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Another simple system - Time-Frame 15

  • #17,061
  • Dec 10, 2012 11:15pm Dec 10, 2012 11:15pm
Quoting vntrading
Update : -13pips.
Bad for start day.
Just dont known what happened? Or just follow rule dont trade before LO?
Quoting sharincarin
Could anyone tell me why I fail? I am following this thread for more than a month now, and I don’t want a silent reader anymore. The only problem is that I always hit SL, so please bare with me.
this applies to both you guys.

shorting right after that pin, plus inside bar, off the s/d zone? need to pay attention more on what price is telling you rather than mas. plus, we are still in the middle of asia session.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd0121209-entryclose.gif Size: 196 KB
  • #17,062
  • Dec 10, 2012 11:15pm Dec 10, 2012 11:15pm
Quoting mohsheen
i also entered on the same trade.. but it failed.
i think the reason was the bounce of monthly 10ema.. dont know sure
any senior members views?
First page of This tread says after London opening is better entry. before that many time there are stop loss hunt practices by banks.

This is my observation.
  • #17,063
  • Dec 10, 2012 11:18pm Dec 10, 2012 11:18pm
Quoting pkimnyc
this applies to both you guys.

shorting right after that pin, plus inside bar, off the s/d zone? need to pay attention more on what price is telling you rather than mas. plus, we are still in the middle of asia session.
Stick this, thanks teacher.
  • #17,064
  • Dec 10, 2012 11:23pm Dec 10, 2012 11:23pm
Does anyone consider EUR had a strong positive close yesterday, 4hr had a higher low and that its highly likely that there might be some follow through higher?
  • #17,065
  • Dec 10, 2012 11:37pm Dec 10, 2012 11:37pm
Quoting vntrading
Stick this, thanks teacher.
i am not a teacher.

Quoting Vantage
Does anyone consider EUR had a strong positive close yesterday, 4hr had a higher low and that its highly likely that there might be some follow through higher?
no one knows, nor can tell you that. 4hr is at the battle ground. many things are conflicting with one another. momentum on 4hr is turning upside, yet cycle is telling me something else. you can either stay out or just trade segments until the market works itself out.
  • #17,066
  • Dec 10, 2012 11:41pm Dec 10, 2012 11:41pm
Originally Posted by pkimnyc
this applies to both you guys.

shorting right after that pin, plus inside bar, off the s/d zone? need to pay attention more on what price is telling you rather than mas. plus, we are still in the middle of asia session.


Thanks for your reminder. I will pay more attention to that.

[COLOR="rgb(72, 209, 204)"]In case of EURUSD three was a bounce from 10 EMA of Month. Where you did short near to that there are many 10 EMA's which is giving a support.[/color]

thanks brother mkfx. i have to learn more

[COLOR="rgb(72, 209, 204)"]Dear ,
I see second your chart ia EURUSD[/color]

my bad, i took 2 trades EU and EJ at the same time


Thank you for all advices.

Sincerely,
Sharincarin
  • #17,067
  • Dec 10, 2012 11:44pm Dec 10, 2012 11:44pm
Quoting pkimnyc
this applies to both you guys.

shorting right after that pin, plus inside bar, off the s/d zone? need to pay attention more on what price is telling you rather than mas. plus, we are still in the middle of asia session.

nice answer, that inside bar was a gem forget the ma
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,068
  • Dec 11, 2012 12:18am Dec 11, 2012 12:18am
Quoting mohsheen
i also entered on the same trade.. but it failed.
i think the reason was the bounce of monthly 10ema.. dont know sure
any senior members views?
The trade was takenn right at the P week close
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #17,069
  • Dec 11, 2012 12:36am Dec 11, 2012 12:36am
I think we should remember Emmanuel advice. Our main responsibility is to protect out capital.
Arjun also said we should not fund this month if we intend to do so.

This is my 5th year trading in December so I know what they are saying. There could be alot of christmas gift. Remember, someone has to pay for these.

If we are going to trade don't let us be bias with taking side. Always look for reason why you must not take a trade than looking for a reason to take it.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #17,070
  • Dec 11, 2012 12:58am Dec 11, 2012 12:58am
Just anlysis chart. PA will show the way
Attached Image (click to enlarge)
Click to Enlarge Name: nc.gif Size: 25 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #17,071
  • Edited 1:25am Dec 11, 2012 1:04am | Edited 1:25am
Hi everyone, although I said that the EMA senior TF on m15 not correspond to real parameters, even today, I see a big difference between these parameters.
Look at pic. H4 as close last 4 candles appears as above, but this is not seen as clearly as we would like. We now turn to pic. M15, where we have the usual parameters of EMA, 200, 50, 10. The last three candles H4 on M15, closed below the EMA 200, in this case, we had to look for the entrance to the short.
But since I work on the actual settings EMA 160, 40, 10, I see a big difference between the real and the closure of candles H4. They all closed above ema160, I even see a candle Arjun, pin which closed above the EMA, in consequence of which, the last candle H4, went up. While we work on the M15, and even if we sit under EMA200, we do not know where the price will go, but using LED candles on M15 and ema160, at least I can see the difference, and much more confident where the price will go. Thank you for your attention, Comments is welcomed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur200.gif Size: 39 KB
Click to Enlarge Name: eur160.gif Size: 39 KB
Click to Enlarge Name: eurh4.gif Size: 37 KB
  • #17,072
  • Dec 11, 2012 1:15am Dec 11, 2012 1:15am
Quoting pkimnyc
no one knows, nor can tell you that. 4hr is at the battle ground. many things are conflicting with one another. momentum on 4hr is turning upside, yet cycle is telling me something else. you can either stay out or just trade segments until the market works itself out.
Agreed no one knows what the market will do. But we must assess and make a trading decision based on trading rules.

