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A very simple system - trade with arrow

  • #2,321
  • May 15, 2017 4:08am May 15, 2017 4:08am
Quoting pips29
{quote} On big time frames like weekly,monthly and for that matter yearly, price will always be ranging if you take the top and bottom and everything in between being in the range..Looking at this range on the weekly will mean taking 3-5 trades per year, trading from one end to the other. Are you looking for 600 or more pips per trade? Is that how you want to trade? I guess not. So looking at the weekly we see price has been moving lower and the last 3 weeks were candles with LH and LL..I would think this depicts bearishness. I am not trading from...
woke up to find commodity currencies very strong and I am in dd with my trade..anyway stop is in place @.7455..let's see
the cautious seldom err....C
  • #2,322
  • May 15, 2017 9:31am May 15, 2017 9:31am
as it's Monday, I clear out this trade early with some pips +42
Attached Image (click to enlarge)
Click to Enlarge Name: WTIM7M5.png Size: 49 KB
the cautious seldom err....C
  • #2,323
  • May 15, 2017 10:46am May 15, 2017 10:46am
Quoting pips29
as it's Monday, I clear out this trade early with some pips +42 {image}
Hi pips29,

Congrats on the green pips.

I have a trade idea on USDJPY and I would love to hear about your view on it. I think USDJPY looks bullish on H1 and on M15. On H1 though it's still LHLL mode but it print a HL recently and is very close to make a HH, in addition to rejection off 10ema in the last candle. On M15 there is similar situation of wicks off 10ema. Also H4 has some support as well.

I am eager to learn from your view. Thank you.
  • #2,324
  • May 15, 2017 11:13am May 15, 2017 11:13am
Hi antonym
I guess you saw that ab=cd on the weekly and price retraced back up to fib 78.6 as shown on my chart. I have often traded the fib 78.6 level to my advantage and had done so on this pair too. You are correct that a HL was printed on H1 but it's not confirmed yet as the LH was not broken yet..The H4 candle printed a bearish candle..this pair is not easy to trade as pa isn't crystal clear but I am leaning towards the bearish side..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 59 KB
Click to Enlarge Name: USDJPYH1.png Size: 61 KB
the cautious seldom err....C
  • #2,325
  • May 15, 2017 11:24am May 15, 2017 11:24am
gone short the kiwi trading in line with the daily/weekly..H4 looking like a very bearish bar though not closed yet but I will take my chance...My ausssie trade is looking better now and as a matter of fact I made some some money with a short for 2.5 pips with 10 times the position..I have also added some entries on the way up
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 54 KB
the cautious seldom err....C
  • #2,326
  • May 15, 2017 11:31am May 15, 2017 11:31am
a 1-2-3 pattern that I often use...let's see ..Please note that the previous 4 Heiken ashi candles were red and my cci 14 has already dived below zero..in other words it is not a trade that will be taken "blindly" EDit: btw if 3 is taken out before the pending sell, I will remove order. I will give it an hour before I cancel the order
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 53 KB
the cautious seldom err....C
  • #2,327
  • May 15, 2017 1:06pm May 15, 2017 1:06pm
i trade with simple strategy; MA crossover.
the indicator:
Attached Image (click to enlarge)
Click to Enlarge Name: MA crossover1.PNG Size: 41 KB
Attached File(s)
File Type: zip MovingCrossAlert Exp2017.05.21.zip   17 KB | 476 downloads
  • #2,328
  • May 15, 2017 1:07pm May 15, 2017 1:07pm
Quoting pips29
a 1-2-3 pattern that I often use...let's see ..Please note that the previous 4 Heiken ashi candles were red and my cci 14 has already dived below zero..in other words it is not a trade that will be taken "blindly" EDit: btw if 3 is taken out before the pending sell, I will remove order. I will give it an hour before I cancel the order {image}
EDit: wasn't triggered and 3 was taken out, hence p/o cancelled
the cautious seldom err....C
  • #2,329
  • May 16, 2017 4:07am May 16, 2017 4:07am
Quoting pips29
gone short the kiwi trading in line with the daily/weekly..H4 looking like a very bearish bar though not closed yet but I will take my chance...My ausssie trade is looking better now and as a matter of fact I made some some money with a short for 2.5 pips with 10 times the position..I have also added some entries on the way up {image}
added an entry after H4 closed
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 61 KB
the cautious seldom err....C
  • #2,330
  • May 16, 2017 4:11am May 16, 2017 4:11am
added an entry after H4 closed as well. was thinking about this entry as the H4 34 ema is just below but I rather hope price will just sail past....Had taken some profits from entries higher up yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 61 KB
the cautious seldom err....C
  • #2,331
  • May 16, 2017 4:15am May 16, 2017 4:15am
my daily chart of e/g
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 72 KB
the cautious seldom err....C
  • #2,332
  • May 16, 2017 4:32am May 16, 2017 4:32am
pending short triggered EDit:enrty was set just below H1 34 ema where price will be below the 10 ema on H4 as well
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYM15.png Size: 56 KB
Click to Enlarge Name: CADJPYH1.png Size: 67 KB
Click to Enlarge Name: CADJPYH4.png Size: 71 KB
the cautious seldom err....C
  • #2,333
  • Edited 6:42am May 16, 2017 5:12am | Edited 6:42am
as I don't trade pivots I entered this trade way too late from guru pivot point of view..when price hit the TL (drawn on the daily) and closed with a wick, I got interested and when the next candle was about to close I went in with a stop the size of the last bullish candle..let's see..it's a ct trade and will move stop to b/e soon EDit: stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 55 KB
the cautious seldom err....C
  • #2,334
  • May 16, 2017 5:58am May 16, 2017 5:58am
Quoting pips29
added an entry after H4 closed as well. was thinking about this entry as the H4 34 ema is just below but I rather hope price will just sail past....Had taken some profits from entries higher up yesterday {image}
Hi pips29,

