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Another simple system - Time-Frame 15

  • #1,581
  • May 14, 2012 4:21am May 14, 2012 4:21am
Anybody else short EU ? Thanks
  • #1,582
  • May 14, 2012 4:22am May 14, 2012 4:22am
Quoting Tradertpl
Hi,
Look at the price action of Higher high and higher low. So the trend was expecting to go up. Train our eyes as our master also said. I am trying to attached the chart not sure if I can do it.
File attched
Attached File(s)
File Type: pdf uc.pdf   102 KB | 1,276 downloads
  • #1,583
  • May 14, 2012 4:57am May 14, 2012 4:57am
Quoting Tradertpl
File attched
Thanks men, however your first HL is supposed to be just a bad tick. In such conditions the second Higher Low is the fact not higher, but lower.

That means it could be a downtrend movie.
It could be better if someone else give a speach about that.

Thanks guys!
  • #1,584
  • May 14, 2012 4:57am May 14, 2012 4:57am
Quoting SilverCerber
Hello Everyone!

I have next failure setup, which was made approximately 2 hours ago on USD/CAD (dark circle)... Everything seemed to be good:

- Cross of Green and Red below Yellow
- Yellow was going down
- it was just below 200 EMA
- the market was in a good updown move...

- However the 200 EMA and 800 EMA was quite flat...
- It wasn't London Open...

Although:
- the price action went against me and strengthen USD. Why ?
... Was that because of the fear of EU, Greccen and the run on USD ?
... the data for the CAD was very good...
Just check the previous 14 bars from your trade, PA is too flat, therefore it is better to wait for big boys (so London open). Also there is a strong USD uptrend in most pairs. Yes, Friday's CAD data was strong, but if you look at higher TF like daily, you'll see that price managed to print HH last week above strong 1.0050 SR tough there wasn't a close above it to confirm. You should also be careful when price is between 200 and 800 EMAs. But most important clue was flat PA, IMO.

Regards,
Blackeagle
  • #1,585
  • May 14, 2012 7:13am May 14, 2012 7:13am
how about long on GU?
Let all the living things live blissfully
  • #1,586
  • May 14, 2012 7:48am May 14, 2012 7:48am
Would you go long when EU sold off? Also +40 pips on EU short took 4 hours ago at 4:15 EST not sure entry was right though ????
  • #1,587
  • May 14, 2012 8:08am May 14, 2012 8:08am
Quoting Blackeagle
Just check the previous 14 bars from your trade, PA is too flat, therefore it is better to wait for big boys (so London open). Also there is a strong USD uptrend in most pairs. Yes, Friday's CAD data was strong, but if you look at higher TF like daily, you'll see that price managed to print HH last week above strong 1.0050 SR tough there wasn't a close above it to confirm. You should also be careful when price is between 200 and 800 EMAs. But most important clue was flat PA, IMO.

Regards,
Blackeagle
Great feedback. Thank you very much.
I conclude that the most important thing was that flat Price Action... flat EMA's and price cannot beat RN, what's been said by one of us.

Great, great, great .

[p.s. I look short on USD/CAD at the 1.0045. TP is on 1.0020.]
  • #1,588
  • May 14, 2012 8:49am May 14, 2012 8:49am
Quoting loveevery1
how about long on GU?

Well ,on the daily you sit at resistance from 01/04,so now support and by looking at the daily candle there isn't much selling going on altough dollar seems pretty strong right now

Was this answer correct??
  • #1,589
  • May 14, 2012 9:03am May 14, 2012 9:03am
Quoting Assange
Traders Dynamic Index.mq4
Copyright 2006, Dean Malone






IMPORTANT: The default settings are well tested and proven.


[font=Georgia][size=3][color=purple][u][i][b][size=4]But, you can change the settings to your trading...

Hi Boys & Girls,

When I posted Dean message, hoping someone catch the above (purple phrase) and proposed we combine effort finding setting and optimazation.

I had lengthy discussion with Pat Chiko, as he is full of Generating New Ideas. He asked me to post these EU Charts to get feed back from fellow traders.

He will drop by in this forum (don't know when) To toy and idea of "Think Differently and Spark Creativity"

I leave this Chart as it is, and open for discussion and comments.

Love
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
Click to Enlarge Name: eu 1.gif Size: 20 KB
We are in control of our destiny but have no control over our fate.
  • #1,590
  • May 14, 2012 9:24am May 14, 2012 9:24am
Hello everyone,

I have been following this thread for quite sometime and trying it in a practice account. Today I have noticed that the yellow like in the TDI has been flat for most of the day. Has anyone else seen this or am I having issues?

