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Another simple system - Time-Frame 15

  • #5,181
  • Aug 17, 2012 8:33am Aug 17, 2012 8:33am
Quoting loveevery1
i need to set my broker offset time mate...do u think this can do that for me
I'm not sure I know what you mean, you want to change to a different open time than what your broker have?
I put the indi on the chart and it just shows the H and L.
If you're going through hell, keep going. Winston Churchill
  • #5,182
  • Aug 17, 2012 8:52am Aug 17, 2012 8:52am
Textbook short on E/U. Needs to clear a bit more support before confirmation. Also late Friday is not the best time to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: friday eu short.png Size: 57 KB
  • #5,183
  • Aug 17, 2012 9:02am Aug 17, 2012 9:02am
Quoting loveevery1
i need to set my broker offset time mate...do u think this can do that for me
This is a pivot indicator but also shows yH and yL if you edit the inputs. You can also change the start and end times by editing the hours from GMT option. You just have to change the inputs to get it exactly how you want it. You could even ignore all the pivots if you just wanted the high and low lines.
Attached File(s)
File Type: ex4 THV4 TzPivotsD (Black).ex4   45 KB | 425 downloads
  • #5,184
  • Aug 17, 2012 9:09am Aug 17, 2012 9:09am
Quoting notouch
Textbook short on E/U. Needs to clear a bit more support before confirmation. Also late Friday is not the best time to trade.
I didn't take the trade but it would've been good for a quick 20 pips already.
  • #5,185
  • Aug 17, 2012 9:38am Aug 17, 2012 9:38am
Quoting Imi
I'm not sure I know what you mean, you want to change to a different open time than what your broker have?
I put the indi on the chart and it just shows the H and L.
i need to set the broker time to +3 gmt....

i missed this AU CT long for +15 pips...I shouldnt have got married...
Let all the living things live blissfully
  • #5,186
  • Aug 17, 2012 11:53am Aug 17, 2012 11:53am
Quoting loveevery1
i need to set the broker time to +3 gmt....

i missed this AU CT long for +15 pips...I shouldnt have got married...
Congrats Man.
With God all things are possible.
  • #5,187
  • Aug 17, 2012 12:16pm Aug 17, 2012 12:16pm
I got 10m pips from this short, thats it for me today, i missed the Euro short.

Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 25 KB
  • #5,188
  • Aug 17, 2012 4:57pm Aug 17, 2012 4:57pm
Quoting notouch
There are a few pivot point indicators. That one I showed you above is called the Auto-Pivot Plotter. It shows historical pivots but gets the Monday pivot wrong so I prefer to use the THV4 pivot indicator (daily, weekly and monthly).
thanks alooooottt
Enter Signature
  • #5,189
  • Aug 17, 2012 5:20pm Aug 17, 2012 5:20pm
Quoting Intrepidpips
I'd call this Sl or BE hunting, it's a sign that the trend may continue Mr Market just wanted to shake some people off before continuing.Attachment
Wish I knew hat was happening I would have milked the market today, here's a summary of the "behind the scenes" that moved the market.


Daily Afternoon Report 17/08/2012

The euro weakened against the dollar on Friday after a key consumer sentiment figure exceeded expectations in the U.S. Despite rising food prices, U.S. consumers are reasonably upbeat over the economy. A Thomson Reuters/University of Michigan preliminary consumer sentiment index for August hit its highest level since May at 73.6, up from 72.3 last month, outpacing economists' forecasts for a 72.4 reading. The numbers helped diminish expectations the Federal Reserve will stimulate the economy with a fresh round of quantitative easing, under which the Fed buys assets held by banks, pumping the financial system full of liquidity to drive down interest rates and spur recovery, weakening the dollar in the process.

The euro, meanwhile, saw support on comments from Austrian Chancellor Werner Faymann, who said a breakup of the currency zone would do more harm than good. Meanwhile, German Chancellor Merkel said European Central Bank President Mario Draghi's comments last month that policy makers will do whatever it takes to save the euro were "completely in line" with the approach taken by European leaders. Markets took Draghi's comments as a hint the ECB may resume buying bonds of debt-ridden countries such as Spain and Italy to lower borrowing costs there with the aim of firewalling the European debt crisis.
Let it turn and find your entry.
  • #5,190
  • Aug 18, 2012 9:14am Aug 18, 2012 9:14am
Quoting Pat Chiko
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 [i]temporary...

