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Another simple system - Time-Frame 15

  • #20,601
  • Mar 28, 2013 8:33am Mar 28, 2013 8:33am
Quoting kbforex
Arjun may you be blessed!!!
hello all!
GBPNZD SHORT

A short taken on gbpnzd...

price below daily 10, below 4hrs 10.....
three IBs form on 4hrs aroung a RN.A false pin bar break of inside bars n close below 10 again.
go to 1hr n check, a bearish reversal pattern form at RN.
All other moves after that, price cud not make a higher high, i.e respecting the 4HRS PIN(1hr reversal pattern(evening star))
nice catch. If you're scalping though, how do you deal with the spread on that pair?
  • #20,602
  • Mar 28, 2013 9:23am Mar 28, 2013 9:23am
Quoting kbforex
Arjun may you be blessed!!!
hello all!
GBPNZD SHORT

A short taken on gbpnzd...

price below daily 10, below 4hrs 10.....
three IBs form on 4hrs aroung a RN.A false pin bar break of inside bars n close below 10 again.
go to 1hr n check, a bearish reversal pattern form at RN.
All other moves after that, price cud not make a higher high, i.e respecting the 4HRS PIN(1hr reversal pattern(evening star))
hope you had a proper exit.
  • #20,603
  • Mar 28, 2013 11:43am Mar 28, 2013 11:43am
From this morning, lower high in trend, rejecting the move above the obvious Asian resistance area around 120.65. +60.
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  • #20,604
  • Mar 29, 2013 2:18am Mar 29, 2013 2:18am
Arjun may u be blessed!!!!

hello all!!!

EURJPY SHORT
PRICE trapped between 50/1o on 1hr n 200/50 on 15mins
waiting to see the winner of their battle
break of yterday low, waited for a retracement back
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-03-29 06_49_00-102198_ VantageFX Trader - [EURJPY,M15].png Size: 58 KB
Enter Signature
  • #20,605
  • Edited 3:07am Mar 29, 2013 2:56am | Edited 3:07am
Quoting kbforex
Arjun may u be blessed!!!!

hello all!!!

EURJPY SHORT
PRICE trapped between 50/1o on 1hr n 200/50 on 15mins
waiting to see the winner of their battle
break of yterday low, waited for a retracement back
Always figure out as quickly as possible what market type you're probably going to be dealing with for the day. Ranging, Consolidation, trending, stop hunting, etc. Note today is the last trading day for the month. Notice where price is now in relation to last months closing price. What does that tell you? Hint: nothings changed much between now and then. Momentum is still bearish on H4, but yesterday a bullish divergence appeared on H1(actually first surfaced 2 days ago)! What does that tell you? (observe bank holidays in france, britain and canada).
  • #20,606
  • Mar 29, 2013 3:14am Mar 29, 2013 3:14am
Quoting jordfx
Always figure out as quickly as possible what market type you're probably going to be dealing with for the day. Ranging, Consolidation, trending, stop hunting, etc. Note today is the last trading day for the month. Notice where price is now in relation to last months closing price. What does that tell you? Hint: nothings changed much between now and then. Momentum is still bearish on H4, but yesterday a bullish divergence appeared on H1(actually first surfaced 2 days ago)! What does that tell you? (observe bank holidays in france, britain and canada)....
thanks , thanks , you comments are always most appreciated.
Enter Signature
  • #20,607
  • Mar 29, 2013 3:29am Mar 29, 2013 3:29am
Quoting jordfx
Always figure out as quickly as possible what market type you're probably going to be dealing with for the day. Ranging, Consolidation, trending, stop hunting, etc. Note today is the last trading day for the month. Notice where price is now in relation to last months closing price. What does that tell you? Hint: nothings changed much between now and then. Momentum is still bearish on H4, but yesterday a bullish divergence appeared on H1(actually first surfaced 2 days ago)! What does that tell you? (observe bank holidays in france, britain and canada)....
Always embarrase me when don'nt know the an answer, should I ask kindly for detailed answer, is it polite to do so, or stay away and say to myslef, "bro, one day you will understand"

