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Another simple system - Time-Frame 15

  • #20,001
  • Feb 27, 2013 9:30pm Feb 27, 2013 9:30pm
Quoting emmanuel7788
When you are on M15 chart timeframe all the time, do not lose sight os wheta happening on higher Tf like H1 and H4 where we look for the high probability setup conditions.

Here is EJ example yesterday.

There was a typical H1 pullback candle (S3)
There was a H1 3-Bar reversal CS pattern after that pullback candle.
Learn to reciognise all these in M15 chart.

what were you looking for when market open on 27 Feb?
Prev D closed Day IB. Did you see that?
Where are your support and resistance? OHLC, BRB, RN, Fibo levels, Pivots, Historical...
ya yesterday i was confuse by noise....i dint see what u found in H1....the reversal candle...thk Emmanuel again....

do Emmanuel hv OHLC indi??can share with us??
  • #20,002
  • Feb 27, 2013 9:47pm Feb 27, 2013 9:47pm
Trend trade, near the extreme of the upper range, genuine lower high. Little/no lower wick on entry candle, one of our trade rules that saved how many losing trades yesterday. +45.
Attached Image (click to enlarge)
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  • #20,003
  • Feb 27, 2013 9:50pm Feb 27, 2013 9:50pm
Quoting lowweiting
ya yesterday i was confuse by noise....i dint see what u found in H1....the reversal candle...thk Emmanuel again....

do Emmanuel hv OHLC indi??can share with us??
Have a look at the pivots indi on 1st page of my higher low lower high thread. Apart from pivots it has days open prev days high/low, fibs based on prev days range and you can adjust the start time to suit your requirements (just + or - the 1st setting). I use gmt + 2 and that seems to work just fine.
  • #20,004
  • Feb 27, 2013 10:37pm Feb 27, 2013 10:37pm
Quoting Vantage
Have a look at the pivots indi on 1st page of my higher low lower high thread. Apart from pivots it has days open prev days high/low, fibs based on prev days range and you can adjust the start time to suit your requirements (just + or - the 1st setting). I use gmt + 2 and that seems to work just fine.
thk Vantage, 1 more question...why i cant see my enter line in my chart???only it show my SL & TP ...

sorry for stupid question....
  • #20,005
  • Feb 27, 2013 10:43pm Feb 27, 2013 10:43pm
Quoting lowweiting
thk Vantage, 1 more question...why i cant see my enter line in my chart???only it show my SL & TP ...

sorry for stupid question....
Right click on chart, go down to properties. See common tab. If your show grid box is not ticked go to colors tab and give your grid a different colour to your chart background colour. If thats not it then I don't know???
  • #20,006
  • Feb 27, 2013 11:06pm Feb 27, 2013 11:06pm
Quoting mike1349
Actually I'll be in Parental Leave in 3 weeks.They pay me for 9 month while I am home and I wanna do exactly what you say.
I hope I make it,If not I gotta go back again
what is 'Parental Leave'? ... must be for looking after young kids / infants, right?

can I have that for looking after my aged parents? LOL.

You need to work on a long term plan to achieve finanical freedom and when you want to go full-time and trade for a living. It won't come easy and you won't know until you try. Many have tried, some failed, some succeeded, more will want to try because the lure of money is so great. But this is a business and not something you can start with ' I try' mindset. When you take that plunge, you want to succeed no matter what happens.

Nike has the slogan " Just Do It".

When you make that big decision to start, you must change that to "Just Do It Right, the First Time".

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,007
  • Edited Feb 28, 2013 12:02am Feb 27, 2013 11:11pm | Edited Feb 28, 2013 12:02am
Quoting Vantage
Right click on chart, go down to properties. See common tab. If your show grid box is not ticked go to colors tab and give your grid a different colour to your chart background colour. If thats not it then I don't know???
Quoting lowweiting
thk Vantage, 1 more question...why i cant see my enter line in my chart???only it show my SL & TP ...

sorry for stupid question....

Here is some keyboard shortcuts:

to turn on /off the grid lines on your charts: hit CTRL + G at same time

for the vertical lines separating each new trading day: CTRL + Y ....

Please don't ask me what is CTRL?

if you have a mouse with scroll button, press on the scroll button and tell me what you see on your chart.

Do Not listen to market noise. Play with your keyboard and mouse instead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,008
  • Feb 27, 2013 11:17pm Feb 27, 2013 11:17pm
Quoting lowweiting
ya yesterday i was confuse by noise....i dint see what u found in H1....the reversal candle...thk Emmanuel again....

do Emmanuel hv OHLC indi??can share with us??
Reason why you did not see the H1 3-bar reversal setup was simply you were not looking for it. Now that you know this 3-bar reversal patter, you keep this in your arsenal of trading setups under Candlestick Patterns.

You can be lazy in many other things in life, but when you want to be a professional trader, you cannot be that lazy that you cannot draw 4 lines on your M15 chart using the Previous D Open High Low and Close.

