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Another simple system - Time-Frame 15

  • #3,761
  • Jul 13, 2012 10:57am Jul 13, 2012 10:57am
Quoting goochie
Pat, as always great post and given me lots to think about -

Quick question as i traded the EU today and luckly L1 got me out of the trade as i had missed the major support from Jul 2010 and as such analysis was a bit out of sync.

Could you provide me with a little insight into the thought process of patience for todays EU PA and i have outlined mine --- with a major dose of 20 20 hindsight

[b]Start of day you relise theres major support streching back to July 2010, you have one eye on the weekly TL , another on the 15 min 200 EMA. [color=blue][i](...

Hi goochie,


I use PASR method when trading. Just follow PRICE ACTION at SUPPORT RESISTANCE (PASR). Those tools help you better in your decision but PASR will be enough to get you going. ( Note : SR means static SR only),
Dynamic SR is all the EMAs.

Big traders have huge money to move around, therefore they may want to hide the movement by doing it over couples of days, if not weeks.
Normally, will break the short term support line and HL of Candle, eg 15 mins. just to get more people commited to sell/buy. I was watching late yesterday activities was the Que for today set up.

This is Arjun's method that what here's trying to convey to all of you.

Since you have demonstrated a willingness to learn and a commitment to the method, feel free to ask questions on anything you don't UNDERSTAND.

To those who are new to trading you will have to read and read again and again and again and again then you will know what trading and this thread is all about. It's really eyes opening to making money in forex.


Best Wishes to all and stay healthy,


Sincerely


PAT Chiko

Attached Image (click to enlarge)
Click to Enlarge Name: eu 15 mins.jpg Size: 230 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,762
  • Jul 13, 2012 11:06am Jul 13, 2012 11:06am
Quoting goochie
Pat, as always great post and given me lots to think about -

Quick question as i traded the EU today and luckly L1 got me out of the trade as i had missed the major support from Jul 2010 and as such analysis was a bit out of sync.

Could you provide me with a little insight into the thought process of patience for todays EU PA and i have outlined mine --- with a major dose of 20 20 hindsight

Start of day you relise theres major support streching back to July 2010, you have one eye on the weekly TL , another on the 15 min 200 EMA.

You wait...





Start of day you relise theres major support streching back to July 2010, you have one eye on the weekly TL , another on the 15 min 200 EMA.

( NO, It was yesterday, when Arjun give a call to take AU, GU trade. I notice all major has similar set up. - form of accumulation. someone is buying cheap ??? )


You wait to see what cooks ... it gets choppy around the RN, initial sellers at the 200 EMA .... so you still decide nothing conreate yet ... price breaks lower .. then rather than jumping in your actualy starting to look at the support and TL of HTF.

( Those are blue box area , all trap set, big players already in stsge of accumulation, now need to pust price down a bit to the previous day low for final accumulation)

( High activity in blue box area, but Price just move sideway and trap between S&R)
,

Then as you say, consolidation, pin bar ... job done - high percentage trade with many factors going for it ??

( The trade area you re refering to as congestion area, weekly TL, and yesterday accumulation point ( low point), its just kind of confirmation of what the big boys already got in mind in the first place.

WE only have Chart to tell us. look at the Chart with HTF and move down, find the connection of what is happening.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,763
  • Jul 13, 2012 11:09am Jul 13, 2012 11:09am
Hi guys...

i'm looking for Round Number indicator for 4 digits price quote.

Please share with me

Thanks guys
Lets make some green pips
  • #3,764
  • Jul 13, 2012 12:22pm Jul 13, 2012 12:22pm
Quote from the book, "Techniques of Tape Reading" , by Vadym Graifer and Christopher Schumacher -

"Professionals take a trade when they are comfortable with the risk, while amateurs do it when they like the potential profit."


Have a Great Weekends.


PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,765
  • Jul 13, 2012 12:45pm Jul 13, 2012 12:45pm
Quoting Pat Chiko
Quote from the book, "Techniques of Tape Reading" , by Vadym Graifer and Christopher Schumacher -

"Professionals take a trade when they are comfortable with the risk, while amateurs do it when they like the potential profit."


Have a Great Weekends.


