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Another simple system - Time-Frame 15

  • #15,401
  • Nov 23, 2012 4:12am Nov 23, 2012 4:12am
I just want to say that Arjun's method is effective and simple and logical.It is becoming easier for me to spot the trades.
Thank you Arjun jan

....AU broke 10EMA on 15min....
In trading, you have to be defensive and aggressive at the same time
  • #15,402
  • Nov 23, 2012 4:16am Nov 23, 2012 4:16am
Quoting aryary
Hi Kyurem,

I see the Cad trade you have taken - 15min 200ema...careful on this one...there is immediate support, plus look at cad's adr - only 55.

Check cad 4hr chart...800ema below which has been very strong support & daily 200ema at current levels
Thank you Aryary, I didn't see your post... appreciate much your comment!
Understand better my mistake.
  • #15,403
  • Nov 23, 2012 4:17am Nov 23, 2012 4:17am
Quoting Davit
Your question is confusing.
Are you suggesting a SL number? or you don't know how to modify a trade on M4
lol i need to modify yes sorry....
  • #15,404
  • Nov 23, 2012 4:23am Nov 23, 2012 4:23am
no set ups today :'(
  • #15,405
  • Nov 23, 2012 4:30am Nov 23, 2012 4:30am
Quoting Mr.Deghayes
no set ups today :'(
Be patient. Let it come to you. The meal is cooking. getting ready to be served. get set...ready...and.....lol!
  • #15,406
  • Nov 23, 2012 4:31am Nov 23, 2012 4:31am
Quoting aryary
keep an eye on gbp/aud if you are a fan of the 200ema/800ema breaks
This is good for my eyes ! thanks man!
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  • #15,407
  • Nov 23, 2012 4:53am Nov 23, 2012 4:53am
USD/JPY: +14 (was targeting 82.00 but chopped on slight pullback - slow mkts)

(Not the strongest follow through, however, check the break, retest, continue theory that is being put across in the thread)
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  • #15,408
  • Nov 23, 2012 5:04am Nov 23, 2012 5:04am
Quoting kyurem
Could the seniors help me understanding why the setup I spotted earlier was not good?

the setup was on USDCAD 15M:
- EMA200 was good dynamic SR in the recent past
- Price stalling just below EM1200 for 4 candles
- nice slope on EMA10
- the trigger was the star that has High and Low, lower than the previous candle's ones

Was the timing wrong and too early?
Was the setup wrong because of the SR marked in the aqua rectangle?

thx

Kyurem
15 min 200 ema flat so no trend. Price has struggled for 3 days to break below this general area, see your D chart, so theres definitely something up in and around those levels.

Seems like this is forcing a trade a little too much, there have to be better set ups than this. Really hope this is not coming off as sounding harsh. No real trend.
  • #15,409
  • Edited 5:27am Nov 23, 2012 5:08am | Edited 5:27am
Quoting Vantage
15 min 200 ema flat so no trend. Price has struggled for 3 days to break below this general area, see your D chart, so theres definitely something up in and around those levels.

Seems like this is forcing a trade a little too much, there have to be better set ups than this. Really hope this is not coming off as sounding harsh. No real trend.
See the great engulfing close on 19th, candles like that should follow through. The failure to do so for 3 days is a bit of a warning sign.

Taking 1 step further the D flow is still actually on for higher high higher low and with this failure to go lower its quite likely that move up will resume. TWT.
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  • #15,410
  • Nov 23, 2012 5:19am Nov 23, 2012 5:19am
whos focusing on the euro preparing for the move?
  • #15,411
  • Nov 23, 2012 5:27am Nov 23, 2012 5:27am
Some thoughts (Fri 24 Nov session):

pairs – trading only AUDUSD and EURUSD
trade times – 400 to 1300 GMT (don’t want to work too hard )
filters – red news; S/R blocking

AUDUSD15

1. buy – price closed above 10 and 200 ema, TDI up, HA up
enter at 10ema, SL below 5M pivot, TP 1:1 (+2%)

2. reject set-up, don’t want to buy into “potential” resistance (60M)

EURUSD15 [ignore trade line on chart, different strategy]

1. buy – price closed above 10 and 200 ema, TDI up, HA up
enter at 10ema, SL below 5M pivot, TP 1:1 (+2%)

2. reject set-up, trade 1. still open

*note, I don’t think pips, I think % return

...........now, repeat x10,000, until then excitement not required

.
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  • #15,412
  • Nov 23, 2012 5:29am Nov 23, 2012 5:29am
GBP/AUD: +9

(chopped - no follow through again - slow mkts (gd chances it could move lower but rather not wait in thin mkts) - had 1/2 closes but around same levels - used initial 1/2 close to keep stop at same place ie if that sl was hit would have been overall b/e trade)
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  • #15,413
  • Nov 23, 2012 6:07am Nov 23, 2012 6:07am
Folk pls comment on this trade.
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,414
  • Nov 23, 2012 6:11am Nov 23, 2012 6:11am
Quoting ejiexe
Folk pls comment on this trade.
would have been a good trade...only problem is that...there is no market momentum. Big boys are on lunch break or something lol! In any case better to wait for movement.
  • #15,415
  • Nov 23, 2012 6:18am Nov 23, 2012 6:18am
hello

each has their own interpretation of the original strategy, with that in mind,

1. are u using TDI?, it is against your buy
2. why did you buy where you did?, buying off the 10ema is lower risk
3. why did you place your SL where you did?, it looks random, and i believe it just got hit

your trade may succeed, but is it based on a clear strategy?

just a few thoughts..........and good luck


Quoting ejiexe
Folk pls comment on this trade.
  • #15,416
  • Nov 23, 2012 6:34am Nov 23, 2012 6:34am
Quoting ejiexe
Folk pls comment on this trade.
Hi mate

Further to what PeterE said - the price action prior to your entry should have kept you on the side lines. Trade may work if not stopped already, but choppy range - thin markets - look at the zig zag on 10ema (though overall higher). Can get clearer signals - maybe not today.
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  • #15,417
  • Nov 23, 2012 6:34am Nov 23, 2012 6:34am
Quoting ejiexe
Folk pls comment on this trade.
Price has stalled 3 times this morning with lots of upper wicks on 15 min. Don't know if its fibs, 26-30 Oct lows acting as resistance, RN, W M5 pivot, EUR meeting decision time sometime soon or a combo of the above.

As good a time as any to be on the sidelines.
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  • #15,418
  • Nov 23, 2012 6:42am Nov 23, 2012 6:42am
Quoting aryary
Hi mate

Further to what PeterE said - the price action prior to your entry should have kept you on the side lines. Trade may work if not stopped already, but choppy range - thin markets - look at the zig zag on 10ema (though overall higher). Can get clearer signals - maybe not today.
Great point aryary, compare the last higher low to (and I'm not sure how to describe this but here goes) the 'clean' higher low 'waves' on 15 min chart that preceded the stall at 1.29.
  • #15,419
  • Nov 23, 2012 6:42am Nov 23, 2012 6:42am
Quoting aryary
GBP/AUD: +9

(chopped - no follow through again - slow mkts (gd chances it could move lower but rather not wait in thin mkts) - had 1/2 closes but around same levels - used initial 1/2 close to keep stop at same place ie if that sl was hit would have been overall b/e trade)

Patience pays to hold for initial TP!...Now hitting original RN that was in mind...nevermind!
  • #15,420
  • Nov 23, 2012 6:48am Nov 23, 2012 6:48am
Quoting ejiexe
Folk pls comment on this trade.

Stop was too tight though. (Got stopped out already). Should have been below the last swing low.
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