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A very simple system - trade with arrow

  • #8,401
  • Apr 11, 2022 8:11am Apr 11, 2022 8:11am
EURNZD Sell trade entered.
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  • #8,402
  • Apr 11, 2022 8:31am Apr 11, 2022 8:31am
USDJPY Sell trade

Reason behind trade: ADR high reached, reverse expected. this entry is based on PA Arrow and blue below "0".
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  • #8,403
  • Apr 11, 2022 8:33am Apr 11, 2022 8:33am
My previously opened EURUSD Sell

its giving 12+ pips but i've decided not to close it for now. Secured my trade by bringing SL in front of the trade. TP would be approx 28+ pips
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  • #8,404
  • Apr 11, 2022 9:48am Apr 11, 2022 9:48am
AUDCHF Sell is secured by placing SL in front of the trade.
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  • #8,405
  • Apr 12, 2022 12:14am Apr 12, 2022 12:14am
Dear pips29,

Yesterday, I had a very good day and I enjoyed it a lot in demo account yesterday i used 0.01 and today I'll be start using 0.10 lots. However, I deviated from your system by combining my PA arrow + trend knowledge which is giving me a new idea to stop using TP instead use Smart-TP to close all open trades after combine profit reaches 50 pips smart TP. That's how i'll have to open trades in trend and move on to other trades and keep opening trades in trend and they will all close automatically once target reaches 50 pips all together. But then I told myself to HANG on, I'm deviating from pips29 system. So i better learn from pips29 instead using my own brain.

So from today onwards, i wil focus more learning from pips29 moves and i rather trade with you and learn from your experience.
  • #8,406
  • Apr 12, 2022 3:39am Apr 12, 2022 3:39am
Quoting trader2022
Dear pips29, Yesterday, I had a very good day and I enjoyed it a lot in demo account yesterday i used 0.01 and today I'll be start using 0.10 lots. However, I deviated from your system by combining my PA arrow + trend knowledge which is giving me a new idea to stop using TP instead use Smart-TP to close all open trades after combine profit reaches 50 pips smart TP. That's how i'll have to open trades in trend and move on to other trades and keep opening trades in trend and they will all close automatically once target reaches 50 pips all together....
how many trades have you done today?
the cautious seldom err....C
  • #8,407
  • Apr 12, 2022 3:41am Apr 12, 2022 3:41am
Quoting pips29
{quote} how many trades have you done today?
None. I'll start taking trades from UK open with you.
  • #8,408
  • Apr 12, 2022 3:41am Apr 12, 2022 3:41am
I have just gone long EY
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the cautious seldom err....C
  • #8,409
  • Apr 12, 2022 3:49am Apr 12, 2022 3:49am
Quoting pips29
I have just gone long EY {image}
Could you please tell me what did you see in this pair? why did you decide to take this trade?
  • #8,410
  • Apr 12, 2022 4:13am Apr 12, 2022 4:13am
remainder at b/e
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the cautious seldom err....C
  • #8,411
  • Apr 12, 2022 4:15am Apr 12, 2022 4:15am
Quoting trader2022
{quote} Could you please tell me what did you see in this pair? why did you decide to take this trade?
this is the method
the cautious seldom err....C
  • #8,412
  • Apr 12, 2022 5:10am Apr 12, 2022 5:10am
Quoting pips29
{quote} this is the method
You are in very good practice and you could see that I still do not see That's what I should learn from you.
All i can see number 3, price retrace touches 10.



Current Time Frame trend
1. 10/34 ema crossover
2. trade away from pivot and daily open line.
3. try to look HH, HL, LH,LL if you don't understand, please go to search it with search engine. you are online now if you are opening this thread, make use of it.
4. trade away from 200 ema(optional)

BUY
1)15M chart: price >10ema >34ema(latest arrow appear up)
2) CCI 50 is above 0
3) price retrace touches 10 or 30 ema
4) the best is the retrace area is around S & R
  • #8,413
  • Apr 12, 2022 5:35am Apr 12, 2022 5:35am
Quoting trader2022
{quote} You are in very good practice and you could see that I still do not see That's what I should learn from you. All i can see number 3, price retrace touches 10. Current Time Frame trend 1. 10/34 ema crossover 2. trade away from pivot and daily open line. 3. try to look HH, HL, LH,LL if you don't understand, please go to search it with search engine. you are online now if you are opening this thread, make use of it. 4. trade away from 200 ema(optional) BUY 1)15M chart: price >10ema >34ema(latest arrow appear up) 2) CCI 50 is above 0...
It's not that you do not see but that you want to do everything in a day. Trading is not a race, just take your time and enjoy
the cautious seldom err....C
  • #8,414
  • Apr 12, 2022 6:08am Apr 12, 2022 6:08am
Quoting pips29
{quote} It's not that you do not see but that you want to do everything in a day. Trading is not a race, just take your time and enjoy

Yes that's right,
  • #8,415
  • Apr 12, 2022 6:42am Apr 12, 2022 6:42am
According to where I live we have 2 events on Wed. 13 where we should see rate increases in NZ and Canada, so trade wisely
the cautious seldom err....C
  • #8,416
  • Apr 12, 2022 7:04am Apr 12, 2022 7:04am
Quoting pips29
According to where I live we have 2 events on Wed. 13 where we should see rate increases in NZ and Canada, so trade wisely
I might not take trades instead i will learn from your trades.

I think, I haven't understood the method yet.
  • #8,417
  • Apr 13, 2022 4:12am Apr 13, 2022 4:12am
took this a shortwhile ago and taken some profit and leaving the remainder for target higher. Trade is also locked in at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.pM5.png Size: 64 KB
the cautious seldom err....C
  • #8,418
  • Apr 13, 2022 4:35am Apr 13, 2022 4:35am
Quoting pips29
took this a shortwhile ago and taken some profit and leaving the remainder for target higher. Trade is also locked in at b/e {image}
This particular trade was very close to Pivot, not retrace but in trend.

So yesterday you took only 1 trade?
  • #8,419
  • Apr 13, 2022 4:39am Apr 13, 2022 4:39am
Quoting trader2022
{quote} This particular trade was very close to Pivot, not retrace but in trend. So yesterday you took only 1 trade?
It's always good to enter as close as possible from the pivot which is normally the start of a move
the cautious seldom err....C
  • #8,420
  • Apr 13, 2022 4:41am Apr 13, 2022 4:41am
Quoting pips29
{quote} It's always good to enter as close as possible from the pivot which is normally the start of a move
I'm sure most of you know that pivot can act as s/r
the cautious seldom err....C
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