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Another simple system - Time-Frame 15

  • #19,761
  • Feb 14, 2013 3:31am Feb 14, 2013 3:31am

GU

One of the hardest tests in life is the test of your patience to wait for the right moment.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #19,762
  • Feb 14, 2013 3:44am Feb 14, 2013 3:44am
Quoting emmanuel7788
general direction is down, but with small SL 20pips, you don't survive the M15 noise especially when there support with the BRN 1.5500 and Prev-W Fib-r 161% CONFLUENCE right below when LO. H4 close MARUBOZU, so it is the BOUNCE thingy that you can scalp.

Market outlook is that GBP is weak after what BoE said this week.
Euro also wants to be weak or else recovery will be difficult.
Japan want a weaker JPY to boost their export.
In times of currency crisis, where do investors turn to?
BUY the safe haven .... USD as usual.
here is my chart to explain:

***caution the M15 TDI is not in favour right now...wait!
Attached Image (click to enlarge)
Click to Enlarge Name: GU 14 Feb POMO 14-2-2013 5-30-11 PM.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,763
  • Feb 14, 2013 4:03am Feb 14, 2013 4:03am
GU 14 Feb LO +2..
Now you see what happens....

ist there a M15 trigger?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 14 Feb GMT1000 trigger 14-2-2013 6-03-57 PM.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,764
  • Feb 14, 2013 4:12am Feb 14, 2013 4:12am
EU - Done 3 trades


Don’t worry about what others are saying behind your back.

They’re the ones who are finding faults with everyone else’s lives instead of fixing their own.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #19,765
  • Feb 14, 2013 4:14am Feb 14, 2013 4:14am
winning trade eur usd 20 pip tp
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  • #19,766
  • Feb 14, 2013 4:42am Feb 14, 2013 4:42am
Here is another example of sa H4 fib-r to 38% and 50% for entry.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 14 Feb example 14-2-2013 6-38-49 PM.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,767
  • Feb 14, 2013 4:45am Feb 14, 2013 4:45am
Quoting Vantage
One of the things the (legendary) Islander taught me was that Frankies hour often has a half hour reversal. Giving a nice 50 pip run down to the RN/W pivot.
Sold EJ again 124.98 after the retrace and move back into days trend. Target at the moment M1 124.28 but we'll see how pa looks when we get close.
  • #19,768
  • Feb 14, 2013 4:47am Feb 14, 2013 4:47am
Quoting Pat Chiko
GU

One of the hardest tests in life is the test of your patience to wait for the right moment.
You know you are really very witty. Leaving the photo Gibril used but changing the name as background on your charts. Nice quick come back!!
  • #19,769
  • Feb 14, 2013 5:40am Feb 14, 2013 5:40am
Quoting Vantage
Sold EJ again 124.98 after the retrace and move back into days trend. Target at the moment M1 124.28 but we'll see how pa looks when we get close.
Exit at RN 124, will post charts later with entries.
  • #19,770
  • Feb 14, 2013 6:42am Feb 14, 2013 6:42am
Hi,

Here is an example why I follow 4-hour period and look for Price Action using Candlestick patterns on H4.

Use your time for effective purpose like practice and learning.

Do Not Feed Monkeys.

Trade Well!
Attached Image (click to enlarge)
Click to Enlarge Name: CJ 14 Feb example 14-2-2013 8-29-30 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,771
  • Feb 14, 2013 9:51am Feb 14, 2013 9:51am
I just lost a trade -14 pip (GU)
Can someone explain more clearly for me?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-14_224327.jpg Size: 137 KB
  • #19,772
  • Feb 14, 2013 10:02am Feb 14, 2013 10:02am
Quoting tieutri
I just lost a trade -14 pip (GU)
Can someone explain more clearly for me?

Thanks
Just one of those things. I have a support area and W M2 both at 1.55, price didn't want to go lower for some 8hrs or so. When it looked like it wanted to go it failed. It happens.
  • #19,773
  • Edited 10:19am Feb 14, 2013 10:06am | Edited 10:19am
Quoting tieutri
I just lost a trade -14 pip (GU)
Can someone explain more clearly for me?

Thanks
watch bull div both 1hr, 15min. this can be a big upside potential.
  • #19,774
  • Feb 14, 2013 10:45am Feb 14, 2013 10:45am
Quoting Vantage
Just one of those things. I have a support area and W M2 both at 1.55, price didn't want to go lower for some 8hrs or so. When it looked like it wanted to go it failed. It happens.
Hi Vantage,

My chart does not specify W, M2

Thanks
  • #19,775
  • Feb 14, 2013 10:46am Feb 14, 2013 10:46am
Quoting pkimnyc
watch bull div both 1hr, 15min. this can be a big upside potential.
I used the TDI but the TF (15) I do not see divergence, TF(1h) I have seen.

