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Another simple system - Time-Frame 15

  • #24,181
  • Jun 18, 2015 12:01pm Jun 18, 2015 12:01pm
Quoting catalin_eros
Now I see what you meant with the GU pair. You want to go short on the break of the 50. And the target would be the 100 or 200, maybe? Or perhaps the RN?
sorry for the late reply..I fell asleep. Yes, that's correct. I took a short and it's in profit .
the cautious seldom err....C
  • #24,182
  • Jun 18, 2015 12:08pm Jun 18, 2015 12:08pm
a very bad entry on H4..After analysing I should have gone down to the 15 min. to time my entry. Had I done that the loss would not have occured as there wasn't an entry. Anyway, I re-entered and it's working fine
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #24,183
  • Jun 18, 2015 12:11pm Jun 18, 2015 12:11pm
another bad entry on H4 but came out o.k
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #24,184
  • Jun 18, 2015 12:18pm Jun 18, 2015 12:18pm
some upper wicks on e/u on H4
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #24,185
  • Jun 18, 2015 2:43pm Jun 18, 2015 2:43pm
Quoting pips29
Look at 15 min g/u
Hey Pips29,

I was observing the same GU setup as you and i also took the trade (demo). I was wondering if you could share at which price you decided to place your sell order?

Personally i waited for the price to clear the previous candle low and got filled at 1.58880. I think this may have been a bit late, so would like to compare with your entry.

I included a chart of the setup as a reminder . . . i wish i had napped too, i only managed 9-ish pips.

Thanks in advance,
N

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-06-18 at 10.39.15 AM.png Size: 41 KB
  • #24,186
  • Jun 18, 2015 5:44pm Jun 18, 2015 5:44pm
Quoting Nik-Nyc
{quote} Hey Pips29, I was observing the same GU setup as you and i also took the trade (demo). I was wondering if you could share at which price you decided to place your sell order? Personally i waited for the price to clear the previous candle low and got filled at 1.58880. I think this may have been a bit late, so would like to compare with your entry. I included a chart of the setup as a reminder . . . i wish i had napped too, i only managed 9-ish pips. Thanks in advance, N {image}
Hey Nik, I sold at 1.58829. I entered when the candle closed below the 34 ema EDIT: below is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.png Size: 53 KB
the cautious seldom err....C
  • #24,187
  • Jun 18, 2015 7:20pm Jun 18, 2015 7:20pm
Quoting pips29
{quote} Hey Nik, I sold at 1.58829. I entered when the candle closed below the 34 ema EDIT: below is the chart {image}
Pips29,

Thanks for the explanation and chart, much appreciated.

I would have thought i entered after you, but i guess i was a bit more aggressive. I don't use the 34Ema, but i will look into your previous posts why you do :-). Currently i have the PAC & 10ema for the signals, and i also keep the 50, 200, 800 EMA's for trend direction, TDI (synergy), and S/R from big picture planning, and DO line.

Happy trading
N.
  • #24,188
  • Jun 19, 2015 5:13am Jun 19, 2015 5:13am
Nik, you can use the 50 as dynamic S/R. I am using 34 as I am using the cci..not a lot of difference between the two
the cautious seldom err....C
  • #24,189
  • Jun 19, 2015 5:15am Jun 19, 2015 5:15am
Quoting pips29
{quote} Hey Nik, I sold at 1.58829. I entered when the candle closed below the 34 ema EDIT: below is the chart {image}
This trade is still very much alive
the cautious seldom err....C
  • #24,190
  • Jun 19, 2015 5:22am Jun 19, 2015 5:22am
a late entry but....
Attached Image (click to enlarge)
Click to Enlarge Name: au15.png Size: 57 KB
the cautious seldom err....C
  • #24,191
  • Edited 7:52am Jun 19, 2015 5:31am | Edited 7:52am
I have set a pending buy a few pips above today's high on u/y .Let's see how it develops Edit: pending buy set for ucad as well. If not triggered all p/o will be removed by 2 pm( my time)
P/O for u/y not trigerred and now removed
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ucad.png Size: 52 KB
the cautious seldom err....C
  • #24,192
  • Jun 19, 2015 6:16am Jun 19, 2015 6:16am
some info on moving averages I found and thought I share...........Moving averages allow traders the ability to quantify trends and act as signals for entries, exits, and trailing stops. They can become support and resistance, and give the trader levels to trade around. Below are examples of the specific moving averages with time frames.

