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Another simple system - Time-Frame 15

  • #21,881
  • Jul 18, 2013 8:05am Jul 18, 2013 8:05am
Quoting thaihoc
{image} i'm trying to find a good entry to go short on aud. down trend on h4. h1 and. what do u think?
Still US news come up, Mr Bernanke have a speech...
JacekPreserve Precious Capital
  • #21,882
  • Jul 18, 2013 8:16am Jul 18, 2013 8:16am
Quoting Jackub
{quote} Still US news come up, Mr Bernanke have a speech...
red news red news. i Hate red news so i will keep watching the price and take some lesson. i dont want to risk my hard earned money..
TRy my best to learn
  • #21,883
  • Jul 18, 2013 8:18am Jul 18, 2013 8:18am
Quoting Jackub
{quote} Still US news come up, Mr Bernanke have a speech...
Juckub,

Could your post your trade everyday for us to learn from you?
Thanks
TRy my best to learn
  • #21,884
  • Jul 18, 2013 8:31am Jul 18, 2013 8:31am
This is aud on daily chart.
price is right above 10ema. and there this a support right below (my thought). do u think the price will bounce off from that level? (newbie analysis)

http://charts.mql5.com/2/66/audusd-d...arkets-ltd.png
TRy my best to learn
  • #21,885
  • Jul 18, 2013 8:43am Jul 18, 2013 8:43am
Quoting thaihoc
{quote} Juckub, Could your post your trade everyday for us to learn from you? Thanks
Oooo no way, I will lose whole of little respect I earned so far... I am very sensitive...
I didnt take ANY trade today, there was no setup for me !
JacekPreserve Precious Capital
  • #21,886
  • Jul 18, 2013 8:48am Jul 18, 2013 8:48am
Quoting Edlich
Congrats Vinforex, your words are indeed an inspiration to those of us still struggling to find the discipline and experience to spot the right trades. We are obviously all different but I'd be interested to see how long it took you to get to this kind of level and if there any key turing points that you feel would be helpful for us to learn about. Please remain active on the thread, it is seeing those of you that are getting it right, that keeps our motivation to follow in your steps
Hi Edlich...!
I started with forex about 9 months back... and probably started studying seriously for about 6 months. I jumped from system to system.. and then stumpled on this. Im not expert yet... and can't say I've break even yet... Im just starting to make profitable trades. Somedays.. it's still loss and most days it's small profit.

Only advise, if I may give is... read this thread completely. Everything is there....! Im reading it.. and Im only 702 pages yet... Im still learning and I plan to read it again, once I catch up with the thread once...! Arjun has done a phenominal effort to give this thread a shape.... so enjoy it...!
  • #21,887
  • Jul 18, 2013 8:52am Jul 18, 2013 8:52am
Quoting vinforex7
{quote} Hi Edlich...! I started with forex about 9 months back... and probably started studying seriously for about 6 months. I jumped from system to system.. and then stumpled on this. Im not expert yet... and can't say I've break even yet... Im just starting to make profitable trades. Somedays.. it's still loss and most days it's small profit. Only advise, if I may give is... read this thread completely. Everything is there....! Im reading it.. and Im only 702 pages yet... Im still learning and I plan to read it again, once I catch up with the...
hi vinforex,
me too. i'm trying to learn from this thread, but my english is limited. it's took 6 month for me to read 300 first page. i'm trying hard. no short cut i have to read read and read, then learn learn step by step slowly, carefully.

Let's try.
TRy my best to learn
  • #21,888
  • Jul 18, 2013 8:53am Jul 18, 2013 8:53am
Quoting thaihoc
This is aud on daily chart. price is right above 10ema. and there this a support right below (my thought). do u think the price will bounce off from that level? (newbie analysis) {image}
looking on your daily chart can see three candlestick reversal patern is building up (not ready yet until candle closed), on H4 last 12 hours is indecision, and on H1 and M15 consolidation.... market is waiting for Mr FED testimony I think.... have no idea what is gonna happen
JacekPreserve Precious Capital
  • #21,889
  • Jul 18, 2013 9:10am Jul 18, 2013 9:10am
Quoting Jackub
{quote} looking on your daily chart can see three candlestick reversal patern is building up (not ready yet until candle closed), on H4 last 12 hours is indecision, and on H1 and M15 consolidation.... market is waiting for Mr FED testimony I think.... have no idea what is gonna happen
thanks. GOD BLESS YOU JUCKUB
TRy my best to learn
  • #21,890
  • Jul 18, 2013 9:30am Jul 18, 2013 9:30am
Quoting Jackub
{quote} I can only say rule of LO is becouse much higher volatility during London than Asia, see no other reason, but more and more traders trade succesfully asia sesion as well...
Hi guys...

I think the rules ought to have changed since the huge recent volatility in the JPY, and recent Chinese economic data which is having a greater impact on currency markets. It seems to me that the least volatile period is after the London close- certainly in recent months.
  • #21,891
  • Jul 18, 2013 9:31am Jul 18, 2013 9:31am
Quoting Jackub
{quote} Well done buddy!! congratulations!
Thanks Jackub...!

  • #21,892
  • Jul 18, 2013 9:36am Jul 18, 2013 9:36am
Quoting thaihoc
{quote} hi vinforex, me too. i'm trying to learn from this thread, but my english is limited. it's took 6 month for me to read 300 first page. i'm trying hard. no short cut i have to read read and read, then learn learn step by step slowly, carefully. Let's try.
Hi all,

I've been reading this forum, off and on, since its very first posting. The original method really suited me, and many others who were making good, consistent profits. Reading the first 400 pages is certainly enough to set you up with 2 or 3 excellent trading methods for this particular time frame. I'd certainly not recommend reading the whole thread as it became somewhat weird- almost like a religious cult!

