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Another simple system - Time-Frame 15

  • #19,041
  • Jan 18, 2013 12:36pm Jan 18, 2013 12:36pm
Some trades were with this strategy and only Price Action
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Trade Safe !
  • #19,042
  • Jan 18, 2013 2:56pm Jan 18, 2013 2:56pm
Quoting pkimnyc
regarding lagging indicators.

it's not which tools you use. it's how you use your tools.
there's been many posts about how indicators lag, hence some completely taken off those tools due to a lagging natures.
as posted many times, you are throwing away valuable informations that price alone do not give you.
i guarantee there are no books out there that you can read how to use it efficiently. you gotta take some time to study it.
took me nearly 3 years to study one tool, and i still make mistakes.

same trade, same setup was also taken on euro,...
Pkimnyc, I am learning to appreciate the awesome power of divergence more and more everyday. But, like I elaborated in one of my posts (earlier this year I think), I, for one, am not comfortable with the distraction of taking my eyes off PA to study indicators, if I can help it, so I have figured out a way to spot Divergence using PA and MAs, with respect to TLs and, on LTFs, BRNs. It works for me. I still get the same information the MACD indicator is..er..indicating (no pun intended lol). The lagging issue is just half the problem. Afterall MAs are lagging too! Even more than MACD i think. And so do TLs for that matter. They all tell us what happened in the PAST. It's how we analyse and infer the information they are disseminating that truly counts. So I agree with you wholeheartedly on the need to take some time to study them ALL(not just MACD). The most important thing is that we are all getting the same information, albeit using different tools, but like you said, It's not which tools you use. It's how you use your tools. So far...(and I still have along way to go! lol!)...the only information I still haven't figured out a way to discern from PA charts is VOLUME. That being said, i'm still trying to figure out too, how much CONSISTENT impact that information has to offer my trading performance and results. Thanks for your deeply enlightening insights into the workings of this often confusing endeavour we call FOREX TRADING. Your posts are deeply appreciated.
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  • #19,043
  • Jan 18, 2013 3:42pm Jan 18, 2013 3:42pm
topic "Another simple system - Time-Frame 15" makes me laugh Every system is simple, but 93% peoples loose money Really simple system to loose money The more indicators the worse
  • #19,044
  • Edited 4:43pm Jan 18, 2013 4:04pm | Edited 4:43pm
Quoting karolisl
topic "Another simple system - Time-Frame 15" makes me laugh Every system is simple, but 93% peoples loose money Really simple system to loose money The more indicators the worse
that's what you think.

just tell me how long you've been using it.
  • #19,045
  • Jan 18, 2013 4:30pm Jan 18, 2013 4:30pm
Quoting jordfx
Pkimnyc, I am learning to appreciate the awesome power of divergence more and more everyday. But, like I elaborated in one of my posts (earlier this year I think), I, for one, am not comfortable with the distraction of taking my eyes off PA to study indicators, if I can help it, so I have figured out a way to spot Divergence using PA and MAs, with respect to TLs and, on LTFs, BRNs. It works for me. I still get the same information the MACD indicator is..er..indicating (no pun intended lol). The lagging issue is just half the problem. Afterall MAs...
hi,

power of the tools, whether it's macd or others, isn't just for divergences. it also measures the power behind the price movements or trends. hence, you can stay with the trade longer than anyone just looking at the price. to give you an example, why did i stay with geppy long trade for many months? why was i ignoring all the short signals just by price? think about that.

althrough it is important to read what the given tools are telling you, i would not ignore the power of price. all my entry strategy is based on what indicators are telling me, then if conditions are right then look for price behavior to seek out entry points. not the other way around. hence, i had address the importance of knowing how to read tools.

