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A very simple system - trade with arrow

  • #3,981
  • Oct 24, 2018 7:35am Oct 24, 2018 7:35am
Quoting KORTrader
UJ long At blue round point I had considered early stop(about to 10 34 dead crossover) but left it result in gaining+15p. Now I set SL=BE-5p
looks like you got a good exit there. i'm still holding UJ with stop at BE. see if it survives this current pullback
  • #3,982
  • Oct 24, 2018 7:44am Oct 24, 2018 7:44am
Quoting thirdpillar
{quote} looks like you got a good exit there. i'm still holding UJ with stop at BE. see if it survives this current pullback
I have not moved UJ SL to BE yet, if it retraces from this pullback then I will move it to BE.
  • #3,983
  • Oct 24, 2018 8:19am Oct 24, 2018 8:19am
UJ breakeven
  • #3,984
  • Oct 24, 2018 8:22am Oct 24, 2018 8:22am
I have just taken this trade...I believe there is more room down.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 55 KB
the cautious seldom err....C
  • #3,985
  • Oct 24, 2018 8:25am Oct 24, 2018 8:25am
Quoting pips29
I have just taken this trade...I believe there is more room down. {image}
following BOC?
Do it like a Fool
  • #3,986
  • Oct 24, 2018 8:25am Oct 24, 2018 8:25am
Quoting pundit78
EURGBP short. Now two trades running, Long UJ and short EG. {image}
why trade the 2 weakest currencies against each other
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 60 KB
the cautious seldom err....C
  • #3,987
  • Oct 24, 2018 8:27am Oct 24, 2018 8:27am
applies to every pair ....
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYM15.png Size: 82 KB
Do it like a Fool
  • #3,988
  • Oct 24, 2018 8:27am Oct 24, 2018 8:27am
Quoting pips29
I have just taken this trade...I believe there is more room down. {image}
Although I am not in any GBPCAD trade as of now but I won't short at this point, what is your SL?
  • #3,989
  • Oct 24, 2018 8:28am Oct 24, 2018 8:28am
Quoting Foolsgame
{quote} following BOC?
I have to leave the house latest 10 mins after the announcement...if price moves favourably from now I might get off before if not just after
the cautious seldom err....C
  • #3,990
  • Oct 24, 2018 8:29am Oct 24, 2018 8:29am
Quoting pips29
{quote} why trade the 2 weakest currencies against each other {image}
I hardly pay attention to currency strength, I think when conditions are favorable strength automatically change, let see.
  • #3,991
  • Oct 24, 2018 8:32am Oct 24, 2018 8:32am
Quoting pundit78
{quote} Although I am not in any GBPCAD trade as of now but I won't short at this point, what is your SL?
I am monitoring the trade so not going to put a stop before announcement. I believe I mentioned before I remove stops before red data announcement as you don't want to be caught in a spike...so this might spike up and then down to my target. Target is there but not stop
the cautious seldom err....C
  • #3,992
  • Oct 24, 2018 8:34am Oct 24, 2018 8:34am
look at the loonie,aussie and kiwi.. they are trading in a very tight range waiting for BoC announcement..you will see all 3 will break out of the range near or after the announcement
the cautious seldom err....C
  • #3,993
  • Oct 24, 2018 8:42am Oct 24, 2018 8:42am
update #post 1 with new template (v1.01)

Add on
+ currency strength meter

Changes
* take off Daily open line
*M30 34ema line
* 200 ema in 15 minutes
* thicken adr high & low line
* change pivot line colour
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 65 KB
Do it like a Fool
  • #3,994
  • Oct 24, 2018 8:44am Oct 24, 2018 8:44am
Quoting pips29
look at the loonie,aussie and kiwi.. they are trading in a very tight range waiting for BoC announcement..you will see all 3 will break out of the range near or after the announcement
waiting at the sideline...
Do it like a Fool
  • #3,995
  • Oct 24, 2018 8:45am Oct 24, 2018 8:45am
here's my first target with another lower when price break the 1st level. I am not sure I can wait as I have to leave the house 5-10 mins after the announcement but I hope to scale out and locked in at b/e before leaving..moreover the broker might drop my internet connection and I will resort to using the mobile and hopefully that is functional
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADDaily.png Size: 58 KB
the cautious seldom err....C
  • #3,996
  • Oct 24, 2018 8:47am Oct 24, 2018 8:47am
Quoting Foolsgame
update #post 1 with new template (v1.01) Add on + currency strength meter Changes * take off Daily open line *M30 34ema line * 200 ema in 15 minutes * thicken adr high & low line * change pivot line colour {image}
change the rainbow colour to blue =up
the cautious seldom err....C
  • #3,997
  • Oct 24, 2018 8:51am Oct 24, 2018 8:51am
Quoting pips29
{quote} change the rainbow colour to blue =up
job's done
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 65 KB
Do it like a Fool
  • #3,998
  • Oct 24, 2018 8:58am Oct 24, 2018 8:58am
Quoting pundit78
{quote} I have not moved UJ SL to BE yet, if it retraces from this pullback then I will move it to BE.
UJ not lookig promising now, closed at BE.
  • #3,999
  • Oct 24, 2018 9:01am Oct 24, 2018 9:01am
Quoting pips29
look at the loonie,aussie and kiwi.. they are trading in a very tight range waiting for BoC announcement..you will see all 3 will break out of the range near or after the announcement
Closed EG, yes its stuck in a range.

PS : GBPCAD looking good on daily. I am going short with you.

Edit - By writing this post it already moved down..

Went short at 1.6861, a bit late.
  • #4,000
  • Oct 24, 2018 9:04am Oct 24, 2018 9:04am
guys, I have to leave now ,taken some out of gcad and locked in at b/e all done using the mobile..I lost internet connection with the broker with the laptop...green pips bbl
the cautious seldom err....C
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