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Another simple system - Time-Frame 15

  • #20,581
  • Mar 27, 2013 3:44am Mar 27, 2013 3:44am
Quoting Xhale
.
Xhale,
I see you are trying to tell me something, but you are oversimating my skill and maybe even intelligence.......
few more words, please....
Jacek
JacekPreserve Precious Capital
  • #20,582
  • Mar 27, 2013 4:02am Mar 27, 2013 4:02am
Quoting Jackub
Xhale,
I see you are trying to tell me something, but you are oversimating my skill and maybe even intelligence.......
few more words, please....
Jacek
GBP pairs are not for the fainthearted. For newbies, better to stick to less volatile pairs where you can easily get smaller stop placements and clearer signals and setups. Wicks like that tell you both bulls and bears are in the house so be wary especially if the wicks appear at previous s/r or ppa.
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  • #20,583
  • Edited 5:00am Mar 27, 2013 4:05am | Edited 5:00am
Quoting jordfx
GBP pairs are not for the fainthearted. For newbies, better to stick to less volatile pairs where you can easily get smaller stop placements and clearer signals and setups. Wicks like that tell you both bulls and bears are in the house so be wary especially if the wicks appear at previous s/r or ppa.
Thanks jordfx,
thanks a lot...


Anyway this week is terrible for me, 10 trades nine losers, what happend to me? As bad was,nt even at my very begening..... need some time out ?
JacekPreserve Precious Capital
  • #20,584
  • Mar 27, 2013 5:22am Mar 27, 2013 5:22am
Quoting Jackub
Thanks jordfx,
thanks a lot...


Anyway this week is terrible for me, 10 trades nine losers, what happend to me? As bad was,nt even at my very begening..... need some time out ?
Just do the opposite of whatever your thinking. You'd have a 90% win rate

From today:

Out of EJ, keeping EU open for a longer term play
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What is any ocean but a multitude of drops?
  • #20,585
  • Edited 5:39am Mar 27, 2013 5:25am | Edited 5:39am
Quoting Xhale
Just do the opposite of whatever your thinking. You'd have a 90% win rate

From today:

Out of EJ, keeping EU open for a longer term play
Dear Xhale,
Dont call my taken actions as "thinking", my analisys has nothing common with thinking... I am afraid

Jacek
JacekPreserve Precious Capital
  • #20,586
  • Mar 27, 2013 5:37am Mar 27, 2013 5:37am
EJ? I suspect we bears have a nasty surprise up our sleeves. hehehe.


[quote=Xhale;6551374 From today:

Out of EJ, keeping EU open for a longer term play[/quote]
  • #20,587
  • Mar 27, 2013 7:20am Mar 27, 2013 7:20am
Hello All!!!
EURJPY
Arjun may you be blessed

This is my EJ SHORT , that i have been patiently waiting for about 4weeks ago after the formation of that big bearish weekly candle piecing thru 10ema.
Monday bearish Daily candle gave some very good PIPS shorting the pair and yesterday was refuelling day for continuation downwards.
All my attention yterday was on 1HR timeframe , waitng for a retest of 50ema and fail or 200ema n fail.

A nice bearish reversal pattern at around 50% fib level of monday move, 4HRS S/R , 50ema candlestick pattern , emas align.... these were enough reasons to SHORT this pair according to my newbies reasoning.
Guys, i guess i now understand when experience traders say WAIT WAIT WAIT for GOOD SETUP....this is it!!!!!
thanks all, xpecially EMMANUEL7788
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Enter Signature
  • #20,588
  • Mar 27, 2013 9:12am Mar 27, 2013 9:12am
Nice trade kbforex. I also had a go at it. +102 pips.

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Its been awhile i posted on this thread, after all the issues. Still reading though faithfully. Just look for the good setups and wait for them patiently.
Let your plan trade for you, not your emotion!!!
  • #20,589
  • Mar 27, 2013 10:48am Mar 27, 2013 10:48am
Quoting kbforex
Hello All!!!
EURJPY
Arjun may you be blessed

This is my EJ SHORT , that i have been patiently waiting for about 4weeks ago after the formation of that big bearish weekly candle piecing thru 10ema.
Monday bearish Daily candle gave some very good PIPS shorting the pair and yesterday was refuelling day for continuation downwards.
All my attention yterday was on 1HR timeframe , waitng for a retest of 50ema and fail...
good trade. Now make it a habit, day, after day, after day,.....
  • #20,590
  • Mar 27, 2013 10:51am Mar 27, 2013 10:51am
Quoting xremmy
Nice trade kbforex. I also had a go at it. +102 pips.

