Another simple system - Time-Frame 15

G/U Short, H4, H1 bearish and showing bearish PA in current candles, so as 1st candle after LO is showing a bearish push away from EMA10, this should be a basic classic set up, let's see.....

GJ M15 short trade with a ton of resistance on top.

E/J showed a solid close below a RN in a bearish trend, so when the price pulled back to test the RN in the next candle I took the unusual step of taking a trade on an open candle, hopefully an early entry, not a wrong one....

G/J short taken off last candle before LO, which is higher risk, but the YEN pairs do not from what I have seen, suffer from Frankie fakes outs as much as the others. Anyway, it worked on this occasion, a quick 15 pips in 6 minutes.



8.45am GMT, these two trades both printed indecisive candles and I have to leave for work, so I took the safe option to bank 2 or 3 pips on each, to make me +20 for the day rather than risking two losers and being -15.

Great minds and all that Pipsninja, albeit I see you had the stones to hold in into the RN for a few more pips, that I didn't

Thanks Edlich, momentum was strong. Nice pipping

gone long minutes ago

a trade taken hours ago not knowing RBA Stevens was to speak later on..anyway,no harm done and stop at b/e +...Got only two trades ,this and e/u which was taken a short while ago....

A slow grind but this N/U trade got there in the end. 35 pips for the morning, importantly with no losses, so lets see what NYO brings.​

NU M15 short trade.

Nothing doing for me this aft, too many long wicks, probably due to thanksgiving, so afternoons likely to be the same all week. 35 for the day, which tots up to 242 pips in the last 5 days traded. Trouble is for me that when you get a decent run, it makes me more cautious than I should be, in fear of spoiling the good run!

U/C, you see my point, I took a short earlier, but pulled my stop in to BE at just +5 to see it get taken out before dropping straight to my TP. Then an hour later a good set up, which I missed by being away from my screen.

I was getting ready to finish trading for today but saw this beauty

after having some b/e+ trades, I decided to enter some trades before going to bed...here are the trades

After my posts regarding M5 trading I got quiet a few PMs. It is interesting that all of the PMs were about templates, indicators, how many pips, are you trading it live, is this a good system, are you making any money, tips on how to trade M5, secret tips, which level is the best level to take trades from..........

Not even one question about psychology and emotional hurdles one faces when it comes to trading even though on my post #26,094 the first two items on the study material are books regarding psychology in trading! I have been in your shoes and I used to ask the same type of questions, we want it ALL and we want it NOW.

A trader needs to get the psychological part of trading in check and then he/she may have a chance of survival in this arena. The best trading system won't make you any money unless you have discipline and get our emotions under control.

I am going away for the next 10 days and to those of you who celebrate Thanksgiving, I just wanted to wish you a Happy Thanksgiving. I am especially thankful to Loveevery1 and all the other fantastic traders ( too many to name) for all that they have shared for the benefit of others so tirelessly.

decided to take profit on 1 position and moved stop to b/e+ on the other

H4 is showing some bearish divergence but I would be tempted to short @ .7300 or thereabout.I will wait for pa to tell me

bullish divergence on both g/a and e/a on the 4 hour....some divergence work and some don't...please do not trade blindly....see what pa is doing

oil daily chart....price is showing some retracement and the bigger trend is still down by looking at the TDI

while waiting for a set-up, my mind and eyes went blurred and I took this entry instead of the ones posted above....the only trade today so far

after 6 hours this is what I got