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Simple and profitable trading style

  • #1,461
  • Sep 6, 2017 4:22pm Sep 6, 2017 4:22pm
Quoting 9jatrader
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.
BOC interest rate supported the setup
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9jatrader All Time Return: -66.1%
  • #1,462
  • Sep 7, 2017 6:46am Sep 7, 2017 6:46am
USDCAD bullish trade failed. USDCAD has broken the support
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,463
  • Sep 7, 2017 6:47am Sep 7, 2017 6:47am
So late now to join the bears. Waiting for retracement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,464
  • Sep 7, 2017 7:38am Sep 7, 2017 7:38am
Quoting 9jatrader
So late now to join the bears. Waiting for retracement
After checking the monthly I decided to join the bears at this time
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,465
  • Edited 8:17am Sep 7, 2017 7:57am | Edited 8:17am
When fundamentals and candlestick invalidate/makes setup we have to respect the market. That's what I continue to learn from the Forex market. The current is the USDCAD long above support,1.24400 using 4hr and stochastic
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,466
  • Sep 7, 2017 9:13am Sep 7, 2017 9:13am
Quoting 9jatrader
{quote} After checking the monthly I decided to join the bears at this time
what is your target? 1.1997 is next support.
  • #1,467
  • Sep 7, 2017 3:32pm Sep 7, 2017 3:32pm
Quoting atmokupe
{quote} what is your target? 1.1997 is next support.
That support is too near for me. I have no target. I prepare visible support on the way and see how price will react
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,468
  • Sep 7, 2017 3:45pm Sep 7, 2017 3:45pm
Quoting 9jatrader
{quote} That support is too near for me. I have no target. I prepare visible support on the way and see how price will react
If I were to set and eye target, I go to longer time frame, weekly, around 1.06- 1.04 level.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,469
  • Sep 7, 2017 3:54pm Sep 7, 2017 3:54pm
The zone was a very strong support for good three years from 2010 to 2013. And when it was broken in 2013 it retested it in 2014. It means a lot of patience. In spite of that I keep my eyes open on the reversal setup even before the tp is reached
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,470
  • Sep 7, 2017 4:28pm Sep 7, 2017 4:28pm
When we're over focused on our bias it can be costly. I was checking while I was ambushed. I decided to bring out Mr Fibonacci. Only to found that there was a strong bearish engulfing right below 23.6%, the red mark
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadtt.png Size: 33 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,471
  • Sep 8, 2017 1:26pm Sep 8, 2017 1:26pm
Bloody day for all my USDJPY long
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,472
  • Sep 8, 2017 1:37pm Sep 8, 2017 1:37pm
Going short on USDJPY is "not"good for me because of negative swap. The breakout can't even be reliable, just my take. Stochastic that helps me to filter breakout is not on oversold region
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,473
  • Sep 8, 2017 4:38pm Sep 8, 2017 4:38pm
Is CADCHF ready to crash down? It formed strong bearish engulfing right below strong broken support, now acting as strong resistance
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,474
  • Sep 9, 2017 7:01am Sep 9, 2017 7:01am
Quoting 9jatrader
Is CADCHF ready to crash down? It formed strong bearish engulfing right below strong broken support, now acting as strong resistance
This level, 0.78331 had failed be broken on the weekly since March, 2015
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,475
  • Sep 9, 2017 7:09am Sep 9, 2017 7:09am
It can be great waiting for the candlesticks/patterns I listed in this thread around/below resistance and around/above strong support for short and long trade respectively. I believe the current CADCHF will test the candlestick pattern once again. If it's broken after my entry I am wrong and market is right.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,476
  • Sep 9, 2017 7:33am Sep 9, 2017 7:33am
This week was bloody for me on USDJPY long. EURGBP short already working. It finally closed below middle band. Middle band can really obstruct strong setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,477
  • Sep 9, 2017 8:04am Sep 9, 2017 8:04am
There are time market behaves like wild animals and makes us doubt whether our strategy is worth using to enter market. The only thing that can help at this time is the money management.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,478
  • Sep 9, 2017 4:42pm Sep 9, 2017 4:42pm
Quoting 9jatrader
This week was bloody for me on USDJPY long. EURGBP short already working. It finally closed below middle band. Middle band can really obstruct strong setup
very tricky situation. the news from zerohedge stated that market sentiment about dollar was worrying traders .because trump wants the debt ceiling removed.
if the congressman mange to remove the debt ceilingthe dollar is dead jpy is going to strengthen like no mans business.
  • #1,479
  • Sep 9, 2017 5:14pm Sep 9, 2017 5:14pm
It may just be a fakeout
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,480
  • Sep 10, 2017 4:45pm Sep 10, 2017 4:45pm
Quoting 9jatrader
Is CADCHF ready to crash down? It formed strong bearish engulfing right below strong broken support, now acting as strong resistance
After final analyses I decided to join the CADCHF bears
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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