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A very simple system - trade with arrow

  • #101
  • Jun 2, 2016 8:59am Jun 2, 2016 8:59am
H4 e/a broke TL and now back to test it
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H4 (06-02-2016 2158).png Size: 58 KB
the cautious seldom err....C
  • #102
  • Jun 2, 2016 9:01am Jun 2, 2016 9:01am
H4 rejection at 34 ema
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD H4 (06-02-2016 2200).png Size: 57 KB
the cautious seldom err....C
  • #103
  • Jun 2, 2016 9:06am Jun 2, 2016 9:06am
quite complicated trade for this.
D1>> bouncing off 34 ema and 200 ema
H4>> bouncing off the 10 ema and 200 ema
H1>> show trending up and divergence
15M>> divergence shows

is this cout as a 2b pattern pips?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 77 KB
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  • #104
  • Jun 2, 2016 9:08am Jun 2, 2016 9:08am
Quoting pips29
H4 rejection at 34 ema {image}
price move too far..
edit* i have no guts to enter with more than 100 SL
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  • #105
  • Jun 2, 2016 9:13am Jun 2, 2016 9:13am
Quoting Foolsgame
quite complicated trade for this. H4>> boucing off the 10 ema and 200 ema H1>. show trending up and divergence 15M>> divergence shows is this cout as a 2b pattern pips? {image}
what candles you got there..I need candlesticks to read and not ha or apb candles
the cautious seldom err....C
  • #106
  • Jun 2, 2016 9:14am Jun 2, 2016 9:14am
Quoting pips29
{quote} what candles you got there..I need candlesticks to read and not ha or apb candles
candlestick with HA colour and the highlight part is H1 candle
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  • #107
  • Jun 2, 2016 9:15am Jun 2, 2016 9:15am
Quoting Foolsgame
{quote} price move too far.. edit* i have no guts to enter with more than 100 SL
Don;t enter now .I am just showing that entry can be taken when price starts to bounce off the 34 after a touch..To take now is too late
the cautious seldom err....C
  • #108
  • Jun 2, 2016 9:22am Jun 2, 2016 9:22am
Quoting pips29
{quote} Don;t enter now .I am just showing that entry can be taken when price starts to bounce off the 34 after a touch..To take now is too late
thats why i got my NU instead..
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  • #109
  • Jun 2, 2016 9:26am Jun 2, 2016 9:26am
oh I see it ..it's the kiwi I seldom use this 2b reversal as I prefer the 1-2-3..anyway ,the idea is to buy the breakout candle perhaps a few pips above the high in this case. The breakout candle landed at a demand zone and a trade of this kind is feasible
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD m15 (06-02-2016 2222).png Size: 64 KB
the cautious seldom err....C
  • #110
  • Jun 2, 2016 9:31am Jun 2, 2016 9:31am
Quoting Foolsgame
{quote} thats why i got my NU instead..
price is trading above the 34 ema on the daily but the only problem is the 10 ema hasn't caught up with the 34 and so price can be rangy
the cautious seldom err....C
  • #111
  • Jun 2, 2016 9:37am Jun 2, 2016 9:37am
Quoting Foolsgame
{quote} candlestick with HA colour and the highlight part is H1 candle
with ha candles it's difficult to see the o,h,l,c..You might think about changing it to apb candles where you can put the bar candles behind..yeah, I can see you bar 4 15 min. candles to show you the hourly candle
the cautious seldom err....C
  • #112
  • Jun 2, 2016 9:45am Jun 2, 2016 9:45am
Quoting pips29
{quote} with ha candles it's difficult to see the o,h,l,c..You might think about changing it to apb candles where you can put the bar candles behind..yeah, I can see you bar 4 15 min. candles to show you the hourly candle
it just the colour of HA, the candle is a normal candle.it called OHLC-HA it is more comfortable for me to see the candlestick formation. gonna close my computer. see you tomorrow brother.AU might give a good short now but i am off to bed soon. green pips for you and others.
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  • #113
  • Jun 2, 2016 9:49am Jun 2, 2016 9:49am
Quoting pips29
{quote} price is trading above the 34 ema on the daily but the only problem is the 10 ema hasn't caught up with the 34 and so price can be rangy
Hello pips29 and Foolsgame,
I haven't traded the 10 and 34emas before. Can you clear something up for me please? I'm confused by your statement above pips29. It seems to imply that once the 10ema has caught up with the 34ema then price is less likely to be rangy.
K
Thanks for your help, warmth and straight talking Heather.
