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A very simple system - trade with arrow

  • #9,501
  • Sep 2, 2022 9:45am Sep 2, 2022 9:45am
Quoting Intrepidpips
{quote} I can't remember where I got this from or maybe it's been posted here before but I think it's close to what you were asking for. It's a brilliant indicator that opens up charts but basically shows if CCI is above or below your chosen parameters on selected pairs selected pairs. {image} The critical success factor in this system as I've come to realize is waiting for 10MA to cross 102MA in M5. once this happens you can drop down to M1to buy the dips or sell the rallies.{image} {file} {file}
I'm still trying to get this system right here's something that might be of help a MTF MA cross MA dashboard I have set it to show The 10/102 crossing.
Attached Image (click to enlarge)
Click to Enlarge Name: PIP29 05.png Size: 54 KB
Attached File(s)
File Type: ex4 MTF MA Multi Pair Dashboard.ex4   68 KB | 386 downloads
Let it turn and find your entry.
  • #9,502
  • Sep 2, 2022 10:31am Sep 2, 2022 10:31am
Quoting Intrepidpips
{quote} I'm still trying to get this system right here's something that might be of help a MTF MA cross MA dashboard I have set it to show The 10/102 crossing. {image} {file}

This looks how it should be done.
Attached Image (click to enlarge)
Click to Enlarge Name: PIP29 06.png Size: 58 KB
Let it turn and find your entry.
  • #9,503
  • Sep 2, 2022 12:01pm Sep 2, 2022 12:01pm
today's cable trades were just about frustration
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pM5.png Size: 29 KB
the cautious seldom err....C
  • #9,504
  • Sep 2, 2022 12:05pm Sep 2, 2022 12:05pm
closing the trade now to avoid any more frustration. I had to go for another round after I was rudely kicked out of my trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.pM5.png Size: 29 KB
the cautious seldom err....C
  • #9,505
  • Sep 2, 2022 12:14pm Sep 2, 2022 12:14pm
took a small loss with gold, initial entry was stopped out at b/e and added entry was a loss
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.pM1.png Size: 27 KB
the cautious seldom err....C
  • #9,506
  • Sep 4, 2022 5:21am Sep 4, 2022 5:21am
I did not have time to look at the charts until now. I spent a whole day in London yesterday and a few good hours in Ealing common at the Thai festival and it's still on today. I did a lot of walking and my legs need a good rest . Will post a chart or two if I find anything interesting before the big Man. Utd match against Arsenal
the cautious seldom err....C
  • #9,507
  • Sep 4, 2022 8:17am Sep 4, 2022 8:17am
Some events that will influence your trading starting with the pound. The UK will know who the next PM will be at 12.30 pm on Monday, you better watch out how the big boys will be playing, atm there are more traders who went long and I reckon their stops will have to be taken out before a direction is set in place for the future. On Tuesday we have rate announcement from down under which is expected to be a rise in rate followed by a rate increase announcement from Canada and on Thursday the ECB will also announce a rate increase. Things are not looking good for the every day consumer like me and you, as we are looking at higher prices owing to these rate increases all over the place. As for trading I reckon it's best not to have a bias and to be fluid and follow the flow as we do not know the big boys plan unless you are part of this "gang". Just mark some levels where you think price will go on your charts and be prepared for next move is all I can say, so no charts from me today
the cautious seldom err....C
  • #9,508
  • Edited Sep 5, 2022 1:51am Sep 4, 2022 5:54pm | Edited Sep 5, 2022 1:51am
I took some trades which I considered as buying at a discount even though the spreads were higher than normal during the first 50 minutes of market open. AY had already reached my targets and I took 1 entry out manually on EY and the remaining entries locked in at b/e+ and NY locked in at b/e+ too
EDit:Stopped out on both EY and NY at b/e
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY.pM5.png Size: 25 KB
Click to Enlarge Name: EURJPY.pM5.png Size: 26 KB
Click to Enlarge Name: NZDJPY.pM5.png Size: 29 KB
the cautious seldom err....C
  • #9,509
  • Sep 5, 2022 2:02am Sep 5, 2022 2:02am
I re-entered longs on both EY and NY again with 1 position hitting a smallish target of 10 pips on NY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY.pM1.png Size: 28 KB
Click to Enlarge Name: NZDJPY.pM1.png Size: 26 KB
the cautious seldom err....C
  • #9,510
  • Sep 5, 2022 2:17am Sep 5, 2022 2:17am
setting a pending buy on EY with 1 entry hitting stop at b/e just minutes ago
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.pM1.png Size: 29 KB
the cautious seldom err....C
  • #9,511
  • Sep 5, 2022 2:37am Sep 5, 2022 2:37am
my longs on EY worked out very nicely, my target for the day is already hit
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.pM1.png Size: 25 KB
the cautious seldom err....C
  • #9,512
  • Sep 5, 2022 2:46am Sep 5, 2022 2:46am
GU actually hit 1 level on my chart to the pip but I won't be trading cable until the announcement although we already know who the next PM is
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.pWeekly.png Size: 28 KB
Click to Enlarge Name: GBPUSD.pM5.png Size: 29 KB
the cautious seldom err....C
  • #9,513
  • Sep 5, 2022 4:35am Sep 5, 2022 4:35am
Quoting pips29
my longs on EY worked out very nicely, my target for the day is already hit {image}
Nice pipping
  • #9,514
  • Sep 5, 2022 4:36am Sep 5, 2022 4:36am
Quoting pips29
GU actually hit 1 level on my chart to the pip but I won't be trading cable until the announcement although we already know who the next PM is {image} {image}
Unless its actually Rishi then it would be a shock.
  • #9,515
  • Sep 5, 2022 4:44am Sep 5, 2022 4:44am
Quoting lynnc
{quote}Unless its actually Rishi then it would be a shock.
Lizz is taking it folks. Just my opinion.
Born to rule my Economic World and Make a Difference!
  • #9,516
  • Sep 5, 2022 5:03am Sep 5, 2022 5:03am
Quoting sharemaster2
{quote} Lizz is taking it folks. Just my opinion.
Yes
the cautious seldom err....C
  • #9,517
  • Sep 5, 2022 5:06am Sep 5, 2022 5:06am
I will probably sell if price gets there
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pH4.png Size: 27 KB
the cautious seldom err....C
  • #9,518
  • Sep 5, 2022 5:13am Sep 5, 2022 5:13am
Gaps on g pairs are closed, let's see if the announcement of the next PM will change the direction of the pound or is it just a pump and dump in line with the bigger trend
the cautious seldom err....C
  • #9,519
  • Edited 11:34am Sep 5, 2022 8:12am | Edited 11:34am
gone short a few bars earlier before settling down for my afternoon meal, it hasn't moved much yet
EDit: I took a nap and my stop was hit -26
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.pM5.png Size: 24 KB
the cautious seldom err....C
  • #9,520
  • Sep 5, 2022 11:01am Sep 5, 2022 11:01am
I didn't trade today but had time to review the performance of this system from Late NY session last Friday to now and it seems patiently waiting for MA 10 to cross 102 in M5 pays great dividends (as long as volatility doesn't dry up thereafter).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Pips29 01.png Size: 66 KB
Click to Enlarge Name: Pips29 02.png Size: 60 KB
Click to Enlarge Name: Pips29 03.png Size: 66 KB
Let it turn and find your entry.
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