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A very simple system - trade with arrow

  • #9,681
  • Oct 17, 2022 5:26am Oct 17, 2022 5:26am
taken 1/2 at 11 pips and the remainder was hit at target later..
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY.pM5.png Size: 32 KB
the cautious seldom err....C
  • #9,682
  • Oct 17, 2022 5:29am Oct 17, 2022 5:29am
I was watching what the chancellor was saying on TV and missed out on the chance of taking 1/2 out at 24 pips instead of 16 pips, anyway trade is locked in at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.pM5.png Size: 32 KB
the cautious seldom err....C
  • #9,683
  • Oct 17, 2022 5:47am Oct 17, 2022 5:47am
I got taken out a BE before I had a chance to take any off My own fault I was a couple of candles late, it should have gone for 50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5-17-10(2).png Size: 21 KB
  • #9,684
  • Oct 17, 2022 5:59am Oct 17, 2022 5:59am
Quoting lynnc
I got taken out a BE before I had a chance to take any off My own fault I was a couple of candles late, it should have gone for 50 pips. {image}
I'm now looking at 10-20 pips profit per trade with a target of minimum 50 pips a day, 3-5 profitable trades should give me the required minimum of 50 pips/day. That's my new plan (not that new as I have been doing that the past week)
the cautious seldom err....C
  • #9,685
  • Oct 17, 2022 6:09am Oct 17, 2022 6:09am
Quoting pips29
{quote} I'm now looking at 10-20 pips profit per trade with a target of minimum 50 pips a day, 3-5 profitable trades should give me the required minimum of 50 pips/day. That's my new plan (not that new as I have been doing that the past week)
The way this is moving lately it sounds like a good plan.
  • #9,686
  • Oct 17, 2022 6:17am Oct 17, 2022 6:17am
long taken
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.pM5.png Size: 32 KB
the cautious seldom err....C
  • #9,687
  • Oct 17, 2022 6:35am Oct 17, 2022 6:35am
taken 1/2 and remainder at b/e, risk free now
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pM1.png Size: 31 KB
the cautious seldom err....C
  • #9,688
  • Oct 17, 2022 7:41am Oct 17, 2022 7:41am
took the long, set 1:2 (r:r) and went about having my lunch, came back to my laptop and saw target was hit
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.pM5.png Size: 29 KB
the cautious seldom err....C
  • #9,689
  • Oct 17, 2022 7:43am Oct 17, 2022 7:43am
taken 1/2 and moving the rest to b/e
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.pM5.png Size: 35 KB
the cautious seldom err....C
  • #9,690
  • Oct 17, 2022 7:50am Oct 17, 2022 7:50am
Nice trading Pips...unfortunately I've just had a visitor which meant I missed all these moves
  • #9,691
  • Oct 17, 2022 7:51am Oct 17, 2022 7:51am
target hit, pretty straigthforward
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.pM5.png Size: 31 KB
the cautious seldom err....C
  • #9,692
  • Oct 17, 2022 7:56am Oct 17, 2022 7:56am
Quoting lynnc
Nice trading Pips...unfortunately I've just had a visitor which meant I missed all these moves
yes, you did but the next one is just round the corner, having smaller target works beautifully. I have achieved the daily target, anything more will contribute towards tomorrow's target or just take it as bonus for the day and take tomorrow's start at 0
the cautious seldom err....C
  • #9,693
  • Oct 17, 2022 8:06am Oct 17, 2022 8:06am
I am using H1 to plot levels as I scalp with M5. I normally have H4 levels previously but looking for 10-20 pips, levels on H1 should suffice..below is cable on H1. Let's see if price can break the level just above and if it does I will look for longs
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pH1.png Size: 34 KB
the cautious seldom err....C
  • #9,694
  • Oct 17, 2022 8:28am Oct 17, 2022 8:28am
Quoting pips29
{quote} yes, you did but the next one is just round the corner, having smaller target works beautifully. I have achieved the daily target, anything more will contribute towards tomorrow's target or just take it as bonus for the day and take tomorrow's start at 0
Wise words, I think I will do the same with my next trade.
  • #9,695
  • Oct 17, 2022 12:53pm Oct 17, 2022 12:53pm
Quoting pips29
I am using H1 to plot levels as I scalp with M5. I normally have H4 levels previously but looking for 10-20 pips, levels on H1 should suffice..below is cable on H1. Let's see if price can break the level just above and if it does I will look for longs {image}
a huge bullish candle of 90 pips broke that level and I will wait for a daily close before I decide what to do
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pH1.png Size: 34 KB
the cautious seldom err....C
  • #9,696
  • Oct 18, 2022 3:22am Oct 18, 2022 3:22am
I jumped into this trade ahead of "proper" confirmation just a short while ago. I took an entry last night after the first hour of market open when spread turned normal. That trade netted me 16 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.pM5.png Size: 32 KB
the cautious seldom err....C
  • #9,697
  • Oct 18, 2022 3:26am Oct 18, 2022 3:26am
in this trade too..2 trades so far NY and EU
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY.pM5.png Size: 30 KB
the cautious seldom err....C
  • #9,698
  • Oct 18, 2022 3:31am Oct 18, 2022 3:31am
Quoting pips29
{quote} a huge bullish candle of 90 pips broke that level and I will wait for a daily close before I decide what to do {image}
GU closed just below the level on my chart last night, my stance is neutral on this pair i.e I will trade either way depending on what the chart show me
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.pDaily.png Size: 28 KB
the cautious seldom err....C
  • #9,699
  • Oct 18, 2022 3:32am Oct 18, 2022 3:32am
Quoting pips29
{quote} GU closed just below the level on my chart last night, my stance is neutral on this pair i.e I will trade either way depending on what the chart show me {image}
you've been trading this for around 6 years?
life is a reflection of what we allow ourselves to see
  • #9,700
  • Oct 18, 2022 3:54am Oct 18, 2022 3:54am
Quoting pips29
{quote} GU closed just below the level on my chart last night, my stance is neutral on this pair i.e I will trade either way depending on what the chart show me {image}
I have a sell in at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5-18-10.png Size: 19 KB
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