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Another simple system - Time-Frame 15

  • #26,601
  • Jan 21, 2016 5:26am Jan 21, 2016 5:26am
Quoting Pipsalon
{quote} My expectation for GU was down as well. But I kept a small SL... So I lost. I need to change some things to get profitable... Entry at the bounce from 4h 10 ema would have been better. {image}
That has proved profitable in many of my trades..I took a loss on a/y overall as my last entry which I thought was perfectly correct turned out not to be so,,I do realise I might be better off having the stop say 6 pips or more above the recent high, would have saved the trade..any ideas why this failed, anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM15.png Size: 57 KB
the cautious seldom err....C
  • #26,602
  • Jan 21, 2016 5:33am Jan 21, 2016 5:33am
manually closed this trade as I will be having dinner soon..ain't gonna let my winners become losers over a meal
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 57 KB
the cautious seldom err....C
  • #26,603
  • Jan 21, 2016 5:45am Jan 21, 2016 5:45am
Quoting pips29
{quote} That has proved profitable in many of my trades..I took a loss on a/y overall as my last entry which I thought was perfectly correct turned out not to be so,,I do realise I might be better off having the stop say 6 pips or more above the recent high, would have saved the trade..any ideas why this failed, anyone? {image}
Some thoughts... your short entry was right above RN. If you look to the left there is support from PPA. Price is close to my ADR low as well. But it looks like your ADR low is not at the same place as mine. This are just some of my rookie thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ21-1.PNG Size: 80 KB
  • #26,604
  • Jan 21, 2016 5:48am Jan 21, 2016 5:48am
TP got hit on GJ
Attached Image (click to enlarge)
Click to Enlarge Name: GJ21-1.PNG Size: 57 KB
  • #26,605
  • Jan 21, 2016 5:51am Jan 21, 2016 5:51am
Patience and discipline is the key...
  • #26,606
  • Jan 21, 2016 5:55am Jan 21, 2016 5:55am
This is the proof that this strategy works... Price is bouncing between the 10 ema's. Just as LE1 teached us. That's why EU is hardly moving today. Now it looks like it is going to brake to the upside. But there is a lot of red news coming this afternoon...
Attached Image (click to enlarge)
Click to Enlarge Name: bouncing 10emas.PNG Size: 9 KB
  • #26,607
  • Jan 21, 2016 6:31am Jan 21, 2016 6:31am
sterling..where are you going? I don't like shorting you and therefore I take only small profit from your fall..Get your act together soon..
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 57 KB
the cautious seldom err....C
  • #26,608
  • Jan 21, 2016 6:34am Jan 21, 2016 6:34am
Quoting pips29
sterling..where are you going? I don't like shorting you and therefore I take only small profit from your fall..Get your act together soon.. {image}

How was your dinner?
  • #26,609
  • Jan 21, 2016 6:40am Jan 21, 2016 6:40am
Quoting Pipsalon
TP got hit on GJ {image}
looks like you got in where I got off and I usually leave pips behind on the dragon and cable as well
the cautious seldom err....C
  • #26,610
  • Jan 21, 2016 6:42am Jan 21, 2016 6:42am
Quoting Pipsalon
{quote} How was your dinner?
I took vegetables mainly as I have been having the "runners" lately..how's lunch?
the cautious seldom err....C
  • #26,611
  • Jan 21, 2016 6:49am Jan 21, 2016 6:49am
nothing much with the ecb announcement...as expected nothing has changed..is that good for the euro???
the cautious seldom err....C
  • #26,612
  • Jan 21, 2016 6:55am Jan 21, 2016 6:55am
Quoting pips29
nothing much with the ecb announcement...as expected nothing has changed..is that good for the euro???
while we wait for Mr Draghi and also red news from the US, I am just waiting for the ozzie and his cousin to fall...ha,ha
the cautious seldom err....C
  • #26,613
  • Jan 21, 2016 7:07am Jan 21, 2016 7:07am
Quoting pips29
{quote} I took vegetables mainly as I have been having the "runners" lately..how's lunch?
Good Had 3 rolls with salmon on it
  • #26,614
  • Jan 21, 2016 7:10am Jan 21, 2016 7:10am
Went for a short walk... it's freezing cold here.
  • #26,615
  • Jan 22, 2016 4:30am Jan 22, 2016 4:30am
yesterday was a bad day for me..took losses on the euro,ozzie and kiwi..This morning I took trades on the daily on u/cad and e/cad. On ucad 1 entry was a break of the low and another a break of yesterday low.The 1st position was based on the daily bearish candle..I took one entry on e/cad based on the bearish close and below the 10 ema..On g/u the first entry was based on the daily which closed as a pinbar and the 2nd on the 15 min chart..Hope these entries will put a smile back on my face, ha,ha
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ucaddaily.png Size: 74 KB
Click to Enlarge Name: ecad.png Size: 78 KB
Click to Enlarge Name: gu.png Size: 69 KB
the cautious seldom err....C
  • #26,616
  • Jan 22, 2016 4:51am Jan 22, 2016 4:51am
Quoting pips29
yesterday was a bad day for me..took losses on the euro,ozzie and kiwi..This morning I took trades on the daily on u/cad and e/cad. On ucad 1 entry was a break of the low and another a break of yesterday low.The 1st position was based on the daily bearish candle..I took one entry on e/cad based on the bearish close and below the 10 ema..On g/u the first entry was based on the daily which closed as a pinbar and the 2nd on the 15 min chart..Hope these entries will put a smile back on my face, ha,ha {image} {image} {image}
Do you want to post charts from your losers? I see you are posting a lot of charts from winning trades but not from losers...
We can learn from our mistakes as well...
  • #26,617
  • Edited 5:07am Jan 22, 2016 4:56am | Edited 5:07am
sure can, here they are EDit: the big loss was e/a..Mr Draghi you spoiler
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 53 KB
Click to Enlarge Name: EURAUDM15.png Size: 51 KB
Click to Enlarge Name: AUDUSDM15.png Size: 53 KB
the cautious seldom err....C
  • #26,618
  • Jan 22, 2016 5:02am Jan 22, 2016 5:02am
this one too
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM15.png Size: 49 KB
the cautious seldom err....C
  • #26,619
  • Jan 22, 2016 5:16am Jan 22, 2016 5:16am
Quoting pips29
sure can, here they are EDit: the big loss was e/a..Mr Draghi you spoiler {image} {image} {image}
Thank you. I see the reason why you took the trades. I think most of the setups were proper but just unlucky.
Some thoughts: AU maybe you could have moved your SL to BE already after the big red candle. Price should not have comeback that far after that red candle.
EA as you said it failed because of the speech from our Italian friend. It was risky to let this trade run because of the red news...
  • #26,620
  • Jan 22, 2016 5:20am Jan 22, 2016 5:20am
Quoting Pipsalon
{quote} Thank you. I see the reason why you took the trades. I think most of the setups were proper but just unlucky. Some thoughts: AU maybe you could have moved your SL to BE already after the big red candle. Price should not have comeback that far after that red candle. EA as you said it failed because of the speech from our Italian friend. It was risky to let this trade run because of the red news...
yup ,you are absolutely correct..anyway, here's one trade (pending buy) on g/y if price pushes upwards and break what looks like a double top....at least for now? I am bullish cad and pound today
Attached Image (click to enlarge)
Click to Enlarge Name: gy.png Size: 74 KB
the cautious seldom err....C
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