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Another simple system - Time-Frame 15

  • #15,921
  • Edited 11:07pm Nov 27, 2012 10:53pm | Edited 11:07pm
Quoting Tradertpl
Short EU + 15 pips
H1, H4, below 10 ema
on m15, price break out, waited for pull back. Enter a bit early as the pull back is not fully completed.
bad boy SELL entry on bullish mometum
Attached Image (click to enlarge)
Click to Enlarge Name: eu_trade.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,922
  • Edited 11:10pm Nov 27, 2012 10:58pm | Edited 11:10pm
Quoting samtrade
hi,

Can I have a way to filter out the unsuccessful trades of A and B? I think the A and B zone in the TDI window are both valid (correct me if I am wrong), we cannot know beforehand whether A or B will turn into failure, but only C zone can develop into a profitable one. Is there a way out? Thanks

one easy way is to learn to count:

1234 [close] 1234 [close] 1234 [close]

on every [close] what does H1 candle look like?

is there momentum in H1?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,923
  • Nov 27, 2012 10:59pm Nov 27, 2012 10:59pm
Quoting jordfx
Broker times(and hence candle formations) are different as you rightly observe...but Price Action always remains the same. Study the previous PA over the previous couple of bars and you'll see you can still arrive at the same conclusion we did. If you're still not clear let me know, i'll try my best to explain further with some charts. trade safe.
Dear jordFx,

Thank you a lot for your explanations.
That is clear for me now

Peace
dom
  • #15,924
  • Nov 27, 2012 11:02pm Nov 27, 2012 11:02pm
Quoting samtrade
hi,

Can I have a way to filter out the unsuccessful trades of A and B? I think the A and B zone in the TDI window are both valid (correct me if I am wrong), we cannot know beforehand whether A or B will turn into failure, but only C zone can develop into a profitable one. Is there a way out? Thanks
Let wait for LEWIKI to give us the exact post.

I know Arjun has said something about this before. Look at how TDI squeezed. That is area of no interest
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,925
  • Nov 27, 2012 11:02pm Nov 27, 2012 11:02pm
Quoting samtrade
hi,

Can I have a way to filter out the unsuccessful trades of A and B? I think the A and B zone in the TDI window are both valid (correct me if I am wrong), we cannot know beforehand whether A or B will turn into failure, but only C zone can develop into a profitable one. Is there a way out? Thanks

These sorts of trade just come to teach you patience...patience...and then PATIENCE. The LOGIC for entering the trade at A remained valid throughout. Where would you have placed your Stop Loss at A??? Price never made Lower lows from that point onwards. And eventually the patience would have justified the LOGIC. Hope this helps?
  • #15,926
  • Nov 27, 2012 11:04pm Nov 27, 2012 11:04pm
Quoting emmanuel7788
on easy way is to learn to count:

1234 [close] 1234 [close] 1234 [close]

on every [close] what does H1 candle look like?

is there momentum if H1?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,927
  • Nov 27, 2012 11:09pm Nov 27, 2012 11:09pm
Quoting jordfx
These sorts of trade just come to teach you patience...patience...and then PATIENCE. The LOGIC for entering the trade at A remained valid throughout. Where would you have placed your Stop Loss at A??? Price never made Lower lows from that point onwards. And eventually the patience would have justified the LOGIC. Hope this helps?
Thanks.

If I use the TDI cross back to be my stop loss, I have been out for two times! So where should be the reasonable stop loss placed?
  • #15,928
  • Nov 27, 2012 11:11pm Nov 27, 2012 11:11pm
Quoting ejiexe
Do you mean if the last 1234[close] is supported by 10EMA, then I could go into the trade?
  • #15,929
  • Nov 27, 2012 11:15pm Nov 27, 2012 11:15pm
Quoting loveevery1
I wanted someone to post this trade....thankfully you did....

