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Simple and profitable trading style

  • #941
  • Jul 2, 2017 3:55am Jul 2, 2017 3:55am
9jatrader,
GM, i am learning from you and other BB traders and am studying charts today.
If you have time to look at AUDUSD, do you think it is too late to jump on the train?? Demo acc!!
Would like your opinion.
Thanks!!
  • #942
  • Jul 2, 2017 7:58am Jul 2, 2017 7:58am
For resistance I use the both the high and close price; while for support I use both the low and the close price. This enables me to know the ones the price respond to.

Can you give an example on a chart? showing also the timeframe you use?

Regards
  • #943
  • Jul 2, 2017 8:24am Jul 2, 2017 8:24am
Earlroy63, Hi, was this post meant for me as answer to my Q??? or maybe meant for another member??
  • #944
  • Jul 2, 2017 11:45am Jul 2, 2017 11:45am
Quoting Goyatrade
9jatrader, GM, i am learning from you and other BB traders and am studying charts today. If you have time to look at AUDUSD, do you think it is too late to jump on the train?? Demo acc!! Would like your opinion. Thanks!!
It maybe risky to get in on both the weekly and the daily. No bullish candle has been able to close above the blue line- resistance since 13th, March, 2016
Attached Image (click to enlarge)
Click to Enlarge Name: audusdf.png Size: 46 KB
Make all mistakes in demo and rain in pips in live account
  • #945
  • Jul 2, 2017 11:49am Jul 2, 2017 11:49am
I have been in bearish position since 2nd February, 2017 below the resistance. It made over 230 pips and is retracing. It was based on stochastic
Make all mistakes in demo and rain in pips in live account
  • #946
  • Jul 2, 2017 11:55am Jul 2, 2017 11:55am
Quoting earlroy63
For resistance I use the both the high and close price; while for support I use both the low and the close price. This enables me to know the ones the price respond to. Can you give an example on a chart? showing also the timeframe you use? Regards
This is the weekly I just shared on AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: audusdg.png Size: 48 KB
Make all mistakes in demo and rain in pips in live account
  • #947
  • Jul 2, 2017 11:58am Jul 2, 2017 11:58am
Thanks for the reply. That is the advantage of a trained eye, i only saw the movement above the BB middle line and not the resistance!! Thanks again, i am patiently learning more!! Would appreciate any recommendations.
Wish you a good week/month!!
  • #948
  • Jul 2, 2017 12:21pm Jul 2, 2017 12:21pm
Quoting Goyatrade
9jatrader, GM, i am learning from you and other BB traders and am studying charts today. If you have time to look at AUDUSD, do you think it is too late to jump on the train?? Demo acc!! Would like your opinion. Thanks!!
More info on this pair is that the daily formed doji candle on Friday below the resistance I have noted.
Make all mistakes in demo and rain in pips in live account
  • #949
  • Jul 2, 2017 2:24pm Jul 2, 2017 2:24pm
GBPCHF on the move. There was already a strong Piercing Line on the 12th and 13 June, right from support. The weekly MB and the daily upper band may signal second chance
Make all mistakes in demo and rain in pips in live account
  • #950
  • Jul 2, 2017 2:25pm Jul 2, 2017 2:25pm
Next resistance, over 500 pips away
Make all mistakes in demo and rain in pips in live account
  • #951
  • Jul 2, 2017 2:42pm Jul 2, 2017 2:42pm
GBPCHF is negatively correlated with EURGBP. Am already bearish is EURGBP. I don not trade correlation, except placing and backtesting the setup on another platform.
Make all mistakes in demo and rain in pips in live account
  • #952
  • Jul 2, 2017 3:22pm Jul 2, 2017 3:22pm
When time permits I wish to have "Watch list" on both threads. This will enable me to always track all the setups down
Make all mistakes in demo and rain in pips in live account
  • #953
  • Jul 2, 2017 3:39pm Jul 2, 2017 3:39pm
For those who love 4hrs and wish to have small SL and small TP, this strategy works in it. You can check your chart yourself. That's using the daily middle band and 4hrs upper/lower bands
Make all mistakes in demo and rain in pips in live account
  • #954
  • Jul 2, 2017 7:38pm Jul 2, 2017 7:38pm
Is this resistance zone correct?
Attached Image (click to enlarge)
Click to Enlarge Name: gu_weekly_001.png Size: 39 KB
  • #955
  • Jul 2, 2017 9:05pm Jul 2, 2017 9:05pm
In the markets students often make money and masters go usually broke.
Special one
  • #956
  • Jul 2, 2017 10:12pm Jul 2, 2017 10:12pm
Quoting earlroy63
Is this resistance zone correct? {image}
It's not so visible and market has not really reacted to it. When we have any support/resistance we would not be able to know whether it's valid or not, until price reacts to it
Make all mistakes in demo and rain in pips in live account
  • #957
  • Jul 3, 2017 7:12am Jul 3, 2017 7:12am
Quoting Goyatrade
Thanks for the reply. That is the advantage of a trained eye, i only saw the movement above the BB middle line and not the resistance!! Thanks again, i am patiently learning more!! Would appreciate any recommendations. Wish you a good week/month!!
Thank you too for joining us here.
Make all mistakes in demo and rain in pips in live account
  • #958
  • Jul 3, 2017 7:42am Jul 3, 2017 7:42am
USDCAD daily stochastic already on oversold region. The setup will be shared in the other thread when it breaks the support.
Make all mistakes in demo and rain in pips in live account
  • #959
  • Jul 3, 2017 8:08am Jul 3, 2017 8:08am
EURNZD already strong on the weekly. Hope to get where to short it after retracement
Make all mistakes in demo and rain in pips in live account
  • #960
  • Jul 3, 2017 12:29pm Jul 3, 2017 12:29pm
Quoting 9jatrader
USDCAD daily stochastic already on oversold region. The setup will be shared in the other thread when it breaks the support.
You are often talking abour the other thread? May i also join there??
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