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Another simple system - Time-Frame 15

  • #29,341
  • Jul 2, 2019 9:18am Jul 2, 2019 9:18am
I took the trade cuz the pin bar in H4 and pin bar below 15min 10em
The only hesitation in this trade was the H1 pin bar which bounce off the 10ema thus I place a tight SL
Feel free to leave any comments
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Anger begins with folly, and ends with repentance. Pythagoras
  • #29,342
  • Jul 2, 2019 10:09am Jul 2, 2019 10:09am
EUR USD


Scalping long

Resistance Support Flip (SRF)

SL 11 pips

Safe Trade
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  • #29,343
  • Jul 2, 2019 9:19pm Jul 2, 2019 9:19pm
USD JPY

Classic Set Up

Buying near support or selling near resistance can pay off, but there is no assurance that the support or resistance will hold. Therefore, consider waiting for some confirmation that the market is still respecting that area.

Tokyo Scalping Trade - closed position
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  • #29,344
  • Jul 2, 2019 10:06pm Jul 2, 2019 10:06pm
EUR USD

re-entry

Counter Trend Trade
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  • #29,345
  • Jul 3, 2019 1:42am Jul 3, 2019 1:42am
Quoting Pat Chiko
EUR USD re-entry Counter Trend Trade {image}

EUR USD

Loss Trade - Stop Loss hit. -6.8 pips
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  • #29,346
  • Jul 3, 2019 7:14am Jul 3, 2019 7:14am
USD CAD

Short -

Note high impact news within 30 minutes
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  • #29,347
  • Jul 3, 2019 7:14am Jul 3, 2019 7:14am
USD CHF

Short
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  • #29,348
  • Jul 3, 2019 7:59am Jul 3, 2019 7:59am
Quoting Pat Chiko
USD CHF Short {image}

USD CHF

Stop loss hit.

Finding next set up

Safe Trade
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #29,349
  • Jul 3, 2019 8:09am Jul 3, 2019 8:09am
Quoting Pat Chiko
USD CAD Short - Note high impact news within 30 minutes {image}

USD CAD

Moved SL
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  • #29,350
  • Jul 3, 2019 8:12am Jul 3, 2019 8:12am
Quoting Pat Chiko
{quote} USD CHF Stop loss hit. Finding next set up Safe Trade

USD CHF Re-entry short position
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  • #29,351
  • Jul 3, 2019 9:44am Jul 3, 2019 9:44am
Quoting Pat Chiko
{quote} USD CHF Re-entry short position {image}
The H4 timeframe shows a strong bearish move as there is a pin bar at the top of the channel
Can I ask about how do you be so sure that it will bounce off this level (previous support become resistance) ???
Is there any clues that you can be so confident that it will go south ??? [ by the time I am typing it did go south and hit the support level ]
cuz I saw a 3 bars reversal in H1 timeframe at a support level and didnt see a strong rejection signal in 15mins timeframe as what you can see
since I am a newbie and I really want to know more and more about trading forex
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Anger begins with folly, and ends with repentance. Pythagoras
  • #29,352
  • Jul 3, 2019 9:56am Jul 3, 2019 9:56am
EUR AUD

The power of H4 Support/Resistance


This is the trade set up that only use H4 TF.

Only using visual on Support and resistance, you can enter the trade when price break the support and pull back to 10ema.

This powerful set up.

For this trade I only use 0.55 cents as I want to make is swing trade ( don't want my capital to lock on one single trade)

I'm closing the trade now as price is reaching 800ema and round number.

Have a safe trade.
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Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #29,353
  • Jul 3, 2019 10:11am Jul 3, 2019 10:11am
Quoting Pat Chiko
EUR AUD The power of H4 Support/Resistance This is the trade set up that only use H4 TF. Only using visual on Support and resistance, you can enter the trade when price break the support and pull back to 10ema. This powerful set up. For this trade I only use 0.55 cents as I want to make is swing trade ( don't want my capital to lock on one single trade) I'm closing the trade now as price is reaching 800ema and round number. Have a safe trade. {image}
EUR AUD

TINY STOP WILL PROTECT YOUR ACCOUNT ( place it wisely)

Find target for Profit, don't be greedy.

