A very simple system - trade with arrow | Page 356 | Forex Factory

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A very simple system - trade with arrow

  • #7,101
  • Apr 6, 2020 3:30am Apr 6, 2020 3:30am
Quoting shg
{quote} Yeah, but I was not in front of the screen...There were couple set ups...
I guess you know which currencies are active during Asia session...just look for set ups with these currencies
the cautious seldom err....C
  • #7,102
  • Apr 6, 2020 3:37am Apr 6, 2020 3:37am
Quoting pips29
just taken on H1 {image}
taken 1/4 out and in stress free mode
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the cautious seldom err....C
  • #7,103
  • Apr 6, 2020 3:48am Apr 6, 2020 3:48am
I'm still in this hedge and my last short was stopped out at b/e...I'm looking to short only and leaving any move up atm...my intention is to ride this pair down to 50 cents..that's quite a lot of pips from the current price...let's see
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the cautious seldom err....C
  • #7,104
  • Apr 6, 2020 3:54am Apr 6, 2020 3:54am
Quoting pips29
{quote} I guess you know which currencies are active during Asia session...just look for set ups with these currencies
yes but somehow I am still not confident in those currencies. I feel they might retrace any time...Will wait for them or else will trade tomorrow...
  • #7,105
  • Apr 6, 2020 4:33am Apr 6, 2020 4:33am
Quoting shg
{quote} yes but somehow I am still not confident in those currencies. I feel they might retrace any time...Will wait for them or else will trade tomorrow...
We are in Europe/London session..don't go looking for "active " currencies during Asia to trade..just wait for tomorrow to do that..now we trade what's active during this time/session..
the cautious seldom err....C
  • #7,106
  • Apr 6, 2020 4:39am Apr 6, 2020 4:39am
Obviously the pound is active during this session and I therefore traded this pound related pair..will lock in at b/e asap
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the cautious seldom err....C
  • #7,107
  • Apr 6, 2020 4:46am Apr 6, 2020 4:46am
Quoting shg
{quote} yes but somehow I am still not confident in those currencies. I feel they might retrace any time...Will wait for them or else will trade tomorrow...
what I meant was trade the currencies which are active during Asia, since you are down under, there were quite a number of set ups trading the yen,kiwi and aussie...we are out of that session and now we look for currencies during this session that are active and the euro and pound are the ones
the cautious seldom err....C
  • #7,108
  • Apr 6, 2020 4:47am Apr 6, 2020 4:47am
Took quick 17 pips. I was still not confident in this trade. My decision on the basis of both MA and support of R2. It became support...Got it right at the end...Did not wait for more profit...

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  • #7,109
  • Apr 6, 2020 4:48am Apr 6, 2020 4:48am
Quoting pips29
{quote} what I meant was trade the currencies which are active during Asia, since you are down under, there were quite a number of set ups trading the yen,kiwi and aussie...we are out of that session and now we look for currencies during this session that are active and the euro and pound are the ones
Yes got it...I have added one more indi...This is an arrow for the MA...Just visualizing better...nothing new
  • #7,110
  • Apr 6, 2020 5:00am Apr 6, 2020 5:00am
Quoting shg
Took quick 17 pips. I was still not confident in this trade. My decision on the basis of both MA and support of R2. It became support...Got it right at the end...Did not wait for more profit... {image}
good trade but this set up is used mainly for add-ons but since you missed earlier entry it can be used for an entry..
the cautious seldom err....C
  • #7,111
  • Apr 6, 2020 7:36am Apr 6, 2020 7:36am
Quoting pips29
{quote} good trade but this set up is used mainly for add-ons but since you missed earlier entry it can be used for an entry..
  • #7,112
  • Apr 7, 2020 12:14pm Apr 7, 2020 12:14pm
Scalping
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Trading has been and always will be, a hard way to make an easy living.
  • #7,113
  • Apr 8, 2020 3:23am Apr 8, 2020 3:23am
just taken , I must say I don't usually trade this pair..let's see
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the cautious seldom err....C
  • #7,114
  • Apr 8, 2020 6:24am Apr 8, 2020 6:24am
Quoting pips29
just taken , I must say I don't usually trade this pair..let's see {image}
It was a bit risky. chance of 50/50. The short-term trend on H1 is going up.
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Trading has been and always will be, a hard way to make an easy living.
  • #7,115
  • Apr 8, 2020 6:32am Apr 8, 2020 6:32am
I'm waiting for the euro to decline. But now it’s clear that there is a struggle between bears and bulls. If the price fixes above the trend line, then I can take a few pips to the nearest local maximum. This is just my vision of the situation. not a call to action))
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Trading has been and always will be, a hard way to make an easy living.
  • #7,116
  • Apr 8, 2020 10:39am Apr 8, 2020 10:39am
Quoting Boobligoom
I'm waiting for the euro to decline. But now it’s clear that there is a struggle between bears and bulls. If the price fixes above the trend line, then I can take a few pips to the nearest local maximum. This is just my vision of the situation. not a call to action)){image}
Ahead There is a strong resistance and EMA200 on H1. I decided to switch to M5 and see how the price leads next to my trend line. Small scalping + 10 pips. Came out at the resistance level.
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Trading has been and always will be, a hard way to make an easy living.
  • #7,117
  • Apr 9, 2020 5:44am Apr 9, 2020 5:44am
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Trading has been and always will be, a hard way to make an easy living.
  • #7,118
  • Apr 10, 2020 6:34am Apr 10, 2020 6:34am
Just took it. The market is dead. He has no strength today to go higher. Sideways trading to the nearest support level.
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Trading has been and always will be, a hard way to make an easy living.
  • #7,119
  • Apr 11, 2020 8:17am Apr 11, 2020 8:17am
Hi pips29

How was your week? Was it profitable? I didn't trade the last 3 days. I might be starting on Tuesday. Monday is the easter holiday so not sure for liquidity....
  • #7,120
  • Apr 11, 2020 12:20pm Apr 11, 2020 12:20pm
Quoting shg
Hi pips29 How was your week? Was it profitable? I didn't trade the last 3 days. I might be starting on Tuesday. Monday is the easter holiday so not sure for liquidity....
No, it wasn't..I took a loss with the aussie earlier in the week and did not trade much in the last three days of the week..have you started trading H1?
the cautious seldom err....C
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