A very simple system - trade with arrow | Page 179 | Forex Factory

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A very simple system - trade with arrow

  • #3,561
  • Jun 1, 2018 4:44am Jun 1, 2018 4:44am
just a short while ago I took this entry following the trend on this tf...to be safe it's advisable to trade away from the H1 34 ema...in this case I'm trading towards it but once price gets below the downtrend should prevail
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 66 KB
the cautious seldom err....C
  • #3,562
  • Jun 1, 2018 4:53am Jun 1, 2018 4:53am
in some profits with u/y..I will keep my trading light as nfp is due later on..we used to call this "the mother of all news"
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 64 KB
the cautious seldom err....C
  • #3,563
  • Jun 1, 2018 5:07am Jun 1, 2018 5:07am
Taken this one on GBPUSD, what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 407 KB
  • #3,564
  • Jun 1, 2018 5:34am Jun 1, 2018 5:34am
Quoting pips29
just a short while ago I took this entry following the trend on this tf...to be safe it's advisable to trade away from the H1 34 ema...in this case I'm trading towards it but once price gets below the downtrend should prevail {image}
Nice 123 reversal pattern pips29!
“Stops don’t limit profits — they prevent disasters.”
  • #3,565
  • Jun 1, 2018 6:46am Jun 1, 2018 6:46am
Taken 1/2 off and locked in at b/e+
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 68 KB
the cautious seldom err....C
  • #3,566
  • Jun 1, 2018 6:48am Jun 1, 2018 6:48am
Quoting pips29
just a short while ago I took this entry following the trend on this tf...to be safe it's advisable to trade away from the H1 34 ema...in this case I'm trading towards it but once price gets below the downtrend should prevail {image}
taken 2/3 off and stop moved to b/e+
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 70 KB
the cautious seldom err....C
  • #3,567
  • Jun 1, 2018 6:53am Jun 1, 2018 6:53am
Quoting tzic
Taken this one on GBPUSD, what do you think? {image}
the line in the sand for cable is the 1.3300 handle...price is now trading above this level and looking good..I saw sterling strength and is partly one of several reasons I took eurgbp short...I have no idea how far it can go especially when nfp is due soon..tbh cable trade for me is next week..I am waiting to see if price can close above 1.33 btw why do you have your fibs the other way round?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 61 KB
the cautious seldom err....C
  • #3,568
  • Jun 1, 2018 6:57am Jun 1, 2018 6:57am
Hi, i am new to trading and i been practicing with 10 and 34 ema, and have been helpful. Please i need the arrow indicator for download
  • #3,569
  • Jun 1, 2018 7:00am Jun 1, 2018 7:00am
decided to close my euro trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 67 KB
the cautious seldom err....C
  • #3,570
  • Jun 1, 2018 7:03am Jun 1, 2018 7:03am
closing some u/y longs
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 60 KB
the cautious seldom err....C
  • #3,571
  • Jun 1, 2018 7:06am Jun 1, 2018 7:06am
trade closed
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 69 KB
the cautious seldom err....C
  • #3,572
  • Jun 1, 2018 11:10am Jun 1, 2018 11:10am
re-entered short... set the stop and target and left the house....target hit while I was away from the computer
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 62 KB
the cautious seldom err....C
  • #3,573
  • Jun 1, 2018 11:40am Jun 1, 2018 11:40am
Quoting tzic
Taken this one on GBPUSD, what do you think? {image}
possible ab=cd
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1a.png Size: 66 KB
the cautious seldom err....C
  • #3,574
  • Jun 2, 2018 5:45am Jun 2, 2018 5:45am
taking a look at the dragon I made a few observations...on the weekly you see a rejection of the previous swing low..on the daily price closed with a bullish candle that closed above the 10 ema...on the 4 hour you will find price making HL and HH..I mark the zones where price can possibly hit ..I am looking towards a long should pa show continuation of upward move using the 15 min