PAT Chiko
Hellou PAT,one thing i do not undeerstand,if big traders push price up,and take profit to account(or do they?) the price came back down. sorry my broken english,regards juha
  • #3,766
  • Jul 13, 2012 12:52pm Jul 13, 2012 12:52pm
Quoting skyvoice
Hellou PAT,one thing i do not undeerstand,if big traders push price up,and take profit to account(or do they?) the price came back down. sorry my broken english,regards juha
I mean there is really many things ,what i do not understand,this is only oneof them,try to learn.
  • #3,767
  • Jul 13, 2012 3:27pm Jul 13, 2012 3:27pm
Quoting Pat Chiko
Daily view with bouncing from weekly Support & Resistence Trendline
Hello Chico!
Thanks for the work all u guys have been doin here,it's givin newbies more hope
I want to kindly ask if u don't mind giving the link to ur pivot line indicators on ur chart and ADR. INDI
Srry to have bothered u on this
Thanks
Enter Signature
  • #3,768
  • Jul 13, 2012 3:45pm Jul 13, 2012 3:45pm
Quoting loveevery1
Mate...analyse from the HTF before you enter.its says LONG today...according to me.it was a touch of 10ema on the HTF i guess weekly.its that simple my friend...lol

i would have only taken LONG from yesterday night...remember my CT trade yesterday...that was completly based on this..
Hi LE1, thanks for the reply.Would you mind explaining this a bit further for me. If you could check my post above, can you confirm my assessment of the HTF ( 4hr ) that shows me to only take longs. That was the basis for my trade on the 15min but I am now a little confused. Perhaps my assessment of the 4hrly is incorrect. You mention the weekly. Do you have a screen shot for that ?
I hope you have much patience for repeating these answers lol.
Have a nice family weekend everyone.
Binnie
  • #3,769
  • Jul 13, 2012 3:51pm Jul 13, 2012 3:51pm
Quick question for anyone please - I use the jurbol.com version of the TDI but this does not have the same functions as the one in MT4. I am unable to edit or add line colour #2 so need to know what the yellow midline actually represents by way of an ma etc. Any suggestions most welcome.
Thanks
Binnie
  • #3,770
  • Jul 15, 2012 12:42am Jul 15, 2012 12:42am
hello folks. Just a weekend request to anybody who ever is interested .

A)I want to know how many times the london market moved over 70 pips after it opened.

B) how many times it failed to move.

C) i mean only london open not the new york . I need data for 3-6 months.

We both will be benefited by doing this. Will help us take more pips .

Just post the results here. Its very simple mate just unzoom the chart draw the opening times of the market and calculate the pips. It will take about 2 hours. God bless
Let all the living things live blissfully
  • #3,771
  • Jul 15, 2012 5:41am Jul 15, 2012 5:41am
Quoting loveevery1
hello folks. Just a weekend request to anybody who ever is interested .

A)I want to know how many times the london market moved over 70 pips after it opened.

B) how many times it failed to move.

C) i mean only london open not the new york . I need data for 3-6 months.

We both will be benefited by doing this. Will help us take more pips .

Just post the results here. Its very simple mate just unzoom the chart draw the opening times of the market and calculate the pips. It will take about 2 hours. God bless
Is this what you are looking for ….

1hr chart, April 20th to present ----

Once you confirm this is what your looking for i will crack on with my other charts ..

Blue arrows represent 70 + pips

Red cricles represent failures …


Days reached 70+ pips = 41

Days failed = 18
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: june2.png Size: 104 KB
Click to Enlarge Name: june0.png Size: 108 KB
Click to Enlarge Name: may2.png Size: 101 KB
Click to Enlarge Name: April.png Size: 99 KB
Steadfastness is held above all success
  • #3,772
  • Jul 15, 2012 6:10am Jul 15, 2012 6:10am
Welcome feedback for my interpretation of CT trades ...
Attached Image (click to enlarge)
Click to Enlarge Name: aud3CT.png Size: 99 KB
Steadfastness is held above all success
  • #3,773
  • Jul 15, 2012 6:17am Jul 15, 2012 6:17am
L1 example from last week .....
Attached Image (click to enlarge)
Click to Enlarge Name: aud1CT.png Size: 98 KB
Steadfastness is held above all success
  • #3,774
  • Jul 15, 2012 6:23am Jul 15, 2012 6:23am
Question for more experianced traders -- how would i have kept myself out of the below trade .....

What i see ..........

