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Another simple system - Time-Frame 15

  • #10,181
  • Oct 19, 2012 2:04am Oct 19, 2012 2:04am
Quoting Trader330
I agree. But, I am in Miami now and It is very hard for me to get up at 4.am and trade.
Hows miami?
I want to come there for a nice holiday
X-man the legendary conqueror of markets
  • #10,182
  • Oct 19, 2012 2:06am Oct 19, 2012 2:06am
Quoting hubby7


Just came back home and close both my EJ & EU short for + 17 & + 35 total +52
Daily and even weekly target of 150pips already met
Hi brother Pat thanks for the vouch .It is an honour to receive a vouch from someone like you.
Very nice brother.
whats your pip total for the week already?
X-man the legendary conqueror of markets
  • #10,183
  • Oct 19, 2012 2:06am Oct 19, 2012 2:06am
Quoting X-Man
if we remembered the basic basic rule
Which is trade away from the 200ema we wouldve made lovely pips right now
a nice target wouldve been 1.03500
Only when we about 50pips away from 200ema then we must think about trading towards the 200ema.

If we look at the 4H tf we will see that price is under the 10ema. it went up to the 10ema for the sellers to get in and the the push down happenend.

see how simple it is if we use the 10ema for everything.
you traded already?
London just opened??
Keep It Simple Stupid
  • #10,184
  • Oct 19, 2012 2:08am Oct 19, 2012 2:08am
Am seeing a CT on EU and GU
  • #10,185
  • Oct 19, 2012 2:18am Oct 19, 2012 2:18am
please tell me if i have lost the plot,
E/U G/U E/J

could potentialy be shorted based on the close of the current 15M candle,
close back below the 10EMA
green cross down over red on TDI
green and red below yellow on TDI.

constructive critisism encouraged.
thanx,
Keep It Simple Stupid
  • #10,186
  • Oct 19, 2012 2:18am Oct 19, 2012 2:18am
Quoting Trader330
X-MAN. You posts are very very helpful. Thanks for posting charts and answering questions.I have a question about your short for your post 9972.You also posted Arjun's drawings about bounces and breaks underneath your chart. Was yours basic or advanced setup? I seem to understand the setups when price breaks 10 EMA OR RN retraces back with pin bar and continues in the same direction.But I am having trouble understanding the setups when price bounces and reverses direction.If you can explain the bounces or direct me to previous posts that explains...
No problem buddy

If we look at arjuns drawing thats not for the 10ema setup alone. Thats more for the bigger picture.
If we zoom out more on the 15min TF and see the waves the of how price moves towards an ema and how price moves away from the ema.
Arjuns drawings will tell us when the ema is about to break etc.

go to the daily TF and see where our 10ema is on the daily TF.

Look at my 15min TF. we see how price pushed away from the 200ema and recently if hit resistance and retraced back to the 200ema.
but when ot pushes away and retraces back it doesnt just simply just go there straight. it waves its way to that area.
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X-man the legendary conqueror of markets
  • #10,187
  • Oct 19, 2012 2:30am Oct 19, 2012 2:30am
Quoting Alastair
you traded already?
London just opened??
lol yeah i take quick trades in and out .
Thats 4H 10ema was a very easy trade for a quick 20 pips
You will learn this with time and practice.

Look ay ej 4h 10ema
price is above the 10ema . it came down touched that and now puhing up from the RN.
if you guys took that loong thats another quick 15 to 20pips but be very carful of that. if we go to the daily we will see the previous day candle is a pin candle so im seeing the buyers are out of steam the sellers will come soon.
so the 4H 10ema will break soon and then price will retrace to the daily 10ema
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ej2.jpg Size: 125 KB
X-man the legendary conqueror of markets
  • #10,188
  • Oct 19, 2012 2:36am Oct 19, 2012 2:36am
What was your entry candle on this one? Can you show us on the 15?

Quoting X-Man
lol yeah i take quick trades in and out .
Thats 4H 10ema was a very easy trade for a quick 20 pips
You will learn this with time and practice.

Look ay ej 4h 10ema
price is above the 10ema . it came down touched that and now puhing up from the RN.
if you guys took that loong thats another quick 15 to 20pips but be very carful of that. if we go to the daily we will see the previous day candle is a pin candle so im seeing the buyers are out of steam the sellers will come soon.
so the 4H 10ema will break soon and then price will retrace to...
What is any ocean but a multitude of drops?
  • #10,189
  • Oct 19, 2012 2:39am Oct 19, 2012 2:39am
Quoting Alastair
please tell me if i have lost the plot,
E/U G/U E/J

could potentialy be shorted based on the close of the current 15M candle,
close back below the 10EMA
green cross down over red on TDI
green and red below yellow on TDI.

constructive critisism encouraged.
thanx,
yes you are right in what you are saying with EU and GU.
EJ is still not very clear yet.
EJ is still above the 200ema

You will get it very soon my brother. keep it up and as you come to finishing the thread you will start to see it.
once you see it you will have to practice to set your eyes.
once your eyes are set you will see it as clear as day.
after that you relax and bag the pips
X-man the legendary conqueror of markets
  • #10,190
  • Oct 19, 2012 2:42am Oct 19, 2012 2:42am
Quoting X-Man
I take 10 to 20 pips and go.
I personally dont like to let me trades run.
I take 5 to 10 of these then at the end of the day im sitting with over 100pips.

