A very simple system - trade with arrow | Page 108 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need help for this very very simple indicator 1 reply

Looking for simple arrow indicator 0 replies

lets develop a system which is very very simple but effective. 7 replies

Can anyone add a simple crossover arrow to this? 2 replies

mt4 coder needed for a very very simple system 2 replies

Attachments: A very simple system - trade with arrow
Exit Attachments

A very simple system - trade with arrow

  • #2,141
  • Apr 27, 2017 10:48am Apr 27, 2017 10:48am
Quoting Islandfx911
Missed out on the AU trade but managed a long on UCAD for +42. {image}
well done Rob...trading in line with the htf using the 30 min. We now have a 30 min,60 min (LL) and a 15 min trader on this thread..maybe FG should rename this thread to trend trading using the 10/34 ema.
the cautious seldom err....C
  • #2,142
  • Apr 27, 2017 11:13am Apr 27, 2017 11:13am
Quoting antonym
{quote} My understanding is I should have sell at the cricled area on the M15 chart because that's when H1 has 10 and 34 cross down, and at around the circled area on H1 because that's when H4 has 10 and 34 cross up. Please correct me if I understand wrongly. Thank you. {image} {image}
I was just showing you where the 10/34 ema on the 3 tf, you can add the daily tf if you want but for the 15 min chart H4 tf is more than sufficient..I am posting the 4 hour tf below to show why you can consider a short even though 10 ema is still above the 34 ema...I have mentioned before the rejection of the 200 ema and when price closed below the 10 ema, you can consider a short 1. there is still 20 odd pips to the 34 ema should price rebound from there ( that is you can still make 20 pips) 2. the cross was seen on the 1 hour 3. I often take the ratio 1:4 as more important ,therefore more emphasis on 60 min. when using the 15 min..This is ct trading on the 4 hour tf but trend trading on the 15 and 60 min tf. If you want to be safe then wait for the cross to have happened on the 4 hour by which time some good pips would have slipped by...this is always the choice we have to make ,to get in early to ride the bigger wave or just the smaller one.Hope this little bit helps
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 62 KB
the cautious seldom err....C
  • #2,143
  • Apr 28, 2017 2:21am Apr 28, 2017 2:21am
A pretty good month of trading. +28 today has given me 10.5% for the week and 19.25% for the month.
That's me done for today. Catch you next week.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: ECAD 28 4 17.png Size: 54 KB
Your trade order needs to be in the right place at the right time.
  • #2,144
  • Apr 28, 2017 2:51am Apr 28, 2017 2:51am
Quoting Islandfx911
A pretty good month of trading. +28 today has given me 10.5% for the week and 19.25% for the month. That's me done for today. Catch you next week. Rob {image}
Nice one Rob. See you next week.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #2,145
  • Apr 28, 2017 3:17am Apr 28, 2017 3:17am
Quoting Islandfx911
A pretty good month of trading. +28 today has given me 10.5% for the week and 19.25% for the month. That's me done for today. Catch you next week. Rob {image}
Was this month better than the last one? Are you picking more winners now? I think you are and you get this from me
the cautious seldom err....C
  • #2,146
  • Apr 28, 2017 3:33am Apr 28, 2017 3:33am
Quoting pips29
{quote} Was this month better than the last one? Are you picking more winners now? I think you are and you get this from me
Picking consistent winners now and profits increasing each month. Your posts have been a great help
Your trade order needs to be in the right place at the right time.
  • #2,147
  • Apr 28, 2017 3:50am Apr 28, 2017 3:50am
here's the 4 hour chart showing the 10 ema below the 34 ema where I drew the line...Charts on the 15 min to the daily are now aligned showing a downtrend...how would you like to trade?
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 60 KB
the cautious seldom err....C
  • #2,148
  • Apr 28, 2017 6:10am Apr 28, 2017 6:10am
Quoting Islandfx911
A pretty good month of trading. +28 today has given me 10.5% for the week and 19.25% for the month. That's me done for today. Catch you next week. Rob {image}
Congratulation. Rob!
  • #2,149
  • Apr 28, 2017 6:25am Apr 28, 2017 6:25am
Quoting pips29
here's the 4 hour chart showing the 10 ema below the 34 ema where I drew the line...Charts on the 15 min to the daily are now aligned showing a downtrend...how would you like to trade? {image}
I think the primary trend is down, and I should sell.

However, I see that recent PA on lower TF is quite bullish. And it seems that 10 is about to cross up the 34 on H1.

