A very simple system - trade with arrow | Page 219 | Forex Factory

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A very simple system - trade with arrow

  • #4,361
  • Nov 9, 2018 7:26am Nov 9, 2018 7:26am
Quoting Foolsgame
{quote} thanks. im not trading nect week. travelling =)
very slow market today..let's see if we get some action after US hin (PPI)
the cautious seldom err....C
  • #4,362
  • Nov 9, 2018 11:42am Nov 9, 2018 11:42am
Quoting pips29
my bearish bias on this pair is strong as it's also backed up by pa on H4...let's see {image}
I am leaving some for target and already locked in with some green pips..My bearish bias on H4 proved to be correct...have a nice weekend
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 57 KB
the cautious seldom err....C
  • #4,363
  • Nov 10, 2018 12:47pm Nov 10, 2018 12:47pm
price has closed back above the previous swing low and I , therefore ,will wait for the next candle to form before embarking on a trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 59 KB
the cautious seldom err....C
  • #4,364
  • Nov 10, 2018 12:50pm Nov 10, 2018 12:50pm
Barring any unforeseen events this should be going down in the immediate term. The line in the sand for me is 1.3050..Price closed below this level
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 57 KB
the cautious seldom err....C
  • #4,365
  • Nov 10, 2018 12:58pm Nov 10, 2018 12:58pm
There are a few more sterling pairs to consider and I reckon we will get some nice trading set ups following the trend on the 10/34 ema come Monday..I advise you to do some homework before trading resumes and be prepared to take advantage of the situation when it's presented to you..Do not chase the market, if you do it's a sign of lack of preparation. Be prepared, stand firm and steady when we go to the battlefield.
the cautious seldom err....C
  • #4,366
  • Edited 3:32am Nov 12, 2018 1:27am | Edited 3:32am
Gap opening on GBPAUD, booked trade taken on Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 35 KB
  • #4,367
  • Nov 12, 2018 1:29am Nov 12, 2018 1:29am
Booked 50% on GBPJPY morning trade, rest SL moved to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 30 KB
  • #4,368
  • Nov 12, 2018 2:16am Nov 12, 2018 2:16am
Closed all positions of GBPJPY.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB
  • #4,369
  • Nov 12, 2018 3:40am Nov 12, 2018 3:40am
Quoting pundit78
Booked 50% on GBPJPY morning trade, rest SL moved to BE. {image}
good trade with the dragon. I would have taken similar entry if I wasn't sleeping..anyway I have a few other sterling pairs on my shortlist for short but the best entry happened during Asia session..I stated not to chase and for those who waited for the retracement from gap opening and traded the 10/34 ema set up , you must be grinning now. Btw have anyone traded eur/usd..a nice set up too and easily 50+ pips gain
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 55 KB
the cautious seldom err....C
  • #4,370
  • Nov 12, 2018 3:48am Nov 12, 2018 3:48am
these are the levels on my charts..you have to do these exercises during the weekend. I'm not going to post these next time. You must do some work if you want to be prepared and by being prepared you enhance your chances of success
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 59 KB
Click to Enlarge Name: GBPNZDDaily.png Size: 72 KB
Click to Enlarge Name: GBPJPYDaily.png Size: 64 KB
Click to Enlarge Name: GBPCADDaily.png Size: 61 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 61 KB
the cautious seldom err....C
  • #4,371
  • Nov 12, 2018 4:38am Nov 12, 2018 4:38am
Quoting pips29
{quote} good trade with the dragon. I would have taken similar entry if I wasn't sleeping..anyway I have a few other sterling pairs on my shortlist for short but the best entry happened during Asia session..I stated not to chase and for those who waited for the retracement from gap opening and traded the 10/34 ema set up , you must be grinning now. Btw have anyone traded eur/usd..a nice set up too and easily 50+ pips gain {image}
Thanks Pips29, yes EurUsd was a nice setup but observed this setup late so could not take it.
  • #4,372
  • Nov 12, 2018 4:48am Nov 12, 2018 4:48am
Quoting pips29
these are the levels on my charts..you have to do these exercises during the weekend. I'm not going to post these next time. You must do some work if you want to be prepared and by being prepared you enhance your chances of success {image} {image} {image} {image} {image}

Still I need to practice more on drawing these levels, will practice it more and try to post it here.
  • #4,373
  • Nov 12, 2018 6:15am Nov 12, 2018 6:15am
Quoting pundit78
{quote} Still I need to practice more on drawing these levels, will practice it more and try to post it here.
yes, the more you practise the better you get, so keep doing it..With levels marked on the charts you can scan trades quickly and accurately as well
the cautious seldom err....C
  • #4,374
  • Nov 12, 2018 6:39am Nov 12, 2018 6:39am
My trade this morning and my first dose of green pips..I have decided to move my target lower and locked in the balance at b/e+
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM15.png Size: 57 KB
the cautious seldom err....C
  • #4,375
  • Nov 12, 2018 6:52am Nov 12, 2018 6:52am
I have decided to close the trade and leave some pips for others,,ha,ha
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM15.png Size: 56 KB
the cautious seldom err....C
  • #4,376
  • Nov 12, 2018 8:05am Nov 12, 2018 8:05am
I guess I was lucky..just after taking another portion out I locked in the trade at b/e+ ,,so far so good, 2 trades 2 wins
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 56 KB
the cautious seldom err....C
  • #4,377
  • Nov 12, 2018 8:07am Nov 12, 2018 8:07am
got another trade going but it's moving like a snail..anyway I have locked in at b/e+ after taking 20% off
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM15.png Size: 64 KB
the cautious seldom err....C
  • #4,378
  • Nov 12, 2018 8:46am Nov 12, 2018 8:46am
Quoting pips29
I guess I was lucky..just after taking another portion out I locked in the trade at b/e+ ,,so far so good, 2 trades 2 wins {image}
my SL taken.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB
  • #4,379
  • Nov 12, 2018 8:51am Nov 12, 2018 8:51am
Quoting pundit78
{quote} my SL taken. {image}
you should lock in at b/e whenever you can when trading sterling..it will be the most volatile currency this week
the cautious seldom err....C
  • #4,380
  • Nov 12, 2018 8:55am Nov 12, 2018 8:55am
I hardly trade this pair but after looking at another thread where most of the traders were going long or went long and suggested going long I pulled out a chart ,took a look and I went short. Trade was taken this morning on the weekly..I am just using TL , S/R and pa mainly and there's no way I'm going long
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.rWeekly.png Size: 77 KB
the cautious seldom err....C
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