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Another simple system - Time-Frame 15

  • #12,641
  • Nov 4, 2012 2:28am Nov 4, 2012 2:28am
New guy here. Love the simplicity of this system. Been following a similar version of this system for a while now.

Just a quick question for everyone. How many trades do you guys do per day on average and how many hours do you trade?

I just want to get an idea on how often you guys get signals to trade. As for myself, I plan on making, anywhere from 1-3 trades per day in a a 4 hour period, as I work during the day.

I look forward to participating in this journal and hopefully we can accelerate our learning together.
  • #12,642
  • Nov 4, 2012 2:29am Nov 4, 2012 2:29am
Sometimes most simple things hit you in the head then you get that ahhhhh moment?
That happened to me when I came across this channel indi this morning.
Beauty of it notice how beautifully parallel channel is and how beautifully angle is.If you switch to higher TF same.Lower? same.
But I really love is how it divides the channel into two equal halves.Now notice how at 50% from either L or H Price either continues or bounces off.
One can take TP at 50% partially or cover the trade and then let it ride until the edge of TL.
I never looked tL with such crystal clear realization and this simple indi just opened my eyes to obvious.
Now in my chart I got 200EMA only Volume and channel indi.That''s it.You might be thinking bolinger bands do the same.They don't.
You can do what you like with this but I find it has ton of potential.I can't wait to trade with this.
Logically its 50% Fib retrace rather powerful or 61.8 and seeing it in clear view is beautiful.
http://www.forexfactory.com/attachme...1&d=1351955780
Attached File(s)
File Type: mq4 Sonic SHI Channel MTF.mq4   9 KB | 506 downloads
In trading, you have to be defensive and aggressive at the same time
  • #12,643
  • Edited 3:08am Nov 4, 2012 2:56am | Edited 3:08am
Quoting Davit
Sometimes most simple things hit you in the head then you get that ahhhhh moment?
That happened to me when I came across this channel indi this morning.
Beauty of it notice how beautifully parallel channel is and how beautifully angle is.If you switch to higher TF same.Lower? same.
But I really love is how it divides the channel into two equal halves.Now notice how at 50% from either L or H Price either continues or bounces off.
One can take TP at 50% partially or cover the trade and then let it ride until the edge of TL.
I never looked tL...
Hi,

and you can have the higher TF's channel also drawn on you chart. But I will the EMA(10) also have on my chat this just so useful :-)

take care,
thrax
Attached Image (click to enlarge)
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  • #12,644
  • Nov 4, 2012 3:20am Nov 4, 2012 3:20am
Hi i have a doubt for reentry in trade
if someone can clarify me ....
if i have understand something correct hehe
thanks

this is the image
http://www.forexfactory.com/attachme...4&d=1351766416

this the doubt

the last info i have studied the yellow line that means the breakout
my question are

at pin bar n° 2 i'll have to entry when the price touch the 10 ema (and in this case the candle that 's forming is a blue candle i don't say where it close) or i'll have to attend the close for confirm the entry?

on the pinbar n° 3 i'll entry at the touch of the yellow break line or attend if touch the 10 ema or attend the close of the candle?
Attached Image (click to enlarge)
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  • #12,645
  • Nov 4, 2012 3:33am Nov 4, 2012 3:33am
Quoting cristiansan
Hi Emmanuel,

I have spotted something which seems very promising. My reasons to watch for long here:

1) div on H1 (last 16 candles)
2) div on H4
3) price reached the 161 fib price extension
4 price reached the bottom line of the Equidistant channel.

What do you think? If PA at EMA10 will confirm, is it a good spot for long?
Thank you in advance!

Quoting emmanuel7788
Attach is what my chart would look like using D channel and H4 channels.
Note, every turning point must be confirm with a TDI cross.

On H4, the divergence is not confirm until you see a TDI cross.

Did you follow how this pair closed on Friday 2 Nov?

Watch this pair next week.

draw those D and H4 channels as shown in the chart below.

same game plan ... 10EMA on all TFs > D, > H4 ...then M15.
..for small SL.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12,646
  • Nov 4, 2012 3:39am Nov 4, 2012 3:39am
Quoting Ramjet
Emmanuelllllll!!...what's the answer??
Hey,

Sunday is not over yet.
Let some others do their weekend exercise.

