Another simple system - Time-Frame 15 | Page 1056 | Forex Factory

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Another simple system - Time-Frame 15

  • #21,101
  • May 8, 2013 12:20pm May 8, 2013 12:20pm
Took a litte while to read the thread,but it seems a litte bit mess for the trading rules.I wasn't sure if this is correct.And if its wrong please correct me.
For long entry:1.PA above 200 ema ,and 10 ema.2.TDI green and red lines cross yellow.3.The round number indicator(Not sure how to use it exactly).4.Trade after london market open(shows as the vertical line right?)
For short entry:Vice versa.
I wish someone could help me with my questions,many thx.
  • #21,102
  • May 8, 2013 1:51pm May 8, 2013 1:51pm
Quoting myrong18
Took a litte while to read the thread,but it seems a litte bit mess for the trading rules.I wasn't sure if this is correct.And if its wrong please correct me. For long entry:1.PA above 200 ema ,and 10 ema.2.TDI green and red lines cross yellow.3.The round number indicator(Not sure how to use it exactly).4.Trade after london market open(shows as the vertical line right?) For short entry:Vice versa. I wish someone could help me with my questions,many thx.
Correct. BUT. You still need to understand market structure and the basic principles of Price Action to really reap the benefits. Trade safe.
  • #21,103
  • May 8, 2013 5:27pm May 8, 2013 5:27pm
Quoting jordfx
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.
can you post your chart during the trade, not after the trade?
or if it's after the trade, please put some explanation for entry/exit so we can learn, instead of the amount of pips in profits
thank you
back... and more dangerous.
  • #21,104
  • May 9, 2013 1:44am May 9, 2013 1:44am
Quoting kbp
{quote} can you post your chart during the trade, not after the trade? or if it's after the trade, please put some explanation for entry/exit so we can learn, instead of the amount of pips in profits thank you
I am not here to make live calls so newbies can copy my trades. I learnt by studying charts from other successful traders. Put in the hardwork and do the same. If you've been following my recent posts, others have asked the same question and I've kept saying my reasoning for taking all my trades are all the same. Buy Low, Sell High. I buy when price stalls and I deem it can't break through PROVEN support. I sell when price stalls and deem it can't break through PROVEN resistance. I pay particular attention to relevant Monthly S/R levels (OHLC). I use the EMAs to confirm DIRECTION or TREND(COUNTER TREND) and as swing points to get re entries after pullbacks into trades when I miss the initial entry. Other tools like gauging MOMENTUM, DIVERGENCE, VOLUME,etc are simply additional tools I use to confirm and increase the probabilities of the trades. Study all my charts with respect to all these details and you'll understand.
  • #21,105
  • May 9, 2013 1:49am May 9, 2013 1:49am
EURJPY.50% closed for 48pips. Reasons for Entry and Exit are pretty obvious.
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  • #21,106
  • May 9, 2013 1:50am May 9, 2013 1:50am
Quoting jordfx
{quote} I am not here to make live calls so newbies can copy my trades. I learnt by studying charts from other successful traders. Put in the hardwork and do the same. If you've been following my recent posts, others have asked the same question and I've kept saying my reasoning for taking all my trades are all the same. Buy Low, Sell High. I buy when price stalls and I deem it can't break through PROVEN support. I sell when price stalls and deem it can't break through PROVEN resistance. I pay particular attention to relevant Monthly S/R levels...
Wow, here you are!!! Blueprint!!!
din't I tellya its easy??!!...
JacekPreserve Precious Capital
  • #21,107
  • May 9, 2013 2:10am May 9, 2013 2:10am
EURNZD. 50% closed for 135pips.
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  • #21,108
  • Edited 2:28am May 9, 2013 2:12am | Edited 2:28am
Jordfx,
My jokes and this "rolfs" just showing my own anger, that I can not see all this opportunities you showing with your trades, I just try on charts to find out situation, and in most of the cases trades work out (testing charts), but to applay this skill on M15 " live" is for me kind of miracle. I do not trade M15 but months I am watching your trades, and even lately trying to study them. It is amaizing, needles to say pure, purest possible praice action.
Thank You very much, please stay and continue your supporting us work...
JacekPreserve Precious Capital
  • #21,109
  • May 9, 2013 2:26am May 9, 2013 2:26am
EURAUD. 50% closed for 78pips.
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  • #21,110
  • May 9, 2013 3:08am May 9, 2013 3:08am
Quoting Jackub
Jordfx, My jokes and this "rolfs" just showing my own anger, that I can not see all this opportunities you showing with your trades, I just try on charts to find out situation, and in most of the cases trades work out (testing charts), but to applay this skill on M15 " live" is for me kind of miracle. I do not trade M15 but months I am watching your trades, and even lately trying to study them. It is amaizing, needles to say pure, purest possible praice action. Thank You very much, please stay and continue your supporting us work... ...
Hi Jordfx.
Thank you so much for your chart. these are very usefull to me. on this chart you have mentioned "Volume" that mean MT4 Volume?
  • #21,111
  • May 9, 2013 3:41am May 9, 2013 3:41am
Quoting myrong18
Took a litte while to read the thread,but it seems a litte bit mess for the trading rules.I wasn't sure if this is correct.And if its wrong please correct me. For long entry:1.PA above 200 ema ,and 10 ema.2.TDI green and red lines cross yellow.3.The round number indicator(Not sure how to use it exactly).4.Trade after london market open(shows as the vertical line right?) For short entry:Vice versa. I wish someone could help me with my questions,many thx.
honestly i believe TDI is a waste of space especially if we are trading the M15 chart. Sorry for everyone who disagree with me but looking at PA alone, EMA 200/10, and EMA 200 in higher timeframe are way better than clouding our judgment with TDI. TDI is hard to be backtested and it always give late signal especially if we want to enter with tight SL (10-15 pips).

