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Another simple system - Time-Frame 15

  • #27,201
  • Edited 3:23pm Mar 24, 2016 12:07pm | Edited 3:23pm
Quoting Davit
{quote} 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 {image}
Thanks mate, I have learned a ton form your posts. The next higher up TF divergence is good enough for me but also an actual divergence on the TF you are trading is good too but the next higher TF divergence is a stronger signal
Trading can't be taught but it can be learned
  • #27,202
  • Mar 24, 2016 12:13pm Mar 24, 2016 12:13pm
Samples of LE1's divergence charts:
Attached Images
Trading can't be taught but it can be learned
  • #27,203
  • Edited 1:17pm Mar 24, 2016 12:25pm | Edited 1:17pm
DISCLAIMER: These advanced setups combined have a win rate of well below 50% alone but you add discretion, confluence, good trade management plus a ton of practice and then you can earn extra pips but you will lose more trades taking these advanced setups compared to the basic setup.

For reasons I explained earlier, it is time for me to attend to family matters. I may continue updating my trading results. I wish you success in your trading journey. God bless you
Trading can't be taught but it can be learned
  • #27,204
  • Mar 24, 2016 12:31pm Mar 24, 2016 12:31pm
Quoting Pipsninja
Samples of LE1's divergence charts: {image} {image}
Thanks for your explanation P

Check out UC 30min Div working nicely now
Check out AC PA has been in tight range for months.I hit that over 50times already last few months.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #27,205
  • Mar 24, 2016 1:46pm Mar 24, 2016 1:46pm
Quoting Pipsninja
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...
Hi Pipsninja,

All the best and speed recovery to your family member, is sad to say that is an issue that has been touching a lots of people lately that i know off.
Almost every week unfortunately you hear of another case.

Wishing you and your family all the best.

Take care
  • #27,206
  • Mar 24, 2016 1:56pm Mar 24, 2016 1:56pm
Quoting Pipsninja
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.
Really very sorry to hear that Pipsninja, every good thought being sent your way.
  • #27,207
  • Mar 24, 2016 2:18pm Mar 24, 2016 2:18pm
Quoting Helee
{quote} Hi Pipsninja, All the best and speed recovery to your family member, is sad to say that is an issue that has been touching a lots of people lately that i know off. Almost every week unfortunately you hear of another case. Wishing you and your family all the best. Take care
Thanks you Helee.

Quoting lastingwell
{quote}Really very sorry to hear that Pipsninja, every good thought being sent your way.
Thank you very much lastingwell.
Trading can't be taught but it can be learned
  • #27,208
  • Mar 24, 2016 10:45pm Mar 24, 2016 10:45pm
Quoting Pipsninja
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...
I am sorry to hear that and my prayers are with you.I know what it's like as my father-in-law who turns 80 last year was diagnosed with cancer two months ago and now undergoing treatment. I doubt I will be trading today as I have other things to do on good friday..Just about 30 minutes I receive my documents sent from the UK and I am beginning to feel I will have a happy easter. God bless everyone...off to church now
the cautious seldom err....C
  • #27,209
  • Mar 25, 2016 2:56am Mar 25, 2016 2:56am
Quoting Pipsninja
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...
Wish your relative to get well soon and you to have peaceful and happy mind set soon!
take care mate!
life gives us hard time and easy time for us to see our man kind!!!
God bless you you all mate!
  • #27,210
  • Mar 25, 2016 6:30am Mar 25, 2016 6:30am
Quoting Pipsninja
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, 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...
Thanks for taking the time to reply to my questions, really appreciate it. Sorry to hear about your relative, wish him/her a speedy recovery, my thought and prayers are with you!

CT trade with divergence, I think I get it... best to look for areas of confluence and divergence from higher time frames as well. I actually took this one on USDCAD yesterday, worked out ok, divergence was also on 30m TF and BRN just above. Would you still take it if TDI cross happened above yellow MBL? Target was previous swing low, nearly got it.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD2403.png Size: 53 KB
  • #27,211
  • Mar 25, 2016 6:54am Mar 25, 2016 6:54am
Quoting Pipsninja
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. {image} {image}
Not sure I get this one... is it really this simple or we need other confirmations as well? Confluence, Fibs, BRN? do we need to see some slope on the EMA's? We wait for TDI cross or we just enter when price touch EMA?
  • #27,212
  • Mar 25, 2016 8:23am Mar 25, 2016 8:23am
Quoting pips29
{quote} I am sorry to hear that and my prayers are with you.I know what it's like as my father-in-law who turns 80 last year was diagnosed with cancer two months ago and now undergoing treatment. I doubt I will be trading today as I have other things to do on good friday..Just about 30 minutes I receive my documents sent from the UK and I am beginning to feel I will have a happy easter. God bless everyone...off to church now
Thanks mate, wishing your father-in-law a full recovery. Happy Easter and God bless you and your family.

