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Another simple system - Time-Frame 15

  • #7,501
  • Sep 26, 2012 4:08pm Sep 26, 2012 4:08pm
Hi Everybody..


I have a newbie question...

how we can avoid these fakey pinbar???

thanks...

tango-1
Attached Image (click to enlarge)
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I'm an under training pips hunter
  • #7,502
  • Sep 26, 2012 6:06pm Sep 26, 2012 6:06pm
Quoting tango-1
Hi Everybody..


I have a newbie question...

how we can avoid these fakey pinbar???

thanks...

tango-1
First and foremost find out very important areas like Support and Resistance ,
RN , BRN , EMAs

More confluence of the factor better the area it is .

Before trading always look for bigger picture With Top to Bottom Approach ( Higher time frame to lower time frame ) .

Now look for the actions around those areas ,( PASR- Price Action AT Support and Resistance )
Pinbars , Inside/Outside bars , Two bar reversals and always follow the rule posted on Page no 1.
  • #7,503
  • Sep 26, 2012 8:24pm Sep 26, 2012 8:24pm
Tango here is my thought on the pin bars you have marked with yellow arrows. If I would have chose to trade those pins I would have only traded them in the direction of the 10ema which means they would have all went in my direction except arrow number 2. The only way to avoid 2 from just looking at that chart is by waiting for some type of down move or looking to 5 or 1 minute time frame for confirmation. The confirmation would have never came. I hope I understood what you were asking and this helps.
  • #7,504
  • Sep 26, 2012 11:06pm Sep 26, 2012 11:06pm
Quoting ronaleo10
First and foremost find out very important areas like Support and Resistance ,
RN , BRN , EMAs

More confluence of the factor better the area it is .

Before trading always look for bigger picture With Top to Bottom Approach ( Higher time frame to lower time frame ) .

Now look for the actions around those areas ,( PASR- Price Action AT Support and Resistance )
Pinbars , Inside/Outside bars , Two bar reversals and always follow the rule posted on Page no 1.
thank you Ronaleo...

Quoting Rhythm123
Tango here is my thought on the pin bars you have marked with yellow arrows. If I would have chose to trade those pins I would have only traded them in the direction of the 10ema which means they would have all went in my direction except arrow number 2. The only way to avoid 2 from just looking at that chart is by waiting for some type of down move or looking to 5 or 1 minute time frame for confirmation. The confirmation would have never came. I hope I understood what you were asking and this helps.
thanks Rhythm... I understand now

anyone have another idea..? welcome
I'm an under training pips hunter
  • #7,505
  • Edited 12:41am Sep 27, 2012 12:18am | Edited 12:41am
Bad signal?

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Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 27 KB


on The last chart is momentum at 7:30 GMT+1 (up)
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  • #7,506
  • Sep 27, 2012 12:40am Sep 27, 2012 12:40am
Quoting fxbloom
Bad signal?

Attachment

Attachment


Now look at the same chart i posted and think that would you still take that sell signal or will wait for more conformation of selling .

Practice , practice and more practice.
Try to understand Price action and than confirm with your signal.
  • #7,507
  • Sep 27, 2012 12:42am Sep 27, 2012 12:42am
Hi Fxbloom ,

This is the chart .
Attached Image (click to enlarge)
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  • #7,508
  • Sep 27, 2012 12:43am Sep 27, 2012 12:43am
Quoting fxbloom
Bad signal?

Attachment
Hello fxbloom,
My first post on this thread. (Thanks LE1 for this wonderful thread and the spirit that you keep here.)
No, it's not a bad signal. After the signal, price bounced along the Daily Pivot which is also Today's Open. And just below those two are the H1 10ema and the 15m 50ema.
The general rule is not to trade before Frankfurt and London Opens as volumes can be low and so price action can be "twitchy".
Kan
Thanks for your help, warmth and straight talking Heather.
  • #7,509
  • Sep 27, 2012 12:48am Sep 27, 2012 12:48am
Quoting fxbloom
Hi Endlich!!!

