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Another simple system - Time-Frame 15

  • #26,621
  • Jan 22, 2016 3:25am Jan 22, 2016 3:25am
Quoting pips29
{quote} yup ,you are absolutely correct..anyway, here's one trade (pending buy) on g/y if price pushes upwards and break what looks like a double top....at least for now? I am bullish cad and pound today {image}
I am not sure if GJ will push further upwards. If you look to the left there is resistance from PPA. GJ reached it's ADR already maybe it will fall down when it hits this resistance...?
  • #26,622
  • Jan 22, 2016 3:30am Jan 22, 2016 3:30am
Quoting pips29
{quote} yup ,you are absolutely correct..anyway, here's one trade (pending buy) on g/y if price pushes upwards and break what looks like a double top....at least for now? I am bullish cad and pound today {image}
Do you use a script to place your pending orders? I am looking for a script that places a pending order where you can fill in your SL (amount of pips) and that automatically calculates the lots with a risk percentage.
  • #26,623
  • Jan 22, 2016 3:38am Jan 22, 2016 3:38am
Quoting Pipsalon
{quote} I am not sure if GJ will push further upwards. If you look to the left there is resistance from PPA. GJ reached it's ADR already maybe it will fall down when it hits this resistance...?
What you say is true..That is why I set a pending order which is 9-10 pips above my adr line..If there is momentum then the dragon will be looking bullish...PPA ,S/R are important but they are all in the past..From my experience I know of many who died standing trying to defend S/R...the very recent case of U/cad caught many by surprise and blew a lot of accounts when traders were defending resistence areas from 1.34...it hit over 1.46 and I am certain many are licking their wounds
the cautious seldom err....C
  • #26,624
  • Jan 22, 2016 3:50am Jan 22, 2016 3:50am
Quoting Pipsalon
{quote} I am not sure if GJ will push further upwards. If you look to the left there is resistance from PPA. GJ reached it's ADR already maybe it will fall down when it hits this resistance...?
here is the 4 hour chart and there were buying interest around there and so I am taking a chance that should price reaches there, buying interest starts again..If it doesn't reach there I won't be in the trade and I wouldn't like to be in long when there are lack of buyers,so it's all good..just my ideas....bbl dinner time
Attached Image (click to enlarge)
Click to Enlarge Name: gyh4.png Size: 69 KB
the cautious seldom err....C
  • #26,625
  • Jan 22, 2016 4:23am Jan 22, 2016 4:23am
SL hit on EJ...
Attached Image (click to enlarge)
Click to Enlarge Name: EJ22-1.PNG Size: 68 KB
  • #26,626
  • Jan 22, 2016 4:25am Jan 22, 2016 4:25am
target hit on 2nd entry which was a 10 ema trade..G/y got triggered
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 69 KB
the cautious seldom err....C
  • #26,627
  • Jan 22, 2016 4:29am Jan 22, 2016 4:29am
H1 chart of g/y....let's see
Attached Image (click to enlarge)
Click to Enlarge Name: gyh1.png Size: 74 KB
the cautious seldom err....C
  • #26,628
  • Jan 22, 2016 4:32am Jan 22, 2016 4:32am
I doubted to short EU on the red arrow. But price was still above 15m 10ema. I choose to buy EJ.
Wrong decission...
At the moment setups I doubt about work out and setups I jump in fail...
Attached Image (click to enlarge)
Click to Enlarge Name: EU22-1.PNG Size: 72 KB
  • #26,629
  • Jan 22, 2016 4:34am Jan 22, 2016 4:34am
Quoting pips29
H1 chart of g/y....let's see {image}
Good luck
It looks like there is momentum
  • #26,630
  • Jan 22, 2016 4:37am Jan 22, 2016 4:37am
Quoting Pipsalon
SL hit on EJ... {image}
yesterday you told me about bounce trades off the 15 min 200 ema or the H4 10 ema...why don't you look for these trades...I have mentioned they are good probability trades..take a look pipsalon
the cautious seldom err....C
  • #26,631
  • Jan 22, 2016 4:39am Jan 22, 2016 4:39am
where are you ninja? we miss you here
the cautious seldom err....C
  • #26,632
  • Jan 22, 2016 4:40am Jan 22, 2016 4:40am
Took this trade earlier today on 30 min TF thanks to some new knowledge gained from this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-01-22 at 11.37.55 pm.png Size: 51 KB
Your trade order needs to be in the right place at the right time.
  • #26,633
  • Jan 22, 2016 4:42am Jan 22, 2016 4:42am
Quoting Islandfx911
Took this trade earlier today on 30 min TF thanks to some new knowledge gained from this thread. {image}
wow, perfect entry but exit.....
the cautious seldom err....C
  • #26,634
  • Jan 22, 2016 4:43am Jan 22, 2016 4:43am
Quoting pips29
where are you ninja? we miss you here
Yes...really miss his posts
  • #26,635
  • Jan 22, 2016 4:43am Jan 22, 2016 4:43am
Quoting pips29
where are you ninja? we miss you here

Still in holidays...

By the way, congratulations on your Red Flag.

Take care
  • #26,636
  • Jan 22, 2016 4:44am Jan 22, 2016 4:44am
Quoting pips29
{quote} yesterday you told me about bounce trades off the 15 min 200 ema or the H4 10 ema...why don't you look for these trades...I have mentioned they are good probability trades..take a look pipsalon
Yes it looks like bounces from 4hr 10 ema and 15m 200ema work better on the 15 min timeframe.
  • #26,637
  • Jan 22, 2016 4:45am Jan 22, 2016 4:45am
I am so happy to say I have made back almost double what I lost yesterday. E/cad, u/cad, g/u and hopefully g/y are winners
the cautious seldom err....C
  • #26,638
  • Jan 22, 2016 4:47am Jan 22, 2016 4:47am
Quoting pips29
I am so happy to say I have made back almost double what I lost yesterday. E/cad, u/cad, g/u and hopefully g/y are winners
  • #26,639
  • Jan 22, 2016 4:50am Jan 22, 2016 4:50am
Quoting pips29
{quote} wow, perfect entry but exit.....
Happy with a 50, still working on targets.
Any tips?
Your trade order needs to be in the right place at the right time.
  • #26,640
  • Jan 22, 2016 4:52am Jan 22, 2016 4:52am
Quoting Islandfx911
{quote} Happy with a 50, still working on targets. Any tips?
the 200 ema is a good start
the cautious seldom err....C
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