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Simple and profitable trading style

  • #2,141
  • Jan 1, 2018 7:07am Jan 1, 2018 7:07am
I decided to share the chart now as the movement formed by second setup again closed on the recent support it previously formed before retracement, though was able to close below lower band. How will the bears respond this time- responding to two setups?
Make all mistakes in demo and rain in pips in live account
  • #2,142
  • Jan 1, 2018 7:14am Jan 1, 2018 7:14am
When I and others were being mentored, we were told that a time would come when Forex market would ignore Holidays. I gradually see it now. There had been great volatility during holiday
Make all mistakes in demo and rain in pips in live account
  • #2,143
  • Jan 1, 2018 7:21am Jan 1, 2018 7:21am
I decided to check what the weekly was doing. Only to find that the weekly middle band and daily lower band formed setup
It can be interesting to see that while the daily middle band 4hr is moving, the weekly and daily just formed another one. Am not adding position on the same platform- perhaps try it in another platform, but with small lot size
Make all mistakes in demo and rain in pips in live account
  • #2,144
  • Jan 1, 2018 7:30am Jan 1, 2018 7:30am
Still on the weekly- the reason why there was retracement. The 26th November was not able to close below middle band. It was interrupted by middle band. I have said on many occasions that middle band acts as Support and Resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfe.png Size: 53 KB
Make all mistakes in demo and rain in pips in live account
  • #2,145
  • Jan 1, 2018 7:50am Jan 1, 2018 7:50am
Happy New Year
  • #2,146
  • Jan 1, 2018 12:44pm Jan 1, 2018 12:44pm
Quoting cpips
Happy new year!
I wish you the same
Make all mistakes in demo and rain in pips in live account
  • #2,147
  • Jan 1, 2018 1:18pm Jan 1, 2018 1:18pm
Quoting dibest000
Happy New Year
I wish you the same and wonderful year
Make all mistakes in demo and rain in pips in live account
  • #2,148
  • Jan 2, 2018 5:18am Jan 2, 2018 5:18am
For quick and scalping, EURCAD daily middle band and 4hr upper band. Am already out of the pair because it's about ranging and am in CADCHF short
Make all mistakes in demo and rain in pips in live account
  • #2,149
  • Jan 2, 2018 5:20am Jan 2, 2018 5:20am
Quoting 9jatrader
I would have been out with daily candle for sl on CHFJPY long {image}
Hey 9ja,happy new year.

I had the first view over charts since weeks.. daamn was that good.

so.. back to topic.

What was the reason for your entry? and when did you open??

Wasn t the correct entry about 3 weeks before??
Close of uper bands?-- marked in the chart.

stay tuned
Guido
Attached Image
Risiko birgt immer auch die Chance.
  • #2,150
  • Jan 2, 2018 5:26am Jan 2, 2018 5:26am
Not just because of daily middle band and 4hr alone, but it has rejected strongly the lower band and also stochastic crossing right below the oversold region. I do not see the possibility of it trending, because of the strong weekly already formed long ago, 26th November and 17th December, 2017
Make all mistakes in demo and rain in pips in live account
  • #2,151
  • Jan 2, 2018 5:33am Jan 2, 2018 5:33am
Quoting 9jatrader
Not just because of daily middle band and 4hr alone, but it has rejected strongly the lower band and also stochastic crossing right below the oversold region. I do not see the possibility of it trending, because of the strong weekly already formed long ago, 26th November and 17th December, 2017

aaha.. okay.. I really thought the basic is weekly break/close middle band and then a close d1 upper/lower band.
Itīll need a couple of days to fix my top down alalyses.. and read all the postings in my subscribed threads to keep me updated.
Just returned from wintersleep hahaha.

But the coming days Iīll come with charts wich we can discuss properly..

stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #2,152
  • Jan 2, 2018 5:47am Jan 2, 2018 5:47am
Quoting Sesamstrasse
{quote} aaha.. okay.. I really thought the basic is weekly break/close middle band and then a close d1 upper/lower band. Itīll need a couple of days to fix my top down alalyses.. and read all the postings in my subscribed threads to keep me updated. Just returned from wintersleep hahaha. But the coming days Iīll come with charts wich we can discuss properly.. stay tuned Guido
We can lower it to shorter TF for those who have the time to trade shorter TF. Waiting for your charts
Welcome from winter sleep
Make all mistakes in demo and rain in pips in live account
  • #2,153
  • Jan 2, 2018 6:02am Jan 2, 2018 6:02am
Quoting Sesamstrasse
{quote} Hey 9ja,happy new year. I had the first view over charts since weeks.. daamn was that good. so.. back to topic. What was the reason for your entry? and when did you open?? Wasn t the correct entry about 3 weeks before?? Close of uper bands?-- marked in the chart. stay tuned Guido {image}
I wish you the same wonderful year. It was based on the daily middle band and 4hr upper band. I got in late. It ought to have been on the 30th. Sometimes I miss and I reanalyze the chart and find another entry point since it's just beginning
Make all mistakes in demo and rain in pips in live account
  • #2,154
  • Jan 2, 2018 6:06am Jan 2, 2018 6:06am
As time goes on I hope to have time for 4hr entry, as this would offer me small SL size, using the daily candle for SL
Make all mistakes in demo and rain in pips in live account
  • #2,155
  • Jan 2, 2018 6:16am Jan 2, 2018 6:16am
When price forms strong consolidation on the daily by forming support it offers opportunity, using the daily and 4hr
Make all mistakes in demo and rain in pips in live account
  • #2,156
  • Jan 2, 2018 6:21am Jan 2, 2018 6:21am
In spite of the strategies we may have, no where is safe on our chart. That's the reason we need to keep our risk low, specially when our account is just at the beginning of build up. And when we have finally taken the account high, we should avoid overconfidence, otherwise our account would take a dive and crash
Make all mistakes in demo and rain in pips in live account
  • #2,157
  • Jan 2, 2018 7:16am Jan 2, 2018 7:16am
EURUSD had been crazy bullish. I hope to trade the reversal. Am waiting below resistance. It's interesting that it's correlated pair, EURGBP shooting star formed long ago is yet to do it's job. I can't be bullish now on EU
Make all mistakes in demo and rain in pips in live account
  • #2,158
  • Jan 2, 2018 7:22am Jan 2, 2018 7:22am
Am eyeing 1.20 and 1.21 or between them
Make all mistakes in demo and rain in pips in live account
  • #2,159
  • Jan 3, 2018 2:52pm Jan 3, 2018 2:52pm
GBPUSD seem prepared to form double tops.
Make all mistakes in demo and rain in pips in live account
  • #2,160
  • Edited 1:42am Jan 4, 2018 1:23am | Edited 1:42am
USDCAD is gradually forming consolidation support; one of my positions sl not triggered yet. Hope to join again with daily middle band and 4hr upper band for early entry.
Make all mistakes in demo and rain in pips in live account
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