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  • #2,981
  • Mar 6, 2008 12:38am Mar 6, 2008 12:38am
hi harold4x,

do you find that with the 15 min. charts you are looking at screen alot more?

it seems just to get you in qiucker instead of waiting for the hr candle 2 close,going with the momentum.

cheers andrew.
Survive & Preserve
  • #2,982
  • Mar 6, 2008 1:58am Mar 6, 2008 1:58am
hi all,

so at the moment the g/j & g/c @ the end of this candle on hr would be good to go,but on the 15 min they are both o/s & at the moment the g/c rsi is turning up.harold4x is this right it would be a no signal??

thanks andrew
Survive & Preserve
  • #2,983
  • Mar 6, 2008 7:28am Mar 6, 2008 7:28am
Here Are 2 More Charts To Continue To Drive Home What I Am Explaining
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.GIF Size: 42 KB
Click to Enlarge Name: 2.GIF Size: 39 KB
  • #2,984
  • Mar 6, 2008 8:30am Mar 6, 2008 8:30am
If Any Of You Want To Understand What I Am Talking About I Am In Trading Room And I Will Post A Chart And Explain In Detail
  • #2,985
  • Mar 6, 2008 7:47pm Mar 6, 2008 7:47pm
possible trade setups for tomorrow: Long: gbp/usd. Short: gbp/jpy - gbp/chf - eur/jpy. This is just what I see on the daily charts. It's just a reference to check against your charts, I'm working on perfecting this method and will make mistakes. good trading.
Hej.
  • #2,986
  • Mar 6, 2008 7:59pm Mar 6, 2008 7:59pm
Just wanted to use this medium to ask if there's anybody in the trade room?

Haroldfx, thanks for your generosity
  • #2,987
  • Mar 6, 2008 8:00pm Mar 6, 2008 8:00pm
Quoting Stitch961
possible trade setups for tomorrow: Long: gbp/usd. Short: gbp/jpy - gbp/chf - eur/jpy. This is just what I see on the daily charts. It's just a reference to check against your charts, I'm working on perfecting this method and will make mistakes. good trading.
hi stitch961,
thanks mate agree with all.

how have you gone with the 15 min. charts do you understand it all,as in the order you check to put trades on,to me it nearly wipes out looking at the hr charts,what r your thoughts.

cheers andrew
Survive & Preserve
  • #2,988
  • Mar 6, 2008 8:08pm Mar 6, 2008 8:08pm
Quote
possible trade setups for tomorrow: Long: gbp/usd. Short: gbp/jpy - gbp/chf - eur/jpy. This is just what I see on the daily charts. It's just a reference to check against your charts, I'm working on perfecting this method and will make mistakes. good trading.

That's exactly what i have on my NF platform but i will advice we trade with caution as almost all these pairs are about to take correction........ they are either OB/OS and if u watch the candle stick as well, u will notice that reversal is gradually forming on each.

Moreover, I can spot divergence on GU daily chart, price is indicating LH but oscilator is indicating LL. so we should be careful.

HOpe Harold will have something to say here.

thanks
  • #2,989
  • Mar 6, 2008 8:13pm Mar 6, 2008 8:13pm
Quote
hi stitch961,
thanks mate agree with all.

how have you gone with the 15 min. charts do you understand it all,as in the order you check to put trades on,to me it nearly wipes out looking at the hr charts,what r your thoughts.

cheers andrew

http://www.forexfactory.com/images/buttons/quote.gif


Anytime i get a signal on 1hr time frame, I zoom down to 15mins to confirm entry or get valid entry.

Entry is confirmed at the lower time frame when the three indicators line up in the same direction.

Hope is clear?
  • #2,990
  • Mar 6, 2008 8:38pm Mar 6, 2008 8:38pm
is it ok to use normal stoch 8-3-3 instead of dinanapli on metatrader 4
My Email For Help: [email protected]
  • #2,991
  • Edited 9:09pm Mar 6, 2008 8:57pm | Edited 9:09pm
hi all i use the 15 min chart now inconjuction with the price action 123 pattern which is basicly taking out swings. if we want to trade with the trend we need to take out swings in that direction lest you find yourself trading against the trend in other time frames here is a chart i know the time of trade is outside our time but this gives a perfect example of price action being confirmed by the indicators or visa versa
Attached Image (click to enlarge)
Click to Enlarge Name: 1.GIF Size: 42 KB
  • #2,992
  • Mar 6, 2008 9:26pm Mar 6, 2008 9:26pm
andrewb7, I pretty much do the same thing. I do take a good look at the 1hr but then switch to the 15 min for the final decision. I lost a lot of money earlier in my trading by using the 15 min charts but it seems to work well with this method so I'll stick with it for now. It will probably be awhile before I'm really comfortable with it. good trading.
Hej.
  • #2,993
  • Mar 6, 2008 9:31pm Mar 6, 2008 9:31pm
Hello harold,

Thanks for your effort in sharing......... I'd like to ask you the following question:

1. do u basically trade only on 15mins now regardless of wot's on 1HR time frame in as much as it goes with the daily trend.

or

u use 15mins to validate the signal on 1hr.


