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A very simple system - trade with arrow

  • #9,441
  • Aug 29, 2022 6:01am Aug 29, 2022 6:01am
a bank holiday trade for some pips of the week, taken on M5
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the cautious seldom err....C
  • #9,442
  • Aug 29, 2022 6:03am Aug 29, 2022 6:03am
I was just scalping using M1 for small pips
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the cautious seldom err....C
  • #9,443
  • Aug 29, 2022 6:58am Aug 29, 2022 6:58am
I'm going to have a try at m5 this week to see how it goes.
  • #9,444
  • Aug 29, 2022 7:34am Aug 29, 2022 7:34am
a simple trade using M5
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the cautious seldom err....C
  • #9,445
  • Aug 29, 2022 7:35am Aug 29, 2022 7:35am
M5 cable
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Click to Enlarge Name: GBPUSD.pM5.png Size: 26 KB
the cautious seldom err....C
  • #9,446
  • Aug 29, 2022 7:36am Aug 29, 2022 7:36am
took a knock with UY
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the cautious seldom err....C
  • #9,447
  • Aug 29, 2022 7:39am Aug 29, 2022 7:39am
original target was at H1 34 ema but got a bit greedy and moved it up slightly, nearing home
EDit: going to get some flower pots for my plants now,bbl
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the cautious seldom err....C
  • #9,448
  • Aug 29, 2022 9:00am Aug 29, 2022 9:00am
Quoting pips29
original target was at H1 34 ema but got a bit greedy and moved it up slightly, nearing home EDit: going to get some flower pots for my plants now,bbl {image}
target hit, finally
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #9,449
  • Edited 9:58am Aug 29, 2022 9:17am | Edited 9:58am
I have just gone long again
EDit:damn! stop hit
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pM5.png Size: 33 KB
the cautious seldom err....C
  • #9,450
  • Aug 29, 2022 11:58am Aug 29, 2022 11:58am
I am going to the m5 to give a better price I think. I've been watching it today after putting in a trade this morning on the m30 and then looking at the m5 I would have entered after the pullback which would have given a better price, 5 pips difference would have got to BE more quickly, I will see how it goes this week. I don't think there is particularly more screen time, I will watch for the structure like I always do anyway and when I'm finished for the day I will stop. I have split my trade into 3 instead of 2 just leaving a 1/5th on to see how far it goes.
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  • #9,451
  • Aug 30, 2022 6:27am Aug 30, 2022 6:27am
this morning's trade which was stopped out in the end
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Click to Enlarge Name: USDCAD.pM5.png Size: 31 KB
the cautious seldom err....C
  • #9,452
  • Aug 30, 2022 9:07am Aug 30, 2022 9:07am
gone in 2 rounds of shorts
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the cautious seldom err....C
  • #9,453
  • Aug 30, 2022 9:11am Aug 30, 2022 9:11am
and 2 that did not work out to plan
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPY.pM5.png Size: 27 KB
the cautious seldom err....C
  • #9,454
  • Aug 30, 2022 10:03am Aug 30, 2022 10:03am
Quoting pips29
gone in 2 rounds of shorts {image}
Hi Pips29,

Impressive with your trads as always.

I note on my pivot points with shift of 0 is slightly not the same as in yours with same pair and time frame but when set to shift 5 it appears to be the same.

So not sure on what to leave it at, I recall you mentioned shift is 0 is ideal if I recall.

First one is on shift 0

Second one is on Shift 5

Reconfirm if you can.

Thanks
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  • #9,455
  • Aug 30, 2022 10:16am Aug 30, 2022 10:16am
Quoting sharemaster2
{quote} Hi Pips29, Impressive with your trads as always. I note on my pivot points with shift of 0 is slightly not the same as in yours with same pair and time frame but when set to shift 5 it appears to be the same. So not sure on what to leave it at, I recall you mentioned shift is 0 is ideal if I recall. First one is on shift 0 Second one is on Shift 5 Reconfirm if you can. Thanks {image} {image}
I always have it set so it starts a new day at the start of my new chart day so at 0.
  • #9,456
  • Aug 30, 2022 10:18am Aug 30, 2022 10:18am
Quoting pips29
gone in 2 rounds of shorts {image}
You must need more than a wheelbarrow every day for your pip collection
  • #9,457
  • Aug 30, 2022 10:41am Aug 30, 2022 10:41am
Quoting sharemaster2
{quote} Hi Pips29, Impressive with your trads as always. I note on my pivot points with shift of 0 is slightly not the same as in yours with same pair and time frame but when set to shift 5 it appears to be the same. So not sure on what to leave it at, I recall you mentioned shift is 0 is ideal if I recall. First one is on shift 0 Second one is on Shift 5 Reconfirm if you can. Thanks {image} {image}
mine is set to 0. Don't worry too much over this, the important thing is the 10/34 ema and the cci. You must have the set up to enter regardless of where price is in relation to the dp..you can trade towards it but I prefer trading away from it, you must have the set up first and if pa lines up nicely just take the trade regardless of the dp. I put it on to help fresh graduates take a position ,nothing more, It was lovely outside and I stepped out onto the high street for about an hour
the cautious seldom err....C
  • #9,458
  • Aug 30, 2022 10:45am Aug 30, 2022 10:45am
Quoting lynnc
{quote}You must need more than a wheelbarrow every day for your pip collection
mine is xxl so not filled yet
the cautious seldom err....C
  • #9,459
  • Aug 30, 2022 10:57am Aug 30, 2022 10:57am
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}
we have another day to go before the month ends, will we get a close above the level(horizontal line) if we do I think the move up will continue next month, let's see
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.pMonthly.png Size: 27 KB
the cautious seldom err....C
  • #9,460
  • Aug 30, 2022 2:45pm Aug 30, 2022 2:45pm
Quoting pips29
{quote} mine is xxl so not filled yet
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