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Another simple system - Time-Frame 15

  • #621
  • Apr 4, 2012 2:59am Apr 4, 2012 2:59am
Never go against your sifu....

UJ is crossing down soon..
Attached Image
Lets make some green pips
  • #622
  • Apr 4, 2012 3:02am Apr 4, 2012 3:02am
Quoting Cun
What LoveEvery1 means is that to be on the safe side the red-green cross should occur above the yellow line for a long trade. In your chart the red-green cross occured below the yellow line.

See his post #22 for a clear example.
Hi Cun,

Ok, I see what he means now. I was a little confused, as I'd seen other people in the thread taking trades when the green lines crosed over the yellow, even though it had already corssed the red. Is that a more advanced method that is best for newcomers to avoid?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #623
  • Apr 4, 2012 3:10am Apr 4, 2012 3:10am
In my experience there had been very good trades when red, green and yellow are crossing at the same point or nearly at the same point. Very important seems to be the direction of the yellow line: it should point in the direction of your trade.
  • #624
  • Apr 4, 2012 3:17am Apr 4, 2012 3:17am
Would this now be a valid entry, as the green/red cross has happened above the yellow line and the HA candle closed above the 10 EMA?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 28 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #625
  • Apr 4, 2012 3:19am Apr 4, 2012 3:19am
Quoting creatifx
In my experience there had been very good trades when red, green and yellow are crossing at the same point or nearly at the same point. Very important seems to be the direction of the yellow line: it should point in the direction of your trade.

i agree...its more conservative to trade according to the rules.but the setup is rare..or got to wait for it to happen..
Let all the living things live blissfully
  • #626
  • Apr 4, 2012 3:19am Apr 4, 2012 3:19am
Maybe now is the correct moment to go long?
Attached Image
Lets make some green pips
  • #627
  • Apr 4, 2012 3:25am Apr 4, 2012 3:25am
looks like a bounce trade, but candles are getting small, be careful. no momentum..
  • #628
  • Apr 4, 2012 3:30am Apr 4, 2012 3:30am
Quoting By_Tor2114
Hi Cun,

Ok, I see what he means now. I was a little confused, as I'd seen other people in the thread taking trades when the green lines crosed over the yellow, even though it had already corssed the red. Is that a more advanced method that is best for newcomers to avoid?
You haven't read the whole thread, have you?

See LoveEvery1 post #401 for the explanation.
  • #629
  • Apr 4, 2012 3:34am Apr 4, 2012 3:34am
Quoting 4rx
Maybe now is the correct moment to go long?
zero momemtum mate..thats the only thing thats stopping me.
Let all the living things live blissfully
  • #630
  • Apr 4, 2012 3:41am Apr 4, 2012 3:41am
Quoting Cun
You haven't read the whole thread, have you?

See LoveEvery1 post #401 for the explanation.
Indeed I haven't. I had read the rules on page 1 that stated "For this setup the TDI GREEN should cross the Yellow line." After that, there were some people taking trades when it was crossing after the yellow and there were some taking crosses before the yellow, hence my question, as I'd like the most current answer.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #631
  • Apr 4, 2012 3:45am Apr 4, 2012 3:45am
Quoting By_Tor2114
Would this now be a valid entry, as the green/red cross has happened above the yellow line and the HA candle closed above the 10 EMA?
Yes my friend
  • #632
  • Apr 4, 2012 3:54am Apr 4, 2012 3:54am
Quoting loveevery1
zero momemtum mate..thats the only thing thats stopping me.
I was just showing... I didn't take the trade because all other Yen pairs are on downtrend.

I'm shorting EJ,GJ,AJ and CJ
Lets make some green pips
  • #633
  • Apr 4, 2012 4:36am Apr 4, 2012 4:36am
No trades for me today...since i dont trade other pairs.i hate the way the 3 amigos move...will catch you guys for US
Let all the living things live blissfully
  • #634
  • Apr 4, 2012 6:43am Apr 4, 2012 6:43am
I just banked some +15 pips with this one. I know... everything flat and i shouldnt but... couldnt resist
Attached Image (click to enlarge)
Click to Enlarge Name: t1.gif Size: 34 KB


Just closed it because of the EURO news coming up 15 mins before US open


Reasons why i SHOULD NOT taken this trade (even though i banked some pips):
- yellow line slope (upwards)
- flat market (green and red line flat)
- very close to the bottom of the ADR

Loveeveryone please give me your opinion? Thank you!
Twitter @raitchev
  • #635
  • Apr 4, 2012 7:11am Apr 4, 2012 7:11am
Quoting raitchev
I just banked some +15 pips with this one. I know... everything flat and i shouldnt but... couldnt resist
Attachment

Just closed it because of the EURO news coming up 15 mins before US open


Reasons why i SHOULD NOT taken this trade (even though i banked some pips):
- yellow line slope (upwards)
- flat market (green and red line flat)
- very close to the bottom of the ADR

Loveeveryone please give me your opinion? Thank you!
Just another thought from a newcomer: Isn't it a tad close to a round number (3150)?

P.S What indicator do you use for your ADR?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #636
  • Apr 4, 2012 7:25am Apr 4, 2012 7:25am
Oh yea this one too... although it seems this trade was good for another 5-10 pips but hey... lets better stay on the safe side.

Heres the indicator that i use for ADR levels - http://codebase.mql4.com/8133
Twitter @raitchev
  • #637
  • Apr 4, 2012 7:31am Apr 4, 2012 7:31am
Thre is very strong support now...
Let all the living things live blissfully
  • #638
  • Apr 4, 2012 7:37am Apr 4, 2012 7:37am
Quoting raitchev
I just banked some +15 pips with this one. I know... everything flat and i shouldnt but... couldnt resist
Attachment

Just closed it because of the EURO news coming up 15 mins before US open


Reasons why i SHOULD NOT taken this trade (even though i banked some pips):
- yellow line slope (upwards)
- flat market (green and red line flat)
- very close to the bottom of the ADR

Loveeveryone please give me your opinion? Thank you!
mate::my views..there is a very strong support now
ADR Is almost reached.good that you banked 15 pips.keep pipping like this..and im happy that you have started analysing other things.
Let all the living things live blissfully
  • #639
  • Apr 4, 2012 7:54am Apr 4, 2012 7:54am
@raitchev
I think you have been lucky - because of the ECB News. Thats why the Euro dropped a little bit deepe again ...
  • #640
  • Apr 4, 2012 7:58am Apr 4, 2012 7:58am
well i exited exactly because of the ecb news... didnt know what to expect.
However i think it is a time for a little correction of that major selloff, and since we are below the 200ma and we are taking only shorts, ill just turn off the PC and go out.

See you tomorrow guys
Twitter @raitchev
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