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Simple and profitable trading style

  • #1,381
  • Aug 26, 2017 11:34am Aug 26, 2017 11:34am
the strategy will be incorporated to this strategy here and i will indicate each
Make all mistakes in demo and rain in pips in live account
  • #1,382
  • Aug 26, 2017 12:00pm Aug 26, 2017 12:00pm
After EURNZD, AUDNZD would be the second pair I will be using the strategy- I mean the new strategy. The weekly is right below resistance. I would move my take profit and monitor the weekly breaking the resistance and the daily closing/closed above the upper band. It's already 470++ pips. The interesting thing is that it can be used to maximize profit apart from using it to enter new position
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdbb.png Size: 42 KB
Make all mistakes in demo and rain in pips in live account
  • #1,383
  • Aug 26, 2017 11:25pm Aug 26, 2017 11:25pm
After backchecking your own charts, am ready for your questions and concerned. Don't be confused about the strategy
Make all mistakes in demo and rain in pips in live account
  • #1,384
  • Aug 26, 2017 11:59pm Aug 26, 2017 11:59pm
I just have to adjust my NZDUSD bearish bias and close it with small profit. This is strongly supported by AUDUSD and EURUSD strong bullish bias.
Make all mistakes in demo and rain in pips in live account
  • #1,385
  • Aug 27, 2017 12:49am Aug 27, 2017 12:49am
Quoting 9jatrader
After EURNZD, AUDNZD would be the second pair I will be using the strategy- I mean the new strategy. The weekly is right below resistance. I would move my take profit and monitor the weekly breaking the resistance and the daily closing/closed above the upper band. It's already 470++ pips. The interesting thing is that it can be used to maximize profit apart from using it to enter new position {image}
I would be doing adjustment on GBPCHF short using the new strategy to maximize profit. I would move TP and see when the weekly breaking the support if the daily is bold enough to close below the lower band
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchff.png Size: 47 KB
Make all mistakes in demo and rain in pips in live account
  • #1,386
  • Aug 27, 2017 12:54am Aug 27, 2017 12:54am
Before using the strategy for new entry am using it to move my tp further
Make all mistakes in demo and rain in pips in live account
  • #1,387
  • Aug 27, 2017 12:55am Aug 27, 2017 12:55am
I just want to see the strength and weakness of the strategy
Make all mistakes in demo and rain in pips in live account
  • #1,388
  • Aug 27, 2017 8:09am Aug 27, 2017 8:09am
Quoting 9jatrader
I just want to see the strength and weakness of the strategy
i think this new strategy might be interesting based on the way you have being explaining this strategy, i like to know where the stop loss and take profit should be placed when trading with this strategy you are trying to explain.
  • #1,389
  • Aug 27, 2017 1:35pm Aug 27, 2017 1:35pm
Quoting dkarev
{quote} i think this new strategy might be interesting based on the way you have being explaining this strategy, i like to know where the stop loss and take profit should be placed when trading with this strategy you are trying to explain.
