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Simple and profitable trading style

  • #2,241
  • Jan 14, 2018 4:57am Jan 14, 2018 4:57am
Quoting Pipwin
I just want to draw your attention to some points and you will start to understand may be I am wrong: Traders in Banks and brokers knew all these old stuff: 1. Hammer, Bollinger Band, stochastic, rsi etc and they widespread these indicators and they let people focus and trade in this frame. It mean that these guys knew how to catch your money so how can you take money from them if they already knew all cards you have in your hands you don't hide them. 2. they also knew that most people would enter "buy" in a trade after a bullish candle or "short...
That's why psychological support and resistance hold because many are waiting at the levels
Make all mistakes in demo and rain in pips in live account
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  • #2,242
  • Jan 14, 2018 5:04am Jan 14, 2018 5:04am
Whether traders in banks and individual retail traders are aware of the setups that move price, checking your charts would show you that they move more often accordingly. They may not be able to manipulate it.
One of the great things in Forex is that no single individuals or banks can corner the market. Forex is greater than individual.
Just focus on setup and forget about great banks/individuals
Make all mistakes in demo and rain in pips in live account
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  • #2,243
  • Jan 14, 2018 5:14am Jan 14, 2018 5:14am
EURGBP had been ranging since September, four months now. Last candle closed with Doji. What will happen next after this? Getting bored by my short position
Make all mistakes in demo and rain in pips in live account
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  • #2,244
  • Jan 14, 2018 9:42am Jan 14, 2018 9:42am
I think this is a likely bounce on these pairs.
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  • #2,245
  • Edited 11:09am Jan 14, 2018 10:58am | Edited 11:09am
Quoting 9jatrader
I finally closed USDJPY short formed long ago with Shooting Star Today's candle was too big. Market is oversold on the shorter TF and so may be forming small bullish candles
Hey 9Ja.. I already finnished my big picture analyses for all my viewed pairs--
Some (most)pairs are very similar to yours and I´m thinking about to add the missing ones.. ( decide later).

For now I´m having following questions:

Quoting 9jatrader
EURGBP had been ranging since September, four months now. Last candle closed with Doji. What will happen next after this? Getting bored by my short position

EG is in my big picture analyses for long.. BUT.. it´s monthly constraining and I skiped trading it because the toooooooo slow move



What is your impression about UJ..
I only analyse weekly TF and later I deecide to enter a daily-- or even skip.

In my top down analyses it has a too small range for a first final TP .. and a larger SL -- so I skipped it from my TOP Picks for the coming week.

Quoting 9jatrader
If only we're patient enough to wait for Shooting Star, for bearish setup and Dragonfly/Pinbar and Hammer with bullish body, for bullish position I believe we can build any account to reasonable size. Funny enough they don't form always
Which timeframe??
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Risiko birgt immer auch die Chance.
  • #2,246
  • Jan 14, 2018 11:08am Jan 14, 2018 11:08am
-- and how would you consider the EA chart?

Worthy to look for a D1 entry with your bollinger system or do you skip touch trades of the middle band?

EA is one of my TOP PICKS for my big picture analyses..
in my thread:
https://www.forexfactory.com/showthr...4#post10669184

stay tuned
Guido
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Risiko birgt immer auch die Chance.
  • #2,247
  • Jan 14, 2018 12:27pm Jan 14, 2018 12:27pm
Quoting PhaseCapital
I think this is a likely bounce on these pairs. {image} {image} {image}
For shorter time frame there is possibility of bounce. I do see overall bullish bias on them
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,248
  • Jan 14, 2018 12:38pm Jan 14, 2018 12:38pm
Quoting Sesamstrasse
{quote} Hey 9Ja.. I already finnished my big picture analyses for all my viewed pairs-- Some (most)pairs are very similar to yours and I´m thinking about to add the missing ones.. ( decide later). For now I´m having following questions: {quote} EG is in my big picture analyses for long.. BUT.. it´s monthly constraining and I skiped trading it because the toooooooo slow move What is your impression about UJ.. I only analyse weekly TF and later I deecide to enter a daily-- or even skip. In my top down analyses it has a too small range for a first...
There had been strong short setup formed long ago on EURGBP on 12th October, 2017- Strong Shooting Star. You would observe that ever since, no bullish candle had been able to close above the 0.89772 resistance where the setup was formed.
About USDJPY, it remains bullish bias. But could be risky now because of sl level. I would tread carefully by taking small lot size 0.02. UJ was able to close with bearish candles with long upper shadow. I will be using the upper shadow high price for sl, though scared of possible retracement that earlier informed me to run with 237 pips only
Make all mistakes in demo and rain in pips in live account
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  • #2,249
  • Jan 14, 2018 12:41pm Jan 14, 2018 12:41pm
My analyses are based on monthly, weekly and look for entry on either daily and 4hr. But monthly takes longer time to work out. You would see strong bullish setup already formed on USDCAD, Strong Pinbar. The bulls are looking for entry
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,250
  • Jan 14, 2018 12:53pm Jan 14, 2018 12:53pm
Quoting 9jatrader
My analyses are based on monthly, weekly and look for entry on either daily and 4hr. But monthly takes longer time to work out. You would see strong bullish setup already formed on USDCAD, Strong Pinbar. The bulls are looking for entry
Yes, the monthly pinbar is a strong buy signal-- body above the 50 Ema what I use for my top down analyses..

