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Another simple system - Time-Frame 15

  • #23,761
  • May 21, 2015 9:58am May 21, 2015 9:58am
managed to get some pips from g/cad short (out of trade)
Attached Image (click to enlarge)
Click to Enlarge Name: gcad.png Size: 45 KB
the cautious seldom err....C
  • #23,762
  • May 21, 2015 10:41am May 21, 2015 10:41am
entered 2 positions on oil using 1 min time frame with one and the other on 5 min. I reckon 61 is doable with 61.60 as a possibility
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Click to Enlarge Name: oil.png Size: 51 KB
the cautious seldom err....C
  • #23,763
  • May 21, 2015 11:33am May 21, 2015 11:33am
Quoting jeank
Ask yourself what are they doing ? buying or selling ? then go with the flow, thats it.
Just wondering, are you trading live or demo?
  • #23,764
  • May 21, 2015 3:27pm May 21, 2015 3:27pm
Hi sleewc , if i say yes what you will say ? please
  • #23,765
  • May 21, 2015 4:51pm May 21, 2015 4:51pm
Hi,

been studying and testing this great system for a while and i really need to ask a question.
How do i avoid these bad trades?

Thanks

EDIT: First rectangle isn't a bad trade. Sorry, been in front of the pc the whole day
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4.png Size: 85 KB
  • #23,766
  • May 21, 2015 7:08pm May 21, 2015 7:08pm
I can't see what you did wrong. You have to show the trades ,where you entered long/short in order that someone can give you the answer
the cautious seldom err....C
  • #23,767
  • May 21, 2015 7:11pm May 21, 2015 7:11pm
Quoting pips29
gone short g/cad and g/a..risky trades as they are CT trades. G/a is a divergence play on H1 plus bearish candle..Stops tight on both {image} {image}
taking 1/4 off and going to bed now
Attached Image (click to enlarge)
Click to Enlarge Name: ga.png Size: 52 KB
the cautious seldom err....C
  • #23,768
  • May 21, 2015 11:53pm May 21, 2015 11:53pm
Thanks for the reply.
Here are some trades i'd take. White lines are stop loss.
1, 2, 3, 4 i think are all pretty good entries.
5 would hit the stop loss, but HA and TDI look good to me. Where am i wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4.png Size: 87 KB
  • #23,769
  • May 22, 2015 12:27am May 22, 2015 12:27am
Quoting jeank
Hi sleewc , if i say yes what you will say ? please
yes for demo or live?
  • #23,770
  • May 22, 2015 2:37am May 22, 2015 2:37am
HI sleewc , i have a demo and a live account , what do you want , please ?
  • #23,771
  • May 22, 2015 2:43am May 22, 2015 2:43am
Quoting theBlues
Thanks for the reply. Here are some trades i'd take. White lines are stop loss. 1, 2, 3, 4 i think are all pretty good entries. 5 would hit the stop loss, but HA and TDI look good to me. Where am i wrong? {image}
Last signal was after London session close.
  • #23,772
  • May 22, 2015 2:57am May 22, 2015 2:57am
Hi all , hi the blues , have a look on your H1 TF and you will see all the support and resistance on the chart. It was very risky to take a trade where you did a sell. But just following the 10 ema on 1H you could have done it for 20 or 25 pips gain. AND on the 1h you have the 800 ema not far, telling us something. And the big guys were in a buying mode trying to push the price higer waiting for the last FOMC.
Try to have the 4H tf , the 1H , the 30mn and the 15mn TF open in front of you when trading then you will see everyting. Last where is ur entry on the 5 ?
Me i was bullish on EU .
  • #23,773
  • May 22, 2015 3:03am May 22, 2015 3:03am
On EU 39 pips gain from yesterday, i decide to close my trade now.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-22 08_01_59-.png Size: 81 KB
  • #23,774
  • May 22, 2015 3:04am May 22, 2015 3:04am
hi jeank please can you share with your method trading
  • #23,775
  • May 22, 2015 3:31am May 22, 2015 3:31am
Quoting jeank
Hi all , hi the blues , have a look on your H1 TF and you will see all the support and resistance on the chart. It was very risky to take a trade where you did a sell. But just following the 10 ema on 1H you could have done it for 20 or 25 pips gain. AND on the 1h you have the 800 ema not far, telling us something. And the big guys were in a buying mode trying to push the price higer waiting for the last FOMC. Try to have the 4H tf , the 1H , the 30mn and the 15mn TF open in front of you when trading then you will see everyting. Last where is ur...
Hi,

thanks for helping me. I appreciate.
Acutally, i did not take any of those trade. I was just looking and styding the chart.
I see that is very important to keep an eye on the other tf and i have a question on this. Sometimes they filter bad trades but they filter good trades too. This is way i'm never too sure if i should trust what higher tf says or not. Do you have any suggestion on this?
It would be also very nice to have more information on your setup.

Thanks again
  • #23,776
  • May 22, 2015 3:58am May 22, 2015 3:58am
Quoting jeank
HI sleewc , i have a demo and a live account , what do you want , please ?
just wondering those that you posted is demo or live account.
  • #23,777
  • May 22, 2015 4:01am May 22, 2015 4:01am
Believe me trust what higher TF says. We take a trade base on higher TF 1h or 4H , the 15mn is for a tight SL and entries. Any good trader look at the higher TF better to have a bird eyes view.
My trading method rely on support and resistance. The price move from a support to a resistance and vice versa.When the price is at SR i look for PASR ( Price action at support and resistance), look for pattern or engulfing, pinbar etc.... And i always ask myself what are they doing ? are they buying or are they selling. Most of the time i dont look at the tdi because it lags. When i see that the big guys are buying or are selling i go with the flow but this come with experience.
We have some traders with a naked chart in FF. No emas , no oxcillators , MACD.... and so one. Try to have a look on TMS thread , its a good thread with great trader like EMMANUEL7788 ...Mraussiefx , adykayap , phx62 , omonisha...etc They are better than me , even here pips29 is better than me...
Attached File(s)
File Type: pdf Candle patterns doc (PASR).pdf   1.5 MB | 576 downloads
File Type: doc TRADING IS TOUGH(1).doc   40 KB | 448 downloads
File Type: pdf divergence.pdf   76 KB | 461 downloads
  • #23,778
  • May 22, 2015 4:10am May 22, 2015 4:10am
Can somebody tells me why traders say they dont bother of news because everything is on the chart , the chart shows everything... ?
  • #23,779
  • May 22, 2015 4:12am May 22, 2015 4:12am
If X-MAN or EMMANUEL7788 or somebody else can give an answer or a post of arjun about news , will be much appreciate.
  • #23,780
  • May 22, 2015 4:22am May 22, 2015 4:22am
Quoting jeank
If X-MAN or EMMANUEL7788 or somebody else can give an answer or a post of arjun about news , will be much appreciate.
Hi Jeank
Arjun use to say when theres red news then just stay away.
Its better.
Alot of times you will see the news hour could have made you 100pips in candle go and you wouldnt be stopped out.
but in my experience just to get in at a good price is difficult coz in a red news time zone when price starts spiking and if you enter at that time you will be 20 to 30 pips off the actual price that you wanted and then if that time market reverses you will have to have an enormous SL. or if you enter at the right price the candle can spike and hot your SL and go in the favourable direction. so its too big risk.
here in forex what we do is minimize risk and maximize profit.
So just stay safe and keep away from red news .

BTW jeank and pip29 you guys are trading very good. keep it up.
X-man the legendary conqueror of markets
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