Another simple system - Time-Frame 15 | Page 902 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Multi time frame Simple MACD system 824 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Another simple system - Time-Frame 15
Exit Attachments

Another simple system - Time-Frame 15

  • #18,021
  • Dec 19, 2012 6:43pm Dec 19, 2012 6:43pm
Quoting emmanuel7788
Hi Everyone,

What is my logic?

Keep things simple and your charts clean and clutter free.

Make sure that you have those 4 EMAs – 10, 50, 200 and 800 on your charts.

My Intraday trading logic is simple:
Start by looking at D chart TF.

[font=Verdana][size=3]If the previous D is a Bullish...

Thank you brother. Merry Christmas and Happy New Year
  • #18,022
  • Dec 19, 2012 8:14pm Dec 19, 2012 8:14pm
I see most of the new people here asking why trades went wrong are simply ignoring the bigger picture. I recommend everyone new to this system first start with a blank chart. Forget the 10 ema, forget adr, forget round numbers, just look at price. Mark off support and resistance + trendlines, evaluate PA on the HTF's, etc.... Once you've done all this, then add your MA's and other indi's back on. The 10ema is simply used for FURTHER confirmation. It should not be taken as confirmation in and of itself. Taking trades just because price hits the 10, or you see a pin bar off it, will give you lots of losers. Often times all that clutter on charts gets in the way of us seeing what's most important on the chart.

This is AJ today (H1). You can see several setups without needing any MA's or indi's. I'm not against MA's and use them all the time, just don't let them become the main basis for your trading.
Attached Image (click to enlarge)
Click to Enlarge Name: pixtick.png Size: 17 KB
What is any ocean but a multitude of drops?
  • #18,023
  • Dec 19, 2012 10:13pm Dec 19, 2012 10:13pm
Quoting Xhale12
I see most of the new people here asking why trades went wrong are simply ignoring the bigger picture. I recommend everyone new to this system first start with a blank chart. Forget the 10 ema, forget adr, forget round numbers, just look at price. Mark off support and resistance + trendlines, evaluate PA on the HTF's, etc.... Once you've done all this, then add your MA's and other indi's back on. The 10ema is simply used for FURTHER confirmation. It should not be taken as confirmation in and of itself. Taking trades just because price hits the 10,...
Great post.

I'm not good at the photo shop or edit thing. Xhales last chart.

- At the highs, top arrow, hours of pa proving it doesn't want to go higher. Sells off, breaks HH HL flow.

- Bounce up from lower TL. An evening star pattern, a shooting star on a LL LH begging for a sell, middle arrow right.

- Makes new LL then LH with shooting star, lower arrow right.

Nice chart.
  • #18,024
  • Dec 19, 2012 11:03pm Dec 19, 2012 11:03pm
Ucad closed my 4 buys +169PIPS
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad.JPG Size: 21 KB
Click to Enlarge Name: Cad 2.JPG Size: 24 KB
Click to Enlarge Name: cad.gif Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #18,025
  • Dec 19, 2012 11:06pm Dec 19, 2012 11:06pm
May see EU come back down to test lower TL.
Attached Image (click to enlarge)
Click to Enlarge Name: pixtick.png Size: 27 KB
What is any ocean but a multitude of drops?
  • #18,026
  • Dec 19, 2012 11:11pm Dec 19, 2012 11:11pm
Quoting Davit
Ucad closed my 4 buys +169PIPS
God bless those of you who have the patience to trade that pair.... I can't do it. Lol.

Congrats on the pips.
What is any ocean but a multitude of drops?
  • #18,027
  • Dec 19, 2012 11:17pm Dec 19, 2012 11:17pm
Quoting Xhale12
God bless those of you who have the patience to trade that pair.... I can't do it. Lol.

