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Another simple system - Time-Frame 15

  • #19,961
  • Feb 26, 2013 1:37am Feb 26, 2013 1:37am
Well done Emmanuel and others for good job to make sure this wonderful thread continue.

I saw those nice POPGUN pattern on daily of NJ, UJ, EJ & EURCAD and I feel like coming in and post.

Trade well everybody.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #19,962
  • Feb 26, 2013 2:34am Feb 26, 2013 2:34am
Quoting emmanuel7788
About 10EMA, 50EMA and 200EMA ...and what type of trader are you?

A lot have been posted by members here but ultimately it is you who have to do your own back-testing and learn the market structure using these 3 moving averages.
We are discussing tradin in the 15M timeframe in this thread. You have to ask yourself this questions:
Are you a 15M scalper?
Are you a intraday trader?
Are you a weekly short term swing trader?
Until you are know and sure of what type of trader you are, you then decide to trade...
Hi Emmanuel,

I started out in Forex two years ago by following Eelfranz thread, trading the 4h TF, he taught me a lot; it was very sad that he passed away recently.

Since those days I moved on to trading lower TFs, mostly 5m and 15m, with varying degrees of success and failure. Recently I moved back to the 4h TF and have become more of a swing trader, holding trades for days if not weeks and having much more consistency by doing this.

The 4h TF gives you much more time to prepare and it gives you a far better idea of the over all trend it allows you to ride out the smaller TF fluctuations in trend and still be in a trade because you are looking at the big picture and not looking at things through a magnifying glass.

If anyone is struggling to master the 15m TF i would strongly recommend stepping up to the 4h TF to see the BIG PICTURE and stop looking through a magnifying glass
  • #19,963
  • Feb 26, 2013 2:38am Feb 26, 2013 2:38am
Quoting stevepatt

If anyone is struggling to master the 15m TF i would strongly recommend stepping up to the 4h TF to see the BIG PICTURE and stop looking through a magnifying glass
Hi Steve
Is there a thread you recommend guys look at?
  • #19,964
  • Feb 26, 2013 3:17am Feb 26, 2013 3:17am
Quoting Vantage
Hi Steve
Is there a thread you recommend guys look at?
Probably best for people to spend more time looking at charts and less time looking at threads. Lol
What is any ocean but a multitude of drops?
  • #19,965
  • Feb 26, 2013 3:31am Feb 26, 2013 3:31am
Quoting Xhale12
Probably best for people to spend more time looking at charts and less time looking at threads. Lol
You're probably quite right!! But it is nice to hang around from time to time especially if you are trading 4hr.

I know Britpips Trading made easy for day charts is very good. He looks at D then 4hr re-entry.
  • #19,966
  • Feb 26, 2013 3:36am Feb 26, 2013 3:36am
Quoting Vantage
Hi Steve
Is there a thread you recommend guys look at?
This is a good place to start looking at 4h trading, I learned a lot from Eelfranz, http://www.forexfactory.com/showthread.php?t=291622.

I have found Arjun's system works well with 4h charts either entering straight from a 4h chart or dropping down to the 15m TF to get a better entry.

We all know that for this system to work, at it's best, you need to be aware of what is happening on the higher TFs so I have found it much easier to watch the 4h charts for setups rather than looking through a magnifying glass at the 15m charts. This way I can watch a lot more pairs and be far more prepared when a trade comes along and like I said in my previous post if you get your entry correct you can ride out the smaller TF corrections and ride the higher TF main trend.

I guess, like Emmanuel said, it's a matter of finding out what type of trader you are I guess I've just taken longer than most to find it
  • #19,967
  • Feb 26, 2013 5:46am Feb 26, 2013 5:46am
my EJ trade at NY open
+40

peace
dom
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Attached Image
  • #19,968
  • Edited 6:40am Feb 26, 2013 6:39am | Edited 6:40am
Quoting BorisViven
my EJ trade at NY open
+40

peace
dom
Dear BorisViven,
Congratulation for the pips. Could you please kindly explain the logic to take this trade?
Sorry for my stupid question.

Cheers.
Accept as it is being!
  • #19,969
  • Feb 26, 2013 6:53am Feb 26, 2013 6:53am
Quoting Vnfx
Dear BorisViven,
Congratulation for the pips. Could you please kindly explain the logic to take this trade?
Sorry for my stupid question.

