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Another simple system - Time-Frame 15

  • #21,601
  • Jul 2, 2013 9:45am Jul 2, 2013 9:45am
CrutialPoint reminder....

Trade Only With The Trend

This is my number 1 and golden rule. The most important rule of my strategy and the backbone of my trading success: Trade only with the trend. It is unacceptable to break this no.1 rule. If I can't stick to this one important rule, then I am no different to the amateur/mediocre trader.

This is the fundamental rule of all; Trade only with the trend. If I can't execute one simple rule, then I am not a professional. It is that simple; Trade only with the trend, nothing more. People lose money because they don't follow this rule, period.



========================
Explanation:
Do not overlook the most important lesson here in trading. And here is the lesson in bold:

"How can you become a professional trader if you cannot execute one basic/simple rule consistently?"



Please, do yourself a favor... first learn to walk before you try to run.

Success is built upon small steps of achievement. Learn to achieve one task first, then another, then another, then another... and sooner you will meet your success.

You cannot create a sentences or write words if you don't know your alphabet. It will be very difficult and most likely be unsuccessful without knowing your alphabet.

The alphabets are the basics... Trading with the trend are the basics... The difference between a Professional and an Amateur is that a Professional have mastered the basics. How far do you think you will go without mastering the basics?

JacekPreserve Precious Capital
  • #21,602
  • Jul 2, 2013 12:22pm Jul 2, 2013 12:22pm
Quoting Jackub
{quote} {image} 10EMA by close good luck
Great thanks for the info mate.
  • #21,603
  • Jul 2, 2013 12:46pm Jul 2, 2013 12:46pm
Hello guys!!

Haven't been here for ages LOL!

Just came to PC and saw the opportunity to sell for nice 17 pips, and by now this trade is going further down.

didn't hold it for too long...i' more like a scalper LOL

But price is trying now to brake 1.30 level down...

hope you took those signal that the system gave you today...

entry was on 5mn TF...
Attached Image(s) (click to enlarge)
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  • #21,604
  • Jul 2, 2013 1:48pm Jul 2, 2013 1:48pm
And here is another one for 20 pips (on m5)
Reasaons:
1) 10 ema pin bar
2) below RN
3) EMA's are widening
Attached Image (click to enlarge)
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  • #21,605
  • Jul 2, 2013 2:07pm Jul 2, 2013 2:07pm
This system is good for those people who had time to trade with the trend and have time to watch the monitor for hours.

But a second-guess person will never make the trade because they are are just following the method blindly without understanding Price Structure as a whole.

There are many similar system in FF ( eg TEB, TMS by late EElfranz, and many more). The author is this thread presented the basic underlying principle using 10 , 200 ema with TDI. Basic trend following method. Occasionally, he tried to put Counter trend trade using ADR.. Those are risky and unpredictable.

Counter Trend produce lot of pips as Price will always revert back to means ( 200EMA). Example of CT Chart attached.
( Similiar to the earlier Trade.)

But I notice TDI is underutilized for this system ( currently used to confirm the trend direction only).

Note about TDI : The Traders Dynamic Index uses trend direction, momentum and market volatility to determine market conditions. This indicator uses relative strength index, simple moving average, double exponential moving average and standard deviation to generate five time-series.

I'm posting another live example on how to use TDI ...ON the Chart. Earlier post explain relationship TDI and Price. Hope it will benefit people here.

For this System, trend following entry is easy ( Price above 200EMA, above 10EMA). Still you may have failures. But secure ways to earn pips, longer hours and commitments to stare Charts.

Going against 200EMA may be trickier. But TDI does help to stay on the right side and longer. Contrarian Trade produce Larger pips then trend following method ( it's bonus to trade contrarian)

You may ask why I post this in this thread ?. This system introduced by owner has yet to be tapped fully by participant.

Many already knows trend following method, but the real secret using this method is in using TDI as tool not just an indicator with direction from HTF.

Many can't use the system effectively, if they don't understand the underlying concept of the System. Lately all posting has becoming dull just to show "result" of trend trade.

feel free to discuss this, as I see a lot of potential to develop this system to the fullest. ( I read many thread including this one and understand how to tweak it)

I'm open for discussion.................not just to BRAG my trade.
Attached Image(s) (click to enlarge)
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May the force with Arjun
  • #21,606
  • Jul 2, 2013 2:10pm Jul 2, 2013 2:10pm
And the last one for today's couple hours is XAUUSD another 50 pips (again 5 minTF)

Reasoning:
1)price is at resistance
2) broke RN
3)below daily pivot

position closed mannually at next RN

so total for couple of hours => 17+20+50 = 87 pips

This strategy DOES work in all TF's.... The only thing is you need to understand and get use to it and PRACTICE PRACTICE and PRACTICE...

