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A very simple system - trade with arrow

  • #8,101
  • Feb 26, 2021 1:38pm Feb 26, 2021 1:38pm
It was a very short stop entry. Probably, it was necessary to enter a little later, if you look at the m5. But I entered the pinbar on m15
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Trading has been and always will be, a hard way to make an easy living.
  • #8,102
  • Feb 26, 2021 4:19pm Feb 26, 2021 4:19pm
Quoting Boobligoom
It was a very short stop entry. Probably, it was necessary to enter a little later, if you look at the m5. But I entered the pinbar on m15{image}{image}
just some comments: you could have taken some out at/near the new H and take all/some at the next pivot (R 2) since R1 was already broken earlier before your entry..you can use the pivots to target your profit rather than the adr because it's useless when price is trending strongly..the adr is useful when price is ranging, in a strong trending market use the pivots instead
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the cautious seldom err....C
  • #8,103
  • Feb 26, 2021 4:28pm Feb 26, 2021 4:28pm
Quoting Boobligoom
The market is finally moving as it should{image}{image}
guess you know where you could have taken profit and also re-entered later..entry to me is not as important as the exit,,exit determines how much money you make, not the entry
the cautious seldom err....C
  • #8,104
  • Feb 28, 2021 6:17am Feb 28, 2021 6:17am
Quoting Foolsgame
**now this thread no longer using arrow. just 10/34 EMA from 15 minutes refering trend from H1 and H4 with the CCI please read latest post for more info**
Excuse me, I only find "CCI 50 above 0 for long and under 0 for short"
How about CCI 14?
Thanks
  • #8,105
  • Mar 1, 2021 7:13am Mar 1, 2021 7:13am
Quoting pips29
{quote} guess you know where you could have taken profit and also re-entered later..entry to me is not as important as the exit,,exit determines how much money you make, not the entry
You are probably talking about the target at support 2. Taking take there would be the best solution. Subsequent entrances were not entirely clean (I think you are talking about points 2-3). Also Friday told me there is enough trade this week.
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Trading has been and always will be, a hard way to make an easy living.
  • #8,106
  • Mar 1, 2021 7:15am Mar 1, 2021 7:15am
Quoting pips29
{quote} just some comments: you could have taken some out at/near the new H and take all/some at the next pivot (R 2) since R1 was already broken earlier before your entry..you can use the pivots to target your profit rather than the adr because it's useless when price is trending strongly..the adr is useful when price is ranging, in a strong trending market use the pivots instead {image}
Thanks for the tip pips29. now I will try to pay attention to it.
Trading has been and always will be, a hard way to make an easy living.
  • #8,107
  • Mar 1, 2021 8:48am Mar 1, 2021 8:48am
Quoting Boobligoom
{quote} You are probably talking about the target at support 2. Taking take there would be the best solution. Subsequent entrances were not entirely clean (I think you are talking about points 2-3). Also Friday told me there is enough trade this week.{image}
yes ,the S2 is the target and re-entry the candle after the hammer when price went down and crossed over the 34 ema or to be safe after the candle has formed
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the cautious seldom err....C
  • #8,108
  • Mar 1, 2021 10:14am Mar 1, 2021 10:14am
Quoting pips29
{quote} yes ,the S2 is the target and re-entry the candle after the hammer when price went down and crossed over the 34 ema or to be safe after the candle has formed {image}
Thank you pips29. I have been on the market since 2010. I have lost a lot of money in the market. I have reverted to your trading style 3 times. And every time I lost money. I thought the problem was with your system. But now I realized that intraday trading is not my calling. She changes me. It transforms me from a cold-blooded trader to a gambler. I was successful in swing trading (H1-D1) when I had time to think to make a decision. There were unprofitable months (this is inevitable in trading) and then I tried to make money on intraday trading, mistakenly believing that my system had stopped working. Intraday I was losing even more money, but this was due to my discipline and the fact that I had no experience in trading your system.
Intraday trading exhausts me. It is very difficult physically and emotionally. It is completely different when trading positionally. You know where the price is likely to go in the near future and your stop is not knocked down by false breakouts of 20-30 points. I'm going to go back to trading D1-H4-h1. Thank you for your work and knowledge that you have shared all these years here on the forum.
I read that you also trade HTF charts, just don't know where you are sharing them. I would be glad to know more about your trading.
Trading has been and always will be, a hard way to make an easy living.
  • #8,109
  • Mar 1, 2021 10:39am Mar 1, 2021 10:39am
If you are better suited on H1 and above then you should use these tf for your trading..have you tried using this method on H1..
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the cautious seldom err....C
  • #8,110
  • Mar 1, 2021 10:41am Mar 1, 2021 10:41am
Quoting pips29
If you are better suited on H1 and above then you should use these tf for your trading..have you tried using this method on H1.. {image}
as you can see the trend is down on this tf, so you should be looking for a short entry of which there were several
the cautious seldom err....C
  • #8,111
  • Mar 1, 2021 11:17am Mar 1, 2021 11:17am
Quoting pips29
If you are better suited on H1 and above then you should use these tf for your trading..have you tried using this method on H1.. {image}
In my trading, I have always used trading with the EMA50 and EMA21. I recently changed 21 to 34, which I noticed in your trading. I didn't trade your system on H1 .. only m5 / m15. Most of the time I trade divergences trying to catch reversals. But long trends 2-3 times a year eat up part of the profit. I want to enable trend trading from MA34 / 50 just like you.
My main TF H4. The problem for me is that if I see that the price is near 34/50 (downtrend), then by going to H1 I will see an uptrend. When I expect the price to reverse on H1 and there will be a downtrend, then I enter 30-50 pips at the worst entry point. I am still trying to figure this out.

