Another simple system - Time-Frame 15 | Page 685 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Multi time frame Simple MACD system 824 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Another simple system - Time-Frame 15
Exit Attachments

Another simple system - Time-Frame 15

  • #13,681
  • Nov 10, 2012 3:30am Nov 10, 2012 3:30am
Quoting thuac
Hi there,

If you are trading chart patterns, I suggest you take a look at this Autochartist or go to http://www.autochartist.com

I works wonderful for me.

hi thuac,

interesting website. thanks!

please share with us what you use from this website and what that has worked for your you.

thanks

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,682
  • Nov 10, 2012 3:33am Nov 10, 2012 3:33am
Quoting Ramjet
Hi ya Emmanuel..

I didn't see the answer for this...unless I missed it but could I know what the answer was please..

Cheers,
Adrian

Hi Adrian,

thanks for this reminder.

I have not posted my answer yet.
will work on it after I finish I catch up with reading this thread.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,683
  • Nov 10, 2012 3:35am Nov 10, 2012 3:35am
Quoting Ciara
Pivotfib Indy

Hey brothers and sisters,

does anyone of you have this indy to share?

http://www.forexfactory.com/attachme...1&d=1349770500 (this one in yellow, Master Gibril chart)

Would appreciate your hand. Would like to test it.

Thanks,

Love, Ciara
Hi Ciara,

Try the one attached - Alot of different inputs you can customise to - so that you not cluttering your charts. Important to set the required calc to the EOD you prefer. I personally use EST 17.00. (You can double check the settings with actionforex - who seem pretty accurate (http://www.actionforex.com/markets/p...2010040955112/). Cheers
Attached File(s)
File Type: ex4 THV4 TzPivotsD (Black).ex4   45 KB | 385 downloads
File Type: pdf TzPivotsD.pdf   39 KB | 537 downloads
  • #13,684
  • Nov 10, 2012 3:46am Nov 10, 2012 3:46am
Quoting cristiansan
risky, but good trade! i hope you kept tight SL!
Thanks a lot brother cristiansan !
my SL was 19 pips for that one... I learn from all your posts, thanks again for that...

peace
dom
  • #13,685
  • Nov 10, 2012 4:55am Nov 10, 2012 4:55am
Quoting emmanuel7788
Hallo,

Your Uni studies will garantee you of a position in line queue for a job.
A good job can make you rich and pay some of your bills.
Forex Trading will make you wealthy.

bis montag meine liebe,
mfg
LOL, your German is impeccable my friend..


LOVEBEES,
where are the valid setups here for Lovebees? The ones where we don't need large SL..that are high probability..

Look at the yellow box fellow lovebees. Do you see one or more setups there? Are they valid for us? What are the risks?
Looking at this M15 chart only, what do we need to pay special attention to?
please also consult HTFs for analyzing your answer.

Peace and love
Steph
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 9.png Size: 39 KB
  • #13,686
  • Edited Nov 11, 2012 3:49am Nov 10, 2012 5:19am | Edited Nov 11, 2012 3:49am
Quoting Ramjet
Hey X-Man and Vantage..

Can you two keep gossiping? lol..I could sit here all day and listen to these conversations, very enlightening

X-Man any chance you will do a video?? or Vantage??
Haha make a video. Can't tweet, can't get a photo from my phone to the computer and you want a video!!!!

There is nothing new in trading. So its about the bits and pieces you pick up that make sense to you and that you can put together in a system to make it work.

For bits and pieces that work for me (you can do search here or on my blog):

 

  1. support and resistance (but you guessed that right) and prices reaction to it (instead of SR you can read anything else you like there eg trend lines, fibs, pivots)
  2. trend (a million definitions but 200 ema on 15 min chart is absolutely as good as any for day trading, there was another 1hr thread here that used 50 sma on 1hr. To all intents and purposes the same thing).
  3. avoid counter trend weak pre/early US session candles on 1hr chart, if trading trend 200 ema 15 min this shouldn't present problems but it may well provide entry opp's if you missed Lon session trade and trend resumes
  4. higher low (or lower high) after divergence, spot indi divergence then the following hl/lh back into trend is normally a high prob trade
  5. engulfing close, I think I've covered that in earlier posts this morning
  6. multi time frame analysis, I think its vital, if you are not going to use it then having the 200 ema as filter is a good option. Vital for finding those SR levels though
  7. following the flow (or higher highs higher lows/lower highs lower lows, selling rallies in downtrend buying dips in uptrend whatever you wish to call it), you could be say below 200 ema on 15 min and struggling to sell because price is making higher lows. You might need to wait for lower high 'flow' to return
  8. some other bits like W pivots, 5 day ATR as likely targets
  9. London open head fake (just like pre/early US counter trend fake out

About 7 years of trading, 5 years full time and (apart from the bits and pieces you take for granted) that's about it. Can't tell you how much I wish someone had sat me down and made me get the above issues straight at the start.

