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Another simple system - Time-Frame 15

  • #20,021
  • Feb 28, 2013 6:22am Feb 28, 2013 6:22am
Quoting lowweiting
4H closed below 10EMA, not a BUYing mood for me....am i wrong??
Your mood is your emotion. That is least important.

M15v divergence can get eroded quickly and fade away with a few candles.

Look at H4 and H1 and their TDI.

See a H1 inside Bar????
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,022
  • Feb 28, 2013 6:23am Feb 28, 2013 6:23am
Quoting emmanuel7788
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....
ya i think should be ....

below chart with R multiple trade MM is that correct ??
Attached Image (click to enlarge)
Click to Enlarge Name: 1h rr.gif Size: 26 KB
  • #20,023
  • Feb 28, 2013 6:25am Feb 28, 2013 6:25am
Quoting emmanuel7788
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.

Hi emmanuel7788,

CTRL=Control

small payback time. lol

Helee
  • #20,024
  • Feb 28, 2013 6:42am Feb 28, 2013 6:42am
Quoting lowweiting
ya i think should be ....

below chart with R multiple trade MM is that correct ??

http://www.forexfactory.com/attachme...1&d=1362054175

well, if you use that script and place the EP where your Entry Price is, the technical initial SL be the last swing high, that is your SL in pips is the R and you use this R to calculate your position size.
You then manage your exits, ...
when price move +1R, you decide to take partial profits ansd scale out some positions. and BE remaining trades.
when price move further to 2R. you move your stop to the 1R price level and protect your profits.
This is one simple way to manage using R-Multiple method.

Scaling in more positions is another story. You do so only when you have some profits in your pocket and you add more trades in your favour with the profits.

But entry is very important. For that setup above, you could have waited for the H4 period to close and look for a bettr entry price. Remember, I always look for Fib-r to 38% and 50%. This will give you a better entry price most often.

Did you read the Agustin Silvani book 'Beat the Forex Dealer' which I posted some pages in thread?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,025
  • Feb 28, 2013 6:45am Feb 28, 2013 6:45am
EU 15mins to NYO...
that last M15 spike up is telling you something....

it is like clearing the minefield left behind....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,026
  • Feb 28, 2013 6:50am Feb 28, 2013 6:50am
Quoting emmanuel7788
EU 15mins to NYO...
that last M15 spike up is telling you something....

it is like clearing the minefield left behind....

Is this what Master Arjun called the 1st touch of the 200ema? to ignore it.. and look for the 2nd?
  • #20,027
  • Feb 28, 2013 7:12am Feb 28, 2013 7:12am
Quoting emmanuel7788
EU 15mins to NYO...
that last M15 spike up is telling you something....

it is like clearing the minefield left behind....
Very well spotted.

I love trading the minesweepers.

That was 15 pips.

  • #20,028
  • Feb 28, 2013 7:21am Feb 28, 2013 7:21am
Quoting matlobien
Very well spotted.

I love trading the minesweepers.

That was 15 pips.

...
hey man, you took my last stops at BE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,029
  • Feb 28, 2013 7:21am Feb 28, 2013 7:21am
Quoting emmanuel7788
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!!!
thk Emmanuel for quick reply,

For IB question, for IB trade i will wait for breakout candle closed below or above mother Bar...thn looking for entry...

but for Emmanuel, i saw u take opportunity when u saw IB form like today in LO and EU 1H IB last hour ago,

for LO IB break out Trade- the reason u SELL after IB is because of Price bounce off YH 2 time ?? and u know that the price will pull back before it continue going UP...

for 1H 's IB last Hour ago - i think u catch it , the reason u BUY after IB without wait for breakout candle confirmation candle like me, reason is price bounce off 50% FIB of yesterday candle, and just now u said divergence in 15M????

sorry on my poor english....

really learn alot form Emmanuel and hope can learn more again....
  • #20,030
  • Feb 28, 2013 7:37am Feb 28, 2013 7:37am
Quoting lowweiting
thk Emmanuel for quick reply,

For IB question, for IB trade i will wait for breakout candle closed below or above mother Bar...thn looking for entry...

but for Emmanuel, i saw u take opportunity when u saw IB form like today in LO and EU 1H IB last hour ago,

for LO IB break out Trade- the reason u SELL after IB is because of Price bounce off YH 2 time ?? and u know that the price will pull back before it continue going UP...

for 1H 's IB last Hour ago - i think u catch it , the reason u BUY after IB without wait for breakout candle confirmation...
your English is far better than my French. LOL.

