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A very simple system - trade with arrow

  • #2,581
  • Sep 13, 2017 7:37am Sep 13, 2017 7:37am
don't know wtf is wrong with the one click button....it's taking an awful long time to close my trades..target reached +bonus
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the cautious seldom err....C
  • #2,582
  • Sep 13, 2017 7:41am Sep 13, 2017 7:41am
see the mess I made with this trade which was taken the day before after getting annoyed with u/y...taking profits in no man's land (blindly)..taking a break now and listen to some music to keep calm
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the cautious seldom err....C
  • #2,583
  • Edited 9:12am Sep 13, 2017 8:58am | Edited 9:12am
Quoting Scrambleguy
{quote} thanks, when you say your bias is long after looking at mbl on daily, mine looks to be still downward sloping? {image}
very strange man, mine is sloping up and had crossed the 32 level...better check your indicators, they may be the cause of your "wrong" trades EDit: just want to add that the tdi is showing a cross with +ve divergence...to be conservative and safer it's best to let price be above the 10 ema on the daily to trade long or to wait for the tdi to move above the 32 level. I prefer the former which will get you in a trade faster than the 32 crossing of the tdi
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the cautious seldom err....C
  • #2,584
  • Sep 13, 2017 9:21am Sep 13, 2017 9:21am
Please take note of this...with the 5 min tf, more emphasis is placed on H1 when taking entries. It helps when the 4 hour is in agreement too. It is not compulsory that the trend on the 4 hour must be adhered to ..I often trade the trend on the 1 hour and then add entries when the 4 hour starts to follow what already was happening on lower tf..
the cautious seldom err....C
  • #2,585
  • Sep 13, 2017 9:24am Sep 13, 2017 9:24am
Quoting pips29
{quote} very strange man, mine is sloping up and had crossed the 32 level...better check your indicators, they may be the cause of your "wrong" trades EDit: just want to add that the tdi is showing a cross with +ve divergence...to be conservative and safer it's best to let price be above the 10 ema on the daily to trade long or to wait for the tdi to move above the 32 level. I prefer the former which will get you in a trade faster than the 32 crossing of the tdi {image}
ok cheers pips im out feeding my coffee addiction when i get home i will check with another tdi i have. My broker is on uk summer time which prob explains the diff in your dol to mine but not the mbl.
is your adivice waiting for daily 10 just on this particular trade or in general?
  • #2,586
  • Sep 13, 2017 9:31am Sep 13, 2017 9:31am
price is now coming to an area where price spent a little time deciding what to do before dropping..if big boys want to play it up then this zone will not be an obstacle and will be overcome with a target higher up around the 1.24 playing field..let's see what the big sharks decide to do..I am thinking they will play it up..hl/hh printed on this tf too
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the cautious seldom err....C
  • #2,587
  • Sep 13, 2017 9:40am Sep 13, 2017 9:40am
Quoting pips29
got a decisive bullish close ..don't go shorting this blindly ..now waiting for the daily close {image}
Do you know what I mean by a decisive break...since no one ask I guess you know
the cautious seldom err....C
  • #2,588
  • Sep 13, 2017 9:45am Sep 13, 2017 9:45am
Quoting Scrambleguy
{quote} ok cheers pips im out feeding my coffee addiction when i get home i will check with another tdi i have. My broker is on uk summer time which prob explains the diff in your dol to mine but not the mbl. is your adivice waiting for daily 10 just on this particular trade or in general?
I am just saying it's safer when you trade away from the 10 ema but trading towards the 10 ema has also proven profitable to me...take a look at the 4 hour chart I posted..Focus on pa at the zone I mentioned..it's the most important indicator of all
the cautious seldom err....C
  • #2,589
  • Sep 13, 2017 9:58am Sep 13, 2017 9:58am
Quoting pips29
{quote} Do you know what I mean by a decisive break...since no one ask I guess you know
Please explain.

Its always good to know and understand ur views.

