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A very simple system - trade with arrow

  • #11,541
  • Sep 11, 2024 9:33pm Sep 11, 2024 9:33pm
first trade today
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 23 KB
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  • #11,542
  • Sep 12, 2024 12:23am Sep 12, 2024 12:23am
Hit BE. might turn up or down...monitoring to see how it goes
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Click to Enlarge Name: USDJPYH1.png Size: 10 KB
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  • #11,543
  • Sep 12, 2024 1:32am Sep 12, 2024 1:32am
Quoting Foolsgame
first trade today {image}
That was a buy or a sell? (10th candle from right to left)
If it was a sell, 10 is below 34, but you're selling into daily PP and M15 34EMA.
If it was a buy, the M5 10/34 says "sell"

Please explain a bit.
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  • #11,544
  • Sep 12, 2024 1:44am Sep 12, 2024 1:44am
Quoting pips29
{quote} I don't quite understand what you are asking. Can you post charts to explain what you mean
Here's the chart - USD/JPY, 5M, text on the image.

The higher TF EMAs nee to be all aligned/stacked and point in the same direction or just run away from them?
Yellow or blueish entry zone?

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Click to Enlarge Name: screenshot.png Size: 27 KB
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  • #11,545
  • Sep 12, 2024 2:31am Sep 12, 2024 2:31am
Quoting ipop99
{quote} Here's the chart - USD/JPY, 5M, text on the image. The higher TF EMAs nee to be all aligned/stacked and point in the same direction or just run away from them? Yellow or blueish entry zone? {image}
Obviously the one in yellow and there were 3 more longs you could have taken too
the cautious seldom err....C
  • #11,546
  • Sep 12, 2024 2:37am Sep 12, 2024 2:37am
Quoting pips29
{quote} Obviously the one in yellow and there were 3 more longs you could have taken too
Ok, but what's the purpose of the 4H from post #1? "For the example, i will use my timeframe to lead which is the H4(4 Hour) time frame."

So from the initial rules (buy):
- 10/34 cross on the 5M chart
- trade away from 15M and 1H 34EMA
- check CCI and PA
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  • #11,547
  • Sep 12, 2024 2:58am Sep 12, 2024 2:58am
gone short
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.rM15.png Size: 29 KB
the cautious seldom err....C
  • #11,548
  • Sep 12, 2024 3:13am Sep 12, 2024 3:13am
Quoting pips29
gone short {image}
i got GU instead. EU im looking it to break the support low before entry.
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  • #11,549
  • Sep 12, 2024 3:25am Sep 12, 2024 3:25am
just put thing my way of trading here(pips29 might can give some input if im wrong)

H4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 15 KB

H4 chart show a starting downtrend after and uptrend. but the 10/34 does not cross yet.
why did i trade it? look down

H1 chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 16 KB
Since that H4 is starting to goes down, u can see a clear downward direction H1. there is also a resistant area there for me.

Entry chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM52.png Size: 25 KB



i enter earlier as the rejection on the daily pivot as the next support area are also around 10 pis different and my stop is around 8 pips.
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  • #11,550
  • Sep 16, 2024 2:46am Sep 16, 2024 2:46am
long GU for first trade of the week
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  • #11,551
  • Sep 16, 2024 3:24am Sep 16, 2024 3:24am
short UJ
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Click to Enlarge Name: USDJPYM5.png Size: 20 KB
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  • #11,552
  • Sep 16, 2024 3:38am Sep 16, 2024 3:38am
took this trade last night and target was hit this mornning
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rM5.png Size: 33 KB
the cautious seldom err....C
  • #11,553
  • Sep 16, 2024 3:42am Sep 16, 2024 3:42am
Quoting Foolsgame
short UJ {image}
I went short last night and after +7 I moved my stop to b/e before going to bed, and sadly my stop was hit
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the cautious seldom err....C
  • #11,554
  • Sep 16, 2024 3:50am Sep 16, 2024 3:50am
Quoting pips29
{quote} I went short last night and after +7 I moved my stop to b/e before going to bed, and sadly my stop was hit {image}
that will be more than 100 pips if SL not hit. i am monitoring close on UJ. the liquidity is not there. might close premature or BE asap
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  • #11,555
  • Sep 16, 2024 3:59am Sep 16, 2024 3:59am
Quoting Foolsgame
{quote} that will be more than 100 pips if SL not hit. i am monitoring close on UJ. the liquidity is not there. might close premature or BE asap
I have these levels marked on my chart, might be useful
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.rDaily.png Size: 36 KB
the cautious seldom err....C
  • #11,556
  • Edited 4:15am Sep 16, 2024 4:01am | Edited 4:15am
decide to close UJ premature -11 . my observation on UJ always tend to reverse after tokyo close then continues on the NY open.
close GU too
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDJPYM5.png Size: 20 KB
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  • #11,557
  • Sep 16, 2024 4:01am Sep 16, 2024 4:01am
on EY
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.rDaily.png Size: 36 KB
the cautious seldom err....C
  • #11,558
  • Sep 16, 2024 4:04am Sep 16, 2024 4:04am
just mark some levels using the daily on your charts and find your entry/exit. I use ltf for entry and target htf levels, I'm greedy
the cautious seldom err....C
  • #11,559
  • Sep 16, 2024 4:05am Sep 16, 2024 4:05am
Quoting pips29
{quote} I have these levels marked on my chart, might be useful {image}
yeap, almost same as mine
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Click to Enlarge Name: USDJPYDaily.png Size: 14 KB
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  • #11,560
  • Sep 16, 2024 4:20am Sep 16, 2024 4:20am
gone short on M1
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.rM1.png Size: 28 KB
the cautious seldom err....C
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