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Simple and profitable trading style

  • #2,181
  • Jan 6, 2018 2:49am Jan 6, 2018 2:49am
Quoting 9jatrader
{quote} NZDCHF Though still trapped around middle band, weekly, yet was able to close with bullish candle
i like the correlation between NZDCHF and EURNZD
Hence why i am short EN
Kim
  • #2,182
  • Jan 6, 2018 2:49am Jan 6, 2018 2:49am
Is this entry a mistake?
Attached Image (click to enlarge)
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  • #2,183
  • Jan 6, 2018 3:01am Jan 6, 2018 3:01am
Quoting nightfox84
Is this entry a mistake? {image}
A strong short setup already formed long ago. Those who have following the thread know that, strong shooting star below the resistance, 114.220,the red marks. You may monitor your exit or not around the resistance. I remain bearish. Am not asking you to close your long position or to hold on. Am only sharing my analyses. I have the chart, though I have shared it before now.
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Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,184
  • Jan 6, 2018 3:04am Jan 6, 2018 3:04am
It made over 260 pips down and retraced on me. Am not exiting yet. Shooting Star hardly failed when formed below resistance.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,185
  • Jan 6, 2018 3:06am Jan 6, 2018 3:06am
Quoting alexkimke
{quote} i like the correlation between NZDCHF and EURNZD Hence why i am short EN
Also correlated with AUDCHF long. Am in it
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,186
  • Jan 7, 2018 11:10am Jan 7, 2018 11:10am
Quoting 9jatrader
{quote} Also correlated with AUDCHF long. Am in it
worth it
I was just going through my charts and found out this perfect set up using 10,2 bollinger bands settings. on the EURCAD you can see it has given set ups on both the weekly strategy and the daily strategy
Looking forward to your inputs guys,happy trading
Attached Image(s) (click to enlarge)
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Kim
  • #2,187
  • Jan 7, 2018 12:37pm Jan 7, 2018 12:37pm
Quoting alexkimke
{quote} worth it I was just going through my charts and found out this perfect set up using 10,2 bollinger bands settings. on the EURCAD you can see it has given set ups on both the weekly strategy and the daily strategy Looking forward to your inputs guys,happy trading {image} {image} {image}
Weekly middle band could interrupt it. Just my take
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,188
  • Jan 8, 2018 9:02am Jan 8, 2018 9:02am
Quoting alexkimke
Happy new year to @9jatrader and the members of this great thread,now i have been back-testing and studying this strategy and so far so good. I decided to try different setting the Bollinger Bands and instead of using 20,2 i use 10,2. You can see from the chart below where i entered EURNZD short trade based on daily and 4hr chart using 10,2 settings. I realised 10,2 gives an earlier signal unlike 20,2. Now my question to you 9jatrader and the members is if anyone else has tried to change the bollinger bands setting and what was the results? personally...
I believe you still hold on to your EURNZD, short. Weekly and daily now doing their movement. This is the interesting thing about the strategy. When you have time to catch daily middle band; before you know the weekly middle band and daily upper/lower form their setup on the same setup.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,189
  • Jan 8, 2018 9:10am Jan 8, 2018 9:10am
Quoting 9jatrader
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
There seem to bearish confirmation. How far will this continue
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,190
  • Jan 8, 2018 9:10am Jan 8, 2018 9:10am
Quoting 9jatrader
{quote} I believe you still hold on to your EURNZD, short. Weekly and daily now doing their movement. This is the interesting thing about the strategy. When you have time to catch daily middle band; before you know the weekly middle band and daily upper/lower form their setup on the same setup.
Yes i am,expecting more downside. Meanwhile you can check on EURCHF on daily and 4 hr charts,you can get an ealier entry using 10,2 settings(although i don't like this pair because it is very choppy)
Attached Image(s) (click to enlarge)
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Kim
  • #2,191
  • Jan 8, 2018 9:12am Jan 8, 2018 9:12am
Quoting 9jatrader
Am eyeing 1.20 and 1.21 or between them
1.208 has stopped the crazy movement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,192
  • Jan 8, 2018 9:16am Jan 8, 2018 9:16am
Quoting 9jatrader
I decided to join the GBPUSD and EURUSD bears yesterday. It's all about setup and analyses, not profit or loss.
Here was my entry on the two pairs; GBPUSD is yet to respond, continue to form Doji candles below 1.35855.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,193
  • Jan 8, 2018 9:21am Jan 8, 2018 9:21am
Quoting alexkimke
{quote} Yes i am,expecting more downside. Meanwhile you can check on EURCHF on daily and 4 hr charts,you can get an ealier entry using 10,2 settings(although i don't like this pair because it is very choppy) {image} {image}
Great
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,194
  • Jan 8, 2018 9:32am Jan 8, 2018 9:32am
Catching reversal below resistance, for bearish trade and above visible support obtain better performance. How would this ones play out, I don't know yet.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,195
  • Jan 8, 2018 9:35am Jan 8, 2018 9:35am
Quoting alexkimke
{quote} Yes i am,expecting more downside. Meanwhile you can check on EURCHF on daily and 4 hr charts,you can get an ealier entry using 10,2 settings(although i don't like this pair because it is very choppy) {image} {image}
I don't trade EURCHF- so much fake signals
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,196
  • Jan 8, 2018 9:43am Jan 8, 2018 9:43am
What's AUDNZD going to do?? It has rejected resistance,between 1.122 and 1.130 weekly long ago.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,197
  • Jan 8, 2018 9:00pm Jan 8, 2018 9:00pm
Quoting 9jatrader
{quote} Stochastic is used to follow trending market. When support is broken when stochastic is oversold region then you have short trade setup. When resistance is broken when stochastic is on overbought region then you can get in and join. Don't use to fight trending market. When stochastic is between 80 and 20 don't get in.
Hey mate,

Loving the thread thanks for sharing your knowledge with us

Sorry to bring up something old i'm making my way through the forum slowly! I'm liking the results on this method of using Stoch and price just wondering when you say broken S/R are you referring to the general understanding that the bar must close outside the S/R and also before entering would you wait until the next bar also closes outside to avoid the "false breakout"?

Thanks mate

Cheers
  • #2,198
  • Jan 9, 2018 6:48am Jan 9, 2018 6:48am
Quoting darbz
{quote} Hey mate, Loving the thread thanks for sharing your knowledge with us Sorry to bring up something old i'm making my way through the forum slowly! I'm liking the results on this method of using Stoch and price just wondering when you say broken S/R are you referring to the general understanding that the bar must close outside the S/R and also before entering would you wait until the next bar also closes outside to avoid the "false breakout"? Thanks mate Cheers
You must allow the price to closed above it- for long positions; below the support while stochastic remains on the oversold- for sort positions. I know that you're new here, otherwise you would know that I have separated stochastic thread from the strategy here. Here you would have it:https://www.forexfactory.com/showthread.php?t=646664. Here you would see some of the charts I have shared
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,199
  • Jan 9, 2018 7:08am Jan 9, 2018 7:08am
Am loosing ground on CADCHF short position. If the resistance level, 0.79538 I know I was wrong in holding on
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,200
  • Jan 9, 2018 7:25am Jan 9, 2018 7:25am
Quoting 9jatrader
Am loosing ground on CADCHF short position. If the resistance level, 0.79538 I know I was wrong in holding on
So soon it may form another short setup
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
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