Another simple system - Time-Frame 15 | Page 1302 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Multi time frame Simple MACD system 824 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Multiple Time Frame Trading: In a divergence, which frame dictates? 6 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Another simple system - Time-Frame 15
Exit Attachments

Another simple system - Time-Frame 15

  • #26,021
  • Nov 9, 2015 7:19am Nov 9, 2015 7:19am
Quoting pips29
Looking to short this...weekly and daily closed bearish and below the 10 ema..the 4 hour chart shown here shows LH and LL (downtrend)...as I am not familiar with trading the Asian session I reckon I will wait till Europe awake...anyone care to share some thoughts...much appreciated {image}
Hello pips29, Im also short on this pair my first TP was hit at .6500 last week and then it hit my SL today. I reenter when i seen those candle on the 15m chart. I do believe PA will break .6500 or test it soon. Also there is the FED rate hike risk lingering on the dollar, we might see some volatility in the market. Trade well and trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: November 9 2015.PNG Size: 71 KB
  • #26,022
  • Nov 9, 2015 8:11am Nov 9, 2015 8:11am
Quoting Meihk
{quote} Hello pips29, Im also short on this pair my first TP was hit at .6500 last week and then it hit my SL today. I reenter when i seen those candle on the 15m chart. I do believe PA will break .6500 or test it soon. Also there is the FED rate hike risk lingering on the dollar, we might see some volatility in the market. Trade well and trade safe. {image}
just don't pay too much attention to this rate hike thingy...trade the charts, if I see a downtrend, I will short and vice versa...
the cautious seldom err....C
  • #26,023
  • Nov 9, 2015 2:19pm Nov 9, 2015 2:19pm
I read this thread regularly, in fact I've been following it for a long time, right back to not long after LE1 started it, but don't contribute as much as I should. Whilst I don't want to put people off posting I have noticed a shift lately towards discussing other TF's other than the 15Min, in the thread title.

I am therefore putting up my 15M trades from today. You will see I have taken these pretty much in line with the basic early rules of the thread

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 50 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 52 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 53 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 52 KB


4 winners, sticking to the 15pip TP and moving SL to BE at +10pips

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 52 KB


...and one loser

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM15.png Size: 52 KB


...and one I missed.

I've played around with lots of different TF's and strats over the last year or two and every time I back test the original rules, I never cease to be impressed how good the basic system is.
Getting there, slowly but surely...
  • #26,024
  • Nov 9, 2015 8:59pm Nov 9, 2015 8:59pm
Today happens to be the festival of lights celebration for Tamil Indians and I wish everyone of you a "happy Deepavali"..god bless
the cautious seldom err....C
  • #26,025
  • Nov 9, 2015 9:17pm Nov 9, 2015 9:17pm
Quoting pips29
Today happens to be the festival of lights celebration for Tamil Indians and I wish everyone of you a "happy Deepavali"..god bless
Thanks pips29. I have forgotten this day.

Wishing Arjun and his family, and all Hindu friends here a Blessed & Happy Diwali.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #26,026
  • Nov 9, 2015 10:42pm Nov 9, 2015 10:42pm
perhaps not the time to trade but I took this trade anyway..entered when price was below the dol and 10 ema. r:r just about 1:1.2
Attached Image (click to enlarge)
Click to Enlarge Name: ey.png Size: 50 KB
the cautious seldom err....C
  • #26,027
  • Nov 10, 2015 1:35am Nov 10, 2015 1:35am
come on baby
  • #26,028
  • Nov 10, 2015 2:03am Nov 10, 2015 2:03am
GU short, wouldn't normally take the last FO candle, preferring to wait for a post LO signal

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 58 KB
Getting there, slowly but surely...
  • #26,029
  • Nov 10, 2015 2:31am Nov 10, 2015 2:31am
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 56 KB


