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Another simple system - Time-Frame 15

  • #6,581
  • Sep 15, 2012 9:22pm Sep 15, 2012 9:22pm
Quoting Gibril
Hi all,

There are some pros and cons of the different time frame charts in Forex.

Trader must knows own trading style so they can decide which time frame to use for making the best of his trading technique.

That makes me thinking on these 2 HTF Chart.

Any idea ?


Gibril The Newbie

Hi,

Just my thoughts:

No matter what timeframe chart you choose to see, the price remains the same. Using different timeframe price bars/candlsticks and price based technical indicators will only show you an illusion of what patterns are and some traders use that to interpret market sentiments. But the price remains the same on the same chart.

We enter the market at a certain price and we have different prices when we want to exit.

One entry price and at minimum two exits.

We trade the price.

Kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,582
  • Sep 15, 2012 9:26pm Sep 15, 2012 9:26pm
Is it possible to use this system on ONE minutes time frame with some minor adjustment to suit the speed of trading ?


Therefore , we can devide the timing into 6 sub sector by using 4 hr pivot.


Let's begin.


Gibril The Newbie
Attached Image (click to enlarge)
Click to Enlarge Name: one mins part 1.jpg Size: 185 KB
  • #6,583
  • Sep 15, 2012 9:31pm Sep 15, 2012 9:31pm
And we still use BRN and RN, EMAs to guide us during trading

The 200EMA now become very significantly important.

Should the stop set ar R1 ?


Gibril The Newbie
Attached Image (click to enlarge)
Click to Enlarge Name: one mins part 2.jpg Size: 186 KB
  • #6,584
  • Sep 15, 2012 9:36pm Sep 15, 2012 9:36pm
The trick part when price in between Pivots and EMAs.

With this kind of trade SL is 5 pips with 10 pips TP

R1 is ery close to pivot with no much room for price to move up during the first test


Note : S1 is actually R1, R2, R3. Typo.


Gibril The Newbie
Attached Image (click to enlarge)
Click to Enlarge Name: one mins part 3.jpg Size: 186 KB
  • #6,585
  • Sep 15, 2012 9:39pm Sep 15, 2012 9:39pm
Price react to BRN and all other EMAs confirm the trade, less than 2 pips SL.

With R1 very far away and can be set as TP area ?



Gibril The Newbie
Attached Image (click to enlarge)
Click to Enlarge Name: one mins part 4.jpg Size: 188 KB
  • #6,586
  • Sep 15, 2012 9:43pm Sep 15, 2012 9:43pm
Friday closing stage

As usual, profit taking and intraday traders clear their books.

Expected pull back , should have consider TP at BRN or S1.



Gibril The Newbie
Attached Image (click to enlarge)
Click to Enlarge Name: one mins part 5.jpg Size: 192 KB
  • #6,587
  • Sep 15, 2012 9:46pm Sep 15, 2012 9:46pm
This is part is not a trade but to show complete of 6th stage.

I don't think any of big banks in trade at this very late stage



Gibril The Newbie
Attached Image (click to enlarge)
Click to Enlarge Name: one mins part 6.jpg Size: 174 KB
  • #6,588
  • Sep 15, 2012 9:47pm Sep 15, 2012 9:47pm
Quoting loveevery1
How to see the chart????

A short but very informative...plz read it 2 times minumum...


In the Hindu epic Mahābhārata, the Pandava are the five acknowledged sons of Pandu (Sanskrit: पांडु), by his two wives Kunti and Madri. Their names are Yudhisthira, Bhima, Arjuna, Nakula and Sahadeva

All the sons were trained by great guru DRONOACHARYA.

One day he took all the 5 pupils to the forest to teach them ARCHERY(bow and arrow).

GURU called the eldest brother Yudhisthira and told him....

Yudhisthira,...
Hi Arjun,

Focus the dot...... patient is paid for everything!

Thanks for the valuable advice.

Have a nice weekend.

PureHeart
  • #6,589
  • Sep 15, 2012 10:27pm Sep 15, 2012 10:27pm
Hi loveevery1,

beautiful thread and very useful one... but i cannot find th dean malone pdf file about tdi... can you please help me?
  • #6,590
  • Sep 15, 2012 10:45pm Sep 15, 2012 10:45pm
I've been thinking.


This system is good trend following method using PA at the level of EMA, BRN and RN.

Ablity to read candle and Chart couples with 10EMA, 200EMA, ( now 50EMA) and reactive and bounces price around those levels.

Why not put a weighted on those EMAs corresponding to PA.

