Another simple system - Time-Frame 15 | Page 1123 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Multi time frame Simple MACD system 824 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Another simple system - Time-Frame 15
Exit Attachments

Another simple system - Time-Frame 15

  • #22,441
  • Nov 27, 2013 1:40pm Nov 27, 2013 1:40pm
Quoting philemon123
hello traders,i have been going through my journal and seen most of my trades had the potential to get more pips than i usually take. my SL=10 pips TP=10 pips I usually end up at BE or with a small profit or small loss at the end of the week. have a question to all pro traders of this system. how do you usually take profits using this system? how do you set profit targets? whats the minimum amount of pips you take per trade? thank you for your answers.
Hi,
Philemon, I place my first TP is what some people call FTA (first trouble area). It means I know my TP before trade is taken and this is not just mechanical action. The FTA is S/R , S-D, BRN , everywhere when price can be stoped or turned against me, lowest red level is my FTA in this trade, next levels are my next TP if first is broken.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 47 KB
JacekPreserve Precious Capital
  • #22,442
  • Nov 28, 2013 4:23am Nov 28, 2013 4:23am
Quoting Jackub
{quote} Hi, Philemon, I place my first TP is what some people call FTA (first trouble area). It means I know my TP before trade is taken and this is not just mechanical action. The FTA is S/R , S-D, BRN , everywhere when price can be stoped or turned against me, lowest red level is my FTA in this trade, next levels are my next TP if first is broken. {image}

thanks jackub for the reply
  • #22,443
  • Nov 28, 2013 5:28am Nov 28, 2013 5:28am
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm155.png Size: 50 KB
  • #22,444
  • Nov 28, 2013 8:35am Nov 28, 2013 8:35am
Quoting Mattchu
{image}

was also in the trade
Attached Image (click to enlarge)
Click to Enlarge Name: audusd28th.png Size: 24 KB
  • #22,445
  • Edited 9:08am Nov 28, 2013 8:42am | Edited 9:08am
Quoting philemon123
{quote} was also in the trade {image}
Paying attention to divergence?

Besides... you took the trade even after i told you about the thin market? Lol... gl.

So... what was the point of you asking me about the major holidays earlier?

Knowing when to participate and when to stay out is much more important than to just focus on technicals, imo.
  • #22,446
  • Nov 28, 2013 9:48am Nov 28, 2013 9:48am
hi pkimnyc,jackub and other traders,thanks for your help so far.

took 3 losers today,was going through the trades and saw some things.

when price breaks the 10ema on the first touch is always the safest and works 90% of the time the other touches second and third fail most of the time(price passes through them to hit SL)

what touches do you take?
how do you avoid fake touches?
how often do they work? and your experiences with them.

thanks for your answers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd28th.png Size: 24 KB
Click to Enlarge Name: eurjpy28th.png Size: 24 KB
Click to Enlarge Name: audusd28th.png Size: 25 KB
  • #22,447
  • Nov 28, 2013 9:52am Nov 28, 2013 9:52am
Quoting philemon123
hi pkimnyc,jackub and other traders,thanks for your help so far. took 3 losers today,was going through the trades and saw some things. when price breaks the 10ema on the first touch is always the safest and works 90% of the time the other touches second and third fail most of the time(price passes through them to hit SL) what touches do you take? how do you avoid fake touches? how often do they work? and your experiences with them. thanks for your answers. {image} {image} {image}
I dont do mas. at least not in the way you are describing... Gl with your journey.
  • #22,448
  • Edited 10:22am Nov 28, 2013 10:00am | Edited 10:22am
Quoting philemon123
hi pkimnyc,jackub and other traders,thanks for your help so far. took 3 losers today,was going through the trades and saw some things. when price breaks the 10ema on the first touch is always the safest and works 90% of the time the other touches second and third fail most of the time(price passes through them to hit SL) what touches do you take? how do you avoid fake touches? how often do they work? and your experiences with them. thanks for your answers. {image} {image} {image}
Quoting pkimnyc
{quote} I dont do mas. at least not in the way you are describing... Gl with your journey.


It is important to know.. [as Pkimnyc mentioned too] that nothing is written in stone.. It is one of the main reason why traders fail.. try this:

Observe but not judge.. try to look on market in relative point NOT in absolute..

Market is energy, changes its form and shape..

If you look at the market as A+B+C = D.. [indicators or Ea's] then you will have many, many failed results..

Open your current TimeFrame,, [1,5,15.ect..] observe it..
Open a higher one.. 30, 60, 240.. look the background of it..
learn more about timing and news events.. practice.. and you'll be fine..

