A very simple system - trade with arrow | Page 445 | Forex Factory

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Need help for this very very simple indicator 1 reply

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A very simple system - trade with arrow

  • #8,881
  • May 30, 2022 7:28am May 30, 2022 7:28am
let's see if the target gets hit or not, stop is at +20
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.pH4.png Size: 32 KB
the cautious seldom err....C
  • #8,882
  • May 30, 2022 9:08am May 30, 2022 9:08am
Quoting pips29
let's see if the target gets hit or not, stop is at +20 {image}
target hit
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.pH4.png Size: 28 KB
the cautious seldom err....C
  • #8,883
  • May 30, 2022 9:10am May 30, 2022 9:10am
Quoting pips29
I have gone long EU with a very tight stop (5 pips) {image}
stop was hit and I re-entered later and got my revenge
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pM5.png Size: 30 KB
the cautious seldom err....C
  • #8,884
  • May 30, 2022 9:28am May 30, 2022 9:28am
I will add more longs once price breaks the recent high and as long as the HL is not taken out I will only take longs
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.pM5.png Size: 29 KB
the cautious seldom err....C
  • #8,885
  • May 30, 2022 9:34am May 30, 2022 9:34am
Ok giving this a go
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pM5.png Size: 30 KB
the cautious seldom err....C
  • #8,886
  • May 30, 2022 9:36am May 30, 2022 9:36am
in long again,serious business, don't let me down!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pM5.png Size: 30 KB
the cautious seldom err....C
  • #8,887
  • May 30, 2022 9:40am May 30, 2022 9:40am
first destination of EU
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pH4.png Size: 30 KB
the cautious seldom err....C
  • #8,888
  • May 30, 2022 9:49am May 30, 2022 9:49am
I'm widening the stop for GU to give it more room to wander and the first destination is shown on the chart( my target) if everything plays out
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pH4.png Size: 28 KB
the cautious seldom err....C
  • #8,889
  • May 30, 2022 10:26am May 30, 2022 10:26am
I'm locking in cable at b/e after taking a piece out..That RH (recent high) needs to be taken out for more upmove
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pM5.png Size: 31 KB
the cautious seldom err....C
  • #8,890
  • May 30, 2022 10:29am May 30, 2022 10:29am
taken a piece out and the remainder at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pM5.png Size: 31 KB
the cautious seldom err....C
  • #8,891
  • May 30, 2022 10:32am May 30, 2022 10:32am
Quoting pips29
I will add more longs once price breaks the recent high and as long as the HL is not taken out I will only take longs {image}
I did exactly what I posted earlier
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.pM5.png Size: 30 KB
the cautious seldom err....C
  • #8,892
  • May 30, 2022 10:53am May 30, 2022 10:53am
I think I need to clarify that when I say I need to see a "decisive" close what I mean is the first candle closing above the level followed by a second candle closin above the level as well and of the same colour preferably...here's a 15 min chart . you can see the first candle closing above and followed by a second candle likewise and so it's a decisive break in my world of forex trading
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.pM15.png Size: 28 KB
the cautious seldom err....C
  • #8,893
  • May 30, 2022 10:59am May 30, 2022 10:59am
as I was trading M5 I did not really get the decisive break as you can see, so it's a bit tricky. I don't know if this was ever taught by a guru but I'm pleased to say I'm not a guru, just a self taught trader
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.pM5.png Size: 28 KB
the cautious seldom err....C
  • #8,894
  • May 30, 2022 1:10pm May 30, 2022 1:10pm
Quoting pips29
I believe cable needs to have a close above the level 1.2640 to move on with bullishness to the next level..there is not much in the way to the next level, here's the chart {image}
looking like we might get a close above 1.2640, it won't be decisive until Tuesday close...I will probably go long even before the confirmation of Tuesday's candle but just be aware
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pDaily.png Size: 21 KB
the cautious seldom err....C
  • #8,895
  • May 30, 2022 2:20pm May 30, 2022 2:20pm
Thank you for sharing your knowledge, ideas, observations pips29. I really appreciateyou are a good guy!
  • #8,896
  • May 30, 2022 5:16pm May 30, 2022 5:16pm
Quoting Giedrius
Thank you for sharing your knowledge, ideas, observations pips29. I really appreciateyou are a good guy!
I'm glad to share my trading ideas, pleasure 's mine
the cautious seldom err....C
  • #8,897
  • Edited 3:39am May 31, 2022 3:15am | Edited 3:39am
first trade of the morning is a long GN
EDit: shot down -21, bad start of the morning
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.pM5.png Size: 32 KB
the cautious seldom err....C
  • #8,898
  • May 31, 2022 4:09am May 31, 2022 4:09am
Long AY
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.pM5.png Size: 32 KB
the cautious seldom err....C
  • #8,899
  • May 31, 2022 4:11am May 31, 2022 4:11am
EU short
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pM5.png Size: 30 KB
the cautious seldom err....C
  • #8,900
  • May 31, 2022 7:16am May 31, 2022 7:16am
The good thing is, this works on just about any timeframe from M5 to D1 which is great for me because I tend to want to trade a timeframe depending on the time I have during a day to check.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM30-31-05.png Size: 39 KB
Click to Enlarge Name: EURCADM30-31-05.png Size: 38 KB
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