Another simple system - Time-Frame 15 | Page 1067 | Forex Factory

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Another simple system - Time-Frame 15

  • #21,321
  • May 24, 2013 1:10pm May 24, 2013 1:10pm
interesting pattern on S&P500 and Dow

looking to place shorts (not sure about a repeat of the crash)
Attached Image (click to enlarge)
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while the objective is profit, the job description is risk management
  • #21,322
  • May 24, 2013 6:31pm May 24, 2013 6:31pm
Quoting Jackub
{quote} Mate,When I am placing OHLC levels on chart, I am doing this only with range 200-300 pips around actual price, and evry level of OHLC I will find, I put it on the chart, does not matter how old it is. If price is going out of my levels I add new ones, zoom out your monthly chart, and you will see how narrow range of price in MN is interesting and where to look for levels, then I zoome inn as much as I can and try pecisly to marked the levels{image}{image}{image} maybe I mised few lines but it just for this discution matter Is it ok ??
thk Jackub.....
  • #21,323
  • Edited May 26, 2013 2:03am May 25, 2013 3:55am | Edited May 26, 2013 2:03am
The truth is that the only reason charts become difficult to read and price movements difficult to understand
is because we unnecessarily COMPLICATE simple price action. Honestly even a 10 year old can trade well if taught the simple rules.
Some of the video games they play are more complicated than charts i tell you!
The difficulty does not lie on the charts or price action.
It lies in the psychological DISCIPLNE, PATIENCE in sticking to the simple analysis we make.
Every chart is trending(on one TF or the other), has good structure,etc.
Some just require more patience than others in order to get a good entry point.
You've seen me taking trades on some of the most unpopular and unfriendly pairs to trade.
You have to UNDERSTAND the TRUE reason WHY trading multiple pairs is important.
It has nothing to do with looking for the best pairs to trade.
I only advice traders to trade one or two pairs as newbies in order to LEARN
the critical virtues of PATIENCE, DISCIPLINE and the ability to spot proper entry setups without the distraction of trying to eyeball so many pairs.
But once this skill is learned properly, and your EDGE properly identified without controversy,
the demands of the LAWS OF PROBABILITIES make it impossible for any proven identifiable EDGE
to play out in the LONG TERM without a high statistical distribution of trades across a LARGE ENOUGH sample set.
This why many traders make some money with some good trade setups, only to give it all back with a string of losers!
Not because the losing trades are any less proper, but it's simply the LAW OF PROBABILITIES!
As long as a holy grail method or strategy doesn't exist, then even the best traders, with the best setups, using the best indicators,
on the best trading platforms with the best spreads, will still have LOSERS and even STRINGS OF LOSING TRADES!
That's when your EDGE really starts to make you money as you CUT YOUR LOSERS SHORT AND LET YOUR WINNERS RUN!

Jordfx.
  • #21,324
  • May 25, 2013 4:52am May 25, 2013 4:52am
Quoting jordfx
The truth is that the only reason charts become difficult to............................................. CUT YOUR LOSERS SHORT AND LET YOUR WINNERS RUN! Jordfx.
Jordfx,
I read carefully your post, even employed my wife (she is much much better in english then I am) to get proper meaning and understandig. Final conlusion can be only one, no more short cuts.
Thank you very much, this is a valuable set of ideas everyone should keep in his mind...
JacekPreserve Precious Capital
  • #21,325
  • May 25, 2013 7:09am May 25, 2013 7:09am


Quoting jordfx
The truth is that the only reason charts become difficult to read and price movements difficult to understandis because we unnecessarily COMPLICATE simple price action. Honestly even a 10 year old can trade well if taught the simple rules.Some of the video games they play are more complicated than charts i tell you!The difficulty does not lie on the charts or price action.It lies in the psychological DISCIPLNE, PATIENCE in sticking to the simple analysis we make.Every chart is trending(on one TF or the other), has good structure,etc.Some just require...
  • #21,326
  • May 26, 2013 9:18am May 26, 2013 9:18am
hi to everyone

I've started to read this thread recently and I got good feelings about it.I've done some trades as well which were winners.I managed to get to 38 page of this thread but ahead of me there's still like 1000 pages.I'm not really in to these pages as it will take huge amount of my time which I could use for backtesting and practising.So I'm coming to conclusion if I really need to go through the whole thread.Please guys tell me honestly what you think not just say : oh he's to lazy to read all... but actually its a bit impossible for me.....I'm not going to remember all those things + I will be missing present post....
what shall i do if theres any other method of trading in this system other than you can find on page one ?

