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12 Years Experience System

  • #21
  • Mar 11, 2014 11:22am Mar 11, 2014 11:22am
Looking for long trade on USD/JPY 102.65-102.90...

SL: ~ 25 pips
  • #22
  • Mar 11, 2014 11:26am Mar 11, 2014 11:26am
Quoting TraderProf
Looking for long trade on USD/JPY 102.65-102.90... SL: ~ 25 pips
Hi
if you post charts with reasons it will be helpful to understand. Your post only represents that you are looking for long usdjpy. Why? Where? Until Where? these questions are unanswered. Without charts it would be like only a trade explorer.
Thanks.
-milkeyway
  • #23
  • Mar 11, 2014 11:40am Mar 11, 2014 11:40am
Attached Image (click to enlarge)
Click to Enlarge Name: audjpym1.png Size: 26 KB
-milkeyway
  • #24
  • Mar 11, 2014 11:49am Mar 11, 2014 11:49am
I'm currently shorting USD/JPY using the H4 TF, been 2 days, +100 pips, was +200 20 mins ago (as you said, it went long ~100 pips when you said you're looking to go long on it, good find!) but i'm expecting it to bounce back short and produce 400+ pips for me over the next couple/few days

I'm still a newbie!, will gladly watch this thread to see how you trade and hopefully learn a good thing or two!
  • #25
  • Mar 11, 2014 12:44pm Mar 11, 2014 12:44pm
Don't know what you are looking for, I'll be looking for PA at the marked zone to add to my long position.

Until you define exactly what your looking for you will get a lot of speculating.

AuraFX I like your avatar, I often wonder what he would have made of the modern world?
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Mar 14 USD:JPY D1 Chart.png Size: 84 KB
  • #26
  • Mar 11, 2014 12:45pm Mar 11, 2014 12:45pm
Quoting kumaramy
{quote} Hi if you post charts with reasons it will be helpful to understand. Your post only represents that you are looking for long usdjpy. Why? Where? Until Where? these questions are unanswered. Without charts it would be like only a trade explorer. Thanks.
Welcome Kumaramy!

Thank you for your posts! You are good in AUD/JPY.

I using mainly the 4 hour timeframe to identify the S/R zones. In my second post i have written about my strategy. I have talked about the S/R ZONEs. On the USD/JPY between 102.65 and 102.90 i think/hope there is a support zone… I don’t know why exactly there, but for me is there. We will see what will happen.

Best regards
  • #27
  • Mar 11, 2014 12:56pm Mar 11, 2014 12:56pm
Haha, i'd love to hear his thoughts on the present world. Unfortunately, we can only wonder.

On-topic: USD/JPY seems to be shorting again, using my newbie, unreliable, skills i still speculate an overall bearish trend for the next couple of days.
What are your thoughts on this? Once again i look at the H4 TF (and look at D1, and lower TF's for some further clarification)
  • #28
  • Mar 11, 2014 1:01pm Mar 11, 2014 1:01pm
Looking for long trade on AUD/CAD 0.9935-0.9965...

SL: ~30 pips
  • #29
  • Mar 11, 2014 1:07pm Mar 11, 2014 1:07pm
is this a system thread where the starter is presenting his system and try to teach others how to use it ...or is jjust a place where everyone is posting his views of the market ?

by the way...to be in this thread spirirt: i made 50 pips shorting AJ....damn that was easy....nice system...probably the best here
  • #30
  • Mar 11, 2014 1:11pm Mar 11, 2014 1:11pm
Quoting bradu
is this a system thread where the starter is presenting his system and try to teach others how to use it ...or is jjust a place where everyone is posting his views of the market ? by the way...to be in this thread spirirt: i made 50 pips shorting AJ....damn that was easy....nice system...probably the best here
I think he is trying to share his knowledge with us, but indirectly, he explained what he generally looks for and posts which pair he's looking to trade and how, this is where it falls down to us to look and see and think about why he made such a decision, good way to learn in my opinion.

If that's what the starter is intending..
  • #31
  • Mar 11, 2014 1:38pm Mar 11, 2014 1:38pm
Quoting AuraFX
{quote} I think he is trying to share his knowledge with us, but indirectly, he explained what he generally looks for and posts which pair he's looking to trade and how, this is where it falls down to us to look and see and think about why he made such a decision, good way to learn in my opinion. If that's what the starter is intending..
Thank you bradu, thank you AuraFX!

I feel you understand the main reason why i started this forum. I want to show you how works my system for me. I can not show that in a day or in a week or even a month... You have to follow my trades, you have to try to understand the market. Of course i can do a chart to paint 100331 color, but it's not the most important. It's not that system what i can write by 15 rules, and it's over (there are another 100000 thread). It's rather a thinking mode, you have to understand a system. I can talk some pages why there is the upper level of my zones, but it's an individual trade... You can not learn nothing by that...

I feel everybody is a little impatient, the most of people want to know a system immedietly, and that's why they need the description, the rules everything else... As i sad give yourself a time to understand a system, not only this system, all of them. Patience is almost the most important.


