A very simple system - trade with arrow | Page 137 | Forex Factory

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A very simple system - trade with arrow

  • #2,721
  • Sep 27, 2017 4:24am Sep 27, 2017 4:24am
doing the same for the kiwi...be+60. There is rate decision later in the evening
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the cautious seldom err....C
  • #2,722
  • Sep 27, 2017 4:34am Sep 27, 2017 4:34am
let's see if this zone is support for cable, if not there is room to trade towards the 200 ema
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the cautious seldom err....C
  • #2,723
  • Sep 27, 2017 4:38am Sep 27, 2017 4:38am
why am I the only one talking..Please share your trades and your thinking. We can learn from each other so that we can beat the big boys or at least able to follow them in this "game"
the cautious seldom err....C
  • #2,724
  • Sep 27, 2017 4:47am Sep 27, 2017 4:47am
i entered into USDCAD and i have the position in BE, i'm not sure if i did the correct interpretation of this system but i'm trying to figured out
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  • #2,725
  • Sep 27, 2017 4:51am Sep 27, 2017 4:51am
Quoting pips29
{quote} some of you might wonder why I did not take profit on the swissy...I am taking a longer view rather than just scalping as my guts tell me pa will move higher to test the s/r plotted on H4/daily and also the 200 ema...I might be stopped out before it happens..no worries if that happens as I would have bagged 30 pips {image}
price did hit the s/r and bounced off that...no buy ,no sell situation ( in no man's land atm)
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the cautious seldom err....C
  • #2,726
  • Sep 27, 2017 4:59am Sep 27, 2017 4:59am
Quoting Hugoafonso
i entered into USDCAD and i have the position in BE, i'm not sure if i did the correct interpretation of this system but i'm trying to figured out {image} {image}
there was a nice buy a few hours earlier but I was sleeping but since you are at be, it's stress free..my pending buy is not triggered yet but when it does I think the big boys will push price much higher..btw Hugo, you can only get better with practice, you are doing the right thing
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the cautious seldom err....C
  • #2,727
  • Sep 27, 2017 5:08am Sep 27, 2017 5:08am
those 2 candles highlighted were good buys and if you had bought in the area in yellow you will still come out winners..
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the cautious seldom err....C
  • #2,728
  • Sep 27, 2017 5:16am Sep 27, 2017 5:16am
I am closing this trade ahead of target...my r:r was slightly more than one from the start ( stop was 50 pips) and so I ended with a r:r of 1:1..quota + bonus already achieved with g/a and g/y..I took this trade on the 15 min and not the 5 min mainly because liquidity was low at that time of day and a 15 min was therefore more reliable than the 5 min...
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the cautious seldom err....C
  • #2,729
  • Sep 27, 2017 5:56am Sep 27, 2017 5:56am
some interesting points of reference you get from looking at cable on the daily..It's another of my favourite pair...I see two important candles which I name as a and b..a is a bullish candle whose high was pierced by candle b which ended up as a doji..price has not closed above or below both candles a and b..Price has pierced candle a low just now and we are seeing a reaction when that happened..Both daily and weekly are bullish to me though the weekly shows price trapped within the big bullish candle (10th of this month).I am in favour of a bullish move and will use the 5 min to scalp
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the cautious seldom err....C
  • #2,730
  • Sep 27, 2017 6:05am Sep 27, 2017 6:05am
Selling EU and Gold on M15.
But small stop
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  • #2,731
  • Edited 7:48am Sep 27, 2017 6:33am | Edited 7:48am
i took a long...let's see EDit: has just moved my stop to be..risk free+stress free..EDit: stopped out
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the cautious seldom err....C
  • #2,732
  • Sep 27, 2017 7:34am Sep 27, 2017 7:34am
Closed some in Gold 30 pips and moved rest to BE.
Moved EU to BE also
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  • #2,733
  • Sep 27, 2017 7:36am Sep 27, 2017 7:36am
Quoting pips29
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 {image}
the big boys are just kicking around the 1.24 playing field which I mentioned...that's the reason why my pending order is higher up..Until the big boys decide to take aim at goal the play is just around the centre half,,,so either buy low or buy higher
the cautious seldom err....C
  • #2,734
  • Sep 27, 2017 7:40am Sep 27, 2017 7:40am
Quoting lehmann
Closed some in Gold 30 pips and moved rest to BE. Moved EU to BE also {image}
I don't trade gold but that pinbar that was rejected at the 34 ema was just too tempting ,however you waited for the next candle to close below the 10 ema before entering...nicely done
the cautious seldom err....C
  • #2,735
  • Sep 27, 2017 7:44am Sep 27, 2017 7:44am
I added an entry using the 1-2-3 pattern with a pending sell
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the cautious seldom err....C
  • #2,736
  • Sep 27, 2017 7:46am Sep 27, 2017 7:46am
Thanks

Closed my EU for 20 pips just now

and my gold is 40+ pips in profit and moved to BE, so as you say stress free trading
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  • #2,737
  • Sep 27, 2017 7:52am Sep 27, 2017 7:52am
Quoting lehmann
Thanks Closed my EU for 20 pips just now and my gold is 40+ pips in profit and moved to BE, so as you say stress free trading {image}
that's the way I like it
Inserted Video
the cautious seldom err....C
  • #2,738
  • Sep 27, 2017 8:02am Sep 27, 2017 8:02am
this might be "a sell the high and buy the low" of that grandfather candle...let's see
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the cautious seldom err....C
  • #2,739
  • Sep 27, 2017 11:11am Sep 27, 2017 11:11am
I just got back and saw my loonie was triggered...it wasn't how I want it to be trigered with a news spike I totally forgot about Poloz speech..otherwise I would have entered when price was rejected by the 34 ema of the 4 hour...the 34 ema on this tf tends to be reliable and I often use this as s/r...anyway, I am in
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #2,740
  • Sep 27, 2017 11:14am Sep 27, 2017 11:14am
my gut feeling tells me the kiwi was going higher with this morning pa...hence I locked in at be very quickly and was stopped out...I am setting a pending sell where I believe price wants to do EDit: was just triggered in
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the cautious seldom err....C
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