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M15 Trading Method (help required!)

  • #61
  • Jul 6, 2011 3:45pm Jul 6, 2011 3:45pm
Quoting Forexable
It might revisit the 9670-75 area again but I think we're about done for now.

Ohhh you had a limit at 96 which being at home I can see you just missed.

I got out at 56, +17 +27 +38 +62 pips thought it was more, +$5 on the day with USDSEK's stop out, more confidence bigger SL there and I'd of made loads of USDSEK dunno how much cause of the weird numbers involved, thats why I'm dropping it!!

Wait for another setup and spin the same wheel again and repeat until rich or dead is my plan, getting creative costs me.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62
  • Jul 6, 2011 3:52pm Jul 6, 2011 3:52pm
Nothing tradeable currently, will check again later though!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63
  • Jul 7, 2011 6:21am Jul 7, 2011 6:21am
Not many matching my entry criteria, loads have hit it and worked out nicely a few obviously haven't / won't.

GU's downtrending nicely but 40pips away to risky.

USDCHF turned up after a few nice rejections, chasey but momentum is up hmmm.

USDCAD just turned down, just just will watch.



Over slept
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #64
  • Jul 7, 2011 7:23am Jul 7, 2011 7:23am
USDCHF up 50pips already and USD CAd just dumped 30pips.


Damn my system is good / great / amazing / unbelievable best part is SIMPLE as a simple as simple!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #65
  • Jul 7, 2011 7:49am Jul 7, 2011 7:49am
hello...may i have the template for this method....your system looks good to me....
  • #66
  • Jul 7, 2011 7:55am Jul 7, 2011 7:55am
Quoting steven_leo
hello...may i have the template for this method....your system looks good to me....

Ofcourse, 250ema with a few pip range to allow for inaccuracy is the main thing I'm trading off.

There is also a 96ema faster markets like to reverse off that.

Also ema 36 although the Envelope range around that is the key bit, the market stays generally pretty well between the 2 dotted lines on the template.

So if your above the 250ema go Long, buy more as it gets nearer bail on the 250 failing push the sl out to below the dotted line if you want.

If your above and you get a pull back to the lower dotted line, then real nice setup.

Obviously don't waste your money risking going long at the top or short at the bottom as odds are it'll retrace back to mid point.

Try to let the market run but don't get too greedy medium sized profits and often are better than letting profits slip into losses or BE.
Attached File(s)
File Type: tpl ofcourse.tpl   12 KB | 374 downloads
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #67
  • Jul 7, 2011 8:06am Jul 7, 2011 8:06am
Quoting Turveyd
Ofcourse, 250ema with a few pip range to allow for inaccuracy is the main thing I'm trading off.

There is also a 96ema faster markets like to reverse off that.

Also ema 36 although the Envelope range around that is the key bit, the market stays generally pretty well between the 2 dotted lines on the template.

So if your above the 250ema go Long, buy more as it gets nearer bail on the 250 failing push the sl out to below the dotted line if you want.

If your above and you get a pull back to the lower dotted line, then real nice setup.

Obviously...
Thank you very much sir....will look further on this system....
  • #68
  • Jul 7, 2011 8:16am Jul 7, 2011 8:16am
Quoting Turveyd
Ofcourse, 250ema with a few pip range to allow for inaccuracy is the main thing I'm trading off.

There is also a 96ema faster markets like to reverse off that.

Also ema 36 although the Envelope range around that is the key bit, the market stays generally pretty well between the 2 dotted lines on the template.

So if your above the 250ema go Long, buy more as it gets nearer bail on the 250 failing push the sl out to below the dotted line if you want.

If your above and you get a pull back to the lower dotted line, then real nice setup.

Obviously...
trading this system with support n ressistance sir...??candle setup and candle formation..or just using the 250 EMA as the main setup sir...??
  • #69
  • Jul 7, 2011 10:57am Jul 7, 2011 10:57am
MT5 is very customizable. I wonder if traders will mostly stick to traditional M5, M15, H1 etc. time frames.
  • #70
  • Jul 7, 2011 12:03pm Jul 7, 2011 12:03pm
Quoting steven_leo
trading this system with support n ressistance sir...??candle setup and candle formation..or just using the 250 EMA as the main setup sir...??
Candle sticks dont work.

Longs above and near accumulate more as price gets nearer sl other side only setuo im using so far and up 30% on the week.

