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Another simple system - Time-Frame 15

  • #26,301
  • Dec 9, 2015 8:06am Dec 9, 2015 8:06am
GJ M15 short trade based on divergence, wacky price spike
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Trading can't be taught but it can be learned
  • #26,302
  • Edited 11:43am Dec 9, 2015 8:09am | Edited 11:43am
UC M15 long trade, can't win them all
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Trading can't be taught but it can be learned
  • #26,303
  • Dec 9, 2015 8:32am Dec 9, 2015 8:32am
Quoting Pipsninja
GJ M15 short trade based on divergence, wacky price spike {image}

Thx for the info, back on the other post.
ECad is also on Div, but i dont feel confident to pull the trigger as is alredy gone +30 pips for the SL... a bit too wide.

Can you please post and mention those A+++ trades of yours? if you take them!. Thx in advance.

Take care
  • #26,304
  • Dec 9, 2015 9:00am Dec 9, 2015 9:00am
Quoting Pipsninja
GJ M15 short trade based on divergence, wacky price spike {image}
Awesome trade man I learn a lot from your examples.
I see you are from the US. Don't you sleep during LO?
  • #26,305
  • Edited 11:28am Dec 9, 2015 10:24am | Edited 11:28am
Quoting Helee
{quote} Thx for the info, back on the other post. ECad is also on Div, but i dont feel confident to pull the trigger as is alredy gone +30 pips for the SL... a bit too wide. Can you please post and mention those A+++ trades of yours? if you take them!. Thx in advance. Take care
You are welcome Helee. Divergence is one of those medium probability type trades, now if you can add other factors to support a counter trend trade then the odds tilt in your favor a little more. A+++ setups are those that have more than one supporting factors/reasons, the more the better such as a Bounce form RN+10 EMA+ 4HR 10 EMA (confluence).... with a good R:R. You have got to see these setups over and over again in live charts so you can build the confidence to take them.

There are times that I pass on a A+++ setup due to experience. Trading isn't black and white and by me putting on a list here won't make anyone become a better trader. Discretion in trading is a very important element in trading. Discovering things on your own and developing your own style/tweaks in trading is an integral part of becoming a successful trader. Happy Pipping
Trading can't be taught but it can be learned
  • #26,306
  • Dec 9, 2015 10:32am Dec 9, 2015 10:32am
Quoting Pipsalon
{quote} Awesome trade man I learn a lot from your examples. I see you are from the US. Don't you sleep during LO?
Thanks Pipsalon, I am glad somebody is benefiting from my posts. I don't know that if some are noticing that the majority of my trades are starting to look the same meaning certain setups are repeating over and over again.

I am a night owl anyway but for the past few months on a trail basis I have moved away form the US to a more trading friendly time zone. Would this be a permanent move? I don't know yet.

One can make money from only trading the US session but I love early Europe trading session.
Trading can't be taught but it can be learned
  • #26,307
  • Dec 9, 2015 11:41am Dec 9, 2015 11:41am
UJ M15 short trade, yellow zone+RN+WEEK 10 EMA (confluence). Last trade for today
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Trading can't be taught but it can be learned
  • #26,308
  • Dec 9, 2015 12:02pm Dec 9, 2015 12:02pm
Anyone know how, or if it's possible, to shift or extend the blue EMA lines to the left across the chart? Thanks.
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Follow the money --Mark Felt (Deepthroat)
  • #26,309
  • Dec 9, 2015 12:15pm Dec 9, 2015 12:15pm
Quoting longfellow
Anyone know how, or if it's possible, to shift or extend the blue EMA lines to the left across the chart? Thanks. {image}
Hi,

That don't help you and wont work...

That is the point of those EMA´s are at that point, not a fixed horizontal line

What will help you is to put those EMA´s on your chart and get away with that indi.

My 2 cents

take care
  • #26,310
  • Dec 9, 2015 12:22pm Dec 9, 2015 12:22pm
Quoting Pipsninja
{quote} You are welcome Helee. Divergence is one of those medium probability type trades, now if you can add other factors to support a counter trend trade then the odds tilt in your favor a little more. A+++ setups are those that have more than one supporting factors/reasons, the more the better such as a Bounce form RN+10 EMA+ 4HR 10 EMA (confluence).... with a good R:R. You have got to see these setups over and over again in live charts so you can build the confidence to take them. There are times that I pass on a A+++ setup due to experience....
Yes, thank you

That is what I have been doing over these last years..

find out the type of trader I am, and what TF´s will suit me the best...

