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Another simple system - Time-Frame 15

  • #12,001
  • Oct 31, 2012 10:34am Oct 31, 2012 10:34am
done some EU scalping today for about 30 pips...4 very small wins, no loser...
every little helps...
I believe brother Arjun would agree... 5 pips for sure LOL !?


Attached Image (click to enlarge)
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I never lose - either I win or I learn...
  • #12,002
  • Oct 31, 2012 10:35am Oct 31, 2012 10:35am
Took 2 lots 1.2967 off a WEEKLY pivot line based on:
-Fib retracement
-pivot
-PPA

10 pips stop. Hourly setup. Not exactly according to the M15 TF rule used here.

Love, Ciara
Attached Image (click to enlarge)
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Ideas shape the course of history
  • #12,003
  • Oct 31, 2012 10:36am Oct 31, 2012 10:36am
Quoting Davit
There you go
Notice big white climax bars lot of big money behind and Now its not there.I think big players are out.PA may drift down to 2950 or lower.
Thanks. Noticed the buying climax. Rejection at the top. Nice stop hunt.
  • #12,004
  • Oct 31, 2012 10:36am Oct 31, 2012 10:36am
Key thing for all EU GU shorts once London Closes at 12 Expect (strong possibility) sharp drop.What's holding up bearish moves are London Volume,once that closes gravity will take itself.
GU tittering on the edge of the cliff 6100 until 12pm (I hope one never knows the future 100%)
In trading, you have to be defensive and aggressive at the same time
  • #12,005
  • Oct 31, 2012 10:38am Oct 31, 2012 10:38am
Quoting aryary
Are these valid entries as per current observations? I'm essentially a pattern trader but looking at this to refine entries. Great work by all involved. Thanks

Black arrow on chart indicates the confirming candle, the red horizontal line represents the entry on slight pullback to the 10ema.
Those are valid candle's but all trades were CT that's why bit risky..
  • #12,006
  • Oct 31, 2012 10:43am Oct 31, 2012 10:43am
Quoting Davit
Key thing for all EU GU shorts once London Closes at 12 Expect (strong possibility) sharp drop.What's holding up bearish moves are London Volume,once that closes gravity will take itself.
GU tittering on the edge of the cliff 6100 until 12pm (I hope one never knows the future 100%)
Consolidation first before the drop if they would take it down. This was way too easy. They would need to trap more contracts, I think.
  • #12,007
  • Oct 31, 2012 10:44am Oct 31, 2012 10:44am
+12 on ct.
Closing the day with 92 pips.
tomorrow is friday, have a good weekend everyone.
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If you're going through hell, keep going. Winston Churchill
  • #12,008
  • Oct 31, 2012 10:47am Oct 31, 2012 10:47am
Quoting Imi
+12 on ct.
Closing the day with 92 pips.
tomorrow is friday, have a good weekend everyone.
wht's wrong with u tarzan
  • #12,009
  • Oct 31, 2012 10:48am Oct 31, 2012 10:48am
got stopped out on the spike +11 pips
In trading, you have to be defensive and aggressive at the same time
  • #12,010
  • Oct 31, 2012 10:48am Oct 31, 2012 10:48am
Quoting Ciara
Took 2 lots 1.2967 off a WEEKLY pivot line based on:
-Fib retracement
-pivot
-PPA

10 pips stop. Hourly setup. Not exactly according to the M15 TF rule used here.

Love, Ciara
good luck, Ciara......fortune favours the brave...
I never lose - either I win or I learn...
  • #12,011
  • Oct 31, 2012 10:50am Oct 31, 2012 10:50am
Quoting aryary
Are these valid entries as per current observations? I'm essentially a pattern trader but looking at this to refine entries. Great work by all involved. Thanks

Black arrow on chart indicates the confirming candle, the red horizontal line represents the entry on slight pullback to the 10ema.
You beat me to it... just for learning purposes.

the ones i marked x, re they not valid entry?
Thanks.
Attached Image(s) (click to enlarge)
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  • #12,012
  • Oct 31, 2012 10:55am Oct 31, 2012 10:55am
Quoting Pip26
Those are valid candle's but all trades were CT that's why bit risky..
Pip26 - Thanks

Yeah they were CT setups but I was looking at confluence also

Swissy - Historical s/r and fib 61.8%

Euro - Previous resistance towards same area 1.3022, fib 50%

E/J - Previous resistance 103.90, declining channle resistance on daily.
  • #12,013
  • Oct 31, 2012 10:56am Oct 31, 2012 10:56am
Quoting emmanuel7788
Hi WW,

Good scalp trade.