Thank you, I will note in the next trade
  • #19,776
  • Feb 14, 2013 11:03am Feb 14, 2013 11:03am
Quoting tieutri
I just lost a trade -14 pip (GU)
Can someone explain more clearly for me?

Thanks
Hi Tieutri,

This method of trading relies heavily on what the higher TFs are doing so why not just watch the 4h TF for set ups?

Take a look at the chart below and ask yourself where you would rather be entering the market on a 4h chart?

This is what I was trying to express in my earlier post about watching the 4h TF for set ups and then dropping down to the 15m chart for entries. By watching the 4h charts you only have to check them every 4 hours and once you find a good 4h set up you can enter on the 15m TF with much more confidence.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 14th Feb 13 GU 4h Chart.jpg Size: 88 KB
Click to Enlarge Name: 14th Feb 13 EU 4h Chart.jpg Size: 83 KB
Click to Enlarge Name: 14th Feb 13 EU 15m Chart.jpg Size: 93 KB
  • #19,777
  • Feb 14, 2013 11:41am Feb 14, 2013 11:41am
Quoting stevepatt
Hi Tieutri,

This method of trading relies heavily on what the higher TFs are doing so why not just watch the 4h TF for set ups?

Take a look at the chart below and ask yourself where you would rather be entering the market on a 4h chart?

This is what I was trying to express in my earlier post about watching the 4h TF for set ups and then dropping down to the 15m chart for entries. By watching the 4h charts you only have to check them every 4 hours and once you find a good 4h set up you can enter on the 15m TF with much more confidence.
I have read your post yesterday and really appreciate that article. Thank for your feedback. I'm trying to learn the most basic of this thread. I always look at the HTF before took a trade and you gave me a different approach simpler.

Thanks a lot
  • #19,778
  • Feb 14, 2013 10:30pm Feb 14, 2013 10:30pm
Quoting tieutri
Hi Vantage,

My chart does not specify W, M2

Thanks
Hi tieutri

I don't really look at fibs as much as I should and I really don't look at big pic trend lines much at all. Every so often I get a surprise when things happen and they weren't on my chart.

Just looking at price action on 1hr (you've had some good 4hr tips), there were lots of lower wicks rejecting a move below 1.55 after LO. I think the arrow down would have been a reasonable set up candle (for now lets forget it closed at the pivot/RN). It went up maybe 18 pips if you were tight on entry. If I was taking a risk on a SR level like that I'd be using a tight stop, got to BE quickly and lived with the result.

I wouldn't be letting a trade at +18 hit a 20 pip stop rejecting a proven SR level if I could do anything about it.
  • #19,779
  • Feb 14, 2013 10:43pm Feb 14, 2013 10:43pm
Quoting allhappy
Dear Pat,
You Chart is Great.
Where can I get your TDI Indicator?.
If you don't mind, can share to us?
Thanks and bst rgds
allhappy
You are going to have to google and look as he can't help you any more he's outta here.

PS you don't need it. Go and have a look at yesterdays EJ charts with what you know from this thread and see what you would do where. Oh don't use any indicators at all as there isn't an indicator ever made that wouldn't have caught this one somewhere along the line. Have a look at the charts Pat posted if you like. I dare say break of ranges, pull backs to test breaks, lower highs will feature. Now have a look in good trend with 10ema.

Like I said you don't need an indi put there by someone who is showing no trades but showing the 'grail' indi to its best effect, i.e. strong daily runs that EJ has been giving us lately.
  • #19,780
  • Feb 15, 2013 4:17am Feb 15, 2013 4:17am
Quoting Vantage
Hi tieutri

I don't really look at fibs as much as I should and I really don't look at big pic trend lines much at all. Every so often I get a surprise when things happen and they weren't on my chart.

Just looking at price action on 1hr (you've had some good 4hr tips), there were lots of lower wicks rejecting a move below 1.55 after LO. I think the arrow down would have been a reasonable set up candle (for now lets forget it closed at the pivot/RN). It went up maybe 18 pips if you were tight on entry. If I was taking a risk on a SR level like...
I'm feeling better with your comments and words of others.Please be patient with people like me

Thanks a lot
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