Another simple system - Time-Frame 15 | Page 1098 | Forex Factory

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Another simple system - Time-Frame 15

  • #21,941
  • Jul 29, 2013 9:37am Jul 29, 2013 9:37am
why price always drop fast after i closed my trade? coz i'm a newbie so i dont know how to manage it. could u help me?

http://charts.mql5.com/2/144/audusd-...arkets-ltd.png
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  • #21,942
  • Jul 29, 2013 10:33am Jul 29, 2013 10:33am
I have not the experience of more senior members, especially in this thread.
What I see, as I have been a silent viewer, is that you can look to close your trade when the yellow TDI line begins to point the opposite direction of your trade. Another sign for me is when the current candle closes on the opposite side of the 10EMA. That could work.
Realize, as well, that often candles go for 3 to 8 in one direction, then there could be a change in direction for a couple of candles. At this time, it could be good to check higher time frames for directional changes.
Like I said, I have not the experience of more senior members in this thread.
  • #21,943
  • Jul 29, 2013 11:09am Jul 29, 2013 11:09am
any comments please? help me? what's wrong with my mind?

the pinbar is close below 10 ema. round number. below 200 ema . the trend is down ...

http://charts.mql5.com/2/144/eurusd-...kets-ltd-2.png
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  • #21,944
  • Jul 29, 2013 11:14am Jul 29, 2013 11:14am
Quoting leonaforex
I have not the experience of more senior members, especially in this thread. What I see, as I have been a silent viewer, is that you can look to close your trade when the yellow TDI line begins to point the opposite direction of your trade. Another sign for me is when the current candle closes on the opposite side of the 10EMA. That could work. Realize, as well, that often candles go for 3 to 8 in one direction, then there could be a change in direction for a couple of candles. At this time, it could be good to check higher time frames for directional...
thanks for your thought. i appricate that. we are trying to learn so we can discuss much to help each other?
TRy my best to learn
  • #21,945
  • Jul 29, 2013 11:27am Jul 29, 2013 11:27am
i'm sorry for my stupid questions (a lot ) coz i'm eager for learning. so i do crazy thing like post alot posts.
and tonight our thread is so boring. there is fews. where are u... Jackup, winforex.BorisViven ????
TRy my best to learn
  • #21,946
  • Jul 29, 2013 12:58pm Jul 29, 2013 12:58pm
Quoting thaihoc
any comments please? help me? what's wrong with my mind? the pinbar is close below 10 ema. round number. below 200 ema . the trend is down ... {image}
??

really?
  • #21,947
  • Jul 29, 2013 4:34pm Jul 29, 2013 4:34pm
hey all...i just want to share my seconf trad....thank @love for this simple strategy

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  • #21,948
  • Edited 2:19am Jul 30, 2013 2:09am | Edited 2:19am
Hi thaihoc, what I usually do is that I start with the daily chart then move to H4 to find the days direction just like LE1 has shown us and then make my entry on M15. For example on EU for today, on the daily chart price is above 10 EMA but is pulling back. We notice that the 800 EMA and the 10 EMA are really close so that could be a great area for a possible bounce. The safe trade would be to wait and see rejection on a higher a time frame I prefer on H1 from the yellow box then I move to 15M and look for a long. This would be a high probability trade if this plays out and it may not so we stand down. I do this type on analysis for a half a dozen pairs so I may have 2 or 3 possible candidates and then just wait.The art in trading is to know when to trade and when to stand down. We got to wait for high probability set ups.

As far as targets, you may want to split your exits, exit half at 1:1 and set the other half to BE, let it run to the next S/R or RN and just walk away and let the market do its thing. You will get stopped on the second half for BE quite often but the reward would be worth it.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 54 KB
Trading can't be taught but it can be learned
  • #21,949
  • Jul 30, 2013 3:08am Jul 30, 2013 3:08am
Quoting thaihoc
any comments please? help me? what's wrong with my mind? the pinbar is close below 10 ema. round number. below 200 ema . the trend is down ... {image}

The trend here is not down! Do u look at htf's at least on the next two??
Cause on h1 you were selling into support zone and look on those candles with wick to the left from your entry...

