A very simple system - trade with arrow | Page 352 | Forex Factory

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A very simple system - trade with arrow

  • #7,021
  • Mar 31, 2020 4:55am Mar 31, 2020 4:55am
I missed out on the loonie and so took this instead
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the cautious seldom err....C
  • #7,022
  • Mar 31, 2020 4:57am Mar 31, 2020 4:57am
got this going too..EDit:that was quick ..got kicked out
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the cautious seldom err....C
  • #7,023
  • Mar 31, 2020 5:00am Mar 31, 2020 5:00am
I had this trade earlier and did not monitor as I was busy on whatsapp with my sister
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the cautious seldom err....C
  • #7,024
  • Mar 31, 2020 5:15am Mar 31, 2020 5:15am
I took a long on this pair after I got a 4 hour confirmation of the break of previous high and the 200 ema. I locked in at b/e when I was 20 pips ahead and went to bed..I guess some Chinese data related spike took me out..anyway price is back down and in the process of testing the level again...pa is still bullish imo
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the cautious seldom err....C
  • #7,025
  • Mar 31, 2020 5:42am Mar 31, 2020 5:42am
Quoting pips29
I missed out on the loonie and so took this instead {image}
I hate it when my target is narrowly missed..closed manually
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #7,026
  • Mar 31, 2020 5:46am Mar 31, 2020 5:46am
the euro looks to be weak but this chart is putting me off trading the euro..I will wait for h4 to close later on
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the cautious seldom err....C
  • #7,027
  • Mar 31, 2020 6:18am Mar 31, 2020 6:18am
Today I took a small UJ
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Trading has been and always will be, a hard way to make an easy living.
  • #7,028
  • Mar 31, 2020 8:12am Mar 31, 2020 8:12am
Quoting Boobligoom
Today I took a small UJ {image}
good for you but it's not my kind of trade..I need clarity on H4
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the cautious seldom err....C
  • #7,029
  • Mar 31, 2020 8:33am Mar 31, 2020 8:33am
Quoting pips29
{quote} good for you but it's not my kind of trade..I need clarity on H4 {image}
H4 really says there might be sales. For H1, the situation was more fun for shopping. I looked at this graph.
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Trading has been and always will be, a hard way to make an easy living.
  • #7,030
  • Mar 31, 2020 8:52am Mar 31, 2020 8:52am
Quoting Boobligoom
{quote} H4 really says there might be sales. For H1, the situation was more fun for shopping. I looked at this graph. {image}
as long as you understand what you are doing it's all good..I look for bigger pips and so I like the 4 hour more but I must say it's perfectly ok with what you did..In fact I was just chatting with a fellow trader who took 11 pips of a long on this pair over an hour ago..I'm still with him on whatsapp
the cautious seldom err....C
  • #7,031
  • Edited 9:35am Mar 31, 2020 8:55am | Edited 9:35am
Quoting pips29
I took a long on this pair after I got a 4 hour confirmation of the break of previous high and the 200 ema. I locked in at b/e when I was 20 pips ahead and went to bed..I guess some Chinese data related spike took me out..anyway price is back down and in the process of testing the level again...pa is still bullish imo {image}
Iam long with 2 entries ,one with a pending order and the other a "rushed" entry as I was late for lunch and early on entry...anyway EDit: platform acting "fcuk" again EDit:stopped out in green
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #7,032
  • Mar 31, 2020 10:15am Mar 31, 2020 10:15am
Quoting pips29
{quote} as long as you understand what you are doing it's all good..I look for bigger pips and so I like the 4 hour more but I must say it's perfectly ok with what you did..In fact I was just chatting with a fellow trader who took 11 pips of a long on this pair over an hour ago..I'm still with him on whatsapp
Thanks. I take small targets on the M5-M1, so it’s important for me to act quickly. If I stick to the high TF H4 D1, then probably I will have a desire to push the stop loss further beyond the 34MA level (I did this before). As a result, One loss ate 4 of my profitable trades.
Trading has been and always will be, a hard way to make an easy living.
  • #7,033
  • Mar 31, 2020 10:33am Mar 31, 2020 10:33am
I agree that on H4 we have an uptrend. I use H1, so for me the trend was downward, but I ignored the pinbar, which is my mistake.
It was pretty risky to apply averaging. I took my 10 points from the second attempt.
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Trading has been and always will be, a hard way to make an easy living.
  • #7,034
  • Mar 31, 2020 11:59am Mar 31, 2020 11:59am
I missed out on a long for the loonie and so I sat it out until just a short while ago where I took a long using M1 and looking for a home run with what's left..trade is safe at b/e+ and taken 2/3 off for some pips
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #7,035
  • Mar 31, 2020 12:02pm Mar 31, 2020 12:02pm
Quoting Boobligoom
{quote} Thanks. I take small targets on the M5-M1, so it’s important for me to act quickly. If I stick to the high TF H4 D1, then probably I will have a desire to push the stop loss further beyond the 34MA level (I did this before). As a result, One loss ate 4 of my profitable trades.
many of you still don't understand how I trade..H4?daily are used to find my targets plus S/R and M5 for entry ..my stop will be small compared to my targets as targets are based on htf whereas stop s are based on ltf..that's my edge
the cautious seldom err....C
  • #7,036
  • Mar 31, 2020 12:14pm Mar 31, 2020 12:14pm
until the cci 50 goes below0 I will not trade a short nor I take a long..I will just sit tight and see how it closes...we look for triple As' set up
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #7,037
  • Edited 12:55pm Mar 31, 2020 12:27pm | Edited 12:55pm
have faith and trust in your trading ,you can still make big pips using M1..my trade is protected with +20 edIT: Stop at +40 EDIT: stopped out..have a nice day.my trading's done
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the cautious seldom err....C
  • #7,038
  • Mar 31, 2020 12:54pm Mar 31, 2020 12:54pm
Quoting pips29
have faith and trust in your trading ,you can still make big pips using M1..my trade is protected with +20 edIT: Stop at +40 {image} {image}
Perfect trade!
Trading has been and always will be, a hard way to make an easy living.
  • #7,039
  • Mar 31, 2020 1:00pm Mar 31, 2020 1:00pm
Quoting Boobligoom
{quote} Perfect trade!
you can do it too ..nothing that requires extraordinary skills..I can't log out of ff as I have forgotten my password..once I log out I can't get back in..trade safe ,like the durex advert says play safe but with a shortage timing is everything now just like trading
the cautious seldom err....C
  • #7,040
  • Mar 31, 2020 1:13pm Mar 31, 2020 1:13pm
Quoting pips29
{quote} many of you still don't understand how I trade..H4?daily are used to find my targets plus S/R and M5 for entry ..my stop will be small compared to my targets as targets are based on htf whereas stop s are based on ltf..that's my edge
I understand your thinking about targets. I have always traded H4-D1 (and now I also trade). I determine TP and stop loss, then I open a deal about 1/2, but often 1 / 1.5 risk / profit. Then the computer turns off for 24 hours and I am calm (there are only 2 outcomes — win or loss).
But when I trade intraday at the monitor on the M1-M5, then my composure is lost. I watch every tick of the price and when the price rests against the nearest S / R or starts to unfold, then I exit. But I know that my trading on D1 in the same direction has a margin of movement of another 50-70 pips. This is a problem that has haunted me for many years. Even if I turn off the computer, I don’t have a feeling of calmness and I want to turn it on constantly.
Trading has been and always will be, a hard way to make an easy living.
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