Another simple system - Time-Frame 15 | Page 1017 | Forex Factory

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Another simple system - Time-Frame 15

  • #20,321
  • Mar 14, 2013 2:12pm Mar 14, 2013 2:12pm
Quoting emmanuel7788
Interesting discussions on EU trading. I missed all the fun.
However, here is another way how EU can be traded on Intraday basis.
Hi emmanuel.
Thanks for your willingness to help and share. Its appreciated by many.

Axiom
  • #20,322
  • Mar 14, 2013 2:18pm Mar 14, 2013 2:18pm
Quoting Hcp
Emmanuel7788,last night (for me)i was watching AU and did see that DIB on 4H, and draw the TL, anddraw the box, and saw the doji (or pinbar?) candlewhen first went down to test BRN, and did see that doji broke the box, andthought wait for a retest, When was back, also saw the great break, my fault, .I do believe but generally market you know… hit me.

How do youmanage fiveRs? You enter 5 diferent trades? Or you have an expert for closingparts?

[font=Times New Roman][size=3][font=Calibri]thank...
Sorry for this late reply. I had a busy day as usual on Thursday as it was a live trading room with my team and market was hot with some news release.

To answer your question, yes I use a trade manager EA to manage all my trades.
I use jumping stops at each grid level using the R defined.
For eaxmple if the grid is set to 15pips, the trade manager will move the stop to protect each R.
I can add more positions after the first position is profitable and protected. Re-invest the profits and buy more positions.
This is muitiple entries / multiple exits ME/ME money management strategy.


Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,323
  • Edited 3:33pm Mar 14, 2013 2:29pm | Edited 3:33pm
Quoting pkimnyc
btw, my apologies to new traders that are religiously following the system, for confusing the lights out you. i will do the best i can to limit my posts from going forth.

I LIKE.

New traders need to learn to zoom out of the M15 and get that Big Picture of what goes on in the market.

When you look only at the trees, you will not appreciate the beauty of the forest.

the Japanese has saying: To see farther, you need to climb higher.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,324
  • Mar 14, 2013 2:35pm Mar 14, 2013 2:35pm
Quoting Axiom
Hi emmanuel.
Thanks for your willingness to help and share. Its appreciated by many.

Axiom
Thank you Axiom for the appreciation.
I am happy that this helped you along this learning journey to be a trader.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,325
  • Mar 14, 2013 4:01pm Mar 14, 2013 4:01pm
Here is an example of a H4 setup and M15 Trigger.

Learn to see the forest and the trees all-in-one.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 14 Mar M15 POMO 15-3-2013 6-53-20 AM.png Size: 122 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,326
  • Mar 14, 2013 4:09pm Mar 14, 2013 4:09pm
just a little heads up.

trade well folks.
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  • #20,327
  • Mar 14, 2013 4:21pm Mar 14, 2013 4:21pm
Quoting pkimnyc
just a little heads up.

trade well folks.
thank you!
more eyes will now see more.

let me guess pkimnyc is from New York City

You have a good trading Friday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,328
  • Mar 14, 2013 4:24pm Mar 14, 2013 4:24pm
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
[quote=emmanuel7788;6516323]Sorry for this late reply. I had a busy day as usual on Thursday as it was a live trading room with my team and market was hot with some news release.

To answer your question, yes I use a trade manager EA to manage all my trades.
I use jumping stops at each grid level using the R defined.
For eaxmple if the grid is set to 15pips, the trade manager will move the stop to protect each R.
I can add more positions after the first position is profitable and protected. Re-invest the profits and buy more positions.
This is muitiple entries / multiple exits ME/ME money management strategy.


Regards,[/QUOT

Hi Emmanuell7788, thank for your reply, nothing late, your so kind. also thanks for the last ideas to improve our tools.

Regards-
  • #20,329
  • Mar 14, 2013 4:44pm Mar 14, 2013 4:44pm
[quote=Hcp;6516461]
Quoting emmanuel7788
Sorry for this late reply. I had a busy day as usual on Thursday as it was a live trading room with my team and market was hot with some news release.

