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Another simple system - Time-Frame 15

  • #20,821
  • Apr 13, 2013 6:23am Apr 13, 2013 6:23am
Quoting pkimnyc
think about it in relation to volume. price leads? momentum does, not price. price reflects action taken by participants (large guys). hence, never leads.
hmmmm.....
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  • #20,822
  • Apr 13, 2013 6:38am Apr 13, 2013 6:38am
Quoting jordfx
hmmmm..... {image} {image}
that's all the info i will share for now. figure out the rest.

one other thing about divergence (whether it's momentum or volume divergence), they don't always mean a reversal.

you need to be able to put 2 and 2 together. when in doubt, stay aside.
  • #20,823
  • Apr 13, 2013 6:54am Apr 13, 2013 6:54am
Quoting jordfx
Hope this helps. {image} {image} {image}

Dear Jordfx

Thanks for answering my question with highly informative charts

Take care !
  • #20,824
  • Apr 13, 2013 7:15am Apr 13, 2013 7:15am
Quoting pkimnyc
that's all the info i will share for now. figure out the rest. one other thing about divergence (whether it's momentum or volume divergence), they don't always mean a reversal. you need to be able to put 2 and 2 together. when in doubt, stay aside.
  • #20,825
  • Apr 15, 2013 2:45am Apr 15, 2013 2:45am
guys i have been trading this method (along with x-man H1 method) for maybe about 6 months. I find similarities so I decided to just use this setup now. Just that I use it for 3 timeframes, M15, H1, and H4 instead of just M15. After all i already understand a bit about price action so I have ditched my heiken ashi kind of bars and only use TDI for confirmation. I like the chart to be clean and I think overall it's better and less confusing that way. (of course I still use MA 200/800/10)

Overall i made profits but I still cant see some fakeys. I will keep learning as honestly I rarely visit forum nowadays and havent read hundreds of pages here. I want to say thank you to the guys who still here. I also just found out Arjun and several other helpful members apparently not posting here anymore.

Now for the question, do you guys take trade that occur at the same time but on different timeframe and different pair?

For example, there's a sell signal in EUR/USD that happens at the very same time with GBP/USD. Do you take both trades? I usually only take one of them because I feel taking both would means double my risk (because they very often go to the same direction)

also, let's say at the very same time in EUR/USD H1 there's the same buy/sell signal using this method. WOuld you enter twice, just set different SL/TP? Or you only enter once and let it run based on H1 chart? Thanks.
  • #20,826
  • Apr 15, 2013 3:48am Apr 15, 2013 3:48am
Quoting rsg10z
Now for the question, do you guys take trade that occur at the same time but on different timeframe and different pair? For example, there's a sell signal in EUR/USD that happens at the very same time with GBP/USD. Do you take both trades? I usually only take one of them because I feel taking both would means double my risk (because they very often go to the same direction) also, let's say at the very same time in EUR/USD H1 there's the same buy/sell signal using this method. WOuld you enter twice, just set different SL/TP? Or you only enter once...
Always stay within your risk tolerance.
  • #20,827
  • Apr 15, 2013 7:56pm Apr 15, 2013 7:56pm
Hi guys.I had a very stressful day.I live in Boston and this tragedy came unexpected.
My condolences to victim families.
I closed all my shorts when it hit 8390 not knowing what to expect.Last time London got bombed cable plummeted.
I made +760 pips in 2 weeks and very happy with the results.My account went up 30%
Stay positive and profitable.
averaging 10% last 4months.
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In trading, you have to be defensive and aggressive at the same time
  • #20,828
  • Apr 15, 2013 8:16pm Apr 15, 2013 8:16pm
Quoting Davit
Hi guys.I had a very stressful day.I live in Boston and this tragedy came unexpected. My condolences to victim families. I closed all my shorts when it hit 8390 not knowing what to expect.Last time London got bombed cable plummeted. I made +760 pips in 2 weeks and very happy with the results.My account went up 30% Stay positive and profitable. averaging 10% last 4months. {image}
Good trading Davit.(though I can't say I understand your entries and risk management!) But consistency is key. My sincere condolences on the Boston tragedy. What a sad world we now live in.
  • #20,829
  • Apr 15, 2013 8:26pm Apr 15, 2013 8:26pm
Quoting jordfx
Good trading Davit.(though I can't say I understand your entries and risk management!) But consistency is key. My sincere condolences on the Boston tragedy. What a sad world we now live in.
I have been shorting last 3 months almost exclusively.Weird.It just works for me.I look at historical data and make decisions.NZD reached 88 in 2011 and since then seldom went over 85-86 so reaching 8670 was opertunity to load on shorts.
Now I am focused on UCAD once it hits 10300 I'll start shorting.Beauty of UC is positive swap while shorting.
Anyway I thought to post to keep up with you guys.
regards
In trading, you have to be defensive and aggressive at the same time
  • #20,830
  • Apr 15, 2013 11:58pm Apr 15, 2013 11:58pm
Hi all traders

