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A very simple system - trade with arrow

  • #10,121
  • Jun 21, 2023 5:55am Jun 21, 2023 5:55am
The UK session doesn't seem to bring me many pips. I find the US session to be more pips friendly
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the cautious seldom err....C
  • #10,122
  • Jun 21, 2023 7:55am Jun 21, 2023 7:55am
Quoting yonesgg
{quote} hi can u share your template? pls

I normally trade Renko
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This is how it looks on normal time (M5) chart but you can remove the RSI candles.

Have a go at it.
Attached File(s)
File Type: rar TEMPL.rar   719 KB | 451 downloads
Let it turn and find your entry.
  • #10,123
  • Jun 21, 2023 8:09am Jun 21, 2023 8:09am
Quoting pips29
The UK session doesn't seem to bring me many pips. I find the US session to be more pips friendly {image}
In fact I've decided to come back to GBPUSD seems it's the most traded pair even if the spread is higher than EURUSD.

I guess you didn't turn to it on time there was a LRB candle after a little spinning top ten candles after LO that would have been a ride but you did better than me I didn't trade at all.
Let it turn and find your entry.
  • #10,124
  • Jun 21, 2023 8:11am Jun 21, 2023 8:11am
Quoting pips29
{quote} welcome back..let's make them pips by following the trend using the 10/34 ema. It's discipline that is our downfall I mean the lack of it)
There are so many nuggets to glean from your posts and it amazes me how they reecho in my mind sometimes.
Let it turn and find your entry.
  • #10,125
  • Jun 21, 2023 8:46am Jun 21, 2023 8:46am
I was waiting for a bigger drop but did not get it
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the cautious seldom err....C
  • #10,126
  • Jun 21, 2023 9:18am Jun 21, 2023 9:18am
thought I could make some decent pips with gold but it's not happening...a tough day to make some decent pips
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the cautious seldom err....C
  • #10,127
  • Edited 11:37am Jun 21, 2023 10:55am | Edited 11:37am
now that I closed should go south free fall
dammit
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  • #10,128
  • Jun 21, 2023 11:47am Jun 21, 2023 11:47am
Quoting Intrepidpips
{quote} In fact I've decided to come back to GBPUSD seems it's the most traded pair even if the spread is higher than EURUSD. I guess you didn't turn to it on time there was a LRB candle after a little spinning top ten candles after LO that would have been a ride but you did better than me I didn't trade at all.
I was drawn in by the multiple play of patterns that were recording high hit rates, unfortunately my first trade was a 7pips loss then the confluence of 10/34Ema cross, 14/50CCI and a break of level made me go long, I targeted 1:3 RR but bailed just 3 pips shy of my target which was immediately hit.
1:2 is always easy to hit in GBPUSD the psychological muscles have to be trained to go beyond that threshold and reach for higher multiples of RR.
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I left the office to run an errand and came back to meet some more pips left on the table
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We live to trade another day.
Let it turn and find your entry.
  • #10,129
  • Jun 21, 2023 5:25pm Jun 21, 2023 5:25pm
Quoting Giedrius
now that I closed should go south free fall dammit {image}
snipper entry
the cautious seldom err....C
  • #10,130
  • Jun 22, 2023 2:44am Jun 22, 2023 2:44am
I have straddled the market Pending orders BUY and Sell let's see which way the market chooses to go.
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Let it turn and find your entry.
  • #10,131
  • Jun 22, 2023 3:25am Jun 22, 2023 3:25am
Quoting Intrepidpips
I have straddled the market Pending orders BUY and Sell let's see which way the market chooses to go. {image}
Buy Stop order triggered, I would have been slipped adversely had that been a market entry order.
SL was & pips my TP was 21 pips (1:3 R:R) but after stalling at 1:2 I thought it would turn at the Asia Session High so I bailed at +2, surely the psychological muscles need some more training.

