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A very simple system - trade with arrow

  • #2,041
  • Apr 19, 2017 4:12am Apr 19, 2017 4:12am
Quoting antonym
{quote} Hi pips29, I see that last H4 candle just closed with some wicks. Do you think is it still good for buying?
yeah, saw that too but this is geppy and she has no respect for wicks with bodies just about the same..unless the wick is long compared with the body, I think it's a valid buy for continuation until I see a long wick
the cautious seldom err....C
  • #2,042
  • Apr 19, 2017 4:17am Apr 19, 2017 4:17am
price on the aussie is now below the 200 ema but there is some S/R just down below..once cleared there is room below
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 64 KB
the cautious seldom err....C
  • #2,043
  • Apr 19, 2017 6:41am Apr 19, 2017 6:41am
I have taken 20% off and NYO will push it higher .My target is set and I am not going to move the stop up yet till I have taken another 30% off
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY m15 (04-19-2017 1238).png Size: 38 KB
the cautious seldom err....C
  • #2,044
  • Apr 19, 2017 6:52am Apr 19, 2017 6:52am
let's see if we get a morning star pattern formed at S/R on the 1 hour.....in 10 mins. I have an entry yesterday and was close to being stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 62 KB
the cautious seldom err....C
  • #2,045
  • Edited 9:20am Apr 19, 2017 6:58am | Edited 9:20am
Quoting pips29
I have taken 20% off and NYO will push it higher .My target is set and I am not going to move the stop up yet till I have taken another 30% off {image}
stop at b/e+ now as I have taken 50% off EDiT: balance stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY m15 (04-19-2017 1256).png Size: 36 KB
the cautious seldom err....C
  • #2,046
  • Apr 19, 2017 9:17am Apr 19, 2017 9:17am
I thought it is time to take profit with this trade...I will wait for u/y to take the geppy higher
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYM15.png Size: 52 KB
the cautious seldom err....C
  • #2,047
  • Apr 19, 2017 9:24am Apr 19, 2017 9:24am
Quoting pips29
let's see if we get a morning star pattern formed at S/R on the 1 hour.....in 10 mins. I have an entry yesterday and was close to being stopped out {image}
price has taken out this morning high and hanging around the 34 ema on the 1 hour tf...I am fairly confident price will move higher
the cautious seldom err....C
  • #2,048
  • Apr 19, 2017 9:28am Apr 19, 2017 9:28am
this might close bearish engulfing before CPI data
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 66 KB
the cautious seldom err....C
  • #2,049
  • Apr 19, 2017 10:24am Apr 19, 2017 10:24am
Decided to exit 2nd trade manually.
+26 & +42 for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: EN 19 4 17 TP 1 & 2.png Size: 102 KB
Your trade order needs to be in the right place at the right time.
  • #2,050
  • Apr 19, 2017 10:28am Apr 19, 2017 10:28am
Quoting Islandfx911
Decided to exit 2nd trade manually. +26 & +42 for the day. {image}
nicely done and btw do you trade only 1 pair a day?
the cautious seldom err....C
  • #2,051
  • Apr 19, 2017 10:35am Apr 19, 2017 10:35am
Lookleft is an expert with the pac and I thought I will give it a go too...trade was just taken using TMS method with TDI..I seldom short the pound and when I do "it's strictly business" maam
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 49 KB
the cautious seldom err....C
  • #2,052
  • Apr 19, 2017 10:44am Apr 19, 2017 10:44am
Quoting pips29
Lookleft is an expert with the pac and I thought I will give it a go too...trade was just taken using TMS method with TDI..I seldom short the pound and when I do "it's strictly business" maam {image}

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #2,053
  • Apr 19, 2017 10:49am Apr 19, 2017 10:49am
Quoting Lookleft
{quote} {image}
you kiddin' me..please tell the folks we do not share the same computer
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 49 KB
the cautious seldom err....C
  • #2,054
  • Apr 19, 2017 10:59am Apr 19, 2017 10:59am
Quoting pips29
{quote} you kiddin' me..please tell the folks we do not share the same computer {image}
My first reaction when I saw your post was 'He's stolen my trade'
I think the saying is 'Great minds .........'
Never argue with a fool; onlookers may not be able to tell the difference.
  • #2,055
  • Apr 19, 2017 11:04am Apr 19, 2017 11:04am
I got myself confused after the previous H4 candle closed with a wick twice the size of the body...I just couldn't think straight and when price came down I decided to sell and therefore a hedge is made...I will leave till tomorrow to trade when I see clearer
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 53 KB
the cautious seldom err....C
  • #2,056
  • Apr 19, 2017 11:18am Apr 19, 2017 11:18am
Quoting pips29
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 {image}
it's getting there
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 70 KB
the cautious seldom err....C
  • #2,057
  • Apr 19, 2017 11:18am Apr 19, 2017 11:18am
Quoting pips29
{quote} you kiddin' me..please tell the folks we do not share the same computer {image}
Quoting Lookleft
{quote} My first reaction when I saw your post was 'He's stolen my trade' I think the saying is 'Great minds .........'
wow that's really coincident! Would you mind discussing a bit why selling is preferred? I thought yesterday was quite bullish for GBPUSD, and haven't been looking for short trade for this pair.

Thank you.

Edt: Actually I was planning to buy at H1 34ema (also D1 200ema), which is happening now.
  • #2,058
  • Apr 19, 2017 11:47am Apr 19, 2017 11:47am
Quoting antonym
{quote} {quote} wow that's really coincident! Would you mind discussing a bit why selling is preferred? I thought yesterday was quite bullish for GBPUSD, and haven't been looking for short trade for this pair. Thank you. Edt: Actually I was planning to buy at H1 34ema (also D1 200ema), which is happening now.
Hi antonym,
I was watching on H4 and after the big spike yesterday, price couldn't break through the 1.28500 level all day. I just dropped down to the H1 a waited as I felt the price had been pushed up artificially. The bar before my entry showed a strong rejection and once the downward momentum built up, showed by the TDI, I pulled the trigger. The only concern was the BRN (1.2800) but once through that it was away.

Closed some of the trade at +25 will look at the rest before I go to bed and decide if I should close or leave some running.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #2,059
  • Apr 19, 2017 9:23pm Apr 19, 2017 9:23pm
Quoting pips29
{quote} nicely done and btw do you trade only 1 pair a day?
Hi Pips,
I monitor 12 pairs. I am looking for the same setup every day on the 30 min charts. After years of watching the different pairs move around I have found that they tend to move in unison and there is no need to place multiple trades on similar pairs. There is a bit more involved with why I would select a certain pair but I won't bore anyone with the details.


Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #2,060
  • Apr 19, 2017 10:44pm Apr 19, 2017 10:44pm
Quoting Lookleft
{quote} Hi antonym, I was watching on H4 and after the big spike yesterday, price couldn't break through the 1.28500 level all day. I just dropped down to the H1 a waited as I felt the price had been pushed up artificially. The bar before my entry showed a strong rejection and once the downward momentum built up, showed by the TDI, I pulled the trigger. The only concern was the BRN (1.2800) but once through that it was away. Closed some of the trade at +25 will look at the rest before I go to bed and decide if I should close or leave some running....
I see. Thank you very much.
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