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Another simple system - Time-Frame 15

  • #16,161
  • Nov 30, 2012 1:09am Nov 30, 2012 1:09am
Quoting Pervis
Short setup

no rule just follow SR trade - praying
Hi Pervis. I agree with your SR zones. I would still wait for confirmation with PA though.... I don't see any where you decided to sell. Price didn't even close below the 10ema. I'd be careful going short just based on the fact that we are at resistance. Just my opinion.
What is any ocean but a multitude of drops?
  • #16,162
  • Nov 30, 2012 1:12am Nov 30, 2012 1:12am
Quoting Dehyah
Hey Emman,I downloaded your Draw_Lines Buy and Sell Stoploss Fib but I am having problem attaching it to the Chart.Could you tell me how to attach it?

Those are scripts....

Just select, ... Drag and Drop to exactly where your Enrty level is and then you can re-size the SL level....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,163
  • Nov 30, 2012 1:14am Nov 30, 2012 1:14am
Using Line Chart :

Here is some fun while I wait for LO.

Use Line Chart and draw horizontal lines of the peaks and see how these lines play in the future.... switch to CS chart for your usual trading.
Attached Image (click to enlarge)
Click to Enlarge Name: AU Line chart close lines.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,164
  • Nov 30, 2012 1:20am Nov 30, 2012 1:20am
Quoting emmanuel7788
We are trading Intraday using M15 chart TF.
CONFLUENCE of price levels will be somethjing which I will look for.

The closest S&R are the natural support and resistance - Prev D OHLC, Prev W OHLC, RN, Fibo levels of the Prev D Range and fibo levels of Prev W Range.
Also the 10, 50, 200 and 800 EMA are the dynamic Support and Resistance all the time.

Also the price levels of the Close of the most recent days. (see attach example).

[size=3]With all these...
Hi brother emmanuel,

yes it helps a lot !
when we switch to line charts, that removes the wicks of the candle.
2 questions for you :
- is that good enough to draw our S/R or do we have to include the wicks ? I think yes, but i'm not sure..
- do you recommend to do the same with 4H TF or the daily lines are good enough ?

thank you.

peace
dom
  • #16,165
  • Nov 30, 2012 1:26am Nov 30, 2012 1:26am
you boys should be busy with your charts at this time, instead of posting. if you were tryping then you just missed 30 pips pop. that's almost double what most you guys make per trade. just my 2c.
  • #16,166
  • Nov 30, 2012 1:34am Nov 30, 2012 1:34am
Quoting emmanuel7788
Those are scripts....

Just select, ... Drag and Drop to exactly where your Enrty level is and then you can re-size the SL level....
Does that mean it shouldn't be in Custom Indicator but Scripts Indicator?
With God all things are possible.
  • #16,167
  • Nov 30, 2012 1:41am Nov 30, 2012 1:41am
Quoting emmanuel7788
We are trading Intraday using M15 chart TF.
CONFLUENCE of price levels will be somethjing which I will look for.

The closest S&R are the natural support and resistance - Prev D OHLC, Prev W OHLC, RN, Fibo levels of the Prev D Range and fibo levels of Prev W Range.
Also the 10, 50, 200 and 800 EMA are the dynamic Support and Resistance all the time.

Also the price levels of the Close of the most recent days. (see attach example).

[size=3]With all these lines,...

Thank you Emmanuel.

just got first trade today. E/J +22 pips
  • #16,168
  • Nov 30, 2012 1:46am Nov 30, 2012 1:46am
Quoting emmanuel7788
Using Line Chart :

Here is some fun while I wait for LO.

Use Line Chart and draw horizontal lines of the peaks and see how these lines play in the future.... switch to CS chart for your usual trading.
Very nice . I like
X-man the legendary conqueror of markets
  • #16,169
  • Nov 30, 2012 2:03am Nov 30, 2012 2:03am
EUR/JPY - gd pips on break....check 1hr & 4hr close
Attached Image (click to enlarge)
Click to Enlarge Name: 30nov2012_eurjpy.jpg Size: 202 KB
  • #16,170
  • Nov 30, 2012 2:12am Nov 30, 2012 2:12am
Quoting aryary
EUR/JPY - gd pips on break....check 1hr & 4hr close
  • #16,171
  • Nov 30, 2012 2:15am Nov 30, 2012 2:15am
Quoting emmanuel7788
This trade is picking the Top of the D and exit at the Bottom of the D.
What is the LOGIC behind this way of trade?
The LOGIC behind this is from here

http://www.forexfactory.com/showthre...13#post6230513
http://www.forexfactory.com/showthre...83#post6230583
http://www.forexfactory.com/showthre...49#post6245749

I think I can learn new thing day by day by looking at what Master and people like you say and try to use it to my advantage.
When I see that this candle fail 95% of the time if it happen at the extreme infront of resistance or above a support, then what stop me from going again it and have my stop loss(max 15) above the resistance or below support bearing in mind our flow of 10ema?

Though, I may be wrong pls just correct me.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #16,172
  • Nov 30, 2012 2:53am Nov 30, 2012 2:53am
Hello boys and girls,

My AU trade I think many of yours took the same trade, just maybe I should hold it for longer?


