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Another simple system - Time-Frame 15

  • #18,201
  • Dec 23, 2012 10:36pm Dec 23, 2012 10:36pm
Quoting jordfx
PASR = Price Action Support Resistance???
specifically ....PASR mean to look at Price Action at Support & Resistance
that what we all do all the time.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,202
  • Dec 23, 2012 10:45pm Dec 23, 2012 10:45pm
[quote=Vantage;6319006]
Quoting Hcp

Pretty much covered but:

1) 1.63 resistance level Apr and Sep '12 (and before that)
2) RN 1.63
3) W R2 1.6284
4) The D positive close on 20th failure to break the prev days high
5) The failure to follow through on 21st on prev days positive close
6) 4hr lower high at 1.6295
7) 1hr flow clearly flipped to lower high on 20th and 21st again
8) 1hr shooting star with little/no lower wick at the session/Y lows.

I know many of these reasons are pretty close to each other. In a nutshell I'd sum up as key resistance level proven...
Thank you Vantage for his post and sharing with us all here.

What I see in Vantage post is the consistency in the way he does his analysis and in how he places probability to the chart conditions and make trade decisions.

CONSISTENCY is very important the trading processes as I learned during the past few yearsas I had suffered whenever I failed to be consistent in the my trading.

Whenever Iread Vantage’ post here in FF, I get more confidence in when I see CONFLUENCEin his posts and my own view of the market condition.

Both CONSISTENCY and CONFLUENCE are two key factors which will help us become independent traders and to find and build our own edge in trading the market.

Thank you Vantage for your support in this thread to help us newbies learn to tradebetter.

SEASON’SGREETINGS!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,203
  • Dec 24, 2012 12:54am Dec 24, 2012 12:54am
Hi fellow traders....

I have an satic support resistance Indi called "KG Traping Mode" (attached). it's so powerfull indi to use in intra day trading. it give you significant support and resistance levels. I used it long time ago and make my view about satic support and resistance so clear. I just use it to determine exit point, I dont use it for enty point.

But the problem is, I dont know calculation behind this indie. is it based on S/R calculation, fib, pivot calculation, or another thing? coz I got it from my trading forum friends. I want to know about the calculation. maybe some of yu can help me...

thanks a lot...

best regrad..

tango one
Attached File(s)
File Type: mq4 KG Trapping Mode v21a.mq4   7 KB | 575 downloads
File Type: ex4 KG Trapping Mode v21a.ex4   8 KB | 430 downloads
I'm an under training pips hunter
  • #18,204
  • Dec 24, 2012 1:57am Dec 24, 2012 1:57am
Quoting tango-1
Hi fellow traders....

I have an satic support resistance Indi called "KG Traping Mode" (attached). it's so powerfull indi to use in intra day trading. it give you significant support and resistance levels. I used it long time ago and make my view about satic support and resistance so clear. I just use it to determine exit point, I dont use it for enty point.

But the problem is, I dont know calculation behind this indie. is it based on S/R calculation, fib, pivot calculation, or another thing? coz I got it from my trading forum friends. I...

Hi tango,

Wrong place to post such thing here when we are discussing trading thie M15 method.

One look at the code, I can tell you it is based on Day average range, and placing those lines using different percentages of the average day range and adding that above and below the current day open level... and call them buy stop, tp1, tp2, etc....

You can post in the FF Platform Tech forum and someone there who can read mql4 will help you.

There is another thread known as "Daily Break Strategy..." similar day trading method in this forum.

regards.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,205
  • Dec 24, 2012 2:22am Dec 24, 2012 2:22am
Hi Everyone,

It is the time of the year and I want to wish everyone Peace, Joy and Love of the season.

Attached is an indicator, copy that to your MT4 folder C:mt4 ...expertindicator

Copy the template to your template folder C: mt4.. template

Open a new chart (preferably use GBPJPY) and apply the template. Enjoy the chart and be blessed.

SEASON'S GREETINGs!
Attached File(s)
File Type: ex4 Seasons Greetings 2013.ex4   6 KB | 570 downloads
File Type: tpl seasons greetings 2013.tpl   5 KB | 520 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,206
  • Dec 24, 2012 2:26am Dec 24, 2012 2:26am
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1356299804

Hi Kyurem,

I am not sure what is your definition of a trigger candle . I think you need to sort this first.

In back-testing there is always the bias tendency due to hindsight as it is always ‘after the fact’ seeing all the history data. before and after a trigger candle.
[font=Verdana][size=3]However,one...
Hi Emmanuel,

Thanks for the detailed answer. I appreciate.

Season's greetings!
  • #18,207
  • Dec 24, 2012 2:38am Dec 24, 2012 2:38am
Christmas is time for loving, sharing, giving.

The good you do for others now is good you do for yourself in the future. May the good treasures of the present become the golden memories of tomorrow.

MERRY CHRISTMAS to you all!!

Ciara
Attached Image (click to enlarge)
Click to Enlarge Name: Heart and Soul.jpg Size: 73 KB
Ideas shape the course of history
  • #18,208
  • Dec 24, 2012 2:45am Dec 24, 2012 2:45am


Merry Christmas to Everyone
  • #18,209
  • Dec 24, 2012 2:47am Dec 24, 2012 2:47am
Quoting emmanuel7788
Hi Everyone,

It is the time of the year and I want to wish everyone Peace, Joy and Love of the season.

Attached is an indicator, copy that to your MT4 folder C:mt4 ...expertindicator

Copy the template to your template folder C: mt4.. template

Open a new chart (preferably use GBPJPY) and apply the template. Enjoy the chart and be blessed.

