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Simple and profitable trading style

  • #1,941
  • Edited 8:07am Dec 3, 2017 7:23am | Edited 8:07am
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How far with the movement in one of the accounts

Tried to upload full account having lot sizes, but not supported by FF. No problem. Analyses is much more important here
Make all mistakes in demo and rain in pips in live account
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  • #1,942
  • Dec 3, 2017 7:37am Dec 3, 2017 7:37am
If we have any questions that could help everyone here why not post it here and we all learn, instead of sending PM. I do not hate being PM'ed, but I feel we use your questions to learn.
Thank you.
Make all mistakes in demo and rain in pips in live account
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  • #1,943
  • Edited 2:24pm Dec 3, 2017 7:52am | Edited 2:24pm
It's interesting know that some of the questions have been answered in the course of sharing since I started this thread and the other thread- Stochastic thread
Make all mistakes in demo and rain in pips in live account
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  • #1,944
  • Dec 3, 2017 2:56pm Dec 3, 2017 2:56pm
Strong bearish engulfing on GBPCHF.

This could also be referred to as double tops. How far will this go down? Time will tell. I have been waiting for the movement for sometime now, because of the correlation of USD and GBP. If it works out, GBPCHF bearish = USDCHF bearish

GBP pairs have been too great pairs to trade. Hope to jump in also
Make all mistakes in demo and rain in pips in live account
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  • #1,945
  • Dec 3, 2017 3:10pm Dec 3, 2017 3:10pm
It means that this week I have new setup: CHFJPY long and GBPCHF short

I have said something about the strategy on CHFJPY. The two positions are of two different strategies.
Make all mistakes in demo and rain in pips in live account
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  • #1,946
  • Dec 5, 2017 2:27am Dec 5, 2017 2:27am
Strong Gravestone Doji was formed yesterday on GBPJPY right below 153.770 resistance, though with small lower shadow. How will bears respond to the setup. Is it ready to follow USDCHF and USDJPY, though they ( USDCHF and USDJPY )are faced with strong retracement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -48.9%
  • #1,947
  • Dec 5, 2017 2:49am Dec 5, 2017 2:49am
Quoting 9jatrader
If we have any questions that could help everyone here why not post it here and we all learn, instead of sending PM. I do not hate being PM'ed, but I feel we use your questions to learn. Thank you.
i´ll come later that day with 1-2 questions..
Risiko birgt immer auch die Chance.
  • #1,948
  • Dec 5, 2017 2:54am Dec 5, 2017 2:54am
Quoting Sesamstrasse
{quote} i´ll come later that day with 1-2 questions..
Am waiting, so we can learn together
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -48.9%
  • #1,949
  • Dec 5, 2017 7:45am Dec 5, 2017 7:45am
Quoting 9jatrader
Other things about the strategy is also coming - using currency correlation and using Buy Stop and Sell Stop to protect SL and recover loss. Whatever questions you have it will be answered. I wish you happy trading great FF members.
Hi 9ja, here we go.
Okay, let´s start "almost" from the beginning.
In the first post you wrote;

"When weekly is strongly closing/has closed above the Bollinger Middle Band and at the same time a bullish candle candles closes above Upper Band, then there is the opportunity to start bullish trade."

If I get you right, you start watching pairs in weekly TF-- a shoot -- close above bollinger middle band is the first " alarm"
-- then you scroll down to Daily BB, must have a close above the BB´s. (for long trades ^^)

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
" If the weekly strongly closed above Middle Band and the daily has not been able to close above Upper Band,there is no need to get in yet. You have to be patient"

Correct me if I´m wrong-- not enough power to close above BB´s, no trade(not enough momentum shown)
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-- and what is about monthly.. do you have a look for it ?

