A very simple system - trade with arrow | Page 591 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need help for this very very simple indicator 1 reply

Looking for simple arrow indicator 0 replies

lets develop a system which is very very simple but effective. 7 replies

Can anyone add a simple crossover arrow to this? 2 replies

mt4 coder needed for a very very simple system 2 replies

Attachments: A very simple system - trade with arrow
Exit Attachments

A very simple system - trade with arrow

  • #11,801
  • Oct 28, 2024 5:34am Oct 28, 2024 5:34am
I am long UCad and in slight dd atm
the cautious seldom err....C
  • #11,802
  • Oct 28, 2024 9:21am Oct 28, 2024 9:21am
Quoting pips29
continuing with UCad above if you use mtf analysis trading M15 will require you to have a look at H1 and H4 at the least. On these charts you will find the cci50 above 0 level and the 10ema is above the 34 ema which tell you that a long has a better chance of winning. It's all about putting odds in your favour when you enter. There's no 100% guarantee it will work out. Try it out and let me know
Thank you very much. This method is much more concise than mine. I plan to code this method into an EA for extensive data testing. However, I'd like to understand some more details about this strategy. The image shows today's GBPJPY M5 chart, and these 4 positions all meet the short-selling conditions. I'd like to know how you would make decisions here. Would you avoid taking short positions because of the uptrend in higher timeframes, or would you avoid them because the price is above today's PP (Pivot Point)?
Attached Image (click to enlarge)
Click to Enlarge Name: q1028.png Size: 782 KB
  • #11,803
  • Oct 28, 2024 9:26am Oct 28, 2024 9:26am
Quoting pips29
I have restricted access to the internet and so have to be extra careful. I can't access the platform on my laptop but just manage to on the mobile, barely.

Will you be staying in China for much longer? The trading platform you're using might be special, because as far as I know, many platforms are accessible in mainland China, though some can be very slow indeed.

If you have a foreign SIM card with roaming enabled, or a Hong Kong SIM card that works in mainland China, I suggest you could turn on your phone's hotspot and connect your laptop to the mobile network - this way you won't have restricted access to foreign websites.
  • #11,804
  • Oct 28, 2024 9:59am Oct 28, 2024 9:59am
Quoting sni
{quote} Thank you very much. This method is much more concise than mine. I plan to code this method into an EA for extensive data testing. However, I'd like to understand some more details about this strategy. The image shows today's GBPJPY M5 chart, and these 4 positions all meet the short-selling conditions. I'd like to know how you would make decisions here. Would you avoid taking short positions because of the uptrend in higher timeframes, or would you avoid them because the price is above today's PP (Pivot Point)? {image}
in order of importance is 1: uptrend in htf and 2: price is above the pivot
the cautious seldom err....C
  • #11,805
  • Oct 28, 2024 10:13am Oct 28, 2024 10:13am
Quoting sni
{quote} Will you be staying in China for much longer? The trading platform you're using might be special, because as far as I know, many platforms are accessible in mainland China, though some can be very slow indeed. If you have a foreign SIM card with roaming enabled, or a Hong Kong SIM card that works in mainland China, I suggest you could turn on your phone's hotspot and connect your laptop to the mobile network - this way you won't have restricted access to foreign websites.
I was in Yangtso for 4 nights and presently in Guilin city center for 2 nights and tomorrow will catch the train to Shenzhen and spent 3 nights there again. If timing works out I will be going to Taiwan for 5 days on a tour and then several days in HK before flying to Heathrow via Beijing. My wife has bought extra data for her phone with free roaming but she still cannot access FB,Whatsapp and googlemail. The next time I come (likely next year) I will use a vpn.
the cautious seldom err....C
  • #11,806
  • Oct 28, 2024 10:26am Oct 28, 2024 10:26am
currently I am in dd of 8 pips for EU and 2 pips for UCad. I was kicked out of cable at + 2 after taking 50% off for some profits earlier. As I am tired from all this walking visiting places I am going to call it a night
the cautious seldom err....C
  • #11,807
  • Oct 28, 2024 11:30am Oct 28, 2024 11:30am
Quoting pips29
{quote} I was in Yangtso for 4 nights and presently in Guilin city center for 2 nights and tomorrow will catch the train to Shenzhen and spent 3 nights there again. If timing works out I will be going to Taiwan for 5 days on a tour and then several days in HK before flying to Heathrow via Beijing. My wife has bought extra data for her phone with free roaming but she still cannot access FB,Whatsapp and googlemail. The next time I come (likely next year) I will use a vpn.

