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Another simple system - Time-Frame 15

  • #11,301
  • Oct 26, 2012 5:51am Oct 26, 2012 5:51am
Today's UK Pips = 42
God Bless
Attached Image (click to enlarge)
Click to Enlarge Name: tradeuk261012.jpg Size: 204 KB
  • #11,302
  • Oct 26, 2012 6:14am Oct 26, 2012 6:14am
Example of M15 setup using H1 Pin Bar entry, prev Day O H L C levels, fib -e levels

and R-multiple for targets.

see attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 26 Oct LO+2 26-10-2012 7-02-37 PM.png Size: 43 KB
Click to Enlarge Name: EU 26 Oct EP SL TP 26-10-2012 7-10-51 PM.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,303
  • Oct 26, 2012 6:24am Oct 26, 2012 6:24am
Quoting emmanuel7788
Example of M15 setup using H1 Pin Bar entry, prev Day O H L C levels, fib -e levels

and R-multiple for targets.

see attached.

Pure beauty...
  • #11,304
  • Oct 26, 2012 6:30am Oct 26, 2012 6:30am
Quoting emmanuel7788
Example of M15 setup using H1 Pin Bar entry, prev Day O H L C levels, fib -e levels

and R-multiple for targets.

see attached.
I respectively disagree with your example of a pin bar. Pin bars have small bodies and a long "tail" that is 2-2.5X longer than the body. A trade is taken in the opposite direction of the tail. Better examples are shown above the 03:00 & 04:00 where you have a green PB with a long shadow & 2 candles later a red body with a long wick. Again, I'm not trying to be disagreeable but noobs need to know what good PBs are. p.
  • #11,305
  • Oct 26, 2012 6:31am Oct 26, 2012 6:31am
Quoting deotoknow
eur/jpy lockin my 14 pip and let it runAttachment
Hi Deotoknow,

Would you be so kind and share your minichart indicator with us (the one you have at the bottom of your chart). The one I use has options to show only one moving average... I see yours are showing at least 2. I would really appreciate. Thanks!
  • #11,306
  • Oct 26, 2012 6:39am Oct 26, 2012 6:39am
What a pleasant surprise waited for me this morning, a vouch from the grand master, Arjun! I don't deserve it, since I haven't done enough yet, but I am enormously grateful. Thank you so much! You've made my day!
Attached Image
  • #11,307
  • Oct 26, 2012 6:41am Oct 26, 2012 6:41am
Quoting piprac
I respectively disagree with your example of a pin bar. Pin bars have small bodies and a long "tail" that is 2-2.5X longer than the body. A trade is taken in the opposite direction of the tail. Better examples are shown above the 03:00 & 04:00 where you have a green PB with a long shadow & 2 candles later a red body with a long wick. Again, I'm not trying to be disagreeable but noobs need to know what good PBs are. p.
Yeah, the body should have been 1/2 of what it is.
It is enriching to see so much involvement in this thread.
  • #11,308
  • Oct 26, 2012 6:48am Oct 26, 2012 6:48am
Quoting emmanuel7788
Example of M15 setup using H1 Pin Bar entry, prev Day O H L C levels, fib -e levels

and R-multiple for targets.

see attached.
Hi Emmanuel,

Good chart, properly illustrated, clear and precise, good work friend. Got a lot to learn from you.

Regarding yesterday puzzle, AIO = Aerial Intraday Overview............ you have just shown us how to use it.

Thank and c u

Cheers! and have a nice weekend.

winwin
  • #11,309
  • Oct 26, 2012 6:51am Oct 26, 2012 6:51am
Quoting piprac
I respectively disagree with your example of a pin bar. Pin bars have small bodies and a long "tail" that is 2-2.5X longer than the body. A trade is taken in the opposite direction of the tail. Better examples are shown above the 03:00 & 04:00 where you have a green PB with a long shadow & 2 candles later a red body with a long wick. Again, I'm not trying to be disagreeable but noobs need to know what good PBs are. p.
Cannot see what you just described above.
Please post your chart and explain on your chart.
I want to learn from you too. This will benefit all.
Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,310
  • Oct 26, 2012 6:53am Oct 26, 2012 6:53am
Quoting emmanuel7788
Cannot see what you just described above.
Please post your chart and explain on your chart.
I want to learn from you too. This will benefit all.
Thanks.
I don't think he understands that the pin formed on the 1 hour chart, not the 15 min chart.

Piprac, Go look at the trade I posted a couple hours ago. I have it circled.
What is any ocean but a multitude of drops?
  • #11,311
  • Oct 26, 2012 6:55am Oct 26, 2012 6:55am
Quoting thestriver
Yeah, the body should have been 1/2 of what it is.
It is enriching to see so much involvement in this thread.
Hi ya Thestriver and Piprac..

