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A very simple system - trade with arrow

  • #6,501
  • Edited 8:24am Feb 1, 2020 6:05am | Edited 8:24am
nothing much to do and before the 1st match of the afternoon between Leicester City v Chelsea, I look at some charts and a thread where nearly every trader is in deep pain with this pair Eur/Aud besides many..Guys, this is the monthly chart ....as you can see the 50 level fib of the monthly held up well for many months where price was rejected ( marked in blue) but last month was unusual...price closed above this level...those who gone short have their backs against the wall now..... but as a trader of the 10/34 ema we will make use of this fact to trade long with the set up..don't trade blindly, trade only when there is a set up..Fyi I had gone long and made my pips long before the monthly close trading the trend
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDMonthly.png Size: 69 KB
the cautious seldom err....C
  • #6,502
  • Feb 1, 2020 7:24am Feb 1, 2020 7:24am
Wise words pips, I'm finding the 10/34 works very nicely with daily sentiment and fundis
I'm guessing your reffering to Mr Angrys thread!
  • #6,503
  • Feb 1, 2020 8:40am Feb 1, 2020 8:40am
Quoting pips29
nothing much to do and before the 1st match of the afternoon between Leicester City v Chelsea, I look at some charts and a thread where nearly every trader is in deep pain with this pair Eur/Aud besides many..Guys, this is the monthly chart ....as you can see the 50 level fib of the monthly held up well for many months where price was rejected ( marked in blue) but last month was unusual...price closed above this level...those who gone short have their backs against the wall now..... but as a trader of the 10/34 ema we will make use of this fact...
Ahaa...leicester vs chelsea. Two offensive teams. I like that game.
  • #6,504
  • Feb 1, 2020 8:57am Feb 1, 2020 8:57am
Quoting Iniezta
{quote} Ahaa...leicester vs chelsea. Two offensive teams. I like that game.
Yes, good game .Gonna continue watching but this time it's the Madrid derby
the cautious seldom err....C
  • #6,505
  • Feb 1, 2020 9:02am Feb 1, 2020 9:02am
Quoting pips29
{quote} Yes, good game .Gonna continue watching but this time it's the Madrid derby
And for this derby, of course I wish Atletico will win it. Haha...
  • #6,506
  • Feb 1, 2020 9:51am Feb 1, 2020 9:51am
Quoting Iniezta
{quote} And for this derby, of course I wish Atletico will win it. Haha...
Balanced game so far. A draw is likely
the cautious seldom err....C
  • #6,507
  • Feb 1, 2020 11:34am Feb 1, 2020 11:34am
Quoting Iniezta
{quote} And for this derby, of course I wish Atletico will win it. Haha...
KB Nueve Atleti just needs another manager. He plays too defensive and the attacking qualities within their team won’t come out as it should be.
  • #6,508
  • Feb 2, 2020 8:39am Feb 2, 2020 8:39am
Hi Pips29, just my 2 cents. Is it possible to add notification to android/ios inside pips29.ex4 indicator just when all colour are alligned? I think it will help saving time to monitor the charts. Thank you.
  • #6,509
  • Feb 2, 2020 8:46am Feb 2, 2020 8:46am
Quoting Iniezta
Hi Pips29, just my 2 cents. Is it possible to add notification to android/ios inside pips29.ex4 indicator just when all colour are alligned? I think it will help saving time to monitor the charts. Thank you.
you are asking the wrong guy as the indicator was not even made by me, you don't need every tf to be of the same colour to trade. just choose the tf you are on and find out which tf will be your primary trend..I mentioned this earlier when talking about 3 tf analysis. In addition I wouldn't know how to do what you mentioned as my knowledge with tech is limited
the cautious seldom err....C
  • #6,510
  • Feb 2, 2020 9:05am Feb 2, 2020 9:05am
Here's the weekly chart of usdyen..If this is the trend (primary) then the intermediate will be the daily and your entry tf could be your H4 or even H1..so if you use the M5 to enter you must be very careful with your entry as you could have entered at the top of the intermediate trend and so if you have gone long with the primary trend you will have to endure the pullback before resuming with the weekly trend and that would mean quite big in the red..when trading M5/M15 the maximum you should be looking at is H4....as you can see we should be looking for a set up on short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 67 KB
Click to Enlarge Name: USDJPYH4.png Size: 70 KB
Click to Enlarge Name: USDJPYH1.png Size: 66 KB
the cautious seldom err....C
  • #6,511
  • Feb 2, 2020 9:13am Feb 2, 2020 9:13am
I see lots of opportunities to make money this coming week...commodity pairs are weak..I will probably pair them with the euro and/or Gbp...just select the strong currency and pair with those that are weak and I believe you will make a lot of pips
the cautious seldom err....C
  • #6,512
  • Feb 2, 2020 9:32am Feb 2, 2020 9:32am
Quoting pips29
I see lots of opportunities to make money this coming week...commodity pairs are weak..I will probably pair them with the euro and/or Gbp...just select the strong currency and pair with those that are weak and I believe you will make a lot of pips
Pips you are working Day and Night, Weekday and Weekend.
  • #6,513
  • Feb 2, 2020 9:43am Feb 2, 2020 9:43am
Quoting GerhardMTB
{quote} Pips you are working Day and Night, Weekday and Weekend.
Ha,ha yes and watching football at the same time.
the cautious seldom err....C
  • #6,514
  • Feb 3, 2020 2:04am Feb 3, 2020 2:04am
Waiting for the first opportunity. Nothing found till now.
  • #6,515
  • Feb 3, 2020 3:07am Feb 3, 2020 3:07am
Gerhard there where pips going on cable this morning due to Boris Johnsons comments on not elighing with euro rules, sent pound heading south. Power of fundamentals
  • #6,516
  • Feb 3, 2020 3:10am Feb 3, 2020 3:10am
Quoting GerhardMTB
Waiting for the first opportunity. Nothing found till now.
I'm on this atm
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY.rM5.png Size: 63 KB
the cautious seldom err....C
  • #6,517
  • Edited 7:51am Feb 3, 2020 3:22am | Edited 7:51am
The Run from GBPJPY i missed. i am on click, then smalltalk, then to late for the moment.
But NZDUSD and USDCAD are running till now.
  • #6,518
  • Feb 3, 2020 3:37am Feb 3, 2020 3:37am
someone has fixed rules which currencies he never trades together and maybe which currencies he never trades.
  • #6,519
  • Feb 3, 2020 5:15am Feb 3, 2020 5:15am
Long Time since i posted here....

GerhardMTB im also in that UCad, doesnt look to good at the moment..

I managed to get the GJ sell, but lost a bit on EJ buy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ M15 3 feb.png Size: 58 KB
Click to Enlarge Name: GJ M15 3 feb.png Size: 44 KB
  • #6,520
  • Feb 3, 2020 5:45am Feb 3, 2020 5:45am
I think it's best to wait for the US open as the direction on most pairs is not so clear unless you have traded sterling pairs in the direction of shorts..I must say sterling weakness caught me by surprise but glad I did not have any exposure with it..took this trade but also luckless, similar to the one taken on nzdyen
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM5.png Size: 63 KB
the cautious seldom err....C
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