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Looking for simple arrow indicator 0 replies

lets develop a system which is very very simple but effective. 7 replies

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A very simple system - trade with arrow

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  • Post #6,461
  • Quote
  • Jan 30, 2020 3:34pm Jan 30, 2020 3:34pm
  •  forexdg
  • | Joined Nov 2018 | Status: Member | 294 Posts
Quoting pips29
Disliked
{quote} You can easily find out whether your cci50 and cci14 is correct by using the MT4 standard cci provided and then check DR Bob cci...the only reason I use Dr Bob is because I can get both the cci in the same window..with fxcm trade station you are able to do that but not on MT4..I did all this on my own ,without help from anyone else because I'm passionate about trading enough to get me doing things on trial and error..you seem to want everything served to you on a plate
Ignored
not look to be served but I tried hard with your latest template and it still was not work good
I concluded its beter to just ask for help
I still have strengh indicator freeze but I will see myself how I will fix
I taken 6 trades today and results is very small profit
audusd
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audjpy I dont know if was good decision to trade both aud and audjpy because they moved the same, but I had good luck this time
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euraud I closed imediately because I read you said to be careful when adr its reached and it was above adr high already
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nzdusd another entry with mistake because s1 pivot was very near above
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eurcad
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usdcad
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  • Post #6,462
  • Quote
  • Jan 30, 2020 3:38pm Jan 30, 2020 3:38pm
  •  forexdg
  • | Joined Nov 2018 | Status: Member | 294 Posts
Quoting pips29
Disliked
{quote} I joined you with long {image}
Ignored
this trade I dont understand because you told me its not good to enter after many doji on h4
I put vertical line at your entry and checked h1 and h4 and h4 has 4 indecision bars
 
 
  • Post #6,463
  • Quote
  • Jan 30, 2020 5:40pm Jan 30, 2020 5:40pm
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,377 Posts
after bouncing from the 34 ema I took a chance that price will be able to move higher..I missed an earlier entry and so waited for price to retrace slightly and when the set up occurred I entered..I was hoping price can go higher than the adr and so had my target there..The cci on tf higher than H4 are all in the green. Here what the trade looks like on H4 and M5
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the cautious seldom err....C
 
 
  • Post #6,464
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  • Jan 30, 2020 5:44pm Jan 30, 2020 5:44pm
  •  pundit78
  • Joined Jan 2013 | Status: Member | 1,465 Posts
Quoting pundit78
Disliked
Gold Long {image}
Ignored
It hit my sl while I was sleeping.
PM for account management
 
 
  • Post #6,465
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  • Jan 30, 2020 7:01pm Jan 30, 2020 7:01pm
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,377 Posts
I meant to scale out but took everything out...guess I need to shut off before I make another mistake
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the cautious seldom err....C
 
 
  • Post #6,466
  • Quote
  • Jan 30, 2020 11:04pm Jan 30, 2020 11:04pm
  •  Iniezta
  • | Joined Mar 2017 | Status: Member | 107 Posts
Quoting pips29
Disliked
after bouncing from the 34 ema I took a chance that price will be able to move higher..I missed an earlier entry and so waited for price to retrace slightly and when the set up occurred I entered..I was hoping price can go higher than the adr and so had my target there..The cci on tf higher than H4 are all in the green. Here what the trade looks like on H4 and M5 {image} {image}
Ignored
Hello Pip29,
by default, is this the way you analyze the pair? first, you check at H4, see wether everything on the same direction (bullish/bearish), and after that you go to M5 to find precise entry?

many thanks
 
 
  • Post #6,467
  • Quote
  • Jan 31, 2020 3:42am Jan 31, 2020 3:42am
  •  GerhardMTB
  • | Joined Dec 2019 | Status: Member | 36 Posts
First two Trades off the Day worked. i am on an streak
EURGBP and NZDUSD
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  • Post #6,468
  • Quote
  • Jan 31, 2020 3:45am Jan 31, 2020 3:45am
  •  GerhardMTB
  • | Joined Dec 2019 | Status: Member | 36 Posts
NZDJPY BE reached
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  • Post #6,469
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  • Jan 31, 2020 3:51am Jan 31, 2020 3:51am
  •  GerhardMTB
  • | Joined Dec 2019 | Status: Member | 36 Posts
one more reached TP EURNZD
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1
  • Post #6,470
  • Quote
  • Jan 31, 2020 4:24am Jan 31, 2020 4:24am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,377 Posts
Quoting GerhardMTB
Disliked
First two Trades off the Day worked. i am on an streak EURGBP and NZDUSD {image} {image}
Ignored
You are on a roll, great stuff...I only just log on
the cautious seldom err....C
 
