A very simple system - trade with arrow | Page 348 | Forex Factory

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A very simple system - trade with arrow

  • #6,941
  • Mar 19, 2020 7:31am Mar 19, 2020 7:31am
I had taken this short using M5..I am posting the 4 hour chart to show you why I did it,,price bars are bearish and price has entered the ribbon and trading below the 10 ema..my target on instinct would be the 34 ema but where my target is set is good enough for me..it's moving fast now and before I could post this (2 fingers typing) I am now able to lock in at b/e EDit: posting the 5 min chart as well Damn! stop hit for+6 ..looking to re-enter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 52 KB
Click to Enlarge Name: EURGBPM5.png Size: 58 KB
the cautious seldom err....C
  • #6,942
  • Mar 19, 2020 7:40am Mar 19, 2020 7:40am
Quoting pips29
{quote} how are you,man?..no need for any update or changes to anything..uninterested traders can just fcuk off..not going to waste a second with idiots
im fine bro.. busy a lot in daily life makes me hardly trade. it covid-19 movement control in Malaysia now. goota pick back some trading in these time
Do it like a Fool
  • #6,943
  • Mar 19, 2020 7:50am Mar 19, 2020 7:50am
Quoting Foolsgame
{quote} im fine bro.. busy a lot in daily life makes me hardly trade. it covid-19 movement control in Malaysia now. goota pick back some trading in these time
good to hear you're ok..just need to keep safe..and trade with care...I'm trading cautiously now and adhering to the method strictly
the cautious seldom err....C
  • #6,944
  • Mar 19, 2020 11:07am Mar 19, 2020 11:07am
I tried to post this trade earlier but experienced trouble with the function available on the platform and soon afterwards lost connection with the broker as well..lately ,every day there are problems with the platform...anyway,profits was taken earlier on eurgbp and this trade just a short while ago
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 54 KB
the cautious seldom err....C
  • #6,945
  • Mar 20, 2020 6:20am Mar 20, 2020 6:20am
this morning trade, a case of won 2 lost 1 and also won more lost less
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 47 KB
the cautious seldom err....C
  • #6,946
  • Mar 20, 2020 6:22am Mar 20, 2020 6:22am
taken 50% off and locked in the remainder at b/e+
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 59 KB
the cautious seldom err....C
  • #6,947
  • Mar 20, 2020 9:19am Mar 20, 2020 9:19am
updated post #1 with new template. let us get some pips out guys!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 64 KB
Do it like a Fool
  • #6,948
  • Mar 24, 2020 10:34am Mar 24, 2020 10:34am
It's awfully quiet here...looks like I'm the only one posting..anyway I took this trade using H4. I also traded M5 and M1 scalping only long trades when this trade on H4 was in a dd....it's now continuing what it was supposed to do and so I'm ..I'm also having a second look at eur aud...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 55 KB
the cautious seldom err....C
  • #6,949
  • Mar 24, 2020 10:44am Mar 24, 2020 10:44am
this could be a big trade with many pips...atm price is in the shadow on the daily and on H4 the cci has gone below 0..the targets would be the ema34 on the daily and the gap below as the second target..I have not taken a position yet ..when I get some retracement and a good set up on M5/15 I will initiate a position and probably add more on the way down...that's how I see it atm and it can change quite rapidly too under the current environment but I always trade the charts and not "gurus talking"
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 47 KB
Click to Enlarge Name: EURAUDH4.png Size: 55 KB
the cautious seldom err....C
  • #6,950
  • Mar 24, 2020 10:53am Mar 24, 2020 10:53am
I traded long eurusd earlier and made some pips..I believe any long is just a retracement and the direction is still south...on H4 I see rejection of the 34 ema..there were many 34 ema rejections on H4 across some other pairs as well
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 55 KB
the cautious seldom err....C
  • #6,951
  • Mar 24, 2020 2:16pm Mar 24, 2020 2:16pm
Quoting pips29
this could be a big trade with many pips...atm price is in the shadow on the daily and on H4 the cci has gone below 0..the targets would be the ema34 on the daily and the gap below as the second target..I have not taken a position yet ..when I get some retracement and a good set up on M5/15 I will initiate a position and probably add more on the way down...that's how I see it atm and it can change quite rapidly too under the current environment but I always trade the charts and not "gurus talking" {image} {image}
got 3 runners now
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 54 KB
the cautious seldom err....C
  • #6,952
  • Mar 24, 2020 5:16pm Mar 24, 2020 5:16pm
must be the widening of the spread..otherwise one target would have been hit. It has since retraced 100 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 53 KB
the cautious seldom err....C
  • #6,953
  • Mar 24, 2020 5:36pm Mar 24, 2020 5:36pm
Quoting pips29
It's awfully quiet here...looks like I'm the only one posting..anyway I took this trade using H4. I also traded M5 and M1 scalping only long trades when this trade on H4 was in a dd....it's now continuing what it was supposed to do and so I'm ..I'm also having a second look at eur aud... {image}
was stopped out with the entry above but re-entered later on M5...have taken 1/2 off for some profits and locked in the balance at b/e+6
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM5.png Size: 59 KB
the cautious seldom err....C
  • #6,954
  • Mar 24, 2020 5:43pm Mar 24, 2020 5:43pm
I have decided to take profits on 2 entries and leaving the other protected at b/e+40..I have also set a pending sell about 20 pips below the low of the day so far. I reckon there's more downside and if it doesn't happen then my pending sell will not be triggered, no worries
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 63 KB
the cautious seldom err....C
  • #6,955
  • Mar 25, 2020 3:18am Mar 25, 2020 3:18am
taken 2 trades just mins ago
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCHFM15.png Size: 55 KB
Click to Enlarge Name: GBPJPYM5.png Size: 61 KB
the cautious seldom err....C
  • #6,956
  • Mar 25, 2020 3:22am Mar 25, 2020 3:22am
can you trade a chart like this..my M5 chart on the loonie,,
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 54 KB
the cautious seldom err....C
  • #6,957
  • Mar 25, 2020 3:24am Mar 25, 2020 3:24am
but on M15 the chart looks like this and I did take a short ,set my stop/target and went to bed...without a doubt my target was hit,ha,ha
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 69 KB
the cautious seldom err....C
  • #6,958
  • Mar 25, 2020 3:29am Mar 25, 2020 3:29am
both trades are protected now with 1/2 taken out of the dragon...pretty fast...faster than I can type
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 59 KB
Click to Enlarge Name: AUDCHFM15.png Size: 54 KB
the cautious seldom err....C
  • #6,959
  • Mar 25, 2020 3:33am Mar 25, 2020 3:33am
euraud is moving as expected
the cautious seldom err....C
  • #6,960
  • Mar 25, 2020 3:35am Mar 25, 2020 3:35am
looking likely as a candidate to go down further..giving it another 15 mins or so to pull the trigger..EDit: can't endure anymore and so I went in
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 51 KB
Click to Enlarge Name: EURGBPM15.png Size: 67 KB
the cautious seldom err....C
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