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Another simple system - Time-Frame 15

  • #19,901
  • Feb 21, 2013 10:12pm Feb 21, 2013 10:12pm
Here is another example trading the H4 Inside Bar pattern breakout using trendline.
TL break will enable an early entry using M15 TF before the H4 brakout candle,
This must be supported with a strong Support and resistance level, in this example the Prev W Fib 161% and Prev D Fib 161% are used as the support with the Double Bottom chart pattern.
This is CT trade there is greater risk. So you can manage this risk with money management and position sizing.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 22 Feb H4 IB BO TL example 22-2-2013 2-03-25 PM.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,902
  • Feb 21, 2013 10:50pm Feb 21, 2013 10:50pm
Quoting emmanuel7788
EJ 22 Feb update GMT0400:

If you are not in this breakout move, you may be late. The last H4 close bullish pin-bar supported by Prev W Low.
There was a Trendline breakout then a re-test and price bounce off.

Wait for NYO and look for a retracement to the next support.
Hi Emmanuel

On getting in a breakout move, would a 50ema touch qualify as a support point (if this happened during London session), or would you like more confirmation in the form of fib levels, W OHLC, Y HL, etc?
I suppose a 50ema touch would just be more risky if it wasn't at any of the levels i mentioned above?

Axiom
  • #19,903
  • Feb 21, 2013 11:04pm Feb 21, 2013 11:04pm
Quoting Axiom
Hi Emmanuel

On getting in a breakout move, would a 50ema touch qualify as a support point (if this happened during London session), or would you like more confirmation in the form of fib levels, W OHLC, Y HL, etc?
I suppose a 50ema touch would just be more risky if it wasn't at any of the levels i mentioned above?

Axiom
I see price reaction at 50EMA and 200EMA as technical reaction due technical trading. Traders scalp at these levels for small pips. The bounce from these EMAs must be supported with CONFLUENCE with another key S&R such as historical levels, OHLC, weekly and dailiy fibo levels, RN,BRN, etc. What I look for is price momentum of the candles and the volatility of the price movements. What we want is that immediately after our entry, the price must move away from our initial SL quickly so that we can take some profit and BE our trades.
Sometimes, the small SL 20pips uised in the BASIC SETUP is the weakness of this method when we do not have good timing in our entries.

It is important to see H4 HH HL or LH LL and get that entry on the next retracement level.

Hope this is clear.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,904
  • Feb 21, 2013 11:05pm Feb 21, 2013 11:05pm
EJ

Double IB on H1 just formed. Trade a breakout up?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 31 KB
  • #19,905
  • Feb 21, 2013 11:09pm Feb 21, 2013 11:09pm
Quoting emmanuel7788
I see price reaction at 50EMA and 200EMA as technical reaction due technical trading. Traders scalp at these levels for small pips. The bounce from these EMAs must be supported with CONFLUENCE with another key S&R such as historical levels, OHLC, weekly and dailiy fibo levels, RN,BRN, etc. What I look for is price momentum of the candles and the volatility of the price movements. What we want is that immediately after our entry, the price must move away from our initial SL quickly so that we can take some profit and BE our trades.
Sometimes, the...
Yes. Thanks.
  • #19,906
  • Feb 21, 2013 11:20pm Feb 21, 2013 11:20pm
Quoting Axiom
EJ

Double IB on H1 just formed. Trade a breakout up?
current H4 candle not yet close, look weak ... I wait if I am not in a trade right and beware of LO fakey.

Edit: it is too close to Prev d Fib 50% , RN 123.50 and the H4 10EMA just above ...**** CONFLUENCE*** there so I expect some bounce due to technical trading.
D sellers will wait for selling near that level.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,907
  • Feb 22, 2013 12:37am Feb 22, 2013 12:37am
when the weather is warm and sunny, let the cows and bulls go out and graze.
Free range bulls and cows.
Get ready to round them up when skies get dark.
Attached Image (click to enlarge)
Click to Enlarge Name: free range bulls.png Size: 898 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,908
  • Feb 22, 2013 12:39am Feb 22, 2013 12:39am
Eu/EJ trades

EU +19
EJ +32

I took these two trades, with the intention to scalp.

H1 flow up, M15 flow up.
My entries were when price touched technical level M15 50ema, RN's below.
I took profits quickly because of:
EU
- H4 10ema overhead
- PPA level overhead
- 200ema overhead
- Prev D fib 50 overhead
EJ
- H4 10 ema overhead
- 200ema overhead
- RN overhead
- Prev D fib 50 overhead

Will wait for possible break of resistance and then retest of support for new entries.

Axiom
Edit: Price didn't move up immediately, but my SL's were small and M15 candles made some long lower wicks to give me some comfort during the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EU&EJ trades 20130222.png Size: 87 KB
  • #19,909
  • Feb 22, 2013 12:42am Feb 22, 2013 12:42am
Quoting Axiom
Eu/EJ trades

EU +19
EJ +32

I took these two trades, with the intention to scalp.

H1 flow up, M15 flow up.
My entries were when price touched technical level M15 50ema, RN's below.
I took profits quickly because of:
EU
- H4 10ema overhead
- PPA level overhead
- 200ema overhead
- Prev D fib 50 overhead
EJ
- H4 10 ema overhead
- 200ema overhead
- RN overhead
- Prev D fib 50 overhead

Will wait for possible break of resistance and then retest of support for new entries.

Axiom
Good trades and entry prices. Scalping is good when CT.

But those are unsafe timing for entries.
Do you know the 3-bar pullback entry method?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,910
  • Feb 22, 2013 12:47am Feb 22, 2013 12:47am
my EJ trade after london open this morning

+27 (sl 15)

peace
dom
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_M15_2.png Size: 2 KB
Attached Image
  • #19,911
  • Feb 22, 2013 12:50am Feb 22, 2013 12:50am
thank you so much Emmanuel for all the good work and all the excellent explanations you give to us in this thread.
I' m sure a lot of trades learn so much from you
Thanks again brother, you are great

peace
dom

Quoting emmanuel7788
Hi Boris,

You doen well. Pretty sharp trading.

