Another simple system - Time-Frame 15 | Page 1300 | Forex Factory

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Another simple system - Time-Frame 15

  • #25,981
  • Oct 31, 2015 12:14am Oct 31, 2015 12:14am
My first trade in a while..+65
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroM15.png Size: 54 KB
the cautious seldom err....C
  • #25,982
  • Nov 2, 2015 10:12pm Nov 2, 2015 10:12pm
I took this trade just mins ago..it just feel strange having to trade the Asia session...anyway let's see
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmicroM15.png Size: 68 KB
the cautious seldom err....C
  • #25,983
  • Nov 3, 2015 3:54am Nov 3, 2015 3:54am
decided to close it manually as I am feeling sleepy +20
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmicroM15.png Size: 67 KB
the cautious seldom err....C
  • #25,984
  • Edited 8:27am Nov 3, 2015 7:32am | Edited 8:27am
sold g/y..stopped out -23
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYmicroM15.png Size: 54 KB
the cautious seldom err....C
  • #25,985
  • Nov 3, 2015 8:43am Nov 3, 2015 8:43am
I took that one too, pin bar below the 10,(seemingly rejecting a retry over 186) then entry on the break below the 200. Quick failure, can anyone see errors in the set up, or is it just one that got away?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 53 KB

I suppose on reflection, the long wicks when trying to break below the 200, should have been a warning??
Getting there, slowly but surely...
  • #25,986
  • Nov 3, 2015 9:58am Nov 3, 2015 9:58am
Quoting pips29
sold g/y..stopped out -23 {image}
after being stopped out, I later entered long when price bounced off the dol,34 and 10 ema. got back +30 pips to offset earlier loss..Trade was closed manually
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYmicroM15.png Size: 53 KB
the cautious seldom err....C
  • #25,987
  • Nov 3, 2015 10:00am Nov 3, 2015 10:00am
Quoting Edlich
I took that one too, pin bar below the 10,(seemingly rejecting a retry over 186) then entry on the break below the 200. Quick failure, can anyone see errors in the set up, or is it just one that got away? {image} I suppose on reflection, the long wicks when trying to break below the 200, should have been a warning??
yes, pa was showing buying with those wicks
the cautious seldom err....C
  • #25,988
  • Edited 10:31am Nov 3, 2015 10:19am | Edited 10:31am
Quoting Edlich
I took that one too, pin bar below the 10,(seemingly rejecting a retry over 186) then entry on the break below the 200. Quick failure, can anyone see errors in the set up, or is it just one that got away? {image} I suppose on reflection, the long wicks when trying to break below the 200, should have been a warning??
Hi Edlich, there were a few things that might have prevented you from taking that trade. Look left, the low of that yesterday big candle coinciding with the WEEK 10 EMA and the wicks (confluence). Some may say that if you put enough lines and indicators then you aren't going to take any trades.

