A very simple system - trade with arrow | Page 414 | Forex Factory

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A very simple system - trade with arrow

  • #8,261
  • Jun 22, 2021 4:49am Jun 22, 2021 4:49am
This is what H1 looks like when I took my entry
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 59 KB
the cautious seldom err....C
  • #8,262
  • Jun 22, 2021 4:51am Jun 22, 2021 4:51am
I have doubts with this pair as can be seen with H1...it was not showing long yet when I entered...by following this simple rule, you filter out 50:50 trades and following the rule will put you >80% in your favour
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 56 KB
the cautious seldom err....C
  • #8,263
  • Jun 22, 2021 6:15am Jun 22, 2021 6:15am
Hello, please tell me which timeframe is better to use for XAUUSD?
  • #8,264
  • Jun 22, 2021 11:43pm Jun 22, 2021 11:43pm
Quoting pips29
Please ensure H1 is also showing a sell before you enter using the ltf like M1/M5/m15..it's just to make sure you are following a htf like H1..if the trade does not work out, at least you have the consolation you took your entry correctly, {image}
yes, H1 ema directions is helpful
MA provides the market's current direction and strength.
  • #8,265
  • Jun 22, 2021 11:45pm Jun 22, 2021 11:45pm
Quoting pips29
I have doubts with this pair as can be seen with H1...it was not showing long yet when I entered...by following this simple rule, you filter out 50:50 trades and following the rule will put you >80% in your favour {image}
Hi pips29

when H1 50 ema is flat are you execute trade in LTF ? even LTF 50 ema slope is there.

I usually don't target 80% win rate, 50%+ is good enough for me.
MA provides the market's current direction and strength.
  • #8,266
  • Jun 23, 2021 2:51am Jun 23, 2021 2:51am
Quoting hasib
{quote} Hi pips29 when H1 50 ema is flat are you execute trade in LTF ? even LTF 50 ema slope is there. I usually don't target 80% win rate, 50%+ is good enough for me.
when the ema is flat you can view that as S/R level
the cautious seldom err....C
  • #8,267
  • Jul 9, 2021 6:38am Jul 9, 2021 6:38am
a quick scalp
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 52 KB
the cautious seldom err....C
  • #8,268
  • Jul 9, 2021 7:35am Jul 9, 2021 7:35am
decided to close the trade at the adr
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 49 KB
the cautious seldom err....C
  • #8,269
  • Jul 11, 2021 9:05am Jul 11, 2021 9:05am
Quoting pips29
decided to close the trade at the adr {image}
Good TC trade, pips29
may I know your name.
MA provides the market's current direction and strength.
  • #8,270
  • Jul 12, 2021 9:53am Jul 12, 2021 9:53am
just a small scalp for Monday
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.rM5.png Size: 54 KB
the cautious seldom err....C
  • #8,271
  • Edited 4:27pm Jul 12, 2021 1:28pm | Edited 4:27pm
entry earlier did not hit my target and so I'm giving this another go..I plan to take the trade out before the changeover..let's see ..Target is 16 pips and stop 7 only
EDit; did not hit target before the changeover ,and trade closed manually
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD.rM5.png Size: 62 KB
Click to Enlarge Name: USDCAD.rM5a.png Size: 59 KB
the cautious seldom err....C
  • #8,272
  • Oct 25, 2021 10:08am Oct 25, 2021 10:08am
I have added the vwap indicator as added confirmation for scalping for 10 -20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM5.png Size: 60 KB
the cautious seldom err....C
  • #8,273
  • Jan 19, 2022 12:24pm Jan 19, 2022 12:24pm
scalping using M5. I waited for the retrace to the pivot to pull the trigger after price closed above it
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM5.png Size: 62 KB
the cautious seldom err....C
  • #8,274
  • Jan 20, 2022 10:19am Jan 20, 2022 10:19am
using M5 I went short with 2 entries
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 65 KB
the cautious seldom err....C
  • #8,275
  • Jan 20, 2022 10:22am Jan 20, 2022 10:22am
both entries long were done on pullback using M5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 58 KB
the cautious seldom err....C
  • #8,276
  • Edited 5:19pm Jan 20, 2022 11:22am | Edited 5:19pm
chancing longs now,,weekly and daily range already reached/exceeded
EDit: bad entry ,took a loss
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 70 KB
the cautious seldom err....C
  • #8,277
  • Jan 20, 2022 5:19pm Jan 20, 2022 5:19pm
a quick scalp
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 57 KB
the cautious seldom err....C
  • #8,278
  • Jan 21, 2022 8:56am Jan 21, 2022 8:56am
short CadY
EDit: stop at b/e now
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM5.png Size: 59 KB
the cautious seldom err....C
  • #8,279
  • Jan 21, 2022 9:00am Jan 21, 2022 9:00am
I scalped this earlier with some green pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 59 KB
the cautious seldom err....C
  • #8,280
  • Jan 21, 2022 9:27am Jan 21, 2022 9:27am
left with 1 portion for target lower down and trade is locked in with +ve stop
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM5.png Size: 58 KB
the cautious seldom err....C
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