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Another simple system - Time-Frame 15

  • #16,181
  • Nov 30, 2012 4:01am Nov 30, 2012 4:01am
Quoting Pervis
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)
Ah. I thought you entered before that candle you pointed out. My mistake pervis. Happy trading.
What is any ocean but a multitude of drops?
  • #16,182
  • Nov 30, 2012 4:11am Nov 30, 2012 4:11am
Quoting BorisViven
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
Hi Dom,
Where is your TP? Space between 200 and 800 EMA was quite small, so I decided do not take your entry


Arunas
  • #16,183
  • Nov 30, 2012 4:17am Nov 30, 2012 4:17am
Quoting BorisViven
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
answer to your 2 questions:

It is more than enough lines on your M15 chart when we are trading for that 10~20pips using BASIC SETUP. The EMAs and RN are good enough.

Support and Resistance are not just lines, it is a zone. You can use the candle/bar highs and lows to draw the zone if you want. The higher TF S&R has more weight than lower TF.

I do not use H4 to draw S&R.


Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,184
  • Nov 30, 2012 4:23am Nov 30, 2012 4:23am
Quoting Arunaz
Hi Dom,
Where is your TP? Space between 200 and 800 EMA was quite small, so I decided do not take your entry


Arunas
my Tp is 1.0390 coz many confluences:
ADR + H4 ema 200 ..

but for the moment the price fight to break the yesterday low..

again my brother, don't trust my newbie thinking..

peace
dom
  • #16,185
  • Nov 30, 2012 4:24am Nov 30, 2012 4:24am
Quoting Renata
http://www.forexfactory.com/nfs/cust...tar37542_3.gif mike1349
Member
Member Since Apr 2007
752 Posts

Quote:
[color=darkgreen]Originally Posted by mary4x http://images.forexfactory.net/buttons/viewpost.gif...
Hi Renata,

I see that you have a consistent and structured approach. That is very good.

I trade the 4H period so I am awake at every H4 candle close. Rest of the time, I am sleeping. LOL.

But seriously, I know when there is opportunity to look out for and I set my broker alert to wake me.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,186
  • Nov 30, 2012 4:25am Nov 30, 2012 4:25am
Quoting emmanuel7788
answer to your 2 questions:

It is more than enough lines on your M15 chart when we are trading for that 10~20pips using BASIC SETUP. The EMAs and RN are good enough.

Support and Resistance are not just lines, it is a zone. You can use the candle/bar highs and lows to draw the zone if you want. The higher TF S&R has more weight than lower TF.

I do not use H4 to draw S&R.


Regards,
thank you brother emmanuel, very clear !

dom
  • #16,187
  • Nov 30, 2012 4:30am Nov 30, 2012 4:30am
Current EU candle

on close this looks like a purfect candle. down to 200 ema. thoughts?

perhaps trim at 4h 10 ema..
Attached Image (click to enlarge)
Click to Enlarge Name: eu live.gif Size: 25 KB
If ask a silly question.. forgive me!i'm just confused again!
  • #16,188
  • Nov 30, 2012 4:41am Nov 30, 2012 4:41am
Quoting Dehyah
Does that mean it shouldn't be in Custom Indicator but Scripts Indicator?

Sorry, for the delay to reply you. I needed some time to look at my own trading too. Not good at multi-tasking at crtical times ... LO and Tokyo close hours.

I hope you figure that out already in the meantime.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,189
  • Nov 30, 2012 4:43am Nov 30, 2012 4:43am
Quoting lehin
Thank you Emmanuel.

just got first trade today. E/J +22 pips

Ha, ha...

you must thank the market first,
then share the 22 pips with the poor and needy.
see how that will multiply when we all trade with a PURPOSE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,190
  • Nov 30, 2012 4:49am Nov 30, 2012 4:49am
Quoting afos
Current EU candle

on close this looks like a purfect candle. down to 200 ema. thoughts?

perhaps trim at 4h 10 ema..
On my charts that stopped right on the 4h 10ema but who knows.
  • #16,191
  • Nov 30, 2012 5:19am Nov 30, 2012 5:19am
Quoting afos
Current EU candle

on close this looks like a purfect candle. down to 200 ema. thoughts?

perhaps trim at 4h 10 ema..
Hi brother, from my H1 chart, I don't know if it could break TL and Previous week high should be support.
Just my thought.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1.png Size: 22 KB
Find your edge, make your system, stick to it.
  • #16,192
  • Nov 30, 2012 5:43am Nov 30, 2012 5:43am
Hi Emmanuel

I like using the line chart to do s/r lines..nice and clear.
Another great tip from you.

Thanks

Lve
Renata

Attached Image (click to enlarge)
Click to Enlarge Name: mix 40.gif Size: 17 KB
  • #16,193
  • Nov 30, 2012 5:57am Nov 30, 2012 5:57am
Quoting Renata
Hi Emmanuel

I like using the line chart to do s/r lines..nice and clear.
Another great tip from you.

Thanks

Lve
Renata
Drawing of Support and Resistance Levels..

Hi ya Renata..

Just following on from here on the drawing of S/R levels if you want to have the wicks included in the levels this site has a great explanation..
http://www.learntotradethemarket.com...istance-levels
Also another helpful site..
http://www.babypips.com/school/suppo...esistance.html

Cheers,
Adrian
  • #16,194
  • Nov 30, 2012 6:39am Nov 30, 2012 6:39am
Thanks Ramjet,

Reading those sites now while learning patience and waiting for my setup!!

Thanks again

Lve
Renata
  • #16,195
  • Nov 30, 2012 6:41am Nov 30, 2012 6:41am
market seems to be pro-USD...
careful!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,196
  • Nov 30, 2012 7:07am Nov 30, 2012 7:07am
sorry newbies..

pro-USD ,...
I mean look to
SELL EURUSD, GBPUSD, AUDUSD, NZDUSD.
BUY USDCHF

but its too late now GMT1300...NYO
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,197
  • Nov 30, 2012 7:36am Nov 30, 2012 7:36am
Month end! Keep an eye on how equities are finishing month end & $ !!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30nov2012_eurjpy3.jpg Size: 194 KB
Click to Enlarge Name: 30nov2012_yens.jpg Size: 217 KB
  • #16,198
  • Nov 30, 2012 7:47am Nov 30, 2012 7:47am
EURUSD 15 min


ENTRY Below 10and 50ema/ below BRN / 200ema approx 50 pips away/ H then LH / TDI cross

SL 12 pips

TARGET 200 ema

PIPS 24

Attached Image (click to enlarge)
Click to Enlarge Name: mix 41.gif Size: 18 KB

  • #16,199
  • Nov 30, 2012 7:49am Nov 30, 2012 7:49am
Quoting aryary
Month end! Keep an eye on how equities are finishing month end & $ !!
Thanks for the heads up aryary before the move and charts...
  • #16,200
  • Nov 30, 2012 8:05am Nov 30, 2012 8:05am
EOW:

It is End of Week for me now and also End of Month.
Closed all trades.

Has been another geart week trading with you all. Thank you.

Wish EveryOne a Super Weekend!

See you all next Month.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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