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Another simple system - Time-Frame 15

  • #21,401
  • May 30, 2013 7:27am May 30, 2013 7:27am
Quoting xiaoxin
EU short, ADR method.I'm so busy this year. Just come back to say hello to lovebees in this thread.Green pips to ALL!Love & Peace!{image}
nice job
JacekPreserve Precious Capital
  • #21,402
  • May 31, 2013 4:32am May 31, 2013 4:32am
hi guys took this trade it was a bounce off the 4hr 10ema.entry is the pin bar in the 15 min 10ema.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdcad@h4.png Size: 22 KB
  • #21,403
  • May 31, 2013 9:00am May 31, 2013 9:00am
2+ hours wait for a setup after NYO EU short after break of RN / 200ema / W1 10ema & then the S (red line). Quick scalp good for 10+. Entry after 2 pins on next bar with momentum. Exit H4 200ema.

Unfortunately I was laying down using this small laptop and when I executed the PA moved so fast I couldn't adjust T/P S/L and had to manually clumsily close when PA reached H4 200ema. This got me out with only a mere +4 (slippage plus slow closing on my end per lazy posture and laptop problem --- excuses === I know). I ain't mad.

Gotta do some cookin' now. Till later!

Patience & alertness is the key.

P.S. As I expected it was a definite sell-out. So the H4 200ema got breached too. It all happened fast. The H4 200ema breach seems tradable for whoever caught it. Happened too fast for me. I'm out for the day. Gotta do stuff.
Attached Image
  • #21,404
  • Jun 3, 2013 10:04pm Jun 3, 2013 10:04pm
TO: EJ really sucks today beware! Look at the ugly formations. I suspect BOJ intervention per "JAPAN ECONMIN AMARI SAYS FOREX, STOCK MARKETS ARE IN ADJUSTMENT PHASE AS THEIR MOVEMENTS HAVE BEEN RAPID" & "JAPAN CHIEF CABINET SEC SUGA: EXPECTS BOJ TO DEAL APPROPRIATELY WITH JGB MKT MOVES".

Got burned on EJ -13 but it was my rookie error (CT are tricky and not recommended for now). The trade was wrong from the getgo. I though that the RN rejection was real but you don't break key HTF ema's that easily in 1 move or if they do, you don't trade per no good entry.

The AU pairs showed nice trade opportunities. AU & AJ. Took the AU (noticed a little late but a 100% classic): +11. Missed the nice AJ at the pin (see attachment).

EJ is so ugly I will skip it. Will see you at LO (will stay up late tonight).

-2 so for the day so far. let's see LO.
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  • #21,405
  • Jun 4, 2013 6:18am Jun 4, 2013 6:18am
EJ turned out a definite bull as I anticipated. Scalped a few pips on the long move (was not comfortable trading through the pivots so I waited).
There was also an ADR trade for the advanced traders, which I didn't take.

LO: Jeez, 40 ADR for 4 hours!

As stubborn as I am though I waited for a tradable (for my comfort zone) set-up.

Long EU after pin at break of obvious 80-level (mini-RN) R. TP at RN-5 level. +7.

About +8 for the day. What a wait for me but in the PLUS at least...

Be careful NYO news coming at 8:30 am EST. Going to bed... Jeez what a day.
Attached Image
  • #21,406
  • Jun 5, 2013 2:57am Jun 5, 2013 2:57am
See no much movement on the thread lately…. hope this help some people to believe system even run with very basic rules but with discipline is profitable.. I know one month is no period you can consider as representative for trading statistic, never the less I proved myself something anyway..

please find enclosed excel file with back testing of AU in May 2013..

Basic Arjun rules was taken ONLY and followed blindly

Rules:

1. Trading time 10:00 18:00 my local time, it correspond LO plus eight hours of trading…

2. D1 and H4 determine trade direction

3. Entry first closed candle below/above 10EMA on M15 from 10:00 (LO), according to directions D1/H4

4. After 12pips of price move in our direction SL is on BE

5. First candle closing above/below 10EMA going against our trade direction is signal to close the trade

6. Looking for RSI PL cross MBL (green crosses yellow), no trade when MBL (yellow is sloping against our direction)

7. Hard SL/TP = 20 pips.

NO CT TRADES, NO TRADES (no entering trades) outside time given

Definitely, having AU in strong downtrend helps to gain more pips, but it only proof what conditions we should looking for to trade successfully.