I posted here only for the reason of showing that it WORKS!!! and to encourage those guys who think that they can't trade.. no guys you CAN!! the key is PAITENCE and EMOTIONS!!!

GOOD LUCK and KEEP PRACTICING!!
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  • #21,607
  • Jul 2, 2013 2:23pm Jul 2, 2013 2:23pm
Quoting Lirbig Nubee
This system is good for those people who had time to trade with the trend and have time to watch the monitor for hours. But a second-guess person will never make the trade because they are are just following the method blindly without understanding Price Structure as a whole. There are many similar system in FF ( eg TEB, TMS by late EElfranz, and many more). The author is this thread presented the basic underlying principle using 10 , 200 ema with TDI. Basic trend following method. Occasionally, he tried...
Guys, listen to this words! very wise and very true!!!

  • #21,608
  • Jul 2, 2013 2:34pm Jul 2, 2013 2:34pm
Quoting Lirbig Nubee
This system is good for those people who had time to trade with the trend and have time to watch the monitor for hours. But a second-guess person will never make the trade because they are are just following the method blindly without understanding Price Structure as a whole. There are many similar system in FF ( eg TEB, TMS by late EElfranz, and many more). The author is this thread presented the basic underlying principle using 10 , 200 ema with TDI. Basic trend following method. Occasionally, he tried to put Counter trend trade using ADR.. Those...
Lirbig,
Can you please take a look at my question on last page. It's the last question. Thank you.
  • #21,609
  • Jul 2, 2013 2:44pm Jul 2, 2013 2:44pm
Quoting Lirbig Nubee
T. But a second-guess person will never make the trade because they are are just following the method blindly without understanding Price Structure as a whole.. {image} {image}
Please feel free to HELP PEOPLE to understand "Price Structure as a whole" ...
Number of people comes here and trying blaindly follow the system rules, and this, I mean following the rules and being disciplined is huge challange on the very beginning.
I am sure number of people even dind't understood what you are talking about.. so if you can sacrifice certain amount of time to make peolpe here understand it would be really fine...
JacekPreserve Precious Capital
  • #21,610
  • Jul 3, 2013 5:04am Jul 3, 2013 5:04am
Building my LONG Position now for correction

Potential areas marked on Chart circa 129.90XXXXX
Attached Image (click to enlarge)
Click to Enlarge Name: Long EJ.png Size: 58 KB
May the force with Arjun
  • #21,611
  • Jul 3, 2013 5:51am Jul 3, 2013 5:51am
Quoting MKFXTrader
{quote} Great post. Thank you Lirbig. Just one question though, the yellow TDI MBL, doesn't run in the same slope as the 34LWMA on the main chart. Is it the same? Just to clarify. The 2 RSI price line in TDI(Green line) represents basically PA from the charts. The 7 trade signal line in TDI (Red Line)represents the 10 LWMA on the chart? The 13 RSI on TDI(Yellow MBL) represents the 34 LWMA on the charts. Am I understanding this correctly?

We are not trying to duplicate the TDI into Main Chart.

The work here is to understand how price react a various level ( S& R) areas, by using TDI as tools to achieve it.

( Others are like SR area, Pivot, HL, fib etc)

I marked in red your "Slope" word above, as to point out the importance in understanding Degree of Price Momentum. ( beginning, flat or declining, ending)

You will never get the exact replica of Price to TDI, no matter how you tweak Price to be exact duplicate of TDI

Therefore, instead of worrying too much on similarity why not we use these differences to our advantage,

Whenever you see 34LWMA and 89LWMA are squeeze together...... something is cooking.

You will notice squeeze ( 34/89LWMA)is where MBL at 50 level ( on TDI). This is where price will " explode" to direction of incoming "red" TDI


Once you understand this..... you may revert back to original Chart in this thread bu using 200,50 & 10EMAs.


Give yourself a month to start looking at Chart. Don't worry for not getting MBL and 34LWMA not the same slope.

This differences will happen to give you lead on potentials reversal or continuation ahead.... use it to your advantage.

