A very simple system - trade with arrow | Page 353 | Forex Factory

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A very simple system - trade with arrow

  • #7,041
  • Mar 31, 2020 1:17pm Mar 31, 2020 1:17pm
Quoting pips29
{quote} 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
durex is a good thingespecially when we trade
Trading has been and always will be, a hard way to make an easy living.
  • #7,042
  • Mar 31, 2020 1:25pm Mar 31, 2020 1:25pm
Quoting Boobligoom
{quote} 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...
This is why I went into the D1 trade many years ago. I also didn’t have enough time for my personal life, because I counted ticks up and ticks down all day)). But I return to day trading when there is a lot of free time. And the story repeats itself. I probably need a psychologist))
Trading has been and always will be, a hard way to make an easy living.
  • #7,043
  • Mar 31, 2020 3:09pm Mar 31, 2020 3:09pm
Quoting Boobligoom
{quote} This is why I went into the D1 trade many years ago. I also didn’t have enough time for my personal life, because I counted ticks up and ticks down all day)). But I return to day trading when there is a lot of free time. And the story repeats itself. I probably need a psychologist))
No, you don't .All is required is an exit strategy. You can consider a scaling out strategy banking in some pips and leaving some for your target on the htf. I am using this way and always stress free. You won't get mental this way.
the cautious seldom err....C
  • #7,044
  • Mar 31, 2020 6:40pm Mar 31, 2020 6:40pm
i am going to sleep now and leaving the dragon to do its thing..I am at stress free mode, so no fear,can sleep soundly
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #7,045
  • Apr 1, 2020 3:08am Apr 1, 2020 3:08am
woke up earlier than usual and took this trade..after moving my stop to b/e+10 price came down and stopped me out after I have taken 2/3 off for some green pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 56 KB
the cautious seldom err....C
  • #7,046
  • Apr 1, 2020 3:17am Apr 1, 2020 3:17am
stopped out again, did not see that coming..my M5 chart has gone fcuk..
Attached Image(s) (click to enlarge)
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the cautious seldom err....C
  • #7,047
  • Apr 1, 2020 4:54am Apr 1, 2020 4:54am
my third trade, still ongoing
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM5.png Size: 57 KB
the cautious seldom err....C
  • #7,048
  • Apr 1, 2020 6:21am Apr 1, 2020 6:21am
I didnt trade today. I was out and just came back...Had to go to buy some stuff for home while corona is also roaming around...
  • #7,049
  • Apr 1, 2020 6:30am Apr 1, 2020 6:30am
Quoting shg
I didnt trade today. I was out and just came back...Had to go to buy some stuff for home while corona is also roaming around...
better wash your hands properly,,no need to get your trades infected
the cautious seldom err....C
  • #7,050
  • Apr 1, 2020 6:31am Apr 1, 2020 6:31am
a re-entry on M1 and was forced out
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM1.png Size: 56 KB
the cautious seldom err....C
  • #7,051
  • Apr 1, 2020 6:35am Apr 1, 2020 6:35am
Quoting shg
I didnt trade today. I was out and just came back...Had to go to buy some stuff for home while corona is also roaming around...
I see you on a 4 hour itchycloud thread with a stop of 700 pips...are you serious?
the cautious seldom err....C
  • #7,052
  • Apr 1, 2020 8:55am Apr 1, 2020 8:55am
Hi i am Back again.
Taken some Trades but not early enough make them Save :-).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPY_8039_Pips.gif Size: 87 KB
Click to Enlarge Name: GBPAUD_4154_Pips.gif Size: 78 KB
Click to Enlarge Name: GBPCAD_7553_Pips.gif Size: 80 KB
Click to Enlarge Name: USDCAD_5993_Pips.gif Size: 74 KB
  • #7,053
  • Apr 1, 2020 9:01am Apr 1, 2020 9:01am
Quoting GerhardMTB
Hi i am Back again. Taken some Trades but not early enough make them Save :-). {image} {image} {image} {image}
have not seen you for awhile..I see you have gathered quite a bit of spider web..those spider web won't hold a big fish
the cautious seldom err....C
  • #7,054
  • Apr 1, 2020 9:07am Apr 1, 2020 9:07am
Attached Image
the cautious seldom err....C
  • #7,055
  • Apr 1, 2020 12:19pm Apr 1, 2020 12:19pm
Quoting pips29
{quote} No, you don't .All is required is an exit strategy. You can consider a scaling out strategy banking in some pips and leaving some for your target on the htf. I am using this way and always stress free. You won't get mental this way.
What does strategy banking mean? It’s possible that I am taking a big risk. 10 pips is 2% of the capital.
Trading has been and always will be, a hard way to make an easy living.
  • #7,056
  • Apr 1, 2020 12:49pm Apr 1, 2020 12:49pm
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.
perhaps I misunderstood you but when you say 1 loss ate 4 trades (4x10 pips) I thought your stop is 40 pips but since it's only 10 pips and 2% of your capital, then it's nothing to worry..there should not be any anxiety unless you are trading 100/1000 per pip, anyway scaling won't apply in your case as you are looking for only 10 pips..For 10 pips I reckon the 1 minute chart might be better
the cautious seldom err....C
  • #7,057
  • Apr 2, 2020 3:12am Apr 2, 2020 3:12am
Quoting pips29
{quote} I see you on a 4 hour itchycloud thread with a stop of 700 pips...are you serious?
LOL...Tried one or two days but it is not fitting in my trading style. I am more of trading 1H and 4H since biginning so when i saw 4H trading system i jumped there but didnt liked it...
  • #7,058
  • Apr 2, 2020 3:14am Apr 2, 2020 3:14am
Quoting pips29
{quote} I see you on a 4 hour itchycloud thread with a stop of 700 pips...are you serious?

Is there any trade idea today? pips29...I have checked the graph but I didnt feel comfortable in any chart. I took EG sell....anything else?
  • #7,059
  • Apr 2, 2020 3:15am Apr 2, 2020 3:15am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-pro-m15-axicorp-financial-services.png Size: 75 KB
  • #7,060
  • Apr 2, 2020 4:23am Apr 2, 2020 4:23am
Quoting shg
{quote} Is there any trade idea today? pips29...I have checked the graph but I didnt feel comfortable in any chart. I took EG sell....anything else?
this trade does look good ..I reckon there's at least 50 pips in it.You are probably aware the euro is weak atm and commodity currencies are showing strength...I'm in eurnzd short,audusd,audchf long..trade safe
the cautious seldom err....C
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