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A very simple system - trade with arrow

  • #10,501
  • Aug 14, 2023 10:48am Aug 14, 2023 10:48am
I got GJ for 32pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM51408.png Size: 31 KB
  • #10,502
  • Aug 14, 2023 11:02am Aug 14, 2023 11:02am
Quoting Giedrius
{quote} how is going with yours challenge , pips? are you progressing, are you using 10, 34 ema. or something different ?
the 10/34 ema frequently brings me success and the bbma cost me some pips and also brought in some pips but overall profitability lies in trading the 10/34 ema. I'm always challenging myself by trading something that is fairly new to me like indices. I guess I'm easily bored trading the same pairs day in and day ouy. I don't know if I can find a cure before I damage my account, which atm is going well but slowly
the cautious seldom err....C
  • #10,503
  • Aug 14, 2023 11:12am Aug 14, 2023 11:12am
I got in long using the weekly chart together with bbma, here's the entry with the 10/34 ema and bbma just to highlight the entry point. If you know a bit about bbma it was an entry after retracement of a candlestick momentum candle ( candle that closes over the bb)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDxM5.png Size: 31 KB
Click to Enlarge Name: GBPUSDxWeekly.png Size: 34 KB
the cautious seldom err....C
  • #10,504
  • Aug 14, 2023 11:13am Aug 14, 2023 11:13am
Quoting pips29
{quote} the 10/34 ema frequently brings me success and the bbma cost me some pips and also brought in some pips but overall profitability lies in trading the 10/34 ema. I'm always challenging myself by trading something that is fairly new to me like indices. I guess I'm easily bored trading the same pairs day in and day ouy. I don't know if I can find a cure before I damage my account, which atm is going well but slowly
I guess is always good to try something new! If for many years you are making money so I don't think you will have any problems to pass the test!
  • #10,505
  • Aug 14, 2023 11:15am Aug 14, 2023 11:15am
Damn! the gold trade took some blood off me
the cautious seldom err....C
  • #10,506
  • Aug 14, 2023 11:16am Aug 14, 2023 11:16am
Quoting pips29
I got in long using the weekly chart together with bbma, here's the entry with the 10/34 ema and bbma just to highlight the entry point. If you know a bit about bbma it was an entry after retracement of a candlestick momentum candle ( candle that closes over the bb) {image} {image}
very precise entry, nice!
  • #10,507
  • Aug 14, 2023 11:20am Aug 14, 2023 11:20am
Quoting Giedrius
{quote} I guess is always good to try something new! If for many years you are making money so I don't think you will have any problems to pass the test!
the challenge is a different ball game because of the drawdown rules which is 4% daily and 8% maximum. I normally have bigger stops and so one mistake I will be thrown out, atm I'm risking 1/2% and I think I should be risking 1% so it's much slower to hit target or to lose the account
the cautious seldom err....C
  • #10,508
  • Aug 14, 2023 11:25am Aug 14, 2023 11:25am
I have been observing the dow or the like and I notice from 8.30 pm (UK time) using the M1 trend and tf you can make 50-100 points before the trend turns and so I will do a trade on the dow or Nas starting from 8.30 pm tonight. In the meantime I will take it easy, no trade atm. When I say 8.30 pm I mean I will be turning on my laptop to see if a trade is available and once I see one I will take it,i.e. anytime from the stipulated time. I hope I made myself clear
the cautious seldom err....C
  • #10,509
  • Aug 14, 2023 11:26am Aug 14, 2023 11:26am
Quoting pips29
{quote} the challenge is a different ball game because of the drawdown rules which is 4% daily and 8% maximum. I normally have bigger stops and so one mistake I will be thrown out, atm I'm risking 1/2% and I think I should be risking 1% so it's much slower to hit target or to lose the account
I understand you have to fit in some frame. And you have to forget about bbma stacking up trades, averaging !?
  • #10,510
  • Aug 14, 2023 11:36am Aug 14, 2023 11:36am
for good or for worse decided to close for 10pips. Dont want to leave for I don't know if will go trough 0.86000 , 4h. candle is just on 200ema and no intention to leave for the night!
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM51408.png Size: 32 KB
  • #10,511
  • Aug 14, 2023 11:37am Aug 14, 2023 11:37am
Quoting Giedrius
{quote} I understand you have to fit in some frame. And you have to forget about bbma stacking up trades, averaging !?
yeah, adjustments to the mindset has to be made and also the level of greed. I am looking at 10-20 pips a trade ideally with the right amount of lots. 50 pips per day with 2 lots is the way I should be aiming and perhaps with 4 lots to make it interesting. I might just do that tomorrow. I hope I can finish the challenge before I go to Normandy for a week's holiday early Sept.
the cautious seldom err....C
  • #10,512
  • Aug 14, 2023 11:40am Aug 14, 2023 11:40am
Quoting Giedrius
for good or for worse decided to close for 10pips. Dont want to leave for I don't know if will go trough 0.86000 , 4h. candle is just on 200ema and no intention to leave for the night! {image}
10 pips on this pair is good as the pip value is higher than most
the cautious seldom err....C
  • #10,513
  • Aug 14, 2023 11:42am Aug 14, 2023 11:42am
Quoting pips29
{quote} yeah, adjustments to the mindset has to be made and also the level of greed. I am looking at 10-20 pips a trade ideally with the right amount of lots. 50 pips per day with 2 lots is the way I should be aiming and perhaps with 4 lots to make it interesting. I might just do that tomorrow. I hope I can finish the challenge before I go to Normandy for a week's holiday early Sept.
I'm sure you will find balance, you are well cooked trader
  • #10,514
  • Aug 14, 2023 11:44am Aug 14, 2023 11:44am
taking a break now, bbl
the cautious seldom err....C
  • #10,515
  • Aug 15, 2023 4:04am Aug 15, 2023 4:04am
Took 2 trades this morning, both longs EU & GU. Both were closed manually, EU at b/e and GU with some profits. I just want to say I added in the 200 simple MA and the idea is to follow the direction of this MA together with the 10/34 ema. I entered GU on M15
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDxM15.png Size: 32 KB
the cautious seldom err....C
  • #10,516
  • Aug 15, 2023 9:45am Aug 15, 2023 9:45am
just playing a retracement on the dragon using H4 looking at chart pattern, a doji was formed on the previous candle and I reckon some retracement might happen, in case price moves up I have another sell higher up. As my entry is split into 2, I am comfortable with the risk with stops in place..let's see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYxH4.png Size: 30 KB
the cautious seldom err....C
  • #10,517
  • Aug 16, 2023 1:52am Aug 16, 2023 1:52am
first trade of the moning ,short UY
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYxM5.png Size: 36 KB
the cautious seldom err....C
  • #10,518
  • Aug 16, 2023 2:24am Aug 16, 2023 2:24am
Quoting pips29
first trade of the moning ,short UY {image}
i got mine too
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 23 KB
Do it like a Fool
  • #10,519
  • Aug 16, 2023 6:45am Aug 16, 2023 6:45am
Flash News!! England going to the final of the World Cup 101%
the cautious seldom err....C
  • #10,520
  • Aug 16, 2023 6:57am Aug 16, 2023 6:57am
Quoting pips29
Flash News!! England going to the final of the World Cup 101%
Fantastic!! Well done Lionesses
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