Another simple system - Time-Frame 15 | Page 1229 | Forex Factory

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Another simple system - Time-Frame 15

  • #24,561
  • Jul 9, 2015 6:16am Jul 9, 2015 6:16am
ok I see, you entered wayyyy earlier than I thought! thanks
Quoting X-Man
{quote} my entry was at the touch of the RN. but the safer way is to wait for the candle to cross the 10ema
  • #24,562
  • Jul 9, 2015 6:17am Jul 9, 2015 6:17am
thanks Emmanuel!
Quoting emmanuel7788
{quote} I wait for this current H1 to close....
  • #24,563
  • Jul 9, 2015 6:18am Jul 9, 2015 6:18am
no longs, we are discussing shorts for GU
Quoting eZimka
Why u guys go long below ma200 on GU? )) I see clear entrance in short m15 GU on hour before LO. {image}
  • #24,564
  • Jul 9, 2015 6:25am Jul 9, 2015 6:25am
my entry would be at around the rn like this
Attached Image (click to enlarge)
Click to Enlarge Name: july 8 2015 3.PNG Size: 70 KB
  • #24,565
  • Jul 9, 2015 6:30am Jul 9, 2015 6:30am
Quoting Meihk
my entry would be at around the rn like this {image}

do you know the risk of this setup?

TIMING! we are in the hour to the New York open.... who is selling? who is buying?

you want learn something today, wait for London closing hour and see how the market behaves in M15.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,566
  • Jul 9, 2015 6:30am Jul 9, 2015 6:30am
I don't see shorts on the 1 hour at all...in fact it's looking bullish
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.png Size: 50 KB
the cautious seldom err....C
  • #24,567
  • Jul 9, 2015 6:33am Jul 9, 2015 6:33am
I would just take a loss without letting it breathe more. but I am not able to hold trades for long to start with
Quoting X-Man
Now just say you in GU short can anyone tell me what would they do if the market start to turn? when will you know its time to exit the trade or will you let it "breathe" and pray and hope that it will come back into your favour?
  • #24,568
  • Jul 9, 2015 6:49am Jul 9, 2015 6:49am
Quoting emmanuel7788
{quote} do you know the risk of this setup? TIMING! we are in the hour to the New York open.... who is selling? who is buying? you want learn something today, wait for London closing hour and see how the market behaves in M15.
Thank you emmanuel, I'll do that today, I'll study the price around the ema.
  • #24,569
  • Jul 9, 2015 7:13am Jul 9, 2015 7:13am
Quoting X-Man
Now just say you in GU short can anyone tell me what would they do if the market start to turn? when will you know its time to exit the trade or will you let it "breathe" and pray and hope that it will come back into your favour?
Firstly it depends on how much and how long. Secondly if the price is really moving in the opposite direction with my trade, I will cut off as soon as possible. If prices move opposite to my trade, but it was just a pullback (as an example), but too much and exceeds the risk management I want to, I'm going to cut it too. If not, maybe I'll let it "breathe".
  • #24,570
  • Jul 9, 2015 7:52am Jul 9, 2015 7:52am
GU now looks like good TIMING to sell when this 15mins candle close.

why?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,571
  • Jul 9, 2015 7:54am Jul 9, 2015 7:54am
Quoting emmanuel7788
GU now loos like good TIMING to sell when this 15mins candle close. why?
it was because it's time to make a lower low, and below the 50 ema
  • #24,572
  • Jul 9, 2015 8:13am Jul 9, 2015 8:13am
Quoting Awesometrade
{quote} it was because it's time to make a lower low, and below the 50 ema
see comments on chart below:
4xM15 candles makes one H1.

Attached Image (click to enlarge)
Click to Enlarge Name: GU M15 discussion NYO 9 Jul.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,573
  • Jul 9, 2015 8:19am Jul 9, 2015 8:19am
Quoting emmanuel7788
GU now looks like good TIMING to sell when this 15mins candle close. why?
best entry would be bounce off of 50 ema?
  • #24,574
  • Jul 9, 2015 8:38am Jul 9, 2015 8:38am
I had taken shorts on u/chf and u/cad and a long on g/u. At the moment a bit of dd on ucad
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uchf1.png Size: 67 KB
Click to Enlarge Name: ucad.png Size: 72 KB
Click to Enlarge Name: guh1.png Size: 57 KB
the cautious seldom err....C
  • #24,575
  • Jul 9, 2015 8:51am Jul 9, 2015 8:51am
already taken 3/4 off 1 position and stops are at b/e+ on both....G/u has been difficult to trade since LO....look for other pairs to trade guys
Attached Image (click to enlarge)
Click to Enlarge Name: uchf1.png Size: 64 KB
the cautious seldom err....C
  • #24,576
  • Jul 9, 2015 8:57am Jul 9, 2015 8:57am
the last candle on the 4 hour ended up as a doji=buyers =sellers=indecision...so you have to make your own decision and I made mine
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.png Size: 50 KB
the cautious seldom err....C
  • #24,577
  • Jul 9, 2015 9:10am Jul 9, 2015 9:10am
a new star is born, a lovely Spaniard in the wimbledon ladies final
the cautious seldom err....C
  • #24,578
  • Jul 9, 2015 9:16am Jul 9, 2015 9:16am
not looking good for me with my u/cad shorts..stops are @1.2755....let's see
the cautious seldom err....C
  • #24,579
  • Jul 9, 2015 10:16am Jul 9, 2015 10:16am
at close of this bar is a good entry?
Attached Image (click to enlarge)
Click to Enlarge Name: july 9 2015.PNG Size: 79 KB
  • #24,580
  • Jul 9, 2015 11:04am Jul 9, 2015 11:04am
Quoting soprano-
There seems to be some confusion regarding higher timeframes for confirmation, some people say to make sure price is both below the 10 ema in two higher timeframes before taking a trade on the 15, others say look at the 200 and 800 on bigger timeframes too. So what is the correct way? Id personally like to ask X-Man, Emmanuel, and other experienced traders of this thread.
X-Man, could you please give an answer for this? thank you
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