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Simple and profitable trading style

  • #1,441
  • Sep 1, 2017 6:35pm Sep 1, 2017 6:35pm
Quoting 9jatrader
{quote} Period: 20 Deviations: 2 Just leave it the way it's already in MT4
thanks
  • #1,442
  • Sep 2, 2017 8:52am Sep 2, 2017 8:52am
How far will EURCAD strong confirmation of Gravestone Doji go? There was strong confirmation yesterday. This pair as been ranging for long time. Also while the weekly closed below the middle band the daily was able to close below the lower band.

I decided to go to monthly and see what it's doing. There had been a strong setup long time ago on the monthly. January and February, 2016 had formed strong short trade setup. As you may have already known, it takes longer time for longer TF setups to finally work.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,443
  • Sep 3, 2017 6:43am Sep 3, 2017 6:43am
The EA looks at only one of the setups mentioned in this thread. price is above upper band on weekly and daily buy.
price is below lower band weekly and daily sell. turn off every tick mode best trading time farme in one hour. amazing that hour one is best
Attached File(s)
File Type: ex4 BULL_RUN_WeeK_1a.ex4   352 KB | 269 downloads
File Type: mq4 BULL_RUN_WeeK_1a.mq4   449 KB | 345 downloads
  • #1,444
  • Sep 3, 2017 12:57pm Sep 3, 2017 12:57pm
Quoting candyman752
The EA looks at only one of the setups mentioned in this thread. price is above upper band on weekly and daily buy. price is below lower band weekly and daily sell. turn off every tick mode best trading time farme in one hour. amazing that hour one is best {file} {file}
You should have stated the pair. No need for vague post
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,445
  • Sep 3, 2017 3:35pm Sep 3, 2017 3:35pm
watch list

1. AUDCHF
2. NZDCHF
3. EURNZD
4. EURAUD
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,446
  • Sep 3, 2017 4:29pm Sep 3, 2017 4:29pm
AUD interest rate coming; we might expect spike, who knows
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,447
  • Sep 3, 2017 4:41pm Sep 3, 2017 4:41pm
Quoting 9jatrader
watch list 1. AUDCHF 2. NZDCHF 3. EURNZD 4. EURAUD
AUDCHF is negatively correlated with EURAUD, while EURNZD and NZDCHF are negatively correlated. it means that when one makes strong short, the other one makes strong long setup. This is because of the strong positive correlation of EURO and CHF. AUDCHF had made strong bullish on the weekly long ago. I do not feel it has done it's job completely.EURAUD has also some some bearish move
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,448
  • Sep 3, 2017 4:44pm Sep 3, 2017 4:44pm
Quoting 9jatrader
watch list 1. AUDCHF 2. NZDCHF 3. EURNZD 4. EURAUD
AUDCHF is negatively correlated with EURAUD, while EURNZD and NZDCHF are negatively correlated. it means that when one makes strong short, the other one makes strong long setup. This is because of the strong positive correlation of EURO and CHF. AUDCHF had made strong bullish on the weekly long ago. I do not feel it has done it's job completely.EURAUD has also some some bearish move
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,449
  • Sep 3, 2017 4:45pm Sep 3, 2017 4:45pm
Good night
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,450
  • Sep 3, 2017 10:05pm Sep 3, 2017 10:05pm
Audchf in uptrend 1st traget 0.7750 main target 0.7948
Attached Image (click to enlarge)
Click to Enlarge Name: audchf2.png Size: 39 KB
  • #1,451
  • Edited 6:56am Sep 4, 2017 6:35am | Edited 6:56am
Quoting fxgenius
Audchf in uptrend 1st traget 0.7750 main target 0.7948 {image}
You're very correct. I got out with 0.77857 resistance. The weekly is still strong. Just waiting for another entry point on the daily, possibly closed bullish candle above the upper band

If correlation has anything to offer me AUDCHF and EURAUD informed me to get out of EURNZD long I have been. As you already known, AUD and NZD are like twin brothers/sisters, tom and Jerry, bread and butter when they form setup with other currency. Euro and CHF are also positively correlated. It's simple analyses. Any questions on the correlation let me know.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,452
  • Sep 4, 2017 11:20am Sep 4, 2017 11:20am
Bitcoin is crashing down for now. There was already strong short setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,453
  • Sep 4, 2017 3:37pm Sep 4, 2017 3:37pm
Quoting 9jatrader
AUD interest rate coming; we might expect spike, who knows
AUDUSD buy limit order set set to @ 0.7928 SL 0.7908
  • #1,454
  • Sep 4, 2017 4:07pm Sep 4, 2017 4:07pm
Quoting fxgenius
{quote} AUDUSD buy limit order set set to @ 0.7928 SL 0.7908
No one can tell how AUD would react to interest rate. There is already Tweezer Tops below resistance,0.80420 weekly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,455
  • Sep 4, 2017 4:22pm Sep 4, 2017 4:22pm
One negative side of using pending order is that sometimes after it triggers the order it goes against the setup and leaves traders with shadows.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,456
  • Sep 5, 2017 8:49am Sep 5, 2017 8:49am
EURAUD: How far will the second trade setup go? Though am already in days ago, the daily, while closing below the middle band 4hr has strongly closed below the lower band.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,457
  • Sep 5, 2017 9:04am Sep 5, 2017 9:04am
The strategy is that there was already bearish movement on the daily, Gravestone Doji below resistance 1.50675
Make all mistakes in demo and rain in pips in live account
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  • #1,458
  • Sep 6, 2017 7:46am Sep 6, 2017 7:46am
USDJPY retraced and forming another hammer
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,459
  • Sep 6, 2017 3:37pm Sep 6, 2017 3:37pm
Quoting 9jatrader
USDJPY retraced and forming another hammer
As expected.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,460
  • Sep 6, 2017 3:49pm Sep 6, 2017 3:49pm
Quoting 9jatrader
{quote} AUDNZD is breaking strong resistance
AUDNZD still doing so well. Funny thing about breakout is that sometimes it moves even without retracement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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