Another simple system - Time-Frame 15

===================

How about double the spread below the 10-ema, Gibril?

Hello Gibril,

super scalping you did on GJ.

where to place SL?

I use ATR volatility and determine my stop loss and jumping stops during management.

for a visual on the chart, I create a 10pips price channel on the 10EMA.

compare the ATR on M15 over long and recent duration. I usually look at 100, 10 and 5 which are the most recent volatility since we are trading lower TF.

see attached chart.

=================

Hello Steph,

No, I understand why you took your trade. My question was in relation to the last one which you say you would not have traded once the price reached the ADR.

But in theory then, when would you have traded the second long had the price not taken out the ADR?

Hope this is clear enough for you?

Anyone else catch GU move? Great setup. +20

Glad it worked out for you!

I have the same issue. Jumping in to trades before confirmation. I need to exercise more patience.

Neio

Hey Christiansan..

Yes, it is a good idea to focus on a few pairs in the beginning to get the feel of the pair and how a market moves....
After getting more experience in the market you could add a few more pairs and drop a couple maybe as you find the new pairs may play nicer with signals and momentum..
If you are trading the lower TF's it is always good to focus on a couple of pairs as you have to be a lot quicker with the trades for entries and exits....how ever if you trade longer term trades like Gibril, etc.. you have time to look at different pairs and find the best pairs at the time to trade..

A few things to consider if you trade higher TF's maybe it is a good idea to watch a few more pairs as you have time to find a good instrument to trade and manage..also you wouldn't have to worry about the size of the spreads so much due to the fact most people trade for larger pips with the higher TF's.. Also as prices are like waiting for paint to dry on larger TF's at times it could be wise to scout through a few more pairs so impatience doesn't creep in and you look for the best set ups instead of rushing any trade out of impatience because you only want to trade a couple of pairs instead....

On the shorter TF I feel it is definitely in your best interest to trade only a few pairs at any time as you will be trading for smaller pips a lot of the time so tight spreads are of interest so finding the pairs with tight spreads would be a good idea and from there you can add and drop pairs slowly with experience as you find momentum and signals work better in certain pairs.. As you will have to be quick on your feet with shorter TF's it will limit you to only a few pairs as trying to keep track of to many will spread your focus to thinly which in turn may cause losses..

On the days when your nominated markets aren't showing you any signals where you have itchy trigger fingers that's when you could have a look around at different pairs and get the feel of them so as not to get sucked into any of the pairs you trade just because there's no signals at the moment and you just want to trade..

Also great time to back test different pairs to see how they play with your trading plan..

At the end of the day when your making a bucket load of money/pips like the seniors in here you will most probably end up on only a couple of pairs you focus on trading as you will be playing with larger funds and will want to focus your energy on only a few pairs as larger size accounts will play a lot on your psychology as you won't want to mess up with large cash amounts on the line..
where as on smaller accounts people tend to go a bit more shotgun at trading due to not caring as much if they blow a small account so prepared to risk higher %'s on a trade and hold longer just because there return has netted them $40 not taking into account that that trade could be a 20% return on there account which is a great return on any trade..

Cheers,
Adrian

AU after failed evening star followthrough some days ago...
now PA above TL, all emas and fibo61, but in some resistance area...IMHO

USD CHF
setting up for a short
:-)
P

chart might help :-)

Hi all ; i can use greenshot now to post charts.
Ok here is my two cents.
I think it would be good for a newbee to have 4 screens . 1 screen for H15.1 screen for H30, 1 screen for H1 and an other for H4 and daily.
Can you see a pin bar on M30 after 10 ema rejection on EU ? See chart . We ve arjun pin on 15 TF but after a moment.
I can be wrong , any criticism will be good.

Try to understand through pictures. My English is bad to explain.
Basically these are harmonics

http://imageshack.us/a/img706/6063/qwwq.gif
http://imageshack.us/a/img834/8545/qwwwww.gif
http://imageshack.us/a/img12/8925/qwwwwrrrw.gif

Have you ever trade Arjun's method with candle's pattern?
I trade GU just now.
Entry 1 +2.
I know news will be released.
The candles' pattern tells me I can go long.




I am one of the lovebees, correct me please if there is anything wrong.
Thank you.
Green pips to ALL!
Love n Peace

on the DOT...good one...

ATR "5" should be good to start with, with value of 0.1250.

I will look at those ATR again, as the YEN crosses can be VERY volatile compare to the Major.

Thank you for helping me.

Gibril

gu long as it all lines up

Hi ya Xiaoxin..

Yes, trading candle patterns is a good idea with confluence..any thing that helps your own personal trading is always a good thing.. beware though with all shorter TF's, price patterns don't always play nice as more effective on higher TF's so always look for clear patterns that people notice..

Cheers,
Adrian

Thank you for your comments, Adrain.
L n P
Hattie

My first swing trade using this method. Worked out for 62 pips. Decided to close at this resistance level. Calling it a day. If I keep looking at the move GU just made RIGHT after I sold, I am going to get very angry lol.

I think that will be too small for the Major.

My spread is around 0.5 to 1 pips.

I took position for scalping at very fast rate compare to Swing. Sometimes before the actual price crosses the 10 ema on 15M TF.

I re-enter GBPJPY for another 53 pips, scalping again with this time taking 1 pip lower than the last candle swing, ( red)

TP is at R4.: + 53 pips

About doubling the SL below 10 ema, i will look at previous swing and data to see how effective is placing SL at those numbers.

Still looking for ways.........

Thank You for your help.

Gibril.

There's a bounce off the 200ema and trendline (H1 chart)...