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Good result could call it a day but some news may move the market more If I see a continuation set up I'd take it but for now lemme give it a rest
Let it turn and find your entry.
  • #10,132
  • Jun 22, 2023 6:29am Jun 22, 2023 6:29am
Quoting Intrepidpips
{quote} Buy Stop order triggered, I would have been slipped adversely had that been a market entry order. SL was & pips my TP was 21 pips (1:3 R:R) but after stalling at 1:2 I thought it would turn at the Asia Session High so I bailed at +2, surely the psychological muscles need some more training. {image} Good result could call it a day but some news may move the market more If I see a continuation set up I'd take it but for now lemme give it a rest
Yeah Red Letter News did move the market and I waited for the market to settle down, (spreads have to go back to lower single digits).
The first entry with a divergence, didn't properly align but thankfully another opportunity came calling and a 1:3 was waiting for me of course that was like 1:10 but my Trade manager is solidly set at 1:3
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More news coming up but I'm done for the day.
Let it turn and find your entry.
  • #10,133
  • Jun 26, 2023 5:59am Jun 26, 2023 5:59am
It's been an up down and almost up month, just one pip left to get to the high of the month.

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The lessons leaned
-Trades not taken hurt the account more than loses from trades taken.
-Aim for more than 1:2 R:R
-Be ambitious and cautious at the same time like https://www.forexfactory.com/pips29
Let it turn and find your entry.
  • #10,134
  • Jun 26, 2023 6:52am Jun 26, 2023 6:52am
Quoting Intrepidpips
It's been an up down and almost up month, just one pip left to get to the high of the month. {image} The lessons leaned -Trades not taken hurt the account more than loses from trades taken. -Aim for more than 1:2 R:R -Be ambitious and cautious at the same time like https://www.forexfactory.com/pips29
I missed several entries today, got in on a Double Top trade late and began chasing the market until I got my chance for green pips.
My 4th trade was a sell but as the 3rd one hit SL I closed it manually, it would have been a winner if I hadn't intervened.
I had dug myself into a 30pips hole before getting into a positive trade but bailed out at a 4 pips retracement from a possible 1:3 target.
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I should have been more ambitious and waited for the Asia session low which is even a 1:4 now it's crushed my audacious 1:6 target.

I should have taken that drop after the basing and hauled in a 1:2 win.
Don't know what the US session will bring.
Let it turn and find your entry.
  • #10,135
  • Jun 27, 2023 7:23am Jun 27, 2023 7:23am
Quoting Intrepidpips
{quote} Don't know what the US session will bring.
US session didn't go well, there was a power outage in the middle of the NY session so i couldn't add to and exit at the fakey.
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Let it turn and find your entry.
  • #10,136
  • Jun 30, 2023 1:41am Jun 30, 2023 1:41am
I didn't trade yesterday, was putting out some fires, preparing for some online courses I wanna take and then did some back-testing trying to see what I could have done differently with some of my losing trades.

Frankfurt open has been generous I took a counter trend trade seeing that CCI was OB and closed below 10EMA
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I intervened (again) could have squeezed 1:3.5 out of that but wasn't ambitious enough, let's see what LO will brimg.
Let it turn and find your entry.
  • #10,137
  • Jun 30, 2023 3:57am Jun 30, 2023 3:57am
Quoting Intrepidpips
let's see what LO will brimg.
I missed the LO, I was distracted by a bank transaction on my phone.

Why did I second guess the countertrend entry and enter the failed signal.

anyway I snatched a 1:1.5 still.
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Let it turn and find your entry.
  • #10,138
  • Jul 4, 2023 4:48am Jul 4, 2023 4:48am
2 trades taken this morning and both safely locked in at b/e..I have to go out now and so will leave them alone
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the cautious seldom err....C
  • #10,139
  • Jul 4, 2023 8:17am Jul 4, 2023 8:17am
Ucad hit target but UY hit stop
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the cautious seldom err....C
  • #10,140
  • Jul 4, 2023 8:57am Jul 4, 2023 8:57am
Short GA
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the cautious seldom err....C
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