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Another simple system - Time-Frame 15

  • #13,761
  • Nov 12, 2012 3:30am Nov 12, 2012 3:30am
Quoting Gibril
To all celebrating this festive..............

May millions of lamps illuminate ur life

with endless joy,prosperity,health & wealth forever

Wishing u and ur family a very

"HAPPY DIWALI"


Hi Brother,




Nice to see you back home.!!!





"HAPPY DEEPAVALI" to all concern.





Rdgs
winwin
  • #13,762
  • Nov 12, 2012 3:31am Nov 12, 2012 3:31am
Quoting robuk
I have read through 400 posts and think i now have the entry rules, but one thing i'm not quite sure about --

entries should only be after london open
For short trade :-only take trade below 200 ema
price must close below 10 ema
tdi should cross down green thru red (or bounce off and down )
and this cross or bounce must occur below mbl ,yellow. (this is the part i'm unsure of)

any help or comments welcome
Hi Rob,

BUY only above MBL and SELL only below MBL ....higher probability

Basic stuff using the TDI from Dean Malone.
If you want to learn more go to the compassfx website and study those tuturial videos on using the TDI.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,763
  • Nov 12, 2012 3:35am Nov 12, 2012 3:35am
Quoting robuk
I have read through 400 posts and think i now have the entry rules, but one thing i'm not quite sure about --

entries should only be after london open
For short trade :-only take trade below 200 ema
price must close below 10 ema
tdi should cross down green thru red (or bounce off and down )
and this cross or bounce must occur below mbl ,yellow. (this is the part i'm unsure of)

any help or comments welcome
it is preferable to use crosses below the yellow line ( for shorts), but there are plenty of lovely trades if green cross red above the yellow and then going down and crossing yellow, you may open your trade then, especially if yellow going down itself. what matters here is to trade away from 200 ema- that gives you great edge. it works for me anyway
  • #13,764
  • Nov 12, 2012 3:39am Nov 12, 2012 3:39am
Quoting cristiansan
Hi Emmanuel,

You said earlier that you use GMT00 platform to perform your analysis.
Fortunately one of my platforms have the same time with yours, and the other one is GMT-5.

What is the reason you rely on this GMT00 time? Is it a habit or have some statistic support which comes out of your experience? Thank you!
I just stick to one chart data with GMT00 as the start of Day.

What is important is be CONSISTENTapplying every technique with just one GMT00 based price data.

For those using other start of Day (GMT+2 GMT+3, etc. you may not see those CS patterns which I post here, especially the H4 patterns. Your D OHLC and fibo levels will be different.

BUT, the price remains much the same.

We all trade the Price!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,765
  • Nov 12, 2012 3:44am Nov 12, 2012 3:44am
Quoting lehin
Looks like AU is going up. Can anyone confirm this?
Yes i believe so - ive taken earlier - bounce off 4hr 10ema....daily, 4hr, 1hr all confirming 10ema..will post chart in a while - still in trade...may chop soon - mkt very flat

there was a similar setup on AJ - but the daily 10ema was right above
  • #13,766
  • Nov 12, 2012 3:47am Nov 12, 2012 3:47am
Quoting lehin
Looks like AU is going up. Can anyone confirm this?

Can you confirm if you had done the Arjun Daily routine?

check D 10EMA 200EMA
check H4 10EMA 200EMA
then decide on whether you want to be Buyer or Sell?
look for setup on M15.

now you look up and see if there is clear sky on D.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,767
  • Nov 12, 2012 3:49am Nov 12, 2012 3:49am
Did anyone get the nice bounce of 200ema on the daily TF GBP/USD booked nice 15pips
  • #13,768
  • Nov 12, 2012 3:58am Nov 12, 2012 3:58am
Is there a possible entry on M15 in EU? What do you think, or is it flat?
  • #13,769
  • Nov 12, 2012 4:02am Nov 12, 2012 4:02am
Quoting emmanuel7788
Can you confirm if you had done the Arjun Daily routine?

check D 10EMA 200EMA
check H4 10EMA 200EMA
then decide on whether you want to be Buyer or Sell?
look for setup on M15.

now you look up and see if there is clear sky on D.

That routing is on automode . But there is always something to miss for newbie like me.
I was hesitant to get on trade on bounce of 4hr 10 ema, so I'm missing those 8 pips. I see some resistance level close. All I need to put S/L on BE and go to sleep.

