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A very simple system - trade with arrow

  • #2,021
  • Apr 18, 2017 7:54am Apr 18, 2017 7:54am
Quoting pips29
got these lines on the daily of the swissy {image}
The swissy has room to fall further until the TL and horizontal S/R and so I will take a look at e/u when price reaches 1.07 and slightly higher (I have just drawn another level on the chart on H4)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 (04-18-2017 1352).png Size: 60 KB
the cautious seldom err....C
  • #2,022
  • Apr 18, 2017 8:10am Apr 18, 2017 8:10am
this pair caught my eye...day, H4 and H1 charts..How would you trade this pair ? ideas plz?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CHFJPYDaily.png Size: 47 KB
Click to Enlarge Name: CHFJPYH4.png Size: 51 KB
Click to Enlarge Name: CHFJPYH1.png Size: 48 KB
the cautious seldom err....C
  • #2,023
  • Apr 18, 2017 8:28am Apr 18, 2017 8:28am
I did make some pips selling this pair as I was concerned with the 200 ema...I was waiting for this to happen but did not expect a large red candle like this...the way I will play this is to wait for a test of the 200 ema again, i.e waiting for a retracement. Hope you guys did not trade the pivots or the"edge" S61 -S100..that would be just as painful in the arse .
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 66 KB
the cautious seldom err....C
  • #2,024
  • Apr 18, 2017 9:00am Apr 18, 2017 9:00am
just closed the a/u trade as I realised the 200 ema is just there...until price is below the ma I will refrain from shorting
the cautious seldom err....C
  • #2,025
  • Apr 18, 2017 9:43am Apr 18, 2017 9:43am
not quite ready but I have decided to cook it anyway with a 15 pips stop...let's see if we get a 1-2-3 pattern
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD m15 (04-18-2017 1539).png Size: 47 KB
the cautious seldom err....C
  • #2,026
  • Apr 18, 2017 10:18am Apr 18, 2017 10:18am
Quoting pips29
{quote} The swissy has room to fall further until the TL and horizontal S/R and so I will take a look at e/u when price reaches 1.07 and slightly higher (I have just drawn another level on the chart on H4) {image}
Hi pips29,