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYWeekly.png Size: 37 KB
Click to Enlarge Name: GBPJPYDaily.png Size: 65 KB
Click to Enlarge Name: GBPJPYH4.png Size: 63 KB
the cautious seldom err....C
  • #3,575
  • Jun 2, 2018 6:26am Jun 2, 2018 6:26am
eur/gbp, I see more downside with this pair...on the monthly we got a close below the mother bar and on the weekly it formed a beeb/beob...on H4 price did make a new HH and LL..the HH was a bull trap and I hope none of you fell into it..as you can see on the 15m tf I took shorts and left the cream for someone else
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPMonthly.png Size: 49 KB
Click to Enlarge Name: EURGBPH4.png Size: 79 KB
Click to Enlarge Name: EURGBPWeekly.png Size: 41 KB
Click to Enlarge Name: EURGBPM15.png Size: 67 KB
the cautious seldom err....C
  • #3,576
  • Jun 2, 2018 6:37am Jun 2, 2018 6:37am
take a look at the daily close of both g/aud and e/aud..one is bullish and the other is not..I prefer e/aud and pa is clear...rejection of the 10 and 200 ema..I have a bias so please do your own analysis
the cautious seldom err....C
  • #3,577
  • Jun 3, 2018 9:09am Jun 3, 2018 9:09am
taking a look at wti (west texas intermediate) oil, I find the following though most analysts are saying 70 or more for this commodity........but in the near term this could happen..on the monthly there was a rejection at the 200 ema and bearish candles formed, on the weekly there is some -ve divergence formed and the last candle closed below the swing high of Jan...will we get 3 black crows on this timeframe? we will know in 5 days time..on the daily we find price sitting at a dynamic TL ( I have more faith on horizontal ones)..however on H4 we have LH and LL and i believe price will go lower and test 62 before anything else..I have no exposure yet and when I do short I will use the 5min tf...let's see
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XTIUSDMonthly.png Size: 41 KB
Click to Enlarge Name: XTIUSDWeekly.png Size: 46 KB
Click to Enlarge Name: XTIUSDDaily.png Size: 65 KB
Click to Enlarge Name: XTIUSDH4.png Size: 63 KB
the cautious seldom err....C
  • #3,578
  • Jun 3, 2018 9:26am Jun 3, 2018 9:26am
The audusd has been problematic for me for the past week or so..I am bullish bias but I need price to be above 76..it hasn't done that yet ..I was on the verge of taking the loss has price closed below 75 which was my cut off point..it did not do that but instead printed a HH and HL on the 4 hour I am in a small dd which is already covered by gains made earlier as you can see..I plan to enter more longs when I get nice pa above 76 and look at targets ending at 80 perhaps...patience is required with this trade...I forgot to say I am bullish because of the numerous rejection of 75 on the weekly
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDMonthly.png Size: 54 KB
Click to Enlarge Name: AUDUSDWeekly.png Size: 54 KB
Click to Enlarge Name: AUDUSDDaily.png Size: 67 KB
Click to Enlarge Name: AUDUSDH4.png Size: 71 KB
the cautious seldom err....C
  • #3,579
  • Jun 4, 2018 1:59am Jun 4, 2018 1:59am
Quoting pips29
take a look at the daily close of both g/aud and e/aud..one is bullish and the other is not..I prefer e/aud and pa is clear...rejection of the 10 and 200 ema..I have a bias so please do your own analysis
in line with what I see i entered short during Sydney session and now have taken profits ..I do have an entry now from earlier which was in dd on Friday....no longer in dd now
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 58 KB
the cautious seldom err....C
  • #3,580
  • Edited 2:34am Jun 4, 2018 2:07am | Edited 2:34am
taken more profits and locked in at b/e+...initial target is slightly lower..it's really a no brainer trade using the 10/34/and 200 ema set up EDit:stopped out
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 68 KB
Click to Enlarge Name: EURAUDDailya.png Size: 67 KB
the cautious seldom err....C
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