I found that on M5 I have bigger % of positive trades... just have to control my impulsivity and mistakes that ruin everything over and over...

But I think I managed to finalize the system and now trying to discover those little secrets everyday one pops out.

thank you

Take care
  • #26,311
  • Dec 9, 2015 1:15pm Dec 9, 2015 1:15pm
Quoting Helee
{quote} Hi, That don't help you and wont work... That is the point of those EMAs are at that point, not a fixed horizontal line What will help you is to put those EMAs on your chart and get away with that indi. My 2 cents take care
I realize that the lines move after, and during each candle and are not fixed. I know they can represent a support/resistance bounce point. I'd just rather not have the whole ribbon of multiple ema's running over my chart and do like what appears to be a small 15 bar horizontal line. If only it was shifted, because I keep 4 to 5 open charts, overlapped on my screen, sometimes they are hard to see way off to the right. Thanks for the 2 cents.
Follow the money --Mark Felt (Deepthroat)
  • #26,312
  • Dec 9, 2015 1:37pm Dec 9, 2015 1:37pm
Quoting longfellow
Anyone know how, or if it's possible, to shift or extend the blue EMA lines to the left across the chart? Thanks. {image}
I don't think that the current version supports the EMA lines extension to the left. I understand that you may need them to extend out visually just as a preference.

Helee is right, EMAs are dynamic and move along with the price. Here is a tip: It is best to see those lines as zones and not as absolute values and that is why I put the yellow shaded zones on them. Price won't always Bounce from them to the pip, there is a few pips buffer one each side
Trading can't be taught but it can be learned
  • #26,313
  • Edited Dec 10, 2015 12:31am Dec 9, 2015 1:44pm | Edited Dec 10, 2015 12:31am
Quoting Helee
{quote} Yes, thank you That is what I have been doing over these last years.. find out the type of trader I am, and what TFs will suit me the best... I found that on M5 I have bigger % of positive trades... just have to control my impulsivity and mistakes that ruin everything over and over... But I think I managed to finalize the system and now trying to discover those little secrets everyday one pops out. thank you Take care
Bravo Helee, you are on the right path. I have got to confess that at first I was a near break even trader on M15 and couldn't make the leap to the next level. Once M5 made sense to me and I started to trade it successfully then I started to trade M15 with ease. This may not be the case for everybody. Someone else may have a breakthrough trading M30, H1, 4H, Daily.... We are all different.
Trading can't be taught but it can be learned
  • #26,314
  • Edited 12:26am Dec 10, 2015 12:10am | Edited 12:26am
GJ M5 long trade. Green box, order consumption at an important level followed by a breakout.
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Trading can't be taught but it can be learned
  • #26,315
  • Dec 10, 2015 1:36am Dec 10, 2015 1:36am
We have tons of important RED NEWS coming up today so we may get some unusual price spikes. I am reducing my trading activity today and will observe the possible fireworks. I am going to stop trading in 30 minutes form now. Protect your money sometimes the best decision is to just sit on your hands.
Trading can't be taught but it can be learned
  • #26,316
  • Dec 10, 2015 7:13am Dec 10, 2015 7:13am
EU M5 short trade.
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Trading can't be taught but it can be learned
  • #26,317
  • Dec 10, 2015 7:15am Dec 10, 2015 7:15am
Quoting Pipsninja
EU M5 short trade. {image}
. How big is your SL on this kind of trades? I don't see a SL on your chart.
  • #26,318
  • Dec 10, 2015 7:23am Dec 10, 2015 7:23am
Quoting Pipsalon
{quote} . How big is your SL on this kind of trades? I don't see a SL on your chart.
10 pips SL, the little red line (SL) is there. It was moved to almost BE and is covered by the red entry arrow.
Trading can't be taught but it can be learned
  • #26,319
  • Dec 10, 2015 9:41am Dec 10, 2015 9:41am
Last trade for today, GJ M5 short trade.
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Trading can't be taught but it can be learned
  • #26,320
  • Edited 11:40am Dec 10, 2015 11:24am | Edited 11:40am
There are days that A+++ trade setups are plenty and other days they are harder to come by that is why we can't go in with the belief that I have got to make this many trades/pips per day. I was extra cautious today due to News. Discretion in trading is paramount.
Trading can't be taught but it can be learned
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