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Simple and profitable trading style

  • #2,561
  • Apr 7, 2018 2:54am Apr 7, 2018 2:54am
I decided to join the bears with the bearish engulfing below both the SMA and middle band. Hope it works out. It's a game of probability
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,562
  • Apr 7, 2018 3:04am Apr 7, 2018 3:04am
The white mark would have offered me the opportunity to hold on to my short position when I got in with shooting star. If I were combining the SMA then I would have still hold to my position as the bearish formed below the SMA acting as resistance
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Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,563
  • Apr 7, 2018 4:46am Apr 7, 2018 4:46am
I also have EURUSD, specially for EU lovers. The white mark would have offered another opportunity- the white mark. Again no regret

This is where it helps to support the strong bullish trend- over 460 pips before strong resistance???? Unbelievable
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Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,564
  • Apr 8, 2018 12:52pm Apr 8, 2018 12:52pm
Quoting 9jatrader
The backtest of SMA reveals so much to me each time I have the time to study the charts. One of the great thing is that it can act as both support during bearish retracement and as resistance during bullish retracement. Wish to share some old charts were it would have offered opportunity to join the trend
Going through my trade journal, I found the recent I was able to catch- strong Bearish engulfing below both the SMA and middle band. Am already long- strong Bullish Engulfing above support
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Make all mistakes in demo and rain in pips in live account
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  • #2,565
  • Apr 8, 2018 12:56pm Apr 8, 2018 12:56pm
There was no need to wait for the daily middle band and 4hr upper band. It's another sub-strategy I listed before now.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,566
  • Apr 8, 2018 1:05pm Apr 8, 2018 1:05pm
Still going through some 4hrs backcheck for small accounts traders and wish to have very small sl
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,567
  • Apr 8, 2018 8:05pm Apr 8, 2018 8:05pm
am already in for EURNZD based on weekly entry, there was still other pairs near middle line BB on weekly TF, have possibility to crossover, and also i have seen some bullish engulfing on weekly TF but didnt dare to pick it up.

for EURNZD i think it was based on entry rules, although seem like early entry for now, but last week it has the criteria for entry. weekly already crossing middle band and daily closed below bottom band. hope it going well.
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  • #2,568
  • Apr 9, 2018 2:57am Apr 9, 2018 2:57am
Quoting ourfield
am already in for EURNZD based on weekly entry, there was still other pairs near middle line BB on weekly TF, have possibility to crossover, and also i have seen some bullish engulfing on weekly TF but didnt dare to pick it up. for EURNZD i think it was based on entry rules, although seem like early entry for now, but last week it has the criteria for entry. weekly already crossing middle band and daily closed below bottom band. hope it going well. {image}
Do you mean EURNZD short?

I believe so. Please be reminded that when using the weekly middle band and the daily the above the high price of the weekly is used for sl. If the account is too small to allow weekly sl, it's better either to skip it or lower significantly your lot size.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,569
  • Apr 9, 2018 3:04am Apr 9, 2018 3:04am
We can work on the daily middle band and 4hr for possible sl- using the daily candle for sl
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,570
  • Apr 9, 2018 3:11am Apr 9, 2018 3:11am
Quoting 9jatrader
GBPJPY long on the move- weekly middle band and daily upper band. The great thing is the Hammer below the upper band. This is the kind of Hammer that has not disappointed me- Hammer below the upper band
I skipped the pair when it failed to close well above the upper band, daily, possibly because of the intraday traders taking profit of Friday. As I see the movement now I hope it closes well at the end of the day on the daily upper band. I can share the chart now.
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Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,571
  • Apr 9, 2018 3:16am Apr 9, 2018 3:16am
Even the strong Hammer with shadow/wick above both the SMA and middle band already enough to be bullish
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,572
  • Apr 9, 2018 5:46am Apr 9, 2018 5:46am
Quoting 9jatrader
{quote} Do you mean EURNZD short? I believe so. Please be reminded that when using the weekly middle band and the daily the above the high price of the weekly is used for sl. If the account is too small to allow weekly sl, it's better either to skip it or lower significantly your lot size.
yes, i forgot telling open position long or short. SL im using weekly and because of it am only open 1 posision today.
  • #2,573
  • Apr 9, 2018 6:04am Apr 9, 2018 6:04am
Quoting ourfield
{quote} yes, i forgot telling open position long or short. SL im using weekly and because of it am only open 1 posision today.
Ok. EURAUD would inform us as they are correlated. Am short on EURAUD ans long AUDCHF. That's where correlation helps to trap movement
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,574
  • Apr 9, 2018 6:41am Apr 9, 2018 6:41am
Quoting ourfield
am already in for EURNZD based on weekly entry, there was still other pairs near middle line BB on weekly TF, have possibility to crossover, and also i have seen some bullish engulfing on weekly TF but didnt dare to pick it up. for EURNZD i think it was based on entry rules, although seem like early entry for now, but last week it has the criteria for entry. weekly already crossing middle band and daily closed below bottom band. hope it going well. {image}
What’s the name of blue dot trading indicator into your chart?
  • #2,575
  • Apr 9, 2018 6:47pm Apr 9, 2018 6:47pm
Quoting LuizGuilher
{quote} What’s the name of blue dot trading indicator into your chart?
fractals indicator, it doesnt help with this strategy, this trategy use BB, MA and stoch osciliator as indicator. also few candle formation for sub strategies as 9ja mention before.
  • #2,576
  • Apr 9, 2018 7:00pm Apr 9, 2018 7:00pm
Quoting ourfield
{quote} fractals indicator, it doesnt help with this strategy, this trategy use BB, MA and stoch osciliator as indicator. also few candle formation for sub strategies as 9ja mention before.

Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,577
  • Apr 9, 2018 7:17pm Apr 9, 2018 7:17pm
GBPJPY scared of upper band. It's as a result of weekly middle band
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,578
  • Apr 9, 2018 11:07pm Apr 9, 2018 11:07pm
Have to use "Buy Stop" order above the last high for GBPJPY long, otherwise it escapes gradually
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #2,579
  • Apr 9, 2018 11:22pm Apr 9, 2018 11:22pm
i will join long GBPJPY if candles entering oversold area and break resistance.
  • #2,580
  • Apr 9, 2018 11:22pm Apr 9, 2018 11:22pm
CHFJPY had been rejecting upper band on 4hr. The current move on 4hr is great if it closes well.

Finally it closed above the upper band on 4hr
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
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