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stevepatt replied Nov 21, 2012Hi Adrian, I know how you feel I get completely lost sometimes when the discussion gets too technical for my small brain. As long as simple keeps working I'll keep using it. Like you've said keep following the traders that suit your style, the ...
Another simple system - Time-Frame 15
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stevepatt replied Nov 21, 2012Hi Vnfx, Check out X-Man's charts for entries from 10 EMA. The more slope there is on the 10 EMA the better, as you gain in experience the easier it gets to spot the candle patterns that work best Pin Bars-Inside Bars-Engulfing Bars etc. It's about ...
Another simple system - Time-Frame 15
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stevepatt replied Nov 21, 2012This might help anyone new to the thread, look at the EMAs on the 15m chart as representing the 10 EMAs on the higher TFs. When they all line up it's time to look for a trading opportunity, after the market breaks the 15m 10 EMA wait for the retrace ...
Another simple system - Time-Frame 15
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stevepatt replied Nov 20, 2012Hi Apophis, Take a look at the daily chart and look for what is stalling the market on the way up.
Another simple system - Time-Frame 15
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stevepatt replied Nov 19, 2012No, I don't get much time to trade at the moment too busy with the day job. I like to keep my eye on what's happening though I see you've been doing well.
Another simple system - Time-Frame 15
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stevepatt replied Nov 19, 2012Hi Aryary, Good analysis as usual, do you remember what Vantage was talking about over the weekend and the third move within London morning session quite often failing. Market needed the extra liquidity provided by New York open to push it higher..
Another simple system - Time-Frame 15
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stevepatt replied Nov 17, 2012Hi Vantage, I take your point about the 3rd entry/lower high in London morning session. I wasn't looking at the charts after 10am GMT, I might well have taken the first PB short but there was enough opportunities to get out of it for at worst BE. I ...
Another simple system - Time-Frame 15
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stevepatt replied Nov 17, 2012Hi Long Bow, I don't really do counter trend trades but looking at your entry I would say it was early. I'd be looking for a break and hold above the 10 ema before looking to go long. As you can see this would have been a lot less stressful, easy in ...
Another simple system - Time-Frame 15
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stevepatt replied Nov 17, 2012Hi Aryary, I like your thinking, you've explained better than I have but we're heading in the same direction LOL.
Another simple system - Time-Frame 15
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stevepatt replied Nov 17, 2012Hi Xhale, If you where just watching the 15m chart you might well have taken either of those first two PBs if however you where aware of what was happening on the hourly chart you would have been more cautious about entering short from them. This is ...
Another simple system - Time-Frame 15
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stevepatt replied Nov 16, 2012Hi Sleewc, I see you like to trade counter trend. This was a nice counter trend trade coming from 4h resistance. Did you catch the trades that where with the trend on EU today? Like I said in my earlier post to you I like to have the 15m, 1h, 4h and ...
Another simple system - Time-Frame 15
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stevepatt replied Nov 16, 2012Hi Sleewc, That's a risky counter trend trade lots of resistance above. You've exited at the 80 EMA and not the 800 ema. I don't know how much of the thread you have read but it's important to study and practice your eyes. Look at the 15m, 1h, 4h ...
Another simple system - Time-Frame 15
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stevepatt replied Nov 15, 2012Take care if your thinking about shorting GU.
Another simple system - Time-Frame 15
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stevepatt replied Nov 14, 2012I took the same trade, way it goes sometimes, got in again after the second 15m PB. Haven't been trading much recently because of family issues but might be able to contribute a bit more know.
Another simple system - Time-Frame 15
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stevepatt replied Oct 29, 2012You can never be guaranteed to make 5 pips but if you enter at the optimum level you put the odds greatly in your favour to make 5 pips and so you will be risking NOTHING. You just need to know every time you enter a trade that you are at that ...
Another simple system - Time-Frame 15
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stevepatt replied Oct 29, 2012Hi Emmanuel, I love your reply.
Another simple system - Time-Frame 15
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stevepatt replied Oct 18, 2012Hi Gibril, Thanks for showing this it's always hard to know with any certainty at which level the market will bounce or just break straight through. In my earlier post url the daily chart was showing two daily wicks bouncing from the same level ...
Another simple system - Time-Frame 15
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stevepatt replied Oct 17, 2012Hi Gibril, I appreciate the reply I'll have to keep an eye on those daily wicks.
Another simple system - Time-Frame 15
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stevepatt replied Oct 17, 2012AU D1 and 15M Charts — Hi Gibril, I was waiting for what could have become daily resistance level to break before looking to go long. Can I ask what made you believe this level wasn't important? Cheers Steve
Another simple system - Time-Frame 15
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stevepatt replied Oct 12, 2012AU 15m Chart — I haven't been posting much for a day or two because I find it very hard to post and concentrate on trading. I also find it distracting trying to keep track of what every one is seeing. The most reliable PA setups I find are the ...
Another simple system - Time-Frame 15