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Simple and profitable trading style

  • #1,761
  • Nov 13, 2017 6:46am Nov 13, 2017 6:46am
For 4hr traders they're already some pips ahead
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,762
  • Nov 13, 2017 10:50am Nov 13, 2017 10:50am
I continue to see the reason why it's great trading practice to use the longer time frame candle for stop loss. I would have been out by now on the EURCAD long. It's picking up again
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,763
  • Nov 13, 2017 10:57am Nov 13, 2017 10:57am
Quoting 9jatrader
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...
Am out of AUDCAD, EURCAD still on
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,764
  • Nov 13, 2017 11:03am Nov 13, 2017 11:03am
Quoting 9jatrader
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
Here was the EURCAD additional information. Using the below the weekly candle candle was the the strategy as I always stress. In spite of that the longer TF candle SL can still be triggered. Sometimes market behaves like mad animals/wild animals
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,765
  • Nov 13, 2017 11:16am Nov 13, 2017 11:16am
I decided to join the bulls again on daily middle band and 4hr upper band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,766
  • Nov 13, 2017 11:19am Nov 13, 2017 11:19am
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%
  • #1,767
  • Nov 13, 2017 11:24am Nov 13, 2017 11:24am
Quoting 9jatrader
Tomorrow BOJ Governor's speech. AUD pairs had been ranging. Do we expect breakout, with respect to AUDCHF, AUDUSD, AUDJPY, EURAUD?????
AUDUSD already closing below the local support it had created for two weeks now.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,768
  • Nov 13, 2017 11:31am Nov 13, 2017 11:31am
Quoting 9jatrader
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
Just a day after joining EURAUD long, it's struggling to close above the upper band. Hope today's fundamentals on AUD would fly it higher and possibly close well above the upper band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,769
  • Nov 13, 2017 11:33am Nov 13, 2017 11:33am
See you later in case there is any new thing/setups
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,770
  • Nov 13, 2017 11:37am Nov 13, 2017 11:37am
Quoting 9jatrader
{quote} AUDUSD already closing below the local support it had created for two weeks now.
The breakout is clearly visible on 4hr, 0.76384
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,771
  • Nov 13, 2017 11:49am Nov 13, 2017 11:49am
Quoting 9jatrader
This is what shooting star can do when formed on ranging market. The weekly closed below middle band while the daily closed below lower band {image}
Here was my exit on AUDUSD. Hope to join after market close and fundamentals support it again and see how it goes, but small lot size
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,772
  • Nov 14, 2017 8:36am Nov 14, 2017 8:36am
Quoting 9jatrader
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
EURAUD closing above the upper band now- great

EURAUDweekly not doing badly. It's also closing above the upper band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,773
  • Nov 14, 2017 8:45am Nov 14, 2017 8:45am
Quoting 9jatrader
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
It breaking middle band without problem following strong retracement. I would have been out if the daily candle was used
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,774
  • Nov 14, 2017 8:52am Nov 14, 2017 8:52am
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 already above the middle band after strong retracement. But am scared of 0.89743 resistance where strong Shooting Star and Bearish Engulfing were earlier made on the 12th October and 20th October respectively
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,775
  • Nov 14, 2017 8:55am Nov 14, 2017 8:55am
Any bearish attack on that zone I would be out and wait. If it breaks the upper band I will hold to the position
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,776
  • Nov 14, 2017 9:20am Nov 14, 2017 9:20am
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
While AUDJPY is down, 280 pips,AUDCHF is breaking ranging support, 0.75771
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,777
  • Nov 14, 2017 3:30pm Nov 14, 2017 3:30pm
Quoting 9jatrader
{quote} Am going again on the bearish movement. The resistance around which the bearish engulfing was formed failed to be broken. I have seen that I lost because of tight SL. I was taught that having too tight sl is like having no sl. Am a witness to the fact now on CADCHF short. I hope it works this time.
The shooting star formed twice is taking longer time before crashing. This is negatively correlated with EURCAD
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,778
  • Nov 14, 2017 10:46pm Nov 14, 2017 10:46pm
Quoting 9jatrader
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
It has crossed the middle band so weakly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,779
  • Nov 14, 2017 10:52pm Nov 14, 2017 10:52pm
Quoting 9jatrader
Power Of Correlations : If the shooting star on USDJPY finally works it would give the direction of GBPCHF, GBPJPY and USDCHF
The pair I expected to lead the way for the other is the one being led now. USDCHF and GBPCHF crossed the bollinger middle band more comfortably than the USDJPYthat made stronger sell signal
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,780
  • Nov 15, 2017 12:06am Nov 15, 2017 12:06am
I decided to join the NZDCHF bears yesterday because of the AUDCHF strong short formed long ago and EURAUD fresh long setup. Am using correlation to join the movement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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