A lot of opportunities was missed, AU has nice moves during Asiatic session to, but people have to sleep sometime, also number of CT trades was not taken under consideration.


Good Trading
Attached File(s)
File Type: xlsx AU_backtest.xlsx   16 KB | 445 downloads
JacekPreserve Precious Capital
  • #21,407
  • Jun 5, 2013 5:18am Jun 5, 2013 5:18am
Quoting Jackub
See no much movement on the thread lately…. hope this help some people to believe system even run with very basic rules but with discipline is profitable.. I know one month is no period you can consider as representative for trading statistic, never the less I proved myself something anyway.. please find enclosed excel file with back testing of AU in May 2013.. Basic Arjun rules was taken ONLY and followed blindly Rules: 1. Trading time 10:00 18:00 my local time, it correspond LO plus eight hours of trading… 2. D1 and H4 determine trade direction...
one more EU this time, same rules as before.....
Attached File(s)
File Type: xlsx EU_backtest.xlsx   16 KB | 532 downloads
JacekPreserve Precious Capital
  • #21,408
  • Jun 5, 2013 6:03am Jun 5, 2013 6:03am
Quoting Jackub
{quote} one more EU this time, same rules as before..... {file}

Hi jackub, i pm you. have a look. thanks
  • #21,409
  • Jun 5, 2013 7:25am Jun 5, 2013 7:25am
Hi guys

Anyone here knows where the thread starter is?
What happened to this thread guys?
i am a nobody
  • #21,410
  • Jun 5, 2013 7:31am Jun 5, 2013 7:31am
Quoting ForexKnight
Hi guys Anyone here knows where the thread starter is? What happened to this thread guys?
Straight down the shitter
What is any ocean but a multitude of drops?
  • #21,411
  • Jun 5, 2013 7:42am Jun 5, 2013 7:42am
Quoting Jackub
See no much movement on the thread lately…. hope this help some people to believe system even run with very basic rules but with discipline is profitable.. I know one month is no period you can consider as representative for trading statistic, never the less I proved myself something anyway.. please find enclosed excel file with back testing of AU in May 2013.. Basic Arjun rules was taken ONLY and followed blindly Rules: 1. Trading time 10:00 18:00 my local time, it correspond LO plus eight hours of trading… 2. D1 and H4 determine trade direction...
And finnaly last package, GU this time.....
let me summarize this...
Total of 52 trades, 43 winners what gives 82% winnig rate it is hard to believe guys.......
those trades produced more then 600 pips in may, I am in little shock.
Lots of those trades could easly runs much more pips then 20!!! Whole story Arjun developed IS TO FILTER BAD ENTRIES and PRESERVE CAPITAL,
world could be better if I only could strictly follow the RULES!!! how about you... ?
Take look guys I was almost not thinking about S/R, no news worried me.... only what I was taking care was right TDI cross, and price relation to 10EMA nad 200EMA on D1, H4 and M15, thats all...

Attached File(s)
File Type: xlsx GU_backtest.xlsx   16 KB | 457 downloads


Thank you Arjun.....
JacekPreserve Precious Capital
  • #21,412
  • Jun 5, 2013 9:37am Jun 5, 2013 9:37am
Quoting Jackub
{quote} And finnaly last package, GU this time..... let me summarize this... Total of 52 trades, 43 winners what gives 82% winnig rate it is hard to believe guys....... those trades produced more then 600 pips in may, I am in little shock. Lots of those trades could easly runs much more pips then 20!!! Whole story Arjun developed IS TO FILTER BAD ENTRIES and PRESERVE CAPITAL, world could be better if I only could strictly follow the RULES!!! how about you... ? Take look guys I was almost not thinking about S/R, no news worried me.... only what I...

