Odds are with a 4hr KISS | Page 22 | Forex Factory

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Odds are with a 4hr KISS

  • #421
  • Edited 3:25am Oct 18, 2012 3:04am | Edited 3:25am
Here's a sneak peak at the chart setup I use now...

The a break&close below the right shoulder & moving average is going to be KEY as to whether we continue down or not.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15min011.gif Size: 30 KB
  • #422
  • Oct 18, 2012 3:23am Oct 18, 2012 3:23am
Not quite sure how to make a poll question on here so I'll just ask...

Since my adjusted method is similiar to the 4hr, but it uses a 15min chart for entries...do you guys want me to keep posting on here or start a new thread? Thanks for the input!
  • #423
  • Oct 18, 2012 3:33am Oct 18, 2012 3:33am
I think a new thread is better.
  • #424
  • Oct 18, 2012 7:09am Oct 18, 2012 7:09am
Quoting benny99
I think a new thread is better.
I agree, start a new thread. I haven't been very successful with the 4H the last 2 months. p.
  • #425
  • Oct 18, 2012 7:55am Oct 18, 2012 7:55am
Quoting piprac
I agree, start a new thread. I haven't been very successful with the 4H the last 2 months. p.
Sorry to hear it wasn't been very successful. Does that mean there hasn't been a lot of trades? Or has there been a lot of losses? Or is it about 50% winners/50% losers?

I think a lot of things changed during the 2008 financial crisis...the market is a lot more erratic and irrational. So for me personally, the less time in the market = less risk. That's part of the reason I have switched down to a 15min timeframe.


p.s. I will start a new thread for the new method...just bare with me as it may take a few days as my time is limited at the moment.
  • #426
  • Oct 18, 2012 9:15am Oct 18, 2012 9:15am
Quoting Tw0eleven
Sorry to hear it wasn't been very successful. Does that mean there hasn't been a lot of trades? Or has there been a lot of losses? Or is it about 50% winners/50% losers?

I think a lot of things changed during the 2008 financial crisis...the market is a lot more erratic and irrational. So for me personally, the less time in the market = less risk. That's part of the reason I have switched down to a 15min timeframe.


p.s. I will start a new thread for the new method...just bare with me as it may take a few days as my time is limited at the moment....
I'm down 5% in my live acct so switched back to demo. I am looking at a 15M TF strategy but it is a huge thread and traders there are trading everything from the original 15M strategy to the D. all the while adding & deleting indidicators Joining the thread late has made making sense of it nearly impossible. So please, please keep the new thread based around your concept (15M/1H) and if you change the strategy be sure to revise Post #1 or start another thread. thanks for your work and looking forward to the new idea. p.
  • #427
  • Oct 21, 2012 6:07pm Oct 21, 2012 6:07pm
Quoting Tw0eleven
Sorry to hear it wasn't been very successful. Does that mean there hasn't been a lot of trades? Or has there been a lot of losses? Or is it about 50% winners/50% losers?

I think a lot of things changed during the 2008 financial crisis...the market is a lot more erratic and irrational. So for me personally, the less time in the market = less risk. That's part of the reason I have switched down to a 15min timeframe.


p.s. I will start a new thread for the new method...just bare with me as it may take a few days as my time is limited at the...
Glad to see your posting.
Any chance you would share with us why no longer trade H4 tf?

A new thread for your lower tf would be a better option.
What are the MAs?

Cheers
Trade As A Sniper
  • #428
  • Oct 23, 2012 9:39am Oct 23, 2012 9:39am
Quoting Tw0eleven
Sorry to hear it wasn't been very successful. Does that mean there hasn't been a lot of trades? Or has there been a lot of losses? Or is it about 50% winners/50% losers?

I think a lot of things changed during the 2008 financial crisis...the market is a lot more erratic and irrational. So for me personally, the less time in the market = less risk. That's part of the reason I have switched down to a 15min timeframe.


p.s. I will start a new thread for the new method...just bare with me as it may take a few days as my time is limited at the moment....
Let us know in this thread that you have started a new one and then of course the new title - wow, what foresight I dispense.
  • #429
  • Oct 24, 2012 7:37am Oct 24, 2012 7:37am
Here's a chart from today(current)...I managed to short EU at 1.2984 and take 50pips profit. Sorry I haven't started a new thread yet...it's on my "to do" list, I just need to find the spare time. So until then, here's a chart. Also, be careful shorting EU anymore today...support is at 1.2920 right now, also you have some major news later with Draghi speech and US interest rates....price could produce some major swings!
Attached Image (click to enlarge)
Click to Enlarge Name: eu15min012.gif Size: 37 KB
  • #430
  • Oct 24, 2012 7:46am Oct 24, 2012 7:46am
Quoting pama.fx
Glad to see your posting.
Any chance you would share with us why no longer trade H4 tf?

