A very simple system - trade with arrow | Page 395 | Forex Factory

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A very simple system - trade with arrow

  • #7,881
  • Aug 18, 2020 10:55am Aug 18, 2020 10:55am
Quoting RichBarstead
{quote} Thanks Eric. Yes I am. I generally only take notice of it on the 1H chart as it takes too long to turn on 4H.
I don't like trading H4 solely because every thing turn so slowly and by the time you see something price has already gone too far..because you mention H4 I therefore show you the H4 chart..I'm comfortable trading H1 but lately I tend towards M30 instead of H1
the cautious seldom err....C
  • #7,882
  • Aug 18, 2020 10:59am Aug 18, 2020 10:59am
Quoting RichBarstead
{quote} Thanks Eric. Yes I am. I generally only take notice of it on the 1H chart as it takes too long to turn on 4H.
Good, and for everyone else if you don't have the 10/34 ema, please refrain from posting unless you are my buddy
the cautious seldom err....C
  • #7,883
  • Aug 18, 2020 11:03am Aug 18, 2020 11:03am
Quoting pips29
{quote} I would probably have taken the trade slightly higher.When you see a pinbar and rejection at the pivot just go 1 tf higher M30 to see if the rejection is also seen on M30. If it does and before you enter take another look at M30 if you will get another rejection like another pinbar,better still a bearish engulfing bar,then switch back to M15 and enter. I normally will not wait for M30 bar to close when I can clearly see the M15 is bearish ..by doing this I get a slightly earlier entry..if you get your entry correct you don't have to worry...
thanks eric!
  • #7,884
  • Aug 18, 2020 11:26am Aug 18, 2020 11:26am
as for your target on eurgbp trade, here's how I see it..on the M15 chart check where price rejected and moved up previously. the candle that closed above the high of the bearish will normally be tested when price came back down. If you had multiple lots it's good to take a portion out for some profit and wait to see if price passes this zone ,if it does then you can look further down for your next target..I normally use a htf like H4 to pinpoint my final target..that's my way I look for targets
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 75 KB
the cautious seldom err....C
  • #7,885
  • Aug 18, 2020 5:35pm Aug 18, 2020 5:35pm
Quoting laugterfx
Hello RichBarstead, I like the indicators on your chat and with the comment of your success. Do you mind sharing them?
All the indicators I use are available on this thread. If you click on the paperclip icon you will find them with one exception.

The oscillator I use is not part of this thread but can be found here. https://www.forexfactory.com/thread/...g-made-simpler

Hope this helps.
Always be kind to someone with access to your toothbrush.
  • #7,886
  • Aug 18, 2020 5:48pm Aug 18, 2020 5:48pm
I took this trade and was unfortunately stopped out, my target would have been achieved,,set your targets properly and they will almost be hit on the same day
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 58 KB
the cautious seldom err....C
  • #7,887
  • Aug 18, 2020 5:56pm Aug 18, 2020 5:56pm
a trade taken when the H4 candle was about to close..H4 was telling me the move up and M15 was showing a valid long..my final target is just about 11 pips from here
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM15.png Size: 56 KB
the cautious seldom err....C
  • #7,888
  • Aug 18, 2020 6:11pm Aug 18, 2020 6:11pm
If you like heart pumping action then this might be the pair to trade...H4- monthly is still bullish, when H1 turn bullish you will find me on this trade,that's for certain..I expect those highs to be tested..gotta zzzzzz bbl
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZDDaily.png Size: 56 KB
Click to Enlarge Name: EURNZDH1.png Size: 67 KB
the cautious seldom err....C
  • #7,889
  • Aug 18, 2020 6:14pm Aug 18, 2020 6:14pm
Quoting pips29
If you like heart pumping action then this might be the pair to trade...H4- monthly is still bullish, when H1 turn bullish you will find me on this trade,that's for certain..I expect those highs to be tested.. {image}
Thanks for the heads up Eric.

Not normally a pair I trade but I will be watching with interest.
Always be kind to someone with access to your toothbrush.
  • #7,890
  • Aug 19, 2020 4:31am Aug 19, 2020 4:31am
No trade. H4 broken down.,therefore set up on H1 invalidated
the cautious seldom err....C
  • #7,891
  • Aug 19, 2020 4:56am Aug 19, 2020 4:56am
Quoting pips29
No trade. H4 broken down.,therefore set up on H1 invalidated
The bears have it!!
Always be kind to someone with access to your toothbrush.
  • #7,892
  • Aug 19, 2020 12:51pm Aug 19, 2020 12:51pm
with fomc next in 10 minutes I'm looking to sell the dollar..let's see
the cautious seldom err....C
  • #7,893
  • Aug 19, 2020 1:31pm Aug 19, 2020 1:31pm
2 trades taken
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 64 KB
Click to Enlarge Name: EURUSDH4.png Size: 58 KB
the cautious seldom err....C
  • #7,894
  • Aug 19, 2020 1:34pm Aug 19, 2020 1:34pm
I have this pending sell yet to be triggered..it's OK if I don't get it
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 61 KB
the cautious seldom err....C
  • #7,895
  • Aug 20, 2020 6:28am Aug 20, 2020 6:28am
Quoting pips29
No trade. H4 broken down.,therefore set up on H1 invalidated
H4 turned around and became bullish which led to me taking the trade..I locked in my stop and it got hit..it's now looking like my target will be hit
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM15.png Size: 68 KB
the cautious seldom err....C
  • #7,896
  • Aug 20, 2020 6:38am Aug 20, 2020 6:38am
Quoting pips29
I have this pending sell yet to be triggered..it's OK if I don't get it {image}
pending sell triggered and made some pips but still stuck with entry earlier..this morning I did another sell but lost 4 pips..I re-entered short after and this is the current position..I have to leave the house in 30 minutes time and will leave it to market to decide
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 70 KB
the cautious seldom err....C
  • #7,897
  • Aug 20, 2020 6:44am Aug 20, 2020 6:44am
Quoting pips29
2 trades taken {image} {image}
I still have the trade and added another entry not too long ago almost at the same price ..hope to get them to b/e before I leave the computer
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 68 KB
the cautious seldom err....C
  • #7,898
  • Aug 20, 2020 6:47am Aug 20, 2020 6:47am
last night entry long brought in some pips but was kicked out later at b/e..this morning I did another buy and also made some pips before being kicked out again
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 58 KB
the cautious seldom err....C
  • #7,899
  • Aug 20, 2020 7:17am Aug 20, 2020 7:17am
Quoting pips29
{quote} H4 turned around and became bullish which led to me taking the trade..I locked in my stop and it got hit..it's now looking like my target will be hit {image}
I watched this one Eric.

Bounced nicely off the 200ma on H1 before giving a nice buy signal at frankie. Trade of the week!! Well called.
Always be kind to someone with access to your toothbrush.
  • #7,900
  • Aug 20, 2020 8:36am Aug 20, 2020 8:36am
I got 20pips , possibly will go lower , but when I try hold for bigger gains I'm ending up with b/e or minus.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 91 KB
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