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Attachments: 515 Eurofighter System
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515 Eurofighter System

  • #421
  • Aug 17, 2009 8:51pm Aug 17, 2009 8:51pm
Hello all...

Bearish sentiment is now begin to roar. So, here we go:-

D1
The downtreding Channel is now on its course but I still keep the uptrending Channel for reference. Price has closed below 50SMA yesterday but we still have strong support from long term Sup TL from below (see arrow) and 89SMA.

H4
Price has make the pull back to 8EMA once the stochastic making it SWING LOW in the last previous 3 bars. This is very easy. Just wait for PA and stochastic behaviour for the next TC downside pattern. It should be somewhere around 8EMA or 200SMA or 21EMA.

H1
It seems that we are resisted around 21EMA and PW 1.4110 for now. The next move should be bias to the downside now.

Alright, we are heading south for now. Hope this helps.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
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  • #422
  • Aug 17, 2009 10:32pm Aug 17, 2009 10:32pm
Watch out for this area (see rectangular in both TFs) for TC downside move. Hope this helps.

Comments/questions are most welcome.
Attached Image(s) (click to enlarge)
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  • #423
  • Aug 17, 2009 11:47pm Aug 17, 2009 11:47pm
Quoting orangeRANGE
Watch out for this area (see rectangular in both TFs) for TC downside move. Hope this helps.

Comments/questions are most welcome.
Evening Star pattern against 8EMA @ the previous candle for some TC downside move now.
Attached Image (click to enlarge)
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  • #424
  • Aug 18, 2009 12:33am Aug 18, 2009 12:33am
Quoting orangeRANGE
Evening Star pattern against 8EMA @ the previous candle for some TC downside move now.
Price might pull back to 21EMA for the normal market rhythm and stochastic is still heading up, meanwhile to momentum will push up the price very hard anytime from now. So becareful now.

We still need to wait and see what the euro session can do for this pair later on during its opening. I am still looking for the rectangular area for the ideal SHORT positon. Hope this helps.

Comments/questions are most welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: f.gif Size: 56 KB
  • #425
  • Aug 18, 2009 12:51am Aug 18, 2009 12:51am
Here it is...
Attached File(s)
File Type: tpl 515eurofightersystem.tpl   28 KB | 201 downloads
  • #426
  • Aug 18, 2009 4:52am Aug 18, 2009 4:52am
Quoting orangeRANGE
Price might pull back to 21EMA for the normal market rhythm and stochastic is still heading up, meanwhile to momentum will push up the price very hard anytime from now. So becareful now.

We still need to wait and see what the euro session can do for this pair later on during its opening. I am still looking for the rectangular area for the ideal SHORT positon. Hope this helps.
Hi all...

This is the latest update:-

H4
Price does pull back to 21EMA and it is now in the rectangular area as I anticipated earlier. Currently resisted by 200SMA and I am favouring to SHORT this pair once the recent candle is closed.

H1
We have 50SMA (the most important MA to this system) as the current resistance for the price at the moment.

Alright, if I still have to go online, I will use the 515 Strategy to make my SHORT entry later on. Hope this helps.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu2.gif Size: 46 KB
  • #427
  • Aug 18, 2009 10:56pm Aug 18, 2009 10:56pm
Hello all...this is for today's first view:-

D1
Not much change in this TF. We are yet to see the price go below 50SMA if the downtrending continues.

H4
Watch for the PW 1.4190 and 50SMA for another potential SHORT positioning area as the stochastic is now in SWING HIGH position. The rectangular area still available for SHORT since yesterday's analysis.

H1
Making a temporary Sup TL here (see arrow) for another potential support area.

I am still bias for SHORT for now. Hope this helps.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: e.gif Size: 49 KB
Click to Enlarge Name: f.gif Size: 55 KB
Click to Enlarge Name: g.gif Size: 47 KB
  • #428
  • Aug 19, 2009 9:11am Aug 19, 2009 9:11am
orangeRANGE,

please have a look to tha attached chart, red vertical line. Stochastic are at swing high in both M5 and M15, momentum is high. At that time, H1 Stocastic was at swing high and Stochastic H4 was pointing down. It seemed a perfect 10 pip setup, instead it went to lose 20 pips. No news at that qime. How could this been explained? Why should we avoid that trade?


