Another simple system - Time-Frame 15 | Page 198 | Forex Factory

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Another simple system - Time-Frame 15

  • #3,941
  • Edited 10:57pm Jul 17, 2012 10:38pm | Edited 10:57pm
Quoting rkp
How long did you hold your positions?

Did you trade during news?

Sorry about asking too many questions. I guess I'm obsessed.

Help is greatly appreciated!

Hey everybody, as posted yesterday - here the chart.

@RKP: Yes I waited for the news - because beforehand the market was ranging - and for a beginner like me a ranging market is very very difficult to trade. So far I have noticed that news have the power to start a trend and then it is good to follow that trend. As already stated and analysed before the BN 1.22000 is a very strong S/R Line at the moment.

At the moment I am trying to identify S/R Lines and how BN attract the price action (influence them etc.). So every morning I draw my 'own' S/R lines in the charts (blue lines) and then I am looking to identify a break out to take my trade.

However - it is very important - that i basically just follow the basic setup rules (post 1 in this thread) to trigger a trade.
Here the chart:
Attached Image (click to enlarge)
Click to Enlarge Name: eu short.jpg Size: 155 KB
  • #3,942
  • Jul 18, 2012 1:59am Jul 18, 2012 1:59am
Pitchfork with possible downside exhaustion.

Price to move up 1.2300 or range further.

This is crucial area, so bulls will get chance for a fight.

Favour of LONG.


Love

assange
Attached Image (click to enlarge)
Click to Enlarge Name: eu 240 mins.gif Size: 32 KB
We are in control of our destiny but have no control over our fate.
  • #3,943
  • Jul 18, 2012 2:15am Jul 18, 2012 2:15am
EU at trendline resistance on H4, must take out 1.2317 for further gains...

HT jdva
I never lose - either I win or I learn...
  • #3,944
  • Jul 18, 2012 2:16am Jul 18, 2012 2:16am
GU up +20 now looking for HH
Attached Image (click to enlarge)
Click to Enlarge Name: gu 240 mins.gif Size: 35 KB
We are in control of our destiny but have no control over our fate.
  • #3,945
  • Jul 18, 2012 2:23am Jul 18, 2012 2:23am
ARCH44 and STEELER
Thanks for your comments on my failed trade from last night.
I am wondering if I am paying too much attention to the 200ema. The 1st page of LE's notes indicated us newbies should only look for longs when the price is above the 200 and vice versa for shorts. I have tried to develop the habit of 1st looking at the 200 on higher TF's. Sometimes ( a lot of times actually), there is conflicting data to look at . EG - on the Pound tonite, the weekly price action is below the 200. ( look for shorts only ) But the 15 / 60 /240 min price action are all above the 200 ema ( Look for longs only ). I realise this is general rule of thumb but how do the masters look at this for a simple basic strategy.
Question 2 concerns the TDI - there are several interpretations of how this is to be used to confirm a trade signal. Some say green crosses red when both colours are above the yellow. Some say green crosses yellow then the red .Some say g > r but above the 50 midline. EtcEtc. There are numerous options. If the primary condition is the cross happening above or below the YELLOW mbl, then I wonder if anyone can suggest how the yellow line can be inserted onto my TDI ? I am using Ninja Chart & the TDI indicator is an imported version and does not have an access to add lines or alter etc. Any ideas from you ninja users ???
Cheers guys. Happy pips to everyone tonight.
  • #3,946
  • Jul 18, 2012 2:31am Jul 18, 2012 2:31am
Quoting jdva
EU at trendline resistance on H4, must take out 1.2317 for further gains...

HT jdva

Question ?

Can you tell me the following when you said 1.2317 EU at TRENDLINE RESITANCE on H4

1. What do you mean by TRENDLINE RESITANCE ? Dynamic or Static ? Diagonal or Horizontal ?

2. Is that level has historical significance. Has the price level proved to be strong over time?

3. Is the " trendline Resistance" level has acted as both support AND resistance. ?

4. What is the time between now and the last time it was hit. ?

5. Is the " trendline resistance" has not been "used and abused". ?

6. Is price has already undergone a significant retracement ?

7. Is there is a significant Fibonacci extension coinciding with the level you've given ?.

8. Is there is a clear diagonal trendline coinciding with the level. ?


Loook forward for your clarifications


Love

Assange
We are in control of our destiny but have no control over our fate.
  • #3,947
  • Jul 18, 2012 2:35am Jul 18, 2012 2:35am
Quoting Assange
Pitchfork with possible downside exhaustion.

Price to move up 1.2300 or range further.

This is crucial area, so bulls will get chance for a fight.

Favour of LONG.


