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Another simple system - Time-Frame 15

  • #24,681
  • Jul 14, 2015 8:53am Jul 14, 2015 8:53am
gonna take a break now..bbl..trade safe
the cautious seldom err....C
  • #24,682
  • Jul 14, 2015 10:21am Jul 14, 2015 10:21am
took more out leaving little for target....will be back for Sydney/Asia O
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #24,683
  • Jul 14, 2015 1:19pm Jul 14, 2015 1:19pm
Quoting X-Man
{quote} 1. PA 2. S&R 3. waves (hh,hl,lh,ll) this is what a trader has to learn to be successful no matter what system or method he will choose he will make money a system with too many indies will make the above almost invisible which will cause us to lose when the markets stop trending thats that why you will hear them say i made such big profits with this system and then lost everything. thats just because they used that mechanical system when the market was trending beautifully and it made them think they are invincible and they found the holy...
Hi X-Man and All traders

Can you show us a few examples how to use PA, S&R, WAVES according to LE1 method when the market stop trending ?

Thanks in advance
  • #24,684
  • Jul 14, 2015 1:50pm Jul 14, 2015 1:50pm
Quoting Meihk
lost -12 pips on EU CT.
Hi Meihk, when you look for CT trades, always rely on the TDI for Divergences, ofcourse, when it shows up. I agree that it will always not show divergences for CT`s. But for this particular trade, it did show you in advance, and you would have made some Pips, if you went LONG on the cross of the TDI.

ENTRY should have been on the 3rd GREEN candle`s retrace to the 10EMA. 2nd candle was a confirmation, closing above 10 EMA. SL below the 2nd Candle. Apologies, as I am unable to find any drawing software to detail your chart out.

Just my 2 cents. TDI is very powerful for spotting Divergences.

regards,
JovyFX


http://www.forexfactory.com/attachme...1&d=1436842184
  • #24,685
  • Jul 14, 2015 1:52pm Jul 14, 2015 1:52pm
Quoting X-Man
{quote} 1. PA 2. S&R 3. waves (hh,hl,lh,ll) this is what a trader has to learn to be successful no matter what system or method he will choose he will make money a system with too many indies will make the above almost invisible which will cause us to lose when the markets stop trending thats that why you will hear them say i made such big profits with this system and then lost everything. thats just because they used that mechanical system when the market was trending beautifully and it made them think they are invincible and they found the holy...
Hi X-Man, I agree 1000%. Totally agree with you.

much regards,
JovyFX
  • #24,686
  • Jul 14, 2015 1:55pm Jul 14, 2015 1:55pm
Quoting pips29
very little left on this pair. Price broke the horizontal line (R) on my chart and I took more out at this stage..I do not know where the target should be so I am just adjusting my stop which is now at b/e +160 (5 min chart below) {image}
wow PIPS, you managed to take quite a lot of pips on this one. Very well managed, excellent.

regards,
JovyFX
  • #24,687
  • Jul 14, 2015 1:56pm Jul 14, 2015 1:56pm
Hey Guys,

Any idea where Jean is? No news of him. Hope everything is alright at his end. May God Bless him & bless him well.

regards,
JovyFX
  • #24,688
  • Jul 14, 2015 4:06pm Jul 14, 2015 4:06pm
E/A trade on the daily..going to bed soon...hope I wake up with green pips
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the cautious seldom err....C
  • #24,689
  • Jul 14, 2015 7:16pm Jul 14, 2015 7:16pm
hello my trade today long AJ.

I need expert opinion on where i should TP?
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  • #24,690
  • Jul 14, 2015 7:45pm Jul 14, 2015 7:45pm
Quoting jovyfx
{quote} Hi Meihk, when you look for CT trades, always rely on the TDI for Divergences, ofcourse, when it shows up. I agree that it will always not show divergences for CT`s. But for this particular trade, it did show you in advance, and you would have made some Pips, if you went LONG on the cross of the TDI. ENTRY should have been on the 3rd GREEN candle`s retrace to the 10EMA. 2nd candle was a confirmation, closing above 10 EMA. SL below the 2nd Candle. Apologies, as I am unable to find any drawing software to detail your chart out. Just my 2 cents....
Thank you, i got in late and it was not a strong signal but with the entry on 3rd green candle would've made 20pips. if i was patience and buy the next dip with a strong bullies engulfing signal it would've rewarded me with 50+ pips.
  • #24,691
  • Jul 15, 2015 12:08am Jul 15, 2015 12:08am
Quoting pips29
E/A trade on the daily..going to bed soon...hope I wake up with green pips {image}
woke up ,saw some green pips and took 1/4 off
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the cautious seldom err....C
  • #24,692
  • Jul 15, 2015 12:14am Jul 15, 2015 12:14am
Quoting pips29
In under 20 mins, oil has given me more than enough for the whole day. I am leaving 1/6 for target @53.45 {image}
Target hit! but without me
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the cautious seldom err....C
  • #24,693
  • Jul 15, 2015 12:25am Jul 15, 2015 12:25am
Quoting Meihk
hello my trade today long AJ. I need expert opinion on where i should TP? {image}
Meihk, since you are using pivots , I would suggest taking some profits at R1 (already reached) next at R2 and so forth, my 2 cents
the cautious seldom err....C
  • #24,694
  • Jul 15, 2015 2:01am Jul 15, 2015 2:01am
as the 4hr /daily is bullish, I took weaker UK data as an entry long. I took it on the 1 hour as price started to move back up away from the 34 ema...sorry to say I am not following the indicators
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the cautious seldom err....C
  • #24,695
  • Edited 4:45am Jul 15, 2015 4:34am | Edited 4:45am
pa has been difficult to read since LO. I have re-entered short on E/A on the 1 hour as price looks to be restrained by the 34/200 ema, TDi is turning down and what I like to see is a close on the hourly below the 10 ema Edit: I am going out in a bit and will miss US news at 1.30 pm..hope to be back before hin from Canada..trade safely
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the cautious seldom err....C
  • #24,696
  • Jul 15, 2015 5:24am Jul 15, 2015 5:24am
Quoting yukariyer
{quote} Hi X-Man and All traders Can you show us a few examples how to use PA, S&R, WAVES according to LE1 method when the market stop trending ? Thanks in advance
hi buddy
no one will know when the market will stop trending or start trend.
S&R and waves are not thought in this thread. there are many reliable places to learn this.

S&R, waves and PA are the foundation of your learning in forex.
without this any system you use can/will crumble
this also helps filter out the bad trades and wont allow you to take all signals.

after you learn that then choose a system you are comfy with and trade it.
X-man the legendary conqueror of markets
  • #24,697
  • Jul 15, 2015 7:22am Jul 15, 2015 7:22am
I shorted NU and EA, NU took 1/3 off gonna move SL to BE and let it run.

NU red news broke TL, my guess everyone had a short position on bottom of TL.
for EA got in at the 200ema on 1hr chart. i wanted to follow brother pips29, thanks for the trade.
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  • #24,698
  • Jul 15, 2015 9:09am Jul 15, 2015 9:09am
managed to take some off before leaving the house. 2 attempts and both failed but no damage..However, I missed Canada's red news
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the cautious seldom err....C
  • #24,699
  • Jul 15, 2015 9:18am Jul 15, 2015 9:18am
I will be building some positions on N/u with stop at 65.50..1st position already taken (blue area is support on the weekly,I hope)
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the cautious seldom err....C
  • #24,700
  • Jul 15, 2015 9:37am Jul 15, 2015 9:37am
gone long g/u using h1
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the cautious seldom err....C
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