A very simple system - trade with arrow | Page 408 | Forex Factory

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A very simple system - trade with arrow

  • #8,141
  • May 11, 2021 8:34am May 11, 2021 8:34am
Quoting pips29
{quote} Giedrius, p.a has been difficult to read and choppy since the start of this week's trading..where you have taken the trade is not a high probability trade..when the market is trending you won't find a candle closing above the 34 ema after a 10/34 ema cross. In this case there was a candle close above the 34 ema just 4 candles earlier when you entered..playing the trend means having a trend with a strong momentum bias and when it happens the 34 ema will not be violated..Hindsight is easy ofc
thanks eric!
  • #8,142
  • May 12, 2021 8:11am May 12, 2021 8:11am
the 50ema as dynamic support played out well on GN and GA
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the cautious seldom err....C
  • #8,143
  • May 14, 2021 8:58am May 14, 2021 8:58am
not big, 15pips , 5min. tf
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  • #8,144
  • May 14, 2021 9:21am May 14, 2021 9:21am
Quoting Giedrius
not big, 15pips , 5min. tf {image}
good trade many traders look for 10 pips every day, so 15 pips is nothing to be ashamed of ..I guess you only trade during NY session when you are in front of the computer
EDit: was the trade taken using this method or the one that you use when you started trading forex
the cautious seldom err....C
  • #8,145
  • May 14, 2021 9:38am May 14, 2021 9:38am
Quoting pips29
{quote} good trade many traders look for 10 pips every day, so 15 pips is nothing to be ashamed of ..I guess you only trade during NY session when you are in front of the computer EDit: was the trade taken using this method or the one that you use when you started trading forex
I used my old method, but they are very similar.
I just need to be more selective with my trades, and more patient, about this need to talk with Aegis8
  • #8,146
  • May 18, 2021 6:07am May 18, 2021 6:07am
Trade from yesterday -10pips, I thought will be retracemente on 4 ht, but this was bottom of retracement.
Poor judgement.
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  • #8,147
  • Edited 8:37am May 18, 2021 7:51am | Edited 8:37am
I took UJ couple candles back ,not sure if was good idea 4H.candle just sitting on 200ema ?!
-5pips, wicks, 3 tops no need better proof that I am in wrong trade !
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  • #8,148
  • May 18, 2021 8:16am May 18, 2021 8:16am
Quoting Giedrius
I took UJ couple candles back ,not sure if was good idea 4H.candle just sitting on 200ema ?! {image}
can't comment. ,my first trade of the day is a long on the daily..The trade is still there
the cautious seldom err....C
  • #8,149
  • May 19, 2021 6:44am May 19, 2021 6:44am
I thought was nice set up and another loss
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  • #8,150
  • May 19, 2021 7:31am May 19, 2021 7:31am
[quote=Giedrius;13544719]I thought was nice set up and another loss {image}[/
The pound is running wild today
the cautious seldom err....C
  • #8,151
  • May 22, 2021 3:28am May 22, 2021 3:28am
I took 2 late evening scalp trades just to satisfy my "craving"..being Friday and late in the evening, it's really not the time to trade..anyway, I achieved +ve results and going forward from today I will use the M5 chart for my trading. I will post the trades after they are done. I'm not the guru and in no competition with any other trader. I will just share the trades I took for the day. I'm open for discussion and will respond to questions about entry and exit. Do not ask questions about psychology,risk management and other stuff you find readily available over the net..please feel free to participate so that we can enjoy and learn together, you and I are just participants of this game
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the cautious seldom err....C
  • #8,152
  • May 22, 2021 4:00am May 22, 2021 4:00am
Well done eric, I was jumping in this trend 3 times and got spiked out at b/e. When trade progress 10pips in my favour I move sl to b/e
but didn't work well there.
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  • #8,153
  • May 22, 2021 4:09am May 22, 2021 4:09am
Quoting Giedrius
Well done eric, I was jumping in this trend 3 times and got spiked out at b/e. When trade progress 10pips in my favour I move sl to b/e but didn't work well there. {image}
unlucky Giedrius but when trading towards the pivot you have to make sure that price does not get rejected there..if you have taken 10 pips on each trade you would have made 30 pips. Hindsight is a great teacher. I also encounter the same problem like you have in cases where I'm not too certain of the outcome especially when trading towards a pivot..your initial stop loss would have been enough to see your trade through if you had not moved it..
EDit: perhaps you should look at scaling, take some out at 10 pips and so on
the cautious seldom err....C
  • #8,154
  • May 22, 2021 4:19am May 22, 2021 4:19am
you could trade both ways and make money
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the cautious seldom err....C
  • #8,155
  • May 22, 2021 4:23am May 22, 2021 4:23am
there were many and here's another one where selling and buying work..
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the cautious seldom err....C
  • #8,156
  • May 22, 2021 4:32am May 22, 2021 4:32am
yes I know what you eric, this over protecting your capital doesn't work always and is very hard to find balance and right way
I don't think there is any formula for that! Here I took 10pips entrance wasn't great could have been better a bit earlier and exited when I saw second time bouncing from support. We have say : sometimes better sparrow in hand as bear in the forest
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  • #8,157
  • May 22, 2021 4:46am May 22, 2021 4:46am
Quoting Giedrius
yes I know what you eric, this over protecting your capital doesn't work always and is very hard to find balance and right way I don't think there is any formula for that! Here I took 10pips entrance wasn't great could have been better a bit earlier and exited when I saw second time bouncing from support. We have say : sometimes better sparrow in hand as bear in the forest {image}
looks like a NYO trade on Thursday..I don't trade opening sessions as there are many traps..I don't care about the open sessions when trading htf like the daily where you will know it's on a different template
the cautious seldom err....C
  • #8,158
  • May 22, 2021 4:52am May 22, 2021 4:52am
I have not heard of this before
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the cautious seldom err....C
  • #8,159
  • May 22, 2021 4:54am May 22, 2021 4:54am
Quoting pips29
{quote} looks like a NYO trade on Thursday..I don't trade opening sessions as there are many traps..I don't care about the open sessions when trading htf like the daily where you will know it's on a different template
I'll keep in mind this about NY open
  • #8,160
  • May 22, 2021 4:57am May 22, 2021 4:57am
Quoting pips29
I have not heard of this before {image}
this is actually from hunters philosophy in my country
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