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Another simple system - Time-Frame 15

  • #10,781
  • Oct 23, 2012 4:07am Oct 23, 2012 4:07am
Quoting Alastair
so we have had a little pull back up here to about the 38% fib from todays down move.
going to watch this 15M candle close and see for a possible short down to test the low.

what you guys think??

below is strong support ... D 10EMA and yesterday's Open/Low.

if I see 3-bar bearish setup, i may consider short. but the support is strong.... not much room to take +R.

I'll wait ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,782
  • Oct 23, 2012 4:13am Oct 23, 2012 4:13am
anyone want to short AU on M15 now seeing the pin bar at 10EMA?

what are the risks?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,783
  • Oct 23, 2012 4:18am Oct 23, 2012 4:18am
Quoting Alastair
so we have had a little pull back up here to about the 38% fib from todays down move.
going to watch this 15M candle close and see for a possible short down to test the low.

what you guys think??
Look at 1hr tf, you will see that bearish candle could not close below 200 ema on 1hr and next candle rejected it.
  • #10,784
  • Oct 23, 2012 4:20am Oct 23, 2012 4:20am
Quoting emmanuel7788
anyone want to short AU on M15 now seeing the pin bar at 10EMA?

what are the risks?
good question!
The risks are, I think that price will try 800 MA and 50 MA , could be an abc corrective wave of the down move.
Also confluence wit Eu, EU not breaking lower.

I looking for fail of 800
P
  • #10,785
  • Oct 23, 2012 4:21am Oct 23, 2012 4:21am
Quoting emmanuel7788
you SELL below 800EMA and now looking if it will break below that 800EMA, right?

selling into support is why many traders fail.
same for those who buy into resistance.

Fundamental of trading is:

BUY LOW
SELL HIGH.

easy to say, but how to do?

Tnx mate. But hey...I'm still learning! Go easy.....hahaha!
  • #10,786
  • Oct 23, 2012 4:21am Oct 23, 2012 4:21am
No movement in the market....i will take one trade during NY...thats all...
Let all the living things live blissfully
  • #10,787
  • Oct 23, 2012 4:23am Oct 23, 2012 4:23am
I went short on AUD/USD with tight stop loss.It wasn't smart...

DAX up, EUR/USD up, AUD/USD up....

EUR/USD - 1h closed above 200EMA (15min).


Too late for Long, im waiting for another setup now.
  • #10,788
  • Oct 23, 2012 4:27am Oct 23, 2012 4:27am
Folks watch it before you take a trade now....its been over 3 hours and LO has barely moved....may be no big movement is waiting...i dont personally take a trade if the LO doesnt move within 2 hours after open...Keep your money for NY....im expecting nice moves ....

Just relax and go for cofee or soemthing....lol
stay blessed
Let all the living things live blissfully
  • #10,789
  • Oct 23, 2012 4:29am Oct 23, 2012 4:29am
Quoting emmanuel7788
anyone want to short AU on M15 now seeing the pin bar at 10EMA?

what are the risks?
the pin on this current 15M candle not tempting?
Keep It Simple Stupid
  • #10,790
  • Edited 4:42am Oct 23, 2012 4:32am | Edited 4:42am
good morning to all of you, friends!

didnt have time to contribute to this threat, however, been watching it with great interest and very impressed!

i just took a trade short 9.45am gmt candle eur/jpy. could anybody please comment what went wrong there? i can see a bit of support from yesterday in that area, where it bounced up but then it rejected round number, 10 and 200 ema
anybody else took the same trade as me?
Attached Image (click to enlarge)
Click to Enlarge Name: 23 october trade.gif Size: 36 KB
  • #10,791
  • Oct 23, 2012 4:32am Oct 23, 2012 4:32am
Quoting Freak
I went short on AUD/USD with tight stop loss.It wasn't smart...

DAX up, EUR/USD up, AUD/USD up....

EUR/USD - 1h closed above 200EMA (15min).


Too late for Long, im waiting for another setup now.
U May not be wrong yet, couple of 15 min pins taking it under BRN. One way or other soon i feel
P
  • #10,792
  • Oct 23, 2012 4:38am Oct 23, 2012 4:38am
Quoting Freak
I went short on AUD/USD with tight stop loss.It wasn't smart...

DAX up, EUR/USD up, AUD/USD up....

EUR/USD - 1h closed above 200EMA (15min).


Too late for Long, im waiting for another setup now.
Why would you close the trade? Gave no signal of reversing and heavy resistance above.

I got in as well, at BE now.
What is any ocean but a multitude of drops?
  • #10,793
  • Edited 4:42am Oct 23, 2012 4:39am | Edited 4:42am
Quoting emmanuel7788
anyone want to short AU on M15 now seeing the pin bar at 10EMA?

what are the risks?

hi,
i would guess eu support just below and its ability to pull au in the same direction. also a retest of 800ema would be nice.

have to pay attention in class again (marketing is so dull and boring compared to trading though lol)

peace & love
steph
  • #10,794
  • Oct 23, 2012 4:41am Oct 23, 2012 4:41am
Quoting 99problems
hi,
i would guess eu support just below and it's ability to pull au in the same direction. also a retest of 800ema would be nice.

have to pay attention in class again (marketing is so dull and boring compared to trading though lol)

peace & love
steph

hello brother,

in Uni must pay attention to lectures and not look at PC and charts.LOL

plenty of opportunities this week.... after yesterday' market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,795
  • Oct 23, 2012 4:41am Oct 23, 2012 4:41am
Quoting Xhale12
Why would you close the trade? Gave no signal of reversing and heavy resistance above.

I got in as well, at BE now.
My Stop Loss was reached by 1 pips (spread!).
  • #10,796
  • Oct 23, 2012 4:41am Oct 23, 2012 4:41am
Quoting Mr.Deghayes
i have read the thread especially the first pages over and over again, in fact i just came back from reading, its just that i thought it would be to use the bounces off 200ema as entry indicators as looking at my chart it works.

but when you said trading away from 200ema that in itself confused me a bit, the other thing in the first page it said w trade away from 200ema so what does it mean?
Its easy brother
What i mean by that is that when PA below the 200ema we will trade short to trade away from the 200ema and if PA above the 200eme then we will trade long to trade away from the 200ema

then when PA is far from the 200ema about 50pips and if it hits an impotartant level on the daily of 4H TF then wenexpect PA to retrace back to the 200ema

This is trading with the flow. Once you practice tghis enough you will be able to flow with the market easily
X-man the legendary conqueror of markets
  • #10,797
  • Oct 23, 2012 4:44am Oct 23, 2012 4:44am
Aud underway, if 90 breaks might run to ADR at 0273
P
  • #10,798
  • Oct 23, 2012 4:46am Oct 23, 2012 4:46am
Quoting emmanuel7788
anyone want to short AU on M15 now seeing the pin bar at 10EMA?

what are the risks?

hi,

here is my 2nd trade on AU

it is my fav 3-bar setup ...
Attached Image (click to enlarge)
Click to Enlarge Name: AU 23 Oct 2nd trade 23-10-2012 5-42-47 PM.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,799
  • Oct 23, 2012 4:48am Oct 23, 2012 4:48am
Quoting emmanuel7788
hi,

here is my 2nd trade on AU

it is my fav 3-bar setup ...
very neat!
Keep It Simple Stupid
  • #10,800
  • Oct 23, 2012 4:50am Oct 23, 2012 4:50am
Quoting Alastair
very neat!

now watch GU ... if you get a good enrty with small SL ... go for it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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