But during the last weeks the price couldn t break the range between 12650 and 129 until the last 2 weeks..
It looks strongly like a retest of the low around 121 IMO.



Back to UJ.. where would you place the Sl for that case.. ?
With my trading it would be anywhere around 1360-80-- but the market is too flat ..
I don t like it -- breakout of a flat range YEs, but only if the conditions are given.
Not in this one.

stay tuned
Guido
Attached Image(s) (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #2,251
  • Jan 14, 2018 3:22pm Jan 14, 2018 3:22pm
Quoting Sesamstrasse
{quote} Yes, the monthly pinbar is a strong buy signal-- body above the 50 Ema what I use for my top down analyses.. But during the last weeks the price couldn t break the range between 12650 and 129 until the last 2 weeks.. It looks strongly like a retest of the low around 121 IMO. Back to UJ.. where would you place the Sl for that case.. ? With my trading it would be anywhere around 1360-80-- but the market is too flat .. I don t like it -- breakout of a flat range YEs, but only if the conditions are given. Not in this one. stay tuned Guido {image}...
UJ sl above the high price of the last two bearish candles

Quoting 9jatrader
{quote} There had been strong short setup formed long ago on EURGBP on 12th October, 2017- Strong Shooting Star. You would observe that ever since, no bullish candle had been able to close above the 0.89772 resistance where the setup was formed. About USDJPY, it remains bullish bias. But could be risky now because of sl level. I would tread carefully by taking small lot size 0.02. UJ was able to close with bearish candles with long upper shadow. I will be using the upper shadow high price for sl, though scared of possible retracement that earlier...
The sl
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,252
  • Jan 14, 2018 4:25pm Jan 14, 2018 4:25pm
I decided to join EURAUD bulls, USDJPY bears, EURUSD bulls and AUDUSD bulls. Not in one platform
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,253
  • Jan 14, 2018 4:52pm Jan 14, 2018 4:52pm
Daily middle band and 4hr
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Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,254
  • Jan 14, 2018 4:54pm Jan 14, 2018 4:54pm
The weekly was able to close well with strong bearish candle and long upper shadow. Still downward movement on the way. Not closing yet until I see the end
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,255
  • Jan 15, 2018 2:55am Jan 15, 2018 2:55am
Quoting 9jatrader
I decided to join EURAUD bulls, USDJPY bears, EURUSD bulls and AUDUSD bulls. Not in one platform
Just discovered I failed to join NZDUSD bulls just as AUDUSD as they are correlated- regrettable
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,256
  • Jan 15, 2018 2:55pm Jan 15, 2018 2:55pm
Quoting 9jatrader
I decided to join EURAUD bulls, USDJPY bears, EURUSD bulls and AUDUSD bulls. Not in one platform
USDJPY had finally broken the consolidation and local support. We have the next support 108.085 on the weekly chart,300 pips down the road
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,257
  • Jan 15, 2018 3:07pm Jan 15, 2018 3:07pm
Quoting 9jatrader
Daily middle band and 4hr {image}
The next support is 170 pips down the road on USDCHF. GBPJPY is only slow to crash. It would follow USDJPY and USDCHF
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,258
  • Jan 15, 2018 4:18pm Jan 15, 2018 4:18pm
Quoting 9jatrader
{quote} For shorter time frame there is possibility of bounce. I do see overall bullish bias on them
My goal is to take small bites throughout the day. I like projecting price too, but its not my trading method.
  • #2,259
  • Jan 15, 2018 4:29pm Jan 15, 2018 4:29pm
Quoting PhaseCapital
{quote} My goal is to take small bites throughout the day. I like projecting price too, but its not my trading method.
Ok; my style is great pips target
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,260
  • Jan 15, 2018 4:44pm Jan 15, 2018 4:44pm
Quoting 9jatrader
{quote} Ok; my style is great pips target
I see that. I think that's great. I'd love to catch one of those big sweeping moves!
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