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A very simple system - trade with arrow

  • #5,221
  • Mar 14, 2019 5:08am Mar 14, 2019 5:08am
could have done better,,anyway ,my first dose of morning pips
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the cautious seldom err....C
  • #5,222
  • Mar 14, 2019 5:19am Mar 14, 2019 5:19am
Quoting pips29
could have done better,,anyway ,my first dose of morning pips {image}
Hi, You opened a short even though the price was above the 1h ema34? Or you donīt look at it when youīre trading on the 5m timeframe?
  • #5,223
  • Mar 14, 2019 5:46am Mar 14, 2019 5:46am
Quoting nbelchior
{quote} Hi, You opened a short even though the price was above the 1h ema34? Or you donīt look at it when youīre trading on the 5m timeframe?
trade the tf you are on and just be aware that price might find s/r at the 34 ema...if there is enough room to trade towards the 34 ema on the tf higher than the one you are on and if there is a set up, I see no reason why you should not take the trade..
the cautious seldom err....C
  • #5,224
  • Mar 14, 2019 5:55am Mar 14, 2019 5:55am
Quoting pips29
{quote} trade the tf you are on and just be aware that price might find s/r at the 34 ema...if there is enough room to trade towards the 34 ema on the tf higher than the one you are on and if there is a set up, I see no reason why you should not take the trade..
ok iīm just trying to understand the all process behind this system, With your explanation i already understood your trading style and i already understood the trading style of Foolsgame. I identify myself more with your trading style. Thanks mate
  • #5,225
  • Mar 14, 2019 5:57am Mar 14, 2019 5:57am
GD all. I trade today EA.+ 25p ,+30p taken
33% left
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1 see confirmation till the end 2. set SL and never cancel it
  • #5,226
  • Mar 14, 2019 6:13am Mar 14, 2019 6:13am
Quoting nbelchior
{quote} ok iīm just trying to understand the all process behind this system, With your explanation i already understood your trading style and i already understood the trading style of Foolsgame. I identify myself more with your trading style. Thanks mate
Glad to be of help..care to show some trades?
the cautious seldom err....C
  • #5,227
  • Mar 14, 2019 6:25am Mar 14, 2019 6:25am
took the long as soon as price moved up above the 34 ema,,,did not work out as I like it to be,,anyhow I managed to take some green pips
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the cautious seldom err....C
  • #5,228
  • Mar 14, 2019 6:32am Mar 14, 2019 6:32am
Quoting pips29
{quote} Glad to be of help..care to show some trades?
Yes of course, here it is the very first trades i took with this system. Although i trade the BBMA system, i want something else that i can trade "intraday". I think this system is very solid and very simple to trade.
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  • #5,229
  • Mar 14, 2019 6:38am Mar 14, 2019 6:38am
yeserday EU trade..
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Do it like a Fool
  • #5,230
  • Mar 14, 2019 6:44am Mar 14, 2019 6:44am
Another trade i took. I entered a little late but i managed to gain some pips.
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  • #5,231
  • Mar 14, 2019 6:46am Mar 14, 2019 6:46am
Quoting Foolsgame
yeserday EU trade.. {image}
Hi!

You went long only when the price was above the PP, 1h ema34, 4h ema34 and the cci above 50 right?
  • #5,232
  • Mar 14, 2019 6:50am Mar 14, 2019 6:50am
Quoting nbelchior
{quote} Yes of course, here it is the very first trades i took with this system. Although i trade the BBMA system, i want something else that i can trade "intraday". I think this system is very solid and very simple to trade. {image}{image}
you grasp the "essence" of the method very quickly and if you are not greedy, then winners can go as high as 90% and above, btw is this BBMA method the double bollinger method by Kathy
the cautious seldom err....C
  • #5,233
  • Mar 14, 2019 7:00am Mar 14, 2019 7:00am
when price is stuck in between the 2 ema on H1 taking a trade is tricky ..you have to use more brain power, it's better to look for other trades if you are not too experienced
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the cautious seldom err....C
  • #5,234
  • Mar 14, 2019 7:03am Mar 14, 2019 7:03am
Quoting pips29
{quote} you grasp the "essence" of the method very quickly and if you are not greedy, then winners can go as high as 90% and above, btw is this BBMA method the double bollinger method by Kathy
yes i agree, i have to manage the trades in order to gain some pips and not to be greedy. Iīm used to set my take profit to 120 pips on the BBMA system. I dont know what is the double bollinger by kathy. I found this BBMA method accidentally on instagram. If you look there, youīll find it. If traded by the rules, you get a bunch of pips... but it doesnt work on scalping mode. Thatīs why this system works very very well to scalping some pips!
  • #5,235
  • Mar 14, 2019 7:05am Mar 14, 2019 7:05am
I took this using M1, it's locked in at b/e now
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the cautious seldom err....C
  • #5,236
  • Mar 14, 2019 7:29am Mar 14, 2019 7:29am
Quoting nbelchior
{quote} Hi! You went long only when the price was above the PP, 1h ema34, 4h ema34 and the cci above 50 right?
yea. im not that type of "smart" trader. thats why i set my rules.
Do it like a Fool
  • #5,237
  • Mar 14, 2019 7:40am Mar 14, 2019 7:40am
Quoting Foolsgame
{quote} yea. im not that type of "smart" trader. thats why i set my rules.
thanks. I think following all this system rules like you do, we are risking less, wich is better than taking more risks in taking trades against the trend for example. Ok, i saw the 2 ways of the coin. Risking more without following all the rules and risking less following all the rules. If we consider today, if we went against the trend, we got some pips but itīs a dangerous aproach because the market is reversing again to the direction of the trend.
  • #5,238
  • Mar 14, 2019 9:57am Mar 14, 2019 9:57am
looks like $ is having a hard time going higher ..selling ucad might not be a bad idea
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the cautious seldom err....C
  • #5,239
  • Mar 14, 2019 11:09am Mar 14, 2019 11:09am
Another trade UJ +20p

also I'm in short au with some DD.. let's see
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1 see confirmation till the end 2. set SL and never cancel it
  • #5,240
  • Mar 14, 2019 11:19am Mar 14, 2019 11:19am
I was playing the rejection of the 34 ema on H1...was in some dd but worked out in the end
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the cautious seldom err....C
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