Attachment


Its been awhile i posted on this thread, after all the issues. Still reading though faithfully. Just look for the good setups and wait for them patiently.
Elegant entry and exit! These are my favourites. Well done.
  • #20,591
  • Mar 27, 2013 12:26pm Mar 27, 2013 12:26pm
Quoting jordfx
good trade. Now make it a habit, day, after day, after day,.....
Thanks for the words of encouragement , coming from someone like you make it more special.
thanks.
Enter Signature
  • #20,592
  • Mar 27, 2013 4:03pm Mar 27, 2013 4:03pm
Quoting xremmy
Nice trade kbforex. I also had a go at it. +102 pips.

Attachment


Its been awhile i posted on this thread, after all the issues. Still reading though faithfully. Just look for the good setups and wait for them patiently.
That was a perfect entry, it was perfectly lined up on the 1hr & 4hr charts too. Well done!

Personally I missed it and just managed to take 50 pips later in the day.
while the objective is profit, the job description is risk management
  • #20,593
  • Mar 27, 2013 9:52pm Mar 27, 2013 9:52pm
Quoting rober159
That was a perfect entry, it was perfectly lined up on the 1hr & 4hr charts too. Well done!

Personally I missed it and just managed to take 50 pips later in the day.
Nice once Rober159, 50 pips is alot especially if you make use of compounding.

We don't need more than 20pips a day. its the consistency that matters.
Let your plan trade for you, not your emotion!!!
  • #20,594
  • Mar 28, 2013 12:06am Mar 28, 2013 12:06am
Quoting xremmy
Nice once Rober159, 50 pips is alot especially if you make use of compounding.

We don't need more than 20pips a day. its the consistency that matters.
I took this trade too - what a shame i'm still on demo
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  • #20,595
  • Mar 28, 2013 6:29am Mar 28, 2013 6:29am
hello, could somebody please let me know why i was wrong at that order entering long at marked price? TDI green was over red and yellow at that moment both was direct up, price closed above all moving avarage. Any thoughts? thanks a lot.
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  • #20,596
  • Mar 28, 2013 6:31am Mar 28, 2013 6:31am
Arjun may you be blessed!!!
hello all!
GBPNZD SHORT

A short taken on gbpnzd...

price below daily 10, below 4hrs 10.....
three IBs form on 4hrs aroung a RN.A false pin bar break of inside bars n close below 10 again.
go to 1hr n check, a bearish reversal pattern form at RN.
All other moves after that, price cud not make a higher high, i.e respecting the 4HRS PIN(1hr reversal pattern(evening star))
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Enter Signature
  • #20,597
  • Mar 28, 2013 6:45am Mar 28, 2013 6:45am
Quoting Javas
hello, could somebody please let me know why i was wrong at that order entering long at marked price? TDI green was over red and yellow at that moment both was direct up, price closed above all moving avarage. Any thoughts? thanks a lot.
Look at the 1.5175 price area going back to a week or two, its been a general battle ground. Then specifically yesterday thats the level we fell from. Now have a look at 15 min chart, the size of the candle that caused the signal, see how often these oversize candles signal the end of a run, or at least a re trace. Try and get entries from much smaller candles. Then to add to that there is some major TDI divergence, which alone might not stop a trade but on the back of an over size candle at a key level should be an additional red flag.
  • #20,598
  • Mar 28, 2013 6:47am Mar 28, 2013 6:47am
Quoting Javas
hello, could somebody please let me know why i was wrong at that order entering long at marked price? TDI green was over red and yellow at that moment both was direct up, price closed above all moving avarage. Any thoughts? thanks a lot.
As I can see, the MBL "yellow one" was definetely sloping DOWN, Emmanuel always say buy low, sell high. You were buing in area of yesterday high. It is risky, will brake the ydy high or no, this time not
Its my newbie comment
Jacek
JacekPreserve Precious Capital
  • #20,599
  • Mar 28, 2013 7:12am Mar 28, 2013 7:12am
Thank you guys for your quick replay , i am reallly appreciate.
  • #20,600
  • Mar 28, 2013 8:25am Mar 28, 2013 8:25am
Quoting Javas
hello, could somebody please let me know why i was wrong at that order entering long at marked price? TDI green was over red and yellow at that moment both was direct up, price closed above all moving avarage. Any thoughts? thanks a lot.
I'll advice you to learn how to interprete Price Action properly before even depending on indicators. In any case if you're going to use them training wheels, then know the rules properly. Don't buy when Red TDI pointing down. Vice versa for sells.
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