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #1,950
  • Dec 5, 2017 3:25pm Dec 5, 2017 3:25pm
Quoting Sesamstrasse
{quote} Hi 9ja, here we go. Okay, let´s start "almost" from the beginning. In the first post you wrote; "When weekly is strongly closing/has closed above the Bollinger Middle Band and at the same time a bullish candle candles closes above Upper Band, then there is the opportunity to start bullish trade." If I get you right, you start watching pairs in weekly TF-- a shoot -- close above bollinger middle band is the first " alarm" -- then you scroll down to Daily BB, must have a close above the BB´s. (for long trades ^^) -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------...
No. Monthly takes so long time to work. When monthly has made strong setup, I monitor entry on weekly/daily entry, either with the main strategy here or other strategy

For example USDCAD had already made great bullish setup on September- Strong Pin Bar. Therefore had to look for entry on weekly/daily
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  • #1,951
  • Dec 5, 2017 3:36pm Dec 5, 2017 3:36pm
I have been in USDCAD since 24th October
Make all mistakes in demo and rain in pips in live account
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  • #1,952
  • Dec 6, 2017 4:51am Dec 6, 2017 4:51am
Quoting 9jatrader
{quote} No. Monthly takes so long time to work. When monthly has made strong setup, I monitor entry on weekly/daily entry, either with the main strategy here or other strategy For example USDCAD had already made great bullish setup on September- Strong Pin Bar. Therefore had to look for entry on weekly/daily
okay.. that´s about the entries..

IMO the exits are the big deal, how´s the basic rule for exits?

Guido
Risiko birgt immer auch die Chance.
  • #1,953
  • Dec 6, 2017 11:25pm Dec 6, 2017 11:25pm
There is no right or wrong way to trade. There is only a profit-making trade or a loss-making trade.
  • #1,954
  • Dec 7, 2017 2:40pm Dec 7, 2017 2:40pm
Quoting Sesamstrasse
{quote} okay.. that´s about the entries.. IMO the exits are the big deal, how´s the basic rule for exits? Guido
I watch for market reactions to strong resistance- for bullish positions; strong support for bearish positions
Make all mistakes in demo and rain in pips in live account
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  • #1,955
  • Dec 7, 2017 2:48pm Dec 7, 2017 2:48pm
Quoting 9jatrader
Shooting star on EURGBP is yet to do its job completely or is it going to fail. Just as I expect bearish setup on EU same with EG around the zone where the shooting star was earlier formed.
EURGBP is finally closing below lower band, while GBPCHF has broken 1.32552
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -48.9%
  • #1,956
  • Dec 7, 2017 2:59pm Dec 7, 2017 2:59pm
Quoting 9jatrader
{quote} EURGBP is finally closing below lower band, while GBPCHF has broken 1.32552
EURGBP not only pierced the lower band but has also closed strongly below strong consolidation support, 0.87779
Make all mistakes in demo and rain in pips in live account
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  • #1,957
  • Dec 7, 2017 3:02pm Dec 7, 2017 3:02pm
Am loosing about 270 pips retracement on USDJPY short. No problem. The shooting Star has not done it's job completely. Am still holding on, not moving sl to BE
Make all mistakes in demo and rain in pips in live account
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  • #1,958
  • Dec 7, 2017 3:27pm Dec 7, 2017 3:27pm
Did you already short EURGBP? What do you think of EURUSD? looks like we should of shorted it yesterday lol.
  • #1,959
  • Dec 7, 2017 3:31pm Dec 7, 2017 3:31pm
Quoting meepstone
Did you already short EURGBP? What do you think of EURUSD? looks like we should of shorted it yesterday lol.
EURGBP?? Yea I got on 29th November. EURUSD has been a dead pairs as far as am concerned. I have been bullish, just waiting to exit either with small profits or breakeven
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -48.9%
  • #1,960
  • Dec 7, 2017 3:36pm Dec 7, 2017 3:36pm
Quoting meepstone
Did you already short EURGBP? What do you think of EURUSD? looks like we should of shorted it yesterday lol.
EURUSD short doing well on daily middle band and 4hr lower band strategy
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -48.9%
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