Thx
  • #2,590
  • Sep 13, 2017 10:03am Sep 13, 2017 10:03am
Quoting pips29
{quote} Do you know what I mean by a decisive break...since no one ask I guess you know
break above D 200 ema, and pref 111.000? made a hh on the h4 today also. Seems like Trumps tax reforms are getting bulls excited
  • #2,591
  • Sep 13, 2017 3:45pm Sep 13, 2017 3:45pm
Quoting Helee
{quote} Please explain. Its always good to know and understand ur views. Thx
Quoting pips29
{quote} Do you know what I mean by a decisive break...since no one ask I guess you know
break above D 200 ema, and pref 111.000? made a hh on the h4 today also. Seems like Trumps tax reforms are getting bulls excited


when testing a level be it a tl or a s/r level or a moving average a decisive break would be firstly the candle that breaks that level followed by the next candle whose opening and close is beyond that level and for me the colour must be the same as the "break" candle..when I say colour I mean if the break candle is bullish the next candle must also be bullish..the chart will show what I mean..we only use and analyse with the same time frame..if it's on the 4 hour then it's the 4 hour, if it's on the daily then it's the daily..I wish to point out the daily is highly accurate and would be better but the stop is obviously much bigger..hence I use H4
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the cautious seldom err....C
  • #2,592
  • Sep 13, 2017 4:03pm Sep 13, 2017 4:03pm
an example on the daily which is good for 500 pips
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the cautious seldom err....C
  • #2,593
  • Sep 14, 2017 1:16am Sep 14, 2017 1:16am
Quoting pips29
{quote} Quoting pips29 {quote} Do you know what I mean by a decisive break...since no one ask I guess you know break above D 200 ema, and pref 111.000? made a hh on the h4 today also. Seems like Trumps tax reforms are getting bulls excited when testing a level be it a tl or a s/r level or a moving average a decisive break would be firstly the candle that breaks that level followed by the next candle whose opening and close is beyond that level and for me the colour...

Hi Pips29,

Yes, i thought u meant that.. often PA retraces back after crossing the 200, even on LTF´s.

On ur example on the D1 chart there are nice touches of the 200.. taken those would gave huge pips.

Also after the cross often PA comes to retest, that is the ideal entry,, lowering SL.

Thx
  • #2,594
  • Sep 14, 2017 1:20am Sep 14, 2017 1:20am
Quoting Helee
{quote} Hi Pips29, Yes, i thought u meant that.. often PA retraces back after crossing the 200, even on LTF´s. On ur example on the D1 chart there are nice touches of the 200.. taken those would gave huge pips. Also after the cross often PA comes to retest, that is the ideal entry,, lowering SL. Thx
somewhere in the back of my head I knew you know what I meant..fyi I am in longs the loonie with 2 entries
the cautious seldom err....C
  • #2,595
  • Sep 14, 2017 2:42am Sep 14, 2017 2:42am
short taken a few candles back...on H4 you 'll find a rejection candle off the 10/34 ema and confirmed by another candle (decisive)..when things fall nicely I am confident with such trades but of course there is no guarantee it will do what I want it to do
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the cautious seldom err....C
  • #2,596
  • Sep 14, 2017 3:02am Sep 14, 2017 3:02am
counter trend trading against H4/Daily and got greedy...could have taken +14 for starters today but still out in the green
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the cautious seldom err....C
  • #2,597
  • Sep 14, 2017 3:20am Sep 14, 2017 3:20am
just a reminder, we have news that will affect sterling pairs in under an hour..I am staying clear of sterling until after
the cautious seldom err....C
  • #2,598
  • Sep 14, 2017 4:23am Sep 14, 2017 4:23am
I have planned to set a p/o at 50% fib for a buy when my short hit the target but as it is it did not and I didn't have "spare" pips to do this..It would been a "sterling" trade if I had set the p/o
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the cautious seldom err....C
  • #2,599
  • Sep 14, 2017 4:29am Sep 14, 2017 4:29am
let's see if this can be just as sterling
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the cautious seldom err....C
  • #2,600
  • Sep 14, 2017 4:32am Sep 14, 2017 4:32am
Quoting pips29
short taken a few candles back...on H4 you 'll find a rejection candle off the 10/34 ema and confirmed by another candle (decisive)..when things fall nicely I am confident with such trades but of course there is no guarantee it will do what I want it to do {image}
closing this ahead of target ..I am getting desperate for pips
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the cautious seldom err....C
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