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Another simple system - Time-Frame 15

  • #19,621
  • Feb 5, 2013 10:50pm Feb 5, 2013 10:50pm
AUDUSD 6 Feb:

Two consecutive days of weak data sinks aussie. Tomorrow will be another weaker data release.
Today, PA sits on RN 1.035. I will be careful with any CT trade with Prev W Low 1.036 and Prev D 1.037 above current PA now.
Looking for Continuation trading.
Sell High is the order of the day.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,622
  • Feb 6, 2013 12:16am Feb 6, 2013 12:16am
Quoting peetee09
FXRobin hood

Lok at what VNFX is showing you, it is a much stronger case because of CONFLUENCE and S/R. It is not 'perfect/classic' but the learning is putting all the signals together. the high price just before entry, which the bars just touched is alsoexactly 50% retrace of the downmove, as well as the ADR . It is between the MAs which makes it weak, maybe quick scalp. (Ideally don't trade between MAs unless there is a LARGE gap and then it CT)

Using hindsight to see what happened on an hourly you will see that the pa bounced down off...
Thanks for the points.
Just a Q
could you help with YL?YH. I used the indicator with my own broker as well. It seems fine as the indicator draws the lines the same place that I drew them manually. So I am not sure if I should chane the time
To make sure. my broker time is +2 gmt. the indicator input zone is -7.
  • #19,623
  • Feb 6, 2013 12:27am Feb 6, 2013 12:27am
Quoting peetee09
FXRobihood, as Pkimynyc said 'way to many trades'
Don't practice discipline DO discipline :-) internalise it

Don't take a trade unless it is near perfect set up , yu can afford to lose a few mediocre trades, imo u may need to learn to NOT take a trade :-)
Practicing or doing discipline is not easy but possible. I need time. But to tell you the truth, not taking a trade is the most difficult.
I m supppoed to be studying for an exam but I am spending time in front of the charts everyday. kind of addicted to it.
I wasted a lot of time so I hope I can get disciplined and leave them for some hours and take care of my work and studies.
Maybe I should have a bonus or demo acc like before and take trades there when I cannot control myself.
  • #19,624
  • Feb 6, 2013 12:30am Feb 6, 2013 12:30am
Quoting mike1349
92-87= +5

not good at calculating
-93+85 = -8
  • #19,625
  • Feb 6, 2013 1:11am Feb 6, 2013 1:11am
Quoting emmanuel7788
AUDUSD 6 Feb:

Two consecutive days of weak data sinks aussie. Tomorrow will be another weaker data release.
Today, PA sits on RN 1.035. I will be careful with any CT trade with Prev W Low 1.036 and Prev D 1.037 above current PA now.
Looking for Continuation trading.
Sell High is the order of the day.

Trade Well!
Thanks Emmanuel.
If I read your post earlier I will jump in at the close of that arrow candle.
God bless you.
Attached Image (click to enlarge)
Click to Enlarge Name: au 6.2.2013.gif Size: 29 KB
Accept as it is being!
  • #19,626
  • Feb 6, 2013 1:31am Feb 6, 2013 1:31am
Quoting Vnfx
Thanks Emmanuel.
If I read your post earlier I will jump in at the close of that arrow candle.
God bless you.
http://www.forexfactory.com/attachme...1&d=1360134624

that arrow may look good for a trigger.
but there is danger lurking.... where do you think all the sellers have their stops above?
it can't be so easy for SM to let them get away.
I wait a little longer till LO for a higher price to sell.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,627
  • Feb 6, 2013 1:32am Feb 6, 2013 1:32am
Ej:
Be careful!
Divergence & candle pattern.
Eu :
candle pattern
Attached Images
Persian Gulf forever
  • #19,628
  • Feb 6, 2013 1:44am Feb 6, 2013 1:44am
Quoting parsfx
Ej:
Be careful!
Divergence & candle pattern.
Eu :
candle pattern
yes, that divergence look likely and also a H4 channel play if that confirm...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,629
  • Feb 6, 2013 1:56am Feb 6, 2013 1:56am
Quoting emmanuel7788;<br /> <br /> that arrow may look good for a trigger.<br /> but there is danger lurking.... where do you think all the sellers have their [B
stops above[/b]?
it can't be so easy for SM to let them get away.
I wait a little longer till LO for a higher price to sell.
Do you mean daily 200EMA?
Accept as it is being!
  • #19,630
  • Feb 6, 2013 2:18am Feb 6, 2013 2:18am
from 200 to 800 ema!
Attached Image (click to enlarge)
Click to Enlarge Name: sell 020613.gif Size: 262 KB
Persian Gulf forever
  • #19,631
  • Feb 6, 2013 3:01am Feb 6, 2013 3:01am
Quoting Vnfx
Thanks Emmanuel.
If I read your post earlier I will jump in at the close of that arrow candle.
God bless you.
Great Job!
That was so tempting but I avoided it.
  • #19,632
  • Feb 6, 2013 3:03am Feb 6, 2013 3:03am
mmmm
My idicator is set to -7 (which might be the default setting, but my broker is set to 0 GMT. The indicator should be set to the time zone of the data, so i have reset mine to 0. (and maybe u should set yours to +2)
It hasn't changed the line drawn because y/days h/l on euro was a standout, it would only change if a nwe high/low was made in the short period arond the start finish time. reset it and check how it works over a several days
In the end the price should repect it or it is of no value so keep an eye on th level the pa gets to over time
P
ps if others have a different better way pls say :-)


