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A very simple system - trade with arrow

  • #8,861
  • May 27, 2022 7:09am May 27, 2022 7:09am
that small pullback provided me with an entry
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pM5.png Size: 28 KB
the cautious seldom err....C
  • #8,862
  • May 27, 2022 7:16am May 27, 2022 7:16am
Quoting Giedrius
I have this going, was in dd -14pips and after some masturbation decided to movelets see how far, but at least it won't end up loosing! edit: just give me a breakb/e ! {image}
any more masturbation needed? I must have entered after the earth moving event
the cautious seldom err....C
  • #8,863
  • May 27, 2022 7:18am May 27, 2022 7:18am
Quoting pips29
that small pullback provided me with an entry {image}
enjoy pips29
  • #8,864
  • May 28, 2022 3:34am May 28, 2022 3:34am
Quoting pips29
that small pullback provided me with an entry {image}
Though I took the above trade I was actually waiting for a pullback to the zone I plotted in white on the chart to go long..price did retrace but I saw it late. As it was my plan to long and even after 14 pips disadvantage I did not hesistate in pulling the trigger. It was a plan that I need to execute and a case of better late than never. I have since added another 15 pips to the tally. Price did not close above the 40 level though it was pierced, imo price needs to close above the 40 level for more up move, just my tuppence
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pM5.png Size: 28 KB
the cautious seldom err....C
  • #8,865
  • May 28, 2022 3:42am May 28, 2022 3:42am
I took this short a couple of hours or more before the market closed. It's taken on H1 ..the vertical line in magenta is when/where I entered
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.pH1.png Size: 28 KB
the cautious seldom err....C
  • #8,866
  • May 28, 2022 4:07am May 28, 2022 4:07am
why traders blame the method when it was their brain that fails them..take a look at UCad...if you had gone long after or at the breakout you would end up losing if you wanted more than 20 pips..I will state 1 reason out of a few why the trade long is doomed to fail and traders will start blaming the method..just take a look at H1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD.pM5.png Size: 27 KB
Click to Enlarge Name: USDCAD.pH1.png Size: 29 KB
the cautious seldom err....C
  • #8,867
  • May 28, 2022 4:31am May 28, 2022 4:31am
H4 EY
price is now in bullish territory as shown in blue and for more upside the SH (significant high) need to be taken out decisively and we target the LH as an initial target. Please do your own analysis(dyoa) before taking any action. it's just my tuppence
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.pH4.png Size: 29 KB
the cautious seldom err....C
  • #8,868
  • May 28, 2022 6:39am May 28, 2022 6:39am
For those who are interested in the cci you might want to take a look
Attached File(s)
File Type: pdf 50CCIdrbobSystem050613.pdf   285 KB | 569 downloads
the cautious seldom err....C
  • #8,869
  • May 28, 2022 6:43am May 28, 2022 6:43am
for price action
Attached File(s)
File Type: pdf Price_Action.pdf   128 KB | 444 downloads
the cautious seldom err....C
  • #8,870
  • May 28, 2022 6:53am May 28, 2022 6:53am
1-2-3 pattern trading
Attached File(s)
File Type: pdf 123 Chart Pattern + Fib Expansion.pdf   111 KB | 504 downloads
the cautious seldom err....C
  • #8,871
  • May 28, 2022 7:11am May 28, 2022 7:11am
candlestick pattern recognition is also important. This is posted on the first page, anyway here it is
Attached File(s)
File Type: pdf Candle patterns doc (PASR).pdf   1.6 MB | 477 downloads
the cautious seldom err....C
  • #8,872
  • May 29, 2022 9:46am May 29, 2022 9:46am
I'm seriously thinking of going long AU with a 50 pip stop and a 100 pip target (1:2 riskreward)..The upmove should sustain as long as price remains above the 34ema daily (h4 200ema)...the chart below is a H4 chart with the levels marked. I will likely enter when spread stabilises after the market opens..pa is pretty obvious to see with HL and HH
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.pH4.png Size: 29 KB
the cautious seldom err....C
  • #8,873
  • Edited 2:39pm May 29, 2022 10:10am | Edited 2:39pm
I have just taken a small trade long bitcoin
EDit:stop hit -19
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDM5.png Size: 30 KB
the cautious seldom err....C
  • #8,874
  • May 30, 2022 12:55am May 30, 2022 12:55am
Both my trades are closed, GU hit target and UChf the b/e stop
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.pM5.png Size: 30 KB
Click to Enlarge Name: USDCHF.pH1.png Size: 29 KB
the cautious seldom err....C
  • #8,875
  • May 30, 2022 2:00am May 30, 2022 2:00am
Quoting pips29
I'm seriously thinking of going long AU with a 50 pip stop and a 100 pip target (1:2 riskreward)..The upmove should sustain as long as price remains above the 34ema daily (h4 200ema)...the chart below is a H4 chart with the levels marked. I will likely enter when spread stabilises after the market opens..pa is pretty obvious to see with HL and HH {image}
I did enter long about 40 minutes into yesterday's open when the spread was about 2 pips...I added another long this morning. I have taken some profit and locking in both entries at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.pM15.png Size: 27 KB
the cautious seldom err....C
  • #8,876
  • May 30, 2022 2:09am May 30, 2022 2:09am
Quoting pips29
H4 EY price is now in bullish territory as shown in blue and for more upside the SH (significant high) need to be taken out decisively and we target the LH as an initial target. Please do your own analysis(dyoa) before taking any action. it's just my tuppence {image}
I have gone long EY too and taken some profits. Trade is now at b/e and the initial target is lower than I mentioned earlier. You can see the target on the H4 chart below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY.pM5.png Size: 31 KB
Click to Enlarge Name: EURJPY.pH4.png Size: 32 KB
the cautious seldom err....C
  • #8,877
  • May 30, 2022 2:45am May 30, 2022 2:45am
Quoting pips29
I have just taken a small trade long bitcoin EDit:stop hit -19 {image}
Damn! I should have kept the stop a little bit wider..missed the ride up which was the direction I was looking at, nvm ,I 'll be back