Would you mind discussing a bit on the reasons for taking short trades on AUDUSD? Is the highest one the one with a 2.5 pip stop?

Thank you.
  • #2,335
  • May 16, 2017 6:40am May 16, 2017 6:40am
Quoting antonym
{quote} Hi pips29, Would you mind discussing a bit on the reasons for taking short trades on AUDUSD? Is the highest one the one with a 2.5 pip stop? Thank you.
I have mentioned in earlier posts why the aussie is bearish to me..The highest entry was actually a mistake in terms of position size and so I got off quickly with 2.5 pips profit.I would like to scale out but it was a single entry and I don't know how to scale out with MT4..I can do that with fxcm marketscope with a single entry
the cautious seldom err....C
  • #2,336
  • May 16, 2017 6:41am May 16, 2017 6:41am
Quoting forexbillion
i trade with simple strategy; MA crossover. the indicator: {file} {image}
GL
the cautious seldom err....C
  • #2,337
  • May 16, 2017 9:06am May 16, 2017 9:06am
Quoting pips29
{quote} I have mentioned in earlier posts why the aussie is bearish to me..The highest entry was actually a mistake in terms of position size and so I got off quickly with 2.5 pips profit.I would like to scale out but it was a single entry and I don't know how to scale out with MT4..I can do that with fxcm marketscope with a single entry
I see. I was confused about the highest sell entry as it doesn't make sense to me..To scale out of a position in MT4, I find some video teaching how to do so (you can start viewing at 1 minute where he starts the scaling out operation):
Inserted Video
  • #2,338
  • May 16, 2017 10:32am May 16, 2017 10:32am
Quoting antonym
{quote} I see. I was confused about the highest sell entry as it doesn't make sense to me..To scale out of a position in MT4, I find some video teaching how to do so (you can start viewing at 1 minute where he starts the scaling out operation):https://www.youtube.com/watch?v=Z7lHPe3K27Q
thanks antonym, will check it out later..I just spent the last 2 hours or more disposing the garden waste..I took this trade after the 1 hour closed as a shooting star at the adr high..I took 2 entries as I do not know how to scale out ..taken 1 out for some profit and locked in the other at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 56 KB
the cautious seldom err....C
  • #2,339
  • May 16, 2017 10:36am May 16, 2017 10:36am
3 entries and one left..one entry at 200 ema, one at S/R (dark blue line) and remaining entry at break of h1 34 ema
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 70 KB
the cautious seldom err....C
  • #2,340
  • May 16, 2017 10:41am May 16, 2017 10:41am
both n/u and a/u in a bit of dd but actually at b/e with n/u as I had taken profit on one entry of each pair
the cautious seldom err....C
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