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Another simple system - Time-Frame 15

  • #24,081
  • Jun 15, 2015 3:05am Jun 15, 2015 3:05am
Missed buy entry this morning, but after sitting on my hands for almost two hours - finally sell position:
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  • #24,082
  • Jun 15, 2015 4:01am Jun 15, 2015 4:01am
simple setup ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,083
  • Jun 15, 2015 4:04am Jun 15, 2015 4:04am
Hey there, XerxesR!
I have a question, if you don't mind: In the screen shot I posted, the previous candle (the one emphasized by the arrow) closes inside the channel (as a bar candle), but it closes outside the channel as a HA candle. In this situation, which is the valid close for an entry? If I were to guess, I think it is the close of the HA, not of the normal candle, since this strategy is based on HA.

P.S.: It is a demo account. I wish I had 7 000 dollars in my real account. LOL!
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  • #24,084
  • Jun 15, 2015 4:17am Jun 15, 2015 4:17am
Quoting emmanuel7788
simple setup ... {image}
Hello, Emmanuel!
I see you are not using the 5EMA channel of Dean Malone's system, but 10 and 200 EMAs. But you do seem to use TDI and HA. Have you been having better results using 10 and 200 instead of the channel?
  • #24,085
  • Jun 15, 2015 6:45am Jun 15, 2015 6:45am
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price bounces between 200 ema(red line) and 800 ema(white line)
and if i not wrong 50 ema doesnt any effect i guess
Take What You Can , Give Nothing Back
  • #24,086
  • Jun 15, 2015 9:12am Jun 15, 2015 9:12am
50 EMA is very popular among traders. Besides, it holds the function of 10EMA on 1H chart. It should have been 40, but 50 is a round number and as I said, 50 EMA is widely used, unlike 40. And price respects the 50 as well, many times.
  • #24,087
  • Jun 15, 2015 9:41am Jun 15, 2015 9:41am
Guys look at usdjpy on the daily and 4hr, to me its a good example that its going to fall
  • #24,088
  • Jun 15, 2015 9:53am Jun 15, 2015 9:53am
Quoting catalin_eros
Hey there, XerxesR! I have a question, if you don't mind: In the screen shot I posted, the previous candle (the one emphasized by the arrow) closes inside the channel (as a bar candle), but it closes outside the channel as a HA candle. In this situation, which is the valid close for an entry? If I were to guess, I think it is the close of the HA, not of the normal candle, since this strategy is based on HA. P.S.: It is a demo account. I wish I had 7 000 dollars in my real account. LOL! {image}

Catalin, just to be clear - I am NOT a professional trader, don't take my words for granted.
But what I believe, according to Malone - you should enter when RSI-green line crosses MBL and TSL and is above 50. And visa versa.
I would enter when marked candle (with yellow arrow) closes.
Why not earlier? - because the previous candle doesn't look like strong bullish. And Malone also talks about PAC closing high. I use smoothed moving average by Malone. I also have Arjun EMA lines, but now I am not working with them.
I do not enter when RSI has crossed VB lines - I think it is too risky - and that is exactly your marked candle.
About exit - read Malones strategy - he explained it very well.

Anyone is welcome to correct me
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  • #24,089
  • Jun 15, 2015 10:03am Jun 15, 2015 10:03am
Quoting soprano-
Guys look at usdjpy on the daily and 4hr, to me its a good example that its going to fall
On the daily there was a mother candle (candle 1) followed by inside bars one after another. Wonder if it's getting set for fomc on wed
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the cautious seldom err....C
  • #24,090
  • Jun 15, 2015 10:10am Jun 15, 2015 10:10am
Quoting pips29
{quote} On the daily there was a mother candle (candle 1) followed by inside bars one after another. Wonder if it's getting set for fomc on wed {image}
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  • #24,091
  • Jun 15, 2015 11:12am Jun 15, 2015 11:12am
3 Trades taken; based on my Friday`s post. Demo Trades.