By using simple methmatical logic, 200EMA carry the 50EMA and carry 10EMA respectively. Adding the value of 4hours 10EMA as the main weight factors, i try to plot lines to represent them .

Trying to plot this by using horizontal lines as to understand the relationship between ALL the EMAs ( except 800EMAs ' as the value is huge)

By using 10M TF Chart it produces interesting trade set up and oppurtunity, may need to adjust the the EMAs weight again to get it optimised. Pricw will come back to the BLUE lines as those are the MEAN for 4 EMAs taken into calculation.

Thinking............ and still thinking.


Gibril The Newbie
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp 10 mins.jpg Size: 218 KB
Click to Enlarge Name: gbp 10 mins withut emas.jpg Size: 203 KB
  • #6,591
  • Sep 15, 2012 11:14pm Sep 15, 2012 11:14pm
Or maybe 8 mins TF are giving better trade set up ?




Thinking ............... and still thinking



Gibril The Newbie
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 8 mins.jpg Size: 179 KB
  • #6,592
  • Sep 15, 2012 11:52pm Sep 15, 2012 11:52pm
This is not NEW SYSTEM.

It is the same as original thread. Only I am looking at different time frame and collection of EMAs used in this thread. trying to adapt those EMAs for visual improvements.

Trying to minimise the GUESS work and looking at more confirmed signal based on 200EMA, 50 EMA, 10EMA and 4HR 10EMA.

Collectively having all EMAs and put weight to each one and plot simple horizontal lines to make accurate and fast decision.

And to know when it will end as most of the time I bail out too early.

With some pairs the EMAs mean lines really gives a very strong signal to take a trade.

Here another example on 8mins UJ.


Thinking and................. still thinking on how to do this


Gibril The Newbie
Attached Image (click to enlarge)
Click to Enlarge Name: uj 8 mins.jpg Size: 197 KB
  • #6,593
  • Sep 15, 2012 11:59pm Sep 15, 2012 11:59pm
[quote=loveevery1;6015663]How to see the chart????



ARJUNA SAID THAT HE SEES ONLY THE BIRD's EYES....AND NOTHING ELSE....( no tree/no left branch/no green color/no jumping/) only the eyes.

^
And thats why he is awesome at trading .
  • #6,594
  • Sep 16, 2012 12:19am Sep 16, 2012 12:19am
This is noob question and concern, hope someone will be able to point me into right direction. Thank You


I am loking at ways at improving trade signal using 3 Candle Pattern Method and hope to find indicator that able to spot the following PA
( I tried fractal/Zig Zag, but both does not comply.)

A 3 bar pattern in which the middle bar makes a higher high and a higher low than the bars immediately on either side (for a top swing point) and

A 3 bar pattern in which the middle bar makes a lower low and a lower high than the bars immediately on either side of it (for a bottom swing point.)

Point to consider...............

Usually the pattern is completed in just three bars, but occasionally one of the side bars does not make a lower Low than the Swing Bar.

When this occurs, the pattern is considered to be still valid provided that the next bar to the one which failed to make the lower Low does make a lower Low than the Swing Bar.

In this way the pattern sometimes takes 4 bars to complete and sometimes even 5 bars.

The "failure" bar will cause the Swing Bar to form an Outside Bar if the "failure" is to the left of the Swing Bar, and will form an Inside Bar if it is to the right of the Swing Bar.

Couple this in this method will huge improvements.

Attached illustration will give you some idea what I'm trying to achieve. Because I'm a Newbie and need to learn and improve my skills. I know many of you here are experienced and professional traders and ever willing to help this NOOB.



Gibril The Newbie
Attached Images
  • #6,595
  • Sep 16, 2012 12:24am Sep 16, 2012 12:24am
Quoting Gibril
You mean Retracement, Pullback, Corrrection or Reversal. ? Because Price now is 71 pips above Weekly Range High. What deos it mean ?


Gibril The Newbie
Nice to see your back Gibril, not that you ever left

I learnt so much from your old posts and it seems im going to learn some more ...........
Steadfastness is held above all success
  • #6,596
  • Edited 1:42am Sep 16, 2012 12:31am | Edited 1:42am
When I started trading NINE months ago,


THIS IS WHAT I SEE................. lol

But thro' the guidence of Experienced Traders and Master Arjun, I can read what to expect from this..........


I hope you will be able to read this as good as you can read Price Action



Something to learn everyday that our mind can do amazing things.................................. think about it. !