Stay with trade until you reached the target.
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  • #29,354
  • Jul 3, 2019 10:31am Jul 3, 2019 10:31am
Quoting Ivan0901
{quote} The H4 timeframe shows a strong bearish move as there is a pin bar at the top of the channel Can I ask about how do you be so sure that it will bounce off this level (previous support become resistance) ??? Is there any clues that you can be so confident that it will go south ??? [ by the time I am typing it did go south and hit the support level ] cuz I saw a 3 bars reversal in H1 timeframe at a support level and didnt see a strong rejection signal in 15mins timeframe as what you can see since I am a newbie and I really want to know more...

May notes on the chart helps you to understand price structure/ support resistance.

I still hold the trade ( in negative position -4.5 pips).
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  • #29,355
  • Jul 4, 2019 1:25am Jul 4, 2019 1:25am
STRUCTURE IN MULTIPLE TIME FRAME

In trading we are not trying to catch the bottom of a trend as I have found that to be much less accurate when trying to gauge reversals however I do know people who are very good at this so it really comes down to your style of trading.

But, instead focus to take a chunk out of the trend after it is established and move on..

Whenever you are looking to catch a trend reversal, it is best to work your way from higher timeframes down to lower timeframes as opposed to looking for reversals on lower timeframes and trading higher ones..

There is a great example of GBP CAD actually covered it briefly the idea.

I find it somewhat counter intuitive to look at lower time frames and then trade off of higher ones.

Anything can be done in trading so if that is working for you then do not let any one tell you that your wrong because so long as you are profitable, there is no "right way to trade"..

I do a lot of trading off of the H1 & H4 timeframes.

Typically what I will do is wait for price to get to a support or resistance level on the H4 chart, then I will drop down to the H1 chart in order to get more price action and identify reversals.

After price has reached a major level of structure on the H4 chart and price has reversed on the H1 chart, then I usually drop down to a M15 chart to look for entry reasons if there aren't any on the H1 chart..

I do this because a lot of times trend will reverse on a H4 chart but there is not enough price action to find an entry reason.

By dropping down to a lower time frame (60 min), you may see a 200ema rejection price entering supply zone ( double maru) and whereas in the H4 time frame, price may just be at a level of structure. I hope this is helpful and not too confusing.

I have attached two charts below to show an example of why I like doing analysis on higher timeframes and trading from lower ones.

This is a 4 hour chart and I picked a random example of price action that was at a level of structure with few entry reasons.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #29,356
  • Jul 4, 2019 1:48am Jul 4, 2019 1:48am
Quoting Pat Chiko
STRUCTURE IN MULTIPLE TIME FRAME In trading we are not trying to catch the bottom of a trend as I have found that to be much less accurate when trying to gauge reversals however I do know people who are very good at this so it really comes down to your style of trading. But, instead focus to take a chunk out of the trend after it is established and move on.. Whenever you are looking to catch a trend reversal, it is best to work your way from higher timeframes down to lower timeframes as opposed to looking for reversals on lower timeframes and trading...
Thx for the sharing I also want to ask why my H1 chart 200ema is different with you??? In my H1 chart I did break the 200ema and the pin bar hold above the 200ema though..
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Anger begins with folly, and ends with repentance. Pythagoras
  • #29,357
  • Jul 4, 2019 3:55am Jul 4, 2019 3:55am
USD CHF

Scalping for 22 pips with 9.8 pips SL
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #29,358
  • Jul 4, 2019 4:03am Jul 4, 2019 4:03am
Quoting Pat Chiko
STRUCTURE IN MULTIPLE TIME FRAME In trading we are not trying to catch the bottom of a trend as I have found that to be much less accurate when trying to gauge reversals however I do know people who are very good at this so it really comes down to your style of trading. But, instead focus to take a chunk out of the trend after it is established and move on.. Whenever you are looking to catch a trend reversal, it is best to work your way from higher timeframes down to lower timeframes as opposed to looking for reversals on lower timeframes and trading...
Would you consider this trade? the bearish pin bar in H1 and H4 however its public holiday in US
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Anger begins with folly, and ends with repentance. Pythagoras
  • #29,359
  • Jul 4, 2019 4:31am Jul 4, 2019 4:31am
Quoting Ivan0901
{quote} Would you consider this trade? the bearish pin bar in H1 and H4 however its public holiday in US {image} {image}

EUR USD

You mustn't analyze chart by only looking at one single candle ( in you case PIN BAR).

You must understand structure and what price is doing at this very moment.

Please re-read the article I've posted earlier.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #29,360
  • Jul 4, 2019 4:33am Jul 4, 2019 4:33am
EUR USD


Scalping Long from yesterday with 9-11 pips SL.

Look at the STRUCTURE.
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