Now answer why it dint work?
Hi LE1,
Did not see anybody answering. Let me try to answer. My comments is at the attached chart.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 115 KB
  • #15,930
  • Nov 27, 2012 11:20pm Nov 27, 2012 11:20pm
Quoting samtrade
Do you mean if the last 1234[close] is supported by 10EMA, then I could go into the trade?
my simple answer to this simple question is: NO
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,931
  • Nov 27, 2012 11:22pm Nov 27, 2012 11:22pm
Quoting emmanuel7788
my simple answer to this simple question is: NO
Let me ask if he understands the riddle 1234
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,932
  • Nov 27, 2012 11:24pm Nov 27, 2012 11:24pm
Quoting emmanuel7788
bad boy SELL entry on bullish mometum
Thanks for your comments. Note taken.
  • #15,933
  • Nov 27, 2012 11:34pm Nov 27, 2012 11:34pm
Ralph Shells latest COT report says "Euro (EUR/USD):The large spec added to his short euro position and is now a 3.6 ratio short, almost 95K net short. Small specs are modest shorts. The total spec short in the euro was 114.7K contracts. Market actions since the cut off date for this report has hurt those holding short positions."

Doesn't mean that its just sell sell sell, the eur can go up against this. When the big boys position agrees with system that says sell, well your odds improve just a little.

A little Greece problem, a little big boys adding to short EUR, perhaps explains why we struggled to go higher at 1.30 for a few days.
  • #15,934
  • Nov 27, 2012 11:40pm Nov 27, 2012 11:40pm
after a pullback to wp and formation bearish candle that closed under 10 ma , I'm trading in.sl:11 - tp: 17.
but tdi is located dangerous area
Attached Image (click to enlarge)
Click to Enlarge Name: sell ej.jpg Size: 139 KB
Persian Gulf forever
  • #15,935
  • Nov 28, 2012 12:04am Nov 28, 2012 12:04am
Quoting parsfx
after a pullback to wp and formation bearish candle that closed under 10 ma , I'm trading in.sl:11 - tp: 17.
but tdi is located dangerous area
Trade failed. In your opinion, what was the reason?
edit:oh!! pin bar in H1
Persian Gulf forever
  • #15,936
  • Nov 28, 2012 12:08am Nov 28, 2012 12:08am
Renata


Quoting Tradertpl
Hi LE1,
Did not see anybody answering. Let me try to answer. My comments is at the attached chart.

Regards
Someone did try to answer.

Hi Loveevery1 Try and answer on the chart... also it didn't have low ...higher low


Lvehttp://www.forexfactory.com/attachme...1&d=1353923520

Renata
  • #15,937
  • Nov 28, 2012 12:09am Nov 28, 2012 12:09am
AUD 1 hr

Aud one of the fwe above the MAs. Also holding above RN, RECENT s/r AND 4HR 10ma
bought after close of candle above MA
P
Attached Image (click to enlarge)
Click to Enlarge Name: aud 15mn 28 nov 2012.jpg Size: 136 KB
  • #15,938
  • Nov 28, 2012 12:28am Nov 28, 2012 12:28am
Was expecting that price after rejection from s/r line will go north to test 4HR 10 EMA. well... seems I was wrong
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_28112012.jpg Size: 37 KB
  • #15,939
  • Nov 28, 2012 12:48am Nov 28, 2012 12:48am
Quoting eai.reg
Was expecting that price after rejection from s/r line will go north to test 4HR 10 EMA. well... seems I was wrong
this how I see things:

with Prev D fib-e 161% and near to RN 105.50, one would wait and see if price pause and look at CS PA for a bounce.
the next RN above is 106.00 and not too far from Prev D Low.

There is no reason why price must to go back and test 4H 10EMA. Why should buyers test that 4H 10EMA? Why must Seller defend 4H 10EMA?
The 4H 10EMA will eventually meet the price again.

What is Volatility?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,940
  • Nov 28, 2012 12:49am Nov 28, 2012 12:49am
Quoting samtrade
hi,

Can I have a way to filter out the unsuccessful trades of A and B? I think the A and B zone in the TDI window are both valid (correct me if I am wrong), we cannot know beforehand whether A or B will turn into failure, but only C zone can develop into a profitable one. Is there a way out? Thanks
If your stops were below the swing lows you would not have had a losing trade. If you see 2 strong rejects of a level in London morning session you might need to take care. Consider changing to another range trading strategy getting in near bottom of range or simply leave the trade all together.
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