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Simple and profitable trading style

  • #2,261
  • Jan 15, 2018 4:49pm Jan 15, 2018 4:49pm
Quoting PhaseCapital
{quote} I see that. I think that's great. I'd love to catch one of those big sweeping moves!
That is the reason for the thread following long backtesting/backchecking
Make all mistakes in demo and rain in pips in live account
  • #2,262
  • Jan 15, 2018 4:53pm Jan 15, 2018 4:53pm
Sounds good, I will contribute when applicable!
  • #2,263
  • Jan 16, 2018 9:49am Jan 16, 2018 9:49am
Market is almost dead in many pairs- so bad
Make all mistakes in demo and rain in pips in live account
  • #2,264
  • Jan 16, 2018 2:49pm Jan 16, 2018 2:49pm
Volatility seemed returned this evening. Though EURCAD, EURUSD and GBPUSD had been bullish they are forming strong Pin Bar below upper band ( EURCAD ), above the upper band ( EURUSD and ( GBPUSD )
Make all mistakes in demo and rain in pips in live account
  • #2,265
  • Jan 16, 2018 2:53pm Jan 16, 2018 2:53pm
EURCAD is sending signal to its negatively correlated pair CADCHF

I have been on CADCHF since September- shooting Star setup right below the resistance formed by high price
It returned to the same level on 10th January to form another strong setup again
Make all mistakes in demo and rain in pips in live account
  • #2,266
  • Jan 16, 2018 3:09pm Jan 16, 2018 3:09pm
Quoting 9jatrader
Daily middle band and 4hr {image}
The last weekly candle formed still sending the pair deep down
Make all mistakes in demo and rain in pips in live account
  • #2,267
  • Jan 16, 2018 3:24pm Jan 16, 2018 3:24pm
Pin Bar formed on the weekly on EURNZD is yet to send it up
Make all mistakes in demo and rain in pips in live account
  • #2,268
  • Jan 16, 2018 6:15pm Jan 16, 2018 6:15pm
Bollinger band squeeze getting tighter on EURGBP. This informs that the big guys are closing out their positions. In spite of this the shooting star had still not shut the pair down. I would still keep my short positions
Make all mistakes in demo and rain in pips in live account
  • #2,269
  • Jan 17, 2018 1:38am Jan 17, 2018 1:38am
What is EURUSD going to do- forming strong Shooting Star. I keep my eyes so open to the movement. If it forms strong shooting star it would be scary
Make all mistakes in demo and rain in pips in live account
  • #2,270
  • Edited 1:53am Jan 17, 2018 1:40am | Edited 1:53am
Possibly to come strong to retest the broken resistance, formed by high price of Gravestone Doji, now acting as support
Make all mistakes in demo and rain in pips in live account
  • #2,271
  • Jan 17, 2018 2:13am Jan 17, 2018 2:13am
Quoting 9jatrader
Bollinger band squeeze getting tighter on EURGBP. This informs that the big guys are closing out their positions. In spite of this the shooting star had still not shut the pair down. I would still keep my short positions
EURGBP is not going to take any direction now because both the eur and gbp are in up direction since four to five months untill one of them resume down trend no definite direction for eurgbp
  • #2,272
  • Jan 17, 2018 2:19am Jan 17, 2018 2:19am
Quoting joycometh
{quote} EURGBP is not going to take any direction now because both the eur and gbp are in up direction since four to five months untill one of them resume down trend no definite direction for eurgbp
You're correct. That's the meaning of BBSqueeze. No certainty for now, but already formed strong short setup long ago. I will change my bias when the Shooting Star high price is broken.
Make all mistakes in demo and rain in pips in live account
  • #2,273
  • Jan 17, 2018 4:45am Jan 17, 2018 4:45am
Quoting 9jatrader
I decided to join EURAUD bulls, USDJPY bears, EURUSD bulls and AUDUSD bulls. Not in one platform
Last weekly Hammer on AUDUSD continues to push it up. But how will the new resistance levels, between 0.80558 and 0.81240 reacts????
Make all mistakes in demo and rain in pips in live account
  • #2,274
  • Jan 17, 2018 4:50am Jan 17, 2018 4:50am
If only we could have hammer, with bullish body always, our account would be flying like fighter jet. You could see the one formed on AUDCAD on the 6th December sending it to over 255 pips for now
Make all mistakes in demo and rain in pips in live account
  • #2,275
  • Jan 17, 2018 1:49pm Jan 17, 2018 1:49pm
Just closed USDCAD long with loss, GBPJPY sl triggered. It's part of the game- win some and loose some.
The interesting thing is that USDCAD is crashing days from now and wish to recover my loss. I foresaw the wrong move I made. Break your strategy- market shows no mercy. But the monthly bullish setup still remains valid
Make all mistakes in demo and rain in pips in live account
  • #2,276
  • Jan 17, 2018 4:02pm Jan 17, 2018 4:02pm
Quoting 9jatrader
{quote} I decided to cautiously join the bulls on daily and 4hr upper band.
The high risk game plan was a mess

Quoting 9jatrader
Cautious because the daily is still right below the middle band, but moving out of consolidation
Impatient can be costly, we pay price for overconfidence - lesson on USDCAD long.

Quoting 9jatrader
What made me to take the high risk game on USDCAD is the fact that it reacted to 1.2422, July 2017 support and 4hr closed above the upper band
I have been taught a lesson to wait and follow market and not to go ahead of her
Make all mistakes in demo and rain in pips in live account
  • #2,277
  • Jan 18, 2018 1:53am Jan 18, 2018 1:53am
Sometimes we see strong and powerful setup that forms at the wrong time. That was the case with yesterday setup on EURUSD. It was really strong on the daily- but at the wrong time when the bulls have just taken over the movement, daily and weekly
Make all mistakes in demo and rain in pips in live account
  • #2,278
  • Jan 18, 2018 6:59am Jan 18, 2018 6:59am
Quoting 9jatrader
Sometimes we see strong and powerful setup that forms at the wrong time. That was the case with yesterday setup on EURUSD. It was really strong on the daily- but at the wrong time when the bulls have just taken over the movement, daily and weekly
pls i cant see any setup in eurusd going by your daily/4hrs setup
  • #2,279
  • Jan 18, 2018 11:08am Jan 18, 2018 11:08am
Quoting joycometh
{quote} pls i cant see any setup in eurusd going by your daily/4hrs setup
There was setup, not daily middle band and 4hr upper/lower band. It was strong Shooting Star supported by bollinger band upper breakout. It was a very strong short setup, especially having long upper shadow and upper band breakout. But it was formed at the wrong time and position.
You must understand that I have other strategies and have shared them. At the beginning of this thread I said I have other strategies, but will not start other threads for the purpose of different strategies. And so any strategies other than the main one here, I always indicate.
Make all mistakes in demo and rain in pips in live account
  • #2,280
  • Jan 18, 2018 11:13am Jan 18, 2018 11:13am
If yesterday's candle on EURUSD was formed while market ranges I would have no other option than to close my long and enter short immediately. I would not wait for sl to trigger.
Make all mistakes in demo and rain in pips in live account
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