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Another simple system - Time-Frame 15

  • #20,921
  • Apr 19, 2013 1:55am Apr 19, 2013 1:55am
have fun people. i'm outta here. gl. it's been pleasure.
  • #20,922
  • Apr 19, 2013 6:08am Apr 19, 2013 6:08am
Quoting pkimnyc
there is no such thing as golden ma. wake up.
Lmao

I was thinking the same thing but then saw he was referring to the color gold
What is any ocean but a multitude of drops?
  • #20,923
  • Apr 21, 2013 11:04pm Apr 21, 2013 11:04pm
GJ. Closed 50% for 100pips.
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  • #20,924
  • Apr 22, 2013 5:50am Apr 22, 2013 5:50am
Picked an interest in gold. Closed 50% for 100pips.
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  • #20,925
  • Apr 22, 2013 6:13am Apr 22, 2013 6:13am
Hi all,

here my EJ CT trade for N.Y open session
TP at M15 200 ema
+27

Peace
dom
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Attached Image
  • #20,926
  • Apr 22, 2013 7:44am Apr 22, 2013 7:44am
Hi guys,

I am finally back to trading after a long delay...

Anyways, I made couple of rusty rookie mistakes on the EU today (shouldn't have touched it per that 10:00 am est news release).

Questions & requests:

1. Seems no-one is using TDI any more. Is that correct?
2. Is there an updated strategy somewhere? What are you guys now looking at? Pure PA? Pivot points? All of that and other things?
3. What is the SL and TP now? When do you BE? How do you trail (or do you)?
4. On losing trades, do you wait for SL to be hit or do you scratch? If yes, what are the scratch rules?
5. ***Seems you guys now mostly trade EJ, GJ, GU pairs. Is this correct? If so, what is the reason for that?

Basically I am looking for an updated complete manual of the evolved system.

Please help me get back on track!

Thank you for your kindness.
  • #20,927
  • Apr 22, 2013 9:48am Apr 22, 2013 9:48am
Quoting rkp
Hi guys, I am finally back to trading after a long delay... Anyways, I made couple of rusty rookie mistakes on the EU today (shouldn't have touched it per that 10:00 am est news release). Questions & requests: 1. Seems no-one is using TDI any more. Is that correct? 2. Is there an updated strategy somewhere? What are you guys now looking at? Pure PA? Pivot points? All of that and other things? 3. What is the SL and TP now? When do you BE? How do you trail (or do you)? 4. On losing trades, do you wait for SL to be hit or do you scratch? If yes, what...
1. You can use the TDI if you really know how to interprete the signals. But there's no substitute for understanding Price Action and Market Structure.
2. There is no updated strategy. Follow the rules of the thread so far and you can still make pips. Study BorisViven's entries for a true and disciplined stickler to Arjuns rules. Others like me, Pkimnyc, Xhale, etc look for earlier entries based more on PA, Momentum, Divergence, Volume, etc.
3. SL should be the most recent swing high/low. TP is recommended as 10 - 15pips for Arjun entries.
4. We tend to stick to pairs with high ADRs. But for Arjun entries, it does make more sense to pick lowest spread pairs offered by your broker.
5. No updated complete manual. There's no substitute for hard work and putting in the required screen time.
  • #20,928
  • Apr 22, 2013 12:19pm Apr 22, 2013 12:19pm
Thank you.

Makes sense what you are saying.

However:

1. Wow, the TP is only 10-15 PIPS now whereas before I think the recommended was 40 I believe... Still OK if you can be consistently profitable.
2. So, do you BE and at what TP level? Do you trail? Obviously, judging from 1. TP 10-15 PIPS trailing and BE are now out of the picture for Arjun entries... Is that true?
3. SL of most recent swing high/low makes sense since it's truly PA derived. What if it's more than 10-15 PIPs? Wouldn't that be considered high risk SL/TP ratio?

I'm trying to get up to speed and I am determined to put in the hard work and the screen time.

Thank you again for your great help!
  • #20,929
  • Apr 22, 2013 12:47pm Apr 22, 2013 12:47pm
Quoting jordfx
GJ. Closed 50% for 100pips. {image}
Careful there cowboy
What is any ocean but a multitude of drops?
  • #20,930
  • Apr 22, 2013 1:33pm Apr 22, 2013 1:33pm
Quoting Xhale
{quote} Careful there cowboy
**shrug** Remaining 50% taken out for 50pips.
  • #20,931
  • Apr 22, 2013 11:54pm Apr 22, 2013 11:54pm
Scalping multiple pairs now. AUDNZD. 50% Closed for 38pips.
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  • #20,932
  • Apr 23, 2013 12:06am Apr 23, 2013 12:06am
EJ. 50% closed for 60pips.
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  • #20,933
  • Apr 23, 2013 1:01am Apr 23, 2013 1:01am
EURNZD. 80pips.
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  • #20,934
  • Apr 23, 2013 1:03am Apr 23, 2013 1:03am
EURAUD. 85pips.
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  • #20,935
  • Apr 23, 2013 1:15am Apr 23, 2013 1:15am
Hi, jordfx,

So you are able to pick those entries just by looking at the price chart in relation to those 3 ma's?

I see nothing else on your charts.

Quoting jordfx
EURAUD. 85pips. {image}
  • #20,936
  • Apr 23, 2013 1:20am Apr 23, 2013 1:20am
Quoting jordfx
EURAUD. 85pips. {image}
March close as a resistance ..???
JacekPreserve Precious Capital
  • #20,937
  • Apr 23, 2013 1:33am Apr 23, 2013 1:33am
Quoting Jackub
{quote} March close as a resistance ..???
March Open/Feb Close actually. That combined with 4H Momentum was down. Volume was decreasing as price was increasing before news. saw the tracks of the fox stop hunting.
  • #20,938
  • Apr 23, 2013 1:39am Apr 23, 2013 1:39am
Quoting jordfx
{quote} March Open/Feb Close actually. That combined with 4H Momentum was down. Volume was decreasing as price was increasing before news. saw the tracks of the fox stop hunting.
Congrats... its higher level then high school...
JacekPreserve Precious Capital
  • #20,939
  • Apr 23, 2013 1:41am Apr 23, 2013 1:41am
Quoting fxtrade13
Hi, jordfx, So you are able to pick those entries just by looking at the price chart in relation to those 3 ma's? I see nothing else on your charts. {quote}
Not everything I use to pick entries is shown on the charts. But you know what? You could still have picked most of those entries with high probability in relation to those 3 emas if you take note of where price has been bouncing from IN THE PAST. Really the patterns do repeat. Those emas act like dynamic median lines. Price ALWAYS gravitates TO and AWAY FROM them continually. Just need to figure out which particular ma is most relevant at a particular point in time. The rest is all about TIMING which I use divergence, momentum, volume and cycle indicators to figure out.
  • #20,940
  • Apr 23, 2013 4:03am Apr 23, 2013 4:03am
NZDUSD. +26, +37.
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