Cheers.
Hi mate,

don't worry no stupid question

the price failed to cross the last day close once again.
it closed below the 10 ema on M5, and then retest it.
i managed the trade on M5/M1 TF

Peace
dom
  • #19,970
  • Feb 26, 2013 7:00am Feb 26, 2013 7:00am
Fail GU....

where my misstake???
Attached Image(s) (click to enlarge)
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  • #19,971
  • Feb 26, 2013 7:06am Feb 26, 2013 7:06am
Quoting BorisViven
Hi mate,

don't worry no stupid question

the price failed to cross the last day close once again.
it closed below the 10 ema on M5, and then retest it.
i managed the trade on M5/M1 TF

Peace
dom
Thanks for the explanation. I did not see it because my broker server time is different.
Wow, you are at top level now (coz consistant nailing pips).
Cheers.
Accept as it is being!
  • #19,972
  • Feb 26, 2013 7:24am Feb 26, 2013 7:24am
Quoting lowweiting
Fail GU....

where my misstake???
Dear Lowweiting,
I think your mistake is not moving SL to BE after +12pips as Master Arjun recommended.

Be patient.
Accept as it is being!
  • #19,973
  • Feb 26, 2013 8:15am Feb 26, 2013 8:15am
Hey guys, Ive read the firs 60 pages or so.... and reading your last posts, I've noticed that the system has changed from the rules in the very 1st post... Can someone direct me where to find the new system rules used?

Sorry for my english
  • #19,974
  • Feb 26, 2013 8:22am Feb 26, 2013 8:22am
Quoting lowweiting
Fail GU....

where my misstake???
If the 2 most important factors are trend and support/resistance then look to the left on your chart. You got entry in trend but have not seen the support levels. After LO price rejected 1.5140 then again just before NY open rejected move below 1.5130.

If you are going to take these trades fine, but you have to protect yourself quicker when price is rejecting a move below a support level.
  • #19,975
  • Feb 26, 2013 8:24am Feb 26, 2013 8:24am
2 trades 100 pips.
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  • #19,976
  • Feb 26, 2013 12:02pm Feb 26, 2013 12:02pm
Quoting BorisViven
my EJ trade at NY open
+40

peace
dom
Should have got in 30 pips or so earlier when taking this trade in my opinion. Where was your stop?
What is any ocean but a multitude of drops?
  • #19,977
  • Feb 26, 2013 2:04pm Feb 26, 2013 2:04pm
Quoting emmanuel7788
About 10EMA, 50EMA and 200EMA ...and what type of trader are you?

A lot have been posted by members here but ultimately it is you who have to do your own back-testing and learn the market structure using these 3 moving averages.
We are discussing tradin in the 15M timeframe in this thread. You have to ask yourself this questions:
Are you a 15M scalper?
Are you a intraday trader?
Are you a weekly short term swing trader?
Until you are know and sure of what type of trader you are, you then decide to trade that...

Hi Emmanuel7788,

Isnt this a process of evolution? 1st you start a scalper, then as you evolve in confidence, knowledge then you evolve to other types of trading, ultimately i think trading swings is better and less time consuming.

No??

Thx
  • #19,978
  • Feb 26, 2013 2:57pm Feb 26, 2013 2:57pm
Quoting jordfx
EJ +118pips

Hi jordfx,

Congratulations on your tradings, we learn from you, was just thode long wicks and the TL that made you to enter at that spot?
Other thin, what are those lines that shows the HTF 10 emas?

Thx

helee
  • #19,979
  • Edited 4:55pm Feb 26, 2013 4:49pm | Edited 4:55pm
Quoting emmanuel7788
About 10EMA, 50EMA and 200EMA ...and what type of trader are you?

A lot have been posted by members here but ultimately it is you who have to do your own back-testing and learn the market structure using these 3 moving averages.
We are discussing tradin in the 15M timeframe in this thread. You have to ask yourself this questions:
Are you a 15M scalper?
Are you a intraday trader?
Are you a weekly short term swing trader?
Until you are know and sure of what type of trader you are, you then decide to trade that TREND of the MOMENT. This is Price Action trading and not 10EMA and definitely not moving average trading....

http://www.forexfactory.com/attachme...1&d=1361833565

Thanks Emmanuel7788 for your dedication.
Accept as it is being!
  • #19,980
  • Feb 26, 2013 6:00pm Feb 26, 2013 6:00pm
EJ. Asia Session. +64pips x 5.
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