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A very simple system - trade with arrow

  • #2,941
  • Nov 17, 2017 12:36pm Nov 17, 2017 12:36pm
I am in some dd with Aud/nzd...I am bearish aud but his cousin was also bearish..the aussie is now trading well below the wcc and it will be confirmed when the day closes with a break,however the kiwi has recovered slightly after breaking the wcc and price is now a few pips above the low of the wcc..I had already made some gains shorting aud/nzd..today price went up to to weekly resistence where I took some profitable trades..I am leaving my TE open over the weekend..have a good evening..over and out
the cautious seldom err....C
  • #2,942
  • Nov 18, 2017 10:26am Nov 18, 2017 10:26am
looking at gold, a breakout of the wcc has happened to the upside and I reckon it's good to look at longs..I haven't traded gold in a long time and only took a profitable trade yesterday..quite a number of years ago, someone did tell me the demand for physical gold is high during the period towards the end of the year and the Chinese Lunar Year (16th Feb.'18) . The Chinese traditionally will buy gold for this festive occasion and you can imagine the reality of this demand..anyway, back to the charts..I have levels drawn on the weekly and price will probably test 1303..breaking of this level will probably take price very much higher..I have 3 ways to enter the market..you find your own way by doing your own analysis
Attached Image(s) (click to enlarge)
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the cautious seldom err....C
  • #2,943
  • Nov 18, 2017 10:45am Nov 18, 2017 10:45am
Quoting pips29
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.. {image} {image} {image}
The wicks I mentioned on the above post prove me right and price is now trading lower..a wcc is also broken..there are some levels I will be looking at..dyoa
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 55 KB
the cautious seldom err....C
  • #2,944
  • Nov 18, 2017 10:50am Nov 18, 2017 10:50am
this one is interesting..price did break the wcc and managed to close right at wcc low...it's also one of the reasons I am still holding my aud/nzd shorts..that's all..back to footie
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDWeekly.png Size: 51 KB
the cautious seldom err....C
  • #2,945
  • Edited 9:47am Nov 20, 2017 5:41am | Edited 9:47am
I took one out and locked in at be..I really have to leave the house to do something but this pair is stopping me doing just that...but seriously i gotta go...see you in a bit EDit: remainder stopped out at be
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #2,946
  • Nov 20, 2017 12:50pm Nov 20, 2017 12:50pm
Quoting pips29
this one is interesting..price did break the wcc and managed to close right at wcc low...it's also one of the reasons I am still holding my aud/nzd shorts..that's all..back to footie {image}

Hi Pips29,

Do you have any specific strategy for those week candles? or u just monitor and take action from M5 or M15?

thx
take care
  • #2,947
  • Nov 20, 2017 5:40pm Nov 20, 2017 5:40pm
Quoting Helee
{quote} Hi Pips29, Do you have any specific strategy for those week candles? or u just monitor and take action from M5 or M15? thx take care
I was looking at Strat's thread and saw some similarity with the way I trade..For a start we use moving averages, mine being the 10 and 34 ema..I have not used a wcc before and I thought why not try it out..I just make it simple for myself by looking at longs when the wcc is broken to the upside and vice versa..the entry be it long or short has to fit in with my method or what you say" taking action from m5/m15"..as long as pa lines up with H1 and /or H4 I will take the trade..I actually plan to go long with gold when price retraces back to the wcc breakout point..in fact I set a pending buy and only took it out just mins before price crashed thru' the breakout point for pa on u/y was steadily moving upwards..When u/y is moving up I don't go long with gold..I also do not short the loonie when the aussie is trending down.To me they are opposites
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #2,948
  • Nov 21, 2017 7:16am Nov 21, 2017 7:16am
Quoting pips29
{quote} I was looking at Strat's thread and saw some similarity with the way I trade..For a start we use moving averages, mine being the 10 and 34 ema..I have not used a wcc before and I thought why not try it out..I just make it simple for myself by looking at longs when the wcc is broken to the upside and vice versa..the entry be it long or short has to fit in with my method or what you say" taking action from m5/m15"..as long as pa lines up with H1 and /or H4 I will take the trade..I actually plan to go long with gold when price retraces back...

Thanx
  • #2,949
  • Nov 25, 2017 9:54am Nov 25, 2017 9:54am
Hi Pips29,

Tell me, does ur broker do this???

