Simple and profitable trading style

AUDUSD still going deep. I have shared the chart

Yesterday I said Axitrader closed my demo account after one month. And that my AUDUSD short and AUDCAD short are in that platform. I will still be monitoring them. It's all about trade setup/backtest and not profit/loss.

Using your chart to check when the daily closed below lower band while the weekly was closing, you would observe that we're over 340 pips. Also this pair was not trending when the setup formed.

I now believe that we have a lot to benefit from ranging/ market. It's breakout with this strategy is trusted and reliable. The only virtue we need when ranging is "Patience".

It's unfortunate I used GBP pairs during this uncertainty period to backtest the strategy. GBPCAD long and GBPNZD long not moving accordingly.

Here is the chart again.

We are bound to miss some trade setups, however watchful we're. Though I already have some positions running. I miss to share the beginning of the trade of AUDCHF long position. Anyway it's only 4o pips missed. That may not be a problem if it ends in a strong trend. Check the weekly and the daily where they're,. Am not taking it but will be in my journal; and also will note in my journal that I caught the move late.

You would observe that it was not only the last weekly bearish candle that has crossed the middle band. What's the difference now? All the others ( weekly bearish candles ) crossed the middle band, while the daily could not close below lower band. And so the movements were sent back. This week's case is different. You can still do you small home work and see the difference now. It's simple and easy.

I will always continue to advocate us ing the weekly candle to set stop and then lower significantly your lot size. Let will also continue to say that the weekly SL is safer and can withstand a retracement/fluctuation. If you're too picky with SL size and wish to always use tight SL you can. It's your style.

You would observe that the price movement was not trending before the trade setup.

For those who still have questions or have not been satisfied with answers I have given so far, the weekly and the daily have given us opportunity again on EURAUD long. While the weekly is now closing above the middle band the daily has successfully closed above the upper band. you would observe that yesterday could not close above the upper band on the daily. Today's daily bullish candle is doing it now, few hours to the end of today's market close. It's a trade setup base on the strategy. Good luck.

You would observe that the pair was not trending.

Those who were able to catch the AUDUSD short, it's over 370 pips so far. Maybe the current one, EURAUD long would be performing next week. Possibly there will be a retracement. That's the reason getting now on Friday is important.

Yesterday I shared NZDJPY chart. In the chart I said the current price is reacting to the broken support ( now resistance ). This pair is really reacting to it and strongly retracing. It's not the point to close position yet.

Style i see is low lot size. just know the trend and i feel you cannot be going wrong. for example use 0.01 lot size on $100. you will need to be 100 pips wrong before your account closes. so i feel that is the most important. also have a fixed profit you want to make a week don't over do it and get rest too when you can

dont you think that placing trades in this way will return very low rewards in very long period of time?

How?

Yesterday I was asked if I don't think that placing trades in this way will return very low rewards. i was wondering what he means by the statement. What came to my mind was possibly the fact that am short in EURUSD and am long in EURAUD. If the question is related to that it means you have not been following from the beginning. They're not on the same platform, but same strategy. I have seven platforms for the backtesting. Buying EURO and at the same time selling EURO is counterproductive.

The strategy is about catching trending pair at the beginning.

It's good we join thread from the beginning. Otherwise we would not know how the discussion started. I don't do not join half way