A very simple system - trade with arrow | Page 67 | Forex Factory

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A very simple system - trade with arrow

  • #1,321
  • Jan 9, 2017 7:36am Jan 9, 2017 7:36am
Quoting Lookleft
Another quick 20 pips. Price under all the 34ema and closed below the 10ema. Screenshot1.png;2131686 @Yotam This might be what you are looking for Yesterday High & Low.ex4;2131693 {image} {file}
Hey! you milking pips like nobody's business Anyway I took profit ahead of target and have actually made my daily pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 52 KB
the cautious seldom err....C
  • #1,322
  • Jan 9, 2017 8:20am Jan 9, 2017 8:20am
I encourage you guys who are new to trade with the trend..CT trades are not easy and require a certain amount of skill...once you master trend trading you can then experiment with CT trades..There are easy pips to be made with following the trend
the cautious seldom err....C
  • #1,323
  • Jan 9, 2017 8:31am Jan 9, 2017 8:31am
Quoting pips29
I encourage you guys who are new to trade with the trend..CT trades are not easy and require a certain amount of skill...once you master trend trading you can then experiment with CT trades..There are easy pips to be made with following the trend
Hi pips29, I am new here, may I know what is CT trades?
  • #1,324
  • Jan 9, 2017 9:31am Jan 9, 2017 9:31am
Quoting shawn123
{quote} Hi pips29, I am new here, may I know what is CT trades?
COUNTER TREND = CT
  • #1,325
  • Jan 9, 2017 9:32am Jan 9, 2017 9:32am
Quoting shawn123
{quote} Hi pips29, I am new here, may I know what is CT trades?
Not Pips but CT is Counter Trend trades. It's far easier to go with the flow instead of trying to swim upstream.
GBPUSD on M15 is a good example today. If you had followed the trend confirmed at Asian Open and sold you would be laughing all the way to the bank. If you had bought you would probably have lost your shirt.
Look for the highest probability trades that you actually see on the chart. Not the trades that you hope to see.
Follow the basics and you'll be fine.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #1,326
  • Jan 9, 2017 9:34am Jan 9, 2017 9:34am
Quoting Lookleft
{quote} Not Pips but CT is Counter Trend trades. It's far easier to go with the flow instead of trying to swim upstream. GBPUSD on M15 is a good example today. If you had followed the trend confirmed at Asian Open and sold you would be laughing all the way to the bank. If you had bought you would probably have lost your shirt. Look for the highest probability trades that you actually see on the chart. Not the trades that you hope to see. Follow the basics and you'll be fine.
 
Good and clear explanation. Thanks
  • #1,327
  • Jan 9, 2017 9:51am Jan 9, 2017 9:51am
I closed this early as I have to be away for 30 mins or so..bbl
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 61 KB
the cautious seldom err....C
  • #1,328
  • Jan 9, 2017 11:08am Jan 9, 2017 11:08am
I guess most of you will have noticed this but if you haven't then take note .The day 34 ema is a very close proximate of the 200 ema on the 4 hour tf. I pay attention to the 200 ema on both the 4 hour and daily tf, so it's on my chart on these tfs only
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 61 KB
the cautious seldom err....C
  • #1,329
  • Jan 9, 2017 11:14am Jan 9, 2017 11:14am
this is the 4 hour chart of the aussie. Price has broken the 200 ema and I will wait for today's close to see if it can close above it to trade long towards the 200 ema on the daily...will know in 5 hours time
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 61 KB
the cautious seldom err....C
  • #1,330
  • Jan 9, 2017 11:28am Jan 9, 2017 11:28am
Quoting japfx
{quote} COUNTER TREND = CT
yes,that's correct
the cautious seldom err....C
  • #1,331
  • Jan 9, 2017 11:36am Jan 9, 2017 11:36am
for those interested in the sessions indicator ,(the orange and gold vertical lines on my chart showing LO and NYO) Here it is:
Attached File(s)
File Type: ex4 JF_TradingTimes.ex4   32 KB | 401 downloads
File Type: mq4 JF_TradingTimes.mq4   10 KB | 478 downloads
the cautious seldom err....C
  • #1,332
  • Edited 4:51am Jan 10, 2017 4:07am | Edited 4:51am
Good morning all
I'm Shorting N/U on the rejection of the 5 ema.. lets see how it goes

edit: stopped out at B.E
Attached Image (click to enlarge)
Click to Enlarge Name: NU.png Size: 79 KB
Trading is all about Flexible Thinking
  • #1,333
  • Edited 4:47am Jan 10, 2017 4:28am | Edited 4:47am
took the long at previous candle...might be in trouble with this entry...risking 30 for 60 pips..let's see EDit: stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 54 KB
the cautious seldom err....C
  • #1,334
  • Jan 10, 2017 9:02am Jan 10, 2017 9:02am
Taken after the bounce from D 34ema and break of H1 34ema waited to enter until previous weekly high had been broken. Target set for RN. Entry could have been earlier but there was a lot of local S/R out west.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #1,335
  • Jan 10, 2017 9:37am Jan 10, 2017 9:37am
Quoting Lookleft
Taken after the bounce from D 34ema and break of H1 34ema waited to enter until previous weekly high had been broken. Target set for RN. Entry could have been earlier but there was a lot of local S/R out west. Screenshot1.png;2133640 {image}
nicely executed...I have the same entry as you but still in it..hope to get out higher up as mentioned in yesterday's post
the cautious seldom err....C
  • #1,336
  • Jan 10, 2017 10:10am Jan 10, 2017 10:10am
[Цитат = Lookleft; 9422719] Взети след отскока от D 34ema и прекъсване на H1 34ema изчака да влезе, докато предишната седмична висок е бил счупен. Целта, определена за RN. Влизане можеше да е по-рано, но имаше много на местната S / R на запад. Screenshot1.png; 2133640 {изображение} [/ цитат]
Dear Lookleft. in your chart what indicator you use a table in the upper right corner?
  • #1,337
  • Jan 10, 2017 10:42am Jan 10, 2017 10:42am
taken one entry out and leaving the other at b/e+
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 61 KB
the cautious seldom err....C
  • #1,338
  • Jan 10, 2017 10:45am Jan 10, 2017 10:45am
Quoting jonie
[Цитат = Lookleft; 9422719] Взети след отскока от D 34ema и прекъсване на H1 34ema изчака да влезе, докато предишната седмична...
Here you go. You need to configure it to get it to look like mine. Let me know if you have any problems.
Attached File(s)
File Type: ex4 MTF DashBoard v3.ex4   76 KB | 337 downloads
Never argue with a fool; onlookers may not be able to tell the difference.
  • #1,339
  • Jan 11, 2017 2:04am Jan 11, 2017 2:04am
Just a heads up. Donald Trump is holding a press conference today so expect the NY session to be a bit twitchy.
Trade with care
Never argue with a fool; onlookers may not be able to tell the difference.
  • #1,340
  • Jan 11, 2017 5:21am Jan 11, 2017 5:21am
took this trade out as I have to leave the house shortly..I will come back to trade the US session,,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 54 KB
the cautious seldom err....C
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