Set multi limit orders as price nears or a stop entry to catch trend turns

This is making enough with very little time spent on charts so so far so good
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #71
  • Jul 7, 2011 12:54pm Jul 7, 2011 12:54pm
Use S/R for more sensible stock placement aswell.


EJ's turned up, could be a buy nearer the 250 soon.

EU's holding on the downtrend short op here.

USDCHF spiked right back to the 250ema and bounced perfectly.

USDTRY's turned down, need a bounce to enter shorts on.



* yes I make notes here cause forgetful
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72
  • Jul 7, 2011 1:14pm Jul 7, 2011 1:14pm
Ohhhh avoid trading at times where although the trend is up, a trend change ie news / market open is likely, opening trades at 11pm and letting it drift over night has been working well.

Holding into US open or over major news which will reverse the direction is a gamble, but it's a 50/50 gamble and you can manage the draw down and let the upside run and run maybe so it's not so bad.


TP or tighten your SL's basically before news depending on whats on the table.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #73
  • Jul 7, 2011 4:06pm Jul 7, 2011 4:06pm
EJ, Long here, trend turned up, risky but SL 116.20 is cheap ish!!

EU short here, real tight SL, so I'm going for that SL over 1.4400, 1 limit at 80.

USDCHF needs more of a pull back

USDSEK is a good short here, but holding on it.

USDTRY huge selling, need a place to enter though, sL to big.


Just EU so far then!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74
  • Jul 7, 2011 5:49pm Jul 7, 2011 5:49pm
Looks like just EU for tonight, NFP tomorrow must be out by then!!

GU's interesting, put in 3 bottoms around 1.5950 area, might be worth having an order to go long on 1.6000 breaking and short on 1.5950 breaking, no idea on direction here though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #75
  • Jul 7, 2011 6:58pm Jul 7, 2011 6:58pm
Order on GU Long on taking at 1.6000, that'll be uptrend then and always gets a good move after taking out that 1.6000 area, currently down trend but got buyer support so not risking short.

Lets see what EU brings over night, tightened the SL and removed the extra Limit order.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #76
  • Jul 7, 2011 7:55pm Jul 7, 2011 7:55pm
Hi Turveyd just found you down here hope all is going well with your m15 trading.I had mentioned on another thread that I have become all tentative all of a sudden (dont know if it's market or me but I suspect it is me) and it is really pissing me off.So I need to address this problem before it starts to eat my dumb head off.

As a consequence of this have not been doing a whole lot of trading but still happy with my m5 set ups.Been pretty quiet Asian session so far today thought might have been a bit more reaction to Trichet's statement but the Hong Kong/Shanghai/Sing open in a few minutes may give some more direction.

Good trading to you
  • #77
  • Jul 8, 2011 3:31am Jul 8, 2011 3:31am
Quoting siboy
Hi Turveyd just found you down here hope all is going well with your m15 trading.I had mentioned on another thread that I have become all tentative all of a sudden (dont know if it's market or me but I suspect it is me) and it is really pissing me off.So I need to address this problem before it starts to eat my dumb head off.

As a consequence of this have not been doing a whole lot of trading but still happy with my m5 set ups.Been pretty quiet Asian session so far today thought might have been a bit more reaction to Trichet's statement but the...

Hello dude,

Come work with me on the M15 mate, 250ema ( 750ema on M5 ) is absolutely amazing, just took 46pips on EU I held over night check the chart multiple reverses of this line all night long.

Account is up 37% this week with only 1 loser, USDSEK which was just to tight a SL I'd be up 100% if not for that.

Just track enough pairs that there is always some kinda trade to take pretty much with 80%+ win chance, above was 2x's my risk can't beat them numbers




Easier than eating pancakes mate!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #78
  • Jul 8, 2011 3:39am Jul 8, 2011 3:39am
Still going to hold my GU Long 1.6010 Stop entry over NFP will see if GU turns up.

USDTRY's got a chance short, not an ideal setup though.



Nothing else I particularity like at the moment though and NFP looming!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #79
  • Jul 8, 2011 4:38am Jul 8, 2011 4:38am
wishing I'd of stayed asleep be at 2x's profit or something here
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #80
  • Jul 8, 2011 5:03am Jul 8, 2011 5:03am
Got to crack this exiting to soon took 46 could of takes +120!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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