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Simple and profitable trading style

  • #2,041
  • Dec 15, 2017 12:59pm Dec 15, 2017 12:59pm
Quoting 9jatrader
I decided to join the GBPJPY bears
GBPJPY struggling to close below middle band daily. As I have always said time without number middle band acts sometimes acts as strong S/R. Great day, 5.6% today's move
Make all mistakes in demo and rain in pips in live account
  • #2,042
  • Dec 15, 2017 3:58pm Dec 15, 2017 3:58pm
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
The weekly closing with strong hammer, having bullish body right below upper band. Great move still ahead
Make all mistakes in demo and rain in pips in live account
  • #2,043
  • Dec 15, 2017 4:00pm Dec 15, 2017 4:00pm
Quoting 9jatrader
I have been in USDCAD since 24th October
The daily is rejecting upper band daily through this week, though a great day today for bulls
Make all mistakes in demo and rain in pips in live account
  • #2,044
  • Dec 15, 2017 6:03pm Dec 15, 2017 6:03pm
Quoting 9jatrader
I decided to join the AUDCAD and NZDCAD long. Am a bit late on both because I was scared, but the journey just began. I could still collect some pips
New information on AUDCAD: No bullish candle had been able to close above the middle band since 4th June on the weekly. This week it was able to finally close above the middle band
Make all mistakes in demo and rain in pips in live account
  • #2,045
  • Dec 17, 2017 5:02pm Dec 17, 2017 5:02pm
Forex, a funny kind of business. Sometimes weak setup moves faster than strong setup

The shooting star formed on USDJPY taking long time to crash it, whereas the setup that crashed earlier was not as strong the shooting star. Swap eating me
Make all mistakes in demo and rain in pips in live account
  • #2,046
  • Dec 17, 2017 10:37pm Dec 17, 2017 10:37pm
I think its making a consolidation to go down. Patience
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  • #2,047
  • Dec 17, 2017 10:50pm Dec 17, 2017 10:50pm
Quoting meepstone
I think its making a consolidation to go down. Patience {image}
Bears already loaded sell orders long ago below the Double Tops resistance
Make all mistakes in demo and rain in pips in live account
  • #2,048
  • Dec 18, 2017 8:30am Dec 18, 2017 8:30am
Quoting mbrown
{quote} Ya...I had a live account with TickMill. I was just checking them out but within 3 weeks I started to notice Bucket Shop tactics and I close the account immediately. A dodgy outfit for sure.
Sir which according to you are the best broker to deal with because i just opened demo account with tickmill after reading the reviews about tickmill on different forums but what i am seeing here is somting different ...i would really appriciate if you can suggest few brokers please ..thank you in advance
  • #2,049
  • Dec 18, 2017 2:13pm Dec 18, 2017 2:13pm
Quoting HumbleLearne
{quote} Sir which according to you are the best broker to deal with because i just opened demo account with tickmill after reading the reviews about tickmill on different forums but what i am seeing here is somting different ...i would really appriciate if you can suggest few brokers please ..thank you in advance
Global Prime Australia rules the market; Pepperstone and IC Markets also.
Tickmill may not be bad on live account from what I have read before now, but were playing game. There terms and conditions were tricky. I will still trust their live account when ready for them
Make all mistakes in demo and rain in pips in live account
  • #2,050
  • Dec 18, 2017 2:16pm Dec 18, 2017 2:16pm
The trick they play is that the demo is for live account traders whereas they say it's for everyone. If you're winning you just have to open live account with them otherwise your prize would be denied, like my case
Make all mistakes in demo and rain in pips in live account
  • #2,051
  • Dec 18, 2017 2:34pm Dec 18, 2017 2:34pm
AUDCHF may soon make new entry point on weekly middle band and daily upper band, in combination of stochastic
Make all mistakes in demo and rain in pips in live account
  • #2,052
  • Dec 18, 2017 2:38pm Dec 18, 2017 2:38pm
I will be using the twin threads to share the movement and analyses. This is because the setup is being monitored by the two strategies on the two threads
Make all mistakes in demo and rain in pips in live account
  • #2,053
  • Dec 20, 2017 12:13pm Dec 20, 2017 12:13pm
Please if you still have problem with the strategy here it means that you did not read the earlier post. I have always said that it's good to read some post from the beginning each time you join thread
Make all mistakes in demo and rain in pips in live account
  • #2,054
  • Dec 20, 2017 12:19pm Dec 20, 2017 12:19pm
CHFJPY was based on it and gradually picking. You would see the reason I say the longer tf candle should be used for sl. There was a strong retracement following the setup. The daily candle-based sl would have been triggered by now
Make all mistakes in demo and rain in pips in live account
  • #2,055
  • Dec 20, 2017 12:21pm Dec 20, 2017 12:21pm
Quoting 9jatrader
CHFJPY Bullish on the move with the main strategy here. The weekly was able to close above the middle band while the daily closed above upper band.
Here was the analyses
Make all mistakes in demo and rain in pips in live account
  • #2,056
  • Dec 20, 2017 12:30pm Dec 20, 2017 12:30pm
It's possible that EURJPY would follow same direction because of the strong positive correlation of EURO and CHF. But am not in this pair.
Make all mistakes in demo and rain in pips in live account
  • #2,057
  • Dec 20, 2017 12:34pm Dec 20, 2017 12:34pm
USDJPY short is currently in trouble- retracement. No fear as the shooting Star is yet to finally complete its job. If the resistance made with the high price of the shooting star is broken I would have to join the bulls. At the present I remain bearish
Make all mistakes in demo and rain in pips in live account
  • #2,058
  • Dec 20, 2017 12:49pm Dec 20, 2017 12:49pm
The method of using the weekly middle band and daily lower/upper band is the same with daily middle band and 4hr lower/upper band. The different is that you have come to lower tf by using the daily and 4hr. For simplicity it's the higher tf middle band and lower tf lower/upper band
Make all mistakes in demo and rain in pips in live account
  • #2,059
  • Dec 20, 2017 12:51pm Dec 20, 2017 12:51pm
If you ask me the meaning of lower band and upper band it means you do not know bollinger bands. It's Bollinger Bands.
Make all mistakes in demo and rain in pips in live account
  • #2,060
  • Dec 20, 2017 11:37pm Dec 20, 2017 11:37pm
There are many strategies that you could deal in with the Forex Market, you should understand that you need to have lots of practice, if you wanna become successful in the Forex Market.
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