Thank you all
  • #21,327
  • May 26, 2013 12:06pm May 26, 2013 12:06pm
Quoting micchhaal
hi to everyone I've started to read this thread recently and I got good feelings about it.I've done some trades as well which were winners.I managed to get to 38 page of this thread but ahead of me there's still like 1000 pages.I'm not really in to these pages as it will take huge amount of my time which I could use for backtesting and practising.So I'm coming to conclusion if I really need to go through the whole thread.Please guys tell me honestly what you think not just say : oh he's to lazy to read all... but actually its a bit impossible for...
Hi mate,


It is really hard to advice, only what I can tell you is everything depends from you, if you are able to follow basic rules described by LE1, just make a try on demo, try to make 50 trades and find out, is it what you are doing promising? Numbers of questions appear in mean time, then I am sure you will start digging in the old posts again…
JacekPreserve Precious Capital
  • #21,328
  • Edited 2:21am May 27, 2013 2:10am | Edited 2:21am
Quoting jordfx
EURAUD. Woke up and price missed my original TP1 target by 1pip! lol. Trading with the trend. Closed 50% now for 104pips. {image}
EURAUD. Final Position closed for 160pips. Some more analysis on my thot patterns for those who still don't have a clue how I look at Price Action.
Attached Image (click to enlarge)
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  • #21,329
  • May 27, 2013 2:30am May 27, 2013 2:30am
Quoting jordfx
{quote}EURAUD. Final Position closed for 160pips. Some more analysis on my thot patterns for those who still don't have a clue how I look at Price Action. {image}
It's great chart, has been added to my "Jordfx" file, will study this a bit later today...
JacekPreserve Precious Capital
  • #21,330
  • May 27, 2013 2:52am May 27, 2013 2:52am
Quoting Jackub
{quote}It's great chart, has been added to my "Jordfx" file, will study this a bit later today...

can share ur 'JordFx' to me ??? lol
  • #21,331
  • May 27, 2013 2:58am May 27, 2013 2:58am
AU trade....^^

thk JordFx and Emmanuel for sharing S&R knowledge to newbie ....

thk LE1 for create this thread.....



will learn and contribute....
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  • #21,332
  • May 27, 2013 2:59am May 27, 2013 2:59am
Quoting lowweiting
{quote} can share ur 'JordFx' to me ??? lol
.....
There is no secret... Just went through all Jordfx posts and copied these most interesting to one file... to be onest I do possess not only his "file" ...
JacekPreserve Precious Capital
  • #21,333
  • May 27, 2013 3:06am May 27, 2013 3:06am
Quoting lowweiting
AU trade....^^ thk JordFx and Emmanuel for sharing S&R knowledge to newbie .... thk LE1 for create this thread..... will learn and contribute.... {image} {image}
Good CT shot lowweiting... congrats....
JacekPreserve Precious Capital
  • #21,334
  • May 27, 2013 3:09am May 27, 2013 3:09am
Quoting Jackub
{quote}..... There is no secret... Just went through all Jordfx posts and copied these most interesting to one file... to be onest I do possess not only his "file" ...
Hi Jackub! Can you post this file?
  • #21,335
  • May 27, 2013 3:20am May 27, 2013 3:20am
Quoting Flaviu1981
{quote}Hi Jackub! Can you post this file?
Flaviu,
The file is a my collection of differetnt Jordfx thoghts, over my personal filter. The document is also not prepared in to the form to be published here, it takes time to do it.. so if you like what I have , PM me your address....
JacekPreserve Precious Capital
  • #21,336
  • May 27, 2013 5:03am May 27, 2013 5:03am
Quoting lowweiting
AU trade....^^ thk JordFx and Emmanuel for sharing S&R knowledge to newbie .... thk LE1 for create this thread..... will learn and contribute.... {image} {image}
nice trade. But thread carefully with CTs my friend....
  • #21,337
  • May 27, 2013 5:08am May 27, 2013 5:08am
An interesting exercise for newbies....there's an interesting undercurrent shifting and changing on EURUSD. Can you spot it? Listen to your charts. Don't even bother with indicators on this one...
  • #21,338
  • May 27, 2013 5:20am May 27, 2013 5:20am
Quoting jordfx
An interesting exercise for newbies....there's an interesting undercurrent shifting and changing on EURUSD. Can you spot it? Listen to your charts. Don't even bother with indicators on this one...
I don't understand what you say ( my poor english) but looks like Euro will go to H4 200EMA
JacekPreserve Precious Capital
  • #21,339
  • Edited 6:18am May 27, 2013 5:31am | Edited 6:18am
The E/U makes HL and HH and goes into RN 1.29500 possible small rejection off it, and what jakub have said it goes to the 4H 200 EMA

And also the 200 EMA has crossed the 800 EMA? important levels for rejections are RN ,1.29556 and yesterdays high which also is 4H 200 EMA
  • #21,340
  • May 27, 2013 6:09am May 27, 2013 6:09am
Quoting Jackub
{quote} I don't understand what you say ( my poor english) but looks like Euro will go to H4 200EMA
Let me make it simple for you. Are you bullish or bearish on EU. Where do hope to enter? Where do you hope to exit? Based on whatever you think the charts are telling you? Reply with charts so I can understand your answers...
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