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  • #1,221
  • Jul 27, 2017 1:42pm Jul 27, 2017 1:42pm
Less than two days to weekly close it's forming strong Dragonfly/Pinbar. This is supported by strong lower band breakout additional information about this pair is the fact that it failed to break the support I said before and the main and the signal already crossed and are are leaving the oversold region. Will I take it?. Yea. My SL would be below the support, at least am protected by the support line, in case it comes to retest it
Make all mistakes in demo and rain in pips in live account
  • #1,222
  • Jul 27, 2017 1:50pm Jul 27, 2017 1:50pm
Please in case I don't share the chart during analyses don't be offended. I trade over twenty pairs and I can't share all the charts.
Make all mistakes in demo and rain in pips in live account
  • #1,223
  • Jul 27, 2017 2:17pm Jul 27, 2017 2:17pm
We have over 1100 pips up the road, if we're patient enough
Make all mistakes in demo and rain in pips in live account
  • #1,224
  • Jul 27, 2017 2:21pm Jul 27, 2017 2:21pm
It's all about strategy, not profit or loss. It's one of my entry point- Bullish Engulfing Pattern around/on strong support- still on USDCAD long entry.
Make all mistakes in demo and rain in pips in live account
  • #1,225
  • Jul 27, 2017 5:16pm Jul 27, 2017 5:16pm
Quoting hhchenfx
Hi, What do you think about the CADCHF, the Buy is similar to your method. I quite over-traded it and not quite sure where to get out or Stoploss should be. Any discussion. HC {image}
Now I can see clearly what you mean- overtrading. This practice is too bad. Get in early and hold your positions. The reason why it's bad is that during retracement, some sl may be triggered.
Make all mistakes in demo and rain in pips in live account
  • #1,226
  • Jul 27, 2017 5:17pm Jul 27, 2017 5:17pm
Greed is part of the game and we have to be extra careful
Make all mistakes in demo and rain in pips in live account
  • #1,227
  • Jul 27, 2017 5:26pm Jul 27, 2017 5:26pm
Even with GBPCHF making another trade setup, there is no reason to get in the second time ( weekly middle band and the daily upper band strategy ) if one is already in it, using the lower band rejection. This is because we never can tell whether the second setup would retrace again.
Make all mistakes in demo and rain in pips in live account
  • #1,228
  • Jul 27, 2017 10:46pm Jul 27, 2017 10:46pm
Quoting hhchenfx
Hi, What do you think about the CADCHF, the Buy is similar to your method. I quite over-traded it and not quite sure where to get out or Stoploss should be. Any discussion. HC {image}
Hi HC,
Am making a change in my decision. Am closing my long position. It's right below November, 2015 strong resistance, 0.77377. It has failed to be broken since then. 230 pips not bad even for swing traders. We need adjustment in this business
Make all mistakes in demo and rain in pips in live account
  • #1,229
  • Jul 27, 2017 10:55pm Jul 27, 2017 10:55pm
HC, here is the chart; I will as well close my EURCAD short that refused to move all these while, since my entry
Attached Image (click to enlarge)
Click to Enlarge Name: cadchfvv.png Size: 54 KB
Make all mistakes in demo and rain in pips in live account
  • #1,230
  • Jul 27, 2017 11:04pm Jul 27, 2017 11:04pm
There are two possible movements here. We might see sideways movement before any setup around the resistance zone or secondly strong short setup. Weekly stochastic main and the signal already crossed. They might leave the overbought region. Hopefully am expecting short trade.
Make all mistakes in demo and rain in pips in live account
  • #1,231
  • Jul 27, 2017 11:10pm Jul 27, 2017 11:10pm
Quoting 9jatrader
The AUDCHF weekly is closing above the middle band and the daily strongly closing above the upper band, the strategy here.
AUDCHF just triggered my TP, 240 pips, not too bad
Make all mistakes in demo and rain in pips in live account
  • #1,232
  • Jul 27, 2017 11:25pm Jul 27, 2017 11:25pm
I lost in the CADCHF correlated pair, EURCAD. I have got into long using 4hr. The daily is moving out of the middle band while the 4hr is already closing above the upper band, EURCAD. I have said in my previous post that the strategy is great for 4hr trading, for those who love 4hr. I will recover what I lost in the same pair
Make all mistakes in demo and rain in pips in live account
  • #1,233
  • Jul 28, 2017 8:33am Jul 28, 2017 8:33am
Hi...9jatrader..i comefrom indonesia. Nice to see u all.
According to ur strategy, usdcad looks like to continue the downtren....whats ur opinion?
  • #1,234
  • Jul 28, 2017 8:39am Jul 28, 2017 8:39am
Quoting 9jatrader
It's all about strategy, not profit or loss. It's one of my entry point- Bullish Engulfing Pattern around/on strong support- still on USDCAD long entry.
What's ur mean of this statement, bro? Do u mean u r waiting for bullish engulfing pattern to make entry point or its already appear bullish engulfing pattern on chart?
  • #1,235
  • Jul 28, 2017 8:54am Jul 28, 2017 8:54am
Quoting Michaelll
{quote} What's ur mean of this statement, bro? Do u mean u r waiting for bullish engulfing pattern to make entry point or its already appear bullish engulfing pattern on chart?
It has already formed, yesterday
Make all mistakes in demo and rain in pips in live account
  • #1,236
  • Jul 28, 2017 9:04am Jul 28, 2017 9:04am
Quoting Michaelll
Hi...9jatrader..i comefrom indonesia. Nice to see u all. According to ur strategy, usdcad looks like to continue the downtren....whats ur opinion?
The bears are brazing up to take it up
Make all mistakes in demo and rain in pips in live account
  • #1,237
  • Jul 28, 2017 9:08am Jul 28, 2017 9:08am
Quoting 9jatrader
{quote} I have been in the position since with the strategy. I would advise you hold on if you have been also. Stochastic is already on overbought region on the weekly and it's breaking the the November, 2015 resistance. Am still holding on to my positions {image}
CADCHF is breaking strong the resistance, after I closed my position
Make all mistakes in demo and rain in pips in live account
  • #1,238
  • Jul 28, 2017 9:43am Jul 28, 2017 9:43am
Quoting 9jatrader
{quote} It has already formed, yesterday
So, is this a good time to open buy position?
  • #1,239
  • Jul 28, 2017 10:46am Jul 28, 2017 10:46am
Quoting 9jatrader
{quote} It has already formed, yesterday
Parden me before, correct me if i wrong.
If we see details, its similar look like bullish engulfing but i think i didnt because bullish candle open higher than bearish close, it should be bullish candel open lower than bearish closed.
  • #1,240
  • Jul 28, 2017 11:55am Jul 28, 2017 11:55am
I added more to CADCHF after CAD GDP data well beat the forecast.
I wish I understand the dynamics better so I can have the confident to add more to my position (0.2 instead of 0.03).
I know we are technical in this thread but the only thing that keep me confident adding more is fundamental that is so accommodating long trade.
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