Continuation setups are not easy to catch.
I was in my trade, so I saw that strong H1 thrust which broke 1.3000 and close pullback 10pips. You took your trade after that H1 candle. That is good as I see it would cover the upper shadow.

I think your entry is a good one as the SL is 10pips and with a quick protection move would be safe.

The risk I saw was the Supply zone near 1.3020 seen on H4.


Good Trade.
Thank Emmanual for your response.
yes it looked good to me, I just find trend continuation trades very difficult, you need nerves of steal to take them. I suppose as a general rule you could take them up to the daily range.

Take Care
ww x
'May God guide you on your life's journey...'
  • #12,014
  • Oct 31, 2012 10:57am Oct 31, 2012 10:57am
Quoting Davit
Yes we should all strive to trade like riding a bicycle after a while training wheels come off (all the indicators)
after that you don't even think about riding anymore it happens.
A debate could go on and on and on about the usefulness or otherwise of indicators, but for now I see everything on the chart as indicators:

Candlestick bars;
Moving averages;
Trendlines etc.

People talk of leading indicators and I'm yet to see that indicator that accurately predicts the next move they all give a calculated presentation of what price is doing per time and we decide price is bullish or bearish.

One thing I doubt I could give up now are Oscillators for their predictive function when showing divergences with price action.

Try a research on DIVERGENCE TRADING and see what you come up with, you cannot trade divergence without indicators and at times divergence forming tells you to exit a trade.

For instance today's charts show divergences which would have proved profitable for anyone taking trades off them.

There was a divergence between points A&B terminated by that between C&D and that in turn terminated by the one between B&E.

All profitable.

So my dear friend don't be too quick to dispense with indicators who knows you might through diligent research come up with a super-duper no frill indicator which would out perform the market.

Till then keep pulling in the pips with whatever you have.
Attached Image (click to enlarge)
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Let it turn and find your entry.
  • #12,015
  • Oct 31, 2012 11:04am Oct 31, 2012 11:04am
Quoting Intrepidpips
A debate could go on and on and on about the usefulness or otherwise of indicators, but for now I see everything on the chart as indicators:

Candlestick bars;
Moving averages;
Trendlines etc.

People talk of leading indicators and I'm yet to see that indicator that accurately predicts the next move they all give a calculated presentation of what price is doing per time and we decide price is bullish or bearish.

One thing I doubt I could give up now are Oscillators for their predictive function when showing divergences with price action....
no indicators can predict the future price moves. Not even with Elliot wave since it offers way too many variables. Not suitable to take trades based on it stand alone. The only leading indication that is available to us retailers is divergence.
  • #12,016
  • Oct 31, 2012 11:05am Oct 31, 2012 11:05am
Good evening Brothers and Sisters,

this thread is really fast that i hardly can read everything, i had some work to be done these days so couldn't make trades, but today i made some nice 50 pips with 3 trades

Check them out,

Regards,

Roman.

I hope you took this candle for nice 10 pips??????
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  • #12,017
  • Oct 31, 2012 11:05am Oct 31, 2012 11:05am
Quoting akin321
You beat me to it... just for learning purposes.

the ones i marked x, re they not valid entry?
Thanks.
mate the way i see it - i had various confluence already in place, hence any bearish scalp was a possibility.

E/J - that candle is diff on your chart to mine? on mine i had a slight finish on the 10ema - also a green candle - looking for a bearish red for confirmation.

Euro - the candle with the cross is the one i highlighted as the confirming candle but entry for me would be the slight pullback to the 10ema.
  • #12,018
  • Oct 31, 2012 11:14am Oct 31, 2012 11:14am
Second Trade today here.
Stop BE. Run Forrest.

Love, Ciara
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Ideas shape the course of history
  • #12,019
  • Oct 31, 2012 11:20am Oct 31, 2012 11:20am
Quoting orko_555
Good evening Brothers and Sisters,

this thread is really fast that i hardly can read everything, i had some work to be done these days so couldn't make trades, but today i made some nice 50 pips with 3 trades

Check them out,

Regards,

Roman.

I hope you took this candle for nice 10 pips??????
Higher TF
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  • #12,020
  • Oct 31, 2012 11:25am Oct 31, 2012 11:25am
Thanks Xman

Quoting X-Man
My setting is 30days.
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