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Another simple system - Time-Frame 15

  • #13,481
  • Nov 8, 2012 9:07pm Nov 8, 2012 9:07pm
Quoting Freak
Hello

I see many of you are better and better, day by day! I'm still learning a very few things but I keep moving forward with successful and I'm really happy about that!


Here's the trade taken a few mins ago, 5min chart.Break of 10 EMA, restest 10 EMA & short entry on Round number. +10 pips target reached.

#edit: trade was taken on the last candles on the chart, i didn't marked it I'm sorry!
Brother Freak...welcome to the thread...i think you havent read the thread properly...We do not discuss 5mn chart anymore,,,,plz do not post anything regarding 5mn....Its a humble request...if it works for you...its fine...
this is the 100th time im requesting...plz...stop..it today was treding may be its working for you...but be careful with the fakes...my brother...particulalry if you are new to trading...lol

Guys....plz stop saying anything about 5mn chart....if you really respect me....remember im doing this for YOU...
Let all the living things live blissfully
  • #13,482
  • Nov 8, 2012 9:21pm Nov 8, 2012 9:21pm
Quoting emmanuel7788
AUDJPY:

Here is a Candlesticks (CS) Pattern practice.
Try it.

Have a Good Trading Day.
Emmanuel again thanks for taking your time to improve us.These classes are very helpful.
First candle bunch represents a shooting star and second candle bunch represent a Grave Stone Doji
First candle candle is a bullish Harami with the candle on it's left.It is also a narrow range candle
Second candle is a bullish candle breaking NR bar.
Third and Fourth are Doji represent resistance
Second,Third Fourth and Fifth Evening Star
Fifth by it self Bearish candle
6th candle ?
Can you suggest a good Candlestick book or source ?
  • #13,483
  • Nov 8, 2012 9:33pm Nov 8, 2012 9:33pm
Hi there,

there are some pdfs under attachments if I am not mistaken. I have however found these, which I downloaded long time ago from somewhere (File 1 and 2).
"Reversal Patterns" file is really useful and was uploaded to this thread before.

If you are looking to learn more, you should look for the sources of Steve Nison. Many people refer him as the guy who brought Japanese candlestick to the western world and trading. He has written few books and he also have few video courses if you are interested. He is selling them at the following address: http://candlecharts.com/

Enjoy

Quoting Trader330
Emmanuel again thanks for taking your time to improve us.These classes are very helpful.
First candle bunch represents a shooting star and second candle bunch represent a Grave Stone Doji
First candle candle is a bullish Harami with the candle on it's left.It is also a narrow range candle
Second candle is a bullish candle breaking NR bar.
Third and Fourth are Doji represent resistance
Second,Third Fourth and Fifth Evening Star
Fifth by it self Bearish candle
6th candle ?
Can you suggest a good Candlestick book or source ?
Attached File(s)
File Type: pdf Candlestick.pdf   2.0 MB | 1,427 downloads
File Type: pdf Candlestick Part 2.pdf   2.3 MB | 994 downloads
File Type: pdf Reversal Patterns.pdf   625 KB | 1,253 downloads
  • #13,484
  • Nov 8, 2012 9:40pm Nov 8, 2012 9:40pm
Quoting ForexNerds
Hi there,

there are some pdfs under attachments if I am not mistaken. I have however found these, which I downloaded long time ago from somewhere (File 1 and 2).
"Reversal Patterns" file is really useful and was uploaded to this thread before.

If you are looking to learn more, you should look for the sources of Steve Nison. Many people refer him as the guy who brought Japanese candlestick to the western world and trading. He has written few books and he also have few video courses if you are interested (http://candlecharts.com/).

Enjoy...
Thanks a lot. I appreciate it.
  • #13,485
  • Nov 8, 2012 10:25pm Nov 8, 2012 10:25pm
Quoting aryary
Charts

Further to the discussion we have been having, I do not feel any trader here is still using the same product, instrument, indi or whatever from day one. As traders we evolve into whatever we want to be. We all have different backgrounds, we all have different mindsets. No matter how much Arjun or X-man and the other seniors teach others we still have flaws in the way we look at things. Of course the system they teach is awesome and adaptable for all...lol

What I am saying - we must not just throw away our background work for the sake...

Very true.That's where you yourself become the system.imo
  • #13,486
  • Nov 8, 2012 10:31pm Nov 8, 2012 10:31pm
Quoting X-Man
GU 15min
25 pips.
target at RN .
Thats all we need.
I have reduced my pips substantially over the past weeks.
The candle im pointing at , how many times was this sown in this thread?

15 to 30 pips a day is more than enough for me.
The trick is to take it constantly everyday
That means you have increased your lot size by twice the initial lot size.
With God all things are possible.
  • #13,487
  • Nov 8, 2012 10:37pm Nov 8, 2012 10:37pm
Quoting X-Man
GU 15min
25 pips.
target at RN .
Thats all we need.
I have reduced my pips substantially over the past weeks.
The candle im pointing at , how many times was this sown in this thread?

