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A very simple system - trade with arrow

  • #9,661
  • Oct 6, 2022 11:25am Oct 6, 2022 11:25am
nice trades you are producing here, well doneI took this today, not perfect entry just wanted to be earlier in trade, just before red news so had to trough some paintook a while till decided to move, but it did.
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  • #9,662
  • Oct 6, 2022 12:35pm Oct 6, 2022 12:35pm
Quoting craft17411
{quote} Hello, can you share the indicators that are on the chart? Thank you very much for earlier!!!

Okay le me see what I can do my template is yet to crystalize so here's what I have at the moment.
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Attached File(s)
File Type: rar PIPS29.rar   1.3 MB | 833 downloads
Let it turn and find your entry.
  • #9,663
  • Oct 7, 2022 1:31pm Oct 7, 2022 1:31pm
parked for the weekend!
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  • #9,664
  • Oct 12, 2022 2:57pm Oct 12, 2022 2:57pm
Last Friday of September was a RED day for me and it underscored the point that you can't cherry pick your trades and to consistent profitability.

So I watched to see where the absolute no loss areas or set-up are with this system and found that hind sight says when the PIPS29 Matrix indicator signals is either all RED or all BLUE.

The problem with this is that in real time the indicator repaints as it is a MTF indicator so the colours only set after the time frame bar closes.
So there is no safe landing, we have to grind and tape read and apply price action and all.

I traded on Monday following the matrix but I had to bail out because my data was shitty.
Attached Image (click to enlarge)
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Waiting for the matrix seems so risk free but very restrictive except there are several pairs to choose from and good data and computing power.
Attached Image(s) (click to enlarge)
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Let it turn and find your entry.
  • #9,665
  • Oct 13, 2022 7:23am Oct 13, 2022 7:23am
this morning scalps
Attached Image(s) (click to enlarge)
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the cautious seldom err....C
  • #9,666
  • Oct 14, 2022 4:00am Oct 14, 2022 4:00am
1st trade of the morning, will take 1/2 off at 50% target and move the remainder to b/e for target
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #9,667
  • Oct 14, 2022 4:03am Oct 14, 2022 4:03am
2nd trade taken a couple of candles back, will apply the same risk management as above post
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #9,668
  • Oct 14, 2022 5:13am Oct 14, 2022 5:13am
gone short
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the cautious seldom err....C
  • #9,669
  • Oct 14, 2022 6:53am Oct 14, 2022 6:53am
Quoting pips29
2nd trade taken a couple of candles back, will apply the same risk management as above post {image}
taken 1/2 and stop moved to b/e
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.pM5.png Size: 31 KB
the cautious seldom err....C
  • #9,670
  • Oct 14, 2022 6:55am Oct 14, 2022 6:55am
Quoting pips29
gone short {image}
taken 1/2 and stop at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pM5.png Size: 30 KB
the cautious seldom err....C
  • #9,671
  • Oct 14, 2022 6:57am Oct 14, 2022 6:57am
Quoting pips29
1st trade of the morning, will take 1/2 off at 50% target and move the remainder to b/e for target {image}
remainder of trade hit b/e
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.pM5.png Size: 31 KB
the cautious seldom err....C
  • #9,672
  • Oct 14, 2022 9:38am Oct 14, 2022 9:38am
after having a few trades(remainder) taken out at b/e I realise it's a Friday and I should not be greedy,qiqo (quick in quick out) applies on this day
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.pM5.png Size: 31 KB
the cautious seldom err....C
  • #9,673
  • Oct 14, 2022 9:42am Oct 14, 2022 9:42am
I forgot to post this trade and this was what me realise that I should apply qiqo which I did with EY above
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the cautious seldom err....C
  • #9,674
  • Oct 14, 2022 10:16am Oct 14, 2022 10:16am
Quoting pips29
I forgot to post this trade and this was what me realise that I should apply qiqo which I did with EY above {image}
Very nice trading as usual today Pips, nice to see you back posting I was getting a bit worried about you
  • #9,675
  • Edited 11:01am Oct 14, 2022 10:38am | Edited 11:01am
Quoting lynnc
{quote}Very nice trading as usual today Pips, nice to see you back posting I was getting a bit worried about you
it gets boring when I'm the only one posting, this will be my last trade, I might even go 1:1
EDit: locking in at b/e to protect my day of 100% wins today
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.pM5.png Size: 33 KB
the cautious seldom err....C
  • #9,676
  • Oct 14, 2022 12:10pm Oct 14, 2022 12:10pm
Quoting pips29
{quote} it gets boring when I'm the only one posting, this will be my last trade, I might even go 1:1 EDit: locking in at b/e to protect my day of 100% wins today {image}
Then I will post properly with you next week
  • #9,677
  • Edited 1:05pm Oct 14, 2022 12:47pm | Edited 1:05pm
my fingers got itchy and I went long this trade for a 1:1 of +-15 pips
Edit: stop moved to b/e now
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.pM5.png Size: 31 KB
the cautious seldom err....C
  • #9,678
  • Oct 14, 2022 12:51pm Oct 14, 2022 12:51pm
Quoting lynnc
{quote}Then I will post properly with you next week
looking forward to your sharing
the cautious seldom err....C
  • #9,679
  • Oct 17, 2022 5:05am Oct 17, 2022 5:05am
Trying a buy on GU. Quite a wide stop but I won't let it get that far.
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  • #9,680
  • Oct 17, 2022 5:13am Oct 17, 2022 5:13am
Quoting lynnc
Trying a buy on GU. Quite a wide stop but I won't let it get that far. {image}
Well that was fast, moved to BE.
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