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Another simple system - Time-Frame 15

  • #2,941
  • Edited 9:37pm Jun 11, 2012 9:24pm | Edited 9:37pm
For the past three months, I've gone thro the Thread numerous times and striping it down, re-arrange into section and subjects.

Last week I had been trading using 60 minutes chart, because i find it more reliable and consistence.

60 mins Chart only offer one trade per day ( some cases two , max). Setting, rules of entry and approach is different from 15M basic set-up or/and 240mins Set-up.

The reliance knowled & understanding of Candle Patter as well Candle formation is crucial in trading 60 mins Chart, because TDI or any other indicators will be very lag behind the PA.

The component that I use for 60 mins set up are :-
10EMA,200EMA, 800EMA daily, 240 mins support & resistence. Trend lines...

Dynamic Support & Resistence for the 60mins TF is 200EMA equivelent to 50EMA in 60mn TF, 800EMA= 200EMA.

The 200EMA is used as filter to determine trending and ranging market and staying at the right side of market.. It's not so much for direction, because Price Action gives a better signal, than the EMA.Therefore 200EMA in 60m TF cannnot be used as Bull/Bear line, but it will always stick to PA like magnet, pulling PA towards her.

If you notice most of the trade taken using 60mins TF, will be CT. against 800EMA. ( for month of May 2012). From January to April 2012 there is a lot of oppurtunies to do normal trade as 800EMA is near to PA.

I come to question later, 100EMA or 100SMA, need to be incoperated in 60min TF

will continue
............... need to run


Gibrli
  • #2,942
  • Jun 11, 2012 9:27pm Jun 11, 2012 9:27pm
Quoting loveevery1
you rock my friend... Your hard work willl pay you as promised you are doing the right thing in this forum...never get tired like other brothers and keep analysing liek this...you are getting all these things inside your brain whre it all came from...lol....I love you

Master Sifu,

I wish , I got my Paint back so I can scribble on the Chart, which is easier than to write those logn love letter.

Any recommendation for paint editing software ?

Thank U

Gibril.
  • #2,943
  • Jun 11, 2012 10:35pm Jun 11, 2012 10:35pm
Quoting Gibril
Master Sifu,

I wish , I got my Paint back so I can scribble on the Chart, which is easier than to write those logn love letter.

Any recommendation for paint editing software ?

Thank U

Gibril.
Try googling for "free screen capture". Personally I like SnagIt.

I've following this thread with much interest, learning, reading and re-reading my compiled notes. Will try out this method soon.

To all, some of you posted pics of your charts. Would be helpful if you attach 2 charts of your trade each time i.e. one screen capture at point of entry and another at point of exiting the trade. Reason for asking is because amateurs like myself can then relate the entry/exit made, in accordance to the rules/guideline. Win/lose doesnt matter, we are here to learn and improve.

Just a suggestion.

Rgds
Ririz99
  • #2,944
  • Jun 11, 2012 11:02pm Jun 11, 2012 11:02pm
GBP now sitting comfotably right between the two world. 1.5500.

regression channel still pointing upwards, but shifted lower a bit compared earlier today.

I see going up, target YH, R2, and ADR High area.

Watch Price action and wait for candle formation ( if you use TDI - wait until candle is closed) at 1.5500 .

OK. now is you turn to give me your input and ideas , from where we are now you see PA will take us at LO.

Just an idea, nothing is sure in Forex, as it can change at very last candle to go wherever she likes.

Bring some idea in, just for fun while LO. !

something to observe. Price may want to test this area 1.5490 and 1.5511XX, around pivot, before decideding ahere it want to go.. My bias is up , base on 15M chart, clear of 200 & 800 EMA. Waiting...............

Gibril The Newbie
Attached Image (click to enlarge)
Click to Enlarge Name: gu 60m.gif Size: 23 KB
  • #2,945
  • Jun 11, 2012 11:08pm Jun 11, 2012 11:08pm
Quoting ririz99
Try googling for "free screen capture". Personally I like SnagIt.

I've following this thread with much interest, learning, reading and re-reading my compiled notes. Will try out this method soon.

