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Another simple system - Time-Frame 15

  • #12,061
  • Oct 31, 2012 2:28pm Oct 31, 2012 2:28pm
Quoting Davit
I am holding to see how Asia reacts
added one more short total 3x38.4-5
Yeah, there seems to be plenty of resistance above. I chopped due to time of day for me. Also this lack of correlation between the pairs is most annoying.
  • #12,062
  • Oct 31, 2012 2:30pm Oct 31, 2012 2:30pm
Quoting aryary
Yeah, there seems to be plenty of resistance above. I chopped due to time of day for me. Also this lack of correlation between the pairs is most annoying.
Cable is attracting all the "profit taking" for now
Love to short this as soon as it reaches 6160
In trading, you have to be defensive and aggressive at the same time
  • #12,063
  • Oct 31, 2012 2:32pm Oct 31, 2012 2:32pm
Quoting Ciara
Trade #3..long 2950..stop below daily ADR. I promise to be the last new position today - must be for the excitment from reading your thread, guys.

Love, Ciara
Yeah stop! Lol

I saw couple of situations I was considering as I was catching up on the thread - but i try to stay away from these trading times (though i took aussie). Rather go have some nice cold beers and slip in some sheesha now!
  • #12,064
  • Oct 31, 2012 2:32pm Oct 31, 2012 2:32pm
Quoting Ciara
Trade #3..long 2950..stop below daily ADR. I promise to be the last new position today - must be for the excitment from reading your thread, guys.

Love, Ciara
Just add couple of stars and it will be perfect Christmas tree
In trading, you have to be defensive and aggressive at the same time
  • #12,065
  • Oct 31, 2012 2:34pm Oct 31, 2012 2:34pm
Quoting aryary
Yeah, there seems to be plenty of resistance above. I chopped due to time of day for me. Also this lack of correlation between the pairs is most annoying.
Agreed mate, GBP especially strong. Tempted to take the UC position..but promise is a promise. Enuff for tdy. 137 pips bagged and 3 positions running..its been a long day.

Ciara
Ideas shape the course of history
  • #12,066
  • Oct 31, 2012 2:40pm Oct 31, 2012 2:40pm
Quoting Ciara
Agreed mate, GBP especially strong. Tempted to take the UC position..but promise is a promise. Enuff for tdy. 137 pips bagged and 3 positions running..its been a long day.

Ciara
you know what they say bend the iron when its hot.Your are hot now why stop?
In trading, you have to be defensive and aggressive at the same time
  • #12,067
  • Oct 31, 2012 2:41pm Oct 31, 2012 2:41pm
Quoting Davit
Just add couple of stars and it will be perfect Christmas tree
Sorry for that mate, havent been using MT4 for ages..will make a more decent template after the Xmas time.

Ciara
Ideas shape the course of history
  • #12,068
  • Oct 31, 2012 2:43pm Oct 31, 2012 2:43pm
Quoting Ciara
Agreed mate, GBP especially strong. Tempted to take the UC position..but promise is a promise. Enuff for tdy. 137 pips bagged and 3 positions running..its been a long day.

Ciara
Nice one - plenty of pips there!

Bit of a slow day for me in terms of pips but very positive in terms of entry style. On live only took the aussie wedge break and this rising support retest. All 4 CT trades highlighted as per thread rules worked out nicely.
  • #12,069
  • Oct 31, 2012 3:31pm Oct 31, 2012 3:31pm
Quoting ejiexe
This is what Pips26 did.

Quiz time for LOVEBEES

Can anyone LOVEBEES tell us the name of the person that show this type of setup on this thread?


One is everthing and everything is one
Many thanks to Assange for showing us SEMPOI style! Perfect match between the TDI and PA!
  • #12,070
  • Oct 31, 2012 3:54pm Oct 31, 2012 3:54pm
I wish could have seen this FIB price projection today. Correlated with S/D area, it could have been the perfect exit point.

Remain a good exercise for future trades...
Attached Image (click to enlarge)
Click to Enlarge Name: EU 161.gif Size: 20 KB
  • #12,071
  • Oct 31, 2012 4:17pm Oct 31, 2012 4:17pm
closed my AU 3 shorts from 38.4 after huge swap fees spread collected +12 pips nothing to write home about
I don't like the PA anymore on short.I think there is lot of room to go up tonight.
In trading, you have to be defensive and aggressive at the same time
  • #12,072
  • Oct 31, 2012 5:16pm Oct 31, 2012 5:16pm
Hello fellow LOVEBEES,

here are some of the obvious set ups from today..
verify them always with higher timeframes please.

1st one: GU - m15 attached (verified on H4, check yourself please, there seemed to be some support? how can we find out if there is support on the chart, fellow lovebees?

Attached Image (click to enlarge)
Click to Enlarge Name: oct31m15gubacktest.gif Size: 24 KB





2nd: GJ - m15 attached (verified on H1, check yourself please, what happened here?)

Attached Image (click to enlarge)
Click to Enlarge Name: oct31m15gjbacktest.gif Size: 28 KB




3rd: EJ - m15 attached (verified WHERE?, check please, why was this CT legitimate? also, there is a pinbar very close to the one i marked in white, what's up with this one?)

