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Another simple system - Time-Frame 15

  • #8,881
  • Oct 9, 2012 2:57am Oct 9, 2012 2:57am
Edlich,

Imho, the London open has "lot's" of fake moves.
It seems to shoot up or down and catch a top or bottom and
reverse direction. The first 2, 15 minute bars I'am very
carefull. It seems like it's resetting the chart for the day.

snarlyjack
  • #8,882
  • Oct 9, 2012 2:59am Oct 9, 2012 2:59am
Quoting By_Tor2114
How about that pin I just posted? It was away from the HTF10EMA and the 200EMA on the LTF.
I wouldnt take that trade.
visually we can see the bears are in control there.

we have to keep this in mind.
when we taking longs we have to see more upward movement and less downward movement.
When we taking shorts we see more downward movement and less upward movement.

Look at the last AU moves its been bearish.
I look at the market in a wave pattern and i use it with the 10ema.

Price breaks below 10ema , retests and pushes down
Price breaks above 10ema , retests and pushes up.

This is how we can capitalize on almost every move.
Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 55 KB
X-man the legendary conqueror of markets
  • #8,883
  • Oct 9, 2012 3:02am Oct 9, 2012 3:02am
Quoting X-Man
I wouldnt take that trade.
visually we can see the bears are in control there.

we have to keep this in mind.
when we taking longs we have to see more upward movement and less downward movement.
When we taking shorts we see more downward movement and less upward movement.

Look at the last AU moves its been bearish.
I look at the market in a wave pattern and i use it with the 10ema.

Price breaks below 10ema , retests and pushes down
Price breaks above 10ema , retests and pushes up.

This is how we can capitalize on almost every move.
So you would have been looking more at the daily 10EMA for direction on that?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #8,884
  • Oct 9, 2012 3:02am Oct 9, 2012 3:02am
Nice Eu move
Attached Image (click to enlarge)
Click to Enlarge Name: eu screamer.gif Size: 30 KB
  • #8,885
  • Oct 9, 2012 3:03am Oct 9, 2012 3:03am
anyone still holding shorts, watch the 15 min pin bar.
  • #8,886
  • Oct 9, 2012 3:03am Oct 9, 2012 3:03am
Quoting alij79
Pls see the image... can anyone tell me where did i go wrong ??

As per my understanding it was perfect signal to go LONG at highlighted pinbar ?

price was above 200 ema, 800 ema and 10 ema... ? pls tell me if there is anything missing or just an entry tht wud hit SL ?


Regards,
Ali
My advise to you is to wait for LO and then start trading.
This is because the big boys are putting their money in so we will get nice movements.
if we try to trade with low volume then anything can happen.
Thers no claruty , theres no waves when theres low volume.
When the volumes kicks in at LO and after then you start to see the pushes and the retracements much more clearly.
X-man the legendary conqueror of markets
  • #8,887
  • Oct 9, 2012 3:04am Oct 9, 2012 3:04am
Quoting X-Man
very very nice buddy
You are studying well.
I can see it just by your posts.
Thank you for your word of encouragement. You are source of inspiration for us.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #8,888
  • Oct 9, 2012 3:04am Oct 9, 2012 3:04am
Quoting X-Man
I took this because it was a PIN bar at the RN , i traded away from the 200ema.
These things arjun has been teaching us all the time.
If you look at charts theres pin bars forming all the time.
But the question is which pin bars do we trade?
We trade the pin bars at the right areas.
Like at the RN , the 200ema , the 10ema. this makes the pin bars very powerful.
Hey X-Man..

Thanks for this
Yes, I see what you mean, I think I've had it hammered into my head to look for large obvious bars at the good areas and I have shied away from those smaller PA bars..I guess with more practice and patience giving me confidence with the system I will see as clear as yourself and the other seniors..

Thanks for the help and advice..

Cheers,
Adrian
  • #8,889
  • Oct 9, 2012 3:05am Oct 9, 2012 3:05am
Good day folks...

Hope you guys are pipping today .......was in for the franky session couldnt do trading...i just let the tester run..for some reason.

I see some have gained good pips and and some have lost...
good luck to folks with pips and better luck next time who lost it....we all know how this works...

Brother x-man,pip26,pkimnyc,snarlyjack,emmanuel,stevepatt....

Im much obliged to all you guys for this work...and ofcourse my brother girbil included...i dont need to mention his name often...

If you dont know the bigger picture....you will fail........i dont have anything to add to this....

and the recent post by brother x-man....talks exactly to the point.
Let all the living things live blissfully
  • #8,890
  • Oct 9, 2012 3:06am Oct 9, 2012 3:06am
X-Man,

What you just said is really the secret to this whole thing.

Retest and push up.
Retest and push down.

snarlyjack
  • #8,891
  • Oct 9, 2012 3:09am Oct 9, 2012 3:09am
Quoting X-Man
I wouldnt take that trade.
visually we can see the bears are in control there.

we have to keep this in mind.
when we taking longs we have to see more upward movement and less downward movement.
When we taking shorts we see more downward movement and less upward movement.

