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Simple and profitable trading style

  • #1,121
  • Jul 15, 2017 7:37am Jul 15, 2017 7:37am
Goyatrade
I sincerely thank you for drawing my attention to the post
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,122
  • Jul 15, 2017 7:39am Jul 15, 2017 7:39am
Quoting 9jatrader
{quote} I am very sorry for the error. In the post I mean to type AUDUSD, long. Am sorry. That's the reason I often check aand edit.
Its fine, no harm done! I have been studying charts this mrng and also came to conclusion to go long on monday, am learning a lot from this threat, thank you!!
  • #1,123
  • Jul 15, 2017 7:42am Jul 15, 2017 7:42am
Quoting Goyatrade
{quote} Its fine, no harm done! I have been studying charts this mrng and also came to conclusion to go long on monday, am learning a lot from this thread, thank you!!
Thank you
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,124
  • Jul 15, 2017 7:46am Jul 15, 2017 7:46am
Watch out for EURAUD second trade setup with the strategy here. I already have positions based on weak engulfing below resistance. I will place another positions when the weekly and the daily finally made their setup. The profitable strategy is that we maximize the ones that are working. All setups do fail
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,125
  • Jul 15, 2017 7:57am Jul 15, 2017 7:57am
Quoting 9jatrader
Watch out for EURAUD second trade setup with the strategy here. I already have positions based on weak engulfing below resistance. I will place another positions when the weekly and the daily finally made their setup. The profitable strategy is that we maximize the ones that are working. All setups do fail
Thanks, am a bit late on this one! If i was watching the H4 and D1 charts, i could have taken trade already on 12/07 12:00 candle! But i think its still worth a try on monday!!
  • #1,126
  • Jul 15, 2017 8:02am Jul 15, 2017 8:02am
Quoting Goyatrade
{quote} Thanks, am a bit late on this one! If i was watching the H4 and D1 charts, i could have taken trade already on 12/07 12:00 candle! But i think its still worth a try on monday!!
Yea. By having watch list in my journal, I do trap my trades. Watch out for NZDJPY, weekly. It formed doji around the resistance am watching. The breakout would be impressive.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,127
  • Jul 15, 2017 8:04am Jul 15, 2017 8:04am
Stochastic already on overbought region. If it formed stochastic based I will share it in the other thread, and not here
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,128
  • Jul 15, 2017 8:07am Jul 15, 2017 8:07am
Quoting 9jatrader
{quote} Yea. By having watch list in my journal, I do trap my trades. Watch out for NZDJPY, weekly. It formed doji around the resistance am watching. The breakout would be impressive.
Thanks, have it on the watchlist now!
  • #1,129
  • Jul 15, 2017 8:33am Jul 15, 2017 8:33am
Quoting 9jatrader
Just double one of my $500 accounts
BTW!!! Congrats on demo xxxxxx92!!
  • #1,130
  • Jul 15, 2017 10:34am Jul 15, 2017 10:34am
Quoting Goyatrade
{quote} BTW!!! Congrats on demo xxxxxx92!!
Thank you
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,131
  • Jul 15, 2017 11:08am Jul 15, 2017 11:08am
Here is the watch list on my trade journal. Some of the pairs have been analyzed and am already in them
NZDJPY: I have analyzed this
USDCAD: I have said something about this-how I missed it with the strategy here.Weekly stochastic would have also offered me the opportunity when 14th May bearish appears after the price failed to break the resistance and stochs left overbought
GBPCHF: I have said something about this and am already long and I shared the charts- weekly and the daily
EURNZD: There was already setup from resistance, 1.61842. The weekly and the daily is obstructing it with bollinger middle band. Am scared.
EURAUD: Am already in this and have said something about this. I will repeat that this is correlated with AUDCHF. There was a strong bearish engulfing from the resistance level,1.51247 weekly on 28th May and 4th June,2017. We can use the weekly middle band and the daily lower band to join. I will take more positions if it's good.
GBPUSD: I have been in short position since 30th of May. It ended up ranging. The setup was based on the price failure to break resistance when stochs was on overbought. when the resistance is broken as the bulls are fully in charge I will join them
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,132
  • Jul 15, 2017 11:17am Jul 15, 2017 11:17am
Hi,
Can you compare the EURGBP and say AUDUSD. Both of them show the similar property of break D1 Bband and W1 MA (and break W1 Bband also)?
But look like EG is a fail break.
I am trying to digest the method.
Many thanks.
HC
  • #1,133
  • Jul 15, 2017 11:25am Jul 15, 2017 11:25am
Quoting hhchenfx
Hi, Can you compare the EURGBP and say AUDUSD. Both of them show the similar property of break D1 Bband and W1 MA (and break W1 Bband also)? But look like EG is a fail break. I am trying to digest the method. Many thanks. HC
My EG was not based on the strategy here. I said bearish engulfing around resistance, 0.88062 and 0.88042,daily. Maybe I forget to add it because am already short. I will add it, using the weekly middle band and the daily lower band. I join by adding positions
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,134
  • Jul 15, 2017 11:35am Jul 15, 2017 11:35am
Quoting hhchenfx
Hi, Can you compare the EURGBP and say AUDUSD. Both of them show the similar property of break D1 Bband and W1 MA (and break W1 Bband also)? But look like EG is a fail break. I am trying to digest the method. Many thanks. HC
They don't have the same setup. AUDUSD closed above the upper band after along time it did, showing that the bulls are strong to take up. EURGBP is not near lower band for fresh short.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,135
  • Jul 15, 2017 11:38am Jul 15, 2017 11:38am
EG is for short position, while the AUDUSD is for short, even though you see candles on the upper band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,136
  • Jul 15, 2017 11:55am Jul 15, 2017 11:55am
Quoting 9jatrader
EG is for short position, while the AUDUSD is for short, even though you see candles on the upper band
Now i am totally confused!! Refering to your posts 1118 and 1120. does the strategy now say to go long with stoch in overbought or to go short bc of resistance level, on your chart you have a buystop in place??
  • #1,137
  • Jul 15, 2017 12:01pm Jul 15, 2017 12:01pm
Quoting Goyatrade
{quote} Now i am totally confused!! Refering to your posts 1118 and 1120. does the strategy now say to go long with stoch in overbought or to go short bc of resistance level, on your chart you have a buystop in place??
Don't get confused. If you have been in that thread and followed I said in some of my post that when price gets to overbought, and there is a strong and visible resistance, when price breaks the resistance while stochs is still on overbought, yes we join the bulls
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,138
  • Jul 15, 2017 12:06pm Jul 15, 2017 12:06pm
Quoting 9jatrader
AUDUSD finally closed above the upper band after a long time it did, since March, 2016. {image}
This is the post you pointed out. No confusion here
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,139
  • Jul 15, 2017 12:08pm Jul 15, 2017 12:08pm
It means the bulls have higher probability to take it up higher
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,140
  • Jul 15, 2017 12:14pm Jul 15, 2017 12:14pm
Quoting 9jatrader
EG is for short position, while the AUDUSD is for short, even though you see candles on the upper band
Maybe i am seeing things, but how do you explain "while AUDUSD is for short" in this post? Is that not contradict?? Please dont get me wrong, i dont doubt you, i am just trying to understand and learn !
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