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  • #1,141
  • Jul 15, 2017 2:23pm Jul 15, 2017 2:23pm
Quoting Goyatrade
{quote} 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 !
AUDUSD is not for short, but long
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,142
  • Jul 15, 2017 2:31pm Jul 15, 2017 2:31pm
Don't get confused. EURGBP and AUDUSD have nothing in common. It was EG came into the game that the problem sets in. Maybe you read some of the post again- both threads, from the beginning
Make all mistakes in demo and rain in pips in live account
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  • #1,143
  • Jul 15, 2017 2:34pm Jul 15, 2017 2:34pm
Any confusion, don't hesitate to ask. I will not be angry. If you don't ask, market will give bitter lesson
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,144
  • Jul 15, 2017 2:35pm Jul 15, 2017 2:35pm
Quoting 9jatrader
{quote} AUDUSD is not for short, but long
Okay i have it so too! Will watch it on monday and then make a decision, thanks for your patience. Enjoy rest of the weekend!
  • #1,145
  • Jul 15, 2017 2:49pm Jul 15, 2017 2:49pm
I decided to bring EURGBP that's bit bringing confusion. The two candles can't be for bullish trade. They're called pathern-Bearish Engulfing Pathern. When such is formed around strong resistance, it has the high probability to bring the pair down. This is different from the single bullish candle formed above the upper band on AUDUSD. They're completely different. I have three positions here- 4hr early entry and the daily entry
Attached Image (click to enlarge)
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Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,146
  • Jul 15, 2017 2:54pm Jul 15, 2017 2:54pm
No one should hesitate to ask, otherwise we learn from the market
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,147
  • Jul 15, 2017 10:41pm Jul 15, 2017 10:41pm
Quoting 9jatrader
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...
EURGBP is included on using the daily lower band and the weekly middle band.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,148
  • Jul 15, 2017 10:46pm Jul 15, 2017 10:46pm
I will be updating the watch list page. It would really help me also to trap the pair I have been waiting for or to ignore when the setup is not impressive and doubtful
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,149
  • Jul 15, 2017 11:47pm Jul 15, 2017 11:47pm
How can I get profit from that thread?
  • #1,150
  • Jul 16, 2017 12:15am Jul 16, 2017 12:15am
Hi 9J,
I should be clearer in the question.
Clearly, now EG is nothing for a long. What I mean is when we saw a big D1 Bullish candle on 07/11 where it break the 0.886 level.
This is quite similar to the situation we see on AUDUSD right now in the sense that
1. Above W1 MA
2. Above band20 on D1

Again the question is what is the difference between EG on 07/11 and AU 07/14 from this method setup point of view.

(This method, the original one, says nothing about W1 band)

Thanks.
HC
  • #1,151
  • Jul 16, 2017 12:32am Jul 16, 2017 12:32am
Quoting hhchenfx
Hi 9J, I should be clearer in the question. Clearly, now EG is nothing for a long. What I mean is when we saw a big D1 Bullish candle on 07/11 where it break the 0.886 level. This is quite similar to the situation we see on AUDUSD right now in the sense that 1. Above W1 MA 2. Above band20 on D1 Again the question is what is the difference between EG on 07/11 and AU 07/14 from this method setup point of view. (This method, the original one, says nothing about W1 band) Thanks. HC
Now I got what you mean. When such setup is formed even on Monday on AUDUSD when we're already long, it can be scary because of the second bearish candle that just formed
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,152
  • Jul 16, 2017 7:21am Jul 16, 2017 7:21am
I just found a trader who built $30 account to $829.01. I decided to check how he was able to build it. What I discovered from his lot size is in line with what I said some time ago about the lesson i got from Dr. Pipslow ( Pipsychology ) of Babypips. At the beginning of the trades, he started with small lot size. As the account grew he gradually increases the lot size. So great. That has really helped two of my accounts now
Make all mistakes in demo and rain in pips in live account
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  • #1,153
  • Jul 16, 2017 8:09am Jul 16, 2017 8:09am
AUDJPY is also worth watching out for. The breakout would be nice. All the JPY pairs have broken the last daily resistance before retracement. The bulls are too strong now. I will be adding it to my journal watch list
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,154
  • Jul 16, 2017 8:14am Jul 16, 2017 8:14am
The weekly had already broken 86.708, weekly ranging resistance.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,155
  • Edited 8:34am Jul 16, 2017 8:21am | Edited 8:34am
I decided to check why the 15th and 16th February strong Bearish Engulfing pattern was able to crash the pair down, 555 pips on the daily, from 87.995 resistance. I found out that there was already an exhaustion on the daily. How do we know exhaustion? When market shows exhaustion, price moves up and down the Bollinger Middle Band.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,156
  • Jul 16, 2017 8:24am Jul 16, 2017 8:24am
What do we expect this time from tomorrow? It has high probability to break it, for two reasons. Firstly, the weekly has closed above 86.753, weekly ranging resistance, and secondly the weekly has closed above the upper band, though not weakly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,157
  • Jul 16, 2017 8:28am Jul 16, 2017 8:28am
I already have positions when the resistance 86.753 was broken. I closed my short with loss-trading retracement. Bloody
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,158
  • Jul 16, 2017 8:37am Jul 16, 2017 8:37am
Quoting 9jatrader
I decided to check why the 15th and 16th February strong Bearish Engulfing pattern was able to crash the pair down, 555 pips on the daily, from 87.995 resistance. I found out that there was already an exhaustion on the daily. How do we know exhaustion? When market shows exhaustion, price moves up and down the Bollinger Middle Band.
Though less time are less reliable, 1hr and 30min have broken the resistance
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,159
  • Jul 16, 2017 9:57pm Jul 16, 2017 9:57pm
Quoting CharukaHS
How can I get profit from that thread?
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #1,160
  • Jul 16, 2017 10:08pm Jul 16, 2017 10:08pm
GBPJPY is currently retesting nineteen months resistance both the daily and the weekly. On the weekly stochastic is already on overbought region
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
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