A new thread for your lower tf would be a better option.
What are the MAs?

Cheers
While I think overall, the 4hr tf is less stressful...I just personally prefer to spend less time in the market(less risk). If I can take anywhere from 20-50pips per trade and only be in the trade for a couple hours or less I'm pretty happy. As we all know, the market doesn't move just one way...it's Up and Down...Moves/retraces. I'd just like to take a small amount of those moves...so that's why I switched.

As for the ma's, they are your normal 50ema, 200ema and there is 13ema and 800ema. As we all know, the 50 and 200 are the ones most used by traders. And since I prefer using the 15minutes chart...the 13ema is there because it basically represent the 50MA on the 1hr chart( 13 times 4 = 52...pretty close to the 1hr 50). And the 800 would represent the 50ema on the 4hr chart( 800/4 = 200 on the 1hr and 200/4 = 50 on the 15min). So basically, with those 4 ema's on the 15min chart you get the 15min 50&200, the 1hr 50ema and the 4hr ema. The higher the MA, the stronger the support/resistance normally is.

hope that helps.
  • #431
  • Oct 24, 2012 7:47am Oct 24, 2012 7:47am
Quoting piprac
Let us know in this thread that you have started a new one and then of course the new title - wow, what foresight I dispense.

Will Do!
  • #432
  • Oct 24, 2012 7:54am Oct 24, 2012 7:54am
Opportunity perhaps?
Attached Image (click to enlarge)
Click to Enlarge Name: eu15min013.gif Size: 29 KB
  • #433
  • Oct 24, 2012 8:14am Oct 24, 2012 8:14am
Update...sorry for the delay in this post, but it just takes time to take a snapshot of the chart and make notes on it before I can post it.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15min014.gif Size: 32 KB
  • #434
  • Oct 24, 2012 9:57am Oct 24, 2012 9:57am

Thank you for the explanation
  • #435
  • Oct 24, 2012 11:00am Oct 24, 2012 11:00am
Hi

I really like the system on M15, thankyou for sharing . I am very interested in finding out more. I am interested in finding out more about how the moving averages are used to guage trend. I love the fact that it is very price action focused. Are candlesticks reliable on M15?
  • #436
  • Oct 24, 2012 12:07pm Oct 24, 2012 12:07pm
Quoting dug_forex
Hi

I really like the system on M15, thankyou for sharing . I am very interested in finding out more. I am interested in finding out more about how the moving averages are used to guage trend. I love the fact that it is very price action focused. Are candlesticks reliable on M15?

They are reliable as long as you are backing it up with price patterns, the moving averages, stochastics...and it doesn't hurt to take a quick look at the 1hr and 4hr charts to make sure you aren't trading against any obivious price/candlestick pattern that contradicts the 15min chart.

Again, use MUST use the candlestick patterns WITH other confirmations...not just by themselves. You want 3 or more reasons to enter a trade. Also, if you have 3 or more reasons NOT to enter a trade, it would probably be safer to stay out of a trade. Everyone needs to be disciplined and try to pick the BEST setups...NOT trade every setup!
  • #437
  • Oct 25, 2012 4:20am Oct 25, 2012 4:20am
Quoting Tw0eleven
They are reliable as long as you are backing it up with price patterns, the moving averages, stochastics...and it doesn't hurt to take a quick look at the 1hr and 4hr charts to make sure you aren't trading against any obivious price/candlestick pattern that contradicts the 15min chart.

Again, use MUST use the candlestick patterns WITH other confirmations...not just by themselves. You want 3 or more reasons to enter a trade. Also, if you have 3 or more reasons NOT to enter a trade, it would probably be safer to stay out of a trade. Everyone...

Thankyou so much Tw0eleven. I love the H4 system, very price action focused. I am keen to learn more about the M15 system. Like yourself I find the stop size more attractive in the lower timeframes.
  • #438
  • Oct 27, 2012 10:37pm Oct 27, 2012 10:37pm
Here you go guys, the link for the 15min thread...

http://www.forexfactory.com/showthre...=1#post6138252
  • #439
  • Last Post: Jan 22, 2013 8:56am Jan 22, 2013 8:56am
Quoting Tw0eleven
Here you go guys, the link for the 15min thread...

http://www.forexfactory.com/showthre...=1#post6138252
Care to share why m15 tf instead higher tf h4 / d?
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