A very simple system - trade with arrow | Page 513 | Forex Factory

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A very simple system - trade with arrow

  • #10,241
  • Jul 12, 2023 7:21am Jul 12, 2023 7:21am
Quoting pips29
just to add my target will be the 200ema on H4 or the 34 ema on the daily if I get a set up to short. I believe it will be a good short when EU weakens {image}
I mentioned the above just 4 days ago and price has already done that
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY.iH4.png Size: 32 KB
Click to Enlarge Name: EURJPY.iDaily.png Size: 33 KB
the cautious seldom err....C
  • #10,242
  • Jul 12, 2023 7:47am Jul 12, 2023 7:47am
I saw this formation during the weekend but did not mention as I want to stick to the 10/34 ema concept of trading but thought I bring it up here just for your pleasure
If you don't know what pattern it is then I suggest you read some candlestick patterns
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.iWeekly.png Size: 30 KB
the cautious seldom err....C
  • #10,243
  • Jul 12, 2023 8:08am Jul 12, 2023 8:08am
This will be further confirmation the trend is going south when the current candle closes bearish and lower than the candle that broke and closed below the ema, so tomorrow I will come back to this pair if candle print the confirmation.That is how I interpret pa when ema 34 and or 200 ema are involved, just my "Dummy Way" of looking at pa
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.iDaily.png Size: 34 KB
the cautious seldom err....C
  • #10,244
  • Jul 12, 2023 9:36am Jul 12, 2023 9:36am
pips29, I will always admire your trading skills, so much knowledge and you can see results
I had long day at at work came home and all pairs so overstretched. I saw pound struggling a bit and took on 1min. timing was good, I think, exit wasn't.
On first attempt got missed by a pip, spread is high on this pair, so I closed manually, couldn't watch becoming 0 pips.! A bit lower there is 200 ema on 4hr tf and could have been as a target, but because just one trade of the day I choose cash out
btw, after 4h. candle closes very often new candle starts to go opposite direction Do you have anything on this my observation, pips29? Maybe I'm just wrong?!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 37 KB
  • #10,245
  • Jul 12, 2023 11:02am Jul 12, 2023 11:02am
Quoting Giedrius
pips29, I will always admire your trading skills, so much knowledge and you can see results I had long day at at work came home and all pairs so overstretched. I saw pound struggling a bit and took on 1min. timing was good, I think, exit wasn't. On first attempt got missed by a pip, spread is high on this pair, so I closed manually, couldn't watch becoming 0 pips.! A bit lower there is 200 ema on 4hr tf and could have been as a target, but because just one trade of the day I choose cash out btw, after 4h. candle closes very often new candle...
Giedrius, I actually have drawn some levels where price can go to and like you said the 200ema on H4/ Daily 34 ema. I have engage the use of arrows to show the cross to enhance the method. You can easily check out when an up arrow appears and short again later trading in line with the htf in this case. Sorry for late reply but I fell asleep. I forgot to mention I can see several red candles, so it's not true that the next candle will be opposing colour
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY.iH4.png Size: 35 KB
Click to Enlarge Name: GBPJPY.iM1.png Size: 32 KB
the cautious seldom err....C
  • #10,246
  • Jul 13, 2023 1:04am Jul 13, 2023 1:04am
gone short
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.iH1.png Size: 22 KB
the cautious seldom err....C
  • #10,247
  • Jul 13, 2023 1:04am Jul 13, 2023 1:04am
hope everyone is doing good. especially my old buddy pips29
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 17 KB
Do it like a Fool
  • #10,248
  • Jul 13, 2023 1:37am Jul 13, 2023 1:37am
Quoting Foolsgame
hope everyone is doing good. especially my old buddy pips29 {image}
Wow! where have you been? I'm alright, still doing the same old thing, pressing buy and sell on my laptop. Keep an eye on this level, mate
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.iDaily.png Size: 37 KB
the cautious seldom err....C
  • #10,249
  • Jul 13, 2023 1:43am Jul 13, 2023 1:43am
short GA
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.iM15.png Size: 20 KB
the cautious seldom err....C
  • #10,250
  • Jul 13, 2023 1:49am Jul 13, 2023 1:49am
Quoting pips29
{quote} Wow! where have you been? I'm alright, still doing the same old thing, pressing buy and sell on my laptop. Keep an eye on this level, mate {image}
i stop trading quite long time as busying a lot of things. now thing been slowing down. back to trade again with some insight from you

