Another simple system - Time-Frame 15 | Page 300 | Forex Factory

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Another simple system - Time-Frame 15

  • #5,981
  • Sep 7, 2012 5:02am Sep 7, 2012 5:02am
Quoting loveevery1
when the price approaches an EMA...we naturally look for a bounce...

How do we know if there will be a bounce or the price will pierce through...??

sometimes there would be a fake bounce of just one candle and the price will continue in the same direction????

i want an answer...till i get atleast 10 answers i wont discuss it any furthur
a bounce conjunction with RN rejection might be valid ....
  • #5,982
  • Sep 7, 2012 5:06am Sep 7, 2012 5:06am
ONLY EXPERIENCED TRADERS DO TAKE...

i feel this is a confirmed setup......it might happen today or tonight

Eu is approaching the 200ema on the daily chart....take the reject that will give you atleast 50 pips. scrol to the day chart and see those pins in the past and 200ema and the monthly R1...

sell it with whatever you have. entry matters a lot...just the profit taking will take the price down to 30 -50 pips...it will also reach the days ADR....

no pending orders....

IMI my brother....here is the clue for you....
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  • #5,983
  • Sep 7, 2012 5:10am Sep 7, 2012 5:10am
15mn chart....
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  • #5,984
  • Sep 7, 2012 5:12am Sep 7, 2012 5:12am
Quoting loveevery1
ONLY EXPERIENCED TRADERS DO TAKE...

i feel this is a confirmed setup......it might happen today or tonight

Eu is approaching the 200ema on the daily chart....take the reject that will give you atleast 50 pips. scrol to the day chart and see those pins in the past and 200ema and the monthly R1...

sell it with whatever you have. entry matters a lot...just the profit taking will take the price down to 30 -50 pips...it will also reach the days ADR....

no pending orders....

IMI my brother....here is the clue for...
Im waiting for it
X-man the legendary conqueror of markets
  • #5,985
  • Sep 7, 2012 5:19am Sep 7, 2012 5:19am
Quoting X-Man
Im waiting for it
there is a price fall....im sure...but be careful...where you enter matters a lot...RN is very safe...on the 200ema very safe...

coz it will hit our stop and head our way....
Let all the living things live blissfully
  • #5,986
  • Sep 7, 2012 6:06am Sep 7, 2012 6:06am
Quoting loveevery1
when the price approaches an EMA...we naturally look for a bounce...

How do we know if there will be a bounce or the price will pierce through...??

sometimes there would be a fake bounce of just one candle and the price will continue in the same direction????

i want an answer...till i get atleast 10 answers i wont discuss it any furthur
Good evening everyone and in particular le1, I have been following your thread for a while now and find it extremely practical and educational. Thank you le1 for your tireless contribution and the knowledge you pass to everyone who is willing to learn from it.
My take on your question is to look at higher timeframes with strong candle reversal patterns. If ema's are in accordance or near RN and pivot points, it gives it stronger evidence that a reversal is imminent. Also if the trending patterns form a W or M it helps with directional changes. Hoping I'm on the right track with my analysis, otherwise looking forward to constructive criticism. lol !!!

Talk again, Steve
  • #5,987
  • Sep 7, 2012 6:25am Sep 7, 2012 6:25am
Quoting loveevery1
when the price approaches an EMA...we naturally look for a bounce...

How do we know if there will be a bounce or the price will pierce through...??

sometimes there would be a fake bounce of just one candle and the price will continue in the same direction????

i want an answer...till i get atleast 10 answers i wont discuss it any furthur
I would look for confluences such as other EMA's, RN etc. I also check the ADR, EMA angle, and whether the EMA is respected by prior candles.
  • #5,988
  • Sep 7, 2012 7:00am Sep 7, 2012 7:00am
Arjun my friend tell us how would you determine whether there would be a bounce or a break?
What do you look for?

