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Another simple system - Time-Frame 15

  • #19,121
  • Edited 8:37pm Jan 21, 2013 7:58pm | Edited 8:37pm
Quoting Downunder
I tried using LFH_Trading_Simulator as LE1 and Pat Chicko's post earlier in the thread. I can not get it to load between specific dates, if i untick the 'use date' it loads to 4dec 2012 only, but id like to back test a few years ago. anyone had same problems?
Hi Downunder,

This may have to do with the amount of history data in your MT4. Some brokers do no provide a lot of history data.
On your chart, for example using EURUSD, try to scroll back manually and see how back you can go.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,122
  • Jan 21, 2013 8:08pm Jan 21, 2013 8:08pm
AUDUSD week 04 Big Picture

Hi,

Attached below is my Big Picture view on AU.
On D, PA remains below 10EMA and H4 is narrow ranged sideway.
On M15, we can still trade with the trend of that moment following the smaller waves in M15, but the profits will be small and so must our initial SL to get a good RR.
Watch carefully the PA around RN and the 10/50/200 and 800EMAs. Look out for the market session opening and closing.
For today, watch out for the yesterday D OHLC. Since yesterday was a D Inside Bar of Friday larger D bar, breakout potential is there, question is can you spot the higher TF setup and on lower TF ... that elusive trigger on M15.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: AU Week 04 Big Picture 22-1-2013 9-09-06 AM.png Size: 86 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,123
  • Jan 21, 2013 8:29pm Jan 21, 2013 8:29pm
Quoting Downunder
I tried using LFH_Trading_Simulator as LE1 and Pat Chicko's post earlier in the thread. I can not get it to load between specific dates, if i untick the 'use date' it loads to 4dec 2012 only, but id like to back test a few years ago. anyone had same problems?
You also can download historical data from some websites, then export it to your MT4. The most detail data would be per thick and the size of the data is quite huge.
  • #19,124
  • Jan 21, 2013 10:04pm Jan 21, 2013 10:04pm
My EJ CT Swing trade trade. Already closed some positions at 119.500 and 120.000.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 44 KB
  • #19,125
  • Jan 21, 2013 10:09pm Jan 21, 2013 10:09pm
Quoting jordfx
My EJ CT Swing trade trade. Already closed some positions at 119.500 and 120.000.
beautiful entry. beautiful trade.
  • #19,126
  • Jan 21, 2013 10:27pm Jan 21, 2013 10:27pm
Trade update. Remaining positions stopped out 119.500. Too much red news volatility. But already took over 200pips off the table on both EJ and GJ. PLS THIS KIND OF TRADING IS NOT FOR NEWBIES. STICK TO BASIC SETUPS!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 42 KB
  • #19,127
  • Jan 21, 2013 10:35pm Jan 21, 2013 10:35pm
Quoting pkimnyc
beautiful entry. beautiful trade.
tnx buddy!
  • #19,128
  • Jan 21, 2013 10:45pm Jan 21, 2013 10:45pm
i'm taking 1/2 off here as well for geppy.

285 pips/2 =142.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy11.gif Size: 24 KB
  • #19,129
  • Jan 21, 2013 11:06pm Jan 21, 2013 11:06pm
Quoting pkimnyc
i'm taking 1/2 off here as well for geppy.

285 pips/2 =142.
! Woohw! Awesome catch at the top there! Why taking off only half? you see PA breaking below that 4H TL? Strong rejection going on at 141.000 on 15mtf
  • #19,130
  • Jan 21, 2013 11:13pm Jan 21, 2013 11:13pm
Quoting jordfx
! Woohw! Awesome catch at the top there! Why taking off only half? you see PA breaking below that 4H TL? Strong rejection going on at 141.000
it can have a bounce here, then test the upper tl again, forming a triangle. that's another form of head and shoulder. fake out at the upper tl of triagle would signal another batch of short orders. however, unlike long trades, i would take profit as i see fit as i consider this would be ct trade on monthly tf.
  • #19,131
  • Jan 21, 2013 11:28pm Jan 21, 2013 11:28pm
Quoting jordfx
My EJ CT Swing trade trade. Already closed some positions at 119.500 and 120.000.
Hi jordfx,

WOW! super trading.
everything consumed in one hour.
that's more like fast scalping using mutliple entries /multiple exits. well done!
this is no swing trading. LOL.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,132
  • Jan 21, 2013 11:35pm Jan 21, 2013 11:35pm
Quoting emmanuel7788
AUDUSD week 04 Big Picture

