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Another simple system - Time-Frame 15

  • #20,221
  • Mar 11, 2013 8:56am Mar 11, 2013 8:56am
Quoting BorisViven
my AU trade during NY
+23
(SL 18)

Peace
dom
nice catch buddy. I don't watch this pair so missed it. You could have still let the trade run though. Those candle patterns look very bullish. Just trail your stop below one candle at a time. Not much volatility in the market though so all in all a nice trade.
  • #20,222
  • Mar 11, 2013 10:50am Mar 11, 2013 10:50am
EJ - success...

anyone can give some comment??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 63 KB
Click to Enlarge Name: 15m.png Size: 83 KB
  • #20,223
  • Mar 11, 2013 10:53am Mar 11, 2013 10:53am
Quoting lowweiting
EJ - success...

anyone can give some comment??
nice work...
JacekPreserve Precious Capital
  • #20,224
  • Mar 11, 2013 11:08am Mar 11, 2013 11:08am
Quoting Jackub
nice work...

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Can't help but falling in love with you guys

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Inserted Video


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Time hides Nothing
  • #20,225
  • Mar 11, 2013 11:29am Mar 11, 2013 11:29am
Quoting lowweiting
EJ - success...

anyone can give some comment??
TLs are highly subjective my friend. How many traders will be looking at the same trendlines that you are? There own TLs would probably be different. Trade worked out, but your reasons for entry at that point is highly flawed. In consolidation. Trade safe. Wait for breakout, pullback.....enter for continuation. simple. High probability for success. Entry during consolidation ranges is another beast entirely...... bottom line...you entered at the right price at the wrong time! Look to the right. You'll see the eventual breakout and pull back...at the same price zone.
  • #20,226
  • Mar 11, 2013 12:24pm Mar 11, 2013 12:24pm
You must trust what your set-up is showing you
If you start to have doubts , your edge is gone .
  • #20,227
  • Edited 1:44pm Mar 11, 2013 1:01pm | Edited 1:44pm
Interpreting charts are easy ... fix your trading philosophy, once you do then you're going to kill the banks
Never give in, never back down!

The difficult part is to believe what you see and execute..
  • #20,228
  • Mar 11, 2013 3:28pm Mar 11, 2013 3:28pm
Quoting lowweiting
EJ - success...

anyone can give some comment??
this one should have been easy decision ...
W buy only
D buy only
H4 buy only
H1 look for setup ....
M15 timing your entry
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,229
  • Mar 11, 2013 3:37pm Mar 11, 2013 3:37pm
Quoting BorisViven
my AU trade during NY
+23
(SL 18)

Peace
dom

Nice catch! Well done!

you have to be looking or else you won't find such setup.

weekend gap was closed, then after that market decides the day direction.

market is wide ranging for this pair.. .
so I will be looking for swings up and swing down.
AU has a D range of about 65 pips and W range of 140 pips....
Just target 60% of the range...
You can't pick tops and bottoms, and you should not do so.
So let that 40% go....shave off 20% at the top and shave off 20% at the bottom.
the 60% smack right in between is and will be sweet and juicy.

Trade Well the rest of this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,230
  • Edited 6:15pm Mar 11, 2013 5:01pm | Edited 6:15pm
Quoting emmanuel7788
Here is my M15 scalp trade early this morning when Sydney open.
+19pips.
http://www.forexfactory.com/attachme...1&d=1362992430
That above was before:
Did you see that Sydney first2-hours box?
And the rest of the day after that...see below.
What do you learn from this observation?
This is for early birds who trade the Sydney and Tokyo markets, then follow the rest of the day trading.
Do the same everyday, box the Sydney 2-hours before Tokyo open.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 11 Mar POMO NYO.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,231
  • Edited 6:37pm Mar 11, 2013 6:17pm | Edited 6:37pm
Today SYD 2-hour range is 18pips.
Good range. Pay attention.
We are trading a simple way using PA and 10EMA in all Timeframes.
Keep that simple.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 12 Mar M15 grid box 12-3-2013 9-05-48 AM.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,232
  • Mar 11, 2013 9:54pm Mar 11, 2013 9:54pm
Nice H1 Pin Bar pullback from BRN 1.0300
Grid 18pips... use this and look for the next 18pips.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 12 Mar M15 18pips grid 12-3-2013 12-48-40 PM.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,233
  • Mar 12, 2013 1:48am Mar 12, 2013 1:48am
Quoting emmanuel7788
Nice H1 Pin Bar pullback from BRN 1.0300
Grid 18pips... use this and look for the next 18pips.
http://www.forexfactory.com/attachme...1&d=1363064068


