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A very simple system - trade with arrow

  • #2,081
  • Apr 25, 2017 3:42am Apr 25, 2017 3:42am
this was taken on the 1 hour tf using TMS with the 5 ema..I have added a new indicator which I am testing plus the TMA. But I wish to point out TMS is the over-riding concept I will be using
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 65 KB
the cautious seldom err....C
  • #2,082
  • Apr 25, 2017 6:24am Apr 25, 2017 6:24am
I think price will find it hard to reach 1.09 for the time being..I am looking for a short entry not only on this pair but other euro related pairs EDit: waiting for the 10 ema to turn red on the dashboard
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 58 KB
the cautious seldom err....C
  • #2,083
  • Apr 26, 2017 4:24am Apr 26, 2017 4:24am
started taking some shorts on yen pairs as evening star pattern was formed on the 4 hour tf...I am not going to mention which pairs until I have taken profits
the cautious seldom err....C
  • #2,084
  • Apr 26, 2017 4:28am Apr 26, 2017 4:28am
Quoting pips29
I think price will find it hard to reach 1.09 for the time being..I am looking for a short entry not only on this pair but other euro related pairs EDit: waiting for the 10 ema to turn red on the dashboard {image}
got this completely wrong as price was pushed up to 1.0950 and moving down from there..I have 2 shorts on this pair..the 4 hour candle that just closed is a bearish candle and I am looking for more downside
the cautious seldom err....C
  • #2,085
  • Edited 4:56am Apr 26, 2017 4:33am | Edited 4:56am
Quoting pips29
{quote} got this completely wrong as price was pushed up to 1.0950 and moving down from there..I have 2 shorts on this pair..the 4 hour candle that just closed is a bearish candle and I am looking for more downside
I'm waiting for the break of BRN (1.09000) before I join the party. Could go a long way if they decide to fill the weekend gap.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #2,086
  • Apr 26, 2017 4:54am Apr 26, 2017 4:54am
Quoting Lookleft
{quote} I'm waiting for the break of BRN (1.09000) before I join the party. Could you a long way if they decide to fill the weekend gap.
a very nice target indeed
the cautious seldom err....C
  • #2,087
  • Apr 26, 2017 5:25am Apr 26, 2017 5:25am
just to show an example how I traded the evening star on the dragon...I drew the fibs on the 4hour bearish candle and looked for retracement .
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 56 KB
the cautious seldom err....C
  • #2,088
  • Apr 26, 2017 5:29am Apr 26, 2017 5:29am
Entered EURUSD after the break of the BRN and the H1 34ema. Quite a tight S/L as I have to go out. EURJPY running nicely.
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.
  • #2,089
  • Apr 26, 2017 5:30am Apr 26, 2017 5:30am
Quoting pips29
just to show an example how I traded the evening star on the dragon...I drew the fibs on the 4hour bearish candle and looked for retracement . {image}
Hi Pips,
Is this the way you always enter these set ups?
Your trade order needs to be in the right place at the right time.
  • #2,090
  • Apr 26, 2017 5:32am Apr 26, 2017 5:32am
Quoting Lookleft
Entered EURUSD after the break of the BRN and the H1 34ema. Quite a tight S/L as I have to go out. EURJPY running nicely. {image}
Nice LL..I'll probably be on duty later on..here's mine
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 53 KB
the cautious seldom err....C
  • #2,091
  • Apr 26, 2017 5:37am Apr 26, 2017 5:37am
Quoting Islandfx911
{quote} Hi Pips, Is this the way you always enter these set ups?
No Rob, I normally have 2 entries in mind when trading patterns..the first entry entry would be when the pattern forms and the second upon retracement
the cautious seldom err....C
  • #2,092
  • Apr 26, 2017 5:41am Apr 26, 2017 5:41am
I intend to post only trend following method using the 10/34 ema from now..when the 10 is above the 34 ema look for long and vice versa...this is trading made simplest
the cautious seldom err....C
  • #2,093
  • Apr 26, 2017 5:42am Apr 26, 2017 5:42am
Quoting pips29
{quote} No Rob, I normally have 2 entries in mind when trading patterns..the first entry entry would be when the pattern forms and the second upon retracement
Thanks
Your trade order needs to be in the right place at the right time.
  • #2,094
  • Apr 26, 2017 5:43am Apr 26, 2017 5:43am
Quoting pips29
I intend to post only trend following method using the 10/34 ema from now..when the 10 is above the 34 ema look for long and vice versa...this is trading made simplest
Looking forward to it ;-)
Your trade order needs to be in the right place at the right time.
  • #2,095
  • Apr 26, 2017 5:46am Apr 26, 2017 5:46am
I have taken this trade 2 candles back and now at b/e...you just have to follow the 10/34 ema .It just can't be any simpler
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM15.png Size: 57 KB
the cautious seldom err....C
  • #2,096
  • Apr 26, 2017 5:48am Apr 26, 2017 5:48am
Have a look at this too
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 50 KB
the cautious seldom err....C
  • #2,097
  • Apr 26, 2017 5:51am Apr 26, 2017 5:51am
if you are trading the 1 hour just look at the entries available by following the 10/34 ema..with this method you can't help but win
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 62 KB
the cautious seldom err....C
  • #2,098
  • Apr 26, 2017 6:00am Apr 26, 2017 6:00am
Quoting Lookleft
Entered EURUSD after the break of the BRN and the H1 34ema. Quite a tight S/L as I have to go out. EURJPY running nicely. {image}
LL, I just took a look at the 1 hour and found your target very similar to mine
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 56 KB
the cautious seldom err....C
  • #2,099
  • Apr 26, 2017 6:02am Apr 26, 2017 6:02am
Quoting pips29
if you are trading the 1 hour just look at the entries available by following the 10/34 ema..with this method you can't help but win {image}
And once you are in a trade on H1 you can drop down to M15 and add positions when the M15 pull back ends.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #2,100
  • Apr 26, 2017 6:04am Apr 26, 2017 6:04am
Quoting pips29
{quote} LL, I just took a look at the 1 hour and found your target very similar to mine {image}
You've got a good head start on me. I must stop over sleeping in the mornings
Never argue with a fool; onlookers may not be able to tell the difference.
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