I use your chart to explain my failed trade yesterday using that DBLHC H1 candle pattern.
First trade failed, second want recovered part of earlier loss.

This morning 22 Feb, there is a double IB H4 breakout setup. That is Plan A.

Trade Well.
  • #19,912
  • Feb 22, 2013 12:51am Feb 22, 2013 12:51am
Quoting emmanuel7788
Good trades and entry prices. Scalping is good when CT.

But those are unsafe timing for entries.
Do you know the 3-bar pullback entry method?
I have seen a couple of these trades in the past, but am unsure of what conditions are required to enter.
Questions:
What if a pullback is 4 or 5 candles (as per EU chart attached)?
What is the signal candle?
Does the location matter?

Would appreciate your advice.
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Pullback.png Size: 46 KB
  • #19,913
  • Feb 22, 2013 1:15am Feb 22, 2013 1:15am
Quoting Axiom
I have seen a couple of these trades in the past, but am unsure of what conditions are required to enter.
Questions:
What if a pullback is 4 or 5 candles (as per EU chart attached)?
What is the signal candle?
Does the location matter?

Would appreciate your advice.

Thanks.
Here is where I marked the 3-bar pullback on your chart.
The pullback must be back to the EMA 10 or 50 and the market must be trending.... not sideway.
I use this method to catch entry when the price already move away into a trend and I missed entry. Also use to add-in positions in a trending move.
I like the candle that pull away from the 10EMA as the trigger candle. ... must see momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-bar pullback entry.png Size: 133 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,914
  • Edited 1:53am Feb 22, 2013 1:28am | Edited 1:53am
Quoting emmanuel7788
Here is where I marked the 3-bar pullback on your chart.
The pullback must be back to the EMA 10 or 50 and the market must be trending.... not sideway.
I use this method to catch entry when the price already move away into a trend and I missed entry. Also use to add-in positions in a trending move.
I like the candle that pull away from the 10EMA as the trigger candle. ... must see momentum.
To me, the areas (except the last one) you marked show only 2 consecutive bars that make lower highs. Am i missing something?

Also to clarify regarding the entry candle:
Enter on touch of 10/50 ema or only after touch and positive momentum in the direction you want?
Enter on close of candle, or during candle after two conditions above are met, or break of last high?

Thanks
  • #19,915
  • Feb 22, 2013 2:29pm Feb 22, 2013 2:29pm
Hello friends:

Just one question, what is the way to use the EMA10 and EMA50?
Maybe it's a question already made ​​but looking at posts and can not find the answer.
Thank you very much.

Happy weekend
  • #19,916
  • Feb 23, 2013 6:46am Feb 23, 2013 6:46am
Quoting jnkarlos
Hello friends:

Just one question, what is the way to use the EMA10 and EMA50?
Maybe it's a question already made ​​but looking at posts and can not find the answer.
Thank you very much.

Happy weekend
hi jnkarlos,

welcome here.

soooo much to say about the 10 ema and 50ema...
Please read carefully the first 200 pages of this thread (specially the loveevery1 posts).
After, come back here and ask as many questions you want...

Personaly i spent hundred and hundred of hours on this thread, and i just begin to really understand how powerful is the 10 ema.
may be i'm not a very smart guy but here's is my experience...

thank you

peace
dom
  • #19,917
  • Feb 24, 2013 3:45am Feb 24, 2013 3:45am
Quoting henryduncan1
Thanks to share this simple system with us. I am going to try this system. I hope it will work well for me as well.
hey im trying to figure out what you said and what you are trading, in your chart you do follow the Ema but you dont follow the rules of TDI. i dont get it, in tdi you do short when red line above green and they are both under yellow line. please explain what you do, as your posted charts are depicting different system!
Price Is The Best Indicator Itself.
  • #19,918
  • Feb 24, 2013 2:39pm Feb 24, 2013 2:39pm
Thank you very much for the advice BorisViven:

I asked this question because in the first 200 posts do not mention the EMA 50, that's the main reason.

I will keep practicing.

Have a very good start of week.

Quoting BorisViven
hi jnkarlos,

welcome here.

soooo much to say about the 10 ema and 50ema...
Please read carefully the first 200 pages of this thread (specially the loveevery1 posts).
After, come back here and ask as many questions you want...

Personaly i spent hundred and hundred of hours on this thread, and i just begin to really understand how powerful is the 10 ema.
may be i'm not a very smart guy but here's is my experience...

thank you

peace
dom
  • #19,919
  • Feb 24, 2013 5:14pm Feb 24, 2013 5:14pm
Quoting Pat Chiko
Always focus on the front windshield and not the rearview mirror.
Good night ..., asked to tell me where I can find this indicator, I'm looking for him for more than two hours, but did not know how his name not meeting, please ask the pat chico or ciara or another member of the forum if I could help find him.
thank you in advance.
regards,
jvbs
Attached Image
Work very hard until you get there (excuse my english)
  • #19,920
  • Feb 24, 2013 6:52pm Feb 24, 2013 6:52pm
Hey jvbs,

this is the indicator that you are looking for....

Have a good trading.




Quoting jvbs
Good night ..., asked to tell me where I can find this indicator, I'm looking for him for more than two hours, but did not know how his name not meeting, please ask the pat chico or ciara or another member of the forum if I could help find him.
thank you in advance.
regards,
jvbs
Attached File(s)
File Type: ex4 THV4 TzPivotsD (Black).ex4   45 KB | 343 downloads
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