A very simple system - trade with arrow | Page 419 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need help for this very very simple indicator 1 reply

Looking for simple arrow indicator 0 replies

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

Can anyone add a simple crossover arrow to this? 2 replies

mt4 coder needed for a very very simple system 2 replies

Attachments: A very simple system - trade with arrow
Exit Attachments

A very simple system - trade with arrow

  • #8,361
  • Apr 8, 2022 3:59pm Apr 8, 2022 3:59pm
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}
trade closed and going into the weekend stress-less
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pM1.png Size: 57 KB
the cautious seldom err....C
  • #8,362
  • Apr 8, 2022 4:13pm Apr 8, 2022 4:13pm
Quoting trader2022
{quote} 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?
There are many ways to set a target,it's more of a preference than anything else.If you are in front of the computer then you can exit anytime you see price stalling to move further, otherwise just set at the next S/R level or the recent swing high/low. You can also choose to set your target at the next pivot or the limits of the adr. The h4/h1 ema could also be a target or like you mentioned a fixed target like a risk:reward ratio of 1:2., the important thing to me is to take whatever profit you can get..the market doesn't care about your target and it's common the market doesn't give what you want..just be satisfied when you make green pips..I'm prone to leaving many pips on the table, just be grateful and happy and remember "if you don't win it's perfectly alright BUT don't lose"
the cautious seldom err....C
  • #8,363
  • Apr 8, 2022 9:47pm Apr 8, 2022 9:47pm
Quoting pips29
{quote} trade closed and going into the weekend stress-less {image}
I use the currency strength indicator and GBPUSD was nowhere to be traded. But you are experienced and you saw what I couldn't see...

Yes, I watched your trade GBPUSD and it hit your target. That's called naked eye trading and that's what I need to learn from you and your experience.

that was fantastic
  • #8,364
  • Apr 8, 2022 9:52pm Apr 8, 2022 9:52pm
Quoting pips29
{quote} There are many ways to set a target,it's more of a preference than anything else.If you are in front of the computer then you can exit anytime you see price stalling to move further, otherwise just set at the next S/R level or the recent swing high/low. You can also choose to set your target at the next pivot or the limits of the adr. The h4/h1 ema could also be a target or like you mentioned a fixed target like a risk:reward ratio of 1:2., the important thing to me is to take whatever profit you can get..the market doesn't care about your...

Your approach to the market is very positive and straightforward Take whatever the market gives you. If you don't win, it's okay, but don't lose, and I will always keep that in mind.

At present, I am reading this CCI thread and watching the old posts of your past trades in order to understand the logic behind them.
  • #8,365
  • Apr 9, 2022 12:14am Apr 9, 2022 12:14am
Quoting pips29
I took a 12 pip loss on the last day of trading 2019 but this morning I had recovered the loss with 40 % left for a bonus {image}
I've read above posts how you've taught guys this method 0(bull/bear), BLue (trend), and Red (time).
Also you are consistent in all your trades. you hit sell/buy when these all the above conditions meet.
  • #8,366
  • Apr 9, 2022 4:14am Apr 9, 2022 4:14am
Quoting trader2022
{quote} I use the currency strength indicator and GBPUSD was nowhere to be traded. But you are experienced and you saw what I couldn't see... Yes, I watched your trade GBPUSD and it hit your target. That's called naked eye trading and that's what I need to learn from you and your experience. that was fantastic
Do not rely on the meter to take your trade. Get your signal by looking at the main chart. If you can't see anything that is on just pass on and come back later on this pair. The time is not there yet and so forcing a trade thru' will probably result in buttpain and high blood pressure of which I desperately try to avoid. You just wait for all the stars to align and when they do you hit the button
the cautious seldom err....C
  • #8,367
  • Apr 9, 2022 4:21am Apr 9, 2022 4:21am
Quoting trader2022
{quote} I've read above posts how you've taught guys this method 0(bull/bear), BLue (trend), and Red (time). Also you are consistent in all your trades. you hit sell/buy when these all the above conditions meet.
Please do not be mistaken, I'm not a guru but someone who share his way in trading. I still lose but lose less and win more is what I aim for. You can probably achieve a >90% win rate if you are not greedy and aim for 5-10 pips /trade, btw how long have you been trading ?
the cautious seldom err....C
  • #8,368
  • Apr 9, 2022 4:35am Apr 9, 2022 4:35am
I have the daily pivots on my chart and the idea is to trade away from the pivot. For beginners I advise you to do that and avoid trading towards the pivot and when price reaches the S/R 3 level you can look for a retracement/reversal under normal circumstances and if you have some experience..the probability of winning is greater when you do that and if it's also from the daily open it's even better, take a look at the chart
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.pM5.png Size: 57 KB
the cautious seldom err....C
  • #8,369
  • Apr 9, 2022 4:43am Apr 9, 2022 4:43am
following on from the above you can see the retracement when price hit R3 and also the adr upper limit. If you plot fibo on it you will see price hit the 38.2 level which often happens, just my observation
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.pM5.png Size: 58 KB
the cautious seldom err....C
  • #8,370
  • Apr 9, 2022 4:50am Apr 9, 2022 4:50am
I'm just spending some time here before the football day starts for me @12.30pm and there's the Grand National later on in the evening with 40 runners..what a day and the sun is shinning right now, yippie! Have a great weekend guys
the cautious seldom err....C
  • #8,371
  • Apr 9, 2022 6:37am Apr 9, 2022 6:37am
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}
Hello Trader 2022, can you please share the indicators you have at the buttom of your screen, it will help in my trading a great deal ..thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 85 KB
Click to Enlarge Name: indicators required.jpg Size: 35 KB
  • #8,372
  • Apr 9, 2022 9:16am Apr 9, 2022 9:16am
Quoting pips29
{quote} Please do not be mistaken, I'm not a guru but someone who share his way in trading. I still lose but lose less and win more is what I aim for. You can probably achieve a >90% win rate if you are not greedy and aim for 5-10 pips /trade, btw how long have you been trading ?

