Another simple system - Time-Frame 15 | Page 918 | 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

  • #18,341
  • Dec 28, 2012 4:44am Dec 28, 2012 4:44am
hi all let me join in this thread
does anyone has RN indicator for 4 digit price
thanks
  • #18,342
  • Dec 28, 2012 5:05am Dec 28, 2012 5:05am
Hi

Same trade on GU (early entry) but sl hit as I moved it. stopped out for +7
protecting account as it moved more than 20 pips. didn't wanna loser.

Attached Image (click to enlarge)
Click to Enlarge Name: gu4.jpg Size: 108 KB
  • #18,343
  • Dec 28, 2012 5:18am Dec 28, 2012 5:18am
Quoting stay.funny
hi all let me join in this thread
does anyone has RN indicator for 4 digit price
thanks

let me guess...you are using InstaForex, right?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,344
  • Dec 28, 2012 5:25am Dec 28, 2012 5:25am
Short on AUD/JPY with tight SL after a reject of MA50
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.PNG Size: 58 KB
Trade Safe !
  • #18,345
  • Dec 28, 2012 5:27am Dec 28, 2012 5:27am
Quoting Goodgame42
Yes at the RN 1.6100 SL 1.6109

EURGBP, ... looks like GBP won round one...so GBPUSD goes UP
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,346
  • Dec 28, 2012 5:32am Dec 28, 2012 5:32am
Quoting emmanuel7788
EURGBP, ... looks like GBP won round one...so GBPUSD goes UP
Yes great but I already closed my short on GBPUSD at 1.6080, +17pips !
Trade Safe !
  • #18,347
  • Dec 28, 2012 5:32am Dec 28, 2012 5:32am
Quoting Goodgame42
Short on AUD/JPY with tight SL after a reject of MA50
Buddy be careful while trying to catch tops and bottoms while PA is still active at those zones. Your LH, HL, HH, and LLs can easily repaint. Wait for confirmation. If you insist on trying to catch tops and bottoms then trade really small lots and keep stops extremely tight. Its a dangerous game.
  • #18,348
  • Dec 28, 2012 5:39am Dec 28, 2012 5:39am
Quoting emmanuel7788
let me guess...you are using InstaForex, right?
i'm using fxoptimax 4 digit
  • #18,349
  • Edited 7:00am Dec 28, 2012 5:54am | Edited 7:00am
Quoting Goodgame42
Short on AUD/JPY with tight SL after a reject of MA50

how do you read 'reject of 50MA' using M15 chart/candles?

Edit: added chart to explain how to read a price reject or pullback from 50EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: goodgame42 audjpy.PNG Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,350
  • Dec 28, 2012 5:56am Dec 28, 2012 5:56am
Quoting Goodgame42
Yes great but I already closed my short on GBPUSD at 1.6080, +17pips !

good trade ..with small SL 9 pips (R) and proift 17 pips ..that's 1.9R trade result. That's good RR.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,351
  • Dec 28, 2012 6:57am Dec 28, 2012 6:57am
Quoting emmanuel7788
how do you read 'reject of 50MA' using M15 chart/candles?
When the price approaches the 50MA it is rejected, it have difficultes to close above the MA, we are in downtrend and we take a short after a little retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.PNG Size: 48 KB
Trade Safe !
  • #18,352
  • Dec 28, 2012 7:04am Dec 28, 2012 7:04am
Quoting Goodgame42
When the price approaches the 50MA it is rejected, it have difficultes to close above the MA, we are in downtrend and we take a short after a little retracement.
http://www.forexfactory.com/attachme...1&d=1356699470