To all, some of you posted pics of your charts. Would be helpful if you attach 2 charts of your trade each time i.e. one screen capture at point of entry and another at point of exiting the trade. Reason for asking is because amateurs like myself can then relate the entry/exit made, in accordance to the rules/guideline. Win/lose doesnt matter, we...
Hello Ririz 99,

thanks for your help.

But I'm not looking for "free screen capture", but tool for paint. Similar to Window paint. Mine is corrupted just now ( donno why).

somewhhere in this thread somene did mention the paint tool because i need to draw and put notes, lines etc, on the chart attached, in order to give a clear visual explaination to the event.

Thanks for your help.

Happy trading.

Gibril.
  • #2,946
  • Jun 11, 2012 11:15pm Jun 11, 2012 11:15pm
Quoting Gibril
Master Sifu,

I wish , I got my Paint back so I can scribble on the Chart, which is easier than to write those logn love letter.

Any recommendation for paint editing software ?

Thank U

Gibril.
tRY GREENSHOT MY FRIEND...EASY TO EDIT...
Let all the living things live blissfully
  • #2,947
  • Jun 11, 2012 11:19pm Jun 11, 2012 11:19pm
Quoting Gibril
Hello Ririz 99,

thanks for your help.

But I'm not looking for "free screen capture", but tool for paint. Similar to Window paint. Mine is corrupted just now ( donno why).

somewhhere in this thread somene did mention the paint tool because i need to draw and put notes, lines etc, on the chart attached, in order to give a clear visual explaination to the event.

Thanks for your help.

Happy trading.

Gibril.
Snagit can do screen capture and edit too...
  • #2,948
  • Jun 11, 2012 11:46pm Jun 11, 2012 11:46pm
Greeting to all,

Blessed your trading today with a lot of pips........


I want to learn something new today. Anyone can contribute, you're welcome to comment.

I wonder, if there is any "Breakout Strategy" using this System ?.

If any, what elements in the particular in the chart that contribute to this
breakout.

I've been watchn' it on 15M from Feb, trying to find what signal or indy, or EMAs ( combination of them) that really push the price to 70-80 pips move.

Example of yesterday drop in EU, i call it Breakout. It has to do with the test of the HTF Support & Resistence & Trendline ( aslo filling up gap). ( Maybe, i'm just thinking, my view is pure speculation based on observation)

EU drop from Montly support 3 to weekly pivot & RN ( right at the pip) - not coincidentally ?

If we all know, price is on break out, we wouldn't take profit fast ( eg 20-30 pips), i think we rather let it run out of steam.

Just to share my thought and maybe you can share your view on this subject. Remember, I'm here to learn from all of you.

Maybe later, i will put up a chart to marked areas of support & resistence on 15M TF ( but the S & R on HTF) to show how this S&R breach , lead to break out.


Let me get that Greenshot first.

Thank you for reading


Gibril
  • #2,949
  • Jun 12, 2012 12:10am Jun 12, 2012 12:10am
Master Sifu,

this is YOU sir !,

Patient traders know exactly what they are
looking for in the markets


Hope some day, I'm able to become one.........


Gibril.

  • #2,950
  • Jun 12, 2012 12:27am Jun 12, 2012 12:27am
Quoting Gibril
GBP now sitting comfotably right between the two world. 1.5500.
Hi Gibril, I am reading your strategy on the 1 HR TF its intresting. If you take today's GU on 1 HR TF, as you mentioned earlier its between two worlds. On the 15 min its below the 200 and 800 EMA. In both cases would you still use the 10EMA as your guide for PA. Thanks mate
  • #2,951
  • Jun 12, 2012 12:43am Jun 12, 2012 12:43am
Quoting Halcyon567
Hi Gibril, I am reading your strategy on the 1 HR TF its intresting. If you take today's GU on 1 HR TF, as you mentioned earlier its between two worlds. On the 15 min its below the 200 and 800 EMA. In both cases would you still use the 10EMA as your guide for PA. Thanks mate

OK Brother,

but i was justtesting, not yet proven the reliability. The reason I like to trade hourly because, it tend to be less stressful and esy to spot.

But go back and forth or put side by side 60m adn 15m Tf for you to see,

The lines are from 60 min on 15m chart, just for visual. Below, is break down. bule is crossing from bear to bull, upward.


Test it and we share and Xchange ideas.

