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Another simple system - Time-Frame 15

  • #13,901
  • Nov 13, 2012 4:28am Nov 13, 2012 4:28am
Quoting smarco
+17 pips :-)
Great trade wel done
  • #13,902
  • Nov 13, 2012 4:29am Nov 13, 2012 4:29am
Nice Chart Emmanuel thanks.
Take Care
ww x

Quoting emmanuel7788
EURUSD 13 Nov Test and Re-Test example:

Here is one example to read T&RT.
'May God guide you on your life's journey...'
  • #13,903
  • Nov 13, 2012 4:42am Nov 13, 2012 4:42am
Quoting peetee09
AUD 15 min setup looking positive, supported by 1 hr and 4 hr. waiting for retest,

P
I think it should carry us through 20 pips at least... but as always, lets see
Attached Image (click to enlarge)
Click to Enlarge Name: A_U_01.png Size: 34 KB
  • #13,904
  • Edited 5:10am Nov 13, 2012 4:51am | Edited 5:10am
Quoting emmanuel7788
you wanna make a guess for market indecision for that H1 and H4 indecision?
you mean to spin the roulette?
EDIT: based on trend and previous candles, i would say: south

i decided to take a nap instead LOL. looking back i would have waited for news and now i see 5 candles that couldn't close above the H1 10 EMA.

peace and loves
steph
  • #13,905
  • Nov 13, 2012 5:06am Nov 13, 2012 5:06am
Quoting emmanuel7788
EURUSD 13 Nov Test and Re-Test example:

Here is one example to read T&RT.

I wish i new all meanings behind these T&RT..
my brain is in deny mode atm... Looks like everything I'm reading is so easy to forget when I open a trade
  • #13,906
  • Nov 13, 2012 5:06am Nov 13, 2012 5:06am
The magic of EMAs.

EN chart below. 10,50,200,800. Take a look.

Love, Ciara
Attached Image (click to enlarge)
Click to Enlarge Name: 20121113enemas.jpg Size: 91 KB
Ideas shape the course of history
  • #13,907
  • Nov 13, 2012 5:08am Nov 13, 2012 5:08am
Quoting lehin
I think it should carry us through 20 pips at least... but as always, lets see
S/L
  • #13,908
  • Nov 13, 2012 5:11am Nov 13, 2012 5:11am
Quoting lehin
I wish i new all meanings behind these T&RT..
my brain is in deny mode atm... Looks like everything I'm reading is so easy to forget when I open a trade

nothing is so easy to forget when you practice......deep practice

I hear and I forget.
I see and I remember.
I do and I understand.
-Confucius (551 BC - 479 BC)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,909
  • Nov 13, 2012 5:12am Nov 13, 2012 5:12am
Quoting emmanuel7788
nothing is so easy to forget when you practice...

I hear and I forget.
I see and I remember.
I do and I understand.
[font=Times New Roman]- [size=3][color=#454545][color=#454545]Confucius...
  • #13,910
  • Nov 13, 2012 5:13am Nov 13, 2012 5:13am
Quoting 99problems
you mean to spin the roulette?
EDIT: based on trend and previous candles, i would say: south

i decided to take a nap instead LOL. looking back i would have waited for news and now i see 5 candles that couldn't close above the H1 10 EMA.

peace and loves
steph

.... what about market was undecided just below Previous Week Low
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,911
  • Nov 13, 2012 5:22am Nov 13, 2012 5:22am
Quoting Tools
Sorry, I am still trying to understand things. But from your comment I am feeling to wait for a cross to go short.

I am I right? 200ema is a strong resistance.

" .... waiting for cross..."
Q. for what to cross?

there is no such thing as strong resistance. How to tell if Support and Resistance is strong or weak?
the same with how to determine a 'bounce' , or 'rejection', etc.
you need to see price behaviour around the 10EMA, 50EMA, 200EMA and 800EMA....All in One M15 chart.