I am a bit confused about what I should do in such a situation. Perhaps best option is to stay aside?
  • #2,150
  • Apr 28, 2017 6:50am Apr 28, 2017 6:50am
Do not be confused..this is the forex market and it's irrational at times (could be everytime) ..you just have to play out what you have decided to do before you enter a trade .i.e.placing of stop/adding entry and so forth.....if you feel uneasy, then it's best to remain sideline
the cautious seldom err....C
  • #2,151
  • Apr 28, 2017 7:18am Apr 28, 2017 7:18am
Quoting antonym
{quote} Congratulation. Rob!
Thanks.
Your trade order needs to be in the right place at the right time.
  • #2,152
  • Apr 28, 2017 8:39am Apr 28, 2017 8:39am
took shorts on e/u,e/g ,n/u and a/u..results e/u +24 ,n/u +1 and a/u +12...in a bit of dd with e/g...e/u was taken with S/R in mind (CT trade)..leaving the house soon ...bbl
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 58 KB
Click to Enlarge Name: NZDUSDM15.png Size: 53 KB
Click to Enlarge Name: EURUSDH1.png Size: 56 KB
the cautious seldom err....C
  • #2,153
  • Apr 28, 2017 10:46am Apr 28, 2017 10:46am
Quoting pips29
took shorts on e/u,e/g ,n/u and a/u..results e/u +24 ,n/u +1 and a/u +12...in a bit of dd with e/g...e/u was taken with S/R in mind (CT trade)..leaving the house soon ...bbl {image} {image} {image}
Hi pips29,

Could you discuss any reasons behind the EURGBP sell? Is that related to EU?
  • #2,154
  • Apr 28, 2017 11:01am Apr 28, 2017 11:01am
Quoting antonym
{quote} Hi pips29, Could you discuss any reasons behind the EURGBP sell? Is that related to EU?
nope, I took the short based on the charts, daily,4 hour, especially the 4 hour.. I already mentioned when I get a cross or when the 10 is below the 34 ema I will look for shorts..The daily was also telling me to short...shorting on the 15 min using the the 34 ema on H1/H4 as resistence with a stop say 10 pips above the 200ema on the daily has worked out for me in the past frequently...you should have noticed Lookleft mentioning about his trades with the 34 ema in mind...I have asked FG, good man , to make a dashboard for this and please use it to your advantage if you want to trade this method
the cautious seldom err....C
  • #2,155
  • Apr 28, 2017 11:05am Apr 28, 2017 11:05am
the e/u trade was solely based on the S/R on my chart i.e ppa...fyi the higher tf rules given time and I often add entries because I know eventually the trend will resume on the htf But Do Not add when you are trading against the htf
the cautious seldom err....C
  • #2,156
  • Apr 28, 2017 11:15am Apr 28, 2017 11:15am
as I was away I still haven't found out what cause the spike up in the aussie..maybe one of you can tell me..in any case, I will not look at shorts now till price reaches near or at the 34 ema on H4
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 65 KB
the cautious seldom err....C
  • #2,157
  • Apr 28, 2017 11:24am Apr 28, 2017 11:24am
to illustrate why you should trade with the trend and not suffer too much of a dd...I f you traded against the trend the reward is small when you get lucky but you will have to endure a lot of pain unnecessarily...trading should be fun..don't make it stressful when it needn't be...fyi I am already up with my e/g trades with entries at the 34 ema on H1 and H4 why? because the htf say so
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 57 KB
the cautious seldom err....C
  • #2,158
  • Apr 28, 2017 11:31am Apr 28, 2017 11:31am
g/u trend is up on the htf and entries at/near 34 ema using the 15 min. would have brought you some free dinners
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 54 KB
the cautious seldom err....C
  • #2,159
  • Apr 28, 2017 11:39am Apr 28, 2017 11:39am
hey Hazza, please post your charts
the cautious seldom err....C
  • #2,160
  • Apr 28, 2017 11:48am Apr 28, 2017 11:48am
Heres 1 of my trades today, i took it because as you can see yesterdays open line continued to act as resistence last night/early morning, then when price closed above it and retested in with that bull candle with the long wick i opened a trade with 3 positions, took 2 off as it didnt seem like going further, and closed the other one a couple of hours later just above B/E.

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-m15-ig-group-limited.png Size: 69 KB


I started a myfxbook page since wednesday following this strategy if anyone interested, heres the link: https://www.myfxbook.com/portfolio/mt4-68488/2082968
3 traders viewing now