes better
Best Regards
Jacek
JacekPreserve Precious Capital
  • #20,506
  • Mar 21, 2013 1:52am Mar 21, 2013 1:52am
Quoting terminator12
Davit how do u work out Chaos Semafor When from Green Dot to Red Dot then u close the Trade ?? And when First dot comes then u open trade ??
I use them as a visual quick aid to see patterns. ABCD 123 AB=CD etc.
It is based on Zig ZAg indi. It is just a tool and I can easily trade without it.By itself it is nothing special.
In trading, you have to be defensive and aggressive at the same time
  • #20,507
  • Mar 21, 2013 1:56am Mar 21, 2013 1:56am
Quoting terminator12
Davit how do u work out Chaos Semafor When from Green Dot to Red Dot then u close the Trade ?? And when First dot comes then u open trade ??
I use key pivots to Close trades.on UCAD it is 220 so price hits 270 I start selling and my TP is 220.
Semefar is just a quick reference for Tops downs and mid points.
In trading, you have to be defensive and aggressive at the same time
  • #20,508
  • Mar 21, 2013 3:13am Mar 21, 2013 3:13am
Quoting emmanuel7788
Today I will have to bid AUF WIEDERSEHEN to this thread. It has been a great journey with many of you here and we had lots of fun posting and exchanging PMs. Some have gone a step further with me and we become good friends online across the great borders and oceans separating us.
I'm sorry to see your temporary hiatus. I've learnt a lot from your posts and appreciate your time in assisting me and others in this thread.
I wish you success in what your project and future.

Auf Wiedersehen.
Axiom.
  • #20,509
  • Mar 21, 2013 3:16am Mar 21, 2013 3:16am
Thank you , thank you and thank you
Wishing you the best in ur project n hope to c u again sometime to come
PEACE
Quoting emmanuel7788
Today I will have to bid AUF WIEDERSEHEN to this thread. It has been a great journey with many of you here and we had lots of fun posting and exchanging PMs. Some have gone a step further with me and we become good friends online across the great borders and oceans separating us.

[size=3]AUF WIEDERSEHEN is not goodbye. Directly translated in words, it means see you again and I like this more. Therefore we shall see each other again another time. I have a project to complete in 3 months and this requires my full attention and with...
Enter Signature
  • #20,510
  • Edited 4:25am Mar 21, 2013 3:43am | Edited 4:25am
Hi Folks,

Thanks for your well wishes.

Go to X-Man thread where I posted one of my ongoing pet project.
here is the link:

http://www.forexfactory.com/showthre...82#post6533482

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,511
  • Mar 21, 2013 3:44am Mar 21, 2013 3:44am
EU..today

am i lucky? i forgot news is coming....

attach with reason trade...

thk Jackub for triangle break out technical....(am i use it correctly??)...
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  • #20,512
  • Mar 21, 2013 4:20am Mar 21, 2013 4:20am
EJ scalp. breakout of Asia session low. 38pips. Trailing stop was too tight.
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  • #20,513
  • Mar 21, 2013 4:22am Mar 21, 2013 4:22am
Quoting lowweiting
EU..today

am i lucky? i forgot news is coming....

attach with reason trade...

thk Jackub for triangle break out technical....(am i use it correctly??)...

. More important reason is break of Asia session low!
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  • #20,514
  • Edited 6:34am Mar 21, 2013 6:04am | Edited 6:34am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
EU trade +34 pips
though it was an aceptable entry (for me), i m not happy with the exit, cause i couldn t stay in the market until it tell me when to exit, for instance after break of TL. with +18pips. I was afraid that a spike would have taken my pips out.
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  • #20,515
  • Mar 21, 2013 6:37am Mar 21, 2013 6:37am
Quoting Davit
I use key pivots to Close trades.on UCAD it is 220 so price hits 270 I start selling and my TP is 220.
Semefar is just a quick reference for Tops downs and mid points.
Morning Ruben,
Do I get it right that you expect the Canadian to stop its south move around 1.0220 and then reverse? And I also have a general question for you (having read your posts in various threads) - what are you using to give you conviction that the Cad will be moving in a certain direction? I remember a couple of months back when the Cad was around 0.99 or so and moving south you were taking long positions - which at that time looked dubious to me, but eventually in a couple of days or so the market proved you right. At that time you spoke of supply and demand areas (which I cannot determine for the life of me). So what is the overarching, the most general thing (Indicator, patterns, whatever) that suggests to you the probability of the prevailing move?
The question may look somewhat vague, but hopefully you'll be able to discern what I am asking.
Thank you.
  • #20,516
  • Mar 21, 2013 6:38am Mar 21, 2013 6:38am
Quoting jordfx
EJ scalp. breakout of Asia session low. 38pips. Trailing stop was too tight.
newbie question: assian low can be S&R?? the entry u made the assian session closed???

  • #20,517
  • Mar 21, 2013 6:56am Mar 21, 2013 6:56am
Quoting lowweiting
newbie question: assian low can be S&R?? the entry u made the assian session closed???

Asia high/low very good for intraday S/R in trading London session. Once London open, consider Asia session 'rested'.
  • #20,518
  • Mar 21, 2013 7:08am Mar 21, 2013 7:08am
Quoting Hcp
EU trade +34 pips
though it was an aceptable entry (for me), i m not happy with the exit, cause i couldn t stay in the market until it tell me when to exit, for instance after break of TL. with +18pips. I was afraid that a spike would have taken my pips out.
Entries alone as critical as they are will not eventually increase your account without pinning down trade management. Thats the next critical thing. Once the market gives you even a few pips, think of the best way to maximise the opportunity. Remember LE1 kept talking about 10 - 15pips a day? Why? Why is it enough?
  • #20,519
  • Mar 21, 2013 7:33am Mar 21, 2013 7:33am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Quoting jordfx
entries alone as critical as they are will not eventually increase your account without pinning down trade management. Thats the next critical thing. Once the market gives you even a few pips, think of the best way to maximise the opportunity. Remember le1 kept talking about 10 - 15pips a day? Why? Why is it enough?
jordfx, thank you for your comment, you are right le1 used to put emphasis on money management no matter how many pips, but the lots. I will do it (the pshicologicall part is more difficult for me).
Thank you very much.
  • #20,520
  • Edited 8:03am Mar 21, 2013 7:52am | Edited 8:03am
Quoting Hcp
jordfx, thank you for your comment, you are right le1 used to put emphasis on money management no matter how many pips, but the lots. I will do it (the pshicologicall part is more difficult for me).
Thank you very much.
There's really not much 'psychology' about money management. Just RULES. Set out your rules and simply follow it. For example I enter 3 positions on the really juicy high probability triggers, risking x% of my account. After 15pips - 20pips, close 2 positions and move stop to breakeven on the remaining position. Subsequently move protective stop to swing highs/lows if trade continues to move in my favour and if more high probability triggers come up again on the same trade I re-invest the profits gained earlier on small risk high reward setups effectively compounding my earnings until market takes out my protective trailing stop. Note though that the re invested earnings are entered using the exact same rules as the initial entries. i.e 3 positions, closing 1/3 of the positions after 15pips and then moving stop to BE on remaining positions..etc...etc...etc...
note..these are just rules that work for me. Every trader needs to decide on his/her own rules. Emmanuel for example favours the 5R trade management method. think and fashion out yours.
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