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Another simple system - Time-Frame 15

  • #19,441
  • Jan 31, 2013 2:35pm Jan 31, 2013 2:35pm
Quoting Xhale12
Can you explain your reasoning a bit behind those entry points? I never seem to get in as early as you do.

Here was my trade....
take a look at consolidation zone. at the bottom of consolidation, 3 bars with lower wicks. what does that tell you?

and demand zones at the bottom of the range... should give you a clue.

that basically was the same case with geppy anyway.
  • #19,442
  • Jan 31, 2013 2:42pm Jan 31, 2013 2:42pm
Quoting pkimnyc
take a look at consolidation zone. at the bottom of consolidation, 3 bars with lower wicks. what does that tell you?

and demand zones at the bottom of the range... should give you a clue.

that basically was the same case with geppy anyway.
Thanks man...

Appreciate the insight as always.
What is any ocean but a multitude of drops?
  • #19,443
  • Jan 31, 2013 2:48pm Jan 31, 2013 2:48pm
Hello pkimnyc,

Am I on the right track?

Thanks.


Quoting pkimnyc
simple chart. identify where buying and selling had occurred yesterday. mark it on your chart, and where you sold. that will give you an answer to your question. if you want to learn that is...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
  • #19,444
  • Jan 31, 2013 2:49pm Jan 31, 2013 2:49pm
Quoting fxtrade13
Hello pkimnyc,

Am I on the right track?

Thanks.
see xhale's post. he was right on the spot.
  • #19,445
  • Jan 31, 2013 2:59pm Jan 31, 2013 2:59pm
Quoting pkimnyc
what are blue, yellow, and red lines on your chart? which mas?
I ve added more details on the screenshot. EJ after London Open.


Attached Image (click to enlarge)
Click to Enlarge Name: EJ-failed.png Size: 41 KB
  • #19,446
  • Jan 31, 2013 3:10pm Jan 31, 2013 3:10pm
Quoting Xhale12
Because your entries make absolutely no sense.
I will try to add more details on the screenshot and I would appreciate your feedback.


Attached Image (click to enlarge)
Click to Enlarge Name: GU-failed.png Size: 51 KB
  • #19,447
  • Jan 31, 2013 3:15pm Jan 31, 2013 3:15pm
Quoting fxtrade13
Hello pkimnyc,

Am I on the right track?

Thanks.
here you go.
Attached Image (click to enlarge)
Click to Enlarge Name: euro_10_15.gif Size: 35 KB
  • #19,448
  • Jan 31, 2013 3:17pm Jan 31, 2013 3:17pm
My late entry on GJ

Attached Image (click to enlarge)
Click to Enlarge Name: GJ- failed.png Size: 41 KB
  • #19,449
  • Jan 31, 2013 3:18pm Jan 31, 2013 3:18pm
Quoting jeank
Never never never never never never never give up¨. Some come with time and after many many failure. Psycho part.
thnx for the advice buddy. But after 3 years and not much improvement, I really feel exhasted now.
  • #19,450
  • Jan 31, 2013 3:19pm Jan 31, 2013 3:19pm
Hi everybody,

All my trades are green today !!
+ 1302.04 € before and after work

Good luck my friends !
Goodgame42.
Attached Image (click to enlarge)
Click to Enlarge Name: today.PNG Size: 80 KB
Trade Safe !
  • #19,451
  • Jan 31, 2013 3:20pm Jan 31, 2013 3:20pm
Quoting fxrobinhhood
I will try to add more details on the screenshot and I would appreciate your feedback.


Attachment
i know the daily trend is down, but what's momentum telling you on 4hr and 1hr chart now? were we really at down momentum yesterday?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro_10_16.gif Size: 24 KB
Click to Enlarge Name: euro_10_17.gif Size: 23 KB
  • #19,452
  • Jan 31, 2013 3:36pm Jan 31, 2013 3:36pm
Quoting fxrobinhhood
My late entry on GJ

Attachment
how many pips were you targeting?
  • #19,453
  • Jan 31, 2013 3:37pm Jan 31, 2013 3:37pm
Quoting pkimnyc
i know the daily trend is down, but what's momentum telling you on 4hr and 1hr chart now? were we really at down momentum yesterday?
I guess no. I looked at Daily and H4. PA was either retracing or swing to bullish so I thought at least it must be bullish on Thurs.
So I looked at M15 and I noticed 10 ema is moving above other ema and candle is closing above 10 ema. It was right at London open and I entered long.
This is how I analysed the GU movement.