I just made a comment to someone asking why a EUR sell trade failed. Selling below 200 ema is a guide (OK as guides go its a very good one) but I'd like the 'flow' of the market confirming a trade on 15 min. So I just observed that a positive D close and a 4hr higher low = likely there'll be some move higher. Basic price action. You seem to agree with comment momentum on 4hr turning upside.
  • #17,073
  • Edited 1:32am Dec 11, 2012 1:19am | Edited 1:32am
Quoting Vantage
Agreed no one knows what the market will do. But we must assess and make a trading decision based on trading rules.

I just made a comment to someone asking why a EUR sell trade failed. Selling below 200 ema is a guide (OK as guides go its a very good one) but I'd like the 'flow' of the market confirming a trade on 15 min. So I just observed that a positive D close and a 4hr higher low = likely there'll be some move higher. Basic price action. You seem to agree with comment momentum on 4hr turning upside.
Hi Vantage, if you will read my last post you will see the answerd of your explications. Why today EU sell trade failed, sell near below 200 ema is a rong guaide.
  • #17,074
  • Dec 11, 2012 1:24am Dec 11, 2012 1:24am
Quoting Vantage
Agreed no one knows what the market will do. But we must assess and make a trading decision based on trading rules.

I just made a comment to someone asking why a EUR sell trade failed. Selling below 200 ema is a guide (OK as guides go its a very good one) but I'd like the 'flow' of the market confirming a trade on 15 min. So I just observed that a positive D close and a 4hr higher low = likely there'll be some move higher. Basic price action. You seem to agree with comment momentum on 4hr turning upside.
Vangtage! thank you for all the work you do here to help us all, I really enjoy ur posts and learn a lot
  • #17,075
  • Dec 11, 2012 1:34am Dec 11, 2012 1:34am
Quoting shum
Hi Vantage, if you will read my last post you will see the answerd of your questions. Why a EU sell trade failed, sell below 200 ema is a rong guaide.
Hi Shum
I actually don't have any questions. There was a EUR sell trade earlier below 200 ema that failed. I merely pointed out that whilst below the 200 ema we are running against a positive D close (that yes could be a complete fake out) and a 4hr higher low (that yes could be a complete fake out). Good candles tend to have some follow through.

Some care might be needed for the push up to work itself out if downtrend resumes.
  • #17,076
  • Dec 11, 2012 1:47am Dec 11, 2012 1:47am
Quoting Vantage
Hi Shum
I actually don't have any questions. There was a EUR sell trade earlier below 200 ema that failed. I merely pointed out that whilst below the 200 ema we are running against a positive D close (that yes could be a complete fake out) and a 4hr higher low (that yes could be a complete fake out). Good candles tend to have some follow through.

Some care might be needed for the push up to work itself out if downtrend resumes.
I'm sorry, not your questions, but your explanation, but I will explain again whay this short EU failed, the fact we are below EMA200 does not mean that we were below ema10 on H4. Because we really do not have a close candle H4 below ema10. Look please to my pictures on the last page, the answer is there.
  • #17,077
  • Dec 11, 2012 1:55am Dec 11, 2012 1:55am
Quoting ejiexe
The trade was takenn right at the P week close
really love your charts brother, very clear !

Peace
dom
  • #17,078
  • Dec 11, 2012 1:56am Dec 11, 2012 1:56am
Hi Vantage
Would you like to put a chart up :-)
I don't see a sell trade earlier on Euro (i might be wrong) but on 15 min price is below 800 but above 200 which is neutral, or,...are u talking about 4hours ago when price did move below 200 briefly, but that is not londn open time, and 200MA is flat, no momentum
:-)

Quoting Vantage
Hi Shum
I actually don't have any questions. There was a EUR sell trade earlier below 200 ema that failed. I merely pointed out that whilst below the 200 ema we are running against a positive D close (that yes could be a complete fake out) and a 4hr higher low (that yes could be a complete fake out). Good candles tend to have some follow through.

Some care might be needed for the push up to work itself out if downtrend resumes.
  • #17,079
  • Dec 11, 2012 2:04am Dec 11, 2012 2:04am
Quoting vntrading
Update : -13pips.
Bad for start day.
Just dont known what happened? Or just follow rule dont trade before LO?
In my chart you short right at the H4 10ema. so it's risky for me. I don't know if I'm right.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h4.png Size: 36 KB
Find your edge, make your system, stick to it.
  • #17,080
  • Dec 11, 2012 2:20am Dec 11, 2012 2:20am
Quoting long_bow
In my chart you short right at the H4 10ema. so it's risky for me. I don't know if I'm right.
Thank long_bow, im got it, i have early entry.
Thanks you so much.
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