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Another simple system - Time-Frame 15

  • #20,681
  • Apr 6, 2013 11:19am Apr 6, 2013 11:19am
What is Vis Versa?
  • #20,682
  • Edited 11:46am Apr 6, 2013 11:30am | Edited 11:46am
Quoting sapong
Ooops, forgot the chart. Sorry Ok, what do you think will happen in this chart? EURUSD M15 Bar below 10EMA. Green line crossed first below yellow line, then the Red line crossed below the yellow line. BUT, the chart is ABOVE 200EMA. Is this still a Short Signal? (because bar is below 10EMA and the Green and Red lines are below the yellow line) or Its a Long Signal? (bacause the chart is above 200EMA) {image}
Looking just on chart it looks like signal for sell (it is CT trade against 200EMA), very LATE signal... simply TO LATE.
BUT you have also take under consideration following facts:
last swing high more then 100 pips was caused of news from USD (Non FArm Payrol) which always is shocking market some way..
price is playing around 1.3000 which is a very strong support resistance area...
its friday and you have no idea how market behave on monday, we can excpect price gap, which direction??? I do not know...
Always befor you taking a trade is good idea to take trade acording to trend, trend we can check on higher time frames... I myself will wait antil situation on market will clarify and market will deceide which direction will go, then will start looking for another trade opportunity
You don't have to take every TDI cross, its always only confirmation for what price is doing. You have to coinsider also S/R, piervous price action, size of candels and all this technical stuff called Price Action
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 49 KB
JacekPreserve Precious Capital
  • #20,683
  • Apr 6, 2013 11:33am Apr 6, 2013 11:33am
Quoting sapong
What is Vis Versa?
conversly ??
JacekPreserve Precious Capital
  • #20,684
  • Apr 6, 2013 11:57am Apr 6, 2013 11:57am
Quoting sapong
Ooops, forgot the chart. Sorry Ok, what do you think will happen in this chart? EURUSD M15 Bar below 10EMA. Green line crossed first below yellow line, then the Red line crossed below the yellow line. BUT, the chart is ABOVE 200EMA. Is this still a Short Signal? (because bar is below 10EMA and the Green and Red lines are below the yellow line) or Its a Long Signal? (bacause the chart is above 200EMA) {image}
Sorry but I think I did not uderstand you correctly
first of all, you schould mark on chart exactly entry you are talking about, to make no mistakes.
secondly case on your chart is a trade against 200EMA. LE1 allows this kind of trade but this is a kind a trade called counter trend trade. This is dangerous and is not adviced for traders with not enough experience to take it.
LE1 offers in the system three entries : simple TDI cross, bounce trade and CT (counter trend). Stronlgy suggest to stay only with first type and master it.
JacekPreserve Precious Capital
  • #20,685
  • Edited 1:05pm Apr 6, 2013 12:32pm | Edited 1:05pm
Quoting sapong
Ooops, forgot the chart. Sorry Ok, what do you think will happen in this chart? EURUSD M15 Bar below 10EMA. Green line crossed first below yellow line, then the Red line crossed below the yellow line. BUT, the chart is ABOVE 200EMA. Is this still a Short Signal? (because bar is below 10EMA and the Green and Red lines are below the yellow line) or Its a Long Signal? (bacause the chart is above 200EMA) {image}
that's a friday action, if i'm looking at it correctly. what you are looking at in particular section in the chart is called consolidation. doesn't matter what kind of signals you get. during consolidations, all trading systems bases on ma are designed to take you down the toilet. you can't just predict the market looking at the data at the end of friday session. learn to pick your battle where you can have advantage.

note that there are phases in the market where you can take the trade and stay aside.

based on 4hr chart on my end,... there might be another long setup next week, depending on what they do on monday.
  • #20,686
  • Apr 6, 2013 12:46pm Apr 6, 2013 12:46pm
Quoting sapong
Ooops, forgot the chart. Sorry Ok, what do you think will happen in this chart? EURUSD M15 Bar below 10EMA. Green line crossed first below yellow line, then the Red line crossed below the yellow line. BUT, the chart is ABOVE 200EMA. Is this still a Short Signal? (because bar is below 10EMA and the Green and Red lines are below the yellow line) or Its a Long Signal? (bacause the chart is above 200EMA) {image}