Am i right when i say that we should look for pin bars or engulfing candles or even hangman?
is there anything more i need to look for to confirm the bounce of these emas?
X-man the legendary conqueror of markets
  • #5,989
  • Sep 7, 2012 7:05am Sep 7, 2012 7:05am
EJ short trade
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X-man the legendary conqueror of markets
  • #5,990
  • Sep 7, 2012 7:18am Sep 7, 2012 7:18am
EU 15min tf and daily TF
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X-man the legendary conqueror of markets
  • #5,991
  • Sep 7, 2012 7:22am Sep 7, 2012 7:22am
I am from Hellas.My name is Teodore.Sorry for my bad English.I want to thanks you Loneevery1 and send you my love.Your system work 1000%.Follow rules and get the pips. I understand the logic behind your system.

I make lot of pips.God bless you.
I need this money because its very bad here in Athen.

thanks you again
  • #5,992
  • Sep 7, 2012 7:25am Sep 7, 2012 7:25am
Quoting loveevery1
when the price approaches an EMA...we naturally look for a bounce...

How do we know if there will be a bounce or the price will pierce through...??

sometimes there would be a fake bounce of just one candle and the price will continue in the same direction????

i want an answer...till i get atleast 10 answers i wont discuss it any furthur
LE1 you answered your own question in the next example in that the 10 ema hold the clue in it's direction. Thanks for your wisdom. It's an honor to just be on this be able to study this thread daily.
  • #5,993
  • Edited 8:24am Sep 7, 2012 8:12am | Edited 8:24am
Dear Loveever1,

Just wanted to thank you for starting this thread, this has been very(extremely would be a better word,actually) helpful!
I am a newbie and been reading a lot about forex(still am!) I found this gem last week, and have been reading ever since.
Just at page 90, so still a lot of reading for me!
This morning, took the GPdUSD Long, I don't jump on the first candle but i like to wait for confirmation..bought @ 1,59600 and sold at 159800!(On a demo)
Amazing!!

I'm gonna stick to this system!

As soon as i've read al the posts i will start posting some of my charts and stop just lurking

LE1 & others; Thank you very much!
Been here7 years, still no clue whats going on
  • #5,994
  • Sep 7, 2012 8:19am Sep 7, 2012 8:19am
Quoting loveevery1
when the price approaches an EMA...we naturally look for a bounce...

How do we know if there will be a bounce or the price will pierce through...??

sometimes there would be a fake bounce of just one candle and the price will continue in the same direction????

i want an answer...till i get atleast 10 answers i wont discuss it any furthur
When price approached ema, we watch for the price action to determine if there are buyers or sellers waiting at the ema area. The strong bounce or weak bounce will give us the clue if the price will pierce thro' the ema.

Cheers
  • #5,995
  • Sep 7, 2012 8:39am Sep 7, 2012 8:39am
EU
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X-man the legendary conqueror of markets
  • #5,996
  • Sep 7, 2012 8:39am Sep 7, 2012 8:39am
Originally Posted by loveevery1 http://www.forexfactory.com/images/buttons/viewpost.gif
when the price approaches an EMA...we naturally look for a bounce...

How do we know if there will be a bounce or the price will pierce through...??




i want to say the momentum of the candle and i agree also with tradertpl
  • #5,997
  • Sep 7, 2012 9:31am Sep 7, 2012 9:31am
oh my god...i thought it wont reach this early....

NFP...no wonder........there was an oppourtunity to make 17 pips....i dont know if imi took it or not...nice blow....
Let all the living things live blissfully
  • #5,998
  • Sep 7, 2012 9:32am Sep 7, 2012 9:32am
the price wont close below 10ema at all...even on 5mnb chart....let see what happens...
Let all the living things live blissfully
  • #5,999
  • Sep 7, 2012 9:42am Sep 7, 2012 9:42am
Quoting loveevery1
when the price approaches an EMA...we naturally look for a bounce...

How do we know if there will be a bounce or the price will pierce through...??

sometimes there would be a fake bounce of just one candle and the price will continue in the same direction????

i want an answer...till i get atleast 10 answers i wont discuss it any furthur
I think that the next candle is the answer. In this case, if the next candle goes below of the low of this candle means that we'll see the price will go below. So we can enter with a low SL.
Or we can simply look at the direction of the next candle, this candle can give us the answer.
  • #6,000
  • Sep 7, 2012 9:43am Sep 7, 2012 9:43am
watch 28120
Let all the living things live blissfully
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