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Another simple system - Time-Frame 15

  • #21,241
  • May 20, 2013 11:19pm May 20, 2013 11:19pm
Quoting Jackub
My trade today, wrong judgment, wrong decision made, , closed computer and turned to books {image}
It wasn't a wrong judgement. You made the right decision. Remember no one can PREDICT price action. You entered with the trend. High probability setups don't mean you'll win 100% of the time. UNDERSTAND THAT! The first reject from that dynamic resistance(where you entered) yielded about 35pips, second reject 25pips and third test another 18pips. That tells you buyers are getting stronger. Time to stay on the side lines and let the bulls and the bears battle it out until one surrenders. That 200ema supported the TREND four different times between 14th and 16th May and started failing after another persistent FIVE consecutive attempts all on the 20th. What does that tell you about PROBABILITIES??? If I was trading that pair I would have made all the BIG money FROM THAT TREND already on 14th, 15th and 16th. The trade oon the 20th simply fell into the 20/30% of the time when the high probability setup goes against you. Doesn't mean your judgment or decision was wrong. Part of trading successfully is learning how to interprete and handle your LOSSES and always cutting them short and letting the winners run.
  • #21,242
  • May 20, 2013 11:50pm May 20, 2013 11:50pm
Quoting jordfx
{quote} It wasn't a wrong judgement. .......
Jordfx,
once again thank you for your comments, as always when you writes down all explanations, it looks simple, logical and clear. So why I still can not apply this. Really I am not so stupid as it looks like, but every single, new situation shows again incompetence. What can I do, but continue this battle?
Hope one day trading become "boring"…
JacekPreserve Precious Capital
  • #21,243
  • May 21, 2013 1:58am May 21, 2013 1:58am
EUR/AUD... TP1 hit ... 25 pips
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm15.png Size: 40 KB
JacekPreserve Precious Capital
  • #21,244
  • May 21, 2013 2:30am May 21, 2013 2:30am
Quoting Jackub
EUR/AUD... TP1 hit ... 25 pips {image}
not bad. you're getting the issue of direction straightened out. now entries....at least you could wait for a test of yesterdays low as support...
Attached Image (click to enlarge)
Click to Enlarge Name: EA.png Size: 22 KB
  • #21,245
  • May 21, 2013 2:38am May 21, 2013 2:38am
Quoting jordfx
{quote} not bad. you're getting the issue of direction straightened out. now entries....at least you could wait for a test of yesterdays low as support... {image}
Yesterday high/low has been added to my chart.....
JacekPreserve Precious Capital
  • #21,246
  • May 21, 2013 3:17am May 21, 2013 3:17am
EURNZD. Trading with the trend. 4 positions. 25% closed for 70pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EN.png Size: 21 KB
  • #21,247
  • May 21, 2013 3:45am May 21, 2013 3:45am
hi i have been studying this thread for the past three months,took my first live trade for 10 pips,it was a bounce off the daily 10ema.Entry was on the 15 min chart.Thanks everybody for your contribution.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd day.png Size: 28 KB
Click to Enlarge Name: eurusd good trade.png Size: 28 KB
  • #21,248
  • May 21, 2013 3:57am May 21, 2013 3:57am
took this AU for 9pips,It was a bounce off the daily 10ema and entry on 15 min 10ema bounce,i was scared could not hold longer.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd15.png Size: 26 KB
Click to Enlarge Name: audusd day.png Size: 23 KB
  • #21,249
  • May 21, 2013 4:03am May 21, 2013 4:03am
Quoting jordfx
EURNZD. Trading with the trend. 4 positions. 25% closed for 70pips. {image}
Hi Jordfx,
for training Arjun revised by You system I decided to follow only two pairs, instead of 12 I have now, I am thinking about AU and GJ.... do you think is good choise??
JacekPreserve Precious Capital
  • #21,250
  • May 21, 2013 4:05am May 21, 2013 4:05am
Quoting philemon123
took this AU for 9pips,It was a bounce off the daily 10ema and entry on 15 min 10ema bounce,i was scared could not hold longer. {image} {image}
nice clasic trades...
JacekPreserve Precious Capital
  • #21,251
  • May 21, 2013 4:07am May 21, 2013 4:07am
Quoting jordfx
EURNZD. Trading with the trend. 4 positions. 25% closed for 70pips. {image}
My Broker ask 12 pips spread on that pair!!!
JacekPreserve Precious Capital
  • #21,252
  • May 21, 2013 4:20am May 21, 2013 4:20am
took EU just now for 10pips,bounce off the daily 10ema,entry bounce off the 15min 10ema.Pin in the 15min 10ema.Today is just a good day.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 23 KB
Click to Enlarge Name: eurusdm15.png Size: 25 KB
  • #21,253
  • May 21, 2013 4:41am May 21, 2013 4:41am
Quoting Jackub
{quote} Hi Jordfx, for training Arjun revised by You system I decided to follow only two pairs, instead of 12 I have now, I am thinking about AU and GJ.... do you think is good choise??
Traded only EJ exclusively for quite a while till i was comfortable enough with my methods. Start out with any pairs you're comfortable with.
  • #21,254
  • May 21, 2013 7:05am May 21, 2013 7:05am
EUR/AUD, TP2 hit .. 61 pips

Attached Image (click to enlarge)
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JacekPreserve Precious Capital
  • #21,255
  • May 21, 2013 7:20am May 21, 2013 7:20am
Quoting jordfx
{quote} not bad. you're getting the issue of direction straightened out. now entries....at least you could wait for a test of yesterdays low as support... {image}
EURAUD. Trading with the trend. 25% closed for 66pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EA.png Size: 29 KB
  • #21,256
  • May 21, 2013 7:25am May 21, 2013 7:25am
GBPCHF. Trading with the trend. 25% closed for 60pips.
Attached Image (click to enlarge)
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  • #21,257
  • May 21, 2013 9:15am May 21, 2013 9:15am
Quoting Jackub
EUR/AUD, TP2 hit .. 61 pips {image}
omg Jackub...u already master Jordfx trade skill??
  • #21,258
  • May 21, 2013 9:18am May 21, 2013 9:18am
this my EU....lucky trade...

4H and 1H all below , price fall from yesterday High and closed....

attachment got one question, any one can help me???
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.armm15.png Size: 49 KB
  • #21,259
  • May 21, 2013 9:26am May 21, 2013 9:26am
Quoting Jackub
EUR/AUD, TP2 hit .. 61 pips {image}
By now your stops should have moved to 1.31380!
  • #21,260
  • May 21, 2013 9:32am May 21, 2013 9:32am
Quoting lowweiting
this my EU....lucky trade... 4H and 1H all below , price fall from yesterday High and closed.... attachment got one question, any one can help me??? {image}
When price starts moving with the trend like that and suddenly stalls, it's either one of two things
1. signaling a reversal, which would require massive volume input or
2. Not enough volume(fuel) to continue with the trend, so market has to refuel. how? By luring in buyers. EU is still bearish. Watch out for reactions at the S/R zone around the 800ema region.
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