A very simple system - trade with arrow | Page 181 | Forex Factory

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A very simple system - trade with arrow

  • #3,601
  • Jul 3, 2018 12:04am Jul 3, 2018 12:04am
Too quiet on this thread EA taken this morning. +50 I put a 20 pip trail on as I don't particularly like Frankfurt opening, it tends to swing around but reached the take profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDSBM15-03-07.jpg Size: 1.0 MB
Click to Enlarge Name: EURAUDSBM15-03-07(2).png Size: 72 KB
Success means going from failure to failure without loss of enthusiasm
  • #3,602
  • Jul 4, 2018 4:08am Jul 4, 2018 4:08am
I have taken this short this morning and taken 50% off for some profit for the day..the trade is now locked in at b/e+
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15.png Size: 64 KB
the cautious seldom err....C
  • #3,603
  • Jul 4, 2018 4:13am Jul 4, 2018 4:13am
I set 2 pending sells about 4 pips below the 34 ema and was triggered in...let's see
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 66 KB
the cautious seldom err....C
  • #3,604
  • Jul 18, 2018 2:01am Jul 18, 2018 2:01am
Swapped the m15 tdi for the gmts tape which I find a better signal, still looking at the ma ribbon and the h1 and h4 tdi's. I have started following behind the last bullish or bearish candle depending on whether its a buy or sell. + around 30 pips on GA buy and +70 on GJ sell.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDSBM15-18-07.jpg Size: 922 KB
Click to Enlarge Name: GBPAUDSBM15-18-07(2).png Size: 68 KB
Click to Enlarge Name: GBPJPYSBM15-18-07.png Size: 58 KB
Success means going from failure to failure without loss of enthusiasm
  • #3,605
  • Jul 20, 2018 10:11pm Jul 20, 2018 10:11pm
Yesterdays trades on Gcad. Took the first trade which got taken out at the trailing stop. After everything still looked good for going down took another one. Held on through the spike up as the previous H4 candle was a bearish engulfing and there was bearish hidden divergence there as well, and nothing was closing above the previous day's high. Took the trade out manually for around 63 pips when the take profit was missed by about 3 pips and price started to turn around.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADSBM15-20-07.jpg Size: 946 KB
Click to Enlarge Name: GBPCADSBM15-20-07(2).jpg Size: 933 KB
Click to Enlarge Name: GBPCADSBM15-20-07(3).png Size: 79 KB
Success means going from failure to failure without loss of enthusiasm
  • #3,606
  • Jul 21, 2018 2:22am Jul 21, 2018 2:22am
I did not trade gcad but the loonie instead. My target when I took the trade was the 34ema on the daily/200 ema H4 and that's 120 pips away. I had my doubts that price could reach this level as the dollar was strong throughout the week and thereby left the target open..took my profits for 85 pips eventually
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 61 KB
the cautious seldom err....C
  • #3,607
  • Jul 23, 2018 5:53am Jul 23, 2018 5:53am
my first dose of green pips for the week..just following the trend using the 5 min tf
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 53 KB
the cautious seldom err....C
  • #3,608
  • Oct 9, 2018 4:49am Oct 9, 2018 4:49am
I think I will try to revive this thread but I must point out I do not use arrows..here are some trades done this morning and still on going. Please feel free to ask questions
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 62 KB
Click to Enlarge Name: AUDUSDM15.png Size: 63 KB
Click to Enlarge Name: NZDUSDM15.png Size: 64 KB
Click to Enlarge Name: USDCADM15.png Size: 68 KB
the cautious seldom err....C
  • #3,609
  • Oct 9, 2018 4:56am Oct 9, 2018 4:56am
Hi Eric,
Can you discuss how you use multiple lot entries and exits.
How do you select an exit price?
Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #3,610
  • Oct 9, 2018 5:05am Oct 9, 2018 5:05am
Quoting Islandfx911
Hi Eric, Can you discuss how you use multiple lot entries and exits. How do you select an exit price? Regards Rob
I don't have a strategy for exits but I have a pre-determined exit point .When a trade is taking longer than what I expect, I will normally take 10 or more pips off when available..this gives me a boost mentally and also reduce my risk.I will then take the next bit off at around 20 pips reducing my risk further..As you can see my exit is not fixed permanently. I try to react to the market condition at best.
the cautious seldom err....C
  • #3,611
  • Edited 5:45am Oct 9, 2018 5:10am | Edited 5:45am
For those who are new or not so new the method is still the same ,only more colourful and I added the daily pivots..I am still using the 14 and 50 cci..Please do not use weekly fibo pivots with my method. It's not compatible.
the cautious seldom err....C
  • #3,612
  • Oct 9, 2018 5:49am Oct 9, 2018 5:49am
for those who do not want to think too much taking exits at pivot S/R can be used....not optimal but simple
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 69 KB
the cautious seldom err....C
  • #3,613
  • Oct 9, 2018 6:31am Oct 9, 2018 6:31am
as all my earlier trades are locked in with some green pips I went roaming and found these..gotta watch them as they can be a pain in the bxxt
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 71 KB
Click to Enlarge Name: GBPNZDM15.png Size: 66 KB
the cautious seldom err....C
  • #3,614
  • Oct 9, 2018 7:02am Oct 9, 2018 7:02am
Quoting pips29
as all my earlier trades are locked in with some green pips I went roaming and found these..gotta watch them as they can be a pain in the bxxt {image} {image}
gonna take me sometime to update new template for ya =)
Do it like a Fool
  • #3,615
  • Oct 9, 2018 7:13am Oct 9, 2018 7:13am
Quoting Foolsgame
{quote} gonna take me sometime to update new template for ya =)
hey bro. how are you? let's have some fun
the cautious seldom err....C
  • #3,616
  • Oct 9, 2018 7:16am Oct 9, 2018 7:16am
Quoting pips29
{quote} hey bro. how are you? let's have some fun
its been a while, kinda free after a year of busy. finally have some time of mine. i catch up with you after update my template
Do it like a Fool
  • #3,617
  • Oct 9, 2018 7:31am Oct 9, 2018 7:31am
Quoting pips29
as all my earlier trades are locked in with some green pips I went roaming and found these..gotta watch them as they can be a pain in the bxxt {image} {image}
really dicey with sterling, seems to be headless...anyway taken some off for some profits and moved to b/e now....all my trades earlier were stopped out in green
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 72 KB
the cautious seldom err....C
  • #3,618
  • Oct 9, 2018 7:42am Oct 9, 2018 7:42am
Quoting Foolsgame
{quote} its been a while, kinda free after a year of busy. finally have some time of mine. i catch up with you after update my template
hope you had a good harvest with your plantation...
the cautious seldom err....C
  • #3,619
  • Oct 9, 2018 7:44am Oct 9, 2018 7:44am
Quoting pips29
{quote} really dicey with sterling, seems to be headless...anyway taken some off for some profits and moved to b/e now....all my trades earlier were stopped out in green {image}
hitting 1.7000 nicely, nice job bro!!
Do it like a Fool
  • #3,620
  • Oct 9, 2018 7:47am Oct 9, 2018 7:47am
Quoting pips29
{quote} hope you had a good harvest with your plantation...
a bit up and down but still good overall. thats why i got mytime here at night for NY open till London close. update mytemplate, let me know anything need add for me to update #post 1.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 76 KB
Do it like a Fool
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