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Another simple system - Time-Frame 15

  • #12,401
  • Nov 2, 2012 3:28am Nov 2, 2012 3:28am
Quoting Hercs
==================================

Good morning X-man,

Thank you for replying. Does the fact that the price bounced off the 50-ema on M-15 not constitute legitimacy? If not, why do we use the 50-ema?

Also, the fact that the H1 confirmed the legitimacy by touching the 10-ema, surely the 50-ema is a natural continuation of the 10-ema-H1?

Best wishes,
brother you know the answer to that.
its all there.
You have it , you just have to lock it in your mind.
If you add any ema on the charts you will see bounces off them.
it all depends how we train ourselves to take it.
X-man the legendary conqueror of markets
  • #12,402
  • Nov 2, 2012 3:31am Nov 2, 2012 3:31am
Quoting Xhale12
Something to consider. May see a bounce at this level.
you shouldve stretched that blue support level more to the left as i see resistance became support earlier there.

Guys is this level breaks will we enter straight on the breakout or wait for a breakout , pullback , continuation?
X-man the legendary conqueror of markets
  • #12,403
  • Nov 2, 2012 3:32am Nov 2, 2012 3:32am
Quoting pip4life
Trying to define pint to exit? Mate, please advise me?
Also..... You should not be entering trades unsure of where to take profits. You should always have a set target before the trade is made.
What is any ocean but a multitude of drops?
  • #12,404
  • Nov 2, 2012 3:33am Nov 2, 2012 3:33am
Quoting pip4life
Trying to define pint to exit? Mate, please advise me?
I like to take my pips at RNs. or i look for S&R on the 4h tf or at the next ema.
or you can just make 10 to 15 pips and close
X-man the legendary conqueror of markets
  • #12,405
  • Nov 2, 2012 3:34am Nov 2, 2012 3:34am
Quoting X-Man
you shouldve stretched that blue support level more to the left as i see resistance became support earlier there.
Yes. All the same.

Nice posts lately X. Still going over the last few days but you've offered up some great info as of late.
What is any ocean but a multitude of drops?
  • #12,406
  • Nov 2, 2012 3:49am Nov 2, 2012 3:49am
Quoting X-Man
I like to take my pips at RNs. or i look for S&R on the 4h tf or at the next ema.
or you can just make 10 to 15 pips and close

For me two condition is ok now (move stoploss lower)

Daily chart: below EMA10 & nice pin bar
H4 chart: below EMA10 and break EMA200

please commend for two reason?
Thanks,
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 02 nov 2012 eu - h4.gif Size: 22 KB
  • #12,407
  • Nov 2, 2012 3:55am Nov 2, 2012 3:55am
Quoting pip4life
For me two condition is ok now (move stoploss lower)

Daily chart: below EMA10 & nice pin bar
H4 chart: below EMA10 and break EMA200

please commend for two reason?
Thanks,
Brother personally i would close the trade and take my pips.
I dont have the mindset of holding trades for a long time.
there are some very good traders here especially gibril that holds their positions. you can learn from them.
Read girbils journal.

You also suppose to have a strict trade plan on all this before you take trades.
Better get that trade plan buddy.
FX can be a nightmare or it can be the easiest thing under the sun
its up to us to choose
X-man the legendary conqueror of markets
  • #12,408
  • Nov 2, 2012 4:06am Nov 2, 2012 4:06am
What did this trade fail for just 10 pips when there is a little to upside?
Attached Image (click to enlarge)
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #12,409
  • Nov 2, 2012 4:07am Nov 2, 2012 4:07am
Quoting ataata
Daily chart support your view.
well, I wait till next week to confirm the big move.
now H4 looks pretty.
but we all have NFP party tonight
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12,410
  • Nov 2, 2012 4:07am Nov 2, 2012 4:07am
hi people

comments please on the e/j i was looking at.

- daily above 10ema
- 4hr was holding above 10ema
- 1hr pin
- 15min - 'Arjun candle' held above 200ema and 10ema

Was this a valid signal although a losing one?

Factors for holding off - was moving around the 15min 200ema, euro was in down wards move.

Thanks
Attached Image (click to enlarge)
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  • #12,411
  • Nov 2, 2012 4:12am Nov 2, 2012 4:12am
uhh, just a few pipettes
Attached Image (click to enlarge)
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  • #12,412
  • Nov 2, 2012 4:14am Nov 2, 2012 4:14am
Nail this and got back profit.

Never trade without a STOP LOSS and hoping that price will turn back. As soon as you are stoped out, you will be focus than trying to manage trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gc.gif Size: 17 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #12,413
  • Nov 2, 2012 4:14am Nov 2, 2012 4:14am
guys, sorry i won't be able to contribute much today.
will catch you later/tonight!

watch what our sister ciara does..she's a pip MONSTER

i'll be posting m15 backtest charts tonight for lovebees like me.


peace and love
steph

P.S. up +36 for the day
  • #12,414
  • Nov 2, 2012 4:16am Nov 2, 2012 4:16am
Quoting aryary
hi people

comments please on the e/j i was looking at.

- daily above 10ema
- 4hr was holding above 10ema
- 1hr pin
- 15min - 'Arjun candle' held above 200ema and 10ema

Was this a valid signal although a losing one?

Factors for holding off - was moving around the 15min 200ema, euro was in down wards move.

Thanks

you mean you went long after that H4 IB breakout earlier.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12,415
  • Nov 2, 2012 4:17am Nov 2, 2012 4:17am
1 day trading. 98, 70 pips. not bad considering the weather. have a good weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: euro_177.gif Size: 26 KB
  • #12,416
  • Nov 2, 2012 4:20am Nov 2, 2012 4:20am
Quoting 99problems
guys, sorry i won't be able to contribute much today.
will catch you later/tonight!

watch what our sister ciara does..she's a pip MONSTER

i'll be posting m15 backtest charts tonight for lovebees like me.


peace and love
steph

P.S. up +36 for the day
i thought it was HE....im a dumb head...sorry sister...
Let all the living things live blissfully
  • #12,417
  • Nov 2, 2012 4:22am Nov 2, 2012 4:22am
just had a heavy rejection to the downside. careful with shorts.
  • #12,418
  • Nov 2, 2012 4:23am Nov 2, 2012 4:23am
Quoting X-Man
Brother personally i would close the trade and take my pips.
I dont have the mindset of holding trades for a long time.
there are some very good traders here especially gibril that holds their positions. you can learn from them.
Read girbils journal.

You also suppose to have a strict trade plan on all this before you take trades.
Better get that trade plan buddy.
FX can be a nightmare or it can be the easiest thing under the sun
its up to us to choose

Thanks X-man, I'm always learning from you and other master here. Protect pips, I had out before break.

Good pips for all & nice weekend
Attached Image (click to enlarge)
Click to Enlarge Name: 02 nov 2012 eu - m15.gif Size: 27 KB
  • #12,419
  • Nov 2, 2012 4:23am Nov 2, 2012 4:23am
Quoting pkimnyc
1 day trading. 98, 70 pips. not bad considering the weather. have a good weekend.
Waoooooooooooooooo


We have same entry base on logic but I quit bcos i have bad internet connection and i am reall busy to monitor to confirmation.

Good Job Man
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.gif Size: 15 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #12,420
  • Nov 2, 2012 4:24am Nov 2, 2012 4:24am
Quoting emmanuel7788
you mean you went long after that H4 IB breakout earlier.
Hi emmanuel

yes, was that not a long signal on the points given...would appreciate why it wouldnt have been if thats the case etc. thanks again
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