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A very simple system - trade with arrow

  • #10,761
  • Sep 25, 2023 9:11am Sep 25, 2023 9:11am
I was involved with an issue regarding log in this morning and the problem is now resolved , I missed the short and price is looking to test the level on my chart imo
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDxDaily.png Size: 39 KB
the cautious seldom err....C
  • #10,762
  • Sep 25, 2023 9:13am Sep 25, 2023 9:13am
I think I will leave the pound alone for today and look for other pairs
the cautious seldom err....C
  • #10,763
  • Sep 25, 2023 9:33am Sep 25, 2023 9:33am
Quoting pips29
I was involved with an issue regarding log in this morning and the problem is now resolved , I missed the short and price is looking to test the level on my chart imo {image}
I hope you're right as I'm short and my take profit is above that line.
  • #10,764
  • Sep 25, 2023 9:52am Sep 25, 2023 9:52am
Quoting lynnc
{quote}I hope you're right as I'm short and my take profit is above that line.
I should have said the tp is well above that
  • #10,765
  • Sep 25, 2023 10:08am Sep 25, 2023 10:08am
Quoting lynnc
{quote}I should have said the tp is well above that
well done lynnc,it sure is a winner
the cautious seldom err....C
  • #10,766
  • Sep 25, 2023 10:16am Sep 25, 2023 10:16am
Quoting pips29
{quote} well done lynnc,it sure is a winner
Thanks Eric
  • #10,767
  • Sep 25, 2023 10:43am Sep 25, 2023 10:43am
looking like the pound is strengthening now
the cautious seldom err....C
  • #10,768
  • Sep 25, 2023 4:16pm Sep 25, 2023 4:16pm
Quoting pips29
I was looking at this pair and the downside looks good. levels are plotted using the daily except the one in blue which is on H4...once sterling weakens again my first trade would be a short on this pair, just my view and opinion {image} {image}
price is at the level I plotted on H4 now. I traded short earlier and came out profitable..now I will watch and later in the morning if I find a set up I will trade it
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADxDaily.png Size: 37 KB
the cautious seldom err....C
  • #10,769
  • Sep 25, 2023 4:25pm Sep 25, 2023 4:25pm
Quoting pips29
Looking at the chart I think we can expect strong support @1.2200 level {image}
I did go long twice but the outcome wasn't the one I would have like. PA is very bearish and I think the level at 1.2200 is likely to give way and price going lower into the 1.20s'...will know soon
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDxDaily.png Size: 38 KB
the cautious seldom err....C
  • #10,770
  • Sep 26, 2023 2:19am Sep 26, 2023 2:19am
I overslept and missed the short on cable, what happened was I woke up at 5.30am and upon looking at my mobile decided it was too early and carry on lying in bed. My thinking was to get up and start trading before Europe comes on if set ups are available, but I fell asleep and woke up 10 minutes before LO. I manage to go short GCad when price retraced back to the level in blue
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADxM5.png Size: 32 KB
the cautious seldom err....C
  • #10,771
  • Sep 26, 2023 2:44am Sep 26, 2023 2:44am
also in a EU short
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDxM5.png Size: 32 KB
the cautious seldom err....C
  • #10,772
  • Sep 26, 2023 5:09pm Sep 26, 2023 5:09pm
GCad ended in a loss and fortunately EU and GU brought in the money although I have to endure some pain with EU. My first entry short on cable was taken out with a spike up when red data from the US (consumer confidence) hit the wire. I totally forgot about this release and only realise when I saw the spike up and on the way down I just catch another entry short which worked out..my account ended with a small loss for the day thanks to EU and GU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDxM15.png Size: 34 KB
Click to Enlarge Name: GBPUSDxM15.png Size: 33 KB
the cautious seldom err....C
  • #10,773
  • Edited 8:59am Sep 27, 2023 5:11am | Edited 8:59am
took a long earlier
EDit: stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 28 KB
the cautious seldom err....C
  • #10,774
  • Sep 27, 2023 12:18pm Sep 27, 2023 12:18pm
I re-entered and manually cash out slightly early
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 30 KB
the cautious seldom err....C
  • #10,775
  • Sep 27, 2023 12:20pm Sep 27, 2023 12:20pm
made peanuts from this trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM5.png Size: 37 KB
the cautious seldom err....C
  • #10,776
  • Sep 27, 2023 12:22pm Sep 27, 2023 12:22pm
relatively small profits from the dragon with 2 entries
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 33 KB
the cautious seldom err....C
  • #10,777
  • Sep 28, 2023 5:21am Sep 28, 2023 5:21am
Quoting Foolsgame
{quote} youshould need post more on this so that we learn what you see in HTF
Hi,

I´ve been studying this method and if you can, tell me if you consider the pips29 indicator to open a position. I´m asking this because i saw some examples here that the entries were made without following this indicator.
  • #10,778
  • Sep 28, 2023 5:47am Sep 28, 2023 5:47am
Quoting nbelchior
{quote} Hi, I´ve been studying this method and if you can, tell me if you consider the pips29 indicator to open a position. I´m asking this because i saw some examples here that the entries were made without following this indicator.
you don't need to have this indicator on your chart . it's just for quick references as to where the cci on tf higher than the one you are on..The important indicators are the moving averages and the double cci plus the daily pivot perhaps..
the cautious seldom err....C
  • #10,779
  • Sep 28, 2023 5:54am Sep 28, 2023 5:54am
just taken with tight stop
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYxM5.png Size: 35 KB
the cautious seldom err....C
  • #10,780
  • Sep 28, 2023 6:09am Sep 28, 2023 6:09am
Quoting pips29
{quote} you don't need to have this indicator on your chart . it's just for quick references as to where the cci on tf higher than the one you are on..The important indicators are the moving averages and the double cci plus the daily pivot perhaps..

ok understood! Thanks a lot
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