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Another simple system - Time-Frame 15

  • #29,061
  • Jun 22, 2017 1:34pm Jun 22, 2017 1:34pm
Quoting pips29
{quote} very nice entry on ecad but the exit could have been better if you target the area of consolidation on the 1 hour tf imo...when price reaches an area of consolidation you might see a bounce...the lower wicks are showing this atm {image}
Yes, thx

You right, i need to improve on those things... still cut my trades a bit early.. dont let them run enough.
  • #29,062
  • Jun 22, 2017 1:36pm Jun 22, 2017 1:36pm
-ve balance with this trade..I do lose, Helee
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY m15 (06-22-2017 1934).png Size: 62 KB
the cautious seldom err....C
  • #29,063
  • Jun 22, 2017 1:41pm Jun 22, 2017 1:41pm
I am waiting for us crude oil to either break upwards/downwards before putting on a trade...until then no trade
Attached Image (click to enlarge)
Click to Enlarge Name: USOil D1 (06-22-2017 1939).png Size: 55 KB
the cautious seldom err....C
  • #29,064
  • Jun 23, 2017 2:19am Jun 23, 2017 2:19am
GU right now these is perfect setup acording to rules i gues #pips29 isn't it
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 31 KB
  • #29,065
  • Jun 23, 2017 3:59am Jun 23, 2017 3:59am
Quoting mizi123
GU right now these is perfect setup acording to rules i gues #pips29 isn't it {image}
nope, mizi...it is an entry which is too far from the 10 ema and there is strong s/r just higher up as can be seen on H1...if cable is in a strong upwards trend, I might chase the trade but the daily trend is not so I won't..I had a short yesterday and was stopped out
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 64 KB
Click to Enlarge Name: GBPUSDM15.png Size: 59 KB
the cautious seldom err....C
  • #29,066
  • Jun 23, 2017 4:02am Jun 23, 2017 4:02am
went short...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 90 KB
  • #29,067
  • Jun 23, 2017 4:11am Jun 23, 2017 4:11am
Quoting Reilluyankas
went short... {image}
I have not done anything yet but could be a nice trade..The high of the MC on H4 was rejected with an upper wick formed but sterling is strong today, I will leave it a little bit longer to decide..GL
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 60 KB
the cautious seldom err....C
  • #29,068
  • Jun 23, 2017 4:26am Jun 23, 2017 4:26am
Quoting pips29
{quote} I have not done anything yet but could be a nice trade..The high of the MC on H4 was rejected with an upper wick formed but sterling is strong today, I will leave it a little bit longer to decide..GL {image}
Hi Pips29,

But that on GJ.. not on GU

On GU H4 was 800ema right t the top of the MC.

So, u do analyses fro D1 to M15 for ur trades?

EP
  • #29,069
  • Jun 23, 2017 4:28am Jun 23, 2017 4:28am
Quoting mizi123
GU right now these is perfect setup acording to rules i gues #pips29 isn't it {image}
Hi Mizi,

My 2 cents is that u went a bit late.. the cross happened a bit before LO... but they say to wait for LO as FO can be too fake sometimes... but today wasn't the case.

Take care

Thx
  • #29,070
  • Jun 23, 2017 4:34am Jun 23, 2017 4:34am
Quoting Helee
{quote} Hi Pips29, But that on GJ.. not on GU On GU H4 was 800ema right t the top of the MC. So, u do analyses fro D1 to M15 for ur trades? EP
yes that's the geppy of which he took the short
the cautious seldom err....C
  • #29,071
  • Jun 23, 2017 4:44am Jun 23, 2017 4:44am
Quoting Helee
{quote} Hi Pips29, But that on GJ.. not on GU On GU H4 was 800ema right t the top of the MC. So, u do analyses fro D1 to M15 for ur trades? EP
yes helee, I do take a look at the daily/H4 to see where price is...on the daily you will see a downtrend with LH/LL and price was below the 10 ema..I believe Mizi was trading towards the 10 ema on the daily which is often not so good imo..I have plotted TL on the daily to find targets if in shorts,,,just my 2 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 60 KB
the cautious seldom err....C
  • #29,072
  • Jun 23, 2017 4:45am Jun 23, 2017 4:45am
Quoting pips29
{quote} yes that's the geppy of which he took the short
with slight profit of 0.8Pips, got out from my trade
USDJPY is starting to rise, and GBPUSD having difficulty in crossing the 800 EMA
multiplying USDJPY and GBPUSD, it seemed to me that GBPJPY was stuck at the141.50 line.

after all, it may be that GBP is strong today
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-06-23 18.39.35.png Size: 87 KB
  • #29,073
  • Jun 23, 2017 5:05am Jun 23, 2017 5:05am
Quoting mizi123
GU right now these is perfect setup acording to rules i gues #pips29 isn't it {image}
as pips29 has already said, there was a pretty strong s/r line above.
also, the bar you entered was a bit slow, I think. ( I guess you entered at the close of the bar which I put the red vertical line )

2 bars before would have been unclear to enter, since we can't know whether the price will cross the 800EMA or bounce from the 800EMA.
the price closed too close to the 800EMA without crossing.

1bar before could be a good bar to enter, because it crossed the 800EMA, momentum is kept, and it has room to the s/r line above.
( I didn't take the trade because it was so far from the 200EMA though )

the bar you took is already late and doesn't have enough room to the s/r line.
this is my opinion.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15-1.png Size: 139 KB
Click to Enlarge Name: GBPUSDM15-2.png Size: 85 KB
  • #29,074
  • Jun 23, 2017 5:09am Jun 23, 2017 5:09am
gone long...H4/15 min charts below....dark blue lines are levels on H4/day...15 pips stop
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBP m15 (06-23-2017 1107).png Size: 43 KB
Click to Enlarge Name: EURGBP H4 (06-23-2017 1106).png Size: 47 KB
the cautious seldom err....C
  • #29,075
  • Jun 23, 2017 5:12am Jun 23, 2017 5:12am
short a/u ...remainder of previous short was stopped out for+25
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD m15 (06-23-2017 1111).png Size: 62 KB
the cautious seldom err....C
  • #29,076
  • Jun 23, 2017 5:17am Jun 23, 2017 5:17am
Quoting Reilluyankas
{quote} with slight profit of 0.8Pips, got out from my trade USDJPY is starting to rise, and GBPUSD having difficulty in crossing the 800 EMA multiplying USDJPY and GBPUSD, it seemed to me that GBPJPY was stuck at the141.50 line. after all, it may be that GBP is strong today {image}
yeah you are right...it's difficult trading sterling atm and I was caught with 2 losses, cable and geppy
the cautious seldom err....C
  • #29,077
  • Jun 23, 2017 5:24am Jun 23, 2017 5:24am
long e/u with 20 pips stop
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 50 KB
the cautious seldom err....C
  • #29,078
  • Jun 23, 2017 6:24am Jun 23, 2017 6:24am
might be difficult to trade today...
waiting for Canada's CPI release
  • #29,079
  • Jun 23, 2017 7:37am Jun 23, 2017 7:37am
Quoting Reilluyankas
might be difficult to trade today... waiting for Canada's CPI release
scalped 4.2 pips from the spike.
no charts because it has nothing to do with this method.
  • #29,080
  • Jun 23, 2017 9:09am Jun 23, 2017 9:09am
Quoting pips29
long e/u with 20 pips stop {image}
it hasn't been an easy day to trade for me and so I take what I can
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 48 KB
the cautious seldom err....C
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