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Another simple system - Time-Frame 15

  • #23,221
  • Mar 26, 2015 9:43am Mar 26, 2015 9:43am
Quoting pips29
I am actually done for the day on both acc., so if anyone wants to ask Q, I will gladly reply. Below the dollar on H1 {image}
Are you a full time trader pips? I like your way of trading and I'm trying to adjust mine to yours. I know I've still got a long way ahead. I did that mistake in AU and lost 20 pips. But I believe that slowly I'm starting to read better the charts.
  • #23,222
  • Mar 26, 2015 9:45am Mar 26, 2015 9:45am
Quoting pips29
{quote} always advisable to trade away from the ema and if you trade towards it you are trading CT..Nothing wrong with that if you know what you are doing..As this is a trend following system, then trade it the way it should be traded. There's more than enuf pips just following the 10 ema as jeank always say
Mario, I never said you can't trade towards the ema
the cautious seldom err....C
  • #23,223
  • Mar 26, 2015 9:48am Mar 26, 2015 9:48am
Quoting DarioSantor
{quote} Are you a full time trader pips? I like your way of trading and I'm trying to adjust mine to yours. I know I've still got a long way ahead. I did that mistake in AU and lost 20 pips. But I believe that slowly I'm starting to read better the charts.
"young" unemployable man care to show what went wrong??
the cautious seldom err....C
  • #23,224
  • Mar 26, 2015 9:56am Mar 26, 2015 9:56am
take a look at gcad. There was actually another trigger for add-on. You can see price was rejected at the 200 and then broke the 10 ema and the tdi was showing a cross just below the 50. A good entry but I was only interested in taking profit rather than making profit. I hope you guys can see what I am trying to say.
Attached Image (click to enlarge)
Click to Enlarge Name: gcad.png Size: 50 KB
the cautious seldom err....C
  • #23,225
  • Mar 26, 2015 10:06am Mar 26, 2015 10:06am
Quoting pips29
{quote} "young" unemployable man care to show what went wrong??
This:

https://charts.mql5.com/7/375/audusd...ernational.png

I believed that was a turning point of the price.
  • #23,226
  • Mar 26, 2015 10:07am Mar 26, 2015 10:07am
Do you only trade from LO to NY close?
  • #23,227
  • Mar 26, 2015 10:22am Mar 26, 2015 10:22am
Quoting DarioSantor
Do you only trade from LO to NY close?
Most of the time but not from LO as I get up late.
the cautious seldom err....C
  • #23,228
  • Mar 26, 2015 10:25am Mar 26, 2015 10:25am
Quoting DarioSantor
{quote} This: {image} I believed that was a turning point of the price.
I don't know if anyone bother to look at the tdi in this way...Tdi shows a high and then a lower high and there is some -ve divergence on the 15 min. but I don't want to comment further as I like to keep the spirit of this thread intact i.e. trading the 10 ema..I like to add that the red was pointing down...If both red/green are pointing in the same direction better probability
Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 61 KB
the cautious seldom err....C
  • #23,229
  • Mar 26, 2015 10:48am Mar 26, 2015 10:48am
Quoting pips29
{quote} I don't know if anyone bother to look at the tdi in this way...Tdi shows a high and then a lower high and there is some -ve divergence on the 15 min. but I don't want to comment further as I like to keep the spirit of this thread intact i.e. trading the 10 ema..I like to add that the red was pointing down...If both red/green are pointing in the same direction better probability {image}

Ok, so according to this, in this example that is happening right now, do you believe that this price will rise?

https://charts.mql5.com/7/376/usdjpy...ernational.png
  • #23,230
  • Mar 26, 2015 10:55am Mar 26, 2015 10:55am
Quoting DarioSantor
{quote} Ok, so according to this, in this example that is happening right now, do you believe that this price will rise? {image}
I am watching. This is -ve divergence ..I want to see the tdi below 50 to short (green line) and red line pointing down. If you follow this system, you should look to sell ie trading away from the emas
the cautious seldom err....C
  • #23,231
  • Mar 26, 2015 11:07am Mar 26, 2015 11:07am
Quoting pips29
{quote} I am watching. This is -ve divergence ..I want to see the tdi below 50 to short (green line) and red line pointing down. If you follow this system, you should look to sell ie trading away from the emas
Ok, so if some divergence like this occurs the probable move is a price inversion?
  • #23,232
  • Mar 26, 2015 11:11am Mar 26, 2015 11:11am
today the price broke thru' the swing lows ( highlighted in blue) with one candle ,moved down and then retraced to test this support turned resistence and got rejected before it even reaches the 200 ema. It is now trading below the 10 ema
Attached Image (click to enlarge)
Click to Enlarge Name: uy.png Size: 50 KB
the cautious seldom err....C
  • #23,233
  • Mar 26, 2015 11:13am Mar 26, 2015 11:13am
Quoting DarioSantor
{quote} Ok, so if some divergence like this occurs the probable move is a price inversion?
Do you know how to trade divergence Dario?
the cautious seldom err....C
  • #23,234
  • Mar 26, 2015 11:13am Mar 26, 2015 11:13am
Quoting pips29
today the price broke thru' the swing lows ( highlighted in blue) with one candle ,moved down and then retraced to test this support turned resistence and got rejected before it even reaches the 200 ema. It is now trading below the 10 ema {image}
Do you believe that the price will go down to todays low? Are you in the trade already?
  • #23,235
  • Mar 26, 2015 11:16am Mar 26, 2015 11:16am
Quoting pips29
{quote} Do you know how to trade divergence Dario?
No, I did read something but didn't went to deep.
  • #23,236
  • Mar 26, 2015 11:22am Mar 26, 2015 11:22am
taken 50 % off g/y on last position and closed trade on e/y. Took a fresh short on U/Y but it's actually quite late in the day to take a fresh position
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gy.png Size: 49 KB
Click to Enlarge Name: ey.png Size: 47 KB
Click to Enlarge Name: uy.png Size: 54 KB
the cautious seldom err....C
  • #23,237
  • Mar 26, 2015 11:36am Mar 26, 2015 11:36am
Quoting DarioSantor
{quote} No, I did read something but didn't went to deep.
I think there are 4 situations to trade divergence. Read more if you want to improve your trading
the cautious seldom err....C
  • #23,238
  • Mar 26, 2015 11:43am Mar 26, 2015 11:43am
Quoting DarioSantor
{quote} Do you believe that the price will go down to todays low? Are you in the trade already?
anything is possible with forex. It could go up or go down to 116. Just use your stop. It is designed to help you, not trick you
the cautious seldom err....C
  • #23,239
  • Mar 26, 2015 11:47am Mar 26, 2015 11:47am
europe closed and liquidity decreases. Play time for big boys...just don't be the pig that gets slaughtered
the cautious seldom err....C
  • #23,240
  • Mar 26, 2015 12:05pm Mar 26, 2015 12:05pm
for those interested in learning candlestick trading
Attached File(s)
File Type: pdf Candle patterns doc (PASR).pdf   1.6 MB | 1,254 downloads
the cautious seldom err....C
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