I might be mistaken, but if your roaming data provider is a Chinese telecom operator, they should follow Chinese laws and won't be able to access certain overseas websites. Strangely, three months ago when I was roaming in Japan and South Korea with a Chinese SIM card, I also couldn't access Google.

I think since your phone network is allowed to access the trading platform, theoretically you should be able to access the platform when connecting your computer to your phone's hotspot. A VPN would be a good option, but you need to verify before purchasing since access to some VPN is also restricted and cannot connect in mainland China. Also, as far as I know, Hong Kong SIM cards, including temporary ones, can be used normally in mainland China.

You also mentioned not liking walking visiting - actually, quite a lot of scenic spots in China require walking, though some mountains have shuttle buses and cable cars. This is because China is a mountainous country, with about 70% of its territory covered by mountains and hills, plus vast deserts and uninhabited areas. The three major plains and coastal areas are where you'll find urban landscapes. When you return by high-speed rail, pay attention to the view outside the window - you'll see just how challenging and impressive these engineering feats are.

Have a wonderful time!
  • #11,808
  • Oct 28, 2024 7:12pm Oct 28, 2024 7:12pm
Yes, there are so many scenic spots in the country. When I was in Yangso my wife and I went to Peak Ruyi. I have to use the cable car to reach the top of the hill, a scary ride for me and then a skywalk bridge that is suspended which sways with strong winds and heavy walking and then over a bridge which is glass on one side. Of course I dare not walk on the glass plus many steps up and down moving from one hill to the next. The air is fresh even in the crowded cities as the mode of transport is mainly electric like cars and motor bikes. The problem is the motorcyclists as they do not obey traffic laws and also ride on pacements where you walk. As these vehicles are so silent being electric they are at the back of you without you knowing. Crossing the road from one side to the next is a struggle. The cars might have stopped but the bikers seem to be blind. I was nearly knocked by a car last night crossing the road. 2 cars stopped for me to cross the road but another came rushing by and brake several feet in front of me. The roads are wide with several lanes and I guess he did not see me. Initially we thought of visiting Xian and pay a visit to the tomb of the emperor and his terracotta warriors but heard it's cold and there was snowfall several days ago. Don't fancy the cold atm as I will soon face it after the trip. Japan and South Korea are also on our list, might also do it next year I can't access the photos taken with my mobile, otherwise I would put a few up. We will be on the high speed train again as we travel back to Schenzhen and these trains are above ground level
the cautious seldom err....C
  • #11,809
  • Oct 29, 2024 8:52am Oct 29, 2024 8:52am
Quoting pips29
I took a short earlier before the candle close and in dd atm {image}
Target reached. I am in Shenzhen now after a 3 hour journey from Guilin North Station on the high speed rail
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241029-212800.png Size: 85 KB
the cautious seldom err....C
  • #11,810
  • Oct 29, 2024 9:24am Oct 29, 2024 9:24am
Haha, it seems you don't like taking risks - I wonder if this matches your personality when trading forex. I quite enjoy riding cable cars and walking on glass-bottom walkways. My daughter is 3 years old this year, and she's already walked on many high-altitude walkways with me. She really enjoys it too.
Regarding motorcyclists not following traffic rules, this has probably become a serious social problem. Every morning when I walk to work, I have to repeatedly check behind cars stopped at intersections to make sure there aren't any motorcycles speeding past. Just last week, I witnessed someone walking beside me nearly getting hit. Keep in mind this is happening in Beijing even with many auxiliary police maintaining order. This is true for most Chinese cities. On one hand, no car dares to run red lights because the penalty is too high, while the cost of breaking laws on motorcycles is obviously lower. On the other hand, everyone is really busy, rushing from morning to night, hoping to get to work earlier, finish tasks sooner, and get home earlier. Our country is not yet developed enough. Our benefits aren't as good as in the West, we have fewer holidays, and the pace of life is very fast, especially in big cities. These issues will probably take a long time to resolve and require great wisdom from those in management positions.
  • #11,811
  • Oct 29, 2024 9:34am Oct 29, 2024 9:34am
You mentioned visiting Xian and paying a visit to the tomb of the emperor and his terracotta warriors. Actually, now might be a good time to go - Xian's daytime temperatures are above 10 degrees Celsius, which isn't too cold. You might just need to wear a jacket or coat. Strangely though, I thought Westerners weren't afraid of cold - when we were abroad, we would be wearing sweaters while white people were in shorts, haha!
The reason I say now is a good time is because it's not summer vacation or peak season. You really can't imagine how crowded it gets there during summer vacation - experience once, it'll be a nightmare to remember.

