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A very simple system - trade with arrow

  • #2,741
  • Sep 27, 2017 3:19pm Sep 27, 2017 3:19pm
Quoting pips29
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 {image}
by the look of things, I reckon we should get a decisive break of the 200 ema on the 4 hour
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #2,742
  • Sep 27, 2017 3:28pm Sep 27, 2017 3:28pm
Quoting pips29
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...
looks like we will get a close below candle b..will it close below a as well..a close below a will make me feel bearish
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #2,743
  • Sep 27, 2017 3:36pm Sep 27, 2017 3:36pm
Quoting pips29
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 {image}
looking good once again
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #2,744
  • Sep 27, 2017 10:05pm Sep 27, 2017 10:05pm
Quoting pips29
this might be "a sell the high and buy the low" of that grandfather candle...let's see {image}
it is new to hear about grandfather candle.... can you explain it please ...
Success is a Journey Not a Destination....... kind regards ramzam
  • #2,745
  • Sep 27, 2017 10:07pm Sep 27, 2017 10:07pm
Quoting pips29
{quote} looking good once again {image}
seeing many small blue lines what is that lines..
Attached Image
Success is a Journey Not a Destination....... kind regards ramzam
  • #2,746
  • Sep 28, 2017 2:07am Sep 28, 2017 2:07am
Long in USDCHF, with small stops. will take some off if it goes to 1:1
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  • #2,747
  • Sep 28, 2017 2:56am Sep 28, 2017 2:56am
Quoting ramzam
{quote} it is new to hear about grandfather candle.... can you explain it please ...
It's the mastercandle..I just call it grandfather when I see more than 7 bars within this candle..it's just for fun
the cautious seldom err....C
  • #2,748
  • Sep 28, 2017 2:58am Sep 28, 2017 2:58am
Quoting ramzam
{quote} seeing many small blue lines what is that lines.. {image}
those lines are the daily open lines (from Sydney open to US close)
the cautious seldom err....C
  • #2,749
  • Sep 28, 2017 3:35am Sep 28, 2017 3:35am
my target was hit this morning
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 71 KB
the cautious seldom err....C
  • #2,750
  • Edited 5:41am Sep 28, 2017 4:07am | Edited 5:41am
short cable...let's see EDit: stopped out -40
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #2,751
  • Sep 28, 2017 5:22am Sep 28, 2017 5:22am
taking profits for my first trade of the morning, cable being the second and the aussie the third...This is not a pair I trade regularly but I saw euro strength and aud weakness this morning, hence this trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 52 KB
the cautious seldom err....C
  • #2,752
  • Sep 28, 2017 5:25am Sep 28, 2017 5:25am
I use the 15min. to re-enter a short
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 53 KB
the cautious seldom err....C
  • #2,753
  • Sep 28, 2017 6:26am Sep 28, 2017 6:26am
looking like price is hitting an area of fresh supply and the candle that brought the move down is 100 pips...taking a short now means a stop of >100 pips..if price drops from here the loonie has more room to move up...I still have the loonie in +ve 40 though I was up nearly a hundred earlier..thinking and planning another long with an eye on oil
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #2,754
  • Sep 28, 2017 6:29am Sep 28, 2017 6:29am
Quoting lehmann
Long in USDCHF, with small stops. will take some off if it goes to 1:1 {image}
Stopped out with one and the other at BE. was 2 pips from 1:1 damn

Trying a small short on aussi
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  • #2,755
  • Sep 28, 2017 6:33am Sep 28, 2017 6:33am
if price doesn't close below the last bullish candle on this time frame, I will seriously consider adding a long.. just gotta to wait another 90 mis
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #2,756
  • Sep 28, 2017 6:46am Sep 28, 2017 6:46am
my pending buy was triggered...looking for the rising 3 to play out..I shouldn't have shorted cable, it was a bad mistake and there were reasons not to short..well, sometimes you just have to pay for some lessons...important thing is to learn from it...I have not made a mistake for quite sometime and perhaps one was due today..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 64 KB
the cautious seldom err....C
  • #2,757
  • Sep 29, 2017 10:51am Sep 29, 2017 10:51am
the last time I did not take profit and was stopped out for 2 pips..I am not going to make the same mistake and with the first entry I took 40 pips and placed a pending buy 3 pips above that candle and was triggered in soon after .I set a 35 pips target as it's Friday and my target was hit..I do have other trades that were profitable but I am going to limit my posting and therefore not showing...e/cad looks good on H4 and a decisive break looks very likely of the 200 ema..price is also above the 200 ema on the daily...have a look at g/cad as well...I won't be taking trades now and the pairs that I mention are for next week...green pips and happy weekend
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 56 KB
the cautious seldom err....C
  • #2,758
  • Sep 30, 2017 8:42am Sep 30, 2017 8:42am
Quoting pips29
{quote} It's the mastercandle..I just call it grandfather when I see more than 7 bars within this candle..it's just for fun
okk... really good one. i am also using mastercandle.. but your grandfather name is quiet difference.. so that i asked...
Success is a Journey Not a Destination....... kind regards ramzam
  • #2,759
  • Oct 1, 2017 10:17am Oct 1, 2017 10:17am
on the daily gcad couldn't close above the 200 ema but instead ended up as a doji...picture is unclear so no trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADDaily.png Size: 56 KB
the cautious seldom err....C
  • #2,760
  • Oct 1, 2017 10:32am Oct 1, 2017 10:32am
[quote=pips29;10333780]price is at s/r as well as the 200 ema...price broke the low but it's not decisive yet...we will know when the daily forms today .Therefore no trade imo {image}[/quot
we did not get that decisive bar close and as a matter of fact price has made a bullish 4 bar pattern..I think price will be able to move above the 10 ema and test that area in blue (.8880) and when that is taken the next one is the .8950 (34 ema day/200 ema H4) I am looking at long now unless price is able to trade below .8740 ...just my 2 cents
Attached Image (click to enlarge)
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the cautious seldom err....C
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