At the moment my graphs look like this. But I am still experimenting with your indicators to see if they are right for me.
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Trading has been and always will be, a hard way to make an easy living.
  • #8,112
  • Edited 12:47pm Mar 1, 2021 12:35pm | Edited 12:47pm
Quoting Boobligoom
{quote} In my trading, I have always used trading with the EMA50 and EMA21. I recently changed 21 to 34, which I noticed in your trading. I didn't trade your system on H1 .. only m5 / m15. Most of the time I trade divergences trying to catch reversals. But long trends 2-3 times a year eat up part of the profit. I want to enable trend trading from MA34 / 50 just like you. My main TF H4. The problem for me is that if I see that the price is near 34/50 (downtrend), then by going to H1 I will see an uptrend. When I expect the price to reverse on H1...
imo you should always follow the TF of your entry..if you are trading H1 then every thing must be in line for you to take the trade, don't try to follow the trend on the higher tf when the lower tf is indicating otherwise..when you follow the higher tf trend and trade it on the ltf which is contradicting he htf trend you will suffer a dd on the ltf before the trend reverse to join the htf trend, this might mean a dd which can run above 50 pips with gbp pairs and possibly over 100 pips..the other way to trade is to wait for H1 to be in line with the direction of H4, so wait for this to happen and you will probably avoid unnecessary dd
the cautious seldom err....C
  • #8,113
  • Mar 1, 2021 9:10pm Mar 1, 2021 9:10pm
Quoting dbsdsun
{quote} Excuse me, I only find "CCI 50 above 0 for long and under 0 for short" How about CCI 14? Thanks
CCI 14 is for checking the liquidity
Do it like a Fool
  • #8,114
  • Mar 2, 2021 2:03am Mar 2, 2021 2:03am
NZDCHF lose
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  • #8,115
  • Mar 2, 2021 5:46am Mar 2, 2021 5:46am
Quoting pips29
{quote} imo you should always follow the TF of your entry..if you are trading H1 then every thing must be in line for you to take the trade, don't try to follow the trend on the higher tf when the lower tf is indicating otherwise..when you follow the higher tf trend and trade it on the ltf which is contradicting he htf trend you will suffer a dd on the ltf before the trend reverse to join the htf trend, this might mean a dd which can run above 50 pips with gbp pairs and possibly over 100 pips..the other way to trade is to wait for H1 to be in line...
OK. thank
Trading has been and always will be, a hard way to make an easy living.
  • #8,116
  • Mar 2, 2021 6:00am Mar 2, 2021 6:00am
Quoting dbsdsun
NZDCHF lose {image} {image}
any reason you trade this pair? there must be other pairs to trade..I don't trade within the first 1-2 hours after the changeover, firstly the spreads are wide and also it's too early to really see the direction imo
the cautious seldom err....C
  • #8,117
  • Mar 2, 2021 6:05am Mar 2, 2021 6:05am
I took a short yesterday and it hit my target while I was asleep
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the cautious seldom err....C
  • #8,118
  • Mar 2, 2021 7:26am Mar 2, 2021 7:26am
Quoting pips29
{quote} any reason you trade this pair? there must be other pairs to trade..I don't trade within the first 1-2 hours after the changeover, firstly the spreads are wide and also it's too early to really see the direction imo
I'm in Sydney. I can check NZD or AUD in my day time.

Now, I only focus on EURUSD and NZDCHF.

EURUSD is very popular. NZDCHF just chosen by chance.

Thanks for your comments.

I think I should check regularly, cut any lose at the beginning and trade carefully, patiently.
  • #8,119
  • Mar 2, 2021 12:48pm Mar 2, 2021 12:48pm
a trade I took and posted in another thread
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the cautious seldom err....C
  • #8,120
  • Mar 2, 2021 1:22pm Mar 2, 2021 1:22pm
NU seems to be interesting, price has rejected the 200 ema several times on H4 and moved more than 100 pips ..there is +ve hidden divergence this time round and price rejected the 78.6 level of the fib. as shown on my chart..I reckon should price moves up 74 would be a nice target with higher levels above in focus..I'm not in a position yet,,let's see
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the cautious seldom err....C
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