There are times that after a losing trade another trade opportunity may present itself and we can take the next train. As I was typing and marking my chart, pips29 beat me to it. Happy 1300th page.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYcsfxM15.png Size: 41 KB
Trading can't be taught but it can be learned
  • #25,989
  • Nov 3, 2015 10:35am Nov 3, 2015 10:35am
I am transitioning into multiple position (stacking) trading so I don't trade the M5 charts as much as before. Just a few trades here and there while I wait for my positions to mature. 2 trades from yesterday and only one form today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDcsfxM5 1.png Size: 51 KB
Click to Enlarge Name: EURUSDcsfxM5 2.png Size: 34 KB
Trading can't be taught but it can be learned
  • #25,990
  • Nov 3, 2015 12:00pm Nov 3, 2015 12:00pm
I am leaving this trade with stop/limit set as I have to sleep now..it's 2am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDmicroM15.png Size: 57 KB
the cautious seldom err....C
  • #25,991
  • Nov 3, 2015 7:48pm Nov 3, 2015 7:48pm
Quoting Edlich
I took that one too, pin bar below the 10,(seemingly rejecting a retry over 186) then entry on the break below the 200. Quick failure, can anyone see errors in the set up, or is it just one that got away? {image} I suppose on reflection, the long wicks when trying to break below the 200, should have been a warning??
Hello Edlich, look at your HTF chart to see where PA is at, see if 10ema is under or above 200ema on your weekly, days and 4hr chart to see where PA is going, follow the HTF trend and trade it. remember to only take trades that are moving in the same direction as HTF trend!
  • #25,992
  • Nov 3, 2015 9:48pm Nov 3, 2015 9:48pm
entered long...slowly getting into groove of thing like trading the asian session...slow and steady I hope
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroM15.png Size: 59 KB
the cautious seldom err....C
  • #25,993
  • Nov 4, 2015 7:39am Nov 4, 2015 7:39am
hello all, i took this short on GU today. On the HTF chart i see PA was rejecting the TL and was setting up for the bears to take over the market, there was a divergence on TDI and also a short signal.
Attached Image (click to enlarge)
Click to Enlarge Name: November 4 2015.PNG Size: 70 KB
  • #25,994
  • Nov 4, 2015 2:11pm Nov 4, 2015 2:11pm
Quoting Meihk
hello all, i took this short on GU today. On the HTF chart i see PA was rejecting the TL and was setting up for the bears to take over the market, there was a divergence on TDI and also a short signal. {image}
I have also caught a little bit of the GU down move today. I actually opened it using H1 TF. The candle before my entry closed below Daily Open Line and 50EMA. My TP was close to 200EMA and it was reached.
Attached Image (click to enlarge)
Click to Enlarge Name: 11.04 GU.png Size: 81 KB


Pips29 that's so nice that you can have such a long vacation. I see that you got tired of resting
Working in the US while leaving in Europe before, I still cannot accept that people here have so few days of vacation.
  • #25,995
  • Nov 4, 2015 7:44pm Nov 4, 2015 7:44pm
Good job Anezcka! now that GU PA close below the 10ema on 4hr chart, we can start looking for a setup to move price below the 200ema and also looking for a close below the 10ema on daily chart. If PA on daily close below 10ema we can look for last month low to find support and setup if PA want to make a new LL.

Good luck and trade well.
  • #25,996
  • Nov 4, 2015 8:07pm Nov 4, 2015 8:07pm
Quoting Meihk
Good job Anezcka! now that GU PA close below the 10ema on 4hr chart, we can start looking for a setup to move price below the 200ema and also looking for a close below the 10ema on daily chart. If PA on daily close below 10ema we can look for last month low to find support and setup if PA want to make a new LL. Good luck and trade well.

this is good approach.

the Day 10EMA is show stopper, once price move below, it is sell.

today we have big news during London session, so we must beware of the volatility when we trade the M15.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 5Nov M15 trading LS.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,997
  • Nov 4, 2015 9:29pm Nov 4, 2015 9:29pm
Quoting emmanuel7788
{quote} this is good approach. the Day 10EMA is show stopper, once price move below, it is sell. today we have big news during London session, so we must beware of the volatility when we trade the M15. {image}
Thank you Emmanuel7788. I really appreciate your insights, and am trying to implementing many of your suggestions to my trading plan. It is very helpful to have someone who has had experience with similar issue to guide us to right path. I appreciate your taking time out of your busy schedule to help us all.
  • #25,998
  • Nov 5, 2015 3:12am Nov 5, 2015 3:12am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSd M15 5Nov LO.png Size: 70 KB


we saw the first strike at 200EMA of the BRN 1.5400.

now a H1 Pin Bar soon...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,999
  • Nov 5, 2015 3:26am Nov 5, 2015 3:26am
Quoting emmanuel7788
{image} we saw the first strike at 200EMA of the BRN 1.5400. now a H1 Pin Bar soon...
I wouldn't touch it with a 10 foot pole. Price ranging, small candles and big wicks. With all EMAs are bunched up like this and price caught in the middle of it, I would stay away.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDcsfxM15.png Size: 46 KB
Trading can't be taught but it can be learned
  • #26,000
  • Nov 5, 2015 3:58am Nov 5, 2015 3:58am
Quoting Pipsninja
{quote} I wouldn't touch it with a 10 foot pole. Price ranging, small candles and big wicks. With all EMAs are bunched up like this and price caught in the middle of it, I would stay away. {image}

safe thing for novice traders is to stay away trading the lower timeframes and wait till after the big news in about 2 hours..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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