Love

assange
Price is below 200 EMA on 1H chart. Until now, in the last situations price was rejected.
In the 15MIN chart price is betwen 800 and 200 EMA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15min.gif Size: 19 KB
Click to Enlarge Name: 1h.gif Size: 23 KB
  • #3,948
  • Jul 18, 2012 2:47am Jul 18, 2012 2:47am
Attached Image (click to enlarge)
Click to Enlarge Name: EU H4.png Size: 33 KB
Quoting Assange
Question ?

Can you tell me the following when you said 1.2317 EU at TRENDLINE RESITANCE on H4

1. What do you mean by TRENDLINE RESITANCE ? Dynamic or Static ? Diagonal or Horizontal ?

2. Is that level has historical significance. Has the price level proved to be strong over time?


3. Is the " trendline Resistance" level has acted as both support AND resistance. ?

4. What is the time between now and the last time it was hit. ?

5. Is the " trendline resistance" has not been "used and abused"....
sorry, Assange, english ist not my mother language, perhaps this pic may clarify, what I mean...1.2317 is yesterdays high rejected from the falling TL on H4...


appreciate your work..

HT jdva
I never lose - either I win or I learn...
  • #3,949
  • Jul 18, 2012 2:48am Jul 18, 2012 2:48am
jsut see whre i have shorted folks,...i think the SL is 7-8 pips...lets see how this is gona go..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 16 KB
Let all the living things live blissfully
  • #3,950
  • Jul 18, 2012 2:50am Jul 18, 2012 2:50am
Quoting loveevery1
jsut see whre i have shorted folks,...i think the SL is 7-8 pips...lets see how this is gona go..
who cares if its a winner or a loser...just putting the odds in favor..its only 7 pips...i need a loser...LOL to watch my greed and over over confidence...lol...im gona go now..will update the results later...see how hard its tryin to break the PIN in the past...and the PIN whre it bounced off before is the 10ema on 4hr...
Let all the living things live blissfully
  • #3,951
  • Jul 18, 2012 3:10am Jul 18, 2012 3:10am
Quoting loveevery1
jsut see whre i have shorted folks,...i think the SL is 7-8 pips...lets see how this is gona go..
+12 on this one....Need to test something what i have been working on...will answer your question later folks..good luck and be careful.ll
Let all the living things live blissfully
  • #3,952
  • Jul 18, 2012 3:13am Jul 18, 2012 3:13am
Quoting loveevery1
+12 on this one....Need to test something what i have been working on...will answer your question later folks..good luck and be careful.ll
+12
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 10 KB
Let all the living things live blissfully
  • #3,953
  • Jul 18, 2012 3:15am Jul 18, 2012 3:15am
Quoting binnie
ARCH44 and STEELER
Thanks for your comments on my failed trade from last night.
I am wondering if I am paying too much attention to the 200ema. The 1st page of LE's notes indicated us newbies should only look for longs when the price is above the 200 and vice versa for shorts. I have tried to develop the habit of 1st looking at the 200 on higher TF's. Sometimes ( a lot of times actually), there is conflicting data to look at . EG - on the Pound tonite, the weekly price action is below the 200. ( look for shorts only ) But the 15 / 60...
Hi Binnie,

You'll often get London moving the market back into the Asian range so they benefit from the full move.
  • #3,954
  • Jul 18, 2012 3:40am Jul 18, 2012 3:40am
Quoting loveevery1
+12 on this one....Need to test something what i have been working on...will answer your question later folks..good luck and be careful.ll
nice CT trade, LE1, still works fo me as well...., you are the champion...!

HT jdva
I never lose - either I win or I learn...
  • #3,955
  • Jul 18, 2012 3:50am Jul 18, 2012 3:50am
Entered long after break from wedge and inside candle.
Attached Image (click to enlarge)
Click to Enlarge Name: 18th July AU 15m Chart.jpg Size: 101 KB
  • #3,956
  • Jul 18, 2012 3:54am Jul 18, 2012 3:54am
pls can someone please tell me how to capture my chart i mean post my trade any software there i can use so.
thanks in advance
  • #3,957
  • Jul 18, 2012 4:11am Jul 18, 2012 4:11am
Quoting jdva
nice CT trade, LE1, still works fo me as well...., you are the champion...!

HT jdva
GBP very weak today....
I never lose - either I win or I learn...
  • #3,958
  • Jul 18, 2012 4:16am Jul 18, 2012 4:16am
Quoting stevepatt
Entered long after break from wedge and inside candle.
Stopped out for 13 pips -0.5% of accou
  • #3,959
  • Jul 18, 2012 4:17am Jul 18, 2012 4:17am
EU drops below ema200 on M15...11:15h London... 1.2260
I never lose - either I win or I learn...
  • #3,960
  • Jul 18, 2012 4:32am Jul 18, 2012 4:32am
EU at RN 1.2250 now... looking for some retrace here
I never lose - either I win or I learn...
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