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Another simple system - Time-Frame 15

  • #20,981
  • Apr 25, 2013 5:18pm Apr 25, 2013 5:18pm
Quoting jordfx
EURUSD. So far...60pips(2positions), 30pips(2posotions) {image}
You are great ,earn so much money ,for your trading more convinient, do you like this new version release computer?
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  • #20,982
  • Apr 25, 2013 5:42pm Apr 25, 2013 5:42pm
spammer, spammer... somebody ban her/him, please.

TO (Tokyo open) EJ short 10+ pips (conservatively but could've been 20+). Past / off of H1 10ema (a little before TO), past broken support a little below it, past broken round number 129.00, past (with momentum) 800ema. 3 trades total. Of course, pips were lost because of the spread. I don't feel comfortable holding positions for longer yet. Scalping right now.

Does my style make sense, guys?

Please give some pointers. I also would like jordfx to answer my questions in my previous post if he / she is so kind to do so.

Thank you!
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  • #20,983
  • Apr 25, 2013 10:36pm Apr 25, 2013 10:36pm
Quoting rkp
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!
1. I've learned to keep my positions open for as long as the setup that got me into the trade remains valid and my target achieved.
2. I mean 50% of open positions on that pair. Taking some pips/money off the table.
  • #20,984
  • Apr 25, 2013 10:55pm Apr 25, 2013 10:55pm
Quoting jeank
{quote} Please jordfx , tell me where was ur stoploss here. if u dont mind.
Hey buddy, High volume doji right at Asia low/ Daily Open price(NY close), any movements below that point was suspiciously stophunting especially when it was at lower volume levels and just before LO. In any case my target was April High at 200pips, so I put my emergency stop at 50pips. A 1:4 trade. Just adjusted position size to keep my risk profile consistent that's all. Mind you like I always say....True risk is not in stop placements(that's just for emergencies in my opinion), real risk is in not knowing what you're doing. You can have a 200pip stop loss and always keep getting stopped out if you're clueless!
That being said....as far as this threads strategy is concerned, most of Arjun's entry trades target 10 - 15pips with stops at typically 10pips, because by the time these setups occur, the stop hunting period is typically over. That's why they are so safe, even though most of the move is probably almost over by then. Trade safe.
  • #20,985
  • Apr 25, 2013 11:34pm Apr 25, 2013 11:34pm
Quoting rkp
TO (Tokyo open) EJ short 10+ pips (conservatively but could've been 20+). Past / off of H1 10ema (a little before TO), past broken support a little below it, past broken round number 129.00, past (with momentum) 800ema. 3 trades total. Of course, pips were lost because of the spread. I don't feel comfortable holding positions for longer yet. Scalping right now. Does my style make sense, guys? Please give some pointers. I also would like jordfx to answer my questions in my previous post if he / she...
With Arjun Entries, 10 - 15pips is very easily high probability. But with volatile pairs like EJ, 10pip stops will usually not cut it most times without you keep getting stopped out first and then price proceeding to move in your favor. Ideally your EMERGENCY stop on that entry should have at least been above the high of the previous candle(before the entry candle), about 15pips really if you consider the action of the 50ema. H1 200ema would have made for a high probabilty target for 20pips.
  • #20,986
  • Apr 26, 2013 12:23am Apr 26, 2013 12:23am
Quoting jordfx
{quote} With Arjun Entries, 10 - 15pips is very easily high probability. But with volatile pairs like EJ, 10pip stops will usually not cut it most times without you keep getting stopped out first and then price proceeding to move in your favor. Ideally your EMERGENCY stop on that entry should have at least been above the high of the previous candle(before the entry candle), about 15pips really if you consider the action of the 50ema. H1 200ema would have made for a high probabilty target for 20pips.

