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- Pipsninja replied Jan 27, 2016
You are Funny
right back at you "jy is 'n TE verwydering 0,01 lot stokperdjie handelaar" I used google translate for this so my apologies if it doesn't sound native. I am done posting here. "Native meaning grammatically correct spoken ...The Multi-Million Rand Forex Freestyle Challenge 2016!
- Pipsninja replied Jan 26, 2016
It is a very sad day indeed, I actually learned a lot from your posts and trades that you had shared in the past, I owe you a sincere thank you so Thank You X-Man. Flash forward to now, lets see sometime ago you started a similar thread under ...
The Multi-Million Rand Forex Freestyle Challenge 2016!
- Pipsninja replied Jan 26, 2016
Thanks mate
, Pipsalon is going to master trading the basic setup first and then move to the more advanced setups. He puts in the time and effort, he can do it.Another simple system - Time-Frame 15
- Pipsninja replied Jan 26, 2016
I also recommend that you take the 50EMA off your charts. 800 (yellow),200 (magenta) and 10EMA (blue) is enough. Look at my GU chart for today. 800EMA on top then 200EMA in the middle and then 10 EMA below both in this exact order (like in the light ...
Another simple system - Time-Frame 15
- Pipsninja replied Jan 26, 2016
Good, the last one is the correct basic entry with confirmed TDI bounce
. Don't trade breakouts but wait for a retest and then a bounce then enter, these are the most safest entries. Do you sometimes miss some trades since a retest may not ...Another simple system - Time-Frame 15
- Pipsninja replied Jan 26, 2016
No, please show me the correct basic entry with TDI confirmation on this chart that you posted earlier.
Another simple system - Time-Frame 15
- Pipsninja replied Jan 26, 2016
Basic setup requires you to look at TDI. Where you put your vertical red line for your trade entry has major traffic ahead, you are trading into RN and that is a NO NO. Try another place for a sell trade? Hint:
Another simple system - Time-Frame 15
- Pipsninja replied Jan 26, 2016
No, do you even look at TDI? Which place is a safer place to go short along with TDI confirmation?
Another simple system - Time-Frame 15
- Pipsninja replied Jan 26, 2016
There you go
, the 800EMA on top of the 200EMA and the 10EMA below both of them so here we only look for a short trade. I don't use the 50EMA on my M15 charts but if you do then it needs to be between 200EMA and 10EMA. In your posted chart ...Another simple system - Time-Frame 15
- Pipsninja replied Jan 26, 2016
No, it was a valid advanced setup as well. What is the basic M15 setup?
Another simple system - Time-Frame 15
- Pipsninja replied Jan 26, 2016
Perfect answers to questions 1, 2 and 4
. Just keep in mind that in CT trades LE1 moved SL to BE quickly. Answer to question number 3 is that LE1 used to take the Touch in anticipation of a Bounce. Now go write in your trading journal in ...Another simple system - Time-Frame 15
- Pipsninja replied Jan 26, 2016
Thanks for posting your trades Pipsalon and explaining your reasons for taking them
. There are a few things missing from your analysis. 1.) Why type of trade setup is this? Basic or Advanced? 2.) How was price approaching the 200 EMA? 3.) ...Another simple system - Time-Frame 15
- Pipsninja replied Jan 25, 2016
Actually the first candle breaking and closing below 200 EMA was a sign that the sellers were in control at that time and what took place after that is what some call MMs stop hunting and others call the fight between buyers and sellers. Always ask ...
Another simple system - Time-Frame 15
- Pipsninja replied Jan 25, 2016
Your trade direction on GU was right, you just got caught in MMs stop hunting. Advanced setup: Once the stop hunt was over, I joined in.
Another simple system - Time-Frame 15
- Pipsninja replied Jan 25, 2016
Yes, that is what I meant but there are also times that price may keep on going and not bounce due to Momentum/News. There is no guarantee that price will always Bounce or Break those EMAs only the possibility but the possibility of a Bounce is ...
Another simple system - Time-Frame 15
- Pipsninja replied Jan 25, 2016
The basis setup is, price above 800, 200, 10 EMA you go long and vice versa for a short, master this set up first
. Please don't just read but study LE1 charts and posts. When I look at one of LE1's charts/posts, I try to understand it and ...Another simple system - Time-Frame 15
- Pipsninja replied Jan 25, 2016
When price is between 200 and 800 EMA like this, it is better to trade another pair (LE1 has mentioned it many times)! When price visits 200 EMA for the first time there is a higher probability for it to bounce or hang around then to smash through ...
Another simple system - Time-Frame 15
- Pipsninja replied Jan 25, 2016
You are welcome
. It is important to write down in a trading journal not only the technical reasons but also all the emotional things that a trader goes through before trade entry all the way up to closing a trade. You need to treat this ...Another simple system - Time-Frame 15