A very simple system - trade with arrow | Page 72 | Forex Factory

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A very simple system - trade with arrow

  • #1,421
  • Jan 25, 2017 6:08am Jan 25, 2017 6:08am
im new to this thread do you trade strictly off daily chart pips29
  • #1,422
  • Jan 25, 2017 11:10am Jan 25, 2017 11:10am
Quoting pquirst
im new to this thread do you trade strictly off daily chart pips29
I was tied up with chores until now, hence the late reply...in response to your question the answer is no...Occasionally when I look for a "big" trade I will scrutinise the daily and weekly charts . I did that recently and found "big" trades with the u/y,g/u and the geppy. I just found one with e/g..Most of the time the 4 hour is normally enough for what is required for me to trade. Hope that answers that query..I reckon you currently trade some other method..care to tell?
the cautious seldom err....C
  • #1,423
  • Jan 25, 2017 11:17am Jan 25, 2017 11:17am
Quoting pips29
woke up late and missed "sterling action"....I have just entered this trade and will add more when required..I am thinking this might be the next big trade for me...100 pips emergency stop {image} {image}
just an update on my trade...looking good now....will move stop to b/e when price moves another 10-20 pips lower
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 57 KB
the cautious seldom err....C
  • #1,424
  • Jan 25, 2017 11:25am Jan 25, 2017 11:25am
Quoting pips29
{quote} just an update on my trade...looking good now....will move stop to b/e when price moves another 10-20 pips lower {image}
Nice one pips. I've been stalking that one but Boss Lady had me on shopping duty today. I'll be looking for a continuation tomorrow.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #1,425
  • Jan 25, 2017 11:30am Jan 25, 2017 11:30am
Quoting Lookleft
{quote} Nice one pips. I've been stalking that one but Boss Lady had me on shopping duty today. I'll be looking for a continuation tomorrow.
ha,ha, I was on duty too
the cautious seldom err....C
  • #1,426
  • Jan 25, 2017 12:10pm Jan 25, 2017 12:10pm
gone short..let's see
Attached Image (click to enlarge)
Click to Enlarge Name: WTIH7M15.png Size: 66 KB
the cautious seldom err....C
  • #1,427
  • Jan 25, 2017 12:18pm Jan 25, 2017 12:18pm
N/U day chart....let's see if we get confirmation of a TL or continuation of the trend...It requires 3 touches to confirm a TL and 2 points to draw one
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 69 KB
the cautious seldom err....C
  • #1,428
  • Jan 25, 2017 1:04pm Jan 25, 2017 1:04pm
both e/g and crude oil locked in at b/e+ ...stress free+won't lose..bbl
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WTIH7M15.png Size: 65 KB
Click to Enlarge Name: EURGBPH1.png Size: 57 KB
the cautious seldom err....C
  • #1,429
  • Jan 25, 2017 4:51pm Jan 25, 2017 4:51pm
my trade on crude oil came to an end and was kicked out for +30 as I moved my stop lower..The S/r drawn by me near yesterday low proved me right though I wish it hadn't
Attached Image (click to enlarge)
Click to Enlarge Name: WTIH7M15.png Size: 64 KB
the cautious seldom err....C
  • #1,430
  • Jan 25, 2017 5:01pm Jan 25, 2017 5:01pm
Quoting pips29
N/U day chart....let's see if we get confirmation of a TL or continuation of the trend...It requires 3 touches to confirm a TL and 2 points to draw one {image}
candle closed the day right at the TL but it's broken now...I need a few hours more to see if it's continuation or rejection ..The next 4 hour candle close should shed some light but I would be asleep at 2 am UK..hope some of you might be able to catch this trade...I will have to wait till the next morning probably just before the 4 hour close at 10 am to enter if I see an opportunity..if not I'll let it pass..there's always some other trade as the day goes by
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 71 KB
the cautious seldom err....C
  • #1,431
  • Jan 25, 2017 5:51pm Jan 25, 2017 5:51pm
I will almost certainly go long at the battle zone which was won by the bulls previously...H4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 62 KB
