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A very simple system - trade with arrow

  • #401
  • Jun 16, 2016 10:20am Jun 16, 2016 10:20am
It is mentioned often enough that the pound will fall with brexit. Do you think the euro will fare any better with brexit. I don't think so. What are we left with in terms of trading? Buy gold? Long dollar? Long yen? What'd you think?
the cautious seldom err....C
  • #402
  • Jun 16, 2016 11:43am Jun 16, 2016 11:43am
Quoting pips29
It is mentioned often enough that the pound will fall with brexit. Do you think the euro will fare any better with brexit. I don't think so. What are we left with in terms of trading? Buy gold? Long dollar? Long yen? What'd you think?
Yes I think Gold and the dollar will go up when a Brexit occurs. GBP and EUR will go down is my expectation.
Uncertainty in the Eurozone will grow. But a Brexit will have an impact on the whole world economy.
  • #403
  • Jun 16, 2016 11:45am Jun 16, 2016 11:45am
Congratz with the win of England... it was a tough match but they made it
Also congratz with your winning trades
  • #404
  • Jun 16, 2016 1:56pm Jun 16, 2016 1:56pm
UCad trades today:
On Wednesday close, the Daily had a 3-tap trendline and close above the PAC and the TDI 50 (but not the 34ema).
In the hour before LO, the 30m had a 3-tap trendline and close above the PAC, 34ema and TDI 50 line.
+177
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 59 KB
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 52 KB
Thanks for your help, warmth and straight talking Heather.
  • #405
  • Jun 16, 2016 2:35pm Jun 16, 2016 2:35pm
ECad trade today:
On Wednesday close, Daily had a 3-tap trendline and a close above the PAC and the TDI 50 line (but not above the 34ema.)
On the 30m chart, there was a 3-tap trendline (arrowed)
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30 zoomed in.png Size: 54 KB
and close above the PAC and 34ema over 4 hours before LO. I entered in the hour before LO. Price went to +46 but I eventually came out at -47.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 50 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30.png Size: 62 KB

Edit: charts uploaded in the order they are referred to in the text but don't appear in that order.
Thanks for your help, warmth and straight talking Heather.
  • #406
  • Edited 3:06pm Jun 16, 2016 2:51pm | Edited 3:06pm
The trades in the 2 posts above are my first attempts at trading on the 30m guided by the set-up on the Daily. In hindsight, I didn't take enough notice of what lay to the left on the ECad Daily chart. Also, the set-up on the Daily wasn't that strong - a good close above the 34ema would have been better.
Edit: getting an ECad entry closer to the set-up on the 30m chart would have been better too.
Thanks for your help, warmth and straight talking Heather.
  • #407
  • Jun 16, 2016 2:56pm Jun 16, 2016 2:56pm
Quoting Kanderpro
UCad trades today: On Wednesday close, the Daily had a 3-tap trendline and close above the PAC and the TDI 50 (but not the 34ema). In the hour before LO, the 30m had a 3-tap trendline and close above the PAC, 34ema and TDI 50 line. +177 {image}{image}
well timed and good read of p.a and the right approach with the 34EMA
the cautious seldom err....C
  • #408
  • Jun 16, 2016 2:58pm Jun 16, 2016 2:58pm
[quote=Kanderpro;8984289]ECad trade today: On Wednesday close, Daily had a 3-tap trendline and a close above the PAC and the TDI 50 line (but not above the 34ema.) On the 30m chart, there was a 3-tap trendline (arrowed) {image}and close above the PAC and 34ema over 4 hours before LO. I entered in the hour before LO. Price went to +46 but I eventually came out at -47. {image}{image} Edit: charts uploaded in the order they are referred to in the text but don't appear in that order.

