Another simple system - Time-Frame 15 | Page 1112 | Forex Factory

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Another simple system - Time-Frame 15

  • #22,221
  • Aug 23, 2013 3:23am Aug 23, 2013 3:23am
Quoting Pipsninja
Hi Philemon123, I recommend you to read the following e-book which was posted by RJ on his thread. {image}
thanks pipsninja let me go through it.
  • #22,222
  • Aug 23, 2013 3:29am Aug 23, 2013 3:29am
Quoting philemon123
Hi everyone,i want to start posting my trades so that i could share my views of how i understand the system.I would like all senior members to correct me where i am wrong,i trade daily and 4hr 10ema bounces,entries are in the 15min and sometimes 5min.I keep a SL of 10 pips and TP of 10pips,i keep on reducing my stop as the trade goes along and also depending on where i enter. took this one for 10 pips just now,it was a bounce off the daily 10ema. {image} {image}
First of all I do not pretend to be a senior of the thread...never the less your rule concerning SL seems to me is not correcct. Stop Loss very important element of the strategy and its place is very crutial for strategy. Should be placed where reasons for trade to be taken are no more valid. In most cases it is last swing low/high. Knowing , where our stop los should be located we can asses if trade we expect to have is able to cover risk to reward we plan. (in your case 1:1) . 10 pips on Yen pairs is guaranteed SL hit. my two cents.....
JacekPreserve Precious Capital
  • #22,223
  • Aug 23, 2013 8:38am Aug 23, 2013 8:38am
EU ... 30 pips R:R = 3
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JacekPreserve Precious Capital
  • #22,224
  • Aug 23, 2013 1:32pm Aug 23, 2013 1:32pm
Eu ... 18 pips more, have to close is very late... and Friday night

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JacekPreserve Precious Capital
  • #22,225
  • Aug 23, 2013 1:36pm Aug 23, 2013 1:36pm
Quoting Jackub
Eu ... 18 pips more, have to close is very late... and Friday night {image}

Hi Jackub,

What is the bids/offers (supply/demand) indicators that I see in your charts?

Thanks.
  • #22,226
  • Aug 23, 2013 1:48pm Aug 23, 2013 1:48pm
Quoting MidnightRun
{quote} Hi Jackub, What is the bids/offers (supply/demand) indicators that I see in your charts? Thanks.
Hi,
Supply demands are the usual ones I drew them myslelf, bids and offers are real bids and offers put on the market by big players, they can be find in internet use them as confirmation of the supply demand zones, sometimes is risky to use it as you dont know how big they are and some of this ofers or bids can be erased or added. Look for order flow.
I drew them manualy to...
JacekPreserve Precious Capital
  • #22,227
  • Aug 23, 2013 3:41pm Aug 23, 2013 3:41pm
Quoting MidnightRun
{quote} Hi Jackub, What is the bids/offers (supply/demand) indicators that I see in your charts? Thanks.
Don't worry about them. Everything you need is on the chart.
What is any ocean but a multitude of drops?
  • #22,228
  • Aug 23, 2013 5:23pm Aug 23, 2013 5:23pm
USD/JPY +38pips. Tp at RN
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  • #22,229
  • Aug 25, 2013 1:45pm Aug 25, 2013 1:45pm
Wow...I just finished reading quite a few pages of this thread. Such great information! What a shame for the truth seekers, that the the founder of this site is no longer posting. This is why the teachers and truly spiritual ones end up by themselves, or with a chosen few. The worldlings, so far, always want to crucify the lightworkers. The Avatar of this age was crucified for preaching brotherly love, compassion, and the truth.
  • #22,230
  • Aug 26, 2013 9:10pm Aug 26, 2013 9:10pm
GBP/AUD 2 quick trades, one -14pips the other one +29pips, totally +15pips
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  • #22,231
  • Aug 26, 2013 11:10pm Aug 26, 2013 11:10pm
yest... EU.. fast shot limit order....30 pips
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and 2day UJ...24 pips
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JacekPreserve Precious Capital
  • #22,232
  • Aug 27, 2013 1:06am Aug 27, 2013 1:06am
Quoting Jackub
yest... EU.. fast shot limit order....30 pips {image} and 2day UJ...24 pips {image}

I take my hat off to you.

I remember the days when you started.

And look at you now.

  • #22,233
  • Aug 27, 2013 1:59am Aug 27, 2013 1:59am
EUR/JPY +43pips
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  • #22,234
  • Aug 27, 2013 3:39am Aug 27, 2013 3:39am
Quoting matlobien
{quote} I take my hat off to you. I remember the days when you started. And look at you now.
JacekPreserve Precious Capital
  • #22,235
  • Aug 27, 2013 4:01am Aug 27, 2013 4:01am
35 pips on UCHF
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JacekPreserve Precious Capital
  • #22,236
  • Aug 27, 2013 4:52am Aug 27, 2013 4:52am
USD/JPY +40pips
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  • #22,237
  • Aug 27, 2013 7:21am Aug 27, 2013 7:21am
AU ... 25 pips
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JacekPreserve Precious Capital
  • #22,238
  • Aug 27, 2013 2:08pm Aug 27, 2013 2:08pm
Quoting Jackub
AU ... 25 pips {image}
Can u explain your reason to enter here? I know it was a HTF demand zone, but you had no PA confirmation or something when you've entered.

tnx!
Thoughts are things
  • #22,239
  • Aug 27, 2013 2:40pm Aug 27, 2013 2:40pm
Quoting Quezoy
{quote} Can u explain your reason to enter here? I know it was a HTF demand zone, but you had no PA confirmation or something when you've entered. tnx!
Hi Quetzoy,
Well, I do not use PA to confirm this kind of trade, you can see green fat line with marked level of huge Bid (buyers). Price get to this level very nice (looking on H4) making big unballance, so I expected to go away fast as well. I more relay on price levels then on PA. Few other trades has Bid/Offers,levels marked, you can watch them.
If you see red doted line in demand zone, this is very often respected by price (open/close of the candle) this is a place on M5 where Demands has begins.
I also consider monthly OHLC levels if they correlate with other levels.
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JacekPreserve Precious Capital
  • #22,240
  • Aug 27, 2013 3:24pm Aug 27, 2013 3:24pm
Jacek, tnx for the answer but not all is clear to me.

The red dotten line you say, is open/close of the candle - but which timeframe?
Can I ask which source u use for bids/offers? You said they are drawn manually, right?
Thoughts are things
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