If you watch the last 4 M15 candle and how it closed bullish, it will take very strong sellers to reverse this back down.
There is no bearish momentum at your entry candle to help push price in your favour. You have to sit through several M15 periods where price move nowhere. This can affect your trade management if you manage manually.
Better to wait for 4xM15 candles to close to see the H1 candle close below 50EMA which is 10EMA on H1.
Attached Image (click to enlarge)
Click to Enlarge Name: goodgame42 audjpy.PNG Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,353
  • Dec 28, 2012 7:07am Dec 28, 2012 7:07am
Quoting stay.funny
i'm using fxoptimax 4 digit

ok, try this RN-grid.
I tested it using InstaForex which is 4-digit.
Attached File(s)
File Type: mq4 RN-grid.mq4   4 KB | 580 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,354
  • Dec 28, 2012 7:18am Dec 28, 2012 7:18am
Quoting emmanuel7788
ok, try this RN-grid.
I tested it using InstaForex which is 4-digit.
thanks it work well
  • #18,355
  • Dec 28, 2012 8:06am Dec 28, 2012 8:06am
emmanuel7788: I'm not sure I have understood everything. "Better to wait 4*M15 candles after the first candle H1 closed ?"
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.PNG Size: 48 KB
Trade Safe !
  • #18,356
  • Dec 28, 2012 8:33am Dec 28, 2012 8:33am
Quoting Goodgame42
emmanuel7788: I'm not sure I have understood everything. "Better to wait 4*M15 candles after the first candle H1 closed ?"
In simpler terms, Emmanuel is trying to say take your set ups from higher timeframes..H1 or H4..and only look for entries on 15m. With experience you begin to know how to 'see' the H1 and H4 candles directly from the 15mTF without bothering to switch TF charts to view whats going on upstairs. Alternatively many other folks simply use Multiple Charts open simultaneously on the same screen. Whichever works best for you. The advantage of cooking the setups on the HTF is that it helps to filter out the fakeys...(though you might also miss some pretty cool pips too)...but hey...you can't eat your cake and have it eh? hehehe!
  • #18,357
  • Dec 28, 2012 8:42am Dec 28, 2012 8:42am
Quoting jordfx
In simpler terms, Emmanuel is trying to say take your set ups from higher timeframes..H1 or H4..and only look for entries on 15m. With experience you begin to know how to 'see' the H1 and H4 candles directly from the 15mTF without bothering to switch TF charts to view whats going on upstairs. Alternatively many other folks simply use Multiple Charts open simultaneously on the same screen. Whichever works best for you. The advantage of cooking the setups on the HTF is that it helps to filter out the fakeys...(though you might also miss some pretty...
Ok thanks jordfx for explanations.
I always take a look on higher TF (Daily, H4, H1)
For you, what are the stages to take position ?
Trade Safe !
  • #18,358
  • Dec 28, 2012 8:57am Dec 28, 2012 8:57am
Quoting Goodgame42
Ok thanks jordfx for explanations.
I always take a look on higher TF (Daily, H4, H1)
For you, what are the stages to take position ?
Here's a setup i created using this excellent indy.

On one chart, you can see all timeframes, you then save it as a profile and repeat the process for all the symbols you want to trade. Each day, you simply press [Ctrl+F5] to flick through profiles to see if any setups stand out.

However, i stopped using this setup as you have to refresh the charts to update the indy candles, which was too tedious, but others may be inspired to come up with their own solution.

EURUSD - Multi TF

http://i.imgur.com/laxDF.png
Politics is the womb in which war develops.
  • #18,359
  • Dec 28, 2012 9:06am Dec 28, 2012 9:06am
Quoting FiatFap
Here's a setup i created using this excellent indy.

On one chart, you can see all timeframes, you then save it as a profile and repeat the process for all the symbols you want to trade. Each day, you simply press [Ctrl+F5] to flick through profiles to see if any setups stand out.

However, i stopped using this setup as you have to refresh the charts to update the indy candles, which was too tedious, but others may be inspired to come up with their own solution.

[size=3][b]EURUSD...
Thanks FiatFap but If I have to refresh the page every time, it will be tedious
Trade Safe !
  • #18,360
  • Dec 28, 2012 9:18am Dec 28, 2012 9:18am
Just closed the short on AUJ/JPY: +22 pips
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.PNG Size: 44 KB
Trade Safe !
5 traders viewing now