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Another simple system - Time-Frame 15

  • #11,421
  • Oct 27, 2012 3:25pm Oct 27, 2012 3:25pm
just trying to figure out if my approach is completely wrong. stops at the bottom of the range...don't really like how the trade goes against me for some pips though

peace and love
steph

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  • #11,422
  • Oct 27, 2012 3:28pm Oct 27, 2012 3:28pm
my charts are not meant to be educational fellow lovebees...

i'm trying to find the flaws in my approach..

steph
  • #11,423
  • Edited Oct 28, 2012 8:21am Oct 27, 2012 3:51pm | Edited Oct 28, 2012 8:21am
PHX

ref #11062

Looking at your trades on #11399 (excellent again) I realized my 10SMA exactly matches your "10EMA" !?

rorieu



Quoting Phx62
Two trades for the day....
1st trade.....following LO....candle close above the 10EMA...TP 20 pips.....SL 10 pips......closed trade for +9 pips.
2nd trade.....price consolidation....nice pullback bar on H1 (already mentioned by Emmanuel and others)....entered on a cross of the 10EMA......TP20....moved to 50 on strong price action.....SL 10......target of +50 hit.
No trades during NY but looking at the chart....another possible 40+ pips back to the 200EMA....Entry would have been on a close above the 10EMA and pull back above the daily trendline...
  • #11,424
  • Oct 27, 2012 5:59pm Oct 27, 2012 5:59pm
Quoting 99problems
just trying to figure out if my approach is completely wrong. stops at the bottom of the range...don't really like how the trade goes against me for some pips though

peace and love
steph

Attachment
Hey Steph..

Just wondering are you working with these range break outs to try and hold for longer term?
I've always liked the idea of range break outs as they are great for stop placement and to trail trades as a solid support to keep price away from your stop..trying to get a runner is the tricky bit..have you had any luck with getting the runners if you are attempting this type of trading..any ideas or would you be moving stops up under S/R areas along the way?

Trying to get through reading this thread and then Gibril's as I think Gibril's doing a stellar job and growing with great teachings of how he does it as I feel he is trading in this manner or going in that direction..

Cheers,
Adrian
  • #11,425
  • Oct 27, 2012 6:15pm Oct 27, 2012 6:15pm
Quoting Ramjet
Hey Steph..

Just wondering are you working with these range break outs to try and hold for longer term?
I've always liked the idea of range break outs as they are great for stop placement and to trail trades as a solid support to keep price away from your stop..trying to get a runner is the tricky bit..have you had any luck with getting the runners if you are attempting this type of trading..any ideas or would you be moving stops up under S/R areas along the way?

Trying to get through reading this thread and then Gibril's as I think Gibril's...
keeping the runner is doable in trending market. we are stuck in a range now. wait for the market to decide. either up or down.
moving sl should be at the next consolidation top or bottom.
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  • #11,426
  • Oct 27, 2012 6:31pm Oct 27, 2012 6:31pm
Quoting pkimnyc
keeping the runner is doable in trending market. we are stuck in a range now. wait for the market to decide. either up or down.
moving sl should be at the next consolidation top or bottom.
your posts are really sharp......nice look
  • #11,427
  • Oct 27, 2012 6:37pm Oct 27, 2012 6:37pm
Quoting pkimnyc
keeping the runner is doable in trending market. we are stuck in a range now. wait for the market to decide. either up or down.
moving sl should be at the next consolidation top or bottom.
Thanks Pkimnyc..
In general was there any other ways of getting the runners or you feel the markets don't stay in a trend as long to get the follow through moves?...or is it just a matter of trail the stop up under the HH and HL areas and see where the market takes us?
  • #11,428
  • Oct 27, 2012 6:38pm Oct 27, 2012 6:38pm
Quoting roro53
your posts are really sharp......nice look
Hey Roro53..

yeah, I wan't his template lol
  • #11,429
  • Oct 27, 2012 6:51pm Oct 27, 2012 6:51pm
Quoting Ramjet
Thanks Pkimnyc..
In general was there any other ways of getting the runners or you feel the markets don't stay in a trend as long to get the follow through moves?...or is it just a matter of trail the stop up under the HH and HL areas and see where the market takes us?
you can if you can identify the short term trend and be done with that cycle, but i'd rather focus on higher tf to decide then keep the runners. daily, weekly. important thing is.... when stuck in a range like this, there's no clue when this thing is going to break out. if kept the runner from the bottom then you have no trade for over a month.

i did some test between keeping the runner and just day in and out. day in and out method made much more money than keeping the runner.
  • #11,430
  • Oct 27, 2012 6:57pm Oct 27, 2012 6:57pm
Quoting Ramjet
Hey Roro53..

yeah, I wan't his template lol
macd: standard indicator. you can get it easily.
volume: comes with mt4.
  • #11,431
  • Oct 27, 2012 7:01pm Oct 27, 2012 7:01pm
Quoting pkimnyc
you can if you can identify the short term trend and be done with that cycle, but i'd rather focus on higher tf to decide then keep the runners. daily, weekly. important thing is.... when stuck in a range like this, there's no clue when this thing is going to break out. if kept the runner from the bottom then you have no trade for over a month.
Thanks for this

