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Simple and profitable trading style

  • #2,501
  • Mar 22, 2018 5:30pm Mar 22, 2018 5:30pm
I have to skip EURGBP Pin Bar that was formed. It is very risky as the Bollinger Upper and the lower bands are too wide apart. This may repeat what I pointed out in the last Pin Bar formed on AUDJPY, when I said it was too risky. AUDJPY still crashing, over 300 pips after the strong setup formed at the wrong time and place.
Make all mistakes in demo and rain in pips in live account
  • #2,502
  • Mar 23, 2018 10:58am Mar 23, 2018 10:58am
Quoting 9jatrader
Last candle closed with Hammer above the middle band on USDCAD. How will the bears react to the strong bullish consolidation???
Sometime ago I said am backtesting and backchecking charts about the interaction of Bollinger Middle band and the SMA. I have one of the trades I took yesterday, USDCAD long. You would see that while it has not closed above both the middle band and SMA, SMA setup counter-reaction. It's not surprised to me.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadu.png Size: 43 KB
Make all mistakes in demo and rain in pips in live account
  • #2,503
  • Mar 23, 2018 11:00am Mar 23, 2018 11:00am
For now no need for fear as the middle band and the SMA had not crossed yet
Make all mistakes in demo and rain in pips in live account
  • #2,504
  • Mar 25, 2018 7:44am Mar 25, 2018 7:44am
Quoting 9jatrader
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. {image}
I still keep following the strong setup that was formed at the wrong time and place. That was AUDJPY strong Pin Bar I reported sometime ago. Since the formation. The pair has moved 422 pips down.
Make all mistakes in demo and rain in pips in live account
  • #2,505
  • Mar 26, 2018 8:30am Mar 26, 2018 8:30am
AUDJPY so far
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyv.png Size: 40 KB
Make all mistakes in demo and rain in pips in live account
  • #2,506
  • Mar 26, 2018 8:43am Mar 26, 2018 8:43am
Do we need to follow up with the strong setup formed at the wrong place and time?? I do believe. That is the reason I follow up the AUDJPY after I reported that it was a strong setup, but was formed at the wrong time and place. Since the formation it has gown down so far. I keep following the EURGBP strong setup, but formed at the wrong time
Make all mistakes in demo and rain in pips in live account
  • #2,507
  • Mar 26, 2018 9:52am Mar 26, 2018 9:52am
Still on backtesting the interaction of Bollinger Middle band and the SMA, here was the setup, Strong Shooting Star when both crossed each other
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdr.png Size: 51 KB
Make all mistakes in demo and rain in pips in live account
  • #2,508
  • Mar 26, 2018 10:20am Mar 26, 2018 10:20am
Just found out that I have not uploaded the EURGBP formed at the wrong place. The Pin Bar was good, but formed when Bollinger Upper and Lower band are too far off
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpa.png Size: 52 KB
Make all mistakes in demo and rain in pips in live account
  • #2,509
  • Mar 26, 2018 5:30pm Mar 26, 2018 5:30pm
Strong Bullish Engulfing above support on NZDJPY.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.png Size: 58 KB
Make all mistakes in demo and rain in pips in live account
  • #2,510
  • Mar 26, 2018 5:37pm Mar 26, 2018 5:37pm
scalping is best strategy in this market
  • #2,511
  • Mar 26, 2018 5:39pm Mar 26, 2018 5:39pm
Quoting jacksparrow1
scalping is best strategy in this market
I wish you good luck
Make all mistakes in demo and rain in pips in live account
  • #2,512
  • Mar 26, 2018 5:50pm Mar 26, 2018 5:50pm
This level had not been broken since April 2017
Make all mistakes in demo and rain in pips in live account
  • #2,513
  • Mar 26, 2018 6:59pm Mar 26, 2018 6:59pm
Quoting 9jatrader
Strong Bullish Engulfing above support on NZDJPY. {image}
We might see the end of AUDJPY bears now. Interesting following the pair
Make all mistakes in demo and rain in pips in live account
  • #2,514
  • Mar 26, 2018 7:05pm Mar 26, 2018 7:05pm
Hope to join the AUDJPY bulls using the daily middle band and 4hr upper band, The daily would give more confidence if when the SMA crosses the middle band and bullish candle closes above both the middle band and SMA
Make all mistakes in demo and rain in pips in live account
  • #2,515
  • Mar 26, 2018 7:09pm Mar 26, 2018 7:09pm
This is what I mean
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyf.png Size: 39 KB
Make all mistakes in demo and rain in pips in live account
  • #2,516
  • Mar 26, 2018 7:11pm Mar 26, 2018 7:11pm
I hope to ride this pair with confidence as positive points lined up to support the bullish movement
Make all mistakes in demo and rain in pips in live account
  • #2,517
  • Mar 26, 2018 7:12pm Mar 26, 2018 7:12pm
Good night
Make all mistakes in demo and rain in pips in live account
  • #2,518
  • Mar 28, 2018 6:16am Mar 28, 2018 6:16am
GBPCHF around important point on the daily. There was a Double Tops here setup here. How will market react???? It's going to affect EURGBP, make or break. I see the resistance breakout on GC
Make all mistakes in demo and rain in pips in live account
  • #2,519
  • Mar 28, 2018 6:18am Mar 28, 2018 6:18am
Here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.png Size: 47 KB
Make all mistakes in demo and rain in pips in live account
  • #2,520
  • Mar 28, 2018 6:20am Mar 28, 2018 6:20am
GBPCHF bulls are too strong, while the EURGBP bears are also too strong
Make all mistakes in demo and rain in pips in live account
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