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Another simple system - Time-Frame 15

  • #22,321
  • Sep 6, 2013 4:09am Sep 6, 2013 4:09am
Quoting justinforex
{quote} ok , get it, thanks
Justiforex, you asked Pkimnyc, but you ask wrong question I think, price itselfs turns no matter what timeframe...price is price, level is level, timeframe is just zooming in and zooming out the PA. On lower TF you can see more detalis be more precise, on higher TF you can see levels more clearly...
Price levels we are trying to use are supply/demand and support/resistance, those levels are consequences of traders bevavior, sellers and buyers.
More you can find in threads about supply/demans systems of trading... hope this helped...
JacekPreserve Precious Capital
  • #22,322
  • Sep 6, 2013 5:04am Sep 6, 2013 5:04am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily.png Size: 43 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 45 KB


and H1 show bull engulfed candle.

will it?

TQ
Today's You was Your previously Thought.
  • #22,323
  • Sep 6, 2013 5:26am Sep 6, 2013 5:26am
Quoting justinforex
{image} {image} and H1 show bull engulfed candle. will it? TQ
Justinforex,
First of all my Big picture looks a bit different then yours.....
I see first of all long therm triangle, which is going to brake out one day. See vertical purple lines ??? this was place to take trade short, but each time trade was shorter and shorter, will you risk play short now? What range of trade we can expect? I will wait for breakout to see what EJ will do.
Concerning your H4 entry is far to late, you are in a middle of possible range, or in the end what makes propablity of good outcome form this are smaller then on level when price was leaving supply zone.
The engulfing on H1 is probably BASE forming on drop base rally or drop base drop, we dont know yet.
If you didn't read BS trading yet , its nice writing to make understand how it works and how to approach to trade supply demand.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily.png Size: 31 KB


Almost forgot, today is NFP news from USA, I rather dont trade this day, I am not skilled enough to play with fast moves not predictable for me...
JacekPreserve Precious Capital
  • #22,324
  • Sep 6, 2013 5:33am Sep 6, 2013 5:33am
Quoting Jackub
{quote} Justinforex, First of all my Big picture looks a bit different then yours..... I see first of all long therm triangle, which is going to brake out one day. See vertical purple lines ??? this was place to take trade short, but each time trade was shorter and shorter, will you risk play short now? What range of trade we can expect? I will wait for breakout to see what EJ will do. Concerning your H4 entry is far to late, you are in a middle of possible range, or in the end what makes propablity of good outcome form this are smaller then on...
BS~basket trading right? will take a lot about it.

ya, today is NFP...think will out b4 the news.

thanks for your advice.
Today's You was Your previously Thought.
  • #22,325
  • Sep 6, 2013 5:36am Sep 6, 2013 5:36am
Quoting justinforex
{quote} BS~basket trading right? will take a lot about it. ya, today is NFP...think will out b4 the news. thanks for your advice.
I was thinikng about Kenneth Lee "BS Trading Buying and Selling No Bull" ..
JacekPreserve Precious Capital
  • #22,326
  • Sep 6, 2013 9:45am Sep 6, 2013 9:45am
Quoting justinforex
{quote} hi pkimnyc, may i know u wait the price to react at current time frame or lower time frame? (price to react ~ candle stick formation?) is it possible for you to post an entry and exit with your approach with detail? (jus ignore it if u think it is not a reasonable request. ) Thank You Justin
short answer. that depends.
and no, it's not possible to post an entry and exit with my approach with detail.
  • #22,327
  • Sep 6, 2013 11:03am Sep 6, 2013 11:03am
can someone code me "trend detection index" to "slope change", for the white line (trend direction)?
Attached File(s)
File Type: mq4 Trend Detection Index.mq4   4 KB | 543 downloads
  • #22,328
  • Sep 6, 2013 11:07am Sep 6, 2013 11:07am
Quoting pkimnyc
{quote} short answer. that depends. and no, it's not possible to post an entry and exit with my approach with detail.
Anyway, thans for your reply.
Today's You was Your previously Thought.
  • #22,329
  • Sep 6, 2013 6:20pm Sep 6, 2013 6:20pm
Quoting justinforex
{image} {image} and H1 show bull engulfed candle. will it? TQ
i have no idea what you were trying to do with this pair at that specific time... but the important thing to consider is that was it really an ideal situation where you can pull the trigger based on what you have marked on your chart?
  • #22,330
  • Sep 7, 2013 3:18am Sep 7, 2013 3:18am
Quoting pkimnyc
{quote} i have no idea what you were trying to do with this pair at that specific time... but the important thing to consider is that was it really an ideal situation where you can pull the trigger based on what you have marked on your chart?
ya, it should be a wrong decision. will take note about that.