  • #114
  • Jun 2, 2016 11:59am Jun 2, 2016 11:59am
Quoting Kanderpro
{quote} Hello pips29 and Foolsgame, I haven't traded the 10 and 34emas before. Can you clear something up for me please? I'm confused by your statement above pips29. It seems to imply that once the 10ema has caught up with the 34ema then price is less likely to be rangy. K
I think I better answer your query before I tuck in or you might have to wait hours for my answer..The 10 ema must be above the 34 for me to trade up all the time. When this does not happen price has not confirmed to me that a sustained uptrend is in the making..Are you adept with the TDi .Take a look at the chart below and you will see what I mean..Once you get it, you will never forget..Even if you are not sure what I mean ,just do it and then the picture gets clearer and it becomes second nature to you..I am talking about putting the probability in my favour
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD D1 (06-03-2016 0058).png Size: 72 KB
the cautious seldom err....C
  • #115
  • Edited 2:45pm Jun 2, 2016 12:38pm | Edited 2:45pm
Quoting pips29
{quote} I think I better answer your query before I tuck in or you might have to wait hours for my answer..The 10 ema must be above the 34 for me to trade up all the time. When this does not happen price has not confirmed to me that a sustained uptrend is in the making..Are you adept with the TDi .Take a look at the chart below and you will see what I mean..Once you get it, you will never forget..Even if you are not sure what I mean ,just do it and then the picture gets clearer and it becomes second nature to you..I am talking about putting the...
Thanks pips29.
I've been aware for most of my trading life that, for the majority of an up trend, the green on the TDI is above the 50, and vice versa for a down trend. Your chart shows the strong correlation between the 10ema being above the 34ema, and the green being above the 50 on the TDI, and vice versa. A 34ema is an odd number. (I don't know if it's a fib number.) Was 34 chosen because of this correlation, and to provide on the main chart, a representation of a trend as seen on the TDI?
I'm assuming that divergences, reversals with significant pa, and perhaps some hidden divergences are the only potential trades that fall outside the 10 and 34ema rule.
Thanks for your help, warmth and straight talking Heather.
  • #116
  • Jun 2, 2016 11:10pm Jun 2, 2016 11:10pm
a trade in the morning..After looking at timeframes from the daily down, I ended taking a short(H1)
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD H1 (06-03-2016 1206).png Size: 55 KB
the cautious seldom err....C
  • #117
  • Jun 2, 2016 11:22pm Jun 2, 2016 11:22pm
I took short off the daily chart.I reckon price will move down to put in a 3rd touch of the TL drawn and it's where 1/2 of my position will be taken off with the remainder at b/e and target further down at 1.106..Is this possible? only time will tell, any ideas?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 (06-03-2016 1220).png Size: 68 KB
the cautious seldom err....C
  • #118
  • Jun 2, 2016 11:36pm Jun 2, 2016 11:36pm
Quoting Kanderpro
{quote} Thanks pips29. I've been aware for most of my trading life that, for the majority of an up trend, the green on the TDI is above the 50, and vice versa for a down trend. Your chart shows the strong correlation between the 10ema being above the 34ema, and the green being above the 50 on the TDI, and vice versa. A 34ema is an odd number. (I don't know if it's a fib number.) Was 34 chosen because of this correlation, and to provide on the main chart, a representation of a trend as seen on the TDI? I'm assuming that divergences, reversals with...
I started my trading career using the 10,30 and 200 ema and over the years I also used the 50 and 100 ema. Yes the 34 is a fib no and I started sticking with it since a few years back instead of the 50 ema. It has advantages and disadvantages over the 50 ema but the advantages outweigh the other imo. I don't know enough to talk about divergence in trading but I do recognise when I see one..Tbh with you, the cci is more important and useful to me than the TDi
the cautious seldom err....C
  • #119
  • Jun 3, 2016 1:06am Jun 3, 2016 1:06am
Quoting pips29
I took short off the daily chart.I reckon price will move down to put in a 3rd touch of the TL drawn and it's where 1/2 of my position will be taken off with the remainder at b/e and target further down at 1.106..Is this possible? only time will tell, any ideas? {image}
i got in the same trade, trgiier by H1 candle this morning. but H4 also show some TL there. it's Fryday, i wont surpirse if price move big and even if price don move
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 35 KB
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  • #120
  • Jun 3, 2016 2:34am Jun 3, 2016 2:34am
Quoting pips29
{quote} I started my trading career using the 10,30 and 200 ema and over the years I also used the 50 and 100 ema. Yes the 34 is a fib no and I started sticking with it since a few years back instead of the 50 ema. It has advantages and disadvantages over the 50 ema but the advantages outweigh the other imo. I don't know enough to talk about divergence in trading but I do recognise when I see one..Tbh with you, the cci is more important and useful to me than the TDi
Thanks pips29.
Thanks for your help, warmth and straight talking Heather.
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