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Another simple system - Time-Frame 15

  • #9,101
  • Oct 10, 2012 5:41am Oct 10, 2012 5:41am
Hi,
while waiting for market to show the way, I did some analysis of EU.

see attached.

the previous week candle pattern show bullish engulfing.
but this week D chart show 3 candle reversal and 3 days down candles,...will this end today and rebound?
Attached Image (click to enlarge)
Click to Enlarge Name: EU week40 10 Oct pre-NYO view 10-10-2012 6-30-00 PM.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,102
  • Oct 10, 2012 7:09am Oct 10, 2012 7:09am
entry attempt
bounce off RN 1.2850 and TL
Attached Image (click to enlarge)
Click to Enlarge Name: EU M15 10 Oct trade 10-10-2012 7-58-37 PM.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,103
  • Oct 10, 2012 7:33am Oct 10, 2012 7:33am
Quoting tango-1
These is my entry...
hope your comment and advice guys..

Thanks..

tango one

corection: in GJ chart its not "engulfing" but "inverted"
Hi tango-1!

Good trades!!! I'm a newbie with this method! and tanks Lovery! you open my mind!

i have a question: i've seen that you use the EMA 4H, Daily and weekly on 15 min chart (the small line on the right)

Do you have a indicator for this or you change manualy???
If this is an indicator, can you say where i can find??

thank lot..

Artic
  • #9,104
  • Oct 10, 2012 7:34am Oct 10, 2012 7:34am
EU short 1.28974 around H4 ema10....SL 15 pips
I never lose - either I win or I learn...
  • #9,105
  • Oct 10, 2012 7:35am Oct 10, 2012 7:35am
1, M15 chart for entry
2, H1 confirmation from HTF
reasons: bounce off yesterdays low, RN, Day 200ema
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Greenshot_2012-10-10_08-21-29eum15.png Size: 27 KB
Click to Enlarge Name: Greenshot_2012-10-10_08-23-10euh1.png Size: 23 KB
If you're going through hell, keep going. Winston Churchill
  • #9,106
  • Oct 10, 2012 7:46am Oct 10, 2012 7:46am
Quoting Imi
1, M15 chart for entry
2, H1 confirmation from HTF
reasons: bounce off yesterdays low, RN, Day 200ema
The same trade

E/U +15
  • #9,107
  • Oct 10, 2012 7:47am Oct 10, 2012 7:47am
Attached Image (click to enlarge)
Click to Enlarge Name: EU H4.png Size: 27 KB
Quoting jdva
EU short 1.28974 around H4 ema10....SL 15 pips
I never lose - either I win or I learn...
  • #9,108
  • Oct 10, 2012 7:58am Oct 10, 2012 7:58am
Good morning everyone.

Here is my quick trade before the NYO with charts attached. Here are the reasons for the trades.

Looked at the 4h EU chart and saw that the PA went up and touched the 10 EMA but didnt get through. This area was marked with a arrow. Also noticed that the 10 EMA line was slopping down. This was a signal for a short for the current time.

I went to 15m chart and noticed that the PA was ABOVE the 10 ema which we shouldnt be trading. But here is why I took the short. First the PA basically touched the RN of 1.2900 and was a hammer which is the first arrow. I waited for the next candle and shorted there which is the second candle. I put my SL at 1.2910 just incase the trade went against me. I closed the trade for 10 pips but could have waited until the PA touched the 10 EMA.

Please give me your thoughts on this trade.

Also Im asking again if anyone has the ADR indicator please share it.

Shawn
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trading ema 3.jpg Size: 184 KB
Click to Enlarge Name: trading ema 4.jpg Size: 156 KB
  • #9,109
  • Oct 10, 2012 8:15am Oct 10, 2012 8:15am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Shawn this may be what you are looking for: http://www.forexfactory.com/showthre...23#post6029523
  • #9,110
  • Oct 10, 2012 8:24am Oct 10, 2012 8:24am
shawn ; u scalp like a pro.
  • #9,111
  • Oct 10, 2012 8:28am Oct 10, 2012 8:28am
similar chart as EU....ema10 H4 touched, daily pivot too and down....not taken

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4.png Size: 27 KB
I never lose - either I win or I learn...
  • #9,112
  • Oct 10, 2012 8:31am Oct 10, 2012 8:31am
Wow...what a muddled up thread. I mean I know you guys are doing okay, but it is a pity the thread had gone off track.

Thankfully Loveevery1's idea is clear and I am glad I have his ideas to work with.
  • #9,113
  • Oct 10, 2012 8:37am Oct 10, 2012 8:37am
Quoting emmanuel7788
entry attempt
bounce off RN 1.2850 and TL
hey.. its my enty....
Attached Image (click to enlarge)
Click to Enlarge Name: ej1.png Size: 30 KB
I'm an under training pips hunter
  • #9,114
  • Oct 10, 2012 8:49am Oct 10, 2012 8:49am
Quoting tango-1
hey.. its my enty....
already out 1 lot at +20pips.
remaining at BE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,115
  • Oct 10, 2012 8:56am Oct 10, 2012 8:56am
Just entered short on the EU with the break through of the 10 EMA and the retouch on the 15 m chart. I think that this should work with the same reason I took the short before the NYO. I guess we will wait and see.

The ADR indicator that you gave isnt working for some reason

Shawn
  • #9,116
  • Oct 10, 2012 8:56am Oct 10, 2012 8:56am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Quoting fondofallthi
Wow...what a muddled up thread. I mean I know you guys are doing okay, but it is a pity the thread had gone off track.

Thankfully Loveevery1's idea is clear and I am glad I have his ideas to work with.
We are not off track. Not many set ups today. Based on previous hints I think todays absence of Arjun and a few key others tells me they are up to something really big. I could be wrong, but that is my guess. Stay tuned!
  • #9,117
  • Oct 10, 2012 8:59am Oct 10, 2012 8:59am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Shawn, search Smarco's posts. He is the creator of the indicator and posts his updates periodicaly. Hope this helps.
  • #9,118
  • Oct 10, 2012 9:00am Oct 10, 2012 9:00am
Quoting shawn3245
Just entered short on the EU with the break through of the 10 EMA and the retouch on the 15 m chart. I think that this should work with the same reason I took the short before the NYO. I guess we will wait and see.

The ADR indicator that you gave isnt working for some reason

Shawn
I hope so Shawn, I took the same trade and I've had a shocker of a morning, 5 trades 5 losers! -65 pips
Getting there, slowly but surely...
  • #9,119
  • Oct 10, 2012 9:05am Oct 10, 2012 9:05am
Quoting Edlich
I hope so Shawn, I took the same trade and I've had a shocker of a morning, 5 trades 5 losers! -65 pips

That's enough for me today. Time to regroup and analyse where today has gone wrong. Got to be my worst day since I started using this strategy, must be down -100 !!!!
Getting there, slowly but surely...
  • #9,120
  • Oct 10, 2012 9:26am Oct 10, 2012 9:26am
Quoting Edlich
I hope so Shawn, I took the same trade and I've had a shocker of a morning, 5 trades 5 losers! -65 pips
there was no short trade that i recognize today according to this setup.
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