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Another simple system - Time-Frame 15

  • #15,941
  • Nov 28, 2012 12:49am Nov 28, 2012 12:49am
Morning all, hope your all well and happy trading GL
  • #15,942
  • Nov 28, 2012 12:57am Nov 28, 2012 12:57am
Quoting parsfx
Trade failed. In your opinion, what was the reason?
edit:oh!! pin bar in H1
Apart from 1hr pin, there were also lower wicks on all 15 min candles (which would have been a warning for me and price never went below the low of a candle, a final filter for entry).
  • #15,943
  • Nov 28, 2012 1:05am Nov 28, 2012 1:05am
Quoting peetee09
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
Hi Peetee09,

I am in exactly the same trade. Thanks, your post confirms my thinking. I am targeting ADR but there is resistance above, will monitor.

Spienkies
  • #15,944
  • Nov 28, 2012 1:10am Nov 28, 2012 1:10am
why did this pin fail?
if you dont know then you will fail .
easy trading guys
Keep it simple..
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 105 KB
X-man the legendary conqueror of markets
  • #15,945
  • Nov 28, 2012 1:15am Nov 28, 2012 1:15am
Quoting Vantage
Apart from 1hr pin, there were also lower wicks on all 15 min candles (which would have been a warning for me and price never went below the low of a candle, a final filter for entry).
thanks, It'll take the next trade
Persian Gulf forever
  • #15,946
  • Nov 28, 2012 1:17am Nov 28, 2012 1:17am
Quoting X-Man
why did this pin fail?
if you dont know then you will fail .
easy trading guys
Keep it simple..
Hourly looks good...!!!
  • #15,947
  • Nov 28, 2012 1:26am Nov 28, 2012 1:26am
An update on ESZ12 = S&P 500 December Futures Contracts (Globex trade)
Both is H1 TF, see the lines...Market Structure..On zoomed part, there are also a few Arjun Arrows seen..
FYI, I am short 1401.50 from yesterday on Arjun candle (where 50 and 10 ema cross..). Stop at BE now.
1375 is a 50% retrace level..

Ciara
Attached Image (click to enlarge)
Click to Enlarge Name: 20121128ESminis.jpg Size: 185 KB
Ideas shape the course of history
  • #15,948
  • Nov 28, 2012 1:27am Nov 28, 2012 1:27am
Yes i thinkinng exactly same, have tp just below ADR which is at previous short term high.

SL just under the pin that last broke up through the RN
P

Quoting Spienkies
Hi Peetee09,

I am in exactly the same trade. Thanks, your post confirms my thinking. I am targeting ADR but there is resistance above, will monitor.

Spienkies
  • #15,949
  • Nov 28, 2012 1:29am Nov 28, 2012 1:29am
Quoting X-Man
why did this pin fail?
if you dont know then you will fail .
easy trading guys
Keep it simple..
my reasoning is also simple:
I counted only 1,2,3 .... not yet 4 so not yet [Close].

and

"unbalance" momentum...

Trading Made Simple
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,950
  • Nov 28, 2012 1:29am Nov 28, 2012 1:29am
Quoting X-Man
why did this pin fail?
if you dont know then you will fail .
easy trading guys
Keep it simple..
Because price is below 200 ema on 15 Min, below 10 ema on 4H. Price can't break the round number who is above and was rejected.
It is a good answer?!
  • #15,951
  • Nov 28, 2012 1:30am Nov 28, 2012 1:30am
Quoting X-Man
why did this pin fail?
if you dont know then you will fail .
easy trading guys
Keep it simple..
Hello X-Man,

please check my answer
Attached Image (click to enlarge)
Click to Enlarge Name: 11.28 EJ.JPG Size: 31 KB
  • #15,952
  • Nov 28, 2012 1:31am Nov 28, 2012 1:31am
I've short the EJ this morning
+16
for me the entry was 10 pips late
again a newbie mistake...

if anyone want to comment, it would be appreciate... thanks

love
dom
Attached Image
  • #15,953
  • Nov 28, 2012 1:31am Nov 28, 2012 1:31am
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
Thats a risky trade.
Dont look for price to go exactly to a certain point.
Look for a zone it will go back to.
Price moves from level to level .

the emas will guide you from level to level.
Use the fibb to see the retrace , then look at the RN and then look at yesterdays low.
There was an entire area of resistance there.
X-man the legendary conqueror of markets
  • #15,954
  • Edited 6:15am Nov 28, 2012 1:32am | Edited 6:15am
Trading with trend.... Reject of BRN and 50ema! was aiming for next RN but as gibril has said ranging markets so took 20 pips

EJ
Attached Image (click to enlarge)
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  • #15,955
  • Nov 28, 2012 1:38am Nov 28, 2012 1:38am
Quoting emmanuel7788
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?
nice tip. i like

1234 close , 1234 close , 1234 close , 1234 close
X-man the legendary conqueror of markets
  • #15,956
  • Nov 28, 2012 1:38am Nov 28, 2012 1:38am
Hello everyone

I've took a short trade on EUR/JPY.

Entry below 10EMA & RN, profit taken near RN and Daily 10EMA.

+10 pips (my target).
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 21 KB
  • #15,957
  • Nov 28, 2012 1:38am Nov 28, 2012 1:38am
Quoting emmanuel7788
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?
emmanuel7788, sorry for not clear chart. It's GJ. Thank you for your comment. Hope soon I will be able to see charts more like you. But right now as newbie I can't really tell why buyers should test 4H 10EMA or sellers defend it. I'm trying to keep it simple and treat 10EMA as another s/r level and for the general direction. Logic behind this trade was that price above D1 10EMA(up day). rejected from s/r, S1 pivot and mid channel line. Then it testet and broke RN + market open momentum. I was aware there are pivot and priv d low above, thats why I moved my SL to BE there
Attached Image (click to enlarge)
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  • #15,958
  • Edited 1:42am Nov 28, 2012 1:39am | Edited 1:42am
Quoting X-Man
why did this pin fail?
if you dont know then you will fail .
easy trading guys
Keep it simple..
I would say its counter trend, not at the end of a run down, its in the middle of a range, so all it all its not a pin should really be focused on at all.
  • #15,959
  • Nov 28, 2012 1:39am Nov 28, 2012 1:39am
Quoting X-Man
why did this pin fail?
if you dont know then you will fail .
easy trading guys
Keep it simple..
HI brother X-man,

for me the pinbar was not a valid one because it was too late to buy (in this thread it's often recommend to buy low and sell high)
and there was the 10 ema on h1 (price had already bounced on h1)
I decided to sell for a quick +16

I hope my newbie answer isn't too simple...

thank you so much for all your posts

love
dom
  • #15,960
  • Nov 28, 2012 1:40am Nov 28, 2012 1:40am
Quoting BorisViven
I've short the EJ this morning
+16
for me the entry was 10 pips late
again a newbie mistake...

if anyone want to comment, it would be appreciate... thanks

love
dom
Hi mate,

I took aj and ej, same setups....look at what x-man posted above.....i took on that close inside the 10ema - safer, 1hr close pin close etc.
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