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A very simple system - trade with arrow

  • #1,741
  • Feb 23, 2017 5:19pm Feb 23, 2017 5:19pm
gone short
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the cautious seldom err....C
  • #1,742
  • Feb 23, 2017 5:21pm Feb 23, 2017 5:21pm
gone long though spread is wide
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the cautious seldom err....C
  • #1,743
  • Feb 23, 2017 5:33pm Feb 23, 2017 5:33pm
Hi
just a comment , not looking for war,lol so basically the trade system is still the original one
as Posted in page 1 ,
it just confuses me when I see a nice forum and system start off but it is not too long before we are getting all sorts of suggestions and indicators and EA, S
makes me think of the old adage why fix that that is not broke
cheers all
Old Eyes
  • #1,744
  • Feb 23, 2017 5:51pm Feb 23, 2017 5:51pm
Quoting asaljay
Hi just a comment , not looking for war,lol so basically the trade system is still the original one as Posted in page 1 , it just confuses me when I see a nice forum and system start off but it is not too long before we are getting all sorts of suggestions and indicators and EA, S makes me think of the old adage why fix that that is not broke cheers all Old Eyes
Indicators like moving averages remain the same and the method is still the same for trend following...I have added s/r by drawing the lines but in all trading methods price action will always be the determining factor...otherwise we will all be rich by just following some indicators...it just cannot be that easy to make money...only 5% make money so I heard. The method on the 15 minute is very simple but I cannot guarantee you that all trades will be winners..I am trading CT trades as well for those who are interested, otherwise just stick to the method on page 1...tell me what confuses you and perhaps we can sort it out. The entry is to look at the tf you are on and a long would be when price is above both the 10 and 34 ema and vice versa for short
the cautious seldom err....C
  • #1,745
  • Feb 23, 2017 6:01pm Feb 23, 2017 6:01pm
my entries on u/cad is based on the 4 hour and short was taken with price below the 10 and 34 ema...I took long on the 1 hour with the geppy, price is also above the emas....I just use htf to trade during low volatility...there is volatility during Lon and NY sessions where you can use the 15 min or even lower to trade..it just makes sense
the cautious seldom err....C
  • #1,746
  • Feb 23, 2017 6:12pm Feb 23, 2017 6:12pm
thank you for that yes that is simple enough just wonder if in all the other stuff
is there a better way to trade it.. but am a simple guy and simple
suits me
  • #1,747
  • Feb 23, 2017 6:20pm Feb 23, 2017 6:20pm
Quoting asaljay
thank you for that yes that is simple enough just wonder if in all the other stuff is there a better way to trade it.. but am a simple guy and simple suits me
good.. if you like it simple just trade the 15 min. during LON/NY . If you are looking for 10-20 pips just look at this chart and don't bother looking htf...if you are seeking bigger profits then take a look at the 1 hour and 4 hour and if all 3 tfs are showing the same direction then either look at the 4 hour or one hour to find your target...that's why it's good practice to plot s/r levels on your chart...on my chart the dark blue lines are 4 hour,magenta 1 hour and the orange 15 min
the cautious seldom err....C
  • #1,748
  • Feb 23, 2017 6:23pm Feb 23, 2017 6:23pm
I am going to take a break and then off to bed...I will answer your questions later...goodnite
the cautious seldom err....C
  • #1,749
  • Feb 23, 2017 8:19pm Feb 23, 2017 8:19pm
Quoting pips29
gone long though spread is wide {image}
not convincing to long for me in geppy... TL in H4 is just above... i might be wrong
Do it like a Fool
  • #1,750
  • Feb 24, 2017 1:04am Feb 24, 2017 1:04am
Quoting asaljay
thank you for that yes that is simple enough just wonder if in all the other stuff is there a better way to trade it.. but am a simple guy and simple suits me
you can try to look back on pips29 chart. if you want simple, look for those only follow 34 ema trade on current TF(15 minutes)
Do it like a Fool
  • #1,751
  • Feb 24, 2017 3:38am Feb 24, 2017 3:38am
just for people who look for simple trading the 10 and 34 ema:
- look for those HH/LL LH/HL
- trade align with the 10/34 EMA
- CCI and TDI are align
- trade ONLY the first retrace after the the 10 EMA cross the 34 EMA( 2nd or 3rd have a lower winning rate for me, but still profitable)


* all these are from me-Foolsgame which is still not the 5% of the trader that have consistent profit
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  • #1,752
  • Feb 24, 2017 3:40am Feb 24, 2017 3:40am
woke up to find I ate a loss on the geppy....looking around I find that the yen strengthen and all related yen pairs are falling led by u/y (betrayal) ..Took 2 losses for the week e/u and geppy and hope this morning loss is the last for the week..-43 for geppy...
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the cautious seldom err....C
  • #1,753
  • Feb 24, 2017 3:41am Feb 24, 2017 3:41am
Quoting pips29
woke up to find I ate a loss on the geppy....looking around I find that the yen strengthen and all related yen pairs are falling led by u/y (betrayal) ..Took 2 losses for the week e/u and geppy and hope this morning loss is the last for the week..-43 for geppy... {image}
u miss out this TL bro
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  • #1,754
  • Feb 24, 2017 3:52am Feb 24, 2017 3:52am
the 4 hour candle which closes in 10 mins on cable at the moment has equally spaced distance wicks on either end...let's see who is stronger, bulls or bears
the cautious seldom err....C
  • #1,755
  • Feb 24, 2017 3:56am Feb 24, 2017 3:56am
Quoting Foolsgame
{quote} u miss out this TL bro {image}
yeah, I saw that TL but I was hoping u/y to retrace further up and the pound to remain bullish and continue north...the gamble just did not pay off...it's not the geppy that fell...all other yen pairs fell which mean the yen was just too strong
the cautious seldom err....C
  • #1,756
  • Feb 24, 2017 3:57am Feb 24, 2017 3:57am
Quoting pips29
{quote} yeah, I saw that TL but I was hoping u/y to retrace further up and the pound to remain bullish and continue north...the gamble just did not pay off...it's not the geppy that fell...all other yen pairs fell which mean the yen was just too strong
look at EA, might be tasty
Do it like a Fool
  • #1,757
  • Feb 24, 2017 4:01am Feb 24, 2017 4:01am
I have a TL support on the 4 hour and 1 hour horizontal support...let's see if it bounces from here...I am waiting....revenge is sweet in this case
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the cautious seldom err....C
  • #1,758
  • Feb 24, 2017 4:23am Feb 24, 2017 4:23am
wicky tops on the 15 min on e/u...
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the cautious seldom err....C
  • #1,759
  • Feb 24, 2017 6:40am Feb 24, 2017 6:40am
u/y is nearing support..if this level holds all yen pairs will retrace upwards...let's see
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the cautious seldom err....C
  • #1,760
  • Feb 24, 2017 7:06am Feb 24, 2017 7:06am
Quoting Foolsgame
{quote} look at EA, might be tasty
might get more.. but i am happy since it is friday
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Bob100