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Simple and profitable trading style

  • #1,301
  • Aug 8, 2017 8:59am Aug 8, 2017 8:59am
For those who are new to the thread what we do here is using the weekly middle band and the daily upper/lower band to trap movement. You would observe that the weekly is moving towards the middle band while the daily is moving towards the upper band for those who are not already in. This can also be used on daily middle band and 4hr upper/lower band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,302
  • Edited Aug 9, 2017 1:47am Aug 8, 2017 9:02am | Edited Aug 9, 2017 1:47am
The last entry based on the strategy had been EURCAD and USDCAD ( 4hr )

They're both working and so decided to enter GBPCHF and NZDJPY short, both on 4hr with the strategy
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,303
  • Aug 8, 2017 9:06am Aug 8, 2017 9:06am
Quoting 9jatrader
The last entry based on the strategy had been EURCAD and USDCAD ( 4hr )
I mean long positions on both. They're still open
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,304
  • Edited 3:57am Aug 9, 2017 3:27am | Edited 3:57am
The following pairs am currently using for 4hr-USDCAD, long; ( GBPCHF, NZDJPY, CADCHF, AUDJPY,and AUDCHF ) short.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,305
  • Aug 9, 2017 3:37am Aug 9, 2017 3:37am
The strategy on the 4hr remains the same as the weekly/daily. If there is a signal on the daily, example Bearish Engulfing Pattern, 4hr would give early signal when the daily closed/closing below middle band and the 4hr closed below the lower band.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,306
  • Aug 9, 2017 3:41am Aug 9, 2017 3:41am
As I have always said when market trends strong- uptrend, we cannot use the method to go bearish, unless there is exhaustion/sideways following the uptrend. Opposite is the case for downtrend. When downtrend had been strong we cannot use it to go bullish. Going against strong trend is deadly to account
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,307
  • Aug 9, 2017 3:43am Aug 9, 2017 3:43am
We have nothing to loose when backtesting
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,308
  • Aug 9, 2017 5:19am Aug 9, 2017 5:19am
For me, success is trading small amounts, making base hits, chipping away. Sometimes I get tricked and buy when my indicator is overbought. (sob). I'm a scalper, but has my best trade at +3% the other day. 'Letting 'em run' is my major task to improve. So far, I'm at +100 trades, at 89% wins, and +27% ROI.
Index Planets
  • #1,309
  • Aug 9, 2017 3:27pm Aug 9, 2017 3:27pm
Quoting Hit
For me, success is trading small amounts, making base hits, chipping away. Sometimes I get tricked and buy when my indicator is overbought. (sob). I'm a scalper, but has my best trade at +3% the other day. 'Letting 'em run' is my major task to improve. So far, I'm at +100 trades, at 89% wins, and +27% ROI.
Good luck. Your equity really great
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,310
  • Aug 10, 2017 8:08am Aug 10, 2017 8:08am
AUDNZD is closing again above the upper band after strong retracement. TP still ahead
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,311
  • Aug 10, 2017 12:13pm Aug 10, 2017 12:13pm
I don’t get into simple or difficult trading style, I only prefer to go with one that is comfortable for me and I believe that’s what we all need. I always work with very simple approach and so far, it has helped me gain fairly well and has allowed me to make profits with ease. So, we should always back ourself and play it in very straight forward way, it’s what will help us with making money.
  • #1,312
  • Aug 10, 2017 3:02pm Aug 10, 2017 3:02pm
Quoting BonyAmin
I dont get into simple or difficult trading style, I only prefer to go with one that is comfortable for me and I believe thats what we all need. I always work with very simple approach and so far, it has helped me gain fairly well and has allowed me to make profits with ease. So, we should always back ourself and play it in very straight forward way, its what will help us with making money.
Good luck. Stay with strategy that's working well for you
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,313
  • Aug 10, 2017 3:10pm Aug 10, 2017 3:10pm
Quoting 9jatrader
The following pairs am currently using for 4hr-USDCAD, long; ( GBPCHF, NZDJPY, CADCHF, AUDJPY,and AUDCHF ) short.
It's interesting to me now that 4hr gives earlier entry. They're still going well. GBPJPY also dipping deep accordingly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,314
  • Aug 11, 2017 12:43pm Aug 11, 2017 12:43pm
EURNZD retesting strong resistance that had not been broken since June, 2016. Time will tell how it would finally react
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,315
  • Aug 11, 2017 1:27pm Aug 11, 2017 1:27pm
CURRENT WATCH LIST: USDJPY and EURNZD

USDJPY: Price is currently retesting support level, 108.348-108.826. But if I were to refer to 4hr for early setup, 4hr failed to break the support level while it's stochastic was on oversold region. The main and signal had separated and left oversold region. Through the day it has been forming Doji Candlestick.

EURNZD: Price is retesting strong resistance, 1.61819 not broken since June 2016. The daily is forming Doji with bearish body below the resistance while on 4hr price failed to break the resistance while stochastic was on overbought region.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,316
  • Aug 13, 2017 11:42am Aug 13, 2017 11:42am
Quoting 9jatrader
CURRENT WATCH LIST: USDJPY and EURNZD USDJPY: Price is currently retesting support level, 108.348-108.826. But if I were to refer to 4hr for early setup, 4hr failed to break the support level while it's stochastic was on oversold region. The main and signal had separated and left oversold region. Through the day it has been forming Doji Candlestick. EURNZD: Price is retesting strong resistance, 1.61819 not broken since June 2016. The daily is forming Doji with bearish body below the resistance while on 4hr price failed to break the resistance while...
I would say that USDJPY closed fairly well both on the 4hr and daily
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,317
  • Aug 13, 2017 11:49am Aug 13, 2017 11:49am
While 4hr closed with small hammer, with bullish body right above the support I have referred to, daily was able to close with Pinbar, though had small upper shadow
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,318
  • Aug 13, 2017 11:52am Aug 13, 2017 11:52am
Additional info is the fact that stochastic has left oversold while the hammer was formed on the 4hr
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,319
  • Aug 13, 2017 5:29pm Aug 13, 2017 5:29pm
I decided to join the Bulls ( USDJPY ) and Bears ( EURNZD ). It's all about strategy/backtest. Only market will finally decide if am right or wrong
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,320
  • Aug 15, 2017 4:45pm Aug 15, 2017 4:45pm
Quoting 9jatrader
I decided to join the Bulls ( USDJPY ) and Bears ( EURNZD ). It's all about strategy/backtest. Only market will finally decide if am right or wrong
USDJPY has made second trade setup on 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%
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