SEASON'S GREETINGs!...
Thanks a lot! I love it. Merry Christmas and Happy New Year!
Find your edge, make your system, stick to it.
  • #18,210
  • Dec 24, 2012 2:49am Dec 24, 2012 2:49am
Quoting emmanuel7788
Hi Everyone,

It is the time of the year and I want to wish everyone Peace, Joy and Love of the season.

Attached is an indicator, copy that to your MT4 folder C:mt4 ...expertindicator

Copy the template to your template folder C: mt4.. template

Open a new chart (preferably use GBPJPY) and apply the template. Enjoy the chart and be blessed.

SEASON'S GREETINGs!...
niiiiiiiice!!!!
  • #18,211
  • Dec 24, 2012 3:10am Dec 24, 2012 3:10am
Quoting emmanuel7788
Hi tango,

Wrong place to post such thing here when we are discussing trading thie M15 method.

One look at the code, I can tell you it is based on Day average range, and placing those lines using different percentages of the average day range and adding that above and below the current day open level... and call them buy stop, tp1, tp2, etc....

You can post in the FF Platform Tech forum and someone there who can read mql4 will help you.

There is another thread known as "Daily Break Strategy..." similar day trading method in this...
Thanks ....
I'm an under training pips hunter
  • #18,212
  • Dec 24, 2012 3:13am Dec 24, 2012 3:13am
Merry Christmas to all of you and your families and a Happy New Year !!!

Wish you all the best for 2013 !!!
  • #18,213
  • Dec 24, 2012 3:36am Dec 24, 2012 3:36am
Thanks Emmannuel,

That is beautiful and clever!!

Wishing everyone a Safe and Happy Christmas from Sydney Australia.

Lve and Best Wishes

Renata
  • #18,214
  • Dec 24, 2012 6:36am Dec 24, 2012 6:36am
Quoting tango-1
Hi fellow traders....
...
But the problem is, I dont know calculation behind this indie. is it based on S/R calculation, fib, pivot calculation, or another thing? coz I got it from my trading forum friends. I want to know about the calculation. maybe some of yu can help me...
Inserted Code
   Daily_Range_Average=(phigh-plow)/Point;
   
   F1=(Daily_Range_Average*0.382*Point);
   F2=(Daily_Range_Average*0.764*Point);
   F3=(Daily_Range_Average*1.146*Point);
   F4=(Daily_Range_Average*1.528*Point);

H1=F1 + Open[i-Start_Time];
H2=F2 + Open[i-Start_Time];
H3=F3 + Open[i-Start_Time];
H4=F4 + Open[i-Start_Time];
L1=Open[i-Start_Time] - F1;
L2=Open[i-Start_Time] - F2;
L3=Open[i-Start_Time] - F3;
L4=Open[i-Start_Time] - F4;
From code above, you can see its based on average daily range percent.
Find your edge, make your system, stick to it.
  • #18,215
  • Dec 24, 2012 7:23am Dec 24, 2012 7:23am
Merry Xmas to all Trader....

this my EU trade...Thk Arjun and all Trader for teaching so much and i really learn alot....

Long EU -after the Price break 200EMA and entry at PULL back....

15M - Entry Point

4H - the highlighted box consider POPGUN???

plz gv newbie some comment...

thk ....learn and contribute....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 29 KB
Click to Enlarge Name: 15m.gif Size: 32 KB
  • #18,216
  • Dec 24, 2012 7:32am Dec 24, 2012 7:32am
Merry Christmas and a very Happy New Year to all
  • #18,217
  • Dec 24, 2012 9:33am Dec 24, 2012 9:33am
EJ long

Nice moves today. I am not trading. The attached chart shows how I would like to think I would have managed this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-24_EJ_Long.png Size: 56 KB
  • #18,218
  • Edited 9:56am Dec 24, 2012 9:40am | Edited 9:56am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Surfer
Thanks Mr C

This post could lead to some really interesting discussion.
Your diagram looks like it comes from a book or course.
I am not sure if it references pin bars at tops/bottoms or for continuation moves (pullbacks which are also smaller tops/bottoms really).

Anyway, I spent some time going back through charts finding some pin bar examples (I do this quite often anyway)....

Hi Surfer, I agree it’s a text book setup, his question was on the daily chart to trade the M15, there are set ups and patterns that help confirm and reduce draw down.

As far as your examples from what I see I would have enterat nearly the same place as you on all but one like I said the PB gets my attention then I need a set up your analyses is truly lacking as you kind of point out.

This is what I saw on the daily, how you trade the M15 or any time frame from this is up to you there is no one book all you can do is trade what you see the secret of trading is doing what works for you and being consistent.

The text book shooting star in my previous post is to give afoundation on basic structure and S/R.

Paul

I wish you the best and a Happy New Year.
Attached Image (click to enlarge)
Click to Enlarge Name: PB1_002.jpg Size: 56 KB


Now if you are trading the D1 your S/L would have been over thePB or should have but we are trying to find setups on the M15 during LondonOpen like this trade you placed for 21 pips long on the very same Bearish PByou are talking about.

Here’s your chart, so I guess you are flexible or tradedboth ways or maybe there is something to the setup after all.
Attached Image (click to enlarge)
Click to Enlarge Name: PB2_001.png Size: 27 KB
Of all the things I've lost I miss my mind the most .
  • #18,219
  • Dec 24, 2012 10:19am Dec 24, 2012 10:19am
Quoting Surfer
EJ long

Nice moves today. I am not trading. The attached chart shows how I would like to think I would have managed this trade.
My thoughts exactly
  • #18,220
  • Dec 24, 2012 12:32pm Dec 24, 2012 12:32pm
BACKTESTING.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 21 KB
Click to Enlarge Name: 2.gif Size: 23 KB
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