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Another simple system - Time-Frame 15

  • #21,061
  • May 3, 2013 1:17pm May 3, 2013 1:17pm


Quoting Hercs
{quote} ============= Brilliant trading Jordfx; simply brilliant.
  • #21,062
  • May 6, 2013 8:34pm May 6, 2013 8:34pm
Great opportunities at TO EJ short easy 15-20 pips+. Broke MN 200ema/H1 10ema/Fhr Pivot -> 1st trade TP around H4 10ema; 2nd trade -> Broke previous day low / 200ema / RN 12+ pips.

What's the idiocy, then? When you are a rookie and you get some good trades, you get fake rookie confidence... For whatever reason I also thought that the retrace from yesterday's low / H4 10ema was a strong rejection (instead it was of course profit taking, etc) and executed this brainless CT, which HAD no connection to any LE1 principals. I just felt empowered (good gut feeling). Guess what ---> -20 pips on that one.

All in all: 2 great and easy trades and 1 gross blunder trade, resulting in -5 pips for the day.

Foolish BUT a good lesson.
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  • #21,063
  • May 7, 2013 1:19am May 7, 2013 1:19am
Quoting rkp
Great opportunities at TO EJ short easy 15-20 pips+. Broke MN 200ema/H1 10ema/Fhr Pivot -> 1st trade TP around H4 10ema; 2nd trade -> Broke previous day low / 200ema / RN 12+ pips. What's the idiocy, then? When you are a rookie and you get some good trades, you get fake rookie confidence... For whatever reason I also thought that the retrace from yesterday's low / H4 10ema was a strong rejection (instead it was of course profit taking, etc) and executed this brainless CT, which HAD no connection to any LE1 principals. I just felt empowered (good...
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  • #21,064
  • May 7, 2013 1:46am May 7, 2013 1:46am
GBPJPY. 50% closed for 67pips.
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  • #21,065
  • May 7, 2013 2:17am May 7, 2013 2:17am
GBPCHF. 50% closed for 21pips.
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  • #21,066
  • May 7, 2013 6:20am May 7, 2013 6:20am
Quoting jordfx
GBPJPY. 50% closed for 67pips. {image}
Jord!!! that's an awesome trade. I' looked at it left and right... top and down.. everywhere, but couldn't understand... how U could find that trade! Can U post a line or two along with ur charts... wht and why U made this trade? it'll be a lot of help for us... to learn
thanks a lot!

vinay
  • #21,067
  • May 7, 2013 6:48am May 7, 2013 6:48am
Quoting vinforex7
{quote} Jord!!! that's an awesome trade. I' looked at it left and right... top and down.. everywhere, but couldn't understand... how U could find that trade! Can U post a line or two along with ur charts... wht and why U made this trade? it'll be a lot of help for us... to learn thanks a lot! vinay
I have the same question
RevarK
  • #21,068
  • May 7, 2013 7:18am May 7, 2013 7:18am
Look how many people wanted to know the reason for the entry


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RevarK
  • #21,069
  • Edited 7:33am May 7, 2013 7:21am | Edited 7:33am
Quoting RevarK
Look how many people wanted to know the reason for the entry {image}
hahaha. very funny! Here you go then. This was actually one of the more obvious entries actually.
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  • #21,070
  • May 7, 2013 7:31am May 7, 2013 7:31am
Thank you for the quick reply

Many times I fell into that trap ...

I tought that volatility TDI band may be the reason, but I see that You don't use TDI.
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RevarK
  • #21,071
  • May 7, 2013 7:47am May 7, 2013 7:47am
Another GBPCHF trade. 50% closed for 56pips.
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  • #21,072
  • May 7, 2013 7:48am May 7, 2013 7:48am
My entry was little too late, based on H1 candle closed under 10 ema.
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RevarK
  • #21,073
  • May 7, 2013 7:53am May 7, 2013 7:53am
EURCAD. 50% closed for 30pips.
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  • #21,074
  • May 7, 2013 8:26am May 7, 2013 8:26am
Quoting jordfx
EURCAD. 50% closed for 30pips. {image}
jordfx, what strategy are you using? Same like the one on first post on this threat ? I think its different ?
sorry, im new in forex
  • #21,075
  • May 7, 2013 9:19am May 7, 2013 9:19am
Quoting jordfx
{quote} hahaha. very funny! Here you go then. This was actually one of the more obvious entries actually. {image}
hey.. thanks Jord!
Nice of U to explain... we get a different view of things and it works!!!! thank U!
will catch up with ur earlier posts soon...! Im only at page 200... and miles to go before I sleep! pls keep posting...! appreciate it!

vinay
  • #21,076
  • May 7, 2013 9:24am May 7, 2013 9:24am
Hello jordfx
I have a question in trying to understand your method. On Monday, May 6, both AUD/USD and EUR/USD moved down to their (monthly) Feb close/March open points. E/U moved back up from that price, while A/U continued down through it's monthly point. Is there something in your analysis that alerts you to the different reactions? Or is it just one of those times when it is not a good setup? Perhaps pkimnyc would say something like H4 momentum...
To me, in hindsight, it seems that both moves on the M15 chart are similar to the move of the E/J "I'm same with you" trades that you, kaka_ht, xhale, etc. made a while ago.

I also notice that you were focused on other pairs/crosses during the same time. Perhaps I am not scanning for the correct setups. I appreciate your help.

Thank you for all of the posting you do.
  • #21,077
  • Edited 11:29am May 7, 2013 11:06am | Edited 11:29am
Quoting SixthS
{quote} jordfx, what strategy are you using? Same like the one on first post on this threat ? I think its different ? sorry, im new in forex
I started out using this threads strategy as it is and started becoming profitable in my trading. I decided to try getting much earlier entries and so started paying attention to other information like DIVERGENCE, MOMENTUM, VOLUME, SUPPLY AND DEMAND.
  • #21,078
  • May 7, 2013 11:50am May 7, 2013 11:50am
GBPJPY. Final position closed for 137pips.
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  • #21,079
  • May 7, 2013 11:52am May 7, 2013 11:52am
EURJPY. 50% closed for 78pips.
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  • #21,080
  • May 7, 2013 11:58am May 7, 2013 11:58am
EURAUD. 50% CLOSED FOR 40pips.
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