Another simple system - Time-Frame 15 | Page 1092 | Forex Factory

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Another simple system - Time-Frame 15

  • #21,821
  • Jul 16, 2013 1:53pm Jul 16, 2013 1:53pm
Quoting Jackub
{quote} I will wait until something will happen, or will brake up or will continue down... {image} price is in consolidation {image}
Jackub, its nice to see you work so hard with newbies here including me, and that too without a Rant :-)

please help me too, I am not getting the M15,H1,H4.... indicators when using this thread based available indicators in ex/mq4 formats, is it from another source.

please see the attached image for what I am looking for.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 53 KB
  • #21,822
  • Jul 16, 2013 2:07pm Jul 16, 2013 2:07pm
Quoting ghpk
{quote} Jackub, its nice to see you work so hard with newbies here including me, and that too without a Rant :-) please help me too, I am not getting the M15,H1,H4.... indicators when using this thread based available indicators in ex/mq4 formats, is it from another source. please see the attached image for what I am looking for. {image}

Hi,This is a Arjun dashboard showin position of 10EMA on different timeframe against price

Attached File(s)
File Type: ex4 ARJUN 10EMA Dashboard v1.00.ex4   10 KB | 572 downloads


I would like to point out very strongly this and also other multitimeframe indicators are used just for information purpose, decisions you take has to be taken watching directly on respective timeframe chart ....
JacekPreserve Precious Capital
  • #21,823
  • Jul 16, 2013 2:39pm Jul 16, 2013 2:39pm
Just for information where look for files attached to this thread

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 90 KB


and you are in thread files collection..


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 95 KB
JacekPreserve Precious Capital
  • #21,824
  • Jul 16, 2013 2:47pm Jul 16, 2013 2:47pm
Thanks Jackub for the tip.
  • #21,825
  • Jul 16, 2013 3:05pm Jul 16, 2013 3:05pm
Quoting Jackub
{quote} Hi,This is a Arjun dashboard showin position of 10EMA on different timeframe against price {file} I would like to point out very strongly this and also other multitimeframe indicators are used just for information purpose, decisions you take has to be taken watching directly on respective timeframe chart ....
Thanks a Lot,
Yes I downloaded this even before posting, but was hesitant in restarting MT.
I am in process of merging a couple of system to help me decide the trend, I manually looked between different TimeFrames,
but this Dashboard might help me make faster decision, Most trades I get stopped out, are due to manual lookups time spent and leads to late entry.

Thanks again for posting this in details.

God bless...
  • #21,826
  • Jul 16, 2013 6:25pm Jul 16, 2013 6:25pm
http://charts.mql5.com/2/52/eurusd-m...arkets-ltd.png

This is two my trades last night. i cant stay up late to watching my trade so i went to bed. This morning i waked up and saw my second trade hit TP. my first i took a entry with small stopp loss,. i shaked out.

- follow the TRend.
- trade away 200ema.
TRy my best to learn
  • #21,827
  • Jul 17, 2013 3:04am Jul 17, 2013 3:04am
Shortest instruction possible for newbies like me!:
1) I need to see trendy market -- avoiding consolidations, choppy market, checking news, drawing S/R


trendy
Attached Image

choppy
Attached Image


2) I need to see price on one side of 10/200EMA on M15, H1, H4
Attached Image (click to enlarge)
Click to Enlarge Name: H4.png Size: 32 KB


Attached Image (click to enlarge)
Click to Enlarge Name: H1.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: M15.png Size: 30 KB


3) Looking now for setup… here looking for short
Attached Image (click to enlarge)
Click to Enlarge Name: trade.png Size: 40 KB


And do not play against strong S/R, do not trade around "RED" news,


Remember, even if those rules are met, there is no sure your trade will win, you only maximize probability…… and what if I cannot see for long, long, long time all condition met??? It is simple, DO NOT TRADE
JacekPreserve Precious Capital
  • #21,828
  • Jul 17, 2013 3:11am Jul 17, 2013 3:11am
if I've learned anything, its that there is NO such thing as a "trend". Its a load of rubbish.