Does it tell u anything??

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Click to Enlarge Name: Capture.PNG Size: 128 KB
  • #21,950
  • Jul 30, 2013 3:26am Jul 30, 2013 3:26am
However good the system might be, you can't ignore the basics of trading.
  • #21,951
  • Jul 30, 2013 7:28am Jul 30, 2013 7:28am
Quoting orko_555
{quote} The trend here is not down! Do u look at htf's at least on the next two?? Cause on h1 you were selling into support zone and look on those candles with wick to the left from your entry... Does it tell u anything?? {image}
thanks for your help. i didnt notice support zone on h1 chart. now i see why i traded fail. thanks a lot. i should watch carefully next time.
TRy my best to learn
  • #21,952
  • Jul 30, 2013 7:35am Jul 30, 2013 7:35am
Quoting Pipsninja
Hi thaihoc, what I usually do is that I start with the daily chart then move to H4 to find the days direction just like LE1 has shown us and then make my entry on M15. For example on EU for today, on the daily chart price is above 10 EMA but is pulling back. We notice that the 800 EMA and the 10 EMA are really close so that could be a great area for a possible bounce. The safe trade would be to wait and see rejection on a higher a time frame I prefer on H1 from the yellow box then I move to 15M and look for a long. This would be a high probability...
hi pipsninja.
i'm a newbie so it's important to learn from professional trader like you and others in this thread. i dont know what i should say to express my grateness. i have to learn alot coz i'm always eager to learn from your knoweldge.
TRy my best to learn
  • #21,953
  • Jul 30, 2013 7:40am Jul 30, 2013 7:40am
this is my first trade today. i missed my tp just 1 pip. i closed my trade for 7 pip. did it a good decision?

http://charts.mql5.com/2/152/usdjpy-...ts-ltd-ahf.png
TRy my best to learn
  • #21,954
  • Jul 31, 2013 4:57am Jul 31, 2013 4:57am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 38 KB
  • #21,955
  • Jul 31, 2013 5:19am Jul 31, 2013 5:19am
Quoting Mattchu
{image}
feds rate decision. big news day today. we are in range til that news. might wanna sit back and relax today. this system isn't designed for range trade, nor news. my 2c.
  • #21,956
  • Jul 31, 2013 6:32am Jul 31, 2013 6:32am
Quoting pkimnyc
{quote} feds rate decision. big news day today. we are in range til that news. might wanna sit back and relax today. this system isn't designed for range trade, nor news. my 2c.
hi pkimnyc
can u tell what is the big news? i dont know how to get that news. thanks
TRy my best to learn
  • #21,957
  • Jul 31, 2013 6:42am Jul 31, 2013 6:42am
click on "calendar" at top of FF page and all will be revealed.
  • #21,958
  • Jul 31, 2013 6:50am Jul 31, 2013 6:50am
Quoting pkimnyc
{quote} feds rate decision. big news day today. we are in range til that news. might wanna sit back and relax today. this system isn't designed for range trade, nor news. my 2c.
Quoting thaihoc
{quote} hi pkimnyc can u tell what is the big news? i dont know how to get that news. thanks
you will not be able to trade news. so sit back and relax. as a matter of fact, might as well take rest of the week off. friday, nfp.
  • #21,959
  • Jul 31, 2013 7:23am Jul 31, 2013 7:23am
Quoting pkimnyc
{quote} {quote} you will not be able to trade news. so sit back and relax. as a matter of fact, might as well take rest of the week off. friday, nfp.

yeah. price go down like crazy. hichic.... that's new is so powerful, all the red new is the same or just some news? can u recommend me somes?
TRy my best to learn
  • #21,960
  • Jul 31, 2013 7:30am Jul 31, 2013 7:30am
Quoting handy148
click on "calendar" at top of FF page and all will be revealed.
thanks for your instruction, dandy
TRy my best to learn
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