I've seen your old posts and you've been full-time successful forex trader for many many years, your eyesight had issues but you still take trades. Yes you do lose a bit of trades but you earn those losses back again. I've lost so much money in EA (Expert Advice) automatic trading, purchased softwares and left my live accounts to EA that I've decided to learn manual method from seniors and at least recover original money and losses.
  • #8,373
  • Apr 9, 2022 10:36am Apr 9, 2022 10:36am
Quoting pips29
I'm just spending some time here before the football day starts for me @12.30pm and there's the Grand National later on in the evening with 40 runners..what a day and the sun is shinning right now, yippie! Have a great weekend guys


I've found most of your indicators from your old posts. And now my screen looks like yours.

And yes I found pivot indi as well.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 85 KB
  • #8,374
  • Apr 9, 2022 10:56am Apr 9, 2022 10:56am
Quoting ejikz
{quote} Hello Trader 2022, can you please share the indicators you have at the buttom of your screen, it will help in my trading a great deal ..thanks {image} {image}
Attached File(s)
File Type: ex4 Chart Button V2.ex4   101 KB | 313 downloads
  • #8,375
  • Apr 9, 2022 10:58am Apr 9, 2022 10:58am
Quoting trader2022
{quote} I've found most of your indicators from your old posts. And now my screen looks like yours. And yes I found pivot indi as well. {image}
You just need to click on my profile to find the indicators..I think you should open market watch and click show all. On your chart it's not showing the right price
the cautious seldom err....C
  • #8,376
  • Apr 9, 2022 11:02am Apr 9, 2022 11:02am
Quoting trader2022
{quote} I've seen your old posts and you've been full-time successful forex trader for many many years, your eyesight had issues but you still take trades. Yes you do lose a bit of trades but you earn those losses back again. I've lost so much money in EA (Expert Advice) automatic trading, purchased softwares and left my live accounts to EA that I've decided to learn manual method from seniors and at least recover original money and losses.
are you saying you don't have much experience trading manually? how many years have you been trading?
the cautious seldom err....C
  • #8,377
  • Apr 9, 2022 11:08am Apr 9, 2022 11:08am
Quoting trader2022
{quote} I've found most of your indicators from your old posts. And now my screen looks like yours. And yes I found pivot indi as well. {image}
are those arrows on your chart just showing bullish/bearish engulfing candles? Looking closely at your chart your pivot indicator is not set correctly..Insert 0 in place of 5 and see if it corresponds with your day's open/close
the cautious seldom err....C
  • #8,378
  • Apr 9, 2022 11:08am Apr 9, 2022 11:08am
Quoting pips29
{quote} are you saying you don't have much experience trading manually? how many years have you been trading?

Ive mostly use some EAs. I've traded few manual methods but in the end they are failed or takes long time to WAIT and patience

I like your one, first of all you are consistence and quick IN and OUT.
  • #8,379
  • Apr 9, 2022 11:11am Apr 9, 2022 11:11am
Quoting pips29
{quote} are those arrows on your chart just showing bullish/bearish engulfing candles? Looking closely at your chart your pivot indicator is not set correctly..Insert 0 in place of 5 and see if it corresponds with your day's open/close
These arrows are price action indicator to exit from trades. I'm not going to use them but will see how they collabrate with CCI method. Honestly, i like this CCI method as I did like BBMA method.


Here is the new pic after changing 5 to 0.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 91 KB
  • #8,380
  • Apr 9, 2022 11:16am Apr 9, 2022 11:16am
Quoting trader2022
{quote} These arrows are price action indicator to exit from trades. I'm not going to use them but will see how they collabrate with CCI method. Honestly, i like this CCI method as I did like BBMA method.
Do you know bbma well? I have been trying to combine both methods into one and as a matter of fact I do have a combo template where H4 and below the charts are the10/34 ema and daily and above the bbma chart. I have to watch the Grand National now, bbl
the cautious seldom err....C
48 traders viewing now