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A very simple system - trade with arrow

  • #10,721
  • Sep 21, 2023 2:22am Sep 21, 2023 2:22am
qm on M30?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDxM30.png Size: 34 KB
Click to Enlarge Name: EURUSDxM30.png Size: 33 KB
the cautious seldom err....C
  • #10,722
  • Sep 21, 2023 3:16am Sep 21, 2023 3:16am
Quoting pips29
qm on M30? {image} {image}
Is that short for Quasimodo? I've just looked the pattern up and I didn't realise I had been trading a quasimodo
  • #10,723
  • Sep 21, 2023 3:28am Sep 21, 2023 3:28am
Quoting lynnc
{quote}Is that short for Quasimodo? I've just looked the pattern up and I didn't realise I had been trading a quasimodo
the qm did not work out. It's for a long in this case
the cautious seldom err....C
  • #10,724
  • Edited 3:51am Sep 21, 2023 3:31am | Edited 3:51am
gone short
EDit: target adjusted upwards to a few pips above H4 34 ema
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYxM5.png Size: 37 KB
the cautious seldom err....C
  • #10,725
  • Sep 21, 2023 3:37am Sep 21, 2023 3:37am
shorting AU
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 28 KB
Do it like a Fool
  • #10,726
  • Sep 21, 2023 3:49am Sep 21, 2023 3:49am
Quoting Foolsgame
shorting AU {image}
I see so many steps on your chart, what are they for? the 10/34 ema is sufficient ,bro
the cautious seldom err....C
  • #10,727
  • Sep 21, 2023 4:25am Sep 21, 2023 4:25am
Quoting pips29
{quote} I see so many steps on your chart, what are they for? the 10/34 ema is sufficient ,bro
that the 10 ema in the H1 and H4 with the colour change when 10/34 ema cross over
Do it like a Fool
  • #10,728
  • Sep 21, 2023 5:09am Sep 21, 2023 5:09am
Quoting pips29
gone short EDit: target adjusted upwards to a few pips above H4 34 ema {image}
taken 1/4 out for some profit of the morning and stop is at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYxM5.png Size: 36 KB
the cautious seldom err....C
  • #10,729
  • Edited 5:50am Sep 21, 2023 5:26am | Edited 5:50am
taken 3/4 off trade in total and stop at b/e+4 pips
EDit: stop at +25
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYxM5.png Size: 37 KB
the cautious seldom err....C
  • #10,730
  • Sep 21, 2023 5:40am Sep 21, 2023 5:40am
I have these levels plotted on my chart and another level was broken today, looking very bearish I must say but I won't be trading cable until the announcement is made, just watching is my stance atm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.iDaily.png Size: 33 KB
the cautious seldom err....C
  • #10,731
  • Sep 21, 2023 6:02am Sep 21, 2023 6:02am
just as expected target hit
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYxM5.png Size: 36 KB
the cautious seldom err....C
  • #10,732
  • Sep 21, 2023 6:05am Sep 21, 2023 6:05am
on my other platform
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.iM5a.png Size: 36 KB
the cautious seldom err....C
  • #10,733
  • Sep 21, 2023 6:22am Sep 21, 2023 6:22am
Quoting pips29
just as expected target hit {image}
Very nicely done Eric!
  • #10,734
  • Sep 21, 2023 6:23am Sep 21, 2023 6:23am
Quoting lynnc
{quote}Very nicely done Eric!
Did you not sell cable?
the cautious seldom err....C
  • #10,735
  • Sep 21, 2023 6:27am Sep 21, 2023 6:27am
The swissy is finding it hard to climb anymore judging by pa so far...the blue area needs to be overcome again for the swissy to swing up but as R3 is already done perhaps shorting for a retracement might be doable or perhaps look elsewhere for something more "concrete"
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFxM5.png Size: 34 KB
the cautious seldom err....C
  • #10,736
  • Sep 21, 2023 6:29am Sep 21, 2023 6:29am
Quoting pips29
{quote} Did you not sell cable?
No unfortunately I missed it but I am in an EJ sell at the moment., its at BE +2 so just going to leave it and see if it can reach tp.
  • #10,737
  • Sep 21, 2023 6:37am Sep 21, 2023 6:37am
I am thinking of just using the arrow to trade indices on M5, very simple and effective I reckon..both Nas and the Dow were easy pickings
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NAS100M5.png Size: 30 KB
Click to Enlarge Name: US30M5.png Size: 30 KB
the cautious seldom err....C
  • #10,738
  • Sep 21, 2023 6:38am Sep 21, 2023 6:38am
Quoting pips29
I am thinking of just using the arrow to trade indices on M5, very simple and effective I reckon..both Nas and the Dow were easy pickings {image} {image}
It does look good my problem is having to move away from the m5 and m15 because of time restraints at the moment.
  • #10,739
  • Sep 21, 2023 7:04am Sep 21, 2023 7:04am
Quoting lynnc
{quote} It does look good my problem is having to move away from the m5 and m15 because of time restraints at the moment.
back to M30 I guess
the cautious seldom err....C
  • #10,740
  • Sep 21, 2023 7:05am Sep 21, 2023 7:05am
Quoting pips29
{quote} back to M30 I guess
Yes its suits me at the moment. M15 is too quick and H1 is too slow
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