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Simple and profitable trading style

  • #1,341
  • Aug 19, 2017 8:08am Aug 19, 2017 8:08am
I am trying to find better entry setups - what do you think about EURCAD 9ja? On daily, it will close under the middle band. On the 4hr, it is retracing and probably will touch the middle band before resuming the trend down. The vertical purple line marks the signal D1 candle.
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  • #1,342
  • Aug 19, 2017 8:14am Aug 19, 2017 8:14am
same idea with CHFJPY
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  • #1,343
  • Aug 19, 2017 8:41am Aug 19, 2017 8:41am
On this one we should enter right away: (vertical red line marks the signal D1 candle)
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  • #1,344
  • Aug 19, 2017 9:07am Aug 19, 2017 9:07am
Quoting emadmax001
I am trying to find better entry setups - what do you think about EURCAD 9ja? On daily, it will close under the middle band. On the 4hr, it is retracing and probably will touch the middle band before resuming the trend down. The vertical purple line marks the signal D1 candle. {image}
Am bullish and it's not moving. I do not see fresh setup here. No one can tell the direction now. For 4hr it may be good for small profit
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,345
  • Aug 19, 2017 9:15am Aug 19, 2017 9:15am
Quoting emadmax001
same idea with CHFJPY {image}
Since I shared CHFJPY short, using daily middle band and 4hr lower band it's already over 300 pips now.It's too late now. I might be wrong, but will not recommend bearish movement for anyone. Check from 26th, July and see how it was down since
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,346
  • Aug 19, 2017 9:17am Aug 19, 2017 9:17am
Quoting emadmax001
On this one we should enter right away: (vertical red line marks the signal D1 candle) {image}
I do not trade EURCHF- so funny pair possibly because of the strong correlation of EURO and CHF.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,347
  • Aug 19, 2017 9:21am Aug 19, 2017 9:21am
The only pair I can see now is USDJPY, daily and 4hr. For 4hr one can place buy stop order above the open price of the last bearish candle. Happy weekend
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,348
  • Aug 19, 2017 12:12pm Aug 19, 2017 12:12pm
I must add also that stochastic had been really helping me to exit at the right time. When bearish engulfing is formed and stochastic main and signal crossed each other and left overbought I close my long as the last GBPCHF long
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,349
  • Aug 19, 2017 12:18pm Aug 19, 2017 12:18pm
Hello, im sorry to post here but i could not stop myself from posting this result of EA trading, started the account with 5250$ on 25.5.2017 and final result as on 18.8.2017 is 90000$ in profit. withdrawal of 69000$ also attaching the report of trading.
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  • #1,350
  • Edited 7:54am Aug 20, 2017 7:41am | Edited 7:54am
Quoting wellwisher33
Hello, im sorry to post here but i could not stop myself from posting this result of EA trading, started the account with 5250$ on 25.5.2017 and final result as on 18.8.2017 is 90000$ in profit. withdrawal of 69000$ also attaching the report of trading. {image} {image} {image} {image} {image}
You don't need to be sorry. Any successful traders can be celebrated here. I believe MT4 has everything for successful trading
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,351
  • Aug 22, 2017 1:58pm Aug 22, 2017 1:58pm
Quoting 9jatrader
The only pair I can see now is USDJPY, daily and 4hr. For 4hr one can place buy stop order above the open price of the last bearish candle. Happy weekend
i dont understand why you mention this pair as a trading opportunity,the only entry on this pair from daily/4hr is on the 15th aug. and if one has taking the trade stop loss will have being hit on the 17th aug,so i kinda wondered why you came on the 19th aug to present the pair as a trade we can take,when the pair could have hit stop loss few 2 days early....i like for you to explain so that i can know if am wrong
  • #1,352
  • Aug 22, 2017 2:06pm Aug 22, 2017 2:06pm
Quoting dkarev
{quote} i dont understand why you mention this pair as a trading opportunity,the only entry on this pair from daily/4hr is on the 15th aug. and if one has taking the trade stop loss will have being hit on the 17th aug,so i kinda wondered why you came on the 19th aug to present the pair as a trade we can take,when the pair could have hit stop loss few 2 days early....i like for you to explain so that i can know if am wrong
Am mean bullish setup from strong support, 108.855. Not based on the main strategy of using the daily middle band and 4hr upper/lower band. When there is setup analyses different from the main strategy here I always indicate it
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,353
  • Aug 22, 2017 2:17pm Aug 22, 2017 2:17pm
I have said in the past that there are other strategy on which I get in other than the main strategy here. I always differentiate them. Example was the current bullish movement of AUDNZD. It was based on setup from strong support, 1.03615, not broken since September, 2016. In the chart you would see strong bullish engulfing on 2nd and 5th June, 2017,the red mark. When setup like this comes I get in. It's 380++ pips for now
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Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,354
  • Aug 22, 2017 2:24pm Aug 22, 2017 2:24pm
Just as I have said I don't want to have more than the two threads based on the strategy I get in, Stochastic and the one I have here. I continue to join the other strategy based setup here and I differentiate them where necessary. Don't be confused here please
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,355
  • Aug 22, 2017 2:26pm Aug 22, 2017 2:26pm
Am still in USDJPY and still believe it's not too late, from strong support
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,356
  • Aug 22, 2017 2:43pm Aug 22, 2017 2:43pm
Don't be too tight with SL when strong setup is formed above strong support or below strong resistance. This is because there is strong possibility of retesting the S/R even after the formation. SL should be below the support- for bullish position and above the resistance for bearish setup below resistance. If the SL is too wide then lower your lot size significantly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,357
  • Aug 22, 2017 2:45pm Aug 22, 2017 2:45pm
If you're too tight with SL, it could easily get triggered even when the setup is ok before moving to the direction again
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,358
  • Aug 23, 2017 6:03am Aug 23, 2017 6:03am
Quoting 9jatrader
If you're too tight with SL, it could easily get triggered even when the setup is ok before moving to the direction again
thanks for your time and well explained point you give, i guess i will be checking on this thread from time to time to have a more broader understand on this strategy and the various way one can trade the market as well, i like the support and resistance strategy as well.thank.
  • #1,359
  • Aug 23, 2017 10:17am Aug 23, 2017 10:17am
Quoting dkarev
{quote} thanks for your time and well explained point you give, i guess i will be checking on this thread from time to time to have a more broader understand on this strategy and the various way one can trade the market as well, i like the support and resistance strategy as well.thank.
The easiest way is to go to my profile and click subscribe, in case I have something on the other thread, "Method of Using Stochastic Profitably". Everyone here should know that all trades don't in profit. I take loss and move on. I manage my risk by minimizing loss and maximize my profit
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #1,360
  • Aug 23, 2017 10:47am Aug 23, 2017 10:47am
USDJPY continues retesting. When will this end. Time will tell
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
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