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A very simple system - trade with arrow

  • #4,981
  • Feb 14, 2019 10:00am Feb 14, 2019 10:00am
kicked out with 1 pip...
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the cautious seldom err....C
  • #4,982
  • Feb 14, 2019 10:06am Feb 14, 2019 10:06am
Hi pips,

thanks for all the posts on trade setups, it really helps newbies like me see the logic that goes behind selecting good setups. I am curious when you close partial positions, are you just using the mt4 interface or some other sort of EA to help manage your trades?
  • #4,983
  • Edited 10:21am Feb 14, 2019 10:09am | Edited 10:21am
Quoting feichkop
Hi pips, thanks for all the posts on trade setups, it really helps newbies like me see the logic that goes behind selecting good setups. I am curious when you close partial positions, are you just using the mt4 interface or some other sort of EA to help manage your trades?
Everything I do is manually done feichkop..not trading today? The trades I do are all live as and when they happen..Please do not copy blindly..you have to understand why? EDit: I don't know how experienced you are in forex trading but in any case, trade away from the daily pivot ,it puts your trade favorably towards the winning side just by doing this simple process..when you have familarised with this method then you can trade towards the daily pivot with the 10/34 ema set up..It's all about putting things in your favor for a winning trade but I must stress it's not guaranteed , at least you tried
the cautious seldom err....C
  • #4,984
  • Feb 14, 2019 1:20pm Feb 14, 2019 1:20pm
Quoting pips29
{quote} Everything I do is manually done feichkop..not trading today? The trades I do are all live as and when they happen..Please do not copy blindly..you have to understand why? EDit: I don't know how experienced you are in forex trading but in any case, trade away from the daily pivot ,it puts your trade favorably towards the winning side just by doing this simple process..when you have familarised with this method then you can trade towards the daily pivot with the 10/34 ema set up..It's all about putting things in your favor for a winning trade...
Ok, thanks for the info. I have been trading part time for about 3 years now (just micro lots on live account for learning), I have a full time job which limits my time to watch the charts. And yes, I know better than to follow others trades blindly. What I meant was it helps to study the trades you take and compare to how I would have analyzed the same chart to compare. Thanks again.
  • #4,985
  • Feb 14, 2019 5:28pm Feb 14, 2019 5:28pm
I have just taken this trade..the 200 ema would be a nice target but as I will not be able to monitor the trade I will go for a lower target and I chose the 34 ema..will be going to zzzzzz soon
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the cautious seldom err....C
  • #4,986
  • Feb 14, 2019 5:36pm Feb 14, 2019 5:36pm
Quoting feichkop
{quote} Ok, thanks for the info. I have been trading part time for about 3 years now (just micro lots on live account for learning), I have a full time job which limits my time to watch the charts. And yes, I know better than to follow others trades blindly. What I meant was it helps to study the trades you take and compare to how I would have analyzed the same chart to compare. Thanks again.
Since you are engaged with FT employment you might like to trade the higher tf say H4 or daily....M5/M15 tf require your full attention (perhaps 2-3 hours continually) and if you can't do that then you are disadvantaged...just my 2 penny
the cautious seldom err....C
  • #4,987
  • Feb 14, 2019 5:40pm Feb 14, 2019 5:40pm
Quoting pips29
there was 30 pips from my entry to the spike low and if the platform did not freeze I would have taken at least 20 odd pips {image}
I managed to scale 40% off for some pips..Trade is now locked in at b/e
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the cautious seldom err....C
  • #4,988
  • Feb 15, 2019 3:29am Feb 15, 2019 3:29am
Quoting pips29
{quote} I managed to scale 40% off for some pips..Trade is now locked in at b/e {image}
the remainder ended in decent profit
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the cautious seldom err....C
  • #4,989
  • Feb 15, 2019 4:04am Feb 15, 2019 4:04am
I moved my stop to b/e this morning and was just stopped out
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the cautious seldom err....C
  • #4,990
  • Feb 15, 2019 4:08am Feb 15, 2019 4:08am
I hedged this pair as price was about to close on H1 ,because price was trading below the 34 ema..let's see..I seldom hedged and pretty bad at this manoevre
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the cautious seldom err....C
  • #4,991
  • Edited 5:46am Feb 15, 2019 4:26am | Edited 5:46am
gone long EDit: stopped out ,,my first loss of the week, guess it had to happen
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the cautious seldom err....C
  • #4,992
  • Feb 15, 2019 4:29am Feb 15, 2019 4:29am
gone short
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the cautious seldom err....C
  • #4,993
  • Feb 15, 2019 4:52am Feb 15, 2019 4:52am
+20 pips

≧◠‿◠≦✌
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  • #4,994
  • Feb 15, 2019 7:30am Feb 15, 2019 7:30am
not much trade this week.... second trade of the week only. got myself back to green pips for the week
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Do it like a Fool
  • #4,995
  • Feb 15, 2019 8:48am Feb 15, 2019 8:48am
I was busy today.. First trade. short GC
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1 see confirmation till the end 2. set SL and never cancel it
  • #4,996
  • Feb 15, 2019 9:40am Feb 15, 2019 9:40am
USDCHF

\ (•◡•) /
\ (•◡•) /
\ (•◡•) /

scalp only
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  • #4,997
  • Feb 15, 2019 10:19am Feb 15, 2019 10:19am
took my revenge on cable after my loss with gaud....got back many more....first two were longs, second was short and third and final long with bigger size
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the cautious seldom err....C
  • #4,998
  • Feb 15, 2019 1:22pm Feb 15, 2019 1:22pm
closing the weekend off with a "dragon" scalp...see you guys next week..
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the cautious seldom err....C
  • #4,999
  • Feb 18, 2019 2:15am Feb 18, 2019 2:15am
Long UJ at asian session.

IMO, there's nothing to trade proper pairs for now.
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1 see confirmation till the end 2. set SL and never cancel it
  • #5,000
  • Feb 18, 2019 4:59am Feb 18, 2019 4:59am
First trade of the week and taking some profits out is important to me emotionally..Trade is locked in at b/e
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the cautious seldom err....C
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