A very simple system - trade with arrow | Page 311 | Forex Factory

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A very simple system - trade with arrow

  • #6,201
  • Jan 16, 2020 10:08am Jan 16, 2020 10:08am
Quoting pips29
I have left a good amount of pips on the table with gaud I am in an eye hospital since an hour ago ,so no trades
Hope all goes well Pips29, Take care of yourself and hopefully you'll be back making pips soon.
  • #6,202
  • Jan 16, 2020 10:10am Jan 16, 2020 10:10am
Quoting pips29
{quote} What a strange question to ask . To put it simply, get out quickly when you're wrong.That is how you should manage your money
What is strange on money management question?
I do not asking about your broker or bank statement or how much you making.I do not expect you answer question like this,
but MM is very import part of trading.We can have great system,but with bad or poor MM we won't make it.
When people are talking about MM they usually use % per trade. How much they risking per trade or pip etc.
or number of trades per month.

But let me rephrase a question,Let's talk hypothetically.
How would you trade with 10 000,- account? How much would you risk per trade.How many pounds,dollars,euros you would trade per pip.What would be stop loss, etc etc.
Whether you think you can, or you think you can't,you're right. H.F.
  • #6,203
  • Jan 16, 2020 10:14am Jan 16, 2020 10:14am
Quoting carmelina
Hi Pips 29 I have been following this thread for a while and trying to learn how to trade. I like your indicator at the bottom of the screen "pips29". Would you have the indicator file that you could share? Thanking you for all your screenshots. Carmen.
He put that on the previous page, Page 309 and post #6168
  • #6,204
  • Jan 16, 2020 10:23am Jan 16, 2020 10:23am
Quoting Simply-Me
{quote} What is strange on money management question? I do not asking about your broker or bank statement or how much you making.I do not expect you answer question like this, but MM is very import part of trading.We can have great system,but with bad or poor MM we won't make it. When people are talking about MM they usually use % per trade. How much they risking per trade or pip etc. or number of trades per month. But let me rephrase a question,Let's talk hypothetically. How would you trade with 10 000,- account? How much would you risk per trade.How...
I guess you must have read a lot on money management from books and gurus out here . I am not your "normal" trader who makes money with money management
I aim to make money when I enter. Why don't you tell us who make money with money management. Like I said earlier get out quickly when wrong is your best money management
the cautious seldom err....C
  • #6,205
  • Jan 16, 2020 10:27am Jan 16, 2020 10:27am
Quoting TexasPippin
{quote} Hope all goes well Pips29, Take care of yourself and hopefully you'll be back making pips soon.
Thanks TP, just an overdue check up
I actually have made the pips for the day
the cautious seldom err....C
  • #6,206
  • Jan 16, 2020 11:01am Jan 16, 2020 11:01am
Quoting pips29
{quote} I guess you must have read a lot on money management from books and gurus out here . I am not your "normal" trader who makes money with money management I aim to make money when I enter. Why don't you tell us who make money with money management. Like I said earlier get out quickly when wrong is your best money management