Attached Image (click to enlarge)
Click to Enlarge Name: oct31m15ejbacktest.gif Size: 26 KB




Please learn and share

Peace and love
Steph

P.S. only backtests, could only take 1 trade myself today because I don't have much time. Posted it earlier today on UCAD if someone is interested. +22 on 200 ema bounce
  • #12,073
  • Oct 31, 2012 5:19pm Oct 31, 2012 5:19pm
LOVEBEES!

i know you are out there...

there are many many good and experienced traders these days on this thread and they post. you might be overwhelmed by the trades they take...

i am overwhelmed. i am still a complete LOVEBEE (i'm getting close to 5 months now)

PLEASE DO NOT RUSH THINGS... there are several setups discussed in this thread and it gets confusing for us lovebees sometimes...

i used to be like you. just reading everything. i noticed that i learn quicker once i start posting my chart. pros will help you.

please learn and share and don't try to rush things. we need to learn the basics first

peace and love
steph
  • #12,074
  • Oct 31, 2012 6:44pm Oct 31, 2012 6:44pm
Quoting 99problems
Hello fellow LOVEBEES,

here are some of the obvious set ups from today..
verify them always with higher timeframes please.

1st one: GU - m15 attached (verified on H4, check yourself please, there seemed to be some support? how can we find out if there is support on the chart, fellow lovebees?
I'll take a shot.

On the GU 4h we are bouncing off the monthly s2 line, also the trendline from last week's low and previous low, TDI crossing up, and price penetrating the 50 and 10 ema's, then a crossing of the TDI up on 15m as well.

Attached Image


I'll try the other in next post if everyone is sleeping across the pond.
  • #12,075
  • Oct 31, 2012 7:06pm Oct 31, 2012 7:06pm
Quoting 99problems
Hello fellow LOVEBEES,

2nd: GJ - m15 attached (verified on H1, check yourself please, what happened here?)
On GJ 1h the price is supported by the 10 ema and the trend line from yesterdays low. What else?
Attached Image
  • #12,076
  • Oct 31, 2012 7:31pm Oct 31, 2012 7:31pm
Quoting 99problems


3rd: EJ - m15 attached (verified WHERE?, check please, why was this CT legitimate? also, there is a pinbar very close to the one i marked in white, what's up with this one?)
The price is bouncing against the monthly r2 and then the pin goes right up against it to return below the 10 ema and there is a TDI bounce. Nice pin bar on the 1h against the r2 as well.
Attached Images
  • #12,077
  • Oct 31, 2012 7:42pm Oct 31, 2012 7:42pm
HI,

Here is another way how you can spot price correction / reversal.
The TDI -Price Divergence usually occur after strong price rally and the TDI (using period 13 setting) will show the Price Line green line breaking out of the Volatility Band blue band and then re-enters the VB as price converge. ***Do not enter a trade simply with TDI cross!
When the TDI PL re-enters the VB ... note that price continues Upwards but the TDI PL continues downwards.

This is an opportunity when we will look for the Divergence with TDI cross and with the use of 3-bar CS patterns, we can spot high probability setups.

Yesterday's EU was a good example for an early entry using this method.

Do your own back testing and make a count of how many times this type of Divergence happened for EU during the past 10 months. And for each of this setups, what would the entry level be and what was the range of the price move. Learn from these.

Enjoy the Learning!
Attached Image (click to enlarge)
Click to Enlarge Name: EU TDI Divergence 31 Oct AM.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12,078
  • Oct 31, 2012 8:18pm Oct 31, 2012 8:18pm
[quote=Intrepidpips;6149938]
Quoting pkimnyc
no indicators can predict the future price moves. Not even with Elliot wave since it offers way too many variables.

I consider it -Elli Wave, hocus pocus and subjective prognostication

Maybe I should really sit down and study it but for now divergence is so much fun especially when you spot it in real time across multiple time frames.
don't get me wrong. elli hocus pocus can come in handy, but only at a certain segment of market conditions.
  • #12,079
  • Oct 31, 2012 8:22pm Oct 31, 2012 8:22pm
Great charts insights and teachings Emmanual! Great work in line with Arjun's teachings! Much appreciated
P

Quoting emmanuel7788
HI,

Here is another way how you can spot price correction / reversal.
The TDI -Price Divergence usually occur after strong price rally and the TDI (using period 13 setting) will show the Price Line green line breaking out of the Volatility Band blue band and then re-enters the VB as price converge. ***Do not enter a trade simply with TDI cross!
When the TDI PL re-enters the VB ... note that price continues Upwards but the TDI PL continues downwards.

This is an opportunity when we will look for the Divergence with TDI cross and with the...
  • #12,080
  • Oct 31, 2012 8:32pm Oct 31, 2012 8:32pm
I'm a bit confused about the rules
rules stated that we only take long if candle is above 200ema
and shorts when candle is below 800ema

so what happens when candle is above 800 and 200 ema
example like now in GU where 200 ema is above 800 and candle is above both of them

do we take long only ? no shorts ?

Attached Image
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