the trades i allow to run allows turn and takes me out at BE.
I look for my nearest target and make that my target. im happy with small amount of pips a trade.
you are right, X-Man...that is my strategy, too....
but if you have to pay commissions like me-because of tight spreads-you make your broker happy at the end of day with 10-20 trades....
of course he should live high, too if one also does...
I never lose - either I win or I learn...
  • #10,191
  • Oct 19, 2012 2:46am Oct 19, 2012 2:46am
Quoting Xhale12
What was your entry candle on this one? Can you show us on the 15?
I looked for entry on a 5min for this 1.
if you look on the 15min TF price moved too quick to give a perfect entry but i do see a bearish engulfing candle.
if you go to the 5min Tf then you will see the perfect entry at that area.
but traders must not even look at the 5min tf if they still learning the 15min TF.
Attached Image (click to enlarge)
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X-man the legendary conqueror of markets
  • #10,192
  • Oct 19, 2012 2:48am Oct 19, 2012 2:48am
Quoting jdva
you are right, X-Man...that is my strategy, too....
but if you have to pay commissions like me-because of tight spreads-you make your broker happy at the end of day with 10-20 trades....
of course he should live high, too if one also does...
LOL i do pay commisions as well
I prefer to pay a commision rather than a high spread.
This way I make money , they make money and we both a happy family.
X-man the legendary conqueror of markets
  • #10,193
  • Oct 19, 2012 2:51am Oct 19, 2012 2:51am
Quoting X-Man
lol yeah i take quick trades in and out .
Thats 4H 10ema was a very easy trade for a quick 20 pips
You will learn this with time and practice.

Look ay ej 4h 10ema
price is above the 10ema . it came down touched that and now puhing up from the RN.
if you guys took that loong thats another quick 15 to 20pips but be very carful of that. if we go to the daily we will see the previous day candle is a pin candle so im seeing the buyers are out of steam the sellers will come soon.
so the 4H 10ema will break soon and then price will retrace to the daily...
on E/U and G/U
we are below 10ema on 4 hr
but are showing pins pointing down?
Keep It Simple Stupid
  • #10,194
  • Oct 19, 2012 2:52am Oct 19, 2012 2:52am
Quoting jdva
UJ....after breakout now in resistance area, daily close above 79.22 required for longs...IMHO

Attachment
UJ breakout now confirmed...!?
I never lose - either I win or I learn...
  • #10,195
  • Oct 19, 2012 2:55am Oct 19, 2012 2:55am
Quoting Ramjet
Hi ya Fxbloom..

Sorry for going of track again but I was noticing Lmax supply's a few other brokers other than Armada....I was wondering if is supplying them would they have the best quotes most times as less to play with on such tight quotes or is there a certain broker out of all supplied by Lmax that actually gives tighter quotes like say Armada....or would it be a case of the same quotes but a better/reliable platform is the difference??

Appreciate any help advice from yourself or any one else that could enlighten me on these query's

Cheers,
Adrian...
Hi Remjet.

On the lmax website we can read that on the market youhave 28 brokers with lmax liquidity. probably your australian brokers too. in my opinion lmax liquidity is even better solution than ECN because of "last look" (google: last look ECN). download demo of your broker and check the spreads. My commision in armada is 0,002% so 2 euros one way.

Good luck
  • #10,196
  • Oct 19, 2012 2:58am Oct 19, 2012 2:58am
This is my morning trade on EU:
1) look at 4hr tf, the price just touched it
2) then go to 15 min and watch it,
TL is at the same location with RN 1.3050 so it tells me that the probability of a bounce is high! i entered the trade at 1.3053 (SL was 1.3045 (8 pips)) when i saw that the price of first bullish candle did not move downside even for 1 pip!!!
TP was 1.3073 (20 pips) and the trade was executed successfully.
it is a CT trade so i moved my sl to be+1pip after the price reached 10 pips.
That were my actions
Feel free to ask questions!
AND REGARDS,

Roman.
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  • #10,197
  • Oct 19, 2012 3:00am Oct 19, 2012 3:00am
i i went long on EU and GU if u look at 4tf u will see a resistance line and the formation of pin bars showing price being rejected for from going short, also the GU is more than 50pips away from 200ema, also london just open and dey drive the market...correct me if am wrong
  • #10,198
  • Oct 19, 2012 3:02am Oct 19, 2012 3:02am
Just took this short (After the highlighted pin) on G/J and got stopped out at the X.

Daily was a pin and H4 was showing a down move. Took the trade because it was making a pin off the 200 and the H4 10EMA.

Any comments as to why it didn't work out?
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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #10,199
  • Oct 19, 2012 3:04am Oct 19, 2012 3:04am
Quoting X-Man
I looked for entry on a 5min for this 1.
if you look on the 15min TF price moved too quick to give a perfect entry but i do see a bearish engulfing candle.
if you go to the 5min Tf then you will see the perfect entry at that area.
but traders must not even look at the 5min tf if they still learning the 15min TF.
Brother,
the candle you are showing on was a news candle down
  • #10,200
  • Oct 19, 2012 3:04am Oct 19, 2012 3:04am
Quoting Alastair
on E/U and G/U
we are below 10ema on 4 hr
but are showing pins pointing down?
yes bro thats correct.
we have to attack the fear and greed.
where is the fear and greed?
where are they buying or selling?

the answers are all in the thread.
very very easy once you know the answers to these questions.
X-man the legendary conqueror of markets
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