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A very simple system - trade with arrow

  • #8,681
  • May 3, 2022 2:01am May 3, 2022 2:01am
Quoting trader2022
EURUSD Sell 4 trades entered. This pair moved a bit against my opened position so I opened more and more trades as per setup. some will close will fixed TP {image}
1.0490 is a important level for EU, below it will mean more downside, no trade for me atm..will wait for further pa
the cautious seldom err....C
  • #8,682
  • May 3, 2022 2:58am May 3, 2022 2:58am
Quoting trader2022
EURUSD Sell 4 trades entered. This pair moved a bit against my opened position so I opened more and more trades as per setup. some will close will fixed TP {image}
you are doing "revenge" trading without a plan and I guess every entry is a loss. Stay focus and be patient
the cautious seldom err....C
  • #8,683
  • May 3, 2022 4:08am May 3, 2022 4:08am
Quoting pips29
{quote} I exacted my "revenge" on AU plus a side order which was just as good as the main meal. I was "sleep trading" theses 2 pairs {image} {image}

Hahahah loll.... Yes your revenge trade was awesome. Super Beautiful. I was out with family and just returned home to find EU and GU gave a bit losses and AU still going SL wasn't hit .

reEntered with EU once again but one step at a time and as per method and market conditions. GU is above Pivot so no trade for GU yet.
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  • #8,684
  • May 3, 2022 4:25am May 3, 2022 4:25am
Quoting pips29
{quote} you are doing "revenge" trading without a plan and I guess every entry is a loss. Stay focus and be patient

You are right, I checked out M, W, D, H4 charts and decided to short as per method but then it went against so i took another trade as per new signal and then once more another that's how entered multiple times with EU and then only once in GU. SL is part of profitable trading and the good thing about this CCI method, you expect unexpected to happen and laugh when your trade hit SL. But I'm back and this time pips29 is here with me :-)
  • #8,685
  • Edited 4:55am May 3, 2022 4:44am | Edited 4:55am
Quoting pips29
{quote} 1.0490 is a important level for EU, below it will mean more downside, no trade for me atm..will wait for further pa

Where did you get this 1.0490 level? Because I opened a new trade based on method but I may be wrong and don't mind if it hit SL but still I prefer my trades to hit TP only lolll not wanna lose one more trade for the same pair tonight... I'm thinking to get out of this trade with BE now. this is my learning but how to know 1.0490 is the level to be careful and stay away from this pair?


It's ok too late now :-) So I'll wait for your entry direction in my next move.
  • #8,686
  • May 3, 2022 4:58am May 3, 2022 4:58am
Quoting trader2022
{quote} Where did you get this 1.0490 level? Because I opened a new trade based on method but I may be wrong and don't mind if it hit SL but still I prefer my trades to hit TP only lolll not wanna lose one more trade for the same pair tonight... I'm thinking to get out of this trade with BE now. this is my learning but how to know 1.0490 is the level to be careful and stay away from this pair? It's ok too late now :-) So I'll wait for your entry direction in my next move.
go to post 8632 and you will see that level. My chart was posted a week ago
the cautious seldom err....C
  • #8,687
  • May 3, 2022 5:10am May 3, 2022 5:10am
Quoting pips29
I took more out and left with some for target, I will probably take another bit out later..notice I use weekly chart to show for I am compelled to do that for the simple fact I am unable to potray the levels using the daily {image}

