Another simple system - Time-Frame 15 | Page 1276 | Forex Factory

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Another simple system - Time-Frame 15

  • #25,501
  • Aug 27, 2015 2:25am Aug 27, 2015 2:25am
put in a big size pending buy....playing the breakout of the H4 MC
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the cautious seldom err....C
  • #25,502
  • Aug 27, 2015 2:29am Aug 27, 2015 2:29am
BOUNCE BOUNCE from RN for pips. I missed these while typing this and marking the chart but you get the idea. The art is to know when to take a bounce and how many times you should take a bounce from a level and that comes with screen time. What if price doesn't bounce and just punches through then you just take your loss and get ready for the next trade.
Attached Image (click to enlarge)
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Trading can't be taught but it can be learned
  • #25,503
  • Aug 27, 2015 2:32am Aug 27, 2015 2:32am
Quoting Pipsninja
Second trade, price went down and BOUNCED from Day 10 EMA, went long there and got +7.8 pips with a SL of 10 pips. The beauty of this system is that well in advance I expected price to reach the DAY 10 EMA which also coincided with the low of yesterday and when it did get there, I had a plan of attack. If it didn't reach that level then I would have just waited. These type of trades are riskier and require you to get in and out quickly since price could keep on dropping. While typing this look at price going down further. There was a BOUNCE from...
here's come the ninja...swift,quick and precise
the cautious seldom err....C
  • #25,504
  • Aug 27, 2015 2:40am Aug 27, 2015 2:40am
It is a long thread so for those new to this thread start with post 20,971. First read Arjun's posts pdf many times and then move on to the other pdfs next and backtest. Invest the time in your education and the rewards will come.
Trading can't be taught but it can be learned
  • #25,505
  • Aug 27, 2015 2:42am Aug 27, 2015 2:42am
Last night I opened UC trade and when I woke up it has already closed with a profit.
Pips 29, I went short before reading your post and when I read that you opened short position as well, I knew I entered well
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  • #25,506
  • Aug 27, 2015 2:49am Aug 27, 2015 2:49am
oil has a good chance of going higher from here
the cautious seldom err....C
  • #25,507
  • Aug 27, 2015 3:38am Aug 27, 2015 3:38am
Quoting Aneczka
Last night I opened UC trade and when I woke up it has already closed with a profit. Pips 29, I went short before reading your post and when I read that you opened short position as well, I knew I entered well {image}
What job pays you while sleeping....it can only happen in forex
the cautious seldom err....C
  • #25,508
  • Aug 27, 2015 3:56am Aug 27, 2015 3:56am
this my short trade on GC.
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  • #25,509
  • Aug 27, 2015 4:03am Aug 27, 2015 4:03am
Quoting Meihk
this my short trade on GC. {image}
That's the way I like it
the cautious seldom err....C
  • #25,510
  • Aug 27, 2015 4:05am Aug 27, 2015 4:05am
no breakout trade for this pair...let's see if support holds
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the cautious seldom err....C
  • #25,511
  • Aug 27, 2015 4:12am Aug 27, 2015 4:12am
NY waking up and with HIN at 1.30pm...expecting big moves...gonna take my lunch early
the cautious seldom err....C
  • #25,512
  • Aug 27, 2015 4:53am Aug 27, 2015 4:53am
Quoting Pipsninja
BOUNCE BOUNCE from RN for pips. I missed these while typing this and marking the chart but you get the idea. The art is to know when to take a bounce and how many times you should take a bounce from a level and that comes with screen time. What if price doesn't bounce and just punches through then you just take your loss and get ready for the next trade. {image}
hi pipsninja i took this long testing out the 5m chart bonuce of ema and RN. i moved TP lower US High news is in 30m.
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  • #25,513
  • Aug 27, 2015 5:23am Aug 27, 2015 5:23am
xm platform frozen ..10 mins before news
the cautious seldom err....C
  • #25,514
  • Edited 7:17am Aug 27, 2015 5:33am | Edited 7:17am
Hi Meihk, I just trade EU and am not familiar with the way GU behaves! PA is too far from RN and counter trend when you took this trade. On a 5M chart, I use 30 EMA instead of 10 EMA and then 200 and 800 EMAs. I consider bounces from 30 EMA ( 10 EMA on the 15M charts) the strongest setup and then the RN and bigger EMA bounces are the next best setups. If there is a confluence of RN and EMA then the stronger is the trade.

Then there is the anticipation of the BOUNCE trade or what is Called a TOUCH trade that gets you in sooner with smaller SL but is riskier since the bounce isn't confirmed when you enter the trade. I hope that I haven't confused you.
Trading can't be taught but it can be learned
  • #25,515
  • Aug 27, 2015 5:37am Aug 27, 2015 5:37am
u/cad trade came to an end
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the cautious seldom err....C
  • #25,516
  • Aug 27, 2015 5:38am Aug 27, 2015 5:38am
Quoting Pipsninja
Hi Mehik, I just trade EU and am not familiar with the way GU behaves! PA is too far from RN and counter trend when you took this trade. On a 5M chart, I use 30 EMA instead of 10 EMA and then 200 and 800 EMAs. I consider bounce from 30 EMA ( 10 EMA on the 15M charts) the strongest setup and then the RN and bigger EMA bounces are the next best setups. If there is a confluence of RN and EMA then the stronger is the trade. Then there is the anticipation of the BOUNCE trade or what is Called a TOUCH trade that gets you in sooner with smaller SL but...
haha thanks i got it, ill try it next time.
  • #25,517
  • Aug 27, 2015 5:39am Aug 27, 2015 5:39am
Quoting Meihk
{quote} hi pipsninja i took this long testing out the 5m chart bonuce of ema and RN. i moved TP lower US High news is in 30m. {image}
you should be trading away from the 30 ema on the 5 min chart but you are trading into it
the cautious seldom err....C
  • #25,518
  • Edited 7:17am Aug 27, 2015 5:42am | Edited 7:17am
Exactly pips29. Here is a chart for Meihk.
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Trading can't be taught but it can be learned
  • #25,519
  • Aug 27, 2015 5:48am Aug 27, 2015 5:48am
swing low on H4 is broken...let's see how the candle will close in 15 mins
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the cautious seldom err....C
  • #25,520
  • Edited 6:28am Aug 27, 2015 6:13am | Edited 6:28am
Plan of action on GU 5M, if there was no major news:

1. Expect a bounce from RN. Long trade, SL hit of 8 to 10 pips.

2. PA breaks below the RN and comes up from below to hit RN, go short and get 8 to 10 pips.

3. PA is bearish below both MAs, it touches blue EMA from below, go short and get 15 to 20 pips.

4. PA retraces to within few pips of RN with the blue EMA on top, go short and get 10 to 15 pips.

5. We anticipate a bounce from the RN, go long once price hits it and get 8 to 10 pips.

Hindsight trading is a beautiful thing

This 5M trading is extremely difficult so don't jump into it right away you will blow your account. Master the 15M setups and higher TFs first. I just wanted to show what is possible. Please don't take all bounces and touches left and right only a few per area is allowed.
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Trading can't be taught but it can be learned
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