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Another simple system - Time-Frame 15

  • #24,781
  • Jul 20, 2015 4:28am Jul 20, 2015 4:28am
Quoting Meihk
hello i took a short on NU today. SL 10 pips. {image}
I see you have the Ha tape but can I suggest you switch the colour around so that red means candles bearish and vice versa. I have done that on my chart, I dunno why this indicator has it the other way round....just a suggestion, Meihk
the cautious seldom err....C
  • #24,782
  • Jul 20, 2015 4:28am Jul 20, 2015 4:28am
What about EU 15M? If the price closes under the 50EMA, I think it would be a nice sell. What's your opinion?
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  • #24,783
  • Jul 20, 2015 4:37am Jul 20, 2015 4:37am
Quoting Meihk
hello i took a short on NU today. SL 10 pips. {image}
wish you success but I am in this trade (cousin)....added position during Sydney session and miss the opportunity to scale out as I was in bed by then...keeping watch now
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the cautious seldom err....C
  • #24,784
  • Jul 20, 2015 4:40am Jul 20, 2015 4:40am
Quoting catalin_eros
What about EU 15M? If the price closes under the 50EMA, I think it would be a nice sell. What's your opinion? {image}
every success eros,....I do not have this trade but I have got his opposite
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the cautious seldom err....C
  • #24,785
  • Jul 20, 2015 4:49am Jul 20, 2015 4:49am
Quoting catalin_eros
{quote} I hope you are on demo. I am in the testing faze with this strategy, so I use a demo. But X-man does not use TDI, and he is very successful with this strategy. And I remember reading a post of LE1, where he said that all indicators are useless, including TDI, and we should use just price action and EMAs.
I am trading live just micro lots trying to get some confidence back in forex after being on a very long losing streak.I have read half of the thread and i like X- man's approach of not looking at TDI.I am getting some confidence back and i know will face some losses before i become half as good as X-man and pips29.... thats forex for me.
  • #24,786
  • Jul 20, 2015 4:58am Jul 20, 2015 4:58am
Quoting pips29
{quote} I see you have the Ha tape but can I suggest you switch the colour around so that red means candles bearish and vice versa. I have done that on my chart, I dunno why this indicator has it the other way round....just a suggestion, Meihk
thanks pips29, i did notice the tape was showing different than the ha candle. good luck trade safe!
  • #24,787
  • Jul 20, 2015 5:09am Jul 20, 2015 5:09am
went short
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the cautious seldom err....C
  • #24,788
  • Jul 20, 2015 5:17am Jul 20, 2015 5:17am
Took a short on EURUSD when price closed below RN and 10 EMA to yesterdays low.

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  • #24,789
  • Jul 20, 2015 6:33am Jul 20, 2015 6:33am
Quoting pips29
went short {image}
not liking pa,therefore put the axe in
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the cautious seldom err....C
  • #24,790
  • Jul 20, 2015 6:53am Jul 20, 2015 6:53am
Quoting blueseal
Took a short on EURUSD when price closed below RN and 10 EMA to yesterdays low. {image}
I took the same trade. fingers crossed.
Not going exactly as I hoped.
  • #24,791
  • Jul 20, 2015 7:37am Jul 20, 2015 7:37am
Gone long on UJ 15M. All signs point to upward movement, besides that huge spike to the left.
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  • #24,792
  • Jul 20, 2015 8:24am Jul 20, 2015 8:24am
USD/CHF, gone long on 15M.
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  • #24,793
  • Jul 20, 2015 10:05pm Jul 20, 2015 10:05pm
How did you go with those long trades? I managed to break even
  • #24,794
  • Jul 21, 2015 3:41am Jul 21, 2015 3:41am
Quoting PowerPiP
How did you go with those long trades? I managed to break even
Hi, PowerPip!