the cautious seldom err....C
  • #1,432
  • Jan 26, 2017 3:45am Jan 26, 2017 3:45am
by the time I finish posting I might be triggered in...as far as of now I believe the TL stays and a rejection happened...let's see ..p/o set 3 pips below h1 34 ema EDit: triggered
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 61 KB
the cautious seldom err....C
  • #1,433
  • Jan 26, 2017 4:23am Jan 26, 2017 4:23am
Quoting pips29
{quote} just an update on my trade...looking good now....will move stop to b/e when price moves another 10-20 pips lower {image}
just taken profit with this trade..was more than 60 pips up just about an hour ago...will re-enter near H1 34 ema if price makes it there or trade the break of recent low...undecided for now EDit: please take note that 10 and 34 ema are on the chart but in a different way...at the time of posting price has crossed the 10 ema and more often than not price will retrace and test the 34
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 54 KB
the cautious seldom err....C
  • #1,434
  • Jan 26, 2017 4:41am Jan 26, 2017 4:41am
Quoting pips29
by the time I finish posting I might be triggered in...as far as of now I believe the TL stays and a rejection happened...let's see ..p/o set 3 pips below h1 34 ema EDit: triggered {image}
Here are other reasons for this trade...below is the daily chart, for clarity I removed the TL...price reached the weekly fibo R100 but the more important factor for my short is the fib 78.6 that I lay on the chart...I did numerous trades with this level I must say almost 95% are successful when combined with pa and what not...let's sit and watch
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 65 KB
the cautious seldom err....C
  • #1,435
  • Jan 26, 2017 6:21am Jan 26, 2017 6:21am
Quoting pips29
{quote} Here are other reasons for this trade...below is the daily chart, for clarity I removed the TL...price reached the weekly fibo R100 but the more important factor for my short is the fib 78.6 that I lay on the chart...I did numerous trades with this level I must say almost 95% are successful when combined with pa and what not...let's sit and watch {image}
locking in this trade at b/e+..fyi I am waiting for the hourly candle to close to decide with e/g..please look at g/u and e/u if you want to trade this pair, and on the g/u chart which I am posting too, I am looking at price reaction when it reaches the blue area..let's see
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 58 KB
Click to Enlarge Name: GBPUSDH1.png Size: 56 KB
the cautious seldom err....C
  • #1,436
  • Jan 26, 2017 6:29am Jan 26, 2017 6:29am
the reason I locked in my N/U is because I have to monitor this trade which was taken just mins ago
Attached Image (click to enlarge)
Click to Enlarge Name: WTIH7M5.png Size: 61 KB
the cautious seldom err....C
  • #1,437
  • Jan 26, 2017 8:38am Jan 26, 2017 8:38am
Quoting pips29
the reason I locked in my N/U is because I have to monitor this trade which was taken just mins ago {image}
someone threw a cigarette and I got burned...got to work doubly hard now
the cautious seldom err....C
  • #1,438
  • Jan 26, 2017 9:39am Jan 26, 2017 9:39am
not a pair I normally trade but I saw something good..trade is fresh from the oven,taken mins ago
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 59 KB
the cautious seldom err....C
  • #1,439
  • Jan 26, 2017 9:54am Jan 26, 2017 9:54am
Quoting pips29
not a pair I normally trade but I saw something good..trade is fresh from the oven,taken mins ago {image}
USDJPY and EURUSD have both hit the ADR so keep a close eye on it
Boss Lady has run out of things for me to do so I'll try and join you tomorrow.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #1,440
  • Jan 26, 2017 9:58am Jan 26, 2017 9:58am
Quoting Lookleft
{quote} USDJPY and EURUSD have both hit the ADR so keep a close eye on it Boss Lady has run out of things for me to do so I'll try and join you tomorrow.
thanks for the headsup
the cautious seldom err....C
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