Thanks for checking it, emmanuel7788. Much appreciated
  • #13,770
  • Nov 12, 2012 4:04am Nov 12, 2012 4:04am
Quoting josh11
Did anyone get the nice bounce of 200ema on the daily TF GBP/USD booked nice 15pips

W tell me to stay on Seller side.
But only to sell high.

Unless of course you are scalping, anything goes. 15 pips is good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,771
  • Nov 12, 2012 4:08am Nov 12, 2012 4:08am
Quoting Tools
Is there a possible entry on M15 in EU? What do you think, or is it flat?
possible entry for what? to Buy or to Sell?

post a chart and it will make things clearer to explain what you see.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,772
  • Nov 12, 2012 4:12am Nov 12, 2012 4:12am
GBPJPY week 46 12 Nov:

Look at GJ now looks like birds sitting on Live wire....for many 4hours.

Is there as mother candle?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,773
  • Edited 1:54pm Nov 12, 2012 4:13am | Edited 1:54pm
A/U

+11 pips

tp set at 11 pips where this is resistance from a few days ago

zander
Attached Image (click to enlarge)
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  • #13,774
  • Nov 12, 2012 4:14am Nov 12, 2012 4:14am
Quoting aryary
Yes i believe so - ive taken earlier - bounce off 4hr 10ema....daily, 4hr, 1hr all confirming 10ema..will post chart in a while - still in trade...may chop soon - mkt very flat

there was a similar setup on AJ - but the daily 10ema was right above
Its going where it should go. Will it make new HH on daily chart this week?
  • #13,775
  • Nov 12, 2012 4:16am Nov 12, 2012 4:16am
Quoting emmanuel7788
possible entry for what? to Buy or to Sell?

post a chart and it will make things clearer to explain what you see.
I am so sorry. Let me add the picture. I am planning to short this.

I hope its visible.

Kind Regards

Edit: I was planning. I shows now its flat and crosses back a I see
Attached Image
  • #13,776
  • Nov 12, 2012 4:22am Nov 12, 2012 4:22am
AUD/USD long: +14

Entry: 1.0418
Exit: 1.0432 (just below YH)

Was considering chopping aussie around the fibo r1 (0422) as it was struggling to break but with it being tested so many times it had to give in, lol.

Attached AJ chart - was looking at that also but the daily 10ema was at the PA. Also would not take very closely correlated pairs at the same time unless split risk.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12nov2012_au.jpg Size: 219 KB
Click to Enlarge Name: 12nov2012_aj.jpg Size: 202 KB
  • #13,777
  • Nov 12, 2012 4:24am Nov 12, 2012 4:24am
Quoting emmanuel7788
GBPJPY week 46 12 Nov:

Look at GJ now looks like birds sitting on Live wire....for many 4hours.

Is there as mother candle?
Watch out for big birds! If one big bird will come, no one knows whats gonna happen.... better watch the movie!

PS: Good lesson for forex traders also! NEVER FIGHT AGAINST BIG BIRDS!
Inserted Video
  • #13,778
  • Nov 12, 2012 4:25am Nov 12, 2012 4:25am
Quoting emmanuel7788
possible entry for what? To buy or to sell?

Post a chart and it will make things clearer to explain what you see.
this is my reading of the daily. Please comment.

1 back up to 10 emas as it bounces on resistance around 1270 r/n
then resume downward from 1.28 area.

As a daily overview is this acceptable?
Attached Image (click to enlarge)
Click to Enlarge Name: eu daily.gif Size: 29 KB
If ask a silly question.. forgive me!i'm just confused again!
  • #13,779
  • Nov 12, 2012 4:33am Nov 12, 2012 4:33am
Quoting afos
this is my reading of the daily. Please comment.

1 back up to 10 emas as it bounces on resistance around 1270 r/n
then resume downward from 1.28 area.

As a daily overview is this acceptable?
I have same simple view as yours.
3 weeks down move with no corrective wave?
so becareful.
Sell high is good. But where is the high to sell? 1.2800 nice RN plus some confluence of others.
Let PA show the way.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,780
  • Nov 12, 2012 4:33am Nov 12, 2012 4:33am
Quoting aryary
AUD/USD long: +14

Entry: 1.0418
Exit: 1.0432 (just below YH)

Was considering chopping aussie around the fibo r1 (0422) as it was struggling to break but with it being tested so many times it had to give in, lol.

Attached AJ chart - was looking at that also but the daily 10ema was at the PA. Also would not take very closely correlated pairs at the same time unless split risk.

Mine Yesterday High and yours are different... I set my at LO, where do you set yours? Is there a certain rules about it?
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