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Another simple system - Time-Frame 15

  • #6,901
  • Sep 19, 2012 6:05am Sep 19, 2012 6:05am
AU
notice what price does at the 200ema.
Keeps happening
Sometimes its a clean bounce and other times it give a few bounces.
Attached Image (click to enlarge)
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X-man the legendary conqueror of markets
  • #6,902
  • Sep 19, 2012 6:12am Sep 19, 2012 6:12am
BOUNCE

this is how we have to trade.
Go with the flow and not against the flow.

Arjun told me to feel what the market is doing and im doing exactly that everyday
Attached Image
X-man the legendary conqueror of markets
  • #6,903
  • Sep 19, 2012 6:44am Sep 19, 2012 6:44am
Hi sir Xman , can we get a recap of all the bounce you practice, with picture please; i want to record them. i know the bounce off RN , now 200 ema ,PPivot and what else, please pictures for newbie.Sometimes i forget what i learnt.
  • #6,904
  • Sep 19, 2012 6:52am Sep 19, 2012 6:52am
Clear momentum on H1.
Waited for some retrace on m15.

Pay attention to the double top, and LH on H1.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Greenshot_2012-09-19_07-41-52eu15.png Size: 19 KB
If you're going through hell, keep going. Winston Churchill
  • #6,905
  • Sep 19, 2012 7:00am Sep 19, 2012 7:00am
Quoting jeank
Hi sir Xman , can we get a recap of all the bounce you practice, with picture please; i want to record them. i know the bounce off RN , now 200 ema ,PPivot and what else, please pictures for newbie.Sometimes i forget what i learnt.
my advice is to do your homework, you can go to Arjun's profile, and click
on the attachment sign besides his thread replies, and you get to see all his posting with pictures.

honestly the best if you do it for yourself that's how you learn
If you're going through hell, keep going. Winston Churchill
  • #6,906
  • Sep 19, 2012 7:04am Sep 19, 2012 7:04am
http://www.forexfactory.com/loveevery1
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2012-09-19_08-02-44arjun.png Size: 82 KB
If you're going through hell, keep going. Winston Churchill
  • #6,907
  • Sep 19, 2012 7:10am Sep 19, 2012 7:10am
Quoting Imi
my advice is to do your homework, you can go to Arjun's profile, and click
on the attachment sign besides his thread replies, and you get to see all his posting with pictures.

honestly the best if you do it for yourself that's how you learn
I agree.
Just look at all arjuns charts. thats exactly how i learnt them.
just put the time in and you will start seeing it.
remember you dont have to trade the 5min TF.
go to the 15min TF and look for the pin bars on the 10ema for entries.

Remember the 10ema slope as well is important
X-man the legendary conqueror of markets
  • #6,908
  • Sep 19, 2012 7:11am Sep 19, 2012 7:11am
Quoting X-Man
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.
Hi X-Man,

Your input is really amazing here.

I love the idea of these bounces off MAs, RNs, etc. and appreciate that you're highlighting things.
However, I'm not sure exactly which candle makes you decide when you take a trade. Is it when the wick of the candle attempts to move through the 10/200/whichever, but the body doesn't follow and closes on the other side?

Also, does the direction of the MA have any bearing on this?

Apologies if this has already been covered, but my eyes are spinning after reading so many pages- coffee only helps so much
  • #6,909
  • Sep 19, 2012 7:17am Sep 19, 2012 7:17am
Hello Sir,

Some great advise and charts this morning X-man really is appreciated, always enjoy reading your posts, full of great information.

I was really tired this morning so missed all the action, hopefully there will be some pips left for me this afternoon in the NY session.

Take Care

ww xxx
'May God guide you on your life's journey...'
  • #6,910
  • Sep 19, 2012 7:30am Sep 19, 2012 7:30am
I m sorry about my request Xman , i forget the pin on the 10 ema on EU this morning; things are very easy we complicate it to much , i was focus on 10ema above 50 ema; i m so sorry. I was a little tired; i need to take a rest. Thanks ALL
  • #6,911
  • Sep 19, 2012 7:36am Sep 19, 2012 7:36am
BUT i ll do also my own homework, thank Imi AND BIG Xman
  • #6,912
  • Sep 19, 2012 8:08am Sep 19, 2012 8:08am
adr, RN bounce
+17+13+12+13
charts H1, M5 entries
Attached Images
If you're going through hell, keep going. Winston Churchill
  • #6,913
  • Sep 19, 2012 8:18am Sep 19, 2012 8:18am
Nice EU CT trade?