Quoting fxrobinhhood
Thanks for the points.
Just a Q
could you help with YL?YH. I used the indicator with my own broker as well. It seems fine as the indicator draws the lines the same place that I drew them manually. So I am not sure if I should chane the time
To make sure. my broker time is +2 gmt. the indicator input zone is -7.
  • #19,633
  • Feb 6, 2013 3:06am Feb 6, 2013 3:06am
yes that would probably work, methodone for junkie traders :-)

or
just come in one hour before Lndn open and stay for no more than 3 hours, or US sessionif easier
P



Quoting fxrobinhhood
Practicing or doing discipline is not easy but possible. I need time. But to tell you the truth, not taking a trade is the most difficult.
I m supppoed to be studying for an exam but I am spending time in front of the charts everyday. kind of addicted to it.
I wasted a lot of time so I hope I can get disciplined and leave them for some hours and take care of my work and studies.
Maybe I should have a bonus or demo acc like before and take trades there when I cannot control myself.
  • #19,634
  • Feb 6, 2013 3:19am Feb 6, 2013 3:19am
Quoting parsfx
from 200 to 800 ema!
You are great at catching quick moves.
  • #19,635
  • Feb 6, 2013 4:09am Feb 6, 2013 4:09am
ashamed to say but my 3 tardes failed again.

I m not listening to advices!!!
and lack discipline! should work on system rules and putting the whole pic together.

Attached Image (click to enlarge)
Click to Enlarge Name: 11-12-GU.png Size: 35 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 13-EU.png Size: 35 KB
  • #19,636
  • Feb 6, 2013 5:06am Feb 6, 2013 5:06am
[quote=fxrobinhhood;6423386]ashamed to say but my 3 tardes failed again.

I m not listening to advices!!!
and lack discipline! should work on system rules and putting the whole pic together.

Attachment


Hi fxrobinhood,

GU,

You sell too soon, because PA near the support level is yesterday low (YL). We should be more patient to see PA go beyond this level of support or will bounce off... I just trade CT when PA passed 10EMA at 1.56599.

I'm still trying to learn to be better.

If you need indicator YH, YL, you can find in this thread or you can request, I will send it back to you
  • #19,637
  • Feb 6, 2013 5:29am Feb 6, 2013 5:29am
My EJ, 1 Fail 1 won but lose Pips....

below are reason why take it...

some experience please give some comment....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.gif Size: 25 KB
Click to Enlarge Name: 4h.gif Size: 28 KB
Click to Enlarge Name: 15m.gif Size: 32 KB
  • #19,638
  • Feb 6, 2013 5:30am Feb 6, 2013 5:30am
[quote=tieutri;6423555]
Quoting fxrobinhhood
ashamed to say but my 3 tardes failed again.

I m not listening to advices!!!
and lack discipline! should work on system rules and putting the whole pic together.

Attachment


Hi fxrobinhood,

GU,

You sell too soon, because PA near the support level is yesterday low (YL). We should be more patient to see PA go beyond this level of support or will bounce off... I just trade CT when PA passed 10EMA at 1.56599.

I'm still trying to learn to be better.

If you need indicator YH, YL,...
Hi tieutri,

Thanks for your comment. I know I have problem in discipline. Thnx for the indic I found yesterday.
Besides I am not following what I read or what I hear.

It s funny!!!

I have been taking some random trades for the last 3 years and I just call them setups!!!

And then wondering why I am not making money or learning to make money!
  • #19,639
  • Feb 6, 2013 5:41am Feb 6, 2013 5:41am
[quote=tieutri;6423555]
Quoting fxrobinhhood
ashamed to say but my 3 tardes failed again.

I m not listening to advices!!!
and lack discipline! should work on system rules and putting the whole pic together.

Attachment


Hi fxrobinhood,

GU,

You sell too soon, because PA near the support level is yesterday low (YL). We should be more patient to see PA go beyond this level of support or will bounce off... I just trade CT when PA passed 10EMA at 1.56599.

I'm still trying to learn to be better.

If you need indicator...
Hihi, Fxrobinhood...

i am newbie too, hope u dont mind i put some comment, reason why i dint take the trade is because as tieutri said there was YL just below...before that i was made same misstake like u and Master LE1 remind me ...thk everyone for contribution and let newbie learn....
  • #19,640
  • Feb 6, 2013 5:44am Feb 6, 2013 5:44am
Quoting lowweiting
My EJ, 1 Fail 1 won but lose Pips....

below are reason why take it...

some experience please give some comment....

http://www.forexfactory.com/attachme...1&d=1360150098

you should only move your stops after each M15 candle close....

none of the M15 candles in your chart closed below the TP1 level!
when the M15 cnalde close below the TP1 price level, you move your initial SL to BE i.e. EP+2pips
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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