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Another simple system - Time-Frame 15

  • #21,081
  • May 7, 2013 11:58am May 7, 2013 11:58am
Quoting jordfx
{quote} 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.
I've read 1-10 pages on this thread , but where i can start learn your method ? I mean on what page ? This thread has enormous page and i cant look at it one by one

Mine is like this when i applied the template from the first post. Can you explain yours and how to ?
Sorry for very newbie questions
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  • #21,082
  • May 7, 2013 12:03pm May 7, 2013 12:03pm
EURNZD. 50% closed for 59pips.(amazing entry even for me!)
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  • #21,083
  • Edited 12:42pm May 7, 2013 12:30pm | Edited 12:42pm
Quoting SixthS
{quote} I've read 1-10 pages on this thread , but where i can start learn your method ? I mean on what page ? This thread has enormous page and i cant look at it one by one Mine is like this when i applied the template from the first post. Can you explain yours and how to ? Sorry for very newbie questions {image}
You can learn almost anything from google you know?(thats with respect to stuff like divergence, momentum, volume, etc). I would highly recommend you go through the trading classes at BABYPIPS.COM. Also you can go to my profile page, click on 'POST ACTIVITY' and you can have access to all my posts so far. That way you can study my thought processes and style and see if it fits you. Every one really has to work out his own unique style of trading though, which could be bits and pieces of other methods and strategies. What works for one person might not necessarily work for you.
  • #21,084
  • Edited 9:56pm May 7, 2013 9:22pm | Edited 9:56pm
TO: -18.5+5.3+2.4+4.8+5.1+4.9 = 4 pips (greenhorn)

My account is micro and the spreads are not good. I know on a mini account with a good spread this could've been at least 15 pips. I had a good micro account thru Armada (I introduced it to Arjun) but their liquidity sucks and they started "spiking" too much... Oh, yeah if you complain they will refund you but no profit on that one

The flop was a bull trap on NU.

Let's go trade by trade:

EJ:
1. Shorted after the wick on the R on chart (red line). Exit at 10ema.
2. Break of 200ema & H4 10ema. Closed at M_M3/D pivot. I figured it'd go past that but me, being a (green chicken), went for the safer exit.

AJ (160 pips DR wow - another good pair):
1. Break of H1 800ema/H4 200ema (parallel to EJ 2. - related pairs seems). Closed at H1 10ema. Again I felt it would go past that as it did but I again played it safe.

AU:
1. Late short after DD (double doji). Closed before PDL. Slow movement. I think I should concentrate on EJ & AJ more at TO.

NU ( - I guess "RBNZ Financial Stability Report" had huge impact)
1. Longed the bull trap - thought it was a break of H4 200ema & all kinds of pivots PLUS PA was leaning towards a long I thought -18
2. Quick scalp after break of RN 0.84.

Can some of the expert guys (jordfx) kick my ass and give me critisim on my style. I feel I'm too chicken.

QUESTION 1: Should I enter trades and leave the computer and let the trades run like Arjun and others are doing? This way I could probably make more PIPS (I'm babysitting the trades too much and I chicken out and close prematurely)? OR is this for advanced traders only and I should always babysit the trades until I improve???

QUESTION 2: Should I trade only 1-2 pairs for now so I don't distract too much and make rookie mistakes? I like EJ & AJ at TO for now. NU (NZDUSD) seems to move a lot at times (news?) but it's proven tricky or is it?... I only trade TO right now (hate waking up early) and it seems to move nicely.

QUESTION 3: My broker has an ECN/Currenex account type option with lower spreads - 1 pip on EJ and $10 commission on every 100,000 USD (1.0 lot for me). Is this a better option for me? The min lots is also 0.01.

