A very simple system - trade with arrow | Page 392 | Forex Factory

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A very simple system - trade with arrow

  • #7,821
  • Jul 29, 2020 12:44pm Jul 29, 2020 12:44pm
I thought was good set up when I took it , but I guess I missed something. ?Thanks PIPS
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  • #7,822
  • Jul 29, 2020 1:32pm Jul 29, 2020 1:32pm
Quoting Giedrius
I thought was good set up when I took it , but I guess I missed something. ?Thanks PIPS {image}
Check H1, not quite ready...if price had gone below the low, then H1 will be ready..that's why I use a pending sell and removed it 30 minutes later..there was no downside momentum within the period and so I removed the PO
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the cautious seldom err....C
  • #7,823
  • Jul 29, 2020 1:44pm Jul 29, 2020 1:44pm
Quoting pips29
{quote} Check H1, not quite ready...if price had gone below the low, then H1 will be ready..that's why I use a pending sell and removed it 30 minutes later..there was no downside momentum within the period and so I removed the PO {image}
Thank you sir very appreciated!
  • #7,824
  • Edited 4:28am Jul 30, 2020 2:24am | Edited 4:28am
Taken a short on UJ.
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Click to Enlarge Name: UJ 07-30.png Size: 36 KB

Out at BE.
I couldn't see anything else at the time so got in and went to BE asap.
On the sidelines now
Your trade order needs to be in the right place at the right time.
  • #7,825
  • Jul 30, 2020 4:02am Jul 30, 2020 4:02am
Quoting Islandfx911
Taken a short on UJ. {image}
could swing either way but I wouldn't have taken this trade as it's outside the limits I set for a short trade namnely price is trading above the daily pivot, 10ema hasn't crossed the 34 ema and cci is hanging around the 0 level..just be careful with those emas' you are just using the same ema with one shifted by 1 or 2 if I'm not mistaken
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Click to Enlarge Name: USDJPYM15.png Size: 69 KB
the cautious seldom err....C
  • #7,826
  • Jul 30, 2020 4:32am Jul 30, 2020 4:32am
Quoting pips29
{quote} could swing either way but I wouldn't have taken this trade as it's outside the limits I set for a short trade namnely price is trading above the daily pivot, 10ema hasn't crossed the 34 ema and cci is hanging around the 0 level..just be careful with those emas' you are just using the same ema with one shifted by 1 or 2 if I'm not mistaken {image}
Correct. I am just having a play around with MA's nothing set in concrete.
I also have chart with 10ema /34ema and daily open.
Your trade order needs to be in the right place at the right time.
  • #7,827
  • Jul 30, 2020 4:47am Jul 30, 2020 4:47am
I'll keep posting trades here and hopefully iron out the mistakes. Thanks for your help
Your trade order needs to be in the right place at the right time.
  • #7,828
  • Jul 30, 2020 5:11am Jul 30, 2020 5:11am
Quoting Islandfx911
{quote} Correct. I am just having a play around with MA's nothing set in concrete. I also have chart with 10ema /34ema and daily open.
Don't forget the cci and daily pivots
the cautious seldom err....C
  • #7,829
  • Jul 30, 2020 9:11am Jul 30, 2020 9:11am
hi eric, I know nobody has crystal boll , but yours knowledge and experience can help filter some trades. This are main killers of mine. Do you have any advise.
I will get hit few times while trying and then when real move coming I don't pull trigger cause you think is again fake one. How determine that isn't retracment ,but longer lasting pullback? I know this is part of the game and you cannot avoid them all , but as less you get fake signals is better and for wallet and for self confidence .! Thank you
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  • #7,830
  • Jul 30, 2020 9:38am Jul 30, 2020 9:38am
Quoting Giedrius
hi eric, I know nobody has crystal boll , but yours knowledge and experience can help filter some trades. This are main killers of mine. Do you have any advise. I will get hit few times while trying and then when real move coming I don't pull trigger cause you think is again fake one. How determine that isn't retracment ,but longer lasting pullback? I know this is part of the game and you cannot avoid them all , but as less you get fake signals is better and for wallet and for self confidence .! Thank you {image}
I told you before, don't take the fast lane
the cautious seldom err....C
  • #7,831
  • Jul 30, 2020 9:41am Jul 30, 2020 9:41am
Quoting pips29
{quote} I told you before, don't take the fast lane
Thanks
  • #7,832
  • Jul 31, 2020 9:39am Jul 31, 2020 9:39am
Quoting Giedrius
hi eric, I know nobody has crystal boll , but yours knowledge and experience can help filter some trades. This are main killers of mine. Do you have any advise. I will get hit few times while trying and then when real move coming I don't pull trigger cause you think is again fake one. How determine that isn't retracment ,but longer lasting pullback? I know this is part of the game and you cannot avoid them all , but as less you get fake signals is better and for wallet and for self confidence .! Thank you {image}
my 2cents, just try to look at a higher level. as per the same chart, look into H4, you will see better of the trade.
Do it like a Fool
  • #7,833
  • Jul 31, 2020 10:43am Jul 31, 2020 10:43am
Quoting Foolsgame
{quote} my 2cents, just try to look at a higher level. as per the same chart, look into H4, you will see better of the trade.
thanks
  • #7,834
  • Aug 4, 2020 9:43am Aug 4, 2020 9:43am
36pips I took against daily pivot price was struggling to go higher.
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Click to Enlarge Name: EURJPYM15.png Size: 97 KB
  • #7,835
  • Aug 4, 2020 9:54am Aug 4, 2020 9:54am
Quoting Giedrius
36pips I took against daily pivot price was struggling to go higher. {image}
simple and easy,isn't it Giedrius..the set up is the most important thing and not the pivot..M15 is much easier, don't you think so? I'm so happy for you and with this trade
the cautious seldom err....C
  • #7,836
  • Aug 4, 2020 9:56am Aug 4, 2020 9:56am
Quoting pips29
{quote} simple and easy,isn't it Giedrius..the set up is the most important thing and not the pivot..M15 is much easier, don't you think so? I'm so happy for you and with this trade
This is the type of set up I look for every day
the cautious seldom err....C
  • #7,837
  • Aug 4, 2020 10:04am Aug 4, 2020 10:04am
Quoting pips29
{quote} This is the type of set up I look for every day
as they say, patience is valueThanks pips for good word
  • #7,838
  • Aug 4, 2020 10:11am Aug 4, 2020 10:11am
Quoting Giedrius
{quote} as they say, patience is valueThanks pips for good word
once you master this approach on M15 and you are bored and want to change to a higher tf let me know..I'm trading M30 atm with a different method as I am bored with the M15 tf..the M30 strategy is also profitable
the cautious seldom err....C
  • #7,839
  • Aug 4, 2020 10:18am Aug 4, 2020 10:18am
Quoting pips29
{quote} once you master this approach on M15 and you are bored and want to change to a higher tf let me know..I'm trading M30 atm with a different method as I am bored with the M15 tf..the M30 strategy is also profitable
I thought that you started to go higher and higher
  • #7,840
  • Aug 4, 2020 10:21am Aug 4, 2020 10:21am
I took this one, sl at b/e already , maybe is to early , but I think is nothing better when you don't risk anything. yes it is b/e!
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