Best regards,
Arunas
Attached Image (click to enlarge)
Click to Enlarge Name: 11.30 au.gif Size: 26 KB
  • #16,173
  • Nov 30, 2012 2:54am Nov 30, 2012 2:54am
http://www.forexfactory.com/nfs/cust...tar37542_3.gif mike1349
Member
Member Since Apr 2007
752 Posts

Quote:
Originally Posted by mary4x http://images.forexfactory.net/buttons/viewpost.gif
Emmanuel, this means so much to me. I've been trying to trade forex for a very long time and have been with this thread since the beginning. But I do not (so far) see what I need to see. (I just had my eyes checked today, and they're fine.) I spend many hours every day reading posts and looking for what others are seeing. I'll keep trying, and I appreciate your encouragement and teaching.


I got the same problem .Emmanuel post was very helpful.I was getting hopeless too but after reading his post I am more determined now.

I haven't spend 10,000 hrs yet.Need to study more hrs

Good luck
Mike

to Mary4x and mike1349

As a newbie at this method just stick to basics.

When I look over previous trading sessions, I analyse the good moves.

Why did this work?

Write everything down that you can see about that trade.

1. Position of emas.
2. Where is BRN and S/R
3. Arjun candle
4. Where are we on 4hrly and hrly chart
5. H..HL /L...LL in place

You will start to SEE these trades. When I am driving or cooking dinner, I can image those trades in my head.
Just basic newbee trades as I have posted previously.

Then when they happen it is so exciting.
This has helped me pick much better trades.
Hope this helps someone.

Lve
Renata

Special note : thankyou so much Emmanuel for all your help. I thought I was on this thread morning till night but you are there even more. Thanks again you are very wise.

Example of simple newbee trade

Attached Image (click to enlarge)
Click to Enlarge Name: mix 39.gif Size: 24 KB



_________________
  • #16,174
  • Nov 30, 2012 3:06am Nov 30, 2012 3:06am
Quoting emmanuel7788
Good profit 17pips. Small SL 12...I like.

Sometimes, being in a trade prevents us from taking BASIC SETUPs when they show up.

What LOGIC do we apply when se see such situations?

You comment are always precious.
sorry emannuel I am getting really dumb but I will try.

Either paying patient and avoiding greed or
entering with tight SL.
Considering the profit/loss ratio and MM.
  • #16,175
  • Nov 30, 2012 3:20am Nov 30, 2012 3:20am
Quoting Arunaz
Hello boys and girls,

My AU trade I think many of yours took the same trade, just maybe I should hold it for longer?


Best regards,
Arunas
Where was your SL?
What is any ocean but a multitude of drops?
  • #16,176
  • Nov 30, 2012 3:31am Nov 30, 2012 3:31am
Quoting Xhale12
Where was your SL?
Xhale,

Sl was 1.0437 (sorry that didn't mention before) after 10pips I mowed it to +1
Maybe it would be worth to hold atleast until 1.0400? (yesterday AU closed below 10EMA so it's strong signal for move down) Or I'am not right?
I'am still focusing more on entries, I think when I will be able to chose correct entries, than I will need to learn to find correct exit

Best regards,
Arunas
  • #16,177
  • Nov 30, 2012 3:41am Nov 30, 2012 3:41am
Fail Trade...EU

The Highlighted candle not consider bounce EMA??
Attached Image (click to enlarge)
Click to Enlarge Name: second fail.gif Size: 22 KB
  • #16,178
  • Nov 30, 2012 3:41am Nov 30, 2012 3:41am
Hi dear fellow lovebees,
I don't have problems to draw trendlines, s/r zones, etc. But I do have problems thinking about if the price will break through or bounce. What do I have to consider, where should I look at? At higher timeframes, at the length of the candle touching the TL, if it allready bounces (how often) - or all together?
best regards
1truth
  • #16,179
  • Nov 30, 2012 3:46am Nov 30, 2012 3:46am
Quoting Xhale12
Hi Pervis. I agree with your SR zones. I would still wait for confirmation with PA though.... I don't see any where you decided to sell. Price didn't even close below the 10ema. I'd be careful going short just based on the fact that we are at resistance. Just my opinion.
Hi Xhale, Thanks for comment, I'm really know that is rick trade, best to enter trade is after pullback candles (red arrow) from 10 ema H4... But another reasonable help me to decice it is H4, after pin bar bonce off from 61,8 zone, I was expect it will test this zone again and trade away from 10 ema (H4) (200ema M15) , and the best point to TP is 61,8 zone but I'm still expect it fall to 50% & 200ema (H4)
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-30_1635.png Size: 77 KB
  • #16,180
  • Nov 30, 2012 3:59am Nov 30, 2012 3:59am
Quoting Arunaz
Hello boys and girls,

My AU trade I think many of yours took the same trade, just maybe I should hold it for longer?


Best regards,
Arunas
brother Arunaz,

took the same than yours, but 10-12 pips above, because i saw price bounce on H4 10ema (and 200 ema on M15)
and the overall trend was bearish.
I'm still in.

This is my newbie point of view, so i recommend you to don't trust my thinking...

peace
dom
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