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Another simple system - Time-Frame 15

  • #24,121
  • Jun 16, 2015 8:54am Jun 16, 2015 8:54am
Quoting pips29
{quote} just saw your post. You are right . I tend to forget using the tdi when entering or exiting as I watch pa and the 10 ema. I do use it for divergence but very rarely. I often use candle patterns when trading and the cci Edit: I also pay attention to the slope of the 10 ema
Got it!
Thanks for replying, Pip!
  • #24,122
  • Jun 16, 2015 8:55am Jun 16, 2015 8:55am
In about 5 mins this pair will have a H1 close . Let's see if there is a trade Edit: decided against trading this ....just 1 bottom wick too many for my liking
Attached Image (click to enlarge)
Click to Enlarge Name: uchf1.png Size: 62 KB
the cautious seldom err....C
  • #24,123
  • Jun 16, 2015 9:52am Jun 16, 2015 9:52am
gone long g/n and oil (5 min)
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: oil.png Size: 55 KB
the cautious seldom err....C
  • #24,124
  • Jun 16, 2015 10:28am Jun 16, 2015 10:28am
gone long above 10 and going towards 200 (CT trade)
Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 62 KB
the cautious seldom err....C
  • #24,125
  • Jun 16, 2015 10:33am Jun 16, 2015 10:33am
decided to let loose g/y for -20
the cautious seldom err....C
  • #24,126
  • Edited 11:26am Jun 16, 2015 10:42am | Edited 11:26am
it sure took some time .1/2 out and rest at b/e+ EDIT: someone ate my stop while I wasn't looking
Attached Image (click to enlarge)
Click to Enlarge Name: oil.png Size: 63 KB
the cautious seldom err....C
  • #24,127
  • Jun 16, 2015 11:01am Jun 16, 2015 11:01am
anyone buying e/u for big play tomorrow? good time to buy imo
the cautious seldom err....C
  • #24,128
  • Jun 16, 2015 11:20am Jun 16, 2015 11:20am
I bought. Someone was once told me to buy when it's cheap. Below is a H4 chart closing in 40 mins
Attached Image (click to enlarge)
Click to Enlarge Name: euh4a.png Size: 58 KB
the cautious seldom err....C
  • #24,129
  • Jun 16, 2015 12:06pm Jun 16, 2015 12:06pm
Quoting pips29
I bought. Someone was once told me to buy when it's cheap. Below is a H4 chart closing in 40 mins {image}
H4 close and I am in the green. Today has been a good day as I got a bumper harvest from g/u and her cousins,aunties and uncles except the m-in -law which took 20 pips off me. The e/u chart below
Attached Image (click to enlarge)
Click to Enlarge Name: euh4.png Size: 62 KB
the cautious seldom err....C
  • #24,130
  • Jun 16, 2015 2:35pm Jun 16, 2015 2:35pm
Today out of curiosity I tested strategy after London session and also some trades were taken in 5M frame - 5 of 8 trades failed.

Pips29, could you explain more how you determine your entry and exit?
  • #24,131
  • Jun 16, 2015 5:45pm Jun 16, 2015 5:45pm
Quoting pips29
{quote} jovyfx, can you please post the chart and show me the 123 pattern you are talking about..
Pips29, i guess, as there was no momentum late yesterday, when i posted, it was just ranging and the actual break came in today, guess at the LO. So, the 1-2-3 Pattern was not dependable at that time.

Order accumulation, i believe.

regards,
JovyFX
  • #24,132
  • Jun 16, 2015 5:55pm Jun 16, 2015 5:55pm
Quoting pips29
{quote} H4 close and I am in the green. Today has been a good day as I got a bumper harvest from g/u and her cousins,aunties and uncles except the m-in -law which took 20 pips off me. The e/u chart below {image}