What should I do..?
JacekPreserve Precious Capital
  • #20,608
  • Mar 29, 2013 5:00am Mar 29, 2013 5:00am
Quoting Jackub
Always embarrase me when don'nt know the an answer, should I ask kindly for detailed answer, is it polite to do so, or stay away and say to myslef, "bro, one day you will understand"

What should I do..?
What exactly don't you understand buddy?
  • #20,609
  • Mar 29, 2013 5:12am Mar 29, 2013 5:12am
Quoting jordfx
What exactly don't you understand buddy?
"1. Note today is the last trading day for the month. Notice where price is now in relation to last months closing price. What does that tell you? " what it should tell me?? no idea.... :nerd:
Hint: nothings changed much between now and then. (strong support??)

Momentum is still bearish on H4, but yesterday a bullish divergence appeared on H1(actually first surfaced 2 days ago)! What does that tell you? (observe bank holidays in france, britain and canada)...." what should ?? I don't know.... possible reversal ? :nerd:
Please, make it clear for me

Best Regards,
JacekPreserve Precious Capital
  • #20,610
  • Mar 29, 2013 6:13am Mar 29, 2013 6:13am
Quoting Jackub
"1. Note today is the last trading day for the month. Notice where price is now in relation to last months closing price. What does that tell you? " what it should tell me?? no idea.... :nerd:
Hint: nothings changed much between now and then. (strong support??)

Momentum is still bearish on H4, but yesterday a bullish divergence appeared on H1(actually first surfaced 2 days ago)! What does that tell you? (observe bank holidays in france, britain and canada)...." what should ?? I don't know.... possible reversal ? :nerd:
Please, make it clear...

ok here is the kind of story you need to always be aware of for whatever pair you're trading.

Look at EJ. Six months of bullish rally covering a pip distance of about 3278pips. Then last month(february), we had about 892pips retracement. Then THIS month(march), we had a seeming continuation of the rally with about 520pip bull attempt, but couldn't break last months high, only for 'us' bears(hehehe) to crash their party with about 620pip drop and now trying to close the month right back where we started! (this month candle trying to close as a gravestone doji or maybe an inverted hammer. The bearish H4 says don't expect any trend reversals just yet, and bullish divergent H1 simply tells you probably no further moves lower either! See the violent reactions from last months low at early london session yesterday that sparked the intraday bull rally. In other words , keep your gun powder dry for now. lol. Bank holidays means both bulls are bears are probably all asleep. Only the fox is playing pranks today. kapisch?

Also breakout in asia session today? bear trap! Watch out for a bull trap that tries to take price above last months close, only to crash it right back towards the end of NY session. The fox likes that hehehe.
  • #20,611
  • Mar 29, 2013 6:17am Mar 29, 2013 6:17am
Quoting jordfx
ok here is the kind of story you need to always be aware of for whatever pair you're trading.

Look at EJ. Six months of bullish rally covering a pip distance of about 3278pips. Then last month(february), we had about 892pips retracement. Then THIS month(march), we had a seeming continuation of the rally with about 520pip bull attempt, but couldn't break last months high, only for 'us' bears(hehehe) to crash their party with about 620pip drop and now trying to close the month right back where we started! (this month candle trying to close as a...
Yes I do, thank You jordfx,
Happy Easter for you and yours!
JacekPreserve Precious Capital
  • #20,612
  • Mar 29, 2013 7:24am Mar 29, 2013 7:24am
Quoting Jackub
"bank holidays in france, britain and canada)...." what should ?? I don't know.... possible reversal ? :nerd:
Please, make it clear for me

