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  • #9,701
  • Oct 8, 2013 5:28am Oct 8, 2013 5:28am
Quoting kostas1
{quote} Good question. I noticed that the corrective move up was very strong (see how it crossed the M5 12 with no problem). In these cases I expect the higher TF confluences to be hit. The confluence of M15 35/50, H1 10 and DP was a clear area to be hit next, so I patiently waited for that and I entered when it hesitated there with the M5 9:35 GMT candle. My SL was above the H4 10 area, initially I thought price would check that also.

Thanks for explaining! Food for thought, I have to learn how to tell the strong moves up where it is likely to bounces from those where it doesn't bounce. The move up has to be strong by definition, otherwise the two bar rule is violated. I guess this is one of the seemingly minor details separating very successful traders (like you) from the rest of the herd (me) and can only be acquired by lots of experience / screen time. If there were set rules to this dilemma (wark move / strong move; bounce / not bounce), this would be the "holy grail" so many are looking for.
  • #9,702
  • Oct 8, 2013 5:36am Oct 8, 2013 5:36am
Damn, with all the writing I missed one of my favorite setups in AU M5. A series of constrained pinbars accelerating into a S/R that has been tested multiple times before. This is almost a perfect example; a little more "acceleration" with increasing slope of the EMA10 would be preferable. The bars have to look like they are being pushed "upwards" by the EMA10 and spiking it. Higher consecutive closes are a must; after the second or third bar it is usually safe to enter. Hope some of you guys got this!
Attached Image
  • #9,703
  • Oct 8, 2013 8:31am Oct 8, 2013 8:31am
Itīs another trade E$ .
Bounce of the 35 sma + 50 Ema in M5 .
M15 also long .. explained the trade in the Choros chatroom :
Risiko birgt immer auch die Chance.
  • #9,704
  • Oct 8, 2013 8:36am Oct 8, 2013 8:36am
Itīs another trade E$ .
Bounce of the 35 sma + 50 Ema in M5 .
M15 also long .. explained the trade in the Choros chatroom : http://us14.chatzy.com/31231809696996
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdcm5.png 8.10.2013.png Size: 42 KB
Click to Enlarge Name: eurusdcm15.png 8.10.2013.png Size: 45 KB
Risiko birgt immer auch die Chance.
  • #9,705
  • Oct 8, 2013 2:24pm Oct 8, 2013 2:24pm
What a day to dance ! Only 35/50 touches, I'm still a newbie so I want to master these types of trades =P

GBPUSB +20 pips
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NZDUSD (a bit of exotism...) +9 pips
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USDJPY +9 pips
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EURUSD +3 pips (first circle) -9 pips ... Any advice ?
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By th way, sorry for my English
  • #9,706
  • Oct 8, 2013 3:18pm Oct 8, 2013 3:18pm
good evening to all,
by now i've read the dance 15m manual (revised) twice and i have one question about direction of the trade.
when we see touching of a MA by a candle and the "trend of the moment" is up (or down) do we follow the trend of the moment?
to be more specific, and its unclear to me from the manual, do we go take a contrarian stance or not.
for example if the candle is now touching the MA and the trend is down do we expect the candle to go up through the MA and up or do we take a bounce point of view and expect the candle to go down again?
sorry to bother you with this basic question.
thank you
  • #9,707
  • Oct 8, 2013 3:22pm Oct 8, 2013 3:22pm
Quoting achille66
good evening to all, by now i've read the dance 15m manual (revised) twice and i have one question about direction of the trade. when we see touching of a MA by a candle and the "trend of the moment" is up (or down) do we follow the trend of the moment? to be more specific, and its unclear to me from the manual, do we go take a contrarian stance or not. for example if the candle is now touching the MA and the trend is down do we expect the candle to go up through the MA and up or do we take a bounce point of view and expect the candle to go down...

I'm not sure what you're asking for, just came back tired from gym, so I will guess ;-)
if 10 ema is above 35sma and 50 ema it means trend goes up (with more conditions, but to be simple) - so in this situation you enter (long) once the bar touches ema from top
and same when 10 ema is below 35/50 - trend goes down, so you will short once the bar comes back to the ema
hope it helps, if not please specify your question
On my way to financial independence - if others can do it - I can do it
  • #9,708
  • Oct 9, 2013 3:11am Oct 9, 2013 3:11am
Quoting achille66
good evening to all, by now i've read the dance 15m manual (revised) twice and i have one question about direction of the trade. when we see touching of a MA by a candle and the "trend of the moment" is up (or down) do we follow the trend of the moment? to be more specific, and its unclear to me from the manual, do we go take a contrarian stance or not. for example if the candle is now touching the MA and the trend is down do we expect the candle to go up through the MA and up or do we take a bounce point of view and expect the candle to go down...
We trade in direction of the trend!
Weīre looking for a reversal ( a touch ) .. and we enter ..
In this thread are all trades explained.. do some homework.. itīs worth it !
Risiko birgt immer auch die Chance.
  • #9,709
  • Oct 9, 2013 3:42am Oct 9, 2013 3:42am
ATTENTION: GBP/USD is near to 35 sma on daily chart, also colse to daily pivot's S2 - good opportunity to long
On my way to financial independence - if others can do it - I can do it
  • #9,710
  • Oct 9, 2013 5:30am Oct 9, 2013 5:30am
good morning to all,
taking for example eurusd above post the GU is near the 35sma on daily chart
the daily chart has an upwards trend so we would expect it to go long
on m15 the 35/50 are downwards, thus the trend of the moment is down, only last 4 candles are green
thus we take an upwards trend or a downwards trend
again sorry to bother you with this.
thank you
  • #9,711
  • Oct 9, 2013 5:44am Oct 9, 2013 5:44am
Quoting achille66
good morning to all, taking for example eurusd above post the GU is near the 35sma on daily chart the daily chart has an upwards trend so we would expect it to go long on m15 the 35/50 are downwards, thus the trend of the moment is down, only last 4 candles are green thus we take an upwards trend or a downwards trend again sorry to bother you with this. thank you
In EURUSD Iīm looking for a entry short.
M15 ( trend of the moment / maintrend ) is short.
Itīs true daily is long , but thereīs much space between the price now and the 35 sma + 50 Ema.. ( around 150 pips )
The price respects often the round numbers and the fiboīs are also on the way .
.. hope it helped..