jackub ur a big guy. thanks a lot for the proof. I pm u again.
  • #21,413
  • Jun 5, 2013 11:09am Jun 5, 2013 11:09am
Hi Guys....!
Pls find my trades today. EU 26.8 pips. Jord, Jackup... and other seniors here, pls verify my trade and give suggestions if Im doing it right. Thanks in advance.
Attached Image (click to enlarge)
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  • #21,414
  • Jun 5, 2013 11:17am Jun 5, 2013 11:17am
Quoting vinforex7
Hi Guys....! Pls find my trades today. EU 26.8 pips. Jord, Jackup... and other seniors here, pls verify my trade and give suggestions if Im doing it right. Thanks in advance. {image}

yep is good set up, is how i trade also normally, but be carefull with the news mate (that's why i passed on this one)

a newbie not a senior
  • #21,415
  • Jun 5, 2013 11:27am Jun 5, 2013 11:27am
2 Trades on AUDUSD.
Trade 1 - went 30 pips in our favour and then came back and hit SL at BE+4.9 / should have kept the TP around 30 pips.
Trade 2 - Good trade went to hit TP at +31.20 / The price went further down... but content with 30 pips.
Seniors... in here, pls comment on the trades... if anything wrong... or some suggestions? Trying to make trades with PA. Starting out...!
thanks.
Attached Image (click to enlarge)
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  • #21,416
  • Jun 5, 2013 11:43am Jun 5, 2013 11:43am
My AUD JPY trade. THe price went in my direction for about 30 pips and then retraced back and hit my SL, at BE+ 1.8
And then.............
price went down...... 219 PIPS, in a single session!!!!!! OMG!
Attached Image (click to enlarge)
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  • #21,417
  • Jun 5, 2013 11:58am Jun 5, 2013 11:58am
My final trade for today. EURO JPY - Closed for +2.41 / manually.
5 Trades today - 1 closed manually, 2 trades hit BE, and 2 trades TP: 67.11 pips / Good day / Back on demo
Attached Image (click to enlarge)
Click to Enlarge Name: 05EJ.jpg Size: 191 KB
  • #21,418
  • Jun 5, 2013 12:02pm Jun 5, 2013 12:02pm
Quoting slappewas
{quote} yep is good set up, is how i trade also normally, but be carefull with the news mate (that's why i passed on this one) a newbie not a senior
Thanks buddy... U r right. Need to check on the news times too. THis time I was lucky. Im on demo, so was not checking it. Need to be more serious... and need to reflect the real trades.
  • #21,419
  • Jun 6, 2013 12:00am Jun 6, 2013 12:00am
Quoting vinforex7
Hi Guys....! Pls find my trades today. EU 26.8 pips. Jord, Jackup... and other seniors here, pls verify my trade and give suggestions if Im doing it right. Thanks in advance. {image}
HI, Vinforex7, technically entry was good, but its US data was what pushed up Euro, it is risky to take trade just before important data release, you had also 1.3100 RN just ahead , so possible move range was not very high ... and please Vinforex7, I am just newbie, permanent newbie
JacekPreserve Precious Capital
  • #21,420
  • Edited 12:40am Jun 6, 2013 12:25am | Edited 12:40am
Quoting vinforex7
2 Trades on AUDUSD. Trade 1 - went 30 pips in our favour and then came back and hit SL at BE+4.9 / should have kept the TP around 30 pips. Trade 2 - Good trade went to hit TP at +31.20 / The price went further down... but content with 30 pips. Seniors... in here, pls comment on the trades... if anything wrong... or some suggestions? Trying to make trades with PA. Starting out...! thanks. {image}
HI,
About first AU trade.... alwayy is good to see zommed out situation in contecst of whole move.... You do not use TDI, or we can see this, but it helps, first entry TDI cross was not perfect, MBL was against direction of your trade and "bounced back" from one of the monthly OHLC(sept 2011 low), on secound trade MBL was acording with the trade direction... in ASM method we do not need really more then 10EMA and 200/800EMA less information noise we have to digest...
JacekPreserve Precious Capital
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