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A very simple system - trade with arrow

  • #9,001
  • Jun 19, 2022 12:33pm Jun 19, 2022 12:33pm
Quoting pips29
{quote} yes, my template has this setting like yours but I guess it depends on the colour you pick. I'm not too sure as I can't see the pair that was on his screenshot. If in doubt just use the standard cci provided on MT4 and compare with DRbob to see if you got the blue as 50 and the red as 14 {image} {image}
Hi Eric,

Some of your older charts has the 100 and -100 lines on the Drbob's cci removed and only has one thick line on the zero level, have tried to get mine to read the same but to no avail, where are you having to go to configure that please? I only want one line on that tool, on the zero level and that is it.

Thanks
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Born to rule my Economic World and Make a Difference!
  • #9,002
  • Jun 19, 2022 1:30pm Jun 19, 2022 1:30pm
Quoting sharemaster2
{quote} Hi Eric, Some of your older charts has the 100 and -100 lines on the Drbob's cci removed and only has one thick line on the zero level, have tried to get mine to read the same but to no avail, where are you having to go to configure that please? I only want one line on that tool, on the zero level and that is it. Thanks {image}
You just need to go to level and add 0 and pick the colour and thickness you want ,here's a screenshot
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the cautious seldom err....C
  • #9,003
  • Jun 20, 2022 6:38am Jun 20, 2022 6:38am
my first trade of the week ended with some green pips
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the cautious seldom err....C
  • #9,004
  • Jun 20, 2022 9:16am Jun 20, 2022 9:16am
well done eric as usual. I checked 1h tf I price didn't make new high so I decided to go short toward daily pivot, didn't go well. -8
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  • #9,005
  • Jun 20, 2022 10:29am Jun 20, 2022 10:29am
Quoting Giedrius
well done eric as usual. I checked 1h tf I price didn't make new high so I decided to go short toward daily pivot, didn't go well. -8 {image}
H1 doesn't show a sell..why did you go against H1..even M30 doesn't show a sell
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the cautious seldom err....C
  • #9,006
  • Jun 20, 2022 10:34am Jun 20, 2022 10:34am
I'm in a long but missed taking out some higher up,,just have to wait with trade at b/e. I have purposely put on the colours blue and grey to show the relationship of the 10 ema with the 34 ema..it's to make things easier in that you try to avoid selling when the chart is showing blue and vice versa..a course rule but it helps
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the cautious seldom err....C
  • #9,007
  • Jun 20, 2022 10:38am Jun 20, 2022 10:38am
Quoting Giedrius
well done eric as usual. I checked 1h tf I price didn't make new high so I decided to go short toward daily pivot, didn't go well. -8 {image}
you were right with the colour on M5 but not on M30/H1, also avoid trading towards the pivot when it's so close, your chance of winning is better if the distance is 50 pips or more and so with a retracement of 40% you are still able to make 20 pips
the cautious seldom err....C
  • #9,008
  • Jun 20, 2022 10:49am Jun 20, 2022 10:49am
Quoting Giedrius
well done eric as usual. I checked 1h tf I price didn't make new high so I decided to go short toward daily pivot, didn't go well. -8 {image}
only around 17 pips from your entry, next time if you trade towards the pivot make sure you have enough room and I would say 50 pips or more, you might also like to try out M15 with less noise than M5
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the cautious seldom err....C
  • #9,009
  • Jun 20, 2022 10:59am Jun 20, 2022 10:59am
It's difficult to trade GU today as it's just hanging around the pivot, in such a case just look for other pairs
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the cautious seldom err....C
  • #9,010
  • Jun 20, 2022 11:19am Jun 20, 2022 11:19am
Quoting pips29
{quote} only around 17 pips from your entry, next time if you trade towards the pivot make sure you have enough room and I would say 50 pips or more, you might also like to try out M15 with less noise than M5 {image}
thank you eric for your expertise. I just was wrong. Very often I get cut assuming that trend is reversing.
to trade assumptions is very wrong!
  • #9,011
  • Jun 20, 2022 2:43pm Jun 20, 2022 2:43pm
Quoting pips29
I'm in a long but missed taking out some higher up,,just have to wait with trade at b/e. I have purposely put on the colours blue and grey to show the relationship of the 10 ema with the 34 ema..it's to make things easier in that you try to avoid selling when the chart is showing blue and vice versa..a course rule but it helps {image}
hit my b/e stop in the end
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Click to Enlarge Name: GBPJPYM15.png Size: 29 KB
the cautious seldom err....C
  • #9,012
  • Jun 20, 2022 2:55pm Jun 20, 2022 2:55pm
just taken a small long
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 28 KB
the cautious seldom err....C
  • #9,013
  • Jun 21, 2022 3:36am Jun 21, 2022 3:36am
giedrius, any pair caught your eye. I have not traded yet this morning, maybe we can discuss what you are looking
the cautious seldom err....C
  • #9,014
  • Jun 21, 2022 7:57am Jun 21, 2022 7:57am
Quoting pips29
giedrius, any pair caught your eye. I have not traded yet this morning, maybe we can discuss what you are looking
good day eric, sorry I didn't replay earlier just now I'm back from work, after shower and at the screen.
I got in AU short, not to sure how will pan out, a bit choppy maybe I needed wait for clearer break lower?
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  • #9,015
  • Jun 21, 2022 8:10am Jun 21, 2022 8:10am
Quoting Giedrius
{quote} good day eric, sorry I didn't replay earlier just now I'm back from work, after shower and at the screen. I got in AU short, not to sure how will pan out, a bit choppy maybe I needed wait for clearer break lower? {image}
edit; quick -20pips
  • #9,016
  • Jun 21, 2022 8:18am Jun 21, 2022 8:18am
gone short kiwi with very tight stop
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the cautious seldom err....C
  • #9,017
  • Jun 21, 2022 8:21am Jun 21, 2022 8:21am
Quoting Giedrius
{quote} good day eric, sorry I didn't replay earlier just now I'm back from work, after shower and at the screen. I got in AU short, not to sure how will pan out, a bit choppy maybe I needed wait for clearer break lower? {image}
I join you on M15
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the cautious seldom err....C
  • #9,018
  • Jun 21, 2022 8:22am Jun 21, 2022 8:22am
Quoting Giedrius
{quote} edit; quick -20pips
oh! you have closed your trade
the cautious seldom err....C
  • #9,019
  • Jun 21, 2022 8:28am Jun 21, 2022 8:28am
Quoting pips29
{quote} oh! you have closed your trade
not by my own will, eric
  • #9,020
  • Jun 21, 2022 8:30am Jun 21, 2022 8:30am
Quoting Giedrius
{quote} not by my own will, eric
just enter a short now and put your stop above today's high
the cautious seldom err....C
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