EJ Fail....
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  • #20,987
  • Apr 26, 2013 12:35am Apr 26, 2013 12:35am
Quoting lowweiting
{quote} EJ Fail.... {image}
is that a buy or sell? what is the entry price and stop? reasons for taking the trade?
  • #20,988
  • Apr 26, 2013 12:44am Apr 26, 2013 12:44am
Quoting jordfx
{quote} is that a buy or sell? what is the entry price and stop? reasons for taking the trade?
i sell....

reason on the Attachment.... plz correct me ....thk
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  • #20,989
  • Apr 26, 2013 1:44am Apr 26, 2013 1:44am
Quoting lowweiting
{quote} i sell.... reason on the Attachment.... plz correct me ....thk {image}
Ok...that was a classical example of what I was talking about using small stops on volatile pairs. They'll take out those small stops and then price will proceed in your trade direction! The very next candle after your entry candle went 30pips in your favour. Though truth be told you shouldn't even be looking to sell in this price zone. Look at 4HTF. Moreover you seem to be ignoring your TDI cross?
  • #20,990
  • Apr 26, 2013 10:09am Apr 26, 2013 10:09am
NZDUSD. 2 positions closed for 35pips each.
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  • #20,991
  • Apr 26, 2013 10:19am Apr 26, 2013 10:19am
Quoting jordfx
NZDUSD. 2 positions closed for 35pips each. {image}
Nice trade,
I think I even uderstand reasons for entry and close. But ,I myslef would,t take it, not enough confidence...
JacekPreserve Precious Capital
  • #20,992
  • Apr 26, 2013 10:28am Apr 26, 2013 10:28am
Quoting Jackub
{quote} Nice trade, I think I even uderstand reasons for entry and close. But ,I myslef would,t take it, not enough confidence...
That's one the biggest challenges in making money in trading. Overcoming fear. What helps is proper position sizing and risk management, so that even if the trade turns out to be a loser(...and some will!), it won't hurt your equity or morale.
  • #20,993
  • Apr 26, 2013 10:51am Apr 26, 2013 10:51am
Quoting jordfx
{quote} That's one the biggest challenges in making money in trading. Overcoming fear. What helps is proper position sizing and risk management, so that even if the trade turns out to be a loser(...and some will!), it won't hurt your equity or morale.
Yes I know jordfx, I am working on it, do believe will overcome it one day..
Have nice weekend!
JacekPreserve Precious Capital
  • #20,994
  • Apr 26, 2013 5:57pm Apr 26, 2013 5:57pm
[quote=rkp;6637957]spammer, spammer... somebody ban her/him, please. TO (Tokyo open) EJ short 10+ pips

Why you so sensitve,i am just a normal housewife, liked this system too and sometime use this system to trade too,of course not learn it well liked Jordfx, He traded few currencies at the same time and all are in profit ,yesterday i on the computer at the same time the new release version for trading computer advertise on the screen ,i myself liked this new version,i think those trading more pairs of currency liked it also ,so just have a joke with Jordfx. Trading be fun a bit ,do not all the time think people are bad. If you think i am spammer ,i welcome you check all my post see wherther i am spammer.
  • #20,995
  • Apr 26, 2013 6:09pm Apr 26, 2013 6:09pm
Have a look at EJ yesterday, how easier than that?

2 short signals following this system i.e. short below the EMA and when TDI is crossing
exit when 20pips or price pulls back

I marked the entry and exit using yellow thumbs on the screenshot, 90 pips in total, if 1 lot = $900

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back... and more dangerous.
  • #20,996
  • Edited 12:25am Apr 27, 2013 12:11am | Edited 12:25am
Quoting jordfx
NZDUSD. 2 positions closed...
Jordfx,

Makes me wonder how old monthly OHLC you will take for your consideration as S/R lines?? Was making some testing and seems to up to three months old they work pretty well...?? Or you draw them acording price movements adding new ones acording to new price levels ??
JacekPreserve Precious Capital
  • #20,997
  • Apr 27, 2013 12:35am Apr 27, 2013 12:35am
Quoting Jackub
{quote} Jordfx, Makes me wonder how old monthly OHLC you will take for your consideration as S/R lines?? Was making some testing and seems to up to three months old they work pretty well...?? Or you draw them acording price movements adding new ones acording to new price levels ??
Now you've started asking the right questions....lol.
  • #20,998
  • Apr 28, 2013 7:01pm Apr 28, 2013 7:01pm
TO EJ Short 2 trades: Off of broken support closed at RN, then off of RN, closed at channel line. Took small PIPS. This is a micro account and the spread is not very good. I guess an ECN/mini+ account could have taken 10+ PIPs.
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  • #20,999
  • Apr 29, 2013 12:38am Apr 29, 2013 12:38am
EJ. 50% closed for 66pips.
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  • #21,000
  • Apr 29, 2013 12:39am Apr 29, 2013 12:39am
GJ. 50% closed for 55pips.
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