A very simple system - trade with arrow | Page 213 | Forex Factory

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A very simple system - trade with arrow

  • #4,241
  • Nov 1, 2018 10:01pm Nov 1, 2018 10:01pm
I was surfing the forum and came across this system and got interested. Took 2 trades (demo) 1 for GJ and one for GNzd. I would appreciate regardless the outcome whether they were right or wrong, For GJ normally the target would have been the double top, but I knew that 146.70lvl was strong, thus closed that early. The gnzd trade came into profit because of breaking news about china-us trade deal. Please don't focus on the outcome but on the trigger. Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy-m15-fxcm-australia-pty-2.png Size: 176 KB
Click to Enlarge Name: gbpnzd-m15-fxcm-australia-pty-2.png Size: 199 KB
  • #4,242
  • Nov 1, 2018 11:10pm Nov 1, 2018 11:10pm
Quoting forex_dimi
I was surfing the forum and came across this system and got interested. Took 2 trades (demo) 1 for GJ and one for GNzd. I would appreciate regardless the outcome whether they were right or wrong, For GJ normally the target would have been the double top, but I knew that 146.70lvl was strong, thus closed that early. The gnzd trade came into profit because of breaking news about china-us trade deal. Please don't focus on the outcome but on the trigger. Thanks {image} {image}
It seems to me that this is good. I like the first trade more. The second trade in GN would be better if you entered on the red bar, after a rebound from 34ema and pinbar. just my opinion)
Trading has been and always will be, a hard way to make an easy living.
  • #4,243
  • Edited 4:13am Nov 2, 2018 3:58am | Edited 4:13am
Yes I saw the trade for gn, I was too aggressive. Posting 2 more trades for ea and ga. Normally for nfp day there would be no trade, but this is demo learning. The ea trade was pending and was executed when I wasn't in front of the pc. Waiting for your views. (whether they were triggered right or wrong)
Edit EA was wrong because red CCI was above 0?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud-m15-fxcm-australia-pty.png Size: 175 KB
Click to Enlarge Name: gbpaud-m15-fxcm-australia-pty-2.png Size: 201 KB
  • #4,244
  • Nov 2, 2018 4:27am Nov 2, 2018 4:27am
hit my target while I was sleeping
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15.png Size: 65 KB
the cautious seldom err....C
  • #4,245
  • Nov 2, 2018 4:29am Nov 2, 2018 4:29am
just taken
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 55 KB
the cautious seldom err....C
  • #4,246
  • Nov 2, 2018 4:30am Nov 2, 2018 4:30am
Quoting pips29
hit my target while I was sleeping {image}
May I ask the reason for triggering that trade? (just for understanding the system)
  • #4,247
  • Nov 2, 2018 4:53am Nov 2, 2018 4:53am
Quoting forex_dimi
{quote} May I ask the reason for triggering that trade? (just for understanding the system)

My guess: because of the H1 and H4 timeframe pa.

Besides that I see no reasons to take this trade blindly from M15 charts:

1) divergence on CCI
2)price barely broke the yesterdays high
3)price slowing down

Let's see what Pips has to say.
  • #4,248
  • Nov 2, 2018 4:56am Nov 2, 2018 4:56am
If we take a look on the h4, there's decent resistance ahead of us.

Now I'm really willing to see what's behind the trade.
  • #4,249
  • Nov 2, 2018 5:43am Nov 2, 2018 5:43am
hi guys
ok can i take this system to the 4hr and trade as i cant be at home to trade the 15min

cheers Paul
  • #4,250
  • Nov 2, 2018 6:00am Nov 2, 2018 6:00am
Quoting pips29
just taken {image}
Hi Pips are you still long? I have shorted GBPJPY.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 35 KB
  • #4,251
  • Nov 2, 2018 6:42am Nov 2, 2018 6:42am
Quoting pundit78
{quote} Hi Pips are you still long? I have shorted GBPJPY. {image}
I personally wouldn't trade GBPJPY at the moment at all.

-now it's heading towards the Daily PP, which is a no go for me
-in my opinion it could be a bigger retrace in before it heads back North-the question is how big? Most likely would hit my SL


This is my personal opinion. Please correct me if that's total BS
  • #4,252
  • Nov 2, 2018 6:48am Nov 2, 2018 6:48am
im not good as bro pips.... but if you just follow the rules... you can get some postive pips....
Attached Image
Do it like a Fool
  • #4,253
  • Nov 2, 2018 6:56am Nov 2, 2018 6:56am
my trade just now..
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15.png Size: 79 KB
Do it like a Fool
  • #4,254
  • Nov 2, 2018 7:14am Nov 2, 2018 7:14am
getting these two... EN is a CT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 73 KB
Click to Enlarge Name: EURNZDM15.png Size: 68 KB
Do it like a Fool
  • #4,255
  • Nov 2, 2018 7:20am Nov 2, 2018 7:20am
Quoting Foolsgame
my trade just now.. {image}
hi foolsgame can this system be used with the 4hr
i work full time and i cant spend the time looking at 15min charts

cheers Paul
  • #4,256
  • Nov 2, 2018 7:21am Nov 2, 2018 7:21am
Quoting paul72
{quote} hi foolsgame can this system be used with the 4hr i work full time and i cant spend the time looking at 15min charts cheers Paul
i believe the 10/34 ema can work in any TF. just you need to weak yourself to suit it to the TF you want..
Do it like a Fool
  • #4,257
  • Nov 2, 2018 7:29am Nov 2, 2018 7:29am
Quoting paul72
{quote} hi foolsgame can this system be used with the 4hr i work full time and i cant spend the time looking at 15min charts cheers Paul
i have mark all the potential trade.... i did not trade that, but try demo it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 81 KB
Click to Enlarge Name: GBPUSDH4.png Size: 69 KB
Click to Enlarge Name: EURAUDH4.png Size: 70 KB
Do it like a Fool
  • #4,258
  • Nov 2, 2018 8:48am Nov 2, 2018 8:48am
Quoting Foolsgame
{quote} i have mark all the potential trade.... i did not trade that, but try demo it {image} {image} {image}
thanks foolsgame it looks fantastic for swing trading just jumping in at the right time
cheers buddy
  • #4,259
  • Nov 2, 2018 9:04am Nov 2, 2018 9:04am
I fell asleep earlier on and when I get home I will answer your queries. p.a. with the pound has been shitty thus far. I'm in a supermarket atm
the cautious seldom err....C
  • #4,260
  • Nov 2, 2018 9:52am Nov 2, 2018 9:52am
my entries on usdyen was based on htf analysis .Today ,almost all entries hit target .I am left with the 1st entry and will keep it for another week
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 74 KB
the cautious seldom err....C
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