Just do it, it will help you appreciate why you do that everdyday even more.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,009
  • Feb 28, 2013 12:21am Feb 28, 2013 12:21am
By watching the 4h charts for trend and 1h charts for setups we would be able to see these candle patterns a lot easier than trying to spot them on the 15m TF. We only need to look at the 15m TF when we're looking to trigger a trade which is in sync with the 4h trend and we have a 1h setup this way more pairs can be monitored and it takes less screen time.
  • #20,010
  • Feb 28, 2013 2:25am Feb 28, 2013 2:25am
Quoting stevepatt
By watching the 4h charts for trend and 1h charts for setups we would be able to see these candle patterns a lot easier than trying to spot them on the 15m TF. We only need to look at the 15m TF when we're looking to trigger a trade which is in sync with the 4h trend and we have a 1h setup this way more pairs can be monitored and it takes less screen time.
yes, fully agree.

It is an everyday process ....
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,011
  • Feb 28, 2013 2:29am Feb 28, 2013 2:29am
EU 28 Feb LO:

EU consolidating for 2 4-H periods.... waiting for some stimulus to move.
Swissy just moved following the poistive Swiss GDP data but not that much yet.

Edit: UChf ...watch 9280..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,012
  • Feb 28, 2013 2:47am Feb 28, 2013 2:47am
Quoting emmanuel7788
Reason why you did not see the H1 3-bar reversal setup was simply you were not looking for it. Now that you know this 3-bar reversal patter, you keep this in your arsenal of trading setups under Candlestick Patterns.
Had an indi written for this, see post 1 http://www.forexfactory.com/showthread.php?t=108544
  • #20,013
  • Feb 28, 2013 3:20am Feb 28, 2013 3:20am
Quoting Vantage
Had an indi written for this, see post 1 http://www.forexfactory.com/showthread.php?t=108544

Thanks.
Will check that out later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,014
  • Feb 28, 2013 3:26am Feb 28, 2013 3:26am
28 Feb LO ... market is pro-USD and JPY.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,015
  • Feb 28, 2013 5:23am Feb 28, 2013 5:23am
EU 28 Feb :

A CT trade using H1 Inside Bar breakout.
Small SL 18pips, TP1 +36pips - 2R trade.
Now BE remaining positions.

Beware of London close!!!
Attached Image (click to enlarge)
Click to Enlarge Name: EU 28 Feb Lo Trade H1 IB 28-2-2013 7-13-39 PM.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,016
  • Feb 28, 2013 5:33am Feb 28, 2013 5:33am
Quoting emmanuel7788
EU 28 Feb outlook:

EU D is showing 3-bar D bullish reversal.
But I shall wait in lower TF BUY low....
Remember this post made ealry this morning Tokyo open time.

Now EU on M15 show bullish divergance at BRN and Prev D Fib-r 50%.... hmmmm..
Attached Image (click to enlarge)
Click to Enlarge Name: EU 28 Feb pre-NYO bullish divergence 28-2-2013 7-34-37 PM.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,017
  • Feb 28, 2013 5:57am Feb 28, 2013 5:57am
EJ 28 Feb 1hr to NYO.

Anyone sold EJ ?

H4 looks pretty closing in 3 mins..... but you cant do that with small SL 20pips for this pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,018
  • Feb 28, 2013 6:01am Feb 28, 2013 6:01am
Quoting emmanuel7788
Reason why you did not see the H1 3-bar reversal setup was simply you were not looking for it. Now that you know this 3-bar reversal patter, you keep this in your arsenal of trading setups under Candlestick Patterns.

You can be lazy in many other things in life, but when you want to be a professional trader, you cannot be that lazy that you cannot draw 4 lines on your M15 chart using the Previous D Open High Low and Close.

Just do it, it will help you appreciate why you do that everdyday even more.
i think this is what u call 3 Bar reversal candle in below chart????

end out with BE....
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.gif Size: 34 KB
  • #20,019
  • Feb 28, 2013 6:13am Feb 28, 2013 6:13am
Quoting lowweiting
i think this is what u call 3 Bar reversal candle in below chart????

end out with BE....
http://www.forexfactory.com/attachme...1&d=1362052858

yes, but that must occur at a key S&R CONFLUENCE.
I prefer bar 3 to have a lower low than bar 1 and the body must show momentum.

why your trade end with BE is how you manage your exits.
If you use the proven and tested R-multiple trade management method and scaling out and scaling in, your trade results will make a lot of difference.

It is ME/ME....trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,020
  • Feb 28, 2013 6:15am Feb 28, 2013 6:15am
Quoting emmanuel7788
Remember this post made ealry this morning Tokyo open time.

Now EU on M15 show bullish divergance at BRN and Prev D Fib-r 50%.... hmmmm..
4H closed below 10EMA, not a BUYing mood for me....am i wrong??
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