regarding volume:

i wouldn't use volume as stand alone tool as there is no real volume in fx in traditional sense. always use supportive tools when reading volume.
  • #19,046
  • Jan 18, 2013 4:52pm Jan 18, 2013 4:52pm
Quoting karolisl
topic "Another simple system - Time-Frame 15" makes me laugh Every system is simple, but 93% peoples loose money Really simple system to loose money The more indicators the worse
Quoting karolisl
wtf, why euro is climbing up so fast ?
never mind my previous post. no offense, but this alone tells me you are clueless.
  • #19,047
  • Edited 5:47pm Jan 18, 2013 4:59pm | Edited 5:47pm
Quoting jordfx
Pkimnyc, I am learning to appreciate the awesome power of divergence more and more everyday. But, like I elaborated in one of my posts (earlier this year I think), I, for one, am not comfortable with the distraction of taking my eyes off PA to study indicators, if I can help it, so I have figured out a way to spot Divergence using PA and MAs, with respect to TLs and, on LTFs, BRNs. It works for me. I still get the same information the MACD indicator is..er..indicating (no pun intended lol). The lagging issue is just half the problem. Afterall MAs...
on the chart you've posted, where would your entry be at?

you can consider this as your weekend homework. i see my entries way before your confirmation.

hint: macd is not an entry picking tool. it is a momentum measuring tool. hence the trend direction tool as emmanuel did mention.
that's where common mistakes are made with new traders. often, they use macd to pick entries, then they come out and say macd lags too much... of course it does, in that sense. lol.
  • #19,048
  • Jan 18, 2013 8:40pm Jan 18, 2013 8:40pm
Quoting pkimnyc
on the chart you've posted, where would your entry be at?

you can consider this as your weekend homework. i see my entries way before your confirmation.

hint: macd is not an entry picking tool. it is a momentum measuring tool. hence the trend direction tool as emmanuel did mention.
that's where common mistakes are made with new traders. often, they use macd to pick entries, then they come out and say macd lags too much... of course it does, in that sense. lol.
Hi Pkimnyc
Possible entries. I am looking Resistance that becomes Support (PA).
Macd is tool to confirm
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  • #19,049
  • Jan 18, 2013 8:44pm Jan 18, 2013 8:44pm
Quoting fxdivergence
Hi Pkimnyc
Possible entries. I am looking Resistance that becomes Support (PA).
Macd is tool to confirm
Those are late entries. Not saying its bad. Those are good entry points. There are way more in earlier ones. Try to spot them and why.
  • #19,050
  • Jan 18, 2013 9:16pm Jan 18, 2013 9:16pm
Quoting pkimnyc
Those are late entries. Not saying its bad. Those are good entry points. There are way more in earlier ones. Try to spot them and why.
From your previous post, you had used 10/50ema crossover as signal of change of trend.
At same time, was pin-bar candle, which suggest it has rejected the previous resistance (from ranging market)
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  • #19,051
  • Jan 18, 2013 9:21pm Jan 18, 2013 9:21pm
Quoting fxdivergence
From your previous post, you had used 10/50ema crossover as signal of change of trend.
At same time, was pin-bar candle, which suggest it has rejected the previous resistance (from ranging market)
I don't look at ema crosses as trend change, and i dont use 10ma. You can use those for confirming the shift, but at the same time, you're giving up too many trading opportunities.

P.S. even earlier ones. I would like to see your reasons.
  • #19,052
  • Jan 18, 2013 9:27pm Jan 18, 2013 9:27pm
I guess I am Unconscious Incompetence to know what your looking at.

Previous post: I am look the 10ema as the signal. As much as I am look left at S&R. Looking into 15min. I would draw major trendlines
  • #19,053
  • Jan 18, 2013 9:35pm Jan 18, 2013 9:35pm
Quoting fxdivergence
I guess I am Unconscious Incompetence to know what your looking at.

Previous post: I am look the 10ema as the signal. As much as I am look left at S&R. Looking into 15min. I would draw major trendlines
Take your time and think about it. Switch to different tf if you have to. Doesn't have to be what I'm looking at. As long as you have good reasons, then thats what's important.

Hint: look hard enough. Look at it bar by bar.
  • #19,054
  • Jan 18, 2013 10:23pm Jan 18, 2013 10:23pm
Quoting pkimnyc
Take your time and think about it. Switch to different tf if you have to. Doesn't have to be what I'm looking at. As long as you have good reasons, then thats what's important.

Hint: look hard enough. Look at it bar by bar.
I see Daily charts at the bigger picture and PA to be aware of.
E.g. When I see pin-bar candle on weekly or daily. I know its rejection of price in that area.
Though I would drawn previous areas of Supply and Demand areas.