Congrats on the pips.
It maybe be slow but to me its "safe" currency to trade.Whenever it drops on bad US data I buy it up.Usually always rebounds.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #18,028
  • Dec 20, 2012 12:06am Dec 20, 2012 12:06am
Hey guys! Need your opinion on some price observations on my brokers MT4s. Trying to keep a close eye on their price fluctuations to avoid being taken advantage of and filter out the more questionable ones. I know candle stick patterns can be expected to differ due to different broker time offsets, but we're all supposed to trade the SAME PRICE isn't it??? Pls comment. Tnx.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 23 KB
Click to Enlarge Name: 2.gif Size: 24 KB
  • #18,029
  • Dec 20, 2012 12:21am Dec 20, 2012 12:21am
Quoting jordfx
Hey guys! Need your opinion on some price observations on my brokers MT4s. Trying to keep a close eye on their price fluctuations to avoid being taken advantage of and filter out the more questionable ones. I know candle stick patterns can be expected to differ due to different broker time offsets, but we're all supposed to trade the SAME PRICE isn't it??? Pls comment. Tnx.
both my accounts are same 8833 MB trading and Oanda.I had found many longer spikes on Oanda before but never on MB trading.My main account is MBtrading.Oanda is a test mule
In trading, you have to be defensive and aggressive at the same time
  • #18,030
  • Dec 20, 2012 12:25am Dec 20, 2012 12:25am
Xhale...my grouse is that the prices are different at the top of the spike for both brokers 88.318 for one and 88.334 for the other. Is that an allowable difference???? Or was one intentionally stop hunting????
  • #18,031
  • Dec 20, 2012 12:29am Dec 20, 2012 12:29am
Quoting Davit
both my accounts are same 8833 MB trading and Oanda.I had found many longer spikes on Oanda before but never on MB trading.My main account is MBtrading.Oanda is a test mule
Tnx a lot Davit. That puts my mind at ease a bit. I was kinda worried the 88.34 was suspicious compared to the 88.31 for forex.com
  • #18,032
  • Dec 20, 2012 12:33am Dec 20, 2012 12:33am
Quoting yelena
when in doubt, consult an independent price provider. the spikes were valid. one can even see indices there.

you have to remember that almost all brokers have lost 50% of volume due to the holidays. one big buyer/seller can mess up volatility. it will be like this until jan 6th
Tnx a lot Yelena. My sulk though is really more about the DIFFERNCES in the PEAK PRICE POINTS between brokers?
  • #18,033
  • Dec 20, 2012 12:35am Dec 20, 2012 12:35am
Quoting Davit
Ucad closed my 4 buys +169PIPS
  • #18,034
  • Dec 20, 2012 12:39am Dec 20, 2012 12:39am
Asia is certainly bearish tonight.I am holding off on GU and Euro for possible last rally up at London open before plummeting back at least 150 pips.
We got unprecedented 300+pip up moves without any corrective move..
My guess is once Washington agrees on budget avoiding the dreaded fiscal cliff then we can see serious retrace.
Holding off my guns for now and hoping Asia does not start serious sell before London.
GU is holding key sopport area 6247 (love to burst this fat pig) for now

JordFx Thank you
In trading, you have to be defensive and aggressive at the same time
  • #18,035
  • Dec 20, 2012 1:11am Dec 20, 2012 1:11am
hello everybody

here's one analysis for potential short on GBPUSD.
What do you think?

Kyurem
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_20121120_preparation.jpg Size: 155 KB
  • #18,036
  • Dec 20, 2012 1:34am Dec 20, 2012 1:34am
Quoting kyurem
hello everybody

here's one analysis for potential short on GBPUSD.
What do you think?

Kyurem

Hi,

Only my 2 pips worth.

Daily, way above 10ema, H4 dancing at/with 10ema, in established uptrend, H1 PA below 10ema, but look left,
PA hasn't broken below S&R level, (head and shoulders neckline), M15 PA above 200 MA and almost trapped because of it, so for me not sure on direction yet. Maybe wait for BO south and retest before entering....but I"m a noob so I apologize from the start...
  • #18,037
  • Dec 20, 2012 1:44am Dec 20, 2012 1:44am
Quoting Xhale12
I see most of the new people here asking why trades went wrong are simply ignoring the bigger picture. I recommend everyone new to this system first start with a blank chart. Forget the 10 ema, forget adr, forget round numbers, just look at price. Mark off support and resistance + trendlines, evaluate PA on the HTF's, etc.... Once you've done all this, then add your MA's and other indi's back on. The 10ema is simply used for FURTHER confirmation. It should not be taken as confirmation in and of itself. Taking trades just because price hits the 10,...

Morning mate.

Nice reminder.
Thanks. That is really useful. I am learning to apply it every day before even looking at 15m chart.
  • #18,038
  • Dec 20, 2012 1:48am Dec 20, 2012 1:48am
Quoting Xhale12
May see EU come back down to test lower TL.
Go shorts

EU, EJ, GJ, EC
  • #18,039
  • Dec 20, 2012 2:05am Dec 20, 2012 2:05am
Quoting Xhale12
I see most of the new people here asking why trades went wrong are simply ignoring the bigger picture. I recommend everyone new to this system first start with a blank chart. Forget the 10 ema, forget adr, forget round numbers, just look at price. Mark off support and resistance + trendlines, evaluate PA on the HTF's, etc.... Once you've done all this, then add your MA's and other indi's back on. The 10ema is simply used for FURTHER confirmation. It should not be taken as confirmation in and of itself. Taking trades just because price hits the 10,...
precious advice brother !

peace
dom
  • #18,040
  • Dec 20, 2012 2:09am Dec 20, 2012 2:09am
Quoting kyurem
hello everybody

here's one analysis for potential short on GBPUSD.
What do you think?

Kyurem
Very nice! Careful though....lots a red news cooking...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 34 KB
27 traders viewing now