NU Short

Out at BE on GU, seemed to be finding support at 5.090 so pulled SL in and was taken out.
Getting there, slowly but surely...
  • #26,030
  • Nov 10, 2015 3:06am Nov 10, 2015 3:06am
might have bought the high here..anyway, stop of 13 pips in place and just have to wait
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDmicroM15.png Size: 52 KB
the cautious seldom err....C
  • #26,031
  • Nov 10, 2015 3:35am Nov 10, 2015 3:35am
Quoting pips29
perhaps not the time to trade but I took this trade anyway..entered when price was below the dol and 10 ema. r:r just about 1:1.2 {image}
added when price missed my stop by just over a pip on the retracement from the top and has taken profit.Initial entry is at b/e + EDit: decided to take profit just to start the trading day on a good footing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ey.png Size: 51 KB
Click to Enlarge Name: EURJPYmicroM15.png Size: 49 KB
the cautious seldom err....C
  • #26,032
  • Nov 10, 2015 3:41am Nov 10, 2015 3:41am
Stopped out on NU for -9, (in fact the candle that closed me out ended up being a classic Arjun entry) but easy win on a EJ short, for +17​
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 40 KB

Hardly a great morning, but +8 is better than -8
Getting there, slowly but surely...
  • #26,033
  • Nov 10, 2015 3:44am Nov 10, 2015 3:44am
did the same with this account too
Attached Image (click to enlarge)
Click to Enlarge Name: ey.png Size: 60 KB
the cautious seldom err....C
  • #26,034
  • Nov 10, 2015 3:46am Nov 10, 2015 3:46am
Quoting Edlich
Stopped out on NU for -9, (in fact the candle that closed me out ended up being a classic Arjun entry) but easy win on a EJ short, for +17​ {image} {image} Hardly a great morning, but +8 is better than -8
yes it was and you could have gone long
the cautious seldom err....C
  • #26,035
  • Edited 4:13am Nov 10, 2015 4:02am | Edited 4:13am
Happy to see this great thread ROCKING again. Nice pipping gang. My 2 sniper shots on EU M5.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDcsfxM5.png Size: 45 KB
Trading can't be taught but it can be learned
  • #26,036
  • Nov 10, 2015 5:21am Nov 10, 2015 5:21am
Quoting pips29
might have bought the high here..anyway, stop of 13 pips in place and just have to wait {image}
was stopped out but after checking the hourly and seeing some wicky bottoms I decided to enter long again with a stop just below today's low. I will be going for my dinner soon and will not be able to monitor for an hour or so..hope price moves to catch up with cousin brother kiwi
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDmicroM15.png Size: 57 KB
the cautious seldom err....C
  • #26,037
  • Nov 10, 2015 5:58am Nov 10, 2015 5:58am
Pips​
Normally the sort of thing I miss, but looking at your AU trade, it looks as though there's some divergence working against, you?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 54 KB

Also looking at higher TF's, price is currently constrained below the 10EMA in H4, in fact if the current candle closes where it is, it makes a compelling case to look for shorts.
Getting there, slowly but surely...
  • #26,038
  • Nov 10, 2015 7:36am Nov 10, 2015 7:36am
Just shorted the aussie, M15 not the strongest signal, but decent PA in H1.
​
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 57 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 46 KB

So with pips29 long, it looks like at least one of us is sure for a win today
Getting there, slowly but surely...
  • #26,039
  • Nov 10, 2015 8:20am Nov 10, 2015 8:20am
Quoting Edlich
Pips​ Normally the sort of thing I miss, but looking at your AU trade, it looks as though there's some divergence working against, you? {image} Also looking at higher TF's, price is currently constrained below the 10EMA in H4, in fact if the current candle closes where it is, it makes a compelling case to look for shorts.
yes, you are right...it was a C/T trade and was stopped out for the second time today. I just got back from dinner..will take a shower and hopefully back to winning ways
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDmicroM15.png Size: 50 KB
the cautious seldom err....C
  • #26,040
  • Nov 10, 2015 8:51am Nov 10, 2015 8:51am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 49 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 39 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 50 KB
These 3 make +32 so +40 for the day, not dazzling, but I'd take it as an average if I could
GU turned out to be an over cautious 10 pip trail, and is now looking like it would have added more than +2 if I'd left it alone.
Getting there, slowly but surely...
37 traders viewing now