I am a bit concerned about these two s/r on the swiss chart H4. Do you think it's valid？ Because I think it could negate the room for selling.
Attached Image (click to enlarge)
Click to Enlarge Name: ucf.PNG Size: 24 KB
  • #2,027
  • Apr 18, 2017 10:20am Apr 18, 2017 10:20am
took the trade risking 60 for 100...let's see...a swing trade
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYH1.png Size: 61 KB
the cautious seldom err....C
  • #2,028
  • Apr 18, 2017 10:27am Apr 18, 2017 10:27am
Quoting pips29
this pair caught my eye...day, H4 and H1 charts..How would you trade this pair ? ideas plz? {image} {image} {image}
I see a reversal bulllish bar with wick on D1, and last H4 is bullish engulfing.
But price is at an resistance and H4 34ema, which has been hugging the down move since Mar 15. So perhaps buy when it breaks up the H4 34ema and come down to retest it?
  • #2,029
  • Apr 18, 2017 10:33am Apr 18, 2017 10:33am
Quoting antonym
{quote} Hi pips29, I am a bit concerned about these two s/r on the swiss chart H4. Do you think it's valid？ Because I think it could negate the room for selling. {image}
yes, you are quite right...I am expecting a bounce off the 200 ema and I am thinking of going long...it's one of the reasons I went short E/U
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily.png Size: 54 KB
the cautious seldom err....C
  • #2,030
  • Apr 18, 2017 10:35am Apr 18, 2017 10:35am
Quoting antonym
{quote} I see a reversal bulllish bar with wick on D1, and last H4 is bullish engulfing. But price is at an resistance and H4 34ema, which has been hugging the down move since Mar 15. So perhaps buy when it breaks up the H4 34ema and come down to retest it?
price has traded above the H4 34 ema in the last 3 hours as seen with the candles..the stop on the hourly chart is unusually wide as I have put it under the H4 as there could be some retracement where a second entry can be added...I often split entries as sometimes for fear of missing out (fomo) you enter right away just in case there is no retracement like the case of the loonie posted earlier..if I had gone in without waiting for price to retrace I would be at leastbe 30 pips up now..this is always the risk we have to take..get in early and suffer some dd or miss out on the trade altogether
the cautious seldom err....C
  • #2,031
  • Apr 18, 2017 10:44am Apr 18, 2017 10:44am
Quoting pips29
{quote} price has traded above the H4 34 ema in the last 3 hours as seen with the candles
I just found out that I accidentally set the 34ema to be the high price, not the close price. Sorry about the mistake. I think in this case the buy should be now.
  • #2,032
  • Apr 18, 2017 10:52am Apr 18, 2017 10:52am
and more often than not it pays not to move the stop to b/e too early. I actually moved the stop after taking 1/2 off at +50...it's all this fear you get when you are in the green and not wanting the trade to fall back in the red...I need to build up more confidence and see the trade thru'...it's easier said than done..I think I can be excused for moving the stop to b/e on this trade as price had already made a +50 pip move ..
Attached Image (click to enlarge)
Click to Enlarge Name: USOil H1 (04-18-2017 1646).png Size: 48 KB
the cautious seldom err....C
  • #2,033
  • Apr 18, 2017 11:05am Apr 18, 2017 11:05am
Quoting antonym
{quote} I just found out that I accidentally set the 34ema to be the high price, not the close price. Sorry about the mistake. I think in this case the buy should be now.
It's best to see the reaction at the H1 34 ema where I might add an entry if you have not entered yet
the cautious seldom err....C
  • #2,034
  • Apr 18, 2017 11:10am Apr 18, 2017 11:10am
Quoting pips29
{quote} It's best to see the reaction at the H1 34 ema where I might add an entry if you have not entered yet
I see. Thank you.
  • #2,035
  • Apr 18, 2017 10:33pm Apr 18, 2017 10:33pm
Quoting Foolsgame
{quote} just manage to edit the code, try it and let me know if it okay {file}
Hi FG,
Any chance you can post the amended .mq4 file as my Mac does not like .ex4 files.

Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #2,036
  • Edited 2:16am Apr 19, 2017 1:51am | Edited 2:16am
Taken a long on EURNZD.
1st target +26
2nd target +50
Plan is to move to break even when 1st target reached.

Edit: TP 1 hit at +26
SL moved on remaining trade to BE
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EZ 19 4 17.png Size: 107 KB
Click to Enlarge Name: EZ 19 4 17 TP1.png Size: 107 KB
Your trade order needs to be in the right place at the right time.
  • #2,037
  • Apr 19, 2017 3:22am Apr 19, 2017 3:22am
Quoting Islandfx911
Taken a long on EURNZD. 1st target +26 2nd target +50 Plan is to move to break even when 1st target reached. Edit: TP 1 hit at +26 SL moved on remaining trade to BE {image} {image}
I don't trade this pair but what you've got is looking good with a very well timed entry in accordance with trading the 10/34 ema with the trend..GL
the cautious seldom err....C
  • #2,038
  • Apr 19, 2017 3:26am Apr 19, 2017 3:26am
this is the day chart of the loonie now..price is trading above the TL and looking to trade towards the next TL..just a headsup on chfjpy trade taken yesterday,presently up 36
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 70 KB
the cautious seldom err....C
  • #2,039
  • Apr 19, 2017 3:39am Apr 19, 2017 3:39am
looking for trend continuation with the geppy
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY m15 (04-19-2017 0938).png Size: 38 KB
the cautious seldom err....C
  • #2,040
  • Apr 19, 2017 4:01am Apr 19, 2017 4:01am
Quoting pips29
looking for trend continuation with the geppy {image}
Hi pips29,

I see that last H4 candle just closed with some wicks. Do you think is it still good for buying?
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