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NZD/JPY, USD/JPY

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Simple and profitable trading style

  • #1,801
  • Nov 17, 2017 6:04am Nov 17, 2017 6:04am
Quoting 9jatrader
Closing NZDCAD and AUDCAD long. I believe the setup is invalidated now. Three times consecutively loss in AUDCAD long. The pair not favourable to me at the present Hope to join the bears at this time as the Hammer on NZDCAD is violated
Am consoled by NZDCHF short. I got in because of the AUDCHF short that yet to complete its job. Am used the information about correlation
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,802
  • Nov 17, 2017 6:08am Nov 17, 2017 6:08am
AUDJPY diving faster than the rest, down by 418 pips- no end to it now- still keeping the positions, while monitoring the weekly
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,803
  • Nov 17, 2017 6:13am Nov 17, 2017 6:13am
But the correlated pair, NZDJPY same day that made very weak and suspicious setup is diving more over 500 pips- no regret. It's part of the game, sometimes weak setup move faster and better than the great setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,804
  • Nov 17, 2017 6:17am Nov 17, 2017 6:17am
But the correlated pair, NZDJPY that made very weak and suspicious setup same day is diving more over 500 pips- no regret. It's part of the game, sometimes weak setup move faster and better than the great setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,805
  • Nov 17, 2017 6:50am Nov 17, 2017 6:50am
Quoting 9jatrader
When strong trade setup is formed at the wrong place/time. AUDCHF just formed strong setup, Bullish Engulfing, supported by lower band breakout, but at the wrong time when the bears have just taking over. Also bollinger lower and upper bands are far separated apart. I would still keep my short position.
The bears not giving up as I pointed out yesterday
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,806
  • Nov 17, 2017 7:07am Nov 17, 2017 7:07am
CADCHF is yet to crash. The pain now is that negative swap is growing
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,807
  • Nov 17, 2017 7:11am Nov 17, 2017 7:11am
I wish to point out here that I do not take more than two positions. Most of my position is only one
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,808
  • Nov 17, 2017 7:27am Nov 17, 2017 7:27am
Sometime ago I shared some of the candlesticks and patterns I have found to have high performance. I that post I pointed out that I wait for most of my positions around support and resistance. I found out that sometimes good setup is formed below resistance ( Drawn using close price ). Then it triggers my SL and then forms another and better setup again, this time below the resistance ( Drawn using high price ). Example is the current CADCHF short. It means I will be paying attention also to high price
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,809
  • Nov 17, 2017 2:28pm Nov 17, 2017 2:28pm
Quoting 9jatrader
Shooting star on USDJPY below resistance- how reliable? Formed when the bulls just took over after consolidation
Shooting star shooting this pair down strongly now. Tha's great
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,810
  • Nov 17, 2017 2:31pm Nov 17, 2017 2:31pm
Quoting 9jatrader
I hope to exit my USDJPY and USDCHF long. The hammer with bullish body on USDJPY and Dragonfly on USDCHF did nice job. The strong shooting star on USDJPY on the daily remains scary
Here was my exit on my long positions on USDJPY and USDCHF.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,811
  • Nov 17, 2017 2:39pm Nov 17, 2017 2:39pm
AUDJPY crashed 430 pips for now; I still have 270 pips down on the weekly strong support level, 80.072
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,812
  • Nov 17, 2017 2:50pm Nov 17, 2017 2:50pm
AUDCAD and NZDCAD had become so unreliable. May possibly escape me
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,813
  • Nov 17, 2017 3:08pm Nov 17, 2017 3:08pm
Here we have the shooting Star setup, the red marks on two occasions.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyr.png Size: 46 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,814
  • Nov 17, 2017 3:09pm Nov 17, 2017 3:09pm
I have my eye on the blue mark- support over 400 pips still remaining down the road
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,815
  • Nov 18, 2017 6:37am Nov 18, 2017 6:37am
In spite of keeping tabs with currency correlation I found out I still miss some move. Here are some of the examples. Small mathematics
It means that when setup is formed on one and we missed it and the other one had not been formed we can wait for the correlated pair. Also if have been in the movement on one pair and the correlated pair forms new setup, it can give us confidence to hold on the one we've already entered, it's correlated pair
AUDCHF ( Bearish ) = EURAUD ( Bullish )
AUDCHF ( Bearish ) = NZDCHF ( Bearish )
AUDCHF ( Bearish ) = EURNZD ( Bullish )

The reason is the strong correlated of AUD and NZD, EUR and CHF
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,816
  • Nov 18, 2017 6:58am Nov 18, 2017 6:58am
AUDJPY ( Bearish ) = NZDJPY ( Bearish )
EURGBP ( Bearish ) = GBPCHF ( Bullish )
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,817
  • Nov 18, 2017 7:04am Nov 18, 2017 7:04am
USDJPY ( Bearish )= GBPJPY ( Bearish )

Catch GBPJPY breakout from sideways next week, hopefully. This is because the correlated pair is going down strongly except fundamentals change the game. It has the strong possibility of breaking the support next week

Next week may meet the requirement of the main strategy here, using next weekly bearish closing below the middle band and the daily lower band.
Enjoy you weekend.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,818
  • Nov 18, 2017 7:58am Nov 18, 2017 7:58am
Quoting 9jatrader
USDJPY ( Bearish )= GBPJPY ( Bearish ) Catch GBPJPY breakout from sideways next week, hopefully. This is because the correlated pair is going down strongly except fundamentals change the game. It has the strong possibility of breaking the support next week Next week may meet the requirement of the main strategy here, using next weekly bearish closing below the middle band and the daily lower band. Enjoy you weekend.
very simple stratgy that its going positive...
send your idea about eur/usd in this strategy please
A little beginner trader since 2006
  • #1,819
  • Nov 18, 2017 8:21am Nov 18, 2017 8:21am
Quoting Naseri13
{quote} very simple stratgy that its going positive... send your idea about eur/usd in this strategy please
EU has become choppy. Am out of EU until I see great setup. What time frame do you trade? On the daily I cannot see the direction now. I will share it when the need arises.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,820
  • Nov 18, 2017 8:25am Nov 18, 2017 8:25am
In one of my post in "EURUSD only" thread, I said I wonder how those who trade only EURUSD alone manage to earn pips. In that post I said EU is completely dead to fundamentals/news even when it's correlated pair, USDCHF flies up/down in great movement. Maybe you indicate the time frame you want me to see.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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