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Another simple system - Time-Frame 15

  • #6,861
  • Sep 19, 2012 3:57am Sep 19, 2012 3:57am
Quoting emmanuel7788
H1 shows a bearish engulfing candle GMT0700 Frankfurt open...PA wsie it would take very strong buyers to turn that upwards. Look at the M15 candles closely, notice the upper wicks.. is there bullish momentum after the LO candle?

I would plut more weight on candle price action on the next higher TF like H1 and H4 to get the sense of the direction when scalping.
thanks friend i'll put tf60 near the 15 from now
  • #6,862
  • Sep 19, 2012 3:58am Sep 19, 2012 3:58am
any one else thinking a bounce off the strong support off of EU and off 200 MA on GU?
  • #6,863
  • Sep 19, 2012 4:03am Sep 19, 2012 4:03am
Quoting pinux76
thanks friend i'll put tf60 near the 15 from now

note I just updated my previous post with mini charts showing the H1 H4 and D1 candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,864
  • Sep 19, 2012 4:03am Sep 19, 2012 4:03am
To Pros...:::

Are the buying or selling....shooot...

+15...will see you guys for NY....might take my wife out for shopping.....15 pips is too much for me per day....you guys know how much i take on an average...lol
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  • #6,865
  • Sep 19, 2012 4:04am Sep 19, 2012 4:04am
I was waiting for shorts, my analysis was showing trend change in last days, double top confirmed, I just waited pull back and confirmation for short, I was late a little for fibo play and retest of Resistance, but I entered on the second pin bar.



Quoting vickytej2301
here's my entry position sir..

what went wrong ?

thank you very much

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  • #6,866
  • Sep 19, 2012 4:09am Sep 19, 2012 4:09am
AU 5 min TF . bounces off the 800ema
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X-man the legendary conqueror of markets
  • #6,867
  • Sep 19, 2012 4:09am Sep 19, 2012 4:09am
For the charts i posted why do you need 20 pip SL.....the key is to wait for that exact candle...to appear....risk 1 or 2 % with the TINY stop and go for it,,,,,with these confirmed entries...

this obviously will take time....but see these things appear on the charts again and agiain....
Let all the living things live blissfully
  • #6,868
  • Sep 19, 2012 4:11am Sep 19, 2012 4:11am
Look at that set up at the 200ema.
I see that happening all the time.
I posted charts on that before and it will keep happening.
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X-man the legendary conqueror of markets
  • #6,869
  • Sep 19, 2012 4:15am Sep 19, 2012 4:15am
EJ
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X-man the legendary conqueror of markets
  • #6,870
  • Sep 19, 2012 4:15am Sep 19, 2012 4:15am
Quoting loveevery1
To Pros...:::

Are the buying or selling....shooot...

+15...will see you guys for NY....might take my wife out for shopping.....15 pips is too much for me per day....you guys know how much i take on an average...lol
See my stops....folks....for the EU short i took it was like 3 pips..even one small spike can take it out...it was initially 7 when i took then reduced to 3 pips....and when i came back there was blow to the south....Tp hit...


This is EJ....

Follow the trend....always....this entries are for someone who has been trading for a while...if you are new...dont attempt these entries...

A question::::

If my zigzag entries confuses you...plz let me know...i wont post these entries.....

As long as you get what you want its good do anything....
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  • #6,871
  • Sep 19, 2012 4:16am Sep 19, 2012 4:16am
Quoting X-Man
AU 5 min TF . bounces off the 800ema

Question: What is the M5 EMA800 equivalent to on H1 and H4?

I thought mathematically the EMA800 on M15 is equal to EMA50 on H4.

How many EMAs do we play with using this simple method?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,872
  • Sep 19, 2012 4:16am Sep 19, 2012 4:16am
Quoting wonderwoman
Hello vickytej2301

I am certainly no expert, just another newbie here, but you took your trade just before the London, the market is always liable to do the unpredictable around the LO
Also I try and enter a trade as close to the 10MA as possible preferably the cross, makes placing the stop much easier and the chances of success much higher, especially as a newbie.
Hope this helps, maybe an expert has some better advise for you.

ww
thank you for your answer
  • #6,873
  • Sep 19, 2012 4:16am Sep 19, 2012 4:16am
LE1,

Would you tell me the settings on your round number indicator?

Tks

snarlyjack
  • #6,874
  • Sep 19, 2012 4:17am Sep 19, 2012 4:17am
GJ
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X-man the legendary conqueror of markets
  • #6,875
  • Sep 19, 2012 4:21am Sep 19, 2012 4:21am
Quoting emmanuel7788
Question: What is the M5 EMA800 equivalent to on H1 and H4?

I thought mathematically the EMA800 on M15 is equal to EMA50 on H4.

How many EMAs do we play with using this simple method?
I mostly trade the 5min chart.
I see price respects the 200ema , the 800ema and the 30ema there.
I also look at the 15min TF as well to confirm.
I dont know what it realtes to on the higher TF but it helps me getting pips.

I noticed the 200ema and 800ema works on all Tfs
X-man the legendary conqueror of markets
  • #6,876
  • Sep 19, 2012 4:32am Sep 19, 2012 4:32am
Quoting snarlyjack
LE1,

Would you tell me the settings on your round number indicator?

Tks

snarlyjack
Here it is mate...
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  • #6,877
  • Sep 19, 2012 4:35am Sep 19, 2012 4:35am
LE1,

Thanks, I appreciate that...

snarlyjack
  • #6,878
  • Sep 19, 2012 4:37am Sep 19, 2012 4:37am
minichart....
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  • #6,879
  • Sep 19, 2012 4:37am Sep 19, 2012 4:37am
Quoting X-Man
I mostly trade the 5min chart.
I see price respects the 200ema , the 800ema and the 30ema there.
I also look at the 15min TF as well to confirm.
I dont know what it realtes to on the higher TF but it helps me getting pips.

I noticed the 200ema and 800ema works on all Tfs

okay, thanks very much X-Man.

good observations and sharing these. I have been trying to reconcile the lower TF M15 on H1 and H4 to enter my trades. But now with M5, I need time to work on the candle pattern and alert.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,880
  • Sep 19, 2012 4:40am Sep 19, 2012 4:40am
Sir Gibril, the majority is with you; you do a great job even fotr newbies; We will not stay newbies, like a newborn,we need to grow after many months.
Keep up the great work for us , never give up; continue to feed us even if we are newbies. And do like Mr Arjun, he can support good or bad thoughts, never mind and keep up the good works for all os us.May God bless you.
We wait for ur new contribution.
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