I'll zoom into 4H and draw major trendlines, before zooming into 15min and keeping Arjun rules.
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  • #19,055
  • Jan 18, 2013 10:31pm Jan 18, 2013 10:31pm
Quoting pkimnyc
never mind my previous post. no offense, but this alone tells me you are clueless.
What is any ocean but a multitude of drops?
  • #19,056
  • Jan 18, 2013 10:37pm Jan 18, 2013 10:37pm
Quoting pkimnyc
hi,

power of the tools, whether it's macd or others, isn't just for divergences. it also measures the power behind the price movements or trends. hence, you can stay with the trade longer than anyone just looking at the price. to give you an example, why did i stay with geppy long trade for many months? why was i ignoring all the short signals just by price? think about that.

althrough it is important to read what the given tools are telling you, i would not ignore the power of price. all my entry strategy is based on what indicators are...
Can you further elaborate on what you look for with MACD?
What is any ocean but a multitude of drops?
  • #19,057
  • Jan 19, 2013 1:48am Jan 19, 2013 1:48am
Quoting Xhale12
Can you further elaborate on what you look for with MACD?
Basic idea is to trade towards the direction of macd is pointing at. That's where immediate trend is at with momentum. See past history with the tool. It's not difficult to see.
  • #19,058
  • Jan 19, 2013 1:49am Jan 19, 2013 1:49am
Quoting jordfx
Pkimnyc, I am learning to appreciate the awesome power of divergence more and more everyday. But, like I elaborated in one of my posts (earlier this year I think), I, for one, am not comfortable with the distraction of taking my eyes off PA to study indicators, if I can help it, so I have figured out a way to spot Divergence using PA and MAs, with respect to TLs and, on LTFs, BRNs. It works for me. I still get the same information the MACD indicator is..er..indicating (no pun intended lol). The lagging issue is just half the problem. Afterall MAs...
Would hate to get into an indicator discussion, at least RSI is just a different setting to TDI. Anyway something to watch out for jordfx, pretty much on any TF, a lower high or higher low following divergence is normally a good set up.

Anyway a confluence here, divergence, LH LL cycle clearly broken with HL, HH, HL, RSI above 50 level. See arrow up. The RSI above 50 level a quicker indicator of trend change than the 200 ema.

If you don't like indi's then look at D flow. The HH HL.

Yes obviously I understand this is just 1 example and there'll be others where perhaps the RSI 50 cross doesn't work or conflicts with ema.
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  • #19,059
  • Jan 19, 2013 2:34am Jan 19, 2013 2:34am
Quoting pkimnyc
on the chart you've posted, where would your entry be at?

you can consider this as your weekend homework. i see my entries way before your confirmation.

hint: macd is not an entry picking tool. it is a momentum measuring tool. hence the trend direction tool as emmanuel did mention.
that's where common mistakes are made with new traders. often, they use macd to pick entries, then they come out and say macd lags too much... of course it does, in that sense. lol.
Tnx again for the reply buddy. Usually I have 2 entry criterias. One more aggressive. The other safer, even though, late. The first I've marked on the chart as the 10e break of the TL(I actually use 16e for academic reasons). The second ,safer entry for me, is the 10e(16e) cross of the 50e(I use 96e).
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  • #19,060
  • Jan 19, 2013 2:49am Jan 19, 2013 2:49am
Quoting Vantage
Would hate to get into an indicator discussion, at least RSI is just a different setting to TDI. Anyway something to watch out for jordfx, pretty much on any TF, a lower high or higher low following divergence is normally a good set up.

Anyway a confluence here, divergence, LH LL cycle clearly broken with HL, HH, HL, RSI above 50 level. See arrow up. The RSI above 50 level a quicker indicator of trend change than the 200 ema.

If you don't like indi's then look at D flow. The HH HL.

Yes obviously I understand this is just 1 example and there'll...
Tnx so much Vantage for the invaluable input as well. The HH,HL or LH, LL, etc cycle is implied in my use of the 10e(16e) break of the 50e(96e). I just don't factor it in until I actually get the break so as to help avoid the fakeys. Tnx so much.
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