i trade the 5, now BE already. you're still as sharp as usual bro
Do it like a Fool
  • #10,251
  • Jul 13, 2023 2:32am Jul 13, 2023 2:32am
[quote=Foolsgame;14496503]{quote} i stop trading quite long time as busying a lot of things. now thing been slowing down. back to trade again with some insight from you i trade the 5, now BE already. you're still as sharp as usual bro[/quote
I am on M15 nowadays..getting old and slow, no more driving Ferrari ,just a big vehicle for me like the bus
the cautious seldom err....C
  • #10,252
  • Jul 13, 2023 2:44am Jul 13, 2023 2:44am
Hey FG, can you do the 34ema dashboard for me on MT5 like the one you did on MT4?
the cautious seldom err....C
  • #10,253
  • Jul 13, 2023 2:56am Jul 13, 2023 2:56am
Quoting pips29
short GA {image}
b/e, 1/2 win 1/2 loss
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.iM15.png Size: 20 KB
the cautious seldom err....C
  • #10,254
  • Jul 13, 2023 3:26am Jul 13, 2023 3:26am
short EG
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.iM15.png Size: 19 KB
the cautious seldom err....C
  • #10,255
  • Jul 13, 2023 5:16am Jul 13, 2023 5:16am
Quoting pips29
Hey FG, can you do the 34ema dashboard for me on MT5 like the one you did on MT4?
well, i dont think i'm capable on that as i still on mt4. last time i did use the old one to convert. i'll take a look, but not promise as i getting worse in coding nowadays
Do it like a Fool
  • #10,256
  • Jul 13, 2023 5:17am Jul 13, 2023 5:17am
Quoting Foolsgame
hope everyone is doing good. especially my old buddy pips29 {image}
get luck on this. miss close all position. i shud leave one for the news as believe usd is weakening atm.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 17 KB
Do it like a Fool
  • #10,257
  • Jul 13, 2023 6:09am Jul 13, 2023 6:09am
Quoting pips29
{quote} b/e, 1/2 win 1/2 loss {image}
I re-entered at the 34 ema and taken 1/2 out for some profit. The remainder is at b/e ,so nomatter what happens this pair will end up as a winner for me
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.iM15.png Size: 19 KB
the cautious seldom err....C
  • #10,258
  • Jul 13, 2023 7:47am Jul 13, 2023 7:47am
both of you piping nicely here I went with tp target round numbers +22
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM5 13.07.png Size: 30 KB
  • #10,259
  • Jul 13, 2023 8:01am Jul 13, 2023 8:01am
this trade took being at work, after some time I put on b/e , but then couldn't monitor, got taken out and now is going to my target, which was 1.31
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5 13.07.png Size: 34 KB
  • #10,260
  • Jul 13, 2023 8:41am Jul 13, 2023 8:41am
Quoting Giedrius
this trade took being at work, after some time I put on b/e , but then couldn't monitor, got taken out and now is going to my target, which was 1.31 {image}
I feel you. I have been in this kind of situation so many times, over and over again..I know we feel comfortable when the trade is at b/e but owing to being safe and refusing to lose even a pip, it has cost me many lost pips. There's nothing much we can do being human with emotion. I enter multi lot so that I can scale some out and console myself by saying at least I made some pips istead of being stopped out with my hands empty..by doing this I can prolong my sanity longer, otherwise I might have gone mad by now
the cautious seldom err....C
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