Another simple system - Time-Frame 15 | Page 1360 | Forex Factory

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Another simple system - Time-Frame 15

  • #27,181
  • Mar 24, 2016 2:00am Mar 24, 2016 2:00am
Quoting mazingaz
this one failed {image}
If you don't mind me saying, I can't find much wrong with this trade except that if you have the oil chart overlay on it you might just find a reason..anyway,we sustain losses here and there even though entries are good .I must say you did a good job in cutting your loss quick
the cautious seldom err....C
  • #27,182
  • Mar 24, 2016 2:47am Mar 24, 2016 2:47am
gone long at candle close... let's see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD m15 (03-24-2016 1545).png Size: 57 KB
the cautious seldom err....C
  • #27,183
  • Mar 24, 2016 3:11am Mar 24, 2016 3:11am
Quoting pips29
gone long e/a and e/y about 2 hours ago. Both are in the green as of now and I have taken 40% off e/a {image}
stopped out e/y and e/a
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY m15 (03-24-2016 1611).png Size: 64 KB
Click to Enlarge Name: EURAUD m15 (03-24-2016 1613).png Size: 50 KB
the cautious seldom err....C
  • #27,184
  • Mar 24, 2016 5:08am Mar 24, 2016 5:08am
gone short oil on the hour time frame looking at slightly bigger targets and stop too..I normally trade oil on the 5 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: USOil H1 (03-24-2016 1804).png Size: 55 KB
the cautious seldom err....C
  • #27,185
  • Mar 24, 2016 5:39am Mar 24, 2016 5:39am
Quoting pips29
{quote} If you don't mind me saying, I can't find much wrong with this trade except that if you have the oil chart overlay on it you might just find a reason..anyway,we sustain losses here and there even though entries are good .I must say you did a good job in cutting your loss quick
thanks for your comments and for all your posts, learning a lot from them!
  • #27,186
  • Mar 24, 2016 5:44am Mar 24, 2016 5:44am
I added another entry when UK retail sales came out better than expected..Price came down and there's where I re-entered, got lucky and now out with that position completely..Stop is moved to b/e+ on earlier entry
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD m15 (03-24-2016 1839).png Size: 53 KB
the cautious seldom err....C
  • #27,187
  • Mar 24, 2016 5:57am Mar 24, 2016 5:57am
taken big chunk off and setting my target slightly higher...not going to be greedy as I have a short on oil as well
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD m15 (03-24-2016 1853).png Size: 58 KB
the cautious seldom err....C
  • #27,188
  • Mar 24, 2016 6:02am Mar 24, 2016 6:02am
Quoting mazingaz
{quote} thanks for your comments and for all your posts, learning a lot from them!
you are most welcome..the ninja will be here over the weekend..a sharpshooter on the 5 min, the very best on this thread and he calls himself an "apprentice", ha,ha
the cautious seldom err....C
  • #27,189
  • Mar 24, 2016 6:21am Mar 24, 2016 6:21am
target hit..5 min chart below. I also have a long on u/cad looking for 1.3400...I will take profit along the way to target or eat a stop...as you are all aware the relationship of u/cad and oil...taking a break bbl
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD m5 (03-24-2016 1915).png Size: 58 KB
the cautious seldom err....C
  • #27,190
  • Mar 24, 2016 9:26am Mar 24, 2016 9:26am
I couldn't resist and so I took 30% off
Attached Image (click to enlarge)
Click to Enlarge Name: USOil H1 (03-24-2016 2223).png Size: 57 KB
the cautious seldom err....C
  • #27,191
  • Mar 24, 2016 9:29am Mar 24, 2016 9:29am
decided to take 10% off u/cad
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD m15 (03-24-2016 2228).png Size: 51 KB
the cautious seldom err....C
  • #27,192
  • Mar 24, 2016 9:45am Mar 24, 2016 9:45am
Quoting pips29
{quote} I am also bullish pound and there are certain levels to watch on the chart concerning G/a. I have 2 lines drawn across the chart and I will be watching these levels....like you say in your post that a bounce might happen at the 200 ema, so get prepared and draw a line where the 200 ema is and go down to the lower time frame to nail this thing but be mindful the unexpected can also happen, what I am trying to say is be nimble and flexible...just don't try defending a level and having to prove you are right..the market doesn't give a hoot...
pipsalon, if you are looking, do you remember asking me about g/a and I told you the levels to watch..price broke the 1st one (support) and now acting as resistence..I am posting the 4 hour chart to show what a struggle so far
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD H4 (03-24-2016 2245).png Size: 54 KB
the cautious seldom err....C
  • #27,193
  • Mar 24, 2016 10:50am Mar 24, 2016 10:50am
Quoting pips29
{quote} you are most welcome..the ninja will be here over the weekend..a sharpshooter on the 5 min, the very best on this thread and he calls himself an "apprentice", ha,ha
Thanks mate, you are too kind. Your trading is very inspiring
Trading can't be taught but it can be learned
  • #27,194
  • Edited 12:29pm Mar 24, 2016 11:09am | Edited 12:29pm
I have been dealing with a very close family member with major health issues and that is why my participation in this thread/forum has decreased drastically. He started his cancer treatment last week and I am very involved in this process. Your prayers and positive vibes is greatly appreciated. I only traded 2 days last week and there are days that I am not even in the mood to look at charts but will continue to trade when I can.