15 to 30 pips a day is more than enough for me.
The trick is to take it constantly everyday

Brother x-man..now you are on track...lol...thats exactly what i do....
Let all the living things live blissfully
  • #13,488
  • Nov 8, 2012 11:29pm Nov 8, 2012 11:29pm
Quoting ForexNerds
Hi Rob,

Welcome to the thread! It depends on your experience, but I really think you should read at least first 300 pages to get a clue what we are doing here. After, there are some pdfs with posts of this thread's masters, which you can study to avoid going through the whole thread. I however encourage you, to read the whole thread, maybe not only once . I don't want to scare you off, but I promise that you won't regret. There are many trading gems at every page!
Hi, and thanks for the welcome ,
I've been studying and demoing for quite a while now , slowly trying to build up my knowledge .
I already read through a few pages and liked what I saw- so will continue to do so ,and I wont get scared off . I'm no genius , but always been a worker and a tryer. so i think study and practice is the key.
Rob
  • #13,489
  • Nov 8, 2012 11:34pm Nov 8, 2012 11:34pm
Quoting ForexNerds
Hi there,

there are some pdfs under attachments if I am not mistaken. I have however found these, which I downloaded long time ago from somewhere (File 1 and 2).
"Reversal Patterns" file is really useful and was uploaded to this thread before.

If you are looking to learn more, you should look for the sources of Steve Nison. Many people refer him as the guy who brought Japanese candlestick to the western world and trading. He has written few books and he also have few video courses if you are interested. He is selling them at the following...
Thanks ForexNerds.
As usual, you are a great resource in this thread providing many pdf of posts and these free materials.

Everyone:
There is not need to spend your hard earned money on candlestick books unless you are like me who wants a nice book sitting on my bookshelf at home. It has become a collection over many years.
Few yeasr ago, I spend few thousand dollars on Steve Nison CS courses. But today, all his materials are available free online. This has now put the man out of teaching business.
Those pdf by ForexNerds are the good reference and learning materials.What you need is to practice on live charts in realtime mode and see them for yourself.
You don't need to know all thos CS patterns. Many of the CS patterns are rare.
The one I use are :
Inside Bar and Double Inside Bars
Pin Bar
DBHLC and DHLHC
Outside Bar
DBHHC, DBLLC
and
this rare gem called the "pop gun".

forget about all the fancy names used by authors. Just learn the shape of the candles.

I do not look at single candle pattern on M15. Single candle pattern is only higher probability on on H1 and H4 TFs and above, so I put more weight for these.

On M15, I use 3 bars CS patterns and also how to blend several candles together to see H1 and H4 candle patterns.

Only realtime practice will help you learn them. No amount of book reading study etc. will help you.

You need to be in the market to listen to its 'heartbeat' and feel the rhythm.

Now you need to start doing your work ...i.e. to practice.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,490
  • Nov 8, 2012 11:35pm Nov 8, 2012 11:35pm
Hello guys, I need your help....
On the picture attached you can EMA 800 in red and EMA 200 in yellow, and there is also the indicator of HTF emas.... do you see the difference between ema 800 and daily 10 ema though they are considered to be the same EMA.... So the question is from which ema for example on this picture we can expect a bounce, i mean which one is correct????

And one more thing... if you transfer 10 Daily ema to the 15 min it is ema 960??? so which one?????

Thank you,

Roman
Attached Image (click to enlarge)
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  • #13,491
  • Nov 8, 2012 11:37pm Nov 8, 2012 11:37pm
AUDJPY 9 Nov update:

Hi ALL,

here is how channelling technique play out for AJ this week.

Now it bounce UP.... watch PA and 83.00

Remember use the 10EMA on all TFs.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Channelling 9-11-2012 12-51-55 PM.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,492
  • Nov 8, 2012 11:51pm Nov 8, 2012 11:51pm
Quoting orko_555
Hello guys, I need your help....
On the picture attached you can EMA 800 in red and EMA 200 in yellow, and there is also the indicator of HTF emas.... do you see the difference between ema 800 and daily 10 ema though they are considered to be the same EMA.... So the question is from which ema for example on this picture we can expect a bounce, i mean which one is correct????

And one more thing... if you transfer 10 Daily ema to the 15 min it is ema 960??? so which one?????

Thank you,

Roman


Hi Roman,

I spent many hours trying to figure out this one. I was mathematical about it...thinking M15>M60>M240>M1440
and I came up with 10, 40, 160, 960 ...for EMAs.
Someone PMed me and slapped me.

Let me put simply, if you want to see a true D 10EMA, simply read it in your MT4 DataWindow when Day open, read that value and draw a line across your M15 chart and that is your true 10EMA on D1....and stick to this line for the entire trading day.

If you want the same for H4, do the same every 4 hours. This is the most accurate way to get true 10EMA on every TFs period intervals.

Now came a smart alec who programmed a multi-timframee EMA which will draw a new line every period in calibrated mode. He is s genius so I thought, but that indicator blew up my slow Pentium 8700 PC.

So now I stick to 10, 50, 200, 800.

But if anyone feels better ... you can create your own method using 10, 40, 160 ... but please don't go to 960.
Remember what I said many times: the Moving Average will always catch up with the Price and not the other way around what many people will write about.

