Another simple system - Time-Frame 15 | Page 1060 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Multi time frame Simple MACD system 824 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Another simple system - Time-Frame 15
Exit Attachments

Another simple system - Time-Frame 15

  • #21,181
  • May 16, 2013 6:38am May 16, 2013 6:38am
Quoting jordfx
EURNZD. 50% closed for 70pips. Just looking for rejection from strong support/resistance (dynamic or static) and then trade with the trend. {image}
EURNZD update. Price was stalling a few pips from my original TP so closed final position for 198pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EN.png Size: 28 KB
  • #21,182
  • May 16, 2013 6:39am May 16, 2013 6:39am
Quoting samsungs3
Pay the price for not follow the rule. I need to wait IDT cross below yellow if I want to short EURUSD. So 12 pips USDJPY - 6 pips EURUSD = + 6 pips net .
HI, you were just trying to sell into weekly 127% fib, this is often very strong S/R zone

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 46 KB
JacekPreserve Precious Capital
  • #21,183
  • May 16, 2013 6:49am May 16, 2013 6:49am
Quoting jordfx
{quote} EURNZD update. Price was stalling a few pips from my original TP so closed final position for 198pips. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-16_14-42.jpg Size: 55 KB


I can see nice trade really, but was looking like price will pulback and bounce DOWN from red EMA..... what did you feel that momnet?? It was not certain the price will go up again... after such long run down.. it was fifth wave or what?
JacekPreserve Precious Capital
  • #21,184
  • May 16, 2013 7:27am May 16, 2013 7:27am
Buy GBPJPY +20pips, other half at BE.

Missed the initial break, waited for price to retrace back to 10ema and RN, entry candle is an Arjun candle.
Stop loss was few pips below RN.

Daily Target met, remaining is bonus. Remember, 20 pips is all you need to build the wealth.

Lovely trades Jordfx, Jackub

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-16_1309 aa.jpg Size: 171 KB
Let your plan trade for you, not your emotion!!!
  • #21,185
  • May 16, 2013 7:36am May 16, 2013 7:36am
Quoting Jackub
{quote} {image} I can see nice trade really, but was looking like price will pulback and bounce DOWN from red EMA..... what did you feel that momnet?? It was not certain the price will go up again... after such long run down.. it was fifth wave or what?
Higher timeframe trends don't change easily. That's why if you noticed, I don't even place the 10 and 50 mas on my charts anymore. Trading with the major trends especially the 800ema on 15mtf is pretty high probability. 7 times out of ten will be winners. Thats good enough for me. Like I always say, use the MAs for TREND DIRECTION. Not for entries. The 800e also coincided with April High. Thats a pretty solid and strong support confluence for TREND CONTINUATION.
  • #21,186
  • May 16, 2013 7:39am May 16, 2013 7:39am
Quoting jordfx
{quote} Higher timeframe trends don't change easily. That's why if you noticed, I don't even place the 10 and 50 mas on my charts anymore. Trading with the major trends especially the 800ema on 15mtf is pretty high probability. 7 times out of ten will be winners. Thats good enough for me. Like I always say, use the MAs for TREND DIRECTION. Not for entries.
Thanks Jordfx, got it clear...
JacekPreserve Precious Capital
  • #21,187
  • May 16, 2013 7:46am May 16, 2013 7:46am
Quoting jordfx
I perceive strong accumulation/distribution going on in EU, GU, EJ, GJ. The dam should burst soon. Now the tricky part...the entries..lol.
And there they go...
  • #21,188
  • May 16, 2013 8:28am May 16, 2013 8:28am
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 42 KB


