15 min UJ - sometimes luck is here. Entry after broken flag. Exit later based on gut.....{image}
I'm pleased for you, though, snail. 
Psych Levels, Pivots, and Trendlines - Resurrected
- #8,861
- Nov 7, 2013 8:25am Nov 7, 2013 8:25am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
I'm pleased for you, though, snail.
Ev, can I ask you something?
Look the 2 chart below, they are both on EU but 5 and 15m. time frames. On 15m the MA's are 13>34 so, exelent, but we havn't clear entry signal yet. But if we move down to 5min. we can see that we have entry signal (the arrow)
So, my question si, is it good to trade with this signal from smaller time frame even we doesn't have signal from 15m yet?
Woud you advice me please because I meet such a example very often and if I wait sometimes for signal from 15m, often I miss the whole trade, but sometimes when I get the trade from 5m signal then price drop against me at 15m and stopped me.
Look the 2 chart below, they are both on EU but 5 and 15m. time frames. On 15m the MA's are 13>34 so, exelent, but we havn't clear entry signal yet. But if we move down to 5min. we can see that we have entry signal (the arrow)
So, my question si, is it good to trade with this signal from smaller time frame even we doesn't have signal from 15m yet?
Woud you advice me please because I meet such a example very often and if I wait sometimes for signal from 15m, often I miss the whole trade, but sometimes when I get the trade from 5m signal then price drop against me at 15m and stopped me.
- #8,864
- Edited 5:07am Nov 8, 2013 4:51am | Edited 5:07am
Dim, is it your stop on EU 10 pips ? That might be possible, but with a completely different approach on 5 mins as here. Need to work with peaks and valleys. Stop here may be 3403...
Snail, because you say peaks and valleys, is it what you mean:
Or Im not get it?
Dim, you need to have a certain type of pullback. {image}
Thats I neded. New thing that I learned now.I hope now to beginning avoid the bad trades.
I hope to not bother you with questions, Snail. Just like this example not everyone does think before for important of previous type of pullbacks.
For example, this was a good entry:
right?
Correct. Note the LEVEL below too..... PS: Dim, ask you need something.... glad to help to those who want to learn. EV is here too. {image}
Thank you Snail, also to Ev.
If I could handle alone with this I wiln't bother you friends, but when you don't know what to looking for and some little tips its hard to do alone, especially if you a self-educated In this business like me
Thank you again for the help Snail and God bless you!
PS: Yes, now I saw the level Snail thanks, maybe will be good to use the Bil fractals for now, while my eyes are not accustomed to spot this lttle peaks alone.
- #8,870
- Edited 7:01am Nov 8, 2013 6:32am | Edited 7:01am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
I zoomed to the max and cannot see the left part of the chart (swings, levels), its a problem 
now corrected. - #8,872
- Edited 8:14am Nov 8, 2013 7:59am | Edited 8:14am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
- #8,874
- Nov 9, 2013 9:02am Nov 9, 2013 9:02am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Ev, can I ask you something? Look the 2 chart below, they are both on EU but 5 and 15m. time frames. On 15m the MA's are 13>34 so, exelent, but we havn't clear entry signal yet. But if we move down to 5min. we can see that we have entry signal (the arrow) So, my question si, is it good to trade with this signal from smaller time frame even we doesn't have signal from 15m yet? Woud you advice me please because I meet such a example very often and if I wait sometimes for signal from 15m, often I miss the whole trade, but sometimes when I get the trade...
Hello Dimkata.
Basically, mate, I would advise you to stay from such flat conditions. Price and MA's had been meandering along sideways for around 9 hours, give or take. Comparing TF's under such conditions is a waste of time. When price is flat, brother, find something else to do. When price starts moving purposefully up or down, that's the time to start looking for patterns and possible entry points.
- #8,875
- Edited 3:29am Nov 11, 2013 3:09am | Edited 3:29am
Good morning all : )
I started the new week with 28pips profit, I hope that not to be only profit for the week.
