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A very simple system - trade with arrow

  • #9,341
  • Aug 18, 2022 9:39am Aug 18, 2022 9:39am
Quoting pips29
{quote} I don't even know which pair you traded and all I can see you are trying to catch tops and bottoms
Pips29, the pairs are shown on the top right of the shots. EU and GU anyway.

Reading those candles with this strategy is another feat, so I try to read it differently, guess your way is better and leads to consistency. If I could, I would rather read the candles your way I have to say. Just needs more time I guess.

If you can please put in more comments on the candles before you open your position, I have tried to read them but not as successful.

Thanks Pips29 for your observations and comments, keep them coming as it sure does help everyone trying to learn this strategy.

More green pips to us all.
Born to rule my Economic World and Make a Difference!
  • #9,342
  • Aug 18, 2022 10:04am Aug 18, 2022 10:04am
Quoting sharemaster2
{quote} Pips29, the pairs are shown on the top right of the shots. EU and GU anyway. Reading those candles with this strategy is another feat, so I try to read it differently, guess your way is better and leads to consistency. If I could, I would rather read the candles your way I have to say. Just needs more time I guess. If you can please put in more comments on the candles before you open your position, I have tried to read them but not as successful. Thanks Pips29 for your observations and comments, keep them coming as it sure does help everyone...
What I suspect you are doing is trying to catch the top or bottom and to add on using the 10/34 ema , atm you are using the dp to help you with your initial entry, it's all good if you know what you are doing but price doesn't respect the dp all the time and I hope you know what to do when it doesn't, by all means carry on if you are making money
the cautious seldom err....C
  • #9,344
  • Aug 18, 2022 10:41am Aug 18, 2022 10:41am
Quoting lynnc
Hidden
Thanks lynnc, just to confirm if I have an open position before news do I need to close it before the release and also if you are allowed to keep trade overnight with the normal acc
the cautious seldom err....C
  • #9,346
  • Aug 18, 2022 11:15am Aug 18, 2022 11:15am
Quoting lynnc
Hidden
regret to say I'm not such a trader, well...
the cautious seldom err....C
  • #9,347
  • Aug 18, 2022 11:18am Aug 18, 2022 11:18am
once awhile I pick up a pair I hardly trade, I guess I like "variety"
Attached Image(s) (click to enlarge)
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the cautious seldom err....C
  • #9,348
  • Aug 18, 2022 11:36am Aug 18, 2022 11:36am
maybe to early a bit, but if in green is fine, I guess I had TP higher, but I have to leave the house so closed it.
Attached Image (click to enlarge)
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  • #9,349
  • Aug 18, 2022 11:50am Aug 18, 2022 11:50am
I'm getting tired watching this
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.pM15.png Size: 31 KB
the cautious seldom err....C
  • #9,350
  • Aug 18, 2022 11:53am Aug 18, 2022 11:53am
Quoting Giedrius
maybe to early a bit, but if in green is fine, I guess I had TP higher, but I have to leave the house so closed it. {image}
there were opportunities to add on
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #9,351
  • Aug 18, 2022 12:07pm Aug 18, 2022 12:07pm
Quoting pips29
{quote} regret to say I'm not such a trader, well...
Then the swing account is the better one and 1:30 leverage is what we get in the UK anyway so we're used to it.
  • #9,352
  • Aug 18, 2022 12:34pm Aug 18, 2022 12:34pm
I have added another entry
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.pM5.png Size: 30 KB
the cautious seldom err....C
  • #9,353
  • Aug 18, 2022 12:35pm Aug 18, 2022 12:35pm
Quoting lynnc
{quote}Then the swing account is the better one and 1:30 leverage is what we get in the UK anyway so we're used to it.
Is that the aggressive option as opposed to the normal?
the cautious seldom err....C
  • #9,354
  • Aug 18, 2022 12:42pm Aug 18, 2022 12:42pm
Quoting pips29
I ate the stop on GU but has also re-entered basing my decision on H4, I just need price to get below 1.2055 and all hell break loose {image}
Look at where price is now
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #9,355
  • Aug 18, 2022 12:48pm Aug 18, 2022 12:48pm
on the daily the 14cci has dropped below 0, I'm just waiting for the 50cci to follow suit, on the weekly the 50cci is already below 0a nd the 14cci has turned down sharply, I'm confident my trades will work out
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #9,356
  • Aug 18, 2022 12:58pm Aug 18, 2022 12:58pm
Quoting pips29
on the daily the 14cci has dropped below 0, I'm just waiting for the 50cci to follow suit, on the weekly the 50cci is already below 0a nd the 14cci has turned down sharply, I'm confident my trades will work out {image}
you are are very experienced trader, so one way or another way you will bring it home this trade
  • #9,357
  • Aug 18, 2022 1:23pm Aug 18, 2022 1:23pm
Quoting Giedrius
{quote} you are are very experienced trader, so one way or another way you will bring it home this trade
Confidence doesn't mean sure win, still need lady luck
the cautious seldom err....C
  • #9,359
  • Aug 19, 2022 2:58am Aug 19, 2022 2:58am
first trade of the morning, short NU
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #9,360
  • Aug 19, 2022 3:05am Aug 19, 2022 3:05am
2nd trade ,also a short
Attached Image (click to enlarge)
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the cautious seldom err....C
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