Price goes what people consider "against" the trend half the time.
  • #21,829
  • Jul 17, 2013 3:14am Jul 17, 2013 3:14am
Quoting Tok
if I've learned anything, its that there is NO such thing as a "trend". Its a load of rubbish. Price goes what people consider "against" the trend half the time.
the other option is you have learned nothig...
JacekPreserve Precious Capital
  • #21,830
  • Jul 17, 2013 3:16am Jul 17, 2013 3:16am
Quoting Jackub
{quote} the other option is you have learned nothig...
I have learned nothing?

I've spent 15 hours a day in front of the charts for months now.

If I have learned nothing, then this is truly a random game.
  • #21,831
  • Jul 17, 2013 3:18am Jul 17, 2013 3:18am
Quoting Tok
{quote} I have learned nothing? I've spent 15 hours a day in front of the charts for months now. If I have learned nothing, then this is truly a random game.
So why you are loosing time...
JacekPreserve Precious Capital
  • #21,832
  • Jul 17, 2013 3:20am Jul 17, 2013 3:20am
Quoting Jackub
{quote} So why you are loosing time...
Because I am stupid and keep telling myself all this studying will be worth it one day. So far, I've gained nothing and lost thousands of $$ and hours of my life.
  • #21,833
  • Jul 17, 2013 3:21am Jul 17, 2013 3:21am
Quoting Jackub
{quote} So why you are loosing time...
Look at EURGBP.

4H shows a double top forming.

1H is the same.

Uptrend is in place.

So we should not short it?
  • #21,834
  • Jul 17, 2013 3:29am Jul 17, 2013 3:29am
Quoting Tok
{quote} Look at EURGBP. 4H shows a double top forming. 1H is the same. Uptrend is in place. So we should not short it?
I do not trade EG, have no chart have no S/R, double top is a signal for reversal but has to be suported by king of S/R and I have no big picture can not say this, we have to wait and see if las SH will be broken or price revers..
JacekPreserve Precious Capital
  • #21,835
  • Jul 17, 2013 3:32am Jul 17, 2013 3:32am
GB news !!!
JacekPreserve Precious Capital
  • #21,836
  • Jul 17, 2013 3:33am Jul 17, 2013 3:33am
Quoting Jackub
{quote} I do not trade EG, have no chart have no S/R, double top is a signal for reversal but has to be suported by king of S/R and I have no big picture can not say this, we have to wait and see if las SH will be broken or price revers..
Can you show me what you consider to be the best high probability patterns to trade?

I will only trade these and see if I become profitable.
  • #21,837
  • Jul 17, 2013 3:36am Jul 17, 2013 3:36am
Quoting Tok
{quote} Can you show me what you consider to be the best high probability patterns to trade? I will only trade these and see if I become profitable.
http://www.forexfactory.com/showthre...03#post6822703
JacekPreserve Precious Capital
  • #21,838
  • Jul 17, 2013 3:40am Jul 17, 2013 3:40am
Quoting Jackub
{quote} http://www.forexfactory.com/showthre...03#post6822703
I meant real candlestick patterns.

What are these?
  • #21,839
  • Jul 17, 2013 3:41am Jul 17, 2013 3:41am
Quoting Tok
{quote} Can you show me what you consider to be the best high probability patterns to trade? I will only trade these and see if I become profitable.
I did already few times as other traders did it too...
My adice is:
Go through history, searching for trades which worked out and analize why they won, look for TDI, MA'S S/R, and HTF... there is no better way like back test, write down every trade, make screen shots look at them, analize them, backtes few hundreds trades,
JacekPreserve Precious Capital
  • #21,840
  • Jul 17, 2013 4:03am Jul 17, 2013 4:03am
Quoting Jackub
Shortest instruction possible for newbies like me!: 1) I need to see trendy market -- avoiding consolidations, choppy market, checking news, drawing S/R trendy {image} choppy {image} 2) I need to see price on one side of 10/200EMA on M15, H1, H4 {image} {image} {image} 3) Looking now for setup… here looking for short {image} And do not play against strong S/R, do not trade around "RED" news, Remember, even if those rules are met, there is no sure your trade will win, you only maximize probability…… and what if I cannot see for long, long, long...
HI jackub !

once again, excellent explanation
Thank you so much for your work / your posts here, i'm sure you are helping a lot of newbies (like me) here, thank you again for that !!

Traders here, please read, re-read and re-read the # 21831 Jackub's post.
Perhaps you can print it and put it on the wall, near your pc screen ?

Peace,
dom
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