One question, is it best to wait for a close above the 10MA, my only problem with that would be stop placement. Nice rejection at 1.3 though.

Any thoughts?

ww xxx
Attached Image (click to enlarge)
Click to Enlarge Name: eu ct - trade1.gif Size: 34 KB
'May God guide you on your life's journey...'
  • #6,914
  • Sep 19, 2012 8:22am Sep 19, 2012 8:22am
trigger chart M15
entry on M1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Greenshot_2012-09-19_09-19-32aum1.png Size: 13 KB
Click to Enlarge Name: Greenshot_2012-09-19_09-18-45aum15.png Size: 19 KB
If you're going through hell, keep going. Winston Churchill
  • #6,915
  • Sep 19, 2012 8:33am Sep 19, 2012 8:33am
Quoting Themartycat
Hi X-Man,

Your input is really amazing here.

I love the idea of these bounces off MAs, RNs, etc. and appreciate that you're highlighting things.
However, I'm not sure exactly which candle makes you decide when you take a trade. Is it when the wick of the candle attempts to move through the 10/200/whichever, but the body doesn't follow and closes on the other side?

Also, does the direction of the MA have any bearing on this?

Apologies if this has already been covered, but my eyes are spinning after reading so many pages- coffee only helps...
Well just know the basic candle formations like the pin bar, the engulfing candles. and its not so much about the exact candle. its more about the area. the zone . thats what i am more interested in. when i firgure out which zone or area will make the price turn then only i look for the candle pattern.

what do you mean by saying the direction of the MA. do you mean the slope?
X-man the legendary conqueror of markets
  • #6,916
  • Sep 19, 2012 8:36am Sep 19, 2012 8:36am
Quoting wonderwoman
Hello Sir,

Some great advise and charts this morning X-man really is appreciated, always enjoy reading your posts, full of great information.

I was really tired this morning so missed all the action, hopefully there will be some pips left for me this afternoon in the NY session.

Take Care

ww xxx
no problem
I dont mind sharing and helpinh other traders.
X-man the legendary conqueror of markets
  • #6,917
  • Sep 19, 2012 8:46am Sep 19, 2012 8:46am
In my experience, for adr entries g/u is my favorite pair, it nicely respects it most of the time
Also the H4 candle was coming to a close with a big bearish bar, under the 10ema, and it almost always retraces back
If you're going through hell, keep going. Winston Churchill
  • #6,918
  • Sep 19, 2012 8:48am Sep 19, 2012 8:48am
Quoting jeank
I m sorry about my request Xman , i forget the pin on the 10 ema on EU this morning; things are very easy we complicate it to much , i was focus on 10ema above 50 ema; i m so sorry. I was a little tired; i need to take a rest. Thanks ALL
Its ok buddy .
Just invest time in reading arjuns posts, save his posts as well then read it about 3 times.
Arjun posted charts that points out sont good setups always. thats the same setups i use.
for now skip the advaced setups like the adr etc.
Just concentrate on the basics like trading the 15min TF away from the 200ema
and you only trade towards the 200ema when price is like 30 to 50pips away from the 200ema.
here are the 15min TF showing you trades away from the 200ema
Attached Image(s) (click to enlarge)
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X-man the legendary conqueror of markets
  • #6,919
  • Sep 19, 2012 9:01am Sep 19, 2012 9:01am
and always check the higher timeframes first, and make your entries on lower timeframe.
example I never just enter a trade on m1 or m5 , it's always based on my analysis of the HT. It's always a combination for me
If you're going through hell, keep going. Winston Churchill
  • #6,920
  • Sep 19, 2012 9:04am Sep 19, 2012 9:04am
Quoting wonderwoman
Nice EU CT trade?

One question, is it best to wait for a close above the 10MA, my only problem with that would be stop placement. Nice rejection at 1.3 though.

Any thoughts?

ww xxx
Well in CT trades i trade before price can close above or below which makes the trade riskier.
the safe way is wait for price to cross the 10ema and the allow it to retrace and test the 10ema and then we enter when we see that pin bar.
X-man the legendary conqueror of markets
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