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Another simple system - Time-Frame 15

  • #20,961
  • Edited 8:42am Apr 24, 2013 8:28am | Edited 8:42am
Quoting yukariyer
{quote} Hi all Dear Jordfx Why did you take this trade on that spot ? That's your entry candle ? What is your favorite candle which are tight sl ? thanks
Why did I take that trade? Look at the Monthly timeframe. See Feb close/March open coinciding with April high? That tells you both buyers and sellers AGREED there. That makes that a very strong resistance. RESISTANCE because price couldn't close above it. April has been a bullish month for this pair so far, and since the month is gradually winding up, there is a high probability, big money investors and players are going to be taking some profit off the table at about this time; which means some selling(always subject to CONFIRMATION by price action of course!).
Smaller stops means having to enter positions during CONSOLIDATION like I did or miss most of the move.

When price action indicates a confirmation for my analysis I have confidence for entry. Else I do nothing; or sometimes do the exact opposite!
  • #20,962
  • Apr 24, 2013 8:37am Apr 24, 2013 8:37am
Quoting jordfx
{quote} Why did I take that trade? Look at the Monthly timeframe. See Feb close/March open coinciding with April high? That tells you both buyers and sellers AGREED there. That makes that a very strong resistance. RESISTANCE because price couldn't close above it. April has been a bullish month for this pair so far, and since the month is gradually winding up, there is a high probability, big money investors and players are going to be taking some profit off the table at about this time; which means some selling. Smaller stops means having to enter...


you make me understand how price action works

thanks a lot
  • #20,963
  • Apr 24, 2013 11:56am Apr 24, 2013 11:56am
Closed 50% of EURAUD CT trade for 34pips.
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  • #20,964
  • Apr 24, 2013 12:33pm Apr 24, 2013 12:33pm
Quoting yukariyer
{quote} Hi all Dear Jordfx Why did you take this trade on that spot ? That's your entry candle ? What is your favorite candle which are tight sl ? thanks
.
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What is any ocean but a multitude of drops?
  • #20,965
  • Apr 24, 2013 12:34pm Apr 24, 2013 12:34pm
GOLD. 50% off.
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  • #20,966
  • Apr 24, 2013 12:35pm Apr 24, 2013 12:35pm
Quoting Xhale
{quote} . {image}
  • #20,967
  • Apr 24, 2013 1:10pm Apr 24, 2013 1:10pm
I lost a lot of money in the Forex
You could be someone tell me how to profit from Forex without difficulty, through give me EA, or Indcator
  • #20,968
  • Apr 24, 2013 8:19pm Apr 24, 2013 8:19pm
Quoting raid
I lost a lot of money in the Forex You could be someone tell me how to profit from Forex without difficulty, through give me EA, or Indcator
close out your account, whatever it's left. get a job. this isn't for you.
  • #20,969
  • Apr 24, 2013 8:53pm Apr 24, 2013 8:53pm
Quoting pkimnyc
{quote} close out your account, whatever it's left. get a job. this isn't for you.
Yea go make a video on how to trade, and push it for 5k. Then go hold trading seminars all over the globe and charge 2k a seat. That seems to be the alternative nowadays when trading doesn't work out. Problem solved.
What is any ocean but a multitude of drops?
  • #20,970
  • Apr 24, 2013 9:22pm Apr 24, 2013 9:22pm
Quoting Xhale
{quote} Yea go make a video on how to trade, and push it for 5k. Then go hold trading seminars all over the globe and charge 2k a seat. That seems to be the alternative nowadays when trading doesn't work out. Problem solved.
that will work too.
  • #20,971
  • Edited 2:39am Apr 25, 2013 2:29am | Edited 2:39am
Quoting raid
I lost a lot of money in the Forex You could be someone tell me how to profit from Forex without difficulty, through give me EA, or Indcator
Hi Raid

Without difficulty ? There is no job without diffuculty in the world . But if you love your job then you can work as if you dont work

İt is a valuable gift one is happy with his / her job

İ think you better stop trading with real money.

You should read loveevery1 thread carefully ( especially first 200 pages )

documents compilled by some good traders before

you should also read over and over goochie'posts , jordfx posts ,xhale 'posts , stevepatt post's , borisvien post's , 99 problems' posts , aryary posts ,ramjet posts .....

Attached File(s)
File Type: pdf ARJUN's posts.pdf   5.7 MB | 1,814 downloads


Attached File(s)
File Type: pdf Imi's Posts.pdf   6.7 MB | 885 downloads


Attached File(s)
File Type: pdf X-man Posts.pdf   6.7 MB | 1,933 downloads


Attached File(s)
File Type: docx Pip26 Posts.docx   2.5 MB | 610 downloads


Attached File(s)
File Type: docx pkimnyc's posts.docx   1.2 MB | 656 downloads
  • #20,972
  • Apr 25, 2013 3:01am Apr 25, 2013 3:01am
HI all, Raid they just whipping u pride.Dont give up these guys know everything about trading. Dont give up, they were also newbees.
  • #20,973
  • Apr 25, 2013 7:22am Apr 25, 2013 7:22am
Quoting jeank
HI all, Raid they just whipping u pride.Dont give up these guys know everything about trading. Dont give up, they were also newbees.
see the words in bold. don't give him false hope.
  • #20,974
  • Apr 25, 2013 10:40am Apr 25, 2013 10:40am
EU , I took 18 pips

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  • #20,975
  • Apr 25, 2013 11:25am Apr 25, 2013 11:25am
EURUSD. So far...60pips(2positions), 30pips(2posotions)
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  • #20,976
  • Apr 25, 2013 11:31am Apr 25, 2013 11:31am
GBPJPY. 50% closed for 155pips.
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  • #20,977
  • Apr 25, 2013 11:35am Apr 25, 2013 11:35am
AUDCAD. 3 postions. So far...+54, +54, +50.
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  • #20,978
  • Apr 25, 2013 11:39am Apr 25, 2013 11:39am
EURCAD. So far 100pips.
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  • #20,979
  • Apr 25, 2013 3:17pm Apr 25, 2013 3:17pm
Quoting jordfx
GBPJPY. 50% closed for 155pips. {image}
Please jordfx , tell me where was ur stoploss here. if u dont mind.
  • #20,980
  • Apr 25, 2013 3:27pm Apr 25, 2013 3:27pm
Good posts to RAID. I went ahead and downloaded all the recommended posts. Homework over the weekend I guess (if I don;t party too much)

Look, man. I learned this thing from the ground up: I read books, online stuff, learned / read all the lingo, all standard setups, all theory...
I learned how to program MT and create EA's, scripts, indi's... you name it (programmer by profession)...
Guess what? Still CAN NOT BE constantly profitable in Forex!!!
It takes a lot more than geek stuff reading and memorizing. It takes A LOT of screen time and developing intuition, etc.
Patience and perseverance!

Anyways, took 10 pips off of Asian session EJ short and then long but before that lost 13 on AU in London session (unbroken support shouldn't have traded...). live and learn.

A QUESTION TO jordfx: You take all these big profit trades. How long do you keep your positions on average (note: on average)? What do you mean by "50%" - is that 50% of the big swing you are trading?

Thank you for your attention as always!
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