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A very simple system - trade with arrow

  • #1,001
  • Oct 25, 2016 8:34am Oct 25, 2016 8:34am
My scalps are adding up ....another +12 ...trade taken on the 15 min
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Click to Enlarge Name: AUDUSDM15.png Size: 55 KB
the cautious seldom err....C
  • #1,002
  • Oct 25, 2016 9:23am Oct 25, 2016 9:23am
trade did not work out, stopped out with 1 pip...closing shop now ..bye
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Click to Enlarge Name: GBPUSDM15.png Size: 48 KB
the cautious seldom err....C
  • #1,003
  • Oct 25, 2016 7:57pm Oct 25, 2016 7:57pm
Quoting pips29
trade did not work out, stopped out with 1 pip...closing shop now ..bye {image}
Hi pips29,

Thank you for the reply. Often I get confused when to stay in the trade for longer time and tolerate the retrace (e.g., the EU sell yesterday), and when to close it and cut loss short (e.g., the most recent GU sell closed at +1 pip).

I actually would have been stopped out the GU sell trade at the pin bar high, instead of +1 pips, had I taken the same trade.

Would you discuss a bit more about this trade?

Thank you very much!
  • #1,004
  • Oct 26, 2016 2:09am Oct 26, 2016 2:09am
Quoting antonym
{quote} Hi pips29, Thank you for the reply. Often I get confused when to stay in the trade for longer time and tolerate the retrace (e.g., the EU sell yesterday), and when to close it and cut loss short (e.g., the most recent GU sell closed at +1 pip). I actually would have been stopped out the GU sell trade at the pin bar high, instead of +1 pips, had I taken the same trade. Would you discuss a bit more about this trade? Thank you very much!
First, we look at pa...The retracement was strong as the candles were making hh and hl until the red candle was rejected at the 34 ema on the 15 min tf and formed a pinbar. I took a sell after But even the pinbar that was formed was not convincing as price still made hh and hl...I have reservation about supply zone on the 15 min as normally I plot such zones on the 4 hour or daily as these prove very much more reliable...the entry was also not in my favour when taken as it was a sell where price was above the 10 ema and not below. I therefore have doubts and moved to b/e when price was +10...I wish to point out if you are trading with the 10 ema ,the way to enter a trade is to trade away from the 10ema and Not towards it..I do trade towards the 10 ema on the higher tf using a lower tf and it is ct trading. Don't try this if you are not too experienced..hope I have shed some light
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 49 KB
the cautious seldom err....C
  • #1,005
  • Oct 26, 2016 3:15am Oct 26, 2016 3:15am
my only trade of the morning so far...long g/y...very slow market so far
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the cautious seldom err....C
  • #1,006
  • Oct 26, 2016 3:35am Oct 26, 2016 3:35am
UCAD in the game
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Click to Enlarge Name: USDCADM15.png Size: 65 KB
Do it like a Fool
  • #1,007
  • Oct 26, 2016 3:55am Oct 26, 2016 3:55am
Quoting Foolsgame
UCAD in the game {image}
Good to see you. Have to leave now and so will leave my trade locked in at b/e with 50 pips target...will be back several hours later
the cautious seldom err....C
  • #1,008
  • Oct 26, 2016 4:53am Oct 26, 2016 4:53am
Quoting pips29
{quote} Good to see you. Have to leave now and so will leave my trade locked in at b/e with 50 pips target...will be back several hours later
nice brother. i will never left trading
Do it like a Fool
  • #1,009
  • Oct 26, 2016 6:05am Oct 26, 2016 6:05am
Quoting pips29
{quote} First, we look at pa...The retracement was strong as the candles were making hh and hl until the red candle was rejected at the 34 ema on the 15 min tf and formed a pinbar. I took a sell after But even the pinbar that was formed was not convincing as price still made hh and hl...I have reservation about supply zone on the 15 min as normally I plot such zones on the 4 hour or daily as these prove very much more reliable...the entry was also not in my favour when taken as it was a sell where price was above the 10 ema and not below. I therefore...
Thank you for the reply. I understand now that trading towards 10ema is more risky and thus more stringent trade management should be used.
  • #1,010
  • Oct 26, 2016 10:08am Oct 26, 2016 10:08am
just got back...target hit...only one trade today
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 53 KB
the cautious seldom err....C
  • #1,011
  • Oct 26, 2016 10:17am Oct 26, 2016 10:17am
Quoting antonym
{quote} Thank you for the reply. I understand now that trading towards 10ema is more risky and thus more stringent trade management should be used.
http://www.forexfactory.com/loveevery1 you can learn more about the 10 ema here
the cautious seldom err....C
  • #1,012
  • Oct 26, 2016 10:25am Oct 26, 2016 10:25am
Quoting Foolsgame
UCAD in the game {image}
I meant to say this earlier but I had to rush out...the blue shaded box is the 4 hour mother candle and you are in there
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 65 KB
the cautious seldom err....C
  • #1,013
  • Oct 27, 2016 2:11am Oct 27, 2016 2:11am
gone long e/u and e/y
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 78 KB
the cautious seldom err....C
  • #1,014
  • Oct 27, 2016 4:25am Oct 27, 2016 4:25am
taken profit on 1 on both e/y and e/u Edit:: looks like nobody interested in scalping the 5 /15 min chart
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDM5.png Size: 77 KB
the cautious seldom err....C
  • #1,015
  • Oct 27, 2016 5:39am Oct 27, 2016 5:39am
Quoting pips29
{quote} I meant to say this earlier but I had to rush out...the blue shaded box is the 4 hour mother candle and you are in there {image}
wasnt ware of that. but got out +ve luckily
Do it like a Fool
  • #1,016
  • Oct 27, 2016 5:41am Oct 27, 2016 5:41am
Quoting pips29
taken profit on 1 on both e/y and e/u Edit:: looks like nobody interested in scalping the 5 /15 min chart {image} {image}
mind to share how do you scalp the 5 minutes?
Do it like a Fool
  • #1,017
  • Oct 27, 2016 5:44am Oct 27, 2016 5:44am
Quoting Foolsgame
{quote} mind to share how do you scalp the 5 minutes?
These few days 5 min scalping somehow turned out to be hours..I will pm you since you are interested...btw I recommend taking a look at the 4 hour before entry...I've been saying this for so,so long
the cautious seldom err....C
  • #1,018
  • Oct 27, 2016 6:22am Oct 27, 2016 6:22am
cash out for +40 EDit: target of 50 pips already hit with e/y and e/u...looking for bonuses now
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 43 KB
the cautious seldom err....C
  • #1,019
  • Oct 27, 2016 6:32am Oct 27, 2016 6:32am
short taken on g/u
the cautious seldom err....C
  • #1,020
  • Oct 27, 2016 7:10am Oct 27, 2016 7:10am
Quoting pips29
short taken on g/u
thank you very much...got my bonus and checking out
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Click to Enlarge Name: GBPUSDM5.png Size: 59 KB
the cautious seldom err....C
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