My mother tongue is not the english, so i only hope you understand what about i am trying to talk. Sorry for gramatic mistakes...
Understand something about this???

Best regards
  • #32
  • Mar 11, 2014 2:59pm Mar 11, 2014 2:59pm
Every chart, trade is different. The market is constantly changing. S/R has to be learned with experience... adapting to market conditions.

TraderProf is right, it is not a rule which will apply to all charts all of the time.


BTW, another good way to learn to trade very quickly (well compared to years and years). Is to look back at charts or downloading past data simulator, and start paper trading by looking at heavy S/R.

This way you will also see how different charts react differently to S/R. If you are the impatient type of guy then you will love paper trading.
  • #33
  • Mar 11, 2014 3:12pm Mar 11, 2014 3:12pm
I am doing quite well for a beginner, testing various systems, taking into account the fundamentals etc.

When i first started out (4 months ago) i used random systems, without understanding how and why they would work, making trades on dozens of demo accounts and it was all hit and miss, good and bad trades, but they all went bust sooner or later. I had no idea of anything. I've, since then, "taught" myself a few things rather than jumping straight into new ideas of others and testing them out. Each demo account i've made has seemed to be getting better since. I think it's about discovering what type of person you are and finding a system/trading style that suits you personally.

Started a new demo account this week, trying things that only make sense to me, through the little experience i've had.

Currently up 1800+ pips since sunday night. I hope to keep this up over the weeks to come.
  • #34
  • Mar 11, 2014 3:42pm Mar 11, 2014 3:42pm
Quoting AuraFX
{quote} I think he is trying to share his knowledge with us, but indirectly, he explained what he generally looks for and posts which pair he's looking to trade and how, this is where it falls down to us to look and see and think about why he made such a decision, good way to learn in my opinion. If that's what the starter is intending..
Good thinking,maybe he needs help!!!!
  • #35
  • Mar 11, 2014 4:17pm Mar 11, 2014 4:17pm
Quoting AuraFX
I am doing quite well for a beginner, testing various systems, taking into account the fundamentals etc. When i first started out (4 months ago) i used random systems, without understanding how and why they would work, making trades on dozens of demo accounts and it was all hit and miss, good and bad trades, but they all went bust sooner or later. I had no idea of anything. I've, since then, "taught" myself a few things rather than jumping straight into new ideas of others and testing them out. Each demo account i've made has seemed to be getting...
Great to hear your comments on your experience. It sounds very similar to my own (4 months experience, lots of search and dump systems). I currently follow something like the OP mentions, which is PA, S/R levels/zones and I also add some volume to the mix. Sound about right for me. Also I do not stick only to forex, i look to commodities and indices to try and find a good spot. looking to go live as soon as I finish setting up my account.
  • #36
  • Mar 12, 2014 3:35am Mar 12, 2014 3:35am
Took this trade at 61% and 141% of fib.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbph1.png Size: 28 KB
-milkeyway
  • #37
  • Mar 12, 2014 11:10am Mar 12, 2014 11:10am
Quoting TraderProf
Looking for long trade on AUD/CAD 0.9935-0.9965... SL: ~30 pips
Near my 2. TP...

Attached Image (click to enlarge)
Click to Enlarge Name: 140311AUDCAD.jpg Size: 177 KB
  • #38
  • Mar 12, 2014 2:26pm Mar 12, 2014 2:26pm
Quoting TraderProf
{quote} Near my 2. TP... {image}
Dear sir all I have from you is positions but no basis for entry, please correct me if I'm missing something. I guess your style is something like this screenshot, but I'm yet to see people that claim to trade S&R DD&SS show their expected levels ahead and of taking trades, that would lend some credibility to their claim.
I see you have some illusions on your charts though.

However I will stick around see if you can and will lay all your cards on the table starting with a live trade explorer.
Attached Image (click to enlarge)
Click to Enlarge Name: ILLUSION.png Size: 83 KB
Let it turn and find your entry.
  • #39
  • Mar 15, 2014 4:21am Mar 15, 2014 4:21am
Quoting TraderProf
Looking for long trade on USD/JPY 102.65-102.90... SL: ~ 25 pips
It was a loosing trade... It is the part of trading.

(Chart: the green was the zone,
Blue line: i opened the position that price
Black triangel: opened the position based on that candle.)
Attached Image (click to enlarge)
Click to Enlarge Name: 140311USDJPY.jpg Size: 210 KB
  • #40
  • Mar 15, 2014 4:55am Mar 15, 2014 4:55am
Weekly report (2014. 03. 10-2014. 03. 14) :

AUD/CAD: +60pip (SL~ 30pips)
USD/JPY: -25 pip (SL~25 pips)

TOTAL: + 35 pips this week.

If you risk 1% of your capital in every trade:
AUD/CAD: +60pip (SL~ 30pips) => +2%
USD/JPY: -25 pip (SL~25 pips) => - 1%

TOTAL: +1 % on this week.
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