A very simple system - trade with arrow | Page 497 | Forex Factory

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A very simple system - trade with arrow

  • #9,921
  • Mar 29, 2023 5:18am Mar 29, 2023 5:18am
taken partial and the remainder moved to b/e
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 29 KB
the cautious seldom err....C
  • #9,922
  • Mar 29, 2023 5:20am Mar 29, 2023 5:20am
Taken partial and stop tightened
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 29 KB
the cautious seldom err....C
  • #9,923
  • Mar 29, 2023 7:00am Mar 29, 2023 7:00am
Quoting pips29
some of you might like trading the dragon, it's fiery and fickled too, so be very careful. The charts tell me to look for shorts and that's what I will be doing. Do not enter just because the htf say so ,go down to ltf like M15 or M5 to enter in line with H1 at the very least {image} {image}
Did I not say the dragon is fickle and also not to enter just because the htf say so..oh yes I did and those who listen will not be wounded, As you can see H1 never gave the signal to go short at the start of the week and looking at the daily the momentum up is looking good I won't trade this pair today and if I see what I like with today's close I might consider trading the fiery dragon tomorrow
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 35 KB
Click to Enlarge Name: GBPJPYDaily.png Size: 34 KB
the cautious seldom err....C
  • #9,924
  • Mar 29, 2023 7:08am Mar 29, 2023 7:08am
Hello Pips29. Is it worth trading your system on a 5 minute timeframe?
  • #9,925
  • Mar 29, 2023 7:24am Mar 29, 2023 7:24am
Quoting AndryLV1984
Hello Pips29. Is it worth trading your system on a 5 minute timeframe?
you can but M15 is better. M5 is fast and accuracy of entry is very important whereas with M15 you can be slightly off but still end up profitable. With M5 you might be kicked out (owing to smaller stop) before the trade turns in your favour. Obviously we like to be accurate and sharp with the entry but we can't get that consistently due to many circumstances like not being in front of the computer when the precise entry came up. I am still trying to perfect my entry but being human I also suffer fomo and being disturbed by my other 1/2 or the television. Thats my opinion. If you are trading well using M5 then carry on with it. Best!
the cautious seldom err....C
  • #9,926
  • Mar 29, 2023 7:28am Mar 29, 2023 7:28am
I have gone short AU with 16 pips stop after my EU (remainder) was stopped out at b/e. I still have my GU long
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 29 KB
the cautious seldom err....C
  • #9,927
  • Mar 29, 2023 7:31am Mar 29, 2023 7:31am
here's the snapshot of my EU trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 29 KB
the cautious seldom err....C
  • #9,928
  • Mar 29, 2023 11:16am Mar 29, 2023 11:16am
Quoting pips29
I have gone short AU with 16 pips stop after my EU (remainder) was stopped out at b/e. I still have my GU long {image}
I was stopped out of this trade and did not have time to seek "revenge" as I have to step out. Now that I'm back I will certainly look for an entry to get back my 16 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 28 KB
the cautious seldom err....C
  • #9,929
  • Edited 1:15pm Mar 29, 2023 11:46am | Edited 1:15pm
gone short AU on M5 and using 10 pips stop
EDit: closed the trade for -1
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 31 KB
the cautious seldom err....C
  • #9,930
  • Mar 31, 2023 5:35am Mar 31, 2023 5:35am
gone short EU..let's see if the retracement will hit my target
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 33 KB
the cautious seldom err....C
  • #9,931
  • Mar 31, 2023 5:58am Mar 31, 2023 5:58am
gone short AU
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 28 KB
the cautious seldom err....C
  • #9,932
  • Mar 31, 2023 6:06am Mar 31, 2023 6:06am
Quoting pips29
gone short EU..let's see if the retracement will hit my target {image}
taken partial and stop moved to -1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 33 KB
the cautious seldom err....C
  • #9,933
  • Mar 31, 2023 12:21pm Mar 31, 2023 12:21pm
Quoting pips29
{quote} taken partial and stop moved to -1 {image}
The trade ended prematuredly.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 31 KB
the cautious seldom err....C
  • #9,934
  • Mar 31, 2023 12:23pm Mar 31, 2023 12:23pm
Quoting pips29
gone short AU {image}
another trade that ended prematuredly
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 31 KB
the cautious seldom err....C
  • #9,935
  • Mar 31, 2023 12:25pm Mar 31, 2023 12:25pm
this trade did what I expected
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15.png Size: 27 KB
the cautious seldom err....C
  • #9,936
  • Apr 1, 2023 12:08am Apr 1, 2023 12:08am
Quoting pips29
this trade did what I expected {image}
hi pips29, can you share your buy or sell entry rules with your trading system? and indicator, can it be templated? I am very interested in this system. Tks
  • #9,937
  • Apr 2, 2023 6:06am Apr 2, 2023 6:06am
Hi everyone, I'm a newbie
Can anyone share the indicators and templates and trading rules of this strategy? I see the recent transactions do not match the description on page 1, thank you very much.
  • #9,938
  • Apr 2, 2023 10:58am Apr 2, 2023 10:58am
Quoting Tuatuanlq
Hi everyone, I'm a newbie Can anyone share the indicators and templates and trading rules of this strategy? I see the recent transactions do not match the description on page 1, thank you very much.
If you point out what is different then I can explain
the cautious seldom err....C
  • #9,939
  • Apr 5, 2023 12:26pm Apr 5, 2023 12:26pm
Both EU and GU were entered at about the same time except that I have closed GU manually. I'm leaving the remainder of EU to hit target. Both were basic entries
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 26 KB
Click to Enlarge Name: EURUSDM15.png Size: 30 KB
the cautious seldom err....C
  • #9,940
  • Apr 5, 2023 12:33pm Apr 5, 2023 12:33pm
I will refrain from posting for awhile as there is hardly anyone trading and posting here. I will return if there is interest and for those who are interested please read some of the posts before asking for matters that were posted numerous times. Trade safe
the cautious seldom err....C
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