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A very simple system - trade with arrow

  • #10,801
  • Oct 12, 2023 6:39am Oct 12, 2023 6:39am
Taken 41 pips as I have to go out and it was nearly at the TP.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30-12-10(2).png Size: 35 KB
  • #10,802
  • Oct 12, 2023 6:44am Oct 12, 2023 6:44am
Quoting lynnc
Taken 41 pips as I have to go out and it was nearly at the TP. {image}
well done lynnc. My stops were too small and so I paid for the mistake
the cautious seldom err....C
  • #10,803
  • Oct 12, 2023 7:21am Oct 12, 2023 7:21am
Quoting pips29
{quote} well done lynnc. My stops were too small and so I paid for the mistake
So annoying isn't it when that happens
  • #10,804
  • Oct 12, 2023 7:50am Oct 12, 2023 7:50am
Quoting lynnc
{quote}So annoying isn't it when that happens
yes, and it hurts too. I have mentioned before in my posts to leave a 25 pip stop for pound pairs and 20 for the rest and sticking to this standard will have given me a positive trade on both trades
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.rM15.png Size: 32 KB
Click to Enlarge Name: USDCAD.rM15a.png Size: 33 KB
the cautious seldom err....C
  • #10,805
  • Oct 17, 2023 3:16am Oct 17, 2023 3:16am
I don't know what just happen but I am not complaining..good fortune I would say and getting +ve slippage
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.rM5.png Size: 33 KB
the cautious seldom err....C
  • #10,806
  • Oct 17, 2023 3:19am Oct 17, 2023 3:19am
no +ve slippage on this platform though
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5a.png Size: 35 KB
the cautious seldom err....C
  • #10,807
  • Oct 19, 2023 6:56am Oct 19, 2023 6:56am
Taken on M5 today, I took it out early because of it struggling at the h4 supply zone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM5-19-10.png Size: 36 KB
Click to Enlarge Name: EURUSDM5-19-10(2).png Size: 39 KB
  • #10,808
  • Oct 19, 2023 10:12am Oct 19, 2023 10:12am
Just letting you know I am taking a break from trading this method on M5/15, there is hardly anyone else posting here.I will be using M30 and a different method going forward. Cheers!
the cautious seldom err....C
  • #10,809
  • Oct 19, 2023 10:19am Oct 19, 2023 10:19am
Quoting pips29
Just letting you know I am taking a break from trading this method on M5/15, there is hardly anyone else posting here.I will be using M30 and a different method going forward. Cheers!
Thats a shame but hope you're just as successful with the new method.
  • #10,810
  • Oct 19, 2023 10:28am Oct 19, 2023 10:28am
Quoting lynnc
{quote}Thats a shame but hope you're just as successful with the new method.
It's not new, I have been using the method on H1 when I was on the TMS thread but I am leaning towards Likica's M30 method with divergence thrown in as well. You will see my posts on her thread, lynnc
the cautious seldom err....C
  • #10,811
  • Nov 17, 2023 4:59am Nov 17, 2023 4:59am
As it's Friday I switch to the 10/34 ema method to scalp. I took 3 trades this morning and took partial profits on all 3 and moved the stops before I went out to do some errands. GA short happened to hit my stop while I was away from trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDxM5.png Size: 39 KB
Click to Enlarge Name: EURAUDxM5.png Size: 38 KB
Click to Enlarge Name: GBPAUDxM5.png Size: 37 KB
the cautious seldom err....C
  • #10,812
  • Nov 17, 2023 8:02am Nov 17, 2023 8:02am
added more pips to my bag
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDxM5.png Size: 37 KB
the cautious seldom err....C
  • #10,813
  • Edited 9:59am Nov 17, 2023 8:06am | Edited 9:59am
my last trade of the day and week, it's either target or b/e stop
EDit: moving the stop to +26
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYxM5.png Size: 35 KB
the cautious seldom err....C
  • #10,814
  • Nov 17, 2023 11:16am Nov 17, 2023 11:16am
Quoting pips29
my last trade of the day and week, it's either target or b/e stop EDit: moving the stop to +26 {image}
target reached
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYxM5a.png Size: 35 KB
the cautious seldom err....C
  • #10,815
  • Nov 18, 2023 4:50am Nov 18, 2023 4:50am
I plotted some levels on the charts below. Daily levels and H4 levels in blue. The week and day closed with bullish candles on both but as I'm not trading for the longer term both the H4 and Daily charts are more than enough for me to make decisions on exit and target. I rely more on H1 to time my entry on M5 but the H4 and Daily tell me the direction of my entry but entry is on M5 with smaller stop. This is what I'm seeing on EU and GU atm. Until I see otherwise my bias is long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.rDaily.png Size: 34 KB
Click to Enlarge Name: GBPUSD.rDaily.png Size: 34 KB
the cautious seldom err....C
  • #10,816
  • Nov 20, 2023 1:40am Nov 20, 2023 1:40am
gone long a few candles back on both GU and EU...let's see
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDxM5.png Size: 37 KB
Click to Enlarge Name: GBPUSDxM5.png Size: 37 KB
the cautious seldom err....C
  • #10,817
  • Nov 20, 2023 1:51am Nov 20, 2023 1:51am
Quoting pips29
gone long a few candles back on both GU and EU...let's see {image} {image}
I like the setup you have on the m5.
  • #10,818
  • Nov 20, 2023 1:56am Nov 20, 2023 1:56am
Quoting lynnc
{quote}I like the setup you have on the m5.
are you in too?
the cautious seldom err....C
  • #10,819
  • Nov 20, 2023 2:18am Nov 20, 2023 2:18am
Quoting pips29
{quote} are you in too?
I'm in on EU but on the m30. I have a feeling I might switch back to m5
  • #10,820
  • Nov 20, 2023 7:28am Nov 20, 2023 7:28am
By moving the stop to -30 my trade was saved plus I took another entry with 30 min tf. The result was +ve
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDxM5a.png Size: 38 KB
the cautious seldom err....C
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