A very simple system - trade with arrow | Page 529 | Forex Factory

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A very simple system - trade with arrow

  • #10,561
  • Aug 29, 2023 7:32am Aug 29, 2023 7:32am
Quoting pips29
The chart shows a short but I don't fancy taking it as it's too close to the 200ema on the daily {image}
well, i got mine and GU too
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 23 KB
Do it like a Fool
  • #10,562
  • Aug 29, 2023 8:14am Aug 29, 2023 8:14am
Quoting Foolsgame
{quote} well, i got mine and GU too {image}
well, good for you but not my liking
the cautious seldom err....C
  • #10,563
  • Aug 29, 2023 8:24am Aug 29, 2023 8:24am
not very elegant exit, rarely is!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM52908.png Size: 32 KB
  • #10,564
  • Aug 29, 2023 9:16am Aug 29, 2023 9:16am
Quoting Giedrius
not very elegant exit, rarely is! {image}
nice, Giedrius. You will improve on your exit as time goes by, in the meantime get your entry correct and you never have to worry about the exit. Look at mine, very bad isn't it
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDxM15.png Size: 40 KB
the cautious seldom err....C
  • #10,565
  • Aug 29, 2023 9:28am Aug 29, 2023 9:28am
My EC trade ended well but could have been much better had I taken the trouble to check the stop I used on my other platform rather than just placing it a few pips below the DP as the pivots differ between the 2 platforms
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCAD.iH1.png Size: 35 KB
Click to Enlarge Name: EURCADxH1.png Size: 36 KB
the cautious seldom err....C
  • #10,566
  • Aug 29, 2023 2:22pm Aug 29, 2023 2:22pm
Used the 29Pips indicator today on USDJPY during London/NY session crossover for a nice +37pip move with the M30 chart. This indicator seems to do very well to pick out the potential volume coming into the market once all of the colors line up for the time frames.

This is on a MFF 20k Evaluation Phase 1 account I just started
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 51 KB
  • #10,567
  • Aug 30, 2023 2:20am Aug 30, 2023 2:20am
gone long just before LO as set up was printed
EDit: taken 1/3 out for some profit and trade locked in at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYxM5.png Size: 35 KB
the cautious seldom err....C
  • #10,568
  • Edited Aug 31, 2023 2:21am Aug 30, 2023 3:21am | Edited Aug 31, 2023 2:21am
got this after the dip...manual close with -17
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 22 KB
Do it like a Fool
  • #10,569
  • Aug 30, 2023 4:19am Aug 30, 2023 4:19am
Quoting pips29
gone long just before LO as set up was printed EDit: taken 1/3 out for some profit and trade locked in at b/e {image}
the remainder (1/3) was stopped out at b/e,,next
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYxM5.png Size: 35 KB
the cautious seldom err....C
  • #10,570
  • Aug 30, 2023 7:55am Aug 30, 2023 7:55am
Quoting pips29
{quote} nice, Giedrius. You will improve on your exit as time goes by, in the meantime get your entry correct and you never have to worry about the exit. Look at mine, very bad isn't it {image}
yesterday thought I had my entry okay and then trade just felled from a cliff -20
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM53008.png Size: 30 KB
  • #10,571
  • Aug 30, 2023 8:02am Aug 30, 2023 8:02am
Ucad taken this morning, 2% risk, 4% gain on the account. I also took an H1 AU but that was with the tdi so will post that one in the eefranz thread.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADM5-30-08.png Size: 43 KB
Click to Enlarge Name: USDCADM5-30-08(2).png Size: 39 KB
  • #10,572
  • Aug 30, 2023 8:04am Aug 30, 2023 8:04am
Quoting lynnc
Ucad taken this morning, 2% risk, 4% gain on the account. I also took an H1 AU but that was with the tdi so will post that one in the eefranz thread. {image} {image}
nice as usual lynnc
  • #10,573
  • Aug 30, 2023 8:06am Aug 30, 2023 8:06am
Quoting Giedrius
{quote} nice as usual lynnc
Thanks Giedrius.
  • #10,574
  • Aug 30, 2023 8:14am Aug 30, 2023 8:14am
Today I got better trade, maybe bit to early had dd -10pips. Though will end up at b/e but after 26pips retracement price went north again. TP at ADR and 1.27000 .
TP could have been 4h. TF 200ema , as pips29 you were advising couple pages back . This would be another 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM53008.png Size: 32 KB
  • #10,575
  • Aug 30, 2023 8:14am Aug 30, 2023 8:14am
Quoting Giedrius
{quote} yesterday thought I had my entry okay and then trade just felled from a cliff -20 {image}
For what its worth, I always check the h1 and h4 before entering on m5 and neither of those previous candles looked particularly good for buying before you bought.
  • #10,576
  • Aug 30, 2023 8:17am Aug 30, 2023 8:17am
Quoting lynnc
Ucad taken this morning, 2% risk, 4% gain on the account. I also took an H1 AU but that was with the tdi so will post that one in the eefranz thread. {image} {image}
I have also gone short UCad and closed it manually as it reached my profit target for the challenge 20-30 minutes ago. I have also received the credentials for phase 2 about 20 minutes ago
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADxM5.png Size: 35 KB
the cautious seldom err....C
  • #10,577
  • Aug 30, 2023 8:19am Aug 30, 2023 8:19am
Quoting pips29
{quote} I have also gone short UCad and closed it manually as it reached my profit target for the challenge 20-30 minutes ago. I have also received the credentials for phase 2 about 20 minutes ago {image}
Well done Eric, really well done!!
  • #10,578
  • Aug 30, 2023 8:20am Aug 30, 2023 8:20am
Quoting Giedrius
Today I got better trade, maybe bit to early had dd -10pips. Though will end up at b/e but after 26pips retracement price went north again. TP at ADR and 1.27000 . TP could have been 4h. TF 200ema , as pips29 you were advising couple pages back . This would be another 20 pips. {image}
This one worked out fine. Personally I would have waited for the h4 candle to close (my chart time would be 12 noon) as I didn't like the close of the previous for buying. It doesn't always work obviously but the more you can get in your favour the better.
  • #10,579
  • Aug 30, 2023 8:21am Aug 30, 2023 8:21am
Quoting Giedrius
Today I got better trade, maybe bit to early had dd -10pips. Though will end up at b/e but after 26pips retracement price went north again. TP at ADR and 1.27000 . TP could have been 4h. TF 200ema , as pips29 you were advising couple pages back . This would be another 20 pips. {image}
What a beauty Giedrius..
the cautious seldom err....C
  • #10,580
  • Aug 30, 2023 8:28am Aug 30, 2023 8:28am
Quoting lynnc
{quote}Well done Eric, really well done!!
Thank you lynnc, I am taking far longer than most and a novice . I reckon I need to increase my risk to 1% going forward instead of <0.5%. I will be leaving for Normandy this Sunday and will be back 6 days later and so I will not be trading the challenge account as I read from the threads here you might be disqualified when found trading with different IP address, so if I do trade it will be my own personal account
the cautious seldom err....C
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