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Another simple system - Time-Frame 15

  • #17,421
  • Dec 13, 2012 4:55am Dec 13, 2012 4:55am
Quoting newride
Dear What you are saying is completely right and i could be wrong. I am not predicting any thing. i am just asking from seniors looking at the H4 chart could this be possibility following PPA and the candles.?

My tp is 23.6 Fib which is around 1.3020 and st is at BE.

Suggestions please.
Sorry you are on your own now.

Mrs V just bought ej 15 min dble bottom at W R2, will move stop to BE quickly, at this stage we are not sure if this is back into trend or a weak pre/early US fake move up and US session takes us lower.

I'm at work so will post charts later.
  • #17,422
  • Dec 13, 2012 5:07am Dec 13, 2012 5:07am
Have a look at the orders page at www.forexlive.com (as far as I am aware a free source of info so shouldn't be a prob posting). You never know when these order levels will hold or fail, interesting never the less.
  • #17,423
  • Dec 13, 2012 5:08am Dec 13, 2012 5:08am
Close my GBP CT 200ema break not happy with it.... CT is not me feel to stress!!! out at -10pips

GL all
  • #17,424
  • Dec 13, 2012 5:13am Dec 13, 2012 5:13am
Quoting Vantage
Have a look at the orders page at www.forexlive.com (as far as I am aware a free source of info so shouldn't be a prob posting). You never know when these order levels will hold or fail, interesting never the less.
Hi Vantage do you think if a lot of people are thinking to sell at 1.3100 level that maybe this could be a fake sell off and just a puulback to gain more sellers before breaking the level??
  • #17,425
  • Dec 13, 2012 5:36am Dec 13, 2012 5:36am
Quoting Xhale12
Best trade I've made all year...
I have done the same. We should treat all the freaks in the same way to keep the thread as clean as possible.
  • #17,426
  • Dec 13, 2012 5:36am Dec 13, 2012 5:36am
Quoting josh11
Hi Vantage do you think if a lot of people are thinking to sell at 1.3100 level that maybe this could be a fake sell off and just a puulback to gain more sellers before breaking the level??
Despite what may come across in my posts I try not to think to much (some will be hosing themselves laughing now saying boy did I get that comment right). I see things that I can relate to and further than that the market will do what it will do.

Like this morning sometimes I stuff up my analysis, Mrs V is letting me off as she is happy most days, today should have been a great opp to CT. Can't win them all.

For now 1.31 a clear resistance level (tops of the shoulders part of H+S as already posted). The reaction lower today is NOWHERE near the reaction on 23rd of Oct. This can obviously come in US session. If it doesn't fall more and we go back up to 1.31 we have to again see the reaction. So it can be EUR sellers just dipping their toes waiting for move up to 1.31 to sell more. Or it could be normal trade and guys exiting at their best price of the day. I have no idea if the big boys are playing a game and normally wouldn't care, the reaction back at 1.31 should give the clues. Then its a case of trading the reaction to that level.
  • #17,427
  • Dec 13, 2012 5:56am Dec 13, 2012 5:56am
EU 1h Chart

This is what I'm seeing on EU at the moment.I'd want to see a break of the HL and trend line before looking to go short and I'd want to see the 1.31 level broken and tested before looking to go long.

I like to look at a naked chart to have a better idea of what is happening and then trade price action from the 15m chart, it pays to concentrate on the eyes.

All the distractions around here lately reminds me why I don't try reading and trading at the same time, happy trading everyone I'm off to concentrate.
Attached Image (click to enlarge)
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  • #17,428
  • Dec 13, 2012 6:28am Dec 13, 2012 6:28am
Quoting Xhale12
Best trade I've made all year...
I took the same one brother !

Thanks to all for your precious answers !

Peace
dom
  • #17,429
  • Dec 13, 2012 6:32am Dec 13, 2012 6:32am
Trades with the trend above 200ema and waited till closed above 10ema
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  • #17,430
  • Dec 13, 2012 6:38am Dec 13, 2012 6:38am
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1355390931


Hi Boris,

let the market decide your TP.

I recommend trade managment using R-Multiple method.

Since you know the ADR (30 days) is about 95 pips, assuming the last swing high is the day's high, there is room down.

See example:

I assume your entry and the initial SL above the last swing high.

Hope this is helpful for...
Dear Emmanuel,

so, if i understand correctly, i can, for example, use your R-Multiple method like that :

I open my trade with 2 equal units (for example each one represent 1 % of my capital), then :
@ TP 1 i put SL to BE (for my 2 units)
@ TP2 i take profit with 1 unit and let the second one run
@ TP 3 take profit of the second unit

Am i correct ?
Thanks a lot

Peace
dom
  • #17,431
  • Dec 13, 2012 6:42am Dec 13, 2012 6:42am
Quoting stevepatt
EU 1h Chart

This is what I'm seeing on EU at the moment.I'd want to see a break of the HL and trend line before looking to go short and I'd want to see the 1.31 level broken and tested before looking to go long.

I like to look at a naked chart to have a better idea of what is happening and then trade price action from the 15m chart, it pays to concentrate on the eyes.

All the distractions around here lately reminds me why I don't try reading and trading at the same time, happy trading everyone I'm off to concentrate.
very nice and clear chart brother !
i like it !
peace
dom
  • #17,432
  • Dec 13, 2012 6:42am Dec 13, 2012 6:42am
Same with UJ above 200ema close above 10ema close 10pips on all and stops at BE and now let it run...
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  • #17,433
  • Dec 13, 2012 6:51am Dec 13, 2012 6:51am
Anybody useing candle sticks instead of heiken ashi for 15m tdi system and if so does it make any difference
  • #17,434
  • Dec 13, 2012 6:51am Dec 13, 2012 6:51am
EU 15m and 1h Chart

How many would be tempted by this setup?
Attached Image (click to enlarge)
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  • #17,435
  • Dec 13, 2012 6:55am Dec 13, 2012 6:55am
GU CT didn't work not for me... long above 200ema and 10Ema
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  • #17,436
  • Dec 13, 2012 6:58am Dec 13, 2012 6:58am
Quoting stevepatt
EU 15m and 1h Chart

How many would be tempted by this setup?
Counter trend against those 1hr lower wicks, not me. Buy on ej at BE.
  • #17,437
  • Dec 13, 2012 7:00am Dec 13, 2012 7:00am
Quoting BorisViven
very nice and clear chart brother !
i like it !
peace
dom
It helps me to have a clean chart to mark where price has reacted, then I use the 15m chart with EMAs added to look for price action that agrees with what I'm seeing on the plain chart it helps me to keep out of bad setups.
  • #17,438
  • Dec 13, 2012 7:03am Dec 13, 2012 7:03am
Quoting Vantage
Counter trend against those 1hr lower wicks, not me. Buy on ej at BE.
Hi Vantage,
.
The problem is some people get too excited when they see a good setup on the 15m chart and forget to check what's happening on the higher TFs.
  • #17,439
  • Dec 13, 2012 7:14am Dec 13, 2012 7:14am
Quoting josh11
GU CT didn't work not for me... long above 200ema and 10Ema
Pretty strong hourly support right where you shorted man.
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What is any ocean but a multitude of drops?
  • #17,440
  • Dec 13, 2012 7:18am Dec 13, 2012 7:18am
Quoting Xhale12
Pretty strong hourly support right where you shorted man.
Your right... thanks mate will try keep an eye on it!!
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