A very simple system - trade with arrow | Page 286 | Forex Factory

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A very simple system - trade with arrow

  • #5,701
  • Aug 14, 2019 5:46am Aug 14, 2019 5:46am
2nd trade (just taken)
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the cautious seldom err....C
  • #5,702
  • Aug 14, 2019 6:51am Aug 14, 2019 6:51am
Quoting pips29
2nd trade (just taken) {image}
trade looking good, taken some off and at b/e+ now, most importantly stress free now
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the cautious seldom err....C
  • #5,703
  • Aug 14, 2019 6:56am Aug 14, 2019 6:56am
taken some off on this trade as well
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the cautious seldom err....C
  • #5,704
  • Aug 14, 2019 8:16am Aug 14, 2019 8:16am
first trade of the afternoon
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the cautious seldom err....C
  • #5,705
  • Aug 14, 2019 10:21am Aug 14, 2019 10:21am
Profit
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Trading has been and always will be, a hard way to make an easy living.
  • #5,706
  • Aug 14, 2019 10:23am Aug 14, 2019 10:23am
Have I made a mistake in this trade?
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Trading has been and always will be, a hard way to make an easy living.
  • #5,707
  • Aug 14, 2019 4:44pm Aug 14, 2019 4:44pm
Quoting Boobligoom
Have I made a mistake in this trade?{image}
The mistake is not trusting what you have drawn as resistence..anyway, I like my s/r as horizontal...you should have waited for a HH to be printed to have a higher probability that the trend is moving up..you did not get that and where your stop was, that was the entry for a short and you would have made some nice pips...never mind, I guess you are confused as you are trading several methods at the same time..my advice is to stick to one method until you are adept at it,then you can experiment with another
the cautious seldom err....C
  • #5,708
  • Aug 14, 2019 6:17pm Aug 14, 2019 6:17pm
Quoting pips29
{quote} The mistake is not trusting what you have drawn as resistence..anyway, I like my s/r as horizontal...you should have waited for a HH to be printed to have a higher probability that the trend is moving up..you did not get that and where your stop was, that was the entry for a short and you would have made some nice pips...never mind, I guess you are confused as you are trading several methods at the same time..my advice is to stick to one method until you are adept at it,then you can experiment with another
For many years I traded rebound from SR and U-turns, divergences. It’s difficult for me to trade in the continuation of the trend. I see divergence and I want to go against the trend. But this system does not take this into account. 7 years ago I made the trend my enemy, as the best minds told me to trade against the crowd. I traded on D1. I managed to earn a little, but I often had a series of big losses trying to catch the knives. Now I have more time to do day trading, since I got leave for the next 3 months). I have to reprogram my brain in order to re-learn how to trade on this system. I have some experience and knowledge in trading, but in this thread I feel like a first grader.)) I am grateful for the help and advice of pips29. Your graphs are very helpful for analyzing and understanding the strategy.
Trading has been and always will be, a hard way to make an easy living.
  • #5,709
  • Aug 14, 2019 10:37pm Aug 14, 2019 10:37pm
Was short USD/CAD, not sure if this could work.

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  • #5,710
  • Aug 15, 2019 3:27am Aug 15, 2019 3:27am
Quoting neothegreat
Was short USD/CAD, not sure if this could work. {image}
me too (not sure if this could work)..but looking at H1/H4 I would not have taken a short yet..good luck
the cautious seldom err....C
  • #5,711
  • Aug 15, 2019 3:31am Aug 15, 2019 3:31am
Quoting Boobligoom
{quote} For many years I traded rebound from SR and U-turns, divergences. It’s difficult for me to trade in the continuation of the trend. I see divergence and I want to go against the trend. But this system does not take this into account. 7 years ago I made the trend my enemy, as the best minds told me to trade against the crowd. I traded on D1. I managed to earn a little, but I often had a series of big losses trying to catch the knives. Now I have more time to do day trading, since I got leave for the next 3 months). I have to reprogram my brain...
I believe most traders go against the trend as they like to pick top and bottom
the cautious seldom err....C
  • #5,712
  • Aug 15, 2019 3:43am Aug 15, 2019 3:43am
Please have your daily pivots on your chart as we trade away from the pivot and not towards it..you get more winners this way..Have a look at H4 to see price structure and the current p.a..to make it easy just look at the cci 50..above 0 ,look for long trades on M15..do the opposite when below 0..you will stay out of trouble when you do this , you will miss out on some pips when trend is changing but we trade when we have an established trend by looking at the cci on H4..follow the set up on M15 pull the trigger and wait for the pips to rain on you
the cautious seldom err....C
  • #5,713
  • Aug 15, 2019 3:49am Aug 15, 2019 3:49am
I have just taken this trade on M30 after the good data from the UK...this trade is also in line with what H4 and H1 is showing...don't believe me..take a look at your charts
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Click to Enlarge Name: EURGBPM30.png Size: 62 KB
the cautious seldom err....C
  • #5,714
  • Aug 15, 2019 3:59am Aug 15, 2019 3:59am
just taken my 2nd trade
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the cautious seldom err....C
  • #5,715
  • Aug 15, 2019 4:04am Aug 15, 2019 4:04am
I have taken 40% off and locked the trade in at b/e...stress free...it can't get any easier
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Click to Enlarge Name: GBPNZDM15.png Size: 53 KB
the cautious seldom err....C
  • #5,716
  • Aug 15, 2019 4:06am Aug 15, 2019 4:06am
this trade is also locked in at b/e ..stress free with some green pips
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Click to Enlarge Name: EURGBPM30.png Size: 63 KB
the cautious seldom err....C
  • #5,717
  • Aug 15, 2019 4:21am Aug 15, 2019 4:21am
target achieved
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the cautious seldom err....C
  • #5,718
  • Aug 15, 2019 4:25am Aug 15, 2019 4:25am
Quoting pips29
this trade is also locked in at b/e ..stress free with some green pips {image}
taken more out and leaving the remainder for target..let;s see
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Click to Enlarge Name: EURGBPM30.png Size: 65 KB
the cautious seldom err....C
  • #5,719
  • Aug 15, 2019 4:55am Aug 15, 2019 4:55am
looks like a bullish move has just started on gcad by looking at H4..on M15 you will see that price is already up by 60 pips from a decent entry earlier..I will wait for price to retest the previous high as marked on my chart for a long if conditions look good for more uptrend
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the cautious seldom err....C
  • #5,720
  • Aug 15, 2019 5:41am Aug 15, 2019 5:41am
Took it today.
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Trading has been and always will be, a hard way to make an easy living.
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