A very simple system - trade with arrow | Page 140 | Forex Factory

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A very simple system - trade with arrow

  • #2,781
  • Oct 3, 2017 11:25am Oct 3, 2017 11:25am
was away from the computer for a few hours and the loonie took a hit for -ve 19pips..I have just set a pending buy which is not triggered yet...the kiwi had finally hit target set yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 57 KB
the cautious seldom err....C
  • #2,782
  • Oct 3, 2017 11:28am Oct 3, 2017 11:28am
I see another 100 pips or more down for the kiwi....let's see
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 63 KB
the cautious seldom err....C
  • #2,783
  • Oct 3, 2017 11:32am Oct 3, 2017 11:32am
let's see if we get a bearish decisive close on the 4 hour
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 49 KB
the cautious seldom err....C
  • #2,784
  • Oct 3, 2017 6:10pm Oct 3, 2017 6:10pm
i was just wondering--how do you decide on the SL and TP?
  • #2,785
  • Oct 4, 2017 9:35pm Oct 4, 2017 9:35pm
Quoting pips29
{quote} Please don't misunderstand..I don't trade MC breakout per se, I look at various things and most importantly pa to justify my trade..I have to be cautious
yes that caution is always right... keep going up... thanking for your kind reply
Success is a Journey Not a Destination....... kind regards ramzam
  • #2,786
  • Oct 5, 2017 4:16am Oct 5, 2017 4:16am
Selling GU and buying USDCHF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.png Size: 22 KB
Click to Enlarge Name: UC.png Size: 23 KB
  • #2,787
  • Oct 5, 2017 4:59am Oct 5, 2017 4:59am
Quoting pips29
looking at pa, there is a good chance price will test the 34 ema/50% fib level....I am waiting for some retrace before going short...where would be a nice entry?? {image}
didn't I say so
the cautious seldom err....C
  • #2,788
  • Oct 5, 2017 5:02am Oct 5, 2017 5:02am
[quote=pips29;10346300]
Quoting pips29
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 {image}
did I not say so
the cautious seldom err....C
  • #2,789
  • Oct 5, 2017 5:06am Oct 5, 2017 5:06am
I see some resistence for the swissy atm
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily.png Size: 70 KB
the cautious seldom err....C
  • #2,790
  • Oct 5, 2017 5:10am Oct 5, 2017 5:10am
Quoting pips29
the aussie has been elusive but looking at the chart I believe we should get a close below .7810 soon and a test of .7750 after..let's see {image}
thinking we might get this today
the cautious seldom err....C
  • #2,791
  • Oct 5, 2017 5:42am Oct 5, 2017 5:42am
Quoting lehmann
Selling GU and buying USDCHF {image} {image}
Damn was away, but nearly hit TG, but moved stop to BE, A little to close but free trades.
Still in GU
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  • #2,792
  • Oct 5, 2017 7:52am Oct 5, 2017 7:52am
Quoting lehmann
{quote} Damn was away, but nearly hit TG, but moved stop to BE, A little to close but free trades. Still in GU {image}
GBPUSD Closed with 12+30 pips

USDCHF still moving sideways but at BE
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_15.jpg Size: 58 KB
  • #2,793
  • Oct 5, 2017 7:58am Oct 5, 2017 7:58am
this is strictly pa on the 4 hour...previous candles were showing rejection of the 34 ema and hence the trade..got another locked in at be...quota reached + bonus
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 52 KB
the cautious seldom err....C
  • #2,794
  • Oct 5, 2017 8:05am Oct 5, 2017 8:05am
you will definitely get a reaction at the 200 ema which is also at fib78.6 which is my favourite fib...price can be seen going for the 61.8 and if this break I will wait for the 78.6 to make a buy entry..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 55 KB
the cautious seldom err....C
  • #2,795
  • Oct 5, 2017 8:09am Oct 5, 2017 8:09am
Quoting lehmann
{quote} GBPUSD Closed with 12+30 pips USDCHF still moving sideways but at BE {image}
I knew you would do well with this trade...we've got a decisive break of the 200 ema ..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 49 KB
the cautious seldom err....C
  • #2,796
  • Oct 5, 2017 8:13am Oct 5, 2017 8:13am
no close above the 200 ema yet...looking forward to the next candle closing
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 56 KB
the cautious seldom err....C
  • #2,797
  • Oct 5, 2017 8:21am Oct 5, 2017 8:21am
something to keep an eye on...n/y has rejected the 78.6 fib thereby creating a -ve divergence and a ab=cd might be forming...I will wait for price to trade below the 200 ema before taking any trade
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYDaily.png Size: 62 KB
the cautious seldom err....C
  • #2,798
  • Oct 5, 2017 8:26am Oct 5, 2017 8:26am
let's see if the next candle will close bearish for continuation
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYH4.png Size: 64 KB
the cautious seldom err....C
  • #2,799
  • Oct 5, 2017 8:29am Oct 5, 2017 8:29am
another one to wait for a bullish close...the last one failed the test
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 64 KB
the cautious seldom err....C
  • #2,800
  • Oct 5, 2017 8:36am Oct 5, 2017 8:36am
Quoting lehmann
Selling GU and buying USDCHF {image} {image}
Finally USDCHF went to TG, im leaving some on the table if it runs, but up 20+ and closed the rest
Attached Image (click to enlarge)
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