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A very simple system - trade with arrow

  • #8,181
  • May 29, 2021 7:43am May 29, 2021 7:43am
Quoting pips29
looks like nobody else is trading this method except you Giedrius..as you trade M5 I would suggest a stop of not more than 15 pips,,if you enter correctly the stop can be reduced to under 10..look at the charts carefully and you can find entries where the stop can be 5 - 10 pips
Yes Eric, this method is and simple and not at same time, but I don't know why, but I like it. I'm having hard time to get at the right spot, but to be honest
trading 15min. I had even harder to get it right and I don't know why. 15min. seems should be easier!? I like to trade with small stops, but I get burned often. Most often I miss good moves and I get in for left overs. It's hard do not be consistent. Maybe is truth about traders trading small tf gonna fail?!
  • #8,182
  • May 29, 2021 9:27am May 29, 2021 9:27am
Quoting Giedrius
{quote} Yes Eric, this method is and simple and not at same time, but I don't know why, but I like it. I'm having hard time to get at the right spot, but to be honest trading 15min. I had even harder to get it right and I don't know why. 15min. seems should be easier!? I like to trade with small stops, but I get burned often. Most often I miss good moves and I get in for left overs. It's hard do not be consistent. Maybe is truth about traders trading small tf gonna fail?!
Diedrius, I notice you trade most of the time during the afternoon. Are you not around to trade in the morning?
the cautious seldom err....C
  • #8,183
  • May 29, 2021 9:41am May 29, 2021 9:41am
here's an example of where to enter and placing of stop....just place the stop 3 pips above the 34 ema( in this case just under 10 pips from the entry) and be aware of the DP which can act as S in this case..when the trend continues your stop is never threatened..as it's a trending trading method we ride the trend as far as it can go or to our target (20-30 pips is good for M15). If the trend does not continue and therefore hit the stop we will lose 10 pips, no big deal..we get it back 2-3 times more on the next trade..the short is also supported by the cci
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #8,184
  • May 29, 2021 9:41am May 29, 2021 9:41am
Quoting pips29
{quote} Diedrius, I notice you trade most of the time during the afternoon. Are you not around to trade in the morning?
This is the deal, I'm at work in the morning and all best moves after London opens and then just consolidating small move here and there.
I thought that is my biggest problem. Another maybe I'm just not good enough
  • #8,185
  • May 29, 2021 9:44am May 29, 2021 9:44am
simple trade, just don't get greedy
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the cautious seldom err....C
  • #8,186
  • May 29, 2021 9:47am May 29, 2021 9:47am
yet another one, cannot get simpler than this
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the cautious seldom err....C
  • #8,187
  • May 29, 2021 9:50am May 29, 2021 9:50am
a pair I seldom trade but the set up is there
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #8,188
  • May 29, 2021 9:57am May 29, 2021 9:57am
Quoting Giedrius
{quote} This is the deal, I'm at work in the morning and all best moves after London opens and then just consolidating small move here and there. I thought that is my biggest problem. Another maybe I'm just not good enough
anybody can trade but just don't let emotion and doubt rule your head(very hard to do, I know)..you must have complete trust in the method you use and correct mistakes you make, a person who doesn't correct a mistake is making another mistake, said a wise man
the cautious seldom err....C
  • #8,189
  • May 30, 2021 5:18am May 30, 2021 5:18am
[quote = pips29; 13559583] có vẻ như không ai khác đang giao dịch theo phương pháp này ngoại trừ bạn Giedrius..nếu bạn giao dịch M5, tôi sẽ đề xuất dừng không quá 15 pips, nếu bạn nhập đúng, điểm dừng có thể giảm xuống dưới 10. .Xem các biểu đồ một cách cẩn thận và bạn có thể t́m thấy các mục nhập mà điểm dừng có thể là 5 - 10 pips [/ quote]
i have been following this helpful thread about 6 months ago, tried this strategy but no success, recently i have added an RSI indicator 5 and 14 the success rate is very encouraging. thank you guys contributed to this topic.
  • #8,190
  • May 30, 2021 5:19am May 30, 2021 5:19am
Quoting pips29
{quote} anybody can trade but just don't let emotion and doubt rule your head(very hard to do, I know)..you must have complete trust in the method you use and correct mistakes you make, a person who doesn't correct a mistake is making another mistake, said a wise man
Sorry Eric I didn't thank you yesterday for all time you spend bringing all this examples and explanations, appreciateyou are a good man!