AU still trap in that 2-hour box.... wait for the next move ... breakout
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,234
  • Mar 12, 2013 1:49am Mar 12, 2013 1:49am
Quoting jordfx
nice catch buddy. I don't watch this pair so missed it. You could have still let the trade run though. Those candle patterns look very bullish. Just trail your stop below one candle at a time. Not much volatility in the market though so all in all a nice trade.

Quoting emmanuel7788
Nice catch! Well done!

you have to be looking or else you won't find such setup.

weekend gap was closed, then after that market decides the day direction.

market is wide ranging for this pair.. .
so I will be looking for swings up and swing down.
AU has a D range of about 65 pips and W range of 140 pips....
Just target 60% of the range...
You can't pick tops and bottoms, and you should not do so.
So let that 40% go....shave off 20% at the top and shave off 20% at the bottom.
the 60% smack right in between is and will...
Thanks a lot guys for your answers.
I carefully follow your posts, you are both so helpful for this thread
Thank you so much for that

peace
dom
  • #20,235
  • Mar 12, 2013 4:16am Mar 12, 2013 4:16am
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1363064068


AU still trap in that 2-hour box.... wait for the next move ... breakout
Who is in the breakout move? +18pips is not that difficult after all.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,236
  • Mar 12, 2013 8:41am Mar 12, 2013 8:41am
Quoting emmanuel7788
Today SYD 2-hour range is 18pips.
Good range. Pay attention.
We are trading a simple way using PA and 10EMA in all Timeframes.
Keep that simple.


this is yours new trading method?? can apply to everyday ??
  • #20,237
  • Mar 12, 2013 4:29pm Mar 12, 2013 4:29pm
Quoting lowweiting


this is yours new trading method?? can apply to everyday ??
Hi,

No, it is not a new trading method.
We can only make money when we are in the market. I follow ASX and this is one way I look at AU and find a way to get into the market and follow it move. I look at the first 2-hour traded ranage of the AU. If it is between 15 and 20pips, I will use that as my grid and reference. I still look at price action for entries and exits.
It is another simple way to view AU price movements, ... no Fibs, no Pivots,

Back-test and see occurences of such condtions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,238
  • Mar 12, 2013 4:41pm Mar 12, 2013 4:41pm
AU 12 Mar
This is how the 18 pips grid using SYD 2-hour range played out yesterday.
quite easily a 2R trade using the grid 18 pips as R.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 12 Mar M15 grid POMO 13-3-2013 7-36-02 AM.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,239
  • Mar 12, 2013 5:08pm Mar 12, 2013 5:08pm
AU 13 Mar
Today' grid is 15 pips, good enough to trade.
See how many buys and sells you get out of this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,240
  • Mar 12, 2013 5:18pm Mar 12, 2013 5:18pm
Quoting emmanuel7788
Hi,

No, it is not a new trading method.
We can only make money when we are in the market. I follow ASX and this is one way I look at AU and find a way to get into the market and follow it move. I look at the first 2-hour traded ranage of the AU. If it is between 15 and 20pips, I will use that as my grid and reference. I still look at price action for entries and exits.
It is another simple way to view AU price movements, ... no Fibs, no Pivots,

Back-test and see occurences of such condtions.
Makes sense for a Break Out strategy.....
Failure, is a wonderful teacher!
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