Spend more time on chart and PA reading. It will serve you well in future.
It won't come easy but once you clock enough hours, you will get there.
Reading PA will become intuitive.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,912
  • Nov 13, 2012 5:28am Nov 13, 2012 5:28am
Quoting emmanuel7788
.... what about market was undecided just below Previous Week Low
you're right emmanuel,

i need to start seeing these things quicker.
thanks for teaching me

peace and love
steph
  • #13,913
  • Nov 13, 2012 5:34am Nov 13, 2012 5:34am
Aud was looking ok, still ok on the 4 hr, but had the wind knocked out with the cross currents from the high GU CPI. This may give rooom for the GU to countertrend towards the 200MA on the hoursly as it is somewhat oversold. if it can break above the 59 handle look for retest of handle and 50 on the hourly
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1hr 13 nov 2012.jpg Size: 146 KB
  • #13,914
  • Edited 6:17am Nov 13, 2012 5:36am | Edited 6:17am
Quoting emmanuel7788
nothing is so easy to forget when you practice......deep practice

I hear and I forget.
I see and I remember.
I do and I understand.
[font=Times New Roman]-[size=3][color=#454545][color=#454545]Confucius...
Thanks dear emmanuel. The PA on A/U is between 200 and 800emas and there is no 30 pip between them, thus we dont trade. Please correct me if I'm wrong

EDIT: SO... A/U is moving up and it seems had bounced of 1hr 10ema.... It's in ranging mode to me now
  • #13,915
  • Nov 13, 2012 5:42am Nov 13, 2012 5:42am
and market goes nuts
  • #13,916
  • Nov 13, 2012 5:46am Nov 13, 2012 5:46am
Quoting lehin
and market goes nuts
That's why I'm sitting here, waiting

http://www.youtube.com/watch?v=0Ff2jc38qCg
while the objective is profit, the job description is risk management
  • #13,917
  • Nov 13, 2012 5:49am Nov 13, 2012 5:49am
Quoting peetee09
Aud was looking ok, still ok on the 4 hr, but had the wind knocked out with the cross currents from the high GU CPI. This may give rooom for the GU to countertrend towards the 200MA on the hoursly as it is somewhat oversold. if it can break above the 59 handle look for retest of handle and 50 on the hourly
Thank you for showing bigger picture
  • #13,918
  • Edited 6:28am Nov 13, 2012 5:54am | Edited 6:28am
Wow, 40 pips M15 candle...
Maybe that's why ...
Eur/Usd D1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_D1_hmm.jpg Size: 118 KB
RevarK
  • #13,919
  • Nov 13, 2012 6:01am Nov 13, 2012 6:01am
Quoting emmanuel7788
.... what about market was undecided just below Previous Week Low

dear emmanuel,

i just want to make sure i understood.
i uploaded my EU H4 and H1 chart. the horizontal blue line shows the prev week low.

On H4 the indecision candle is below the broken low of last week.it's upper wick also touches my TL btu that's only a side note.
Now on H1 i also see an indecision candle right below prev week low. is it better to stay away here ? (as forex is not an exact science)

2 candles later i see a pin wick stopping right on the prev. week low. is that considered to be the trigger?

just trying to learn

1st pic: H4
2nd: H1

thanks
steph
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture 11.png Size: 53 KB
Click to Enlarge Name: Picture 10.png Size: 46 KB
  • #13,920
  • Edited 6:26am Nov 13, 2012 6:12am | Edited 6:26am
Quoting peetee09
Aud was looking ok, still ok on the 4 hr, but had the wind knocked out with the cross currents from the high GU CPI. This may give rooom for the GU to countertrend towards the 200MA on the hoursly as it is somewhat oversold. if it can break above the 59 handle look for retest of handle and 50 on the hourly
Hey Peetee,

Do you know where I can find a list of parallel/Inverse currency pairs.

Also question to seniors: How important to know those pairs that act counter each other?

EDIT: or should I just stair at one pair and try to memorize PA, as a beginner?

Again, thank you for helping
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