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A very simple system - trade with arrow

  • #9,461
  • Aug 31, 2022 3:13am Aug 31, 2022 3:13am
the trade ended prematurely
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the cautious seldom err....C
  • #9,462
  • Aug 31, 2022 3:15am Aug 31, 2022 3:15am
hopeful she will arrive home
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the cautious seldom err....C
  • #9,463
  • Aug 31, 2022 3:46am Aug 31, 2022 3:46am
gone in for round 2 and the result was better
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the cautious seldom err....C
  • #9,464
  • Aug 31, 2022 3:50am Aug 31, 2022 3:50am
Quoting pips29
{quote} 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 {image}
price has gone thru' .9759 atm, let's see the close
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the cautious seldom err....C
  • #9,465
  • Aug 31, 2022 4:40am Aug 31, 2022 4:40am
I have just closed my GU trade manually
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the cautious seldom err....C
  • #9,466
  • Aug 31, 2022 5:33am Aug 31, 2022 5:33am
Quoting pips29
{quote} price has gone thru' .9759 atm, let's see the close {image}
Hi Pips,

Am following this pair with keen interest as your analysis is right.

Hope to get some decent pipeage out of this one.

Thanks
Born to rule my Economic World and Make a Difference!
  • #9,467
  • Aug 31, 2022 6:05am Aug 31, 2022 6:05am
leaving a portion for target or stop, no other trade atm
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the cautious seldom err....C
  • #9,468
  • Aug 31, 2022 7:48am Aug 31, 2022 7:48am
Quoting pips29
leaving a portion for target or stop, no other trade atm {image}
closed the trade manually after my target was missed by 2 pips,,will look for new trades soon
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the cautious seldom err....C
  • #9,469
  • Aug 31, 2022 8:01am Aug 31, 2022 8:01am
Quoting pips29
{quote} closed the trade manually after my target was missed by 2 pips,,will look for new trades soon {image}
Can I ask something about the risk level you use for your trades please pips if you wouldn't mind. Do you have a certain initial trade size per your capital, if so, what would that be? For instance, imagine you had $1,000 balance in your account, what would your initial trade size be for that size account? I just want to get a feel for what size trade I would want to put in to make the impressive percentage on a weekly or daily basis that you do. I know that is mitigated of course because you take off quite a lot as you go, but the initial size would be helpful.
  • #9,470
  • Aug 31, 2022 8:24am Aug 31, 2022 8:24am
Quoting lynnc
{quote}Can I ask something about the risk level you use for your trades please pips if you wouldn't mind. Do you have a certain initial trade size per your capital, if so, what would that be? For instance, imagine you had $1,000 balance in your account, what would your initial trade size be for that size account? I just want to get a feel for what size trade I would want to put in to make the impressive percentage on a weekly or daily basis that you do. I know that is mitigated of course because you take off quite a lot as you go, but the initial...
I was thinking of asking you the trade size you use trading ftmo or mff for I never really bothered or fussed over this as I do scaling fairly quickly and hence reduce my risk exposure. I don't have a proper risk management plan except that my target will almost always be bigger than my risk., perhaps I do need some training on this but as I aim to enter as precise as possible I don't feel the need to do so. I just let my entries do the work for me. I'm now doing another demo with ftmo for 10k and I feel this would be appealing to many who are "fresh" and also not loaded with deep pockets. The limit to the drawdown is very new to me and I find this challenging, anyway, it's the lot size I need to find out with the constriants of dd hanging over my trades. I have not traded with these constriants before till now
the cautious seldom err....C
  • #9,471
  • Aug 31, 2022 8:29am Aug 31, 2022 8:29am
Quoting sharemaster2
{quote} Hi Pips, Am following this pair with keen interest as your analysis is right. Hope to get some decent pipeage out of this one. Thanks
just for you sharemaster, my gain so far , I have no trades now
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the cautious seldom err....C
  • #9,472
  • Aug 31, 2022 9:47am Aug 31, 2022 9:47am
I caught another one
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the cautious seldom err....C
  • #9,473
  • Aug 31, 2022 10:18am Aug 31, 2022 10:18am
after EY, it's looking like this, hope you are truly encouraged , sharemaster. I won't be showing off anymore, I will remain humble
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the cautious seldom err....C
  • #9,474
  • Aug 31, 2022 11:04am Aug 31, 2022 11:04am
Quoting pips29
after EY, it's looking like this, hope you are truly encouraged , sharemaster. I won't be showing off anymore, I will remain humble {image}
Keep showing us all that it can be done with patience and inner capacity to read those candles with this strategy before taking a position.

I note most of your entries are just around when Price is around the Ema point either the 1hour or 4hour.

Still trying to read that with either a continuation move or reversal move, this I note is the key to this strategy.

Keep those chats coming, good to see those entry points of yours and mention the pairs you are looking at as that helps too if not asking for too much.

Very Impressive to see those green pips of yours. The consistency of it, is what sets this strategy apart I have to say.

More green pips to us all.
Born to rule my Economic World and Make a Difference!
  • #9,475
  • Aug 31, 2022 12:02pm Aug 31, 2022 12:02pm
I seldom trade gold nowadays but luckily when I do I get rewarded
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the cautious seldom err....C
  • #9,476
  • Edited 1:43pm Aug 31, 2022 12:04pm | Edited 1:43pm
and finally a short on GCad , rest time ,bbl
edit: stopped out
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the cautious seldom err....C
  • #9,477
  • Aug 31, 2022 12:05pm Aug 31, 2022 12:05pm
Quoting pips29
I seldom trade gold nowadays but luckily when I do I get rewarded {image}
You just trade anything that moves and rake in the pips. hahaa!!
Born to rule my Economic World and Make a Difference!
  • #9,478
  • Aug 31, 2022 1:44pm Aug 31, 2022 1:44pm
Quoting pips29
I seldom trade gold nowadays but luckily when I do I get rewarded {image}
target achieved
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the cautious seldom err....C
  • #9,479
  • Aug 31, 2022 3:12pm Aug 31, 2022 3:12pm
Quoting pips29
{quote} target achieved {image}
Lovely trade!
  • #9,480
  • Sep 1, 2022 2:18am Sep 1, 2022 2:18am
Took a chance last night before going to bed with UJ closing above the trendline and everything else looking good for buying. I didn't set the taking off half or anything just a trailing stop and a take profit near July's high.
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