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Simple and profitable trading style

  • #2,581
  • Apr 10, 2018 7:21am Apr 10, 2018 7:21am
Quoting ourfield
i will join long GBPJPY if candles entering oversold area and break resistance.
My pending order, "Buy Stop" triggered

Quoting 9jatrader
Have to use "Buy Stop" order above the last high for GBPJPY long, otherwise it escapes gradually
Here it was
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,582
  • Apr 10, 2018 7:29am Apr 10, 2018 7:29am
Just wondering what's going to happen to my USDJPY short- weekly support breakout as USDJPY and GBPJPY move the same direction. Lost in one and gain in the other
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,583
  • Apr 10, 2018 8:00am Apr 10, 2018 8:00am
Very useful! Thanks! I am doing operations with currencies and I use pivot charts a lot to be more precise. The market is very volatile as usual and I am looking for more and more instruments to use when following and analysing the movements. I try to have more short than long positions including USD and this strategy is working so far.
Good luck to everyone!
  • #2,584
  • Apr 10, 2018 8:06am Apr 10, 2018 8:06am
Quoting 9jatrader
{quote} I have one chart on USDCAD during retracement. It would have offered the bears to join- those who missed the entry point at the beginning. The first "white Mark" {image}
Weekly middle band is doing some great work. How far will it continue???
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,585
  • Apr 10, 2018 3:25pm Apr 10, 2018 3:25pm
CADCHF had been reluctant to close above the weekly middle band and SMA. The weekly is doing it now. Glad to grab it

Hope to grab 270 pips
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9jatrader All Time Return: -49.6%
  • #2,586
  • Apr 10, 2018 6:21pm Apr 10, 2018 6:21pm
Quoting 9jatrader
Strong Bullish Engulfing above support on NZDJPY. {image}
Second opportunity for the bulls. The weekly middle band and daily upper band

I see great movement ahead as the SMA had crossed each other now on the daily
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.png Size: 46 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,587
  • Edited 7:26am Apr 12, 2018 7:11am | Edited 7:26am
Quoting 9jatrader
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.
I have always said their is need to follow up with strong setup that was formed at the wrong place and time. That was the strong Pin Bar formed by EURGBP.

We could see how strong setup at the wrong place behave. I decided to look for bearish setup as the Pin Bar has high probability to fail
And so using both SMA and Middle band to get entry is important here.
SMA backtest has been wonderful, though with loss also
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 52 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,588
  • Apr 12, 2018 4:50pm Apr 12, 2018 4:50pm
Quoting 9jatrader
{quote} Ok. EURAUD would inform us as they are correlated. Am short on EURAUD ans long AUDCHF. That's where correlation helps to trap movement
Second opportunity for AUDCHF bulls- weekly middle band and daily upper band.
Trade safe
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,589
  • Apr 12, 2018 4:55pm Apr 12, 2018 4:55pm
Next on the radar is the GBPUSD- make or break around resistance. Catch it when formed
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,590
  • Apr 12, 2018 8:06pm Apr 12, 2018 8:06pm
Another setup for EURGBP bears
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp1.png Size: 50 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,591
  • Apr 13, 2018 2:58am Apr 13, 2018 2:58am
i can't take another setup because i already have 5 pairs still running with +pips until now. must hold myself to take new setup
  • #2,592
  • Apr 13, 2018 12:10pm Apr 13, 2018 12:10pm
Quoting ourfield
i can't take another setup because i already have 5 pairs still running with +pips until now. must hold myself to take new setup
I like your discipline. I have many platforms for backtest. And so I take positions that come my way
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,593
  • Edited Apr 16, 2018 2:42am Apr 15, 2018 4:27pm | Edited Apr 16, 2018 2:42am
Quoting 9jatrader
Also used the daily middle band and 4hr to join the AUDJPY bulls and see how it goes. NZDJPY is going well as planned and executed.
On Friday NZDJPY formed strong setup- but was formed at the wrong time and place. Bollinger upper and lower bands are too far apart. Am not exiting yet

The Shooting Star was really strong, but had to be ignored as the bulls are still in control
Trade safe- just analyzing
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpyw.png Size: 46 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,594
  • Apr 16, 2018 5:24am Apr 16, 2018 5:24am
Quoting 9jatrader
Next on the radar is the GBPUSD- make or break around resistance. Catch it when formed
GBPUSD is breaking strong resistance that had been holding. There was "Double Tops" below the resistance before now. I might come with the chart if it closes so well. I hope to jump in if it's great breakout.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,595
  • Apr 16, 2018 5:33am Apr 16, 2018 5:33am
Quoting 9jatrader
{quote} GBPUSD is breaking strong resistance that had been holding. There was "Double Tops" below the resistance before now. I might come with the chart if it closes so well. I hope to jump in if it's great breakout.
After breakout we have between 300 and 600 pips before the strong resistance,1.46202 to 1.48692 on the weekly chart
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,596
  • Apr 17, 2018 11:58am Apr 17, 2018 11:58am
Quoting 9jatrader
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
Two straight losses in CHFJPY. The bulls rejected the upper band on the daily and strong Bearish Engulfing was formed below it. today's candle informed to get out as the candle was able to close above both the SMA and middle band strongly. Am already short
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy1.png Size: 32 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,597
  • Apr 17, 2018 6:03pm Apr 17, 2018 6:03pm
Quoting 9jatrader
{quote} GBPUSD is breaking strong resistance that had been holding. There was "Double Tops" below the resistance before now. I might come with the chart if it closes so well. I hope to jump in if it's great breakout.
The breakout not impressive. Am neither long nor short. Still waiting around the last high price
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,598
  • Apr 17, 2018 7:01pm Apr 17, 2018 7:01pm
Quoting 9jatrader
{quote} Second opportunity for AUDCHF bulls- weekly middle band and daily upper band. Trade safe
Another opportunity for AUDCHF. It means EURAUD had no option than to crash
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,599
  • Apr 18, 2018 8:19am Apr 18, 2018 8:19am
Quoting 9jatrader
{quote} On Friday NZDJPY formed strong setup- but was formed at the wrong time and place. Bollinger upper and lower bands are too far apart. Am not exiting yet The Shooting Star was really strong, but had to be ignored as the bulls are still in control Trade safe- just analyzing {image}
When strong setup is formed at the wrong there is a way to go against the setup using SMA. You're not going against just because you want to be a counter trend trader. You're going against the setup because it fake setup and would more probably obey the previous direction
If NZDJPY gets to the point I would certainly share the chart, otherwise I forget about it.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
  • #2,600
  • Apr 19, 2018 3:27am Apr 19, 2018 3:27am
AUDNZD 4hr Hammer. I would have got in earlier, but I was still holding my short position. Just lost 69 pips- not waiting for sl to be triggered. 4hr had informed me to join now, though bit late using the daily middle band and 4hr
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd1.png Size: 46 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.6%
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