 
  • Post #6,471
  • Quote
  • Jan 31, 2020 4:39am Jan 31, 2020 4:39am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,377 Posts
Quoting Iniezta
Disliked
{quote} Hello Pip29, by default, is this the way you analyze the pair? first, you check at H4, see wether everything on the same direction (bullish/bearish), and after that you go to M5 to find precise entry? many thanks
Ignored
Hi! Iniezta...you sound like a footballer to me...to you query I would say it's advisable to do that but it's not a must or must not thing..the more important criterion is to go with your set up on the tf you enter, if there is none don't take the trade regardless of what you saw on the higher tf..we trade the method with price action and not blindly like you don't buy at fib R61 or sell at fib S61..price can go much higher/lower than these levels,,you can take a look at the aussie,kiwi and their pairing to know price doesn't give a sxxx about levels..please remember and I'm sure most of you have heard that "the market can remain irrational far longer than you can remain solvent"...just trade the set up and get out quickly if wrong,,it's always better to start out correctly until proven wrong by the market
the cautious seldom err....C
 
 
  • Post #6,472
  • Quote
  • Jan 31, 2020 4:45am Jan 31, 2020 4:45am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,377 Posts
I added another entry when price closed with a green candle thereby confirming the move up is intact...anyway I'm leaving the house and so no trading for now, when I can get back to the computer is unpredictable as the lady boss dictates my movement today...Wed. and Fri. are tricky days for me...bbl
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the cautious seldom err....C
 
 
  • Post #6,473
  • Quote
  • Jan 31, 2020 4:52am Jan 31, 2020 4:52am
  •  Iniezta
  • | Joined Mar 2017 | Status: Member | 107 Posts
Quoting pips29
Disliked
{quote} Hi! Iniezta...you sound like a footballer to me...to you query I would say it's advisable to do that but it's not a must or must not thing..the more important criterion is to go with your set up on the tf you enter, if there is none don't take the trade regardless of what you saw on the higher tf..we trade the method with price action and not blindly like you don't buy at fib R61 or sell at fib S61..price can go much higher/lower than these levels,,you can take a look at the aussie,kiwi and their pairing to know price doesn't give a sxxx...
Ignored
ok, I understand that you mean market can not be predicted 100%. so those all are your suggestion based on experience. I agree with you then. thank you my friend.
 
 
  • Post #6,474
  • Quote
  • Jan 31, 2020 4:56am Jan 31, 2020 4:56am
  •  forexdg
  • | Joined Nov 2018 | Status: Member | 294 Posts
Quoting pips29
Disliked
after bouncing from the 34 ema I took a chance that price will be able to move higher..I missed an earlier entry and so waited for price to retrace slightly and when the set up occurred I entered..I was hoping price can go higher than the adr and so had my target there..The cci on tf higher than H4 are all in the green. Here what the trade looks like on H4 and M5 {image} {image}
Ignored
our brokers print diferent bars
thats why I didnt understand your entry reasons
I have just indecision bars, not pinbar like you
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  • Post #6,475
  • Quote
  • Jan 31, 2020 4:58am Jan 31, 2020 4:58am
  •  GerhardMTB
  • | Joined Dec 2019 | Status: Member | 36 Posts
Yes realy good week for my feeling to get familiar with the strategie.
NZDJPY reached TP
AUDJPY reached TP
as TP reached in the same minute i think the two trades at the same time where to risky for the future.
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  • Post #6,476
  • Quote
  • Jan 31, 2020 5:01am Jan 31, 2020 5:01am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,377 Posts
Quoting forexdg
Disliked
{quote} our brokers print diferent bars thats why I didnt understand your entry reasons I have just indecision bars, not pinbar like you {image}
Ignored
I will continue as the lady boss hasn't screamed yet..just trade your own chart and don't get bogged down with indecision bars unnecessarily..got to go now...
the cautious seldom err....C
 
 
  • Post #6,477
  • Quote
  • Jan 31, 2020 5:03am Jan 31, 2020 5:03am
  •  forexdg
  • | Joined Nov 2018 | Status: Member | 294 Posts
Quoting pips29
Disliked
{quote} Hi! Iniezta...you sound like a footballer to me...to you query I would say it's advisable to do that but it's not a must or must not thing..the more important criterion is to go with your set up on the tf you enter, if there is none don't take the trade regardless of what you saw on the higher tf..we trade the method with price action and not blindly like you don't buy at fib R61 or sell at fib S61..price can go much higher/lower than these levels,,you can take a look at the aussie,kiwi and their pairing to know price doesn't give a sxxx...
Ignored
from this its corect to understand that other pivot levels are not important, because important its just to trade away from daily pivot?
 
 
  • Post #6,478
  • Quote
  • Jan 31, 2020 5:28am Jan 31, 2020 5:28am
  •  GerhardMTB
  • | Joined Dec 2019 | Status: Member | 36 Posts
what an amazing Day, i wished i am on real account.
CADCHF reached TP.
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  • Post #6,479
  • Quote
  • Jan 31, 2020 5:37am Jan 31, 2020 5:37am
  •  GerhardMTB
  • | Joined Dec 2019 | Status: Member | 36 Posts
USDJPY my last open Trade reached BE, littel more risky entry open in direction of Trend but before pivot.
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  • Post #6,480
  • Quote
  • Jan 31, 2020 5:55am Jan 31, 2020 5:55am
  •  GerhardMTB
  • | Joined Dec 2019 | Status: Member | 36 Posts
get stopped out, i am lucky that i moved to BE
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