Guido
Risiko birgt immer auch die Chance.
  • #9,712
  • Oct 9, 2013 6:06am Oct 9, 2013 6:06am
My first woeking trade today is EJ. ( Had another one in the morning AudUsd , but got stopped BE quickly )
I saw the touch of the 35Sma in m5 , m15 confirmed ..
I jumped on it a little late ( but in the rules with a Sl of 10)
triggered quickly to BE because thereīs a round number and the daily pivot on the way down .
Attached Image(s) (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #9,713
  • Oct 9, 2013 9:17am Oct 9, 2013 9:17am
Hereīs one more of my trades .
AudUSD in M15 .
It touched the 50 Ema and the 35Sma in H1 .
But didnīt hit the R1 , so I expect a move long to hit the Daily R1.
Otherwise I get stopped soon .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdcm15.png9.10.2013.png Size: 47 KB
Click to Enlarge Name: audusdch1.png 9.10.2013.png Size: 42 KB
Risiko birgt immer auch die Chance.
  • #9,714
  • Oct 9, 2013 9:31am Oct 9, 2013 9:31am
Quoting Eur Usd
ATTENTION: GBP/USD is near to 35 sma on daily chart, also colse to daily pivot's S2 - good opportunity to long
I WAS WRONG
On my way to financial independence - if others can do it - I can do it
  • #9,715
  • Edited 3:10am Oct 10, 2013 2:52am | Edited 3:10am
Good morning !
My first trade today was exactly 20 seconds later , when I opened my Mt4.
Ej , m15 a bounce on the 50Ema , H1 is also long , but H4 looks short!
.. quick Sl to BE ,
too quick ??

EDIT : Yes, too quick ! Got stopped BE and now itīs running!
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #9,716
  • Oct 10, 2013 3:28am Oct 10, 2013 3:28am
Took it again at the open on the 10 Ema .
Closed with 13 pips .
In m5 was it a touch of the Ema 10 , after a clear break !
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #9,717
  • Oct 10, 2013 4:48am Oct 10, 2013 4:48am
Quoting Sesamstrasse
Took it again at the open on the 10 Ema . Closed with 13 pips . In m5 was it a touch of the Ema 10 , after a clear break ! {image}
Congrats!
I took the same trade at MA35 and already wanted to close out manually. My patience was rewarded with 28 pips. More patience with exit would have been even more profitable.
Now I'm in a NU position, where I got in because of a constrainment at MA35. Alas, price broke through eventually and I'm 8 pips down now.

Attached Image (click to enlarge)
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Let's see what happens
Be water, my friend
  • #9,718
  • Oct 10, 2013 4:56am Oct 10, 2013 4:56am
Quoting spocktrader
{quote} Congrats! I took the same trade at MA35 and already wanted to close out manually. My patience was rewarded with 28 pips. More patience with exit would have been even more profitable. Now I'm in a NU position, where I got in because of a constrainment at MA35. Alas, price broke through eventually and I'm 8 pips down now. {image} Let's see what happens
GOOD JOB !
28 is much better than me!
With a better entry I also could have a better result.
..have to work on it .. and looking for " where to buy some patience" ..
Risiko birgt immer auch die Chance.
  • #9,719
  • Oct 10, 2013 5:11am Oct 10, 2013 5:11am
Hi

Has any of you tried scalping with the m1 method?
I am interested in it as an alternative for m15 on slow days.
If you used how would mm look like? what s/l do you use?
I think that If I had to set t/p on 2-3 pips then I'd invest 100% of account all the time - am I right? I've never scalped before, except some 1 day tests with 10-5 ema on low time frame, entry was always when the ema's were crossing
On my way to financial independence - if others can do it - I can do it
  • #9,720
  • Oct 10, 2013 5:26am Oct 10, 2013 5:26am
Quoting Sesamstrasse
{quote} GOOD JOB ! 28 is much better than me! With a better entry I also could have a better result. ..have to work on it .. and looking for " where to buy some patience" ..
In fact, this was my second position of the same pair. The 1st one was opened yesterday and kept overnight. The entry signal was pretty weak but I wanted to get into the pair because I feel it's got room to run.

Yeah, Patience is the name of the game! My trading rules 2 to 4 are
Patience
Patience
Patience
Patience to get in, Patience to get out, Patience to get rich (or to give up )
My rules are very good. The problem is execution .

My NU trade has bounced off MA50 and is now stuck in the middle of nowhere. Don't think it's going anywhere and I'll close it once the 15' candle closes above MA50.

Cheers
Be water, my friend
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