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

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A very simple system - trade with arrow

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  • Post #8,201
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  • May 30, 2021 9:46am May 30, 2021 9:46am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
Quoting Giedrius
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{quote} Bank holiday
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and also a holiday in the US..wonder what the market will be like
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the cautious seldom err....C
 
 
  • Post #8,202
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  • May 30, 2021 10:34am May 30, 2021 10:34am
  •  Giedrius
  • | Joined Aug 2018 | Status: Member | 223 Posts
Quoting pips29
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{quote} and also a holiday in the US..wonder what the market will be like {image}
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something like this
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  • Post #8,203
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  • May 31, 2021 7:24am May 31, 2021 7:24am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
just a small trade , I have other yen trades
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the cautious seldom err....C
 
 
  • Post #8,204
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  • May 31, 2021 8:48am May 31, 2021 8:48am
  •  Giedrius
  • | Joined Aug 2018 | Status: Member | 223 Posts
I see some resistant on the left, would you taken this trade Eric or this was bad move?
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  • Post #8,205
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  • May 31, 2021 8:49am May 31, 2021 8:49am
  •  preshi
  • | Joined May 2014 | Status: Member | 8 Posts
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  • Post #8,206
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  • May 31, 2021 9:13am May 31, 2021 9:13am
  •  preshi
  • | Joined May 2014 | Status: Member | 8 Posts
Trade flip from buy to sell
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  • Post #8,207
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  • May 31, 2021 9:18am May 31, 2021 9:18am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
Quoting Giedrius
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I see some resistant on the left, would you taken this trade Eric or this was bad move? {image}
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yes, I would or the candle close of previous candle..first R .7208 and second .7300
the cautious seldom err....C
 
 
  • Post #8,208
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  • May 31, 2021 9:30am May 31, 2021 9:30am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
I have decided to keep the 50 ema on my ltf charts; i.e M1- M30 in line with my other method on htf, H1-Mth..I'm using "combo" charts..it's the same chart but with 2 different methods
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the cautious seldom err....C
 
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  • Post #8,209
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  • May 31, 2021 9:40am May 31, 2021 9:40am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
Quoting preshi
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{image}
Ignored
Hey preshi, I reckon you are trading with the 5 ema with shift 2 or 3 and a makeshift tdi..more suited to posting in the TMS thread...your chart is nothing like mine
the cautious seldom err....C
 
 
  • Post #8,210
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  • May 31, 2021 10:10am May 31, 2021 10:10am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
I'm closing the trade now , not going to press my luck with the holidays in UK and US
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the cautious seldom err....C
 
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  • Post #8,211
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  • May 31, 2021 11:23am May 31, 2021 11:23am
  •  Giedrius
  • | Joined Aug 2018 | Status: Member | 223 Posts
Quoting pips29
Disliked
I have decided to keep the 50 ema on my ltf charts; i.e M1- M30 in line with my other method on htf, H1-Mth..I'm using "combo" charts..it's the same chart but with 2 different methods {image} {image}
Ignored
I think with naked chart you will make money EricI had to go to town so I closed my trade with +2pips I can see if I left it I would have more
just was looking like in slow motion move so did't want to leave unattended. It's always tomorrow
 
 
  • Post #8,212
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  • Edited at 11:50am May 31, 2021 11:38am | Edited at 11:50am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
Quoting Giedrius
Disliked
{quote} I think with naked chart you will make money EricI had to go to town so I closed my trade with +2pips I can see if I left it I would have more just was looking like in slow motion move so did't want to leave unattended. It's always tomorrow
Ignored
I believe price hit .7280 as the first R..Yes, I used to trade naked charts with TL but gave that up I also traded supply and demand and learn a thing or two from Red
EDit: for those interested here's the link https://www.forexfactory.com/thread/...-is-everything
the cautious seldom err....C
 
 
  • Post #8,213
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  • Jun 3, 2021 5:48am Jun 3, 2021 5:48am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
not a perfect entry but good enough for some pips..I see some resistence on the daily and so I took the whole trade out
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the cautious seldom err....C
 
1
  • Post #8,214
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  • Jun 3, 2021 6:32am Jun 3, 2021 6:32am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
I can't remember when I last traded this pair, a year or maybe two years ago , but the set up looks good and so I took it as my first trade of the morning..a very small stop
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the cautious seldom err....C
 
1
  • Post #8,215
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  • Jun 3, 2021 8:47am Jun 3, 2021 8:47am
  •  Giedrius
  • | Joined Aug 2018 | Status: Member | 223 Posts
Quoting pips29
Disliked
not a perfect entry but good enough for some pips..I see some resistence on the daily and so I took the whole trade out {image}
Ignored
Well done Eric, I was almost in that same, but I took a loss.
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  • Post #8,216
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  • Jun 3, 2021 9:37am Jun 3, 2021 9:37am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
good spot to short the loonie now
the cautious seldom err....C
 
 
  • Post #8,217
  • Quote
  • Jun 3, 2021 9:40am Jun 3, 2021 9:40am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
Quoting Giedrius
Disliked
{quote} Well done Eric, I was almost in that same, but I took a loss. {image}
Ignored
my trades are based on what I see on the daily, so naturally I have a bigger stop than you
the cautious seldom err....C
 
 
  • Post #8,218
  • Quote
  • Jun 3, 2021 9:41am Jun 3, 2021 9:41am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
Quoting pips29
Disliked
I can't remember when I last traded this pair, a year or maybe two years ago , but the set up looks good and so I took it as my first trade of the morning..a very small stop {image}
Ignored
I'm still in this trade as I decided to go with the daily
the cautious seldom err....C
 
 
  • Post #8,219
  • Quote
  • Jun 3, 2021 9:45am Jun 3, 2021 9:45am
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
I don't play gold but what a drop
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Name: XAUUSDM15.png
Size: 61 KB
the cautious seldom err....C
 
 
  • Post #8,220
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  • Jun 17, 2021 4:04pm Jun 17, 2021 4:04pm
  •  pips29
  • Joined Aug 2012 | Status: Member | 15,625 Posts | Invisible
I was trying to milk this pair as much as possible..Traded twice as shown on the chart
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Size: 56 KB
the cautious seldom err....C
 
 
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