Looking forward to seeing your photos if you got the chance. I've been to all the province around Guangxi, but haven't visited Guangxi yet.
  • #11,812
  • Oct 29, 2024 10:41am Oct 29, 2024 10:41am
Quoting sni
Haha, it seems you don't like taking risks - I wonder if this matches your personality when trading forex. I quite enjoy riding cable cars and walking on glass-bottom walkways. My daughter is 3 years old this year, and she's already walked on many high-altitude walkways with me. She really enjoys it too. Regarding motorcyclists not following traffic rules, this has probably become a serious social problem. Every morning when I walk to work, I have to repeatedly check behind cars stopped at intersections to make sure there aren't any motorcycles...
Yes the people work hard but they seem very happy with their lives. Taxi fares are very cheap and it's due to electric powered cars. Train fares are cheap too and hotel rates are about 30% the rate you have to pay in the UK. I paid a bomb recently when I was in Edinburgh for average accomodation compared to what I can get here and stay 3 times longer than I can in Edinburgh
the cautious seldom err....C
  • #11,813
  • Oct 29, 2024 10:53am Oct 29, 2024 10:53am
I have just taken a long with GU and this probably a play around the budget
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241029-235103.png Size: 88 KB
the cautious seldom err....C
  • #11,814
  • Oct 29, 2024 11:16am Oct 29, 2024 11:16am
Taking partial now and stop tightened to -15.Target is just under 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241030-000837.png Size: 91 KB
the cautious seldom err....C
  • #11,815
  • Oct 29, 2024 8:51pm Oct 29, 2024 8:51pm
Quoting pips29
{quote} Yes the people work hard but they seem very happy with their lives. Taxi fares are very cheap and it's due to electric powered cars. Train fares are cheap too and hotel rates are about 30% the rate you have to pay in the UK. I paid a bomb recently when I was in Edinburgh for average accomodation compared to what I can get here and stay 3 times longer than I can in Edinburgh
Yeah, life's getting better and everyone's pretty happy with their lives. For me, just getting one good meal a day makes me super happy, though I've been pretty hungry lately 'cause my triglycerides are a bit high. I dropped more than 8kg and gotta keep it steady for a while.
  • #11,816
  • Oct 31, 2024 8:01am Oct 31, 2024 8:01am
yesterday was a non trading day for me as I couldn't access the platform. I went over to HK and booked a tour to Taipei, Taiwan. I will be there for 5 days, in fact I shall be leaving this coming Sunday. I won't be returning to Shenzhen after Taiwan but will stay in HK for 4 days before departing for the UK. I see nobody is around here, guess you are silently reaping in the pips
the cautious seldom err....C
  • #11,817
  • Oct 31, 2024 8:53am Oct 31, 2024 8:53am
XAUUSD,XAGUSD, NZDUSD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD M15 10.31.jpg Size: 445 KB
Click to Enlarge Name: XAGUSD M15 10.31.jpg Size: 411 KB
Click to Enlarge Name: NZDUSD M15 10.31.jpg Size: 408 KB
  • #11,818
  • Oct 31, 2024 8:57am Oct 31, 2024 8:57am
The connection is troublesome and I can only post slowly . Partial taken
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241031-215228.png Size: 90 KB
the cautious seldom err....C
  • #11,819
  • Oct 31, 2024 10:25am Oct 31, 2024 10:25am
Just taken
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241031-232124.png Size: 90 KB
the cautious seldom err....C
  • #11,820
  • Oct 31, 2024 10:36am Oct 31, 2024 10:36am
Taken 50% out and locking in the balance at +3. It's target or stop from here
Calling it a day and night and going to zzzz
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241031-233224.png Size: 91 KB
the cautious seldom err....C
5 traders viewing now