  • #13,687
  • Nov 10, 2012 7:07am Nov 10, 2012 7:07am
pls guys, lookin for a tool that i can use to draw lines or make comment on LIFE charts
Enter Signature
  • #13,688
  • Nov 10, 2012 8:33am Nov 10, 2012 8:33am
Quoting X-Man

When we get a job we we have a BOSS.
The boss give us a set of rules and boundaries thats not meant to be crossed, when we dont follow these rules we get a warning etc.
When we start FX we have no boss , we have now rules we have no boundaries..
.........
Thats why we need to be disciplined
we need to set rules and boundaries for ourselves and follow it.
Exactly this is the problem!
Obeying the rules is the result of education. People are educated to comply to rules set by others: to be good employees, sportsman, to be good citizen, to respect the elders... They know the consequences of breaking the rules. I think 95% of people can not set rules for themselves, because they are "educated" to comply with other's rules. When it comes to create a set of rules to follow, they are not able to do it, so they fail in whatever they start only by themselves. Lack of rules means lack of discipline. It is like a map they follow and are trapped in. How to reset that map? How to make a person aware that his own rules must come in place when he is unable to set rules? I am everyone her knows at least few excellent professionals, very well respected at job, but with miserable private life. Why this happen?

Quoting X-Man
This makes me think what if this world had no laws , no boundaries set etc.
What would 95% of the population do ?
very good question...
  • #13,689
  • Nov 10, 2012 9:35am Nov 10, 2012 9:35am
Quoting Davit
continuing on Median line
When price approaches the median line, it creates at a time, one of three movements

 

  1. Reversal OR
  2. Violent piercing, resembling a zoom-through OR
  3. Narrow range, which will prepare the next price breakout

Davit, what do you use in drawing the channel and median lines?
  • #13,690
  • Nov 10, 2012 10:08am Nov 10, 2012 10:08am
Quoting jordfx
Davit, what do you use in drawing the channel and median lines?
Hi ya Jordfx..

This is the indicator he is using..

Cheers,
Adrian
Attached File(s)
File Type: mq4 Sonic SHI Channel MTF.mq4   9 KB | 434 downloads
  • #13,691
  • Nov 10, 2012 10:09am Nov 10, 2012 10:09am
last 3 months i'm using this system only on eu, tf 15, its so good man.
  • #13,692
  • Nov 10, 2012 1:05pm Nov 10, 2012 1:05pm
Quoting Ramjet
Hi ya Jordfx..

This is the indicator he is using..

Cheers,
Adrian
Tnx Adrian! At least the Arjun Spirit is still alive in here regardless!
  • #13,693
  • Nov 10, 2012 1:17pm Nov 10, 2012 1:17pm
My Friends,

I am just a simple man with family who would like to have to learn the way thorugh hard and committed work for financial freedom for my family and loved ones. I ask all of you pros (loveeveryone, pkimnyc, X-man, emmanuel and so on forgive if I left out someone) please keep this thread live with your teaching in order to reach our goal.

Thanks you and take care,
thrax
  • #13,694
  • Nov 10, 2012 6:43pm Nov 10, 2012 6:43pm
Quoting emmanuel7788
Weekend Homework 10 Nov:

EURJPY “Pop Gun” setup trade entry example
Hello everyone,
Thank you for posting your answers. Very much appreciated that some of you did take time to answer my question.
Entries (a), (b) and (c) are all good. You are all good traders.
But, do you want to beat the forex dealers?
[font=Verdana][size=3]This book title “ Best the...
I think the book is called "Beat the Forex Dealer"
All you touch and all you see, is all your life will ever be.
  • #13,695
  • Nov 10, 2012 9:40pm Nov 10, 2012 9:40pm
Quoting emmanuel7788
Weekend Homework 10 Nov:

EURJPY “Pop Gun” setup trade entry example
Hello everyone,
Thank you for posting your answers. Very much appreciated that some of you did take time to answer my question.
Entries (a), (b) and (c) are all good. You are all good traders.
But, do you want to beat the forex dealers?
[font=Verdana][size=3]This book title “ Best...
Hi Emmanuel and others,

Homework done. I have chosen GU pair and 4 hour chart as instructed. I looked for "Pop gun Pattern" for the data I had available - 16.01.2012 to Present. In the analysed time period I have found 26 patterns that could be identified as a "Pop Gun".

I have further conducted 3 analysis:

1) % of winning trades when entering on the break of outside bar close - TP 30 Pips, SL 15 Pips (2R)
2) % of winning trades when entering on the break of outside high or low level - TP 30 Pips, SL 15 Pips (2R)
3) % of winning trades when entering on 38 - 50% retracement - TP 30 Pips, SL 15 Pips (2R)

Please note that I have not considered any other rule according to this thread when conducting this analysis - (such as buying/selling only above/bellow 10 4 hour 10 EMA (= 15 Min 200 EMA)). I believe that this rule could have further increase the win rate.