Nice, lolzzz. gr8 JOb.
  • #24,133
  • Jun 16, 2015 6:04pm Jun 16, 2015 6:04pm
XerxesR, use 15min or higher to enter. Do not use the 5 min..It is very fast and you get a lot of noise. Until you know how to differentiate and filter the noise and able to see where buying/selling is happening ,stick to the 15 min which is what this thread is all about i.e trading the 15 min with the help of the moving averages. I agree with what Emmanuel said that you need the 10 and the 200 ema on the chart for a start. I personally like a candle that dips down below the 10 and eventually closes above (long trade).Please make sure the 10 is above the 200 when you go long (trend following). In doing this you are in the current flow on this timeframe though it may be against a higher time frame. As price move in waves we just ride the waves. The primary trend is the higher timeframe .Of course if the lower time frame is in sync with the higher then the wave is much more powerful and you will get many more pips. If you are looking for 10-30 pips, I would suggest you need to look at the 1 hour trend to enter on the 15 min, a ratio of 1:4. If you like you might take a look at the 4 hour. But the 1hr and 4 hr might be showing different things and then get you confused. There are traders who will trade on one time frame only and not bothered with other time frame. At times I am also one of these people. The 50 ema is used as a dynamic support/resistence as the case may be. When price moves back up in a down trend to the 50 we wait for a rejection and a fall below the 10 to rejoin the trend by way of a short and vice versa. will explain more next time with a chart
the cautious seldom err....C
  • #24,134
  • Jun 16, 2015 6:13pm Jun 16, 2015 6:13pm
Quoting pips29
gone long above 10 and going towards 200 (CT trade) {image}
this trade is still alive. I took this trade after that pinbar and some thinking that price has made a HH and HL which would somewhat qualify the trend is still up
Attached Image (click to enlarge)
Click to Enlarge Name: eah1.png Size: 56 KB
the cautious seldom err....C
  • #24,135
  • Jun 16, 2015 6:23pm Jun 16, 2015 6:23pm
I have taken a long on e/cad on H1 . It is a dicey trade for people who want to get lucky or get burned. Anyway my stop is tight. My stop should really be at the bottom of the blue zone
Attached Image (click to enlarge)
Click to Enlarge Name: ecadh1.png Size: 58 KB
the cautious seldom err....C
  • #24,136
  • Jun 16, 2015 11:52pm Jun 16, 2015 11:52pm
Quoting pips29
XerxesR, use 15min or higher to enter. Do not use the 5 min..It is very fast and you get a lot of noise. Until you know how to differentiate and filter the noise and able to see where buying/selling is happening ,stick to the 15 min which is what this thread is all about i.e trading the 15 min with the help of the moving averages. I agree with what Emmanuel said that you need the 10 and the 200 ema on the chart for a start. I personally like a candle that dips down below the 10 and eventually closes above (long trade).Please make sure the 10 is...
Awesome post... thank you Pips29
  • #24,137
  • Jun 17, 2015 2:11am Jun 17, 2015 2:11am
Quoting pips29
XerxesR, use 15min or higher to enter. Do not use the 5 min..It is very fast and you get a lot of noise. Until you know how to differentiate and filter the noise and able to see where buying/selling is happening ,stick to the 15 min which is what this thread is all about i.e trading the 15 min with the help of the moving averages. I agree with what Emmanuel said that you need the 10 and the 200 ema on the chart for a start. I personally like a candle that dips down below the 10 and eventually closes above (long trade).Please make sure the 10 is...

Thanks mate, I know I have to trade M15, but as they say - curiosity killed the cat - all my profit burned but hey - that is the purpose of demo account - to test all questions you have. In one of your post you stated that you rarely use TDI and I got curious about your methods. So if you don't mind me asking - please share your wisdom about EMA, CCI and candle patterns.
  • #24,138
  • Jun 17, 2015 3:07am Jun 17, 2015 3:07am
A very good morning to all. I have just got up some 10 mins ago and found 2 of my 4 trades hit targets already. Here are the charts I move my target higher for e/cad and took 50% off (target was hit if not moved). I took 1/4 off e/u, and once again a very good morning
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ga.png Size: 60 KB
Click to Enlarge Name: eah1.png Size: 60 KB
Click to Enlarge Name: ecadh1.png Size: 67 KB
Click to Enlarge Name: eu.png Size: 68 KB
the cautious seldom err....C
  • #24,139
  • Jun 17, 2015 3:17am Jun 17, 2015 3:17am
Quoting XerxesR
{quote} Thanks mate, I know I have to trade M15, but as they say - curiosity killed the cat - all my profit burned but hey - that is the purpose of demo account - to test all questions you have. In one of your post you stated that you rarely use TDI and I got curious about your methods. So if you don't mind me asking - please share your wisdom about EMA, CCI and candle patterns.
I will get back to you once I get my coffee and a toast. If you don't me asking how long have you been trading forex ?
the cautious seldom err....C
  • #24,140
  • Jun 17, 2015 3:45am Jun 17, 2015 3:45am
Quoting pips29
{quote} I will get back to you once I get my coffee and a toast. If you don't me asking how long have you been trading forex ?
Take your time. I am in forex about 7-8 months, but I was working more with chart patterns, E. Wave theory, and MAO divergence.
A friend of mine recommended - High probability trading strategies by R.C.Miner - still testing his strategy.
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