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Another simple system - Time-Frame 15

  • #19,221
  • Jan 24, 2013 5:39pm Jan 24, 2013 5:39pm
Golden Post!!



Quoting jordfx
Here you go. Everything broken down to bits for you. Enjoy.
  • #19,222
  • Jan 24, 2013 5:40pm Jan 24, 2013 5:40pm
Quoting jordfx
Like Pkimnyc said, don't be so locked into your thinking about the EMAs. They're just guides. I personaly use (16, 96, 192 and 960emas) instead of (10, 50, 200 and 800emas) as taught by LE1. But this is just for some academic reasons I don't need to go into here. They are just guides. The principle is the same no matter the ema you use. Just learn to read price action with respect to any given ema and you'll be golden. Price is still always the same in every system.
Thx Jordf,

thx for your explanation, that makes sense to me, i also use a couple of ema´s on my graph, the ema´s works like a cushion when PA digs into them and relieves when PA is coming out of them. this somehow gives PA direction and when to enter the trade. but obviously is a bit out of this treath strategy, but the concept is the same.

thx
Helee
  • #19,223
  • Jan 24, 2013 6:14pm Jan 24, 2013 6:14pm
Something JordFx said about posting charts to learn heres one im currently in on demo.
comments welcome
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  • #19,224
  • Jan 24, 2013 6:16pm Jan 24, 2013 6:16pm
another one
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  • #19,225
  • Jan 24, 2013 6:18pm Jan 24, 2013 6:18pm
and another.

All comments welcome.

Great thread, thanks to all who contribute, Ill post more charts to get feedback on.

Cheers

W99
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  • #19,226
  • Jan 24, 2013 7:14pm Jan 24, 2013 7:14pm
Divergence lessons:

Here is s good recent video on TDI-Price Divergence in case you missed it.

http://www.compassfx.com/video/ip/12...2d821e60beb390


Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,227
  • Jan 24, 2013 8:35pm Jan 24, 2013 8:35pm
Quoting wizard99
and another.

All comments welcome.

Great thread, thanks to all who contribute, Ill post more charts to get feedback on.

Cheers

W99
That looks to me very late sell. Be careful with bull divergence.
  • #19,228
  • Jan 24, 2013 9:22pm Jan 24, 2013 9:22pm
Will do Thanks for feedback !!
  • #19,229
  • Jan 24, 2013 9:24pm Jan 24, 2013 9:24pm
Got Stopped out BE...? moved SL to soon....
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  • #19,230
  • Jan 24, 2013 10:23pm Jan 24, 2013 10:23pm
Quoting wizard99
Got Stopped out BE...? moved SL to soon....
How you manage your exits ill determine how much profit you get out of the volatile market condtion.
Learn how o use the volatility exit like this one called Chandelier Exit. See link.
http://forex-indicators.net/volatili...handelier-exit
Download the indicator there and set the parameter to suit your exits or stop management.

If you are trading M15 TF, you can consider to use the 2 times the H1 ATR(10). This will help you to stay in the trending market for as long as the trend runs. You use position sizing when you enter the market, and use scaling-out and scaling-in of your positions to maximise profits.
Forget about using Single Entry/Single Exit (SE/SE).
Single Extry/Multiple Exits (SE/ME) work better.
Multiple Entries /Multiple Exits (ME/ME) work best in trending market.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,231
  • Jan 24, 2013 10:29pm Jan 24, 2013 10:29pm
Quoting emmanuel7788
Divergence lessons:

Here is s good recent video on TDI-Price Divergence in case you missed it.

http://www.compassfx.com/video/ip/12...2d821e60beb390


Trade Well!
Wait.... so TDI going down with price going up is bullish? I always thought that indicated a bearish divergence.

Don't use indi's at all really, but would like to get a better understanding of this.
What is any ocean but a multitude of drops?
  • #19,232
  • Jan 24, 2013 10:34pm Jan 24, 2013 10:34pm
Thanks for the advice emmanuel I look into it.
Can I also ask you, could you post (again) sorry, your indi /EA thats shows 1R/2R/3R etc.
I found that very useful, but for the life of me cant find it again to DL and use.

Kind Regards

W99
  • #19,233
  • Jan 24, 2013 10:38pm Jan 24, 2013 10:38pm
Quoting Xhale12
Wait.... so TDI going down with price going up is bullish? I always thought that indicated a bearish divergence.

Don't use indi's at all really, but would like to get a better understanding of this.

There are some characteristic of TDI which is useful for trade planning and looking for the setups.
If you don't use TDI, then there is no divergence trading for you. and you still have other PA setups to trade with.

attached reading material which may help explain.
Attached File(s)
File Type: pdf BarbaraStar on Hidden Divergence.pdf   245 KB | 611 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,234
  • Jan 24, 2013 10:41pm Jan 24, 2013 10:41pm
Chandelier Exit

Quoting wizard99
Thanks for the advice emmanuel I look into it.
Can I also ask you, could you post (again) sorry, your indi /EA thats shows 1R/2R/3R etc.
I found that very useful, but for the life of me cant find it again to DL and use.

Kind Regards

W99
here is the post link.

http://www.forexfactory.com/showthre...99#post6331899
you can also look using the FF paper clip.

BTW, here is a chart showing the use of the Chandelier stop.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,235
  • Jan 24, 2013 10:48pm Jan 24, 2013 10:48pm
Thanks I guess I must have installed /placed in the Chandelier Exit in
wrong place as nothing showed up on my chart....Ill keep working at it.
Thanks again....
  • #19,236
  • Jan 24, 2013 10:54pm Jan 24, 2013 10:54pm
Thought some people might like this on flow, Peaks and Troughs by Martin Pring. Can't remember where I got it (could have even been this thread).
Attached File(s)
File Type: pdf Pring_Peaks And Troughs.pdf   181 KB | 664 downloads
  • #19,237
  • Jan 24, 2013 11:02pm Jan 24, 2013 11:02pm
Got it working Thanks !!
  • #19,238
  • Jan 24, 2013 11:11pm Jan 24, 2013 11:11pm
Quoting wizard99
Got it working Thanks !!

that's very good.
just have to play with the parameters and see which suits you best.
now your trading decisions will be visually made easier. LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,239
  • Jan 24, 2013 11:42pm Jan 24, 2013 11:42pm
Quoting wizard99
Something JordFx said about posting charts to learn heres one im currently in on demo.
comments welcome
Hey Wizard(really?? lol!), here are my thoughts on your trade. The same applies to the other charts you posted. Just keep doing the same thing everyday.
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  • #19,240
  • Jan 25, 2013 12:18am Jan 25, 2013 12:18am
Today. Already long EJ. Multiple positions. Multiple entries. Up 25pips now. Stops already at BE(+14 on some).
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