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Simple and profitable trading style

  • #1,741
  • Nov 7, 2017 9:21am Nov 7, 2017 9:21am
USDJPY has become so boring. Since the strong short trade setup it continues retesting. I believe explosive movement on the way- any direction. I still remain bearish
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  • #1,742
  • Nov 7, 2017 9:26am Nov 7, 2017 9:26am
Quoting 9jatrader
How reliable is the consolidation being formed above the middle band on USDCAD??? Forming strong Bullish engulfing
Am not adding position on the pair, USDCAD long. I have been on long trade. I shared it here. When it's time to revisit the post I will do, especially when exiting the position
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  • #1,743
  • Nov 7, 2017 3:05pm Nov 7, 2017 3:05pm
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.
Though AUDJPY is ranging it has been able to make 205 pips down the road
Make all mistakes in demo and rain in pips in live account
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  • #1,744
  • Nov 8, 2017 9:35pm Nov 8, 2017 9:35pm
Is USDJPY making daily middle band and 4hr lower band setup ???????
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,745
  • Nov 8, 2017 9:52pm Nov 8, 2017 9:52pm
Quoting 9jatrader
Is USDJPY making daily middle band and 4hr lower band setup ???????

Using the daily middle band and 4hr lower band means that daily bearish candle is used for SL. The lower TF can easily triggered even when the setup will work. It doesn't mean that the longer TF SL is not triggered. My positions of using the weekly candle as SL was triggered when I used the weekly middle band and the daily lower band. Loosing is part of the game. Keeping the risk so low is greater part of the game
Make all mistakes in demo and rain in pips in live account
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  • #1,746
  • Nov 8, 2017 10:01pm Nov 8, 2017 10:01pm
Sometimes weak trade setup moves faster than the strong one. The level where the shooting was made earlier formed Double Tops. The Shooting star is even stronger than the bearish candle that crashed the pair faster
Make all mistakes in demo and rain in pips in live account
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  • #1,747
  • Nov 8, 2017 10:02pm Nov 8, 2017 10:02pm
For now Middle band would continue to be a barrier as strong support. Good morning
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,748
  • Nov 9, 2017 9:11am Nov 9, 2017 9:11am
Interesting seeing the USDJPY putting bearish pressure now. Middle band still working hard as the support
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,749
  • Nov 9, 2017 9:14am Nov 9, 2017 9:14am
If 4hr would be able to close as it's going now it would be great. It means the conditions are meant. The daily setup was based on the strong Shooting Star made right below resistance- part of the strategies I have listed sometime ago
Make all mistakes in demo and rain in pips in live account
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  • #1,750
  • Nov 9, 2017 9:35am Nov 9, 2017 9:35am
Power Of Correlations : If the shooting star on USDJPY finally works it would give the direction of GBPCHF, GBPJPY and USDCHF
Make all mistakes in demo and rain in pips in live account
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  • #1,751
  • Nov 9, 2017 9:59am Nov 9, 2017 9:59am
Just as the S/R are faced with strong retesting after breakout so with Middle band. There is possibility of strong retesting of the broken middle band.
Make all mistakes in demo and rain in pips in live account
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  • #1,752
  • Nov 9, 2017 10:00am Nov 9, 2017 10:00am
4hr has just closed so well
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,753
  • Nov 10, 2017 10:52am Nov 10, 2017 10:52am
Quoting 9jatrader
Shooting star on USDJPY below resistance- how reliable? Formed when the bulls just took over after consolidation
Bollinger Middle band still remains barrier on the daily chart
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,754
  • Nov 10, 2017 9:59pm Nov 10, 2017 9:59pm
Quoting 9jatrader
AUDCHF and AUDJPY returned to where the previous setup was made as expected. While AUDCHF formed a weak Tweezer Tops, AUDJPY formed engulfing, though not supported by upper band breakout
AUDJPY, though ranging, had been able to make 222 pips so far. Not bad. Hope it would crash further. Still waiting
Make all mistakes in demo and rain in pips in live account
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  • #1,755
  • Nov 11, 2017 4:02am Nov 11, 2017 4:02am
Just reviewing some of the positions so far in my journal. There are positions that would have been the great pips of the year. Though no one can predict the direction of movement, I found that I have exited too early in some trades, while in some greed made my to hold on to positions instead of closing them on support or below strong resistance. This is part of learning curve
Make all mistakes in demo and rain in pips in live account
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  • #1,756
  • Nov 11, 2017 1:28pm Nov 11, 2017 1:28pm
EURAUD bullish consolidation around middle band. What could add confidence is the its correlated, AUDCHF which had formed strong bearish setup, still to crash down. Correlation can really be helpful
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,757
  • Nov 11, 2017 1:31pm Nov 11, 2017 1:31pm
The weekly not doing bad. It was able to close with hammer ( having Bullish Body ) below the upper band. Possibly this week it closes above the upper band on the weekly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,758
  • Nov 12, 2017 5:05am Nov 12, 2017 5:05am
Tomorrow BOJ Governor's speech. AUD pairs had been ranging. Do we expect breakout, with respect to AUDCHF, AUDUSD, AUDJPY, EURAUD?????
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,759
  • Nov 13, 2017 4:42am Nov 13, 2017 4:42am
Quoting 9jatrader
{quote} Am out of EURGBP short. It's going to be bullish for days, no doubt. 290 pips not bad. I don't want to give all back to Madam Forex {image}
EURGBP is closing middle band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,760
  • Nov 13, 2017 4:45am Nov 13, 2017 4:45am
Quoting 9jatrader
{quote} Am out of EURGBP short. It's going to be bullish for days, no doubt. 290 pips not bad. I don't want to give all back to Madam Forex {image}
EURGBP is closing middle band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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