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A very simple system - trade with arrow

  • #961
  • Sep 16, 2016 5:40am Sep 16, 2016 5:40am
Quoting pips29
Looking at the daily chart of oil, I see more downside. Looking at Ucad on the 4 hour I see upside {image} {image}
This is how this chart looks like after a few days...will it break??
Attached Image (click to enlarge)
Click to Enlarge Name: USOil D1 (09-16-2016 1138).png Size: 60 KB
the cautious seldom err....C
  • #962
  • Sep 17, 2016 6:33am Sep 17, 2016 6:33am
For traders using weekly fibo. pivots, do you see any reason to buy at S3. Traders who bought are now over 100 pips in dd. Why did they buy apart from price coming to the pivot.Rather strange to me when it is pointed out that one should look at pa when price is at a pivot.. moreover it is supposedly "advance trading" .Below are charts of g/u from 15 min to 4 hour...What did pa show..to buy? 101% NOT to buy...it was pretty obvious looking at the candles. The thick horizontal green line is S3
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 35 KB
Click to Enlarge Name: GBPUSDM30.png Size: 38 KB
Click to Enlarge Name: GBPUSDH1.png Size: 42 KB
Click to Enlarge Name: GBPUSDH4.png Size: 60 KB
the cautious seldom err....C
  • #963
  • Sep 17, 2016 6:54am Sep 17, 2016 6:54am
any reason to short at WR2 apart from R at recent high..S/R are not walls that cannot be broken...we must look at pa when price approaches these levels and reading pa mean you have to understand the behaviour of traders by looking at the candles that are formed, especially at the pivots.,moving averages or whatever you have on your chart..indicators are used as aids to help you and not as trigger for a trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM30.png Size: 54 KB
the cautious seldom err....C
  • #964
  • Sep 17, 2016 7:06am Sep 17, 2016 7:06am
On this 30 min chart, there are reasons to sell but not when price approached the pivot (guessing and gambling and hoping) but 2 candles later supported with pa
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30.png Size: 57 KB
the cautious seldom err....C
  • #965
  • Sep 20, 2016 8:54am Sep 20, 2016 8:54am
Quoting pips29
Looking at the daily chart of oil, I see more downside. Looking at Ucad on the 4 hour I see upside {image} {image}
The charts now...hope someone caught a few pips..I did
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USOil D1 (09-20-2016 1451).png Size: 58 KB
Click to Enlarge Name: USDCAD H4 (09-20-2016 1452).png Size: 53 KB
the cautious seldom err....C
  • #966
  • Sep 20, 2016 9:02am Sep 20, 2016 9:02am
Quoting pips29
{quote} The charts now...hope someone caught a few pips..I did {image} {image}
charts seem in line with news release.

any plans for news?

my plan (given no rate hike):
buy gold
buy WTI
buy CAD
  • #967
  • Sep 20, 2016 10:24am Sep 20, 2016 10:24am
Quoting openyoureyes
{quote} charts seem in line with news release. any plans for news? my plan (given no rate hike): buy gold buy WTI buy CAD
I have no plan going into news. I will trade after news is announced as I do not know how big boys will play..I am a "follower". The market leads
the cautious seldom err....C
  • #968
  • Sep 26, 2016 5:01am Sep 26, 2016 5:01am
Great, You have shared such a useful information about the trading system. really, it's look very simple and interesting system have you done, will be an EA of this system? Thanks.
  • #969
  • Oct 3, 2016 9:35am Oct 3, 2016 9:35am
hope you all are doing fine=) especially to bro pips29
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 68 KB
Do it like a Fool
  • #970
  • Oct 3, 2016 10:38am Oct 3, 2016 10:38am
Quoting Foolsgame
hope you all are doing fine=) especially to bro pips29 {image}
let's see if price can trade below brn 130
the cautious seldom err....C
  • #971
  • Oct 20, 2016 8:55am Oct 20, 2016 8:55am
scalping the 5 min chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 41 KB
Click to Enlarge Name: GBPUSDM5.png Size: 45 KB
Click to Enlarge Name: USOUSDM5.png Size: 52 KB
the cautious seldom err....C
  • #972
  • Oct 20, 2016 9:17am Oct 20, 2016 9:17am
came out too early on this one..in a/y short at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 50 KB
the cautious seldom err....C
  • #973
  • Oct 20, 2016 9:36am Oct 20, 2016 9:36am
the moment I took profit price drop At moment shorts on g/u and cad/y and long on e/a....win or lose will post
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM5.png Size: 54 KB
the cautious seldom err....C
  • #974
  • Oct 20, 2016 11:06am Oct 20, 2016 11:06am
took losses on these and e/a has hardly moved
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYM5.png Size: 48 KB
Click to Enlarge Name: GBPUSDM5.png Size: 50 KB
the cautious seldom err....C
  • #975
  • Oct 21, 2016 4:56am Oct 21, 2016 4:56am
scalping on the 5 min. Gone short
Attached Image (click to enlarge)
Click to Enlarge Name: ga.png Size: 77 KB
the cautious seldom err....C
  • #976
  • Oct 21, 2016 5:04am Oct 21, 2016 5:04am
gone long on the 15 min.
Attached Image (click to enlarge)
Click to Enlarge Name: oil15m.png Size: 70 KB
the cautious seldom err....C
  • #977
  • Oct 21, 2016 5:06am Oct 21, 2016 5:06am
e/u taken on the 15 min yesterday worked out...took it when price retraced back to the 10 ema
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 52 KB
the cautious seldom err....C
  • #978
  • Oct 21, 2016 5:57am Oct 21, 2016 5:57am
Quoting pips29
scalping on the 5 min. Gone short {image}
took profit on this trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 52 KB
the cautious seldom err....C
  • #979
  • Oct 21, 2016 6:02am Oct 21, 2016 6:02am
short taken earlier...let's see
Attached Image (click to enlarge)
Click to Enlarge Name: ny.png Size: 77 KB
the cautious seldom err....C
  • #980
  • Oct 21, 2016 7:30am Oct 21, 2016 7:30am
Quoting pips29
{quote} took profit on this trade {image}
Sir, would you discuss the reasoning behind this trade? When you are scalping the 5-min chart, what do you usually look at on the higher TF ?

I can see you enter after a rejection candle off the 10ema on 5-min chart. But that is almost all I can see.

Thank you.
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