For IB trading, the textbook way is to take an entry from the Mother bar of the IB.
But, breakout candles are very strong and it is difficult to do manual entry. I also do not like to use pending orders.
So I take a trade ealry in lower TF like in this M15 example when I see a price momentum with a trendline break.
All these decision supported with what I see ... toppisch, S&R tested and re-tested, etc.

http://www.forexfactory.com/attachme...1&d=1362050505
Attached Image (click to enlarge)
Click to Enlarge Name: EU 28 H1 IB breakout early entry 28-2-2013 9-29-37 PM.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,031
  • Feb 28, 2013 8:55am Feb 28, 2013 8:55am
EU 28 Feb:

A H4 Fib-r 30% and 50% entry to get a better entry price.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 28 Feb Fib 38 50 28-2-2013 10-33-23 PM.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,032
  • Feb 28, 2013 9:24am Feb 28, 2013 9:24am
Quoting emmanuel7788
your English is far better than my French. LOL.

For IB trading, the textbook way is to take an entry from the Mother bar of the IB.
But, breakout candles are very strong and it is difficult to do manual entry. I also do not like to use pending orders.
So I take a trade ealry in lower TF like in this M15 example when I see a price momentum with a trendline break.
All these decision supported with what I see ... toppisch, S&R tested and re-tested, etc.

http://www.forexfactory.com/attachme...1&d=1362050505...
thk again EMmanuel,

below chart was 2 question, can help me have a look???
Attached Image (click to enlarge)
Click to Enlarge Name: 1h ib 2 question.gif Size: 39 KB
  • #20,033
  • Feb 28, 2013 9:33am Feb 28, 2013 9:33am
Quoting lowweiting
thk again EMmanuel,

below chart was 2 question, can help me have a look???
http://www.forexfactory.com/attachme...1&d=1362065081

Are you a scalper or intraday trader?

I am an intraday trader and short-term swing trader

I trade the H4 candle direction.

Do not forget the H4 OHLC

Is there a H1 bullish reversal?... NO. So that H1 IB breakout UP is a false break. That is when I look for the H4 CONTINUATION.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,034
  • Feb 28, 2013 9:48am Feb 28, 2013 9:48am
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1362065081

Are you a scalper or intraday trader?

I am an intraday trader and short-term swing trader
Do not forget the H4 OHLC

Is there a H1 bullish reversal?... NO. So that H1 IB breakout UP is a false break. That is when I look for the H4 CONTINUATION.
thk Emmanuel,

how to know which type of trader we are... sorry

can point me H4 OHLC and what it for?? sorry

i though the Break out IB is one of the reversal candle.......
  • #20,035
  • Feb 28, 2013 4:00pm Feb 28, 2013 4:00pm
Quoting lowweiting
thk Emmanuel,

how to know which type of trader we are... sorry

can point me H4 OHLC and what it for?? sorry

i though the Break out IB is one of the reversal candle.......
Hi lowweiting,

sorry for not replying earlier. It was my bedtime.

you have 3 questions so I am thinking how to answer them for benefit of all.

give me some time till later.

Now EU has another H4 IB show up.... to trade.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,036
  • Feb 28, 2013 5:25pm Feb 28, 2013 5:25pm
Quoting emmanuel7788
Hi lowweiting,

sorry for not replying earlier. It was my bedtime.

you have 3 questions so I am thinking how to answer them for benefit of all.

give me some time till later.

Now EU has another H4 IB show up.... to trade.

regards,
LOl.... u such a nice person
  • #20,037
  • Feb 28, 2013 7:07pm Feb 28, 2013 7:07pm
EU 1 Mar:

EU will start a new day and a new month candle.
What will the market make today' new D candle?
I wish for a high OB to encapsulate yestreday' D and the previous Day.
But then, trading is not about wishing and hoping.
We shall trade the trend of today and manage consistently with a proven management method.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 1 Mar 1-3-2013 8-57-12 AM.png Size: 131 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,038
  • Feb 28, 2013 7:09pm Feb 28, 2013 7:09pm
Quoting emmanuel7788
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...
Hi Emmanuel,
Sorry for late reply.Yes,that's right.It is a program to take care of infants.My baby is coming in 2 weeks.So excited!!
Failure, is a wonderful teacher!
  • #20,039
  • Mar 1, 2013 5:16am Mar 1, 2013 5:16am
EU 1 Mar LO "Perfect Entry"

Today what looks like a perfect entry seen on M15 when LO.
The Frankie open candle was a huge price pullback was a typical S3 EU H1 type setup alert.

Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 1 Mar M15 Perfect Entry 1-3-2013 7-05-05 PM.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,040
  • Mar 1, 2013 5:17am Mar 1, 2013 5:17am
Quoting mike1349
Hi Emmanuel,
Sorry for late reply.Yes,that's right.It is a program to take care of infants.My baby is coming in 2 weeks.So excited!!
Hey man,

CONGRATULATIONS! New baby coming soon.
Now you have one more reason to trade better and win more money for the little one.

Cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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