You have to understand MARKET STRUCTURE before even thinking of buy or sell signals. Thats where the higher timeframes come in. Follow the money. For now forget about CTs. Be patient and wait for the simple trade signals you know to show up in the direction market structure dictates. From some of the questions you're asking, you don't seem to want to do some the homework yourself. A lot of us here are more than willing to help you out, BUT make some effort first on your own and don't wait to be spoon fed. GOOGLE can answer a lot of questions faster. Do the work.
  • #20,687
  • Apr 6, 2013 1:25pm Apr 6, 2013 1:25pm
Quoting jordfx
make some effort first on your own and don't wait to be spoon fed.
keyword..
  • #20,688
  • Apr 7, 2013 12:56am Apr 7, 2013 12:56am
some food for thought.....

Where traders get into trouble is when they don’t see an obvious signal right away and then keep looking until they convince themselves there’s something worth trading, even though there isn’t. This is a very easy trap to fall into and you’ve got to ignore that temptation to ‘dig up’ something to trade when there is nothing ‘ripe’ staring you in the face.
  • #20,689
  • Apr 7, 2013 8:34pm Apr 7, 2013 8:34pm
Yellow line flat.
Price above 10EMA
Price above 200EMA
I wonder where shall it go during LO

Patience
  • #20,690
  • Apr 8, 2013 1:40am Apr 8, 2013 1:40am
Any traders making trades on the EU now?

Taking long in EU now. TP below RN, SL below RN
  • #20,691
  • Apr 8, 2013 1:44am Apr 8, 2013 1:44am
Quoting sapong
Any traders making trades on the EU now?
Yes, I've just close first half position on +18 pips and moved SL to BE, looking what market will bring me...
JacekPreserve Precious Capital
  • #20,692
  • Apr 8, 2013 1:49am Apr 8, 2013 1:49am
Sorry just want to share something out of the topic.

I just experienced a slight earthquake a few seconds ago. Scary
  • #20,693
  • Apr 8, 2013 1:52am Apr 8, 2013 1:52am
Quoting sapong
Sorry just want to share something out of the topic. I just experienced a slight earthquake a few seconds ago. Scary
I can understand you, twice in my live been in area during tsunami warning...
JacekPreserve Precious Capital
  • #20,694
  • Apr 8, 2013 1:58am Apr 8, 2013 1:58am
Good afternoon, I am a newbie from Thailand.
Yesterday,I used my all night read the system established by Lovevery1.
and I feel very good both system and Lovevery1.
So,I registed to the FF already and really love to study the system.

Thank you very much for all of this.
(sorry I am writing not very well)
Smile, Breath, and Go slowly
  • #20,695
  • Apr 8, 2013 2:42am Apr 8, 2013 2:42am
Quoting Jackub
I can understand you, twice in my live been in area during tsunami warning...
Sorry for my english. I'm indonesian.
What I meant was there was a small earthquake just now and lasted for a few seconds.
  • #20,696
  • Apr 8, 2013 3:05am Apr 8, 2013 3:05am
Slow day today. No signals detected.

Still waiting though
  • #20,697
  • Apr 8, 2013 3:09am Apr 8, 2013 3:09am
GU seems like its making a move.
Waiting for the current candle to close and go for Short
  • #20,698
  • Apr 8, 2013 3:11am Apr 8, 2013 3:11am
Quoting sapong
GU seems like its making a move. Waiting for the current candle to close and go for Short
oops, RN right below. Still thinking
  • #20,699
  • Apr 8, 2013 3:12am Apr 8, 2013 3:12am
Quoting sapong
oops, RN right below. Still thinking
In H1, RN above was unable to break.
Going for short
  • #20,700
  • Apr 8, 2013 3:17am Apr 8, 2013 3:17am
Quoting sapong
In H1, RN above was unable to break. Going for short
Went short in GU. Now wait
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