why did you not move stop to b.e I wish to point out you lost 90 pips and not 47
the cautious seldom err....C
  • #409
  • Jun 16, 2016 3:03pm Jun 16, 2016 3:03pm
[quote=pips29;8984317]
Quoting Kanderpro
ECad trade today: On Wednesday close, Daily had a 3-tap trendline and a close above the PAC and the TDI 50 line (but not above the 34ema.) On the 30m chart, there was a 3-tap trendline (arrowed) {image}and close above the PAC and 34ema over 4 hours before LO. I entered in the hour before LO. Price went to +46 but I eventually came out at -47. {image}{image} Edit: charts uploaded in the order they are referred to in the text but don't appear in that order. why did you not move stop to b.e
I was expecting a successful trade and was swayed by the initial success, and that of my UCad trade and a GCad I had going as well. Won't do that again.....
Thanks for your help, warmth and straight talking Heather.
  • #410
  • Jun 16, 2016 3:12pm Jun 16, 2016 3:12pm
[quote=Kanderpro;8984326]
Quoting pips29
{quote} I was expecting a successful trade and was swayed by the initial success, and that of my UCad trade and a GCad I had going as well. Won't do that again.....
you are only human
the cautious seldom err....C
  • #411
  • Jun 16, 2016 4:02pm Jun 16, 2016 4:02pm
Quoting pips29
[quote why did you not move stop to b.e I wish to point out you lost 90 pips and not 47
I also set out thinking I may be holding this trade for more than a day or two. I was married to the idea that this htf set-up would produce a good result, so I allowed an htf amount of "room to breathe." (Realjumper: "don't get married to an idea.")
Thanks for your help, warmth and straight talking Heather.
  • #412
  • Jun 16, 2016 4:49pm Jun 16, 2016 4:49pm
Quoting Kanderpro
{quote} I also set out thinking I may be holding this trade for more than a day or two. I was married to the idea that this htf set-up would produce a good result, so I allowed an htf amount of "room to breathe." (Realjumper: "don't get married to an idea.&quot
there is nothing wrong following a plan or getting married to an idea once you locked in the trade at b.e. and a "free trade " you can then relax and let the trade do the work. Stress free
the cautious seldom err....C
  • #413
  • Jun 17, 2016 3:39am Jun 17, 2016 3:39am
shorting the EJ
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 54 KB
Do it like a Fool
  • #414
  • Jun 17, 2016 4:05am Jun 17, 2016 4:05am
gone long the geppy and g/cad
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCAD m15 (06-17-2016 1004).png Size: 63 KB
Click to Enlarge Name: GBPJPY m15 (06-17-2016 1004).png Size: 56 KB
the cautious seldom err....C
  • #415
  • Jun 17, 2016 4:27am Jun 17, 2016 4:27am
Im short on CAD/JPY i nou that the pair is down the bottom but i think i can grab some pips
Attached Image (click to enlarge)
Click to Enlarge Name: cad.png Size: 39 KB
  • #416
  • Jun 17, 2016 4:42am Jun 17, 2016 4:42am
Good luck with the trades guys. I've already been stung by GJ and back to b/e with GA. Lots of pairs looking rangy very close to the 34ema and, in some, the 200ema (which is close enough to the H4 34ema.) I need some angles to have the confidence to get in again.
Thanks for your help, warmth and straight talking Heather.
  • #417
  • Jun 17, 2016 4:48am Jun 17, 2016 4:48am
GA Daily had an untidy pcrf (Phx62's pullback candle reversal formation) with potential hidden divergence and I thought I had a signal but it's not happening yet, if indeed it ever will.
Thanks for your help, warmth and straight talking Heather.
  • #418
  • Jun 17, 2016 4:54am Jun 17, 2016 4:54am
Quoting Kanderpro
GA Daily had an untidy pcrf (Phx62's pullback candle reversal formation) with potential hidden divergence and I thought I had a signal but it's not happening yet, if indeed it ever will.
On my chart it looks like a morning star pattern and it happened at fib 61.8..I shall be keeping an eye on this
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD D1 (06-17-2016 1052).png Size: 66 KB
the cautious seldom err....C
  • #419
  • Jun 17, 2016 5:03am Jun 17, 2016 5:03am
ranging fryday
Do it like a Fool
  • #420
  • Jun 17, 2016 5:03am Jun 17, 2016 5:03am
My trades are looking pale at the moment..hope I have placed my stops properly, hidden away . Hate to take a loss on fryday as it means I have to wait 2 days to get my revenge
the cautious seldom err....C
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