Gibril The Newbie


P/S I see BRN, near to reversal. Must keep alert.
Attached Image
  • #6,597
  • Sep 16, 2012 1:25am Sep 16, 2012 1:25am
Quoting Gibril
Hi everyone,

What do you guys trade on and why?

[b]thank You for your help

I use the Weekly / day to get an idea of direction and to locate possible supply and demand areas.

In the morning i will then use 4 hr to try to understand where price is in relation to my assumptions on high TF direction. This is done by looking at PA around 10 EMA, TL and SR.

I will then look at 1 hr time frame and try to interpret the overnight candle story ....

Although i will then look at the LO and think if i was able to move the price and i wanted to buy or sell cheap where would i push the price to ...

I then look at 15 min for possible entry points of a plan A and B

Plan A = My assumptions to be correct

Plan B = My assumptions to be in-correct

The reason for the 15 min time frame is really down to having work commitments and not being able to sit in front of the computer.

Ideally a better option would be to use the 1 hr timeframe for entry but not sure how to do this / what to look for.
Steadfastness is held above all success
  • #6,598
  • Sep 16, 2012 2:01am Sep 16, 2012 2:01am
Quoting Gibril
When I started trading NINE months ago,


THIS IS WHAT I SEE................. lol

But thro' the guidence of Experienced Traders and Master Arjun, I can read what to expect from this..........


I hope you will be able to read this as good as you can read Price Action



Something to learn everyday that our mind can do amazing things.................................. think about it. !


Gibril The Newbie


P/S I see BRN, near to reversal. Must keep alert.
This message serves to prove how our minds can do amazing things ! impressive things! in the beginneing it was hard but now,on this line your mind is reading it automatically without even thinking about it,be proud!only certain people can read this...

please forward if you can read this....

LOL...hope i got it right brother Girbil...

good weekend to everyone...
Let all the living things live blissfully
  • #6,599
  • Sep 16, 2012 2:59am Sep 16, 2012 2:59am
Reminder !

The method of trading in this thread remain the same, as you read along and highlighted by Master Arjun.

I haven't change anything, just looking at different angle on how to approach trade set up with minimal guess work and avoiding fakey.

To prove that, I attached AJ 8 mins TF Chart with ALL the EMAs ( except 800EMA as i don't incorporate it into the equations)

All the THREE EMAs, 10EMA, 50EMA, 200EMA shown the posotion in relation to each other.

The retrcement Cycle are meant to "check" PA pull back depth and when each retracement ends.

These 'indicator' and EMAs are only for the purpose of checking that I'm still with this thread and have not change the trading method by owner of this thread.

The second image is clean Chart ( AJ naked), that I prefer to use for trading and ready to decide on my best entry without hesitation and guessing. Especially when Price pull back to retracement - how deep is the retrcement and sometimes it turn out to be deep retrcement.

The only TF i'm confortable using now is 8 min and 10 mins, depending on which pairs i trade.


I see Master Arjun's Method is still the best way to trade intraday, only trying to manage best setup for entry. As I'm Newbie, I'm curious on how other people do their trade setup on intraday chart.. ?

Thinking.................thinking deeply how to see this .....?


Gibril The Newbie
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj 8 mins.jpg Size: 216 KB
Click to Enlarge Name: aj 8 mins naked.jpg Size: 165 KB
  • #6,600
  • Edited 4:41am Sep 16, 2012 3:18am | Edited 4:41am
Master Arjun,


none of my posting are trying to challenge your Method. Your method works very well if one's able to capitalise it in the right directions.

As Newbie, Im opened to new ideas and ways to do thing creatively. That's why I come up with small mathematical calculation on ALL EMAs to have it represent with more simplifies lines that can be easily understood by NOOB like me.

If I clear up many EMAs lines from the main chart and only focusing on Candle and Price Action, then trade decision will become much more smoother.

As you're aware, from reading this thread, many traders voice their concern on London fakey.

And I can see some traders are trapped when price retrace, then PA makes sudden spikes to take out their SL, then reverse to the original directions.

And when Trend is in motion, it pull back to some areas ( BRN, RN etc) but we only can guess it's pullback, but how deep is the pull back and when trend resume we never know.

And sometimes we bail out because we see trend has ended, but from the EMAs mean lines, as long as the PA does not makes its way into the EMAs mean lines, trend will continue.

I'm trying to fine tune the weight calculation of each EMAs for individual pairs. I found that each pairs has its own way and speed reaction with EMAs.


Therefore, I hope you will not banned this Newbie just trying to find way seeing things from different angle.

God blessed you and your family for helping all of us here.


Gibril The Newbie
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