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Another simple system - Time-Frame 15

  • #27,941
  • Apr 20, 2016 1:29am Apr 20, 2016 1:29am
Quoting loveevery1
{quote} im happy you dint take that trade didubai..look at that now..anything can happen when the price is around the 200ema..just look at the number of times it has bounced off the 200 ema after the price reacehs to the other side of the 200 ema...this will tell if the price is gona go through the 200 ema or its gona get rejected. i have another strategy which is basd on 200ema i have discussd that as yet..will do when every1 starts making money with this one first...good luck to you for todays trading..
Can someone pls help to point me this strategies ?

Quote Arjun
......anything can happen when the price is around the 200ema..just look at the number of times it has bounced off the 200 ema after the price reacehs to the other side of the 200 ema...this will tell if the price is gona go through the 200 ema or its gona get rejected.

i have another strategy which is basd on 200ema i have discussd that as yet..will do when every1 starts making money with this one first...good luck to you for todays trading..
May the force with Arjun
  • #27,942
  • Apr 20, 2016 1:56am Apr 20, 2016 1:56am
Quoting Lirbig Nubee
{quote} Can someone pls help to point me this strategies ? Quote Arjun ......anything can happen when the price is around the 200ema..just look at the number of times it has bounced off the 200 ema after the price reacehs to the other side of the 200 ema...this will tell if the price is gona go through the 200 ema or its gona get rejected. i have another strategy which is basd on 200ema i have discussd that as yet..will do when every1 starts making money with this one first...good luck to you for todays trading..
Hi Lirbig Nubee,
well am not an expert , but i think if you patiently read Arjun post,you would get some ideas in the way he looks at the market.

He mention these few steps that he follows daily

1)look at where price is on daily chart in relation to 10ema,
2)look at where price is on 4hr char in relation to 10ema,
3) By now, you should have an idea whether to be a buyer or seller( hmmmmmm, confusing ehhh?)
4)Take trade in the direction of your bias...

When price break daily 10ema say to the upside, it implies that price would have also broken 800ema on 15mins chart to the upside on that particular day..
so the next day , if that previous day daily bullish momentum is to continue,

Go to your 15mins chart and patiently allow price to do it thing retracing back to 800ema previously broken and then push upside above ALL OTHER EMAs in this order

From 800ema below TO 200ema TO 50ema and finally 10ema.

THEN LOOK FOR BUY ON AROUND 10EMA, ROUND NUMBER, PREVIOUS HIGHER TIMEFRAME, SUPPORT AREA,YESTERDAY HIGH E.T.C
Opposite for Bearish...
Well, this is my understanding,I hope Arjun was here to put things in proper perspective.


Anyway, any additions/subtractions is welcome.

Thanks
Enter Signature
  • #27,943
  • Apr 20, 2016 2:09am Apr 20, 2016 2:09am
Quoting Lirbig Nubee
Too early. Made some poor judgement {image}
Loss 19 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EU lodd.png Size: 37 KB
May the force with Arjun
  • #27,944
  • Apr 20, 2016 2:15am Apr 20, 2016 2:15am
Quoting kbforex
{quote} Hi Lirbig Nubee, well am not an expert , but i think if you patiently read Arjun post,you would get some ideas in the way he looks at the market. He mention these few steps that he follows daily 1)look at where price is on daily chart in relation to 10ema, 2)look at where price is on 4hr char in relation to 10ema, 3) By now, you should have an idea whether to be a buyer or seller( hmmmmmm, confusing ehhh?) 4)Take trade in the direction of your bias... When price break daily 10ema say to the upside, it implies that price would have also broken...
kbforex,

Thanks for your kind inputs...........

Appreciate great lesson from experience trades like you.

Im still a noob........ lost one trade today for 19 pip...........so sad
May the force with Arjun
  • #27,945
  • Apr 20, 2016 2:35am Apr 20, 2016 2:35am
Enter another trade gbp , i hope it works........
Attached Image (click to enlarge)
Click to Enlarge Name: Long GBP.png Size: 41 KB
May the force with Arjun
  • #27,946
  • Apr 20, 2016 2:55am Apr 20, 2016 2:55am
Quoting Lirbig Nubee
Enter another trade gbp , i hope it works........ {image}

Big GBP news in 35 minutes.
Follow the money --Mark Felt (Deepthroat)
  • #27,947
  • Apr 20, 2016 3:01am Apr 20, 2016 3:01am
RE entry. Im giving another go EU. Hope that's correct long entry ???
Attached Image (click to enlarge)
Click to Enlarge Name: EU rentry.png Size: 35 KB
May the force with Arjun
  • #27,948
  • Apr 20, 2016 3:04am Apr 20, 2016 3:04am
Quoting longfellow
{quote} Big GBP news in 35 minutes.

Thanks for the info, .... i need to adjust my stop loss, in case........ it goes down.