thanks.
Today's You was Your previously Thought.
  • #22,331
  • Sep 7, 2013 4:51am Sep 7, 2013 4:51am
I cant see any yellow bar, and TDI setting are mixed up when i upload your temp file,
  • #22,332
  • Sep 7, 2013 12:27pm Sep 7, 2013 12:27pm
Quoting forextraderp
I cant see any yellow bar, and TDI setting are mixed up when i upload your temp file,
Attached Image


Attached Image


Is that what you are looking for?/
JacekPreserve Precious Capital
  • #22,333
  • Edited 12:42pm Sep 7, 2013 12:29pm | Edited 12:42pm
Quoting justinforex
{quote} ya, it should be a wrong decision. will take note about that. thanks.
Wrong decision.... On buying or selling? Assuming you were buying, no sl?
another thing is.... Again assuming you were buying.... Why there? When you have marked supply and demand areas very clearly?
  • #22,334
  • Sep 7, 2013 11:36pm Sep 7, 2013 11:36pm
Quoting pkimnyc
{quote} Wrong decision.... On buying or selling? Assuming you were buying, no sl? another thing is.... Again assuming you were buying.... Why there? When you have marked supply and demand areas very clearly?
Wrong decision on buying. the sl just below the support line (normally i will close the trade manually if i in front the screen).

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 35 KB


i think we should only buy at demand area as above chart and put the SL few pips away from the demand zone(plus in the spread also).

it should be a gud demand zone coz it is source of rally (drop base rally).

any advice?

TQ
Today's You was Your previously Thought.
  • #22,335
  • Sep 8, 2013 2:51am Sep 8, 2013 2:51am
hi pkimnyc,

do we really need to do a check about the option expire showed by HDA?..

TQ
Today's You was Your previously Thought.
  • #22,336
  • Sep 8, 2013 3:18am Sep 8, 2013 3:18am
Quoting Jackub
{quote} {image} {image} Is that what you are looking for?/
Thank you so much for your help, Is this method really working?
  • #22,337
  • Sep 8, 2013 9:33am Sep 8, 2013 9:33am
Quoting justinforex
{quote} Wrong decision on buying. the sl just below the support line (normally i will close the trade manually if i in front the screen). {image} i think we should only buy at demand area as above chart and put the SL few pips away from the demand zone(plus in the spread also). it should be a gud demand zone coz it is source of rally (drop base rally). any advice? TQ
it's up to you. but, if you focus only on daily and 4 hr then you get lesser trading opportunities.
  • #22,338
  • Sep 8, 2013 9:34am Sep 8, 2013 9:34am
Quoting justinforex
hi pkimnyc, do we really need to do a check about the option expire showed by HDA?.. TQ
short answer is... no.
  • #22,339
  • Sep 8, 2013 10:09am Sep 8, 2013 10:09am
Quoting forextraderp
{quote} Thank you so much for your help, Is this method really working?
The truth is following, no mothod or system guarantees anything, same system two traders two different results (usually dramatically different).
Make some backtesting and then go on demo, make own statistic, and result you will get it will be your answer, nobody can tell you what is good for you
JacekPreserve Precious Capital
  • #22,340
  • Sep 8, 2013 11:14am Sep 8, 2013 11:14am
I never used any EA, I just believe in action price. Well i am new trader i just shifted to live account one week ago and made some good profit, However i was looking to find some thing best for my trade it could be any indicator to just confirm my trade. I mostly use support and resistance. Any way thank you so much for your help and great comments. <3
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