To answer your question, yes I use a trade manager EA to manage all my trades.
I use jumping stops at each grid level using the R defined.
For eaxmple if the grid is set to 15pips, the trade manager will move the stop to protect each R.
I can add more positions after the first position is profitable and protected. Re-invest the profits and buy more positions.
This...
You are most welcome.
The market is dynamic so we must be dynamic traders and following accordiing to the marktet type.
If the market is static, it would be even more difficult to trade...how come?

Trade Well my friend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,330
  • Mar 14, 2013 5:07pm Mar 14, 2013 5:07pm
Moin moin all your M15 lovers,

here is AU SYD_2H range 19pips.... anything more than 20pips skip that.

Good for today' trading. But please take into consideration yesterday' breakout and the weekly range already traded.

Trade Well.

I'll be back when NYO....today my day-off to re-charge my drained batteries.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 15 Mar view 15-3-2013 8-01-17 AM.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,331
  • Mar 14, 2013 7:32pm Mar 14, 2013 7:32pm
Hi Guys,

I just discovered this thread and have been reading it since page 1. I am only at page 30 so far and have a very basic understanding of it. It seems overwhelming to try to read all the pages to understand this strategy well and wanted to know if someone has put together a summary of it. Have there been any changes to the initial strategy described on page 1? or have there been any changes to the indicators since then?

Thank you
  • #20,332
  • Mar 14, 2013 10:19pm Mar 14, 2013 10:19pm
[quote=Hcp;6516461]
Quoting emmanuel7788
Sorry for this late reply. I had a busy day as usual on Thursday as it was a live trading room with my team and market was hot with some news release.

To answer your question, yes I use a trade manager EA to manage all my trades.
I use jumping stops at each grid level using the R defined.
For eaxmple if the grid is set to 15pips, the trade manager will move the stop to protect each R.
I can add more positions after the first position is profitable and protected. Re-invest the profits and buy more positions.
This...
Hi Emmanual , Could u please send me some charts of Trade Manager , Would like to see example , Tried to set it up .
  • #20,333
  • Mar 14, 2013 10:54pm Mar 14, 2013 10:54pm
Quoting emmanuel7788
Here is an example of a H4 setup and M15 Trigger.

Learn to see the forest and the trees all-in-one.
The clues for me are:
1. the two bounces from the bottom of TOK 5H range (also 200ema)
2. the bullish engulfing bar before the breakout
3. bullish div on M15 TDI (MBL also above 50)
4. longish lower wicks on M15 candles an hour before BO
5. HL on H4

The challenge is to spot these in real time.

Axiom
  • #20,334
  • Mar 15, 2013 3:01am Mar 15, 2013 3:01am
EJ
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  • #20,335
  • Mar 15, 2013 3:20am Mar 15, 2013 3:20am
Quoting jordfx
EJ
I'm same with you:
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  • #20,336
  • Mar 15, 2013 3:21am Mar 15, 2013 3:21am
Closed 50% for 58pips. stop moved to BE+30pips on remaining position.
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  • #20,337
  • Mar 15, 2013 3:22am Mar 15, 2013 3:22am
Quoting kaka_ht
I'm same with you:
  • #20,338
  • Mar 15, 2013 3:25am Mar 15, 2013 3:25am
Jordfx, please take look on marked candle on your chart, wasn't it a valid entry??
Jacek
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JacekPreserve Precious Capital
  • #20,339
  • Mar 15, 2013 3:31am Mar 15, 2013 3:31am
Quoting kaka_ht
I'm same with you:
Well "I'm same with you"...... Anyone else?
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What is any ocean but a multitude of drops?
  • #20,340
  • Mar 15, 2013 3:34am Mar 15, 2013 3:34am
Quoting Jackub
Jordfx, please take look on marked candle on your chart, wasn't it a valid entry??
Jacek
Very valid entry. Especially if you observe what happened 7 candles before that. But I'm usually asleep during asia session so...... that one got away hahaha.
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