Current stop loss is 18 pips, must bring it to only 10 pips stop loss...........Hope it works.......
May the force with Arjun
  • #27,949
  • Apr 20, 2016 3:08am Apr 20, 2016 3:08am
Quoting Lirbig Nubee
Buying on bounce trade, I just read the bounce trade in Post # 173. Hope its works EDIT : bounce off 200EMA {image}
Moved my stop loss (profit) to +5 pips....in case it swing back.....lol
Attached Image (click to enlarge)
Click to Enlarge Name: Aud buy 002.png Size: 37 KB
May the force with Arjun
  • #27,950
  • Apr 20, 2016 3:34am Apr 20, 2016 3:34am
Quoting Lirbig Nubee
Enter another trade gbp , i hope it works........ {image}
Another loss trade GU.

News, yeah ive been warned on that..lol

EDIT : Minus 22 pips....
Attached Image (click to enlarge)
Click to Enlarge Name: Long GBP lost.png Size: 32 KB
May the force with Arjun
  • #27,951
  • Apr 20, 2016 3:43am Apr 20, 2016 3:43am
Re- netry GBP. Price still above 200ema and was spiked down by news...
Attached Image (click to enlarge)
Click to Enlarge Name: GBP re-entry.png Size: 33 KB
May the force with Arjun
  • #27,952
  • Apr 20, 2016 3:46am Apr 20, 2016 3:46am
Quoting Lirbig Nubee
{quote} Moved my stop loss (profit) to +5 pips....in case it swing back.....lol {image}
Moved my SL ( stop profit) to +16 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Aud buy 003.png Size: 36 KB
May the force with Arjun
  • #27,953
  • Apr 20, 2016 4:07am Apr 20, 2016 4:07am
Quoting Lirbig Nubee
{quote} Loss 19 pips {image}
Hello bro, am assuming this is nt a live account?
but i must confess your AUDUSD TRADE now looks perfect (lol)
Personlly, I must confess , just because price has moved away from daily 10ema,I would not HAVE enter the trade your took on AUDUSD.
I am looking more for some selling today , unless yteday high is broken and tested, hence am bearish

GBPUSD: If we going to continue buying today, I wud like to see a retracement back to around 800ema or 200ema and bounce off(15mins chart)
else, i wud be looking to sell also

EURUSD: This is more bearish to me than billish for the rest of the week, but i would always wait for price to lead the way.
Once again, pls pls this is my own little understanding of Arjun method , less hear from the expertS.

cheers n bless Arjun
Enter Signature
  • #27,954
  • Apr 20, 2016 4:33am Apr 20, 2016 4:33am
Quoting kbforex
{quote} Hello bro, am assuming this is nt a live account? but i must confess your AUDUSD TRADE now looks perfect (lol) Personlly, I must confess , just because price has moved away from daily 10ema,I would not HAVE enter the trade your took on AUDUSD. I am looking more for some selling today , unless yteday high is broken and tested, hence am bearish GBPUSD: If we going to continue buying today, I wud like to see a retracement back to around 800ema or 200ema and bounce off(15mins chart) else, i wud be looking to sell also EURUSD: This is more bearish...

kbforex, Thanks for your wise words in trading.

You must be very experience forex trader & im always looking to learn something form experience traders in this thread.

Currently, im trading on Demo account. I got my real account ready, but have no confidence in trading it yet, until I read at least half of the posting in this thread. I m slow reader , currently at post # 380. Still a lot of hard work to read and understand.

AU trade was based on BOUNCE Trade, Arjun's method. And AU is currently is on [COLOR=rgba(0, 0, 0, 0.870588)]Steroid[/color] which the high is just about to match June 2015 high.

I attach the daily chart, as it was my reference before trading today. Strong Bullish Bar two days earlier.

On EU & GU, i enter the trade as closest at possible according to Arjun's Rule. But I may be wrong, as I still need to read this thread and understand it first. Until then, I will keep on posting my trade ( following Arjun's Rule), and hope someone , anyone ( Experience Traders) will correct me along the way.

I think this the best way to learn forex by having someone to correct one's mistakes.

Apology if I offended you.

Blessed to Arjun and his family...... His son must be around 4 years old by now....
Attached Image (click to enlarge)
Click to Enlarge Name: Aud buy 004.png Size: 19 KB
May the force with Arjun
  • #27,955
  • Apr 20, 2016 4:41am Apr 20, 2016 4:41am
Quoting loveevery1
Originally Posted by ----- Thought this might help someone Hi loveevery1, I am very grateful to you for having started this simple strategy. I need yr help ... i am consistent at all. what I gain from one trade , i will lose it in another trade. The other day I won 74 pips, the next day I lost it. Feel terrible. I saw yr post on how you trade 4 hr. I couldn't see 200 ma in the chart. is it needed for 4 hr? kindly elaborate. Reply: Mate..this is how it starts..forex is all about maintaining.even a dumb person can buy and sell in the market.but sustain...

