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  • #1,321
  • Aug 17, 2017 1:19pm Aug 17, 2017 1:19pm
So far so good with them
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpybb.png Size: 44 KB
Click to Enlarge Name: gbpchfcc.png Size: 46 KB
Make all mistakes in demo and rain in pips in live account
  • #1,322
  • Aug 18, 2017 12:22am Aug 18, 2017 12:22am
AUDUSD has formed strong bullish consolidation, strong Bullish Engulfing.
Make all mistakes in demo and rain in pips in live account
  • #1,323
  • Aug 18, 2017 12:24am Aug 18, 2017 12:24am
Still expecting same with EU
Make all mistakes in demo and rain in pips in live account
  • #1,324
  • Aug 18, 2017 1:03am Aug 18, 2017 1:03am
Quoting 9jatrader
. 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.
Here was the GBPJPY analyse
Make all mistakes in demo and rain in pips in live account
  • #1,325
  • Aug 18, 2017 1:05am Aug 18, 2017 1:05am
USDJPY facing strong retracement, while still expecting EURNZD and EURJPY to crash down
Make all mistakes in demo and rain in pips in live account
  • #1,326
  • Aug 18, 2017 1:31am Aug 18, 2017 1:31am
AUDUSD
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Make all mistakes in demo and rain in pips in live account
  • #1,327
  • Aug 18, 2017 1:34am Aug 18, 2017 1:34am
Not just because of the daily strong setup, but the monthly I shared sometime ago when the monthly closed above the upper band after a long time
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Click to Enlarge Name: audusdhh.png Size: 42 KB
Make all mistakes in demo and rain in pips in live account
  • #1,328
  • Aug 18, 2017 1:35am Aug 18, 2017 1:35am
It takes longer time for the longer time setup to work
Make all mistakes in demo and rain in pips in live account
  • #1,329
  • Aug 18, 2017 2:31am Aug 18, 2017 2:31am
Quoting 9jatrader
It takes longer time for the longer time setup to work
GM, what do you think of the setup forming on GBPUSD weekly/ daily timeframes??
  • #1,330
  • Aug 18, 2017 8:37am Aug 18, 2017 8:37am
Quoting 9jatrader
AUDUSD has formed strong bullish consolidation, strong Bullish Engulfing.
Hi 9ja, its nice for a change to have 5x trades running in plus, but i do have a Q!! How do you apply your TP?? I am working on the D/H4 principle. When do you bring your SL closer?? Thanks for your time!!
  • #1,331
  • Aug 18, 2017 11:36am Aug 18, 2017 11:36am
i am still confused on how to place stop loss and how to determine where take profit to be placed.though i understand entry point is when there is a breakout on the daily/weekly is closing or closed above the middle band and 4hr/daily closed above the upper band.but i have few question to as: i want to know where stop loss is to be place.
(1)Do i place it below the candle that break the daily/weekly that is closing or closed above the middle band or where ?
(2) how do i determine take profit as well.
  • #1,332
  • Aug 18, 2017 1:36pm Aug 18, 2017 1:36pm
Quoting Goyatrade
{quote} GM, what do you think of the setup forming on GBPUSD weekly/ daily timeframes??
Yea, I have been in this pair since 23rd, May. It was based on stochastic, weekly price to break resistance. It's gradually moving now
Make all mistakes in demo and rain in pips in live account
  • #1,333
  • Aug 18, 2017 2:30pm Aug 18, 2017 2:30pm
Quoting 9jatrader
{quote} Yea, I have been in this pair since 23rd, May. It was based on stochastic, weekly price to break resistance. It's gradually moving now
So would you say the bias is short, acc to the W/D1 method? I will watch it closely on Monday!! Have a nice weekend!!
  • #1,334
  • Aug 18, 2017 3:28pm Aug 18, 2017 3:28pm
Quoting 9jatrader
It takes longer time for the longer time setup to work
i am still confused on how to place stop loss and how to determine where take profit to be placed.though i understand entry point is when there is a breakout on the daily/weekly is closing or closed above the middle band and 4hr/daily closed above the upper band.but i have few question to as: i want to know where stop loss is to be place.
(1)Do i place it below the candle that break the daily/weekly that is closing or closed above the middle band or where ?
(2) how do i determine take profit as well.
  • #1,335
  • Aug 18, 2017 8:35pm Aug 18, 2017 8:35pm
Quoting 9jatrader
AUDUSD has formed strong bullish consolidation, strong Bullish Engulfing.
