A very simple system - trade with arrow | Page 399 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need help for this very very simple indicator 1 reply

Looking for simple arrow indicator 0 replies

lets develop a system which is very very simple but effective. 7 replies

Can anyone add a simple crossover arrow to this? 2 replies

mt4 coder needed for a very very simple system 2 replies

Attachments: A very simple system - trade with arrow
Exit Attachments

A very simple system - trade with arrow

  • #7,961
  • Sep 22, 2020 9:28pm Sep 22, 2020 9:28pm
those shark coming out to hunt small fish like us...ouch
Do it like a Fool
  • #7,962
  • Sep 23, 2020 5:16am Sep 23, 2020 5:16am
short NU ,tight stop
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 50 KB
the cautious seldom err....C
  • #7,963
  • Sep 23, 2020 9:14am Sep 23, 2020 9:14am
just got back from outside not too long ago...here's another short
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 54 KB
the cautious seldom err....C
  • #7,964
  • Sep 23, 2020 9:17am Sep 23, 2020 9:17am
taken some out and trade protected at 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 50 KB
the cautious seldom err....C
  • #7,965
  • Sep 23, 2020 9:25am Sep 23, 2020 9:25am
I have moved back to a black template as it is easier on my eyes .. I have 2 indicators below my main chart, the cci and the mtf cci histogram
the cautious seldom err....C
  • #7,966
  • Sep 23, 2020 9:37am Sep 23, 2020 9:37am
Quoting pips29
I have moved back to a black template as it is easier on my eyes .. I have 2 indicators below my main chart, the cci and the mtf cci histogram
Well done on todays trades Eric. First rate as per usual!!

I'd like to ask you a question if I may be so bold....

In regards to the histo, do you look for all colours to match as a criteria for entering a trade or will you sometimes enter if all colours do not correlate??
Always be kind to someone with access to your toothbrush.
  • #7,967
  • Sep 23, 2020 9:37am Sep 23, 2020 9:37am
taken a portion out and stopped moved to b/e..safe and free trade now
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 53 KB
the cautious seldom err....C
  • #7,968
  • Sep 23, 2020 10:27am Sep 23, 2020 10:27am
stopped out...revert to M5 and look for a re-entry
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 54 KB
the cautious seldom err....C
  • #7,969
  • Sep 23, 2020 10:33am Sep 23, 2020 10:33am
Quoting pips29
stopped out...revert to M5 and look for a re-entry {image}
re-entered
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 56 KB
the cautious seldom err....C
  • #7,970
  • Edited 11:17am Sep 23, 2020 10:53am | Edited 11:17am
locking in at b/e as I have to be away from the computer for a short time Edit: stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 56 KB
the cautious seldom err....C
  • #7,971
  • Sep 23, 2020 11:28am Sep 23, 2020 11:28am
Quoting RichBarstead
{quote} Well done on todays trades Eric. First rate as per usual!! I'd like to ask you a question if I may be so bold.... In regards to the histo, do you look for all colours to match as a criteria for entering a trade or will you sometimes enter if all colours do not correlate??
I must have missed your post earlier..my entry is normally guided by the CCI 50..if it's above 0 I look for a long trade, when the colour is blue on the histogram on the second tf from the top (which is my primary trend) I will enter when the cci 14 crosses back above 0..The next tf on the histogram(the one just above my entry tf) would preferably be of the same colour as the one on my entry..If all 4 are of the same colour, then I have 4 tf showing the same direction..not sure if you understand what I mean but I believe you use the cci20
the cautious seldom err....C
  • #7,972
  • Sep 23, 2020 11:38am Sep 23, 2020 11:38am
as I was away from the computer for 2 hours near NY open I miss this trade..would have been a great trade easy peasy
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 53 KB
the cautious seldom err....C
  • #7,973
  • Sep 23, 2020 12:34pm Sep 23, 2020 12:34pm
Quoting pips29
{quote} I must have missed your post earlier..my entry is normally guided by the CCI 50..if it's above 0 I look for a long trade, when the colour is blue on the histogram on the second tf from the top (which is my primary trend) I will enter when the cci 14 crosses back above 0..The next tf on the histogram(the one just above my entry tf) would preferably be of the same colour as the one on my entry..If all 4 are of the same colour, then I have 4 tf showing the same direction..not sure if you understand what I mean but I believe you use the cci20...
Thanks for the explanation Eric.

I have been testing the cci20 on the higher TF's (H1/H4) as its the setting I was first introduced on using CCI.

On the M15 I use your setup hence my query about the histo as its something I've not come across in your posts.

By what you have said I think I'm on the same wavelength, I like to see M15.M30 and H1 in agreement colour wise.
Always be kind to someone with access to your toothbrush.
  • #7,974
  • Sep 23, 2020 3:24pm Sep 23, 2020 3:24pm
re-entered for the 3rd time and took 2/3 off and balance locked in at b/e..the changeover is 40 minutes away and hopefully the widening of spread will not eat my stop..my target is 1.1632
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 52 KB
the cautious seldom err....C
  • #7,975
  • Sep 23, 2020 3:25pm Sep 23, 2020 3:25pm
Quoting RichBarstead
{quote} Thanks for the explanation Eric. I have been testing the cci20 on the higher TF's (H1/H4) as its the setting I was first introduced on using CCI. On the M15 I use your setup hence my query about the histo as its something I've not come across in your posts. By what you have said I think I'm on the same wavelength, I like to see M15.M30 and H1 in agreement colour wise.
the cautious seldom err....C
  • #7,976
  • Sep 23, 2020 5:20pm Sep 23, 2020 5:20pm
My one successful trade today on m15.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM15.png Size: 51 KB
Always be kind to someone with access to your toothbrush.
  • #7,977
  • Sep 23, 2020 6:29pm Sep 23, 2020 6:29pm
Quoting RichBarstead
My one successful trade today on m15. {image}
nice but I reckon you have to set shift hours to 0 rather than 5 to get your pivots calculated at NY close .Are you using different emas'..here's my chart
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM15.png Size: 53 KB
the cautious seldom err....C
  • #7,978
  • Sep 23, 2020 7:27pm Sep 23, 2020 7:27pm
Quoting pips29
{quote} nice but I reckon you have to set shift hours to 0 rather than 5 to get your pivots calculated at NY close .Are you using different emas'..here's my chart {image}
Ahh, yes.

I had the pivots set to +2 as is my broker so I've reset that to '0'.

The MA's I had set to MaMethod 0 which I now assume is a sma. I have changed it to '1' and now it looks more like yours.

Cheers Eric.
Always be kind to someone with access to your toothbrush.
  • #7,979
  • Sep 24, 2020 3:22am Sep 24, 2020 3:22am
Long gbpchf taken 1 candle earlier
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM15.png Size: 53 KB
the cautious seldom err....C
  • #7,980
  • Sep 24, 2020 3:41am Sep 24, 2020 3:41am
taken 1 portion out and stop moved to b/e
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM15.png Size: 52 KB
the cautious seldom err....C
13 traders viewing now