Quoting imdisaait
{quote} Wish your relative to get well soon and you to have peaceful and happy mind set soon! take care mate! life gives us hard time and easy time for us to see our man kind!!! God bless you you all mate!
Thank you imdisaait. God bless you too.
Trading can't be taught but it can be learned
  • #27,213
  • Edited 10:16am Mar 25, 2016 8:30am | Edited 10:16am
Quoting mazingaz
{quote} Thanks for taking the time to reply to my questions, really appreciate it. Sorry to hear about your relative, wish him/her a speedy recovery, my thought and prayers are with you! CT trade with divergence, I think I get it... best to look for areas of confluence and divergence from higher time frames as well. I actually took this one on USDCAD yesterday, worked out ok, divergence was also on 30m TF and BRN just above. Would you still take it if TDI cross happened above yellow MBL? Target was previous swing low, nearly got it. {image}
You are welcome mazingaz and thank you. Nice trade. Divergence plus confluence is good enough and you may ignore the TDI cross below yellow line rule for a short and TDI cross above yellow for a long when you have divergence on M15.
Trading can't be taught but it can be learned
  • #27,214
  • Edited Mar 26, 2016 1:36am Mar 25, 2016 8:38am | Edited Mar 26, 2016 1:36am
CLARIFICATION: LE1's original CT trade rule are on post #995.

Basically in M15 when price is below both 10EMA and 200 EMA and the distance to 200EMA in pips is over 50 pips then we can take a trade towards instead of away from the 200EMA and here we take a trade based on price above 10EMA and TDI cross at/near or above the yellow line and we do the opposite for a short trade. I do take these type of CT setups at times but presence of divergence is a major bonus/plus for me.

Below is an example of the original CT trade without divergence posted by Imi. He was a master CT and in between the lines trader.
Attached Image
Trading can't be taught but it can be learned
  • #27,215
  • Edited Mar 26, 2016 12:32am Mar 25, 2016 8:51am | Edited Mar 26, 2016 12:32am
Quoting mazingaz
{quote} Not sure I get this one... is it really this simple or we need other confirmations as well? Confluence, Fibs, BRN? do we need to see some slope on the EMA's? We wait for TDI cross or we just enter when price touch EMA?
It may look simple but it is definitely not easy. Please re-read my WARNING and DISCLAIMER posts. You need to put the odds in your favor for your trade to make +pips so presence of confluence is necessary. I don't use Fibs but you can use Fibs. Also keep in mind that candle patterns can also be used for confluence.

First chart is GBPNZD H4, in hindsight look at all those recent lovely BOUNCES from 200EMA. Now look at the last approach of price towards the 200EMA on the far right and there is RN there too (confluence). Price is approaching the 200EMA so we drop down to M15 and look to go short and we spot divergence thus giving your trade a little extra edge.

Second chart is M15 and we got divergence so a short trade seems like a good choice.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDcsfxH4 H4.png Size: 58 KB
Click to Enlarge Name: M15.png Size: 48 KB
Trading can't be taught but it can be learned
  • #27,216
  • Edited Mar 26, 2016 1:34am Mar 25, 2016 8:58am | Edited Mar 26, 2016 1:34am
Some advanced traders take automatic BOUNCE trades on H4 as soon price reaches H4 200EMA and use a large SL in order for their trade to survive. Dropping down to M15 charts helps me filter out some of the false signals and also allows me to use a smaller SL.

Below is AUDUSD H4 chart, look at all the failed 200EMA BOUNCES!

I am averaging about 65% win rate trading advanced setups after many years of live trading. I have a 75% win rate trading the basic setup. My equity curve updates posted on this thread is an average win rate of 70%. Made a correction to the percentages here after checking my most current trade stats.

Time to attend to other matters, wishing you all a nice weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: H4-2.png Size: 57 KB
Trading can't be taught but it can be learned
  • #27,217
  • Mar 25, 2016 1:48pm Mar 25, 2016 1:48pm
Quoting pips29
{quote} 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 {image}
Yes I remember. GA is at weekly 200ema now. There was a small bounce last week at 4hr chart. No clear sign for bulls yet. I don't know what the direction will be
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GA weekly 25-3.PNG Size: 65 KB
Click to Enlarge Name: GA 25-3 4h.PNG Size: 74 KB
  • #27,218
  • Mar 25, 2016 1:50pm Mar 25, 2016 1:50pm
Very happy to see charts from pipsninja again
Will study them tomorrow.
  • #27,219
  • Mar 26, 2016 12:35am Mar 26, 2016 12:35am
Examples of ADR setup trades by Imi. Please keep in mind that I am not claiming that this type of setup works 100% of the time.
Attached Images
Trading can't be taught but it can be learned
  • #27,220
  • Mar 26, 2016 12:39am Mar 26, 2016 12:39am
Example of 200EMA Bounce trade on a Daily chart by Imi. As I have mentioned this type of setup can be taken on H4 and Daily charts. You can see that he took quick pips and that is because he dropped down to M15 and traded this setup.
Attached Image
Trading can't be taught but it can be learned
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