The meat and vegetables of this system are found earlier on, so practice and practice with this, looking at the trend of the higher TF, the cross of TDI, previous S/R impact and pin bars. As Arjun used to tell us: practice the basic system then evolve from there, with experience. The initial system is certainly sufficient for making a solid 10-30 pips per day. Do we need more? No, walk away and enjoy the sunshine...
  • #21,893
  • Jul 18, 2013 11:01am Jul 18, 2013 11:01am
Quoting vinforex7
{quote} Only advise, if I may give is... read this thread completely. Everything is there....! Im reading it.. and Im only 702 pages yet... Im still learning and I plan to read it again, once I catch up with the thread once...! Arjun has done a phenominal effort to give this thread a shape.... so enjoy it...!
Thanks Vin, Whilst there may appear to be one or two contributors here that have not read the thread, I'm not one of them, I've read it from the start to about where you are, but keep going back to cherry pick the better posts. I think someone did a PDF of the posts from Arjun and some of the earier experienced contributors, which is very useful.

I am both encouraged and frustrated that you seem to be doing better than I am after less than a year at it! Encouraged because it shows that a huge amount of screen time (a 10,000 hour rule has been mentioned in the past) is not always essential but frustrated that despite my having been trading for four years and follwoing thsi thread for a year, I cannot match your success!

Cheers
Getting there, slowly but surely...
  • #21,894
  • Jul 19, 2013 1:47am Jul 19, 2013 1:47am
Quoting Edlich
{quote} Thanks Vin, Whilst there may appear to be one or two contributors here that have not read the thread, I'm not one of them, I've read it from the start to about where you are, but keep going back to cherry pick the better posts. I think someone did a PDF of the posts from Arjun and some of the earier experienced contributors, which is very useful. I am both encouraged and frustrated that you seem to be doing better than I am after less than a year at it! Encouraged because it shows that a huge amount of screen time (a 10,000 hour rule has...
Edlich...
No need to be frustrated... we r all learning. I post the winning trades only... so that we could all learn and also get motivated. Most of my losing trades r stupid ones... that r not according to the system, that's why I dont post it, coz.. it's not even worth analysing. And yes.... Im not profitable yet... I've also blown a few accounts. Im learning.. and believe that... I ccould be profitable soon...!

I read the thread... and also copy important posts and charts on a word file, so that when I start to read the thread again.. i could go through the important posts only.. and save much time, inthe next reading...! Stick with the thread... and stay optimistic...! Whether delayed or not.... U r gonna be succesful no doubt...! So just as in trading.... stay patient and disciplined, U will be rewarded handsomely. Keep posting your charts... it'll do great for your confidence and also help others and urself to learn better. Wishing you the best...!
  • #21,895
  • Jul 19, 2013 1:51am Jul 19, 2013 1:51am
Quoting thaihoc
{quote} hi vinforex, me too. i'm trying to learn from this thread, but my english is limited. it's took 6 month for me to read 300 first page. i'm trying hard. no short cut i have to read read and read, then learn learn step by step slowly, carefully. Let's try.
Thaihoc.... best wishes! I hope U can read faster... as you have already covered a huge ground. Focus... more on the charts, so English language wont bother you..! great effort... from u...!

All the best...!
  • #21,896
  • Jul 19, 2013 5:57am Jul 19, 2013 5:57am
Aggresive entry... with lucky end...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 38 KB
+60 pips
JacekPreserve Precious Capital
  • #21,897
  • Jul 19, 2013 7:04am Jul 19, 2013 7:04am
watch out!!!! i think GU is near a strong resistence on weekly chart. do u think i should look a short?

http://charts.mql5.com/2/74/gbpusd-w...arkets-ltd.png
TRy my best to learn
  • #21,898
  • Jul 19, 2013 7:36am Jul 19, 2013 7:36am
Quoting thaihoc
watch out!!!! i think GU is near a strong resistence on weekly chart. do u think i should look a short? {image}
Yes , it looks like possible strong S/R, it is a MN OHLC level tested number of times on MH charts and confluence with 50% Fib retracement...
Might revers but you need to see on H4 reversal pattern and OB on oscilator indi
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 45 KB
JacekPreserve Precious Capital
  • #21,899
  • Jul 19, 2013 7:56am Jul 19, 2013 7:56am
Quoting Jackub
{quote} Yes , it looks like possible strong S/R, it is a MN OHLC level tested number of times on MH charts and confluence with 50% Fib retracement... Might revers but you need to see on H4 reversal pattern and OB on oscilator indi {image}
on h4 . up trend is established. and the price is hanging with 200 ema someday ago. it broke that ema.
i dont know. if this week the price couldnt close above the redline . i though i will find some entry to take a short new week. (just newbie ideas...)
http://charts.mql5.com/2/75/gbpusd-h...arkets-ltd.png
TRy my best to learn
  • #21,900
  • Edited 9:15am Jul 19, 2013 8:07am | Edited 9:15am
Quoting thaihoc
{quote} on h4 . up trend is established. and the price is hanging with 200 ema someday ago. it broke that ema. i dont know. if this week the price couldnt close above the redline . i though i will find some entry to take a short new week. (just newbie ideas...) {image}

take closer look to your chart, can you see tringe forming?? it looks like bearish triangle , but until will be broken nothing is for sure....
Yes there is a S/R as upper boundary of the triangle, and bulish TL a lower boundary ??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 50 KB


we have also double top...
JacekPreserve Precious Capital
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