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NZD/JPY, USD/JPY

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  • #2,441
  • Feb 13, 2018 1:39pm Feb 13, 2018 1:39pm
It may form bullish setup again at the same support level-107.770. Hope to trap it again
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,442
  • Feb 14, 2018 4:18pm Feb 14, 2018 4:18pm
Quoting 9jatrader
{quote} Closing my USDCAD long first thing tonight when market opens. So scared of Friday's Shooting Star. It may cause bearish movement
The effect of the bearish bias finally showed up tonight.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,443
  • Feb 14, 2018 4:23pm Feb 14, 2018 4:23pm
Sometimes strong setup forms at the wrong time and place. That was the setup AUDJPY- strong Pin Bar on Support. This type of setup I hardly ignore. But I have to stay away from this one because it was formed at the bottom of bears. It would have been greater setup if market was ranging/sideways before the formation.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy1.png Size: 44 KB
Make all mistakes in demo and rain in pips in live account
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  • #2,444
  • Feb 14, 2018 4:30pm Feb 14, 2018 4:30pm
Apart from being formed at the bottom of bears the Bollinger upper and the lower bands are too far apart. The setup has so much negative points and so I have to skip it for now.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,445
  • Feb 15, 2018 6:58am Feb 15, 2018 6:58am
USDJPY had broken the ten months support both the daily and the weekly. Where is the next support-100.144
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyq.png Size: 54 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,446
  • Feb 15, 2018 7:09am Feb 15, 2018 7:09am
The interaction of Bollinger Middle band and the SMA adds to more confirmation. I will not start another thread, but hope to share all the backtests here also- where I could have got in early. Still checking the positions I mised
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,447
  • Feb 15, 2018 11:28am Feb 15, 2018 11:28am
Quoting 9jatrader
The interaction of Bollinger Middle band and the SMA adds to more confirmation. I will not start another thread, but hope to share all the backtests here also- where I could have got in early. Still checking the positions I mised
I missed yesterday's setups as I was out with my wife for the whole day - valentine things.

I was tracking EURUSD and USDJPY to pick one to enter and I missed it.

I'll love to see your analysis on the positions you missed.
  • #2,448
  • Feb 15, 2018 3:25pm Feb 15, 2018 3:25pm
Quoting atmokupe
{quote} I missed yesterday's setups as I was out with my wife for the whole day - valentine things. I was tracking EURUSD and USDJPY to pick one to enter and I missed it. I'll love to see your analysis on the positions you missed.
It was a great day for you. It was interesting also that it fell on Ash Wednesday for me. I took the time out for church activities of Ash Wednesday and the commencement of Lenten season.
I will come with some charts when am convinced of the interaction
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,449
  • Feb 15, 2018 4:27pm Feb 15, 2018 4:27pm
Quoting atmokupe
{quote} I missed yesterday's setups as I was out with my wife for the whole day - valentine things. I was tracking EURUSD and USDJPY to pick one to enter and I missed it. I'll love to see your analysis on the positions you missed.
USDJPY had broken weekly support. I decided to trade small lot because of the weekly sl
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,450
  • Feb 15, 2018 4:54pm Feb 15, 2018 4:54pm
Quoting 9jatrader
The interaction of Bollinger Middle band and the SMA adds to more confirmation. I will not start another thread, but hope to share all the backtests here also- where I could have got in early. Still checking the positions I mised
I wish to share two charts, EURUSD and AUDUSD. Am only long on EURUSD
For EURUSD it was able to close above both the middle band and SMA. We could see the movement now. Opposite is the case with AUDUSD. The bullish candle was able to close above only the SMA. Am more confident when it closed above the two, for long or below the two for short positions
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd1.png Size: 39 KB
Click to Enlarge Name: audusd0.png Size: 38 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,451
  • Feb 15, 2018 5:10pm Feb 15, 2018 5:10pm
Regrettable good entry point i missed even after closing my short position- the red right red mark.
Before the bearish engulfing the bullish made strong attempt but could not close above the middle band except the SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyr.png Size: 38 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,452
  • Feb 16, 2018 2:58am Feb 16, 2018 2:58am
Quoting 9jatrader
{quote} I wish to share two charts, EURUSD and AUDUSD. Am only long on EURUSD For EURUSD it was able to close above both the middle band and SMA. We could see the movement now. Opposite is the case with AUDUSD. The bullish candle was able to close above only the SMA. Am more confident when it closed above the two, for long or below the two for short positions {image} {image}
AUDCAD is breaking out of the tight corner between the SMA and Bollinger middle band. If it closes well like this I might join the bulls. Still bactesting/backchecking their interaction
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,453
  • Feb 16, 2018 3:00am Feb 16, 2018 3:00am
I decided to remove TP of EURUSD and GBPUSD and see the end
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,454
  • Feb 16, 2018 3:04am Feb 16, 2018 3:04am
The only TP I left was the AUDUSD around the resistance where the Double Tops ( weekly ) was formed earlier. The Double Tops was really strong and wish to get out from the long position and wait to join the bears- AUDUSD
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,455
  • Feb 16, 2018 3:37am Feb 16, 2018 3:37am
Quoting 9jatrader
{quote} I wish to share two charts, EURUSD and AUDUSD. Am only long on EURUSD For EURUSD it was able to close above both the middle band and SMA. We could see the movement now. Opposite is the case with AUDUSD. The bullish candle was able to close above only the SMA. Am more confident when it closed above the two, for long or below the two for short positions {image} {image}
Yes, I would even be wary of long on AUDUSD because stochastic shows overbought already.
  • #2,456
  • Feb 16, 2018 3:43am Feb 16, 2018 3:43am
Quoting atmokupe
{quote} Yes, I would even be wary of long on AUDUSD because stochastic shows overbought already.
Yea, Stochastic going overbought; am just scalping 176 pips daily
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,457
  • Feb 16, 2018 3:50am Feb 16, 2018 3:50am
Quoting 9jatrader
{quote} AUDCAD is breaking out of the tight corner between the SMA and Bollinger middle band. If it closes well like this I might join the bulls. Still bactesting/backchecking their interaction
Here is the AUDCAD. You would see that there was weak Pin Bar which closed above SMA, but was having difficulty closing above the the middle band
I decided to be sharing the charts bit by bit, instead of waiting to share may at a time
Attached Image (click to enlarge)
Click to Enlarge Name: audcadq.png Size: 47 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,458
  • Feb 16, 2018 3:55am Feb 16, 2018 3:55am
In spite of our great strategy- good entry/exit points we should always be reminded that market can go wild and behave like made dog, ignoring great signal. And so we have to keep the risk so low
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,459
  • Feb 17, 2018 10:19am Feb 17, 2018 10:19am
Quoting atmokupe
{quote} Yes, I would even be wary of long on AUDUSD because stochastic shows overbought already.
You got it right. Middle band interrupted the bullish movement on the daily. I wanted to scalp it
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,460
  • Feb 18, 2018 1:22pm Feb 18, 2018 1:22pm
After my weekly top down analyses I found one matching pair, what is also my "Top Pick" of the coming week.

I use it only in Weekly outcast and daily entry.

NJ is the focused instrument, weekly middle band crossed and stable closed.


Guido
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYcWeekly.png Size: 46 KB
Risiko birgt immer auch die Chance.
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