Look at the last AU moves its been bearish.
I look at the market in a wave pattern and i use it with the 10ema.

Price breaks below 10ema , retests and pushes down
Price breaks above 10ema , retests and pushes up.

This is how we can capitalize on almost every...
This Guy has stolen all parts of me....god must punish him by showering more pips to this guy....lol

SEE THE LOGIC IN HIS POST....

PATTERNS FAIL/PIN BARS FAIL/PIVOTS FAIL/RN FAILS BUT LOGIC NEVER FAILS.

SEE IT AND FEEL IT...
Let all the living things live blissfully
  • #8,892
  • Oct 9, 2012 3:09am Oct 9, 2012 3:09am
Quoting By_Tor2114
Surely a pin can't show bullish momentum, as it appears at the end of a move in the opposite direction.

There are lots of pins being taken on this thread that are bounces off HTF EMAs that aren't closing above the M15 10EMA.

your are absoluteky correct to say a pin bar cannot show bullish momentum.
I was not referring to the momentum of that pin bar. look at the M15 bars before that M15 pin bar and see what the last H1 candle is like.

A pin bar taken below the M15 10EMA is only when there is very strong support below and the support had been tested several times. This is evident when we see some H1 or H4 candles formed a low.

Always reconcile with higher TF when trading M15.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,893
  • Oct 9, 2012 3:10am Oct 9, 2012 3:10am
Quoting snarlyjack
X-Man,

What you just said is really the secret to this whole thing.

Retest and push up.
Retest and push down.

snarlyjack
Thats what i call N pattern....

i can keep posting those on all pairs all day long....but we want to catch those moves in a early stage and get burnt....
Let all the living things live blissfully
  • #8,894
  • Oct 9, 2012 3:11am Oct 9, 2012 3:11am
Quoting pkimnyc
anyone still holding shorts, watch the 15 min pin bar.
take and run already....

now see if rebound ...intraday
Attached Image (click to enlarge)
Click to Enlarge Name: EU 9 Oct D reversal pattern 9-10-2012 4-12-32 PM.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,895
  • Oct 9, 2012 3:14am Oct 9, 2012 3:14am
Quoting emmanuel7788
take and run already....

now see if rebound
  • #8,896
  • Oct 9, 2012 3:17am Oct 9, 2012 3:17am
Quoting By_Tor2114
So you would have been looking more at the daily 10EMA for direction on that?
I can make all those calls just looking at the 15min 10ema.
Master 1 TF

If we master 1 TF we wont have to look at other Tfs.
The 200ema , the 800ema and the 10ema indicator will always tell us when price is near a higher 10ema.
X-man the legendary conqueror of markets
  • #8,897
  • Oct 9, 2012 3:19am Oct 9, 2012 3:19am
I asked a question yesterday....

I asked " WHY DID I SHORT EJ" ?
(just coz you guys dont reply...you pay the price of wealth in situations like these)

i think only brother x-man answered....i wish my brother gibril saw that.he would have spent the entire night on this question..he doesnt pay more attention to my winning trades nor my losing trades.he has never even replied to those if you have seen.thats useless even i feel.he rather concentrates on posts like these..this is what made him to the person he is...He calls himself a newbie.and we all know that he is not.i have not seen anyone getting this business so easily....im amazed.HE IS BORN TO TRADE.


.its simple....find out....even today its still going down...

EU-GU-AU-EJ = They are positively correlated.we all know that.ofcourse sometimes they go oppsoite.but mostly on the same direction.we stick to the majority.
Let all the living things live blissfully
  • #8,898
  • Oct 9, 2012 3:20am Oct 9, 2012 3:20am
Quoting X-Man
I can make all those calls just looking at the 15min 10ema.
Master 1 TF

If we master 1 TF we wont have to look at other Tfs.
The 200ema , the 800ema and the 10ema indicator will always tell us when price is near a higher 10ema.
Over what period would you have looked on A/U, as the last couple of days on M15 have been bullish?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #8,899
  • Oct 9, 2012 3:21am Oct 9, 2012 3:21am
Quoting snarlyjack
X-Man,

What you just said is really the secret to this whole thing.

Retest and push up.
Retest and push down.

snarlyjack
Yes thats right my friend.
I just do the same thing over and over.

This is truly genius trading .
Compliments from brother Arjun.
X-man the legendary conqueror of markets
  • #8,900
  • Oct 9, 2012 3:26am Oct 9, 2012 3:26am
Quoting By_Tor2114
Just took this long on A/U that got stopped out. It was the first bar of LO, after the pin bar that bounced from the H4 10EMA and the M15 200EMA.

I see the daily 10EMA is down, but price had bounced from support on yesterday daily bar.

I think the problem is there still isn't a clear set of rules that says when we are trading towards an EMA or away from it.
Just because we cant see an ATOM with our naked eye.we cant say that they dont exist.

May be there are no clear rules....stay blessed
Let all the living things live blissfully
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