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A very simple system - trade with arrow

  • #9,381
  • Aug 19, 2022 9:25am Aug 19, 2022 9:25am
Quoting sharemaster2
{quote} Hi Pips, I am trying to follow behind with these green pips rain this week. My entries are not as sharp but taking green pips home anyway is key with this strategy. Thanks {image} {image}
glad the strategy is pulling in pips for you, my pleasure, man
the cautious seldom err....C
  • #9,382
  • Aug 19, 2022 9:34am Aug 19, 2022 9:34am
It took me 6 days to make 5% under prop terms but not a problem when I can trade freely, kudos to those trading prop. I don't think I have it in me to be a successful prop trader, I'm so envious of them
EDit: sorry ,the latest
Attached Image(s) (click to enlarge)
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the cautious seldom err....C
  • #9,383
  • Aug 19, 2022 9:44am Aug 19, 2022 9:44am
no wonder the 5% jump to 7%.I have a multilot entry hitting target just now on ACad
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.pM15.png Size: 29 KB
the cautious seldom err....C
  • #9,384
  • Aug 19, 2022 9:51am Aug 19, 2022 9:51am
I have manually taken the as aussie out and turning my computer off. I'm left with EU and ACad and they are already secured., on and off I will use the mobile to check, I'm off trading and time to relax
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.pM30.png Size: 29 KB
the cautious seldom err....C
  • #9,385
  • Aug 19, 2022 2:39pm Aug 19, 2022 2:39pm
I am closing off my ACad trade but will leave my EU trade over the weekend. I will move my target on EU just 10 pips below the closing price expecting a gap open on Sunday evening which hopefully will take my trade off with +ve slippage
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.pM15.png Size: 32 KB
the cautious seldom err....C
  • #9,386
  • Aug 19, 2022 2:42pm Aug 19, 2022 2:42pm
my EU trade as it stands now
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pH4.png Size: 31 KB
the cautious seldom err....C
  • #9,387
  • Aug 20, 2022 4:51am Aug 20, 2022 4:51am
Quoting pips29
will take another portion out when price is thereabout {image}
the level as been taken out with a daily close, more upside???
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.pDaily.png Size: 26 KB
the cautious seldom err....C
  • #9,388
  • Aug 20, 2022 4:56am Aug 20, 2022 4:56am
Quoting pips29
I am closing off my ACad trade but will leave my EU trade over the weekend. I will move my target on EU just 10 pips below the closing price expecting a gap open on Sunday evening which hopefully will take my trade off with +ve slippage {image}
I have done exactly the above
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pM15.png Size: 28 KB
the cautious seldom err....C
  • #9,389
  • Aug 20, 2022 5:01am Aug 20, 2022 5:01am
Quoting pips29
It took me 6 days to make 5% under prop terms but not a problem when I can trade freely, kudos to those trading prop. I don't think I have it in me to be a successful prop trader, I'm so envious of them EDit: sorry ,the latest {image} {image}
great trading pipswe are trying to follow you, but you are on another level
  • #9,390
  • Aug 20, 2022 5:16am Aug 20, 2022 5:16am
Quoting Giedrius
{quote} great trading pipswe are trying to follow you, but you are on another level
you'll get there soon. I am doing an analysis of the swissy and post it up shortly, I have just finished the monthly when I received an alert from you. Just give me another 5 minutes or more
the cautious seldom err....C
  • #9,391
  • Aug 20, 2022 5:34am Aug 20, 2022 5:34am
here is my analysis of the swissy, the reason I picked the swissy is because I have EU and to see how far EU can drop and my finding is not much because of what I see on the swissy but I can be totally wrong. This is not a MBG analysis
EDit: just in case you are not aware(new traders) the swissy has inverse correlation to the EU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHF.pMonthly.png Size: 28 KB
Click to Enlarge Name: USDCHF.pWeekly.png Size: 30 KB
Click to Enlarge Name: USDCHF.pDaily.png Size: 29 KB
the cautious seldom err....C
  • #9,392
  • Aug 20, 2022 6:40am Aug 20, 2022 6:40am
Quoting pips29
here is my analysis of the swissy, the reason I picked the swissy is because I have EU and to see how far EU can drop and my finding is not much because of what I see on the swissy but I can be totally wrong. This is not a MBG analysis EDit: just in case you are not aware(new traders) the swissy has inverse correlation to the EU {image} {image} {image}
thanks pips for for all your tips, they are always detailed and useful. I wanted to ask one thing if you can share,
most often I see how just after you take trade almost immediately goes in yours favor and you able to bring SL to b/e! You don't need to go trough retracement, pull backs 20 or 30 pips. I have to climb a mountain almost all the time. And then you get hit SL or I close trade just to see after some time going in my side, but you are out of it already! It is very draining, frustrating and beats confidence down. To you have any tip about that? Maybe you have some specific time before let's say 4h candle closing or opening. Maybe higher time candle should be between 34 and 10 ema and not to far from 10ema? do you always wait till your pips29 indicator goes red for sale and blue for buy on few time frames, maybe CCI 14,50 in some sweet spot? I know isn't easy to answer and all trades and situations are different, but maybe you have one thing exact what you are looking before you get finger into action? Thank you pips for your insight .