Thank you.
Attached Image (click to enlarge)
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  • #429
  • Aug 19, 2009 8:30pm Aug 19, 2009 8:30pm
Quoting Fedro
orangeRANGE,

please have a look to tha attached chart, red vertical line. Stochastic are at swing high in both M5 and M15, momentum is high. At that time, H1 Stocastic was at swing high and Stochastic H4 was pointing down. It seemed a perfect 10 pip setup, instead it went to lose 20 pips. No news at that qime. How could this been explained? Why should we avoid that trade?


Thank you.
Fredo...

Do you the temporary Sup TL (see arrow) @ H1 as I mentioned in my previous post before this? Never take it for granted when it comes to TL. See what hapen to the PA when the price reach this line.

Plus, even the H4 stochastic was looking for downside direction yesterday, you need to remind yourslef that the momentum is already off the ground and might push the price higher anytime. Just see the momentum vs stochastic behaviour in your H4. You need to master this H4 rhythm before you can make nice entry using 515 Strategy.

Hope this helps.
Attached Image(s) (click to enlarge)
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  • #430
  • Aug 19, 2009 9:25pm Aug 19, 2009 9:25pm
Hello..

Here is the first view for today's market:-

D1
Bull flag pattern in this TF as the 50SMA is still seems a strong support region. Bullish sentiment gain its control at the moment.

H4
A little adjustment for the downtredning channel here. Price resisted @ PW 1.4270 as the stochastic is making SWING HIGH position right now. Becarefull with loads of support from MAs below. Immediate support now @ PW 1.4190.

H1
PA @ ellipse area showing that the temporary Sup TL (see arrow) has to be considered as a strong support from this TF for now. Momentum @ its highest level now so becarefull for any downturn int he price later on.

I'm favouring to the downside today. Attached herewith also is my latest template. Hope this helps.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: e.gif Size: 49 KB
Click to Enlarge Name: f.gif Size: 54 KB
Click to Enlarge Name: g.gif Size: 48 KB
Attached File(s)
File Type: tpl 515eurofightersystem.tpl   28 KB | 209 downloads
  • #431
  • Aug 20, 2009 3:27am Aug 20, 2009 3:27am
Quoting orangeRANGE
Fredo...

Do you the temporary Sup TL (see arrow) @ H1 as I mentioned in my previous post before this? Never take it for granted when it comes to TL. See what hapen to the PA when the price reach this line.

Plus, even the H4 stochastic was looking for downside direction yesterday, you need to remind yourslef that the momentum is already off the ground and might push the price higher anytime. Just see the momentum vs stochastic behaviour in your H4. You need to master this...
Please, note that my H4 momentum (orange ellipse) looks very different than yours, maybe for different timebase of brokers. Moreover, just a few before the losing trade (red ellipse), there was a winning one (blue ellipse), and there were no apparent difference in the setup. So, how do we do to filter the second as loser?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: p1.jpg Size: 85 KB
Click to Enlarge Name: p2.jpg Size: 181 KB
  • #432
  • Aug 20, 2009 10:55pm Aug 20, 2009 10:55pm
Quoting Fedro
Please, note that my H4 momentum (orange ellipse) looks very different than yours, maybe for different timebase of brokers. Moreover, just a few before the losing trade (red ellipse), there was a winning one (blue ellipse), and there were no apparent difference in the setup. So, how do we do to filter the second as loser?
1) My platform (ibfx) has GMT offset @ Zero. It should be a little different. What is your broker?

2) To filter this lose, you need to correlate this TF with higher TFs (H1 and H4). Plus, this is a very fast uptrending market, so doing the CT trade is very2 risky. When the price has been riding above 10EMA @ 5m consistently, you better not to use stochastic + momentum SWING HIGH to short the pair. It is much better to do the TC trend for this kind of market condition. Hope this helps.

Please go through all the lessons and examples in this thread. If you have anymore problem, let me know.
  • #433
  • Aug 20, 2009 11:06pm Aug 20, 2009 11:06pm
Hello all...

