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Another simple system - Time-Frame 15

  • #19,841
  • Feb 19, 2013 4:59pm Feb 19, 2013 4:59pm
Quoting lowweiting
Thk Emmanuel for reply,

can explain more detail on below this two??

'look at the 4H high low when you enter your sell position' & 'small stop will not work when the volatility just increased'
see chart below for answer:
what does that H4 candle look like to you?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ M15 pre NYO 20-2-2013 6-53-54 AM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,842
  • Feb 19, 2013 5:04pm Feb 19, 2013 5:04pm
Quoting lowweiting
Hi Emmanuel, thk for post this chart...
after reading the material about IB u post here....thk u again...
but i dont really understand how u catch the breakout of mother Bar without 'confirmation candle'( in the IB reading material they called Triger Bar)

below is the chart u posted and i drawing something , hope u dont mind....

still new about IB hope Emmanuel can clear my doubt.... thk u
http://www.forexfactory.com/attachme...1&d=1361296194


This is H4 double IB breakout.
For you, I would suggest you always follow the IB breakout method closely. Wait for that H4 candle to close. Then go to M15 and wait for the retracement and look for the M15 trigger candle for entry.
Can you see the H1 and h4 candle pattern on a M15 chart?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,843
  • Feb 19, 2013 5:16pm Feb 19, 2013 5:16pm
Here is a follow up on EJ when NYO:
Attached Image (click to enlarge)
Click to Enlarge Name: EJ M15 NYO POMO 20-2-2013 7-07-35 AM.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,844
  • Feb 19, 2013 5:31pm Feb 19, 2013 5:31pm
Question:

See chart below and answer yourself whether that M15 candle was a good trigger for a buy.
If you have 5 techncial reasons , then you could have gone for that buy trade.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot_EURJPY_M15_2013.02.19 19_45.gif Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,845
  • Feb 19, 2013 5:59pm Feb 19, 2013 5:59pm
Everything line-up for the start when the sun rise...early bird special
Attached Image (click to enlarge)
Click to Enlarge Name: EJ M15 sunrise run 20-2-2013 7-53-51 AM.png Size: 184 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,846
  • Feb 19, 2013 10:41pm Feb 19, 2013 10:41pm
Another example of H4 Pin Bar and entry using Fib-r 38% and 50% of the H4 period.
This is one way how multiple timeframe can be use to look for trades and timing an entry on M15.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 19 Feb H4 Pin Bar example .png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,847
  • Feb 19, 2013 10:46pm Feb 19, 2013 10:46pm
EU 20 Feb Tokyo 4H:

with the D breakout, what does the last H4 candle look like to you?
where do you look for an entry if you wnat to trade a continuation of the day direction bias?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,848
  • Feb 20, 2013 2:10am Feb 20, 2013 2:10am
Took a quick scalp trade before FO.
small SL 17pips
TP1 +17pips, BE trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 20 Feb scalp trade 20-2-2013 4-03-19 PM.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,849
  • Feb 20, 2013 2:33am Feb 20, 2013 2:33am
Quoting emmanuel7788
Everything line-up for the start when the sun rise...early bird special
Would this be applicable for Eu H4 too?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD,H4_2013-02-20_10-29-12.png Size: 55 KB
  • #19,850
  • Feb 20, 2013 2:42am Feb 20, 2013 2:42am
Quoting emmanuel7788
EU 20 Feb Tokyo 4H:

with the D breakout, what does the last H4 candle look like to you?
where do you look for an entry if you wnat to trade a continuation of the day direction bias?
Is the "D breakout" you refer to yesterday's candle which closed higher than Monday, or today's price which broke yesterday's H?
Daily hasn't yet broken the D down trendline drawn from 1 February high. Same for H4 (obviously). Yet H candles are making HH and HL (possible divergence right now on H and M15).
I'm confused as to which direction to trade. Can you please advise?

Axiom
  • #19,851
  • Feb 20, 2013 2:47am Feb 20, 2013 2:47am
Quoting Axiom
Would this be applicable for Eu H4 too?
that is the base which I mentiioned in one post earlier.
that zone is the shadow of last week candle...and there was consolidation since last Friday and Monday which we waited for the Day inside bar breakout.
Now if we see a fall from a high, there is a potential for a down move to below 1.3300 breaking this base.
Sellers must wait like the bear catching the salomns swiming upstream till they all exhausted themslves and either die or be eaten like sashimi.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,852
  • Feb 20, 2013 2:50am Feb 20, 2013 2:50am
Quoting emmanuel7788
that is the base which I mentiioned in one post earlier.
that zone is the shadow of last week candle...and there was consolidation since last Friday and Monday which we waited for the Day inside bar breakout.
Now if we see a fall from a high, there is a potential for a down move to below 1.3300 breaking this base.
Sellers must wait like the bear catching the salomns swiming upstream till they all exhausted themslves and either die or be eaten like sashimi.
Hey there Emmanuel.