Thank you for testing Newbie strategy


Gibril.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 15 min.gif Size: 29 KB
  • #2,952
  • Jun 12, 2012 12:46am Jun 12, 2012 12:46am
Quoting loveevery1
tRY GREENSHOT MY FRIEND...EASY TO EDIT...
LE1,

i've trsted it, it's nice tool to work with, like photoshop ( but simpler version) even a person with small brain (like me ) can use it.

Need to practice a bit.

Thanks for your help


Gibril
  • #2,953
  • Edited 1:11am Jun 12, 2012 12:58am | Edited 1:11am
EURUSD need around 40pips ++ to breakout after testing support below its current position.


GBPUSD need around 27pips ++ to breakdown and test support

Waiting.................


Gibril.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 240.gif Size: 24 KB
  • #2,954
  • Edited 1:22am Jun 12, 2012 1:18am | Edited 1:22am
finish scalping 20 pips for partcipation fees in the market, now waitng for LO.

another test before it decide where to go.

touching, touching support, get the feel few times, then decide where to go LO.

UP or DOWN ?????
  • #2,955
  • Edited 1:48am Jun 12, 2012 1:32am | Edited 1:48am
What type of candle and formation now developing in EU and GU ?

20 minutes to go, formation and developing into signal now. Once the candle closed, and know ehat type of formation, look at TDI to confirm.

Candle closed, follow by 200EMA, follow by TDI. in that sequence.....

another things, don't forget the marker, that price will pause when it get there. Watch out.


I hope EU gimme Morning Star. ??? DOJI, appearing now !!!!!!!! and GU gimme spinning top !!!!!!

GU & EU now is squeezeee by VB.


Waiting...............................



Gibril.
  • #2,956
  • Jun 12, 2012 2:02am Jun 12, 2012 2:02am
Quoting loveevery1
Im expecting the EU to go down today,,,,lets seee.
Chief,

i agree if you consider the engulfing candle as Bearish Harami pattern on 1440min.

But, it was formed because of the weekend gap, therefore to interprate that we have to look at Friday 1440 candle.

I do it differently, by looking them at 240m, to see, if ant of LH LL formation is there. it still maintain HH, HL.

I go to 60min, ( my trading time), I look forward to enter on 123 formation.



Is this the correct set-up ?


Gibril.

P/s I hop Sifu, see the formation now is complete.

I see from different angle, because you tought me to look at thing that way. Thank You
  • #2,957
  • Jun 12, 2012 2:28am Jun 12, 2012 2:28am
Master Sifu,

you tought me well and you won't regret it.

This set up is for both EU and GU. mirror set up.


Attached to formation I see prior to LO.

Starting 1440min TF, 240mTf, then 60m TF for entry before RN since saw the momentum from squezze of VB 240mTF.

I hope will be able to share with others to learn. If my intrepetation is wrong, please give me you comment.

Thank You.
Attached Images
  • #2,958
  • Jun 12, 2012 2:34am Jun 12, 2012 2:34am
Watch out for retest this resistence line, i marked in my chart earlier.

if test failed, we may go reversal. ?.

Watch the 200EMA rules. and see RED TDI position in relation to MBL.

Then you decide, is it reversal or retrecement.

Out for another saclping + 30, + 32.

Wait for next set up.
  • #2,959
  • Jun 12, 2012 2:51am Jun 12, 2012 2:51am
What do you see now.

Where market is heading?

hope this is the 90 pips move.\\


EU need to move 20 pips down, then we know what she want to do.

GU need 36 pips to break barrier.

This is bounce trade again, for EU is confirmed, but GU still in making.

Once arrive there, there be test, or shoot srtaight to bottom.




Gibril. ( I donno)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 60.gif Size: 21 KB
Click to Enlarge Name: gu 60m.gif Size: 20 KB
  • #2,960
  • Jun 12, 2012 3:28am Jun 12, 2012 3:28am
Break the line, retest, up down formation, to leave some pips for new new york open.

Now both testing their Support line.

Out scalping again.
GU out +41 , EU out +31.


Learn this chart, and put all lines accordingly every day before market open.

S= support, R = resistence, m=meanline ( kind of not sure where to go, until break the other side)

Gibril.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15m.gif Size: 22 KB
Attached Image
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