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Another simple system - Time-Frame 15

  • #9,801
  • Edited 6:42pm Oct 16, 2012 5:20pm | Edited 6:42pm
Quoting sashadeol
I dont know how you do it.

I am still trying to understand the complexity of your charts. You are an amazing spotter !!

Apology,

I parked into the wrong house. already moved to correct location....lol


Sorry for the mixed up.
  • #9,802
  • Oct 16, 2012 5:58pm Oct 16, 2012 5:58pm
Quoting sashadeol
I dont know how you do it.

I am still trying to understand the complexity of your charts. You are an amazing spotter !!
There is no complication here......

This is simple entry for LOVE BEES.

As method shown by Master Arjun.

( This is not swing or position, just normal intraday trade)

From one hour TF , we can spot the Trigger candle.

To get better price move to 15M TF.

I usually go for aggresive trade, provided 200ema is below the price ( for long)

Fib does play some role here to help me to judge depth of retracement.

Not even a single one hour candle closed below 10 ema.

10 ema.........just watch that ema.....

I assume price will go to BRN, but tired to wait so, let them take my SL which is very close to BRN. I think EU ptice just hit the BRN. ( i was confidence with that)


Attached 1 Hr Chart to help you to see , what do i look for for trade set up.

You then can use your own 15M TF Chart to figure out best entry.

It's waiting and focus...that's all i need, coz I'm not that smart.....lol
Attached Image (click to enlarge)
Click to Enlarge Name: ddd.gif Size: 267 KB
  • #9,803
  • Oct 16, 2012 7:56pm Oct 16, 2012 7:56pm
Is anyone watching the EJ?

Here are my thoughts on the EJ. Looking at the weekly chart I see last weeks candle was a pin and closed above the 10 ema. This weeks candle has been bullish meaning looking for longs

Looking at the 4h chart the slope of the 10 EMA is up being bullish however the PA has been rejected with resistnace 103.279.

After looking at all of that I took one CT trade short for 10 pips because the PA was above the ADR for the day and the price broke below the 10 EMA on the 15m Chart.

I will be looking for longs from this point forward.

Shawn
  • #9,804
  • Oct 16, 2012 9:43pm Oct 16, 2012 9:43pm
Quoting pkimnyc
very interesting rally after session.
Any comments about this trade
Attached Image (click to enlarge)
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  • #9,805
  • Oct 16, 2012 9:55pm Oct 16, 2012 9:55pm
Quoting pkimnyc
Not much can be read about this. You just need to see it on the chart. Look back in history. If you can see where the top or bottom has formed, see it from there.
Sure i will do back testing on weekend .

Thanks.
  • #9,806
  • Oct 16, 2012 10:05pm Oct 16, 2012 10:05pm
Quoting Trader330
Any comments about this trade
Hey Trader330.

Just my opinion but I wouldn't be rushing into any position on the Euro for the next several hours until the Frankfurt/London open as Loveevery1 promotes a lot and I totally agree as at this time the Euro would be pretty unpredictable..

Also this would be a CT trade and unless you've got experience and traded for a while it may be very risky for newbies..

Check out this post of LE1's http://www.forexfactory.com/showthre...59#post5751959 very useful for giving you a plan to follow as if you look at the 4hr + Daily TF it looks like the Euro could be heading higher with maybe a retrace till about the 1.3060 level which is a weekly S/R level....

Cheers,
Adrian
  • #9,807
  • Oct 16, 2012 10:07pm Oct 16, 2012 10:07pm
Quoting shawn3245
Is anyone watching the EJ?

Here are my thoughts on the EJ. Looking at the weekly chart I see last weeks candle was a pin and closed above the 10 ema. This weeks candle has been bullish meaning looking for longs

Looking at the 4h chart the slope of the 10 EMA is up being bullish however the PA has been rejected with resistnace 103.279.

After looking at all of that I took one CT trade short for 10 pips because the PA was above the ADR for the day and the price broke below the 10 EMA on the 15m Chart.

I will be looking for longs from this...
I need to see suport to continue with BUY.

Last week candle was a Hammer.

We shall see if there will be some correction before more buyers jump into this one.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Week 42 17 Oct Big Picture update 17-10-2012 10-49-25 AM.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,808
  • Oct 16, 2012 10:15pm Oct 16, 2012 10:15pm
Quoting Ramjet
Hey Trader330.

Just my opinion but I wouldn't be rushing into any position on the Euro for the next several hours until the Frankfurt/London open as Loveevery1 promotes a lot and I totally agree as at this time the Euro would be pretty unpredictable..

Also this would be a CT trade and unless you've got experience and traded for a while it may be very risky for newbies..

Check out this post of LE1's http://www.forexfactory.com/showthre...59#post5751959...
I agree.I just want it to try for the short term profits.But I closed my stoploss to breakeven.I also believe Euro is heading way higher,
  • #9,809
  • Oct 16, 2012 10:23pm Oct 16, 2012 10:23pm
Brother, watch out for divergence in TDI.

Quoting Trader330
Any comments about this trade
If you want your dreams to come true, you better wake up !!!
  • #9,810
  • Edited 11:21pm Oct 16, 2012 10:53pm | Edited 11:21pm
Quoting Trader330
Any comments about this trade
it could work out, but why reverse at this time? consolidate then should watch london action. though i'm not liking the rally after the session, no top is forming yet. bear divergence on 15 min, but the peeks are too far apart, plus price traveled too far from the previous peek. there are 2 different types of divergences, one that is happening right now is an early warning sign by the looks of it, but not an ideal signal for taking trades, imo.

