A very simple system - trade with arrow | Page 312 | Forex Factory

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A very simple system - trade with arrow

  • #6,221
  • Jan 17, 2020 6:35am Jan 17, 2020 6:35am
Quoting tuxTrader
{quote} it's a nice indicator, but be careful it has repaint sometimes...
I have not noticed that..are you stating that it repaints before the candle closes, that's why most traders will trade after the candle has closed...once the candle has closed I don't think it repaints..
the cautious seldom err....C
  • #6,222
  • Jan 17, 2020 6:45am Jan 17, 2020 6:45am
sorry, you can share these indicators
Attached Image (click to enlarge)
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  • #6,223
  • Jan 17, 2020 6:45am Jan 17, 2020 6:45am
Quoting pips29
{quote} I have not noticed that..are you stating that it repaints before the candle closes, that's why most traders will trade after the candle has closed...once the candle has closed I don't think it repaints..
yes my intention was higher timeframe values of cci. what's your opinion about using higher periods of M5 cci instead of higher TF of cci ? like this:

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  • #6,224
  • Jan 17, 2020 8:48am Jan 17, 2020 8:48am
Quoting Duggerss
sorry, you can share these indicators {image}
I guess you are looking for the pips counter..here it is
Attached File(s)
File Type: ex4 pipsometer_5_decimal.ex4   13 KB | 590 downloads
the cautious seldom err....C
  • #6,225
  • Jan 17, 2020 8:52am Jan 17, 2020 8:52am
Quoting tuxTrader
{quote} yes my intention was higher timeframe values of cci. what's your opinion about using higher periods of M5 cci instead of higher TF of cci ? like this: {image}
I am only interested in a multi time frame and not higher values
the cautious seldom err....C
  • #6,226
  • Jan 17, 2020 9:53am Jan 17, 2020 9:53am
Quoting pips29
Both eurusd and euryen were very straight forward and my method lines up very nicely for short entries..how did I miss these entries? {image} {image}
I think I read somewhere in your past posts that you didn't trade the EURUSD because it doesn't normally have big enough moves.
Are you only trading 5min charts now?
  • #6,227
  • Jan 17, 2020 10:13am Jan 17, 2020 10:13am
My First trade today, woke up late.
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  • #6,228
  • Jan 17, 2020 11:08am Jan 17, 2020 11:08am
Quoting TexasPippin
My First trade today, woke up late. {image}
It was already 4 pm when you took this trade..you do love your sleep like me..yes, you are correct the eurusd pair is not one I trade nowadays..there are many other pairs you can trade with a wider adr
the cautious seldom err....C
  • #6,229
  • Jan 17, 2020 11:29am Jan 17, 2020 11:29am
Hi all!
I am trying the system but I have the following problem with ffcal. can someone help me?
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I am trying the system but I have the following problem with ffcal. can someone help me?
  • #6,230
  • Jan 17, 2020 12:38pm Jan 17, 2020 12:38pm
Quoting pips29
{quote} 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...
I looked for picture you need and I found it
https://www.forexfactory.com/attachm...1&d=1554336791
  • #6,231
  • Jan 17, 2020 12:41pm Jan 17, 2020 12:41pm
Quoting pips29
{quote} 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).
if you say Id be in drowdown and not stoped by stoploss this means your stoploss would not be under E bars
you would put stoploss under last higherlow you marked on chart before E bars?
  • #6,232
  • Jan 17, 2020 1:20pm Jan 17, 2020 1:20pm
Two live trades from me today
EURNZD - Fail
EURGBP = Success

@Pips, my entry in EURNZD seems good. Do you see any reasons why it was failed.

Thanks
tnm
Attached Image(s) (click to enlarge)
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  • #6,233
  • Jan 17, 2020 1:37pm Jan 17, 2020 1:37pm
Quoting forexdg
{quote} if you say Id be in drowdown and not stoped by stoploss this means your stoploss would not be under E bars you would put stoploss under last higherlow you marked on chart before E bars?
Yes, that's where the stop would be
the cautious seldom err....C
  • #6,234
  • Jan 17, 2020 2:15pm Jan 17, 2020 2:15pm
Quoting Tnm
Two live trades from me today EURNZD - Fail EURGBP = Success @Pips, my entry in EURNZD seems good. Do you see any reasons why it was failed. Thanks tnm {image} {image}
You are banging on a break of the previous day low and also you are more or less trading LO which I don't . I am not able to give you a good answer as I do not trade the LO..I normally trade after the first hour of LO and preferably after the 4 hour candle has formed which on my platform means 2 hours after LO...sorry
the cautious seldom err....C
  • #6,235
  • Jan 17, 2020 2:37pm Jan 17, 2020 2:37pm
Quoting pips29
{quote} You are banging on a break of the previous day low and also you are more or less trading LO which I don't . I am not able to give you a good answer as I do not trade the LO..I normally trade after the first hour of LO and preferably after the 4 hour candle has formed which on my platform means 2 hours after LO...sorry
. Thanks Pips for your time. Really appreciate it

tnm
  • #6,236
  • Jan 17, 2020 4:32pm Jan 17, 2020 4:32pm
Quoting pips29
{quote} 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
I found the picture you look
its in my post 6230
but I think you missed the post
  • #6,237
  • Jan 17, 2020 5:01pm Jan 17, 2020 5:01pm
Quoting forexdg
{quote} I found the picture you look its in my post 6230 but I think you missed the post
Here's the picture where I marked yellow for a short which will work out even though the primary trend is up but be aware that the move counter trend with the htf trend will always be small so don't expect bumper pips But had you gone with the htf the harvest will be bountiful...had you gone long with the htf and taken an entry long where I mark in yellow you will have to endure a drawdown before the smaller tf rejoins the htf trend....so you need to time your entry correctly to avoid dd
Attached Image
the cautious seldom err....C
  • #6,238
  • Jan 18, 2020 1:04pm Jan 18, 2020 1:04pm
Quoting pips29
{quote} Here's the picture where I marked yellow for a short which will work out even though the primary trend is up but be aware that the move counter trend with the htf trend will always be small so don't expect bumper pips But had you gone with the htf the harvest will be bountiful...had you gone long with the htf and taken an entry long where I mark in yellow you will have to endure a drawdown before the smaller tf rejoins the htf trend....so you need to time your entry correctly to avoid dd {image}
thank you for explain
I will look more at your trades and try to learn
also from emmanuel and strat
you have a set risk reward?
  • #6,239
  • Jan 20, 2020 6:16am Jan 20, 2020 6:16am
My First Trade here, reached BE
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  • #6,240
  • Jan 20, 2020 6:25am Jan 20, 2020 6:25am
I am leaving the remainder for target lower..60% taken off
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the cautious seldom err....C
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