Gratulation! Could You show as (me to ) your entry on GU today?

Thanks
This is the first sceenshot I've uploaded, hope it's OK ???

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: cable 26 sept.jpg Size: 157 KB
Getting there, slowly but surely...
  • #7,510
  • Sep 27, 2012 2:15am Sep 27, 2012 2:15am
Waiting for the buy signal?

Attached Image (click to enlarge)
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Above RN
  • #7,511
  • Sep 27, 2012 2:27am Sep 27, 2012 2:27am
FXBloom

I'm curious, your TDI green has spiked over the 68 level a couple of candles ago, but mine hasn't. Have you changed your settings? (Mine is left at default)

Cheers
Getting there, slowly but surely...
  • #7,512
  • Sep 27, 2012 2:27am Sep 27, 2012 2:27am
I'm blind today....cant see anything clearly,....i think i got to take some rest....MIND is not good...coz i dont see any potential setup.will see you guys....need to practice my eyes...

And i'm going to start another thread on 5mn very soon...only experienced traders are allowed to post to post there....

i have been working on that for a while ....lets see how that goes....
Let all the living things live blissfully
  • #7,513
  • Sep 27, 2012 2:29am Sep 27, 2012 2:29am
it look like a bunch of bounces that i dont trust for EMAs rn or momentum. Any one else see sumtin brewin
  • #7,514
  • Sep 27, 2012 2:31am Sep 27, 2012 2:31am
I request all the newbies to stick to 15mn TF....coz you folks have no idea on how the price moves on 5mn.....everyone here trades 15mn there is no change but the entry are just shown on the 5mn chart...thats all...do not put all the junk on your chart and confuse youself....

plz stay blesd
Let all the living things live blissfully
  • #7,515
  • Sep 27, 2012 2:31am Sep 27, 2012 2:31am
I have just took this short on EU, nice bounce off RN + nice PA under 200MA.
TP - open

Take Care
ww xxx
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15min tt.gif Size: 34 KB
'May God guide you on your life's journey...'
  • #7,516
  • Sep 27, 2012 2:32am Sep 27, 2012 2:32am
Quoting pipnewby
it look like a bunch of bounces that i dont trust for EMAs rn or momentum. Any one else see sumtin brewin
i think i had heavy breakfast.....cant see anything....all i want to do now is jus sleep....loololol

but i feel the push is UP today...lets see


Ej touch of 10ema on the weekly chart....so can expect some pull back
Let all the living things live blissfully
  • #7,517
  • Sep 27, 2012 2:39am Sep 27, 2012 2:39am
Hi
Could anybody explain ADR indi
How are you using this indi?
  • #7,518
  • Sep 27, 2012 2:39am Sep 27, 2012 2:39am
Apologies if it is in another post and I've missed it, I have looked but with over 500 pages now, it is a needle in a haystack task, but could someone please post the indicator that displays the current 10EMA as flat horizontals for the various longer tf's on the right hand side of the chart.

Many Thanks
Getting there, slowly but surely...
  • #7,519
  • Sep 27, 2012 2:45am Sep 27, 2012 2:45am
Quoting Edlich
Apologies if it is in another post and I've missed it, I have looked but with over 500 pages now, it is a needle in a haystack task, but could someone please post the indicator that displays the current 10EMA as flat horizontals for the various longer tf's on the right hand side of the chart.

Many Thanks
Attached File(s)
File Type: mq4 SimpleEMAv1.mq4   12 KB | 363 downloads

Attached File(s)
File Type: ex4 SimpleEMAv1.ex4   12 KB | 284 downloads


I have TDI default
  • #7,520
  • Sep 27, 2012 2:50am Sep 27, 2012 2:50am
GU approaching RN and broke MA800 /200 confluence. Any thoughts??
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