  1. 5 Day EMA: Measures the short term time frame. This is support in the strongest up trends. This line can only be used in low volatility trends.
  2. 10 day EMA: “The 10 day exponential moving average (EMA) is my favorite indicator to determine the major trend. I call this ‘red light, green light’ because it is imperative in trading to remain on the correct side of a moving average to give yourself the best probability of success. When you are trading above the 10 day, you have the green light, and you should be thinking buy. Conversely, trading below the average is a red light. The market is in a negative mode, and you should be thinking sell.” – Marty Schwartz
  3. 21 day EMA: This is the intermediate term moving average. It is generally the last line of support in a volatile up trend.
  4. 50 day SMA: This is the line that strong leading stocks typically pull back to. This is usually the support level for strong up trends. Use 50-Day Average For Trading Signals
  5. 100 day SMA: This is the line that provides the support between the 50 day and the 200 day. If it does not hold as support, the 200 day generally is the next stop.
  6. 200 day SMA: Bulls like to buy dips above the 200-day moving average, while bears sell rallies short below it. Bears usually win and sell into rallies below this line as the 200 day becomes resistance, and bulls buy into deep pullbacks to the 200 day when the price is above it. This line is one of the biggest signals in the market telling you which side to be on. Bull above, Bear below. Bad things happen to stocks and markets when this line is lost.

the cautious seldom err....C
  • #24,193
  • Jun 19, 2015 7:48am Jun 19, 2015 7:48am
P/O on U/cad triggered and 1/4 scaled out
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.png Size: 58 KB
the cautious seldom err....C
  • #24,194
  • Jun 19, 2015 7:55am Jun 19, 2015 7:55am
P/o for u/y not triggered and now removed
the cautious seldom err....C
  • #24,195
  • Jun 19, 2015 8:10am Jun 19, 2015 8:10am
Hi, guys!
This is how my today trades look like so far: minus 64,3 pips. I guess there are things I miss, cause people seem to make nice money with this strategy. I am kind of confused and low on morale right now... I basically tried to enter a trade away from 200, and in the direction of the slope of the 10, using HA and confirming with TDI. Basics, I guess.... I tried to use the indications for SL from the first post. 3 lost trades with 20 pips SL, and you can hardly get them back again. Did you have so many losses when you started trading this strategy?
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  • #24,196
  • Jun 19, 2015 8:44am Jun 19, 2015 8:44am
Quoting catalin_eros
Hi, guys! This is how my today trades look like so far: minus 64,3 pips. I guess there are things I miss, cause people seem to make nice money with this strategy. I am kind of confused and low on morale right now... I basically tried to enter a trade away from 200, and in the direction of the slope of the 10, using HA and confirming with TDI. Basics, I guess.... I tried to use the indications for SL from the first post. 3 lost trades with 20 pips SL, and you can hardly get them back again. Did you have so many losses when you started trading this...
can you post the charts for us to see
the cautious seldom err....C
  • #24,197
  • Jun 19, 2015 9:06am Jun 19, 2015 9:06am
have just gone long
Attached Image (click to enlarge)
Click to Enlarge Name: uy.png Size: 59 KB
the cautious seldom err....C
  • #24,198
  • Jun 19, 2015 9:42am Jun 19, 2015 9:42am
Quoting catalin_eros
Hi, guys! This is how my today trades look like so far: minus 64,3 pips. I guess there are things I miss, cause people seem to make nice money with this strategy. I am kind of confused and low on morale right now... I basically tried to enter a trade away from 200, and in the direction of the slope of the 10, using HA and confirming with TDI. Basics, I guess.... I tried to use the indications for SL from the first post. 3 lost trades with 20 pips SL, and you can hardly get them back again. Did you have so many losses when you started trading this...

Please post your charts with drag trades from history

Thanks
  • #24,199
  • Jun 19, 2015 10:10am Jun 19, 2015 10:10am
Quoting pips29
P/O on U/cad triggered and 1/4 scaled out {image}
The above trade was stopped out. Re-entered and took 30% off. Got some errands to do .bbl
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.png Size: 61 KB
the cautious seldom err....C
  • #24,200
  • Jun 19, 2015 10:22am Jun 19, 2015 10:22am
Hey there, Pips29 and mkfx!
I am not sure how to do the drag trades. I will post every trade i take, from now on. Since it is Friday, market is closing, I took no other trades. And I think I mixed strategies a little, cause I believe I took a trade with normal candles, not just HA. My bad. But from Monday I will post everything, with EP, TP and SL, so that I can be corrected when I am wrong.
Thanks, guys! Have a great weekend, everyone!
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