I lost 20 pips on USD/CHF and I won 2 pips on USD/JPY. This strategy doesn't seem to work for me. I am not sure if I should keep trying, or focus on another one. Will see...
  • #24,795
  • Jul 21, 2015 3:53am Jul 21, 2015 3:53am
Quoting catalin_eros
{quote} Hi, PowerPip! I lost 20 pips on USD/CHF and I won 2 pips on USD/JPY. This strategy doesn't seem to work for me. I am not sure if I should keep trying, or focus on another one. Will see...
if you want to keep trying this style of trading then you should improve your area of entry.
you entering too late
and then you setting a big SL.
You must be able to enter at a place thats going to tell you its going to go your way or not.
that means if it goes your way it will go your way immediately and if not then you going to get out immediately.

From what i can see you didnt read the thread at all or you did but not applying the rules.
go through arjuns posts and see how he use to take his trades.
learn it .
and watch the candles do the same thing.
you will then be able to do the same.
if you not going to learn this thread then you never going to know how this method really works.
X-man the legendary conqueror of markets
  • #24,796
  • Jul 21, 2015 4:06am Jul 21, 2015 4:06am
Quoting jovyfx
{quote} Perception, probably means, "our opinion of a certain subject, from the way we see it or perceive it". IMHO. REGARDS, JovyFX
Yip you are right
But why am i asking such questions?
These things aint for my benefit.
X-man the legendary conqueror of markets
  • #24,797
  • Jul 21, 2015 4:10am Jul 21, 2015 4:10am
Quoting X-Man
{quote} if you want to keep trying this style of trading then you should improve your area of entry. you entering too late and then you setting a big SL. You must be able to enter at a place thats going to tell you its going to go your way or not. that means if it goes your way it will go your way immediately and if not then you going to get out immediately. From what i can see you didnt read the thread at all or you did but not applying the rules. go through arjuns posts and see how he use to take his trades. learn it . and watch the candles do...
Thanks, X-Man!
My SL is 20 pips, TP is 20, and I use a TS of 12 pips. Should I use it differently?
  • #24,798
  • Jul 21, 2015 4:14am Jul 21, 2015 4:14am
Quoting catalin_eros
{quote} Thanks, X-Man! My SL is 20 pips, TP is 20, and I use a TS of 12 pips. Should I use it differently?
You can use 20TP and 20SL
but i dont like the place you entering
this thread is about the 10ema . why is it about the 10ema mainly?
X-man the legendary conqueror of markets
  • #24,799
  • Jul 21, 2015 4:27am Jul 21, 2015 4:27am
Quoting catalin_eros
{quote} Hi, PowerPip! I lost 20 pips on USD/CHF and I won 2 pips on USD/JPY. This strategy doesn't seem to work for me. I am not sure if I should keep trying, or focus on another one. Will see...
This is the only trading system that has worked for me. I am profitable with this.
I agree with X-man, your loosing your pips because your coming in too late. Probably waiting for the green line to cross. I would never take a trade on the third or more candle above the 10ema. I normally always enter at the start of the second candle. Sometimes before the second candle if i can see the candle is very close to closing.
I draw trend lines to determine where I should place my TP and try to place it before the magic numers. I will also draw trend lines to determine where i should place my SL. Making sure that I have at least a 1:1 risk reward ratio.
Keep practising this method. It WILL work for you. But this method really does work best in the first 3-4 hours of the London and US open. When I have used it in the Australian, Asian sessions, I normally fail :O)

Good luck
  • #24,800
  • Jul 21, 2015 4:27am Jul 21, 2015 4:27am
Quoting X-Man
{quote} You can use 20TP and 20SL but i dont like the place you entering this thread is about the 10ema . why is it about the 10ema mainly?
But I do enter based on the 10EMA. I want the price to be rejected by it, and the slope of the 10EMA to be in the direction of the entry. An d also the order of the EMAs should be 10, 50, 200, 800. That's what I look for, and also RN. I agree I do not pay much attention to the previous day's high and low, and neither to the current day's high and low. Is everything I wrote correct so far?
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