It's proper to place sl below resistance for bullish position and above broken support. when the sl level is to much either reduce lot size or skip it, depend on the account size. The reason for placing the sl below broken resistance ( now support ) for bullish position and above broken support ( resistance ) is the fact that there is possibility of strong retesting
Make all mistakes in demo and rain in pips in live account
  • #1,390
  • Aug 28, 2017 2:53am Aug 28, 2017 2:53am
As planed I have adjusted my AUDNZD long position, GBPCHF short, leaving them open- no take profit, using the new strategy to hold on
Make all mistakes in demo and rain in pips in live account
  • #1,391
  • Aug 28, 2017 3:17am Aug 28, 2017 3:17am
List off all my open positions I have analysed and shared here: AUDNZD, long; AUDUSD, long; GBPCHF,short; GBPJPY, short; CADCHF, short; EURUSD, long; EURGBP, long; EURCAD, long; EURNZD, long;USDJPY, long; USDCAD, long. Some for and some against me
Make all mistakes in demo and rain in pips in live account
  • #1,392
  • Aug 28, 2017 3:23am Aug 28, 2017 3:23am
If you're new to this thread I wish to say I do not have many open positions in one platform. I use more than twenty platforms for my backtest. you can have more than one platform from one broker. This is to avoid overtrading- placing many trades in one platform
Make all mistakes in demo and rain in pips in live account
  • #1,393
  • Aug 28, 2017 3:56am Aug 28, 2017 3:56am
Quoting 9jatrader
List off all my open positions I have analysed and shared here: AUDNZD, long; AUDUSD, long; GBPCHF,short; GBPJPY, short; CADCHF, short; EURUSD, long; EURGBP, long; EURCAD, long; EURNZD, long;USDJPY, long; USDCAD, long. Some for and some against me
though am not trading some the pair you have listed but the few i do trade, i dont think i agree with bullish for usd/jpy and usd/cad,am still holding my sell position for those pairs and only resistance i see is at 1.2410 for usd/cad which i think might be broken.usd/jpy has not giving reasons to start thinking of buying as well,though am still learning and i will be looking forward to what the market has to say,i think gbp/usd is starting to buy but i dont have confirmation yet.
  • #1,394
  • Aug 28, 2017 4:24am Aug 28, 2017 4:24am
Quoting dkarev
{quote} though am not trading some the pair you have listed but the few i do trade, i dont think i agree with bullish for usd/jpy and usd/cad,am still holding my sell position for those pairs and only resistance i see is at 1.2410 for usd/cad which i think might be broken.usd/jpy has not giving reasons to start thinking of buying as well,though am still learning and i will be looking forward to what the market has to say,i think gbp/usd is starting to buy but i dont have confirmation yet.
Nobody needs to agree with me. Only market will finally decide who's right or wrong
Make all mistakes in demo and rain in pips in live account
  • #1,395
  • Aug 28, 2017 5:41pm Aug 28, 2017 5:41pm
Quoting 9jatrader
After EURNZD, AUDNZD would be the second pair I will be using the strategy- I mean the new strategy. The weekly is right below resistance. I would move my take profit and monitor the weekly breaking the resistance and the daily closing/closed above the upper band. It's already 470++ pips. The interesting thing is that it can be used to maximize profit apart from using it to enter new position {image}
Am out of AUDNZD, great movement. It's currently reacting to the resistance i pointed earlier and stochs crossing. Any breakout I would join the bulls again
Make all mistakes in demo and rain in pips in live account
  • #1,396
  • Aug 29, 2017 9:35am Aug 29, 2017 9:35am
Quoting 9jatrader
{quote} I would be doing adjustment on GBPCHF short using the new strategy to maximize profit. I would move TP and see when the weekly breaking the support if the daily is bold enough to close below the lower band {image}
GBPCHF is in an important point, strong support
Make all mistakes in demo and rain in pips in live account
  • #1,397
  • Aug 29, 2017 9:48am Aug 29, 2017 9:48am
Am out, hope to return, breakout or not. The longer positions are exposed the greater the danger. At least 380 pips not bad
Make all mistakes in demo and rain in pips in live account
  • #1,398
  • Aug 29, 2017 10:19am Aug 29, 2017 10:19am
If I were to refer to its ( GBPCHF ) correlated pairs, EURGBP,there is higher probability of support breakout on GBPCHF. This is because EURGBP is strong bullish, daily and weekly. But I prefer to collect the pips and wait for support breakout because anything can happen and it turns around
Make all mistakes in demo and rain in pips in live account
  • #1,399
  • Aug 29, 2017 10:45am Aug 29, 2017 10:45am
Thanks for sharing. I believe that this simple system can be easily programmed into an EA.
  • #1,400
  • Aug 29, 2017 11:00am Aug 29, 2017 11:00am
Quoting jackchen
Thanks for sharing. I believe that this simple system can be easily programmed into an EA.
Maybe. I use only mt4 indicator
Make all mistakes in demo and rain in pips in live account
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