Cheers
  • #22,449
  • Nov 28, 2013 10:07am Nov 28, 2013 10:07am
Quoting Piters
{quote} {quote} It is important to know.. [as Pkimnyc mentioned too] that nothing is written in stone.. It is one of the main reason why traders fail.. try this: Observe but not judge.. try to look on market in relative point of view NOT in absolute.. Market is energy, changes it form and shape.. If you look at the market as A+B+C = D.. then you will have many, many failed results.. Open your current TimeFrame,, [1,5,15.ect..] observe it.. Open a higher one.. 30, 60, 240.. look the background of it.. learn more about timing and news events.. practice.....
Yo. Nice of you to drop by.
  • #22,450
  • Nov 28, 2013 10:12am Nov 28, 2013 10:12am
Quoting pkimnyc
{quote} Yo. Nice of you to drop by.
yeah, just checking the old place before I go to bed

talk tomorowz
  • #22,451
  • Nov 28, 2013 10:13am Nov 28, 2013 10:13am
Quoting Piters
{quote} yeah, just checking the old place before I go to bed talk tomorowz
Catch you later. Happy holiday.
  • #22,452
  • Nov 28, 2013 10:32am Nov 28, 2013 10:32am
Quoting pkimnyc
{quote} Paying attention to divergence? Besides... you took the trade even after i told you about the thin market? Lol... gl. So... what was the point of you asking me about the major holidays earlier? Knowing when to participate and when to stay out is much more important than to just focus on technicals, imo.

thanks pkimnyc I need to work more on my discipline to be consistent.Not trading for me till next week.
  • #22,453
  • Nov 29, 2013 4:59am Nov 29, 2013 4:59am
Hello there!

I'm looking for some people that want to apply this method on GU and EJ only. PM me for details.

Hope hearing from you soon
  • #22,454
  • Nov 29, 2013 5:16am Nov 29, 2013 5:16am
Quoting tsipouro
Hello there! I'm looking for some people that want to apply this method on GU and EJ only. PM me for details. Hope hearing from you soon
Which method? Traded in this thread (Another Simple Sys)?
  • #22,455
  • Nov 29, 2013 5:18am Nov 29, 2013 5:18am
Quoting MidnightRun
{quote} Which method? Traded in this thread (Another Simple Sys)?
Exactly!
  • #22,456
  • Dec 2, 2013 3:40am Dec 2, 2013 3:40am
Fast 30 pips on GU news
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 33 KB
JacekPreserve Precious Capital
  • #22,457
  • Dec 2, 2013 9:25am Dec 2, 2013 9:25am
Quoting SonFX
Thank for sharing this system, I find it really interesting. But guys who tested it, what do you think? Is this really work? Was it more profitable than full of losses? Thanks in advance for the reply.
Hi mate, on this system great number of traders has grown up .... lots of them never use it anymore, bcos they posessed ability to understand the market... and this is the main task for this thread started by Mr Arjun ... With this system like with others is same problem, no one trader achiving same results. But if you ask is it possible to earn money with this system i will say yes, it is
JacekPreserve Precious Capital
  • #22,458
  • Edited Dec 3, 2013 12:10am Dec 2, 2013 1:10pm | Edited Dec 3, 2013 12:10am
Quoting philemon123
hi pkimnyc,jackub and other traders,thanks for your help so far. took 3 losers today,was going through the trades and saw some things. when price breaks the 10ema on the first touch is always the safest and works 90% of the time the other touches second and third fail most of the time(price passes through them to hit SL) what touches do you take? how do you avoid fake touches? how often do they work? and your experiences with them. thanks for your answers. {image} {image} {image}

Hi, better late then never Hi

your first trade
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 23 KB


wicks shows seller pressure, price just trying break BRN 1.3600 but still there is fight there, market did not decided where to go, we wait we will joing to the winning power

second trade
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 22 KB

same story you are buying on strong S/R 139.000, see few times price rejected from higher level but you still need to buy, again be patient wait what will happen break up or down we can join on pull back

third
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 21 KB

can't you see price under yH ? can not get up, strong resistance , wait as will be broken or wait for bounce, take action when battle on this level will be over and market decide where to go. You see finally it was nice opportunity for short trade, strong resistance above and price swing down
'Is it helpful for you??
JacekPreserve Precious Capital
  • #22,459
  • Dec 2, 2013 3:21pm Dec 2, 2013 3:21pm
Quoting Jackub
{quote} Hi, better late then never Hi your first trade {image} wicks shows seller pressure, price just trying break BRN 1.3600 but still there is fight there, market did not decided where to go, we wait we will joing to the winning power second trade {image} same story you are buing on strong S/R 139.000, see few times price rejected from higher level but you still need to buy, again be patient wait what will happen break up or down we can join on pull back third {image} can't you see price under yH ? can not get up, strong resistance , wait as...
Hello Jackub! Can you tell me more about green MA?
  • #22,460
  • Dec 3, 2013 12:02am Dec 3, 2013 12:02am
Quoting Flaviu1981
{quote} Hello Jackub! Can you tell me more about green MA?
Hi Flaviu!!
This are not mine templates but I think it is a 50EMA.......
JacekPreserve Precious Capital
70 traders viewing now