  • #9,393
  • Aug 20, 2022 6:52am Aug 20, 2022 6:52am
Quoting Giedrius
{quote} thanks pips for for all your tips, they are always detailed and useful. I wanted to ask one thing if you can share, most often I see how just after you take trade almost immediately goes in yours favor and you able to bring SL to b/e! You don't need to go trough retracement, pull backs 20 or 30 pips. I have to climb a mountain almost all the time. And then you get hit SL or I close trade just to see after some time going in my side, but you are out of it already! It is very draining, frustrating and beats confidence down. To you have any...
can you pull up a chart and tell me what you are looking for..it's hard for me to understand you clearly without a chart..I have free time and ask all you want
the cautious seldom err....C
  • #9,394
  • Aug 20, 2022 7:28am Aug 20, 2022 7:28am
Quoting pips29
{quote} can you pull up a chart and tell me what you are looking for..it's hard for me to understand you clearly without a chart..I have free time and ask all you want
similar to this. Maybe is just my bad luck !?
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  • #9,395
  • Aug 20, 2022 7:34am Aug 20, 2022 7:34am
This is the chart of the dragon, very fiery ,so be careful. It's a 1h chart .I drew a vertical line showing that we should look for buy, seriously??of course not! you should be looking for shorts and if you trade M5/M15 your commander in chief (H1) is telling you to go short...so if you like M5 then go there and look for an entry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY.pH1.png Size: 30 KB
Click to Enlarge Name: GBPJPY.pM5.png Size: 32 KB
the cautious seldom err....C
  • #9,396
  • Aug 20, 2022 7:40am Aug 20, 2022 7:40am
Quoting Giedrius
{quote} similar to this. Maybe is just my bad luck !? {image}
I guess you went short and was shot down...take a look at H1, there's no order from your commander to do short
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.pH1.png Size: 31 KB
the cautious seldom err....C
  • #9,397
  • Edited 9:03am Aug 20, 2022 7:45am | Edited 9:03am
this I just mismanaged yesterday, could have closed for at least 30pips I did close for 16 sorry pips, was sell trade
green line was my entrance red exit. Anyway greed is bad, I had my target at ADR and having in mind was Friday was naive to think that gonna be reached bad decision making.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 36 KB
  • #9,398
  • Aug 20, 2022 7:53am Aug 20, 2022 7:53am
Quoting pips29
This is the chart of the dragon, very fiery ,so be careful. It's a 1h chart .I drew a vertical line showing that we should look for buy, seriously??of course not! you should be looking for shorts and if you trade M5/M15 your commander in chief (H1) is telling you to go short...so if you like M5 then go there and look for an entry {image} {image}

pips29, I often come to check your entries and exit, mind blowing. Hope will join you back next year. cheers.
  • #9,399
  • Aug 20, 2022 8:43am Aug 20, 2022 8:43am
Quoting Giedrius
this I just mismanaged yesterday, could have closed for at least 30pips I did close for 16 {image}
I can't tell what you did as your entry is not visible to me, I can't see as well as I used to be
the cautious seldom err....C
  • #9,400
  • Aug 20, 2022 9:07am Aug 20, 2022 9:07am
Quoting pips29
{quote} I can't tell what you did as your entry is not visible to me, I can't see as well as I used to be
I don't close portions of my trades when price advances in my direction, maybe this isn't best way!
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