H4 bullish candle confused me.

i need your help

thanks in advance
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  • #20,831
  • Apr 16, 2013 12:55am Apr 16, 2013 12:55am
Quoting yukariyer
Hi all traders H4 bullish candle confused me. i need your help thanks in advance {image}
...firstly...why would you say trend is down? Assuming thats an EU chart?
  • #20,832
  • Apr 16, 2013 1:04am Apr 16, 2013 1:04am
Quoting jordfx
...firstly...why would you say trend is down? Assuming thats an EU chart?

that's euro / usd chart. İ mean since the price rejected of 1.3136 level , it is going down . İ think İ misused wrongly the tren word
  • #20,833
  • Apr 16, 2013 2:20am Apr 16, 2013 2:20am
Quoting yukariyer
that's euro / usd chart. İ mean since the price rejected of 1.3136 level , it is going down . İ think İ misused wrongly the tren word
If rally fails, means not enough liquidity yet in the market. For big boys to buy, somebody has to sell to them first. So when you see candles like that failing, could mean either the retrace could end up being a bearish reversal after all, or they need to commit more traders to enter sell positions and then they take them out at lower levels. Don't get confused by candle closes above 10ema. Price Action is way more intricate than that.
  • #20,834
  • Apr 16, 2013 2:29am Apr 16, 2013 2:29am
Quoting jordfx
If rally fails, means not enough liquidity yet in the market. For big boys to buy, somebody has to sell to them first. So when you see candles like that failing, could mean either the retrace could end up being a bearish reversal after all, or they need to commit more traders to enter sell positions and then they take them out at lower levels. Don't get confused by candle closes above 10ema. Price Action is way more intricate than that.

Thanks a lot Jordfx
  • #20,835
  • Apr 16, 2013 2:56am Apr 16, 2013 2:56am
Hi guys,

May God bless Boston's victims...

thank you all for keeping posting here !
I just closed my london EJ trade
+68

Peace
dom
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  • #20,836
  • Apr 16, 2013 5:23am Apr 16, 2013 5:23am
Got 70 pips EU at the end of corrective wave in H1:


In M5,entern after the pinbar:
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  • #20,837
  • Apr 16, 2013 6:20am Apr 16, 2013 6:20am
Quoting BorisViven
Hi guys, May God bless Boston's victims... thank you all for keeping posting here ! I just closed my london EJ trade +68 Peace dom {image} {image}
Good trade Dom. Nicely done.
  • #20,838
  • Edited 7:15am Apr 16, 2013 6:23am | Edited 7:15am
Quoting yukariyer
that's euro / usd chart. İ mean since the price rejected of 1.3136 level , it is going down . İ think İ misused wrongly the tren word
Consolidation. Just because a rejection at the tops don't mean price drop.

see the big picture if you're going to have a directional bias.

Quoting pkimnyc
euro should be buy on dips from now.
1.33 next target for me.
  • #20,839
  • Apr 16, 2013 8:00am Apr 16, 2013 8:00am
Quoting pkimnyc
Consolidation. Just because a rejection at the tops don't mean price drop. see the big picture if you're going to have a directional bias. 1.33 next target for me.

Got it.

Thanks for your reply pkimnyc.

i wonder two things about your analyse

1 ) the date was on april 11 when you wrote this sentence " euro should be buy on dips from now." Your analyse confirmed today. Does


that mean you didnt take trades on april 12 and 15 ?


2 ) what should we pay attention when we see the big picture ( concretely speaking , relations beetween emas ,rn , sd zones ...etc )


İ hope i don't make you angry due to my newbie questions


Thanks...
  • #20,840
  • Apr 16, 2013 8:10am Apr 16, 2013 8:10am
Quoting yukariyer
Got it. Thanks for your reply pkimnyc. i wonder two things about your analyse 1 ) the date was on april 11 when you wrote this sentence " euro should be buy on dips from now." Your analyse confirmed today. Does that mean you didnt take trades on april 12 and 15 ? 2 ) what should we pay attention when we see the big picture ( concretely speaking , relations beetween emas ,rn , sd zones ...etc ) İ hope i don't make you angry due to my newbie questions Thanks...
1) i took a trade on monday. didn't really work as i would have hoped.

2) 4hr, daily for me is enough to see the direction. i use mas... but not to the extent how it's been explained in this thread. sd zones are a must along with support and resistance. not too sure about whole rn things though...
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