Maybe meta4 shows a better pic. I appreciate your help.

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 62 KB
  • #19,454
  • Jan 31, 2013 3:40pm Jan 31, 2013 3:40pm
Quoting pkimnyc
how many pips were you targeting?
to be exact

Ep= 143.86
SL = 143.74
TP = 144.50

64 pips
  • #19,455
  • Jan 31, 2013 3:44pm Jan 31, 2013 3:44pm
Quoting fxrobinhhood
I guess no. I looked at Daily and H4. PA was either retracing or swing to bullish so I thought at least it must be bullish on Thurs.
So I looked at M15 and I noticed 10 ema is moving above other ema and candle is closing above 10 ema. It was right at London open and I entered long.
This is how I analysed the GU movement.

Maybe meta4 shows a better pic. I appreciate your help.

Attachment
cable was a tough shot now that i look at it. but geppy, euro, ej... all were in a nice consolidation.

using moving average in consolidation zones are suicide. if you have to stick to the system then you're best bet would be to wait for a breakout from the consolidation then look for entry points at pullbacks.
  • #19,456
  • Jan 31, 2013 3:53pm Jan 31, 2013 3:53pm
Quoting fxrobinhhood
to be exact

Ep= 143.86
SL = 143.74
TP = 144.50

64 pips
12 pips sl on geppy??? how did you figure that when your entry was right at the middle of consolidation zone?
  • #19,457
  • Jan 31, 2013 4:04pm Jan 31, 2013 4:04pm
adr high reached on geppy. same should be the case with ej.
  • #19,458
  • Jan 31, 2013 4:08pm Jan 31, 2013 4:08pm
Quoting pkimnyc
12 pips sl on geppy??? how did you figure that when your entry was right at the middle of consolidation zone?
I see. Maybe I am sticking too much to the emas and forgetting the whole picture.
Of course, I try to look at the trend line as well but I guess I have to put all the jigsaw together.
The sl was becuz I have burned a coulple of account mostly becuz of big sl or overtrading.
thanks for the feedback and help.
I guess I should go on silently. The posting and feedback helps more than silent reading.
  • #19,459
  • Jan 31, 2013 4:15pm Jan 31, 2013 4:15pm
Quoting fxrobinhhood
I see. Maybe I am sticking too much to the emas and forgetting the whole picture.
Of course, I try to look at the trend line as well but I guess I have to put all the jigsaw together.
The sl was becuz I have burned a coulple of account mostly becuz of big sl or overtrading.
thanks for the feedback and help.
I guess I should go on silently. The posting and feedback helps more than silent reading.
nothing's wrong with 12pips sl. don't get me wrong, but it should be with some logic and realistic.

i know with ma method, it's nearly impossible to have such small stops, but if you can pull it then it's fantastic.

smallest sl i've ever used on geppy was about 20, but it all depends on the size of the candle and which point you get in.

if you think you have missed the entry then just pass on. wait for reentry at the pullback. don't just get in without some probabilities on your side.
  • #19,460
  • Jan 31, 2013 5:35pm Jan 31, 2013 5:35pm
Quoting pkimnyc
i know the daily trend is down, but what's momentum telling you on 4hr and 1hr chart now? were we really at down momentum yesterday?
very good point made by pkimnyc.

here a picture may explain what I saw yesterday open.

when I see a strong D close, I would look for follow through the next day.
but I only look for a good entry on a pullback or retracement to 38% and 50%.
yesterday was a 200EMA bounce opportunity on GU for those faithfully stick to this 10/50/200/800EMA on M15 chart TF.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 31 Jan POMO.png Size: 40 KB
Click to Enlarge Name: GU 31 Jan M15 POMO.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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