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A very simple system - trade with arrow

  • #8,341
  • Apr 8, 2022 8:42am Apr 8, 2022 8:42am
Quoting trader2022
3rd trade GBPUSD; USD strong and GBP weak. CCI Blue below Red means Sell signal. {image}

this target also hit. profit secured.
  • #8,342
  • Apr 8, 2022 8:46am Apr 8, 2022 8:46am
NZD Weak, CAD strong.

CCI Blue down. Sell signal.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 104 KB
  • #8,343
  • Apr 8, 2022 8:59am Apr 8, 2022 8:59am
Quoting trader2022
{quote} This is my first trade ever using CCI. What was the reason for taking NZDUSD? The NZD is the weakest at the moment, and the USD is in demand, so I chose this pair to target. My goal is to study your previous trade screenshots, Fool's Game posts, and CCI's method, but for now, as a beginner, I am able to see that Blue down means SELL and Blue up means BUY. This is the best way to learn with 0.01 what you can afford to lose in a real account as a beginner. {image}
I have to correct you that blue down is not a signal but to indicate the trend is down. The signal is when the blue is crossing down/up. The crossing of the 0 level is normally a good signal
the cautious seldom err....C
  • #8,344
  • Apr 8, 2022 9:11am Apr 8, 2022 9:11am
Quoting pips29
{quote} I have to correct you that blue down is not a signal but to indicate the trend is down. The signal is when the blue is crossing down/up. The crossing of the 0 level is normally a good signal

Entering or exiting a trade is always a crucial part of manual trading and that's the purpose of "0". This gives a strong Signal to Sell or Buy and enter in a trade. Whenever Blue crosses "0" upward means Buy now and when Blue cosses "0" downward means Close your trade...

Thank you so much for the correction. I'm really sorry for not studying system posts and jumping in trades today, i was excited and wanted to trades and learn with mistakes and tomorrow is forex's day off so I'll continue studying old posts and methods. But your help is very much appreciated and please correct me in the future as well. Soon I'll be part of your team and together we can take trades and enjoy time together..
Attached Image (click to enlarge)
Click to Enlarge Name: CCI-0.jpg Size: 109 KB
  • #8,345
  • Apr 8, 2022 9:27am Apr 8, 2022 9:27am
Quoting trader2022
{quote} Entering or exiting a trade is always a crucial part of manual trading and that's the purpose of "0". This gives a strong Signal to Sell or Buy and enter in a trade. Whenever Blue crosses "0" upward means Buy now and when Blue cosses "0" downward means Close your trade... Thank you so much for the correction. I'm really sorry for not studying system posts and jumping in trades today, i was excited and wanted to trades and learn with mistakes and tomorrow is forex's day off so I'll continue studying old posts and methods. But your help is...
it's always tricky when price reaches the adr..any ideas?
the cautious seldom err....C
  • #8,346
  • Apr 8, 2022 9:49am Apr 8, 2022 9:49am
Quoting pips29
{quote} it's always tricky when price reaches the adr..any ideas?

I could see 2 ATR lines Top and bottom. so i thought you open and close trades in between them? is that right?
  • #8,347
  • Apr 8, 2022 9:58am Apr 8, 2022 9:58am
Quoting trader2022
{quote} I could see 2 ATR lines Top and bottom. so i thought you open and close trades in between them? is that right?
Normally price will be contained between the upper and lower limit of the daily range..when momentum is strong price will break it but will soon retrace back into it. If the trend is strong then we can expect price to blast thru' without looking back..if you want to trade it then going down to the smallest available tf to check if price is done for the day and that a retracement /reversal is likely, afterall price retracement/reversal starts from the lowest tf
the cautious seldom err....C
  • #8,348
  • Apr 8, 2022 10:01am Apr 8, 2022 10:01am
USDJPY is downtrend and Blue line is touching "0" Also ADR high and ADR Low. So I opened trade in between ADR with fixed TP and SL based on ADR indicator?

