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A very simple system - trade with arrow

  • #10,301
  • Jul 21, 2023 6:19am Jul 21, 2023 6:19am
I couldn't make money with EU earlier and it was a reason why I went for EY
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the cautious seldom err....C
  • #10,302
  • Jul 21, 2023 7:50am Jul 21, 2023 7:50am
I've taken a long break from trading but I am back now feeling very refreshed. I have come back using this system because after going through loads of my old trades it is the one that has consistently earned me money on m30 so why fix it if it ain't broke as the saying goes.

I have taken it easy my first week back, but still up 3.5% so I am happy with that.

This was my ucad trade today.

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  • #10,303
  • Jul 21, 2023 7:51am Jul 21, 2023 7:51am
and a couple of eu's yesterday and Wednesday.
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  • #10,304
  • Jul 21, 2023 7:54am Jul 21, 2023 7:54am
And AU taken on Tuesday that ran into Wednesday

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  • #10,305
  • Jul 21, 2023 9:45am Jul 21, 2023 9:45am
Quoting lynnc
I've taken a long break from trading but I am back now feeling very refreshed. I have come back using this system because after going through loads of my old trades it is the one that has consistently earned me money on m30 so why fix it if it ain't broke as the saying goes. I have taken it easy my first week back, but still up 3.5% so I am happy with that. This was my ucad trade today. {image} {image}
Hey lynnc, nice to see you back, looks like the market is for your taking. The trades were well taken. You were trading according to the method and I'm so glad you are making money. 3.5% per week is fantastic. Keep it up and hope to see more trades from you.
the cautious seldom err....C
  • #10,306
  • Jul 21, 2023 11:10am Jul 21, 2023 11:10am
Quoting pips29
{quote} Hey lynnc, nice to see you back, looks like the market is for your taking. The trades were well taken. You were trading according to the method and I'm so glad you are making money. 3.5% per week is fantastic. Keep it up and hope to see more trades from you.
Thanks Eric, nice to be back
  • #10,307
  • Jul 22, 2023 7:29am Jul 22, 2023 7:29am
Quoting pips29
gone short the dragon after p.a was overstretched imo breaking R3 and also the adr..trade was taken using M5 just after the arrow {image}
how do you manage the SL for this kind of trade?
Do it like a Fool
  • #10,308
  • Jul 22, 2023 12:50pm Jul 22, 2023 12:50pm
Quoting Foolsgame
{quote} how do you manage the SL for this kind of trade?
As this was a CT trade the stop would be a few pips above the 34 ema of entry candle. I would move stop to b/e asap. I got a bit greedy with this trade and my target would have been reached for the remainder but instead I split the remainder into 2 and took 1 out at my initial target and left the other for target lower which was not reached
the cautious seldom err....C
  • #10,309
  • Edited 7:30pm Jul 23, 2023 7:20pm | Edited 7:30pm
first trade of the week, closed most of it. got another EA buy too.
*edit*
remainder stop out and EA stop out with -15 pips too.
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Do it like a Fool
  • #10,310
  • Jul 23, 2023 7:33pm Jul 23, 2023 7:33pm
i think aussie is planing on a bounce from 200EMA
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 21 KB
Do it like a Fool
  • #10,311
  • Jul 23, 2023 10:57pm Jul 23, 2023 10:57pm
Quoting Foolsgame
i think aussie is planing on a bounce from 200EMA {image}
initially this trade was for 5 min, i turn it into the H4 widen the SL..add in some if 5 minutes shows the direction
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 19 KB
Do it like a Fool
  • #10,312
  • Jul 24, 2023 1:38am Jul 24, 2023 1:38am
After seeing data from Germany and France in the red my gut wastelling me the same for the UK..M15 was showing a sell and I entered with 3 shorts. Two have hit target and I have left a very tiny portion left on the remainder for a target lower
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #10,313
  • Jul 24, 2023 1:53am Jul 24, 2023 1:53am
Quoting pips29
After seeing data from Germany and France in the red my gut wastelling me the same for the UK..M15 was showing a sell and I entered with 3 shorts. Two have hit target and I have left a very tiny portion left on the remainder for a target lower {image}
you got good guts. im thinking to short too.. but too risky and i sit sideline atm....
Do it like a Fool
  • #10,314
  • Jul 24, 2023 2:03am Jul 24, 2023 2:03am
Quoting pips29
After seeing data from Germany and France in the red my gut wastelling me the same for the UK..M15 was showing a sell and I entered with 3 shorts. Two have hit target and I have left a very tiny portion left on the remainder for a target lower {image}
how do you set your SL for this kind of thing? seems scary if it go North...
Do it like a Fool
  • #10,315
  • Jul 24, 2023 2:11am Jul 24, 2023 2:11am
Quoting Foolsgame
{quote} you got good guts. im thinking to short too.. but too risky and i sit sideline atm....
minimal risk to short as H1 and H4 were also on the downside...it will be risky to long imo
the cautious seldom err....C
  • #10,316
  • Jul 24, 2023 2:17am Jul 24, 2023 2:17am
Quoting Foolsgame
{quote} how do you set your SL for this kind of thing? seems scary if it go North...
This kind of news can never change the direction of higher tf. They have minimal impact and is used to con traders by the big boys..You should be wary if it's related to inflation or rate changes, so there is no fear even if the results were +ve if you have the trend on the htf in line
the cautious seldom err....C
  • #10,317
  • Jul 24, 2023 5:52am Jul 24, 2023 5:52am
Trying an AJ short, missed GU and EU earlier today.
Attached Image (click to enlarge)
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  • #10,318
  • Jul 24, 2023 6:11am Jul 24, 2023 6:11am
Quoting Foolsgame
{quote} initially this trade was for 5 min, i turn it into the H4 widen the SL..add in some if 5 minutes shows the direction {image}
hit BE
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 16 KB
Do it like a Fool
  • #10,319
  • Jul 24, 2023 7:02am Jul 24, 2023 7:02am
After the remaider of my initial entry was stopped out I waited at H1 for an entry at the 34ema. When it came I just took it
Attached Image(s) (click to enlarge)
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the cautious seldom err....C
  • #10,320
  • Jul 24, 2023 7:09am Jul 24, 2023 7:09am
I just don't know what happened to the remainder after taking some out. I'm pretty sure I left the trade alone and my target would have been hit but as it is shown the remainder was taken out at 15 pips, perhaps a zombie is trading on my behalf or someone playing tricks with my account
Attached Image (click to enlarge)
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the cautious seldom err....C
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