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Another simple system - Time-Frame 15

  • #21,141
  • May 9, 2013 1:38pm May 9, 2013 1:38pm
Hi Jordfx , why this area is not good for entry ? thx
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  • #21,142
  • May 9, 2013 3:13pm May 9, 2013 3:13pm
Quoting Turbobzik
Hi Jordfx , why this area is not good for entry ? thx {image} {image}
Strong resistance overhead there. No one can catch all the moves. I actually lost some pips on that one trying to go short at the resistance. Didn't envisage the violent breakout. Thought it would probably happen at LO or NY tmrw. No worries though. These sorts of breakouts are what still constitute the most part of my 20% losing trades. All my longs had beeen closed already at that point. One remedy I'm still thinking about is to trade more positions and always leave a certain percentage running perpetually for at least 200pips or so. At present I usually trade 2 positions and close 50% halfway to the next major support or resistance, and then close the last 50% at the S/R.
  • #21,143
  • May 9, 2013 3:56pm May 9, 2013 3:56pm
AUDNZD. Closed 50% for 107pips. Setup info on chart.
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  • #21,144
  • May 10, 2013 2:15am May 10, 2013 2:15am
Thx jordfx !
Quoting jordfx
{quote} Strong resistance overhead there. No one can catch all the moves. I actually lost some pips on that one trying to go short at the resistance. Didn't envisage the violent breakout. Thought it would probably happen at LO or NY tmrw. No worries though. These sorts of breakouts are what still constitute the most part of my 20% losing trades. All my longs had beeen closed already at that point. One remedy I'm still thinking about is to trade more positions and always leave a certain percentage running perpetually for at least 200pips or...
  • #21,145
  • May 10, 2013 8:46am May 10, 2013 8:46am
Quoting jordfx
{quote} I'll advice you at least read through the first few hundred pages of the thread to at least get a basic idea of this trading style. Ema's are 10ema, 50ema, 200ema and 800ema.
ok, i will read through the posts, but may i know whether your trading style is as same as the author of this post (loveevery1)or not? because i noticed that in your chart you dont use TDI but only EMAs.
Trading is not easy
  • #21,146
  • Edited May 11, 2013 2:04am May 10, 2013 10:29am | Edited May 11, 2013 2:04am
Quoting xiaotiao
{quote} ok, i will read through the posts, but may i know whether your trading style is as same as the author of this post (loveevery1)or not? because i noticed that in your chart you dont use TDI but only EMAs.
Read first, ask questions(with charts!) later.
  • #21,147
  • May 13, 2013 6:42am May 13, 2013 6:42am
EU CT....
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  • #21,148
  • May 14, 2013 4:24am May 14, 2013 4:24am
my eu trade... failed just now becoz of the news effect. But please tell me.. was the entry correct?
price breaking out downside of the triangle, 10 ema, 200 ema.. everything in place?
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  • #21,149
  • May 14, 2013 4:41am May 14, 2013 4:41am
my AU Trade, closed for +11 pips manually, and it seems it's gonna get to my previous TP at the RN
pls check the trade entry and please give me ur comments.

update: it hit tp
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  • #21,150
  • May 14, 2013 5:00am May 14, 2013 5:00am
all those trades... I mean ALL, would have been in profit, if I had not panicked after the news effect. Closed all trades just one in profit and net loss 43 pips for today. Just to remind myself and others... it'd be better to close ur trades at news time or on positions possible, put it to BE.

Net loss: 43 pips
another valuable lesson... learning the hard way.
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  • #21,151
  • May 14, 2013 5:08am May 14, 2013 5:08am
My today trade, 7 pips spread... geezz.....

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JacekPreserve Precious Capital
  • #21,152
  • May 14, 2013 7:15am May 14, 2013 7:15am
Quoting Jackub
My today trade, 7 pips spread... geezz..... {image}
Then stop trading this pair.

Taking profit at 30 pips with a 7 pip spread is suicide in the long run.
What is any ocean but a multitude of drops?
  • #21,153
  • May 14, 2013 7:25am May 14, 2013 7:25am
Quoting Xhale
{quote} Then stop trading this pair. Taking profit at 30 pips with a 7 pip spread is suicide in the long run.
Yes sir, I know, I ussualy shows my mistakes, do no treat this as achivement.... I noticed spread ater trade was taken ...
just one of my tons of sins...
JacekPreserve Precious Capital
  • #21,154
  • May 14, 2013 12:50pm May 14, 2013 12:50pm
I've been working on cutting down further on my losing trades. That is those not caused by my stupidity! lol. I noticed a pattern that most of my losers are typically CTs. So for now I'm going to cut down on those and enter more with my definition of the trend.

EURCAD. Closed 50% for 42pips.
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  • #21,155
  • May 14, 2013 12:55pm May 14, 2013 12:55pm
GBPCHF. Closed 50% for 110pips.
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  • #21,156
  • May 14, 2013 8:54pm May 14, 2013 8:54pm
Quoting jordfx
GBPCHF. Closed 50% for 110pips. {image}
Hi Jord!
Wht a trade! Great!!! U opened a buy at 800ema second retest? and why didn't u close at 200ema? then price again retraced to 800ema and then booom.... it broke 200 ema and went up? can u pls explain ur rationale behind your entry and exit?
  • #21,157
  • May 15, 2013 1:05am May 15, 2013 1:05am
Quoting vinforex7
{quote} Hi Jord! Wht a trade! Great!!! U opened a buy at 800ema second retest? and why didn't u close at 200ema? then price again retraced to 800ema and then booom.... it broke 200 ema and went up? can u pls explain ur rationale behind your entry and exit?
Actually there was an ea meant to close a portion of the trade at 200ema but it failed. connectivity issues i think. I wasn't at the computer then, so decided to just let the trade ride the trend direction. The winds are right, so I expect the ship to sail far.
  • #21,158
  • May 15, 2013 1:35am May 15, 2013 1:35am
Quoting jordfx
{quote} Actually there was an ea meant to close a portion of the trade at 200ema but it failed. connectivity issues i think. I wasn't at the computer then, so decided to just let the trade ride the trend direction. The winds are right, so I expect the ship to sail far.
That's cute! ur EA failed.. U r still smiling Keep smiling buddy... Let the wind blow in your direction... all time. Bythe way.. I do know, if the wind don't blow in ur direction.. U'll direct ur ship to the direction the wind is blowing..! Smart boy!
  • #21,159
  • May 15, 2013 2:36am May 15, 2013 2:36am
EURCAD trade update. Remaining position stopped out BE +4pips.
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  • #21,160
  • May 15, 2013 2:42am May 15, 2013 2:42am
GBPCHF trade update. Remaining position closed for 160pips. Missed my TP by a few pips. May re enter if there's a strong enough retrace.
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