GBP/USD BUY - with the trend. Pull back to 200 and close above 10 ema. Took off the 5M to fine tune the ENTRY, as i was little late on 15M. Positive (+56 PIPS)
EUR/GBP SELL - D/4HR Bias was down, so was waiting for the Price to close below 10 EMA, for ENTRY. Entered Twice but Both trades closed at B.E. Finally the Train left w/o me, but its OK. Now looking for a Pullback and continuation.
  • #24,092
  • Jun 15, 2015 11:14am Jun 15, 2015 11:14am
somehow the charts wont load. Not sure, what the thing is, as when i upload, FF page says scanning for virus OR Uploading. Tried screen shot and saved attachment, as well.

Let me check, how to get this uploaded.
  • #24,093
  • Jun 15, 2015 11:15am Jun 15, 2015 11:15am
Quoting XerxesR
{quote} Catalin, just to be clear - I am NOT a professional trader, don't take my words for granted. But what I believe, according to Malone - you should enter when RSI-green line crosses MBL and TSL and is above 50. And visa versa. I would enter when marked candle (with yellow arrow) closes. Why not earlier? - because the previous candle doesn't look like strong bullish. And Malone also talks about PAC closing high. I use smoothed moving average by Malone. I also have Arjun EMA lines, but now I am not working with them. I do not enter when RSI...
Thanks for replying!
I was only curious about how YOU do it, regardless of the fact that you are or aren't a professional trader. The exit is very clear to me. And it seems that upon re-reading Malone's file, I found the answer to my question, and I will post it here, just in case anyone else trades HA and wishes to do it by the book: Longentry = haClose > PAC High Moving Average, and Shortentry = haClose < PAC Low Moving Average.
Take care!
  • #24,094
  • Jun 15, 2015 11:16am Jun 15, 2015 11:16am
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  • #24,095
  • Jun 15, 2015 11:20am Jun 15, 2015 11:20am
sorry guys, as I`m at work and this is the best, i could post from.

I do not have access to a proper FX TRADING platform, hence using this temporarily, as my office network firewall, does not allow to download the platform.

Sorry for the inconvenience caused.

much regards,
JovyFX
  • #24,096
  • Jun 15, 2015 11:26am Jun 15, 2015 11:26am
EURGBP - Re-Entry SELL @ 0.72293 | STOP LOSS 0.72315

GBPUSD - Buy @ 1.55824 | STOP LOSS @ 1.55724
  • #24,097
  • Jun 15, 2015 11:31am Jun 15, 2015 11:31am
Quoting jovyfx
3 Trades taken; based on my Friday`s post. Demo Trades. GBP/USD BUY - with the trend. Pull back to 200 and close above 10 ema. Took off the 5M to fine tune the ENTRY, as i was little late on 15M. Positive (+56 PIPS) EUR/GBP SELL - D/4HR Bias was down, so was waiting for the Price to close below 10 EMA, for ENTRY. Entered Twice but Both trades closed at B.E. Finally the Train left w/o me, but its OK. Now looking for a Pullback and continuation.
just want to know the pullback to the 200 and close above 10 was in which time frame?
the cautious seldom err....C
  • #24,098
  • Jun 15, 2015 11:40am Jun 15, 2015 11:40am
Hi all ,PIPS29 i might be wrong but seems its on a 15mn TF, Jovyfx is speaking
  • #24,099
  • Jun 15, 2015 12:05pm Jun 15, 2015 12:05pm
EURGBP & GU Trade Updates

EG - Original STOP Loss Hit. Loss Trade -5 Pips i guess.

GU - SL @ B.E - Trade running +20 Pips.

Also, included earlier TRADE entries of the trades taken with more TEXT Visuals, on the DEMO charts for reference.
  • #24,100
  • Jun 15, 2015 12:06pm Jun 15, 2015 12:06pm
Quoting jovyfx
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EURGBP & GU Trade Updates EG - Original STOP Loss Hit. Loss Trade -5 Pips i guess. GU - SL @ B.E - Trade running +20 Pips. Also, included earlier TRADE entries of the trades taken with more TEXT Visuals, on the DEMO charts for reference.
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