I'm not sure if we're seeing the correct PB..but this looks pretty good on the hourly TF as he says..On his chart he is showing putting the 4 15min bars together to form a 1Hr PB..
I understand what your saying about a PB with a smaller real body may have been a bit better but going on the context of where it is in the grand scheme of things with the rejection off a nicely trending down 10ema and below the 200ema makes it a very reasonable PB for the situation..

Cheers,
Adrian
Attached Image (click to enlarge)
Click to Enlarge Name: Eur-Usd.png Size: 14 KB
  • #11,312
  • Oct 26, 2012 7:13am Oct 26, 2012 7:13am
Quoting emmanuel7788
Example of M15 setup using H1 Pin Bar entry, prev Day O H L C levels, fib -e levels

and R-multiple for targets.

see attached.
Hi Emmanuel,

Took the same trade this morning - 1hr pin bar, trade taken on break of rising support on 5min, 15min MAs confirming.

- 1hr pin bar
- Rising support on 5min
- Took break of 1.2928
- Added on break of 1.2915
- Often use piv levels for TP (also mid piv levels on some pairs)
- (Currently looks like some of the position will be taken out at b/e)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_5min_26oct2012.jpg Size: 88 KB
  • #11,313
  • Oct 26, 2012 7:18am Oct 26, 2012 7:18am
My trade today on e/u made 60 pips.
We had a lovely pinbar hanging on the daily 10ema. I was expecting price
to come down to D 200ema for a triple bottom.
Waited for some retracement, entered in pullback just above RN. I had two more limit orders at 38.2, and 50% fib. but they didn't get picked up.
Went to bed , woke up to tp.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2012-10-26_07-42-27EUH1.png Size: 32 KB
Attached Image
If you're going through hell, keep going. Winston Churchill
  • #11,314
  • Oct 26, 2012 7:23am Oct 26, 2012 7:23am
Look like we are a group of very delicated students. Even though it's holiday today and couple with a slow market, there is still alot of participants. (+93)

Master Arjun must be feeling...... well, full of satisfaction.

winwin


93 Traders Viewing This Thread (51 are members) WinwinFxhttp://www.forexfactory.com/images/misc/2kt.gif, wonderwomanhttp://www.forexfactory.com/images/misc/5kt.gif, Xhale12http://www.forexfactory.com/images/misc/2kt.gif, Imihttp://www.forexfactory.com/images/misc/10kt.gif, loveevery1+http://www.forexfactory.com/images/misc/10+kt.gif, etc..
  • #11,315
  • Oct 26, 2012 7:25am Oct 26, 2012 7:25am
This thread is addictive isn't it?

Quoting WinwinFx
Look like we are a group of very delicated students. Even though it's holiday today and couple with a slow market, there is still alot of participants. (+93)

Master Arjun must be feeling...... well, full of satisfaction.

winwin


93 Traders Viewing This Thread (51 are members) WinwinFxhttp://www.forexfactory.com/images/misc/2kt.gif,[size=2] wonderwomanhttp://www.forexfactory.com/images/misc/5kt.gif,...
What is any ocean but a multitude of drops?
  • #11,316
  • Oct 26, 2012 7:37am Oct 26, 2012 7:37am
Quoting Xhale12
This thread is addictive isn't it?

Hi Xhale,

Ya man, I am so afraid that those few masters come in and start writting another 20 pages within 15 minutes. Hard time catching up, maybe we must set an alarm.... or EA. What do you think ????

winwin
  • #11,317
  • Oct 26, 2012 7:46am Oct 26, 2012 7:46am
Quoting emmanuel7788
Cannot see what you just described above.
Please post your chart and explain on your chart.
I want to learn from you too. This will benefit all.
Thanks.
I was referring to the chart you posted.
  • #11,318
  • Oct 26, 2012 7:50am Oct 26, 2012 7:50am
Quoting Ramjet
Hi ya Thestriver and Piprac..

I'm not sure if we're seeing the correct PB..but this looks pretty good on the hourly TF as he says..On his chart he is showing putting the 4 15min bars together to form a 1Hr PB..
I understand what your saying about a PB with a smaller real body may have been a bit better but going on the context of where it is in the grand scheme of things with the rejection off a nicely trending down 10ema and below the 200ema makes it a very reasonable PB for the situation..

Cheers,
Adrian
OK, I didn't understand that the PB was on the 1H, I was just going by the posted chart with the candle that was circled. p
  • #11,319
  • Oct 26, 2012 8:10am Oct 26, 2012 8:10am
Quoting piprac
I was referring to the chart you posted.

OK, you missed something.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,320
  • Oct 26, 2012 8:13am Oct 26, 2012 8:13am
This one for Marubozu lovers only:

Always see M15 > H1 > H4 all in one same M15 chart.

You don't need to swicth your chart TF
Attached Image (click to enlarge)
Click to Enlarge Name: AU 26 Oct Marubozu example 26-10-2012 9-01-36 PM.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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