Could you upload the indi for Prev. D. Fib-r I see in the screenshots you've uploaded?

Thank you in advance,
Akis
  • #19,853
  • Edited 3:26am Feb 20, 2013 2:56am | Edited 3:26am
Quoting emmanuel7788
EU 20 Feb Tokyo 4H:

with the D breakout, what does the last H4 candle look like to you?
where do you look for an entry if you wnat to trade a continuation of the day direction bias?
this is mine newbie answer....just try ....

2 possibility for me to look for BUY

please view below chart ...
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4h.gif Size: 45 KB
  • #19,854
  • Feb 20, 2013 3:02am Feb 20, 2013 3:02am
Quoting Axiom
Is the "D breakout" you refer to yesterday's candle which closed higher than Monday, or today's price which broke yesterday's H?
Daily hasn't yet broken the D down trendline drawn from 1 February high. Same for H4 (obviously). Yet H candles are making HH and HL (possible divergence right now on H and M15).
I'm confused as to which direction to trade. Can you please advise?

Axiom
the previous day close bullish and with a breakout, I expect to trade the follow through. So my directional bias is to buy. But I look for a buy low condition.

the D breakout candle is yesterday D candle which can be seen clearer on D chart as shown below. But this breakout timing was at the tail end of the US session when liquidity is low. The follow through from this candle was not very strong when Tokyo open, that' normal due to the much lower liquiidty in Asian session. So we now look for a buy setup and trigger as usual.
Attached Image (click to enlarge)
Click to Enlarge Name: EU D example 20-2-2013 4-51-39 PM.png Size: 13 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,855
  • Feb 20, 2013 3:06am Feb 20, 2013 3:06am
Quoting emmanuel7788
Question:

See chart below and answer yourself whether that M15 candle was a good trigger for a buy.
If you have 5 techncial reasons , then you could have gone for that buy trade.
Answer is a bit late.

My reasons would be:
1. Bounce from fib 61.8 level of prev H4 candle and 50% level of prev D range (my brokerTime GMT-7)
2. Two doji candles before
3. Bounce from BRN 125.00
4. Candle closed above 10/50/200 ema's
5. Candle is strong with virtually no bottom wick
6. Prev H4 closed strongly above 10/50 ema's

Thanks for your assistance.

Axiom
  • #19,856
  • Edited 3:27am Feb 20, 2013 3:16am | Edited 3:27am
Quoting emmanuel7788
the previous day close bullish and with a breakout, I expect to trade the follow through. So my directional bias is to buy. But I look for a buy low condition.

the D breakout candle is yesterday D candle which can be seen clearer on D chart as shown below. But this breakout timing was at the tail end of the US session when liquidity is low. The follow through from this candle was not very strong when Tokyo open, that' normal due to the much lower liquiidty in Asian session. So we now look for a buy setup and trigger as usual.

[url="http://www.forexfactory.com/showthread.php?p=6458991#post6458991"][color=#0e5094]Posted...
So perhaps look for a buy on a retrace to BRN 1.3400 which is also Y High (1.33959) and also where M15 800ema (H1 200ema/H4 50ema) is now?

Axiom
  • #19,857
  • Feb 20, 2013 3:30am Feb 20, 2013 3:30am
Quoting tsipouro
Hey there Emmanuel.

Could you upload the indi for Prev. D. Fib-r I see in the screenshots you've uploaded?

Thank you in advance,
Akis
Hi Akis,

Please tell us any 3 ways how I use this Prev D Fib-r levels and I will post the indy later.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,858
  • Feb 20, 2013 3:33am Feb 20, 2013 3:33am
Quoting lowweiting
this is mine newbie answer....just try ....

2 possibility for me to look for BUY

please view below chart ...
you changed from SELL and BUy, that's good for you.
No CT trade for you until you master the Basic Setup.

Did you see the most recent H4 IB? catch that!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,859
  • Feb 20, 2013 3:54am Feb 20, 2013 3:54am
Quoting emmanuel7788
Hi Akis,

Please tell us any 3 ways how I use this Prev D Fib-r levels and I will post the indy later.

regards,
Ι've started reading your posts in this thread from the first one till the most recent.
I just want to have the indicators that are used in order to get to know them when the time comes.

Thank you in advance
  • #19,860
  • Feb 20, 2013 3:59am Feb 20, 2013 3:59am
Quoting emmanuel7788
you changed from SELL and BUy, that's good for you.
No CT trade for you until you master the Basic Setup.

Did you see the most recent H4 IB? catch that!


thk for reply...actually i not looking for sell...just type wrong....

is mine answer correct ??

i saw the IB on H4, u mean go to LTF look for BUY setup???
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