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Simple and profitable trading style

  • #1,281
  • Aug 2, 2017 3:39pm Aug 2, 2017 3:39pm
The reason for backtesting/backchecking is gradually doing the job- catching a trend with micro account
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,282
  • Aug 2, 2017 10:59pm Aug 2, 2017 10:59pm
Yes, simple works for me too.
Started with a new manual system.one indicator and a few ma's. 90 trades so far. Small account size. % is in the 90's. PF is north of 14. When I have +500 trades I'll publish my stats/graph of mt4 platform.
Index Planets
  • #1,283
  • Edited 11:36pm Aug 2, 2017 11:25pm | Edited 11:36pm
Quoting Hit
Yes, simple works for me too. Started with a new manual system.one indicator and a few ma's. 90 trades so far. Small account size. % is in the 90's. PF is north of 14. When I have +500 trades I'll publish my stats/graph of mt4 platform.
Good luck mate
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,284
  • Aug 2, 2017 11:34pm Aug 2, 2017 11:34pm
If the first one is using the daily middle band and 4hr upper for early entry works, the second setup would be waited for- using the weekly middle band and daily upper band. Who knows stochastic can help to make another setup. Time will tell

What I mean is that USDCAD could form more than two trade setups
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,285
  • Aug 3, 2017 6:57am Aug 3, 2017 6:57am
Quoting 9jatrader
{quote} After it triggered my SL it found support again, while stochastic is leaving oversold {quote} This is what happened with GBPCHF. The SL was triggered. Then I have to wait for lower band rejection to get in again. Stochastic has added more confidence now Same thing happened with USDJPY I shared and how/when the SL was triggered. It retraced and during lower band rejection formed Pinbar/Dragonfly. I have to get in again. For those who have been on this thread already knew the reason I do get in again. For the purpose of those who are new to...
GBPCHF has made second trade setup based on the strategy here. The first one was returned and triggered my SL. I got in again using the lower band rejection. The weekly closed above the middle band, while the daily closed above the upper band again. The interesting thing now is that it has broken the resistance that returned the first setup. {image}[/quote]

GBPCHF is scared of hitting my 500 pips target. I hope to close at the end of the day manually. Little above 300 pips not bad

Finally am out of GBPCHF. We need to adjust our bias.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,286
  • Aug 3, 2017 10:40am Aug 3, 2017 10:40am
How far will the setup below 1.28589 go; stochastic signal already crossed each other. If it can go below the 80 mark, I might jump in and join the bears
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,287
  • Aug 4, 2017 3:27pm Aug 4, 2017 3:27pm
Quoting 9jatrader
If the first one is using the daily middle band and 4hr upper for early entry works, the second setup would be waited for- using the weekly middle band and daily upper band. Who knows stochastic can help to make another setup. Time will tell What I mean is that USDCAD could form more than two trade setups
USDCAD has given earlier entry as I expected on the daily middle band and 4hr upper band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,288
  • Aug 4, 2017 3:33pm Aug 4, 2017 3:33pm
One of the additional great information on the chart is that the weekly is forming strong Bullish Engulfing, supported by lower band break out. Also from a strong support level, 1.24807 that failed to be broken since June 2015. It failed to break it while stochastic still remain on the oversold region.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,289
  • Aug 4, 2017 3:45pm Aug 4, 2017 3:45pm
We have long journey up the top of the mountain to climb. Though I missed the 4hr entry, I set a buy stop order on the daily. If I place it now, less than a hour before market close, when market finally closes today I will have negative swap. Am learning everyday from the market.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,290
  • Aug 4, 2017 9:37pm Aug 4, 2017 9:37pm
EURCAD potential short entry for next week. If he completes BC leg should be able to collect some good pips to the long entry zone which is a bounce off the inner trend line. Always open to thoughts and feedback.
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  • #1,291
  • Aug 5, 2017 4:32pm Aug 5, 2017 4:32pm
Quoting 9jatrader
{quote} Additional information on the GBPJPY chart is that this resistance had failed to be broken since December 2016
Patience, patience, patience. It's gradually crashing now.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,292
  • Aug 5, 2017 4:37pm Aug 5, 2017 4:37pm
Forex demands great deal of patience. Still waiting for GBPUSD, short to move since May- same strategy on stochastic, so funny
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,293
  • Aug 5, 2017 4:46pm Aug 5, 2017 4:46pm
Quoting 9jatrader
Am already short in another platform GBPJPY At least 770 pips to 1066 pips down the road. Positive points line up for the short setup. Firstly, price failed to break 147.864 resistance while stochastic was on overbought region. The main and signal had crossed each other and left overbought. Secondly, last candle was shooting star below the resistance.
I wish to bring the analyses again on GBPJPY short. GBPCHF making same setup on the daily
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,294
  • Aug 5, 2017 11:29pm Aug 5, 2017 11:29pm
There seems to be great JPY strength for the week ahead in most of the JPY pairs. If only I could catch their earlier movement on the 4hr.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,295
  • Aug 5, 2017 11:35pm Aug 5, 2017 11:35pm
Just used 4hr for the last analyses. Hope to catch some of them.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,296
  • Aug 5, 2017 11:36pm Aug 5, 2017 11:36pm
I have been short on GBPJPY and will not take more position on it.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,297
  • Aug 5, 2017 11:44pm Aug 5, 2017 11:44pm
The strategy I wish to say remains using the daily middle band and 4hr lower band. When using the method don't be too tight with SL, otherwise it gets too easily triggered even when you're right. Just as using the weekly candle to set SL when using the weekly and the daily, so in using the daily and 4hr, the above the high price of the daily that combine to make the setup should be used for SL. Opposite is the case for bullish trade setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,298
  • Aug 5, 2017 11:46pm Aug 5, 2017 11:46pm
It remains simple, Forex is a difficult business. And yet we would could be wrong and our SL triggered even if we have done everything possible for great trade. Forex remains risky.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,299
  • Aug 8, 2017 8:19am Aug 8, 2017 8:19am
When price is over extended, no signal can be can be trusted. Am out of NZDJPY and NZDUSD long
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,300
  • Aug 8, 2017 8:28am Aug 8, 2017 8:28am
Watch out for AUDCAD long based on the strategy here. I have in long position.Hope the second trade setups helps me to hold on
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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