What would be your course of action for holding an instrument that bit longer...
Would you be looking at the Daily, Weekly TF and then using the 4Hr or 15min TF to trail behind the HH and HL areas or be looking for the dominant S/R or congestion areas to trail your stop up using the 10ema and 200ema as a confluence your in the right direction still on a certain TF?
  • #11,432
  • Oct 27, 2012 7:02pm Oct 27, 2012 7:02pm
Quoting pkimnyc
you can if you can identify the short term trend and be done with that cycle, but i'd rather focus on higher tf to decide then keep the runners. daily, weekly. important thing is.... when stuck in a range like this, there's no clue when this thing is going to break out. if kept the runner from the bottom then you have no trade for over a month.
i like this more to the long side on fundamentals from here...apple pinbar, Spain probably asking for it this week

greece and italy look tricky at the moment, but if it breaks 1.2825 and Dow 13,000 then lots of room to the downside

don't think that play is in the cards behind the scenes.....real upside may be after US elections but a lot at stake for a LOT of hedge funds

my take for what that is worth
  • #11,433
  • Oct 27, 2012 7:04pm Oct 27, 2012 7:04pm
Quoting Ramjet
Thanks for this

What would be your course of action for holding an instrument that bit longer...
Would you be looking at the Daily, Weekly TF and then using the 4Hr or 15min TF to trail behind the HH and HL areas or be looking for the dominant S/R or congestion areas to trail your stop up using the 10ema and 200ema as a confluence your in the right direction still on a certain TF?
weekly.
  • #11,434
  • Oct 27, 2012 7:07pm Oct 27, 2012 7:07pm
Quoting roro53
i like this more to the long side on fundamentals from here...apple pinbar, Spain probably asking for it this week

greece and italy look tricky at the moment, but if it breaks 1.2825 and Dow 13,000 then lots of room to the downside

don't think that play is in the cards behind the scenes.....real upside may be after US elections but a lot at take for a LOT of hedge funds

my take for what that is worth
yes, for now... long side is favorable with that pin. however, one thing that concerns me is those humps. let's see. weekly momentum is to the upside still.
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  • #11,435
  • Oct 27, 2012 7:09pm Oct 27, 2012 7:09pm
Hi guys,

Here is the document with pkimnyc posts (also his replies to traders asking him questions) - this trader's market knowledge is very strong! We are blessed to have him here... I am attaching the word version, so you can add his future posts yourself. Download this file if you would like to know more on how volumes, divergences can help you with your trading (in addition to everything else we learned here).

Thank you pkymnc, I learned a lot of new things today, especially when applying your knowledge and performing some back-testing with volumes.

God bless everyone and good luck!
Attached File(s)
File Type: docx pkimnyc's posts.docx   1.2 MB | 668 downloads
  • #11,436
  • Oct 27, 2012 7:14pm Oct 27, 2012 7:14pm
Quoting pkimnyc
weekly.
So we are using the weekly for momentum and trend direction..
How would you fine tune for that final entry and at the same time trailing with the trend and getting a tight stop?
  • #11,437
  • Oct 27, 2012 7:17pm Oct 27, 2012 7:17pm
Quoting ForexNerds
Hi guys,

Here is the document with pkimnyc posts (also his replies to traders asking him questions) - this trader's market knowledge is very strong! We are blessed to have him here... I am attaching the word version, so you can add his future posts yourself. Download this file if you would like to know more on how volumes, divergences can help you with your trading (in addition to everything else we learned here).

Thank you pkymnc, I learned a lot new things today, especially when applying your knowledge and performing some back-testing with...
Hey ForexNerds..

You've done it again!..BIG thanks again for all your great work and taking time out for helping all of us in here

Cheers,
Adrian
  • #11,438
  • Oct 27, 2012 7:19pm Oct 27, 2012 7:19pm
Quoting pkimnyc
yes, for now... long side is favorable with that pin. however, one thing that concerns me is those humps. let's see. weekly momentum is to the upside still.
agree on that limited upside point too.....definitely not shorting here

sharp posts imo
  • #11,439
  • Oct 27, 2012 7:21pm Oct 27, 2012 7:21pm
Quoting Ramjet
Hey ForexNerds..

You've done it again!..BIG thanks again for all your great work and taking time out for helping all of us in here

Cheers,
Adrian
Thanks for showing appreciation every time I upload something my friend . You have some really nice manners! I hope they will help you (the documents) with your trading! Good luck!
  • #11,440
  • Oct 27, 2012 7:24pm Oct 27, 2012 7:24pm
Quoting pkimnyc
this was the actual trades taken 2 years ago. pink lines indicate how the sl was moved.
Awesome!..so your just using a stair step of price on the Daily for adding trades and moving stops up..
Do you actually take the trades off the Daily or your fine tuning down to the 15min TF? for final entry..
You only trade the Euro?
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