I'm trying to do all this and read the charts within my capabilities. This trade also I thought price got rejected twice from DP so should go down, and it did, after I was out.
Maybe SL was even to big for that, but this bug inside saying, possible will turn around.
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  • #8,191
  • May 30, 2021 5:26am May 30, 2021 5:26am
Quoting turkishmarch
[quote = pips29; 13559583] có vẻ như không ai khác đang giao dịch theo phương pháp này ngoại trừ bạn Giedrius..nếu bạn giao dịch M5, tôi sẽ đề xuất dừng không quá 15 pips, nếu bạn nhập đúng, điểm dừng có thể giảm xuống dưới 10. .Xem các biểu đồ một cách cẩn thận và bạn có thể t́m thấy các mục nhập mà điểm dừng...
good to hear turkishmarch that you managed increase wining ratio, would you share couple of your trade charts with your trades, if not too much trouble?
  • #8,192
  • May 30, 2021 5:50am May 30, 2021 5:50am
Quoting Giedrius
{quote} Sorry Eric I didn't thank you yesterday for all time you spend bringing all this examples and explanations, appreciateyou are a good man! I'm trying to do all this and read the charts within my capabilities. This trade also I thought price got rejected twice from DP so should go down, and it did, after I was out. Maybe SL was even to big for that, but this bug inside saying, possible will turn around. {image}
Giedrius, it pays to take notice of the slope of the 34 ema , in this case it was almost flat when you entered, better to look for one with a slope
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 59 KB
the cautious seldom err....C
  • #8,193
  • May 30, 2021 5:57am May 30, 2021 5:57am
Quoting pips29
{quote} Giedrius, it pays to take notice of the slope of the 34 ema , in this case it was almost flat when you entered, better to look for one with a slope {image}
got itnow you go enjoy BH
  • #8,194
  • May 30, 2021 5:58am May 30, 2021 5:58am
the dragon on Friday with a flat ema,,,don't trade this kind of chart
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the cautious seldom err....C
  • #8,195
  • May 30, 2021 5:59am May 30, 2021 5:59am
Quoting Giedrius
{quote} got itnow you go enjoy BH
what's BH?
the cautious seldom err....C
  • #8,196
  • Edited 6:23am May 30, 2021 6:07am | Edited 6:23am
[quote = Giedrius; 13560041] {quote} rất vui khi nghe turkishmarch rằng bạn đă quản lư để tăng tỷ lệ thắng , bạn có thể chia sẻ vài biểu đồ giao dịch với các giao dịch của ḿnh không, nếu không quá rắc rối? [/ quote]
happy to share with you guys. watch any currency pair when it shows hidden divergence (continuation) or normal divergence (reversion) wait for candle to close above fast EMA The fast EMA cuts above the slow EMA, then enter trading, wait for the RSI 5 to nearly touch the 85 (up trend) or 15 (down trend) area and the candle shape at that point to close the order.
Attached Image (click to enlarge)
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  • #8,197
  • May 30, 2021 6:08am May 30, 2021 6:08am
Quoting turkishmarch
[quote = pips29; 13559583] có vẻ như không ai khác đang giao dịch theo phương pháp này ngoại trừ bạn Giedrius..nếu bạn giao dịch M5, tôi sẽ đề xuất dừng không quá 15 pips, nếu bạn nhập đúng, điểm dừng có thể giảm xuống dưới 10. .Xem các biểu đồ một cách cẩn thận và bạn có thể t́m thấy các mục nhập mà điểm dừng...
Please share your trades by posting the charts for us to review, we can learn from you
the cautious seldom err....C
  • #8,198
  • May 30, 2021 6:15am May 30, 2021 6:15am
Quoting pips29
{quote} what's BH?
Bank holiday
  • #8,199
  • May 30, 2021 6:15am May 30, 2021 6:15am
Quoting pips29
{quote} Please share your trades by posting the charts for us to review, we can learn from you
It's been a long time since I heard someone say that you are the machine that produces pips. I would love to learn from you.
  • #8,200
  • May 30, 2021 6:37am May 30, 2021 6:37am
[quote=turkishmarch;13560070]{quote} It's been a long time since I heard someone say that you are the machine that produces pips. I would love to learn from you.[/qu
ha,ha...you won't fail by going to the nearest ATM..plenty of pips in there
Attached Image
the cautious seldom err....C
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