One of my famous mistakes... SL below weely 127%fib instead above... I am like child, you can tell me hundreds of times do not do this....
JacekPreserve Precious Capital
  • #21,189
  • May 16, 2013 8:41am May 16, 2013 8:41am
Quoting jordfx
{quote} And there they go...
No, thank you, do not feel comfortable with news trading, I am a permanent newbie...
JacekPreserve Precious Capital
  • #21,190
  • May 16, 2013 9:35am May 16, 2013 9:35am
Quoting Jackub
{quote} No, thank you, do not feel comfortable with news trading, I am a permanent newbie...
Trick is not enter during news but to follow your chart analysis and be in already at Strong Support/Resistance.
GBPUSD. 50% closed for 81pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 22 KB
  • #21,191
  • May 16, 2013 9:45am May 16, 2013 9:45am
Quoting jordfx
{quote} Trick is not enter during news but to follow your chart analysis and be in already at Strong Support/Resistance. GBPUSD. 50% closed for 81pips. {image}
It is really nice Jordfx, and I love it, BUT .... I will be happy when finally, one day will be able to recognise place to proper entry within seconds, and will be mentaly strog enough to keep my position as long as target will be reached. Probably this day will come, but antil then I have to work on regular basis, not in a hurry, step by step, without pressure of faling knifes, skyrockets, stupid mistakes etc., etc.. not yet, not yet
JacekPreserve Precious Capital
  • #21,192
  • May 16, 2013 11:02am May 16, 2013 11:02am
Jordfx,
I would like to ask you few more questions, if you don't mind…..
As you see my posted charts templates I am using, is your concept, available here on thread files… but at the moment you are not using any more 10, 50 Ma's. I do understand this, but also from your template despaired ATR, SONIC News , ADR, Weekly Fibs, there is no monthly OHLC lines…….. but sometimes I can see Volume indicator, TDI all minimized… chart looks naked, what is just beautiful .
Now questions:
1. Are you using candlesticks patterns under consideration in your entries? can't see you are using them rather price level is what you pay attention to…
2. What is the volume indicator, can you tell me where can find this and where I can get some stuff to study this issue?
3. Are you marking monthly OHLC lines for trading and the hide them after, or what is the reason I cannot see them??
I do not wont to scare you with amount of the questions, so this will be for tonight … HI!
Thank you in advance
JacekPreserve Precious Capital
  • #21,193
  • May 16, 2013 11:10am May 16, 2013 11:10am
Quoting jordfx
{quote} Trick is not enter during news but to follow your chart analysis and be in already at Strong Support/Resistance. GBPUSD. 50% closed for 81pips. {image}
you S/R it was march close and confluence with 1.52000, is it right ?
March close and april open was not same level , I din't marked march close only april open, damn...
JacekPreserve Precious Capital
  • #21,194
  • May 16, 2013 11:52am May 16, 2013 11:52am
Short USDJPY .
Trend is down ,
PA is below EMA10,
ITD cross below yellow line,
Yellow line point down .
Short : 102.19
Target :101.90
SL: 102.39
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy(short).png Size: 9 KB
  • #21,195
  • May 16, 2013 12:22pm May 16, 2013 12:22pm
TO 15+ EJ short break of RN, tight S/L on top of pin bar. T/P above D1 10ema. A little early entry but PPA supported it.

I'm reading Arjun's posts and I'm trying to imprint his style in my brain. For a newbie it starts simple then it's all this additional things you need to watch out for. This game is VERY SUBTLE.

When I'm following the rules things seem to work out, when I'm trading "on a hunch" it all goes to pot... Only masters can trade on a hunch...

PS: changed broker for much better spread...
Attached Image (click to enlarge)
Click to Enlarge Name: w05152013.png Size: 49 KB
  • #21,196
  • May 16, 2013 1:36pm May 16, 2013 1:36pm
Quoting Jackub
Jordfx, I would like to ask you few more questions, if you don't mind….. As you see my posted charts templates I am using, is your concept, available here on thread files… but at the moment you are not using any more 10, 50 Ma's. I do understand this, but also from your template despaired ATR, SONIC News , ADR, Weekly Fibs, there is no monthly OHLC lines…….. but sometimes I can see Volume indicator, TDI all minimized… chart looks naked, what is just beautiful . Now questions: 1. Are you using candlesticks patterns under...
Like I explained earlier I stopped paying much attention to the 10, 50mas because they only reflect the average of the last 10, 50 bars respectively. I would rather watch price exclusively in that range. The 200 and 800mas on the other give a good visual of longer term trend direction over the last 200 and 800 bars respectively. These mas don't change direction easily, less noisy and more stable, especially the 800ma. They represent pretty good DYNAMIC support and resistance. Especially if they coincide in confluence with other S/R like daily, weekly and monthly OHLC, etc. If I get my entries and direction just right, I don't bother with ATR, FIBS AND News. If I miss a good entry before news, I use the news to get back in at a good price.

1. Yes I pay more attention to price levels rather than candlesticks. Though of course I still pay attention to candlestick rejection signals from critical price levels. I've even started placing limit orders at certain price levels and simply go to sleep. Limit orders. Not Stop orders. There's a difference.

2. The Volume indicator is included in the indicators folder of your MT4. There are so many schools of thought on interpreting volume signals. I simply use it to confirm buying or selling interest at critical price levels. Do your own backtesting and arrive at your own conclusions on how best to utilise this tool. It can be quite confusing at times, but with time you'll begin to get the hang of it.

3. I always pay attention to Monthly OHLC. If you don't see them on my charts sometimes, it's probably because I notice no significant buying or selling interest in any near by ones.

Hope this helps. Trade safe.
  • #21,197
  • May 16, 2013 1:42pm May 16, 2013 1:42pm
Quoting jordfx
{quote} Like I explained earlier I'm not using 10,

Thank you very much Jordfx, will study this informations with charts tomorrow, is late already time to bed,
Good Trading
JacekPreserve Precious Capital
  • #21,198
  • Edited 1:56am May 17, 2013 1:43am | Edited 1:56am
First UJ position closed at TP1, 21 pips

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym15.png Size: 50 KB
JacekPreserve Precious Capital
  • #21,199
  • May 17, 2013 1:56am May 17, 2013 1:56am
First GJ position hit TP1, 31,8 pips

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 49 KB
JacekPreserve Precious Capital
  • #21,200
  • May 17, 2013 2:27am May 17, 2013 2:27am
Quoting Jackub
First GJ position hit TP1, 31,8 pips {image}
Trading with the trend. Nicely done.
7 traders viewing now