A very simple system - trade with arrow | Page 197 | Forex Factory

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A very simple system - trade with arrow

  • #3,921
  • Oct 23, 2018 4:50am Oct 23, 2018 4:50am
Quoting Foolsgame
this trade is not a best example trade to show. i have highlighted the support area in blue. the entry mainly due to the H1 candle, the candlle show a large engulfing candle in H1. with all the MA show the direction. {image}
I also use the EMAs, but in a very simple and interesting way.
https://www.forexfactory.com/geniusbami
  • #3,922
  • Oct 23, 2018 6:11am Oct 23, 2018 6:11am
two trade taken
GN- feel unsafe and close after price retrace back and close below 34 ema
EJ- below all the indi's and a divergence form
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDM15.png Size: 64 KB
Click to Enlarge Name: EURJPYM15.png Size: 56 KB
Do it like a Fool
  • #3,923
  • Edited 7:09am Oct 23, 2018 6:50am | Edited 7:09am
Lucky to survive to this trade today.

It was not an A++ setup.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB
  • #3,924
  • Oct 23, 2018 7:35am Oct 23, 2018 7:35am
Quoting pundit78
Lucky to survive to this trade today. It was not an A++ setup. {image}
same set up as my gn but i chicken out
Do it like a Fool
  • #3,925
  • Oct 23, 2018 7:44am Oct 23, 2018 7:44am
Quoting Foolsgame
{quote} same set up as my gn but i chicken out
Yes I saw it.
  • #3,926
  • Oct 23, 2018 9:35am Oct 23, 2018 9:35am
seems like our big bro is still picking on trades
Do it like a Fool
  • #3,927
  • Oct 23, 2018 9:38am Oct 23, 2018 9:38am
I made a couple of losses, g/n and g/a and just got one back with the dragon...in some dd now so on recovery mode..no time to post now..will do later
the cautious seldom err....C
  • #3,928
  • Oct 23, 2018 9:52am Oct 23, 2018 9:52am
I left the house for a short walk and this happened
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDM15.png Size: 57 KB
Click to Enlarge Name: GBPNZDM15.png Size: 62 KB
the cautious seldom err....C
  • #3,929
  • Oct 23, 2018 9:55am Oct 23, 2018 9:55am
recovered a chunk back with the dragon but still need another winner to call it quits for the day..I do have a gcad trade on going now
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 57 KB
the cautious seldom err....C
  • #3,930
  • Oct 23, 2018 9:56am Oct 23, 2018 9:56am
my ongoing gcad
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 60 KB
the cautious seldom err....C
  • #3,931
  • Oct 23, 2018 10:05am Oct 23, 2018 10:05am
Since my last post my connection to my platform drop again...I get at least 10 over a day.. I think I need a new broker, really getting fed up with IC markets
the cautious seldom err....C
  • #3,932
  • Oct 23, 2018 10:20am Oct 23, 2018 10:20am
Quoting pips29
my ongoing gcad {image}
On Gbpcad I am playing opposite to you but this trade is not based on this system,lets see.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 32 KB
  • #3,933
  • Oct 23, 2018 10:29am Oct 23, 2018 10:29am
Quoting pundit78
{quote} On Gbpcad I am playing opposite to you but this trade is not based on this system,lets see. {image}
the play for cad has started for the rate announcement tomorrow...too bad my lady boss has booked an appointment with the dental surgeon @3 pm and the announcement is half an hour later..I hope to get in and out before the scheduled time as I won't have the chance to monitor after 3 pm(UK time)
the cautious seldom err....C
  • #3,934
  • Oct 23, 2018 10:34am Oct 23, 2018 10:34am
Quoting pundit78
{quote} On Gbpcad I am playing opposite to you but this trade is not based on this system,lets see. {image}
It's advisable to wait for price to take out the upper wick before adding ..a "fomo"case, I guess
the cautious seldom err....C
  • #3,935
  • Oct 23, 2018 10:49am Oct 23, 2018 10:49am
Quoting pips29
{quote} It's advisable to wait for price to take out the upper wick before adding ..a "fomo"case, I guess
Thats right but this was taken based on some fundamental, I have put a SL if it hit I will accept it.
  • #3,936
  • Oct 23, 2018 10:56am Oct 23, 2018 10:56am
Quoting pundit78
{quote} Thats right but this was taken based on some fundamental, I have put a SL if it hit I will accept it.
That's the reason I normally remove my stop before the end of day, but in this case I did not as I was in the green of 20 odd pips and thought it would be enough..not familiar with this pair and probably my last involvement with it. My stop was not honoured and a slippage of 3-5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADM15.png Size: 59 KB
the cautious seldom err....C
  • #3,937
  • Oct 23, 2018 11:00am Oct 23, 2018 11:00am
this pair did hit my target
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM15.png Size: 56 KB
the cautious seldom err....C
  • #3,938
  • Oct 23, 2018 9:17pm Oct 23, 2018 9:17pm
Huge loss yesterday, I paid for keeping no SL.
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  • #3,939
  • Oct 24, 2018 1:45am Oct 24, 2018 1:45am
Opened trading in Asian session

Total 40 pips
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Click to Enlarge Name: Image1.png Size: 29 KB
  • #3,940
  • Oct 24, 2018 2:06am Oct 24, 2018 2:06am
Quoting pundit78
Huge loss yesterday, I paid for keeping no SL. {image}
Please take a look at the big picture.
In the H4 you had a candle with a Long tail.
Location: It was in a great resistance.The condition of breaking the resistance is the price of it and closing the curtain behind the resistance and continuing to move in the direction at H4
m15: see double top pattern for exit with a low loss.
Persian Gulf forever
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