A very simple system - trade with arrow | Page 391 | Forex Factory

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A very simple system - trade with arrow

  • #7,801
  • Jul 20, 2020 1:34am Jul 20, 2020 1:34am
Quoting hyasp
Failed trade today against H1 bad idea {image}
Excuse me, can u tell me what session indicator u use?)
Thx
  • #7,802
  • Jul 20, 2020 8:19am Jul 20, 2020 8:19am
Not smart exit, original tp was yesterdays low. Wasn't happy with wicks so I took 15 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 93 KB
  • #7,803
  • Jul 20, 2020 9:06am Jul 20, 2020 9:06am
Quoting Giedrius
Not smart exit, original tp was yesterdays low. Wasn't happy with wicks so I took 15 pips {image}
Please adjust your pivot to start at where your dotted vertical is located..set the time zone to zero
the cautious seldom err....C
  • #7,804
  • Jul 20, 2020 10:11am Jul 20, 2020 10:11am
Quoting pips29
{quote} Please adjust your pivot to start at where your dotted vertical is located..set the time zone to zero
pips29 would you post yours chart please? I would like to see exactly where is yours. Thank you.
  • #7,805
  • Jul 20, 2020 10:31am Jul 20, 2020 10:31am
here it is..btw you are driving in the fast lane on M5..that lane is for performance cars and so I advise you to go up to M15, still fast but the way ahead is much clearer
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 57 KB
the cautious seldom err....C
  • #7,806
  • Jul 20, 2020 11:11am Jul 20, 2020 11:11am
Quoting pips29
here it is..btw you are driving in the fast lane on M5..that lane is for performance cars and so I advise you to go up to M15, still fast but the way ahead is much clearer {image}
Thank you for advise pips.
  • #7,807
  • Jul 25, 2020 4:37am Jul 25, 2020 4:37am
Two trades from yesterday 30 and 7 pips. Wining but nothing pretty. Somehow I manage to get in shabby trades and to miss good and strong moves!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 94 KB
  • #7,808
  • Jul 25, 2020 6:19am Jul 25, 2020 6:19am
Quoting Giedrius
Two trades from yesterday 30 and 7 pips. Wining but nothing pretty. Somehow I manage to get in shabby trades and to miss good and strong moves! {image}
what's wrong with shabby trades when you are still profitable..that shows you are a great trader who can still make pips with shabby trades..you are a champion when you don't take shabby trades the ride up was pretty good if taken
the cautious seldom err....C
  • #7,809
  • Jul 25, 2020 6:45am Jul 25, 2020 6:45am
I will be here to discuss trades that are posted or should someone needs some clarification, otherwise, just keep reading and learning the method. I have talked for years about this method in another 15 minute thread before I came here.,so I leave it to you guys whether you want to post your trades or not and just before I forget people who are passing by and asking questions will not warrant my attention and so do not expect a reply.
the cautious seldom err....C
  • #7,810
  • Jul 29, 2020 6:18am Jul 29, 2020 6:18am
Traded EG short. I got in late as placing other trades. TP would have been +22.
Attached Image (click to enlarge)
Click to Enlarge Name: EG 07-29 +18.png Size: 33 KB
Your trade order needs to be in the right place at the right time.
  • #7,811
  • Jul 29, 2020 6:29am Jul 29, 2020 6:29am
Quoting Islandfx911
Traded EG short. I got in late as placing other trades. TP would have been +22. {image}
when I can't find a place to set my target the 200ema on H4 would be my preferred target..a winner is still a winner , so it's good
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 72 KB
the cautious seldom err....C
  • #7,812
  • Jul 29, 2020 6:44am Jul 29, 2020 6:44am
Quoting pips29
{quote} when I can't find a place to set my target the 200ema on H4 would be my preferred target..a winner is still a winner , so it's good {image}
Hi Eric,
Thanks for the 200ema target info. I thought I would post my trades here for you to comment on.
The chart I posted does not show all indicators that I use as they differ slightly from yours and I don't want to confuse anyone.
At the moment I am working on the entry setups and consistency placing trades.
The targets I currently use are pivots however I am always be open to suggestions.
Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #7,813
  • Jul 29, 2020 7:11am Jul 29, 2020 7:11am
Quoting Islandfx911
{quote} Hi Eric, Thanks for the 200ema target info. I thought I would post my trades here for you to comment on. The chart I posted does not show all indicators that I use as they differ slightly from yours and I don't want to confuse anyone. At the moment I am working on the entry setups and consistency placing trades. The targets I currently use are pivots however I am always be open to suggestions. Regards Rob
I don't use pivots for targets but I use the daily pivot to trade the direction my entry should be..in short it's advisable to trade away from the pivot but if price has gone a bit far from the pivot wait for a retracement to enter. I do this with the 10/34 ema as my aids and more importantly the cci..If they align in the correct direction I pull the trigger with the H1 trend in mind and H4 too.In my case H1 will take precendence over H4 when I take a trade. If I'm looking for a longer time period trade for bigger targets then I use H4 as the deciding factor, otherwise it's H1
the cautious seldom err....C
  • #7,814
  • Jul 29, 2020 7:19am Jul 29, 2020 7:19am
Attached Image (click to enlarge)
Click to Enlarge Name: GC 07-29 +34.png Size: 34 KB
Your trade order needs to be in the right place at the right time.
  • #7,815
  • Jul 29, 2020 8:04am Jul 29, 2020 8:04am
Quoting Islandfx911
{image}
YH is a good target initially but pa is bullish on all time frames..looking like going higher is the next move..very good trades today, Rob
the cautious seldom err....C
  • #7,816
  • Jul 29, 2020 8:31am Jul 29, 2020 8:31am
Quoting pips29
{quote} YH is a good target initially but pa is bullish on all time frames..looking like going higher is the next move..very good trades today, Rob
Thanks
Your trade order needs to be in the right place at the right time.
  • #7,817
  • Jul 29, 2020 10:18am Jul 29, 2020 10:18am
Original TP was at ADR with idea price moving lower LL, but got knocked out by SL . Was I to greedy and just needed to close at old low!? Should I have left more space, but then you can end up with 0. This always puzzles me.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM5.png Size: 90 KB
  • #7,818
  • Jul 29, 2020 10:27am Jul 29, 2020 10:27am
Quoting Giedrius
Original TP was at ADR with idea price moving lower LL, but got knocked out by SL . Was I to greedy and just needed to close at old low!? Should I have left more space, but then you can end up with 0. This always puzzles me. {image}
you should be happy with green pips, if you reckon price will go further below then wait for a set up after getting stopped out.
the cautious seldom err....C
  • #7,819
  • Jul 29, 2020 10:31am Jul 29, 2020 10:31am
my swissy chart on the weekly
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFWeekly.png Size: 65 KB
the cautious seldom err....C
  • #7,820
  • Jul 29, 2020 10:41am Jul 29, 2020 10:41am
Quoting pips29
my swissy chart on the weekly {image}
Not trusting my judgment, what isn't good I guess. How to find this balance, I'm always getting stopped in the middle. Thanks pips29 for calling here.
Yours input is important.
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