Sorry I am testing your patience.
But I promise you this is useful stuff which can help you "Let Profits Run" in Swing trading.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12,647
  • Nov 4, 2012 3:44am Nov 4, 2012 3:44am
One more view on the market by newbie. As my English is poor I think picture will tell more than my words....

I think teacher himself wrote one is all and all is one!
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  • #12,648
  • Nov 4, 2012 3:51am Nov 4, 2012 3:51am
Quoting emmanuel7788
Hey,

Sunday is not over yet.
Let some others do their weekend exercise.

Sorry I am testing your patience.
But I promise you this is useful stuff which can help you "Let Profits Run" in Swing trading.

Regards,
Cool!!..I'm much liking this idea!


On another point I was just wondering this post http://www.forexfactory.com/showthre...40#post6154840 you said use the Equidistent tool in MT4..I couldn't find it..Is it an indicator we have to download??
  • #12,649
  • Edited 4:10am Nov 4, 2012 4:08am | Edited 4:10am
Quoting Ramjet
Cool!!..I'm much liking this idea!


On another point I was just wondering this post http://www.forexfactory.com/showthre...40#post6154840 you said use the Equidistent tool in MT4..I couldn't find it..Is it an indicator we have to download??
It is bult-in the mt4. Using the right mouse button ot the toolbar of the first pic you can select this feature. Please see the pics.

take care,
thrax
Attached Image(s) (click to enlarge)
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  • #12,650
  • Nov 4, 2012 4:23am Nov 4, 2012 4:23am
Quoting emmanuel7788
Did you follow how this pair closed on Friday 2 Nov?

Watch this pair next week.

draw those D and H4 channels as shown in the chart below.

same game plan ... 10EMA on all TFs > D, > H4 ...then M15.
..for small SL.
Thx, emmanuel, nice pair to watch for swing shorts as well,
if it retraces back in the 1.5600-50 area where the 3 emas10,50,100 might meet just above that level...

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I never lose - either I win or I learn...
  • #12,651
  • Nov 4, 2012 5:41am Nov 4, 2012 5:41am
Quoting thrax
It is bult-in the mt4. Using the right mouse button ot the toolbar of the first pic you can select this feature. Please see the pics.

take care,
thrax
ahh cool...thanks Thrax!

Is that the same indicator on your chart as I see you have a mid line dotted in..do I have to add something??

Thanks for your help..
  • #12,652
  • Nov 4, 2012 5:42am Nov 4, 2012 5:42am
Quoting Ramjet
Hi ya Akin..

I hate to burst your bubble but trading is a long process and you can't have the greed to get your money back as you will get no where...I should know as I have lost more accounts than I care to mention and to much money to mention

Cheers,
Adrian

Thanks Adrian, I'm in no rush to recover all my loss, I have been around since 2007, so i know better. I know its not about how long but how well done.

Having to start with no mentor is the hard part, you get to try out a whole lot of stuffs "good and not so good" and it hard sometime to drop old bad trading habit.

I'm sticking to the thread since i have always traded with MA's plus i like the action in LTF, so it's kind of no brainer to gravitate towards this thread.

Cheers
Akin
  • #12,653
  • Nov 4, 2012 6:04am Nov 4, 2012 6:04am
Quoting Ramjet
ahh cool...thanks Thrax!

Is that the same indicator on your chart as I see you have a mid line dotted in..do I have to add something??

Thanks for your help..
Hi,

these are the channels which was posted in the post http://www.forexfactory.com/showthre...66#post6160166
These can be useful tools, but the manually drawn channels have always a higher level of reliability because of human intellgence is also involved.

take care,
thrax
  • #12,654
  • Nov 4, 2012 6:05am Nov 4, 2012 6:05am
Hey Akin..

Quote
I'm in no rush to recover all my loss, I have been around since 2007, so i know better. I know its not about how long but how well done.
Sounds like you've been around a while like myself and been through the horrors of Trade Warfare!

