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Another simple system - Time-Frame 15

  • #22,481
  • Dec 6, 2013 6:49am Dec 6, 2013 6:49am
Quoting ShepherdL
{quote} Just a newbie wanted to learn...
I think he took the trade because of double bottom at 138.50 creating bullish divergence??
  • #22,482
  • Dec 6, 2013 6:59am Dec 6, 2013 6:59am
Quoting Rcubic
{quote} I think he took the trade because of double bottom at 138.50 creating bullish divergence??
Thanks for your reply, Rcubic. You said you have been trading well after learning from this thread for several months.
It would be good if you can share some of your thoughts during trading.

I almost have read all Jordfx's posts. His method looks very simple and clean. And he makes a lot of pips.
But I really didn't realize why he took all his trades.
  • #22,483
  • Dec 6, 2013 7:10am Dec 6, 2013 7:10am
Quoting ShepherdL
{quote} Congrats, Jackup, it is amazing. Would you mind sharing why you took this trade? Thanks.
Hi,
it was consolidation breakout, I have not to much experience with news so closed this trade early....
Firts candle BO lightly consolidation box, i should wait for confirmation and take bounce, but it was very exiting and I do not manage my exitements very well yet, it could be a fake. Fortunately for me, after plull back was a bounce ... rest is a matter of patience

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JacekPreserve Precious Capital
  • #22,484
  • Edited 7:47am Dec 6, 2013 7:26am | Edited 7:47am
Quoting Rcubic
{quote} I think he took the trade because of double bottom at 138.50 creating bullish divergence??
You are right... however some traders do not believe in divergency.... there was divergency on M15 but there was very nice double bottom on H1 same moment on RN 138.500 ...
M15 was entry time frame and divergency just one more factor to take trade
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JacekPreserve Precious Capital
  • #22,485
  • Dec 6, 2013 7:30am Dec 6, 2013 7:30am
Quoting Jackub
{quote} You are right... how ever some traders do not believe in divergency.... there was divergency on M15 but there was very nice double bottom on H1 same moment on RN 138.500 ... M15 was entry time frame and divergency just one more factor to take trade {image}
beauty trade jackup. congrats.
  • #22,486
  • Dec 6, 2013 7:41am Dec 6, 2013 7:41am
Quoting pkimnyc
{quote} beauty trade jackup. congrats.
Thank you PK...
JacekPreserve Precious Capital
  • #22,487
  • Dec 6, 2013 8:08am Dec 6, 2013 8:08am
Quoting ShepherdL
{quote} Thanks for your reply, Rcubic. You said you have been trading well after learning from this thread for several months. It would be good if you can share some of your thoughts during trading. I almost have read all Jordfx's posts. His method looks very simple and clean. And he makes a lot of pips. But I really didn't realize why he took all his trades.
Yes, this thread has very good information, from diferents stages since the thread started, I can't be an active trader and poster because of my daily job, but I do my best when I have the time, what I suggest is to stick with the simples rules from the beginning of this thread, don't think still in big trades with big pips, taking small trades of 10 or 20 pips with minimum risk is what I focus now, this is giving me more consistancy and increase my confidence when taking the trades. That's my only suggestion at the moment, still I am learning. Good luck!
  • #22,488
  • Dec 6, 2013 11:50am Dec 6, 2013 11:50am
keep this tread alive.
Very risky but quick 9 pips on GJ.
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  • #22,489
  • Dec 6, 2013 2:30pm Dec 6, 2013 2:30pm
Quoting jeank
keep this tread alive. Very risky but quick 9 pips on GJ. {image}
Jeank, I have feeling that your chart is overloaded with indicators...... ... and looks lake trade is taken against some of them....
Have nice weekend!
JacekPreserve Precious Capital
  • #22,490
  • Dec 7, 2013 3:51am Dec 7, 2013 3:51am
you are right, i dont use them at certain moment.
  • #22,491
  • Dec 8, 2013 3:09am Dec 8, 2013 3:09am
Quoting Jackub
{quote} Hi, it was consolidation breakout, I have not to much experience with news so closed this trade early.... Firts candle BO lightly consolidation box, i should wait for confirmation and take bounce, but it was very exiting and I do not manage my exitements very well yet, it could be a fake. Fortunately for me, after plull back was a bounce ... rest is a matter of patience {image}
This added some weight behind it as well I think.
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  • #22,492
  • Dec 8, 2013 3:32am Dec 8, 2013 3:32am
Quoting Mattchu
{quote} This added some weight behind it as well I think. {image}
JacekPreserve Precious Capital
  • #22,493
  • Dec 9, 2013 1:20am Dec 9, 2013 1:20am
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  • #22,494
  • Dec 9, 2013 1:29am Dec 9, 2013 1:29am
Bounce off the NFP high from Friday...
  • #22,495
  • Dec 9, 2013 1:38am Dec 9, 2013 1:38am
Might look for a short IF it can break this support it's sitting on... The bounce off the e200 doesn't look too enthusiastic, heh. What do you guys think?
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  • #22,496
  • Dec 9, 2013 1:46am Dec 9, 2013 1:46am
On closer inspection it looks to be some serious support... also might get a new H4 candle open above the H4 e10...
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  • #22,497
  • Edited 7:31am Dec 10, 2013 7:18am | Edited 7:31am
finishing touch: 50, 100, 150 pips each entries from nfp.

volume increasing on the rapid move up = time to get the hell out.
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  • #22,498
  • Dec 10, 2013 10:49am Dec 10, 2013 10:49am
15 pips before go to bed...
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JacekPreserve Precious Capital
  • #22,499
  • Dec 10, 2013 10:51am Dec 10, 2013 10:51am
Quoting pkimnyc
finishing touch: 50, 100, 150 pips each entries from nfp. volume increasing on the rapid move up = time to get the hell out. {image}
Pk what a trading...... love it!
JacekPreserve Precious Capital
  • #22,500
  • Dec 10, 2013 11:09am Dec 10, 2013 11:09am
keep this thread alive.
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