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  • #1,601
  • Oct 17, 2017 6:25am Oct 17, 2017 6:25am
I have been on EU since 29th August. Patient demanding.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,602
  • Oct 17, 2017 6:30am Oct 17, 2017 6:30am
Quoting 9jatrader
Fibonacci level 23.6% remains a a barrier on the strong bullish setup on GBPCHF. {image}
If it closes much bearish like this, there is strong probability of retracement. My sl remains unmoved.
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  • #1,603
  • Oct 17, 2017 8:57am Oct 17, 2017 8:57am
When EURGBP bullish scalpers are through on the shorter TF it would most certainly return to the bearish movement on the daily
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  • #1,604
  • Oct 17, 2017 9:15pm Oct 17, 2017 9:15pm
Just found that EURGBP strong shooting star was formed below broken support. Possibly going to retest the broken support, now resistance. I continue to see no problem with the setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,605
  • Oct 18, 2017 3:34pm Oct 18, 2017 3:34pm
Quoting 9jatrader
Fibonacci level 23.6% remains a a barrier on the strong bullish setup on GBPCHF. {image}
The combination of 23.6% and bollinger middle band still remains barriers. Thanks to today's bulls. But still struggling to break above the level and middle band. Middle band acts as S/R
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  • #1,606
  • Oct 18, 2017 10:31pm Oct 18, 2017 10:31pm
GBPCHF is gradually forming bollinger bands squeeze and so I fear my take profit might not be reached and I have to adjust my TP level down for quick exit.
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  • #1,607
  • Oct 18, 2017 10:34pm Oct 18, 2017 10:34pm
Bollnger bands squeeze indicates that the big buys are getting out or are already out
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,608
  • Oct 19, 2017 7:16am Oct 19, 2017 7:16am
Quoting 9jatrader
Strong Gravestone Doji/Shooting Star on USDCHF. This is probably set for downward move. If it does, it means the dragonfly setup is returning to ranging again. Am already out of USD bulls. It was a great ride. I hope to join the bears now {image}
It's back again to the same level forming another setup
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  • #1,609
  • Oct 20, 2017 10:57am Oct 20, 2017 10:57am
Quoting 9jatrader
{quote} Strong hammer is being formed on the support on USDJPY
The bulls took some rest and moved sideways. It seems now that they are back again. It's closing strong above the upper band. We can see what hammer can do when formed on support, especially when the candle has bullish body

I have been out when it was forming sideways movement, though great profit. Glad to be back again.
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  • #1,610
  • Oct 20, 2017 11:06am Oct 20, 2017 11:06am
Quoting 9jatrader
EURGBP bearish movement slower than expected. The bearish bias still valid.
Retraced back to where the shooting star was formed earlier, possibly for another setup, by forming bearish engulfing
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  • #1,611
  • Oct 20, 2017 11:08am Oct 20, 2017 11:08am
Quoting 9jatrader
Strong setup on USDJPY at long last. The great thing is that it's was formed on strong support.
Here was the initial analyses on USDJPY long trade setup
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  • #1,612
  • Oct 20, 2017 11:11am Oct 20, 2017 11:11am
Quoting 9jatrader
The hammer having bullish body increases the bias.
The continuation of the analyses then when it was formed. Happy trading
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9jatrader All Time Return: -66.1%
  • #1,613
  • Oct 20, 2017 4:00pm Oct 20, 2017 4:00pm
AUDCAD had been ranging for so long. This time closing with hammer with bullish body right below the upper band. It has high probability to pierce the upper band and fly. Trading Hammer again
Make all mistakes in demo and rain in pips in live account
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  • #1,614
  • Edited 5:18pm Oct 20, 2017 4:13pm | Edited 5:18pm
Some trade setups for the week

AUDCAD: Strong hammer, having bullish body right below the upper band

NZDCAD: Dragonfly/Pin/bar above support level, 0.8723, not broken since 31st 2016. As you nay have already known NZDCAD and AUDCAD are strongly correlated because of the correlation of AUD and NZD.

GBPCHF: Strong bullish engulfing right above the Fibonacci level I earlier pointed out, 23.6%. On 12th October I said a strong hammer was formed on the level. It retraced and formed bearish engulfing, another setup above the level.

EURCAD: Similar to AUDCAD long trade setup

USDJPY: Already said something about it.

EURGBP already been analyzed, also this is correlated with GBPCHF
Make all mistakes in demo and rain in pips in live account
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  • #1,615
  • Oct 20, 2017 4:18pm Oct 20, 2017 4:18pm
In spite of the analyses by traders, market will decide finally. Have a great weekend
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,616
  • Oct 20, 2017 6:00pm Oct 20, 2017 6:00pm
EURCAD is further complimented by the main strategy here, the weekly closed above the middle band while the daily not only closed above the upper band, but formed hammer
Make all mistakes in demo and rain in pips in live account
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  • #1,617
  • Oct 22, 2017 12:44pm Oct 22, 2017 12:44pm
Quoting 9jatrader
{quote} Retraced back to where the shooting star was formed earlier, possibly for another setup, by forming bearish engulfing
Third setup on this pair, how reliable

EURGBP made over 440 pips and retraced back,over 190 pips made shooting star setup, was interrupted by bollinger middle band and retraced again and formed bearish engulfing
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpg.png Size: 45 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,618
  • Oct 23, 2017 10:30am Oct 23, 2017 10:30am
i understand the rules of the use of stochastics, middle band for weekly and upper for daily or lower, same with 4 hours my question is, if we miss the first close above or below the upper/lower band on our selected time frame how do we re enter do we wait for another close and then enter?
  • #1,619
  • Oct 23, 2017 11:15am Oct 23, 2017 11:15am
Quoting Neil0163
i understand the rules of the use of stochastics, middle band for weekly and upper for daily or lower, same with 4 hours my question is, if we miss the first close above or below the upper/lower band on our selected time frame how do we re enter do we wait for another close and then enter?
Sometimes the second candle continues in the same direction, but might be late sometimes because of retracement. I also concern about sl
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,620
  • Oct 23, 2017 11:17am Oct 23, 2017 11:17am
I prefer entry with the first candle, so that when am out I know I follow the rule
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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