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Simple and profitable trading style

  • #1,021
  • Jul 7, 2017 7:19am Jul 7, 2017 7:19am
I decided to remove TP and follow up this time on the weekly
Make all mistakes in demo and rain in pips in live account
  • #1,022
  • Jul 7, 2017 7:20am Jul 7, 2017 7:20am
Stochastic is also on the overbought region
Make all mistakes in demo and rain in pips in live account
  • #1,023
  • Jul 7, 2017 2:51pm Jul 7, 2017 2:51pm
Quoting 9jatrader
{quote} CADJPY is also closing above the upper band, weekly, after a long time, since December, 2016. when bullish candle closes above the upper band after a long time it shows the bullish movement wants to continue.
I previously sent the chart to the other thread
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpyy.png Size: 39 KB
Make all mistakes in demo and rain in pips in live account
  • #1,024
  • Jul 7, 2017 7:23pm Jul 7, 2017 7:23pm
Quoting 9jatrader
{quote} Market is strongly reacting to this strong support I mentioned earlier on Silver. What's happening to silver on fundamental ground? It's forming strong hammer, though having bearish body. We wait till the end of the day before commenting on the silver.
Silver broke the support 15.87. What did you say it going down more or renounce to 17 or more...?
  • #1,025
  • Jul 8, 2017 6:17am Jul 8, 2017 6:17am
Quoting Nahmad554
{quote} Silver broke the support 15.87. What did you say it going down more or renounce to 17 or more...?
When this kind of setup with long shadows is formed it can be scary. It failed to break it nicely and stochastic may leave oversold soon
Make all mistakes in demo and rain in pips in live account
  • #1,026
  • Jul 8, 2017 8:09am Jul 8, 2017 8:09am
Catch CADCHF bullish move with the strategy here. It remains simple
Make all mistakes in demo and rain in pips in live account
  • #1,027
  • Jul 8, 2017 8:10am Jul 8, 2017 8:10am
Quoting 9jatrader
Whatever the outcome of the Demo contest I will be here to share. If they eventually pay when I win Tickmill will be my number one broker.
I'd advice you to increase risk (i.e. position or leverage) if you really want to find yourself in top 10 at the end. Most of traders make over 1000% profit there, I doubt you can compete with conservative strategy. At least you don't lose anything going all-in in your trades.
  • #1,028
  • Jul 8, 2017 8:18am Jul 8, 2017 8:18am
Quoting available
{quote} I'd advice you to increase risk (i.e. position or leverage) if you really want to find yourself in top 10 at the end. Most of traders make over 1000% profit there, I doubt you can compete with conservative strategy. At least you don't lose anything going all-in in your trades.
You're very correct. Two of the platforms I increased lot are doing excellently, $500 ( Leverage 1:200 ) are already $849 and $629. We must know when to increase lot- when we're already in green zone
Make all mistakes in demo and rain in pips in live account
  • #1,029
  • Edited 9:24am Jul 8, 2017 8:58am | Edited 9:24am
Trading psychology is as important as strategy. Just because we have good strategy should not make us to ignore that. Don't increase lot size when you have not taken your account above you initial deposit. And also stay away from overtrading. That's the reason I have many platform for backtest
Make all mistakes in demo and rain in pips in live account
  • #1,030
  • Jul 8, 2017 9:26am Jul 8, 2017 9:26am
Sorry for wrong statement in my last post. I mean to say "ignore" and not "acknowledge". I have corrected it
Make all mistakes in demo and rain in pips in live account
  • #1,031
  • Jul 8, 2017 2:41pm Jul 8, 2017 2:41pm
Quoting 9jatrader
{quote} AUDCAD is closing below the both the lower band and the support I have said something about. I got out of this support when it failed to trend. The interesting is that the weekly is closing below the lower band after a long time, sine 22nd May, 2016. Know that when candle closes below the bollinger lower band after a long time know that it has high probability that it wants to crash. Opposite is the case with bullish trade
The weekly candle had finally closed strongly below the lower band on the weekly chart. CHYJPY, EURJPY, AUDCAD and CADJPY will prove the strategy either right or wrong- closed candle below the lower band after a long time
Make all mistakes in demo and rain in pips in live account
  • #1,032
  • Jul 8, 2017 3:56pm Jul 8, 2017 3:56pm
Quoting available
{quote} I'd advice you to increase risk (i.e. position or leverage) if you really want to find yourself in top 10 at the end. Most of traders make over 1000% profit there, I doubt you can compete with conservative strategy. At least you don't lose anything going all-in in your trades.
Overconfidence, they say, is more dangerous than lack of confidence. They say that with lack of confidence, your trading capital is safe, but overconfidence ...... Forex trading is not about competing with other traders.
Make all mistakes in demo and rain in pips in live account
  • #1,033
  • Jul 8, 2017 3:59pm Jul 8, 2017 3:59pm
If you want to compete with other traders, head on to Tickmil Demo contest.
Make all mistakes in demo and rain in pips in live account
  • #1,034
  • Jul 8, 2017 5:33pm Jul 8, 2017 5:33pm
Any style can be good for us, but we just need to make sure we have proper way towards it. If we are randomly using any system then we are not going to find it working well, therefore, it is vital to go in steady way and figure out any system we want to use completely before bringing it to real. I do exactly that and it helps with brokers allowing demo account as compare to years back, so one can easily work out these things!
  • #1,035
  • Jul 8, 2017 11:17pm Jul 8, 2017 11:17pm
For the purpose of those who PM'ed me and anyone here, the only indicators I use are Bollinger Band, Stochastic and sometimes Fibonacci. i do not have special indicators which one can download. I have always stressed that MT4 already has everything it takes to make anyone profitable. All we need it to spend considerable time with the system and know the good and the bad side, success and failure of it.
Make all mistakes in demo and rain in pips in live account
  • #1,036
  • Jul 8, 2017 11:19pm Jul 8, 2017 11:19pm
About template, upload your MT4 indicator the way you met it. Except you need to change colours
Make all mistakes in demo and rain in pips in live account
  • #1,037
  • Jul 9, 2017 7:48am Jul 9, 2017 7:48am
In reviewing my trades I just found out why I lost in USDCAD bullish trade, entry based on Pinbar/Dragonfly
Make all mistakes in demo and rain in pips in live account
  • #1,038
  • Jul 9, 2017 8:30am Jul 9, 2017 8:30am
The 11th June was closing below the middle band on the weekly chart while the daily, 12th June closed strongly below the lower band. Great movement,over 455 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcadgb.png Size: 41 KB
Click to Enlarge Name: usdcadga.png Size: 36 KB
Make all mistakes in demo and rain in pips in live account
  • #1,039
  • Jul 9, 2017 8:32am Jul 9, 2017 8:32am
There would always be lesson learned in the Forex market. I was taught that it's difficult to reverse newly formed trade setup. USDCAD setup by Pinbar/Dragonfly two days later proved this fact.
Make all mistakes in demo and rain in pips in live account
  • #1,040
  • Jul 9, 2017 4:55pm Jul 9, 2017 4:55pm
Quoting 9jatrader
Catch CADCHF bullish move with the strategy here. It remains simple
I finally decided to join the CADCHF bulls and see how it goes.
Make all mistakes in demo and rain in pips in live account
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