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Another simple system - Time-Frame 15

  • #10,201
  • Oct 19, 2012 3:21am Oct 19, 2012 3:21am
short 1.2610.....PA below ema200/800 M15, ema10 H4/H1 and daily pivot....SL at BE
I never lose - either I win or I learn...
  • #10,202
  • Oct 19, 2012 3:25am Oct 19, 2012 3:25am
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,

i was a little early
but i think im starting to understand.
Keep It Simple Stupid
  • #10,203
  • Oct 19, 2012 3:26am Oct 19, 2012 3:26am
Quoting By_Tor2114
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?

Look at pictures
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  • #10,204
  • Oct 19, 2012 3:26am Oct 19, 2012 3:26am
Quoting jdva
short 1.2610.....PA below ema200/800 M15, ema10 H4/H1 and daily pivot....SL at BE
only go for 10 pips at BRN....
I never lose - either I win or I learn...
  • #10,205
  • Oct 19, 2012 3:29am Oct 19, 2012 3:29am
Quoting By_Tor2114
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?

my commenst:

- in M15 TF, pin bars and doji appears all the time. hence they are unrealiable on its own. If you want to use pinbar on M15, that pin bar must be at a significant high or low and the the candles before must not be strong candles.

- D1 PA is above 10EMA and H4 PA flat.

- on M15, use 3-bar CS pattern like trhe one happening now. I am not saying this may work, but it is better than single bar pinbar alone.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,206
  • Oct 19, 2012 3:34am Oct 19, 2012 3:34am
Quoting emmanuel7788
my commenst:

- in M15 TF, pin bars and doji appears all the time. hence they are unrealiable on its own. If you want touse pinbar on M15, that pin bar must be at a significant high or low and the the candles before must not be string candles.

- D1 PA is above 10EMA and H4 PA flat.

- on M15, use 3-bar CS pattern like trhe one happening now. I am not saying this may work, but it is better than single bar pinbar alone.
I agree. Traditionally I wouldn't be so hot to use a pin in M15, but I thought it was one of the ways of this method that we take them when they form at the major MAs.

I suppose it was also coming off the previous daily low and had a little more momentum to blow off.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #10,207
  • Oct 19, 2012 3:35am Oct 19, 2012 3:35am
Quoting orko_555
Brother,
the candle you are showing on was a news candle down
i dont take all news into consideration. i only stay alert if theres red news.
This news wasnt red so i would trade during those times
X-man the legendary conqueror of markets
  • #10,208
  • Oct 19, 2012 3:36am Oct 19, 2012 3:36am
hi,

i came home late last night and had a quick look at US CAD.
when candle closed above adr high level i entered.
was late for 10 pips as i was speaking to my gf. still need to work on my exits. i placed my tp some pips too early but i don't want to complain. SL was 12 pips because of late entry...

have to go to uni now. green pips everyone!

peace and love
steph

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  • #10,209
  • Oct 19, 2012 3:42am Oct 19, 2012 3:42am
Quoting X-Man
i dont take all news into consideration. i only stay alert if theres red news.
This news wasnt red so i would trade during those times
Ah ok i see
Thanks
  • #10,210
  • Oct 19, 2012 3:50am Oct 19, 2012 3:50am
look what just happened at au

and remember his words:

Quoting Imi
G/U M15

Just like Arjun showed us, bounces are getting smaller and smaller
that's how he knows it's gonna break it, that is the 200ema.
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tricky though because of potential support below

peace and love
steph
  • #10,211
  • Oct 19, 2012 3:50am Oct 19, 2012 3:50am
X-man

Are you still using your 3S method at all or are you concentrating on LE's 'ASS' only?

You had great success with your own thread method are you finding this one more productive and /or easier now?

I followed you here from your 3S thread - thanks!

Do charts get any cleaner; only 10ma and 200ma and you've removed the HA candles and the TDI?