Arjun Wrote This :


Hi loveevery1,

I am very grateful to you for having started this simple strategy. I need yr help ... i am consistent at all. what I gain from one trade , i will lose it in another trade. The other day I won 74 pips, the next day I lost it. Feel terrible.

I saw yr post on how you trade 4 hr. I couldn't see 200 ma in the chart. is it needed for 4 hr? kindly elaborate.

Reply:
Mate..this is how it starts..forex is all about maintaining.even a dumb person can buy and sell in the market.but sustain what u have made is what is hard in this business.forex is the only business where u have 50% chance of putting the right trade even without knowing what forex is...there is no business in this world like this one.

For 4hr chart..i dont use 200ema..ofcourse if you put 200ema..you can take rejects of that..what matters is the yellow line.take all the sell crosses below the yellow and same for the buy.like i have explained inthe post.

forex will take 2-3 years if you are very hard working i mean spending 15-16hours a days looking at charts for 3 years.after that you will master everything and it will become a cake walk for u..u wont spend more than 15min in a day to analyse the charts.

for now...take only 1% risk and never more than that.you will get the hang of it.i remember my days when i used to put buy and sell trades for no reason.it happens..do what you will do on the real account in demo account...

need more ask for more...lol
May the force with Arjun
  • #27,956
  • Apr 20, 2016 4:51am Apr 20, 2016 4:51am
Quoting kbforex
{quote} Hello bro, am assuming this is nt a live account? but i must confess your AUDUSD TRADE now looks perfect (lol) Personlly, I must confess , just because price has moved away from daily 10ema,I would not HAVE enter the trade your took on AUDUSD. I am looking more for some selling today , unless yteday high is broken and tested, hence am bearish GBPUSD: If we going to continue buying today, I wud like to see a retracement back to around 800ema or 200ema and bounce off(15mins chart) else, i wud be looking to sell also EURUSD: This is more bearish...

GBPUSD: If we going to continue buying today, I wud like to see a retracement back to around 800ema or 200ema and bounce off(15mins chart) else, i wud be looking to sell also

Ok. Ok...........I tighten my stop or get out of the trade asap

EURUSD: This is more bearish to me than billish for the rest of the week, but i would always wait for price to lead the way.
Once again, pls pls this is my own little understanding of Arjun method , less hear from the expertS.

This trade has to tighten SL or i kill the trade now

Thanks for the tips.............
Attached Image (click to enlarge)
Click to Enlarge Name: GBP re-entry 001.png Size: 27 KB
May the force with Arjun
  • #27,957
  • Apr 20, 2016 4:58am Apr 20, 2016 4:58am
This is how a trader studies this thread and puts the knowledge shared here into action. Superb job Lirbig Nubee
Trading can't be taught but it can be learned
  • #27,958
  • Apr 20, 2016 5:01am Apr 20, 2016 5:01am
Quoting Lirbig Nubee
{quote} kbforex, Thanks for your wise words in trading. You must be very experience forex trader & im always looking to learn something form experience traders in this thread. Currently, im trading on Demo account. I got my real account ready, but have no confidence in trading it yet, until I read at least half of the posting in this thread. I m slow reader , currently at post # 380. Still a lot of hard work to read and understand. AU trade was based on BOUNCE Trade, Arjun's method. And AU is currently is on Steroid which the high is just about...
Hello Friend,
You can never offend me, we are only sharing knowledge and following the spirit of Arjun.
Enter Signature
  • #27,959
  • Apr 20, 2016 5:06am Apr 20, 2016 5:06am
Quoting Pipsninja
This is how a trader studies this thread and puts the knowledge shared here into action. Superb job Lirbig Nubee

Pipsninja.

Thank you for your kind words.

Everyone has limitation in learning. I may read something and understand it differently from you and other experience traders.

As i passed thro the earlier posting by Arjun and other contributors, I try to practice those trades entry, hoping that I got it right. lol

Therefore, to confirmed , what im doing is accordance to Arjun's method ( the correct way to trading), I post all my trades and reason behind those trades i've taken.

If any experience traders who is kind enough to assist me and comments on my trades, it would be a great contribution towards newbies (I'm included) in this thread........

Im sure i will make a lot of mistakes in trading, but to accelerate my learning process, im not shy to put my trade for others to comments, let is be loss trade or profit. ( no cherry picking trades)

Thanks and thanks for all to assist us newbies........God blessed
May the force with Arjun
  • #27,960
  • Apr 20, 2016 5:10am Apr 20, 2016 5:10am
Quoting Lirbig Nubee
{quote} Moved my SL ( stop profit) to +16 pips {image}

Moved my SL (Take profit) +32 pips. Let is run to take my TP just above RN.
Attached Image
May the force with Arjun
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