Hi 9jatrader. I have been watching your thread with interest. I made some bad moves and now I have to cool off a bit. Indeed, it takes a long time to find a good entry especially on these long time frames. Looking at your last example, AUDUSD, are you going to wait for the candle on the daily TF to close on the upper band? This might take a while...at least 1 week or so. Once it closes on the upper band, I noticed there will be some retracement...that's what killing my position. I'm thinking maybe I just place a pending order 30-40 pips under the PA for a long position.
  • #1,336
  • Aug 19, 2017 1:02am Aug 19, 2017 1:02am
Quoting Goyatrade
{quote} Hi 9ja, its nice for a change to have 5x trades running in plus, but i do have a Q!! How do you apply your TP?? I am working on the D/H4 principle. When do you bring your SL closer?? Thanks for your time!!
About having five positions or rather more than one position may not be our focus. Probably you're referring to my five positions in one of platforms. If it is, I have built the account from $500 to about $1200 before I added the last position- USDJPY long. We should not do that when our account is still struggling to build up from initial deposit. I also gradually increased lot size. Initially I was taking 0.02. Now I focus on 0.04 and 0.05. What I mean is this, when your account is being built up, stay with small lot and one position so that you would be able to manage the loss.
About TP I sometimes get out of my bullish positions, using the visible and last resistance as TP. Sometimes opposite setup is formed before my TP. In that case I will get. The recent one was GBPCHF,long and GBPJPY long . I adjusted my TP when the short positions were formed on the pairs. I hared then either here or the other thread

I hardly move my SL. This is to enable my trades to have breathing space. Some move SL as soon as the trades move in their direction. You could see the negative side of moving SL in the recent USDJPY. Good setup was made with the pinbar. It moved up and rejected the upper band. Came bact to the position of the previous setup and the made another setup on the support again. If I have move the SL I would have been out now. Am still in it
Make all mistakes in demo and rain in pips in live account
  • #1,337
  • Aug 19, 2017 1:19am Aug 19, 2017 1:19am
Quoting dkarev
{quote} i am still confused on how to place stop loss and how to determine where take profit to be placed.though i understand entry point is when there is a breakout on the daily/weekly is closing or closed above the middle band and 4hr/daily closed above the upper band.but i have few question to as: i want to know where stop loss is to be place. (1)Do i place it below the candle that break the daily/weekly that is closing or closed above the middle band or where ? (2) how do i determine take profit as well.
1.When yo enter bullish positions, place your sl little below the bullish candle that formed the setup. If the sl is too wide because of the bullish candle that formed the setup, reduce you lot size
2. My take profit sometimes below resistance, for bullish positions or below strong and visible support for short positions.
In spite of this strategy of take profit we must be ready to adjust our expectation when the opposite trade setup is formed before our take profit. I will have charts to show what I mean on GBPJPY long and GBPCHF long. I was still long when the short trade setup formed before mt take profit. And so have to close my long and enter short
Make all mistakes in demo and rain in pips in live account
  • #1,338
  • Aug 19, 2017 1:23am Aug 19, 2017 1:23am
Here are the charts. My target for bullish positions were beyond the where the short positions formed. I have to close my long positions
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpjpyww1.png Size: 44 KB
Make all mistakes in demo and rain in pips in live account
  • #1,339
  • Aug 19, 2017 2:14am Aug 19, 2017 2:14am
Quoting emadmax001
{quote} Hi 9jatrader. I have been watching your thread with interest. I made some bad moves and now I have to cool off a bit. Indeed, it takes a long time to find a good entry especially on these long time frames. Looking at your last example, AUDUSD, are you going to wait for the candle on the daily TF to close on the upper band? This might take a while...at least 1 week or so. Once it closes on the upper band, I noticed there will be some retracement...that's what killing my position. I'm thinking maybe I just place a pending order...
Am already in the AUDUSD. It was not based on the main strategy here of using the weekly middle band and daily upper/lower band. It was based on strong Bullish Engulfing Pattern on daily, 15th and 16th. I enter with other strategy and when I do and share it here always indicate it. For example USDJPY long was based on pinbar on strong support. I cannot have many threads on the other strategies
Make all mistakes in demo and rain in pips in live account
  • #1,340
  • Aug 19, 2017 2:17am Aug 19, 2017 2:17am
Quoting Goyatrade
{quote} So would you say the bias is short, acc to the W/D1 method? I will watch it closely on Monday!! Have a nice weekend!!
Yea, it has bearish bias. Monitor another bearish candle that can close below the lower band
Make all mistakes in demo and rain in pips in live account
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