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A very simple system - trade with arrow

  • #2,881
  • Oct 26, 2017 8:37am Oct 26, 2017 8:37am
Quoting pips29
perhaps it's good to keep an eye on this before taking an entry of the above (n/y) {image}
price has just broken the s/r level on my chart...let's see if price can get below the low of May...
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 75 KB
the cautious seldom err....C
  • #2,882
  • Oct 26, 2017 9:48am Oct 26, 2017 9:48am
Quoting pips29
looking at the pound or G/u to be more precise, I think it's poised to move down as the 1 hour pinbar previously looks suspect and fakey....just my opinion
price action has shown the pinbar was suspect and a fakey with the low taken out by the current candle...told you
the cautious seldom err....C
  • #2,883
  • Oct 26, 2017 9:51am Oct 26, 2017 9:51am
Quoting pips29
I will wait for a decisive break of the 200 ema...let's see if today's closing confirms it {image}
daily candle not closed yet but looking bearish...very tempting
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 57 KB
the cautious seldom err....C
  • #2,884
  • Oct 26, 2017 10:10am Oct 26, 2017 10:10am
yesterday I traded only g/u by using pending orders as I was rather busy...as mentioned previously, Wed is a busy day for me..I am now able to trade Friday uninterupted..Thursday might be a busy day too but today I'm ok, hence I have more time sharing..I am satisfied with the pips I already made today as I made nothing yesterday..my TE is up but I reckon there's nothing you can learn from looking at it...with this being the case I might just turn it on fortnightly or once a month..there is more to learn from a chart and the analysis that goes with it..I don't believe in hindsight talk and so what you see here is either current or "things to come"..I am honest with my trading and will not hesistate to say out loud when wrong..in my experience with stocks and forex, a long term hold is a short term plan that went wrong, and so when I see traders saying they are prepared to hold for months with a short term plan, they will not get my respect at all for I know too well their mistakes..just be honest with yourself and you will learn faster
the cautious seldom err....C
  • #2,885
  • Oct 26, 2017 10:22am Oct 26, 2017 10:22am
this is actually a nice trade on the 1 hour...price is making LH and the TDI HH which means a hidden bearish divergence and selling is the way to go..I am sure Likica from downunder would have gone in if she was looking...I was bogged down with g/u and so did not bother with this pair...but it was good for at least 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 76 KB
the cautious seldom err....C
  • #2,886
  • Edited Oct 27, 2017 6:05am Oct 26, 2017 5:11pm | Edited Oct 27, 2017 6:05am
Quoting pips29
{quote} daily candle not closed yet but looking bearish...very tempting {image}
setting up some sell limits for the new trading day...let's see..EDit: none was triggered and removing them now
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 53 KB
the cautious seldom err....C
  • #2,887
  • Oct 27, 2017 6:43am Oct 27, 2017 6:43am
Quoting pips29
I am looking to trade the loonie as I see a potential for some nice pips ...this trade will also be helped by weaknesses in the kiwi and the aussie..if you look back I did mention about a bullish harami on the weekly and since then price has been moving upwards..on the weekly there is a bit of +ve divergence which is seen more clearly on the daily..the green tdi on the daily has moved above the 50 line, waiting for the red to do so with more conviction ,however the cci is still below the 0 line ..because of this I will put in a pending buy now and...
It's just 1 month since I posted the above...let's see ..1st target already reached , 2nd target ?
the cautious seldom err....C
  • #2,888
  • Oct 27, 2017 6:45am Oct 27, 2017 6:45am
Quoting pips29
u/chf on the daily is looking bullish and there's room to move up..it's one of the reasons I'm in e/u shorts..I am short sterling and aussie from this morning..let's see {image}
will price reach the s/r on my chart...looks like price is going there
the cautious seldom err....C
  • #2,889
  • Oct 27, 2017 6:51am Oct 27, 2017 6:51am
pending sell below the 200 ema was triggered this morning...I have a pending sell on g/u too (not triggered yet) and have added an entry on n/y this morning...