Please also note that I didn't go to lower timeframes to look for a perfect entry and that some trades might have turn out as a looser if there were spikes within the 4h candles, subsequent to the PopGun Pattern. Therefore, realistic winning percentage should be lower.

Results:
1) Patterns: 26, Winning trades: 19, Losing trades: 7, Win rate: 73%
2) Patterns: 26, Winning trades: 13, Losing trades: 13, Win rate: 50%
3) Patterns: 21, Winning trades: 18. Losing trades: 3, Win Rate: 85,7 %.

Implications: Trading PopGun Pattern seems to be highly profitable no matter, which of the above strategy we choose. As you have pointed out in your graph, entry b) is the least effective entry while entries a) and c) are highly effective. With the 2R ratio, all 3 strategies are profitable on the long run and can thus be applied in our trading. The analysis favours the entry at the break of the outside bar close and even more the entry after the retracement of the outside bar.

On the long run it should be safe and probably the most profitable to built up our position according to the "Beat the Forex Dealer" book in either way:
1) First entry on 38-50% retracement, followed by the 2nd entry at outside bar close. Some traders could also add to their positions at the high/low of the outside bar. The risk here is that we could miss the trade if we wait for the retracement.
2) Entry at close of the outside bar with a bit wider stop loss, if the trade goes against us, we add to our position at 38- 50% retracement. Stop loss should be bellow the outside bar low in my opinion for both strategies. If the trade goes according to the plan, some traders might again consider adding to their position at high of the outside bar.

Traders, please note that a trader should never risk more than 5% of his equity on a single trade and should split their usual positions before considering adding to their position on a single trade. If your 1st trade is already profitable and appropriately secured, you might consider reinvesting your profit on that trade.

I hope this was helpful for some of you out there. Have a nice Sunday!

p.s. I am attaching some charts with the Pop Gun patterns on which the analysis was based
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-11-11_031046.jpg Size: 243 KB
Click to Enlarge Name: 2012-11-11_031106.jpg Size: 258 KB
Click to Enlarge Name: 2012-11-11_031229.jpg Size: 226 KB
  • #13,696
  • Nov 10, 2012 10:07pm Nov 10, 2012 10:07pm
This is current GBPAUD, Daily chart. What do you see?
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-11_050608.jpg Size: 140 KB
  • #13,697
  • Nov 11, 2012 1:53am Nov 11, 2012 1:53am
Quoting ForexNerds
This is current GBPAUD, Daily chart. What do you see?
pop gun + support line + H and S formation
  • #13,698
  • Edited 2:11am Nov 11, 2012 1:57am | Edited 2:11am
Quoting ForexNerds
This is current GBPAUD, Daily chart. What do you see?
On daily Price bounce from lower TL to Median line.
Price usually gravitates to median line from point A to B median is 50% or Fib 50% little high 62 little lower 38 but the zone the gravity is center line.
Amazingly this works on h1 h4 and daily as well.
If PA bounces up and 200ema is lower then we got a strong confluence.We can't predict the future but we can predict its most probable movement.
H1 chart looks most promising.Up bounce to Median L at 5330 and PA once reaching there will do 3 things
A. Zoom through to upper TL
B. Stagnate range until breakout either Up or Down
c. Get rejected and head down to lower TL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ga.gif Size: 23 KB
Click to Enlarge Name: ga h1.gif Size: 26 KB
Click to Enlarge Name: ga4h.gif Size: 23 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,699
  • Nov 11, 2012 2:23am Nov 11, 2012 2:23am
AJ looks promising Price reached lower TL on H4
I will look for rejection and bounce up to 50% fib or median line.I just put the fib to show power of ML
Blue line 200EMA possible rejection.
Price on the ML left ranged (stagnated) then broke up upper TL and further left rejection of ML
I am a visual person and once you see Price Action within context of TL then Arjun system becomes even more powerful.
Attached Image (click to enlarge)
Click to Enlarge Name: aj.gif Size: 22 KB
In trading, you have to be defensive and aggressive at the same time
  • #13,700
  • Nov 11, 2012 2:34am Nov 11, 2012 2:34am
Quoting loveevery1
TO clarify few things on this thread.

1st setup - Cross of red and green above the yellow in accordance with 200ema

this setup occurs few times in a month.and it works 90% of the times positive. 2nd setup CT - Break the 200ema rule everything same

the 2nd setup occurs quite often.but little risky

This is how we need to start folks.later do dont have to follow anything other than MM,you will win most of the times

watch for the price now...EU and GU
I love how LE1 keep everything simple on this thread. Just want to say thanks and I am now on page 73 and will still learn as much as I have free time on this weekend (was and am very busy this weekend, this thread is so wonderful like it is a Long Distance Learning Program of Forex Academy). Thank you so much LE1 and to all wonderful people in this thread.
17 traders viewing now