Your posts are simply excellent. Please continue when you can even though the repetition must be driving you nuts....

r


Quoting X-Man
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.
  • #10,212
  • Oct 19, 2012 3:51am Oct 19, 2012 3:51am
Quoting 99problems
hi,

i came home late last night and had a quick look at US CAD.
when candle closed above adr high level i entered.
was late for 10 pips as i was speaking to my gf. still need to work on my exits. i placed my tp some pips too early but i don't want to complain. SL was 12 pips because of late entry...

have to go to uni now. green pips everyone!

peace and love
steph

Attachment

Attachment
good trade, steph...I'm out on EA at BE, missed TP for 1 pip....
I wish you a happy day at uni, I will take advantage of our warm weather and go out for playing a round golf...
I never lose - either I win or I learn...
  • #10,213
  • Oct 19, 2012 3:54am Oct 19, 2012 3:54am
Quoting By_Tor2114
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?
Here's on you chart
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  • #10,214
  • Oct 19, 2012 3:56am Oct 19, 2012 3:56am
Hello everyone,
I have no doubt you took the same trade
Just wanted to know did you also enter straight after red candle (which close <10 ema) or wait for retest of 10ema?
Most important for me to know, when we need to wait for retest and when not to wait?
Because in many cases when after close of candle I'am waitting for retest it just moves on so fast that it's just to late to press buy/sell button...

Best regards,
Arunas
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  • #10,215
  • Oct 19, 2012 3:56am Oct 19, 2012 3:56am
Quoting emmanuel7788
my commenst:

- in M15 TF, pin bars and doji appears all the time. hence they are unrealiable on its own. If you want to use pinbar on M15, that pin bar must be at a significant high or low and the the candles before must not be strong candles.

- D1 PA is above 10EMA and H4 PA flat.

- on M15, use 3-bar CS pattern like trhe one happening now. I am not saying this may work, but it is better than single bar pinbar alone.
in M15 TF, pin bars and doji appears all the time. hence they are unrealiable on its own. If you want to use pinbar on M15, that pin bar must be at a significant high or low and the the candles before must not be strong candles.

That's the point you see guys!!!
  • #10,216
  • Oct 19, 2012 3:56am Oct 19, 2012 3:56am
Quoting orko_555
Here's on you chart
Thanks for the input. I did take some pips back off that second pin.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #10,217
  • Oct 19, 2012 3:59am Oct 19, 2012 3:59am
Got in this one. At +10 right now stop at BE because of demand level right below as you mentioned.

Also in EU short, at +16 now with stop at BE. Had a nice 123 pattern on 15 minute chart with rejection off the 50, got in at the first candle to close below 10ema. Anyone else in this one?

Quoting 99problems
look what just happened at au

and remember his words:



tricky though because of potential support below

peace and love
steph
What is any ocean but a multitude of drops?
  • #10,218
  • Oct 19, 2012 3:59am Oct 19, 2012 3:59am
Quoting 99problems
look what just happened at au

and remember his words:







tricky though because of potential support below

peace and love
steph
whats up Steph

if we break through that low can make some nice pippage!!!
Keep It Simple Stupid
  • #10,219
  • Oct 19, 2012 3:59am Oct 19, 2012 3:59am
Quoting Arunaz
Hello everyone,
I have no doubt you took the same trade
Just wanted to know did you also enter straight after red candle (which close <10 ema) or wait for retest of 10ema?
Most important for me to know, when we need to wait for retest and when not to wait?
Because in many cases when after close of candle I'am waitting for retest it just moves on so fast that it's just to late to press buy/sell button...

Best regards,
Arunas
Here you go mate!!!
Congrats!!
You see guys it's happening everytime!!
and RN is the perfect place for TP!!
regards,
Roman
  • #10,220
  • Oct 19, 2012 4:00am Oct 19, 2012 4:00am
Also looking to short EJ soon. Weak bounces off the 200, at hourly resistance, possible H&S forming on 1H. Looks like its going to break very soon.
What is any ocean but a multitude of drops?
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