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYM15.png Size: 51 KB
the cautious seldom err....C
  • #2,890
  • Oct 27, 2017 7:02am Oct 27, 2017 7:02am
I believe I have posted this before but anyway price is very close to the s/r I have on my chart..imo better to wait to see what will happen as red data form the US is 30 mins away
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 64 KB
the cautious seldom err....C
  • #2,891
  • Oct 27, 2017 9:40am Oct 27, 2017 9:40am
look like i got few pages to read just got myself back from outstation. green pips guys!! joining back next week
Do it like a Fool
  • #2,892
  • Edited Oct 28, 2017 6:13am Oct 27, 2017 10:03am | Edited Oct 28, 2017 6:13am
Quoting pips29
{quote} price has just broken the s/r level on my chart...let's see if price can get below the low of May... {image}
price has rejected the low printed in May and atm it's looking like a piercing pattern or a bueb..if either of this happens then looking for a bullish reversal is on the cards..I do not have any exposure to N/U but N/Y (2 entries)..let's see EDit: taken 1 entry off for a pip before the close
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 75 KB
the cautious seldom err....C
  • #2,893
  • Oct 28, 2017 6:09am Oct 28, 2017 6:09am
price did close as a piercing line after rejecting the swing low printed in May..I will be cautious if holding shorts of which I am not...if price closes above the last bearish candle in the next day or two, I will consider taking longs..let's see
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 58 KB
the cautious seldom err....C
  • #2,894
  • Nov 11, 2017 6:50am Nov 11, 2017 6:50am
let's get back to trading the 5/15 min charts using price action,moving averages,s/r and whatever that helps..there is too much noise in the other threads and I think I will remain here ..I was just looking at nzd/yen and came out with some ideas...my bias will be to the short side unless charts show otherwise..on the weekly I will be watching the levels drawn as supports/targets..on the daily price was rejected at s/r (ppa) with 2 days of bearish candles(red) and on the 4 hour you can see price being rejected at the 200ema/day 34 ema..on the 3 time frames I mentioned please take a look at the the tdi and which level they are at..they are all below the 50 level..have a look at the cci if you are using this indicator as well
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDJPYWeekly.png Size: 57 KB
Click to Enlarge Name: NZDJPYDaily.png Size: 72 KB
Click to Enlarge Name: NZDJPYH4.png Size: 60 KB
the cautious seldom err....C
  • #2,895
  • Nov 11, 2017 7:01am Nov 11, 2017 7:01am
I was caught with some bad trades (g/u) and had to engage with recovery trades to limit the damage..I am still in some dd but the damage was limited with a -.5% dent in my account..I have opened the TE and will close it before the trading session starts
the cautious seldom err....C
  • #2,896
  • Nov 11, 2017 12:43pm Nov 11, 2017 12:43pm
Pips, what do you think about using renko charts?
  • #2,897
  • Nov 11, 2017 5:13pm Nov 11, 2017 5:13pm
Quoting DjPriz
Pips, what do you think about using renko charts?
DjPriz, I am afraid I do not know much about renko bricks and how they will help in trading..I use candlesticks as I do base my entries on their formation..shooting stars,hammers,bueb/beeb just to name a few..with renko I will not be able to see these. I reckon it's a matter of preference and the method you use imo
the cautious seldom err....C
  • #2,898
  • Nov 11, 2017 6:02pm Nov 11, 2017 6:02pm
Quoting pips29
{quote} looking like the evening star I mentioned is playing out...a break of the s/r is happening right now..I have no position in this pair.. {image}
with hindsight it's easy to talk but I did say I believe the evening star pattern was playing out..it was about 2 months ago and the high printed on the 8th Sept. ( a high not seen for 2 years) will remain for the rest of this year imo..there were signs that price was topping before the evening star pattern occured as there was -ve divergence when price was making HH and the tdi LH..here is where price is
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 58 KB
the cautious seldom err....C
  • #2,899
  • Nov 12, 2017 9:57am Nov 12, 2017 9:57am
this looks like a good candidate for shorts..On the weekly you will see many wicky tops (highlighted in blue) showing that big boys did not like prices above the current price previously..and current movement over the last 2 weeks seem to confirm this..I will be surprised if price can trade above .7800 for this year. just my 2 cents..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 60 KB
Click to Enlarge Name: AUDUSDDaily.png Size: 62 KB
Click to Enlarge Name: AUDUSDH4.png Size: 61 KB
the cautious seldom err....C
  • #2,900
  • Nov 13, 2017 3:28am Nov 13, 2017 3:28am
Quoting pips29
let's get back to trading the 5/15 min charts using price action,moving averages,s/r and whatever that helps..there is too much noise in the other threads and I think I will remain here ..I was just looking at nzd/yen and came out with some ideas...my bias will be to the short side unless charts show otherwise..on the weekly I will be watching the levels drawn as supports/targets..on the daily price was rejected at s/r (ppa) with 2 days of bearish candles(red) and on the 4 hour you can see price being rejected at the 200ema/day 34 ema..on the 3...
guys, I had taken my first short and will add accordingly
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM15.png Size: 57 KB
the cautious seldom err....C
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