A very simple system - trade with arrow | Page 307 | Forex Factory

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A very simple system - trade with arrow

  • #6,121
  • Jan 8, 2020 8:22am Jan 8, 2020 8:22am
the high and low of aussie and kiwi are set during Asia session...looks like price will be trading in the range
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 70 KB
the cautious seldom err....C
  • #6,122
  • Jan 8, 2020 8:40am Jan 8, 2020 8:40am
I believe the high has been printed which is about 12 pips away and hence I took this short with a stop just above the high
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM5.png Size: 72 KB
the cautious seldom err....C
  • #6,123
  • Jan 8, 2020 8:41am Jan 8, 2020 8:41am
Quoting pips29
{quote} Oh! then it must be FF...any trade yet?
No trade for me yet
  • #6,124
  • Jan 8, 2020 8:43am Jan 8, 2020 8:43am
however, I set a pending sell as I prefer to wait for confirmation in order to set my stop lower instead of the high
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADM5.png Size: 64 KB
the cautious seldom err....C
  • #6,125
  • Jan 8, 2020 8:56am Jan 8, 2020 8:56am
Quoting pips29
however, I set a pending sell as I prefer to wait for confirmation in order to set my stop lower instead of the high {image}
gone in at a higher level and p/o removed
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADM5.png Size: 65 KB
the cautious seldom err....C
  • #6,126
  • Jan 8, 2020 8:59am Jan 8, 2020 8:59am
This one looks good, but that spread is just nonsense
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Click to Enlarge Name: gbpchf.JPG Size: 226 KB
  • #6,127
  • Jan 8, 2020 9:06am Jan 8, 2020 9:06am
gone long targeting 1.63
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 66 KB
the cautious seldom err....C
  • #6,128
  • Jan 8, 2020 9:17am Jan 8, 2020 9:17am
My first trade today
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURAUDM15_LI.jpg Size: 1.3 MB
  • #6,129
  • Jan 8, 2020 9:24am Jan 8, 2020 9:24am
Quoting TexasPippin
My first trade today {image}
similar trade but I am just 1 candle earlier..will take some off near the 50 level..let's make pips
the cautious seldom err....C
  • #6,130
  • Jan 8, 2020 9:29am Jan 8, 2020 9:29am
I have moved my target lower after taking 60% off and stop moved to b/e
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM15.png Size: 68 KB
the cautious seldom err....C
  • #6,131
  • Jan 8, 2020 10:04am Jan 8, 2020 10:04am
Second trade, risky with the President about to give speech.
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURUSDM15_LI.jpg Size: 1.1 MB
  • #6,132
  • Jan 8, 2020 10:11am Jan 8, 2020 10:11am
Quoting TexasPippin
Second trade, risky with the President about to give speech. {image}
Is he on yet?
the cautious seldom err....C
  • #6,133
  • Jan 8, 2020 10:12am Jan 8, 2020 10:12am
Quoting pips29
{quote} Is he on yet?
not yet, just showing the podium on tv, so any minute i guess
  • #6,134
  • Edited 10:40am Jan 8, 2020 10:18am | Edited 10:40am
Third trade , if the dollar tanks I'm screwed. haha

He's approaching the podium now.

I closed all trades as soon as he started talking, Lost some on the EURAUD trade but made up for it with the other 2. Pips29, did you get out of the EURAUD trade?
Attached Image (click to enlarge)
Click to Enlarge Name: InkedUSDCHFM5_LI.jpg Size: 1.2 MB
  • #6,135
  • Jan 8, 2020 10:44am Jan 8, 2020 10:44am
Here's loss on the first trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 99 KB
  • #6,136
  • Jan 8, 2020 10:46am Jan 8, 2020 10:46am
The other 2 small winners
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 92 KB
Click to Enlarge Name: USDCHFM5.png Size: 94 KB
  • #6,137
  • Edited 11:13am Jan 8, 2020 10:55am | Edited 11:13am
reentered EURUSD, probably last trade of the day for me

Pips29, Id like your feed back on re entering here. I saw the bounce back from the EMA with a strong trend.

Update: Hit my S/L, wish I hadn't now haha Oh well, Ill get back at it tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: InkedEURUSDM15_LI.jpg Size: 1.2 MB
  • #6,138
  • Jan 8, 2020 11:16am Jan 8, 2020 11:16am
[quote=TexasPippin;12693867]reentered EURUSD, probably last trade of the day for me Pips29, Id like your feed back on re entering here. I saw the bounce back from the EMA with a strong trend. {image}[/
I tend to be careful when the adr is reached..I took a loss earlier on e/n voluntarily after finding out my entry was 40 pips below the lower limit. I personally would not take a re-entry short
the cautious seldom err....C
  • #6,139
  • Jan 8, 2020 11:18am Jan 8, 2020 11:18am
Quoting TexasPippin
Third trade , if the dollar tanks I'm screwed. haha He's approaching the podium now. I closed all trades as soon as he started talking, Lost some on the EURAUD trade but made up for it with the other 2. Pips29, did you get out of the EURAUD trade? {image}
I ate the loss..I actually thought his speech was over as it was scheduled at 1.30 pm my time or that he won't be speaking which I read from somewhere
the cautious seldom err....C
  • #6,140
  • Jan 8, 2020 11:28am Jan 8, 2020 11:28am
I have to do some o/t to recover my loss with euraud...this helps
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM5.png Size: 68 KB
the cautious seldom err....C
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