Consider it like this. A TDI cross happened 2 hours ago. now you could easily see it but actually it doesnt work that way. When a cross happen then PA reverse quickly one bar after that, the TDI would then change again and it would appear as if they actually never crossed. So for backtesting purposes, TDI is actually not a good method because you often do not see TDI cross (which actually happen if you were there monitoring your position. but because the next bar quickly reverse, the TDI would appear as if it never crossed)

thats why TDI doesnt give enough confidence to me because it almost always late in crossing and there's no proper way to backtest TDI. CMIIW because i know im still learning and still has much to learn!
  • #21,112
  • May 9, 2013 4:33am May 9, 2013 4:33am
Quoting Davidnguyen
{quote} Hi Jordfx. Thank you so much for your chart. these are very usefull to me. on this chart you have mentioned "Volume" that mean MT4 Volume?
'Tick' Volume, yes. As against 'actual' volume being traded. There's no way of measuring 'true' volume in a non centralised market like spot fx.
  • #21,113
  • May 9, 2013 4:43am May 9, 2013 4:43am
fail again....

reason i enter with attachment....



sorry wrong...the price is bounce yesterday closed...
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  • #21,114
  • May 9, 2013 4:44am May 9, 2013 4:44am
Quoting rsg10z
{quote} honestly i believe TDI is a waste of space especially if we are trading the M15 chart. Sorry for everyone who disagree with me but looking at PA alone, EMA 200/10, and EMA 200 in higher timeframe are way better than clouding our judgment with TDI. TDI is hard to be backtested and it always give late signal especially if we want to enter with tight SL (10-15 pips). Consider it like this. A TDI cross happened 2 hours ago. now you could easily see it but actually it doesnt work that way. When a cross happen then PA reverse quickly one bar after...
Thing about indicators generally(not just TDI), is that they are ALL lagging. And they all derive their information and data from PRICE. That doesn't mean they're totally useless. Just means most people end up over relying on them and expect them to do what they are intrinsically NOT designed to do. There are people who know what to do with it and still use the TDI to take trades successfully. Just figure out what works for you. Some successful traders yield too much to the temptation of thinking only what works for them WORKS. Again, NOT NECESSARILY. Different strokes for different folks. Just figure out what works for you. Stick with it and make some money. Period.
  • #21,115
  • May 9, 2013 4:56am May 9, 2013 4:56am
Quoting lowweiting
fail again.... reason i enter with attachment.... sorry wrong...the price is bounce yesterday closed... {image}
go long was risky.... I think

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JacekPreserve Precious Capital
  • #21,116
  • May 9, 2013 4:58am May 9, 2013 4:58am
Quoting lowweiting
fail again.... reason i enter with attachment.... sorry wrong...the price is bounce yesterday closed... {image}
Reason buy rally failed previously most likely not enough liquidity, volume to drive the breakout. How can they remedy that? By trying to get more traders to commit to SHORTS first, then take out their stops and take their money with the long breakout. So for now I'm short. BUT NOT FOR LONG.
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  • #21,117
  • May 9, 2013 5:05am May 9, 2013 5:05am
Quoting jordfx
{quote} Reason buy rally failed previously most likely not enough liquidity, volume to drive the breakout. How can they remedy that? By trying to get more traders to commit to SHORTS first, then take out their stops and take their money with the long breakout. So for now I'm short. BUT NOT FOR LONG. {image}
thk jordFx,

do use still use Jan,Feb,March Open high low close as S&R????
  • #21,118
  • May 9, 2013 5:36am May 9, 2013 5:36am
Quoting lowweiting
{quote} thk jordFx, do use still use Jan,Feb,March Open high low close as S&R????
Yes. Whichever is standing in the way of price movement is relevant.
  • #21,119
  • May 9, 2013 5:41am May 9, 2013 5:41am
EURJPY. Remaining position taken out for 11pips. Stop loss set too tight. lol. I'm still human after all .
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  • #21,120
  • May 9, 2013 6:03am May 9, 2013 6:03am
Quoting jordfx
{quote} Yes. Whichever is standing in the way of price movement is relevant.
question....
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