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A very simple system - trade with arrow

  • #7,621
  • Jun 9, 2020 2:58am Jun 9, 2020 2:58am
this is my second entry on this pair. first try was stopped out. my sl is always too tight.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM5.png Size: 366 KB
Patient and focus.
  • #7,622
  • Jun 9, 2020 3:19am Jun 9, 2020 3:19am
we just saw a strange case of both eurusd and usdchf going in the same direction..they are correlated negatively, so one has to turn the other way, which one???
the cautious seldom err....C
  • #7,623
  • Jun 9, 2020 3:24am Jun 9, 2020 3:24am
Quoting pips29
we just saw a strange case of both eurusd and usdchf going in the same direction..they are correlated negatively, so one has to turn the other way, which one???
Thats why my target is also tight as well. US dollar is strong atm.
Patient and focus.
  • #7,624
  • Jun 9, 2020 3:29am Jun 9, 2020 3:29am
the aussie and kiwi are showing some cracks atm..looking to trade cross pairs ..let's see
the cautious seldom err....C
  • #7,625
  • Jun 9, 2020 3:30am Jun 9, 2020 3:30am
the resistance at yearly high seems to be valid for aussie
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 339 KB
Patient and focus.
  • #7,626
  • Jun 9, 2020 3:41am Jun 9, 2020 3:41am
US dollar index is still under daily EMA5
Patient and focus.
  • #7,627
  • Jun 9, 2020 3:43am Jun 9, 2020 3:43am
Quoting hyasp
the resistance at yearly high seems to be valid for aussie {image}
the divergence shown on H4 is starting to play out but for how long
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 63 KB
the cautious seldom err....C
  • #7,628
  • Jun 9, 2020 3:44am Jun 9, 2020 3:44am
Quoting pips29
the aussie and kiwi are showing some cracks atm..looking to trade cross pairs ..let's see
any idea on EU Ct?
Do it like a Fool
  • #7,629
  • Jun 9, 2020 3:45am Jun 9, 2020 3:45am
Quoting Foolsgame
{quote} any idea on EU Ct?
just wait for EU data release
Patient and focus.
  • #7,630
  • Jun 9, 2020 3:48am Jun 9, 2020 3:48am
Quoting pips29
{quote} the divergence shown on H4 is starting to play out but for how long {image}
Aha its time for me to get some basic knowledge about TDI divergence
Patient and focus.
  • #7,631
  • Jun 9, 2020 3:49am Jun 9, 2020 3:49am
Fomc is tomorrow,so it might be a play by big boys to send the majors down painting a bearish outlook, setting bear traps here and there
the cautious seldom err....C
  • #7,632
  • Jun 9, 2020 3:52am Jun 9, 2020 3:52am
Quoting Foolsgame
{quote} any idea on EU Ct?
no idea, as I mentioned earlier both the swissy and euro are moving in the same direction and I'm certain one will turn the other way but which one I can't tell atm. just have to wait a bit longer..you don't want to get a visit from this bugger
Attached Image
the cautious seldom err....C
  • #7,633
  • Jun 9, 2020 4:00am Jun 9, 2020 4:00am
Quoting pips29
{quote} no idea, as I mentioned earlier both the swissy and euro are moving in the same direction and I'm certain one will turn the other way but which one I can't tell atm. just have to wait a bit longer..you don't want to get a visit from this bugger {image}
haha nice picture! Hi pips why did you drop TDI in your regular chart setting
Patient and focus.
  • #7,634
  • Jun 9, 2020 4:08am Jun 9, 2020 4:08am
Quoting hyasp
{quote} haha nice picture! Hi pips why did you drop TDI in your regular chart setting
I got fed up with the controversy over in another thread about the tdi crossing that is still on-going now after several years. I have used the tdi in the past and it's good for checking out divergence and if used properly the entry is usually faster than the cci..I will leave it on my charts if traders want it. I have been testing another M5 strategy using the tdi with the pac fyi...might start it here if others like me to do it
the cautious seldom err....C
  • #7,635
  • Jun 9, 2020 4:13am Jun 9, 2020 4:13am
here's the chart with the tdi and pac. I do have the cci on as well but it's hidden to show this method..there were many entries but sadly they happened while I was sleeping..price started trading below the 200 ema and shortly price broke through both the ema and pivot,came back tested the pivot and just shy of the 200 ema and you got a signal to enter with the tdi and several other entries later too...if you look left using the daily you will find price rejecting the low
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 52 KB
the cautious seldom err....C
  • #7,636
  • Jun 9, 2020 4:26am Jun 9, 2020 4:26am
look at this chart. With the tdi you get an earlier entry but also notice with a slight dd with the earlier entry , with the cci almost no dd EDit: sorry guys that I'm looking at the tdi and pac more as I'm getting fed up looking at the same picture for sooo long, just wanted a change
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 61 KB
the cautious seldom err....C
  • #7,637
  • Jun 9, 2020 4:26am Jun 9, 2020 4:26am
Quoting pips29
{quote} I got fed up with the controversy over in another thread about the tdi crossing that is still on-going now after several years. I have used the tdi in the past and it's good for checking out divergence and if used properly the entry is usually faster than the cci..I will leave it on my charts if traders want it. I have been testing another M5 strategy using the tdi with the pac fyi...might start it here if others like me to do it
I dont know if several indicators would lead to confusion cos right now cci is enough for me. but pls share more trades using different strategies if you can. of course we need FG's permission.
Patient and focus.
  • #7,638
  • Jun 9, 2020 4:31am Jun 9, 2020 4:31am
Quoting pips29
look at this chart. With the tdi you get an earlier entry {image}
the second entry is also confirmed by cci double confirm may be a good idea

Because i don't know much about tdi but for the first one is it a good idea to trade tdi above its 34 sma even with cross signal

I know there should be a lot different situations so may need know more about it
Patient and focus.
  • #7,639
  • Jun 9, 2020 4:40am Jun 9, 2020 4:40am
Quoting hyasp
{quote} the second entry is also confirmed by cci double confirm may be a good idea Because i don't know much about tdi but for the first one is it a good idea to trade tdi above its 34 sma even with cross signal I know there should be a lot different situations so may need know more about it
sometimes the cci is faster but when using the cci you see it clearly whether you should be trading long or short. I had both of them on for several years and they tell the same story ,maybe one a bit long winded like your grandma telling you and one like your father short and to the point
the cautious seldom err....C
  • #7,640
  • Jun 9, 2020 4:50am Jun 9, 2020 4:50am
Quoting pips29
I'm looking to short the loonie when I get a failed test of the gap..just sit on my hands and watch TV {image}
now we have price in the gap and very near the 34 ema..I will take a short soon
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 65 KB
the cautious seldom err....C
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