Thank you all - all comments welcome!
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  • #21,085
  • Edited 3:27am May 8, 2013 2:08am | Edited 3:27am
Quoting rkp
TO: -18.5+5.3+2.4+4.8+5.1+4.9 = 4 pips (greenhorn) My account is micro and the spreads are not good. I know on a mini account with a good spread this could've been at least 15 pips. I had a good micro account thru Armada (I introduced it to Arjun) but their liquidity sucks and they started "spiking" too much... Oh, yeah if you complain they will refund you but no profit on that one The flop was a bull trap on NU. Let's go trade by trade: EJ: 1. Shorted after the wick on the R on chart (red line). Exit at 10ema. 2. Break of 200ema & H4...
Work on the DISCIPLINE to follow a simple set of rules for now and grow from there. DON'T RUSH. You can try using the TDI for CONFIRMATION before taking trades. Entries might be late but they're already late as it is now so you do gain the advantage of confirmation.
1. Staying or leaving the computer depends on how many pips you're targeting. For now it would probably be best to stick with 10 - 20pips which shouldn't take long to hit. DISCIPLINE. Don't interfere with your trades till either the stop or TP is hit EXCEPT if the LOGIC or REASONING that got you into the trade in the first place has changed. If this results in more bad trades more often than good trades then it's your LOGIC that has to be worked on, not closing the trades manually. 2. Trade one or two pairs only now. You like EJ and AJ, so stick with those. DON'T RUSH. 3. ECN broker is a better option.

Learn Market Structure. Don't use the ema's for entry trigger's. They are more for trend direction than anything else.
  • #21,086
  • May 8, 2013 2:17am May 8, 2013 2:17am
EURJPY. Final position closed for 113pips.
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  • #21,087
  • May 8, 2013 2:21am May 8, 2013 2:21am
EURCAD. 50% closed for 38pips.
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  • #21,088
  • May 8, 2013 2:22am May 8, 2013 2:22am
Quoting jordfx
EURJPY. Final position closed for 113pips. {image}
Must say this, your strategy is so easy...
You just sell high and buy low....

But seriously, I am amazed with your performance ...
JacekPreserve Precious Capital
  • #21,089
  • May 8, 2013 2:48am May 8, 2013 2:48am
Quoting Jackub
{quote} Must say this, your strategy is so easy... You just sell high and buy low....
The AHA moment. Never underestimate peoples ability to utterly complicate even the simplest of things.
  • #21,090
  • May 8, 2013 3:02am May 8, 2013 3:02am
Quoting jordfx
{quote}
......you can study my thought processes and style and see if it fits you. Every one really has to work out his own unique style of trading though, which could be bits and pieces of other methods and strategies. What works for one person might not necessarily work for you.
Well said...

P.S.
Great results
RevarK
  • #21,091
  • May 8, 2013 3:12am May 8, 2013 3:12am
Jordfx:

1. Now you've started asking the right questions....lol.

2. The AHA moment. Never underestimate peoples ability to utterly complicate even the simplest of things.

Well, well I am getting better!
JacekPreserve Precious Capital
  • #21,092
  • May 8, 2013 3:24am May 8, 2013 3:24am
Quoting Jackub
Jordfx: 1. Now you've started asking the right questions....lol. 2. The AHA moment. Never underestimate peoples ability to utterly complicate even the simplest of things. Well, well I am getting better!
  • #21,093
  • May 8, 2013 3:46am May 8, 2013 3:46am
Waiting to short USDJPY.
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  • #21,094
  • May 8, 2013 4:57am May 8, 2013 4:57am
Fail EJ,

Reason trade, 4H and 1H closed below 10EMA...

anyone can help me ??
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  • #21,095
  • Edited 7:09am May 8, 2013 6:21am | Edited 7:09am
Quoting lowweiting
Fail EJ, Reason trade, 4H and 1H closed below 10EMA... anyone can help me ?? {image}
Lowweiting, strictly speaking, that is not a failed trade according to Arjun's concepts. Your entry was simply too late. If you had entered immediately the previous candle closed, it went exactly 10pips in your favour before reversing. And at worst Arjun expects you to move to break even after 10pips or take profit entirely. If you want more pips with high probabilities, then you'll have to work on earlier entries. But if you want to stick to Arjun's entrie, then enter immediately after candle closes and aim for 10 - 15pip targets; simply adjust your lot size per trade to compensate for the smaller pips.

