Simple and profitable trading style | Page 80 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

NZD/JPY, USD/JPY

Similar Threads

Trading Made Very Simple and Profitable instructions 33 replies

The right thinking of the profitable trading in 3 simple steps. 14 replies

Indonesian Trader style - make trading simple 1 reply

Your consistently profitable trading style 37 replies

Gio's simple profitable trading quest 6 replies

Attachments: Simple and profitable trading style
Exit Attachments

Simple and profitable trading style

  • #1,581
  • Oct 12, 2017 1:39pm Oct 12, 2017 1:39pm
Quoting 9jatrader
{quote} It's correlated pair, EURGBP down by over 400 pips now. It has the same setup as EURUSD short The level, 0.9266 where the setup was made had failed to be broken since October,2009. EURUSD is so slow to crash, though it has similar setup as EURGBP. {image}
Here was the previous journey before retracement

Here is the chart again
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpee.png Size: 41 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,582
  • Oct 12, 2017 1:58pm Oct 12, 2017 1:58pm
If you can remember, I said sometime ago that EURGBP correlated pair, GBPCHF formed bullish engulfing above Fibonacci level 38.2%. Today's candle still formed above it and also strongly rejected the lower band by forming strong hammer, having "Bullish Body". Having bullish body indicates that it has strong probability/momentum to fly.
I might be wrong, but market is always right.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,583
  • Oct 12, 2017 2:06pm Oct 12, 2017 2:06pm
Quoting 9jatrader
WATCH LIST I feel I should have watch list so that I don't miss them GBPCH Bullish movement EURGBP: Continuation short trade. How long will this come true time will tell
Here was the watch list and glad to catch them
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,584
  • Oct 12, 2017 2:09pm Oct 12, 2017 2:09pm
Quoting 9jatrader
{quote} EURGBP correlated pair, GBPCHF made strong bullish engulfing above the broken resistance, now support. It also on Fibonacci 38.1%. I hope the two pieces of information help it to be bullish.
Here was the Fibonacci setup on GBPCHF. Hope to get out around the recent resistance.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,585
  • Oct 12, 2017 2:13pm Oct 12, 2017 2:13pm
Good night
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,586
  • Oct 12, 2017 7:51pm Oct 12, 2017 7:51pm
I used to work with MA with few RSI levels, as simple as you have.
  • #1,587
  • Oct 13, 2017 2:20am Oct 13, 2017 2:20am
Quoting Butterscotch
I used to work with MA with few RSI levels, as simple as you have.
Bollinger bands is a moving average
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,588
  • Oct 13, 2017 4:22am Oct 13, 2017 4:22am
Watch out for AUDUSD short movement following retracement. It's currently retracing. AUDUSD has formed similar setup twice for me before now. I have shared them here. The last Bearish Engulfing was strong. It might form another one again. My position is still open
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,589
  • Edited 9:32am Oct 13, 2017 9:18am | Edited 9:32am
Bollinger middle band pose threat to EURGBP short and GBPCHF long. Am still waiting for the movement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,590
  • Oct 13, 2017 9:48am Oct 13, 2017 9:48am
Recent move by USDJPY is not surprising. I was taught that the more frequent S/R are tested the stronger they are. For two weeks it formed resistance and continue retesting until today
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,591
  • Oct 15, 2017 12:22am Oct 15, 2017 12:22am
Quoting 9jatrader
Watch out for AUDUSD short movement following retracement. It's currently retracing. AUDUSD has formed similar setup twice for me before now. I have shared them here. The last Bearish Engulfing was strong. It might form another one again. My position is still open
We might see another bearish movement on AUDJPY, AUDCHF. The bearish movement made earlier still not been violated by any new setup.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,592
  • Edited 10:41am Oct 15, 2017 10:26am | Edited 10:41am
Quoting 9jatrader
{quote} We might see another bearish movement on AUDJPY, AUDCHF. The bearish movement made earlier still not been violated by any new setup.
Good evening 9ja.
I already did my big picture view for the coming week(s).

With AJ my observation looks a bit different.
May I ask wjhy you see AJ bearish?

This thread is in the trading discussion area located..
...pls let me know if you don t wanna see my chart..
Itīs your thread and I respect it.

Stay tuned
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYcWeekly.png Size: 42 KB
Risiko birgt immer auch die Chance.
  • #1,593
  • Oct 15, 2017 1:42pm Oct 15, 2017 1:42pm
Quoting Sesamstrasse
{quote} Good evening 9ja. I already did my big picture view for the coming week(s). With AJ my observation looks a bit different. May I ask wjhy you see AJ bearish? This thread is in the trading discussion area located.. ...pls let me know if you don t wanna see my chart.. Itīs your thread and I respect it. Stay tuned Guido {image}
Please I like to see other traders's charts; I do not consider it an offense. I continue to learn from contributors here when we analyze together.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,594
  • Oct 15, 2017 2:07pm Oct 15, 2017 2:07pm
Quoting Sesamstrasse
{quote} Good evening 9ja. I already did my big picture view for the coming week(s). With AJ my observation looks a bit different. May I ask wjhy you see AJ bearish? This thread is in the trading discussion area located.. ...pls let me know if you don t wanna see my chart.. Itīs your thread and I respect it. Stay tuned Guido {image}
Here is my analyses. The level under which the bearish engulfing was formed on the daily had failed to be broken since 2015. When you switch to weekly you would see that a strong bearish engulfing was formed below 90.075 weekly and made it to crash.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyff.png Size: 53 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,595
  • Oct 15, 2017 2:13pm Oct 15, 2017 2:13pm
Am not in AUDJPY, but am short in both AUDUSD and AUDCHF. Not in one platform, because when one goes against the trade setup the other one would do the same
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,596
  • Oct 15, 2017 2:15pm Oct 15, 2017 2:15pm
One thing I must still repeat again is that we should be bold to trust our analyses and trade against herd- be a contrarian trader
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,597
  • Oct 15, 2017 9:13pm Oct 15, 2017 9:13pm
EURUSD seems to be dead. I was taught that EURUSD a good pair. Other pairs are more volatile than this dull pair
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,598
  • Oct 16, 2017 8:03am Oct 16, 2017 8:03am
EURGBP bearish movement slower than expected. The bearish bias still valid.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,599
  • Oct 17, 2017 4:16am Oct 17, 2017 4:16am
Fibonacci level 23.6% remains a a barrier on the strong bullish setup on GBPCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf2.png Size: 42 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,600
  • Oct 17, 2017 4:21am Oct 17, 2017 4:21am
EURUSD movement is becoming sexy. EURGBP would most certainly follow. And so GBPCHF would fly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
1 trader viewing now