Quote
Having to start with no mentor is the hard part, you get to try out a whole lot of stuffs "good and not so good" and it hard sometime to drop old bad trading habit.
lol, I'm starting to see a mirror image here.. I'm exactly the same..I was around at the end of the techno bubble and trading shares while teaching myself and breeding bad habits along the way.. I made good money trading shares but then I did currencies and.... Gulp!, I was like a Magician making all my cash disappear..

Quote
I'm sticking to the thread since i have always traded with MA's plus i like the action in LTF, so it's kind of no brainer to gravitate towards this thread.
Yep, I know where your coming from!

Trust me I feel you've stumbled into the right thread now as it seems like this is the type of trading you like with the Bonus of....Great trading methods..Great teachers and altogether awesome caring, helpful people..you've done yourself a really big favor by coming here..
Now it's just a matter of reading the whole thread and asking questions and putting in the hours of time required and your on your way to that financial freedom and friends that we all seek in our lives..

Cheers,
Adrian
  • #12,655
  • Nov 4, 2012 6:22am Nov 4, 2012 6:22am
Quoting thrax
Hi,

these are the channels which was posted in the post http://www.forexfactory.com/showthre...66#post6160166
These can be useful tools, but the manually drawn channels have always a higher level of reliability because of human intellgence is also involved.

take care,
thrax
Great!..thanks for your help and explaining Thrax..much appreciated!
  • #12,656
  • Edited 8:42am Nov 4, 2012 8:22am | Edited 8:42am
Quoting emmanuel7788
Hi,

Your weekend exercise on EURUSD:
Previous day's low + first pull back area after breaks
  • #12,657
  • Nov 4, 2012 8:23am Nov 4, 2012 8:23am
Quoting emmanuel7788
Hi,

Your weekend exercise on EURUSD:
hi brother,

thanks for this exercise. here's my take:

1stchart: first blue horizontal line is support, formed by candle low of the previous day. second blue horizontal line same game , just the day before that.
2nd chart: same story, just for better vision

another thing: looking at daily candles that have a shadow to to the downside/upside, i like going to the 4hTF or 1hTF to see if more than 2 candles formed at that point with their shadow. this would indicate S/R.

can't wait for the answer LOL.

peace and love
steph

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  • #12,658
  • Nov 4, 2012 8:29am Nov 4, 2012 8:29am
From what I researched, it is the BAR chart and no indicator.....

I may be wrong ....


Quoting 99problems
hi friends,

does anyone have or know an OHLC indicator that is not simply lines on the chart? i don't want to mess up my charts with lines everywhere lol.

i tried some but most of them mess up the simple picture of the charts..

peace and love
steph
If you want your dreams to come true, you better wake up !!!
  • #12,659
  • Nov 4, 2012 8:50am Nov 4, 2012 8:50am
I will tell you what my friend...i actually wanted someone to bring this up..this was posted very long ago.

My decision is quite simple mate...at around 11am my time i open my mt4.

see where the price is on the htf...first...daily....if its above 10ema i will expect the price to continue in its direction.(so long here).unless its approaching a major resistance line.if it near a major resistance line i will obviously expect a pull back and will look for the same setup to be confirmed on the 15mn..chart...

i will go to 4hr...and see where the price is if its above 10ema i still expect it to continue in the same direction.

Remember no one knows what the price WILL do...But if you know how to look at the charts...you could know what the price MIGHT DO.....hope you get my point.

Then i wait patiently for my setup on the 15mn TF...to confirm my entry with little SL...see the charts...

I dont have to do this...but out of LOVE.It took me over 45 min to do this...Please read the thread everyone.Remember I'm a Human Too....this has been explained several times....

Plz Plz read the thread.....[/quote]

Brother Arjun, we much appreciate your hard work, and loving heart.
Splendid work, as always....God bless you
If you're going through hell, keep going. Winston Churchill
  • #12,660
  • Nov 4, 2012 8:55am Nov 4, 2012 8:55am
Quoting sashadeol
From what I researched, it is the BAR chart and no indicator.....

I may be wrong ....

thanks brother sashadeol,
i got it already

peace and love
steph
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