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Simple and profitable trading style

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 possible mistakes in Demo and rain in pips in live account
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 possible mistakes in Demo and rain in pips in live account
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 possible mistakes in Demo and rain in pips in live account
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 possible mistakes in Demo and rain in pips in live account
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 possible mistakes in Demo and rain in pips in live account
Still going through some 4hrs backcheck for small accounts traders and wish to have very small sl
Make all possible mistakes in Demo and rain in pips in live account
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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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 possible mistakes in Demo and rain in pips in live account
We can work on the daily middle band and 4hr for possible sl- using the daily candle for sl
Make all possible mistakes in Demo and rain in pips in live account
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 possible mistakes in Demo and rain in pips in live account
Even the strong Hammer with shadow/wick above both the SMA and middle band already enough to be bullish
Make all possible mistakes in Demo and rain in pips in live account
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.
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 possible mistakes in Demo and rain in pips in live account
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?
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.
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 possible mistakes in Demo and rain in pips in live account
GBPJPY scared of upper band. It's as a result of weekly middle band
Make all possible mistakes in Demo and rain in pips in live account
Have to use "Buy Stop" order above the last high for GBPJPY long, otherwise it escapes gradually
Make all possible mistakes in Demo and rain in pips in live account
i will join long GBPJPY if candles entering oversold area and break resistance.
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 possible mistakes in Demo and rain in pips in live account
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