Divergence
Close > 15 min 10 EMA
Close to round number

What are the resoning for not taking this trade ??
Attached Image (click to enlarge)
Click to Enlarge Name: aud1 2CT.png Size: 84 KB
Steadfastness is held above all success
  • #3,775
  • Jul 15, 2012 7:43am Jul 15, 2012 7:43am
Against the trend, not really divergence, bar lows to the left, what about htf's? etc. Here you should be looking for trades as a continuation of the trend not against it. The wick on the next bar reaches the low of the bars to the left then breaks the 10 down, you could take that or wait until price has broken the RN or the low before the retrace.
  • #3,776
  • Jul 15, 2012 8:07am Jul 15, 2012 8:07am
Quoting zortan
Against the trend, not really divergence, bar lows to the left, what about htf's? etc. Here you should be looking for trades as a continuation of the trend not against it. The wick on the next bar reaches the low of the bars to the left then breaks the 10 down, you could take that or wait until price has broken the RN or the low before the retrace.
Cheers Zortan, getting it slowly ..... only just recently started to get my eyes used to the HTF .....
Steadfastness is held above all success
  • #3,777
  • Jul 15, 2012 11:03am Jul 15, 2012 11:03am
Quoting goochie
Question for more experianced traders -- how would i have kept myself out of the below trade .....

What i see ..........

Divergence
Close > 15 min 10 EMA
Close to round number

What are the resoning for not taking this trade ??


Pull back


The above was a temporary halt in the down trend. With this type of pattern, the movement often need to breath and that's why a pullback on the down trend.


This pause in the upward or downward movement of the price is a signature characteristic of financial markets, which underlines a very important fact:

" the prevailing trend will not continue forever. The market is always pulsating and moving in what some have called “waves.”

This is only a temporary departure from the down trend.

Maybe looking at HTF Chart will help you to understand the "Prevailing Trend" first, before taking trades at 15M TF. Note here, Price is below 200EMA, always look for Short trades. I attached 240M, 60M & 15M Chart for you to look and get the feel as we trade price action at support and resistance, along with the direction from the HTF, guides us in our trades

Practice the Basic Set up first, before venturing into CT, Bounce Trade of RN, ADR revesal et cetera..... You will become more confident taking The Basic Set Up than other complicated ways others practice.

I believe, the BEST METHOD here is still the Basic Set Up for who are new to Forex.



" Divergence
Close > 15 min 10 EMA
Close to round number "

An important point to remember is that all indicators, including moving averages, are just some mathematical derivation of price. Their only purpose is to average and smooth out price for you to see in a single smooth line. Dont look only this as signal to buy or sell. I hpe my 15M Chart sufficient for now to assist you in understanding how's PASR works.



Many times I've people asked me how to identify a trend before it starts ?.
I really don't know !!!!.

But ,,,,, in AU trade, the trend already started ( half way down on 240M and 60M TF.). Wait for the pull back, bounce off RN, g below LT SR line, >10ema. Using this method, I will only take the middle part of this meat, and the top and bottom part, I will not touch.


Sincerely


PAT Chiko




Attached Image(s) (click to enlarge)
Click to Enlarge Name: au 240 mins.gif Size: 153 KB
Click to Enlarge Name: au 60 mins.gif Size: 183 KB
Click to Enlarge Name: au 15 mins.jpg Size: 205 KB
Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3,778
  • Jul 15, 2012 2:36pm Jul 15, 2012 2:36pm
Quoting goochie
Cheers Zortan, getting it slowly ..... only just recently started to get my eyes used to the HTF .....
Grateful for the extra homework you have done this weekend for the benefit of all . Really appreciate it.
Just my take on a reason to stay out of that trade - could you have considered the TDI cross to confirm. I see that the cross happened below the yellow midline. Is this a fair call or are CT trades different ? Only my thoughts so will wait for the teachers to comment.
PS - I see now that Pat has provided his take on things. Would still like a comment on the TDI cross if you can. Thanks to everyone who takes part in this thread .
Binnie
  • #3,779
  • Jul 15, 2012 11:33pm Jul 15, 2012 11:33pm
Quoting goochie
Is this what you are looking for ….

1hr chart, April 20th to present ----

Once you confirm this is what your looking for i will crack on with my other charts ..

Blue arrows represent 70 + pips

Red cricles represent failures …


Days reached 70+ pips = 41

Days failed = 18
Goochie my friend...thiis is what i'm looking for...thanks to you if you can do it for other 2 pairs plz....and from march...thanks in advance..
Let all the living things live blissfully
  • #3,780
  • Jul 15, 2012 11:37pm Jul 15, 2012 11:37pm
Hi Everyone, Hope you have enjoyed a relaxing weekend with your families. I am excited at this weeks learning. I have posted my Aussie charts including my analysis of where I think the 4 hrly may go. Does anyone have a comment if I am correct or am I still not grasping the HTF idea.
Thanks for any suggestions
Binnie
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6A 09-12 (240 Min) 16_07_2012.jpg Size: 116 KB
Click to Enlarge Name: 6A 09-12 (60 Min) 16_07_2012.jpg Size: 79 KB
Click to Enlarge Name: 6A 09-12 (15 Min) 16_07_2012.jpg Size: 64 KB
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