Hi,

Attached below is my Big Picture view on AU.
On D, PA remains below 10EMA and H4 is narrow ranged sideway.
On M15, we can still trade with the trend of that moment following the smaller waves in M15, but the profits will be small and so must our initial SL to get a good RR.
Watch carefully the PA around RN and the 10/50/200 and 800EMAs. Look out for the market session opening and closing.
For today, watch out for the yesterday D OHLC. Since yesterday was a D Inside Bar of Friday larger D bar, breakout potential...
After my post, market moved real quick.
Not sure how many Asian traders caught some for the pips.
Not market pause near 1.055 which is a key historical resistance. A break late may mean a new high will be made this week. Let's see if markt will give us this.

For practice, you can look at the chart now and learn from reading the PA and see how you could have entered your trades this morning having done the Big Picture planning before.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 22 Jan practice 22-1-2013 1-16-22 PM.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,133
  • Jan 21, 2013 11:43pm Jan 21, 2013 11:43pm
Quoting emmanuel7788
Hi jordfx,

WOW! super trading.
everything consumed in one hour.
that's more like fast scalping using mutliple entries /multiple exits. well done!
this is no swing trading. LOL.

regards,
. Tnx E. Learnt the Entries and Exit strategy 100% from your posts, so tnx a million. Your contributions are invaluable!
  • #19,134
  • Jan 21, 2013 11:47pm Jan 21, 2013 11:47pm
Quoting pkimnyc
it can have a bounce here, then test the upper tl again, forming a triangle. that's another form of head and shoulder. fake out at the upper tl of triagle would signal another batch of short orders. however, unlike long trades, i would take profit as i see fit as i consider this would be ct trade on monthly tf.
Thats impeccable analysis. You're on another level buddy. I don't even glance at monthly timeframe. till now that is! hehehe. Still learning a lot from you!
  • #19,135
  • Jan 21, 2013 11:53pm Jan 21, 2013 11:53pm
Quoting pkimnyc
it can have a bounce here, then test the upper tl again, forming a triangle. that's another form of head and shoulder. fake out at the upper tl of triagle would signal another batch of short orders. however, unlike long trades, i would take profit as i see fit as i consider this would be ct trade on monthly tf.

Looks like TL will break.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 24 KB
  • #19,136
  • Jan 21, 2013 11:54pm Jan 21, 2013 11:54pm
Quoting jordfx
Thats impeccable analysis. You're on another level buddy. I don't even glance at monthly timeframe. till now that is! hehehe. Still learning a lot from you!
I've waited long time for this on geppy.

http://www.forexfactory.com/showthre...03#post6015603
  • #19,137
  • Jan 21, 2013 11:56pm Jan 21, 2013 11:56pm
Quoting jordfx
Looks like TL will break.
Now you know why I didn't close out all.

At this point, for me, it doesn't matter if it breaks or not. I like to get in before breakout.
  • #19,138
  • Jan 22, 2013 12:48am Jan 22, 2013 12:48am
Quoting pkimnyc
i'm taking 1/2 off here as well for geppy.

285 pips/2 =142.
What was the reasoning behind this trade? What made you pull the trigger?

Fantastic stuff as always. I echo what Jord already said. I love your charts and hearing your market insight.
What is any ocean but a multitude of drops?
  • #19,139
  • Jan 22, 2013 12:54am Jan 22, 2013 12:54am
Quoting pkimnyc
I've waited long time for this on geppy.

http://www.forexfactory.com/showthre...03#post6015603
far back as september!!! Goodness me. You're a stalker!
  • #19,140
  • Jan 22, 2013 1:05am Jan 22, 2013 1:05am
Quoting emmanuel7788
After my post, market moved real quick.
Not sure how many Asian traders caught some for the pips.
Not market pause near 1.055 which is a key historical resistance. A break late may mean a new high will be made this week. Let's see if markt will give us this.

For practice, you can look at the chart now and learn from reading the PA and see how you could have entered your trades this morning having done the Big Picture planning before.
This is my answer, 15M ,1H, 4H...and some is about Inside Bar... can Emmanuel have a look?????
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15m.gif Size: 43 KB
Click to Enlarge Name: au h1.gif Size: 22 KB
Click to Enlarge Name: 4h.gif Size: 39 KB
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