Attached Image
  • #2,950
  • Nov 25, 2017 9:58am Nov 25, 2017 9:58am
Quoting Helee
Hi Pips29, Tell me, does ur broker do this??? {image}
Time to find another one buddy
I Have Learned to Take Some Losses to Make Profits
  • #2,951
  • Nov 26, 2017 6:03pm Nov 26, 2017 6:03pm
Quoting Foolsgame
BUY Daily chart Price> 10 ema > 34ema H4: price > 10ema > 34ema 15M chart: price > 10ema > 34ema(arrow appear for more confirmation) SELL Daily chart Price < 10 ema < 34ema H4 chart: price <1 0ema < 34ema 15M chart: price < 10ema < 34ema(arrow appear for more confirmation) TREND go with 200 ema in daily(LINK: http://www.forexfactory.com/showthre...28#post9011128) exception: e/g, n/u ,a/u,gold and oil. PASR Trend lines in daily and H4 all and the SD and SR area in daily and H4 candle formation in H1 Trend lines,candle formation...
hey Foolsgale! thank you for what you're sharing here it's so great...i just would like to danwlaond the Newest template and indicators, but it doesn't work on my computer, should i have problem in my computer or there is samething wrong with tha Newest template and indicators?
thank you so much.
  • #2,952
  • Nov 27, 2017 4:43am Nov 27, 2017 4:43am
Quoting Helee
Hi Pips29, Tell me, does ur broker do this??? {image}
sorry for the late reply..was busy..yes, I did experience several times before and now I don't use stops orders..occasionally, I might use limit orders just to catch that fake spikes but only when I find s/r on H4/daily/weekly charts..that's the reason why I normally remove my stops when there's news and also during the period between the close and asia open...Spreads are widened to catch weak holders..whether you should find another broker is up to you..I did change brokers when my platforms were frozen..I do have a broker without any platform freezes before or during data announcement and also very quick with withdrawals but the annoying thing is the spreads are not good except for g/u and e/u (reasonable)..I have one broker of which the spreads are good but it freezes for 5 secs or more when certain data are announced..I think some brokers forbid traders from trading the news and that often mean freezing the platform
the cautious seldom err....C
  • #2,953
  • Nov 27, 2017 4:46am Nov 27, 2017 4:46am
Quoting TheScorpS
{quote} Time to find another one buddy
nice of you to drop by Scorps, haven't seen much of you lately...still with eur/aud?
the cautious seldom err....C
  • #2,954
  • Nov 27, 2017 8:59am Nov 27, 2017 8:59am
saw this as a rejection of the support on H1 and entered ..taken 2 off and moved stop to be+ and target set...this is a ct trade...let's see.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCADM15.png Size: 75 KB
the cautious seldom err....C
  • #2,955
  • Nov 27, 2017 9:08am Nov 27, 2017 9:08am
I made a mistake with this pair..I meant to scale out but mistakenly took all out..I click on close order and all three were closed..with the mobile it doesn't do the same..with the mobile after clicking close order I have the option to set to market execution and adjust the number of lots to close out...I am always getting myself confused..a ct trade with rejection on H1..I am actually having problem with my platform and I am using the computer and mobile at the same time
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYH1.png Size: 66 KB
Click to Enlarge Name: AUDJPYM5.png Size: 51 KB
the cautious seldom err....C
  • #2,956
  • Nov 27, 2017 9:11am Nov 27, 2017 9:11am
Quoting pips29
saw this as a rejection of the support on H1 and entered ..taken 2 off and moved stop to be+ and target set...this is a ct trade...let's see. {image} {image}
all out and it's going higher
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 66 KB
the cautious seldom err....C
  • #2,957
  • Nov 27, 2017 9:37am Nov 27, 2017 9:37am
this morning I saw the kiwi as being strong or at the least much stronger than the aussie..owing to this I entered a short and had taken profit..I have 2 other shorts from much earlier and was in dd.price is now doing what I wanted and hopefully it continues to do so
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM15.png Size: 55 KB
the cautious seldom err....C
  • #2,958
  • Nov 27, 2017 11:06am Nov 27, 2017 11:06am
seeing some weakness with the kiwi and therefore gone short just moments ago..stop above today's high
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM5.png Size: 60 KB
the cautious seldom err....C
  • #2,959
  • Nov 27, 2017 12:46pm Nov 27, 2017 12:46pm
Quoting pips29
{quote} sorry for the late reply..was busy..yes, I did experience several times before and now I don't use stops orders..occasionally, I might use limit orders just to catch that fake spikes but only when I find s/r on H4/daily/weekly charts..that's the reason why I normally remove my stops when there's news and also during the period between the close and asia open...Spreads are widened to catch weak holders..whether you should find another broker is up to you..I did change brokers when my platforms were frozen..I do have a broker without any platform...
Hi Thx for ur reply,
yes, indeed i must change broker, but i have been changing quiet a lot. i think i am going already on the 5th.. lol
This one gives those nerves,,, i wanna kill them.. but also had those who froze the platform and u cant see what tha hell is happening.
Still need to find a good one.
thx, take care.
  • #2,960
  • Nov 27, 2017 9:09pm Nov 27, 2017 9:09pm
Quoting pips29
{quote} nice of you to drop by Scorps, haven't seen much of you lately...still with eur/aud?
Hi pips , thanks , Helee make sure that I drop by once in a while, although I plan to give back maybe soon , for the time being this is yesterday trade on EUR/AUD for +30 pips

Tried to stretch it to 50 pips but I had quite support over EMA 10 on H4
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
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