Supply zone right at 3050 area.
  • #9,811
  • Oct 16, 2012 11:31pm Oct 16, 2012 11:31pm
Quoting sashadeol
Brother, watch out for divergence in TDI.
I got out with little profit/
  • #9,812
  • Oct 16, 2012 11:37pm Oct 16, 2012 11:37pm
Quoting pkimnyc
it could work out, but why reverse at this time? consolidate then should watch london action. though i'm not liking the rally after the session, no top is forming yet. bear divergence on 15 min, but the peeks are too far apart, plus price traveled too far from the previous peek. there are 2 different types of divergences, one that is happening right now is an early warning sign by the looks of it, but not an ideal signal for taking trades, imo.

Supply zone right at 3050 area.
I appreciate your long analysis,I got out with little profit. I believe Euro will be heading higher this week and so on. Reverse is risky .I got out with little profit.I will waiting for a long opportunity on retracement.
  • #9,813
  • Oct 17, 2012 1:29am Oct 17, 2012 1:29am
Gibril, why do you take multiple entries instead of just one?

Quoting Gibril
Really..I'm sorrry about that. My humble apology....coz i'm dumb LOVEBEES......

I'm a bit of in mixed up today.

My Script didn't give me correct setting and I've to manually overides it to lock my positions.

That's what happen, when I tried to switch charts. and got you in my way......lol

Same with my GU Trade :- I'm testing this with REAL account, as to see The SL Script is screwing up again.

This is 6 split trades, to see the SL moved in unison...none happened. Esacape with +170.

I need to stop for a while and reinstall...
What is any ocean but a multitude of drops?
  • #9,814
  • Oct 17, 2012 1:56am Oct 17, 2012 1:56am
Lol i asked this exact same question a few days ago. I live in Los Angeles. I suspect we may be close to one another. LO for me is at midnight. I trade from LO to 7am which gives me basically all of the london session and the first 2 hours of NY. I sleep from 7 to 1-2. It's not ideal, and I'm fortunate that my lifestyle allows me to do this. Just know your not alone! I have come to really enjoy working at night. At first I did what you describe and hated it. I can't operate my mind properly after just waking up. Plus trading at night gives me a few hours beforehand to prepare and I enjoy the peace and quiet.

Although I do cheat some nights and rely on my secret stash of Adderall...

Quoting snarlyjack
X-Man and LE1,

I had a couple of thoughts (maybe good-maybe bad).

I'am thinking of changing my trading time ( my time when
LO is 1:00 a.m. and it's getting a little crazy for me to
stay up all night). So I'am thinking of getting up earlier
and start trading at 5:00 a.m. my time or 7:00 a.m.
N/Y time. What do you think of that idea?

Also, I always used Bollinger Bands (14-3 settings) as a take
profit level. Top of bollinger band/bottom of bollinger band).
And the middle of the bollinger bands is kinda a "key" level.
Would...
What is any ocean but a multitude of drops?
  • #9,815
  • Oct 17, 2012 2:25am Oct 17, 2012 2:25am
Hi,

here is a nice dashboard which displays the the price in pips from the 10EMA on M15 chart TF.
There is also an indicator which send out alert.

You can find the indicator and dasboard at this thread:

http://www.forexfactory.com/showthread.php?t=381813

attached chart example shwoing the dashboard.

quite a nice handy tools I use.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: PIPS2MA dashboard.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,816
  • Oct 17, 2012 3:15am Oct 17, 2012 3:15am
hello friends,

i was not around for this one but this could have been the +20 for the day for us rookies. lines on htfs help me to get more structure into it. the set up is still basic. (thanks gibril)


here M15
Attached Image (click to enlarge)
Click to Enlarge Name: oct17ejm15vision.gif Size: 25 KB



here H4
Attached Image (click to enlarge)
Click to Enlarge Name: oct17ejh4vision.gif Size: 30 KB
  • #9,817
  • Oct 17, 2012 3:19am Oct 17, 2012 3:19am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting 99problems
hello friends,

i was not around for this one but this could have been the +20 for the day for us rookies. lines on htfs help me to get more structure into it. the set up is still basic. (thanks gibril)


here M15 Attachment


here H4
Attachment
Hi 99,

I caught that move and the same on EU.

Not sure about the current situation. Starting to look bullish again short term but I am not convinced. No trades at the moment. Waiting and watching.

Newbee opinion.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #9,818
  • Oct 17, 2012 3:22am Oct 17, 2012 3:22am
Quoting Neio
Hi 99,

I caught that move and the same on EU.

Not sure about the current situation. Starting to look bullish again short term but I am not convinced. No trades at the moment. Waiting and watching.

Newbee opinion.

Regards

Neio
hi my friend,

i'm also a newbee..remember that we are above the 200 ema so just wait and see what happens with a patient eye for longs until the PA tells us any different.

love and peace
steph
  • #9,819
  • Oct 17, 2012 3:25am Oct 17, 2012 3:25am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting 99problems
hi my friend,

i'm also a newbee..remember that we are above the 200 ema so just wait and see what happens with a patient eye for longs until the PA tells us any different.

love and peace
steph
I agree at times like this we have to follow the more experienced traders and be more sniper-like. Wait for the opportunity then pounce.

Regards

Neil
An expert is a man who has made all the mistakes which can be made
  • #9,820
  • Oct 17, 2012 3:32am Oct 17, 2012 3:32am
good morning all, afternoon to some,

im new to this thread, somebody said i should check it out
im here to learn the system so i can trade by myself and confidentley.

i have been through the first couple pages looking at the charts posted, looks simple and effecient!
Keep It Simple Stupid
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