Ok

These lines aren't showing in mine. How can I get these level lines to my chart?
  • #8,688
  • May 3, 2022 5:10am May 3, 2022 5:10am
If you look at the swissy which is the opposite "bro" of EU, price is heading to those weekly highs of the past where there were rejection for several weeks. This is another reason why EU might be a buy instead of a sell atm..BBMA supports a buy and I won't discuss bbma here
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #8,689
  • May 3, 2022 5:13am May 3, 2022 5:13am
Quoting trader2022
{quote} Ok These lines aren't showing in mine. How can I get these level lines in my chart?
You have to mark important levels on your own chart. I don't think a robot can plot these for you
the cautious seldom err....C
  • #8,690
  • May 3, 2022 5:20am May 3, 2022 5:20am
Quoting pips29
If you look at the swissy which is the opposite "bro" of EU, price is heading to those weekly highs of the past where there were rejection for several weeks. This is another reason why EU might be a buy instead of a sell atm..BBMA supports a buy and I won't discuss bbma here {image}

I do not mind losing a trade or two as this method will recover the loss. But I panic whenever my chart looks different to yours.

look @ my chart isn't showing any line to Weekly. what am i missing here?
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  • #8,691
  • Edited 6:12am May 3, 2022 5:27am | Edited 6:12am
Quoting pips29
{quote} You have to mark important levels on your own chart. I don't think a robot can plot these for you

ah ohhhhh ok. I thought I was missing an indicator or something besides the brain. without knowing these levels I recklessly shorted EU today, i'm learning.

So you are drawing these lines yourself and based on experience only. that's alright, I'll annoy you some other time to teach me this as well .
  • #8,692
  • May 3, 2022 6:20am May 3, 2022 6:20am
I have gone long EU @1.0499, will add along the way
the cautious seldom err....C
  • #8,693
  • May 3, 2022 6:31am May 3, 2022 6:31am
Quoting pips29
I have gone long EU @1.0499, will add along the way
If you are long then its not from this CCI method. Buying towards PIVOT? DRBObCCI isn't signaling yet, pips29 trend are red & blue mix and below "0".. Also M, W, D, H4 all are downTrend.

I'm still trying to figure out what suggested you to Buy EURUSD for now, I know that's not CCI method but your personal experience or that LEVEL lines.

But aftter you posted I checked USDCHF and USDJPY. USD has started dropping.
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  • #8,694
  • May 3, 2022 6:31am May 3, 2022 6:31am
Quoting pips29
I have gone long EU @1.0499, will add along the way
taken 1/3 out and moved the remainder to b/e
EDit: M15 2 exits
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSD.pM15.png Size: 66 KB
the cautious seldom err....C
  • #8,695
  • May 3, 2022 6:33am May 3, 2022 6:33am
Quoting pips29
{quote} taken 1/3 out and moved the remainder to b/e {image}

You bought it towards Daily Pivot level in m5, m15
  • #8,696
  • May 3, 2022 6:43am May 3, 2022 6:43am
Quoting trader2022
{quote} You bought it towards Daily Pivot level in m5, m15
not a problem as it's a daily/weekly tf analysis. it's not a scalp
the cautious seldom err....C
  • #8,697
  • May 3, 2022 6:49am May 3, 2022 6:49am
Guys, you don't expect me to spoonfeed you, do you? Please be observant, have you seen the pivots on my daily chart
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the cautious seldom err....C
  • #8,698
  • May 3, 2022 6:52am May 3, 2022 6:52am
Quoting pips29
{quote} not a problem as it's a daily/weekly tf analysis. it's not a scalp

ah ok. I still need to learn and practice more then because I'm only focusing m5 scalp. Maybe one day I will be able to see the big picture as well, perhaps after learning those Level lines but later in the future.
  • #8,699
  • May 3, 2022 6:57am May 3, 2022 6:57am
Quoting pips29
{quote} taken 1/3 out and moved the remainder to b/e EDit: M15 2 exits {image} {image}

Both entries and exits are m5 showing trades were opened towards the daily pivot. Against method and your rules, that's why I reconfirmed.
  • #8,700
  • May 3, 2022 7:15am May 3, 2022 7:15am
USDCHF is smashing and perhaps will start a downtrend in the coming days/weeks. I do not see a clear signal to trade a short trade as ADR reached and prior to this Daily trend is upTrend so against the rule to open the Short position.
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