Thanks

Shawn
  • #1,591
  • May 14, 2012 9:34am May 14, 2012 9:34am
Hey all been awhile since i had the chance to trade. Been following the thread frequently though. Assange i believe that first chart you posted were renko bars. I remember looking at them awhile back. They are good at showing trends and r&s. Maybe i ask what size bars you use?
  • #1,592
  • May 14, 2012 9:38am May 14, 2012 9:38am
Just want to say thanks to Arjun for this system and Assange, Pat Chiko and others. Read through the thread and have been following and trading the system for over a week. the experience has been awesome.

Thanks again everyone, would be contributing soon as i can.
Let your plan trade for you, not your emotion!!!
  • #1,593
  • May 14, 2012 9:56am May 14, 2012 9:56am
Quoting shawn3245
Hello everyone,

I have been following this thread for quite sometime and trying it in a practice account. Today I have noticed that the yellow like in the TDI has been flat for most of the day. Has anyone else seen this or am I having issues?

Thanks

Shawn

Ho Shawn,

The yellow like in the TDI = Market Base Line

And can you please post a Chart, so we can see your "Yellow like line" is correctly set-up or having some other issues. Without seeing a Chart, nobody will ever going to respond to your concern because they don't see what the problem is.



Quote from Dean :

Yellow line = Market Base Line
Trend Direction - Immediate and Overall

Overall = Yellow line trends up and down generally between the lines 32 & 68. Watch for Yellow line to bounces off these lines for market reversal. Trade long when price is above the Yellow line, and trade short when price is below.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
We are in control of our destiny but have no control over our fate.
  • #1,594
  • May 14, 2012 10:09am May 14, 2012 10:09am
Quoting loveevery1
how about long on GU?
Great read again. I hope you did go long. Could you explain what gave you the clues?

Thanks lovee, you rock! as always
  • #1,595
  • May 14, 2012 10:13am May 14, 2012 10:13am
Quoting Forex1man
Would you go long when EU sold off? Also +40 pips on EU short took 4 hours ago at 4:15 EST not sure entry was right though ????
im not trading today....as discussed in the chat...
Let all the living things live blissfully
  • #1,596
  • May 14, 2012 10:17am May 14, 2012 10:17am
Quoting El1n
Great read again. I hope you did go long. Could you explain what gave you the clues?

Thanks lovee, you rock! as always
no mate...i dint go long...i dint want to try that on the demo account as you know im at my sisters house.i hope you guys took it...will discuss that when i get time.its fairly simple mate..
Let all the living things live blissfully
  • #1,597
  • May 14, 2012 10:19am May 14, 2012 10:19am
I tried to attach the chart that Im talking about Im not sure if it worked or not. I dont have a clue how to post the charts in the replies like you have been doing. The yellow line that Im referring to is the yellow line of the TDI.

Thanks

Shawn

Quoting Assange
Ho Shawn,

The yellow like in the TDI = Market Base Line

And can you please post a Chart, so we can see your "Yellow like line" is correctly set-up or having some other issues. Without seeing a Chart, nobody will ever going to respond to your concern because they don't see what the problem is.



Quote from Dean :

Yellow line = Market Base Line
[b][size=3][font=Book Antiqua][u]Trend Direction - Immediate...
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 84 KB
  • #1,598
  • May 14, 2012 10:23am May 14, 2012 10:23am
Quoting Deepfxtrader
Well ,on the daily you sit at resistance from 01/04,so now support and by looking at the daily candle there isn't much selling going on altough dollar seems pretty strong right now

Was this answer correct??

now you know if its correct or not...lol...lol
Let all the living things live blissfully
  • #1,599
  • May 14, 2012 10:29am May 14, 2012 10:29am
Guys please post the charts for the trades you have taken...so everyone could learn.If you are feeling too shy coz you lost...then you will never learn.your mind is tricking you.Dont believe it
Let all the living things live blissfully
  • #1,600
  • May 14, 2012 10:30am May 14, 2012 10:30am
Ok,

Bear with me one second,you called short at 1.6300 touch of 200EMA on weekly chart.resistance

Spot 1.6050 on daily chart touch of 800EMA support also on the hourly chart and cross green red/yellow line TDI,so profit taking should be around 1.6130 of touch 200EMA on hourly chart.

I'm trying to get in your head,lol

Greetings,

Rob
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