It;s ok to say:" I don't want to talk about it", but please do not talk like MM means nothing,Even if you've never red any book about trading,if you are trading,you must have MM.,if you don't have it,you either not trading or ...whatever
Whether you think you can, or you think you can't,you're right. H.F.
  • #6,207
  • Jan 17, 2020 1:56am Jan 17, 2020 1:56am
Quoting pips29
took 2 trades this morning,one is still ongoing and the other hit my target, I meant to move the target higher but got distracted by lady boss at home {image} {image}
hi pips29
can you tell why you go long if price is in downtrend because its made lowerlows and lowerhighs?
its always a trouble for me to know of true direction of market
how you know if direction is up or down? I never understand this and always go wrong
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 65 KB
  • #6,208
  • Jan 17, 2020 3:26am Jan 17, 2020 3:26am
Quoting forexdg
{quote} hi pips29 can you tell why you go long if price is in downtrend because its made lowerlows and lowerhighs? its always a trouble for me to know of true direction of market how you know if direction is up or down? I never understand this and always go wrong {image}
Yes, a very good question which many traders face every day as to the direction to follow, since you asked something relating to entry and exit I will gladly answer. You ask about LL/LH but that is not enough when you don't look at a slightly bigger picture where you miss out on the more significant H/L..Please take a look at my chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 60 KB
the cautious seldom err....C
  • #6,209
  • Jan 17, 2020 5:01am Jan 17, 2020 5:01am
2 trades taken this morning ,which are protected now with some green pips in the bag...best mm I should say...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDJPYM5.png Size: 58 KB
Click to Enlarge Name: NZDCADM5.png Size: 63 KB
the cautious seldom err....C
  • #6,210
  • Jan 17, 2020 5:10am Jan 17, 2020 5:10am
I have actually taken a cable short but moved my stop to b/e too early and was taken out before price hit my target
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 54 KB
the cautious seldom err....C
  • #6,211
  • Jan 17, 2020 5:19am Jan 17, 2020 5:19am
I am satisfied with the haulage from this pair and therefore close it (just under a pip from target)...always good for a Friday
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM5a.png Size: 55 KB
the cautious seldom err....C
  • #6,212
  • Jan 17, 2020 5:21am Jan 17, 2020 5:21am
closing this pair too..I have to say both pairs were never in dd apart from spread
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADM5.png Size: 59 KB
the cautious seldom err....C
  • #6,213
  • Jan 17, 2020 5:33am Jan 17, 2020 5:33am
Both eurusd and euryen were very straight forward and my method lines up very nicely for short entries..how did I miss these entries?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 53 KB
Click to Enlarge Name: EURUSDM5.png Size: 52 KB
the cautious seldom err....C
  • #6,214
  • Jan 17, 2020 5:46am Jan 17, 2020 5:46am
Quoting pips29
{quote} Yes, a very good question which many traders face every day as to the direction to follow, since you asked something relating to entry and exit I will gladly answer. You ask about LL/LH but that is not enough when you don't look at a slightly bigger picture where you miss out on the more significant H/L..Please take a look at my chart {image}
Thanks pips29 for all posts. To your answer ..."slightly bigger picture..." means you only still consider 5 min chart? Your not watching 15 min oder even daily charts?
  • #6,215
  • Jan 17, 2020 5:48am Jan 17, 2020 5:48am
Quoting pips29
{quote} It's a multi time frame cci indicator, you need to set it to 50 and/or 14...I just got it yesterday night and thought I put it on my chart..I have asked for this in my post 4506 and Manuel who happened to be reading the thread asked me if I still want it. I said yes and here it is {file}
it's a nice indicator, but be careful it has repaint sometimes...
  • #6,216
  • Jan 17, 2020 6:02am Jan 17, 2020 6:02am
Quoting pips29
{quote} Yes, a very good question which many traders face every day as to the direction to follow, since you asked something relating to entry and exit I will gladly answer. You ask about LL/LH but that is not enough when you don't look at a slightly bigger picture where you miss out on the more significant H/L..Please take a look at my chart {image}
thank you pips29
I can ask why you dont mark the red higherhigh and higherlow?
also why you didnt entered on the two bars I mark with E? every bar with E would be higherlow in live chart at that live moment
its because of cci you didnt enter at E bars? because it was under 0 value?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 62 KB
  • #6,217
  • Edited 6:46am Jan 17, 2020 6:15am | Edited 6:46am
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 68 KB
  • #6,218
  • Jan 17, 2020 6:22am Jan 17, 2020 6:22am
Quoting kofix11
{quote} Thanks pips29 for all posts. To your answer ..."slightly bigger picture..." means you only still consider 5 min chart? Your not watching 15 min oder even daily charts?
Since I am using the 5 min chart, everything on this chart must show the requirements for a long in this case...price moves from the lowest tf and then gradually you get to see the move on a higher tf..that is why you must be satisfied with the condition in the tf you are using..you can make money on a long even though the trend is down on a htf...I have put up a picture which looks like a Christmas tree(I got that from TMS thread) which shows 3 time frame...that picture tells the whole story about trading,,,you have to know where your entry is looking at the picture..I am too lazy to go back to find this picture..I have also seen it on Strat's thread before..if someone can post this picture I can explain more..difficult to explain without a picture but I guess you know what I mean as you are not a newbie
the cautious seldom err....C
  • #6,219
  • Jan 17, 2020 6:31am Jan 17, 2020 6:31am
Quoting forexdg
{quote} thank you pips29 I can ask why you dont mark the red higherhigh and higherlow? also why you didnt entered on the two bars I mark with E? every bar with E would be higherlow in live chart at that live moment its because of cci you didnt enter at E bars? because it was under 0 value? {image}
you are partly correct concerning the cci14...but as you can see even with your entry marked you will still end up profitable but you will endure a bit of dd..I am always trying to look for as perfect an entry as possible and I have mentioned in several posts before that in order to be profitable you must get the direction correct though your entry is slightly "out" ( too early or slightly late).
the cautious seldom err....C
  • #6,220
  • Jan 17, 2020 6:32am Jan 17, 2020 6:32am
Quoting Duggerss
спасибо pips29 вы можете поделиться этими показателями {image}
sorry I don't understand what you have written
the cautious seldom err....C
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