Here is my first view for today:-

D1
Doji candle yesterday. We should see some bearish sentiment today. I still want to keep the downtrending channel as it is before just in case the price going back into it.

H4
Nice support/resistance @ 8EMA and PW 1.4270 respectively. I think we might see the price revisit the PW 1.4190ish area (around 50SMA) today.

H1
I still see the 50SMA area as a very good support for the price in the coming few hours.

Well, it's Friday and I choose to stay on the sideline now. Will let the market play it out until the Euro/US session opening later on. Hope this helps.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: e.gif Size: 50 KB
Click to Enlarge Name: f.gif Size: 54 KB
Click to Enlarge Name: g.gif Size: 47 KB
  • #434
  • Aug 21, 2009 1:04am Aug 21, 2009 1:04am
This one is the latest great signal from 15m TF. See ellipse. Stochastic+momentum are @ their lowest and PA rebounce @ 50SMA of H1.

Since this is a CT, it is a little risky but 20p SL/TP strategy should be fine here.

Hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: g.gif Size: 49 KB
  • #435
  • Aug 21, 2009 1:08am Aug 21, 2009 1:08am
Nice SHORT signal here (see rectangular). Resistance @ 50SMA (nearby 21EMA of 15m).
Attached Image (click to enlarge)
Click to Enlarge Name: g.gif Size: 41 KB
  • #436
  • Aug 21, 2009 1:50am Aug 21, 2009 1:50am
Quoting orangeRANGE
1) My platform (ibfx) has GMT offset @ Zero. It should be a little different. What is your broker?

2) To filter this lose, you need to correlate this TF with higher TFs (H1 and H4). Plus, this is a very fast uptrending market, so doing the CT trade is very2 risky. When the price has been riding above 10EMA @ 5m consistently, you better not to use stochastic + momentum SWING HIGH to short the pair. It is much better to do the TC trend for this kind of market condition. Hope this helps.

Please go through...
My broker is InvesttechFX, it has CET (GMT+1).
Thank you for help. 515 EuroFigther is a very good system, but the thing I find very difficult is filtering good entries from bad ones. When strong trends start, Stochastic signals are false, and this can happen ad any time. Moreover, momentum is important sometimes, but not always, and many good trade happen when momentum is not good.
  • #437
  • Aug 21, 2009 2:39am Aug 21, 2009 2:39am
Quoting Fedro
My broker is InvesttechFX, it has CET (GMT+1).
Thank you for help. 515 EuroFigther is a very good system, but the thing I find very difficult is filtering good entries from bad ones. When strong trends start, Stochastic signals are false, and this can happen ad any time. Moreover, momentum is important sometimes, but not always, and many good trade happen when momentum is not good.
You need to do a lot of demo and study the stochastic/momentum vs PA before you know how to identify a true/false signal. Pay more attention to PA than indys.

Afterall, the major direction is still in indecisive period so I don't think that any of the system out there can produce a very good trading result right now. The market turns up/down suprisingly at anytime. So, don't blame the system because it is design for normal market condition.

All the best to you.
  • #438
  • Aug 21, 2009 11:42am Aug 21, 2009 11:42am
This is one of the latest best signal during an uptrending market as per PA from higher TFs (H1 and H4).

The vertical line is the signal candle. Here we go:-

15m
See PA @ ellipse area. Stochastic+momentum @ SWING LOW level as the price get support somewhere around 50SMA (also around 21EMA of H1).

5m
Stochastic+momentum also already @ SWING LOW level. Entry to be done @ the next candle.

Nice 20p profit from this move. Hope this helps.

Comments/questions are most welcome.

(Note: Attached herewith also is my latest template)

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: e.gif Size: 41 KB
Click to Enlarge Name: f.gif Size: 38 KB
Attached File(s)
File Type: tpl 515eurofightersystem.tpl   28 KB | 203 downloads
  • #439
  • Aug 21, 2009 6:11pm Aug 21, 2009 6:11pm
hi, can someone pls send me the link to the indicators used in this thread
  • #440
  • Aug 22, 2009 3:58pm Aug 22, 2009 3:58pm
Quoting Hoifai
hi, can someone pls send me the link to the indicators used in this thread
In the beginning of the thread, buddy.
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