As I am unsure how much I am going to be able to participate in this thread in the near future and I have already made a deal with mazingaz regarding the advanced setups and he held up his part of the deal so I am not going to wait until the end of this month and am going to do it now.

Taken from LE1, post #376 " Forex will take 2-3 years if you are very hard working I mean spending 15-16 hours a days looking at charts for 3 years. After that you will master everything and it will become a cake walk for u..u wont spend more than 15min in a day to analyse the charts."
Trading can't be taught but it can be learned
  • #27,195
  • Edited 3:21pm Mar 24, 2016 11:18am | Edited 3:21pm
WARNING: It is vital that you at least reach a 60% or above win rate trading the basic setup before you trade the advanced setups. Mastering the basic setup is the foundation to this trading method then you can build upon that foundation by adding the advanced setups. Without the foundation a building won't stand. In order to avoid confusion I consider any setup besides the basic setup an advanced setup.

Types of advanced setups:

1.) Counter trend with divergence
2.) 4HR Bounce from 10 and 200EMA
3.) Trading in between the lines/zones
4.) ADR setup
Trading can't be taught but it can be learned
  • #27,196
  • Edited Mar 25, 2016 10:12am Mar 24, 2016 11:48am | Edited Mar 25, 2016 10:12am
Counter Trend (CT) setup with divergence setup:

Please read post #995 by LE1 for the general rules for taking CT trades but in order to increase the odds I like to see divergence (regular/hidden) in the actual M15 TF or better yet divergence in the next higher time frame (HTF) M30 plus or presence of EMAs, candle patterns,round number (RN), support/ resistance (S/R), trend line (TL) break for confluence. The more supporting factors we have in favor of our trade the better chance our trade has of being a winner. Without confluence this type of setup is 50-50 at best.

My today's EURAUD trade: Saw divergence forming in M30. Price going up and TDI going down. I Moved to M15 and waited for price to go below RN, 10EMA and TL break then went short. You can also take divergence setup trades based solely on M15 charts as well but the confirmation from M30 is an added bonus but not necessary.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDcsfxM30 3.png Size: 44 KB
Attached Image
Trading can't be taught but it can be learned
  • #27,197
  • Edited 12:30pm Mar 24, 2016 11:53am | Edited 12:30pm
4HR Bounce form 10EMA and 200EMA setup:

Here you may use the daily chart as well. You look for price to get near 10EMA or 200EMA on HTF and then move down to M15 and trade the bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: H4 10EMA Bounce.png Size: 27 KB
Attached Image
Trading can't be taught but it can be learned
  • #27,198
  • Edited 3:21pm Mar 24, 2016 12:00pm | Edited 3:21pm
Trading in between the lines/zones:

You trade Bounces from RNs, EMAs, S/R levels and HTF 10EMAs. The more supporting reason(s) the better chance of a winning trade. Only one trade from each zone/line at first. I mostly use this type of setup in my M5 trading for quick pips and I have posted many trades in this thread trading this type of setup.

EU trades from today. Upper yellow zone (4HR and Day 10EMA) and lower yellow zone is the RN.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDcsfxM15 between lines trade.png Size: 51 KB
Click to Enlarge Name: 2016-03-24_5-45-34 Bounce Between Lines.png Size: 52 KB
Trading can't be taught but it can be learned
  • #27,199
  • Mar 24, 2016 12:01pm Mar 24, 2016 12:01pm
Quoting Pipsninja
Counter Trend (CT) setup with divergence setup: Read post #995 by LE1 for the rules but in order to increase the odds I like to see divergence (regular/hidden) in higher time frame (HTF) plus or presence of EMAs, round number (RN), support/ resistance (S/R) for confluence. The more supporting factors we have in favor of our trade the better chance our trade has of being a winner. Without confluence these type of trades are 50-50 at best. My today's EURAUD trade: Saw divergence forming in M30. Price going up and TDI going down. I Moved to M15 and...
Hi Pipsninja
I enjoy reading your posts hence I subscribed to you.I have a question about divergence.Genuinely like to know.
You see DIV on 30min but No DIV on H1 H4 D
Which DIV you say ok this is legit.Knowing how oscillators calculate most times lower timeframe DIV are no Div at all on higher TF
What is your criteria?
Example AU Div on 30min but no div on H1 H4 or daily but it did bounce on 30min so that worked.I know LK does lot of Div trading.
regards
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30div.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #27,200
  • Edited 1:12pm Mar 24, 2016 12:04pm | Edited 1:12pm
ADR Setup:

You take a bounce trade from average daily range (ADR) line. I don't take this type of trade often since most of my trading is usually finished before price reaches ADR and also these types of trades often require you to have a bigger stoploss (SL) than take profit (TP).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-03-24_5-28-54 ADR.png Size: 49 KB
Click to Enlarge Name: 2016-03-24_5-31-29 ADR2.png Size: 55 KB
Trading can't be taught but it can be learned
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