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A very simple system - trade with arrow

  • #1,381
  • Jan 21, 2017 7:44am Jan 21, 2017 7:44am
What a match! 3 goals in 10 mins from the start of 2nd half Liverpool 1 Swansea 2...logging off now ....football time
the cautious seldom err....C
  • #1,382
  • Jan 23, 2017 4:44am Jan 23, 2017 4:44am
Quoting pips29
Looking at a "big" trade perhaps. I have already made two entries and will probably add more as it develops...I think some of you know I love trading the fibo 78.6 and I had just done that..There were the TL which I drew on the 4 hour plus the 34 ema on the daily which I hope will act as R...Divergence was also spotted on both the 1 and 4 hour tf...let's see {image}
came out good in the end . I decided to close all trades if I get a close above the H4 swing high and fortunately this did not happen though it was broken. I was still able to make some pips and had closed the earliest entry in the early hours of trading just today before going to bed...I must admit entries were not good but I kept my bearish bias and it worked out...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 58 KB
the cautious seldom err....C
  • #1,383
  • Jan 23, 2017 4:47am Jan 23, 2017 4:47am
I am in a long now on G/U on the 1 hour tf...let's see
the cautious seldom err....C
  • #1,384
  • Jan 23, 2017 4:56am Jan 23, 2017 4:56am
I was watching the aussie and kiwi last Friday and was really tempted to go long....here's the kiwi
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 62 KB
the cautious seldom err....C
  • #1,385
  • Jan 23, 2017 4:57am Jan 23, 2017 4:57am
Quoting pips29
I am in a long now on G/U on the 1 hour tf...let's see
Watch out for the H4 trend line
Thanks for your help, warmth and straight talking Heather.
  • #1,386
  • Jan 23, 2017 5:07am Jan 23, 2017 5:07am
Quoting Kanderpro
{quote} Watch out for the H4 trend line
Do you mean this K? I was looking at horizontal S/R when I took this trade tbh
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 74 KB
the cautious seldom err....C
  • #1,387
  • Jan 23, 2017 5:21am Jan 23, 2017 5:21am
will be watching this
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 62 KB
the cautious seldom err....C
  • #1,388
  • Jan 23, 2017 5:39am Jan 23, 2017 5:39am
Quoting pips29
{quote} Do you mean this K? I was looking at horizontal S/R when I took this trade tbh {image}
Yes, I was meaning that.
Thanks for your help, warmth and straight talking Heather.
  • #1,389
  • Jan 23, 2017 5:48am Jan 23, 2017 5:48am
Quoting Kanderpro
{quote} Yes, I was meaning that.
Thanks K for pointing out...my target is there too
the cautious seldom err....C
  • #1,390
  • Jan 23, 2017 6:18am Jan 23, 2017 6:18am
Quoting Kanderpro
{quote} Yes, I was meaning that.
Take a look at the daily and the weekly...I feel safer to go long than short...I know some traders are talking about the resistence but I don't share their view
the cautious seldom err....C
  • #1,391
  • Jan 23, 2017 7:28am Jan 23, 2017 7:28am
Quoting pips29
{quote} Take a look at the daily and the weekly...I feel safer to go long than short...I know some traders are talking about the resistence but I don't share their view
I remember Vantage saying something like 70% of the time, price follows the Daily. Other than that, the Daily has figured little in my thinking.
Thanks for your help, warmth and straight talking Heather.
  • #1,392
  • Jan 23, 2017 7:45am Jan 23, 2017 7:45am
Quoting Kanderpro
{quote} I remember Vantage saying something like 70% of the time, price follows the Daily. Other than that, the Daily has figured little in my thinking.
I started looking more at the daily from the beginning of the year..and leaning towards trading the 1 hour with the 5 ema/apb ...so far so good. I have a pending buy at the previous swing high and moving the target much higher,,,near the 78.6 fib retracement which I just put on the chart...let's see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 85 KB
the cautious seldom err....C
  • #1,393
  • Jan 23, 2017 8:00am Jan 23, 2017 8:00am
Quoting pips29
{quote} I started looking more at the daily from the beginning of the year..and leaning towards trading the 1 hour with the 5 ema/apb ...so far so good. I have a pending buy at the previous swing high and moving the target much higher,,,near the 78.6 fib retracement which I just put on the chart...let's see {image}
The 30 m is showing smaller bounces away from that trend line. Fingers crossed.
Thanks for your help, warmth and straight talking Heather.
  • #1,394
  • Jan 23, 2017 10:45am Jan 23, 2017 10:45am
Quoting pips29
{quote} I started looking more at the daily from the beginning of the year..and leaning towards trading the 1 hour with the 5 ema/apb ...so far so good. I have a pending buy at the previous swing high and moving the target much higher,,,near the 78.6 fib retracement which I just put on the chart...let's see {image}
locking in at b/e+5 and leaving the target open @1.2573....there were many times I closed trades too early...an example is /uy only today..going to log off to take a nap..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 59 KB
Click to Enlarge Name: USDJPYH1.png Size: 59 KB
the cautious seldom err....C
  • #1,395
  • Jan 23, 2017 12:42pm Jan 23, 2017 12:42pm
the recent high has not been breached but the low got a bit higher..keep in view
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 64 KB
the cautious seldom err....C
  • #1,396
  • Jan 23, 2017 5:13pm Jan 23, 2017 5:13pm
Quoting pips29
{quote} I started looking more at the daily from the beginning of the year..and leaning towards trading the 1 hour with the 5 ema/apb ...so far so good. I have a pending buy at the previous swing high and moving the target much higher,,,near the 78.6 fib retracement which I just put on the chart...let's see {image}
moving stop to b/e+50
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 80 KB
the cautious seldom err....C
  • #1,397
  • Jan 23, 2017 5:22pm Jan 23, 2017 5:22pm
Quoting pips29
the recent high has not been breached but the low got a bit higher..keep in view {image}
we now have a HH and HL on H1...same with the kiwi
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 64 KB
the cautious seldom err....C
  • #1,398
  • Jan 24, 2017 2:49am Jan 24, 2017 2:49am
Quoting pips29
{quote} moving stop to b/e+50 {image}
stopped out for +50....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 56 KB
the cautious seldom err....C
  • #1,399
  • Jan 24, 2017 3:01am Jan 24, 2017 3:01am
gone long the geppy...let's see EDit: here are some reasons for the trade ..price is above the 10 ema as shown on the dashboard on the top right and I entered just before the close of the previous candle when price was above the 34 ema on the daily...there are other reasons , far too many to talk about now
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 55 KB
the cautious seldom err....C
  • #1,400
  • Jan 24, 2017 3:07am Jan 24, 2017 3:07am
Quoting pips29
gone long the geppy...let's see {image}
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