Folks....Whoever want to make money in FOREX...just practice your eyes to see these.....

My brother PAT has explained it to the point...god bless him for this

Are you folks thinking....?? arrghhh we have seen this million times!!!!
im telling you...this is all you need to make money here in forex.indentify these on the charts....first keep drawing them on the chart...like the way i do or brother PAT or goochie does....in few months you will not need to draw lines....your eyes will be used to this...just spend the entire week indentifying these setups

Note: Just add BIll williams FRACTALS just in case you dont know how to spot them...just keep joining them
Let all the living things live blissfully
  • #5,191
  • Aug 18, 2012 9:51am Aug 18, 2012 9:51am
Take a look
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 36 KB
Let all the living things live blissfully
  • #5,192
  • Aug 19, 2012 6:17pm Aug 19, 2012 6:17pm
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
Hi, LE1 and everybody. There are so many valuable things for the traders here. This is one of them. Thank you LE1. My apologizing and regret because I can't always join this thread. My internet connection is so lame. I can't even open a page, except sometimes in the morning. I moved to my homeland now. And the internet connection is so bad. Fortunately I still can open my mt4, though it is so limited. As usual, lost still be my friend. Needing so much learning from this forum, but my internet connection doesnt allow me. Iwill be here sometimes. Happy trading.

Regard
Ibrohim
i am a beginner, so one pair is enough
  • #5,193
  • Aug 19, 2012 6:19pm Aug 19, 2012 6:19pm
Quoting Pat Chiko
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...

This one also from PAT. He is a great man.
i am a beginner, so one pair is enough
  • #5,194
  • Edited 5:34am Aug 20, 2012 5:14am | Edited 5:34am
EU gave a quick 2.3R (0.5 + 13.5 pips with SL 6 pips, first trade was an attempted bounce with a bad entry, so I exited be quickly).

http://www.sierrachart.com/userimage...4545730147.png

Went much further, but I don't care about pip count (it's always possible to take more, the market is an infinite source of profit, *). What matters is the risk-reward ratio.

50% of daily goal reached. As it's Monday, I may not take any more trades.

* The mindset of abundance is the success factor that is most difficult to acquire (and the most important for sustained profits). Took me more than 2 years to understand this.
  • #5,195
  • Aug 20, 2012 8:44am Aug 20, 2012 8:44am
thank heavens i dint take any trades todya....anybody have any idea why this market just wont move...i dont like this market....

IM off for the day...
Let all the living things live blissfully
  • #5,196
  • Aug 20, 2012 8:44am Aug 20, 2012 8:44am
Quoting Pacific
EU gave a quick 2.3R (0.5 + 13.5 pips with SL 6 pips, first trade was an attempted bounce with a bad entry, so I exited be quickly).

http://www.sierrachart.com/userimage...4545730147.png

Went much further, but I don't care about pip count (it's always possible to take more, the market is an infinite source of profit, *). What matters is the risk-reward ratio.

50% of daily goal reached. As it's Monday, I may not take any more trades.

* The mindset of abundance is the success factor that is most difficult to acquire...
On the DOT my friend...good on
Let all the living things live blissfully
  • #5,197
  • Aug 20, 2012 8:45am Aug 20, 2012 8:45am
took 15 pips on EU (see pic above)

but its ranging - lets see whats happening tomorrow
  • #5,198
  • Aug 20, 2012 9:04am Aug 20, 2012 9:04am
Quoting loveevery1
thank heavens i dint take any trades todya....anybody have any idea why this market just wont move...i dont like this market....

IM off for the day...

This market wont move because there is nothing to move it.... yet.

Explanations:
1-it is vacation season.
2-Everyone is waiting to see if there willl be intervention, QE 3, bailout money, printing money etc. In which case the eurusd will breakout to the upside. If the market does not see these actions and "things get worse" it breaks to the down side.

So far a few vaguely promising statements have stabilized the markets.
All talk no action; Until they put up or shut up.
  • #5,199
  • Aug 20, 2012 9:14am Aug 20, 2012 9:14am
+16.5 + 7

I only traded 20% of my normal lot size.
Attached Image
If you're going through hell, keep going. Winston Churchill
  • #5,200
  • Aug 20, 2012 10:08am Aug 20, 2012 10:08am
H1 200 ma bounce//61.8 Fib. Sell?
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