EurNzd- beautiful clean pullback to the P level and after price bounced I enter just few pips above this bounced candle, the stop was 20 pips. target- 28 (at whole number level)
I will stay front of computer, maybe if price break the first midle resistance level, I will watch for another entry on 5min. time frame with target R1
I researched this days, that if we miss the first opportunety for entry, we may entry at next level from 5min. time frame to catch the rest of the movement.
Two more possible entries that I miss...
Eu 5min. - First entry was again after very nice pullback to the MA's, the second entry wasn't have very good clean pullback, but we have engulfing bar, also we have a that first beautiful signal with the pullback, so I think is also good entry point All this for 25pips if someone catched 
I started the new week with 28pips profit, I hope that not to be only profit for the week.
EurNzd- beautiful clean pullback to the P level and after price bounced I enter just few pips above this bounced candle, the stop was 20 pips. target- 28 (at whole number level)
I will stay front of computer, maybe if price break the first midle resistance level, I will watch for another entry on 5min. time frame with target R1
I researched this days, that if we miss the first opportunety for entry, we may entry at next level from 5min. time frame to catch the rest of the movement.
Two more possible entries that I miss...
Eu 5min. - First entry was again after very nice pullback to the MA's, the second entry wasn't have very good clean pullback, but we have engulfing bar, also we have a that first beautiful signal with the pullback, so I think is also good entry point
All this for 25pips if someone catched - #8,876
- Nov 11, 2013 3:45am Nov 11, 2013 3:45am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Good morning all : ) I started the new week with 28pips profit, I hope that not to be only profit for the week. EurNzd- beautiful clean pullback to the P level and after price bounced I enter just few pips above this bounced candle, the stop was 20 pips. target- 28 (at whole number level) {image} I will stay front of computer, maybe if price break the first midle resistance level, I will watch for another entry on 5min. time frame with target R1 I researched this days, that if we miss the first opportunety for entry, we may entry at...
Nice one, Dimkata. A good start to the week for you.
- #8,877
- Nov 11, 2013 7:37am Nov 11, 2013 7:37am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
- #8,878
- Edited 2:52am Nov 12, 2013 2:41am | Edited 2:52am
Good morning
Second day- second profit
GU 15m. I saw this pin bar rejected from MA's and I move down to see what's up on 5min. time frame, and when price closed below 13ma on 5m. I enter the trade. I think the pullback is clean as Snail say to looking for And work... 15pips. from this pair for today, exit at second pivot mid. point which is almost at the same level as the whole number, which made me think that is strong level where price may reject or revers.
Ev, Snail if I can ask you for your opinion, Im wonder this example of EU can be considered as a good setup, because Im not sure...
Yes, the ma's are good, we have pullback to them, and broken 13ma but I don't like the previous swing low because is too short for the current pullback.
What you think? (Im not on trade, just for opinion for next time if I saw such a setup)
Second day- second profit
GU 15m. I saw this pin bar rejected from MA's and I move down to see what's up on 5min. time frame, and when price closed below 13ma on 5m. I enter the trade. I think the pullback is clean as Snail say to looking for
And work... 15pips. from this pair for today, exit at second pivot mid. point which is almost at the same level as the whole number, which made me think that is strong level where price may reject or revers. Ev, Snail if I can ask you for your opinion, Im wonder this example of EU can be considered as a good setup, because Im not sure...
Yes, the ma's are good, we have pullback to them, and broken 13ma but I don't like the previous swing low because is too short for the current pullback.
What you think? (Im not on trade, just for opinion for next time if I saw such a setup)
- #8,879
- Nov 12, 2013 3:13am Nov 12, 2013 3:13am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Good morning
The first one is a really nice trade, Dimkata, after a good, high-probability signal. With the second one, you have another pin-bar, followed by a large bearish engulfing candle, so, IMO, it would be worth a go.
- #8,880
- Nov 12, 2013 3:27am Nov 12, 2013 3:27am
{quote} The first one is a really nice trade, Dimkata, after a good, high-probability signal. With the second one, you have another pin-bar, followed by a large bearish engulfing candle, so, IMO, it would be worth a go.
I'll keep that in mind when the pullback is not too clear, to looking for candlestick patterns in that case.