https://24.media.tumblr.com/fd380aee...2peuo1_500.gif
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDM5.png Size: 30 KB
the cautious seldom err....C
  • #8,878
  • May 30, 2022 4:58am May 30, 2022 4:58am
Quoting pips29
{quote} Damn! I should have kept the stop a little bit wider..missed the ride up which was the direction I was looking at, nvm ,I 'll be back https://24.media.tumblr.com/fd380aee...2peuo1_500.gif {image}
Hi Pips29,

I have been looking at your style and way of trading - seems good. Also noted your templates has changed over the years going back. I want to do some basic testing on your method and indicators.

I had wanted to send you a PM but guess it is best out here so others too, can respond and also make use of the information as I believe in being open in this space so to speak.

So, if you may, can you attach your current MT4 template and all the indicators your use currently if not too much to ask.

Thanks and more green pips to us all.

Sharemaster2
Born to rule my Economic World and Make a Difference!
  • #8,879
  • May 30, 2022 5:07am May 30, 2022 5:07am
Quoting sharemaster2
{quote} Hi Pips29, I have been looking at your style and way of trading - seems good. Also noted your templates has changed over the years going back. I want to do some basic testing on your method and indicators. I had wanted to send you a PM but guess it is best out here so others too, can respond and also make use of the information as I believe in being open in this space so to speak. So, if you may, can you attach your current MT4 template and all the indicators your use currently if not too much to ask. Thanks and more green pips to us all....
Here it is, let me know if you encounter any problem
Attached File(s)
File Type: tpl pips29.tpl   78 KB | 661 downloads
the cautious seldom err....C
  • #8,880
  • May 30, 2022 5:25am May 30, 2022 5:25am
I have gone long EU with a very tight stop (5 pips)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pM5.png Size: 30 KB
the cautious seldom err....C
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