A very simple system - trade with arrow | Page 293 | Forex Factory

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A very simple system - trade with arrow

  • #5,841
  • Dec 2, 2019 9:14am Dec 2, 2019 9:14am
Quoting pips29
just gone short ..let's see {image}
After taking this trade I left the house and got back in time for US data...it went my way and I took profits
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 62 KB
the cautious seldom err....C
  • #5,842
  • Dec 2, 2019 9:30am Dec 2, 2019 9:30am
the kiwi has gone mad today and it's a beautiful upward trend if you have caught it...there were a few entries you could have made using M5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 60 KB
Click to Enlarge Name: NZDUSDM5.png Size: 54 KB
the cautious seldom err....C
  • #5,843
  • Dec 2, 2019 9:36am Dec 2, 2019 9:36am
you can see why trading away from the pivot makes sense, I hope...Edit: I have added some info concerning this chart...you will notice the high printed during Asia session was never threatened when LO and when NY open price just continue down...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHFM5.png Size: 57 KB
Click to Enlarge Name: GBPCHFM5a.png Size: 59 KB
the cautious seldom err....C
  • #5,844
  • Dec 2, 2019 9:55am Dec 2, 2019 9:55am
If you had traded away from the pivot and with the move down you would have made some decent profits. When price reaches the the extreme at 3rd S/R I tend to look if a retracement is possible..if you can't see rejection at this level, then price will move further down in this case
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM5.png Size: 54 KB
the cautious seldom err....C
  • #5,845
  • Dec 2, 2019 9:58am Dec 2, 2019 9:58am
this short missed my target earlier EDit: out
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 59 KB
the cautious seldom err....C
  • #5,846
  • Dec 2, 2019 10:09am Dec 2, 2019 10:09am
this pair rejected the pivot twice and then moved up away from that level..that's why I recommend you trade away from the pivot until you become an expert and then with pa you can trade towards the pivot..before doing that master trading away
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 59 KB
the cautious seldom err....C
  • #5,847
  • Dec 2, 2019 10:13am Dec 2, 2019 10:13am
Quoting pips29
If you had traded away from the pivot and with the move down you would have made some decent profits. When price reaches the the extreme at 3rd S/R I tend to look if a retracement is possible..if you can't see rejection at this level, then price will move further down in this case {image}
no rejection ,so expect price going lower
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM5a.png Size: 54 KB
the cautious seldom err....C
  • #5,848
  • Dec 2, 2019 10:18am Dec 2, 2019 10:18am
no advanced trading with my method,just simple abc trading, you just need your eyes and trade what you see and not at what's behind the computer..leave that to the gurus..never try to predict the data, they are all manipulated and even if they are not the big boys already have the data way much earlier..l
the cautious seldom err....C
  • #5,849
  • Dec 2, 2019 10:31am Dec 2, 2019 10:31am
this pair has also breached the 3rd R...do you see any sign of rejection...I would like a shooting star on this tf or H1 to take a short but my entry must be in line with what I see on M5
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 67 KB
the cautious seldom err....C
  • #5,850
  • Dec 2, 2019 11:45am Dec 2, 2019 11:45am
a CT trade with pa..rejection of the low of daily range and a HL printed..in line with the trend on M5 I took a long..will put it at b/e soon
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM5.png Size: 60 KB
the cautious seldom err....C
  • #5,851
  • Dec 2, 2019 11:48am Dec 2, 2019 11:48am
Quoting pips29
this pair has also breached the 3rd R...do you see any sign of rejection...I would like a shooting star on this tf or H1 to take a short but my entry must be in line with what I see on M5 {image}
took the sell on H1...will lock in at b/e soon...another CT trade..logging off now
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1a.png Size: 67 KB
the cautious seldom err....C
  • #5,852
  • Dec 2, 2019 2:49pm Dec 2, 2019 2:49pm
Quoting pips29
{quote} After taking this trade I left the house and got back in time for US data...it went my way and I took profits {image}
so you didn't take in account that the main direction was up, h1and h4

i took it about 15 min later and really bad
  • #5,853
  • Dec 2, 2019 3:43pm Dec 2, 2019 3:43pm
Quoting fabio.g
{quote} so you didn't take in account that the main direction was up, h1and h4 i took it about 15 min later and really bad
I have no idea when and where you took the trade. Please be specific if you want to learn. Just go to history and drag the trade in order I can see. I have mentioned this before,I.e no chart no talk
the cautious seldom err....C
  • #5,854
  • Dec 3, 2019 12:47am Dec 3, 2019 12:47am
Quoting pips29
{quote} I have no idea when and where you took the trade. Please be specific if you want to learn. Just go to history and drag the trade in order I can see. I have mentioned this before,I.e no chart no talk
post #5833 the usdjpy
  • #5,855
  • Dec 3, 2019 3:48am Dec 3, 2019 3:48am
just taken..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 66 KB
the cautious seldom err....C
  • #5,856
  • Dec 3, 2019 3:55am Dec 3, 2019 3:55am
just taken my 2nd trade...stop is much smaller than gnzd, hence I place bigger size..as soon as I post it I find myself 9 pips down
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM5.png Size: 62 KB
the cautious seldom err....C
  • #5,857
  • Dec 3, 2019 4:01am Dec 3, 2019 4:01am
a slightly longer term play which took 5 days to put me in the green..was caught with some dd initially
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 70 KB
the cautious seldom err....C
  • #5,858
  • Dec 3, 2019 4:24am Dec 3, 2019 4:24am
Quoting pips29
just taken.. {image}
stopped out -35
also out of gchf +4
the cautious seldom err....C
  • #5,859
  • Dec 3, 2019 5:07am Dec 3, 2019 5:07am
Treade with trend
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDbM15.png Size: 81 KB
Persian Gulf forever
  • #5,860
  • Dec 3, 2019 5:27am Dec 3, 2019 5:27am
a favourite of mine...hope to recover my loss earlier with this trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 56 KB
the cautious seldom err....C
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