Make all possible mistakes in demo and rain in pips in live account
Demo Contest All Time Return:
32.0%
Trading Made Very Simple and Profitable instructions 33 replies
The right thinking of the profitable trading in 3 simple steps. 14 replies
Indonesian Trader style - make trading simple 1 reply
Your consistently profitable trading style 37 replies
Gio's simple profitable trading quest 6 replies
DislikedJust caught USDCAD long on the daily; hope to exit early,possibly weekendIgnored
Disliked{quote} Each time we stay and spend some time with our charts some pieces information keeps coming up even if we have been trading for so long. The reason for getting into the USDCAD is that when market trends (in the case uptrend) if price breaks strongly below the SMA/middle band and the next candle breaks strongly above either of the duos there is higher probability of being bullish again.Ignored
Disliked{quote} Waiting for one candle above the broken resistance. The previous support breakout was possibly a "Fakeout". Waiting for one more candle gives rest of mind, otherwise the resistance breakout could be "Fakeout" also. Check your charts. Just as I said in the past I used to be an aggressive breakout trader. And have been ambushed over and over by "Fakeout". If I had got in during the support breakout on GBPAUD I would have been ambushed again. As I said I remain a Conservative breakout trader now- waiting for one bullish candle above the broken...Ignored
DislikedAhh!! Okay NinjaTrader! I put the profit right before the support and now on the earlier time frames it is moving against me. I guess maybe I should just see what happens from here! It looks bearish... like extremely bearish on the daily and weekly time frames but as you said... it can’t go down much further because it is at a major support line. It could be trending up as I type this!Ignored
DislikedNinja Trader, Im using this strategy from now on and will never trade anything but a daily and weekly chart now. I’m in the United States and the market closes on Friday at 5pm as you know. So if I’m looking at a strong setup on the charts on a Thursday or Friday, would it be okay to trade over the weekend, or do you think it would be better to find my trades on Monday’s and let them run till Friday and close them?Ignored
DislikedAlso.. I went long on Eur/Cad today which looks like the beginning of a huge daily and weekly trend to me! I’m a beginner but it is in the beginning stages of a uptrend that met all of the conditions on the Bollinger Bands on the default settings! As of this message I’m up like 25 pips! Check it out if you get the chance and see what you think!Ignored
Disliked{quote} If EURAUD closes as it's going, it's going to draw in more bulls. If you trade using Bollinger Bands you would observe that the current candle is being formed completely outside the Bands. Candles cannot continue to be outside the bands. More bullish ahead on EURAUDIgnored
DislikedAs I have said earlier also when Bearish candle forms outside the bands during the uptrend the bulls have no option than to give in to the bears. You would see the current movement on AUDUSD short.Ignored
Disliked{quote} If EURAUD closes as it's going, it's going to draw in more bulls. If you trade using Bollinger Bands you would observe that the current candle is being formed completely outside the Bands. Candles cannot continue to be outside the bands. More bullish ahead on EURAUDIgnored
DislikedThe pair on the radar is AUDNZD. Candle is currently being formed outside the band, though bearish candle. The good thing is that it's being formed around strong support, 1.05085. If I were to join the bulls I would use a "Buy Stop Order" little above the the high price of the current bearish candle Am not in anyway advising the bears to close their positions- just analyzing market/price. Alternatively, I would wait for one more candle ( Bullish candle ) inside the bandsIgnored
DislikedGBPUSD on the radar. It has come to critical level, 1.26844 support. It would be a break or bend .Ignored