Chart to explain further.

I welcome anyone to share their view or observation on this... we discuss this to benefit all
Attached Image (click to enlarge)
Click to Enlarge Name: TDI comparison.png Size: 92 KB
May the force with Arjun
  • #21,612
  • Jul 3, 2013 7:29am Jul 3, 2013 7:29am
Quoting Lirbig Nubee
Building my LONG Position now for correction Potential areas marked on Chart circa 129.90XXXXX {image}
Positive SL

Correction areas until NYO
Attached Image (click to enlarge)
Click to Enlarge Name: Long EJ 2.png Size: 38 KB
May the force with Arjun
  • #21,613
  • Jul 3, 2013 7:46am Jul 3, 2013 7:46am
Quoting Jackub
{quote} I suggest to concentrate your attention on 1) market condition, 2) one setup, one pair 3) becktest few months to get some practice in chart watching watch market little zoomed OUT to see bigger picture, check higher time frames to see bigger picture (confirm trend direction etc.) practice, practice, practice and some info about 1-2-3 setup {image} Sorry guys by mistake inserted wrong file, do not think many of you read in polish.... find please another one, this time in english about same thing, 1-2-3 reversal pattern... {image}
First of all Thank JUCKUP . i will watch out what u recommend. can u explain to me about market conditions ?
TRy my best to learn
  • #21,614
  • Jul 3, 2013 10:17am Jul 3, 2013 10:17am
Quoting Lirbig Nubee
Building my LONG Position now for correction Potential areas marked on Chart circa 129.90XXXXX {image}

Almost home.
Attached Image (click to enlarge)
Click to Enlarge Name: Long EJ 3.png Size: 37 KB
May the force with Arjun
  • #21,615
  • Jul 3, 2013 11:11am Jul 3, 2013 11:11am
Quoting Lirbig Nubee
Building my LONG Position now for correction Potential areas marked on Chart circa 129.90XXXXX {image}
Hello Gibril
  • #21,616
  • Jul 3, 2013 11:29am Jul 3, 2013 11:29am
Quoting thaihoc
{quote} First of all Thank JUCKUP . i will watch out what u recommend. can u explain to me about market conditions ?
Hi mate,
If you need some basic the best way is to start from begining ,find please enclosed nice work of one of the FF educator....
Attached File(s)
File Type: pdf Strat'S PA.pdf   2.2 MB | 4,068 downloads
JacekPreserve Precious Capital
  • #21,617
  • Jul 4, 2013 1:29am Jul 4, 2013 1:29am
Guys , for thouse who might have problem with determine market conditions and sentiment, take look please on following screenschots....
The idea is taken from FAVORITE, who is using this methodology to decide what direction to trade and WHEN!
Hope the charts will talk themselfs...
Daily....
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H4...
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H1...
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M15..
Attached Image (click to enlarge)
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what will you do to trade with a trend ???
JacekPreserve Precious Capital
  • #21,618
  • Jul 4, 2013 7:26am Jul 4, 2013 7:26am
Quoting Jackub
Guys , for thouse who might have problem with determine market conditions and sentiment, take look please on following screenschots.... The idea is taken from FAVORITE, who is using this methodology to decide what direction to trade and WHEN! Hope the charts will talk themselfs... Daily.... {image} H4... {image} H1... {image} M15.. {image} what will you do to trade with a trend ???
i though we can do long trade. on the daily char i saw price is near a support.
Newbie ideal.. frankly i dont know more. i'm trying to think and find out..
TRy my best to learn
  • #21,619
  • Jul 4, 2013 7:39am Jul 4, 2013 7:39am
Quoting Jackub
Guys , for thouse who might have problem with determine market conditions and sentiment, take look please on following screenschots.... The idea is taken from FAVORITE, who is using this methodology to decide what direction to trade and WHEN! Hope the charts will talk themselfs... Daily.... {image} H4... {image} H1... {image} M15.. {image} what will you do to trade with a trend ???

but on h4 i saw some lh. the trend seem downtrend .the price seems to drop more. hichic.... i'm trying.
TRy my best to learn
  • #21,620
  • Jul 4, 2013 7:44am Jul 4, 2013 7:44am
Quoting Jackub
{quote} Hi mate, If you need some basic the best way is to start from begining ,find please enclosed nice work of one of the FF educator.... {image}
THanks for your caring some newbie like me.. i'll try to learn.
TRy my best to learn
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