It is Fun doing all these.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,493
  • Nov 9, 2012 12:04am Nov 9, 2012 12:04am
Quoting emmanuel7788
this rare gem called the "pop gun".
Hey buddy. Is this a good example of a pop gun setup? Still not quite sure what they are. EJ 4hr
Attached Image
What is any ocean but a multitude of drops?
  • #13,494
  • Nov 9, 2012 12:22am Nov 9, 2012 12:22am
Quoting Xhale12
Hey buddy. Is this a good example of a pop gun setup? Still not quite sure what they are. EJ 4hr

yes, that looks good enough for a continuation sell setup.

...this is how one can jump onto a moving train ( only if that train has open doors or without doors)
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,495
  • Edited 1:09am Nov 9, 2012 12:47am | Edited 1:09am
Quoting Xhale12
Hey buddy. Is this a good example of a pop gun setup? Still not quite sure what they are. EJ 4hr
Even on 4hr charts the differences in candle formations can be substantial between brokers.
Here is my equivalent of your chart, I'm with FXpro.
Because of this I only look at MS, ES, SS and RR tracks.

Attached Image
  • #13,496
  • Nov 9, 2012 12:49am Nov 9, 2012 12:49am
How to trade a Pop Gun setup?

Here is another exercise for those who are ineterested to learn CS pattern trading.
We already learn what a Pop Gun setup is using Xhale EJ example.

Look at the attached chart and answer the question.

Remember, not every CS pattern will end up being a winning trade. You must look at the candles before the Pop Gun setup, and also know how to determine the trade potential/ projection and what your Risk Reward potential is.
Attached Image (click to enlarge)
Click to Enlarge Name: Pop Gun question.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,497
  • Nov 9, 2012 12:55am Nov 9, 2012 12:55am
Quoting emmanuel7788
Hi Roman,

I spent many hours trying to figure out this one. I was mathematical about it...thinking M15>M60>M240>M1440
and I came up with 10, 40, 160, 960 ...for EMAs.
Someone PMed me and slapped me.

Let me put simply, if you want to see a true D 10EMA, simply read it in your MT4 DataWindow when Day open, read that value and draw a line across your M15 chart and that is your true 10EMA on D1....and stick to this line for the entire trading day.

If you want the same for H4, do the same every 4 hours. This is the most accurate way to...
Yes Emmanuel, i too was doing this math trying to figure out these values and came to the same values 10, 40, 160 and 960
And the problem here is in both cases there exact touches of big emas but these happens in defferent places, for example let's you have 200 ema and aton place you've seen price touching it and bounce off it but is you apply let's say 160 ema ("true one") you will see the price closed above it and vice versa let's say you have 160 ema and the price touch it and bounces off from it but if we apply 200 ema we will see that the price has'n even reached it and bounced back,,, i think you understand what i mean, so this my a little bit confusing me...

But anyway Brother, Thank YOU for your reply...
I'll try to figure it out for myself which one suits me best

Couple examples
Regards,

Roman
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 170 KB
Click to Enlarge Name: 2.png Size: 175 KB
  • #13,498
  • Nov 9, 2012 12:58am Nov 9, 2012 12:58am
Quoting orko_555
Yes Emmanuel, i too was doing this math trying to figure out these values and came to the same values 10, 40, 160 and 960
And the problem here is in both cases there exact touches of big emas but these happens in defferent places, for example let's you have 200 ema and aton place you've seen price touching it and bounce off it but is you apply let's say 160 ema ("true one") you will see the price closed above it and vice versa let's say you have 160 ema and the price touch it and bounces off from it but if we apply 200 ema we will see that the...
Hi Roman,

I'll PM you on this. Will save you sometime going forward in this study.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,499
  • Edited 1:15am Nov 9, 2012 1:01am | Edited 1:15am
Quoting emmanuel7788
How to trade a Pop Gun setup?

Here is another exercise for those who are ineterested to learn CS pattern trading.
We already learn what a Pop Gun setup is using Xhale EJ example.

Look at the attached chart and answer the question.

Remember, not every CS pattern will end up being a winning trade. You must look at the candles before the Pop Gun setup, and also know how to determine the trade potential/ projection and what your Risk Reward potential is.
b and c...c if you want to be a little more aggressive only if the Mother Bar or the low of Bullish Outside Bar is broken.. and b if you want to be more conservative..
  • #13,500
  • Nov 9, 2012 1:01am Nov 9, 2012 1:01am
Quoting emmanuel7788
How to trade a Pop Gun setup?

Here is another exercise for those who are ineterested to learn CS pattern trading.
We already learn what a Pop Gun setup is using Xhale EJ example.

Look at the attached chart and answer the question.

Remember, not every CS pattern will end up being a winning trade. You must look at the candles before the Pop Gun setup, and also know how to determine the trade potential/ projection and what your Risk Reward potential is.
I would wait for a breakdown of the OB low, but would then make an entry on the 15min like I normally do.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 24 KB
What is any ocean but a multitude of drops?
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