On ur latest method fine tune, I'd advice that we go to the chat room and discuss it full as there are alot of things to be learnt in the latest method modification.

thanks
  • #2,994
  • Mar 6, 2008 9:36pm Mar 6, 2008 9:36pm
am I right the gbp/usd is a good daily up trend today
My Email For Help: [email protected]
  • #2,995
  • Mar 6, 2008 10:14pm Mar 6, 2008 10:14pm
All,

Congrats to everyone on the nice input on this thread. HaroldFX thanks for a simple and an effective system. I have been reading this thread for the past 3-4 days but still lingering around the page 50.. But wanted to stop by and congrats HaroldFX and ask a question since the way this thread is active I will never complete reading all the post :surprised . Coming to my question I have been reading about the email Alerts indicator would the below link be the right place to get it or is there a better version ?
http://www.forexfactory.com/showpost...&postcount=362
Also this indicator has a parameter DailyDirection is that a manual setting?
I belive the basic MT4 email setting is need for this email alert to work correct?
I really love this system and could get a big use of it if I could setup this email alerts working. Any help is appreciated.

Thanks

MJ
  • #2,996
  • Mar 6, 2008 11:02pm Mar 6, 2008 11:02pm
i have revamped my style a little bit combining price action with the indicators first 1 strickly trade off 15 min charts second i look for swings to be taken out in the direction of the trend with the indicators to confirm all this i use the projection tool(though still testing and it looks good) to get targets and the swing low as the stop basiclly looking for a 123 in the direction of the trend i still use the ema cross and rsi cross on daily chart to get direction for next day
  • #2,997
  • Mar 7, 2008 2:20am Mar 7, 2008 2:20am
Quoting harold4x
hi all i use the 15 min chart now inconjuction with the price action 123 pattern which is basicly taking out swings. if we want to trade with the trend we need to take out swings in that direction lest you find yourself trading against the trend in other time frames here is a chart i know the time of trade is outside our time but this gives a perfect example of price action being confirmed by the indicators or visa versa

hi harold4x

thanks for your patience,with this chart on the 15 min stochs had crossed but on my hour chart they werent nearly,does that matter or is the 15 min. just giving us an earlier entry?
do you use the 200ema on all charts?

again harold4x thanks for your consistent input & help

cheers andrew
Survive & Preserve
  • #2,998
  • Mar 7, 2008 2:23am Mar 7, 2008 2:23am
Quoting Stitch961
andrewb7, I pretty much do the same thing. I do take a good look at the 1hr but then switch to the 15 min for the final decision. I lost a lot of money earlier in my trading by using the 15 min charts but it seems to work well with this method so I'll stick with it for now. It will probably be awhile before I'm really comfortable with it. good trading.

thanks stitch961,

happy trading mate,will keep researching.

andrew
Survive & Preserve
  • #2,999
  • Mar 7, 2008 2:29am Mar 7, 2008 2:29am
Halrodfx,
good day to you, you diserve an honorary title which i dont know what to name it! I just want you to clarify on this issues if they are true or false,
1. on the daily chart use only ema cross and rsi,
2 on the 15min chart use the second ema cross, rsi bellow or above 50, and dinap.stoch cross
then when on the daily chart the rsi is in the over bought or oversold region what do you do? e.g EURUSD on daily chart have the rsi in over bought area since late last month as in obviously above 70 and presently its in 83, do we sit back or what should we do?
Thanks,
Osta.
  • #3,000
  • Mar 7, 2008 2:53am Mar 7, 2008 2:53am
Halrodfx,
good day to you, you deserve an honorary title which i don't know what to name it! I just want you to clarify on this issues if they are true or false,
1. on the daily chart use only ema cross and rsi,
2 on the 15min chart use the second ema cross, rsi bellow or above 50, and dinap.stoch cross
then when on the daily chart the rsi is in the over bought or oversold region what do you do? e.g EURUSD on daily chart have the rsi in over bought area since late last month as in obviously above 70 and presently its in 83, do we sit back or what should we do?
Thanks,
Osta.
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