Best Regards,
reversals require tremendous amount of fresh money poured into the market. bank holiday, so... who's participating in the market to drive market to move up or down?
  • #20,613
  • Mar 29, 2013 7:31am Mar 29, 2013 7:31am
Quoting pkimnyc
reversals require tremendous amount of fresh money poured into the market. bank holiday, so... who's participating in the market to drive market to move up or down?
NO, not right now, it was just conclusion what might happen next week, not today
pkimnyc, anyway I am glad to hear from you, you are providing always good and wise support
Happy Easter !
JacekPreserve Precious Capital
  • #20,614
  • Mar 29, 2013 7:42am Mar 29, 2013 7:42am
Quoting Jackub
NO, not right now, it was just conclusion what might happen next week, not today
pkimnyc, anyway I am glad to hear from you, you are providing always good and wise support
Happy Easter !
No point of trying to figure out what the might do next week. As mentioned, end of the week, end of the month. They reset and start fresh.
  • #20,615
  • Mar 29, 2013 8:20am Mar 29, 2013 8:20am
Quoting pkimnyc
No point of trying to figure out what the might do next week. As mentioned, end of the week, end of the month. They reset and start fresh.
. Good to see you again buddy! Happy holidays(Easter).
  • #20,616
  • Mar 31, 2013 1:58pm Mar 31, 2013 1:58pm
Quoting loveevery1
Hidden
Little contribution to this interesting thread; seems like the yellow line is missing in the TDI indicator here. I found one with the yellow line, that does also give buy/sell alerts, at http://codebase.mql4.com/2999

wish you all many green pips,

Ronald
95% of the people don't believe 100% they can win, that's why they lose
  • #20,617
  • Mar 31, 2013 3:41pm Mar 31, 2013 3:41pm
Quoting Ronald123
Little contribution to this interesting thread; seems like the yellow line is missing in the TDI indicator here. I found one with the yellow line, that does also give buy/sell alerts, at http://codebase.mql4.com/2999 wish you all many green pips, Ronald
mind you, little green, red, yellow line crosses with or without buy sell alerts are all GUARANTEED to blow your account without learning price action and market structure first. Just something to consider......
  • #20,618
  • Apr 1, 2013 3:49am Apr 1, 2013 3:49am
Looking from the top down.

Check out this thread for some very good PA analysis and very good trading tools.


http://www.forexfactory.com/showthread.php?t=416131
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Click to Enlarge Name: 1st Apr 13 GBP:USD W1 Chart.png Size: 70 KB
Click to Enlarge Name: 1st Apr 13 GBP:USD D1 Chart.png Size: 70 KB
Click to Enlarge Name: 1st Apr 13 GBP:USD H4 Chart.png Size: 79 KB
Click to Enlarge Name: 1st Apr 13 GBP:USD H1 Chart.png Size: 96 KB
Click to Enlarge Name: 1st Apr 13 GBP:USD M15 Chart.png Size: 129 KB
  • #20,619
  • Apr 2, 2013 5:03am Apr 2, 2013 5:03am
pls i need help from fellow traders, iam trading renkochart, but how to exit the market when iam making profit is my problem. if i use take profit fixed the market some time does not reach the target side, and if i use trailing stop the market will trigger me out prematurely. pls what willl i do? which of it is preferable. thanks for your help.
  • #20,620
  • Apr 2, 2013 5:55am Apr 2, 2013 5:55am
Quoting maechilin
pls i need help from fellow traders, iam trading renkochart, but how to exit the market when iam making profit is my problem. if i use take profit fixed the market some time does not reach the target side, and if i use trailing stop the market will trigger me out prematurely. pls what willl i do? which of it is preferable. thanks for your help.
TP's is very personal and will depend on many things amongst them what kind of trader (swing/scalper) are you but also is the market trending/ranging, where are the SR levels, where did you get in on the move?

The best advice is to look back on your own trades, the general market and research. Simple example if you sold EJ earlier around 119.30 doesn't matter if you had a 30 pip TP when it couldn't go below the 115.30 support. You are not going to win them all.

You cannot control the market, you can only control your reaction to what it gives you.

Personally we look to target SR levels/W pivots and using the example above where its stopped a couple of times at a level get stop to BE asap.
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