Any comment?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 96 KB
  • #8,349
  • Apr 8, 2022 10:02am Apr 8, 2022 10:02am
I did exactly the above (post 8347) and made some pips, sorry not quite the same as price hasn't reached the lower limit of the adr, my apology
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pM1.png Size: 51 KB
the cautious seldom err....C
  • #8,350
  • Apr 8, 2022 10:05am Apr 8, 2022 10:05am
this is what I mean with regard to post 8347
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.pM1.png Size: 54 KB
the cautious seldom err....C
  • #8,351
  • Apr 8, 2022 10:10am Apr 8, 2022 10:10am
Quoting trader2022
USDJPY is downtrend and Blue line is touching "0" Also ADR high and ADR Low. So I opened trade in between ADR with fixed TP and SL based on ADR indicator? Any comment? {image}
You do know you are counter trend trading and looking for "biggish" pips. Please check M15/H1 to see if target is possible
the cautious seldom err....C
  • #8,352
  • Apr 8, 2022 10:25am Apr 8, 2022 10:25am
Quoting pips29
I did exactly the above (post 8347) and made some pips, sorry not quite the same as price hasn't reached the lower limit of the adr, my apology {image}
I see, so you took this trade in M1 and closed trades within M1 and secured profit instead of holding for longer TF.
  • #8,353
  • Apr 8, 2022 10:33am Apr 8, 2022 10:33am
Quoting pips29
{quote} You do know you are counter trend trading and looking for "biggish" pips. Please check M15/H1 to see if target is possible
Yes you are right. M1, M5, M15, M30, H1 all Bullish. but I was watching M5 and Blue line touched "0" about to cross it therefore, i took this trade which seems dangerous and counter-trend / self-destructive suicide.
  • #8,354
  • Apr 8, 2022 10:42am Apr 8, 2022 10:42am
just taken with very tight stop
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pM1.png Size: 56 KB
the cautious seldom err....C
  • #8,355
  • Apr 8, 2022 10:44am Apr 8, 2022 10:44am
Quoting trader2022
{quote} I see, so you took this trade in M1 and closed trades within M1 and secured profit instead of holding for longer TF.
It's a CT trade so not looking for big pips..when the daily closes we get a better idea of how to trade on Monday
the cautious seldom err....C
  • #8,356
  • Apr 8, 2022 10:48am Apr 8, 2022 10:48am
Quoting pips29
just taken with very tight stop {image}

I can see GBP and USD both are weak. So what signal triggered so you took this trade?



Why did you take this trade?
  • #8,357
  • Apr 8, 2022 10:48am Apr 8, 2022 10:48am
Quoting trader2022
{quote} Yes you are right. M1, M5, M15, M30, H1 all Bullish. but I was watching M5 and Blue line touched "0" about to cross it therefore, i took this trade which seems dangerous and counter-trend / self-destructive suicide.
it might work but it's not a trade I will take ,it's better to lock in at b/e asap ,just my 2 cents
the cautious seldom err....C
  • #8,358
  • Apr 8, 2022 10:51am Apr 8, 2022 10:51am
Quoting trader2022
{quote} I can see GBP and USD both are weak. So what signal triggered so you took this trade? Why did you take this trade?
the adr is reached and the rejection of the previous low
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pH4.png Size: 62 KB
the cautious seldom err....C
  • #8,359
  • Apr 8, 2022 11:02am Apr 8, 2022 11:02am
my position is protected now and I'm logging off for the next few hours as I will be watching my favourite programme on TV now,,,bbl
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pM1.png Size: 59 KB
the cautious seldom err....C
  • #8,360
  • Apr 8, 2022 11:17am Apr 8, 2022 11:17am
Quoting pips29
my position is protected now and I'm logging off for the next few hours as I will be watching my favourite programme on TV now,,,bbl {image}

That's lovely, you are a forex trader and still watch tv and enjoy other parts of life. I can see a bright future if you continue fixing issues in my trades :-)
I'm monitoring GBPUSD and you did the right thing, ADR reached and retraced.

I've another question: How did you set TP? Is that fixed or by guess or have you got a gauge to set TP based on that guage?
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