If you want to snag more pips using Arjun's entries, always consider the slope and directions of the emas. Look at the emas on your chart. Do they look like they are going anywhere just yet? Also look at the slope of the yellow MBL line on your TDI. That tells you market sentiment is actually up for now.
  • #21,096
  • May 8, 2013 7:13am May 8, 2013 7:13am
is Arjun the one who created this topic? (i.e. nickname loveevery1) ? if not, where can I find his/her posts for some references/study?
thank you
back... and more dangerous.
  • #21,097
  • May 8, 2013 7:19am May 8, 2013 7:19am
Quoting kbp
is Arjun the one who created this topic? (i.e. nickname loveevery1) ?
Yes.
  • #21,098
  • May 8, 2013 7:31am May 8, 2013 7:31am
Quoting jordfx
{quote} Lowweiting, strictly speaking, that is not a failed trade according to Arjun's concepts. Your entry was simply too late. If you had entered immediately the previous candle closed, it went exactly 10pips in your favour before reversing. And at worst Arjun expects you to move to break even after 10pips or take profit entirely. If you want more pips with high probabilities, then you'll have to work on earlier entries. But if you want to stick to Arjun's entrie, then enter immediately after candle closes and aim for 10 - 15pip targets; simply...
1. Moving to be after being up 10 pips is a godawful idea. I can get a bit more technical and dive into how it would drastically hamper your profit potential, while not providing much more in the way of risk aversion but I'm sure you can figure that out yourself.

2. Earlier entries have nothing to do with "higher probabilities".

3. The "MBL line" does not tell you that market sentiment is up. If you think some line on an indicator can accurately predict market sentiment you are delusional.

4. Now all of a sudden your an investment manager? I think I smell whats going on here.....
What is any ocean but a multitude of drops?
  • #21,099
  • May 8, 2013 8:11am May 8, 2013 8:11am
Quoting Xhale
{quote} 1. Moving to be after being up 10 pips is a godawful idea. I can get a bit more technical and dive into how it would drastically hamper your profit potential, while not providing much more in the way of risk aversion but I'm sure you can figure that out yourself. 2. Earlier entries have nothing to do with "higher probabilities". 3. The "MBL line" does not tell you that market sentiment is up. If you think some line on an indicator can accurately predict market sentiment you are delusional. 4. Now all of a sudden your an investment manager?...
1. He lost about 30pips on that trade! How is ending the trade at BE instead a 'godawful' idea??? The TP target of arjun's entries are typically 10 - 15pips as he himself said countless times. For those who still choose to trade his style, the advice is very valid.

2. Earlier entries at proven S/R zones are 'higher probability'.

3. For those who choose to use the TDI, the MBL represents 'Market Sentiment'. They might as well trade with it as such. If, like you, they no longer think it's true, they may as well discard it. The most important thing is to use whatever works for you.

4. I started here as a newbie not making profit in my trading. Now that I'm trading full time with good results, I can and have started accomodating the responsibility of being an investment manager. If that smells foul to you, I don't blame you. There's no doubt there are lots of shady characters on FF and Forums. BUT I don't manage funds for anyone here online.(Not yet anyway) . I only do buisness with friends, family and people I know personally here in my country. My contributions here are strictly to share my charts to help others as I myself have been helped since coming here. If folks here think I have overstayed my usefulness I will stop posting. I do not wish to cause any uproar like Gibril, Assange, Pat Chiko, etc have done in the past. If you have any issues with me pls PM me and lets sort it out like friends that I assume (wrongly???) we are.

Thanks. Trade safe.
  • #21,100
  • May 8, 2013 11:37am May 8, 2013 11:37am
Quoting jordfx
{quote} Work on the DISCIPLINE...
Great pointers! I will adapt to what you're recommending and go from there.

Thank you, buddy!
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